Today i.e. October 18, the Sensex is trading at the level of 80,640 with a fall of over 350 points. There is also a decline of 100 points in Nifty, it is trading at 24,650 level.
Out of 30 Sensex stocks, 25 are down and 5 are up. Out of 50 Nifty stocks, 43 are down and 7 are up. All sectors, including banking and automobiles, are down.
Mixed activity for Asian markets
On the Asian market, the Japanese Nikkei is up 0.38%. Korea’s Kospi is trading down 0.39% and China’s Shanghai Composite is up 0.60%. On October 17, the US Dow Jones closed at 43,239 with an increase of 0.37% and the Nasdaq closed at 18,373 with an increase of 0.036%. . The S&P 500 closed 0.017% lower at 5,841. According to NSE data, foreign investors (FIIs) sold shares worth ₹7,421.40 crore on October 17. During this period, Domestic Investors (DII) purchased shares worth ₹4,979.83 crore.
Hyundai Motor India IPO total subscribed 2.37 times Korean automaker Hyundai Motor India’s IPO was subscribed a total of 2.37 times on the last day. The issue was subscribed 0.50 times in the retail category, 6.97 times in the Qualified Institutional Buyers (QIB) category and 1.11 times in the Non-Institutional Investors (NII) category.
On October 22, the company’s shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This initial public offering opened on October 15. …
There was a market drop yesterday Earlier yesterday i.e. on October 17, the Sensex had fallen by 494 points and closed at the level of 81,006. Nifty also fell by 221 points and closed at the level of 24,749. At the same time , the BSE Small Cap fell by 814 points and closed at the level of 56,589.
Out of 30 Sensex stocks, 21 fell and 9 rose. Out of 50 Nifty stocks, 41 fell and 9 rose. Except NSE IT sector, all sectors closed lower. The real estate sector saw the biggest decline of 3.76%.
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Infosys profits of ₹6,506 crore in July-September quarter: Revenue up 5% YoY to ₹40,986 crore; The company will pay a dividend of ₹21 per share
Infosys, India’s second-largest IT company, posted a profit of Rs 6,506 crore in the second quarter of the financial year 2024-25. There was an increase of 4.7% on an annual basis. The company had made a consolidated net profit of Rs 6,212 crore in the same quarter a year ago.
The company generated a revenue of Rs 40,986 crore in the July-September quarter. There was an increase of 5.1% on an annual basis. A year ago, i.e. in the second quarter of FY23 and FY24, the technology company had generated a revenue of Rs 38,994 crore. Money received from the sale of goods and services constitutes income. …