The headline equity benchmarks traded with tiny losses in early trade. The Nifty traded below the 23,650 mark. Realty, bank and metal shares declined while media, IT and FMCG shares advanced. At 09:30 IST, the barometer index, the S&P BSE Sensex shed 28.11 points or 0.03% to 78,110.90. The Nifty 50 index lost 9.10 points or 0.04% to 23,635.70. In the broader market, the S&P BSE Mid-Cap index rose 0.11% and the S&P BSE Small-Cap index gained 0.30%. The market breadth was strong. On the BSE, 1,917 shares rose and 829 shares fell. A total of 105 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,645.22 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,546.73 crore in the Indian equity market on 31 December 2024, provisional data showed. Economy: India's fiscal deficit reached Rs 8.5 lakh crore in the first eight months of the fiscal year (April-November), representing 52.5% of the budgeted target, according to government data released on December 31st. This exceeds the deficit recorded during the same period in the previous fiscal year, which stood at 50.7%. Capital expenditure, though improving, lagged behind last year's pace. At Rs 5.13 lakh crore, it amounted to 46.2% of the budgeted target of Rs 11.1 lakh crore, compared with 58.5% achieved in the corresponding period of the previous fiscal year. Overall government spending reached 60.1% of the budgeted target, slightly higher than the 59% recorded in the previous year. Revenue receipts fell short of last year's levels. Net tax revenue collection stood at 55.9%, lower than the corresponding figure in the previous year. Stocks in Spotlight: India Cements rose 0.89%. The company's board has approved the appointment of Suresh Vasant Patil, as chief executive officer (CEO) and Krishnagopal Ladsaria, as chief financial officer (CFO) with effect from 1 January 2025. Suzlon Energy advanced 2.02% after the company's wholly owned subsidiary, SE Forge's CEO, S.Venkata Subramaniam has resigned with effect from close of business hours on 31st December 2024. Jupiter Wagons added 1.15% after the company increased stake in its arm Jupiter Electric Mobility to 75% from 60%. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.29% to 6.890 as compared with the previous close of 6.870. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.700, compared with its close of 85.6450 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement shed 0.03% to Rs 76,725. Global Markets: Asian markets were shut for a New Year holiday, while the US stock market ended lower overnight in a low-volume session. At the close in NYSE, the Dow Jones Industrial Average fell 0.07%, while the S&P 500 index lost 0.43%, and the NASDAQ Composite index declined 0.9%. Tesla stock gave up gains to close 3.2% lower. Chinese state news agency Xinhua reported that the company's energy storage gigafactory in Shanghai has entered trial production, just seven months after construction began, with full-scale production expected to commence early next year. The US market is closed on Wednesday for New Year's Day. Powered by Capital Market - Live

Stocks to Watch: India Cements' board approved the appointment of Suresh Vasant Patil, as chief executive officer (CEO) and Krishnagopal Ladsaria, as chief financial officer (CFO) with effect from 1 January 2025. Suzlon Energy's wholly owned subsidiary, SE Forge's CEO, S.Venkata Subramaniam has resigned with effect from close of business hours on 31st December 2024. Jupiter Wagons increased stake in its arm Jupiter Electric Mobility to 75% from 60%. Dhani Services' board approved to raise funds up to Rs 406 crore through issue of convertible warrants. Indo-Tech Transformers has received letter of intent for supply of 13 Nos of 150 MVA transformers. The aggregate value of the order under the said LOI/ PO is Rs 117.17 crore. Sun Pharmaceutical Industries has entered into an agreement with Japan-based Zaza Industrial Holdings. The company has agreed to sell 100% shares held in its step down subsidiary, Sun Pharma Japan Technical Operations to Zaza Industrial Holdings. SJVN has signed memorandum of understanding (MoU) with the government of Bihar for the development of 1,000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in the state of Bihar.Powered by Capital Market - Live

India Cements announced that R.Srinivasan, Executive President (Finance & Accounts) and Chief Financial Officer (KMP), a Senior Management Personnel, would retire from the services of the Company with effect from 01 January 2025. Powered by Capital Market - Live

Net Loss of India Cements reported to Rs 339.13 crore in the quarter ended September 2024 as against net loss of Rs 80.07 crore during the previous quarter ended September 2023. Sales declined 18.40% to Rs 1031.80 crore in the quarter ended September 2024 as against Rs 1264.39 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1031.801264.39 -18 OPM %-15.770.35 - PBDT-77.11-47.96 -61 PBT-132.23-102.95 -28 NP-339.13-80.07 -324 Powered by Capital Market - Live

Revenue from operations declined 18.39% YoY to Rs 1,031.80 crore in the quarter ended 30 September 2024. The company reported a pre-tax loss of Rs 132.23 crore in Q2 FY25 as compared to a pre-tax loss of Rs 102.95 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 223.24 crore during the quarter. The company's total expenses slipped 3.80% YoY to Rs 1,322.98 crore in Q2 FY25. Employee benefits expense stood at Rs 96.13 crore (down 3.99% YoY) while Finance costs stood at Rs 73.33 crore (up 21.42% YoY) during the period under review. On half-year basis, the company reported net loss of Rs 267.82 crore in H1 FY25 as against Rs 159.12 crore recorded in H1 FY24. Revenue from operations dropped 23.78% YoY to Rs 2,058.56 crore posted in H1 FY25. India Cements business of the company is of manufacturing and sale of cement and cement related products. Powered by Capital Market - Live

Maharashtra Scooters Ltd, KRBL Ltd, Macrotech Developers Ltd, Emami Ltd are among the other stocks to see a surge in volumes on BSE today, 16 September 2024.India Cements Ltd clocked volume of 1.63 lakh shares by 10:35 IST on BSE, a 5.39 times surge over two-week average daily volume of 30176 shares. The stock gained 2.59% to Rs.376.75. Volumes stood at 16344 shares in the last session.Maharashtra Scooters Ltd clocked volume of 1891 shares by 10:35 IST on BSE, a 3.63 times surge over two-week average daily volume of 520 shares. The stock gained 6.14% to Rs.11,168.25. Volumes stood at 1274 shares in the last session.KRBL Ltd notched up volume of 1.36 lakh shares by 10:35 IST on BSE, a 2.84 fold spurt over two-week average daily volume of 47839 shares. The stock rose 6.16% to Rs.322.90. Volumes stood at 60422 shares in the last session.Macrotech Developers Ltd witnessed volume of 57748 shares by 10:35 IST on BSE, a 2.75 times surge over two-week average daily volume of 20966 shares. The stock increased 4.08% to Rs.1,282.45. Volumes stood at 42509 shares in the last session.Emami Ltd clocked volume of 44188 shares by 10:35 IST on BSE, a 2.66 times surge over two-week average daily volume of 16602 shares. The stock lost 4.20% to Rs.755.00. Volumes stood at 18807 shares in the last session.Powered by Capital Market - Live

India Cements announced that the Annual General Meeting (AGM) of the company will be held on 23 September 2024.Powered by Capital Market - Live

Net profit of India Cements reported to Rs 58.47 crore in the quarter ended June 2024 as against net loss of Rs 87.40 crore during the previous quarter ended June 2023. Sales declined 28.54% to Rs 1026.76 crore in the quarter ended June 2024 as against Rs 1436.74 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1026.761436.74 -29 OPM %-2.400.58 - PBDT-91.52-42.77 -114 PBT-147.97-97.22 -52 NP58.47-87.40 LP Powered by Capital Market - Live

India Cements announced that the term of V Ranganathan (DIN:00550121), Non-Executive Director of the Company, will conclude on 23 September 2024. Powered by Capital Market - Live

India Cements will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live