Sensex, Nifty Decline After Short-Lived Rebound
Indian equity benchmarks closed lower, dragged by metals, energy and basic materials stocks, in a volatile session. Focus shifts to two-day FOMC meeting which begins later today, as taper announcement is expected.
The S&P BSE Sensex index fell 0.18% to 60,029.06. The NSE Nifty 50 Index declined by similar magnitude to 17,888.95. The 50-stock gauge rose above 18,000 in intraday trade for the first time in three sessions. Reliance Industries Ltd. contributed the most to the index decline, decreasing 1.5%. Tata Steel Ltd. had the largest drop, falling 3.8%. Today, 28 of 50 shares fell, while 22 rose.
The broader indexes outperformed their larger peers with the S&P BSE MidCap index adding over 0.5% and the S&P BSE SmallCap index gaining over 1%. Twelve out of the 19 sectoral indexes compiled by BSE Ltd. advanced, with the S&P BSE Realty rising over 3.5%.
The market breadth was skewed in favour of bulls. About 1,952 stocks advanced, 1,301 declined and 148 remained unchanged.
BSE Signs MoU With HDFC Bank To Promote Listing Of Start-Ups & SMEs
BSE signed a MoU with HDFC Bank to further encourage and promote listing of start-ups and SMEs across India.
Through this MoU, HDFC Bank and BSE will evaluate banking and lending solution for start-ups undergoing listing process on start-ups and SME platform.
HDFC Bank will identify potential start-ups and SMEs and assist them to partner with intermediaries to list on BSE.
Under th MoU, both BSE and HDFC Bank have agreed to conduct and participate in joint outreach activities and contribute to each other's publications on the Start-up ecosystem in India.
Source: Exchange Filing
Moody's Upgrades Macrotech Developers To B3; Outlook Positive
Moody's upgraded Macrotech Developers Ltd.'s corporate family rating to B3 from Caa1.
Outlook on the ratings is positive.
Upgrade reflects an improvement in Macrotech's credit profit due to debt reduction measures by the management and strong recovery in its operating performance
Source: Moody's Statement
NSE Nifty Bank Index Edges Higher
Century Plyboards Jumps On Q2 Beat
Shares of Century Plyboards India Ltd. rose 4.68% in intraday trade to Rs 600 apiece after the company reported net income for the September quarter above average analyst estimate.
Second Quarter Results (Consolidated, QoQ)
Net profit at Rs 99.43 crore vs Rs 31.07 crore (Bloomberg Consensus Estimate: Rs 72.4 crore)
Revenue at Rs 813.64 crore vs Rs 457.74 crore (Estimate: Rs 650 crore)
Total costs at Rs 674.54 crore vs Rs 418.50 crore
Other income at Rs 6.54 crore vs Rs 5.23 crore
Of the 20 analysts tracking the company, 16 maintained 'buy' and four maintained 'hold' recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 23.5%
Jindal Steel & Power Q2 Revenue In-Line With Analyst Estimate
Dabur India Q2 Net Income Beats Analyst Estimate
Defence Acquisition Council Approves Proposals Worth Rs 7,965 Crore To Modernise Armed Forces Under 'Make In India'
Jyothy Labs Q2 Net Income Misses Analyst Estimate
PI Industries Slips The Most In 18 Months After Cancelling Proposal To Buy Ind Swift Laboratories
HPCL Q2 Net Income Beats Estimate
Sun Pharma Jumps On Q2 Beat
Bank Of India Jumps After Reporting Growth In Net Profit In September Quarter
European Markets Open Higher As Investors Eye Key Earnings, FOMC Meeting
Mid-Day Market Update: Sensex, Nifty Little Changed; Reliance Leads Decline
Sapphire Foods India Sets Price Range For Rs 2,073 Crore IPO
Allcargo Logistics Jumps After Reporting Sequential Growth In Net Profit & Revenue In September Quarter
Analyst Action: Cholamandalam, PI Industries, Dr. Reddy's
Poonawalla Fincorp Raises Rs 250 crore Through Commercial Paper Issuance
Broader Indices Outperform Their Larger Peers
Rupee Bonds Advance Amid Lower Weekly Debt Supply
Analyst Action: Oberoi Realty, AIA Engineering
PolicyBazaar IPO Subscription Status: Day 2 Live Updates
SJS Enterprises IPO Subscription Status: Day 2 Live Updates
Fino Payments Bank IPO Subscription Status: Day 3 Live Updates
Delhivery Files Draft Documents For Rs 7,460-Crore IPO
Godrej Properties Q2 Net Income Misses Analyst Estimate
Kotak Special Situations Fund To Invest Rs 1,000 Crore In Sify Infinit Spaces
India Yields Mostly Lower
All Constituents Of S&P BSE Realty Index Advance
Jefferies: NTPC's ESG Focus, Listing Plans To Aid Rally
Bajaj Consumer Slips On Q2 Miss
Analyst Action: Castrol India, PI Industries, Escorts
Stocks Linked To Renewable Energy, Transition Fuels Advance
Sun Pharma, Dr. Reddy's Lead The Decline In NSE Nifty Pharma Index
VRL Logistics Climbs 13% On Q2 Beat
Tata Motors Climbs Despite Posting Loss In Q2 As Analysts Expect A Rebound In India Business
Auto Stocks Advance; NSE Nifty Auto Index Up Over 1%
Opening Bell: Sensex, Nifty Open Higher; Autos, Consumer Durables Advance
RattanIndia Backed Revolt To Open Dealerships In Five New Cities
Rupee Traders To Weigh Wider October Trade Deficit
Analyst Action: Voltas, Oberoi Realty, Exide Industries
In Focus: Food Stocks As Wheat Price Hits Highest Since 2012
In Focus: Stocks Linked To Renewable Energy After PM Modi's Net-Zero Emission By 2070 Vow
Analyst Action: Aarti Industries, AIA Engineering, Finolex Industries
SGX Nifty Hints At Opening Gains; Tata Motors, Bajaj Consumer, Hero Moto In Focus
- Sun Pharma Jumps On Q2 Beat
- Allcargo Logistics Jumps After Reporting Sequential Growth In Net Profit & Revenue In September Quarter
- PolicyBazaar IPO Subscription Status: Day 2 Live Updates
- VRL Logistics Climbs 13% On Q2 Beat
- Tata Motors Climbs Despite Posting Loss In Q2 As Analysts Expect A Rebound In India Business