Sensex Today Trades Flat | KPIT Technologies Jumps 5% | ONGC & JSW Steel Top Losers

Tue, 31 Oct 10:30 am

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Asian equities eased on Tuesday morning as traders braced for the Bank of Japan's policy decision where it is likely to lift its inflation forecasts and ponder tweaks to its bond yield control.

The MSCI's down 0.3%, Nikkei index was down 0.2% and Hang Seng was trading 1% lower.

US stocks rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve's two-day monetary policy meeting.

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	125.75	2.35	1.90%	126.55	123.88	142.38	83.45
Apple	170.29	2.07	1.23%	171.17	168.87	198.23	124.17
Meta	302.66	5.93	2.00%	309.4	299.05	330.54	88.09
Tesla	197.36	-9.94	-4.79%	210.88	191.25	299.29	101.81
Netflix	410.08	12.21	3.07%	412.82	399.41	485	252.09
Amazon	132.71	4.97	3.89%	133.47	127.63	145.86	81.43
Microsoft	337.31	7.5	2.27%	339.45	330.52	366.78	213.43
Dow Jones	32928.96	511.37	1.58%	33002.97	32537.54	35679.13	31429.82
Nasdaq	14335.51	155.09	1.09%	14388.2	14225.86	15932.05	10632.39

Source: Equitymaster

Back home, Indian share markets are trading on a negative note.

At present, the BSE Sensex is trading down by 22 points. Meanwhile, the NSE Nifty is trading 6 points lower.

Tata Motors and BPCL are among the top gainers today.

ONGC and JSW Steel on the other hand are among the top losers today.

Broader markets are trading on a positive note. The BSE Mid Cap index is trading 0.6% higher and the BSE Small Cap index is trading 0.8% higher.

Sectoral indices are trading mixed with stocks in the power sector and realty sector witnessing buying. Meanwhile, stocks in the metal and IT sector witness selling pressure.

The rupee is trading at Rs 83.26 against the US dollar.

In commodity markets, gold prices are trading 0.2% lower at Rs 61,162 per 10 grams today.

Meanwhile, silver prices are trading 0.4% lower at Rs 72,460 per 1 kg.

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 stock markets, Co-head of Research at Equitymaster, Rahul Shah talks about should one take more exposure to stocks right now or wait for the markets to correct further?

Moreover, was Friday's recovery a dead cat bounce or is the worse behind us and the market may make a new high in the coming months?

Find out more in the below video:

TVS Motors Q2 Results

TVS Motor Company, on 30 October 2023, reported a standalone net profit of Rs 5.4 bn, up 32%, in the quarter ended 30 September 2024 on account of higher sales. The automaker had reported a net profit of Rs 4.1 bn in the year-ago period.

Revenue from operations increased 13% to Rs 81.4 bn in the said quarter as against Rs 72.2 bn in the same quarter last fiscal.

The Chennai-based two-wheeler manufacturer's operating Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 22% at Rs 9 bn for the second quarter of 2023-24 as against Rs 7.4 bn in the second quarter of 2022-23, while its EBITDA margin for the quarter came at 11% as compared to 10.2%.

Further, the company's Profit Before Tax (PBT) grew by 32% at Rs 7.2 bn (includes other income of Rs. 375 m towards fair valuation of the current investments) for the second quarter of 2023-24 vis-a-vis Rs. 5.5 bn in the second quarter of the last fiscal.

TVS' overall two-wheeler and three-wheeler sales, including exports, grew by 5%, registering 10.74 lakh units in the quarter ended September 2023 as against 10.27 lakh units registered in the quarter ended September 2022. Its motorcycle sales grew by 3%, registering 4.9 lakh units in the September 2023 quarter against 4.7 lakh units in the quarter ended September 2022.

Total three-wheeler sales for the quarter under review were down by 15% at 0.4 lakh units as against 0.5 lakh units during the second quarter of 2022-23. The company's cumulative TVS iQube sales surpassed 2 lakh units.

For TVS Motor Company, there's enough momentum building up and the company continues to give more reasons why the momentum going forward could be stronger than ever. For more details, check out Why TVS Motor Share Price is Rising.

TVS Motor, a leading Indian two-wheeler maker, is gearing up for a major push into the electric vehicle (EV) space. For details, check out TVS Motor's Bold EV Play: What Investors Need to Know.

Marico Q2 Profit Up 17%

Marico, on 30 October, reported a consolidated net profit of Rs 3.6 bn for the September quarter of FY24, registering a growth of 17% from the same quarter of the previous financial year.

Revenue from operations fell marginally YoY to Rs 24.8 bn which was at Rs 24.9 bn in the year-ago quarter.

EBITDA for the company stood at Rs 4.9 bn, up 15% YoY in the July-to-September quarter.

Marico reported a 3% YoY growth in volumes in the same period.

The oil company's Parachute Coconut Oil business fell by 1% in value terms and increased by 1% in volume terms. Revenue from the Saffola business fell 12% YoY in Q2FY24. Value Added Hair Oils posted a weak revenue growth of 1% YoY in the same period, which reflected a slower recovery in mass personal care categories.

Gross margin expanded by 6.9% points YoY and 0.5% sequentially to reach its highest level in 26 quarters, owing to softer input costs, said the company in a press release.

Marico has announced an interim dividend of Rs 3 per share.

The company launched the Livon Style Pro Range and Parachute Advanced Body Wash and Shower Gel Range in the July-to-September quarter.

To know how Marico is stacked up for the next couple of quarters, check out 5 Stocks to Watch Out for When Inflation Cools Down.

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!

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