Nifty climbs above 24,750 mark; IT shares jump
IT shares jumped after declining in the past trading session.
At 10:27 IST, the barometer index, the S&P BSE Sensex, added 516.63 points or 0.64% to 81,467.04. The Nifty 50 index advanced 162.60 points or 0.66% to 24,771.80.
In the broader market, the S&P BSE Mid-Cap index advanced 0.15% and the S&P BSE Small-Cap index jumped 0.15%.
The market breadth was positive. On the BSE, 1,942 shares rose and 1,501 shares fell. A total of 216 shares were unchanged.
Result Today:
JSW Steel (up 0.99%), Aditya Birla Fashion and Retail (ABFRL) (up 0.33%), Afcons Infrastructure (down1.16%), AIA Engineering (down 0.93%), Anupam Rasayan India (up 1.32%), Apollo Micro Systems (down 3.02%), Ashoka Buildcon (up 0.05%), Ashok Leyland (up 0.50%), Azad Engineering (down 0.12%), Balkrishna Industries (up 0.56%), BEML (up 0.29%), Cello World (up 0.41%), Devyani International (down 0.50%), Dreamfolks Services (up 7.47%) will announce their results later today.
Buzzing index:
The Nifty IT index jumped 1.87% to 37,743.75. The index fell 1.31% in the past trading session.
Persistent Systems (up 2.56%), Tech Mahindra (up 2.37%), Coforge (up 2.2%), Oracle Financial Services Software (up 2.15%), Infosys (up 2.15%), HCL Technologies (up 1.83%), Mphasis (up 1.73%), Wipro (up 1.61%), Tata Consultancy Services (up 1.24%) and LTIMindtree (up 1.1%) surged.
Stock in Spotlight:
Grasim Industries added 1.09% after the companys consolidated net profit increased 9.2% to Rs 1,545.99 crore in Q4 FY25 as compared with Rs 1,369.82 crore in Q4 FY24. Revenue from operations jumped 17.3% YoY to Rs 44,267.26 crore during the quarter ended 31st March 2025.
Metro Brands jumped 8.23%. The company reported 38.9% decline in consolidated net profit to Rs 94.75 crore in Q4 FY25 as compared with Rs 155.17 crore in Q4 FY24. Net sales jumped 10.3% YoY to Rs 642.77 crore in Q4 FY25.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Value Chain
6 minutes ago
- Fashion Value Chain
Sleepyhead's Purr-fect Couch for Cats and Pet Parents
Sleepyhead, the modern furniture and sleep solutions brand, has launched the Purr-fect Couch — India's first sofa designed for both humans and cats — in partnership with pet care brand Supertails. This limited-edition piece celebrates International Cat Day, merging Sleepyhead's expertise in human comfort with Supertails' insights into feline needs. Available at an introductory price of INR 30,000 on and select Bengaluru stores, each purchase includes a complimentary 6-month supply of cat food from Supertails. The design offers a blend of contemporary style and pet-focused functionality: Play Cubbies : Two cosy spaces where cats can hide while staying close to their owners. Scratch Pad : A dedicated scratching area to keep claws busy and furniture damage-free. Changeable Catnip Toys: Two dangling toy balls for endless swatting, jumping, and playful hunting. Ullas Vijay, Chief Marketing Officer, Duroflex Group, explained, 'For pet parents, cats get bored easily and most homes don't keep them engaged. Their favourite spots are often scattered — from a corner hideout to a separate scratching post. The Purr-fect Couch brings structure and shared comfort by blending our design expertise with Supertails' understanding of feline wellbeing.' Vineet Khanna, Co-founder, Supertails, added, 'Indian pet parents are prioritising their pets' wellbeing more than ever, with the pet care market projected to touch Rs 1 lakh crore in the next decade. Collaborating with Sleepyhead allowed us to create a product that reflects this shift.' Promoted across Sleepyhead's social channels, the launch targets the growing community of pet parents, aligning with the brand's unconventional design ethos. From the Pride Sofa under the 'Straight Isn't the Default' campaign to this cat-friendly innovation, Sleepyhead continues to design for modern living and meaningful connections between people and their pets.
&w=3840&q=100)
Business Standard
6 minutes ago
- Business Standard
Puravankara slips 5% after posting ₹68 crore Q1 loss; check details here
Shares of Puravankara fell over 5 per cent on Monday after the company posted a loss of ₹68.55 crore in the first quarter of the financial year 2026 (Q1FY26). The real estate company's stock fell as much as 5.45 per cent during the day to ₹252.2 per share, the steepest intraday loss since June 2 this year. The stock pared losses to trade 2.51 per cent lower at ₹259.80 apiece, compared to a 0.33 per cent advance in Nifty 50 as of 12:37 PM. Shares of the company have fallen for the fifth straight session and currently trade at 1 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 32 per cent this year, compared to a 3.3 per cent advance in the benchmark Nifty 50. Puravankara has a total market capitalisation of ₹6,161.15 crore. Puravankara Q1 results Bengaluru-headquartered realtor reported a net loss of ₹68.55 crore in Q1FY26, as compared to a net profit of ₹14.78 crore in the same quarter the previous year, driven by a dip in handovers and sales due to regulatory changes. The company's revenue from operations narrowed to ₹524.4 crore, down 20.3 per cent in the quarter. On a sequential basis, revenue was down 4.44 per cent. In Q1FY26, the company recorded sales of Rs 1,124 crore, up 6 per cent year-on-year, on sales volume of 1.25 million square feet. The average realisation rose 9 per cent to Rs 8,988 per square foot, while collections stood at ₹857 crore. 'Our handovers and sales were less than our expectations due to regulatory changes, including e-Khata and changes in byelaws. However, our team is confident of achieving the scheduled handover and launches,' said Ashish Puravankara, Managing Director, Puravankara. Puravankara management commentary Puravankara noted that while regulatory changes, including the e-Khata process, have impacted handover and revenue recognition timelines, it remains on track to deliver over 4,500 units during the financial year. Of the planned handovers, 3.65 million square feet (3,015 units) have been completed and Occupancy Certificates (OCs) received, and are currently pending e-Khata issuance for final possession handover. In Q1FY26, the company handed over 667 units covering 0.68 million square feet, generating revenue of ₹539 crore. As of 30 June, Puravankara has completed 92 projects measuring approximately 54 million square feet across nine cities, including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune and Goa. The company's total land bank is approximately 30 million square feet, and ongoing projects add up to 35.75 million square feet.
India.com
6 minutes ago
- India.com
Modi's govt's masterstroke to shock China! prepares Rs 60000000000 plan for rare earth magnet, no more dependency on…
India-China China has recently stopped the supply of rare earth magnets and has created a crisis for Indian industries. The government has already started taking multiple measures to address the situation of acquiring rare earth assets abroad. As part of this effort, the government is set to introduce changes to mining laws this week. After these changes it will become easier for the companies to raise funds for acquiring critical mineral assets overseas. What's Govt's Plan To Obtain Rare Earth Magnets? A senior official told The Economic Times that the proposal has already been approved within the government. The amendment bill to the Mines and Minerals (Development and Regulation) Act may be tabled in Parliament as early as Monday. The government plans to use funds from the National Mineral Exploration Trust (NMET) for purchasing these assets abroad. The trust currently holds over Rs 6,000 crore, collected from mining leaseholders who contribute 2% of their royalty payments to it. According to the proposal, the trust's name will be modified to include the word 'Development,' and expand its role in the exploration, acquisition, and development of critical mineral resources overseas. The goal is to improve the supply of essential minerals. The last amendment to this law was made in 2023. This revision will address the shortage of raw materials for critical minerals and also help to fund new acquisitions. The government is also planning to allow the one-time sale of mineral waste generated from captive mines. How Will It Help Industries? The amendments will allow states to permit the sale like waste from leased areas for an additional fee. Other proposals are to simplify the rules like if a new mineral is discovered, it can be added to an existing mining lease upon payment of a fee. Similarly, if a leaseholder has rights to deep-seated mineral resources, they may apply to include adjoining areas in their lease. This option can be used only once, and the lease area cannot be expanded by more than 10%.
