Stock Market Daily Updates

Stock Market Summary – Nifty 50 Soars

Today’s Market Performance: In Stock Market

• Nifty 50: The Nifty 50 stocks had an impressive surge today.

Sector Highlights:

• Top Gainers: Realty and oil & gas sectors recorded significant gains.
• Top Losers: Auto and consumer durables stocks faced notable declines.

Global Market Snapshot:

• All other Asian markets, except Japan, also closed positively.

Top Gainers (Nifty 50):

• BPCL: Rs 346.90, ▲ 3.57%
• Ultra Tech: Rs 8,401.60, ▲ 2.33%
• ONGC: Rs 188.80, ▲ 2.19%
• Reliance: Rs 2,312.50, ▲ 2.06%
• SBI Life: Rs 1,326.20, ▲ 1.79%

Top Losers (Nifty 50):

• UPL: Rs 538.65, ▼ 3.58%
• Tata Motors: Rs 628.50, ▼ 1.96%
• Maruti Suzuki: Rs 10,397.70, ▼ 1.54%
• Axis Bank: Rs 989.20, ▼ 1.35%
• Bajaj Auto: Rs 5,308.90, ▼ 1.20%

Noteworthy Updates:

• Apple India: Reported a 48% YoY increase in revenue for the financial year 2023, reaching Rs 49,332 cr. Net profit also saw a substantial rise of 77% to Rs 2,229.65 cr.
• IRDAI Circular: IRDAI issued a circular, requiring insurers to provide Customer Information Sheets (CIS) to policyholders. The goal is to simplify complex insurance policy details.

Stock Market: Stocks in the Headlines:

• TVS Motor: Reported a 32% YoY increase in net profit to Rs 537 cr.
• Gujarat Gas: Announced a Rs 2.3 per standard cubic meter increase in industrial gas prices to Rs 45.6/scm.
• Reliance Industries: Shareholders approved the appointment of Isha Ambani, Akash Ambani, and Anant Ambani as non-executive directors.
• Marico: Announced a dividend of Rs 3 per share.
• Airtel: Airtel Africa reported an 8.8% YoY decline in consolidated net profit at $138 million in the July-Sept quarter.
• Petronet LNG: Approved an investment of Rs 20,685 cr for a petrochemical plant in Dahej, Gujarat.
• Indian Oil: Sri Lanka’s government renewed the petroleum products license for 20 years granted to Lanka IOC, a subsidiary of Indian Oil Corp.

IPO Corner:

Subscription Status:

• Cello World IPO: Subscribed 0.38 times. Retail investors subscribed 0.35 times. Open till 1 Nov.

Upcoming IPO:

• Honasa Consumer IPO: Opens on 31 Oct 2023. Issue Size: Rs 1,701 cr.

1 Day Market Changes:

• Gold: ₹61,286, ▲ 0.69%
• Silver: ₹72,884, ▲ 1.95%
• USD-INR: ₹83.28/USD, ▲ 0.03%
• Dow Jones: 32,417.59, ▼ 1.12%
• Nasdaq: 12,643.01, ▲ 0.38%

Long-Term Returns (Past 20 years):

• Sensex: ▲ 13.86% p.a.
• Nifty: ▲ 13.51% p.a.
• Dow Jones: ▲ 6.17% p.a.
• Nasdaq: ▲ 9.83% p.a.

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