Stock Market LIVE: Nifty, Sensex Rally As HDFC Bank, Axis Bank Shares Lead
The Nifty 50 and Sensex were trading 0.79% and 0.84% higher, respectively as of 12:49 p.m. Follow NDTV Profit's blog for latest stock calls from analysts' view, earnings, and share price movements.
KEY HIGHLIGHTS
Nifty 50 Rallies Past 26,000 After A Year — Five Key Reasons Behind The Surge
India's benchmark index, Nifty 50, on Thursday reclaimed the 26,000 mark after over a year, as multiple tailwinds helped boost positive sentiment. The 50-stock index rose for the sixth consecutive session, after reports said India and the United States are close to a trade deal.
The Nifty 50 on Thursday gained as much as 0.9% or 225 points to hit 26,099 intraday. The last time the index was above 26,000 was Sept. 30, 2024. The all-time high of 26,277 was hit on Sept. 27, 2024.
Stock Market LIVE: Pace Digitek Gets Order Worth Rs 1,159 Crore from SECI
Pace Digitek received order worth Rs 1,159 crore order from SECI for BESS supply for 600 megawatt and 1,200 megawatt services, the company said in the exchange filing.
F&O: Nifty Monthly Futures Rise
The NSE Nifty October Futures rose 0.95% to 26,162, with a premium of 71 points as of 12:45 p.m.
The Nifty Oct 28 Expiry: Most Call Open Interests are concentrated on 27,000 strike, while most Put OIs are seen at 26,000.
Nifty, Sensex Today| Stock Market News: PTC Industries Gets Order From GTRE To Manufacture Turbine Blades
PTC Industries received order from GTRE to manufacture turbine blades . The gas turbine research establishment is a laboratory of DRDO Bengaluru, the company said in the exchange filing.
Stock Market LIVE: HDFC Bank Vs ICICI Bank — A Tale Of Two Futures
As the September quarter earnings season slowly unfolds, India's top two private lenders - HDFC Bank and ICICI Bank - have put out contrasting pictures in the quarter gone by.
While both lenders showed signs of strength, their paths diverged due to at least six reasons.
HDFC Bank, for its part, saw its bottom line get a booster dose from one-off treasury gains, with the lender reporting an 11% profit growth in the September quarter.
ICICI Bank had a slower growth in contrast, but the operational performance of the bank appeared healthier on paper.
Read the full article here.
Profit Exclusive: Can IDBI Deal Meet Deadline?
IDBI deal may be delayed as Emirates NBD unlikely to bid
Emirates NBD announces majority stake buy in RBL Bank with $3 billion infusion
IDBI stake sale needs at least 2 competing bids
Fairfax, Emirates NBD were earlier seen as serious bidders
Oaktree Capital, Kotak Mahindra Bank other suitors in fray
Source: People In The Know
