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Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period.

stocks blunted the impact of a weaker dollar that helped lift the currency's regional peers ahead of the U.S. presidential election. The rupee closed at 84.1150 against the U.S. dollar after touching its all-time low of 84.1225 earlier in the session.

«There are some global factors as well that what is the trajectory of China's stimulus, so that has been one of the key factors, which in the last year, when some of the FIIs might have thought about China also as an investment class. But after that, again, China has corrected as well,» says Shreyash Devalkar, Axis Mutual Fund. The Nifty is down more than 2000 points from its September highs. Do you expect more correction to come in or are the valuations now looking attractive? How are you reading into this fall in the markets? What could have been the reason? What could be the reason for the Nifty to consolidate at these levels? What are your views when it comes to the Indian markets? Shreyash Devalkar: So, yes, we have seen that Indian market correcting, especially in last month, multiple factors has started affecting it. First and foremost, obviously, the valuations we have observed has been high in India. And when we say high, it is in the context that in across sectors, it is at least almost 30% to 200% higher than pre-COVID level as far as valuations are concerned, barring probably private sector banks, everywhere else this was observed and so that is actually the one point which has led to this correction.

Shares are mostly higher in Europe and Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy

Subscribe to enjoy similar stories. Political risk—the notion that an election might have a meaningful impact on financial markets—used to be something that was the concern of emerging-market investors. Those in rich countries paid attention to central bankers, rather than politicians.

In the firm's quarterly earnings report, released on Saturday (2 November), Berkshire's figures revealed it had shed 100 million shares of Apple during the last three months, approximately a quarter of its holding.  This means that Buffet has ditched nearly two thirds of his stake in Apple since its 2023 peak, which accounted for $178bn of the company's stock portfolio at the time. Apple shares suffer in pre-market trading as Warren Buffett halves stake The decision follows a slump in Apple's net income reported in its fourth-quarter results last week, leading the tech giants share...

GAIL (India) Ltd. traded at Rs 197.05 on BSE at 01:18PM (IST) on Monday, 1.57 per cent from previous close. The scrip quoted a 52-week low price of Rs 118.75 and a high of Rs 246.35.

Marico Ltd. 1.86 per cent to Rs 634.35 in Monday's session as of 01:07PM (IST) even as the equity benchmark Sensex traded 1232.28 points at 78491.84. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 719.80 and a 52-week low of Rs 486.75 on NSE. Around 21543 shares changed hands on the counter till 01:07PM (IST).

«We will get to know in the next few days how it goes, that typically means higher yields and stronger dollar, which is against what the market had factored in. But the underlying reason is that our valuations were rich and earnings are not supporting it, that is causing and compounding the problem,» says Gurmeet Chadha, Complete Circle Consultants. There are geopolitical events, there are elections in US, US markets are holding on, Asian markets are holding on, but India is reacting to what could happen to American elections. So, why are we pre-empting and reacting to every event in the world? Gurmeet Chadha: It has been a combination of two-three factors. I agree it has largely been FII sell-off, I mean, probably a record number in October. Never personally seen every single trading session, FII selling and that has been compounded by two things. One, the earnings and the monthly updates we get on different sectors, including auto and high-frequency sectors, which indicate economic momentum, have been a little underwhelming.

cryptocurrency market showed mixed trends on Monday as investors prepared for key events—the US presidential election and an anticipated Federal Reserve rate cut, both of which could significantly impact crypto markets. Major tokens like Bitcoin, Ethereum, Dogecoin, Tron, and Toncoin saw gains, while others such as BNB, Cardano, Shiba Inu, Chainlink, Polkadot, Litecoin, Uniswap, and NEAR Protocol experienced losses of up to 3%.

Tata Elxsi Ltd. 1.57 per cent to Rs 6995.40 in Monday's trade as of 12:53PM (IST) even as the benchmark Nifty ruled at 23869.4, 434.95 points. The scrip had closed at Rs 7107.70 in the previous session. The stock quoted a 52-week low of Rs 6406.60 and a high of Rs 9191.10. The company quoted a market-cap of Rs 43595.73 crore on the BSE.

Sensex has lost over 7,700 points in a matter of just 5 weeks or 25 trading sessions. After hitting a record high of 85,978 points on 27 September, Sensex fell for four consecutive weeks before consolidating in the Diwali week. Ahead of two key events — the US election and the Fed meeting — traders chose to opt for a risk-off mode on Monday when the Sensex fell nearly 1,500 points. Nifty fell about 2% to 23,800 — its lowest level since August 6.

Nilesh Shah, MD, Kotak AMC, says the returns we have seen in the last three and five years are unlikely to be repeated over the next three and five years. Last five years’ returns from Jan ‘20 to September ‘24 were about 21% for the broad market and about 30% plus for small and midcap. Those returns are unlikely to be repeated over the next three or five years. The returns could still be in the low double digits, if there is a fair possibility that India continues to deliver and our peers continue to score a self-goal. In the last couple of weeks, it has been local versus global. Globally, things are okay, locally, things are bad. Do you think this trend of local versus global will continue? Nilesh Shah: In some sense, local and global are two opposite sides of a coin and in some sense they are on the same side. If stock prices go up, both local and global investors benefit. But the driver for local and global investors could be different. Global investors have a much wider plate to invest into. Local investors, by definition, are constrained to invest in India. Global investors often come down or top down, though many of them have established offices in India.

Cholamandalam Investment & Finance Company Ltd. 2.0 per cent to Rs 1258.30 at 12:22PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 14,365 shares with a turnover of Rs 1.81 crore till 12:22PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 27.52, while the price-to-book value ratio stood at 4.96.

Colgate-Palmolive (India) Ltd. 2.46 per cent to Rs 2990.40 in Monday's trade. It hit a high of Rs 3057.45 and low of Rs 2982.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3003.1, while the 50-DMA was at Rs 3537.88. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Adani Ports and Special Economic Zone (APSEZ) fell by 4% to their day’s low of Rs 1,336.30 on the BSE after the company shared its October business update wherein it has reported handling of 37.9 MMT of cargo. The company stated that the achieved volume was in alignment with their yearly volume target.

Donald Trump's standing in prediction markets has declined significantly in the past week, while Kamala Harris has seen a surge in support. Prediction provider PredictIt now prices Harris's chance of winning at 54 cents, up from 42 cents a week ago. Trump's price has dropped to 51 cents from 60 cents on Tuesday. Kalshi shows Trump with a 51% chance of winning as of Sunday, down from 64.6% on Tuesday, while Harris's odds have increased to 49%, up from 35.4%.

Adani Power Ltd. traded 1.28 per cent in Monday's session at 12:31PM (IST). The stock opened at Rs 597.10 and has touched an intraday high and low of Rs 597.10 and Rs 586.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 365.55. About 71,202 shares changed hands on the counter so far.

Afcons Infrastructure surged 8.4% to Rs 461.7 on the NSE after their weak debut on the exchanges on Monday. The stock debuted at Rs 426 on the NSE, reflecting a discount of Rs 37 or 8% over the IPO price of Rs 463. Meanwhile, the stock debuted 7% lower at Rs 430 on BSE.

Azad Engineering shares rallied over 14% to Rs 1,670 in Monday's trade on BSE, following the announcement of a major long-term contract with Mitsubishi Heavy Industries worth Rs 700 crore. «Azad Engineering Limited has signed long term contract & price agreement (LTCPA) with Mitsubishi Heavy Industries Limited, Japan (MHI) for the supply of highly engineered & complex rotating and stationary airfoils for advanced gas & thermal power turbine engines to meet their global demand in the power generation industry,» the company said in an exchange filing.

SRF Ltd. traded 0.4 per cent in Monday's trade at 11:35AM (IST). Around 2,148 shares changed hands on the counter. The stock opened at Rs 2243.25 and touched an intraday high and low of Rs 2256.50 and Rs 2223.00, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2088.55.