Sitting Tight And Doing Nothing Is The Best Way To Accumulate Wealth, Ridham Desai Says
The most important thing is to sit with the framework laid to deal with uncertainty. Sitting and doing nothing is the best way to accumulate wealth, Morgan Stanley Managing Director Ridham Desai said.
He noted that uncertainty is underestimated when it's part and parcel of life.
Catch his view on the current situation of markets at NDTV Profit.
Stock Market News: Adani Enterprises In Pact With Google To Build Data Centre
Adani Enterprises is in pact with Google to build data centre campus in Vizag.
Stock Market News: KEC International Gets Order For Supply & Installation Of 380 KV Transmission Line
KEC International Ltd. received order for supply and installation of 380 KV transmission line in Saudi Arabia. The company's year-to-date order intake crosses Rs 15,000 crore post the order win.
Stock Market LIVE: Tata Motors, Vedanta Fashion And Crompton Greaves At 52-Week Low
Bond Market Update LIVE: Government Bonds In Narrow Range
The yield on the benchmark 10-year government bond was moving in a narrow range as market participants focuses on state bond auction.
The yield was trading at 6.52% as of 12:04 p.m.
LIVE: Rupee Extends Losses Against US Dollar
The Indian currency declined 12 paise to intraday low of 88.80 against the US dollar.
It opened at 88.75 a dollar.
The currency closed at 88.68 a dollar on Monday.
Source: Bloomberg
Stock Market LIVE: Seamec Enters Bimco Charter Party With HAL
Seamec entered Bimco Charter Party with Hindustan Aeronautics Ltd. offshore for to hire HAL Vessel for Rs 6.3 crore for 45 days.
Volume Buzzers: BEL, Jio Financial, RIL Most Active In Nifty 50
Bharat Electronics Ltd.'s trading volume so far in the day stood at 3.62 times its 30-day average as of 11:37 a.m.
Jio Financial Services Ltd.'s trading volume so far in the day stood at 3.24 times its 30-day average.
RIL's trading volume so far in the day stood at 2.98 times its 30-day average as of 11:38 a.m.
F&O: Nifty 50 October Futures Trade Lower
The Nifty October Futures fell 0.4% to 25,208.9, at a premium of 72.95 points as of 11:28 a.m.
The Nifty Oct 14 Expiry: Call Open Interests are concentrated at 25,300 strike, while the most Put OIs are accumulation was seen at 25,100
Stock Market LIVE: LIC Launches New Products For Micro Insurance & Savings Plan
Life Insurance Co launched two new products for micro insurance and savings plans, which will be available from Oct 15.
Stock Market LIVE: Nifty PSU Bank Falls The Most
So far today, the NSE Nifty PSU Bank index declined 1.22% to 7,619.65. The index is the worst performing. Indian Overseas Bank, UCO Bank, and Bank of Maharashtra were top loser in the index.
Nifty 50|Sensex| Stock Market Today: Tata Motors, Dr. Reddy's Shares Fall The Most
Tata Motors Ltd., Dr. Reddy's Laboratories Ltd., Bajaj Finance Ltd., Axis Bank Ltd., and Cipla Ltd. are the top loser in the Nifty 50 index.
Wipro India Ltd., Oil and Natural Gas Corp, Tech Mahindra Ltd., HCLTech Ltd., and Max Healthcare Insitute Ltd. were top gainers in the Nifty 50 index.
Stock Market News: TCS In Pact With Google Cloud To Integrate Gemini Enterprise For Workforce
Tata Consultancy Services is in pact with Google Cloud to integrate Gemini Enterprise for workforce and customers, the company said in the exchange filing.
Stock Market News: Saif Partners India Sells Stake In Ixigo
Saif Partners India sold 3.3% stake in Le Travenues Technology Ltd. The current shareholding of Saif Partners India at 2.5% post transaction, the company said in the exchange filing.
Stock Market News: Zuari Maroc Phosphates Buys Stake In Mangalore Chemicals
Zuari Maroc Phosphates bought 24.5% stake in company Mangalore Chemicals. Zuari Maroc Phosphates became the promoter group post acquisition, the company said in the exchange filing.
Stock Market LIVE: Broking Firms And Market Structure Providers' Stocks Turn Volatile
Broking firms and market structure providers' stocks turned volatile.
Securities Exchange Board of India's latest view on weekly contracts indicates that these contracts are not serving the original purpose, said Nikhil Khandelwal, managing director, Systematix Shares. Any changes in weekly contract expiry will be carried out in a phased manner.
Q2 Earnings Update: IREDA Share Price Erases Loss After
Indian Renewable Energy Development Agency share price erased losses after it reported 40% on-year increase in its standalone net profit for second quarter.
Out of two analysts tracking the company, one maintains a 'buy' rating, and one recommends a 'hold', according to Bloomberg data.
Stock Market Today|Stock Market LIVE: AGI Infra Share Price Slumps Over 13%
AGI Infra Ltd. share price slumped 13.28% to Rs 237.60 apiece, the lowest level since Sept 24. The stock was down 12.63% at Rs 239.40 apiece as of 10:15 a.m.
Stock Market LIVE: LG Electronics Shares List at 50% Premium
LG Electronics Share Price Latest Updates: The shares of LG Electronics' IPO debuted at a 50% premium over the issue price at Rs 1,719 at the NSE. The shares have been listed on the BSE with a 50.44% premium at Rs 1,715.
Stock Market LIVE: Tata Motors's Ex-CV Entity's Early Price Indicating Premium
Early price discovery of Rs 400 on the NSE suggests Tata Motors' ex-CV entity might be garnering quite the premium, at least against what brokerages had suggested heading into the special pre-open trading session.
Track live update here.
Stock Market LIVE: Vikram Solar Share Price Rises
Vikram Solar share price rose 7.02% to Rs 345.30 apiece, the highest level since Sept 18.
Stock Market Today|Stock Market LIVE: LG Balakrishnan Bros Scales New High
LG Balakrishnan & Bros share price jumped 15.11% to a new high of Rs 1,600 apiece. The stock price was trading 2.05% higher at Rs 1,416.60 apiece as of 9:38 a.m.
Nifty, Sensex Today| Stock Market LIVE: Anand Rathi Wealth Hits Record High
Anand Rathi Wealth share price advanced 8.36% to a record high of Rs 3,180.20 apiece. The company reported a 30.9% quarter-on-quarter increase in its net profit in July–September.
Sectoral Performance At Open: Nifty Metal Outperforms
On National Stock Exchange, 12 sectoral indices opened higher, one opened flat, and two declined out of 15. The NSE Nifty Metal advanced the most, while the NSE Nifty Pharma declined the most.
Nifty Contributors: RIL, ICICI Bank, HCLTech Support Gains
Reliance Industries Ltd., ICICI Bank Ltd., HCLTech Ltd., Tata Steel Ltd., and Mahindra & Mahindra Ltd. supported gains in the NSE Nifty 50 index.
Maruti Suzuki India Ltd., Sun Pharmaceutical Industries Ltd., Axis Bank Ltd., Titan Co. Ltd., and State Bank of India limited losses in the Nifty 50 index.
Nifty, Sensex Today| Opening Bell: Nifty, Sensex Rise At Open
The NSE Nifty 50 and BSE Sensex opened slightly higher as Reliance Industries Ltd., ICICI Bank Ltd., and HCLTech Ltd. shares advanced. While US President Donald Trump's soft stance on China improved risk sentiment, weakness in Asian equities, and rise in safe-haven Gold prices weighed on the equities.
The Nifty 50 and Sensex were trading 0.26% and 0.22% higher, respectively as of 9:22 a.m.
Stock Market LIVE: Paras Defence In Pact With Israel-Based Cielo
Paras Defence and Space Technologies is in pact with Israel-based Cielo inertial for production of inertial sensors and solutions, the company said in the exchange filing.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.52%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 7 paise weaker at 88.75 against US dollar
It closed at 88.68 a dollar on Monday
Source: Bloomberg
Stock Market LIVE: GIFT Nifty Trades Flat
The GIFT Nifty was trading 0.01% or 3.50 points down at 25,301 as of 8:54 a.m. This indicated a muted open for the NSE Nifty 50 index.
MCX Raises Silver Contract Margin Amid Global Price Volatility
Multi Commodity Exchange of India Ltd. raised the margins on both gold and silver contracts by 1% and 1.5%, respectively, to manage risks. Global silver prices have been highly volatile recently, with shortages reported in physical markets. The problem has spilt over into domestic markets.
MCX provides trading in 30-kilogram and 5 kg silver futures and options contracts, as well as 1 kg silver futures contracts.
Market Experts' View: Nifty May Face Resistance At 25,450
"The intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for day traders. On the downside, 25,150/82,000 and 25,100/81,800 would act as key support zones, while 25,350-25,400/82,500-82,800 could serve as immediate resistance areas for the bulls. However, below 25,100/81,800, the market could retest the level of 25,000/81,500."Shrikant Chouhan, Head Equity Research, Kotak Securities
"While global headwinds and geopolitical uncertainties dominate headlines, investors remain confident in India’s structural stability, ample liquidity, and festive-season demand — factors that continue to cushion the market against external volatility and reinforce its long-term growth narrative."Ponmudi R, CEO of Enrich Money
Stock Market News: LG Electronics India Coverage Begins With Strong 'Buy' Calls Ahead Of Listing
Multiple brokerages including Nomura, Motilal Oswal and Ambit have initiated coverage on LG Electronics India Ltd. with a ‘Buy’ rating and a target price of Rs 1,800, implying a 58% upside from its IPO price of Rs 1,140 ahead of its listing on Oct.14. The brokerages sees LGI as a strong play on India’s mass premiumisation trend, export potential, and B2B expansion.
Stock Market LIVE: Nomura On Tata Motors
Retain Neutral with a target price of Rs 732
Estimate PV Business value at Rs. 365 per share, CV at Rs. 367
Premiumizaton trend is evident with surge in bookings in micro and compact SUVs
Mgmt maintains double digit margin target in medium term
JLR's guidance of 5-7% EBIT Margins might have downside risk
CV Business Guidance stands at 5.4%- 7.5% EBIT Margins between FY24-28
Silver, Gold Hit Fresh High Amid Trade Jitters
Gold and silver prices are trading at record highs amid caution over evolving trade relation between US and China. Although President Donald Trump said that there is unlikely any hostile step against China, market participants exercised caution.
The Bloomberg spot silver price rose 1.19% to $52.99 as of 8:11 a.m. The Bloomberg spot gold rose 0.96% to $4,149.82 an ounce.
Stock Market LIVE: LG Electronics Share Price In Focus Today; GMP Signals Bumper Listing
Shares of LG Electronics India Ltd. will be one of the top market topics in focus today as investors await the debut of one of the largest consumer electronics companies on the stock market. The IPO is scheduled to be listed on the BSE and NSE on Tuesday, October 14.
Track live updates here.
Nifty 50|Sensex| Stock Market LIVE: Tata Motors Share Price In Focus Due To Demerger
Tata Motors Ltd.'s shares are set to trade ex-commercial vehicle (CV) business from today and a special pre-open trading session has been scheduled between 9 a.m. to 10 a.m.
Track live update here.
Asia Markets LIVE: Nikkei 225 And TOPIX Fall Amid Political Crisis
Japan's benchmark indices, Nikkei 225 and TOPIX delcined along with the yen as the political crisis deepened. Market participants assessed the fall of rulling coalition in the country.
The Nikkei 225 and TOPIX were trading 0.68% and 0.62% down, respectively as of 7:22 a.m.
US Market Update: S&P 500 And Nasdaq 100 Futures Advance
US futures rose on Tuesday as trade tension between US and China eased slightly. New deals in information and technology also renewed optimism over technology.
OpenAI agreed to buy custom chips and networking equipment, Bloomberg reported.
The S&P 500 and Nasdaq 100 futures were trading 0.21% and 0.30% higher, respectively as of 7:16 a.m.
LIVE: GIFT Nifty Suggests Positive Open; HCLTech, Tech Mahindra, KFin Tech Shares In Focus
The GIFT Nifty was trading 0.09% or 23.50 points higher at 25,328.50 as of 6:44 a.m., which indicated a higher open for the NSE Nifty 50 index. Asian markets were trading on a mixed note with negative bias which may seep into Indian benchmark indices.
Traders will monitor HCLTech Ltd., Anand Rathi Wealth Ltd., Tech Mahindra Ltd., KFin Technologies Ltd., Oil India Ltd. because of the second-quarter results and overnight newsflow.
The NSE Nifty 50 and BSE Sensex snapped a two-day winning streak. The Nifty 50 ended 0.23% or 58 points lower at 25,227.35, and the Sensex settled 0.21% or 173.77 points lower at 82,327.05.
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