Benchmark indices Sensex and Nifty ended nearly 1 percent lower on Friday, weighed down by concerns over escalating tensions in the Middle East. Banking, FMCG, and auto stocks were the hardest hit, while IT stocks offered brief support amid the broader market weakness. The indices showed signs of recovery during the afternoon session, with both trading higher. However, the gains were short-lived as selling pressure returned, dragging the markets down by the end of the session. The BSE Sensex closed 808.65 points points lower, or 0.98 percent, at 81,688.45, while the NSE Nifty dropped 200.25 points to settle at 25,049.85. Market breadth remained weak, with 1,579 shares advancing, 2,370 declining, and 105 remaining unchanged on the BSE.
2/11
Realty | Nifty Realty was among the top sectoral loser, falling 1.72 percent. Godrej Properties declined 5.80%, Raymond (3.57%), DLF (2.18%), Oberoi Realty by nearly 1.80%.
3/11
Bajaj Finance was the top loser, dragging the Nifty pack today. It fell 2.86 percent even after Q2 updates showed new loans booked during the quarter for the company grew 14 percent in Q2FY25.
4/11
Angel One share price fell 3.18 percent after the broking firm's business update showed a dip in average daily orders on a month-on-month and quarter-on-quarter basis.
Shares of VIP Industries settled 7.95 percent higher after the company partnered with Unicommerce to streamline its post-purchase ecommerce operations.
6/11
Shares of Bank of Baroda settled 2.10 percent higher after the public sector lender released its business update for the second quarter of FY25. During the July-September quarter, Bank of Baroda posted a significant increase in its global advances, which grew by 11.6 percent year-on-year (YoY) to Rs 11.43 lakh crore. The domestic advances also rose by 12.51 percent to Rs 9.39 lakh crore.
7/11
Infosys was top gainer in the Nifty 50 pack today amid a broader rally in the IT stocks today. It settled 1.51 percent higher.
8/11
ONGC was among the top gainers in Nifty 50 pack today on rising crude oil prices due to escalating middle east conflict. It settled 1.18 percent higher.
Asian Paints and other paint stocks tumbled today on rising crude oil price. Crude oil prices affect the decorative paint business because it is a raw material-intensive industry. Asian Paints stock settled lower by 2.40 percent.
10/11
Shares of Avenue Supermarts, the operator of DMart fell 4.40 percent Brokerages delivered a divided outlook on DMart’s stock following the supermarket chain's Q2FY25 business update on Thursday. It reported a 14 percent year-on-year growth in standalone revenues to Rs 14,050 crore for the quarter ended September 2024. However, several analysts highlighted concerns over the pace of growth.
11/11
Shares of Mahindra & Mahindra Financial Services reeled under selling pressure on October 4, dropping nearly 7 percent after the company's asset quality as well as growth faltered in the July-September period.
