The Nifty November 2024 futures closed at 24,100, a premium of 104.65 points compared with the Nifty's closing 23,995.35 in the cash market. In the cash market, the Nifty 50 dropped 309 points or 1.27% to 23,995.35. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rallied 5.01% to 16.70. Reliance Industries, State Bank of India and Mahindra & Mahindra were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,405.95, a premium of 200.6 points compared with the Nifty's closing 24,205.35 in the cash market. In the cash market, the Nifty 50 declined 135.50 points or 0.56% to 24,205.35. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.35% to 15.57. Reliance Industries, Larsen & Toubro and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,366.90, a premium of 26.05 points compared with the Nifty's closing 24,340.85 in the cash market. In the cash market, the Nifty 50 fell 126 points or 0.51% to 24,340.85 The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.54% to 15.47. Reliance Industries, HDFC Bank and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

Reliance Industries has allotted 676,61,86,449 equity shares of Rs. 10/- each as fully paid-up bonus equity shares, in the proportion of 1:1, i.e., 1 new fully paid-up equity share of Rs. 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, as on October 28, 2024, the 'Record Date' fixed for this purpose.Powered by Capital Market - Live

Under the agreement, Reliance Brands Holding UK (RBL UK) will hold a 51% stake in the joint venture, while Mothercare Global Brand Limited will retain the residual 49% interest. RBLUK will acquire the stake for a cash consideration of '16 million. This joint venture will act as the franchisor of the Mothercare brand in the specified South Asian regions, unlocking new growth opportunities while leveraging the strengths of both organizations. Reliance Brands first acquired the rights to the UK-based Mothercare brand for the Indian market in 2018 and currently operates 87 stores across 25 cities, in addition to a strong presence on e-commerce platforms. Darshan Mehta, managing director, Reliance Brands, said: 'Mothercare has been a trusted name for parents in India for years, and this joint venture marks an exciting new chapter in our partnership. It's been incredibly rewarding to work alongside the talented Mothercare team, and this deeper collaboration reflects the strong relationship we've built over time. I'm excited about the opportunities this new era brings as we continue to expand the brand's presence across South Asia.' RBL UK is a wholly-owned subsidiary of Reliance Brands, which is a subsidiary of Reliance Retail Ventures (RRVL). RRVL is a subsidiary of Reliance Industries. Reliance Industries (RIL) is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. RIL had reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. The scrip declined 0.71% to currently trade at Rs 2694.15 on the BSE. Powered by Capital Market - Live

The company has fixed Monday, 28 October 2024, as the record date for the purpose of determining the equity shareholders of the company eligible for bonus equity shares of the company. The firm will issue one bonus share for each existing share held. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. RIL's reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. EBITDA decreased by 2% to Rs 43,934 crore in Q2 FY25 from Rs 44,809 crore in Q2 FY24. EBITDA margin in Q2 FY25 was 17% in Q2 FY25 as against 17.5% in Q2 FY24. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 25,032.60, a premium of 61.3 points compared with the Nifty's closing 24,971.30 in the cash market. In the cash market, the Nifty 50 fell 86.05 points or 0.34% to 24,971.30. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.63% to 13.09. Reliance Industries, HDFC Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 25,130.20, a premium of 72.85 points compared with the Nifty's closing 25,057.35 in the cash market. In the cash market, the Nifty 50 fell 70.60 points or 0.28% to 25,057.35. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.05% to 13. Reliance Industries, HCL Technologies and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

The domestic equity indices ended with minor losses on Tuesday. The Nifty settled below the 25,050 mark after hitting the day's high of 25,212.05 in early trade. Realty, media and consumer durables shares advanced while metal, auto and pharma shares declined. As per provisional closing, the S&P BSE Sensex was down 152.93 points or 0.19% to 81,820.12. The Nifty 50 index fell 70.60 points or 0.28% to 25,057.35. In the broader market, the S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index added 1.05%. The market breadth was positive. On the BSE, 2,077 shares rose and 1,876 shares fell. A total of 111 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.05% to 13. Economy: The Government of India (GoI) has announced the sale (re-issue) of (i) '7.02% Government Security 2031' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method, (ii) '7.23% Government Security 2039' for a notified amount of Rs 13,000 crore (nominal) through price based auction using multiple price method and (iii) '7.09% Government Security 2054' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 18, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. New Listing: Shares of Garuda Construction and Engineering closed at Rs 105 on the BSE, representing a premium of 10.53% as compared with the issue price of Rs 95. The scrip was listed at Rs 103.20, exhibiting a premium of 1.74% to the issue price. The stock has hit a high of 120.73 and a low of 100.30. On the BSE, over 32.50 lakh shares of the company were traded in the counter. IPO Update: The initial public offer (IPO) of Hyundai Motor India received bids for 1,60,46,072 shares as against 9,97,69,810 shares on offer, according to stock exchange data at 15:15 IST on Tuesday (15 October 2024). The issue was subscribed 0.16 times. The issue opened for bidding on Tuesday (15 October 2024) and it will close on Thursday (17 October 2024). The price band of the IPO is fixed between Rs 1,865 to Rs 1,960 per share. An investor can bid for a minimum of 7 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index fell 1.44% to 9,762.05. The index fell 1.27% in two trading sessions. National Aluminium Company (down 3.07%), Steel Authority of India (down 2.58%), Jindal Steel & Power (down 2.43%), NMDC (down 2.23%), Hindalco Industries (down 2.13%), Vedanta (down 1.98%), Tata Steel (down 1.73%), Hindustan Copper (down 1.61%), Hindustan Zinc (down 1.2%) and JSW Steel (down 1.1%) edged lower. On the other hand, Jindal Stainless (up 0.62%) ,Welspun Corp (up 0.51%) and Adani Enterprises (up 0.06%) edged higher. Stocks in Spotlight: Reliance Industries (RIL) declined 2.05% after the company reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. Oil to Chemicals (O2C) revenue improved with higher volumes and increased domestic placement of products. HCL Technologies rose 0.58%. The company's consolidated net profit fell 0.52% to Rs 4,237 crore in Q2 FY25 as compared with Rs 4,259 crore in Q1 FY25. Revenue from operations increased 2.87% YoY to Rs 28,862 crore during the quarter. Angel One soared 17.88% after the company reported 39.05% jump in consolidated net profit (from continuing operations) to Rs 423.38 crore in Q2 FY25 as against Rs 304.46 crore recorded in Q2 FY24. Revenue from operations increased 44.55% YoY to Rs 1,514.70 crore in Q2 FY25. International Travel House (ITHL) jumped 4.79% after the company's standalone net profit jumped 31.97% to Rs 7.43 crore in Q2 FY25 as against Rs 5.63 crore posted in Q2 FY24. Revenue from operations grew 14.93% year on year (YoY) to Rs 60.94 crore in the quarter ended 30 September 2024. Sunteck Realty jumped 7.56% after the company said that it has recorded 32.66% increase in pre-sales to Rs 524 crore in Q2 FY25 from Rs 395 crore in Q2 FY24. RPP Infra Projects was locked in upper circuit of 5% after the company said that it has received letter of acceptance worth Rs 217.61 crore from Chief Engineer, Konkan & Project Director (EAP) Mumbai. KPI Green Energy rose 0.96%. The company announced that it has signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam (GUVNL) for 620MW AC (917MW DC) renewable energy project. Lupin rose 0.31%. The pharma major has announced the launch of the first generic version of Prednisolone Acetate Ophthalmic Suspension in the United States. Landmark Cars added 2.03% after the company reported 13.84% increase in total revenue from operations to Rs 1,275 crore in Q2 FY25 from Rs 1,120 crore in Q2 FY24. Global Markets: Most European shares declined on Tuesday. The U.K.'s statistics agency said average wages excluding bonuses rose 4.9% year on year across June to August, cooling slightly from 5.1% in May to July. Most Asian stocks ended higher tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning optimism over new fiscal stimulus. Investors assessed trade data out of South Korea, which showed trade surplus surging to $6.7 billion in September, up from $3.7 billion in August. Japanese shares climbed as sentiment was buoyed by reports that Tokyo Metro raised $2.3 billion in the country's biggest initial public offering in six years. A rally in technology shares spurred record highs on Wall Street on Monday, with focus turning to a string of key upcoming earnings and economic readings. The S&P 500 rose 0.77% to a record high of 5,859.85 points, while the Dow Jones Industrial Average rose 0.47% to a record high of 43,065.22 points on Monday. The NASDAQ Composite rose 0.87% to 18,502.64, and was back in sight of peaks hit earlier this year. Investors will watch for crucial economic data this week, notably the September retail sales figures, for clues on the financial health of U.S. consumers. Powered by Capital Market - Live

The key equity benchmarks reversed all gains and traded with minor losses in morning trade. The Nifty traded below the 25,050 mark. Metal shares extended losses for the second consecutive trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 249.81 points or 0.30% to 81,696.45. The Nifty 50 index fell 85.30 points or 0.34% to 25,042.65. In the broader market, the S&P BSE Mid-Cap index fell 0.12% and the S&P BSE Small-Cap index added 0.48%. The market breadth was positive. On the BSE, 1,875 shares rose and 1,704 shares fell. A total of 156 shares were unchanged. Economy: The Government of India (GoI) has announced the sale (re-issue) of (i) '7.02% Government Security 2031' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method, (ii) '7.23% Government Security 2039' for a notified amount of Rs 13,000 crore (nominal) through price based auction using multiple price method and (iii) '7.09% Government Security 2054' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 18, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. Result Today: HDFC Life Insurance Company (down 0.36%), HDFC Asset Management Company (up 0.82%), KEI Industries (up 0.77%), Bank of Maharashtra (down 0.31%), Newgen Software Technologies (up 0.24%), Rallis India (up 0.64%) and PVR Inox (up 1.50%) will announced their quarterly earnings later today. New Listing: Shares of Garuda Construction and Engineering were currently trading at Rs 100.89 at 10:15 IST on the BSE, representing a premium of 6.20% as compared with the issue price of Rs 95. The scrip was listed at Rs 103.20, exhibiting a premium of 8.63% to the issue price. So far, the stock has hit a high of 103.20 and a low of 100.30. On the BSE, over 11.39 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Metal index fell 1% to 9,805.85. The index fell 1.27% in two trading sessions. National Aluminium Company (down 1.8%), Jindal Steel & Power (down 1.68%), Tata Steel (down 1.45%), Steel Authority of India (down 1.21%), Hindalco Industries (down 1.17%), APL Apollo Tubes (down 1.15%), JSW Steel (down 1%), Hindustan Zinc (down 0.95%), Hindustan Copper (down 0.91%) and NMDC (down 0.91%) edged lower. Stocks in Spotlight: Reliance Industries (RIL) fell 0.84%. The company has reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. Can Fin Homes added 1.59% after the company informed that its board is scheduled to meet on Tuesday, 22 October 2024, for raising funds by issuance of non-convertible redeemable debentures (NCDs) upto the overall limit of Rs 4,000 crore. Powered by Capital Market - Live