The benchmark indices traded with moderate gains in the afternoon trade. The Nifty hovered above the 24,400 level. Media, PSU bank and oil & gas shares edged higher. On the other hand, FMCG and realty stocks corrected. At 13:28 IST, the barometer index, the S&P BSE Sensex was up 531.36 points or 0.66% to 80,779.44. The Nifty 50 index added 147.95 points or 0.61% to 24,421.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.81% and the S&P BSE Small-Cap index rallied 0.97%. The market breadth was strong. On the BSE, 2,688 shares rose and 1,186 shares fell. A total of 127 shares were unchanged. Gainers& Losers: Adani Ports and Special Economic Zone (up 5.67%), NTPC (up 2.33%), Cipla (up 2.27%), Adani Enterprises (up 2.26%) and Ultratech Cement (up 2.21%) were major Nifty gainers. ITC (down 1.44%), Trent (down 1.40%), Hero MotoCorp (down 1.16%), Bharti Airtel (down 1.06%), Wipro (0.77%) were major Nifty losers. Stocks in Spotlight: Solar Industries India rose 1.25% after the company and its subsidiary received export orders worth Rs 2,039 crore for supply of defence products to be delivered over a period of 4 years. Torrent Power rallied 4.73% after the company announced that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 1,555.75 per share. KPI Green Energy advanced 2.80% after the company received an order for setting up a 300 MWAC ground-mounted solar PV plant, including operation and maintenance services on a comprehensive basis for a period of five years from Coal India. The said project is worth Rs 1,311 crore. MOIL surged 5.72% after the company achieved its best ever November production of 1.63 lakh tonnes of manganese ore in November 2024. The company has achieved production of 11.80 lakh tonnes of manganese ore during the first eight months of CY25 (April'November 2024), registering a growth of 8.46% compared to the same period last year. Global Market: European and Asian stocks advanced across the board on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions. The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations. In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%. Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to buy from neutral, which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration. Powered by Capital Market - Live

The company has achieved production of 11.80 lakh tonnes of manganese ore during the first eight months of CY25 (April ' November 2024), registering a growth of 8.46% compared to the same period last year. The company has achieved sales of 1.33 lakh tonnes of manganese ore in November 2024, up 32% YoY. Sales figures for the April-Nov period stood at 9.90 lakh tonnes, up 4.76% YoY. Giving utmost thrust to exploration, the company has carried out exploratory core drilling of 63,654 meters upto November, 2024 which is 1.28 times over previous year. Ajit Kumar Saxena, CMD MOIL, mentioned that it is heartening that the company has continued the momentum of upward performance both in production and sales. He further added that MOIL team is geared up to register yet another successful financial year. MOIL is engaged in the exploration, exploitation and marketing of manganese ore and products, such as electrolytic manganese dioxide and high carbon ferro manganese alloy. The Government of India held 64.68% stake in MOIL as on 30 September 2024. The company's standalone net profit declined 18.8% to Rs 49.96 crore on 16% slide in net sales to Rs 291.89 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

MOIL has recorded production of 1.63 lakh tonnes of Manganese Ore in November, 2024, which is the best November performance since inception. During first eight months of FY'25, the company has recorded production of 11.80 lakh tonnes, which is higher by 8.46% over corresponding period last year (CPLY). On the sales front also, the company has achieved best ever November sales of 1.33 lakh tonnes, higher by 32% over CPLY. During first eight months of FY25, the company has registered sales of 9.90 lakh tonnes, which is higher by 4.76% over CPLY. The company has surpassed a turnover of Rs. 1,000 crore within 8 months of FY'25, achieving this milestone over a month earlier than last year. Continuing utmost thrust to exploration, MOIL has carried out exploratory core drilling of 63,654 meters during April-November, 2024, which is 1.28 times over CPLY. Powered by Capital Market - Live

Shri Prashant Vashishtha and CA Dinesh Kumar Gupta, Independent Directors of MOIL have ceased w.e.f. 1 November 2024 on completion of tenure.Powered by Capital Market - Live

Net profit of MOIL declined 18.79% to Rs 49.96 crore in the quarter ended September 2024 as against Rs 61.52 crore during the previous quarter ended September 2023. Sales declined 16.01% to Rs 291.89 crore in the quarter ended September 2024 as against Rs 347.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales291.89347.53 -16 OPM %27.1327.71 - PBDT105.97116.79 -9 PBT68.1681.57 -16 NP49.9661.52 -19 Powered by Capital Market - Live

MOIL will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

With best ever September production of 1.46 lakh tonnes in September, 2024, MOIL continued its growth momentum. It has achieved production of 8.70 lakh tonne during first six months of the current financial year (April to September 2024), registering a growth of 7% over CPLY. The Company has also achieved Best September sales of 1.59 lakh tonnes in September, 2024. Sales of 7.51 lakh tonnes during April-September 2024, is almost at the same level as that during corresponding period last year, despite challenging market conditions. Giving utmost thrust to exploration, MOIL has carried out exploratory core drilling of 50,222 meters upto September, 2024 which is 1.4 times than the previous year.  Powered by Capital Market - Live

MOIL announced that the 62th Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live