Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the negative territory. The NSE Nifty 50 falls 34.20 points or 0.14% to settle at 24,964.25, while the BSE Sensex plunged 230.05 points or 0.28% to 81,381.36. The broader indices ended in mixed territory, with fall led by Large-cap. Bank Nifty index ended lower by 358.60 points or 0.70% to settle at 51,172.30. Pharma and Metal stocks outperformed among the other sectoral indices while Banking and Financial Services stocks shed.
Indian Renewable Energy Development Agency (IREDA) reported a 36.18% year-on-year (YoY) increase in net profit, reaching Rs 387.75 crore for the quarter ended September 30, 2024 (Q2 FY25). However, the profit was below analysts’ expectations of Rs 410 crore, as estimated by Bloomberg. Total income from operations rose 38.5% to Rs 1,630.38 crore, compared to Rs 1,176.96 crore in the same quarter last year. Basic earnings per share (EPS) for the quarter stood at Rs 1.44.
WTI crude prices are trading at $75.66 down by 0.25%, while Brent crude prices are trading at $79.09 down by 0.40%, on Friday Morning.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down by 0.02% at 102.87.
Foreign institutional investors (FII) offloaded shares worth Rs 4,926.61 crore, while domestic institutional investors (DII) bought shares worth Rs 3,878.33 crore on October 10, 2024, according to the provisional data available on the NSE.
Mazagon Dock Shipbuilders announced that it received an order worth Rs 121.7 crore from Maharashtra State Power Generation Company (MAHAGENCO) for the supply, installation, and commissioning of an AI-based “comprehensive infrasecure project.”
Chambal Fertilisers and Chemicals, Bandhan Bank, GNFC, Granules India, Hindustan Copper, Birlasoft, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, and Tata Chemicals to remain in F&O Ban on October 11.
The country’s largest information technology services firm, Tata Consultancy Services (TCS) on Thursday reported a net profit of Rs 11,909 crore during the July-September quarter, which was down 1.1% on sequential basis. The company missed Bloomberg consensus estimate of Rs 12,547 crore, on the back of higher expenses. The consolidated revenues during the period was up 2.6% sequentially to Rs 64,259 crore, beating estimates of Rs 64,178 crore.