Market Summary for the 22-oct-2024
Nifty Psubank, Nifty Metal, and Nifty Auto drag nifty down the market. Today Nifty is down -1.25% i.e. closed at 24,472.10 and Sensex is down -1.15% closing at 80,220.72.
FNO Stocks Top Loser and Gainer
Top Losser :
PNB Rs. 95 (-7.09), LTF Rs. 147.00 (-6.86), HINDCOPPER Rs. HINDCOPPER Rs.295.35 (-6.74), GRANUAL 560.50 (-5.30), BHEL Rs.234.00 (-5.51%), BANDHAN BANK Rs.174.80 (-5.46%)
Top Gainer:
CUB Rs.168.52 (+11.88%)
Following are some of the key factor that drives the market
- During this result season, companies are not showing the expected results to investors so that will boost the trust of investors.
- FII selling is creating pressure in the market.
- Valuation now concern now compared to result valuation is not meeting investors expetation.
- Retail & HNI investor also now facing some pressure
Companies result declared today
2) ABFRL Q2 Results: revenue declined -186.10% to 1127.56 and net profit rose 7192.20% to 2.82 YoY
3)SRF Q2 Results: revenue rose 7.21% to 3424.00 and net profit declined -49.75% to 201.00 YoY
4)ZOMATO Q2 Results: revenue rose 40.65% to 4799.00 and net profit rose 79.55% to 176.00 YoY
5)SUPREMEIND Q2 Results: revenue rise 51.89% to 4799.00 and net profit decline -38.07% to 176.00 YoY
6) ADANIGREEN Q2 Results: revenue rise 27.33% to 3055.00 and net profit rise 27.96% to 515.00 YoY
Market top news today
- Ambuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore to reach 100 MTPA cement capacity in FY25 and improve its pan-India market share by 2%.
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Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering exiting from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 percent stake in the JV.
- Hyundai IPO list to today in the Indian stock market and it declined up to – 7% till 3.00 pm today