Market Summary for the Day: 24-Oct-2024 – Key Highlights and Trends
Today, the Nifty 50 index is at 24,399.4, which is a decrease of 36.1 points (-0.15%) from the previous close. The index saw a day low of 24,341.2 and a high of 24,412.71.
Top news for the day
- SONACOM Q2 FY25 Results & Acquisition: SONACOM declared its Q2 results for FY25 and announced the acquisition of Escorts’ railway equipment business for ₹1,600 crore.
- Reliance & Nvidia in Semiconductor Talks: Reliance is in discussions with Nvidia regarding potential collaboration in the semiconductor industry. Nvidia has expressed interest in working within India’s semiconductor sector.
- Reliance Jio & Alliance Insurance: Reports suggest that Reliance Jio is in talks with Alliance regarding entering the insurance business.
- Dixon Technologies Surprises After Hours: After market close, Dixon Technologies announced its Q2 results, which exceeded expectations and caused a positive market reaction.
- KPIT Tech Management’s Cautious Outlook: KPIT Tech’s management shared a cautious outlook for the second half of FY25, affecting market sentiment.
- Piramal Pharma’s Surge: Shares of Piramal Pharma surged 15% after the company posted strong results and provided optimistic future growth guidance.
- Paytm Gains on Citi Upgrade: Paytm shares rose by 3% after Citi upgraded the stock with a 21% increase in target price.
Top Companies Results declared today
At the end of Day FII DII Positions in Index Future & Index Options
