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Stock Market Today: Nifty, Sensex End Flat After See-Saw Trade
Benchmark underperforms Broader Market Indices
Benchmark Indices gains over 1% for the week;
Nifty close above 24,700 mark for the week.
Mahindra & Mahindra, Tata Steel and Eicherr Motors gain the most in Nifty
Mahindra & Mahindra gains over 11% for the week, best weekly gain since June 2024
All sectoral Indices gain this week, barring Nifty IT
Nifty Metal emerges as the top gaining sector for the week; gains over 5% for the week
National Aluminium, Jindal Steel and SAIl gain the most in Nifty Metal
Nifty Metal and Nifty Auto gains over 5% for the week.
Nifty IT fall over 1% for the week, emerges as the top losing sector for the week
Coforge, Persistent Systems and HCL Tech fell the most in Nifty IT
Nifty PSU Bank, Financials and Nifty Bank snaps 2-week losing streak
Nifty Realty gain for the 3rd consecutive week
Nifty IT los for the 2nd consecutive week.
Rupee Closes Weaker Against US Dollar
Rupee closed 12 paise weaker at 88.27 against US dollar
It settled at 88.15 on Thursday
Source: Bloomberg
India Unveils Mega 15-Year Defence Plan To Upgrade Nuclear, AI, Space Capabilities
India unveiled a major 15-year, multi-billion-dollar plan to transform the armed forces. The roadmap, a copy of which is with NDTV, includes nuclear-powered warships, next-generation battle tanks, hypersonic missiles, stealth bomber drones, AI-powered weapons, and space-based warfare tech.
Stock Market LIVE: Reliance Infra To Transfer Stake In Dassault Reliance To Ddassault
Reliance Infrastructure will transfer stake in Dassault Reliance to Dassault for nearly Rs 176 crore on Nov 1.
FirstCry Share Price Surges Over 14% In Trade: What's Behind The Uptick?
Shares of FirstCry parent company Brainbees Solutions are buzzing in trade today, rising as much as 14% on the back of GST relief on some of the main products it sells. Brainbees stock reached an intraday high of Rs 403 and is trading on high volumes on Friday's trade.
Stock Market LIVE: Alicon Castalloy Appoints Sumit Bhatnagar As CEO
Alicon Castalloy appointed Sumit Bhatnagar as chief executive officer, with effect from Sept 22. The company also appointed Ashish Srivastava as chief human resource officer.
Stock Market LIVE: Ugro Capital Raises Rs 200 Crore Via NCDs
Ugro Capital approved raising up to Rs 200 crore via non convertible debentures on private placement basis, the company said in the exchange filing.
'Nifty To Hit ‘Lifetime Highs' In Six Months': D-Street Experts Bet On THESE Sectors Post GST Overhaul
The latest goods and services tax (GST) reforms are expected to boost momentum in the automobile, metals and financial services sectors, driven by a renewed focus on stimulating consumption, according to market experts.
After the introduction of the reduced tax slabs of 5% and 18%, which are set to be implemented from Sept. 22, market veterans believe this will revive demand, especially in entry-level vehicles and consumer goods, while improved sentiment could lead to a turnaround in credit cycles.
Stock Market LIVE: Saregama India Incorporates Subsidiary
Saregama India incorporated wholly-owned arm Saregama Performing Arts and Music Festivals LLC, the company said in the exchange filing.
Stock market LIVE: Fortis Healthcare To Sublease Noida Hospital Land To Its Arm
Fortis Healthcare Ltd. subleased Noida Hospital land to arm IHL to execute a pact, the company said in the exchange filing.
GST Rate Cuts To Lower India's Retail Inflation By One Percentage Point: Economists
The GST rate rationalisation is expected to lower inflation in the economy and also provide a boost to disposable income and savings for the common man. Economists believe India's retail inflation is likely to edge lower by one percentage point as a result of the GST rate cuts.
GST Council this week approved the most comprehensive overhaul of India’s consumption tax system since its introduction in 2017. The landmark reform will impact everything from toothpaste and insurance premiums to tractors, cement, and shampoos once they come into effect later this month.
Stock Market Today: No Diwali Dhamaka For Delivery Partners?
Swiggy, Zomato's Rs 200 crore GST outgo likely to impact delivery workers' payouts
Food aggregators actively discussing options to offset tax hit by paying less to delivery workers
Some impact of GST hit also likely to be passed on to consumers
Zomato's network has over 3.5 lakh delivery partners, Swiggy has over 5.2 lakh delivery partners
Food delivery platforms not keen on hiking prices on consumer's end after recent round of platform fees hike
Zomato's network has over 3.5 lakh delivery partners, Swiggy has over 5.2 lakh delivery partners
Alert: GST Council's decision makes food delivery platforms liable for collecting & remitting 18% GST on delivery fees
Source: people in the know
Atul Auto Expects Strong Growth In ICE Three-Wheeler Driven By Exports, Rising Domestic Demand
Atul Auto Ltd. anticipates better growth in the coming months due to export demand, repeat orders and domestic market strength, particularly in the Internal Combustion Engine (ICE) three-wheeler business, according to the company’s President of Finance, Jitendra V Adhia.
Stock Market LIVE: Reliance Power Sees No Impact From Bank of Baroda's Action On RCom & Anil Ambani
Reliance Power Ltd. sees no impact from Bank of Baroda's action on RCom and Anil Ambani, the company said in the exchange filing.
Stock Market Today: M&M Share Price Hits Life High
Mahindra and Mahindra Ltd. share price rose 2.69% to a record high of Rs 3,575 apiece. The stock was trading 2.23% high at Rs 3,559 apiece as of 11:58 a.m.
Stock Market LIVE: GMDC Share Price Hits New High
Gujarat Mineral Development Corp share price jumped 12.50% in Friday's session and hit a record high of Rs 512.10 apiece. It was trading 11.36% higher at Rs 506 apiece as of 11:50 a.m.
Nifty 50|Sensex| Stock Market LIVE: One MobiKwik Systems Jumps over 10%
One MobiKwik Systems share price jumped 10.40% to Rs 308.75 apiece. It was trading 8.79% higher at Rs 304.24 apiece as of 11:35 a.m. compared to 0.16% decline in the NSE Nifty 50 index.
Nifty 50| Sensex| Stock Market LIVE: PNC Infra Emerges As Lowest Bidder For Order Worth Rs 496 Crore
PNC Infratech Ltd. emerged as the lowest bidder for construction order worth Rs 496 crore from Bihar State Road Development Corp.
Stock Market Today: Varun Beverages Share Price Edges Lower After THIS Business Update
The share price of Varun Beverages fell over 1% during trade so far after the company incorporated a joint venture company. The joint venture is called White Peak Refrigeration.
"We would like to confirm that our Company has today incorporated a joint venture company in India., that is White Peak Refrigeration Private Limited, inter-alia to carry on the business of manufacturing of visi-coolers and other refrigeration equipment," said an exchange filing on Thursday.
Nifty 50|Sensex| Stock Market LIVE: Nifty IT Pares Loss As
The NSE Nifty IT pared some losses tracking recovery in Wipro India Ltd. The index was trading 1.19% down at 34,707.05 as of 10:54 a.m.
Stock Market LIVE: Varun Beverages Share Price Edges Lower After THIS Business Update
The share price of Varun Beverages fell over 1% during trade so far after the company incorporated a joint venture company. The joint venture is called White Peak Refrigeration.
"We would like to confirm that our Company has today incorporated a joint venture company in India., that is White Peak Refrigeration Private Limited, inter-alia to carry on the business of manufacturing of visi-coolers and other refrigeration equipment," said an exchange filing on Thursday.
Stock Market LIVE: TCS To Build AI-Enabled Integrated Financial Management System
Tata Consultancy Services Ltd. is to build next generation artificial intelligence- enabled integrated financial management system for Odisha government, the company said in the exchange filing.
Rupee Hits Fresh Low Against US Dollar
Rupee fell 21 paise to new low of 88.36 against US dollar
It settled at 88.15 on Thursday
Source: Bloomberg
Stock Market Today: Nifty IT Slumps; Mphasis & Persistent Systems Top Losers
The NSE Nifty IT index slumped in Friday's session as the Infosys Ltd., Tata Consultancy Services Ltd., and Persistent Systems Ltd. dragged.
Block Deals: Varun Beverages' 17.30 Lakh Shares Changed Hands
Varun Beverages Ltd.'s 17.30 lakh shares changed hands in three block deals at the price of Rs 482–484 apiece on National Stock Exchange.
Stock Market Today: Glenmark Pharma Starts Trial For Lung Cancer Drug
Glenmark Pharmaceuticals Ltd. initiated multi-country Phase 3 clinical trial for lunch cancer drug, Envafolimab, the company said in the exchange filing.
Stock Market LIVE: Eternal Share Price Touches New High
Eternal Ltd. share price rose 1.98% to a record high of Rs 331.85 apiece. It was trading 1.79% higher at Rs 332 apiece as of 10:02 a.m.
Nifty 50|Sensex| Stock Market Open Today: Moschip Technologies Hits Fresh High
Moschip Technologies Ltd. share price rallied for six session to Friday and recorded gains over 34%. The stock has been rising on government's push for semiconductor manufacturing and GST reforms.
Sectoral Performance At Market Open: Nifty Auto Outperforms
On National Stock Exchange, 14 sectoral indices open higher with the NSE Nifty Auto outperforming.
Nifty Contributors: Reliance Industries, Mahindra & Mahindra Support Gains
Reliance Industries Ltd., Mahindra & Mahindra Ltd., HDFC Bank Ltd., Bharti Airtel Ltd., and Infosys Ltd. supported gains in the NSE Nifty 50 index.
ITC Ltd., ICICI Bank Ltd., Nestle India Ltd., Apollo Hospitals Enterprise Ltd., and Titan Co. Ltd. limited gains in the NSE Nifty 50 index.
Nifty 50| Sensex| Stock Market Open Today: Nifty, Sensex Extend Rally
The NSE Nifty 50 and BSE Sensex rallied as GST rate cuts continued to fuel bullish sentiment. Reliance Industries Ltd., HDFC Bank Ltd., and Bharti Airtel Ltd. shares were top contributors.
The indices were trading 0.36% and 0.37% higher, respectively as of 9:20 a.m.
Stock Market LIVE: Max Financial Expects Less Than 1% Impact On Its Life Insurance Arm
Max Financial Services expected an impact on embedded value of arm Axis Max Life Insurance to be less than 1%, the company said in the exchange filing.
Stock Market LIVE: Power Grid Emerges As Successful Bidder In Uttar Pradesh
Power Grid Corp emerged as a successful bidder for transmission system project in Uttar Pradesh. The company will establish new pooling sub-station and extension works in Uttar Pradesh, the company said in the exchange filing.
Sensex|Nifty 50| Stock Market LIVE: Nifty, Sensex Rise At Pre-Open
At pre-open, the NSE Nifty 50 was 0.32% higher at 24,818.85, and the BSE Sensex was 0.38% higher at 81,022.24.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.48%
Source: Cogencis
Rupee Opens Stronger Against US Dollar
Rupee opened 7 paise stronger at 88.11 against US dollar
It settled at 88.18 on Thursday
Source: Bloomberg
Nifty 50|Sensex| Stock Market LIVE: Adani Power Splits Stock Into Five
Adani Power Ltd. shareholders approved splitting its each stock into five, the company said in the exchange filing.
Stock Market LIVE: Motilal OSwal On Swiggy & Zomato
Upgrades Swiggy to BUY with a TP of INR560, implying 32% upside
Retain BUY rating on Eternal with a TP of INR420, implying 29% upside
Focus on cost containment and driving profitability
Raise in platform charges and sentiment uplift post GST rationalisation, we expect these names to outperform
Raise our FD growth estimates for both Zomato and Swiggy to 21-23% for FY26-FY27
Dreamfolks Shares In Focus After Travel Food Services Terminates Key Contract
DreamFolks Services Ltd. is set to face further pressure as Travel Food Services Ltd. announced the termination of its extended airport lounge access services agreement with the company.
The termination follows unsuccessful attempts to renegotiate commercial terms and take effect on Sept. 15, 2025, Travel Food Services confirmed in an exchange filing on Thursday, after market hours.
Trump Hints At 200-300% Tariff On Semiconductor Imports: 'Substantial Chips Coming Shortly'
United States President Donald Trump said he would be imposing tariffs on semiconductor imports “very shortly” but spare goods from companies like Apple Inc. that have pledged to boost their US investments.
“Tim Cook would be in pretty good shape,” Trump said on Thursday of the Apple chief executive officer when it comes to the exposure his company might face from import levies, noting its recent investment commitments.
LIVE: GIFT Nifty Hints At Positive Opening; NHPC, Trent, Varun Beverages In Focus
The GIFT Nifty was trading 0.04% or 11 points lower at 24,878 as of 6:33 a.m. This implied that the NSE Nifty 50 may open higher but is likely to erase gains.
Hindustan Unilever Ltd., NHPC Ltd., Bharat Forge Ltd., NTPC Ltd., Sterlite Technologies Ltd., Travel Food Services Ltd., and Varun Beverages Ltd. shares are in focus.
The benchmark equity indices ended in the green on Thursday on positive sentiment with expectations the latest GST reforms would drive consumption growth.
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