Markets@10: Morning gains turn to losses amid mixed results

The market opened with gains but later turned to losses, with the Sensex dipping below 81,900 and the Nifty slightly recovering after falling below 25,100. The Bank Nifty also experienced a decline.

Shares of Angel One Brokerage surged by 10% following a more than 40% increase in net income and profit margins.

Gopal Snacks saw a 2% drop in shares due to a loss in profits for the second quarter.

Lower crude oil prices benefitted paint stocks, including Asian Paints, while Polycab also rose. Conversely, ONGC fell, though oil marketing companies like HPCL gained 4.5%.

Shares of Reliance Industries fell by around 1% in the morning after disappointing earnings expectations.

Suntech Realty shares jumped by 8% due to strong sales in the second quarter.

Ola Electric increased its market share to 34%, resulting in a 4% rise in shares.

Hyundai has launched an IPO aiming to raise over ₹27,000 crore, though the grey market premium has fallen to 2%.

The rupee began trading unchanged, with the dollar opening at yesterday's closing rate of ₹84.06 and later at ₹84.07.

Gold prices fell to $2,647 in the global market, influenced by a rising dollar index. In Kerala, the price of jewellery gold dropped by ₹200 to ₹56,760.

Crude oil prices remain low, with Brent crude at $75.05.