Stock Market News: Man Industries Management
Man Industries in an exclusive conversation with NDTV Profit said that the company will be pursuing legal challenges against the SEBI decision to bar it from exchanges.
The company asserted that the primary issues are minor compliance lapses related to the non-consolidation of its arm, Merino Shelters, from Fiscal Years 2015 to 2021.
The company stressed that these are historical legacy matters that do not reflect its current governance or operations, and no monetary loss was involved. Management confirmed Merino's financials are now consolidated and that they do not expect the SEBI action to impact day-to-day business.
Stock Market News: Man Industries Clarifies
"The primary issue involves the non-consolidation of its arm, Merino Shelters. The core problem is related to minor compliance lapses. These lapses occurred during the fiscal years 2015 to 2021," according to Man Industries.
"These issues are historical in nature. They do not involve any misrepresentation by the company. These matters also do not reflect the company’s current operations or governance standards," the company said in an exchange filing. It added that SEBI has finally disposed of these long-pending legacy matters.
Stock Market Live: Blue Dart Shares Surge
The shares of Blue Dart surged over 9% during early trade on Tuesday to Rs 5,987 after the company announced that it will increase the average shipment price in range of 9-12% from Jan. 1.
The scrip was trading with over 6.67% gains at Rs 5,950 and this compared to a 0.13% adavnce in the Nifty 50 as of 9:33 a.m.
Stock Market Live: Nifty 50 Check
In the Nifty 50 pack, the gains were led by Hero Moto gaining over 2% closely followed by Asian Paints, Power Grid and Hindalco. The shares of Titan was also trading in the green.
The names dragging the index were ITC, Zomato and RIL as of 9:25 a.m.
Stock Market Live: Man Industries Stock Plunges Over 15%
The shares of Man Industries plunged over 15% in trade so far to Rs 343.1 as of 9:20 a.m after the markets regulator SEBI on Monday barred the company and its three senior executives from accessing the securities markets for two years.
Additionally, SEBI has also imposed a fine of Rs 25 lakh on each of them for alleged financial misstatement.
Stock Market Live: Nifty, Sensex Open Higher
The NSE Nifty 50 and BSE Sensex opened higher on Tuesday. The Nifty 50 was trading 0.23% up at 24,691.95 and the Sensex was up 170 points at 80,541.
Stock Market Live Update: Nifty, Sensex Higher At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.23% higher at over the 24,600 mark. The BSE Sensex was 0.37% higher at over 80,660 levels.
Stock Market News Live: Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.55%
Source: Bloomberg
Rupee Vs Dollar: Rupee Opens Stronger
Rupee opened 6 paise stronger at 88.70 against the greenback
Source: Bloomberg
What Brokerages Say: ‘Unignorable Setup’ Says Morgan Stanley On Kotak Mahindra Bank
Kotak Mahindra Bank Ltd. is best set up to generate growth in an improving economy, Morgan Stanley said on Tuesday, noting that “The loan book is well diversified, with leverage to commercial banking, vehicle financing, and unsecured loans. Incremental spreads will improve and aid faster loan growth. We expect strong compounding and re-rating.”
Morgan Stanley believes that Kotak Bank has the best setup after two years of challenges. In two years, the bank navigated management transition, RBI embargo limiting unsecured loan growth, and asset quality issues in the MFI segment.
Read the full story below
Stock Market News Live: NSE's GIFT City International Bourse To Allow Daily Expiry For Nifty Options
NSE IFSC Ltd. will allow daily expiry of Nifty 50 index options contracts on the international exchange with effect from Oct. 13, 2025.
"The introduction of 0DTE (Daily Expiration) options contracts with weekly expiry having expiry day on all days of the week on the Nifty 50 Index and the same shall be available for trading at NSE IFSC Ltd with effect from October 13, 2025," a circular said on Monday.
Stock Market News Live: Commodity Check
Oil continued to push lower for a second session as the market weighed a looming glut and the possibility of an end to hostilities in Gaza.
West Texas Intermediate slipped toward $63 a barrel after tumbling 3.5% on Monday, the biggest drop since late June. Brent closed near $68. The OPEC+ alliance meets on Sunday and is likely to agree to raise output in November, though at a modest rate similar to that for October, Bloomberg reported.
Stock Market News Live: Brokerage Radar
Tata Motors Ltd., Lupin Ltd., Coforge Ltd., Pidilite Ltd., Vishal Mega Mart Ltd., Marico Ltd., and Unite Spirits Ltd., are among the companies garnering brokerage commentary today.
Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Read the full story below for key analyst calls to watch for today.
Stock Market News Live: Gold Hits All-Time High
Gold prices today were trading at a new high of levels above the Rs 1,16,000 mark, driven by festive demand and safe-haven demand. In India, the prices surged to Rs 116,410 per 10 gm, according to the India Bullion Co. The price surged by Rs 1,470 compared to Rs 1,14,940 on Monday.
The previous high that the yellow metal hit was on Sept. 23, when the price rose to Rs 1,14,360. Gold had crossed the Rs 1,10,000 mark on Sept. 15, and the possible rate cut from the Fed had drove the rally.
Stock Market News Live: Asia Market Update
Chinese stocks are set for their best run of monthly gains since 2018, driven by optimism over artificial intelligence, easing geopolitical tensions, and expectations of policy support, according to Bloomberg.
The MSCI China Index has advanced about 8% in September, marking its fifth straight month of advance. Since bottoming out in April, the benchmark has rallied nearly 40%, outpacing the rebound in the S&P 500 and MSCI Asia following the tariff-driven selloff.
Stock Market News Live: Wall Street Recap
US stocks started the week on a positive note, registering gains even despite concerns around new tariffs, the potential for a government shutdown and looming key economic data.
The S&P 500 Index closed 0.3% higher, led by the consumer discretionary and tech sectors. Energy was the worst-performing of 11 market sectors as crude prices declined in anticipation of another production hike by OPEC+ in November, exacerbating concern about a glut. Robinhood Markets Inc. led gains in the index on expectations for strong event contract volumes.
The tech-heavy Nasdaq 100 gained 0.4%, while the Dow Jones Industrial Average rose 0.2%.
Stock Market News Live: GIFT Nifty Indicates Muted Start For Indian Market
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The GIFT Nifty was trading near 25,000 early Tuesday. The futures contract based on the benchmark Nifty 50 was trading 0.05% higher at 24,700 as of 6:32 a.m. indicating a stable start for the Indian markets.
On Friday, the benchmark indices saw a volatile session and ended in the red after opening higher. Nifty ended 0.08% lower at 24634.90 while Sensex ended 0.08% lower at 80364.94.
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