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Nifty Ends In Red, Close To 25,200 Mark
Nifty Loses for Second Consecutive Day
Top Nifty Gainers Were Adani Ent & Eternal
Top Nifty Losers Tech Mahindra & TCS
Nifty Energy Emerges Top Sectorial Gainer, Gains Led By Adani Power & Adani Green
Nifty IT Is The Top Sectorial Loser, Drag By Mphasis & Ltimindtree, On The Back Of H1b Visa Hike
Small cap 250 Ends In Red, Drag Led By Kfin Tech & Zensar
Nifty Midcap150 Ends In Red, Drag Led By Mphasis & Coforge
Sectors End On A Mixed Note
Nifty Metal Gains For The 3rd Day In A Row.
Nifty Media Snaps 2 Day Losing Streak
Nifty Pharma Snaps 2 Day Gaining Streak
Nifty Bank, FMCG & Auto Falls For Second Consecutive Day
Nifty Ends In Red, Close To 25,200 Mark
Nifty Loses for Second Consecutive Day
Top Nifty Gainers Were Adani Ent & Eternal
Top Nifty Losers Tech Mahindra & TCS
Nifty Energy Emerges Top Sectorial Gainer, Gains Led By Adani Power & Adani Green
Nifty IT Is The Top Sectorial Loser, Drag By Mphasis & Ltimindtree, On The Back Of H1b Visa Hike
Small cap 250 Ends In Red, Drag Led By Kfin Tech & Zensar
Nifty Midcap150 Ends In Red, Drag Led By Mphasis & Coforge
Sectors End On A Mixed Note
Nifty Metal Gains For The 3rd Day In A Row.
Nifty Media Snaps 2 Day Losing Streak
Nifty Pharma Snaps 2 Day Gaining Streak
Nifty Bank, FMCG & Auto Falls For Second Consecutive Day
Rupee closed 22 paise weaker at 88.32 against US Dollar
It settled at 88.10 on Friday
Source: Bloomberg
Adani Green Energy Ltd. and Adani Total Gas said that movement in share prices are absolutely market-driven.
IndusInd Bank Ltd. share price fell 1.40% to Rs 734 apiece. The private lender appointed Names Viral Damania as the chief financial officer. Santosh Kumar will continue Deputy CFO.
TVS Holdings allotted cumulative non-cumulative non-convertible redeemable preference shares via bonus worth Rs 986.5 crore.
Shree Refrigerations received order worth Rs 19 crore from Mazagon Dock for supply of turnkey HVAC solutions onboard 14 fast patrol vessels, the company said in the exchange filing.
Swiggy Vs Zomato: Growth recovery in India's food delivery market is expected to be gradual. However, momentum in the quick-commerce segment will likely remain robust with the next-generation GST reforms widely expected to spur consumption and boost India's economic growth.
According to global brokerage, Bank of America (BofA), the quick commerce segment will be one of the key beneficiaries of GST rate cuts with Blinkit being 'best placed' among the top names. Festive season demand, combined with the GST cuts, will push quick commerce players to adopt discount strategies and target higher sales to attract more buyers.
Share India Securities approved additional investment of Rs 28 crore in arm Share India Capital Services, the company said in the exchange filing.
The new GST 2.0 reforms coming into effect this Navratri season have brought cheer to prospective motorcycle and scooter buyers.
Announced earlier this month by Union Finance Minister Nirmala Sitharaman, the changes aim to simplify the Goods and Services Tax framework while providing direct relief to consumers across the automobile sector.
GST rate cuts were to offset a surge in festive sales for sectors like cars, bikes, electronics and more. While some sectors see the trickle-down of the impact, the two-wheeler segment is yet to see some action. Rakesh Sharma, Executive Director at Bajaj Auto, though, is not worried at all, as he believes that the GST rate cut will bring in festive sales that are better than the sales last year.
Zaggle Prepaid Ocean Services Ltd. is in pact with AU Small Finance Ban for co-branded retail credit card and commercial card, the company said in the exchange filing.
Former Zensar Technologies Chief Executive and IT industry veteran Ganesh Natarajan believes Indian companies will face the short-term impact of the US government's mandate to charge a one-time fee of $100,000 to new H-1B visa applicants but stressed that resilience in the Indian IT industry will prevail.
Coromandel International will set up a technical mono ammonium phosphate planat at Visakhapatnam, the company said in the exchange filing.
Hexaware Technologies saw no material impact from increase in fees applicable to new visa petitions. The company has been reducing dependency on H1-B filings in last few years.
The company has not been made any fresh applications under H1-B cap in April 2025, the company said in the exchange filing.
Bajaj Auto will pass on full benefit of GST cut to buyers for motorcycles under 350 cc. Buyers will get 50% financing benefits in addition to GST cuts.
Exicom Tele-Systems supported charger on wheels, a mobile electric charging startup, the company said in the exchange filing.
Shipping Corp of India share price jumped 8.11% to Rs 237.40 apiece. The stock price was trading 4.88% higher at Rs 230 apiece as of 11:53 a.m.
Shipping Corp of India share price jumped 8.11% to Rs 237.40 apiece. The stock price was trading 4.88% higher at Rs 230 apiece as of 11:53 a.m.
Adani Green Energy share price jumped 8.14% to Rs 1,114.60 apiece.
Adani Green Energy share price jumped 8.14% to Rs 1,114.60 apiece.
Shares of Eternal Ltd. hit a record high on Thursday, extending a strong run that has seen the stock soar 70% from its 52-week low and surge 325% over its issue price.
With a market capitalisation of Rs 3.26 lakh crore, Zomato's parent has now overtaken Titan, which has a market cap of Rs 3.11 lakh crore, and Tata Motors, with a market cap of Rs 2.62 lakh crore, cementing its place among India’s most valuable companies.
Solarworld Energy Solutions is set to launch an initial public offering (IPO) on September 23 to raise almost Rs 500 crore from the primary market. The company provides services for installing solar systems.
Ahead of its launch, the grey market premium (GMP) for the issue has gained in the last few days.
Inventurus Knowledge Solutions sees no impact of H1-B visa fee changes. It does not depend on H1-B visa holders for its workforce.
Jio Financial Services' Jio Payments Bank launched 'Savings Pro' account with minimum threshhold of Rs 5,000.
Customers can invest up to Rs 1.5 lakh per day through new 'Savings Pro' account.
Shares of Adani Group companies continued its impressive rally in Monday's trade, after the Securities & Exchange Board of India handed a clean chit to the group last week, finding no evidence of allegations made by Hindenburg Research.
The regulator, in its final report, imposed no penalty and cleared Adani Ports & Special Economic Zone Ltd., Adani Power Ltd., and Adani Enterprises Ltd. of any liabilities. Adani Group Chairperson Gautam Adani and Adani Enterprises Managing Director Rajesh Adani were also cleared of any wrongdoings.
Larsen & Toubro Ltd.'s renewable verticals signed MoU with ACWA power for renewable and grid scope of Yanbu Green Hydrogen Hub, the company said in the exchange filing.
Saatvik Green Energy Ltd.'s initial public offering is set to open for its second day subscription on Sep. 22. The IPO was subscribed 0.59 times on its first day on Friday.
Netweb Technologies share price rose 5.78% to Rs 3,470 apiece. It was trading 4.13% higher at Rs 3,436 apiece as of 10:06 a.m.
Netweb Technologies share price rose 5.78% to Rs 3,470 apiece. It was trading 4.13% higher at Rs 3,436 apiece as of 10:06 a.m.
SEPC received order worth Rs 443 crore irrigation project order in Dehri, Bihar, the company said in the exchange filing.
Indian equity benchmarks extended declines for the second consecutive trading session. The BSE Sensex fell as much as 476 points or 0.6%, while the NSE Nifty 50 fell as much as 115 points or 0.5% to 25,211.
Thirteen out of fifteen sectoral gauges on NSE traded higher with the NSE Nifty Energy Index leading the gains. On the flipside, the NSE Nifty IT and NSE Nifty Pharma were the sectoral losers.
Garden Reach Shipbuilders and Engineers share price jumped 5.94% to Rs 2,760 apiece. The company signed a series of MoU with strategic partners in shipbuilding, port and infrastructure sectors.
Garden Reach Shipbuilders and Engineers share price jumped 5.94% to Rs 2,760 apiece. The company signed a series of MoU with strategic partners in shipbuilding, port and infrastructure sectors.
Afcom Holdings is in pact with Air India SATS Fo freighter operations at Noida International Airport, the company said in the exchange filing.
Tata Consultancy Services share price fell 3.29% to Rs 3,065 apiece. It was trading 2.14% down at Rs 3,100 apiece as of 9:32 a.m.
Tata Consultancy Services share price fell 3.29% to Rs 3,065 apiece. It was trading 2.14% down at Rs 3,100 apiece as of 9:32 a.m.
Infosys Ltd. share price slumped 3.78% to Rs 1,482.00 apiece, the lowest price since Sept 9. It's the top detractors in the NSE Nifty 50 index.
Infosys share price was trading 2.48% down at Rs 1,502 apiece as of 9:28 a.m.
Infosys Ltd. share price slumped 3.78% to Rs 1,482.00 apiece, the lowest price since Sept 9. It's the top detractors in the NSE Nifty 50 index.
Infosys share price was trading 2.48% down at Rs 1,502 apiece as of 9:28 a.m.
On National Stock Exchange, eight sectoral indices opened higher, six declined, and one remained flat out of 15.
On National Stock Exchange, eight sectoral indices opened higher, six declined, and one remained flat out of 15.
Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., HCLTech Ltd., and Bharti Airtel Ltd. shares weighed on the NSE Nifty 50 index.
Bajaj Finance Ltd., HDFC Bank Ltd., HDFC Bank Life Insurance Co., Adani Enterprises Ltd., and UltraTech Cement Ltd. limited losses to the NSE Nifty 50 index.
Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., HCLTech Ltd., and Bharti Airtel Ltd. shares weighed on the NSE Nifty 50 index.
Bajaj Finance Ltd., HDFC Bank Ltd., HDFC Bank Life Insurance Co., Adani Enterprises Ltd., and UltraTech Cement Ltd. limited losses to the NSE Nifty 50 index.
Indian benchmark indices declined at open on Monday in reaction to US hiking visa fee on proscribed basis. Infosys Ltd., Tata Consultancy Services Ltd. share prices weighed on the Nifty 50 and Sensex.
The indices were trading 0.26% and 0.54% down, respectively as of 9:22 a.m.
Indian benchmark indices declined at open on Monday in reaction to US hiking visa fee on proscribed basis. Infosys Ltd., Tata Consultancy Services Ltd. share prices weighed on the Nifty 50 and Sensex.
The indices were trading 0.26% and 0.54% down, respectively as of 9:22 a.m.
Government directed Oil and Natural Gas Corp will take control of all data, assets associated with CB-OS/2 oil block.
The government said application for extension of PSC not accepted, the company said in the exchange filing.
The yield on the 10-year bond opened flat at 6.49%
Source: Bloomberg
Rupee opened 9 paise weaker at 88.19 against US Dollar
It settled at 88.10 on Friday
Source: Bloomberg
The H-1B shock from the Trump administration and increasing uncertainty about US immigration policy could accelerate India's rapid move towards Global Capability Centres (GCCs) and lift GCC exports as a share of India’s total services exports over time, according to the top economist at Emkay Global.
Goldman Sachs has initiated coverage on JSW Cement with a "Neutral" rating, setting a target price of Rs 147. This target price implies a potential downside of 1.5% from the current market price of Rs 149.30.
The firm’s cautious stance is based on the challenges JSW Cement faces in balancing aggressive growth with profitability and leverage. This comes into the picture, especially in an industry dominated by large, debt-free players like Ultratech and Ambuja Cement.
Indian technology companies will likely see their operating expenses rise in the medium term after US President Donald Trump issued a proclamation to hike the visa fee of H-1B visas. Indian IT companies will also increase offshoring and local hirings as well, analysts and brokerages said.
Assuming one-third of H-1B employees are replaced with local hires, the impact on EBIT margin is likely to be 20–50 basis points and 2–4% on earnings per share, Dam Capital said.
Indian IT companies have moved quickly to reassure investors that there will be no material impact of Donald Trump's recently announced $100,000 fee for H-1B visa applications.
Several IT companies have confirmed to the exchanges that the steep increase will have no material or significant impact, with many highlighting reduced reliance on the visa programme and increased local hiring.
Pidilite Industries Ltd. and Time Technoplast Ltd. will be on the market radar on Monday as it marks the last session for investors to buy shares to qualify for the bonus issue of shares ahead of the record date.
Gold prices are rebounding to levels above the Rs 1,10,000 mark driven by festive demand, geopolitical uncertainties and safe-haven demand.
In India, the prices were at Rs 1,10,430 per 10 gm on Monday, according to the India Bullion Association. The price was Rs 1,09,530 on Friday.
Gold prices had slipped further last week after the US Federal Reserve meeting. The commodity had hit a fresh record high of $3,707.57 on Wednesday ahead of the meet.
Markets in China advanced after the People's Bank of China held rate steady. The CSI 300 was trading flat at 4,500 as of 7:10 a.m.
Japan's benchmark index Nikkei 225 and South Korea's stock gauge KOSPI continued to gain. The indices were trading 1.35% and 0.72% higher, respectively as of 7:11 a.m.
The GIFT Nifty was trading 0.05% or 14 points higher at 25,369.50 as of 6:31 a.m. This implied a tepid open for the NSE Nifty 50 index.
Market participants will keep an eye on Garden Reach Shipbuilders and Engineers Ltd., Shipping Corp Ltd., Infosys Ltd., and NBCC (India) Ltd. in Monday's session.
The NSE Nifty 50 and BSE Sensex snapped a three-day winning streak on Monday. The indices were trading 0.38% and 0.47% down, respectively on Friday.
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