Asian markets were mixed on Friday ahead of Japan's general election over the weekend.
Japan's Nikkei 225 fell 0.52%, while the Topix dropped 0.41%.
The US stock market ended mixed on Thursday, with the Nasdaq and the S&P 500 closing higher, led by a decline in Treasury yields from a three-month high, and Tesla's blowout earnings.
Here's a table showing how US stocks performed on Thursday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
---|---|---|---|---|---|---|---|
Alphabet | 164.53 | 0.05 | 0.03% | 165.05 | 162.77 | 193.3 | 121.46 |
Apple | 230.57 | -0.19 | -0.08% | 230.82 | 228.41 | 237.49 | 164.08 |
Meta | 567.78 | 4.09 | 0.73% | 568.88 | 561.52 | 602.95 | 279.4 |
Tesla | 260.48 | 46.83 | 21.92% | 262.12 | 242.65 | 271 | 138.8 |
Netflix | 754.55 | 5.26 | 0.70% | 755.82 | 746.25 | 773 | 395.62 |
Amazon | 186.38 | 1.67 | 0.90% | 187.11 | 183.86 | 201.2 | 118.35 |
Microsoft | 424.73 | 0.13 | 0.03% | 425.98 | 422.4 | 468.35 | 326.94 |
Dow Jones | 42374.36 | -140.59 | -0.33% | 42522.55 | 42191.83 | 43325.09 | 32327.2 |
Nasdaq | 20232.87 | 165.92 | 0.83% | 20256.38 | 20116.88 | 20690.97 | 14058.33 |
At present, the BSE Sensex is trading 129 points lower and NSE Nifty is trading 60 points lower.
ITC, Axis Bank and HCL Tech among the top gainers today.
NTPC, BPCL and Coal India 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 0.8% lower and the BSE Smallcap index are trading 1.2% lower.
Sectoral indices are trading mixed today with in FMC sector and IT sector witnessing most buying. Meanwhile stocks in metal sector and power sector witnessing selling pressure
The rupee is trading at Rs 84.07 against the US dollar.
In commodity markets, gold prices are trading 0.3% lower at Rs 78,080 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...
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Diversified conglomerate ITC on Thursday reported a 15.6% YoY increase in consolidated revenue in the September 2024 quarter, while the net profit was up 1.9% amid muted demand conditions.
ITC reported a consolidated net profit of Rs 49.9 bn in the September 2024 quarter compared to Rs 48.9 bn in the year-ago period, impacted by the profitability of hotels and paperboards, paper and packaging businesses.
Consolidated gross revenue at Rs 222.8 bn during the September 2024 quarter was supported by all operating segments, especially the agri-business.
The company's board has approved the acquisition of 1.52 crore shares of EIH Ltd and 34.6 lakh shares of HLV Ltd from Russell Credit, a wholly-owned subsidiary of the company.
This is being done to consolidate the shareholding of EIH and HLV under the company.
State-owned power giant NTPC Limited on Thursday posted a 14% rise in consolidated net profit to Rs 53.8 bn for the September quarter. Its net profit in the year-ago period stood at Rs 47.3 bn.
The total income, however, fell to Rs 451.9 bn in the quarter from Rs 453.8 bn a year ago.
The average tariff of the company was Rs 4.67 per unit during the April-September quarter this fiscal compared to Rs 4.61 per unit in the year-ago period.
The Board of Directors also approved the first interim dividend of Rs 2.5 on the face value of paid-up equity shares of Rs 10 each for the financial year 2024-25. The date of payment/dispatch of the dividend will be 18 November 2024.
The gross electricity generation of NTPC decreased to 88.46 billion units (BU) during the second quarter from 90.30 BU a year ago.
Its coal output from captive mines increased to 9.03 MMT in the quarter from 5.59 MMT in the year-ago period. The production also rose during April-September this fiscal to 18.67 MMT from 11.83 MMT.
Plant load factor or capacity utilisation of coal-based thermal power plants fell to 72.3% in the quarter from 75.8%.
Domestic coal supply improved to 54.75 MMT in the second quarter from 54.16 MMT.
Imported coal supply stood at 1.13 MMT in the quarter against 1.25 MMT a year ago.
Gas consumption stood at 2.05 MMSCMD against 4.53 MMSCMD.
In a separate statement, NTPC said it has partnered with the Indian Army to establish a solar hydrogen-based microgrid at Chushul, Ladakh. The project will provide a stable power supply using green hydrogen in off-grid army locations.
Dixon Technologies now expects to earn Rs 400 bn in revenue in the financial year 2025, according to its MD & CEO Atul Lall. This is 25% to 33% higher than the earlier guidance of Rs 300 bn to Rs 320 bn that the management had shared.
The Dixon MD & CEO also added that the margins in its mobile segment, which is the largest for the company will also improve from 3.3% to 4.5% in the next 12 to 18 months, as it looks to include more value addition in the business.
The mobile segment contributed 82% to Dixon's topline during the quarter, compared to 57% during the year-ago quarter.
Lall mentioned that the mobile segment is the biggest growth trigger and the addressable market of mobile is the largest in the economy. He added that all brands in the Android ecosystem are customers of Dixon.
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