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Sensex Today Trades Higher | Nifty Above 24,200 | IndiGo Tanks 10%, Yes Bank Rallies 9%
Mon, 28 Oct 10:30 am

Sensex Today Trades Higher | Nifty Above 24,200 | IndiGo Tanks 10%, Yes Bank Rallies 9%Image source: ThinkNeo/www.istockphoto.com

Some Asian equity benchmarks advanced, with a decline in Treasury yields boosting sentiment. Japanese shares underperformed after the yen strengthened.

Indexes in Australia and South Korea advanced, offsetting Japan's slide to keep MSCI's Asian index flat.

US stocks were mixed after the close on Friday, as gains in the Technology, Oil & Gas and Consumer Goods sectors led shares higher while losses in the Telecoms, Utilities and Financials sectors led shares lower.

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

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet166.992.461.50%167.40165.23193.30121.46
Apple231.410.840.36%233.22229.57237.49164.08
Meta573.255.470.96%581.29571.72602.95279.40
Tesla269.198.713.34%269.49255.32271.00138.80
Netflix754.680.130.02%768.50753.53773.00395.62
Amazon187.831.450.78%190.45187.53201.20118.35
Microsoft428.153.420.81%432.52426.57468.35326.94
Dow Jones42114.40-259.96-0.61%42594.6442051.3943325.0932327.20
Nasdaq20352.02119.140.59%20552.8220322.2520690.9714058.33
Source: Equitymaster

At present, the BSE Sensex is trading 230 points higher and NSE Nifty is trading 31 points higher.

SBI, BPCL and Hindalco among the top gainers today.

Coal India, ONGC and ITC 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 note. The BSE Midcap index is trading 0.3% higher and the BSE Smallcap index are trading 0.4% higher.

Sectoral indices are trading mixed today with in banking sector and finance sector witnessing most buying. Meanwhile stocks in realty 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 0.5% lower at Rs 78,180 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.

Titagarh Rail Q2 Results

The country's largest wagon-maker, Titagarh Rail Systems Ltd (TRSL), on Saturday (26 October) reported a 14.3% year-on-year (YoY) increase in net profit at Rs 807 m for the second quarter that ended 30 September 2024.

In the corresponding quarter of the previous fiscal, Titagarh Rail Systems posted a net profit of Rs 706 m, the company said in a regulatory filing. The company's revenue from operations was up by 13% to Rs 10.6 bn as against Rs 9.4 bn in the corresponding period of the preceding fiscal.

At the operating level, EBITDA rises 12.4% to Rs 1.3 bn in the second quarter of this fiscal over Rs 1.2 bn in the corresponding period in the previous fiscal. EBITDA margin was flat at 12.3% in the reporting quarter. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The results came after the close of the market hours on Friday.

REC Profit Jumps 7%

State-owned REC Ltd on Saturday posted around 7% rise in its consolidated net profit to Rs 40.4 bn for the September 2024 quarter, mainly on the back of higher income.

Its consolidated net profit stood at Rs 37.9 bn in the quarter ended September 2024.

The total income rose to Rs 137.1 bn in the quarter under review from Rs 116.8 bn a year ago.

The board also approved the second interim dividend of Rs 4 per equity share of Rs 10 each for 2024-25.

The record date for the interim dividend is 18 November.

The interim dividend will be paid on or before 22 November 2024.

The earnings per share (EPS) for the period ended 30 September 2024 accelerated to Rs 28.28 per share (annualised Rs 56.56) per share against Rs 25.57 per share (annualised Rs 51.14) as of September 2023.

Its net worth has grown to Rs 728.9 bn as of 30 September 2024, compared to Rs 631.2 bn as of 30 September 2023, registering an increase of 15% year-on-year.

The loan book has maintained its growth trajectory and increased by 15.2% to Rs 5.5 trillion (tn) from Rs 4.7 tn as of 30 September 2023.

The net credit-impaired assets reduced to 0.88 per cent from 0.9% a year ago, with a provision coverage ratio of 65.1% on NPA assets as of 30 September 2024.

Indicating ample opportunity to support future growth, its capital adequacy ratio (CRAR) stands at 25.3%.

The overall disbursement was 14 per cent higher than Rs 415.9 bn in the September quarter of FY24.

REC share price - 1 year performance

CDSL Q2 Revenue Up 56%

Leading depository Central Depository Services Ltd (CDSL) on Saturday (26 October) reported a 48.8% year-on-year (YoY) jump in net profit at Rs 1.6 bn for the September 2024 quarter.

In the corresponding quarter of the previous fiscal, Central Depository Services posted a net profit of Rs 1.1 bn.

The company's revenue from operations zoomed 55.5% to Rs 3.2 bn as against Rs 2.1 bn in the corresponding period of the preceding fiscal.

Central Depository Services became the first depository to surpass 135 m registered demat accounts as of 30 September 2024. In the second quarter of FY 2024-25 alone, 11.8 m new demat accounts were opened.

CDSL is currently the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an electronic account.

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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