Markets at Noon: Sensex and Nifty Dip as Printing & Stationery Sector Leads Losses
Indian markets show a slight downturn with Nifty at 24,624.15 (-0.40%) and Sensex at 80,675.32 (-0.42%). Printing & Stationery sector leads losses (-2.67%), while Cables sector tops gains (2.08%). Godfrey Phillips India surges 10% on strong Q1 results and bonus share announcement. XTGlobal Infotech rises 13.27% on improved Q1 performance. Globus Spirits and Triveni Turbines face losses despite positive news.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday, Indian markets are showing a slight downturn. The NSE Nifty 50 is trading at 24,624.15, down 98.60 points or 0.40% from its previous close. Similarly, the BSE Sensex stands at 80,675.32, reflecting a decline of 343.40 points or 0.42%.
Sectoral Performance
Top Losing Sectors
| Sector | Change (%) |
|---|---|
| Printing & Stationery | -2.67% |
| Diamond, Gems and Jewellery | -1.19% |
| Logistics & Cargo | -1.14% |
| Diversified | -0.85% |
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Cables | 2.08% |
| Castings, Forgings & Fasteners | 1.65% |
| Trading | 1.16% |
Buzzing Stocks
Godfrey Phillips India Ltd: The stock is up 10.00% at Rs 9,881.50. The company reported a 55.9% year-on-year increase in Q1 net profit to Rs 356 crore. The board approved a 2:1 bonus share issue and set September 16 as the record date.
XTGlobal Infotech Ltd: Trading 13.27% higher at Rs 38.06, the company reported strong Q1 results with consolidated net profit after tax of Rs 373.54 lakhs, up from Rs 216.67 lakhs year-on-year.
Globus Spirits Ltd: The stock is down 7.77% at Rs 1,136.60 despite reporting improved Q1 results with net profit rising to 185 million rupees from 164 million rupees year-over-year.
Triveni Turbines Ltd: Trading 7.16% lower at Rs 548.10, the company launched India's first CO₂ heat pump technology and announced a record date of September 1 for a final dividend of Rs 2 per equity share.
Conclusion
The Indian markets are experiencing a mild correction at midday, with both Nifty and Sensex in the red. While the Printing & Stationery sector leads the losses, Cables emerges as the top-performing sector. Notable stock movements include significant gains for Godfrey Phillips India and XTGlobal Infotech, contrasting with losses for Globus Spirits and Triveni Turbines despite positive company news.
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