News

Shares of FSN E-Commerce Ventures Ltd., the parent company of Nykaa, were in focus on Monday, October 6, after the company released its business update for the September quarter.

Nykaa said it delivered a “healthy performance” in Q2, with consolidated net revenue growth expected in the mid-20% range year-on-year, supported by an early festive season boost.

The company added that gross merchandise value (GMV) growth is expected to be in the thirties, marking an acceleration from the mid-twenties growth seen in previous quarters. This momentum was driven by renewed traction in the fashion vertical and steady gains in the beauty segment.

For more details check here.

External Affairs Minister S Jaishankar at Kautilya Economic Conclave 2025

The country’s hospital stocks, including Apollo Hospitals Ltd., Max Healthcare Ltd., Global Health Ltd., Narayana Health Ltd., Yatharth Hospitals, and Fortis Healthcare Ltd., have come under scrutiny following India’s first significant overhaul of the Central Government Health Services Scheme (CGHS) since 2014.

Bank of Baroda reported steady growth in its September business update. The lender’s global business rose 10.47% year-on-year (YoY) to ₹27.79 lakh crore.

Global advances increased 11.90% YoY to ₹12.79 lakh crore, while global deposits grew 9.28% to ₹15 lakh crore.

On the domestic front, deposits rose 9.66% YoY to ₹11.59 lakh crore, and advances climbed 11.49% to ₹9.38 lakh crore.

Standalone revenue for Q2FY25 stood at ₹16,218 crore, up 15.4% year-on-year, with a three-year CAGR of 15.8%. The company added 8 new stores during the quarter, taking its total count to 432.

In the first half of FY25, 17 stores were opened, reflecting a 14.5% year-on-year rise in total stores.

Key factors to watch:

Hind Zinc Q2 Update 

Saleable Metal Production -6% yoy at 246 kt vs 262 k tn

-Refined Zinc Production +2% at 202 kt vs 198 kt

-Refined Lead Production -29% yoy at 45 kt vs 63k tn

Silver Production -22% YoY at 144 tons vs 184 tons

Vedanta Q2 

Alumina – Langigarh +31% yoy at 653kt vs 499kt

Aluminium Production +1% YoY & At 617 kt vs 609 kt

Zinc international Mined Metal +38% yoy at 60k tn vs 44k tn

Oil and Gas

Average Daily Gross Operated Production (kboepd) -15% yoy at 89.3 vs 104.9

kboepd: Thousands of barrels of oil equivalent per day

Power Sales –2% yoy at 4331 vs 4352 (In million units)

After OPEC+ decided to boost production by a small amount, oil prices rose, allaying traders’ concerns about a massive increase.

West Texas Intermediate traded close to $62, and Brent climbed past $65 per barrel. Russia and other partners of the Organisation of the Petroleum Exporting Countries met on Sunday.

Utkarsh Small Finance Bank Ltd. posted a mixed performance for the September quarter. The bank’s loan book and deposit trends showed some moderation compared to the same period last year.

Its Gross Loan Portfolio fell 2.3% year-on-year to ₹18,655 crore, compared to ₹19,101 crore in the corresponding quarter last year. On a sequential basis, the portfolio declined 3%, reflecting the bank’s continued effort to reduce exposure to Joint Liability Group (JLG) loans.

For more details, please check here.

GIFT Nifty lower, trading at a discount of over 30 points from Nifty Fut Friday close, indicates a start in the red for the Indian market

Nykaa Q2 Update

Indian Energy Exchange (IEX) reported a 7.1% year-on-year (YoY) rise in total electricity traded volume for September, reaching 11,065 million units (MU).

The Day-Ahead Market (DAM) recorded a decline of 8.3% YoY, with traded volume falling to 4,228 MU compared to 4,610 MU last year.

However, the Real-Time Electricity Market (RTM) saw strong growth, with volume increasing 22.3% YoY to 4,786 MU from 3,913 MU a year ago.

Canara Robeco Asset Management Company Ltd. has announced the price band for its ₹1,326 crore initial public offering (IPO). The IPO will open for subscription on Thursday, October 9, with shares priced between ₹253 and ₹266 each.

Retail investors can apply for a minimum of one lot containing 56 shares, which will cost ₹14,896 at the upper end of the price band. About 35% of the total issue has been reserved for retail investors. Please check here for more details.

Following a ruling-party vote that put pro-stimulus lawmaker Sanae Takaichi in the position to succeed him as Japan’s future leader, Japanese equities rose and the currency declined.

At opening, the Nikkei-225 index increased by nearly 3% on expectations that Takaichi’s initiatives would increase demand-driven shares. The yen lost 1.2% of its value in relation to the dollar.

 Welcome to CNBC-TV18’s Market Blog

Good morning, readers! Welcome to CNBC-TV18’s market blog, where we provide rolling live news coverage of the markets, lineup of TV guests, in-house editors, researchers and reporters.

Have a great day ahead. Good luck!

NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.