At 13:30 IST, the barometer index, the S&P BSE Sensex, tumbled 774.84 points or 0.97% to 79,290.32. The Nifty 50 index dropped 299.40 points or 1.23% to 24,100.
Posts in category Business Standard
Bank Nifty down 2%, PSB index 4%: Reasons why bank stocks are falling today (25-10-2024)
Bank stocks today: The Nifty Bank index today fell 2.1 per cent in the intraday trade, to hit a low of 50,440.6 level on the NSE (National Stock Exchange)
Justice Sanjiv Khanna appointed as next Chief Justice of India (25-10-2024)
Justice Khanna, currently the second senior-most judge of the Supreme Court, will become India’s 51st Chief Justice, serving until his retirement on May 13, 2025. Since his elevation to the Supreme Court on January 18, 2019, Justice Khanna has delivered several landmark judgments, contributing to crucial rulings on personal liberty, democratic values, and individual autonomy. Renowned for his meticulous case preparation, Justice Khanna is also noted for his pragmatic approach to dispute resolution and effective use of judicial time, making him a respected figure within Indias judiciary.
Here’s why Aarti Drugs shares fell 4% on October 25, more details here (25-10-2024)
The fall in Aarti Drugs share price came after the company reported a weak set of September quarter (Q2FY25) earnings.
Suryoday SFB slumps after Q2 PAT slides 10% YoY to Rs 45 cr (25-10-2024)
Suryoday Small Finance Bank tumbled 11.63% to Rs 137.90 after the bank reported 9.76% decline in net profit to Rs 45.39 crore in Q2 FY25 as against Rs 50.30 crore posted in Q2 FY24.
Equity investors poorer by Rs 7.15 trn in morning trade as markets slump (25-10-2024)
Investors’ wealth eroded by a whopping Rs 7.15 lakh crore during the morning trade on Friday as equity markets tumbled, driven by sharp fall in IndusInd Bank shares and unabated foreign fund outflows.
The BSE Sensex tanked 708.69 points to 79,356.47 and the NSE Nifty plunged 286.35 points to 24,113.05.
Tracking the weak trend in equities, the market capitalisation of BSE-listed firms tumbled Rs 7,15,739.19 crore to Rs 4,36,63,565.73 crore (USD 5.19 trillion) during the morning trade.
From the 30 Sensex pack, IndusInd Bank plunged over 19 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down majorly by concerns about asset quality.
Mahindra & Mahindra, NTPC, Larsen & Toubro, Adani Ports, Titan, Tata Steel and JSW Steel were also among the laggards.
From the blue-chip pack, ITC jumped over 3 per cent after the diversified entity reported an 1.8 per cent increase in its consolidated net profit to Rs 5,054.43 crore in
Shriram Properties drops after ED conducts raids (25-10-2024)
Shriram Properties dropped 4% to Rs 102.05 as the Enforcement Directorate officials are conducting search activity in the company’s office premises in Bengaluru and Chennai.
Larsen & Toubro wins order for ITER organisation’s nuclear fusion project in France (25-10-2024)
Larsen & Toubro (L&T) has won new order (significant) from the France-headquartered intergovernmental body – the ITER organisation for deployment of critical advanced technologies for assembly of ports & complex parts with the Vacuum Vessel at the world’s largest nuclear fusion project at Cadarache in Southern France. According to the company’s project classification, the value of the order ranges between Rs 1,000 crore to Rs 2,500 crore.
Glenmark Life drops after PAT slides 20% YoY to Rs 95 crore in Q2 (25-10-2024)
Glenmark Life Sciences slipped 9.76% to Rs 938 after the company’s standalone net profit declined 19.72% to Rs 95.32 core on 14.86% slide in revenue from operatios to Rs 506.88 crore in Q2 FY25 over Q2 FY24.
Deepak Builders IPO: GMP indicates double digit listing gains for investors (25-10-2024)
Shares of Deepak Builders are expected to make their debut on the bourse on Monday, October 28, 2024. Here’s what the Grey Market Premium (GMP) hints at for the likely listing price