Stock Market Updates: Sensex Down 150 pts, Nifty Nears 19,700; Delta Corp Drops 8%

Share

Tweet

Share

Share

Email

Comments

Among sectors, the Nifty Auto, and IT indices were up 0.3 per cent each. The Nifty Bank index, on the flipside, fell 0.3 per cent.

Sensex Today: Equity markets fell slightly on Monday as investors juggled between Q2-FY24 quarterly results of India Inc and geopolitical tensions between Israel and Gaza. The S&P BSE Sensex quoted at 66,145 levels, down 138 points or 0.21 per cent in early deals. The Nifty50, on the other hand, hovered around 19,700-mark.

Read More: Stocks to Watch: TCS, HDFC Bank, Tata Motors, D-Mart, SpiceJet, Adani Ent, and Others

In the broader markets, the BSE MidCap and SmallCap indices outperformed the market by rising 0.17 per cent and 0.43 per cent, respectively.

Among individual stocks, shares of Delta Corp tanked 8 per cent after the company’s subsidiary received notice for a goods and services tax of Rs 6,384 for payment of the shortfall tax.

Besides, shares of HDFC Life was up 0.6 per cent after the private insurer posted 15.5 per cent year-on-year (YoY) growth in net profit to Rs 376.77 crore for the quarter ended September 2023. Net premium income rose by 12.5 per cent YoY to Rs 14,755.96 crore from Rs 13,110.91 crore.

Read More: From IRM Energy to WomanCart, 5 IPOs to watch out for this week

Those of DMart (Avenue Supermarts), meanwhile, declined 3 per cent after Q2 net profit slipped 9.1 per cent to Rs 623.35 crore for Q2-FY24. Total income, however, was up 18.6 per cent YoY at Rs 12,661.29 crore.

Among sectors, the Nifty Auto, and IT indices were up 0.3 per cent each. The Nifty Bank index, on the flipside, fell 0.3 per cent.

Read More: Plaza Wires IPO Makes A Sensational Debut Of Over 50% Premium After Being Subscribed More Than 160 Times

Global Cues

Tokyo stocks opened lower on Monday after falls in US tech shares. The benchmark Nikkei 225 index was down 1.05 percent, or 340.27 points, at 31,975.72 in early trade, while the broader Topix index slipped 0.82 percent, or 19.01 points, to 2,289.74.

The S&P 500 and the Nasdaq closed lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors on riskier bets and overshadowed upbeat quarterly earnings from some of the largest U.S. banks.