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Closing Bell: Nifty below 24,800, Sensex falls 73 points; metal, media, IT major drag

October 21, 2024· 16:11 IST

October 21, 2024· 16:07 IST

Market Close | Sensex, Nifty end lower

Indian equity indices ended on a weak note with Nifty below 24,800 on October 21. At close, the Sensex was down 73.48 points or 0.09 percent at 81,151.27, and the Nifty was down 72.90 points or 0.29 percent at 24,781.10.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

October 21, 2024· 16:05 IST

Ajit Mishra – SVP, Research, Religare Broking

The markets experienced volatility and ended nearly flat, primarily in response to mixed earnings reports. After an initial uptick, Nifty saw a sharp decline and fluctuated within a narrow range, closing at 24,815. Most sectors faced pressure, with metal, IT, and FMCG stocks leading the losses. The broader indices also dipped, shedding nearly 1.5% each.

Despite selective rebounds in heavyweight stocks, supported by earnings, most gains appear unsustainable, mainly to prevailing bearish sentiment. We may see consolidation in the current scenario in Nifty however the overall tone is expected to remain negative. Traders should maintain a stock-specific strategy, focusing on risk management.

October 21, 2024· 16:03 IST

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Nifty opened gap up however it reversed sharply and closed in the red down ~73 points. Nifty witnessed selling pressure from the 25000 mark which coincides with high concentration of open interest on the call side implying resistance. On the downside the 20-week average (24730) which was defended well last week is being tested again. So there is a standoff between bulls and bears leading to heightened volatility. Overall, we expect a rangebound price action in the range 24500 – 25200 from short term perspective.

Bank Nifty opened with a huge gap up however was unable to sustain at higher levels and traded with a negative bias during the day. It closed down ~132 points. Inability to sustain at higher levels shows lack of strength and hence there is likely to further consolidation before any meaningful upside. On the upside 52250 – 52300 shall act as an immediate hurdle zone while 51100 – 51000 shall act as a crucial support zone.

October 21, 2024· 16:00 IST

Earnings watch | NELCO Q2 net profit down 28.1% at Rs 4.1 crore Vs Rs 5.7 crore, YoY

October 21, 2024· 15:45 IST

Aditya Gaggar Director of Progressive Shares:

The markets commenced the week on a strong note under the guidance of the Banking counters but swiftly erased their gains as a steep fall was witnessed in the Mid and Smallcap segments and at one point of time, the Index was down over 170 points; however, in the last session, recovery was seen from the lower levels which helped the Index to settle the trade at 24,781.10 with a loss of 72.95 points. Barring Auto, all the other sectors ended the day with a loss where Media and Metal were the major laggards.

After a pause of a day, Mid and Smallcaps extended their underperformance with a loss of 1.66% & 1.47% respectively. Bullish Divergence did not last for long as the Index formed a Dark Cloud Cover candlestick pattern on the daily chart indicating an upper hand of the Bears.

The range is shifted lower to 24,570-25,000 and a breakout on either side will open doors for another 250-300 points move.

October 21, 2024· 15:43 IST

Vinod Nair, Head of Research, Geojit Financial Services

The domestic market displayed considerable volatility, with key indices swinging between negative and positive terrain. PBOC has further reduced interest rates by 25 bps to support its struggling economy. Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market’s decline.

October 21, 2024· 15:32 IST

Currency Check | Rupee closes flat

Indian rupee ended flat at 84.06 per dollar on Monday versus Friday's close of 84.07.

October 21, 2024· 15:30 IST

Market Close | Nifty below 24,800, Sensex falls 73 pts amid high volatility; metal, media, IT major drag

Indian equity indices ended on a weak note with Nifty below 24,800 on October 21.

At close, the Sensex was down 73.48 points or 0.09 percent at 81,151.27, and the Nifty was down 72.90 points or 0.29 percent at 24,781.10. About 1096 shares advanced, 2766 shares declined, and 135 shares unchanged.

Biggest Nifty losers were Tata Consumer Products, Kotak Mahindra Bank, BPCL, IndusInd Bank and Bajaj Finserv, while gainers included HDFC Bank, Bajaj Auto, Asian Paints, M&M and Eicher Motors.

Except auto, all other sectoral indices ended in the red with FMCG, metal, capital goods, power, realty, IT, oil & gas and media down 1-3 percent.

BSE Midcap and smallcap indices shed 1.5 percent each.

October 21, 2024· 15:26 IST

Stock Market LIVE Updates | Affle India shares extend fall on fifth day

October 21, 2024· 15:18 IST

Brokerage Call | Reduction in supply of legacy gas will test pricing power for city gas stocks: CLSA
#1 The allocation cut has clear risks & see 15-25 percent cuts in fair value of IGL & MGL #2 Find up to 12 percent upside for IGL, MGL after recent nosedive in stock prices #3 Delay in price hikes or gradual price hikes may keep uncertainty alive #4 Pricing decision by city gas players will be a key focus over coming months for IGL & MGL #5 Impact on volume will be a key focus over coming months for IGL and MGL
NSE Top Sectoral Losers (Intra-day)
CompanyCMPChg(%)Volume
National Oxygen137.74.918253
Gujarat Gas546.55-2.92541468
IGL442.95-1.942262839
Adani Total Gas720.8-1.61269219
Mahanagar Gas1567.5-0.93539951
GAIL219.94-0.677706492
NSE Top Sectoral Gainers (Intra-day)
CompanyCMPChg(%)Volume
Refex Ind495.92.43572675

October 21, 2024· 15:16 IST

Earnings watch | Gravita India A2 profit up at Rs 72 crore Versus Rs 58 crore, YoY

October 21, 2024· 15:15 IST

Brokerage Call | Jefferies keeps underperform call on Tech Mahindra, target at Rs 1,440

#1 Q2 revenue beat estimates led by growth in vertical & fx tailwinds

#2 Normalised profits missed estimates

#3 Order bookings were down YoY & management highlighted that demand environment remains unchanged

#4 While Q2 revenue beat was encouraging, still see its aspiration of 15 percent margin by FY27 as optimistic

#5 Valuation at 26x FY26 PE looks rich, raise FY25 by 4 percent

October 21, 2024· 15:12 IST

Stock Market LIVE Updates | Amber Enterprises India shares gain on huge volumes

October 21, 2024· 15:10 IST

Sensex Today | BSE Power index down 1.4%; ABB India, CG Power, Siemens among top losers
CompanyCMPChg(%)Volume
ABB India8,261.65-5.918.38k
CG Power 773.55-5.53237.98k
Siemens7,474.00-4.248.08k
BHEL247.45-2.46401.75k
Adani Energy1,020.00-2.3766.90k
NHPC82.34-2.171.89m
Suzlon Energy70.75-2.094.57m
Adani Green Ene1,715.00-1.1714.57k
Adani Power605.80-0.92210.27k
Power Grid Corp331.55-0.1286.54k

October 21, 2024· 15:07 IST

Brokerage Call | JPMorgan keeps 'neutral' rating call on HDFC Bank, target at Rs 1,750

#1 Q2 PAT was 3 percent ahead of estimates aided by reversal of AIF related provisions

#2 NIM were flat QoQ with improvement in loan and liability mix

#3 Asset quality was better with net slippage contained at 0.7 percent

October 21, 2024· 15:01 IST

Markets@3 | Sensex flat, Nifty at 24800
The Sensex was down 7.64 points or 0.01 percent at 81,217.11, and the Nifty was down 49.70 points or 0.20 percent at 24,804.30. About 1001 shares advanced, 2521 shares declined, and 108 shares unchanged.
NSE Volume Shockers
CompanyCMP Chg(%)Today Vol 5D Avg VolVol Chg(%)
Tainwala Chem280.75
20%
213.33k
1,584.60
13,363.00
SIL Invest877.10
19.99%
565.39k
12,493.20
4,426.00
Banaras Beads135.12
-6.32%
312.21k
7,162.40
4,259.00
DB (Int) Stock51.65
0.64%
1.13m
28,116.40
3,922.00
ABSL Life Gold69.62
0.97%
912.90k
24,627.60
3,607.00
GFL119.34
20%
6.09m
216,065.00
2,719.00
Tejas Networks1,297.85
9.27%
11.95m
434,697.80
2,649.00
Tata Chemicals1,190.35
9.4%
17.99m
746,494.40
2,309.00
Indigo Paints1,658.60
5.85%
978.72k
42,574.00
2,199.00
Tridhya Tech41.50
13.08%
651.00k
30,000.00
2,070.00
BF Investment775.95
12.03%
1.56m
72,201.80
2,056.00
A B Infrabuild89.50
3.95%
324.00k
15,200.00
2,032.00
Ajmera Realty907.05
4.38%
718.43k
34,654.20
1,973.00
Amber Enterpris6,210.05
14.93%
3.94m
193,890.60
1,933.00
Blue Pebble321.00
-7%
173.60k
8,960.00
1,838.00
ABSL SIL ETF98.00
5.08%
1.41m
78,904.20
1,693.00
CRISIL4,875.95
3.7%
332.77k
21,574.40
1,442.00
Ausom Enterp155.50
-2.1%
36.80k
2,554.00
1,341.00
Indiamart Inter2,491.30
-17.32%
4.72m
337,381.60
1,300.00
DELPHI WORLD346.00
20%
301.86k
22,013.20
1,271.00
NSE Price Shockers (3 days)
CompanyCMPChg(%)3 Days Ago Price
SIL Invest877.1035.80645.90
ABM Inter74.9133.0856.29
Nalwa Sons7,753.0033.025,828.45
Pilani Invest7,536.0530.095,792.95
GFL119.3428.6492.77
Vardhman Hold5,303.9028.444,129.40
DELPHI WORLD346.0022.93281.47
Banaras Beads135.1222.51110.29
Kotyark Ind1,092.0018.14924.35
JSW Holdings10,726.4017.959,094.10
Aksh Optifibre11.5515.969.96
Ravindra Energy143.1315.75123.65
Sejal Glass519.0015.74448.40
Shyam Telecom15.0415.6913.00
Univastu India262.9515.62227.43
Kalyani Invest7,839.5015.496,788.20
ORIENTAL AROMAT587.4015.36509.20
Aristo Bio-Tech125.1015.19108.60
20 Microns318.9014.71278.00
Zenithexpo342.0014.42298.90

October 21, 2024· 14:57 IST

Stock Market LIVE Updates | 360 One Wam shares trade higher ahead of earnings

October 21, 2024· 14:56 IST

IPO Check | Hyundai Motor India shares might list at Rs 2035: Master Capital Services

The Hyundai Motor India IPO, which launched on October 15, 2024, is highly anticipated due to the company’s strong market position in the Indian passenger vehicle segment. On 21st Oct, the company’s shares at pre-listing are trading at a grey market premium of Rs 75 which is 3.8% higher than its original price band. Meaning that, the shares might list at Rs 2035 on 22nd Oct.

Hyundai Motor India, is the second-largest automobile manufacturer in India, holding a 15% market share. Despite some concerns regarding short-term listing gains due to subdued grey market premium, the company offers steady growth prospects amid industry tailwinds, robust financials and healthy SUV product demand.

Hyundai’s leadership in India's passenger vehicle market, along with its strategic focus on electric vehicles makes a compelling investment for long-term investors.

October 21, 2024· 14:52 IST

IPO Check | SEBI approves Niva Bupa Health, Paras Healthcare IPO plans

October 21, 2024· 14:47 IST

Stock Market LIVE Updates | Bajaj Housing Finance shares trade lower ahead of earnings

October 21, 2024· 14:46 IST

Sensex Today | BSE Auto index up 0.5%; Bajaj Auto, Eicher Motors, Maruti Suzuki among major gainers
CompanyCMPChg(%)Volume
Bajaj Auto10,478.354.1348.66k
Eicher Motors4,834.451.4718.85k
Maruti Suzuki12,231.701.0711.71k
M&M2,989.750.8863.67k
Apollo Tyres510.000.8644.77k
TVS Motor2,736.000.788.51k
Bosch37,031.000.6981
Hero Motocorp5,245.500.5914.78k
Sundram1,395.650.191.33k

October 21, 2024· 14:43 IST

Sensex Today | Nifty Midcap 100 index sheds more than 1100 points from day's high
CompanyCMPHigh LowFall from Day's High
Oberoi Realty2,008.902,018.45
1,956.15
-0.47%
ACC2,304.852,320.00
2,282.00
-0.65%
Oil India529.95533.40
521.35
-0.65%
Sona BLW633.80638.30
626.85
-0.7%
Fortis Health608.50612.90
603.00
-0.72%
L&T Technology5,287.555,327.65
5,125.00
-0.75%
Max Healthcare950.05957.30
939.65
-0.76%
Mankind Pharma2,663.002,685.15
2,626.00
-0.82%
Petronet LNG347.65350.55
344.50
-0.83%
Apollo Tyres510.10514.40
502.90
-0.84%
Patanjali Foods1,762.001,778.00
1,740.55
-0.9%
Tata Elxsi7,415.007,485.00
7,290.90
-0.94%
Poonawalla Fin378.45382.25
375.30
-0.99%
Torrent Power1,968.901,991.40
1,950.00
-1.13%
Dalmia Bharat1,831.151,856.00
1,760.80
-1.34%
Alkem Lab6,165.556,250.00
6,099.95
-1.35%
Sun TV Network755.95766.45
747.55
-1.37%
Dixon Technolog15,380.2015,600.00
15,273.40
-1.41%
Max Financial1,194.751,212.00
1,180.20
-1.42%
Tata Tech1,058.001,074.95
1,051.80
-1.58%

October 21, 2024· 14:42 IST

Earnings watch | CG Power Q2 net profit down 8.8% at Rs 241 crore Vs Rs 242.2 crore, YoY

October 21, 2024· 14:39 IST

Brokerage Call | Jefferies keeps 'hold' rating on Kotak Mahindra Bank, target at Rs 2,080

#1 For Q2, profit was largely in-line with estimate, with higher other income

#2 NIM continues to underperform peers due to rise in COF & fall in share of unsecured loan

#3 Slippage rose from credit cards & MFI loans may slip in next 2 quarters

#4 Positives: deposit growth of 15 percent, and LDR of 87 percent

#5 Clarity on RBI embargo & NBFC circular is key

October 21, 2024· 14:33 IST

IPO Check | Waaree Energies IPO subscribed at 2.23 times at 2:30 PM (Day 1)

QIB –0.03 times

NII – 4.85 times

Retail – 2.4 times

Employee Reserved – 1.14 times

Overall – 2.23 times

October 21, 2024· 14:27 IST

Stock Market LIVE Updates | Stocks rebound from day's low
NIFTY 500 Recovery from Day's Low
CompanyCMP (Rs)High LowGain from Day's Low
Amber Enterpris5,969.006,147.35
5,420.10
10.13%
Bombay Burmah2,832.852,944.00
2,651.00
6.86%
Tata Chemicals1,199.051,247.35
1,127.20
6.37%
Bajaj Auto10,501.1010,829.85
9,881.40
6.27%
Godawari Power193.15193.95
183.00
5.55%

October 21, 2024· 14:22 IST

Stock Market LIVE Updates | Investor Mukul Agrawal's name appears in Stanley Lifestyles' shareholding with 1.58% stake in Q2

October 21, 2024· 14:17 IST

Stock Market LIVE Updates | Stocks under 200-DMA levels
Negative Break-outs
CompanyCMPChg(%)200 SMA
PNC Infratech366.8-18.63450.79
Indiamart Inter2481-9.222732.98
Dishman Carboge189.59-4.24197.99
Ponni Sugars(E)442.3-3.62458.93
Lloyds Luxuries97-2.9599.95

October 21, 2024· 14:13 IST

Stock Market LIVE Updates | Vinyl Chemicals Q2 net profit at Rs 5.1 crore

October 21, 2024· 14:10 IST

Stock Market LIVE Updates | All sectoral indices, save for auto, sink into red
NSE Indian Indices Performance
IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY Auto25255.65
0.43
35.65
-4.56
-4.31
53.08
NIFTY IT41664.80
-1.05
17.32
-2.82
-1.28
32.40
NIFTY Pharma23174.35
-0.78
37.68
-2.14
0.74
53.40
NIFTY FMCG60495.95
-0.89
6.16
-3.01
-8.16
16.73
NIFTY PSU Bank6611.95
-0.89
15.73
-0.31
-0.24
33.57
NIFTY Metal9624.05
-1.33
20.63
-2.84
2.34
43.37
NIFTY Realty1039.15
-0.78
32.71
-1.72
-5.67
73.38
NIFTY Energy41064.55
-0.34
22.70
-1.13
-4.17
52.34
NIFTY Infra9129.95
-0.57
25.01
-0.87
-3.44
47.06
NIFTY Media1994.85
-2.32
-16.47
-3.00
-3.30
-13.42

October 21, 2024· 14:03 IST

Stock Market LIVE Updates | UltraTech Cement Q2 profit at Rs 825 crore

October 21, 2024· 14:02 IST

Earnings watch | Solara Active Q2 net profit at Rs 8 crore Vs loss of Rs 17 crore, YoY

October 21, 2024· 14:00 IST

Markets@2 | Sensex gains 130 pts, Nifty at 24850

The Sensex was up 136.07 points or 0.17 percent at 81,360.82, and the Nifty was down 6.70 points or 0.03 percent at 24,847.30. About 1051 shares advanced, 2445 shares declined, and 108 shares unchanged.

Advance/Decline (Intra-day)

;24,860.25 6.2(0.02%)

18

32

October 21, 2024· 13:59 IST

Stock Market LIVE Updates | RBI permits PB Fintech arm, PB Financial Account Aggregators to commence NBFC biz

October 21, 2024· 13:55 IST

Stock Market LIVE Updates | HMA Agro Industries in MoU to supply of frozen boneless buffalo meat

The company has signed a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor (Selangor Agricultural Development Corporation), a government entity from the state of Selangor, Malaysia, for joint collaboration for the supply of frozen boneless buffalo meat and exploring other initiatives.

October 21, 2024· 13:54 IST

Stock Market LIVE Updates | Allied Blenders partners with Roust Corporation to launch Russian Standard Vodka in India

October 21, 2024· 13:52 IST

October 21, 2024· 13:50 IST

Stock Market LIVE Updates | CRISIL shares snaps 2-day losing streak

October 21, 2024· 13:49 IST

Sensex Today | Nifty Information Technology index down over 1%; Coforge, MphasiS, Persistent Systems, among major losers
CompanyCMPChg(%)Volume
COFORGE LTD.6,806.00-5.61515.85k
Persistent5,284.05-4.03289.08k
MphasiS3,010.30-2.76430.14k
Infosys1,847.25-1.723.20m
TCS4,077.85-1.11.02m
HCL Tech1,847.25-0.56756.29k
LTIMindtree5,963.90-0.46193.15k

October 21, 2024· 13:47 IST

Brokerage Call | India cement sector looks set for consolidation with larger players turning aggressive: JPMorgan
#1 Urbanisation and infrastructure projects should boost medium-term demand #2 Utilisation should remain stable, despite new capacity #3 Industry should recover from recent weakness as government capex grows 40 percent YoY, post monsoon and as companies try to cut costs #4 Initiate overweight call on Ultratech, target at Rs 13,750 #5 Initiate neutral call on ACC, target at Rs 590 #6 Initiate overweight call on ACC, target at Rs 3,020 #7 Initiate neutral call on Shree Cement, target at Rs 25,175 #8 Initiate underweight call on Dalmia Bharat, target at Rs 1,550
BSE Top Sectoral Losers (Intra-day)
CompanyCMPChg(%)Volume
Keshav Cements202-7.575449
Jaiprakash Asso7.8-4.99158869
Heidelberg Cem224.1-3.5334601
Barak Vally Cem56.95-3.1516518
Nilachal Refra43-3.09191
Skyline Millars20.81-2.714237
Visaka Ind105.45-2.544451
Nuvoco Vistas344-2.3718439
Mangalam Cement826.8-2.211396
NCL Industries205.75-2.127407
Panyam Cements142.15-2278
Sagar Cement219-1.97615
Saurashtra Cem111.6-1.854765
Deccan Cements596.9-1.61177
J. K. Cement4235-1.56632
Sanghi Ind80.69-1.5432103
Udaipur Cement30.25-1.5332240
Everest Ind975-1.45653
Kakatiya Cement205-1.31295
Shree Digvijay90.92-1.2741192
NSE Top Sectoral Gainers (Intra-day)
CompanyCMPChg(%)Volume
A B Infrabuild90.44.99318000
Orient Cement3423.093132545
ACC2306.350.91142448
Niraj Cement63.50.7318357
Sahyadri Ind339.850.384987
Ramcoind247.550.15141159

October 21, 2024· 13:44 IST

Stock Market LIVE Updates | PTC Industries to acquire 100% shareholding in Trac Precision Solutions

The company has executed a Share Purchase Agreement with Rcapital, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young for the acquisition of 100 percent shareholding in Trac Precision Solutions.

Trac specializes in designing and manufacturing precision-engineered components for the aviation, defence, and power generation markets, with a presence in the United Kingdom.

October 21, 2024· 13:41 IST

Stock Market LIVE Updates | Bank of Maharashtra increases marginal cost of funds-based lending rate

The lender has increased its marginal cost of funds-based lending rate for tenure of more than six months by 5 basis points from 9 percent to 9.05 percent, effective October 19.

October 21, 2024· 13:40 IST

Stock Market LIVE Updates | Summit Securities shares up 14%; extend gains on second day

October 21, 2024· 13:38 IST

Stock Market LIVE Updates | JSW Holdings shares gain 17% on huge volume

October 21, 2024· 13:36 IST

Stock Market LIVE Updates | Fire incident at Dahej SEZ Pigment olant of Meghmani Organics

October 21, 2024· 13:35 IST

Stock Market LIVE Updates | PG Electroplast to issue equity shares or other convertible securities worth up to Rs 1,500 crore via QIP

October 21, 2024· 13:31 IST

Stock Market LIVE Updates | MOIL signs a draft JV agreement with Madhya Pradesh State Mining Corp

The company has signed a draft joint venture agreement with Madhya Pradesh State Mining Corporation (MPSMCL) for carrying out exploration and mining activities, including value addition projects in Madhya Pradesh. This agreement is subject to the approval of the respective Boards and the Government.

October 21, 2024· 13:27 IST

Sensex Today | Nifty recovers more than 100 points from day's low
CompanyCMPHigh LowGain from Day's Low
Bajaj Auto10,408.9510,829.85
9,881.40
5.34%
TATA Cons. Prod1,015.551,059.45
986.35
2.96%
Kotak Mahindra1,779.251,855.00
1,735.00
2.55%
Maruti Suzuki12,165.0012,197.95
11,944.55
1.85%
Hero Motocorp5,173.205,253.85
5,085.05
1.73%
ITC485.50487.60
477.35
1.71%
Bharti Airtel1,689.951,708.95
1,662.00
1.68%
M&M2,938.002,963.95
2,892.90
1.56%
HDFC Bank1,737.301,748.15
1,711.05
1.53%
Eicher Motors4,807.854,852.85
4,743.00
1.37%
NTPC424.65428.75
419.10
1.32%
Nestle2,363.152,366.85
2,333.00
1.29%
Shriram Finance3,309.003,383.50
3,272.00
1.13%
Coal India487.75494.75
482.35
1.12%
Asian Paints3,027.703,035.00
3,000.55
0.9%
Titan Company3,365.053,419.85
3,335.50
0.89%
UltraTechCement10,938.2511,166.65
10,845.00
0.86%
Larsen3,600.753,609.90
3,571.30
0.82%
Power Grid Corp332.15333.75
329.45
0.82%
Reliance2,736.602,741.85
2,715.45
0.78%

October 21, 2024· 13:26 IST

Stock Market LIVE Updates | BSE Sensex recovers 380 points day's low
CompanyCMPHigh LowGain from Day's Low
Kotak Mahindra1,779.301,854.95
1,735.00
2.55%
Maruti Suzuki12,170.1012,199.95
11,957.00
1.78%
Bharti Airtel1,689.951,708.00
1,661.55
1.71%
ITC485.60487.00
477.50
1.7%
HDFC Bank1,737.751,748.20
1,710.50
1.59%
M&M2,937.002,975.15
2,895.00
1.45%
NTPC424.55428.75
419.20
1.28%
Nestle2,361.902,366.65
2,333.30
1.23%
Titan Company3,367.553,439.95
3,336.20
0.94%
Asian Paints3,027.353,034.95
2,999.50
0.93%
UltraTechCement10,945.0011,158.00
10,845.30
0.92%
Larsen3,602.003,609.00
3,570.50
0.88%
Reliance2,737.552,742.35
2,716.05
0.79%
Power Grid Corp332.10334.00
329.70
0.73%
ICICI Bank1,259.351,272.55
1,250.75
0.69%
Sun Pharma1,903.501,919.80
1,891.35
0.64%
Infosys1,848.501,899.40
1,838.10
0.57%
Bajaj Finance6,750.106,953.30
6,720.00
0.45%
SBI812.50826.35
809.10
0.42%
Tata Steel155.25157.85
154.60
0.42%

October 21, 2024· 13:25 IST

Results Today | UltraTech Cement, HFCL, Jana Small Finance Bank, Solara Active Pharma among others to announce earnings today

UltraTech Cement, Union Bank of India, Bajaj Housing Finance, 360 ONE WAM, Authum Investment & Infrastructure, Aurionpro Solutions, Bhansali Engineering Polymers, CG Power and Industrial Solutions, City Union Bank, Cyient DLM, Gravita India, HFCL, Jana Small Finance Bank, Mahindra Logistics, NELCO, Route Mobile, Solara Active Pharma Sciences, and Supreme Petrochem will release quarterly earnings on October 21.

October 21, 2024· 13:23 IST

October 21, 2024· 13:20 IST

Global Markets | European Markets trade mixed

October 21, 2024· 13:18 IST

Global Markets | Asian markets end mixed; Hang Seng down 1.5%, Kospi gains

October 21, 2024· 13:17 IST

Stock Market LIVE Updates | Vinit Kumar Tiwari resigns as Chief Executive Officer of Star Cement

October 21, 2024· 13:14 IST

Earnings watch | Swaraj Engines Q2 net profit up 20.4% at Rs 45.4 crore Vs Rs 37.7 crore, YoY

October 21, 2024· 13:13 IST

Stock Market LIVE Updates | KPIT Technologies will consider fundraising on October 23

The Board will consider fundraising via the issuance of equity shares or any other instruments on October 23. Additionally, the company's wholly owned step-down subsidiary, PathPartner Technology GmbH in Germany, has been voluntarily liquidated effective October 2.

October 21, 2024· 13:10 IST

October 21, 2024· 13:08 IST

Stock Market LIVE Updates | IndusInd Bank shares fall most in 20 weeks

October 21, 2024· 13:05 IST

October 21, 2024· 13:02 IST

Markets@1 | Sensex falls 250 pts, Nifty below 24750

The Sensex was down 253.89 points or 0.31 percent at 80,970.86, and the Nifty was down 130.30 points or 0.52 percent at 24,723.70. About 1016 shares advanced, 2433 shares declined, and 129 shares unchanged.

NIFTY 50 Market Map

October 21, 2024· 13:01 IST

October 21, 2024· 12:55 IST

IPO Check | Waaree Energies IPO subscribed at 1.63 times at 12:50 PM (Day 1)

QIB –0.00 times

NII – 3.50 times

Retail – 1.78 times

Employee Reserved – 0.87 times

Overall – 1.63 times

October 21, 2024· 12:54 IST

Sensex Today | Nifty Media index down 2%; Dish TV, Zee Entertainment, PVR Inox, among major losers
CompanyCMPChg(%)Volume
Dish TV13.34-3.759.08m
Zee Entertain128.78-2.7815.42m
PVR INOX1,578.80-1.94254.63k
JagranPrakashan89.40-1.4273.57k
TV TodayNetwork219.01-0.9159.28k
Sun TV Network755.00-0.65171.82k
Network 1881.63-0.062.78m

October 21, 2024· 12:51 IST

Brokerage Call | CLSA upgrades Zee Entertainment to 'outperform', target raises to Rs 170 from Rs 150

#1 Q2 consolidated revenue was below estimates with movies -44 percent QoQ & advertising -1 percent QoQ

#2 Q2 margin jumped to 16 percent and EBITDA came in 20 percent above estimate

#3 PAT was also ahead of estimate

#5 With miss in Q2 & softness in macro ad environment, cut FY25/27 revenue estimates 7 percent

#6 Retain our EBITDA/PAT forecasts

October 21, 2024· 12:47 IST

Stock Market LIVE Updates | Emkay Global appoints Sujit Kadakia as chief business officer

Mr. Kadakia has over two decades of experience, and joins Emkay Global Financial Services from Société Générale Securities India Private Limited, where he served as Managing Director and CEO turned Co-Head of the India Office.

October 21, 2024· 12:45 IST

Brokerage Call | Goldman Sachs retains 'buy' rating on HDFC Bank, target at Rs 2,156

#1 Q2 had in-line core operating profits & a slight beat on PAT with better visibility of earnings

#2 Core PpOP RoA of 2.7 percent marked second consecutive quarter with an improvement

#3 PpOP was 2 percent ahead of consensus & in line with estimate driven by lower operating expenses

#4 Provisions 10 percent lower than consensus, PAT beat street estimates by 10 percent, in-line with estimates

#5 This was the first quarter after merger with HDFC ltd with an RoA expansion to 1.9 percent

October 21, 2024· 12:39 IST

Stock Market LIVE Updates | Zee Learn shares fall on second consecutive session

October 21, 2024· 12:37 IST

Sensex Today | NIFTY Smallcap 100 index falls 300 points from day's high
CompanyCMPHigh LowFall from Day's High
JB Chemicals1,898.551,905.25
1,881.10
-0.35%
Narayana Hruda1,280.001,286.20
1,262.20
-0.48%
Sonata609.20613.60
599.75
-0.72%
Redington175.97177.30
172.75
-0.75%
IEX190.30191.75
189.27
-0.76%
Honasa Consumer423.50426.85
422.15
-0.78%
Happiest Minds 792.75799.00
789.00
-0.78%
Piramal Pharma227.15228.99
223.50
-0.8%
RamkrishnaForge1,020.251,029.90
1,008.00
-0.94%
Birlasoft598.45604.30
587.00
-0.97%
Zensar Tech691.95699.30
685.15
-1.05%
KEC Intl988.60999.95
979.05
-1.14%
Tanla Platforms819.55829.00
815.40
-1.14%
Global Health1,062.551,075.00
1,058.00
-1.16%
Jyothy Labs513.70519.75
509.10
-1.16%
Intellect Desig859.05869.80
853.35
-1.24%
Can Fin Homes853.10865.45
848.25
-1.43%
Amara Raja Batt1,337.701,358.00
1,328.10
-1.49%
Radico Khaitan2,204.602,238.20
2,202.00
-1.5%
NCC307.15311.90
306.00
-1.52%

October 21, 2024· 12:36 IST

Stock Market LIVE Updates | Tainwala Chemicals shares up 20%; snaps 4-day fall

October 21, 2024· 12:33 IST

Stock Market LIVE Updates | GFL, Pilani Investment shares up 20% each; stock exchanges will conduct a special call auction for select investment holdcos on October 28

October 21, 2024· 12:32 IST

Brokerage Call | Citi keeps 'buy' rating on Polycab India, target raises to Rs 8,600

#1 Wires & cables margin was impacted due to higher competition in wires

#2 Demand is expected to further pick-up in H2

#3 H2 margin tend to be accretive vs H1 & management expects the same trend to continue

#4 EPC revenue contribution will remain elevated, pick-up in exports will aid in recouping margin

October 21, 2024· 12:30 IST

Sensex Today | Nifty midcap 100 index fall 500 points from day's high
CompanyCMPHigh LowFall from Day's High
Biocon343.05343.15
337.05
-0.03%
Prestige Estate1,790.501,791.90
1,760.00
-0.08%
Lupin2,204.502,206.95
2,170.90
-0.11%
ACC2,306.502,309.75
2,282.00
-0.14%
Gland1,688.701,691.00
1,662.15
-0.14%
Aurobindo Pharm1,495.951,499.50
1,464.65
-0.24%
Voltas1,873.401,877.95
1,843.00
-0.24%
Dalmia Bharat1,833.301,837.80
1,760.80
-0.24%
Jubilant Food634.80637.35
620.60
-0.4%
Syngene Intl880.25884.35
873.95
-0.46%
Mankind Pharma2,672.652,685.15
2,626.00
-0.47%
Alkem Lab6,219.306,250.00
6,099.95
-0.49%
Petronet LNG348.55350.55
344.50
-0.57%
Max Healthcare951.50957.30
939.65
-0.61%
Cummins3,715.553,738.35
3,662.20
-0.61%
Federal Bank196.01197.25
194.45
-0.63%
MRF131,162.90132,000.00
129,599.00
-0.63%
Oil India530.00533.40
521.35
-0.64%
Patanjali Foods1,764.951,778.00
1,750.55
-0.73%
Dixon Technolog15,480.1515,600.00
15,273.40
-0.77%

October 21, 2024· 12:21 IST

Brokerage Call | Nomura maintains 'buy' rating on Tech Mahindra, target at Rs 1,900

#1 Steady progress towards medium-term goals

#2 Q2 was a beat on most parameters

#3 Growth in communications was healthy

#4 Growth in enterprises vertical was healthy in the hi-tech, retail & banking vertical

#5 EBIT margin at 9.6 percent was ahead of consensus estimate of 9.2 percent

October 21, 2024· 12:20 IST

Stock Market LIVE Updates | RBL bank, Vodafone Idea, among others hit 52-week low
Company52-Week LowDay’s LowCMP
RBL Bank195.90195.90176.15
IndusInd Bank1359.951359.951,304.20
Vodafone Idea9.159.158.82
HLE Glascoat386.05386.05375.40
Ujjivan Small39.4439.4438.56
CreditAccess Gr1030.001030.001,014.90

October 21, 2024· 12:19 IST

Brokerage Call | JPMorgan keeps 'overweight' rating on Kotak Mahindra Bank, target at Rs 2,030

#1 Q2 net income was 2 percent below estimates on higher provisions and a marginal miss at core PpOP

#2 Asset quality showed strain with net slippages at 1.2 percent driven by pressures on cards & MFI

#3 CASA growth remains muted at 4 percent YoY with total deposit growth at 15 percent YoY

#4 Loan growth slowed down at margin with advances growth of 15 percent YoY

October 21, 2024· 12:16 IST

Brokerage Call | Jefferies downgrades Indiamart Intermesh to 'underperform' from 'buy', target cut to Rs 2,540

#1 Company delivered in-line Q2 results

#2 Softness continues in subscriber adds

#3 Softness in subscribers led to collections growth moderating to 5 percent YoY, key negative from Q2

#4 Collections growth is likely to range between 10-15 percent unless subscriber adds pick up

#5 Cut estimates by 4-12 percent

#6 Continued surge in subscriber churn despite multiple interventions by management has surprised negatively

October 21, 2024· 12:12 IST

Stock Market LIVE Updates | Bank of Tanzania approves sale of assets and liabilities of Canara Bank Tanzania to Exim Bank Tanzania

The Bank of Tanzania has approved the sale of assets and liabilities of Canara Bank Tanzania to Exim Bank Tanzania, leading to the eventual winding up of Canara Bank Tanzania.

October 21, 2024· 12:10 IST

Sensex Today | BSE Smallcap index down 1%; PNC Infratech, RBL Bank, Indiamart Intermesh among major losers
CompanyCMPChg(%)Volume
PNC Infratech366.70-20117.41k
Indiamart Inter2,510.00-16.8297.66k
RBL Bank176.60-14.042.07m
Jindal Saw334.50-8.44227.38k
Century Enka572.00-6.812.55k
Aether Ind870.15-5.996.92k
Jindal Stainles699.65-5.81100.04k
Va Tech Wabag1,758.00-5.2927.13k
Himatsingka Sei154.25-5.2869.81k
Dishman Carboge188.30-5.0719.98k
Motilal Oswal977.20-5.02131.16k
Best Agrolife594.55-5.0117.81k
Optiemus Infra682.25-515.51k
Panacea Biotec328.80-514.11k
Suraj Estate756.65-58.27k
Neuland Lab13,367.90-51.27k
Jaiprakash Asso7.80-4.9948.56k
KAMOPAINTS22.36-4.97151.63k
Ethos2,946.00-4.976.50k
HEG472.50-4.8960.12k

October 21, 2024· 12:09 IST

Stock Market LIVE Updates | TD Power shares gain on contract win

The company has signed a 5-year contract with an Indian entity of a Major International Company for the supply of traction motors to the European Market. The initial order worth Rs 18 crore has been received by the company for scheduled delivery in April 2025. The total business volume is expected to be around Rs 300 crore over the next 5 years.

October 21, 2024· 12:07 IST

October 21, 2024· 12:04 IST

Markets@12 | Sensex down 230 points, Nifty at 24,750

The Sensex was down 234.64 points or 0.29 percent at 80,990.11, and the Nifty was down 110.80 points or 0.45 percent at 24,743.20. About 1113 shares advanced, 2294 shares declined, and 118 shares unchanged.

NIFTY 50 Market Map

October 21, 2024· 12:03 IST

Stock Market LIVE Updates | Wipro incorporates step-down subsidiary in US

The company has incorporated its step-down subsidiary, Wipro Life Science Solutions, LLC, in the US, effective October 10, to explore new business opportunities in the life sciences segment.

October 21, 2024· 12:02 IST

IPO Check | Waaree Energies IPO fully subscribed

QIB –0.00 times

NII – 2.17 times

Retail – 1.30 times

Employee Reserved – 0.60 times

Overall – 1.11 times

October 21, 2024· 12:00 IST

Stock Market LIVE Updates | Mastek Partners with Innovaccer to transform value-based care and improve the patient experience

October 21, 2024· 11:58 IST

Stock Market LIVE Updates | Alembic Pharmaceuticals receives USFDA nod for Diltiazem Hydrochloride

The pharma company has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Diltiazem Hydrochloride extended-release capsules USP in 120 mg, 180 mg, and 240 mg. These capsules are used for the treatment of hypertension.

October 21, 2024· 11:57 IST

Stock Market LIVE Updates | Jindal Saw shares down most in 20 weeks

October 21, 2024· 11:56 IST

Brokerage Call | Morgan Stanley keeps 'overweight' rating on Tata Consumer, target cut to Rs 1,273

#1 Organic business revenue growth was weak, at 5 percent, with volume decline in tea

#2 Growth businesses' organic growth was weaker, at 15 percent

#3 Non-branded/international continued to do well

#4 Market share over margins is the key focus

#5 Rural Is recovering gradually, and urban demand has softened

October 21, 2024· 11:52 IST

Sensex Today | Nifty50 index sheds more than 200 points from day's high
NIFTY 50 Fall from Day's High
CompanyCMPHigh LowFall from Day's High
Nestle2,362.852,366.85
2,333.00
-0.17%
Apollo Hospital7,017.707,032.00
6,957.50
-0.2%
Reliance2,733.302,741.85
2,715.45
-0.31%
Asian Paints3,021.603,035.00
3,000.55
-0.44%
Eicher Motors4,828.254,852.85
4,743.00
-0.51%
Larsen3,590.953,609.90
3,571.30
-0.52%
HDFC Life751.25755.45
746.20
-0.56%
Maruti Suzuki12,128.9012,197.95
11,944.55
-0.57%
HDFC Bank1,736.901,748.15
1,711.05
-0.64%
Dr Reddys Labs6,720.006,770.00
6,686.65
-0.74%
ITC483.70487.60
477.35
-0.8%
TCS4,103.954,139.95
4,084.50
-0.87%
Bharat Elec284.85287.45
283.50
-0.9%
Power Grid Corp330.30333.75
329.85
-1.03%
Hero Motocorp5,195.455,253.85
5,085.05
-1.11%
Grasim2,732.852,765.40
2,714.00
-1.18%
Sun Pharma1,896.251,920.55
1,891.00
-1.27%
M&M2,926.152,963.95
2,892.90
-1.28%
Tata Motors905.15917.65
900.00
-1.36%
HUL2,699.752,738.00
2,680.45
-1.4%

October 21, 2024· 11:51 IST

Stock Market LIVE Updates | BSE Sensex falls 700 points from day's high
SENSEX Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
Kotak Mahindra1,770.65-5.3177.69k
IndusInd Bank1,308.50-2.8351.39k
Bajaj Finance6,751.90-2.1123.60k
UltraTechCement10,858.10-1.8313.91k
Infosys1,844.55-1.8362.57k
Bajaj Finserv1,787.00-1.8151.36k
Bharti Airtel1,680.50-1.5435.50k
M&M2,925.95-1.2834.07k
SBI812.60-0.9205.60k
ICICI Bank1,253.85-0.74108.76k
JSW Steel985.40-0.7127.11k
Sun Pharma1,896.80-0.685.33k
HUL2,698.80-0.6214.09k
Tata Motors904.85-0.57184.75k
ITC483.90-0.5772.83k
Power Grid Corp330.30-0.543.49k
NTPC422.65-0.4988.29k
TCS4,106.25-0.3815.65k
Titan Company3,368.40-0.348.98k
Axis Bank1,192.75-0.21122.99k
SENSEX Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
HDFC Bank1,737.203.33425.84k
Asian Paints3,020.801.018.62k
Tech Mahindra1,705.001.01117.03k
Wipro553.300.841.07m
Reliance2,732.750.56108.01k
Nestle2,362.500.5519.21k
Larsen3,595.050.5332.86k
Maruti Suzuki12,128.600.213.26k
HCL Tech1,857.550.0216.96k

October 21, 2024· 11:50 IST

Stock Market LIVE Updates | Tata Chemicals shares gain most in 7 months on reports of Tata Sons likely proceed with an IPO

October 21, 2024· 11:48 IST

Sensex Today | BSE Oil & Gas index sheds 1%; BPCL, IOC, ONGC top losers
CompanyCMPChg(%)Volume
BPCL332.10-3.08223.71k
IOC161.60-2.21303.49k
ONGC277.50-2168.34k
Adani Total Gas724.60-1.2238.24k
Oil India527.85-1.12112.08k
IGL447.30-1.0365.51k
HINDPETRO429.30-0.4963.32k
Petronet LNG347.55-0.4621.04k

October 21, 2024· 11:46 IST

Stock Market LIVE Updates | JSW Steel JV arm to acquire 100% stake in thyssenkrupp Electrical Steel India

Jsquare Electrical Steel Nashik, a wholly owned subsidiary of JSW JFE Electrical Steel—a 50:50 joint venture between JSW Steel and JFE Steel Corporation—has entered into a share purchase agreement to acquire 100 percent stake in thyssenkrupp Electrical Steel India for Rs 4,051.4 crore.

October 21, 2024· 11:44 IST

Stock Market LIVE Updates | Dodla Dairy completes acquisition of a 35.23-acre land parcel in Dharashiv, Maharashtra, for setting up a plant

October 21, 2024· 11:40 IST

Stock Market LIVE Updates | Godrej Properties acquires 3 acres of land in Ahmedabad

The company has acquired 3 acres of land in Ahmedabad, which has a development potential of 0.9 million square feet of saleable area. This area comprises premium residential apartments with an estimated booking value of Rs 1,300 crore.

October 21, 2024· 11:30 IST

Waaree Energies IPO: Issue subscribed 50% within first hour of Day 1; NII portion fully booked

Waaree Energies' Rs 4,321-crore initial public offer (IPO) was off to a robust start on October 21, the first day of bidding, after the issue was subscribed 50 percent within just an hour of opening. The public offer drew bids for 1.08 crore shares as against 2.1 crore shares on offer, showed exchange data. READ MORE

October 21, 2024· 11:26 IST

Stock Market LIVE Updates | Tech Mahindra, HCL Tech top stocks that hit 52-week highs
NIFTY 50 Stocks touched 52-week high
Company52-Week HighDay’s HighCMP
Tech Mahindra1761.851761.851,695.95
HCL Tech1888.501888.501,859.80

October 21, 2024· 11:15 IST

Stock Market LIVE Updates | Nifty FMCG worst sectoral performer at this hour
NSE Indian Indices Performance
IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY Auto25228.00
0.32
35.50
-4.67
-4.42
52.92
NIFTY IT41937.70
-0.4
18.08
-2.18
-0.63
33.27
NIFTY Pharma23284.70
-0.31
38.34
-1.67
1.21
54.13
NIFTY FMCG60379.45
-1.09
5.95
-3.20
-8.34
16.51
NIFTY PSU Bank6635.55
-0.54
16.14
0.05
0.11
34.05
NIFTY Metal9674.10
-0.82
21.26
-2.33
2.87
44.12
NIFTY Realty1047.80
0.05
33.81
-0.90
-4.88
74.82
NIFTY Energy41045.50
-0.39
22.64
-1.18
-4.21
52.27
NIFTY Infra9152.75
-0.32
25.32
-0.62
-3.20
47.42
NIFTY Media2016.80
-1.24
-15.55
-1.93
-2.24
-12.47

October 21, 2024· 11:10 IST

Stock Market LIVE Updates | Smallcap index underperform benchmarks
NSE Indian Indices Performance
IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY 5024810.35
-0.18
14.17
-1.26
-3.80
26.95
NIFTY BANK52117.80
0.05
7.92
0.58
-3.11
19.20
NIFTY Midcap 10058592.30
-0.1
26.87
-1.47
-2.68
46.93
NIFTY Smallcap 10018942.00
-0.71
25.08
-0.78
-2.02
46.53
NIFTY NEXT 5073937.55
-0.47
38.60
-2.27
-2.05
65.97

October 21, 2024· 11:03 IST

Stock Market LIVE Updates | CG Power to consider fundraising on October 21

The Board will meet on October 21 to consider fundraising via the issuance of equity shares, debentures, warrants, preference shares, or any other equity-linked securities.

October 21, 2024· 11:00 IST

Markets@11 | Sensex, Nifty trade flatThe Sensex was up 44.04 points or 0.05 percent at 81,268.79, and the Nifty was down 27.80 points or 0.11 percent at 24,826.20. About 1234 shares advanced, 2117 shares declined, and 112 shares unchanged.z
NSE Volume Shockers
CompanyCMP Chg(%)Today Vol 5D Avg VolVol Chg(%)
DB (Int) Stock52.80
2.88%
1.04m
28,116.40
3,595.00
ABSL Life Gold69.58
0.91%
845.91k
24,627.60
3,335.00
Banaras Beads133.55
-7.41%
183.65k
7,162.40
2,464.00
SIL Invest808.50
10.61%
246.93k
12,493.20
1,877.00
GFL115.79
16.43%
4.11m
216,065.00
1,802.00
Tejas Networks1,348.00
13.5%
7.46m
434,697.80
1,617.00
Tata Chemicals1,196.50
9.96%
12.56m
746,494.40
1,582.00
Blue Pebble330.55
-4.23%
133.60k
8,960.00
1,391.00
Indigo Paints1,650.90
5.36%
588.59k
42,574.00
1,283.00
Thomas Scott258.23
5%
46.00k
4,062.40
1,032.00
Ausom Enterp157.66
-0.74%
24.93k
2,554.00
876.00
ABSL SIL ETF98.06
5.15%
664.62k
78,904.20
742.00
Indiamart Inter2,561.10
-15%
2.70m
337,381.60
699.00
Pilani Invest7,280.00
15.92%
93.92k
12,205.20
669.00
Hercules Hoists225.50
-2.06%
153.23k
21,079.60
627.00
Sangani HOSP74.55
5%
48.00k
6,600.00
627.00
SecMark Consult118.50
6.1%
18.93k
2,848.60
564.00
HEG475.20
-4.26%
518.42k
80,062.40
548.00
TATA Cons. Prod994.05
-9.07%
5.45m
844,535.00
545.00
ESILVER98.30
4.59%
68.61k
10,882.80
530.00

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