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Business News/ Markets / Live Blog/  Market Highlights: Sensex, Nifty end marginally higher; Pharma, Realty shine; Finance, IT shed

Market Highlights: Sensex, Nifty end marginally higher; Pharma, Realty shine; Finance, IT shed

Share Market Updates: The Indian stock market ended flat on Wednesday as NTPC, Infosys and ICICI Bank shed, while BPCL, Cipla and Asian Paints gained. Finance, IT and Bank stocks closed lower; Pharma, Metal, Auto and Energy indices climbed in today's session.  

Sensex Today | Share Market Updates: Global cues continue to dictate market sentiments (MINT_PRINT)Premium
Sensex Today | Share Market Updates: Global cues continue to dictate market sentiments (MINT_PRINT)

Share Market Updates: Sensex and Nifty had a cautious and subdued session with most sectors remaining range-bound. Finance, IT and Bank indices witnessed a marginal drop, while the Pharma, Metal, Auto and Energy indices gained. 

Stocks in Asia ticked lower on Wednesday as investors waited to hear more from Federal Reserve officials who are due to speak this week, including Chair Jerome Powell.

Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.

Comments from key US Federal Reserve Chair Jerome Powell, particularly on its monetary policy outlook will also be a key monitorable for investors.

08 Nov 2023, 07:52:13 AM IST

Sensex Today Live | Share Market Updates: Buy or sell: Vaishali Parekh recommends buying these 3 stocks today

Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher recommends these stocks for today's day trading: 

08 Nov 2023, 07:49:23 AM IST

Sensex Today: Powergrid Q2 results: Net profit grows 3.6% YoY to ₹3,781 crore, revenue up marginally

According to the financial results released by the state-run company on November 7, Powergrid Corporation of India recorded a consolidated net profit of 3,781.4 crore in the second quarter of fiscal year 2023-24 (Q2FY24). This figure represents a 3.6% increase compared to the net profit of 3,650.3 crore reported in the corresponding period last year. Additionally, the net profit showed a 5% sequential growth when compared to the 3,597.1 crore posted in the first quarter of the current fiscal year.

Furthermore, the consolidated revenue from operations during the September 2023 quarter experienced a slight increase, reaching 11,267 crore. (Read More)

08 Nov 2023, 07:35:24 AM IST

Sensex Today Live: Reliance Industries files for record $2.4 billion rupee bond sale: Report

According to documents reviewed by Bloomberg, Reliance Industries Ltd., led by billionaire Mukesh Ambani, aims to generate up to 200 billion rupees ($2.4 billion) through rupee-denominated bonds.

The initial size of the offering is set at 100 billion rupees, with the possibility of retaining subscriptions of up to an additional 100 billion rupees. These 10-year bonds will be put up for auction on Thursday and have been assigned a AAA rating with a stable outlook by rating agencies Crisil and CareEdge.

If the transaction goes through, it will mark the largest rupee offering ever for Reliance, as indicated by data compiled by Bloomberg. (Read More)

08 Nov 2023, 07:32:57 AM IST

Sensex Today Live | Share Market Updates: IRCTC Q2 Results: Net profit rises 30% to ₹294 crore, revenue up 23% YoY, dividend declared

The Indian Railway Catering and Transportation Corporation (IRCTC) declared its financial results for the second quarter of fiscal 2023-24 (Q2FY24) on Tuesday, November 7, unveiling a 30.4% increase in net profit to 294.7 crore, compared to 226 crore in the corresponding period the previous year.

During the second quarter of the current fiscal year, the revenue from operations for the e-ticketing division of the Indian Railways reached 995.3 crore, reflecting a growth of 23.5% from 805.8 crore in the same period last year.

In terms of operational performance, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the September quarter totaled 366.5 crore, marking a 20.2% increase from 304.9 crore in the same period last year. (Read More)

08 Nov 2023, 07:25:21 AM IST

Sensex Today: Wall Street ticks up on Tuesday as falling oil prices and Treasury yields ease the pressure

U.S. stocks ticked higher Tuesday as Wall Street continues to absorb the big swings that have shaken financial markets recently.

The S&P 500 rose 12.40 points, or 0.3%, to 4,378.38, as gains for some Big Tech stocks helped offset losses for the majority of stocks in the index. It's the second straight quiet day for the index after months of heavy losses swiveled sharply to a rally last week, its best of the year.

The Dow Jones Industrial Average rose 56.74, or 0.2%, to 34,152.60, and the Nasdaq composite gained 121.08, or 0.9%, to 13,639.86.

TripAdvisor jumped 11% after reporting better results for the summer than analysts expected, while Emerson Electric sank 7.4% after falling short of expectations.

The majority of big companies has been topping estimates so far this earnings reporting season, but another factor has been much more influential in driving the stock market’s big swings since the summer: the bond market.

Treasury yields there eased Tuesday, with the 10-year yield falling to 4.56% from 4.66% late Monday. (AP)

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