Top Gainers and Losers today on 29 October, 2024
Tue, Oct 29, 2024 5:20 PM

Top Gainers and Losers today on 29 October, 2024

📌The top gainers within the Nifty index included SBI (up 5.13%), Bharat Electronics (up 5.04%), Eicher Motors (up 3.76%), SBI Life Insurance Company (up 3.45%), and HDFC Life Insurance Company (up 3.36%). 📌Conversely, the top losers were Tata Motors (down 4.06%), Maruti Suzuki India (down 3.81%), Hero Motocorp (down 2.85%), Dr. Reddy's Laboratories (down 2.81%), and Cipla (down 1.70%).

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Adani Enterprises announces Rs 2,000 crore fundraise via NCDs
Tue, Oct 29, 2024 5:17 PM

Adani Enterprises announces Rs 2,000 crore fundraise via NCDs

The board of Adani Enterprises today approved a fundraise via public issuance of NCDs worth Rs 2,000 crore along with the withdrawal of its draft scheme of arrangement with Adani Wilmar. Adani Enterprises had previously announced that it will demerge its Food FMCG business with all associated activities, assets, liabilities and strategic investments in Adani Commodities LLP to Adani Wilmar.

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Samvat 2081: Precious metals lead commodity surge
Tue, Oct 29, 2024 5:15 PM

Samvat 2081: Precious metals lead commodity surge

Commodity markets are surging on expectations of robust demand ahead, with gold prices reaching record highs in global and Indian markets. Silver has also surged, outperforming other metals in 2024 so far. Factors like fiscal instability, de-dollarisation, and geopolitical tensions have driven these gains.

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India Ka Super OTT App, OTTplay Premium partners with JioCinema
Tue, Oct 29, 2024 5:14 PM

India Ka Super OTT App, OTTplay Premium partners with JioCinema

OTTplay Premium, India’s Super OTT App and leading AI-based recommendation engine, is delighted to announce a strategic partnership with JioCinema, further strengthening its content portfolio and enhancing the streaming experience for its users. With this partnership, OTTplay Premium subscribers will now have access to JioCinema’s premium content library.

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Marico Q2 Results: FMCG giant’s net profit jumps 20% to ₹433 crore
Tue, Oct 29, 2024 5:08 PM

Marico Q2 Results: FMCG giant’s net profit jumps 20% to ₹433 crore

Marico reported a 20.3% rise in consolidated net profit to ₹433 crore for the quarter ending September 2024, up from ₹360 crore in the same period last year, as per its exchange filing on Tuesday. Total income increased to ₹2,746 crore in the reporting period, up from ₹2,514 cr a year ago. Revenue from operations rose by 7.6% to ₹2,664 crore, compared to ₹2,476 crore in the same quarter last year.

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Technical View: Nifty needs decisive close above 24,500
Tue, Oct 29, 2024 5:05 PM

Technical View: Nifty needs decisive close above 24,500

After volatility since opening, the Nifty 50 gained strength in the last couple of hours of trade and closed half a percent higher, though it still traded within the previous day's range. The index needs to decisively close above 24,500, a key hurdle that also coincides with the 100-day EMA, for further rallies towards the 24,600 mark, followed by the 24,800-24,900 zone.

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Nifty Bank rallies over 1,000 points led by ICICI Bank, HDFC Bank, SBI
Tue, Oct 29, 2024 5:04 PM

Nifty Bank rallies over 1,000 points led by ICICI Bank, HDFC Bank, SBI

The Nifty Bank index surged over 1,000 points, led by ICICI Bank and HDFC Bank, with ICICI Bank contributing over 400 points to the gains, and State Bank of India rallying 5%. The Nifty Bank has reached the higher end of the 51,000-52,500 range, driven by positive earnings reports and improved sentiments around PSU Banks.

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HUDCO's Q2 Net Profit Flies 52% To ₹688 Cr, Shares Rocket
Tue, Oct 29, 2024 5:03 PM

HUDCO's Q2 Net Profit Flies 52% To ₹688 Cr, Shares Rocket

HUDCO reported its earnings for the quarter ended September just before market close on Tuesday. Shares of the company skyrocketed as soon as the results came out. What Happened: The company's net profit for the quarter under review stood at ₹688 crore, a 52% jump from the ₹452 crore posted in the same quarter last year.

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✅ Sensex surges 364 points at the Close; Nifty near 24,500
Tue, Oct 29, 2024 3:41 PM

✅ Sensex surges 364 points at the Close; Nifty near 24,500

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 363.99 points or 0.45% at 80,369.03, and the Nifty was up 127.70 points or 0.52% at 24,466.85. 📊 Among sectoral, Nifty PSU Bank (⬆️3.64%) turned out to be the best performer while Nifty Auto (⬇️1.57%) saw considerable selling.

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IGL shares rally 5% even as Q2 net profit declines 18% YoY
Tue, Oct 29, 2024 3:08 PM

IGL shares rally 5% even as Q2 net profit declines 18% YoY

Shares of Indraprastha gas rose 5% to their day’s high of Rs 425.50 on BSE even as the company reported a year-on-year fall of 17.8% in its net profit to Rs 454.1 crore for the second quarter of the financial year 2025.The profit for the same quarter of the previous year was reported at Rs 552.6 crore. However, IGL’s revenue witnessed a rise of 7% YoY to Rs 4,088 crore for the quarter.

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Ola Electric Skids Below IPO Price, Down 50% From All-Time High
Tue, Oct 29, 2024 3:04 PM

Ola Electric Skids Below IPO Price, Down 50% From All-Time High

Ola Electric Mobility‘s shares have fallen below its listing price of ₹76 on Tuesday. What Happened: Ola Electric’s shares have fallen 3.54% to an intraday low of ₹74.84 on Tuesday, sliding below the company’s listing price of ₹76. The shares have fallen 7% in the week and 50% from its all-time high of ₹157.40 in August.

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Realty developer Anant Raj to raise up to Rs 2,000 crore via QIP
Tue, Oct 29, 2024 3:03 PM

Realty developer Anant Raj to raise up to Rs 2,000 crore via QIP

Listed realty developer Anant Raj Ltd will raise up to Rs 2,000 crore via Qualified Institutional Placement (QIP) for expansion and development of projects.Earlier this year, the company had raised Rs 500 crore QIP and used part of the funds raised to bring down the debt and working capital requirements.The company has plans to invest around Rs 1,000 crore to develop a total of four projects.

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Cipla's Q2 Net Profit Climbs 15.2% To ₹1,302.53 Cr, Beats Estimates
Tue, Oct 29, 2024 3:01 PM

Cipla's Q2 Net Profit Climbs 15.2% To ₹1,302.53 Cr, Beats Estimates

Cipla posted a 15.2% rise/decline in its net profit for the second quarter of the financial year, though shares were still in the red on Tuesday. What Happened: India’s third-largest pharmaceutical company said its net profit attributable to owners came in at ₹1,302.53 crore for the quarter ended September, compared with the ₹1,130.91 crore it earned in the same period last year.

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Tata Motors, Bajaj Auto and 12 other Nifty Auto stocks tumble up to 6%
Tue, Oct 29, 2024 3:00 PM

Tata Motors, Bajaj Auto and 12 other Nifty Auto stocks tumble up to 6%

After a brief rally on Monday, auto stocks resumed their downward trend on Tuesday, October 29, with 14 out of 15 constituents of the Nifty Auto index trading in the red. These stocks declined between 1% to 6%, with the index plunging 2.70% to 23,300—a level last seen in early June. Tata Motors led the decline with a 6% drop, followed closely by Bajaj Auto, Hero MotoCorp, and more.

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Smallcap stock Bharat Seats to consider bonus share issue on November 5
Tue, Oct 29, 2024 2:19 PM

Smallcap stock Bharat Seats to consider bonus share issue on November 5

Bharat Seats' board will consider issuing bonus shares in its November 5 meeting, with shareholders who purchase before the ex-date eligible to receive the shares; the company will also approve its Q2 results in the same meeting. Bharat Seats had last issued bonus shares in 2007 and its stock has risen 42% in the last year.

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