Latest Stock Market News

Tata Power Q2 Results: Revenue from operations declined 1% year-on-year to Rs 15,247 crore. Consolidated EBITDA for the quarter increased 23% to Rs 3,808 crore, driven by expanded solar manufacturing, favorable regulatory developments in distribution, and improved operational efficiency across business segments.

Swiggy has set the price band for its Rs 11,300 crore initial public offering (IPO) at Rs 371-390 per equity share of the face value of Re 1, according to an announcement by the Bengaluru-based Food and grocery delivery company on Wednesday.

L&T Q2 Results: L&T achieved consolidated revenue of Rs 61,555 crore for the quarter ended September 30, 2024, registering a YoY growth of 21%, aided by accelerated progress in the various businesses in the Projects & Manufacturing (P&M) portfolio.

Indian blue-chip indices fell after a two-session rally, weighed down by foreign selling and weak corporate earnings. Sensex dropped by 427 points, while Nifty fell 126 points. Maruti Suzuki and Marico shares rose despite sectoral declines led by Nifty Financials. European and Asian shares also slipped amid US election uncertainty and lower oil prices.

Indian equity indices fell, dragged by banking and pharma stocks. Nifty50 and BSE Sensex closed lower, with notable movements in Capri Global Capital and Poonawalla Fincorp, while Five-Star Business and Cipla faced declines.

Home-grown FMCG and Ayurvedic products maker Dabur on Wednesday announced the acquisition of Sesa Care, engaged in the Ayurvedic personal care and wellness segment, at an enterprise value of Rs 315-325 crore. This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing.

On Wednesday, the Indian market declined after two positive sessions, with the BSE Sensex dropping over 400 points and Nifty50 closing below 24,400. Telecom, FMCG, and capital goods saw buying, while metal and IT sectors faced selling. Poly Medicure hit fresh highs.

The Nifty Bank index closed 0.98 per cent at 51807.50.

Over the past year, gold and silver gained 20-40%, but recent profit-taking and rising US interest rates have caused weakening. Banerjee remains optimistic, projecting gold could rise to ₹90,000 and silver to ₹1,35,000 in the next year.