ITC reported strong topline performance with 16.7% YoY revenue growth to INR 207,359 Mn, beating estimates, but adj. net profit missed estimates due to higher depreciation and lower other income, leading to a 4.6%/2.6% reduction in FY25E/26 EPS estimates. The target price remains at INR 534/share, maintaining an "ACCUMULATE" rating.

Shares of ICICI Bank, the country second largest private sector bank popped up 3.1% to ₹1294.55 apiece in today’s early morning trade, October 28, following the bank’s September quarter results, which surpassed street estimates and prompted analysts to raise their target prices for the stock. Analysts raised target prices, with a 'buy' rating maintained.

Private sector lender IDFC First Bank saw its shares crack over 9 percent in the morning session on October 28, after the bank reported a 73 percent decline in its September quarter standalone net profit. IDFC First Bank reported a net profit at Rs 200.7 crore compared to Rs 751 crore reported by it in the year ago period. The Net Interest Income (NII) increased 21 percent to Rs 4,788 crore in Q2.

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 291.35 points or 0.37% at 79,693.64. Nifty is higher by 71.50 points or 0.30% at 24,252.30. 📈 Bandhan Bank (⬆️6.71%), Shriram Finance (⬆️6.39%) and REC (⬆️4.11%) appeared as the top performers on the Nifty50 at the open. DLF, Yes Bank stocks are in focus today.

📌IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore. 📌REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore. 📌The Board of Sky Gold approved a bonus issue of shares in the proportion of 9:1. 📌Suven Pharma received NCLT approval for the merger of Casper Pharma with the company.

📌GIFT Nifty (Earlier SGX Nifty) signals a muted start. 📌India VIX rose 5% to settle at 14.63 levels. 📌The Nasdaq ended higher on Friday, driven by megacap shares. 📌Foreign portfolio investors turned net sellers at Rs 3,036 crore on Friday. 📌DIIs bought shares worth Rs 4159 crore. 📌The rupee edged lower by just 1 paisa to settle near all-time low at 84.08 against the US dollar on Friday.

The shares of Waaree Energies will debut on the exchanges today. Ahead of the listing, the company's shares are trading with a GMP of Rs 1225 in the grey market. Considering the upper price band of Rs 1503, the stock is expected to list at 81% premium over the issue price. The Rs 4321 crore IPO received an overwhelming response from investors by receiving bids worth Rs 2.41 lakh crore.

China's central bank announced on Monday it had activated its open market outright reverse repo operations facility and would use it to trade with primary dealers in open market operations on a monthly basis. The bank took the decision to maintain a reasonable abundance of liquidity in the banking system and further enrich the central bank's monetary policy toolbox, it said in a statement.

Yes Bank shares are expected to remain in focus as the private lender reported a 145% jump in its September quarter standalone net profit at Rs 553 crore versus Rs 225.21 crore reported by it in the year ago period. The interest earned by the lender during the quarter stood at Rs 7,730 crore which was up 15% over Rs 6,711 crore reported in the corresponding quarter of the previous financial year.

Japanese stocks rose strongly on Monday as the yen sank to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority in a drubbing in Sunday's election, raising uncertainty over the path for policy and the economy. The Nikkei share average rose 1.5% to 38,492.25 as of 0039 GMT, and was earlier up nearly 2%. It had opened 0.4% lower.

Shares of Sun Pharma will be in focus as the company will announce its results for the July-September 2024 period later today. Analysts expect the company to report healthy revenue growth during the second quarter, driven by the domestic business with favourable seasonality and growing volumes. Revenue from operations is likely to jump 10% Y/Y, according to an average estimate of four brokerages.

KRN Heat Exchanger and Refrigeration's share price is expected to remain in focus after its subsidiary signed an MoU with the Government of Rajasthan for a proposed Rs 1,000 crore investment in a heat exchanger manufacturing project, with the government facilitating necessary permissions and clearances.

Bengaluru's Chief Minister Siddaramaiah announces a new law to curb illegal constructions in the city following recurring rain-related disasters, empowering authorities to crack down on illicit buildings, and unveils a Rs 669 crore plan to develop city roads and a Rs 275 crore action plan to widen bridges and improve lake conditions.

In a move that brings relief to property owners in the city, Bruhat Bengaluru Mahanagara Palike (BBMP) has eliminated the mandatory requirement of an encumbrance certificate (EC) for e-khata applications.This decision is set to streamline the process by removing the need for property owners to obtain an EC, which often involves delays and fees of up to Rs 5,000, particularly.

Godawari Power and Ispat Ltd (GPIL) reported a 38.1% year-on-year (YoY) decline in net profit for Q2 FY24, totaling ₹159.1 Crore compared to ₹256.9 Crore in Q2 FY23. Revenue from operations also fell by 1.8%, amounting to ₹1,267.6 Crore, down from ₹1,291 Crore in the same quarter of the previous fiscal year. Godawari Power and Ispat Ltd shares has witnessed a total of 42% in the last one year.