- By Vaamanaa Sethi
- Mon, 30 Oct 2023 09:52 AM (IST)
- Source:JND
The Indian indices opened on a lower on Monday, October 30 amid mixed global cues. The Sensex was down 171.35 points or 0.27 percent at 63,611.45, and the Nifty was down 49.10 points or 0.26 percent at 18,998.20.
Also read: Tata Group To Become First Indian iPhone Manufacturer; To Acquire Wistron Plant For $125 Million
Cipla, BPCL, SBI Life Insurance, Reliance Industries and Hindalco Industries were among major gainers on the Nifty, while losers were Dr Reddy's Laboratories, Bajaj Finance, Infosys, Bajaj Finserv and Britannia Industries.
The Indian benchmark indices snapped a six-day losing streak and ended higher with Nifty back above 19,000 on Friday, October 27. At close, the Sensex was up 634.65 points or 1.01 percent at 63,782.80, and the Nifty was up 190.00 points or 1.01 percent at 19,047.30.
Biggest gainers on the Nifty were Axis Bank, Coal India, HCL Technologies, SBI and Adani Enterprises, while losers were Dr Reddy's Laboratories, SBI Life Insurance, UPL, ITC and Asian Paints.
Among sectors, all thirteen sectors ended in green with the PSU Bank index up by 4%. BSE Midcap and Smallcap indices up nearly 2 percent each. About 2673 shares advanced, 825 shares declined, and 125 shares unchanged.
Meanwhile, Indian Rupee opened flat at 82.26 per dollar on Monday versus Friday's close of 83.24.
Top stocks to watch out today —
Reliance Industries
Mukesh Ambani-led conglomerate reported its Q2 results above estimates with retail revenue up by 10.3% year-on-year (YoY).
Cipla
The pharma company has reportedly raised its margin guidance to 23-24% with a higher end bias from 23%
NTPC
The company reported its Q2 results in line with the estimates with margin at 25.7% vs 22.30% YoY.
M&M Finance
Mahindra Group-led company reported a decline in its NIM to 6.5% from 7.5% YoY with NII being reportedly below estimates.
Also read: Debit Card Replacement: Know Fee Structure Of HDFC, SBI And PNB To Replace Your Debit Card
Blue Dart
The courier services company recorded a decline in its EBTIDA by 8.60% with margin at 16.80%.
