Business News Desk: A slight decline is being seen in the domestic stock market even today but it is trading with a slight recovery as compared to yesterday. In the stock market today, Bank Nifty again started trading with a fall of about 100 points, although Nifty IT was seeing bullish trading but it is swinging between red and green. At 9.40 am, NSE Nifty has once again touched the level of 24,000 and on the basis of this, it seems that the market may regain momentum today.
Reliance Industries, M&M fall
Talking about shares, the decline in shares of Reliance Industries, M&M and HDFC Bank seems to be dominating the trade. If seen after 20 minutes of market opening, NSE Nifty has come in the green mark, although it is only one point up. Nifty has reached the level of 23,996.35. With this, BSE Sensex has reached the level of 78,759.58 and it is down only 22 points.
How was the market opening?
BSE Sensex opened today at 78,542.16 and yesterday it closed at the level of 78,782.24. Apart from this, if we talk about Nifty, it opened at 23,916.50 while its closing on Monday was seen at 23,995.35.
What is the condition of sectoral index?
Among the sectoral indices, Metal, Pharma, IT, Auto and Healthcare indices are trading rapidly and apart from these, all the other sectoral indices are showing a decline even today.
Latest update of Sensex and Nifty shares
Out of 30 Sensex stocks, 14 are witnessing a rise and 16 are trading with a decline. Apart from this, if we look at Nifty, 24 out of its 50 stocks are in bullish trade and 26 stocks are in declining trade. In the morning trade, Bank Nifty has fallen by 51 points and remains at the level of 51,102 and out of 12 shares of Bank Nifty, only 4 are rising while 8 shares are seeing a decline.
Which stocks will be in focus today?
IRCTC: Profit has increased to ₹ 307.8 crore in the September quarter, which was ₹ 294.7 crore in the same quarter a year ago. This increase in profit is 4.4%. Income has increased to ₹1,064 crore, which was ₹992.4 crore in this quarter a year ago. The company has also announced a dividend of ₹4.
Tilaknagar Industries: Profit has increased to ₹ 58 crore in the second quarter, which was ₹ 37 crore in this quarter a year ago. This increase in profit is 56.7%. Income has increased from ₹750 crore year-on-year to ₹823 crore.
Procter & Gamble Health: Profit in the September quarter has increased from ₹ 65.6 crore year-on-year to ₹ 82.3 crore. This increase in profit is 25.5%. Income has increased to ₹ 313.4 crore, which was ₹ 304.9 crore in this quarter a year ago.
ABB: Profit has increased from ₹ 363 crore to ₹ 440.5 crore in the September quarter. This increase is of 21%. Income has increased to ₹ 2,912.2 crore which was ₹ 2,769.1 crore in this quarter a year ago. EBITDA has increased from ₹438.5 crore to ₹540.2 crore.
Gland Pharma: The company’s profit has declined from ₹ 194 crore to ₹ 163.5 crore year-on-year. The income of the pharma company has increased to ₹ 140.5 crore, which was ₹ 137.3 crore in this quarter a year ago.
KEC International: There has been a 53% increase in profit in the second quarter. During this period, profit has increased to ₹ 85.4 crore, which was ₹ 55.8 crore in this quarter a year ago. Income has increased by 13.7% to ₹ 5,113.3 crore in the September quarter, which was ₹ 4,499 crore in the same quarter a year ago.
Amara Raja: Profit has increased to ₹ 240.7 crore in the second quarter, which was ₹ 226.4 crore in the same quarter a year ago. Income has increased from ₹ 2,811.1 crore year-on-year to ₹ 3,135.8 crore.
Raymond: The company’s profit, income and EBITDA have increased by more than 100 percent compared to last year. The consolidated profit of the company has increased from ₹ 27.8 crore to ₹ 59 crore compared to last year. The company’s business income has increased from ₹470 crore to ₹1045 crore compared to last year.
Bata India: Profit has increased to ₹ 52.3 crore, which was ₹ 34.4 crore in this quarter a year ago. This increase in profit is 52%. Income has increased to ₹ 837 crore in the September quarter, which was ₹ 819 crore in the same quarter a year ago.
