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Sensex Today Trades Higher | Nifty Above 24,400 | Amber Enterprises Rallies 7%
Wed, 23 Oct 10:30 am

Sensex Today Trades Higher | Nifty Above 24,400 | Amber Enterprises Rallies 7%Image source: ThinkNeo/www.istockphoto.com

Asian markets traded mixed on Wednesday, reflecting subdued risk appetite. Japan's Nikkei 225 was flat, while the Topix fell marginally.

US stock market ended flat, with the Nasdaq seeing a modest gain, while Treasury yields spiked.

The Dow Jones Industrial Average eased 6.71 points, or 0.02%, to 42,924.89, while the S&P 500 fell 2.78 points, or 0.05%, to 5,851.20.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet166.821.020.62%167.47164.67193.3121.46
Apple235.86-0.62-0.26%236.22232.6237.49164.08
Meta582.016.851.19%583.53572.12602.95279.4
Tesla217.97-0.88-0.40%218.22215.26271138.8
Netflix764.24-7.83-1.01%769.7761.12773395.62
Amazon189.70.630.33%191.52186.98201.2118.35
Microsoft427.518.732.08%430.58418.04468.35324.39
Dow Jones42924.89-6.71-0.02%43041.0542718.2643325.0932327.2
Nasdaq20383.6522.180.11%20437.9320218.8520690.9714058.33
Data Source: Equitymaster

At present, the BSE Sensex is trading 81 points higher and NSE Nifty is trading 13 points higher.

HDFC Bank, Nestle and Bajaj Auto among the top gainers today.

Coal India, M&M and Eicher Motors 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 negative note. The BSE Midcap index is trading and the BSE Smallcap index are trading marginally lower.

Sectoral indices are trading mixed today with in IT sector and finance sector witnessing most buying. Meanwhile stocks in power sector and realty sector witnessing selling pressure

The rupee is trading at Rs 84.08 against the US dollar.

In commodity markets, gold prices are trading marginally lower at Rs 78,640 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, turnaround stocks can be a goldmine, but finding the right ones can be tricky.

In this video, Rahul Shah, Co-head of research at Equitymaster shares his strategy for identifying 'good' turnaround stocks and avoiding the 'bad' ones.

Plus, he reveals 3 picks that you can keep on your watchlist.

Watch now.

Adani Green Q2 Results

Adani Green Energy Solutions Ltd on Tuesday (October 22) reported a 38.8% year-on-year (YoY) jump in net profit at Rs 5.2 bn for the second quarter that ended 30 September 2024.

In the corresponding quarter of the previous fiscal, Adani Green Energy Solutions posted a net profit of Rs 3.7 bn, the company said in a regulatory filing.

The company's revenue from operations surged 27.6% to Rs 30.6 bn against Rs 22.2 bn in the corresponding period of the preceding fiscal.

At the operating level, EBITDA increased 24.8% to Rs 22.7 bn in the second quarter of this fiscal over Rs 18.2 bn in the year-ago period.

The EBITDA margin stood at 74.4% in the reporting quarter versus 82% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Adani Green's operational capacity grew by 34% YoY to 11,184 MW in Q2, driven by the greenfield addition of 2,868 MW of power plants.

Energy sales increased by 20% YoY to 14,128 million units in H1 FY25, reflecting the impact of robust capacity expansion.

The company has shown steady growth in energy generation at a compound annual growth rate (CAGR) of 49% over the past four years, with an increasing contribution from merchant power.

Tata Power vs Adani Green Energy

Reliance- Disney Merger

The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India, entailing various conditions, including divestment of seven TV channels.

As part of seeking the regulator's approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights.

Also, the parties will sell seven TV channels, including Hungama and Super Hungama.

Among other conditions, the companies have voluntarily agreed that they will not bundle together the TV ad slot sales for all three cricketing rights available with them -- IPL, ICC and BCCI -- for the remaining tenure of the existing rights.

The parties have given an undertaking that they will not increase the advertisement rates to an unreasonable level on their TV and streaming platforms for the ICC and IPL events till the current rights are held by them.

The merger was approved in August, three months after they filed for it, paving the way for the creation of the country's largest media and entertainment firm.

CCI had then said that the approval is subject to compliance with voluntary modifications to the merger scheme.

RIL will control the merged entity, with a 56% stake. Disney will own 37% of the combined firm, while Bodhi Tree Systems will have the remaining 7% stake.

Zomato Q2 Results

Food delivery company Zomato on Tuesday reported 389% growth in its consolidated net profit at Rs 1.8 bn in the second quarter, compared with Rs 360 m a year ago. However, the PAT missed the Street estimate of Rs 2.6 bn

Revenue from operations rose 68% year-on-year (YoY) to Rs 47.9 bn in the reporting period.

The bottomline growth was driven by a steady increase in food delivery margins and quick commerce business continuing to remain near break-even.

Adjusted EBITDA for the reporting quarter also rose multifold to Rs 3.3 bn against Rs 410 m in the same period last year.

The gross order value (GOV) growth across the B2C businesses improved to 55% YoY to Rs 176.7 bn in Q2FY25. On a like-for-like basis (excluding the impact of the acquisition of Paytm's entertainment ticketing business) GOV growth was 53% YoY.

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

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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