GAGA Share Market News

[hfe_template id='11223'] [ad_1] Domestic markets traded lackluster on Tuesday and ended nearly unchanged in the absence of any significant trigger. In today's trade, shares of Vedanta, Adani Power, Bajaj Finance, IndusInd Bank, BPCL among others will be in focus due to various news developments and fourth quarter results. Vedanta, Adani Power, IOC, Varun Beverages Shares of Vedanta, Adani Power, IOC and Varun Beverages will be in focus as the companies will announce their fourth quarter results today. Bajaj Finance India's largest NBFC Bajaj Finance on Tuesday recommended the issue of 4:1 bonus equity shares. The fourth quarter profit also rose 19% YoY to Rs 4,546 crore. Bajaj Finserv Bajaj Finserv on Tuesday reported a 14% jump in its Q4FY25 net profit to Rs 2,417 crore versus Rs 2,119 crore reported in the year ago period BPCL Bharat Petroleum Corporation Ltd (BPCL) reported an 8% YoY decline in its March quarter consolidated net profit at Rs 4,392 crore versu...

[hfe_template id='11223'] [ad_1] Equity markets traded sideways throughout the session to close with losses as FIIs continue their selling streak. "Markets are facing pressure and tend to remain volatile amid uncertainty around US presidential elections slated to be held on November 5th. The second leg of Q2 results will resume in the next week post-Diwali. Market seems to have taken support at lower levels and is likely to consolidate over the next few days," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 68.50 points, or 0.28 per cent, at 24,305, signaling that Dalal Street was headed for negative start on Thursday. Tech View: If the index sustains above 24,500, it may extend gains to the 24,600–24,700 range, with 24,070 acting as key support. As long as it holds abo...

[hfe_template id='11223'] [ad_1] Equity markets managed to continue pull back from lower levels for the second day with recovery coming in the last hour and closed with gains "After 8% fall from all-time high, Nifty is witnessing some pull back ahead of Diwali, as investors get into festive mood. Overall, we expect the markets to remain range bound amid uncertainty with regard to US elections to be held next week. However we could continue to see sector and stock specific action as more companies announce their quarterly earnings," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 11 points, or 0.04 per cent, at 24,439, signaling that Dalal Street was headed for muted start on Wednesday. Tech View: Nifty could take support from the above band while on upmoves it can face resi...

[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

[hfe_template id='11223'] [ad_1] Shares of IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year. IndiaMart’s EBITDA stood at Rs 134.6 crore, up by 68.3% YoY while the EBITDA margins stood at 38.7% for the quarter against 27.1% reported in the corresponding quarter of the previous financial year. Post the update, here is what the analysts across various brokerages said: Nuvama: Reduce| Target price: Rs 2,500 Nuvama downgraded IndiaMart’s rating to reduce from hold while the target price was cut to Rs 2,500 vs Rs 3,070 earlierThe company’s collection growth slowed sharply to 5% YoY from 14% in Q1FY25 and is likely to stay in low-do...

[hfe_template id='11223'] [ad_1] Domestic markets, after a lacklustre start on Tuesday, came under pressure and closed with losses, marking a second straight day in the red. "We expect the market to continue its consolidation mode due to the lack of any major positive trigger. However, investors should use this dip as a buying opportunity in quality stocks especially large-cap where valuations are still comfortable," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive start.Nifty futures on the Gift Nifty traded 80 pts higher at 24,237. Tech View The recent swing high of 24,472 seems to be a lower top for the Nifty as per daily time frame chart. A slide below another lower support of 24,000-23,900 levels could trigger a reasonable downward correction in the market. Immediate resistance is placed at 24,350 levels, said Nagaraj Shetti...