HomeCURRENT AFFAIRSBUSINESSStock Market Today: Sensex down by 400 points, Nifty opens below 19000;...

Stock Market Today: Sensex down by 400 points, Nifty opens below 19000; Jubilant Foodworks, Indian Overseas Bank in focus

The Sensex down 400 points to 63,648.07, while the Nifty fell 117.10 points to 19,005.10.

Stock Market Today: The Nifty was down 117.10 points at 19,005.10, while the Sensex was down 400 points at 63,648.07. Approximately 115 shares were unchanged, 1415 shares fell, and 578 shares increased. On October 26, Indian indices started the day lower, with Nifty at 19,000. Among the Nifty’s top gainers were Axis Bank, IndusInd Bank, and HCL Technologies; losers included Tech Mahindra, Hindalco, M&M, Bajaj Finserv, and HDFC Bank.

Stock Market Today: Wall Street

US Treasury yields increased on Wednesday, igniting concerns that interest rates may remain higher for longer, and Alphabet shares fell following the Google parent company’s dismal earnings report. These events caused a widespread sell-off of US markets, according to Reuters. To 12,821.22, the tech-heavy Nasdaq Composite fell 318.65 points, or 2.43%. The Dow Jones Industrial Average fell 105.45 points, or 0.32%, to 33,035.93, while the S&P fell 60.91 points, or 1.43%, to 4,186.77.

Stocks in focus

Indian Overseas Bank

With immediate effect and until further orders, the Indian government has nominated Kartikeya Misra to the position of Director on the Indian Overseas Bank board, replacing Annie George Mathew. With immediate effect, Annie George Mathew is no longer a director on the bank’s board of directors.

Jubilant Foodworks

For the quarter ended September FY24, the food services company recorded a whopping 39.5 percent year-over-year loss in standalone profit at Rs 72.1 crore, which was mostly caused by a severe decline in EBITDA margin. During the same period, standalone revenue from operations increased by 4.5 percent to Rs 1,344.8 crore, mostly due to a 7.9 percent growth in Domino’s delivery channel sales.

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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