Sensex Today Trades Marginally Higher | Nifty Below 24,450 | Hindalco Falls 5%

Thu, 24 Oct 10:30 am

   Previous Close   

   Pre-Open   

   Closing   

Equities in Asia fell while the yen stabilized along with Treasuries after a selloff on Wednesday as traders scaled back bets on US interest-rate cuts.

US Stocks fell sharply on Wednesday, with the Dow Jones Industrial Average posting its worst day in more than a month, as higher Treasury yields weighed on market sentiment.

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

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	164.48	-2.34	-1.40%	167.60	163.63	193.30	121.46
Apple	230.76	-5.10	-2.16%	235.14	227.76	237.49	164.08
Meta	563.69	-18.32	-3.15%	585.00	562.50	602.95	279.40
Tesla	213.65	-4.32	-1.98%	218.72	212.11	271.00	138.80
Netflix	749.29	-14.95	-1.96%	763.79	744.26	773.00	395.62
Amazon	184.71	-4.99	-2.63%	189.16	183.69	201.20	118.35
Microsoft	424.60	-2.91	-0.68%	431.08	422.53	468.35	326.94
Dow Jones	42514.95	-409.94	-0.96%	42834.40	42293.17	43325.09	32327.20
Nasdaq	20066.96	-316.69	-1.55%	20312.78	19934.92	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 65 points higher and NSE Nifty is trading 25 points lower.

HDFC Bank, Tata Motors and Trent among the top gainers today.

Hindalco, HUL and Bharti Airtel 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 0.3% higher.

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

The rupee is trading at Rs 84.07 against the US dollar.

In commodity markets, gold prices are trading 0.2% higher at Rs 77,970 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.

HUL to Separate Ice Cream Business

In a significant move, the Board of Directors of Hindustan Unilever Limited (HUL) announced the decision to separate its ice cream business on Wednesday.

This decision follows a thorough evaluation by a committee of Independent Directors, which was tasked with determining the best path forward for this segment.

The Independent Committee outlined several key considerations that influenced the Board's decision.

The ice cream category, which contributes approximately 3% to HUL's overall turnover, is identified as a high-growth market that requires substantial investments to unlock its full potential.

Given Unilever owns the trademarks and know-how and has announced the separation of its ice cream business, local capabilities will need to be developed to continue running the business.

The ice cream business operates under a unique model that includes specialised cold chain infrastructure and a distinct channel landscape, which limits potential synergies with the rest of HUL's operations.

This restructuring is aimed at allowing HUL to concentrate more on its core business areas while enhancing its presence in trending sectors such as beauty, food, health, and Well-being.

By separating the ice cream business, HUL will enable this segment to operate with increased flexibility and focus, ultimately maximizing value for shareholders.

Pidilite Industries Q2 Results

Fevicol maker Pidilite Industries posted a double-digit jump in its second quarter net profit aided by favourable input costs, but revenue growth stayed in the mid-single digits.

In its financial results for the second quarter of FY25, Pidilite announced a net profit of Rs 5.4 bn, marking a 17.8% increase compared to Rs 4.6 bn in the corresponding quarter of the previous fiscal year.

The adhesive maker's revenue stood at Rs 32.3 bn. On the operational front, Pidilite's EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 7.7 bn, resulting in a margin improvement to 23.8%.

The company's consumer business showed a volume growth of just 6%, which was below the expected range of 8-10%.

In Q2FY25, consumer revenue grew by 2.9% year-on-year (YoY) to Rs 25.8 bn, up from Rs 25.1 bn in the same period last year. The EBIT for this segment increased by 11.2% to Rs 7.7 bn, with margins improving to 29.9%, up from 27.6%.

Compared to its consumer business, Pidilite's B2B segment exhibited robust growth, with a 21% increase in volume driven by its industrial and project verticals.

Despite the challenges on the demand front owing to adverse weather conditions at the start of the quarter, the company has expressed optimism for the second half of the fiscal year.

A healthy monsoon, increased government spending, and growing new construction activity are seen as positive indicators for future demand.

Piramal Enterprises Profit Surges 238%

Piramal Enterprises Ltd. (PEL), a leading diversified NBFC, reported a substantial 238% year-on-year (YoY) jump in consolidated net profit to Rs 1.6 bn.

This marks a significant rise from Rs 481.9 m in the corresponding quarter of the previous fiscal.

The company posted total revenue of Rs 20.8 bn for Q2 FY25, reflecting a 17% YoY increase from Rs 17.8 bn in Q2 FY24.

The company's Growth AUM surged 45% YoY to Rs 626.3 bn, while its retail lending segment saw a 42% rise in AUM to Rs 547.4 bn. Mortgage disbursements also increased by 39% YoY, reaching Rs 46.5 bn.

Despite higher operating expenses, which grew 12% YoY to Rs 7.4 bn, the company managed to improve its operational efficiency, leading to a 58% YoY jump in pre-provision operating profit (PPOP), which stood at Rs 3.9 bn. Provisions for loan losses also surged 60% YoY to Rs 3.2 bn.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

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

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers