Sensex Today Trades Flat | Nifty Above 24,800 | Ola Electric Falls 4%, Tata Motors 3%

Tue, 8 Oct 10:30 am

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Asian stocks declined following losses in the US, with investors focused on the reopening of Chinese markets following a weeklong holiday.

Wall Street's three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict's impact on oil prices.

Here's a table showing how US stocks performed on Monday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	164.39	-4.17	-2.47%	169.9	164.13	193.3	121.46
Apple	221.69	-5.11	-2.25%	225.69	221.33	237.23	164.08
Meta	584.78	-11.16	-1.87%	602.95	584.04	602.95	279.4
Tesla	240.83	-9.25	-3.70%	249.83	240.7	271	138.8
Netflix	701.92	-17.78	-2.47%	715.88	696.43	725.25	344.73
Amazon	180.8	-5.71	-3.06%	183.6	180.25	201.2	118.35
Microsoft	409.54	-6.52	-1.57%	417.11	409	468.35	323.23
Dow Jones	41954.24	-398.51	-0.94%	42293.64	41831.74	42628.32	32327.2
Nasdaq	19800.74	-234.28	-1.17%	19990.12	19763.04	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 20 points higher and NSE Nifty is trading 39 points higher.

M&M, HUL and Trent among the top gainers today.

Tata Steel, Tata Motors and Hindalco the other hand are among the top losers today.

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.

Broader markets are trading on positive. The BSE Midcap index is trading 0.3% lower and the BSE Smallcap index is trading flat.

Sectoral indices are trading mixed today with stocks in telecom sector and FMCG sector witnessing buying.

Meanwhile stocks in auto sector and metal sector witnessing selling pressure.

The rupee is trading at Rs 83.95 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 75,892 per 10 grams 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...

Speaking of the stock market, the aggressive expansion plans of the retailing sector players are not without reason. The sector is witnessing strong growth driven by increased urbanization and demand for organised and high-quality retail spaces.

This is fuelled by the rising demand for big brands thanks to their reach on social media.

This highlights India's emergence as a key player in the global retail market.

Research Analyst, Tanushree Banerjee in her latest video talks about, can top retailing stocks like Trent continue to fetch steep valuations? Find out.

Tune in for more

Tata Motors' Jaguar Sales

The automaker's wholly-owned subsidiary, Jaguar Land Rover, reported a 33% year-on-year growth in its sales for September.

In the month under review, Tata Motors' JLR sales in the UK rose to a multi-month high of 10,807 units compared to 8,125 units in September 2023.

Land Rover sales saw a jump of around 47% at 8,933 units, compared to 6,117 cars sold in September 2023. This compares to 2,681 car sales in August and 6,121 units in July of this year. Jaguar's sales, on the other hand, stood at 1,814 cars, a nearly 10% decline compared to the 2,008 units sold in the same month last year.

Tata Motors recorded domestic sales of 69,694 units last month compared to 82,023 in September 2023. On a month-on-month basis, the carmaker saw a 0.4% rise in sales.

The company indicated that slow consumer demand and seasonal factors have led to the drop in sales. The HCV segment has been impacted due to a slowdown in infrastructure project execution, and a reduction in mining activity.

The company's electric vehicle sales were also impacted as it sold 4,680 EVs during the month under review compared to 6,050 in September 2023. This implies, the company sold 23% fewer EVs on a year-on-year basis and 21% fewer when compared to August 2024.

Nykaa Q2 Update

The company's electric vehicle sales were also impacted as it sold 4,680 EVs during the month under review compared to 6,050 in September 2023. This implies, the company sold 23% fewer EVs on a year-on-year basis and 21% fewer when compared to August 2024.

The company's beauty segment registered a robust expansion in both net revenue and net sales value (NSV), also in the mid-twenties, with gross merchandise value (GMV) growth rising further.

This growth was bolstered by strong results across omnichannel retail, owned brands, and eB2B distribution as the festive season approaches. Dot & Key, a skincare brand in which Nykaa now holds a 90% stake, continued its high growth trajectory.

Nykaa's fashion vertical recorded NSV growth in the early teens, with revenue for the entire vertical rising by the early twenties. The company's content platform, LBB, also performed well and contributed to this growth.

Overall, demand in India's beauty market remains strong, driven by higher per capita income and consumption rates.

Ola Electric Receives Show Cause Notice

The central government has stepped in to address consumer complaints regarding service deficiencies of e-scooter manufacturer Ola Electric.

The Central Consumer Protection Authority (CCPA) has taken cognisance of thousands of complaints and issued a show-cause notice to Ola Electric.

The company has been asked to respond to the notice within 15 days of receipt.

The National Consumer Helpline, operated by the Department of Consumer Affairs, has received 10,644 complaints since September last year, alleging service issues related to Ola e-scooters. The complaints are from 1st September 2023 to 30th August 2024.

Of these, 3,389 complaints-nearly one-third-pertain to delays in providing service for its e-scooters. Another 1,899 complaints involve delays in the delivery of new vehicles, while 1,459 complaints were registered for services that were promised but not provided.

Sources further indicated that Ola Electric may have violated several provisions of the Consumer Protection Act, including deficiencies in services, misleading advertisements, unfair trade practices, and violations of consumer rights. The company has been asked to respond to the notice.

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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