F&O: Nifty September Future Rises
The Nifty September future rose 0.5% to 24,9835 with a premium of 171 points.
The Nifty Sept 30 Expiry: Most Call Open Interests are at 25,000 strike price. The most Put OIs are at 24,700.
Stock Market LIVE: BEL Shares Gain After Rs 30,000-Crore Missile Deal; Motilal Oswal Sees 24% Upside
Shares of Bharat Electronics Ltd. rose during early trade on Monday after media reports said the Indian Army issued a tender worth Rs 30,000 crore to buy missile defence systems.
The army will acquire five to six regiments of 'Anant Shastra' surface-to-air missiles to strengthen air defence along India's long borders with Pakistan and China, news agency ANI reported.
Volume Buzzers: ITC, Eternal, Tata Steel Most Active In Nifty 50
Eternal Ltd.'s total traded volume on NSE is 7.87 tiomes 30-day average volume as of 10:39 a.m.
ITC Ltd.'s total traded volume on NSE is 7.77 times 30-day average volume.
Tata Steel Ltd.'s total traded volume on NSE is 6.43 times 30-day average volume.
Stock Market LIVE| Stock Market Today: Wockhardt Rebounds From Friday's Slump; Stock Surges 9%
Shares of Wockhardt Ltd. has surged in trade on Monday, registering gains of more than 9% following positive cues on the tariff front. The shares reached an intraday high of Rs 1,458. The stock had declined 10.2% on Friday.
The stock was currently trading at Rs 1,456 compared to Friday's closing price of Rs 1,336 as of 10:22 p.m. and over a 12-month period, Wockhardt Pharma shares have risen almost 50%.
Nifty,Sensex| Sectoral Performane: Nifty Oil & Gas Leads Gains
On National Stock Exchange, 14 sectoral indices advanced and one remained flat out of 15. The NSE Nifty Oil & Gas emerged as the top gaier while the NSE Nifty FMCG emerged as the worst performing sector.
Stock Market LIVE: Nifty Top Gainers & Losers As Of 10:18 AM
Stock Market Today| Stock Market LIVE: Servotech Renewable Power System
Servotech Renewable Power System received order worth Rs 13 crore for 3 MWp solar rooftop project from Northern Central Railway – Agra Division.
Stock Market LIVE: Swan Defence Extends Rally, Locks In Upper Circuit on Royal IHC Deal
The shares of Swan Defence and Heavy Industries Ltd., was up 5% and locked in the upper circut as the scrip extended its rally last week. The counter saw an uptick in buying after the company signed an exclusive Memorandum of Understanding with European offshore oil and gas vessel leader Royal IHC.
Stock Market Today: PC Jeweller Share Price Rises
PC Jewellers share price rose 1.89% to Rs 12.38 apiece. The stock price was trading 1.23% higher at Rs 12.28 apiece as of 9:59 a.m.
Nifty Sensex Today| Stock Market LIVE: Dollar Industries Shares Jump On Merger Plan To Consolidate Promoter Group Entities
Dollar Industries Ltd's share price rose 8% on Monday after the company announced a proposed merger of nine promoter group companies into the listed entity.
Post-merger approval, the promoter and promoter group shareholding is expected to increase from 72.21% to 73.60%.
Expert's View: Nifty Has Formed Bull Trap
"For traders, 24,800/81200 would act as a key level to watch. Below this, the correction wave is likely to continue. On the downside, the market could retest the levels of 24,500/80,300. Further declines may also occur, potentially dragging the index down to 24,350/79800, 24,300/79,600. Conversely, above 24,800/81,200, a pullback formation could continue up to 25,000-25,100/81,800-82,200."Shrikant Chouhan, Head, Equity Research, Kotak Securities
"The Nifty has formed a bull trap. The index is moving toward the lower band of the range, ie 24,550-24,350. The mid-term range for the market is 25,200-24350 on the higher side, and 24,550-24,350 on the lower side."Emkay Global Research
Stock Market LIVE: Reliance Power Sells Indonesian Unit For $12 Million
Reliance Power Ltd. sold Indoensian step-down subsidiaries for $12 million, the company said in the exchange filing.
Stock Market Today|Stock Market LIVE: BEL Share Price Rises
Bharat Electronics Ltd. share price rose 2.49% to Rs 405.75 apiece. The company received additional orders worth Rs 712 crore since last disclosure on Sept. 1.
Stock Market LIVE: Wheels India In Pact With Hydraulics Cylinder
Wheels India is in technical pact with South Korean firm Hydraulics Cylinder Business, the company said in the exchange filing.
Stock Market LIVE: BofA Downgrades L&T
Downgrade to Underperform from Buy with a target price at Rs 3,700
Outperformance leaves little upside potential
RoE expansion efforts conclude
Domestic capex losing steam
Lower crude prices a risk for Middle-East business
Sectoral Performance At Open: Nifty Defence Outperforms
On National Stock Exchange, 12 sectoral indices advanced, two remained flat, and one declined out of 15.
Nifty Contributors: Eternal, RIL, M&M Support Gains In Nifty 50
Eternal Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Bharat Electronics Ltd., and Infosys Ltd. added to the NSE Nifty 50 index.
HDFC Bank Ltd., Hindustan Unilever Ltd., Larsen & Toubro Ltd., Axis Bank Ltd., and Maruti Suzuki India Ltd. weighed on the Nifty 50 index.
Stock Market Open LIVE: Nifty, Sensex Rebound From Six-Day Slump
The NSE Nifty 50 and BSE Sensex opened higher on Monday tracking a rise in Reliance Industries Ltd., ICICI Bank Ltd., and Infosys Ltd. share prices. The indices were trading 0.07% and 0.16% higher, respectively as of 9:19 a.m.
LIVE: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.53%
Source: Bloomberg
LIVE: Rupee Opens Stronger Against US Dollar
Rupee opened 5 paise stronger at 88.67 against the greenback
It closed at 88.72 a dollar on Friday
Source: Bloomberg
Stock Market LIVE: MOFSL On BEL Order
The brokerage maintained a Buy with target price Rs 490, which implied a 24% upside
RFP issued for much-awaited QRSAM project
Order enhances co order book to more than Rs 1 lk cr
Expect execution to commence primarily from FY27 onward
Expect the award of missiles for QRSAM to flow through to Bharat Dynamics
Other order wins to be in focus:
Next-generation corvettes, electronics warfare
Follow-on orders for electronics for 97 Tejas Mk1A
Shares Of Atlanta Electricals To Debut Today; Check Latest GMP Ahead Of Listing
Shares of Atlanta Electricals will be listed on the BSE and NSE on September 29. The allotment of shares was made on September 25, while the subscription window was open from September 22 to September 24.
The issue was oversubscribed 70.63 times. It received bids for 46,17,87,742 shares against 65,38,439 offered.
Shares Of Ganesh Consumer Products To List At A Discounted Price? Check Latest GMP Ahead Of Market Debut
Ganesh Consumer Products Ltd.'s initial public offering (IPO) was subscribed 2.67 times on Wednesday. The allotment for the mainboard issue was finalised on Thursday.
Ahead of its listing on Monday, the unlisted shares of the company are in the news today after the latest grey market premium suggested a discounted listing for the Kolkata-based FMCG company.
Asia Market LIVE: Japan's Nikkei 225 Fall While South Korea's KOSPI Rise
Markets in Japan declined while South Korea's KOSPI advanced on Monday. Most markets in Asia-Pacific region were trading on a mixed note.
The Nikkei 225 was trading 0.87% down, while the KOSPI was 0.66% higher as of 7:59 a.m.
IPO News: Ardee Industries Filed DRHP
Ardee Industries filed draft red herring prospectus for initial public offer. The IPO includes fresh issue of shares worth Rs 320 crore and offer for sales of upto 3.77 crore shares.
Stock Market News: Baazar Style Opens Store At Phaphamau, UP
Baazar Style opened store at Phapamau, Uttar Pradesh. The store count is at 250 as on date, the company said in the exchange filing.
GIFT Nifty LIVE: Trades Higher
The GIFT Nifty was trading 0.17% or 43 points higher at 24,814.50 as of 7:38 a.m.
Oil Prices Fall As Speculation For Another Output Hike From OPEC+ Increases
Oil prices fell over 1% in early trade on Monday as trader speculated that the Organization of Petroleum Exporting Countries and allies may go for another output hike in November. Oil supply from Iraq' Kurdistan region resume over the weekend, which further weighed on over supply concern.
The Brent crude was trading 0.88% down at $68.61 a barrel as of 7:35 a.m.
Asia Markets LIVE: Australia's S&P ASX 200 Rises As RBA Begins Policy Meet
Australia's S&P ASX 200 rose in early trade on Monday as the Reserve Bank of Australia began its two-day policy meeting. The central bank is expected to keep the cash rate unchanged.
The S&P ASX 200 was trading 0.64% higher at 8,843.70 as of 7:30 a.m.
LIVE: GIFT Nifty Hints At Positive Open; BEML, Sula Vineyards, HUL, Dixon Tech Shares In Focus
The GIFT Nifty was trading 0.52% or 129.50 points higher at 24,834.50 as of 6:31 a.m. This hinted that the NSE Nifty 50 may open higher on Monday.
Traders will likely keep an eye on BEML Ltd., G R Infraprojects Ltd., Sula Vineyards Ltd., Shriram Finance Ltd. share prices for Monday's session.
The NSE Nifty 50 and BSE Sensex ended sharply lower and posted decline for sixth straight day. The indices ended 0.95% and 0.90% lower, respectively, on Friday.
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