The Nifty September 2024 futures closed at 25,506, a premium of 90.2 points compared with the Nifty's closing 25,415.80 in the cash market. In the cash market, the Nifty 50 added 38.25 points or 0.15% to 25,415.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 6.74% to 12.47. Vodafone Idea, HDFC Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The September 2024 F&O contracts will expire on 26 September 2024. Powered by Capital Market - Live

Vodafone Idea (-21.30%) and Indus Towers (down 10.03%) slumped. However, Bharti Airtel was up 1% to hit a record high of Rs 1711 today. The court decision has dealt a significant blow to the struggling telecom sector. Vodafone Idea, which had previously reported an AGR liability of approximately Rs 70,300 crore, including accumulated interest, had argued for a reassessment of the amount and a reduction or waiver of the penalty. However, the Supreme Court, in its verdict, found no merit in the telecom companies' claims and dismissed their petitions. The apex court's ruling has put immense pressure on Vodafone Idea, which is already grappling with a gross debt of Rs 2.1 lakh crore. Of this, only a small portion is owed to banks and financial institutions, while the majority is payable to the government. The government dues, currently under moratorium until October 2025, will pose a substantial challenge to the telecom operator once the moratorium expires. The decision has also impacted the shares of Indus Towers, which offers passive infrastructure services to mobile network operators and other wireless services providers. The Supreme Court's rejection of the telecom companies' plea further exacerbates the challenges faced by the Indian telecom sector, which has been struggling with intense competition and high spectrum costs. Powered by Capital Market - Live

Indus Towers Ltd, Chambal Fertilisers & Chemicals Ltd, IIFL Finance Ltd and Nava Ltd are among the other losers in the BSE's 'A' group today, 19 September 2024.Vodafone Idea Ltd lost 19.05% to Rs 10.45 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1958.48 lakh shares were traded on the counter so far as against the average daily volumes of 370.62 lakh shares in the past one month.Indus Towers Ltd crashed 11.24% to Rs 379.5. The stock was the second biggest loser in 'A' group.On the BSE, 12.85 lakh shares were traded on the counter so far as against the average daily volumes of 3.15 lakh shares in the past one month.Chambal Fertilisers & Chemicals Ltd tumbled 8.62% to Rs 475.85. The stock was the third biggest loser in 'A' group.On the BSE, 2.48 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past one month.IIFL Finance Ltd dropped 8.46% to Rs 484.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 3.73 lakh shares were traded on the counter so far as against the average daily volumes of 1.19 lakh shares in the past one month.Nava Ltd fell 7.96% to Rs 1212.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.01 lakh shares were traded on the counter so far as against the average daily volumes of 29177 shares in the past one month.Powered by Capital Market - Live

Easy Trip Planners Ltd, Chennai Petroleum Corporation Ltd, Time Technoplast Ltd and Indian Bank are among the other losers in the BSE's 'A' group today, 06 September 2024.Vodafone Idea Ltd lost 11.33% to Rs 13.38 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1585.19 lakh shares were traded on the counter so far as against the average daily volumes of 297.55 lakh shares in the past one month.Easy Trip Planners Ltd tumbled 5.76% to Rs 40.6. The stock was the second biggest loser in 'A' group.On the BSE, 68.43 lakh shares were traded on the counter so far as against the average daily volumes of 11.12 lakh shares in the past one month.Chennai Petroleum Corporation Ltd crashed 5.56% to Rs 919.95. The stock was the third biggest loser in 'A' group.On the BSE, 28219 shares were traded on the counter so far as against the average daily volumes of 48699 shares in the past one month.Time Technoplast Ltd pared 5.33% to Rs 402.1. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 1.1 lakh shares in the past one month.Indian Bank corrected 5.22% to Rs 524. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.06 lakh shares were traded on the counter so far as against the average daily volumes of 58068 shares in the past one month.Powered by Capital Market - Live

Vodafone Idea Ltd rose 2.44% today to trade at Rs 16.35. The BSE Telecommunication index is up 0.42% to quote at 3297.41. The index is up 1.54 % over last one month. Among the other constituents of the index, Indus Towers Ltd increased 1.28% and Avantel Ltd added 0.69% on the day. The BSE Telecommunication index went up 70.26 % over last one year compared to the 25.71% surge in benchmark SENSEX. Vodafone Idea Ltd has added 0.8% over last one month compared to 1.54% gain in BSE Telecommunication index and 0.45% rise in the SENSEX. On the BSE, 30.3 lakh shares were traded in the counter so far compared with average daily volumes of 296.19 lakh shares in the past one month. The stock hit a record high of Rs 19.15 on 28 Jun 2024. The stock hit a 52-week low of Rs 8.85 on 29 Aug 2023.Powered by Capital Market - Live

Revenue from operations decline marginally to Rs 10,508.3 crore in Q1 FY25 as against Rs 10,655.5 crore recorded in the corresponding quarter previous year. The company reported a pre-tax loss of Rs 6,426.6 crore in Q4 FY24 as against a pre-tax loss of Rs 7,837 crore posted in Q1 FY24. EBITDA for the quarter was at Rs 4,204.7 crore, up 1.15% from Rs 4,157crore recorded in Q1 FY24. EBITDA margin improved to 40% in Q4 FY24 as compared to 39% registered in the same period a year ago. The telecom operator said that the 4G subscriber base continued to grow for the twelfth successive quarter. The 4G subscriber base stood at 126.7 million at the end of Q1FY25 versus 122.9 million in Q1FY24, an addition of 3.8 million 4G subscribers over last one year. The total subscriber base stood at 210.1 million. Average revenue per user (ARPU) improved to Rs 146, up 4.5% on YoY basis as against Rs 139 in Q1 FY24, primarily aided by change in entry level plan and subscriber upgrades. Capex spend for the quarter stood at Rs 760 crore. The total debt from banks and financial institutions stood at Rs 4,650 crore and optionally convertible debentures at Rs 160 crore as of 30 June 2024. The debt from banks and financial institutions reduced by Rs 4,550 crore during the last one year (was at Rs 9,200 crore in Q1FY24). The cash and bank balance stood at Rs 18,150 crore as of June 30, 2024. The payment obligations to the Government stood at Rs 2,09,520 crore as of 30 June 2024 including deferred spectrum payment obligations of Rs 1,39,200 crore and AGR liability of Rs 70,320 crore. Akshaya Moondra, CEO of Vodafone Idea, said, 'Post the recent equity raise, we are in the process of expanding our 4G coverage and capacity as well as launch of 5G services. Some capex has already been ordered and under execution, basis which we expect approximately 15% increase in our data capacity and an increase in 4G population coverage by around 16 million by end September 24. Our current capex needs are being met out of equity funds. We are engaged with our lenders for tying up debt funding towards the execution of our network expansion with a planned capex of Rs 500 to 550 billion over next 3 years. The recent tariff intervention is a step in the right direction for the industry to move towards better return on investment, as also to improve cash generation to support the large investment requirements. However, further tariff rationalization is needed for the industry to fully cover its cost of capital.' Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles. Shares of Vodafone Idea slipped 2.06% to Rs 15.68 on the BSE. Powered by Capital Market - Live

The key equity barometers traded with tiny losses in early trade. The Nifty traded below the 24,350 level. Financial services, bank and private bank declined while consumer durables, pharma and Realty shares advanced. At 09:25 IST, the barometer index, the S&P BSE Sensex, was down 48.32 points or 0.06% to79,611.48. The Nifty 50 index declined 12.60 points or 0.05% to 24,334.40. In the broader market, the S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index added 0.59%. The market breadth was strong. On the BSE, 1,822 shares rose and 1,058 shares fell. A total of 123 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 4,680.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 4,477.73 crore in the Indian equity market on 12 August 2024, provisional data showed. Economy India's CPI inflation in July 2024 stood at 3.54%, which is the lowest since August 2019, according to official data released on Monday, August 12. In the previous month of June 2024, India's retail inflation had stood at 5.08%. Meanwhile, India's IIP recorded a growth of 4.2% in June 2024. The factory output, measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4% in June 2023. Stocks in Spotlight: Vodafone Idea rose 0.25%. The company 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 declined 2.91% after the company'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) fell 2.02% after the company'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. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.66% to 6.993 as compared with previous close 6.996. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9575, compared with its close of 83.9725 during the previous trading session. MCX Gold futures for 5 September 2024 settlement shed 0.01% to Rs 70,345. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.03% to 103.10. The United States 10-year bond yield was flat at 3.910. In the commodities market, Brent crude for October 2024 settlement declined 68 cents or 0.83% to $81.99 a barrel. Global Markets: Asian stocks climbed on Tuesday, buoyed by strong performance in Japan amid a steady yen. Investors are keenly watching for the release of U.S. inflation data, which will offer clues about the Federal Reserve's next interest rate move. Wall Street closed with a mixed performance on Monday as traders prepared for a week packed with crucial economic indicators. The benchmark S&P 500 hugged the flat line while the tech-heavy Nasdaq Composite rose about 0.2%. Meanwhile, the Dow Jones Industrial Average dropped roughly 0.4%.Powered by Capital Market - Live

Net Loss of Vodafone Idea reported to Rs 6432.10 crore in the quarter ended June 2024 as against net loss of Rs 7840.00 crore during the previous quarter ended June 2023. Sales declined 1.16% to Rs 10487.00 crore in the quarter ended June 2024 as against Rs 10610.40 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10487.0010610.40 -1 OPM %40.0939.17 - PBDT-1057.50-2220.50 52 PBT-6426.60-7837.00 18 NP-6432.10-7840.00 18 Powered by Capital Market - Live

Vodafone Idea will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live