Sensex Today Ends 23 Points Higher | Nifty Above 24,800 | Mazagon Dock Shipbuilders Rallies 10%

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Indian stocks began trading at an all-time high on Monday, driven by gains in the banking sector following positive quarterly results from major lenders.

Indian stocks began trading at an all-time high on Monday, driven by gains in the banking sector following positive quarterly results from major lenders.

At the closing bell, the BSE Sensex stood higher by 23 points.

Meanwhile, the NSE Nifty closed higher by 1 point.

Nestle, ICICI Bank and Titan among the top gainers today.

Tech Mahindra, NTPC and BPCL on the other hand, were among the top losers today.

The GIFT Nifty was trading at 24,939, down by 12 points, at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.8% higher and BSE SmallCap index ended 1.2% higher.

Sectoral indices are trading mixed, with socks in auto sector, oil & gas and realty sector witnessing most buying. Meanwhile stocks in telecom sector and IT sector witnessed selling pressure.

Shares of Info Edge, Pfizer and TCS hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.73 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 68,875 per 10 grams.

Meanwhile, silver prices were trading 0.9% higher at Rs 82096 per 1 kg.

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Rahul Shah, co-head of research at Equitymaster in his latest video talks about Suzlon and where did he go wrong.

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BEL Q1 Results

Moving on to news from the defence sector, shares of Bharat Electronics Ltd., the Navratna defence PSU, surged as much as 5% on Monday after the company released its quarterly results for the April-June period.

For the June quarter, the company's net profit increased by 46% year-on-year to Rs 7.8 bn.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also saw a 41% jump from the year-ago quarter to Rs 9.4 bn.

EBITDA margin for the quarter expanded by over 3.3% to 22.3% from 19% last year.

The company said in an exchange filing that the order book position for the company on 1 July 2024, stood at Rs 767.1 bn.

Formed under the Ministry of Defence, Bharat Electronics is a multi-product, multi-technology conglomerate that provides products and systems to the defence sector.

It has a wide product portfolio, including radars, fire control systems, missile systems, communication systems, tank electronics, and gun upgrades.

Adani Wilmar Clocks Highest Ever Net Profit

Moving on to news from the FMCG sector, Adani Wilmar zoomed 6.9% to Rs 348.1 after the company reported a consolidated net profit of Rs 3.1 bn in Q1 FY25 as against a net loss of Rs 0.8 bn posted in Q1 FY24.

The company achieved revenue of Rs 14,169 crore in Q1 FY25, driven by 12% YoY volume growth.

In Q1 FY25, the edible oil segment revenue grew 8% YoY to Rs 106.5 bn, with an underlying volume growth of 12% YoY.

This represents the second consecutive quarter of double-digit volume growth, increasing market share.

The Food & FMCG segment revenue in Q1 FY25 grew by 40% to Rs 15.3 bn, with an underlying volume growth of 42% YoY.

While Oleo and Castor Oil in the Industry Essential segment experienced strong double-digit volume growth, a decline in the oil meal business impacted the segment's overall growth.

Strong business momentum has led to increased market share in key product categories.

In edible oils, the ROCP (Refined Oil Consumer Pack) market share of AWL increased by 60bps YoY to 19.0% on a moving annual total (MAT) basis, whereas in Wheat flour, the market share increased by 0.9% YoY to 5.9%. Additionally, branded export volume has surged by 36% YoY.

The company recorded its highest-ever EBITDA of Rs 6.2 bn, up by 375% YoY, in Q1 FY25 on the back of stability in edible oil prices.

The stability in edible oil prices augurs well for our business, allowing us to deliver strong profits over the past three quarters.

Why This Reliance Backed Stock Rally 52% in 9 days?

Moving on to news from the food & tobacco space, shares of Lotus Chocolate Company were locked in the upper circuit for the eighth straight trading day, up 5 per cent at Rs 1,035.1 on the BSE on Monday.

As many as 120,000 shares changed hands so far as compared to sub 10,000 shares traded in the past two weeks on the BSE.

There were pending buy orders for 11,970 shares on the exchange, data shows. Lotus Chocolate Company trades under the 'X' category. Companies falling in the X sub-group are traded only on the BSE and not on the NSE.

Lotus Chocolate Company is primarily engaged in the manufacturing of Chocolates, Cocoa Products and other similar products in nature.

Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), acquired a controlling stake in the Lotus Chocolate Company on 24 May 2023.

Meanwhile, the recent rally in stock price of Lotus Chocolate Company is on the back of strong earnings, as the company reported a profit of Rs 94.1 m for the June 2024 (Q1FY25) quarter.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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