NewsMarketsMarkets at Noon: Sensex and Nifty Dip as Commercial Services and Energy Sectors Lead LossesMarkets at Noon: Sensex and Nifty Dip as Commercial Services and Energy Sectors Lead Losses
Indian stock markets are trading lower at midday, with Nifty 50 down 0.43% and BSE Sensex dropping 0.53%. Commercial Services and Energy sectors are the top losers, while Trading and Insurance sectors show gains. Buzzing stocks include Reliance Industries, Axis Bank, Infosys, ICICI Bank, Tata Motors, UltraTech Cement, L&T, and HDFC Bank, driven by various corporate developments and financial results.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are trading lower at midday, with both benchmark indices showing declines. The Nifty 50 is down 0.43% at 25,853.20 points, while the BSE Sensex has dropped 0.53% to 84,332.38 points.
Sectoral Performance
The market is witnessing a mixed performance across sectors:
Top Losing Sectors
| Sector | Average Percentage Change |
|---|---|
| Commercial Services | -15.83% |
| Energy | -13.59% |
| Leisure Services | -11.83% |
| FMCG | -11.12% |
| Textiles | -10.80% |
Top Performing Sectors
| Sector | Average Percentage Change |
|---|---|
| Trading | 1.82% |
| Insurance | 0.83% |
| Engineering Services | 0.56% |
| Printing & Stationery | 0.39% |
| Transport | 0.33% |
Buzzing Stocks
Several stocks are making headlines today:
Reliance Industries
The company's Jio telecommunications service added 3.25 million new mobile subscribers in September. Additionally, Reliance and Disney have completed their joint venture transaction, merging Viacom18's media and JioCinema businesses into Star India Private Limited.
Axis Bank
The bank has put Lavasa Corp's debt worth ₹511 crore up for sale.
Infosys
The company announced multiple strategic collaborations and partnerships, including with Commerzbank, Colt Technology Services, ServiceNow, and LogicMonitor. Infosys also committed €5.0 million to UVC Partners venture capital fund in Germany.
ICICI Bank
CareEdge Ratings reaffirmed the bank's credit ratings across various instruments, maintaining AAA ratings for infrastructure bonds, long-term instruments, and Tier II bonds.
Tata Motors
The company delivered consolidated revenue of ₹119.5K crores in Q3 FY25. Jaguar Land Rover achieved record Q3 revenue of £7.7 billion with a 15.3% EBITDA margin.
UltraTech Cement
The company announced quarterly results with consolidated net sales of ₹15,308 crores and a profit after tax of ₹820 crores. UltraTech also raised US$500 million through a sustainability-linked loan.
L&T
The company's Heavy Engineering vertical has won multiple orders across international and domestic markets, including contracts for vessels, processing equipment, and nuclear power equipment.
HDFC Bank
The bank executed a block trade on the National Stock Exchange involving approximately 502,441 shares at a price of ₹1000.70 per share, totaling ₹50.28 crores.
Conclusion
As the trading session progresses, the Indian markets are showing a downward trend, with significant losses in the Commercial Services and Energy sectors. However, the Trading and Insurance sectors are providing some positive momentum. Investors are closely watching the performance of key stocks like Reliance Industries, Tata Motors, and HDFC Bank as they navigate through various corporate developments and market challenges.
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