The key equity benchmarks traded with decent gains in early afternoon trade. The Nifty traded above the 25,400 level. Auto shares advanced after declining in the past trading session. Trading could be volatile due to weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex rose 194.40 points or 0.23% to 83,142.63. The Nifty 50 index added 56.95 points or 0.22% to 25,434.50. The Sensex and Nifty clocked an all-time high of 83,773.61 and 25,611.95 respectively in morning trade. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.82% and the S&P BSE Small-Cap index declined 2.25%. The market breadth was weak. On the BSE, 869 shares rose and 2,936 shares fell. A total of 139 shares were unchanged. Economy: Fed Cuts Rates for the First Time in Years, Signaling Policy Shift: The US Federal Reserve made a significant policy shift on Wednesday, reducing interest rates by 50 basis points. This marks the first rate cut in over four years, signaling a potential easing of the restrictive monetary policy implemented to combat inflation. The Federal Open Market Committee (FOMC) justified the decision, citing progress in curbing inflation and a shifting balance of risks. The rate cut is expected to lower borrowing costs for consumers and businesses, stimulating spending and investment. While the 50-basis point cut was at the higher end of market expectations, analysts anticipate further rate reductions in the coming months. The Fed hinted at two more 25-basis point cuts this year, but market sentiment suggests more aggressive easing could be on the horizon. Despite the optimism surrounding rate cuts, Federal Reserve Chair Jerome Powell tempered expectations. He emphasized that the central bank does not intend to return to the era of ultra-low interest rates seen during the COVID-19 pandemic. Powell indicated that the Fed's neutral rate is likely to be higher than in the past, suggesting a less accommodative monetary policy stance going forward. The Fed's rate cut will have global repercussions, particularly in emerging markets like India. Lower interest rates in the US can influence capital flows and exchange rates, affecting these economies' financial conditions. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 6.46% to 12.51. The Nifty 26 September 2024 futures were trading at 25,468.30, at a premium of 33.80 points as compared with the spot at 25,434.50. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 55.4 lakh contracts at the 26,000 strike price. Maximum Put OI of 116.8 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Auto index rose 1.46% to 25,924.15. The index shed 0.36% in the past trading session. Bajaj Auto (up 1.36%), Maruti Suzuki India (up 1.10%), Hero MotoCorp (up 1.09%), Eicher Motors (up 0.98%), MRF (up 0.5%), Tata Motors (up 0.31%), Balkrishna Industries (up 0.27%), Mahindra & Mahindra (up 0.23%) advanced. On the other hand, Exide Industries (down 3.01%), Bharat Forge (down 1.31%) and TVS Motor Company (down 0.74%) edged lower. Stocks in Spotlight: DCX Systems rose 0.84%. The company has received export orders from Elta Systems, Israel for supply electronic modules. 360 ONE WAM declined 1.21%. The company said that its board has approved raising of funds by issue of equity shares, for an aggregate amount not exceeding Rs 2,250 crore, through Qualified Institutions Placement (QIP) route.Powered by Capital Market - Live

The order entails supply of RF electronic modules, and is to be completed within 12 months. The total cost of order is $18,495,779.10, equivalent to Rs 154.80 crore. DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% decline in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.84% to currently trade at Rs 341 on the BSE.Powered by Capital Market - Live

DCX Systems has received export orders from Elta Systems, Israel for US$ 18,495,779.10 (Equivalent to about Rs 154.80 crore at exchange rate of 1 USD = INR 83.70). The order is for supply of RF electronic modules.Powered by Capital Market - Live

DCX Systems has received an export order worth Rs 187.29 crore for supply of electronic kits. Powered by Capital Market - Live

The company secured the contract for supply of electronic kits, with a project completion period of 12 months and a total cost of $22,323,200 equivalent to Rs 187.29 crore. DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% fell in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

DCX Systems announced that the 13th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

The company has secured contracts for the supply of electronic kits, cable and wire harness assemblies. The order is to be completed within a period of 12 months and a total cost of Rs 107,08,89,320. DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% fell in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

The company has secured contracts for the supply of electronic kits, cable and wire harness assemblies. The order is to be completed within a period of 12 months and a total cost of Rs 107,08,89,320. DCX Systems is one of leading Indian manufacture of electronic sub-systems and cable harnesses in defence and aerospace sector. Operations of the company are classified as system integration, cable and wire harness assemblies, and kitting. The company reported a 69.4% decrease in consolidated net profit to Rs 2.94 crore on 18.8% fell in revenue from operations to Rs 138.08 crore in Q1 FY25 over Q1 FY24. Shares of DCX Systems slipped 2.94% to Rs 319.75 on Friday, 16 August 2024. Powered by Capital Market - Live

DCX Systems has received orders of Rs 107.08 crore from domestic and overseas customers. Powered by Capital Market - Live

Securities in F&O Ban : Aditya Birla Capital, Aditya Birla Fashion and Retail(ABFRL), Bandhan Bank, Biocon, Birlasoft, Granules, Hindustan Copper, India Cements, IndiaMart Intermesh, LIC Housing Finance, Manappuram, PNB, RBL Bank, SAIL, Sun TV. IPO Lisiting: Brainbees Solutions (First Cry) and Unicommerce eSolutions will list on stock exchanges today. Brainbees Solutions (First Cry)'s IPO price band is fixed at Rs 440 to 465 per share. The IPO was open between 6th to 8th August 2024. It was subscribed 2.31 times. Unicommerce eSolutions' IPO price band is fixed at Rs 102 to 108 per share. The IPO was open between 6th to 8th August 2024. It was subscribed 131.15 times. Upcoming results: Hero MotoCorp, Hindalco Industries, Godrej Industries, IRCTC, FSN E-Commerce Ventures, SJVN, Texmaco Rail and Engineering, AllCargo Logistics, Anupam Rasayan India, Apollo Hospital Enterprise, Ashoka Buildcon, Astra Microwave Products, Dilip Buildcon, Gujarat Fluorochemical, GMR Airports Infrastructure, GNFC, HEG, IPCA Laboratories, Isgec Heavy Engineering, Kama Holdings, Landmark Cars, Manappuram Finance, Nazara Technologies. Vodafone Idea reported consolidated net loss of Rs 6,432 crore in Q1 FY25 as compared with Rs 7,675 crore posted in fourth quarter of previous fiscal. Revenue fell 1% to Rs 10,508 crore in Q1 FY25 as against 10,607 crore posted in Q4 FY24. Campus Activewear's consolidated net profit declined 19.4% YoY to Rs 25.4 crore in Q1 FY25. Revenue from operations fell 4.1% to Rs 339 crore in Q1 FY25 as compared with Rs 354 crore in Q1 FY24. Rashtriya Chemicals Fertilizers (RCF)'s consolidated net profit declined 84% to Rs 10.8 crore in Q1 FY25 as compared with Rs 67.7 crore in Q1 FY24. Revenue increased 8.7% YoY to Rs 4,396 crore in Q1 FY25. Doms Industries' consolidated net profit jumped 50% to Rs 54 crore during the quarter as compared with Rs 36 crore in Q1 FY24. Revenue stood at Rs 445 crore, up 17.41% as compared with Rs 379 crore in Q1 FY24. Dollar Industries' consolidated net profit increased 7% YoY to Rs 16 crore in Q1 FY24. Revenue rose 2% YoY to Rs 334 crore in during the quarter. Senco Gold's consolidated net profit jumped 82% to Rs 51 crore in Q1 FY25 as compared with Rs 28 core in Q1 FY24. Revenue increased 7.6% YoY to Rs 1,404 crore in Q1 FY25. AMI Organics' consolidated net profit declined 34% to Rs 14.7 crore in Q1 FY25 as compared with Rs 22.2 crore in Q1 FY24. Revenue stood at Rs 177 crore in Q1 FY25, up 14.9% as compared with Rs 154 crore in Q1 FY24. DCX Systems' consolidated net profit declined 70% to Rs 3 crore during the quarter as compared with Rs 10 crore in Q1 FY24. Revenue fell 19% to Rs 138 crore in Q1 FY25 as compared with Rs 170 crore in Q1 FY24.Powered by Capital Market - Live