Stock Market News LIVE: Nifty 50 Near 24,800, Sensex Trades Flat; Tata Motors, IRFC, Tata Investment In Focus

The GIFT Nifty was trading near 24,945.50 early Friday. The futures contract based on the benchmark Nifty 50 was trading little changed as of 6:19 a.m.

The GIFT Nifty was trading near 24,900 early Friday. The futures contract based on the benchmark Nifty 50 was up 1.38% at 24,950 as of 6:19 a.m (Image Source: Unsplash)

The GIFT Nifty was trading near 24,900 early Friday. The futures contract based on the benchmark Nifty 50 was up 1.38% at 24,950 as of 6:19 a.m., indicating a positive start for the Indian markets. The benchmark indices on Wednesday snapped their eight-day losing streak and ended in the green.

Stock Market News Live: India's Growth Pivot

Morgan Stanley believes investors are overlooking a major shift in India’s growth cycle, arguing that both earnings and market peaks lie ahead.

Reflecting this view, the brokerage has reoriented its portfolio strategy, tilting toward domestic cyclicals over defensives and export-driven sectors, and moving to an overweight position on financials, consumer discretionary, and industrials.

Also Read: Morgan Stanley Bets on India's Growth Pivot, Overweight On Domestic Cyclicals — Check Sectoral Picks

Stock Market News Live: Tata Investment Share Price

The shares of Tata Investment Corp., surged over 9% in trade to Rs 11,606. The scrip had risen as much as 11.9% to Rs 11,847 apiece during trade so far. These gains compare to a 0.15% decline in the Nifty 50 as of 10:53 a.m.

Primary Market Action: WeWork India IPO Day One

WeWork India Management Ltd.'s initial public offering opened for investors to bid on Friday and was 0.01 times as of 10:31 a.m.

The company aims to raise Rs 3,000 crore through the sale of equity. The IPO opens on Oct. 3 and closes on Oct. 7. The price band for the IPO is set between Rs 615 and Rs 648 per share. 

Also Read: WeWork India IPO Day One — Check GMP, Subscription And Other Details

Stock Market News Live: Shriram Finance Share Price

Shares of Shriram finance fell over 1% in trade so far to Rs 638.9 apiece on the NSE. The decline compares to the 0.16% decline in the benchmark index as of 10:23 a.m.

Stock Market News Live: BEL Share Price

Share price of Bharat Electronics Ltd., rose as much as 1.80% in trade so far to Rs 413.8. The gains compared to a 0.16% decline in the benchmark index Nifty 50.

Stock Market News Live: Jinkushal Industries Listing

Jinkushal Industries Ltd. made an underwhelming debut on the stock market on Friday, listing flat over its IPO price.

The share price opened at Rs 125 on the NSE and BSE, compared to the issue price of Rs 121.

Also Read: Jinkushal Industries Share Price Flat After Listing

Stock Market News Live: TruAlt Bioenergy Listing

TruAlt Bioenergy Ltd. made its debut on the stock market at a premium of nearly 11% over its IPO offer on Friday.

The share price opened at Rs 545 on the NSE and Rs 550 on the BSE, compared to the issue price of Rs 496.

Also Read: TruAlt Bioenergy Share Price: Stock Trades At Premium Over IPO Price

Stock Market News Live: V-Mart Shares Up Nearly 5%

The shares of V-Mart rose nearly 5% in trade to Rs 761 after the company's second quarter revenue rose 22% year-on-year to Rs 807 crore. This was supported by 11% same-store sales growth and 25 new stores.

The 4.84% gains compare to a 0.09% decline in the benchmark index Nifty 50 as of 9:53 a.m.

Stock Market News Live: Sammaan Capital Shares

Sammaan Capital Ltd. share price fell nearly 5% during early trade on Friday amid high trading volume after key corporate updates.

Avenir Investment RSC, an affiliate of Abu Dhabi-based International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for nearly $1 billion (Rs 8,850 crore), the non-banking financial company said in a regulatory filing to the stock exchanges on Thursday.

Also Read: IHC's Avenir Investment To Acquire 43% Stake In Sammaan Capital For Rs 8,850 Crore

Stock Market News Live: Tata Motors Share Price

Tata Motors shares have risen over 1% in trade so far to Rs 735.4 apiece on the NSE. The gain compares to 0.24% decline in the Nifty 50.

This comes after the company reported its highest-ever monthly passenger vehicle sales at 60,907 units in September, marking a 47% year-on-year surge. The growth was driven by the rollout of GST 2.0 and festive demand during Navratri.

In September 2024, the automaker had clocked wholesales of 41,313 units. In the domestic market, dispatches to dealers jumped 45% to 59,667 units from 41,063 units in the year-ago period, the company said in a statement.

Also Read: Tata Motors Shares Rise After Passenger Vehicle Sales Surge 47% To All-Time High

Stock Market News Live: Defence Stocks In Focus 

India Defence stocks trade in the green after Multinational investment firm, Goldman Sachs initiates coverage on eight players, placing bullish share price targets on all but one.

In the report, analysts Amit Dixit and Kumari Rishika, have said that their picks are beneficiaries of three key themes: increase in the estimated domestic defence market share potential by more than sixfold to Rs 10 lakh crore over the next 20 years.

The index was trading nearly a percent higher, outperforming the Nifty 50 which was down 0.20% as of 9:26 a.m.

Also Read: Mapping New Defence Stocks: GS Bullish On PTC Industries, Astra Microwave & More — Check Target Price

Stock Market News Live: Samman Capital Share Price

The shares of Samman Capital were trading lower at Rs 166 apiece on the NSE. The 1.74% decline compares to a 0.20% fall in the benchmark index Nifty 50 as of 9:22 a.m.

Stock Market News Live: Nifty, Sensex Open Lower

The bencmark indicies on Friday opened lower with Nifty holding the 24,800 mark and the Sensex shedding nearly 300 points at open.

Stock Market News Live: What F&O Cues Indicate 

  • Nifty October Futures up by 0.83% to 24,967 at a premium of 131 points.

  • Nifty October futures open interest up by 0.89%

  • Nifty Options 7 October Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24700

  • Securities in Ban Period: RBL Bank, Sammaan Capital.

Stock Market News Live: Nifty 50, Sensex At Pre-Open 

Nifty 50 near 24,700 at pre-open while the Sensex was down over 150 points as of 9:06 a.m.

Stock Market News Live: Yield On 10-Year Bond

The yield on the 10-year bond opened higher at 6.50%

Source: Bloomberg

Stock Market News Live: Rupee Vs Dollar Check

Rupee opened 2 paise stronger at 88.67 against the greenback, according to Bloomberg.

It closed at 88.69 a dollar on Wednesday.

Source: Bloomberg

Stock Market News Live: What Brokerages Say

The Nifty 50 index continues to consolidate within a newly defined range, with no change in outlook, according to the latest technical note by CLSA’s Laurence Balanco. The index is currently trading between 24,337–24,432 on the lower end and 25,448–25,669 on the upper end, reflecting a pause in momentum following the breakout from the February–April double-bottom pattern.

Also Read: Nifty Holds Crucial Support: Can Bulls Defend It Again? Check Key Levels, Stock Of The Day

Stock Market News Live: Commodity Check

Oil was on track for the biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply. Brent traded near $64 a barrel, down around 8% for the week, while West Texas Intermediate was below $61.

Gold prices headed for a seventh weekly advance, as the US government shutdown added another layer of uncertainty for investors seeking signals on the Federal Reserve’s monetary-easing path. Bullion held near $3,860 an ounce.

Also Read: Gold Price Holds Steady Above Rs 1,17,000 — Check Rates In Delhi, Mumbai, Other Cities

Stock Market News Live: Asia Markets

Asian stock markets rose at the open on Friday, poised for their fourth gain in five weeks, as optimism around artificial intelligence propelled global equities to fresh records, Bloomberg reported.

  • Nikkei up 1.6%

  • Kospi up 2.7%

  • S&P/ASX 200 up 0.3%

  • Hang Seng down 0.5%

Stock Market News Live: Wall Street Recap

US technology shares rallied, defying weakness in other parts of the stock market, after an OpenAI share sale valued the artificial intelligence company at $500 billion.

The Nasdaq 100 rose 0.4% in its fourth consecutive day of gains. The S&P 500 gained 0.1% while Dow Jones Industrial Average up 0.2%.

Stock Market News Live: Sammaan Capital In Focus

Avenir Investment RSC, an affiliate of Abu Dhabi-based International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for nearly $1 billion (Rs 8,850 crore), the non-banking financial company said in a regulatory filing to the stock exchanges on Thursday, Oct. 2.

The NBFC, formerly known as Indiabulls Housing Finance, will be raising the capital by issuing preferential shares to Avenir after getting requisite approval. The investment will see IHC emerge as the new promoter of Sammaan Capital. Jefferies was the sole advisor to Sammaan Capital.

Also Read: IHC's Avenir Investment To Acquire 43% Stake In Sammaan Capital For Rs 8,850 Crore

Stock Market News Live: GIFT Nifty Indicates Gap Up Start

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The GIFT Nifty was trading little changed at 24,945.50 early Friday as of 6:50 a.m., indicating a positive start for the Indian markets.

The benchmark indices on Wednesday snapped their eight-day losing streak and ended in green.

At close, Sensex rose 715.69 points, or 0.89%, to 80,983.31, while Nifty was up 225.20 points, or 0.92%, to 24,836.30. Nifty rose as much as 1.04% during the day to 24,867.95, while Sensex was also up 1% at 81,068.43.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Oct. 3

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WRITTEN BY
Ann Jacob
Ann Jacob tracks markets with a special focus on personal finance. She clos... more
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