Sensex Today | Live Share Market Updates: Sensex, Nifty will start steadily; Gift Nifty trades in the green

 Sensex Today | Live Share Market Updates: Sensex, Nifty will start steadily; Gift Nifty trades in the green

Sensex Today | Share Market Updates: Due to the continuing violence in the Middle East between Israel and the Palestinian organization Hamas, investors on all international markets exercised caution. Analysts anticipate minimal impact on the market as a whole, however, assuming the unrest is kept in check.

Following the publication of the minutes from the Federal Reserve's September meeting, which showed that all policymakers had agreed that the central bank should proceed cautiously with rate decisions and that incoming data would help determine whether another hike was necessary in the coming months, US stocks increased on Wednesday.

On Wednesday, October 11, FIIs continued to sell, although the volume of sales has decreased as a result of falling US bond rates and falling crude oil prices.

IST, Oct. 12, 2023, 8:21:20

Live Sensex | Share Market Updates: TCS Q2 Results Net profit increases 8.7% year over year to Rs. 11,342 crore; dividend declared

Leading IT services provider Tata Consultancy Services (TCS) reported a significant 8.7% year-over-year increase in its consolidated net profit attributable to shareholders in the second quarter of fiscal year 2024 (Q2FY24), reaching 11,342 crore. This is a notable improvement above the 10,431 crore profit recorded for the same period the year before. The consolidated net profit increased by 2.4% sequentially, as well. TCS shares did, however, finish at 3,610.20 a share on the BSE, a little drop of 0.52%.

Moreover, TCS reported consolidated revenue from operations of 59,692 crores for the quarter ended in September, representing a strong 8% year-over-year increase compared to 59,309 crores in Q2FY23. The sequential rise, however, was more restrained, rising by 0.5% from 59,381 crores in the preceding quarter, Q1FY24.

TCS (Tata Consultancy Services) reported an 8.7% YoY increase in the combined net profit for Q2FY24, reaching 11,342 crore, with shares closing at 3,610.20, down 0.52% on BSE. Other stocks to watch include IndusInd Bank, Jindal Steel, Plaza Wires, Grasim, Delta Corp, JSW Steel, ACC, Ambuja Cements, Vedanta, and Sula Vineyards.

RBI gave the go-ahead for SBI Mutual Fund to purchase 9.99% of the paid-up share capital of IndusInd Bank, giving it 9.99% of the bank's voting rights.

The bidding process began when Jindal Power Ltd. indicated interest in buying the bankrupt Indian airline Go First.

After a successful subscription period from September 29 to October 5, Plaza Wires announced an IPO listing date on October 12 with a price range of 51 to 54 per equity share.

At its next board meeting, Grasim Industries will address fund-raising in conjunction with the opening of its paint division, Birla Opus.

In the September quarter, Delta Corp. reported a little increase in net profit and sales.

For the Karnataka iron ore mine's Jaisinghpura North Block, JSW Steel was chosen as the preferred bidder.

The Adani Group and a group of international banks agreed into a $3.7 billion refinancing deal to help with the repayment of loans obtained for the purchases of Ambuja Cements Ltd. and ACC Ltd.

India Ratings and Research reduced Vedanta Ltd's ratings for long-term bank facilities and financial instruments.

In the September quarter, Sula Vineyards recorded considerable sales growth across its own brands and wine tourism operations, achieving the highest-ever Q2 net revenues.

Grasim board may seek a fund-raise, according to share market updates on the Sensex today.

The flagship company of the Aditya Birla Group, Grasim Industries Ltd, made a board meeting announcement for Monday to discuss a request to raise money.

On Monday, October 16, 2023, Grasim Industries Limited's board of directors will meet, the company said in a filing with the stock market on Wednesday. "To take into consideration the proposal for raising the fund by way of equity shares or other securities through a rights issue, qualified institutions placement, preferential issue, or any other method as may be permitted under the applicable law, subject to such regulatory/statutory approvals as may be required."

JSW Steel has been named the preferred bidder for the Karnataka iron ore mine's Jaisinghpura North Block, according to Sensex Today Live.

On Wednesday, JSW Steel announced that it has been chosen as the preferred bidder for the Karnataka iron ore mine's Jaisinghpura North Block.

The Karnataka government has spoken with JSW Steel in this respect, the firm notified the exchanges.

"The Company has proved declared as a preferred bidder vide letter dated October 11, 2023, received from the Office headed by the Director, Department of Mines and Geology, Government of Karnataka, for Jaisinghpura North Block, pursuant to the Auction held on August 2, 2023," the statement said.

The company's maximum final bid price to become a "Preferred Bidder" is 150.3% of the cost of the delivered mineral. A predicted 17.66 MMT (metric million tonnes) of iron ore is available. (PTI)

Live Sensex: Should I Buy or Sell? Vaishali Parekh suggests purchasing three stocks today.

Prabhudas Lilladher's Vaishali Parekh, Vice President of Technical Research, suggests: 

Buy Hero Motocorp at 3100, with a target of 3250 and a stop loss of 3060;

Buy at 263, goal is 277, stop loss is 259 for Exide Industries; and

3] Buy Minda Corp. at 344; objective is 362; stop loss is 338. (Learn More)

Oct. 12, 2023, 7:33:02 IST

Live Sensex | Share Market Updates: 16 lakh partially paid-up equity shares will become completely paid-up by Suzlon Energy.

After the company's board of directors authorized the conversion of 16.2 lakh partially paid-up shares into fully paid-up equity shares, the Suzlon Energy share price will be in the spotlight on Thursday.

In a filing with the stock exchange on Wednesday, Suzlon Energy stated that the conversion of 16,20,352 partially paid-up equity shares with a face value of $2.00 each and Re 1.00 paid-up into fully paid-up equity shares with a face value of $2.00 each and 2.00 paid-up on receipt of First and Final Call totaling 40,50,880 was approved by the board of directors of the company.

Sensex Today Live: Jindal Power expresses interest in Go First Airline: Report

According to two financial sources and two persons with knowledge of the matter, Jindal Power Ltd. has shown interest in the bankrupt Indian airline Go First.

The bidding process begins with an expression of interest, which may or may not culminate in a cash bid.

The only successful applicant whose statement of interest was approved by banks was Jindal Power, according to a banker with a state-run institution having exposure to Go First.