Author: MarketScope Daily

Ola Electric has reduced its year-on-year (YoY) net loss for the quarter ending September 2024 to Rs 495 crore, compared to Rs 524 crore in the same period last year, indicating financial progress despite competitive pressures and sectoral challenges. The company reported a 39% increase in revenue, reaching Rs 1,214 crore. However, sequential losses widened, raising questions about the sustainability of growth in the face of ongoing expansion plans and efforts to maintain market leadership. As of 12:06 PM on Monday, Ola Electric’s shares are trading at Rs 76.28, up 4.90% from the opening price of Rs 72.72, after initially…

Indian stock markets are expected to open on a cautious note Monday, with benchmark indices Sensex and Nifty 50 reflecting softness in the Asian markets. Despite a positive finish in US markets last week, driven by the Nasdaq’s best weekly gains in two months, India’s domestic indices closed with minor declines. On Friday, the Sensex fell by 0.07%, ending at 79,486.32, while the Nifty 50 dropped 0.21% to settle at 24,148.20, impacted by selling pressure on heavyweight stocks. This week, investors will be watching a blend of global and domestic cues. Geopolitical developments in the Middle East remain a key…

Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) play vital roles in India’s stock market, influencing investment flows and market stability. What are FIIs and DIIs? Foreign Institutional Investors (FIIs) refer to investment entities or funds based outside India that invest in Indian assets. These can include mutual funds, insurance companies, or sovereign wealth funds from any other country. To operate in India, FIIs must register with SEBI (Securities and Exchange Board of India), ensuring compliance with the country’s regulatory standards. In India, FIIs are also commonly known as Foreign Portfolio Investors (FPIs), highlighting their role in managing diversified…

EBITDA, or “Earnings Before Interest, Taxes, Depreciation, and Amortization,” is a widely used metric for evaluating a company’s profitability and operational efficiency. By excluding specific expenses, EBITDA looks at a company’s core performance, making it a valuable tool for investors and analysts. This helps us understand the underlying profitability of businesses, particularly in industries with high capital expenditures. Key Takeaways What is EBITDA and How is It Calculated? EBITDA represents a company’s earnings by adding back costs related to interest, taxes, depreciation, and amortization to its net income. This approach provides insights into the business’s operational efficiency by removing the…

November 8 – Emcure Pharmaceuticals’ shares rose by 6%, reaching Rs 1,523.80 on the BSE, after the company posted strong Q2 FY25 financial results. But currently pulled back and trading around 1,441.20 at 11:30 am IST. The company reported solid growth in both revenue and profits, driven by gains in domestic and international markets, positioning it for continued expansion. Q2 Financial Highlights For the quarter ending September 30, 2024, Emcure reported substantial growth across its key financial metrics: Performance in Domestic and International Markets Emcure’s revenue growth was balanced across its domestic and international markets: Strategic Growth Initiatives Satish Mehta,…

November 8 – Shares of Cochin Shipyard Ltd may see a modest movement today following the company’s Q2 earnings report and announcement of an interim dividend for FY 2024-25. The stock currently Trading at at Rs 1,474.00 or down by 3.2% at 09:28 am IST, after a gap down opening on the NSE. Strong Earnings Growth in Q2 For the quarter ending September 30, 2024, Cochin Shipyard reported a 4% increase in net profit, reaching Rs 189 crore compared to Rs 182 crore in the same quarter of the previous fiscal year. Revenue also saw a 13% growth, rising to…

The Indian stock market is expected to open flat on Friday as global cues provide mixed signals. Major indices, Sensex and Nifty 50, closed sharply lower on Thursday after a recent rally fueled by former President Donald Trump’s 2024 U.S. election victory. The optimism surrounding this rally started to wane, leading to significant declines: Sensex dropped 836 points, closing at 79,541.79, while Nifty 50 fell 284.70 points, settling at 24,199.35. In global markets, Asian indices rose, supported by an overnight rally on Wall Street. The U.S. Federal Reserve’s 25 basis point rate cut contributed to gains, propelling both the S&P…

November 7, 2024 – Gold prices inched up modestly on Thursday as investors focused on the upcoming Federal Reserve rate decision expected later today. With speculations around a potential rate cut, market sentiments toward gold remain mixed, balancing recent gains with broader inflationary concerns. Caution for Indian Readers – Indian readers should note that international market trends, while indicative, do not guarantee specific outcomes in the local market. Factors such as domestic inflation, gold import duties, and local demand could significantly influence gold’s price in India. Gold Holds Steady XAU/USD gained 1.12%, reaching $2,690.23 as of 02:25 GMT, following a…

The recent election results in the United States, which saw Donald Trump secure a historic return to the presidency, have sent ripples through financial markets, with Bitcoin reaching a new high of $76,400. Now it taking a pullback, Currently Trading at 74,900 at 7:40 am GMT. Investor sentiment appears buoyed by Trump’s prior support for cryptocurrency and potential future policies that could benefit the digital economy. As markets anticipate possible deregulation in the financial sector, Bitcoin’s surge has also impacted the net worths of leading billionaires invested in tech and cryptocurrency. Disclaimer – Indian readers should be aware of local…

The domestic equity markets, including Sensex and Nifty 50, are expected to experience heightened volatility on Thursday, with mixed global cues following the results of the 2024 U.S. presidential election. Asian markets traded lower, while U.S. stock markets surged overnight, with both the Dow Jones and S&P 500 registering their largest single-day percentage gains since November 2022. Republican candidate Donald Trump emerged as the frontrunner, securing a significant number of electoral votes, which has added another layer of uncertainty for global markets. Investors are now turning their attention to the U.S. Federal Reserve’s monetary policy announcement scheduled for today. A…