Market Close Highlights, Oct 24: Sensex ends flat, Nifty below 24,400; Banks lead, FMCG drags

Stock Market Highlights: 26 out of 50 constituent stocks of Nifty50 ended in the green, led by Ultratech Cement, Shriram Finance, Grasim, Titan, and Mahindra & Mahindra

4:01 PM

Stock Market Highlights LIVE Updates: 24,347-24,367 band could offer support to Nifty50 on falls

Nifty fell for a third consecutive session on October 23 to end at its lowest level in more than 2 months. Nifty weakened marginally after a smaller range day as the latest release of corporate earnings were better than the earlier ones.

Global markets remained pressured by a rising dollar, lower global growth forecast by the IMF, uncertainty around the US elections, rising geo political tensions and the prospect of a less aggressive US Fed in cutting rates. Broad market indices ended in the positive and the A/D ratio ended in the positive.

 

Nifty formed a bullish inverted hammer pattern on October 23, but it needs to move above 24,604 to signal bullishness. On falls 24,347-24,367 band could offer support.

(View by: Deepak Jasani, Head of Retail Research at HDFC Securities)

3:46 PM

Stock Market Highlights LIVE Updates: Despite selloffs by FIIs, benchmarks incur only minor loss

Despite persistent selloffs by FIIs, the benchmark indices recorded only a minor loss, as India’s October PMI data continued to indicate healthy growth, which also supports the RBI's growth guidelines for FY25. The broader market exhibited a mixed response due to valuation corrections in sectors such as PSUs and banking & financials. Meanwhile, the FMCG sector faced declines attributed to delayed demand recovery and margin pressures.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

3:43 PM

Stock Market Highlights LIVE Updates: HUL, SBI Life top losers on NSE

HUL was the top loser on NSE, followed by SBI Life, Hindalco and Nesle India. On the filip side, Ultratech Cement, Shriram Finance and M&M were the top gainers on the index.

3:40 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank, Pharma, Financials lead

Among sectors Nifty PSU Bank outran others, rising 1.22 per cent, followed by Nifty Pharma and Nifty Financial Services among others. 

3:37 PM

Stock Market Highlights LIVE Updates: Broader indices end in red

The broader indices closed in color red on Thursday, with BSE MidCAp index falling 0.13 per cent and BSE SmallCap index slipping 0.72 per cent. 

3:34 PM

Stock Market Highlights LIVE Updates: 19 out of 30 stocks end in green on Sensex

Ultratech remained the top gainer on the BSE Sensex rising 3 per cent, followed by M&M, Adani Ports and Titan among others.

3:33 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,400

NSE's Nifty50 finished at 24,399.40 level, down 36.10 points or 0.15 per cent on Thursday.

3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends flat with negative bias

The BSE Sensex closed at 80,065 level, down 16 points, or 0.02 per cent on Thursday

3:24 PM

Stock Market LIVE Updates: Adani Total Gas surges over 8% after Q2FY25 results

Adani Total Gas reported a consolidated net profit of Rs 186 crore for Q2, compared to Rs 172 crore in the previous quarter.  The company's revenue for Q2 stood at Rs 1,320 crore, up from Rs 1,240 crore quarter-on-quarter.

Ebitda for Q2 was Rs 305 crore, an increase from Rs 296 crore in the prior quarter, while the Ebitda margin decreased to 23.2 per cent from 23.9 per cent quarter-on-quarter.

3:12 PM

Stock Market LIVE Updates: UltraTech Cement rallies 3% in range-bound market on strong outlook

Shares of UltraTech Cement rallied 3 per cent to Rs 11,086.80 on the BSE in Thursday’s intra-day trade in an otherwise subdued market on strong outlook. At 02:28; the stock was the top gainer among the BSE Sensex and Nifty 50. In comparison, the benchmark indices were trading in red.

 

In the past six months, UltraTech has outperformed the market by surging 15 per cent, as against an 8 per cent rise in the benchmark index. The stock had hit a record high of Rs 12,138.25 on September 27, 2024. Read more