SENSEX 79,486.32 55.47 (-0.07%)
INDIA VIX 14.47 0.47 (-3.15%)
NIFTY 200 13,602.30 79.45 (-0.58%)
NIFTY 50 24,148.20 51.15 (-0.21%)
NIFTY AUTO 23,805.20 7.30 (-0.03%)
NIFTY BANK 51,561.20 355.30 (-0.68%)
NIFTY ENERGY 38,403.65 586.90 (-1.51%)
NIFTY FIN SERVICE 23,834.55 132.05 (-0.55%)
NIFTY FMCG 58,359.40 179.15 (0.31%)
NIFTY INFRA 8,709.40 58.30 (-0.66%)
NIFTY IT 42,050.15 297.75 (0.71%)
NIFTY MEDIA 1,960.70 41.90 (-2.09%)
NIFTY METAL 9,308.90 83.95 (-0.89%)
NIFTY PHARMA 22,542.25 15.30 (0.07%)
NIFTY PSU BANK 6,845.20 137.55 (-1.97%)
NIFTY PVT BANK 25,186.75 87.85 (-0.35%)
NIFTY REALTY 967.65 28.90 (-2.90%)
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How to Earn in Stock Market

#STREETGAINS #MARKETSVIEW #24OCTOBER2024

October 24, 2024

INDIAN MARKETS:

On October 23, At close, the Sensex was down 138.74 points or 0.17 percent at 80,081.98, and the Nifty was down 36.60 points or 0.15 percent at 24,435.50.

 

US MARKETS:

The Dow Jones Industrial Average fell 409.94 points, or 0.96%, to 42,514.95, the S&P 500 lost 53.78 points, or 0.92%, to 5,797.42 and the Nasdaq Composite lost 296.47 points, or 1.60%, to 18,276.65

 

ASIAN MARKETS:

Topix up 0.05%, Nikkei up 0.31%, Taiwan down 0.27%, Kospi up 0.08%.

 

OIL & GAS UPDATES:
US West Texas Crude increased by 1.07%.  Brent Crude increased by 0.95%.

KEY QUARTERLY EARNINGS:

Hindustan Unilever Q2 (Standalone YoY): Profit declined 3.9% to ₹2,612 crore, revenue up 1.5% at ₹15,508 crore, EBITDA fell 1.3% to ₹3,647 crore, margins dropped by 70 bps to 23.5%, volume growth at 3%, interim dividend ₹29/share.

 

Sona BLW Precision Forgings Q2 (Consolidated YoY): Profit up 15.7% to ₹143.6 crore, revenue rose 17.1% to ₹922.2 crore, EBITDA grew 14.7% to ₹252.3 crore, margin dipped to 27.4%.

 

Dr Lal PathLabs Q2 (Consolidated YoY): Profit up 18.2% to ₹131 crore, revenue grew 9.8% to ₹660 crore, EBITDA rose 13.9% to ₹202 crore, margin improved to 30.7%, interim dividend ₹6/share.

 

Birlasoft Q2 (Consolidated QoQ): Profit fell 15.1% to ₹127.5 crore, revenue increased 3.07% to ₹1,368.2 crore.

 

Birla Corporation Q2 (Consolidated YoY): Loss of ₹25.2 crore vs profit of ₹58.4 crore, revenue down 14.5% to ₹1,952.6 crore.

 

AU Small Finance Bank Q2 (YoY): Profit surged 42.2% to ₹571.2 crore, revenue up 58.1% to ₹1,974.4 crore, gross NPA rose to 1.98%, net NPA at 0.75%.

 

Fedbank Financial Services Q2 (YoY): Profit up 12% to ₹64.6 crore, net interest income rose 28% to ₹264.9 crore.

 


KEY STOCKS TO WATCH:

- Escorts Kubota: Transferred railway equipment business to Sona Comstar for ₹1,600 crore, focusing on agri and construction sectors.

 

- NLC India: Joint venture with Rajasthan Rajya Vidyut for 3x125 MW lignite-based power station and 2,000 MW renewable projects.

 

- Crest Ventures: Capri Global bought 0.52% stake at ₹470 per share.

 

FII/DII DATA:

1. FIIs net SOLD Rs 5,684 crore worth shares on 23 October

2. DIIs net BOUGHT Rs 6,040 crore worth shares on 23 October.

Thank you, have a great Trading Day ahead!!


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