Latest Stock Market News

On the technical charts, the RSI of the stock stood at 51.22.

​Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back

A total of 578,133 shares changed hands on the counter till 02:09PM (IST).

Hyundai India Q2 Results: Revenue from operations in the reporting period, too, fell 7% year-on-year (YoY) to Rs 17,260 crore. The stock is trading 2.50% lower. The company reported an EBITDA of Rs 2,205 crore in Q2, a 10% drop from Rs 2,440 crore in the same quarter last year. Margins also decreased by 30 basis points year-over-year, reaching 12.8% for the period. Hyundai India cited weak market sentiment and geopolitical factors as reasons for the decline in PAT.

Basic resources dipped 1.5% as most metal prices fell, while personal and household goods, which houses heavyweight China-exposed luxury firms, dropped 1.3%.

Over the last five weeks, a total of $575 million have been pulled out of India-dedicated funds, Elara Capital said. Out of the $575 million, a total of $360 million was redeemed from largecap funds, while $215 million was withdrawn from mid-cap funds.

Despite a recent downturn and concerns about valuations in the small-cap market, high-growth potential in this sector makes it a fertile ground for substantial wealth creation. A five-year analysis of profit growth across various market caps confirms that small-cap companies consistently demonstrate the most significant growth.

Gautam Duggad, Head of Research at Motilal Oswal, shares his insights on the shifting landscape of the Indian consumption sector. While reducing their exposure to consumer discretionary stocks, they are finding opportunities in specific areas like jewelry, hotels, and food delivery. Their current focus has shifted towards sectors like IT, private banks, real estate, and industrials.

Chip-related shares followed their U.S. peers lower and were the biggest drag on the benchmark Nikkei. The Philadelphia SE Semiconductor index declined 2.5% on Monday.

This downfall has been despite the company’s new brand launch called Pome, which sells lab-grown diamonds, and the company posting a 46% YoY jump in its net profit for the second quarter ended September 2024.