The key equity indices traded with limited losses in early afternoon trade. The Nifty traded below the 24,950 mark after hitting day's high of 25,143 in early trade. Media shares extended losses for the third consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was down 167.98 points or 0.21% to 81,515.63. The Nifty 50 index fell 92.95 points or 0.37% to 24,921.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slipped 1.56% and the S&P BSE Small-Cap index tumbled 2.61%. The market breadth was weak. On the BSE, 624 shares rose and 3,317 shares fell. A total of 124 shares were unchanged. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.49% to 14.76. The Nifty 31 October 2024 futures were trading at 25,121.20, at a premium of 199.55 points as compared with the spot at 24,921.65. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 35.3 lakh contracts at the 25,500 strike price. Maximum Put OI of 35.7 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index added 1.94% to 2,030.75. The index tumbled 6.53% in three consecutive trading sessions. Network 18 Media & Investments (down 4.99%), TV18 Broadcast (down 3.9%), Nazara Technologies (down 3.49%), Zee Entertainment Enterprises (down 3.32%), Dish TV India (down 3.27%), Hathway Cable & Datacom (down 2.94%), Saregama India (down 2.21%), PVR Inox (down 1.93%) and Sun TV Network (down 1.78%) edged lower. Stocks in Spotlight : Titan Company fell 2.25%. The Tata Group company reported standalone revenue growth of 25% in second quarter of FY25. The firm also launched 75 new outlets during the quarter, taking its total retail network to 3,171 stores. Bank of India slipped 2.86%. The bank informed that its domestic deposits increased 12.34% to Rs 6,72,731 crore as on September 2024 compared with Rs 5,98,850 crore posted in September 2023. Metropolis Healthcare shed 0.82%. The healthcare service provider said that its revenue jumped around 13% year on year (YoY) in the quarter ended 30 September 2024. Powered by Capital Market - Live

The domestic equity benchmarks traded with modest gains in early trade. The Nifty traded above the 25,050 mark.IT, realty and FMCG shares advanced while oil & gas, metal and consumer durables stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex rose 215.26 points or 0.27% to 81,912.37. The Nifty 50 index added 63.75 points or 0.25% to 25,078.35. In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.16%. The market breadth was positive. On the BSE, 1,797 shares rose and 1,238 shares fell. A total of 166 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 9,896.95 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 8,905.08 crore in the Indian equity market on 4 October 2024, provisional data showed. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Stocks in Spotlight: Titan Company shed 0.67%. The company reported a standalone growth of 25% year-on-year. During the quarter, it added a net total of 75 stores. The jewellery segment experienced a 26% year on year rise, and the Carat Lane business recorded a 28% YoY growth. IndusInd Bank rose 0.02%. The bank's net advances jumped 13% YoY to Rs 3.57 lakh crore in Q2 FY25. Its deposits increased 15% to Rs 4.13 lakh crore in second quarter ended September 2024. Retail deposits and deposits from small business customers amounted to Rs 1.81 lakh crore as of 30 September 2024 as compared with Rs 1.74 lakh as of 30 June 2024. Macrotech Developers rallied 3.29% after the company's pre-sales jumped 21% to Rs 4,290 crore in Q2 FY25 as compared with Rs 3,530 crore in Q2 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.78% to 6.951 as compared with previous close 6.829. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9700, compared with its close of 83.9900 during the previous trading session. MCX Gold futures for 4 December 2024 settlement shed 0.19% to Rs 75,995. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 102.50. The United States 10-year bond yield fell 0.25% to 3.971. In the commodities market, Brent crude for December 2024 settlement lost 33 cents or 0.42% to $77.72 a barrel. Global Markets: Asian stocks climbed, and the dollar strengthened against the yen on Monday. This followed strong U.S. job growth data, which eased recession concerns and reduced expectations for interest rate cuts. Short-term U.S. Treasury yields rose after the non-farm payrolls report showed more jobs added than expected in September. Crude oil prices declined slightly despite ongoing tensions in the Middle East. U.S. stocks rallied on Friday after the positive job report boosted investor confidence in the economy. The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81%, to notch an all-time closing high of 42,352.75. Technology stocks like Tesla, Amazon, and Netflix led the gains, while financial stocks also performed well. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%. Powered by Capital Market - Live

Titan Company has fully redeemed the Commercial Papers (CPs) of Rs 600 crore issued on 15 July 2024. The maturity proceeds of the CPs have been duly paid to all the holders today.Powered by Capital Market - Live

Titan Company announced that Bhaskar Bhat, ceased to be a Director on the Board of the Company on attaining superannuation with effect from 29 August 2024. Powered by Capital Market - Live

Tanishq and De Beers join hands to enhance consumer education, interest and confidence, and to promote natural diamonds across India. Through this collaboration, the two parties will capitalise on Tanishq's deep understanding of the Indian market built up over three decades, combined with De Beers' expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds, underscoring their inherent value, rarity and timelessness. 'With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11% of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant opportunity to catalyse further growth for natural diamond jewellery in India,' Titan stated in the press release. The collaboration will focus on building extensive consumer outreach, deepening capabilities of Tanishq's retail staff to communicate about natural diamonds, educating consumers about authenticity, and shaping customer experiences as they explore their desire for natural diamonds and studded jewellery. This will also be supported by a compelling 360-degree marketing campaign to build awareness and target expanding the customer base in the country, including first time buyers, said the firm. 'The new collaboration builds on the existing relationship between Tanishq and De Beers, with Tanishq already using De Beers' proprietary diamond verification technology to support the assurance of the authenticity of its products. The two parties are also in talks regarding opportunities to collaborate on traceability, how Tanishq's diamond supply needs can best be met and further opportunities to use De Beers' proprietary technologies to support pipeline integrity,' it added. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. The company reported marginal decline in standalone net profit to Rs 770 crore in Q1 FY25 as against Rs 777 crore posted in Q1 FY24. Revenue from operations jumped 9.92% year on year (YoY) to Rs 11,105 crore during the quarter. Shares of Titan Company shed 0.64% to Rs 3,528.10 on the BSE.Powered by Capital Market - Live

De Beers Group, the world's leading diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group, today announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market. With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11 per cent of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant opportunity to catalyse further growth for natural diamond jewellery in India. To help unlock the growth opportunity, Tanishq and De Beers have agreed to come together on a long-term collaboration to enhance consumer education, interest and confidence, and to promote natural diamonds across India. Through this collaboration, the two parties will capitalise on Tanishq's deep understanding of the Indian market built up over three decades, combined with De Beers' expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds, underscoring their inherent value, rarity and timelessness. The collaboration will focus on building extensive consumer outreach, deepening capabilities of Tanishq's retail staff to communicate about natural diamonds, educating consumers about authenticity, and shaping customer experiences as they explore their desire for natural diamonds and studded jewellery. This will also be supported by a compelling 360-degree marketing campaign to build awareness and target expanding the customer base in the country, including first time buyers. The new collaboration builds on the existing relationship between Tanishq and De Beers, with Tanishq already using De Beers' proprietary diamond verification technology to support the assurance of the authenticity of its products. The two parties are also in talks regarding opportunities to collaborate on traceability, how Tanishq's diamond supply needs can best be met and further opportunities to use De Beers' proprietary technologies to support pipeline integrity. Powered by Capital Market - Live