Markets at Noon: Nifty and Sensex Climb as Aviation Sector Soars
Indian markets show positive momentum at midday with Nifty 50 at 25,450.70 (+0.50%) and Sensex at 83,006.01 (+0.48%). Aviation sector leads with a 6.70% gain, while Commercial Services slumps -15.27%. TCS announces strong Q2 results and AI ambitions, Axis Bank projects robust growth, and Hyundai Motor India plans ₹45,000 crore investment. Mixed sectoral performance observed with significant pressure on Energy, Retail, and Financial Services sectors.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both benchmark indices trading in the green.
Key Market Indicators
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,450.70 | +127.15 | +0.50 |
| BSE Sensex | 83,006.01 | +400.58 | +0.48 |
Last updated: 12:00:21
Sectoral Performance
The market is witnessing a mixed sectoral performance, with some sectors outperforming while others face significant pressure.
Top Performing Sectors
| Sector | Avg. % Change |
|---|---|
| Aviation | 6.70 |
| Printing & Stationery | 2.04 |
| Transport | 1.42 |
| Trading | 1.10 |
Top Losing Sectors
| Sector | Avg. % Change |
|---|---|
| Commercial Services | -15.27 |
| Energy | -13.50 |
| Retail | -11.46 |
| Textiles | -11.17 |
| Financial Services | -10.84 |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
TCS: The IT giant announced its Q2 results with 0.8% sequential revenue growth and a Total Contract Value of $10 billion. TCS also revealed its ambition to become the world's largest AI-led technology services company.
Axis Bank: The bank expects its advances to grow 300 basis points ahead of the industry over the next 3-5 years. However, it reported a lower net profit of 50.9 billion rupees for Q2, missing analyst estimates.
HCLTech: The company has set October 16 as the final day for investors to purchase shares to qualify for its second interim dividend of Rs 12 per equity share.
HDFC AMC: The asset management company has released its ESOP expense guidance for the coming years, estimating expenses of ₹42 crores for H2, ₹67 crores for the following year, ₹53 crores for the year after, and ₹33 crores for the subsequent year.
Hyundai Motor India: The company announced a ₹45,000 crore investment in India, focusing on product expansion, R&D, manufacturing, and hiring engineers.
Conclusion
As the trading day progresses, the Indian markets are showing resilience with positive gains in major indices. The aviation sector is leading the charge, while several other sectors face significant headwinds. Investors are closely watching the performance of key stocks and sectoral movements for further cues.
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