Stocks in Focus: GIFT Nifty traded up 87.5 points, or 0.45%, at 19,514, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Friday, the NSE Nifty 50 fell 82.05 points or 0.42% to settle at 19,542.65, while the BSE Sensex shed as much as 231.62 points to 65,397.62.
“Global equity markets reacted to concerns of rising interest rates, energy prices, and bond yields. Sensex 30 and Nifty 50 declined, while midcap and smallcap indices saw mixed performance. BSE Auto index outperformed. Stock movements were influenced by Q2FY24 earnings. Crude oil rebounded, and the 10-year US treasury yield rose, near 5%. Markets worldwide, including India, will respond to geopolitical challenges, oil prices, and bond yield fluctuations, with continued stock-specific action tied to Q2FY24 results,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.
Also Read
ASK launches new realty fund; eyes Rs 1500 crore raise
Stocks to Watch on October 23, 2023
L&T Finance
The company posted a 46% on-year growth in net income at Rs 595 crore for the second quarter of FY24. It achieved the highest-ever quarterly retail disbursements of Rs 13,499 crore, a growth of 32% on-year, the lender said in a release.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
ICICI Bank
The Bank’s net profit soared 35.8% in the second quarter of FY24, due to robust loan growth and strong core lending income. The standalone profit for the quarter reached Rs 10,261 crore, a significant rise from the prior year’s Rs 7,557.84 crore, as reported in their BSE filing.
RBL Bank
The Bank reported a 46% growth in its second quarter of FY24 net profit at Rs 294 crore, helped by a margin expansion and healthy core income growth, as compared to the Rs 202 crore in Q2FY23. The bank’s core net interest income surged by 26% to Rs 1,475 crore, driven by a 21% rise in advances and an expanded net interest margin of 5.54% compared to 5.02% last year.
Zydus Lifesciences
The US Food and Drug Administration (USFDA) has approved its New Drug Application (NDA) for ZITUVIOTM (Sitagliptin) tablets, 25 mg, 50 mg, and 100 mg, according to the information available on the NSE.
“The ZITUVIOTM approval builds on Zydus’ long-term commitment to offer healthcare professionals a new affordable treatment option in connection with diabetes management”, said Sharvil Patel, Managing Director of Zydus Lifesciences.
Samvardhana Motherson International
The company has announced acquisitions worth more than Rs 380 crore in the aerospace, health, and medical industries. They have added French company ADI Group, aerospace defense and security firm SMAST, and medical imaging systems manufacturer Irillic Pvt to their portfolio.
Companies scheduled to report their Q2 earnings today;
Torrent Pharmaceuticals
PNB Housing Finance
Mahindra Holidays and Resorts India
Mahindra Logistics
RBM Infracon
Poddar Housing and Development
(With agency inputs.)
Related Posts
Members of the Call of Duty league have filed a federal lawsuit against the league’s owner Activision Blizzard seeking $680m in damages, alleging the company has an unlawful monopoly over professional esports leagues.
Originally reported by Bloomberg Law, the lawsuit was filed by Hector “H3CZ” Rodriguez, leader of Call of Duty esports team Optic, and Seth “Scump” Abner, one of Call of Dut…
Read moreIt’s unclear if the people’s champion of 2022 will ever slow down: hot on the heels of an Among Us crossover DLC with outer space maps and enemies in December, Vampire Survivors has released yet another free content update.
Content patch 1.9.0, also more auspiciously titled “Space 54,” maintains the intergalactic vibe with a distinct ’60s rayguns and spandex thing going on. We’ll get to p…
Read moreYou know what’s relevant and exciting in the year of our lord 2024? The third Ultima game from 1983. OK, not really, and I leave drawing a line from Ultima 3: Exodus to the CRPGs of today as an exercise for the reader, but it really is fascinating to look back at nonetheless.
This is the game Richard Garriott led the design of after leaving Sierra On-Line (who had published Ultima 2…
Read moreSolve today’s Wordle your way with our extensive range of helpful hints and daily clues, or improve your game in general with our guides and archives. Don’t worry if you’re one guess away from Wordle oblivion and just need the answer in a hurry—the answer to the February 6 (597) puzzle is just below.
Well, that was different. It turns out I had the right letters in the right order&h…
Read moreUbisoft has announced a tie-in with haptics firm Owo for the upcoming Assassin’s Creed Mirage, so now you can pay around $500 for a Mirage-themed version of the Owo Skin suit. This haptic top looks kinda like a padded t-shirt, operates wirelessly, and allows the user to feel sensations on 10 areas of the upper body and arms.
If you’re wondering where the name comes from, it’s quite simple…
Read moreAs anyone who’s been called a “stinky buttface” will know, words can hurt. A knife through the heart, a punch to the gut. Words can do some damage, so why not turn them into an all-out anime battle?
Wander Stars is doing just that, with developer Paper Castle Games showing off a fantastically flashy trailer during our PC Gaming Show. It’s got a distinct 90s flair to it, with a little bit …
Read moreTurn your daily Wordle into a winner with our help. Keep on scrolling and you’ll find a link to our Wordle guide, general tips to give every game a boost, as well as a clue written for the November 15 (879) puzzle. Need a little more? You’ve got it. The answer to today’s Wordle is only a click away.
I was certain I was on the right track twice today, only to fail to reveal the green lette…
Read moreIGN has shared a 10-minute preview of the upcoming future-of-law-enforcement FPS Robocop: Rogue City, and I’m sorry to say that despite our 2022 optimism, it really doesn’t look very good.
Robocop: Rogue City is set between the events of Robocop 2 and Robocop 3, neither of which I can remember a thing about. (I can’t even say with certainty that I’ve ever actually seen Robocop 3.) But I’m…
Read moreWatch On
Dead Cells is finishing a hell of a run. The excellent roguelike that first hit early access all the way back in 2017 got its “final major update” today, adding a raft of new features, weapons, customisation options and, most importantly, bidding a fond farewell to fans.
Update 35—The End is Near—was announced at the start of this year, and finally released earlier to…
Read moreIndian equity indices ended on a positive note on Tuesday as fears of the US recession eased down. The Nifty 50 rose 126.20 points or 0.51% to settle the day’s trading at 24,698.85. The Sensex settled 378 points or 0.47% higher at 80,802.86. SBI Life Insurance, Kotak Mahindra Bank, Axis Bank, Reliance Industries, and Bajaj Finserv were the top five major contributors on Tuesday.
…
Read more