The headline equity indices traded with substantial gains in the mid-afternoon trade. The Nifty scale above the 24,250 mark. Pharma shares extended gains for the second consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex advanced 388.53 points or 0.48% to 80,185.70. The Nifty 50 index gained 123.25 points or 0.51% to 24,254.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index rallied 0.67%. The market breadth was strong. On the BSE, 2,410 shares rose and 1,605 shares fell. A total of 174 shares were unchanged. Economy: The HSBC India Manufacturing PMI showed a substantial improvement in the health of the sector during November, despite downward movements in most of its subcomponents. Positive demand trends contributed to sharp expansions in sales and output, though growth was somewhat restricted by competitive conditions and price pressures. The latest results showed that a quicker upturn in cost burdens sparked the steepest rise in selling prices in over 11 years The seasonally adjusted HSBC India Manufacturing Purchasing Managers Index (PMI) fell from 57.5 in October to a joint 11-month low of 56.5 in November, signaling a softer improvement in the sector's health. However, the pace of growth remained above its long-term average. Pranjul Bhandari, Chief India Economist at HSBC, said: India recorded a 56.5 manufacturing PMI in November, down slightly from the prior month, but still firmly within expansionary territory. Strong broad-based international demand, evidenced by a four-month high in new export orders, fuelled the Indian manufacturing sector's continued growth. At the same time, however, the rate of output expansion is decelerating due to intensifying price pressures. Input prices for a variety of intermediate goods ' including chemicals, cotton, leather, and rubber ' rose in November, while output prices soared to an eleven-year high as rising input, labour, and transportation costs were passed on to consumers. Meanwhile, India's foreign exchange (forex) reserves fell for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India (RBI) showed. Buzzing Index: The Nifty Pharma index gained 0.90% to 22,440.15. The index rallied 3.27% in two consecutive trading sessions. Natco Pharma (up 3.02%), Biocon (up 2.94%), Gland Pharma (up 2.43%), Laurus Labs (up 1.74%), Sun Pharmaceuticals Industries (up 1.54%), Divis Laboratories (up 1.5%), Mankind Pharma (up 1.48%), Granules India (up 1.45%), Dr Reddys Laboratories (up 1.40%) and Abbott India (up 1.29%) advanced. On the other hand, Cipla (down 1.65%), Ipca Laboratories (down 0.26%) and Aurobindo Pharma (down 0.18%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.24% to 6.835 as compared with the previous close of 6.751. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.7000, compared with its close of 84.6000 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement lost 0.88% to Rs 75,700. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.64% to 106.41. The United States 10-year bond yield shed 0.05% to 4.205. In the commodities market, Brent crude for the November 2024 settlement gained 68 cents or 0.95% to $72.52 a barrel. Stocks in Spotlight: Tata Motors added 0.17%. The auto major's total sales stood at 74,753 units in November 2024, registering growth of 0.78% as compared with 74,172 units in November 2023. Ashok Leyland slipped 1.10%. The company reported a marginal increase in total vehicle sales to 14,137 units in November 2024, compared to 14,053 units sold in November 2023. Powered by Capital Market - Live

Total domestic sales increased 1% YoY to 73,246 units in November 2024. Total sales for Medium & Heavy Intermediate Commercial Vehicles (MH&ICV) Domestic & International Business in November 2024, including trucks and buses, stood at 13,230 units, up 2.6% as compared with 12,895 units sold in November 2023. Domestic sale of MH&ICV in November 2024 stood at 12,481 units, up 1.45% as compared with 12,303 units in November 2023. Total passenger vehicle sales jumped 2% to 47,117 units in November 2024 as compared with 46,143 units sold in November 2023. Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. The company reported 9.97% decline in consolidated net profit to Rs 3,450 crore on 3.74% fall in revenue from operations to Rs 104,444 crore in Q2 FY25 over Q2 FY24. The counter rose 0.11% to Rs 787.70 on the BSE.Powered by Capital Market - Live

Profit before tax (PBT) fell 4.44% YoY to Rs 5,767 crore during the quarter. EBITDA stood at Rs 11,567 crore in Q2 FY25, registering de-growth of 19.81% as compared with Rs 11,567 crore in Q2 FY24. EBITDA margin reduced to 11.4% in Q2 FY25 as compared with Rs 13.7% in Q2 FY24. In its outlook, the company remains cautious on near-term domestic demand. However, the festive season and substantial investments in infrastructure should help bolster it. JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, it expects an all-round improvement in performance in H2 FY25 and the business to become net debt free by this year. PB Balaji, group chief financial officer, Tata Motors, said, 'Growth in the quarter was impacted due to significant external challenges as highlighted earlier. Overall, the business fundamentals remain strong, and it remain focused on agenda of driving growth, competitiveness and free cash flows. As the supply challenges ease and demand picks up, we are confident of steady improvement in our performance and delivering a strong H2.' JLR reported a net profit of 283 million pounds in Q2 FY25, up 4.04% as compared with 272 million pounds in Q2 FY24. The company's revenue declined 5.57% to 6,475 million pound in Q2 FY25 as compared with 6857 million pound. JLR performance was impacted by temporary supply constraints which resulted in EBIT margins of 5.1% (down 220bps). On outlook front, the company said that both production and wholesale volumes are expected to pick up strongly in the second half as the aluminum supply situation normalizes, and it will continue its diligent management of costs. It holds full year guidance for revenue of '30 billion, EBIT margin ≥8.5% EBIT and achieving a positive net cash position. Adrian Mardell, JLR, chief executive officer, said, 'JLR has delivered a resilient performance in Q2, resulting in a 25 per cent increase in first half profits year-on-year. Our teams responded brilliantly to the aluminum supply shortages we experienced in the quarter, so we could deliver as many orders as possible to clients. We continue to make good progress delivering our Reimagine strategy. We have invested '250m so far to prepare our Halewood UK plant for electric vehicle production and with strong global demand for our products, we are well positioned to deliver on our commitments again this financial year.' Tata Commercial Vehicles, recorded profit before tax of Rs 1314 crore in Q2 FY25, down 13.89% as compared with Rs 1526 crore posted in same quarter last year. Revenue from operations declined 13.93% YoY to Rs 17288 crore in Q2 FY25. Looking ahead, the company anticipate demand to pick up gradually in Q3, led by ILMCV and Buses, followed by M&HCV and SCVPU segment. Commodities are expected to continue to remain range bound. Overall it expects a stronger H2 even though it remain watchful on the near-term domestic demand. Girish Wagh, executive director, Tata Motors, said, 'Q2 FY25 moderated the positive momentum seen by the commercial vehicles industry at the start of the fiscal, due to slowdown in infrastructure project execution, reduction in mining activity and an overall drop in fleet utilization due to heavy rains. Tata Motors Commercial Vehicles domestic sales at 79.8K units were 19.6% lower than Q2 FY24 sales. Our demand-pull strategy and vigilance on costs had the business deliver EBITDA margins of 11.2% in H1 FY25. Going forward, with the rains easing, increased infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate demand to pick up.' Revenue from Tata Passenger Vehicles declined 3.89% to Rs 11,700 crore during the quarter. Profit before tax (PBT) fell 22.64% YoY to Rs 229 crore in Q2 FY25.. PV volumes were at 130.5K units (-6.1% YoY) driven by slow consumer demand and seasonal factors. On outlook front, TaMo said, 'It expects the industry wholesales to be lower to enable channel inventory reduction ahead of new calendar year. It will drive significant growth in retail on the back of new model launches & a comprehensive marketing campaign, while keeping channel inventory in check. It will continue to strengthen its multi-powertrain strategy to leverage industry powertrain shifts and enhance its profitability through scale benefits, improving mix and intensified cost reduction actions amidst an intense competitive environment.' Shailesh Chandra, managing director, TMPV and TPEM, said, 'The Passenger Vehicle industry in Q2 FY25 witnessed approximately 5% decline in registrations, resulting in continued build-up of channel inventory. Sales of EVs were additionally impacted by lapse of certain subsidies. We moderated our offtakes in Q2 to proactively keep our channel inventory under control. Q3 has started off with a resurgence in industry demand on the back of a robust festive season. Tata Motors recorded its highest ever monthly registrations of around 68.5k during October, which helped in bringing down the inventory to normal levels. Our multi-powertrain suite of Curvv, Nexon iCNG and Nexon.ev 45 has garnered strong consumer interest as we continue to ramp up deliveries in Q3.' Finance costs reduced by Rs 618 crore to Rs 2,034 crore in Q2FY25, due to reduction in gross debt during the period. In Q2 FY25, net profit from joint ventures and associates amounted to Rs 82 crore compared to Rs 49 crore in Q2 FY24. Other income (excluding grants) was Rs 744 crore in Q2 FY25 versus Rs 807 crore in Q2 FY24. Free cash flow (automotive) for the quarter, was negative at Rs 2.9K crore driven by lower volumes on account of supply constraints. Net automotive debt was at Rs 22.0K crore. Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses The counter declined 1.72% to settle at Rs 805.70 on the BSE. Powered by Capital Market - Live

Net profit of Tata Motors declined 11.18% to Rs 3343.00 crore in the quarter ended September 2024 as against Rs 3764.00 crore during the previous quarter ended September 2023. Sales declined 3.74% to Rs 100534.00 crore in the quarter ended September 2024 as against Rs 104444.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales100534.00104444.00 -4 OPM %12.0913.18 - PBDT11773.0012794.00 -8 PBT5768.006157.00 -6 NP3343.003764.00 -11 Powered by Capital Market - Live

In the domestic market, the company sold 80,839 vehicles in October 2024. Domestic sales for the same period last year were 80,825 vehicles. Total commercial vehicle sales for October 2024 stood at 34,259 units, which is marginally lower as compared to 34,317 units sold in October 2023. The company sold total 48,423 passenger vehicle units in October 2024, which is flat on a YoY basis. Tata Motors, part of the Tata group, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. The company's consolidated net profit jumped 73.77% to Rs 5,566 crore on 5.68% rise in total revenue from operations to Rs 1,08,048 crore in Q1 FY25 over Q1 FY24. Shares of Tata Motors rose 1.04% to Rs 842.80 on the BSE.Powered by Capital Market - Live

The key equity benchmarks traded with substantial gains on Muhrat Trading Day. The Nifty traded above the 24,300 level. At 18:10 IST, the barometer index, the S&P BSE Sensex, advanced 488.95 points or 0.62% to 79,878.01. The Nifty 50 index added 147.35 points or 0.61% to 24,352.70. In the broader market, the S&P BSE Mid-Cap index rose 0.89% and the S&P BSE Small-Cap index jumped 1.30%. The market breadth was strong. On the BSE, 2,853 shares rose and 331 shares fell. A total of 99 shares were unchanged. Stocks in Spotlight: Tata Motors rose 1.26% after the company said that it had registered total sales of 82,682 units in October 2024, which is lower by 0.33% as compared with 82,954 units sold in October 2023. Maruti Suzuki India rose 0.63%. The company has reported 3.6% rise in total sales to 206,434 units in October 2024 from 199,217 units in October 2023. TVS Motor Company added 0.97%. The company recorded monthly sales of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023. Global Market: The Dow Jones index futures were up 115 points, indicating a negative opening in the US stocks today. European stock markets traded higher on Friday, with investors remaining cautious ahead of crucial US economic data and the upcoming presidential election. In Asia, most stock markets declined, led by a 2.8% drop in Japan's Nikkei. The Bank of Japan maintained its benchmark interest rate at 0.25%, as expected. The Japanese yen weakened against the US dollar. U.S. stocks closed lower on Thursday, with the Dow and S&P 500 cementing their first monthly loss since April as tech stocks sold off sharply and bond yields remained elevated. The S&P 500 climbed roughly 1.89%, while the Dow rose more than 0.9%, with both indexes trading at record highs. The tech-heavy Nasdaq Composite led the gains, up roughly 2.76%. Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year. Shares of Facebook-owner Meta Platforms slipped 4.1% and Microsoft fell 6%, despite both companies beating earnings estimates in results reported after the bell on Wednesday. Investors are watching Friday for the closely followed employment data due in the morning.Powered by Capital Market - Live

Tata Motors said that it had registered total sales of 82,682 units in October 2024, which is lower by 0.33% as compared with 82,954 units sold in October 2023. Maruti Suzuki India has reported 3.6% rise in total sales to 206,434 units in October 2024 from 199,217 units in October 2023. TVS Motor Company recorded monthly sales of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023. Multi Commodity Exchange of India (MCX) announced the appointment of Praveena Rai as the MD & CEO of the company for a period of 5 years, with effect from her joining the office. Narayana Hrudayalaya's consolidated total operating revenue was Rs 1400 crore for Q2 FY25 as compared to Rs 1305.2 crore in the corresponding period of the previous year, reflecting a growth of +7.3 % YoY and +4.4% QoQ. PAT stood at Rs 198.8 crore, reflecting a margin of 14.2% as compared to Rs 226.7 crore in Q2 FY24, translating into a change of -12.3% YoY and -1.3% QoQ. On a consolidated basis, Tata Investment Corporation's net profit was almost flat Rs 123.69 crore in Q2 FY25 as against Rs 124.44 crore in Q2 FY24. Total revenue from operations rose 15.03% YoY to Rs 142.48 crore in Q2 FY25. Powered by Capital Market - Live

Tata Motors will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

The Tata Motors Group global wholesales in Q2 FY25, including Jaguar Land Rover** were at 3,04,189 nos., lower by 11%, as compared to Q2 FY24. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 nos., lower by 19%, over Q2 FY24. Global wholesales of Tata Motors passenger vehicles* in Q2 FY25 were at 1,30,753 nos., lower by 6% as compared to Q2 FY24. Global wholesales for Jaguar Land Rover** were 87,303 vehicles, lower by 10% as compared to Q2 FY24. Jaguar wholesales for the quarter were 5,961 vehicles, while Land Rover wholesales for the quarter were 81,342 vehicles. *Tata Motors passenger vehicles includes sales of electric vehicles **JLR number does not include CJLR volumes (CJLR - It is a JV between JLR and Chery AutomobilesPowered by Capital Market - Live

The key equity benchmarks traded with substantial gains in afternoon trade. The Nifty traded above the 24,950 mark after hitting day's low of 24,756.80 in morning trade. Barring the Nifty metal index, all the sectoral indices on the NSE were in green. At 13:30 IST, the barometer index, the S&P BSE Sensex was up 475.79 points or 0.59% to 81,525.79. The Nifty 50 index added 165.70 points or 0.67% to 24,966.35. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.24% and the S&P BSE Small-Cap index gained 1.79%. The market breadth was strong. On the BSE, 2,736 shares rose and 1,128 shares fell. A total of 116 shares were unchanged. Gainers & Losers: Trent (up 6.34%), Adani Ports and Special Economic Zone (up 4.71%), Adani Enterprises (up 3.94%), Bharat Electronics (up 3.46%) and Mahindra and Mahindra (up 2.13%) were major Nifty gainers. Tata Steel (down 2.99%), Sbi Life Insurance Company (down 2.96%), JSW Steel (down 2.21%), Hindalco Industries (down 1.89%) and Wipro (down 1.71%) were major Nifty losers. Bharat Electronics added 3.46% after the company said that it has bagged orders worth more than Rs 500 crore in the last month. The major orders received include EMI shelters, AMC for integrated air command and control system nodes, upgrade / spares for gun systems, spares for radars, communication system etc. Stocks in Spotlight: Tata Motors declined 1.54%. The company announced that the Jaguar Land Rover (JLR) wholesale volume decreased 10% year on year (YoY) to 87,303 units in Q2 FY25 (excluding the Chery Jaguar Land Rover China JV). Bajaj Finserv fell 1.9%. The company said that its subsidiary, Bajaj Allianz General Insurance Company's gross direct premium underwritten for September 2024 was at Rs 1,689.17 crore, recording a decline of 7.59% year on year (YoY). FSN E-Commerce Ventures (Nykaa) shed 0.44%. The company stated that it has witnessed a strong performance with consolidated net revenue growth of mid-twenties in second quarter of FY25. RITES added 2.01% after the company said that it has received the LOA for supply and commissioning of overhauled in-service cape gauge ALCO diesel electric locomotives from Ntokoto Rail Holdings. The value of the aforementioned contract is $5.4 million, which at the prevailing exchange translates to Rs 45.33 crore. SpiceJet surged 8.10% after the company announced its plans to significantly expand its fleet with the induction of ten aircraft by the end of November 2024. The company stated that seven of these aircraft will be acquired on lease, while three previously grounded SpiceJet planes are being reintroduced into service. Global Markets: European stocks traded lower as regional sentiment sours further after a shaky start to the week, with investors watching the conflict in the Middle East closely and its potential impact on oil markets, supply chains and the global economy. Most Asian shares tumbled on Tuesday. However, Chinese stocks surged as trading resumed after a week-long break, buoyed by recent stimulus measures from Beijing. Officials are scheduled to provide further details on these measures later today. In contrast, other Asian indices followed Wall Street's downward trend. U.S. stocks fell sharply on Monday as investors anticipated a smaller rate cut from the Federal Reserve due to a stronger-than-expected U.S. jobs report. The major U.S. indexes suffered significant losses on Monday. The Dow Jones Industrial Average fell 0.94%, the S&P 500 dropped 0.96%, and the NASDAQ Composite lost 1.18%. Fears of an escalating Middle East conflict also dampened risk appetite. Meanwhile, the impending landfall of Hurricane Milton, following on the heels of Hurricane Helene, added further anxiety. US tech stocks witnessed a sharp decline. Google's parent company, Alphabet Inc., faced pressure after being ordered to restructure its Android app store. Additionally, negative analyst comments on Amazon and Apple triggered selling in these tech giants. The release of the minutes from the September Federal Reserve meeting, scheduled for Wednesday, will be closely monitored. These minutes will offer insights into the Fed's future rate cut strategy. Thursday's consumer price index data is another key event. Investors will be looking for signs of persistent inflation, which could influence the Fed's monetary policy decisions.Powered by Capital Market - Live