The frontline equity barometers came off the day's high in early afternoon trade. The Nifty traded above the 24,600 level. FMCG shares extended gains for the eighth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 115.37 points or 0.14% to 80,782.17. The Nifty 50 index rose 45.90 points or 0.19% to 24,632.60. The Sensex and Nifty clocked an all-time high of 80,898.3 and 23,692.25 respectively in mid-morning trade. In the broader market, the S&P BSE Mid-Cap index shed 0.04% and the S&P BSE Small-Cap index gained 0.53%. The S&P BSE Mid-Cap index hit an all-time high at 48,175.21. The market breadth was strong. On the BSE, 2,199 shares rose and 1,586 shares fell. A total of 134 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.25% to 14.37. The Nifty 25 July 2024 futures were trading at 24,668.20, at a premium of 35.6 points as compared with the spot at 24,632.60. The Nifty option chain for the 25 July 2024 expiry showed maximum Call OI of 37.5 lakh contracts at the 25,000 strike price. Maximum Put OI of 61.2 lakh contracts were seen at 23,500 strike price. Buzzing Index: The Nifty FMCG index rose 0.76% to 60,525.15. The index jumped 6.07% in eight consecutive trading sessions. Hindustan Unilever (up 2.47%), Tata Consumer Products (up 1.96%), Marico (up 1.85%), United Breweries (up 1.62%), Balrampur Chini Mills (up 1.47%), Dabur India (up 1.06%), Colgate-Palmolive (India) (up 1.06%), Godrej Consumer Products (up 0.89%), Britannia Industries (up 0.79%) and Radico Khaitan (up 0.4%) advanced. On the other hand, Varun Beverages (down 1.32%), United Spirits (down 0.79%) and Nestle India (down 0.48%) edged lower. Stocks in Spotlight : Jio Financial Services fell 2.36% after the NBFC reported a 5.81% decline in consolidated net profit to Rs 312.63 crore in Q1 FY25 from Rs 331.92 crore posted in Q1 FY24. Spicejet jumped 5.71% after the company reported standalone net profit of Rs 119 crore in Q4 FY24, steeply higher than Rs 16.85 crore posted in Q4 FY23. Century Textiles and Industries rallied 4.13% after the company said that its wholly owned subsidiary Birla Estates has acquired a 5-acre land parcel in Sector 71, Gurugram.Powered by Capital Market - Live

Securities in F&O ban: Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers & Chemicals, GMR Airports Infrastructure, GNFC, IEX, India Cements, Indus Towers, Piramal Enterprises and RBL Bank. Upcoming results: Alok Industries, Bajaj Auto, Century Textiles & Industries, Crisil, Himadri Speciality Chemical, Jubilant Ingrevia, Just Dial and L&T Finance Hatsun Agro Product's revenue increased 10% to Rs 2,375 crore in Q1 FY25 as comapred with Rs 2,151 crore. Net profit jumped 63% YoY to Rs 131 crore in Q1 FY25. The company declared dividend of Rs 6 per share. Jio Financial Services' revenue was flat at Rs 417.8 crore in Q1 FY25 as compared with Rs 418.1 crore in Q1 FY24. Net profit increased marginally to Rs 312.6 crore in Q1 FY25 a compared with Rs 310.6 crore posted inc corresponding quarter last year. Spicejet reported consolidated Net profit of Rs 127 crore as on 30 June 2024 as compared with net loss of Rs 6.2 crore in Q1 FY24. Revenue declined 19% to Rs 1738 crore in Q1 FY25 as compared with Rs 2,145 crore in Q1 FY24. Angel One's consolidated net profit stood at Rs 293 crore, up 33% as compared with Rs 221 crore. Total income jumped 74% YoY to Rs 1,410 crore from Rs 811 crore. Hindustan Unilever (HUL) will divest its water purification business, Pureit via a slump sale to AO Smith India at an enterprise value of Rs 601 crore. The sale is in line with its intent to focus sharply on core strategies. Balkirhsna Industries completed setting up of a mould manufacturing plant at Bhuj unit with a capex of Rs 300 crore. Lupin divested its US commercial women's health specialty business to Evofem Biosciences for consideration of up to $84 million based on future contingent milestones. Ujaas Energy approved a bonus issue of one for every four held. It will also raise up to Rs 500 crore via equity. Lemon Tree Hotels opened a 42 room hotel in Jhamshedpur, Jharkhand.Powered by Capital Market - Live

Net profit of Jio Financial Services declined 5.81% to Rs 312.63 crore in the quarter ended June 2024 as against Rs 331.92 crore during the previous quarter ended June 2023. Sales rose 0.89% to Rs 417.82 crore in the quarter ended June 2024 as against Rs 414.13 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales417.82414.13 1 OPM %82.3090.78 - PBDT405.78432.65 -6 PBT400.39427.30 -6 NP312.63331.92 -6 Powered by Capital Market - Live