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In the cash market, the Nifty 50 declined 72.95 points or 0.29% to 24,781.10.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.42% to 13.88.
Kotak Mahindra Bank, HDFC Bank and Bajaj Auto were the top traded individual stock futures contracts in F&O segment of NSE.
The October 2024 F&O contracts will expire on 31 October 2024.
Bandhan Bank, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, IEX, Manappuram Finance, National Aluminium, PNB, RBL Bank, Sail, Tata Chemical.
Upcoming results:
Infosys, Wipro, Axis Bank, Central Bank of India, Havells India, Indian Overseas Bank, Jindal Stainless, LTIMindtree, Nestle India, Polycab India, Tata Chemicals, Tata Communications.
Stocks to watch:
Bajaj Auto’s standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Meanwhile, the company’s board has approved the additional investment in the equity share capital of Bajaj Brazil, a wholly owned subsidiary of the company of up to $10 million equivalent to Rs 84 crore.
L&T Technology Services (LTTS) consolidated net profit grew 1.91% to Rs 319.60 crore in Q2 FY25 as against Rs 313.60 crore in Q1 FY25. Revenue from operations was at Rs 2,572.9 crore in the September 2024 quarter, up 4.50% as against Rs 2,461.9 crore reported in the preceding quarter same year.
Crisil’s consolidated net profit jumped 12.9% to Rs 172 crore in Q3 FY25 as compared with Rs 152 crore posted in corresponding quarter last year. Total income increased 7.9% YoY to Rs 833 crore in Q3 FY25. The company’s board declared dividend of Rs 15 per share.
Pondy Oxides and Chemicals’ consolidated net profit surged 168% to Rs 15.3 crore in Q2 FY25 as compared with Rs 5.7 crore in same quarter last year. Revenue jumped 45.9% YoY to Rs 579.1 crore in Q2 FY25.
Bikaji Food International entered into share subscription agreement to acquire a 53.02% stake in Hazelunt Factory Food Products for Rs 131 crore.
Oberoi Realty board approved the issuance of non convertible debentures (NCDs) of an aggregate amount to Rs 1,500 crore.
Kolte Patil Developers’ sales jumped 22% to Rs 770 crore and collections grew 16% year-on-year at Rs 550 crore in Q2 FY25.
Aditya Birla Fashion and Retail (ABFRL) arm make additional investment of Rs 75 crore in Wrogn, increasing its stake from 17.10% to 32.84%.
Bajaj Auto Ltd fell 7.64% today to trade at Rs 10730. The BSE Auto index is down 1.85% to quote at 57740.58. The index is down 1.3 % over last one month. Among the other constituents of the index, Hero MotoCorp Ltd decreased 4.21% and TVS Motor Company Ltd lost 3.53% on the day. The BSE Auto index went up 53.97 % over last one year compared to the 23.88% surge in benchmark SENSEX.
Bajaj Auto Ltd has lost 10.17% over last one month compared to 1.3% fall in BSE Auto index and 1.77% drop in the SENSEX. On the BSE, 8073 shares were traded in the counter so far compared with average daily volumes of 10295 shares in the past one month. The stock hit a record high of Rs 12772.15 on 27 Sep 2024. The stock hit a 52-week low of Rs 5067.1 on 17 Oct 2023.
At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 293.84 points or 0.35% to 81,219.61. The Nifty 50 index declined 141.60 points or 0.54% to 24,836.50.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.99% and the S&P BSE Small-Cap index declined 0.82%.
The market breadth was weak. On the BSE, 1,245 shares rose and 2,337 shares fell. A total of 148 shares were unchanged.
Economy:
The Union Cabinet has approved an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1 July 2024 representing an increase of 3% over the existing rate of 50% of the basic pay/pension, to compensate against price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum. This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners.
Result Today:
Infosys (up 1.31%), Wipro (down 0.56%), Axis Bank (down 1.29%), Nestle India (down 0.94%), LTIMindtree (down 0.05%), Tata Chemicals (down 0.57%), Tata Communications (down 2.07%), Ceat (down 1.96%), Havells India (down 3.57%), Jindal Stainless (down 3.57%), Central Bank of India (down 3.57%), Indian Overseas Bank (down 1.40%), 5paisa Capital (down 4.14%), Geojit Financial Services (up 2.21%), Deccan Bearings (up 5%), Dhanlaxmi Bank (up 0.84%), Harshil Agrotech (up 2%), Mahindra EPC Irrigation (up 0.26%), National Standard (down 1.08%), Polycab India (down 1.26%), Quick Heal Technologies (down 0.80%), Shemaroo Entertainment (down 2.43%), Steel Exchange India (up 2.73%) and Tanla Platforms (down 0.80%) will announced their quarterly earnings later today.
Buzzing Index:
The Nifty Auto index fell 3.17% to 25,088.85. The index declined 5.19% in the three trading sessions.
Bajaj Auto (down 10.22%), TVS Motor Company (down 6.11%), Hero MotoCorp (down 4.72%), Bosch (down 3.26%) and Mahindra & Mahindra (down 3.14%), Samvardhana Motherson International (down 2.95%), Balkrishna Industries (down 2.47%), Exide Industries (down 2.46%), Maruti Suzuki India (down 2.42%) and Eicher Motors (down 2.33%) edged lower.
Bajaj Auto tumbled 10.22%. The auto major’s standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24.
Stocks in Spotlight:
JSW Energy shed 0.26%. The company announced the signing of a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for STU-connected 192 MW wind-solar hybrid capacity. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.27 per kWh.
UltraTech Cement fell 0.80%. The company announced that the commissioning of an additional 1.2 mtpa grinding capacity at its existing unit situated at Arakkonam, Tamil Nadu.
Bajaj Auto Ltd, Chennai Petroleum Corporation Ltd, Vedanta Ltd, Grindwell Norton Ltd are among the other stocks to see a surge in volumes on BSE today, 17 October 2024.
CRISIL Ltd clocked volume of 28782 shares by 10:47 IST on BSE, a 12.29 times surge over two-week average daily volume of 2342 shares. The stock gained 2.77% to Rs.4,922.50. Volumes stood at 2333 shares in the last session.
Bajaj Auto Ltd recorded volume of 63661 shares by 10:47 IST on BSE, a 7.54 times surge over two-week average daily volume of 8439 shares. The stock lost 10.43% to Rs.10,405.50. Volumes stood at 11773 shares in the last session.
Chennai Petroleum Corporation Ltd saw volume of 2.05 lakh shares by 10:47 IST on BSE, a 5 fold spurt over two-week average daily volume of 41064 shares. The stock increased 2.75% to Rs.955.90. Volumes stood at 56067 shares in the last session.
Vedanta Ltd registered volume of 15.32 lakh shares by 10:47 IST on BSE, a 2.37 fold spurt over two-week average daily volume of 6.46 lakh shares. The stock slipped 0.93% to Rs.482.25. Volumes stood at 5.05 lakh shares in the last session.
Grindwell Norton Ltd notched up volume of 4150 shares by 10:47 IST on BSE, a 2.19 fold spurt over two-week average daily volume of 1891 shares. The stock rose 1.05% to Rs.2,529.95. Volumes stood at 2089 shares in the last session.
Oberoi Realty Ltd, BF Utilities Ltd, Himadri Speciality Chemical Ltd and Bharat Heavy Electricals Ltd are among the other losers in the BSE's 'A' group today, 17 October 2024.
Bajaj Auto Ltd crashed 12.19% to Rs 10201.45 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 10089 shares in the past one month.
Oberoi Realty Ltd lost 6.15% to Rs 1906. The stock was the second biggest loser in 'A' group.On the BSE, 54780 shares were traded on the counter so far as against the average daily volumes of 23169 shares in the past one month.
BF Utilities Ltd tumbled 6.07% to Rs 1008.05. The stock was the third biggest loser in 'A' group.On the BSE, 43909 shares were traded on the counter so far as against the average daily volumes of 56347 shares in the past one month.
Himadri Speciality Chemical Ltd shed 5.96% to Rs 623.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.06 lakh shares were traded on the counter so far as against the average daily volumes of 1.69 lakh shares in the past one month.
Bharat Heavy Electricals Ltd dropped 5.21% to Rs 255.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 8.07 lakh shares were traded on the counter so far as against the average daily volumes of 6.66 lakh shares in the past one month.
Bajaj Auto Ltd, Chennai Petroleum Corporation Ltd, Latent View Analytics Ltd, Central Bank of India are among the other stocks to see a surge in volumes on NSE today, 17 October 2024.
CRISIL Ltd recorded volume of 8.45 lakh shares by 14:14 IST on NSE, a 14.57 times surge over two-week average daily volume of 57985 shares. The stock gained 2.15% to Rs.4,891.55. Volumes stood at 57904 shares in the last session.
Bajaj Auto Ltd witnessed volume of 30.48 lakh shares by 14:14 IST on NSE, a 8.69 times surge over two-week average daily volume of 3.51 lakh shares. The stock dropped 11.94% to Rs.10,230.15. Volumes stood at 5.05 lakh shares in the last session.
Chennai Petroleum Corporation Ltd clocked volume of 50.03 lakh shares by 14:14 IST on NSE, a 8.09 times surge over two-week average daily volume of 6.18 lakh shares. The stock gained 2.59% to Rs.953.00. Volumes stood at 6.12 lakh shares in the last session.
Latent View Analytics Ltd registered volume of 13.85 lakh shares by 14:14 IST on NSE, a 7.33 fold spurt over two-week average daily volume of 1.89 lakh shares. The stock rose 4.20% to Rs.490.20. Volumes stood at 2.61 lakh shares in the last session.
Central Bank of India witnessed volume of 182.91 lakh shares by 14:14 IST on NSE, a 6.23 times surge over two-week average daily volume of 29.38 lakh shares. The stock increased 2.14% to Rs.58.66. Volumes stood at 26.53 lakh shares in the last session.
In the cash market, the Nifty 50 slipped 221.45 points or 0.89% to 24,749.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.56% to 13.39.
Bajaj Auto, Infosys and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE.