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Stock Market Close: Nifty, Sensex Settle Off Lows
Nifty PSU Bank snaps 3-day losing streak, ends as the top gaining sector for the day
Top Nifty Losers Maruti Suzuki & Axis Bank
Smallcap 250 ends in red, Major Fall Led By Chemplast Sanmar & Firstsource Solutions
Nifty Midcap150 Ends In Green, Major Gain led by Mangalore Refinery & Gland Pharma
Sector Indices end on a mixed note
Nifty PSU Bank Is The Top Sectoral Gainer, Gains Led By Indian Bank & Bank Of Baroda
Nifty Media emerges as top sectorial loser, fall led by Nazara Tech & Dish TV
Nifty PSU Snaps Its 3 Day losing streak
Nifty Oil & Gas Snaps 5-day losing streak, gains led by HPCL, Petronet & BPCL
Nifty Realty Snaps Snaps 5-day losing streak, gains led by Godrej Properties & Macrotech Developers
Nifty Auto Falls 4th Day In A Row
Nifty Pharma Falls For 6th Day In A Row
Nifty Financials Service & Nifty Bank Snaps 3 Day Losing Streak
Nifty IT falls for 7th Day In A Row
Rupee Closes Weaker Against US Dollar
Rupee closed 4 paise weaker at 88.76 against the greenback
It closed at 88.72 a dollar on Friday
Source: Bloomberg
Indian Stock Valuations Now Normal But Not Yet Cheap, Says Pankaj Murarka
Valuations in India's stock market have normalised andare now in line with long-term averages but that does not mean they are cheap, according to Pankaj Murarka, chief investment officer at Renaissance Investment Managers.
"After a year of consolidation, valuations have normalised at 29 times one-year forward earnings. India is no longer as expensive as it was a year ago. Valuations are now in line with long-term averages," Murarka told NDTV Profit in a televised interview.
Stock Market LIVE: JK Paper Operations Of BCTMP Plant Expected To Be Commissioned By Q4
JK Paper's operations of BCTMP plant expected to be commissioned by fourth quarter in financial year 2026. The operation of BCTMP plant was earlier expected to be commence by second quarter.
A delay in project commencement caused by global logistics disruptions and excessive rainfall in Gujarat, the company said in the exchange filing.
Stock Market LIVE: Sunteck Realty Has No New Negotiation
Sunteck Realty clarified nothing new under negotiation. The company has disclosed a total of GDV of all projects, the company clarified on news of launching new homes.
Europe Market Update: Euro Stoxx 50, UK's FTSE 100, Germany's DAX Rise
Markets across UK, Germany, and France advanced amid a caution over US Government shutdown.
UK's FTSE 100 and Germany's DAX were trading 0.43% and 0.18% higher, respectively as of 1:55 p.m. The pan-European stock gauge Euro Stoxx 50 was trading 0.11% higher.
F&O: Nifty September Futures Trade Higher
The NSE Nifty September futures rose 0.11% to 24,840, with premium of 134 as of 1:47 p.m.
The Nifty Sept 30 Expiry: Most Call Interests are concentrated at 24,800 strike, while most Put OIs are at 24,600.
Asia Markets LIVE: Sony Financial Group Surges On Debut On Tokyo
Sony Financial Group Inc. surged upon its debut on Tokyo following a spin off listing from Sony Group Corp. The refence price for Yen 150 last week, which translates into market capitalisation of Yen 1 trillion, Bloomberg reported.
The share price opened at Yen 205 on the first day of trading, and rose to Yen 210 in the session.
Volume Buzzers: IDFC First Bank, Federal Bank, Bank of Baroda Most Active In Nifty Bank
IDFC First Bank's total traded volume was at 2.85 times 30-day average volume as of 1:31 p.m.
Federal Bank's total traded volume was at 2.31 times 30-day average volume
Bank of Baroda's total traded volume was at 1.68 times 30-day average volume.
Stock Market Today|Stock Market LIVE: Nifty PSU Bank Outperforms
On National Stock Exchange, 12 sectoral indices advance, one remained flat and two declined out of 15.
Stock Market LIVE: Nifty Top Gainers & Losers
Stock Market LIVE: Hotel Polo Towers Files DRHP For IPO
Hotel Polo Towers filed draft red herring prospectus for initial public offer. The IPO will include fresh issue of shares worth up to Rs 300 crore. It also includes ofer for sales of upto 71.2 lakh shares.
Stock Market News: Premier Energies Gets Contracts Worth $19.95 Million For Solar Power Systems
Premier Energies received contract worth $19.95 million for Solar Power Systems in Benin West Africa, the company said in the exchange filing.
Stock Market News: Goa Carbon's Paradeep Unit At Odisha Resumes Operations
Goa Carbon's Paradeep Unit at Odisha resumed operations. The normal production at Odisha unit to resume shortly, the company said in the exchange filing.
FX Update: Rupee Weakens Against US Dollar
The rupee weakened 5 paise to 88.77 against the US dollar. The Indian currency erased all morning against the greenback.
The rupee settled at 88.72 on Friday.
The dollar index declined 0.25% to 97.90 as of 12:53 p.m.
Stock Market Today|Stock Market LIVE: Axis Bank, Maruti Suzuki Share Prices Top Loser In Nifty 50
Stock Market LIVE: L&T Share Price Falls After BofA Downgrades To Underperform
Larsen & Toubro Ltd. share price fell after BofA downgraded the stock to Underperform citing concerns over limited upside potential. The brokerage maintained the target price of Rs 3,700 apiece, which implied a 0.8% downside from Friday's close price.
Larsen & Toubro Ltd. share price declined 1.29% to Rs 3,681.30 apiece. It was the third top detractor in the NSE Nifty 50 index.
Sterlite Copper Fulfils Anil Agarwal's Plea To Help Out Chennai's 80-Year-Old Sweet Seller; 'This Diwali...'
After a call for assistance from Vedanta Group Chairman Anil Agarwal, a representative from Sterlite Copper successfully reached out to 80-year-old man, identified as Ramesh, selling sweets and polis on the busy trains of Chennai.
A. Sumathi, a representative of Sterlite Copper (a Vedanta Group company), confirmed the meeting. In response to Agarwal's call for help, she wrote, "Our endeavour to reach out to Mr. Ramesh was fulfilled, and it is heartening to see him as a self-respecting individual who values financial independence." [sic]
Stock Market LIVE: Nifty, Sensex Trade Off Highs
The NSE Nifty 50 and BSE Sensex erased gains from day's high as Axis Bank Ltd. and Larsen & Toubro Ltd. shares weighed. The Nifty 50 was 0.02% down, while the Sensex was 0.01% high as of 12:09 p.m.
Stock Market Today: PTC Industries Expects Rs 30-40 Crore Million In Topline From Titanium Stream, Says Sachin Agarwal
PTC Industries Ltd. expects Rs 30-40 crore in topline from the titanium stream.
In titanium stream, there's huge barriers of entry in terms of technology and investment
Titanium has huge applications in civil, aviation and key defence sectors.
Ongoing capex of Rs 1,000 crore in place for Lucknow.
The company is looking at 6,000-6,2000 TPA in the first phase.
Source: Sachin Agarwal, Chairman & Managing Director, PTC Industries
Stock Market LIVE: Ramkrishna Forgings, Praj Industries Trading At 52-Week Low
F&O: Nifty Bank September Future Rise
The Nifty Bank September future rose 0.06% to 54,507, with a premium of 116 points.
The Nifty Bank Sept 30 Expiry: Most Call Open Interests were at 55,000 strike, while most Put OIs were at 54,000.
IPO News: Jinkushal IPO Subscribed 14.07 Times So Far On Final Day
Jinkushal IPO was subscribed 14.07 times as of 11:30 a.m. on Monday.
Qualified Institutional Buyers: 0.08 times.
Non-institutional investors: 27.10 times
Retail investors: 16.48 times
Sectoral Performance As Of 11:30 AM
On NSE, 13 sectoral indices advanced, two declined out of 15. The NSE Nifty Oil and Gas advanced the most, while the NSE Nifty Media declined the most.
Government Appoints Shirish Chandra Murmu As RBI Deputy Governor
The government has appointed Shirish Chandra Murmu as the deputy governor of the Reserve Bank of India, according to people familiar with the matter.
Murmu's appointment will take effect from Oct. 9 for a period of three years, the people told NDTV Profit. He is currently serving as executive director of the country's central bank.
Nifty Sensex Today|Stock Market LIVE: Nifty 50 Top Gainers As 10:20 AM
Stock Market LIVE: E2E Networks To Raise Upto Rs 1,000 Crore
E2E Networks will raise upto Rs 1,000 crore via QIP. The company will re-appoint Tarun Dua as managing director for five years, the company said in the exchange filing.
Stock Market LIVE: Zomato Launches 'Healthy Mode'; Deepinder Goyal Shares Details
Zomato on Monday said that it has rolled out a new feature that rates meals for their nutritional value, aiming to help users pick healthier options while ordering food. Called Healthy Mode, the tool has gone live in Gurgaon and is set to reach other cities in the coming weeks.
Stock Market News: Tata Power's Arm Tata Power EV Charging Solutions In Pact With VE Commercial Vehicles
Tata Power Ltd.'s arm Tata Power EV Charging Solutions in pact with VE Commercial Vehicles for electric mobility.
The arm and VE Commercial Vehicles to support bus and truck operators looking to integrate EVs in operations, the company said in the exchange filing.
Bond Market Update: 10-Year Bond Yield Hold Steady
The yield on India's benchmark 10-year paper was steady at 6.52%. Market participants await the outcome of the Reserve Bank of India's policy meeting later this week.
India's 30-year government bond was trading 3 basis points lower at 7.17% compared to Friday's close of 7.20%. Informist reported that demand for these bonds rose as the government reduced the supply of the longer-dated papers in the borrowing plan for second half.
The five-year liquid OIS rate was at 5.74%
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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