• OPEN AN ACCOUNT
Indian Indices
Nifty
22,326.90 203.25
(0.92%)
Sensex
73,651.35 655.04
( 0.90%)
Bank Nifty
47,124.60 338.65
( 0.72%)
Nifty IT
34,898.15 153.80
( 0.44%)
Global Indices
Nasdaq
16,379.46 -20.06
(-0.12%)
Dow Jones
39,807.37 47.29
(0.12%)
Hang Seng
16,541.42 148.58
(0.91%)
Nikkei 225
40,168.07 -594.66
(-1.46%)
Forex
USD-INR
83.34 0.01
(0.01%)
EUR-INR
90.21 -0.13
(-0.15%)
GBP-INR
105.20 -0.12
(-0.11%)
JPY-INR
0.55 0.00
(-0.01%)

EQUITY - MARKET SCREENER

Sensex jumps 383 pts, Nifty ends above 18,250 mark; NSE VIX slumps 4.77% to 16.77
26-Oct-21   16:53 Hrs IST

The equity benchmarks ended near the day's high with strong gains on Tuesday amid positive global cues. The Nifty ended above the 18,250 mark after hitting an intraday low of 18,099.30 in mid-morning trade. Barring the Nifty Private bank index, all the sectoral indices on the NSE ended in the green. Auto and realty shares surged.

The S&P BSE Sensex, gained 383.21 points or 0.63% to 61,350.26. The Nifty 50 index added 143 points or 0.79% to close at 18,268.40.

Tata Motors (up 5.90%), Tata Steel (up 4.15%), SBI Life Insurance (up 3.83%), Titan Company (up 3.73%) and Nestle India (up 3.31%) were major index gainers.

The broader market rallied. The BSE Mid-Cap index rose 1.75% and the BSE Small-Cap index gained 2.20%.

The market breadth was strong. On the BSE, 2,218 shares rose and 1,056 shares fell. A total of 145 shares were unchanged.

The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 4.77% to 16.77.

Numbers to Watch:

The yield on 10-year benchmark federal paper rose to 6.363% as compared with 6.350% at close in the previous trading session.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 74.9650, compared with its close of 75.0850 during the previous trading session.

MCX Gold futures for 3 December 2021 settlement fell 0.29% to Rs 48,062.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, fell 0.04% to 93.77.

In the commodities market, Brent crude for December 2021 settlement fell 31 cents at $85.68 a barrel. The contract rose 46 cents, or 0.54% to settle at $85.99 a barrel in the previous trading session.

Foreign Markets:

US Dow Jones index futures were up 122 points, indicating a strong opening in the US stocks today.

European stocks rose across the board while most Asian markets advanced on Tuesday, 26 October 2021, as positive corporate earnings offered a tailwind to global markets.

China placed a city of four million under lockdown on Tuesday in a bid to stamp out a domestic coronavirus spike, with residents told not to leave home except in emergencies. The restrictions came as China reported 29 new domestic infections -- including six cases in Lanzhou, the provincial capital of northwestern province Gansu.

Meanwhile, South Korea's economy grew at a slower pace in the third quarter, as robust exports were offset by weak domestic demand and construction and facility investments, data from the Bank of Korea showed on Tuesday. Gross domestic product (GDP) grew a seasonally adjusted 0.3% in the September quarter from three months earlier, slowing from 0.8% growth in the preceding quarter.

Earnings Impact:

Kotak Mahindra Bank gained 2.48%. The private sector bank reported a 7% fall in standalone net profit to Rs 2,032 crore on a 2% rise in total income to Rs 8408.87 crore in Q2 FY22 over Q2 FY21. The bank's operating profit before provisions and contingencies jumped fell 4.35% to Rs 3,120 crore in Q2 FY22 from Rs 3,262.12 crore posted in Q2 FY21. Profit before tax declined 7.95% to Rs 2,696 crore in Q1 FY22 from Rs 2,929 crore in Q2 FY21. Net Interest Income (NII) rose 2% quarter on quarter and 3% year on year to Rs 4,021 crore in Q2 FY22. Net Interest Margin (NIM) for Q2FY22 was at 4.45% as compared to 4.6% in Q1 FY22.

Jagran Prakashan rose 8.12% after the company's consolidated net profit surged 378.93% to Rs 61.83 crore on 39.23% increase in net sales to Rs 402.53 crore in Q2 September 2021 over Q2 September 2020. Profit before tax (PBT) surged 520.68% to Rs 81.62 crore in Q2 September 2021 over Q2 September 2020. Operating profit was at Rs 101.37 crore, up by 236.9% from Rs 42.79 crore last year.

Mahindra Lifespace Developers rose 4.40% after the company reported consolidated net profit of Rs 6.52 crore in Q2 FY22 as against net loss of Rs 13.33 crore in Q2 FY21. Consolidated net sales surged 92.46% to Rs 59.24 crore in Q2 FY22 over Q2 FY21. Pre-tax profit stood at Rs 23.93 crore in Q2 FY22 compared with pre-tax loss of Rs 11.71 crore in Q2 FY21.

Jindal Stainless jumped 16.30% after the company reported 34% rise in standalone net profit to Rs 363 crore on a 25% increase in total revenue to Rs 4,815 crore in Q2 FY22 as compared with Q1 FY21. The company said that an overall healthy demand environment post the second wave of COVID in Q1 FY22 pulled up sales volume by 8% over Q1 FY22, to 256,664 tonnes in Q2 FY22. The upward rally in prices of input materials continued unabated throughout the second quarter.

Symphony gained 2.81% after the company reported 100% rise in consolidated net profit to Rs 30 on a 16% increase in sales to Rs 220 crore in Q2 FY22 as compared with Q2 FY21. EBITDA (excluding exceptional items) improved by 37% to Rs 48 crore in the second quarter from Rs 35 crore recorded in the same period last year. EBITDA margin was 21% as on 30 September 2021 as against 14% as on 30 September 2020.

Canara Bank declined 4.23%. The state-run bank's net profit surged 199.86% to Rs 1,332.61 crore on 2.59% increase in total income to Rs 21,331.49 crore in Q2 FY22 over Q2 FY21. The bank's profit before tax (PBT) jumped 260.13% to Rs 2,243.41 crore in Q2 FY22 over Q2 FY21. The bank's provisions and contingencies (excluding tax provisions) fell 15.45% to Rs 3360.23 crore in Q2 FY22 over Q2 FY21.

HDFC Asset Management Company fell 1.15%. The company reported 2% rise in net profit to Rs 344.5 crore on a 19% increase in revenue from operations to Rs 542.3 crore in Q2 FY22 over Q2 FY21. Total expenses rose by 37% YoY to Rs 146.9 crore in the second quarter, due to sharp increases in employee benefit expenses (up 49% YoY) and other expenses (up 39% YoY).

Mangalam Organics jumped 9.95% after the company reported 55.7% rise in consolidated net profit to Rs 22.31 crore on a 66.6% increase in net sales to Rs 143.05 crore in Q2 FY22 over Q2 FY21. Profit before tax in Q2 FY22 stood at Rs 30.36 crore, up by 58.5% to Rs 19.15 crore in Q2 FY21.

Home First Finance Company India jumped 4.63% after the company's net profit surged to Rs 44.87 crore in Q2 FY22 from Rs 14.33 crore in Q2 FY21. Total income increased by 34.3% YoY to Rs 146.16 crore during the quarter. Operating profit increased by 95.6% to Rs 61.55 crore in Q2 FY22 from Rs 31.47 crore in Q2 FY21. Spread on loans stood at 5.6% in Q2 FY22 compared to 5.5% in Q1 FY22 and 4.8% in Q2 FY21. The housing financier's asset under management (AUM) increased by 23.8% YoY to Rs 4,617 crore in Q2 FY22. It recorded disbursements of Rs 515 crore in Q2 FY22, registering a YoY growth of 111.9%.

Stocks in Spotlight:

RPSG Ventures rose 5.73% after the company won a successful bid for a new Indian Premier League (IPL) franchise of Lucknow. The gross payment for the new franchise is Rs 709 crore per year, payable for a period of 10 years. The new franchise shall be entitled to receive share of the central rights income as per relevant rules of BCCI.

Shares of IDFC soared 8.02% and IDFC First Bank surged 7.41%. IDFC on Monday informed the exchanges that IDFC Financial Holding Company, a wholly owned subsidiary of IDFC, has submitted a letter to IDFC First Bank with respect to unlocking value for shareholders of IDFC.

Zee Entertainment Enterprises (ZEEL) rose 4.27%. The media reported that the Bombay High Court on Tuesday granted an injunction to ZEEL in its appeal to not call extraordinary general meeting (EGM) of shareholders.

Invesco Developing Markets Fund and OFI Global China Fund, which together own a 17.88% stake in ZEEL, on 11 September 2021 served a requisition notice to ZEEL to hold an EGM to remove Punit Goenka from the firm's board as director.

Meanwhile, ZEEL informed that its board meeting on Wednesday, 27 October 2021, to consider Q2 results has been cancelled due to lack of quorum. The next date of meeting will be duly informed with fresh notice, it added. Meanwhile, media houses reported that Zee Entertainment has won a court verdict to bar Invesco from calling EGM. The Bombay High Court granted injunction to Zee in appeal to not call EGM.

Powered by Capital Market - Live News