Sensex, Nifty updates on October 23, 2024: Indian equity benchmarks closed marginally lower on Wednesday after a volatile trading session, with the BSE Sensex declining 138.74 points or 0.17 per cent to 80,081.98, while the NSE Nifty 50 fell 36.60 points or 0.15 per cent to close at 24,435.50. Bajaj Finance led the gainers, surging…
Domestic markets are expected to open on a flat note despite positive global cues. With the broader market faltering, investors have turned cautious, said analysts. Of late, the number of stocks declining have outnumbered the gainers, as FPIs selling has hit almost $10 billion in October so far. On Tuesday, nearly 85 per cent of…
Derivative Segment • Atul Ltd • Chola Inv & Fin Comp Ltd • JSW Steel Ltd • Bharat Electronics Ltd • Hindustan Petro Corp Ltd • Torrent Pharma Ltd • DLF Ltd • Bank of Baroda • Bharat Petroleum Corp Ltd • Coal Ind Ltd • InterGlobe Aviation Ltd • Shriram Fin Ltd • Balkrishna…
MOSL on IndusInd BK Buy, TP Rs 1500 Weak quarter; steering through near-term challenges Cut earnings estimates by 16.7%/8.7% for FY25/26, leading to an RoA/RoE of 1.6%/13.6% by FY26 NIM contracts sharply to 4.08%; MFI mix declines 149bp to 9.2% of loans Jefferies on IndusInd BK Buy, TP cut to Rs 1470 2Q disappointed with…
ITC Limited’s shares rose 2.24 per cent, or 10.55 points, to ₹482.75 on the NSE on Friday after posting a 16 per cent y-o-y increase in gross revenue to ₹22,282 crore in the July-September quarter. ITC reported that its standalone net profit increased by about 3.1 per cent y-o-y to ₹5,078.34 crore. The company stated…
Indian equity benchmarks extended their losses for the fifth consecutive session on Friday, with the Sensex closing below the crucial 80,000-mark amid widespread selling pressure and disappointing corporate earnings. The BSE Sensex plunged 662.87 points, or 0.83 per cent, to close at 79,402.29, while the Nifty 50 declined 218.60 points, or 0.90 per cent, to…
Indices fell for the fifth straight session on Friday to near two and half month lows amid relentless selling by foreign portfolio investors (FPIs), weak second quarter results and rising treasury yields in the US. FPI selloff in the cash market in October nudged past ₹1 lakh crore, the first time this figure has been…
Shares of IndusInd Bank plummeted 19.82 per cent to ₹1,025.30 on the BSE on Friday during intra-day after it reported an unexpected drop in its second-quarter profit, and said it would miss its full-year loan growth target. The Q2 profit fell due a rise in bad loans from its microfinance segment, which provides collateral-free loans…
Indians’ love of gold is legendary, and deeply ingrained in Hindu mythology. As the legend goes, a fortune teller cursed the 16-year-old son of King Hima, saying he would die of a snakebite on the fourth day of his marriage. When the day came, his wife illuminated their house with lamps and placed piles of…
Target: ₹166 CMP: ₹131.40 Bajaj Housing Finance (has delivered a strong financial performance in Q2 FY25, with NII growing by 12.9 per cent y-o-y and 7.3 per cent q-o-q, reaching ₹710 crore. Bajaj Housing maintained an impressive cost of funds (COF) at 7.9 per cent, despite a high-cost funding environment. Additionally, yields improved by 10…
