Benchmark indices rose more than half a percent for the second consecutive session, following to favorable global signals. US futures are trading slightly lower.
Brent Crude: 75.78 0.26%
USD INR Spot: 82.7982 0.120%
India 10Y Bond yield: 6.987 -0.24%
Market breadth for Nifty 50
Sectoral performance.
More stats at: stocks.zerodha.com
Amongst the F&O stocks
Adani Enterprises was the top gainer.
Siemens was the top loser.
Earnings Update:
CESC: Net Profit: Rs. 433 cr
2.1% YoY; Revenue Rs. 3,102 cr
3% YoY.
Indiabulls Hsg Finance: Net Profit: Rs. 262.6 cr
14.4% YoY; NII: Rs. 733.6 cr
13.5% YoY.
Shree Cement: Net Profit: Rs. 546.2 cr
15.3% YoY; Revenue: Rs. 4,785.1 cr
16.7% YoY.
News
RBI Governor Shaktikanta Das urged customers not to rush to banks. They have four months until September 30 to exchange or transfer their Rs 2,000 notes. The notes are being withdrawn but will remain legal tender.
TCS-led consortium, which includes Tejas Networks, received an advance purchase order from BSNL for the deployment of a 4G network across India.
Meta fined 1.2 billion euros for violating European Union data privacy laws under the bloc’s General Data Protection Regulation (GDPR), and was also ordered to stop moving data collected from European Facebook users to the US.
Siemens stock plummeted 8% following a 5% drop on Friday, triggered by the board’s approval of selling its low voltage motors and geared motors businesses to subsidiary Siemens Large Drives India for Rs 2,200 crore.
L&T secured significant orders valued at over Rs 2,500 crore in the Power Transmission & Distribution (PT&D) sector from a prominent Gujarat DISCOM in India. Additionally, L&T also secured two power transmission line orders in Saudi Arabia.
Airports Authority of India (AAI) has returned to profitability, posting a profit of Rs 3,400 crore in FY 22-23. This comes after two consecutive years of losses, and the turnaround can be attributed to the significant increase in domestic air traffic.