Market Commentary     05-Nov-24
Mid-Session
Barometers trade near flatline; realty shares slide
The domestic equity benchmarks traded near the flatline with tiny gains. The Nifty traded slightly above the 24,000 level. Realty shares extended losses for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex rose 19.27 points or 0.03% to 78,845.38. The Nifty 50 index added 5.10 points or 0.02% to 24,000.45.

In the broader market, the S&P BSE Mid-Cap index fell 0.21% and the S&P BSE Small-Cap index rose 0.21%.

The market breadth was strong. On the BSE, 2,234 shares rose and 1,354 shares fell. A total of 158 shares were unchanged.

Result Today:

Dr Reddy's Laboratories (down 0.67%), Titan Company (up 0.51%), GAIL India (down 0.66%), PB Fintech (down 2.78%), Oil India (up 1.76%), Berger Paints (down 1.33%), eClerx Services (up 0.25%), Manappuram Finance (up 1.77%), Mankind Pharma (down 2.82%), Mazagon Dock Shipbuilders (down 0.25), Aptus Value Housing Finance (down 2.64), CCL Products (up 0.54), Fortis Malar Hospitals (down 0.18), JK Tyre (up 0.33), Max Healthcare Institute (down 1.63), Raymond Lifestyle (down 0.95), SJVN (down 0.90%), Sundram Fasteners (up 2.62), Timken India (down 2.96%), will release September quarter earnings later today.

Buzzing Index:

The Nifty Realty index slipped 0.59% to 973.75. The index fell 3.50% in two consecutive trading sessions.

Macrotech Developers (down 1.99%), DLF (down 1.19%), Godrej Properties (down 1.13%) and Sobha (down 0.08%) declined.

On the other hand, Raymond (up 2.07%), Brigade Enterprises (up 1.96%) and Oberoi Realty (up 0.83%) edged higher.

Stocks in Spotlight:

Angel One slipped 1.22%. The brokerage firm said that its client base jumped 57.8% to 28.06 million in October 2024 as compared with 17.78 million in October 2023.

KEC International shed 0.64%. The company has reported 53% jump in consolidated net profit to Rs 85 crore on a 14% increase in revenues to Rs 5,113 crore in Q2 FY25 as compared with Q2 FY24.

Previous News
  KEC Intl gains on securing Rs 1,236-cr civil orders
 ( Hot Pursuit - 25-Jun-25   09:40 )
  K E C International wins news orders of Rs 1236 cr
 ( Corporate News - 25-Jun-25   09:14 )
  Angel One to hold board meeting
 ( Corporate News - 19-Jun-25   09:49 )
  Angel One spurts after client base climbs 34% YoY in May’25
 ( Hot Pursuit - 05-Jun-25   10:51 )
  Angel One update on key business parameters for May'25
 ( Corporate News - 05-Jun-25   10:06 )
  K E C International wins order of Rs 2,211 cr
 ( Corporate News - 04-Jun-25   18:35 )
  Board of KEC International recommends final dividend
 ( Corporate News - 27-May-25   11:38 )
  KEC Intl jumps after Q4 PAT climbs 77% YoY to Rs 268 cr
 ( Hot Pursuit - 27-May-25   10:09 )
  K E C International consolidated net profit rises 76.74% in the March 2025 quarter
 ( Results - Announcements 27-May-25   07:44 )
  KEC International to conduct board meeting
 ( Corporate News - 21-May-25   10:24 )
  K E C International Ltd Spurts 3.9%
 ( Hot Pursuit - 19-May-25   09:30 )
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  03-Jul-25   14:37
  Indices trade in positive terrain; European mrkt advance
  03-Jul-25   13:40
  Nifty tad above 25,500 level; consumer durables shares rally for 4th day
  03-Jul-25   12:32
  Indices trade higher; auto shares rally for 2nd day
  03-Jul-25   11:37
  Nifty above 25,550 mark; oil & gas shares jump
  03-Jul-25   10:39
  Barometers edge lower; breadth positive
  03-Jul-25   09:41
  Benchmarks trade with substantial losses; financial services shares under pressure
  02-Jul-25   14:37
  Barometers trade in negative terrain; European mrkt advance
  02-Jul-25   13:41
  Nifty below 25,500 level; metal shares in demand
  02-Jul-25   12:33
  Nifty slides below 25,500 level; PSU bank shares decline
  02-Jul-25   11:38
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