Wed Oct 23 09:40:46 UTC 2024: ### Stock Market News Summary:

1. **Market Performance**:
– Sensex is trading down by 112 points at 80,109.
– Nifty is down 18 points, trading around 24,454.
– Both indices are in the red, indicating selling pressure amid weak global signals.

2. **Sector Performance**:
– Key sectors like banks, auto, and real estate are showing losses.
– Finance, IT, FMCG, pharma, and metal sectors are performing positively.

3. **Global Market Influence**:
– Asian markets exhibit a mixed trend; GIFT Nifty down by 0.16%, while Hang Seng rose by 1.30%.
– U.S. markets faced pressure, with Dow Jones mildly down, whereas NASDAQ saw a slight gain.

4. **Earnings Highlights**:
– **Godrej Properties**: Q2 net profit surged fivefold to ₹335.21 crore from ₹66.80 crore last year.
– **Bajaj Finance**: Q2 profit up 13% to ₹4,014 crore.
– **Paytm’s Parent Company**: Net profit of ₹930 crore due to a one-time gain despite ongoing losses without exceptional gain.
– **Zomato**: Reports a profit of ₹176 crore in Q2 and approved raising ₹8,500 crore via equity.

5. **Notable Stock Movements**:
– Zomato shares recovered by 2.5% after an initial drop.
– JSW Energy signed a PPA with SECI for its 700 MW solar project at ₹2.56 per kWh.
– Hyundai Motor showed a recovery of over 1.50% after a poor IPO listing.

6. **Foreign Investment Trends**:
– FIIs were net sellers, divesting ₹3,978.61 crore, while domestic institutional investors bought ₹5,869.06 crore worth of shares.

7. **Commodity Prices**:
– Brent crude oil prices rose by 2% to around $76 per barrel, with WTI crude at $71.50.

Overall, the domestic market is currently under pressure from global cues, with mixed activity across sectors and significant earnings reports influencing market sentiment.

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