News for APL Apollo Tubes Limited (APLAPOLLO.BO)

Major Asian indices saw strong gains, with Japans Nikkei soaring 711 points (nearly 2%) during intraday trading. Hong Kongs Hang Seng rose 300 points (1.3%), Chinas Shanghai Composite gained 0.7% around 1 pm IST, and South Koreas Kospi advanced 2%.

Domestic markets rose sharply on Monday, marking a second straight day of gains, driven by strong buying in IT and auto stocks. Sentiment improved on news of delayed US-EU tariffs, a rising rupee, and monsoon optimism.

Domestic stock markets ended with strong gains on Friday, aided by buying action in IT and FMCG stocks. The headline Index, the S&P BSE Sensex, settled at 81,721.08, gaining by 769.09 points or 0.95%.

Indian markets ended sharply lower on Thursday, with Sensex down 645 points and Nifty losing 204 points, as global concerns and US tax bill discussions triggered profit booking. Analysts flagged weak near-term technical trends and expect further correction if key supports break.

Markets ended higher on Wednesday, breaking a three-day losing streak as financials, auto, and IT stocks rallied. ICICI Bank and Axis Bank led the Sensex gains, closing above 81,500.

Jan 20, 2025 / 11:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings conference call of APL Apollo Tubes Limited, hosted by Ba

APL Apollo Tubes Limited achieves record sales volume, showing strong growth in Q3FY25, trading up on NSE.

The Sensex rebalancing by Asia Index Pvt Ltd ensures it reflects Indias evolving market trends. Nuvama projects notable fund flows as institutional portfolios adjust to the changes. Zomato could see $513 million in inflows, highlighting strong investor interest, while JSW Steel's exit may lead to $252 million in outflows.

BSE has revised the circuit limits for 55 stocks. This includes companies like Angel One, Adani Total Gas, and Cyient. The price band limit is set to 10% for most stocks. Four stocks get a 5% limit and five get a 2% limit. These adjustments are to manage risk and curb excessive volatility.

The September quarter earnings season proved disastrous for India Inc, with 36 BSE 500 companies reporting over 50% profit plunges. Analysts warn the market will react negatively to the continued poor performance, particularly in sectors like auto and banking, where weak consumption demand is evident.

Zomato shares rose sharply as the food delivery firm is set to be included in the BSE Sensex. This and more in todays ETtech Top 5.

Asia Index reconstitutes indices with Zomato replacing JSW Steel in Sensex and new entries in BSE 100.

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Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

Indian benchmark indices closed flat on Monday, with IT and financials offsetting concerns over weak earnings and foreign outflows. The Nifty oscillated within the 24,000-24,350 range. Analysts suggest a potential bullish reversal with support at 24,000 and resistance at 24,500-24,550. A break below 23,970 could weaken the structure.

In an announcement on Thursday, MSCI said it has added five stocks - BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty - to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.

With 5 additions, India's stock count in the MSCI Emerging Markets (EM) Index will rise to 156, increasing its representation from 19.3% to 19.8%.

In the case of HDFC Bank, the final tranche of float-led weight adjustment will take place, potentially resulting in an inflow of approximately $1.9 billion, which is equivalent to 6.5 days of its average daily volume (ADV).

Oct 29, 2024 / 12:30PM GMTOperator Ladies and gentlemen, good day and welcome to APL Apollo Tubes Limited Q2 FY25 conference call hosted by Yes Securities. (Ope