Stock Market Live News: Tata Group Companies Decline

The shares of all Tata Group companies are trading in the red ahead a meeting of the Tata Trust.

Tata Steel was trading with the deepest losses among the lot with over 1.57% decline followed by TCS with a 0.73% slip.

Stock Market Live News: TCS Share Price

Shares of TCS were trading lower despite the results being in-line with street expectations. The share price was trading lower at Rs 3,037 as of 9:24 a.m. This compares to a 0.21% advance in the Nifty 50.

Stock Market News Live: Nifty, Sensex At Open

Nifty opened marginally higher while the Sensex was trading flat. The names in the Nifty 50 that lead gains were Wipro and ONGC.

Rupee Opens Weaker Against US Dollar

-Rupee opened 2 paise weaker at 88.79 against US dollar

-It closed at 88.75 a dollar on Thursday

Source: Bloomberg

Stock Market Live: Earnings Post Market Hours

TCS Q2 Results Key Highlights (Consolidated, QoQ)

  • Revenue up 3.7% at Rs 65,799 crore versus Rs 63,437 crore (Bloomberg estimate: Rs 65,206 crore).

  • Profit down 5.4% at Rs 12,075 crore versus Rs 12,760 crore (Bloomberg estimate: Rs 12,568 crore).

  • EBIT rises 7% to Rs 16,565 crore versus Rs 15,514 crore (Bloomberg estimate: Rs 15,998 crore).

  • EBIT margin expands to 25.2% versus 24.45% (Bloomberg estimate: 24.53%).

Tata Elxsi Q2 Results Key Highlights (Consolidated, QoQ)

  • Revenue up 2.9% to Rs 918.10 crore versus Rs 892.09 crore

  • Net Profit up 7% to Rs 154.81 crore versus Rs 144.36 crore

  • Ebit up 5% to Rs 169.87 crore versus Rs 162.43 crore

  • Margin at 18.5% versus 18.2%

Stock Market Live: Key Events Today

  • At 10 am, NITI Aayog will publish the second paper in its Tax Policy Working Paper Series, titled “Towards India’s Tax Transformation: Decriminalisation and Trust-Based Governance.” The release will be led by B.V.R. Subrahmanyam, Chief Executive Officer of NITI Aayog.

  • Also at 10 am, the National Archives of India, under the Ministry of Culture, will open an exhibition to be inaugurated by Culture and Tourism Minister Gajendra Singh Shekhawat.

Commodity Chatter: Silver ETF Premium Surge

Kotak Mutual Fund temporarily suspended lumpsum and switch-in investments in Kotak Silver ETF Fund of Fund on Friday, citing the high spot premium for silver over the import parity price. The open-ended Fund of Fund scheme invests in units of Kotak Silver ETF, listed on the stock market.

“Domestic silver is currently trading at a significant premium compared to international prices due to acute scarcity in India’s physical silver market… We anticipate that the shortage in domestic silver supply may persist through the end of October 2025,” according to a statement.

Stock Market News Live: Commodity Check 

  • West Texas Intermediate crude gained 0.2% to trade at $61.61 a barrel

  • Spot gold increased 0.3% to $3,989.68 an ounce

  • Spot silver eased gains after touching $50 for the first time in

Stock Market News Live: Wall Street Recap

  • The S&P 500 slipped 0.28% to close at 6,735.11

  • Nasdaq Composite eased 0.08% to end at 23,024.63

  • At session highs, the S&P 500 had gained 0.2% and the Nasdaq 0.1%.

  • The Dow Jones Industrial Average declined 243.36 points, or 0.52%, to finish at 46,358.42.

Stock Market News Live: Asian Markets 

  • Hang Seng futures dropped 1.5%

  • Japan’s Topix fell 1.4%

  • Australia’s S&P/ASX 200 was flat

  • Euro Stoxx 50 futures were also unchanged.

Stock Market News Live: GIFT Nifty Signals Tepid Start

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The GIFT Nifty was trading marginally lower near 25,200 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.10% at 25,235 as of 6:50 a.m. indicating a negative start for the Indian markets.

The benchmark indices slightly underperformed in comparison to the broader market indices on Thursday. The Nifty 50 closed 0.54% higher at 25,181.80, while the Sensex closed 0.49% up at 82,172.10.

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