The domestic equity benchmarks traded with significant losses in early-afternoon trade amid mixed cues from global markets and fears of full fledged war between Iran and Israel. The fall was also triggered by SEBI's new F&O rules. The Nifty traded below the 25,400 level. Financial services shares extended losses for the fourth consecutive trading session. Trading was volatile due to weekly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex tumbled 1,363.31 points or 1.61% to 82,913.07. The Nifty 50 index dropped 418.60 points or 1.62% to 25,378.30. In the broader market, the S&P BSE Mid-Cap index slipped 1.71% and the S&P BSE Small-Cap index declined 1.42%. The market breadth was weak. On the BSE, 1,100 shares rose and 2,764 shares fell. A total of 108 shares were unchanged. SEBI's new F&O rules: The Securities and Exchange Board of India's (SEBI) introduced a six-step plan to curtail retail participation in speculative index derivatives. This could result in a significant decline in trading volumes. New regulations require traders to maintain higher margins, potentially hindering their ability to take on larger leveraged positions. Moreover, the reduction of weekly options expiries to one per exchange could lead to decreased revenues for exchanges and brokers. This change means that each exchange will only offer weekly contracts for one benchmark index instead of the current two to four. These measures are designed to reduce excessive speculation in the futures and options (F&O) segment, where retail investors often find themselves on the losing end of trades. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, soared 11.15% to 13.33. The Nifty 31 October 2024 futures were trading at 25,569.50, at a premium of 191.20 points as compared with the spot at 25,378.30. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 63.2 lakh contracts at the 27,000 strike price. Maximum Put OI of 37.4 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Financial Services index slipped 1.70% to 24,062.30. The index fell 4.34% in the four consecutive trading sessions. Cholamandalam Investment & Finance Company (down 4.08%), Shriram Finance (down 3.84%), Power Finance Corporation (down 3.57%), REC (down 2.69%), LIC Housing Finance (down 2.67%), Axis Bank (down 2.65%), Bajaj Finserv (down 2.59%), Bajaj Finance (down 2.39%), Kotak Mahindra Bank (down 2.35%) and IDFC (down 2.27%) declined. Stocks in Spotlight : Hero MotoCorp declined 1.06%. The two-wheeler major's total motorcycle and scooter sales jumped 18.74% to 637,050 units in September 2024 as compared with sales of 536,499 units recorded in September 2023. J.Kumar Infraprojects added 0.36%. The company has received Letter of Acceptance (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 1,847.72 crore. Transformers and Rectifiers (India) rallied 3.49% after the company announced that it has secured orders worth Rs 565 crore from Power Grid Corporation of India for supply of transformer and reactors.Powered by Capital Market - Live

Hero MotoCorp Ltd is down for a fifth straight session today. The stock is quoting at Rs 5707.85, down 4.19% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.2% on the day, quoting at 25865.55. The Sensex is at 84467.06, down 1.29%.Hero MotoCorp Ltd has added around 2.32% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has increased around 3.97% in last one month and is currently quoting at 27610.75, down 1.82% on the day. The volume in the stock stood at 8.78 lakh shares today, compared to the daily average of 7.66 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5743.8, down 4.45% on the day. Hero MotoCorp Ltd jumped 89.28% in last one year as compared to a 32.45% rally in NIFTY and a 69.52% spurt in the Nifty Auto index.The PE of the stock is 27.91 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 6109.95, up 1.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25870.8. The Sensex is at 84661.27, up 0.14%. Hero MotoCorp Ltd has added around 14.34% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has added around 2.99% in last one month and is currently quoting at 26394.55, up 1.22% on the day. The volume in the stock stood at 4 lakh shares today, compared to the daily average of 7.74 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 6111, up 1.44% on the day. Hero MotoCorp Ltd is up 105.4% in last one year as compared to a 31.49% gain in NIFTY and a 64.7% gain in the Nifty Auto index.The PE of the stock is 28.19 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hero MotoCorp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5655.8, up 0.16% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.57% on the day, quoting at 25136.35. The Sensex is at 82165.57, down 0.47%. Hero MotoCorp Ltd has gained around 9.1% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has gained around 4.52% in last one month and is currently quoting at 26034.65, down 0.81% on the day. The volume in the stock stood at 2.92 lakh shares today, compared to the daily average of 7.73 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 5671.45, up 0.13% on the day. Hero MotoCorp Ltd is up 92.68% in last one year as compared to a 28.41% jump in NIFTY and a 61.97% jump in the Nifty Auto index.The PE of the stock is 26.48 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hero MotoCorp dispatched 512,360 units of motorcycles and scooters in August 2024. Domestic sales during the month stood at 492,263 units. Month sales were marginally impacted by supply shortages, which will be made up in September. Hero MotoCorp registered a month-on-month growth of 38% in its overall dispatch volumes and has sold 24,17,790 units in FY'25 (Apr-Aug), a growth of 8% over the corresponding period of FY'24. Powered by Capital Market - Live

While the company's motorcycles sales grew by 5.76% to 478,215 units, scooters sales declined 6.53% to 34,145 units in August 2024 over August 2023. During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 492,263 units (up 4.08% YoY) while exports of the same was at 20,097units (up 27.44% YoY). Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The company is a leading two wheeler manufacturer and has a dominant presence in domestic market. The two-wheeler major's standalone net profit increased 36.12% to Rs 1,122.63 crore on 15.7% rise in revenue from operations to Rs 10,143.73 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Hero MotoCorp Ltd is up for a fifth straight session today. The stock is quoting at Rs 5372.6, up 1.66% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Hero MotoCorp Ltd has slipped around 2.56% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has slipped around 1.2% in last one month and is currently quoting at 25586.75, up 0.15% on the day. The volume in the stock stood at 3.89 lakh shares today, compared to the daily average of 6.86 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5385.05, up 1.63% on the day. Hero MotoCorp Ltd is up 82.01% in last one year as compared to a 27.67% jump in NIFTY and a 65.34% jump in the Nifty Auto index.The PE of the stock is 24.77 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hero MotoCorp Ltd rose for a third straight session today. The stock is quoting at Rs 5258, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Hero MotoCorp Ltd has dropped around 3.76% in last one month. Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has dropped around 0.78% in last one month and is currently quoting at 25368.75, up 0.32% on the day. The volume in the stock stood at 7.11 lakh shares today, compared to the daily average of 6.63 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5268.3, up 1.54% on the day. Hero MotoCorp Ltd is up 79.36% in last one year as compared to a 27.43% gain in NIFTY and a 64.96% gain in the Nifty Auto index.The PE of the stock is 24.31 based on TTM earnings ending June 24.Powered by Capital Market - Live

Hero MotoCorp sold 15.35 lakh units of motorcycles and scooters in first quarter of FY25, up 13.45% from 13.53 lakh units sold in Q1 FY24. Profit before tax grew 36.41% year on year (YoY) to Rs 1,493.45 crore in the quarter ended 30 June 2024. Earnings before interest, tax, depreciation & amortization (EBITDA) improved to Rs 1,460 crore in June 2024 quarter, recording a growth of 21% YoY. The EBITDA margin expanded over the previous year and stood at 14.4%. Hero MotoCorp stated that it has witnessed positive trends across domestic, EV and global businesses during the quarter. The company also witnessed sequential improvement in retail sales (VAHAN). It expects the momentum to build up in the following quarters on account of positive customer sentiments, good monsoons and the upcoming festive season. The company has a slew of product launches planned in both ICE and EV categories. Niranjan Gupta, chief executive officer (CEO), Hero MotoCorp, said, We continue to be on the profitable growth journey, crossing Rs 10,000 crore revenue for the first time ever, accompanied by highest ever underlying PAT. As we surge forward, we are investing behind long term capability building to ensure sustained delivery of growth in future. We are seeing a sharp recovery in market share in 125 cc segment charged by the new model Xtreme 125 cc, while we continue to maintain formidable market share in entry and deluxe 100/110 cc segment of over 70% powered by our brands like Splendor, Passion, and HF deluxe. Our focus moving forward will be, building our brands in premium segment on the back of launches done in last few quarters, to win in this segment. We will be launching new models in scooters as well in next 2 qtrs, to re‐energise this portfolio. We have seen now our EV brand Vida starting to increase its presence and market share, and we will be expanding portfolio into affordable segment within this fiscal. The overall economic indicators in India are promising, and the inclusive policies as well as capital allocation to infra and rural sector announced in union budget is expected to bolster demand. With inflationary pressures easing, consumer spending power is set to rise, further driving momentum as we gear up for a big festive season ahead.' Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters. The scrip slipped 3.64% to Rs 5,049.95 on the BSE. Powered by Capital Market - Live

The headline equity benchmarks trade near flatline with minor gains in early trade. The Nifty traded above the 24,100 level. IT and auto shares advanced while realty, FMCG and media shares declined. At 09:27 IST, the barometer index, the S&P BSE Sensex, was up 13.83 points or 0.02% to 78,969.86. The Nifty 50 index added 2.80 points or 0.01% to 24,141.80. In the broader market, the S&P BSE Mid-Cap index rose 0.03% and the S&P BSE Small-Cap index shed 0.25%. The market breadth was negative. On the BSE, 1,369 shares rose and 1,526 shares fell. A total of 128 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 2,107.17 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,239.96 crore in the Indian equity market on 13 August 2024, provisional data showed. The domestic market will remain closed on 15 August 2024, on account of Independence Day. Stocks in Spotlight: Hero MotoCorp declined 1.67%. The company's consolidated net profit climbed 36% to Rs 1,122.63 crore during the quarter as compared with Rs 824.72 crore in Q1 FY24. Revenue jumped 15.7% YoY to Rs 10,143.73 crore in Q1 FY25. NBCC (India) advanced 1.90% after the company's consolidated net profit jumped 38% to Rs 107.19 crore in Q1 FY25 as compared with Rs 77.41 crore posted in corresponding quarter last year. Revenue climbed 11.3% YoY to Rs 2,144.16 crore during the quarter. Apollo Hospitals Enterprise rose 0.59%. The company reported 82% increase in consolidated net profit to Rs 315.50 crore in Q1 FY25 as compared with Rs 173.40 crore in Q1 FY24. Revenue increased 15.1% YoY to Rs 5,085.60 crore in Q1 FY25. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.61% to 6.991 as compared with previous close 7.005. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9150, compared with its close of 83.9700 during the previous trading session. MCX Gold futures for 5 September 2024 settlement fell 0.15% to Rs 70,250. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies rose 0.09% to 102.65. The United States 10-year bond yield was flat at 3.857. In the commodities market, Brent crude for October 2024 settlement grew 46 cents or 0.57% to $81.15 a barrel. Global Markets: Most Asian stocks advanced on Wednesday, buoyed by Wall Street's rally following upbeat US inflation data. This strengthened expectations that the Federal Reserve could initiate monetary easing as early as September. New Zealand's dollar tumbled after the central bank unexpectedly cut interest rates by 25 basis points to 5.25%. Chinese equities declined as data revealed a contraction in bank loans to the real economy for the first time in 19 years. Investors are eagerly awaiting earnings results from Tencent Holdings and details of its planned share buyback. US stocks surged on Tuesday, nearing recent record highs, after a milder-than-expected producer price index (PPI) report. The Dow Jones Industrial Average gained 1.04%, the Nasdaq Composite jumped 2.43%, and the S&P 500 climbed 1.68%. The PPI, a measure of wholesale inflation, rose 0.1% last month. This data buoyed investor sentiment ahead of Wednesday's more closely watched consumer price index (CPI) report, which is expected to show a modest increase of 0.2% month-over-month.Powered by Capital Market - Live