05:46:09 PM IST, 19 October 2023
Dollar steady ahead of Fed Chair remarks, underpinned by higher US yields
The dollar index, which tracks the unit against six main peers, was at 106.5 steady on the day, having risen 0.33% on Wednesday.
Its moves were more dramatic against currencies that are particularly exposed to swings in global growth expectations, with the Australian dollar and New Zealand dollars each down as much as 0.6%. The New Zealand currency hit its lowest level in a year of $0.5815.
05:25:19 PM IST, 19 October 2023
Tech View: Nifty trading near 50-DMA. What traders should do on Friday
If the index weakens further, it can find support around 19480-19450 levels and any upside bounce from here could encounter resistance around 19700 levels. A decisive break above this hurdle could pull Nifty towards another hurdle of 19850 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
03:51:35 PM IST, 19 October 2023
HUL Q2 Results | Rohit Jawa, CEO and Managing Director of HUL says,
FMCG demand is likely to continue a gradual recovery with tailwinds from theupcoming festive season, sustained buoyancy of services and Government’s thrust on capex. At the same time, we need to bewatchful of volatile global commodity prices as well as the impact of monsoon on crop output and reservoir levels.
In this context,our focus is to provide superior value to our consumers, drive competitive volume growth, and invest behind our brands.We remain confident of the mid to long term potential of Indian FMCG sector and HUL’s ability to deliver a Consistent,Competitive, Profitable and Responsible growth.”
03:47:09 PM IST, 19 October 2023
HUL Q2 Results: Key Highlights
- Total sales at Rs.15,364 crores grew by 3% during the quarter.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter at Rs. 3,797 crores (SQ 22: Rs. 3,479 crores) grew by 9%. EBITDA margin at 24.7 % increased by 140 bps vs SQ 22.
- Exceptional items in SQ 23 include restructuring expenses of Rs. 57 crores (SQ 22: Rs. 56 crores), acquisition and disposal related credit of Rs. 52 crores (SQ 22: Rs. 6 crores cost) and profit from sale of surplus properties Nil (SQ 22: Rs. 34 crores).
- Profit after tax for the quarter at Rs. 2,657 crores (SQ 22: Rs. 2,670 crores) was marginally lower year on year.
- The reported numbers include a one-off credit from favourable resolution of a past indirect tax litigation. This benefitted reported turnover and PAT growth by 1% and 4% respectively.
- The Board of Directors declared an interim dividend of Rs. 18 /- per equity share of face value of Re 1
03:40:30 PM IST, 19 October 2023
HUL Q2 Results: Co declares an interim dividend of Rs. 18/- per equity share of face value of Re. 1/- each for the financial year ending 31st March, 2024.
03:38:18 PM IST, 19 October 2023
HUL Q2 Results: Margin at 24.18% vs poll of 23.5%; Revenue at Rs 15,300 crore vs poll of Rs 15,343 crore
03:37:25 PM IST, 19 October 2023
HUL Q2 Results: PAT at Rs 2717 crore vs poll of Rs 2590 crore; EDITDA at Rs 3694 crore vs poll of Rs 3609 crore
03:36:13 PM IST, 19 October 2023
Closing Bell: RIL, banks drag Sensex 248 pts lower; Nifty below 19,650; Bajaj Auto climbs 7%, UltraTech 3%
03:16:55 PM IST, 19 October 2023
IRM Energy IPO subscribed 3.18X so far on Day 2
After sailing through on the first day, the initial public offer (IPO) of IRM Energy was subscribed 3.18 times so far on the second day of the bidding process.The NII portion of the issue was subscribed the most at 5.52x, while that of retail investors was booked 3.49x. The category reserved for qualified institutional buyers (QIB) was subscribed 1.12x.According to market analysts, the company’s shares are trading with a premium of Rs 55 in the unlisted market. The IPO is priced in the range of Rs 480-505.
02:28:48 PM IST, 19 October 2023
European shares drop to two-week low as dismal earnings add to risk-off mood
The pan-European STOXX 600 fell 1% to hit nearly a two-week low by 0839 GMT, in a broad-based selloff, led by automakers and rate-sensitive real estate firms .
02:25:20 PM IST, 19 October 2023
Ultratech Cement Q2 Results: PAT at Rs 1,280 cr vs ET NOW poll of Rs 1,245 cr; revenue at Rs 16,012 cr vs ET NOW poll of Rs 15,802 cr
02:17:34 PM IST, 19 October 2023
Crypto Market Update: Coinbase picks Ireland as its main EU regulatory hub
Cryptocurrency exchange Coinbase has chosen Ireland as it’s main regulatory and operational hub in the European Union, CNBC reported on Thursday.
01:57:57 PM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates | Kirloskar Pneumatic Q2 Results: 15% income growth Q-o-Q; PBT grows 14% over Q1
01:30:53 PM IST, 19 October 2023
Japan’s Nikkei slumps on hawkish Fed bets, Middle East concerns
Chip-related shares were notable underperformers after traders took cues from U.S. peers as a spike in long-term Treasury yields to 16-year peaks weighed on the so-called growth stocks.
01:31:06 PM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates | Parag Milk Foods appoints ex-Lactalis India & Amul MD, Rahul Kumar Srivastava as Chief Operating Officer; stock rises over 4%
12:51:20 PM IST, 19 October 2023
PVR Inox Q1 Results: PAT at Rs 166.2 crore as compared to Rs 71.5 crore YoY
12:47:30 PM IST, 19 October 2023
Stock Market LIVE Updates: Tata Capital Financial Services accepts bids for 5-yr bonds – bankers
12:22:31 PM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Top gainers & loser at this hour
12:07:24 PM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Central Bank Of India entered into strategic co-lending partnership with Capri Global Capital
11:51:32 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates | Airtel extends 5G coverage to 81 districts of Madhya Pradesh and Chhattisgarh with expanding consumer services to 2.1 million customers.
11:49:32 AM IST, 19 October 2023
Stock Market LIVE Updates | GLOBAL MARKETS: Asian stocks slip as bonds sell-off, Middle East tension weigh
Investors sought safer assets, keeping gold prices near two-month peaks and the dollar firm. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.42%.
11:28:57 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates | KFintech announces that the company has won a high-value IMS Contract from LIC Pension Fund Ltd; stock up 3%
11:20:09 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates | EARNINGS IMPACT | Nestle India shares hit 52-week high
10:58:49 AM IST, 19 October 2023
Nestle Q3 Results | Key Highlights
- Total Sales of INR 5,009.5 Crore
- Total Sales Growth at 9.4%
- Domestic Sales Growth at 10.3%.
- Profit from Operations at 22.6% of Sales
- Net Profit of INR 908.1 Crore
- Earnings Per Share of INR 94.18
10:56:44 AM IST, 19 October 2023
Nestle Q3 Results | Co declares 2nd interim dividend of Rs 140
10:57:06 AM IST, 19 October 2023
Nestle Q3 Results | Co announces to spilt shares
Sub-division/ split of existing equity shares of face value of Rs. 10/- each, fully paid-up,by alteration of Capital Clause of the Memorandum of Association of the Company
10:54:52 AM IST, 19 October 2023
Nestle Q3 Results: PAT at Rs 908 crore vs poll of Rs 799 crore
10:38:16 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Three foreign subsidiaries of Dabur India are facing multiple lawsuits in the federal and state courts in the US and Canada over allegation that their hair-relaxer products have caused ovarian cancer, uterine cancer and other related health issues. The three Dabur India subsidiaries facing multiple lawsuits are — Namaste Laboratories LLC, Dermoviva Skin Essentials Inc and Dabur International Ltd — said a late-night regulatory filing from the homegrown FMCG and Ayurvedic products maker on Wednesday.
10:31:43 AM IST, 19 October 2023
FOREX NEWS | Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange, the domestic unit opened at 83.26 against the dollar and then touched an early high of 83.25, registering a gain of 3 paise over its previous close.
On Wednesday, the rupee settled at 83.28 against the US dollar.
10:19:23 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Shakti Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL), for 50,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Component-B of PM-KUSUM scheme (Phase-III). The total value of the 50,000 pumps is around Rs 1,603 crore (inclusive of GST) which is to be executed over 24 months.
10:19:11 AM IST, 19 October 2023
Stock Market LIVE Updates: RBI likely offering US dollars to defend rupee
The rupee was at 83.2650 against the dollar, little changed from its close at 83.2575 in the previous session. The rupee, aided by the RBI, held its ground despite weakness in most Asian currencies and higher U.S. yields.
The RBI’s intervention “was expected”, a foreign exchange trader at a private bank said.
(Source: Reuters)
10:18:37 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Adani commissions largest inter-regional 765 KV Warora-Kurnool transmission line.
10:01:06 AM IST, 19 October 2023
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09:59:40 AM IST, 19 October 2023
Stock Market LIVE Updates | Coforge Q2 Results: Revenue up 2.3% Q-o-Q and 14.1% Y-o-Y, in CC terms; Adj. EBITDA margin expands Q-o-Q by 160 bps
09:56:41 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Convinced that the Vijay Shekhar Sharma-led fintech will enter the global list of large profitable fintechs in the next four quarters, Jefferies initiated coverage on Paytm with a buy rating and a target price of Rs 1,300.
09:33:52 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Earnings Impact on Wipro, Bajaj Auto, IndusInd Bank, LTI Mindtree & Bandhan Bank
09:24:48 AM IST, 19 October 2023
Morning view by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The fiscal situation characterised by high deficit in the US is also contributing to the rise in yields via increased supply of bonds. So, this combination of fiscal and monetary factors pushing bond yields up will pose a major challenge to equity markets. FPIs will continue to sell, impacting the markets. Financials, though fundamentally strong, are likely to face more selling pressure since the major part of FPI’s AUM is in financials, particularly leading banks.
Long-term investors can capitalise on the decline in banking stocks triggered by FPI selling, through a calibrated accumulation strategy. This segment is doing well and the valuations are fair, even attractive.
09:23:11 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: HUDCO, IOB among most active stocks in morning trade
09:19:13 AM IST, 19 October 2023
Opening Bell: Sensex declines 450 points, Nifty below 19,550; Wipro drops 4%, IIFL gains 2%
09:08:54 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Coforge Q2 Results
Consolidated revenue from operations rose to 22.76 billion rupees ($273.4 million) for the quarter ended Sept. 30. However, its net profit fell 10% to 1.81 billion rupees due to higher expenses.
Coforge’s order intake for the quarter rose to $313 million, from $304 million last year.
09:06:35 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex slips 300 points; Nifty below 19,550
Dalal Street grapples with uncertainty as global leaders work to prevent a potential Middle East ground war triggered by Israel’s contemplation of retaliatory action following a Hamas terrorist attack. Iran’s threats have heightened tension, causing significant volatility in the benchmark Nifty. Given these developments, a cautious investment approach is advised. Specific trading recommendations include selling Nifty at the current market price with a stop at 19,907, targeting 19,507, 19,300, and more aggressive goals at 18,900. Selling Bank Nifty at the current market price with a stop at 44,701, targeting 43,600, 43,000, and more aggressive targets at 41,750 to 42,000. Investors face various pressing concerns, including divestment by Foreign Institutional Investors, the Israel-Palestine conflict, lacklustre corporate performance, rising US Treasury yields, expected Federal Reserve rate hikes, and an upcoming speech by Jerome Powell. Nifty and Bank Nifty also face technical challenges, contributing to the prevailing uncertainty. Monitoring Jerome Powell’s speech is vital for insights into the central bank’s future actions.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:42:59 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Decrease in foreign holding paves way for IndusInd Bank’s entry into MSCI index
It’s good news for investors of IndusInd Bank, as the latest shareholding data suggests that there is a high probability of the bank being included in the MSCI index during the November review.The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.
08:02:25 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Asian stocks fall, gold at over 2-month high as Middle East tension weighs
Asian shares slid on Thursday as risk aversion prevailed in the market due to mounting worries over Middle East tensions, while gold prices stayed near two-month peaks with investors seeking safer assets.
08:00:33 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Dollar holds near 150 yen ahead of Fed Chair remarks
The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S. Treasury yields on the rise overnight and markets awaited a speech by Fed Chair Powell.
08:00:38 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Gold firms on Middle East tensions; Fed’s Powell speech in focus
Gold prices edged higher on Thursday to hover near a 2-1/2-month high as escalating Middle East turmoil lifted demand for the safe-haven asset, while investors looked forward to U.S. Federal Reserve Chair Jerome Powell’s speech due later in the day.
07:22:16 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
HUL, ITC, UltraTech, Nestle, PVR Inox and a slew of other companies will announce their second quarter results today.
07:22:24 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded higher by 22.5 points, or 0.11 per cent, at 19571, signaling that Dalal Street was headed for negative start on Thursday.
07:22:33 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty charts hint at further weakness ahead
Nifty ended 141 points lower ahead of Thursday weekly expiry to form a evening star candle on the daily chart, which is considered to be a bearish reversal pattern. Nifty has now formed double-top formation on daily and intraday charts and bearish candle on daily charts, which is indicating further weakness from the current levels.
07:22:41 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Rupee falls 3 paise against US dollar on surging crude
The rupee settled 3 paise lower at 83.28 against the US dollar on Wednesday, tracking negative cues from domestic equity markets amid surging crude oil prices overseas.
07:22:44 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open lower
Tokyo stocks opened lower on Thursday, tracking falls on Wall Street against a backdrop of ongoing fighting between Israel and Hamas that has raised fears of a wider regional conflict.
07:22:57 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Wall Street falls more than 1%; yields rise, investors assess earnings
U.S. stocks ended sharply lower on Wednesday, with the S&P 500 and Nasdaq falling more than 1% each, as Treasury yields rose again and investors assessed the latest batch of quarterly corporate results and forecasts.
07:23:03 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease
Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran’s call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.
07:23:15 AM IST, 19 October 2023
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
The 30-share BSE benchmark Sensex declined or 0.83% to end at 65,877. The broader NSE Nifty dropped 0.7% to settle at 19,671.
