Stock Market Today: All You Need To Know Going Into Trade On Oct. 25

Asian markets open higher as Australian and South Korean shares advanced and Japanese equites advanced.

Futures for Hong Kong’s equity benchmark soared more than 3% after an index of Chinese companies listed in the U.S. advanced the most in almost three months.

Nasdaq 100 futures edged lower following mixed earnings that saw Microsoft Corp. climb and Alphabet Inc. drop in late U.S. trading. On Tuesday, The S&P 500 rose 0.7% and Nasdaq 100 rose 1%.

Meanwhile, the yield on the 10-year U.S. bond was trading at 4.83% and Bitcoin was below 34,000-level. Brent crude was trading above $88 a barrel, whereas WTI Crude was above $83-mark.

At 5:39 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India was up 16 points of 0.08% at 19,298.

India's benchmark stock indices declined through Monday as broader indices dragged the market. Media, metal, banks and real estate sectors corrected the most. The Sensex ended at its lowest level since June 30, while the Nifty slipped to its lowest level since Sept. 1.

Overseas investors were net buyers of Indian equities for the second session in a row on Monday. Foreign portfolio investors mopped up stocks worth Rs 252.3 crore, while domestic institutional investors also turned net buyers and mopped up equities worth Rs 1,111.8 crore, the NSE data showed.

The Indian rupee weakened 7 paise to close at 83.19 against the U.S. dollar on Monday.

• Tech Mahindra: The company's U.S.A. unit approved divesting 30% holding in Avion Networks Inc. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed by Oct. 31.

• Llyods Metals and Energy: Mahendra Singh Mehta was appointed as an additional independent director of the company for a term of five years.

• Lupin: The company received approval from the U.S. FDA for its abbreviated new drug application for Fluconazole Tablets, USP.

• Krishna Institute of Medical Sciences: The company's subsidiary, KIMS Hospital Enterprises Pvt., acquired an additional 12.09% equity stake in Kondapur Healthcare for Rs 24.11 crore. The company's total equity stake in Kondapur Healthcare now stands at 37.18%.

• LTIMindtree: The company won the prestigious Golden Peacock Award in 2023 for its sustainability efforts.

• Power Mech Projects: The company's fund-raising committee approved raising up to Rs 350 crore via QIP. The company will allot 9.02 lakh equity shares at an issue price of Rs 3,881.17 apiece, which is at a discount of Rs 204.27 per equity share.

• KPI Green Energy: The company received an order from Sustainable Spinning and Commodities Pvt. for executing the Wind-Solar Hybrid Power Project for 4.20 MW capacity, comprising 4.20 MW wind and 3.60 MW solar capacity.

• Adani Ports and SEZ: The company incorporated a wholly owned subsidiary company, Udanvat Leasing IFSC, for Rs 2.5 crore. Udanvat will carry out the business of owning and leasing aircraft.

• Trident: Vinod Kumar Goyal was appointed as the CEO of the company's yarn business.

• Signatureglobal (India): The company entered into a sale deed for acquiring a land parcel measuring approximately 25.75 acres in Gurugram, Haryana, for the development of a group housing project.

• Shoppers Stop: The company has invested an additional Rs 5 crore in the preference share capital of its wholly-owned subsidiary, Global SS Beauty Brands. The investment was made by way of subscription to the rights issue of an additional 500 non-cumulative optionally convertible preference shares of Rs 1 lakh.

Blue Jet Healthcare: Blue Jet Healthcare: The speciality pharmaceutical and healthcare ingredients company will launch its initial public offering on Oct. 25., to raise Rs 840.3 crore. The pure offer for sale issue will see 2.42 crore shares being offloaded in the price band of Rs 329 to Rs 346 per share. The IPO issue closes on Oct. 27.

Mahindra Logistics Q2 FY24 (Consolidated, YoY)

• Revenue is up 2.89% at Rs 1,364.76 crore vs. Rs 1,326.33 crore.

• Ebitda is down 20.75% at Rs 53.57 crore vs. Rs 67.58 crore.

• Margin at 3.92% vs. 5.09%

• Net loss of Rs 15.93 crore vs. profit of Rs 12.19 crore

PNB Housing Q2 FY24 (Standalone, YoY)

• Interest income rises 6.26% at Rs 1,691.31 crore vs Rs 1,591.71 crore (YoY)

• Net profit rises 46.2% to Rs 384.4 crore vs. Rs 262.91 crore (YoY)

• GNPA ratio at 1.78% vs 3.76% (QoQ)

• NNPA ratio at 1.19% vs 2.59% (QoQ)

Lloyds Metal and Energy Q2 FY24 (Consolidated, YoY)

• Revenue is up 61.97% at Rs 1,091.31 crore vs. Rs 673.76 crore.

• Ebitda is up 82.45% at Rs 286.31 crore vs. Rs 156.92 crore.

• Margin at 26.23% vs. 23.29%

• Net profit is up 62.04% at Rs 231.25 crore vs. Rs 142.71 crore.

Alok Industries Q2 FY24 (Consolidated, YoY)

• Revenue is down 20% to Rs 1,359.02 crore vs. Rs 1,698.58 crore.

• Ebitda at Rs 35.94 crore vs. Ebitda loss of Rs 11.25 crore

• Net loss of Rs 174.83 crore vs. loss of Rs 191.5 crore

Torrent Pharmaceuticals Q2 FY24 (Consolidated, YoY)

• Revenue is up 16.1% at Rs 2,660 crore vs. Rs 2,291 crore.

• Ebitda rises 21.5% to Rs 825 crore vs. Rs 679 crore.

• Margin at 31.01% vs. 29.63%

• Net profit is up 23.71% at Rs 386 crore vs. Rs 312 crore.

Kewal Kiran Clothing Q2 FY24 (Consolidated, YoY)

• Revenue is up 15.96% at Rs 262.48 crore vs. Rs 226.34 crore.

• Ebitda is up 23.43% at Rs 61.73 crore vs. Rs 50.01 crore.

• Margin at 23.51% vs. 22.09%

• Net profit is up 27.04% at Rs 49.66 crore vs. Rs 39.09 crore.

Axis Bank, Tech Mahindra, Indus Towers, Jubilant Foodworks, Sona BLW Precision Forgings, Sonata Software, Lakshmi Machine Works, Welspun India, Chalet Hotels, Chennai Petroleum Corp, Responsive Industries, CMS Info Systems, Share India Securities, Rallis India, Shanthi Gears, Bannari Amman Sugars, Gulf Oil Lubricants India, Swaraj Engines, TV18 Broadcast, Network18 Media & Investments

• Amber Enterprises: Franklin Templeton Mutual Fund bought 2 lakh shares (0.59%) at Rs 2,820 apiece.

• Price band revised from 10% to 5%: MMTC, Pearl Global Industries

• Price band revised from 20% to 10%: Newgen Software Technologies

• Ex/record date dividend: Infosys

• Ex/record date bonus issue: Krishana Phoschem

• Move out of the short-term ASM framework: Manoj Vaibhav Gems N Jewellers, Oriental Hotels.

• Supreme Petrochem: To meet analysts and investors on Oct. 31.

• Bajaj Finserv: To meet analysts and investors on Oct. 30.

• RailTel Corporation of India: To meet analysts and investors on Oct. 27.

• Vimta Labs: To meet analysts and investors on Oct. 30.

• State Bank of India: To meet analysts and investors on Nov. 4.

• Shriram Finance: To meet analysts and investors on Oct. 26.

• Steel Strips Wheels: To meet analysts and investors on Oct. 30.

• Agi Greenpac: To meet analysts and investors on Oct. 27.

• Macrotech Developers: To meet analysts and investors on Oct. 30.

• SBI Life Insurance Company: To meet analysts and investors on Oct. 27.

• Venus Pipes & Tubes: To meet analysts and investors on Oct. 27.

• Mankind Pharma: To meet analysts and investors on Nov. 1.

• Nuvama Wealth Management: To meet analysts and investors on Oct. 30.

• UPL: To meet analysts and investors on Oct. 30.

• Inox Wind: To meet analysts and investors on Oct. 27.

• Fino Payments Bank: To meet analysts and investors on Nov. 2.

• Gujarat Gas: To meet analysts and investors on Nov. 3.

• Satin Creditcare Network: To meet analysts and investors on Oct. 27.

• Mahindra & Mahindra Financial Services: To meet analysts and investors on Oct. 27.

• Nifty October Futures fell 1.36% to 19,262.90, at a discount of 18.85 points.

• Nifty October Futures open interest declined by 16.80% to 29,158 shares.

• Nifty Bank October Futures fell 1.37% to 43,138.30, at a discount of 12.9 points.

• Nifty Bank October Futures open interest declined by 22.49% to 30,380 shares.

• Nifty Options Oct 26 Expiry: Maximum call open interest at 19,600 and maximum put open interest at 19,000.

• Nifty Bank Options Oct 26 Expiry: Maximum call open interest at 45,000 and maximum put open interest at 42,000.

• Securities in the ban period: RBL Bank

The Indian rupee weakened seven paise to close at Rs 83.19 against the U.S dollar on Monday, after opening at Rs 83.17.

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