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US futures were trading with slight decline in pre-market hours with the Federal Reserve Chair Jerome Powell's speech in focus. Further, market participants will assess geopolitical development in the West Asia.
The S&P 500 Futures were trading 0.05% lower at 5,788.25 as of 3:38 p.m. The Dow Jones Industrial Average futures were trading 0.08% down at 42,620.00 as of 03:39 p.m.
The Nasdaq 100 futures were trading 0.08% down at 20,206.25 as of 3:40 p.m.
US: Federal Reserve Chair Jerome Powell will speak at the National Association for Business Economics Annual Meeting, in Nashville
US: Federal Reserve Governor Michelle Bowman will speak about the economic outlook and monetary policy at the Georgia Bankers Association
US: Chicago PMI
Europe: ECB President Christine Lagarde will speak about monetary policy at the European Parliament, in Brussels
The Nifty 50 and Sensex recorded the worst intraday decline since Aug 5.
Reliance Industries Ltd., and ICICI Bank Ltd. were the top loser.
NTPC Ltd., JSW Steel Ltd. are the top leader in the Nifty 50 index.
The NSE Nifty Auto and Finance are the top loser sector.
The NSE Metal Index rose 1.98% to a fresh high of 10,263.65 as China's measures to aid economy boost sentiment for these companies. It ended 1.20% higher 10,185.85
The NSE Nifty Pharma rose 0.25% to a fresh high of 23,578.50. The index settled 0.94% down at 23,297.15
The NSE Nifty Midcap 150 ended 0.25% down at 22,311.95.
The NSE Nifty Smallcap 250 ended 0.06% higher at 18,410.70
Indian Oil Corp Ltd. withdraws proposed rights issue of up to Rs 22,000 crore. Petroleum Ministry says no funds allocated for capital support to oil marketing companies in financial year 2024-25 budget compared to earlier proposed allocation of Rs 30,000 crore.
The rights issue is withdrawn because the government cannot participate, it said in an exchange filing.
Bharti Airtel Ltd. prepaid Rs 8,465 crore to clear deferred liabilities for spectrum acquired in 2016, it said in an exchange filing
Mahindra Logistics Ltd. is in 50-50 joint pact with Japan's Seino Holdings for warehousing and trucking services, it said in an exchange filing.
Solex Energy Ltd. announced an investment of Rs 8,000 crore as part of Vision 2030. It introduced rectangular cell-based solar modules with N-type TOPcon Technology, it said in an exchange filing.
The Pound Sterling and the Euro rose against the greenback on Monday as the dollar index cooled off in the European session as market participants shift their focus on the US Federal Reserve Chair Jerome Powell's speech, due later today.
Powell will speak at the National Association for Business Economics Annual Meeting, in Nashville, which will be parsed by the investors to get fresh clues about the US central bank's policy easing cycle going forward.
The Pound sterling advanced 0.37% against the greenback as of 2:23 p.m. despite UK's GDP for April–June came at 0.5% compared to previous estimate of 0.6%. Economists expected no revision, as Bloomberg reported
The Euro was trading 0.32% higher against the US unit as investors await the European Central Bank President Christine Lagarde speech at the region's parliament.
Shakti Pumps (India) Ltd. is to consider bonus issue of 5 shares for every share held Oct 7, it said in an exchange filing.
The US Food and Drug Administration's inspection at subsidiary Apitoria Pharma ends with 10 observations. The US FDA inspected subsidiary Apitoria Pharma From September 23-27, it said in an exchange filing.
Stock Market Live: Nifty, Sensex Tumble Over 1% As ICICI Bank, HDFC Bank Drag
NBCC Ltd. received a project-management-consultant order worth Rs 101 crore from National Highways Authority of India, it said in an exchange filing.
NMDC Share Price Jumps On China's New Measures To Support Property Sector
Paras Defence and Space Technologies Ltd. received manufacture And supply order worth 305 crore from Larsen & Toubro Ltd., it said in an exchange filing.
For next 3–5 years, Yatharth Hospital & Trauma Care Centre Ltd. is on good growth trajectory, said Yatharth Tyagi-Director Yatharth Group of Hospitals said to an interview to NDTV Profit. The hospital is expecting double Expansion of bed capacity. The company does not require any external funding for doubling of bed capacity.
Finance cost is now minima, according to Tyagi. Faridabad hospital expected to ramp up operations. Yatharth expects Faridabad hospital to break even in next 15–18 months.
The government is likely to announce new external members of the Reserve Bank of India's Monetary Policy Committee by Tuesday, NDTV Profit reported citing sources in the Ministry of Finance. The names of external members have been finalised.
The MPC meeting will be held within time with new external members. The tenure of the current external members ends on Oct. 4. The next MPC is slated for October 9.
For more details click here.
Multibagger PC Jeweller Shares Hit Upper Circuit For A Third Consecutive Session
Larsen & Toubro Ltd. made new strides in digital energy solutions business. The company received mandate to implement energy management systems in South India and Expands Portfolio in the US, it said in an exchange filing.
NTPC Hits Life High As Analysts Remain Bullish On Green Arm IPO
PB Fintech Shares Snap Five-Day Fall As Company To Invest In Health Maintenance Organisation
Welspun Corp received an order for supply of Pipes, Bends in Middle East. The execution of orders will be during financial year 2024-25 and 2025-26, it said in an exchange filing.
Manba Finance Shares List At 25% Premium Over Issue Price
PB Fintech Ltd. is to help incorporate a Health Maintenance Organization. Investment from PB Fintech will be a 0-$100 million, said Yashish Dahiya, chairman and chief executive officer to NDTV Profit in an interview.
PB Fintech is to not investment more than $100 million. The company will execute the investment in the next few quarters, surely not the next few months, Dahiya said.
Policy Bazar wishes that claims come down and a better customer experience is provided. Customer is worried about whether claim will be approved and how much of the claim will be approved, Dahiya said.
Welspun Enterprises Shares Jump Nearly 6% On Winning BMC Water Tunnel Project
Eraaya Lifespaces Ltd. planned restructuring after completing acquisition of Ebix Inc. The company declares control, reaffirms continuity and integration of operations for long-term growth, and initiates investigation into financial irregularities, it said in an exchange filing.
Market breadth was skewed in favour of sellers. Around 1,640 stocks declined, 1,394 stocks rose, and 163 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was trading 117.65 points or 0.45% lower at 26,061.30, and the BSE Sensex was trading 0.42% lower at 85,210.44.
The yield on the 10-year bond opened flat at 6.75%. It closed at 6.76% on Friday, according to data on Bloomberg.
Rupee weakened by 2 paise to open at 83.72 against the US dollar. It closed at 83.70 on Friday, according to data on Bloomberg.
Max Estates Ltd. got Rs 4,100 crore pre-sale booking for Gurugram project, it said in an exchange filing.
Morgan Stanley maintains OVERWEIGHT on NTPC at Rs 496 target (14% upside)
Base Case: Values NTPC's renewable energy portfolio at Rs 47,700 crore
Bull Case: Values NTPC's renewable energy portfolio at Rs 1.3 lakh crore
Key Details of NTPC Green IPO
IPO proceeds to be used for debt repayment, general corp purposes
2.92 GW of operational capacity, 10.98 GW in pipeline
The company intends to install battery in its hybrid contracts
Market share at 7%/10%/18% in FY24/23/22
Bid win ratio at 38.9%/52.8%/53.6% in FY24/23/22
India’s bottling race is about to intensify
Disruptive digital market development models for driving sales coming to India with AI
Varun Beverages can become the largest and most disruptive PepsiCo bottler
Plans to add 300-400k outlets per year to drive higher soft drink per-capita consumption
Outlets addition and digital market development models remains the near-term growth drive
Key risk is that not keeping pace with the leader’s new requisite market development tools and culture
Crude oil prices rose in Asian trade on Monday as traders assessed the situation in the Middle–East after Israel killed Hezbollah's leader Nasrallah in an air strike at Beirut, Lebanon's capital.
Market participants are awaiting how will Iran, a sponsor of the group, respond to this development, according to Bloomberg.
The November contract of the crude oil on the Intercontinental Exchange was trading 0.60% higher at $72.41 a barrel as of 08:28 a.m.
Bajaj Steel Industries Ltd. is likely to consider proposal for issuance of bonus shares on October 3, it said in an exchange filing.
The Japanese yen were trading lower against the US dollar on Monday as market participants assessed Shigeru Ishiba, a proponent of Bank of Japan's monetary tightening won unexpected win in the ruling party's election. The currency was trading 0.10% lower at 142.35 a dollar as of 8:10 a.m.
The Malaysian ringgit emerged as the top performer with over 0.75% gain against the US dollar. The currency has been rising for two consecutive session in a row as hopes of further rate cuts from the US Federal Reserve rose.
The dollar index declined Friday after data from the US Bureau of Econiomic Analysis showed the personal consumption expenditure index, Fed's favoured inflation gauge, declined to 2.2% on the year in August from 2.5% in preceding month fueling believes that the US central bank will go for further rate cuts.
The dollar index, which measures the strength of the greenback against major currencies, were trading 0.08% higher at 100.65. The index declined 0.40% to 100.16 on Friday.
Persistent Systems Ltd. intended to acquire Pune-based Arrka to advance in data privacy and artificial intelligence-driven business transformation, it said in an exchange filing.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
