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%)
how a stock market advisor can turn your investmen
How to Earn in Stock Market

#STREETGAINS #MARKETSVIEW #29OCTOBER2024

October 29, 2024

INDIAN MARKETS:

On October 28, At close, the Sensex was up 602.75 points or 0.76 percent at 80,005.04, and the Nifty was up 158.35 points or 0.65 percent at 24,339.15.

 

US MARKETS:

The S&P 500 gained 15.4 points, or 0.27%, to 5,823.52, while the Nasdaq Composite gained 48.58 points, or 0.26%, to 18,567.19. The Dow Jones Industrial Average rose 273.17 points, or 0.65%, to 42,387.57.

 

ASIAN MARKETS:

The previous close saw the Topix rise by 0.37%, the Nikkei gain 0.13%, the Hang Seng edge up by 0.61%, Taiwan decreased by 1.14%, and the Kospi also declined by 0.29%.

 

OIL & GAS UPDATES:
US West Texas Crude increased by 0.52%.  Brent Crude increased by 0.55%.

KEY QUARTERLY EARNINGS:

Bharti Airtel Q2 (QoQ)

Profit down 13.6% to Rs 3,593.2 crore; revenue up 7.7% to Rs 41,473.3 crore; EBITDA increased 10.4% to Rs 22,020.9 crore with margin at 53.1%; exceptional loss of Rs 853.7 crore compared to a prior gain; other income at Rs 254.7 crore, tax expenses rose to Rs 1,744 crore.

 

Federal Bank Q2 (YoY)

Profit up 10.8% to Rs 1,057 crore; net interest income grew 15.1% to Rs 2,367 crore; gross NPA at 2.09%, net NPA at 0.57% (QoQ).

 

JSW Infrastructure Q2 (YoY)

Profit rose 46% to Rs 371.5 crore; revenue up 18% to Rs 1,001.4 crore.

 

Tata Technologies Q2 (YoY)

Profit declined 1.9% to Rs 157.4 crore; revenue grew 2.2% to Rs 1,296.5 crore; EBITDA up 10% to Rs 235.5 crore with margin at 18.2%; collaborated with Air India for aircraft transformation.

 

Suzlon Energy Q2 (YoY)

Profit surged 96.1% to Rs 200.6 crore; revenue jumped 47.7% to Rs 2,093 crore.

 

Adani Power Q2 (YoY)

Profit down 50% to Rs 3,297.5 crore; revenue up 2.7% to Rs 13,338.9 crore; other income declined to Rs 724 crore; tax expenses at Rs 836.6 crore.

 

Kalpataru Projects International Q2 (YoY) 

Profit up 40% to Rs 126 crore; revenue grew 9% to Rs 4,930 crore; EBITDA rose 18% to Rs 438 crore with margin at 8.9%.

 


KEY STOCKS TO WATCH:

 

Tata Power: The company has signed a Share Purchase Agreement to acquire a 40% stake in Khorlochhu Hydro Power (KHPL) for ₹830 crore, with the investment to be made in one or more tranches.

 

Infosys: Infosys has completed the acquisition of Germany-based Blitz 24-893 SE through its subsidiary, Infosys Singapore Pte.

 

Dr Reddy's Laboratories: Dr. Reddy's has launched Elobixibat in India, a drug for treating chronic constipation, under the brand name BixiBat.

 

FII/DII DATA:

1. FIIs net SOLD Rs 3,228 crore worth shares on 28 October

2. DIIs net BOUGHT Rs 1,400 crore worth shares on 28 October.

Thank you, have a great Trading Day ahead!!


Register for Free Trial