Good Morning!
Gift Nifty Check
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a steady note on Thursday, following mixed cues from global markets, with investors eying the October CPI inflation data scheduled for release later today.
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The trends on Gift Nifty also signal a mildly positive start for the Indian benchmark indices, Nifty 50 and Sensex, today. The Gift Nifty was trading around 25,241 level, a premium of nearly 27 points from the Nifty futures’ previous close.
Commodity Check
Crude oil prices cooled off by 1.2% on Thursday to touch $91.5 per barrel levels as no new flare up emerged between the United States and Iran, despite the peace negotiations needle refusing to move. Similarly, the West Texas Intermediate (WTI) traded 1.16% lower at $85.5 per barrel levels.
Asian Markets Check
Asian markets traded mixed on Thursday, even as Wall Street closed higher in the previous session. Japan’s Nikkei rose 0.3%, extending its winning streak to four sessions as technology stocks continued to recover from a recent selloff. Improving sentiment towards the artificial intelligence sector, an upbeat outlook from AI computing provider CoreWeave and expectations surrounding Anthropic’s planned IPO supported the gains. The broader Topix also advanced 0.52%.
US Stock Market Recap
Wall Street opened Wednesday’s session on a positive note, with technology and artificial intelligence (AI) stocks leading the recovery after recent losses. The Nasdaq Composite climbed sharply, while the Dow Jones Industrial Average struggled to find direction as investors weighed fresh inflation concerns against renewed optimism in the technology sector.
The indices reversed previous session’s losses to settle in the green, with Nasdaq leading the gains and closing 1.6% higher at 25,466.19. S&P 500 closed 1.31% higher at 7,619.38, and Dow Jones Industrial Average closed 0.49% higher at 52,486.49.
Indian Stock Market Recap
The Indian benchmark indices, Sensex and Nifty 50, ended higher on Wednesday, November 11, led by buying in PSU Bank and Auto stocks.The BSE Sensex index ended 0.95% or 772.75 points higher at 81,879.40, while Nifty 50 closed at 25,255.05, up 210.40 points or 0.84%. Nifty Bank, too, ended over 1.7% higher.
Earnings In Focus
Action Construction Equipment, Alkem Laboratories, Amber Enterprises India, Astra Microwave Products, Automotive Axles, Avalon Technologies, Bharat Dynamics, Bondada Engineering, Caplin Point Laboratories, Dilip Buildcon, Dollar Industries, EIH, Elevate Campuses, EMS, Ethos, Fiem Industries, Hindustan Aeronautics, Hinduja Global Solutions, Vodafone Idea, IFCI, Indian Railway Catering & Tourism Corporation (IRCTC), Kennametal India, Kesoram Industries, Landmark Cars, Manappuram Finance, Man Industries (India), NMDC, NMDC Steel, Oil India, Ola Electric Mobility, Oswal Pumps, Page Industries, Procter & Gamble Hygiene & Health Care, Hitachi Energy India, Premier Explosives, Rane Holdings, Rashtriya Chemicals & Fertilizers (RCF), Religare Enterprises, Reliance Power, Sharda Motor Industries, S.P. Apparels, TARC, Tarsons Products, TD Power Systems, Techno Electric & Engineering Company, Travel Food Services, Uflex.
Earnings Post Market Hours
DCX Systems Q2 (Consolidated)
- Revenue down 27.5% at Rs 140 crore vs Rs 193 crore YoY
- EBITDA loss at Rs 1.1 crore vs loss of Rs 12.5 crore YoY
- Net loss at Rs 0.3 crore vs loss of Rs 9 crore YoY
Tata Power Q2 (Consolidated)
- Revenue up 26.3% at Rs 19,636 crore vs Rs 15,545 crore YoY
- EBITDA up 11.1% at Rs 3,667 crore vs Rs 3,302 crore YoY
- EBITDA margin at 18.7% vs 21.2% YoY
- Net profit up 48.6% at Rs 1,366 crore vs Rs 919 crore YoY
- One-time gain of Rs 119 crore in Q2
Mishra Dhatu Q2 (Consolidated)
- Revenue up 41% at Rs 296 crore vs Rs 210 crore YoY
- EBITDA up 54.3% at Rs 50.3 crore vs Rs 32.6 crore YoY
- EBITDA margin at 17% vs 15.5% YoY
- Net profit at Rs 27.8 crore vs Rs 13 crore YoY
EIH Associated Hotels Q2
- Revenue up 17.7% at Rs 68.6 crore vs Rs 58.3 crore YoY
- EBITDA at Rs 5 crore vs Rs 3 crore, up 88% YoY
- EBITDA margin at 7.3% vs 4.6%, up 274 bps YoY
- Net profit up 35.7% at Rs 3.8 crore vs Rs 2.8 crore YoY
Triveni Turbine Q2 (Consolidated)
- Revenue down 3% at Rs 491 crore vs Rs 506 crore YoY
- EBITDA down 44.8% at Rs 63.1 crore vs Rs 114 crore YoY
- EBITDA margin at 12.9% vs 22.6% YoY
- Net profit down 41.6% at Rs 53.3 crore vs Rs 91.2 crore YoY
- Enhances corporate guarantee to arm by $6 million
Cupid Q2 (Consolidated)
- Net profit at Rs 56.2 crore vs Rs 24.1 crore YoY
- Revenue at Rs 188 crore vs Rs 84.4 crore YoY
- EBITDA up 93.3% at Rs 54.9 crore vs Rs 28.4 crore YoY
- EBITDA margin at 29.2% vs 33.6% YoY
- Approves conversion of 56 lakh warrants into Baazar Style Retail’s shares
National Fertilizers Q2 (Consolidated)
- Net profit at Rs 6 crore vs loss of Rs 36 crore YoY
- Revenue down 13.9% at Rs 5,814 crore vs Rs 6,750 crore YoY
- EBITDA up 20% at Rs 138 crore vs Rs 115 crore YoY
- EBITDA margin at 2.4% vs 1.7% YoY
TSF Investments Q2 (Consolidated)
- Net profit up 49.3% at Rs 150 crore vs Rs 100.5 crore YoY
- Total income up 25.7% at Rs 320 crore vs Rs 254.5 crore YoY
Hind Copper Q2 (Consolidated)
- Net profit up 47.3% at Rs 520 crore vs Rs 353 crore QoQ
- Revenue up 25.4% at Rs 1,175 crore vs Rs 937 crore QoQ
- EBITDA up 38.4% at Rs 703 crore vs Rs 508 crore QoQ
- EBITDA margin at 59.9% vs 54.2% QoQ
ICICI Life Insurance – October Business Update
- Total APE growth stands at 8.6% YoY
- Total APE stands at Rs 797 crore
- Retail APE down 3.2% at Rs 582 crore YoY
October 2026 Life Insurance Data
- Overall life insurance first-year premium up 26% YoY to Rs 42,914 crore vs Rs 34,007 crore
- LIC first-year premium up 31% YoY to Rs 25,316 crore vs Rs 19,274 crore
- SBI Life first-year premium up 12% YoY to Rs 3,556 crore vs Rs 3,185 crore
- HDFC Life first-year premium up 18% YoY to Rs 3,334 crore vs Rs 2,829 crore
- ICICI Life first-year premium up 37% YoY to Rs 2,437 crore vs Rs 1,773 crore
- Axis Max Life first-year premium up 17% YoY to Rs 1,130 crore vs Rs 967 crore
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Stocks in News
Adani Enterprises
Kutch Copper gets Veramark assurance
Vintage Coffee
- Board allots 39 lakh warrants to promoter group
- Company issues 39 lakh warrants at Rs 164 each
Alivus Life
- Company signs shareholders’ agreement with IQGEN-X Pharma
- To acquire 76% stake in IQGEN-X Pharma
Bajaj Finance
- QIP issue opens; floor price set at Rs 992.25/share
- May offer up to 5% QIP discount to floor price
Sandur Manganese & Iron
Gets EC by Environment Ministry to enhance production of iron ore RoM capacity from 7.85 MTPA to 9.42 MTPA
Jeena Sikho Life
Launches 10 products in Ayurvedic healthcare and wellness segment
Tata Power
- Approves investment in 1,800 MW pumped storage project
- Approves Rs 11,871 crore investment in additional capacity
- Appoints Sanjay Banga as CEO-designate
- Appoints Sanjay Banga as MD & CEO from May 1, 2027
- Appoints Sanjay Banga as MD & CEO for 5 years
Time Techno
Gets Rs 38 crore order for supply of composite LPG cylinders
Aurobindo Pharma
- US FDA classifies Seymour unit as ‘OAI’
- US FDA inspected Seymour unit from August 17-21
- US FDA had issued 4 observations to Seymour unit
Aegis Logistics
QIP issue opens; floor price set at Rs 1,161.85/share
Shares To Exit Lock-In
Milky Mist Dairy Food – 17 million shares, 2% of outstanding shares, 3-month lock-in
Bulk/Block Deals
Balmer Lawrie & Co. Limited
Alphagrep Securities Private Limited bought and sold 9.35 lakh shares; net position nil
Cohance Lifesciences Limited
JASUB Property Holdings LLP bought 21 lakh shares at Rs 449.50/share
Jasti Family Trust sold 21 lakh shares at Rs 449.50/share
Commercial Syn Bags Limited
Arihant Capital Markets Limited sold 45,140 shares at Rs 246/share
Core Integra Consulting Services Limited
PJS Securities LLP sold 56,000 shares at Rs 118.37/share
Aditya Infotech Limited
Motilal Oswal Mutual Fund bought 8.43 lakh shares at Rs 4,140/share
Dixon Technologies (India) Limited sold 14.05 lakh shares at Rs 4,140/share
Kotak Mahindra Mutual Fund bought 5.62 lakh shares at Rs 4,140/share
Kalyan Jewellers India Limited
Graviton Research Capital LLP sold 7,715 shares at Rs 671.44/share
Solara Active Pharma Sciences Limited
First Sentier Investors ICVC – Indian Subcontinent All Cap Fund bought 5.52 lakh shares at Rs 663.84/share
The Scottish Oriental Smaller Companies Trust PLC sold 5.52 lakh shares at Rs 663.78/share
Talbros Automotive Components Limited
Irage Broking Services LLP bought 1.10 lakh shares at Rs 439.28/share
Microcurves Trading Private Limited sold 1,000 shares at Rs 438.12/share
Junomoneta Finsol Private Limited bought 2,918 shares at Rs 435.96/share
V2 Retail Limited
HRTI Private Limited bought 8.13 lakh shares at Rs 178.83/share
Mansi Share and Stock Broking Private Limited bought 13.71 lakh shares at Rs 170.47/share
Cohance Lifesciences Limited
JASUB Property Holdings LLP bought 21 lakh shares at Rs 449.50/share
Jasti Family Trust sold 21 lakh shares at Rs 449.50/share
Insider Trades
Astral Ltd
Saumya Polymers LLP, promoter group, bought 1,00,001 shares
NINtec Systems Ltd
Rachana Niraj Gemawat, promoter group, bought 25,829 shares
Indowind Energy Ltd
Indus Capital Private Limited, promoter group, bought 4,22,000 shares
Vinati Organics Ltd
Suchir Chemicals Private Limited, promoter group, bought 22,774 shares
Sangam India Ltd
Sonmod Marketing Pvt. Ltd., promoter group, bought 31,304 shares
Indo Tech Transformers Ltd
Shirdi Sai Electricals Limited, promoter, revoked pledge on 13,29,624 shares
EFC (I) Ltd
Abhishek Narbaria, promoter and director, bought 10,000 shares
Havells India Ltd
QRG Investments and Holdings Limited, promoter, bought 21,00,000 shares
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