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The December futures of Dow Jones was at 42,463.00 as of 3:27 p.m., down 183.00 points or 0.43%, those of
S&P 500 were at 5,770.2, 29.75 points or 0.51% lower, and Nasdaq 100 December futures were at 20,094.50, lower by 132.7 points or 0.66%.
Germany: Deutsche Bundesbank President Joachim Nagel is due to speak in Frankfurt — 8:00 p.m. IST
Europe: Eurogroup meeting
US: Federal Reserve Governor Michelle Bowman will speak at the Independent Bankers Association of Texas Annual Convention, in San Antonio — 10:30 p.m. IST
US: Federal Reserve Bank of Minneapolis President Neel Kashkari will participate in a fireside chat about the economy, bank regulation, and M&A trends at the Bank Holding Company Association Fall Seminar — 11:20 p.m. IST
US: Consumer Credit — 12:30 a.m. IST
US: Federal Reserve Bank of St. Louis President Alberto Musalem will speak at the Money Marketeers of New York University — 4:00 a.m. IST
Australia: Wespac Consumer Sentiment — 5:00 a.m. IST
Japan: Household Spending — 5:00 a.m. IST
Japan: Average Cash Earnings — 5:00 a.m. IST
Japan: Current Account Deficit — 5:20 a.m. IST
Australia: RBA Monetary Policy Meeting Minutes — 6:00 a.m. IST
Australia: National Australia Bank Business Confidence — 6:00 a.m. IST
Australia: RBA Deputy Governor Andrew Hauser will speak at the Walkley Foundation in Sydney — 6:30 a.m. IST
Germany: German Industrial Production — 11:30 a.m. IST
France: French trade balance — 12:15 p.m.
US: Federal Reserve Governor Adriana Kugler will speak at the ECB Conference on Monetary Policy, in Frankfurt — 12:30 p.m. IST
Market breadth was skewed in the favour of sellers. As many as 3,416 stocks fell, 643 rose, and 119 remained unchanged on the BSE.
The NSE Nifty 50 and BSE Sensex recorded their worst six–day fall since March, 2022.
The Nifty 50 and Sensex declined to their lowest levels in over one month.
HDFC Bank Ltd., and Reliance Industries Ltd. share prices were top loser in the Nifty 50 index.
Infosys Ltd., and Bharti Airtel Ltd. were the top gainer in the index.
The NSE Nifty IT was the only sector to end on a positive note. The sectoral index is also the top performer.
The NSE Nifty Media declined the most among sectoral indices.
India's benchmark equity indices including Nifty and Sensex hit lows of 24,694.35 points and 80,726.06 points, their lowest levels since August 21 as shares of HDFC Bank pulled them lower.
HDFC Bank share price was also top dragger of Nifty Bank, which also hit its one-month low of 50,194.30, its lowest level since August 16.
Sales Volume at 50,922 tonnes vs 35,780 tonnes
Quarterly Volume rose 42.3%
Source: Exchange filing from Rama Steel Ltd.
Suresh Narayanan will retire as CMD with effect from July 31, 2025.
Nestle India Ltd. got nomination from Nestle SA to Appoint Manish Tiwary as managing director effective August 1, 2025.
Source: Exchange filing from Nestle India
Gensol Engineering Ltd.'s Ankit Jain replaced Jabir Mahendi Aga as Chief Financial Officer effective today, it said in an exchange filing.
Wockhardt Ltd. received fast track designation by the US Food Drug Administration for WCK 6777 with unique Out-Patient Treatment advantage. WCK 6777 Completes Phase I Study Conducted By National Institutes Of Health, US.
Source: Exchange filing
Global Business rose 12% at Rs 12.5 Lakh Crore
Global Deposits rose 10.2% at Rs 7.03 Lakh Crore
Global Gross Advances rose 14.4% at Rs 5.43 Lakh Crore
Domestic Deposits rose 12.3% to Rs 5.98 Lakh Crore
Domestic Advances rose 14.9% to Rs 4.53 Lakh Crore
Source: Exchange filing
Hitachi Energy India Ltd. planed to invest Rs 2,000 crore in expanding capacity, portfolio, and talent base, to drive sustainable energy future in India, it said in an exchange Filing.
Eraaya Lifespaces Ltd.'s arm Ebix Cash secured major contract worth Rs 138.8 crore with Punjab National Bank for Network Integrating Services, said in an exchange Filing.
HeidelbergCement India Ltd. share price jumped 17.93% to Rs 258, the highest level since Oct 19, 2021.
Jio Financial Services share price rose 2.98% to Rs 348.90 apiece.
Market breadth was skewed in favour of buyers. Around 1,908 stocks advanced, 1,023 stocks declined, and 173 stocks remained unchanged on the BSE.
India's urban retailers are seeing low footfall at the stores as e-commerce grows a preferable option for consumers. Urban cities are rapidly witnessing rapid distribution channel shifts in favour of online, led by quick commerce. Read more here
The NSE Nifty 50 was trading 69.50 points or 0.28% higher at 25,084.10, and the BSE Sensex was trading 808.65 points or 0.98% higher at 81,688.45.
The yield on the 10-year bond opened flat at 6.84%. It closed at 6.83% on Friday.
Source: Bloomberg
Rupee opened flat at 83.96 against the US dollar. It closed at 83.97 on Friday.
Source: Bloomberg
Mylan Pharma and Novo Nordisk Reach Settlement On Ozempic Patent
Terms Of Settlement Are Confidential
Source: Exchange filing from Natco Pharma Ltd.
Retain Buy with a target price Rs 5,969, which implied an upside of 14%
The company inks pact to acquire 100% stake in Iskraemeco India for total sale consideration of Rs. 42 crore
Iskraemeco are present across Middle East and Europe
The company aims to generate 10% of consolidated FY25 revenue from smart meters
Scale up to 15% of revenues later
Maintain neutral with a target price Rs 1,720 which implied a 3.6% upside.
Clocked healthy deposit growth at 5% QoQ
Loan to deposit ratio down 400bps QoQ
RoE improvement will be a gradual process
RoE improvement to come at the cost of loan growth
Outlook for loan growth over the medium term should stay soft
Industry collection efficiency weakened given onset of new guardrails
Asset quality sees deterioration on sequential basis
UP, Odisha, Gujarat, Jharkhand and Rajasthan reported >50bps deterioration
MFI customer's retail loans reported 32% Cagr over 1.5 years
Personal loan category more than doubled over past 1.5 years
50% of loans are for gold, housing and agriculture
Varun Beverages Ltd.'s board will consider fundraise on Oct 9 via qualified institutional placement.
IRB Infrastructure Developers Ltd. will consider fundraise on Oct 9 via QIP.
Source: Exchange filings
Gold prices declined on Monday as after US non-farm payroll data rose more than expected to nearly six-month high, which prompted to investors to reduce their hopes for bigger rate cuts.
The Bloomberg spot gold was trading 0.21% lower at $2,647.98 as of 07:46 a.m.
After posting the best week in more than a year, the prices of crude oil cooled off in early trade Monday. US President Joe Biden discouraged attacks on Tehran's crude oil field after Israel unleashed missile attack at the country for retaliation.
The crude oil was trading 0.46% lower at $77.68 a barrel as of 07:19 a.m.
India crude steel production stood at 5.27 million tons
Deliveries at 5.10 million tons.
Domestic deliveries up 5% YoY at 4.9 million tons, broadly in line with the production growth
Crude steel production up 5% YoY on half year basis
Indian steel capacity to hit 26.6 MTPA on ramp up of Kalinganagar facilities
Note: Figures are provisional
US stocks closed higher Friday after data showed that the world's largest economy added most jobs in six months, Bloomberg reported. The US non-farm payroll, which indicates new jobs growth, increased to 254,000 in September, against 154,000 estimates by analysts. The unemployment rate declined to 4.1%.
The S&P 500 and Dow Jones Industrial Average ended 0.81% and 0.90% higher, respectively. The Nasdaq Composite ended 1.22% higher.
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