{"id":40694,"date":"2024-11-13T08:47:27","date_gmt":"2024-11-13T03:17:27","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=40694"},"modified":"2024-11-13T08:47:27","modified_gmt":"2024-11-13T03:17:27","slug":"gift-nifty-indicates-a-negative-start-for-the-indian-stock-indices-the-us-markets-ended-lower-the-asian-markets-also-traded-lower-following-the-wall-street","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-negative-start-for-the-indian-stock-indices-the-us-markets-ended-lower-the-asian-markets-also-traded-lower-following-the-wall-street\/","title":{"rendered":"Gift Nifty indicates a negative start for the Indian stock indices; The US markets ended lower; The Asian markets also traded lower following the Wall street"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"40694\" class=\"elementor elementor-40694\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17352420 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17352420\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1316e312\" data-id=\"1316e312\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-04f8284 elementor-widget elementor-widget-text-editor\" data-id=\"04f8284\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>PRE-MARKET REPORT<\/strong><\/span><\/p><p><span style=\"color: #000000;\">The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday following weakness in global markets.<\/span><\/p><p><span style=\"color: #000000;\">Gift Nifty was trading around the 23,890 level, a discount of nearly 70 points from the Nifty futures\u2019 previous close, indicating a negative start for the Indian stock market indices.<\/span><\/p><p><span style=\"color: #000000;\">US stock market indices ended lower on Tuesday amid profit booking, while investors awaited US inflation data. The Dow Jones Industrial Average declined 382.15 points, or 0.86%, to 43,910.98, while the S&amp;P 500 fell 17.36 points, or 0.29%, to 5,983.99. The Nasdaq Composite closed 17.36 points, or 0.09%, lower at 19,281.40.<\/span><\/p><p><span style=\"color: #000000;\">Asian markets traded lower on Wednesday tracking overnight losses on Wall Street. Japan\u2019s Nikkei 225 fell 0.5%, while the Topix dropped 0.3%. South Korea\u2019s Kospi declined 1.1%, and the Kosdaq Index fell 1.4%. Hong Kong Hang Seng index futures indicated a lower opening.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-797e6d47 elementor-widget elementor-widget-text-editor\" data-id=\"797e6d47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><strong>STOCKS TODAY<\/strong><\/span><\/p><p><span style=\"color: #000000;\"><strong>FSN E-Commerce Ventures:<\/strong> The operator of Nykaa reported a 66% rise in consolidated net profit for Q2FY25, reaching \u20b913 crore compared to \u20b97.8 crore in the prior year. Revenue from operations increased 24% YoY to \u20b91,875 crore. EBITDA grew 29% YoY to \u20b9104 crore, with margins up by 18 basis points to 5.5%. GMV rose 24% YoY to \u20b93,652 crore. Beauty segment revenues climbed 24% YoY to \u20b91,703 crore, while fashion segment revenues increased 22% YoY to \u20b9166 crore.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Hyundai Motor India:<\/strong> The automaker reported a 16% decrease in consolidated net profit to \u20b91,375.47 crore for Q2FY25, down from \u20b91,628 crore a year earlier, due to weak local demand and global geopolitical challenges. This was Hyundai\u2019s first earnings report since its stock exchange debut in October.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Zydus Lifesciences:<\/strong> The pharmaceutical company reported a 14% rise in net profit to \u20b9911 crore for Q2FY25, driven by strong sales in India and the US. This compares to \u20b9801 crore in the previous year. Revenue from operations rose 20% YoY to \u20b95,237 crore. On a QoQ basis, net profit fell 35.8% and revenue declined 15.6%.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Tata Power:<\/strong> Life Insurance Corporation (LIC) announced it has divested over 2.02% of its holding in Tata Power Company, amounting to about \u20b92,888 crore, reducing its stake to 3.88%. Previously, LIC held 18,87,06,367 shares, equating to 5.906% of Tata Power\u2019s paid-up capital. The shares were sold between June 20 and November 11, 2024, at an average price of \u20b9446.402 per share through open market transactions.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Religare Enterprises:<\/strong> The company reported a consolidated net profit of \u20b968.49 crore for the second quarter ended September 2024, marking a 70% increase from \u20b940.35 crore in the same period last fiscal year. Total revenue for the period was \u20b91,971 crore, an increase from \u20b91,586 crore in Q2FY24.<\/span><\/p><p><span style=\"color: #000000;\"><strong>Natco Pharma:<\/strong> The pharmaceutical firm posted an 83% YoY increase in consolidated net profit, reaching \u20b9676 crore in Q2FY25, compared to \u20b9369 crore in the previous year\u2019s quarter. Revenue from operations grew to \u20b91,371 crore from \u20b91,031 crore in the same quarter last year.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91f697f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91f697f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-168f1bd\" data-id=\"168f1bd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6708474 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6708474\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/instakyc.flattrade.in\/Signup\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"PRE-MARKET REPORT The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Wednesday&hellip;","protected":false},"author":5,"featured_media":38798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,48,692,693,47],"class_list":{"0":"post-40694","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-opening-bell","11":"tag-pre-market","12":"tag-sensex-today","13":"cs-entry","14":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gift Nifty indicates a negative start for the Indian stock indices; 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