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And it's wrap on real-time market coverage for Friday. Thank for joining us today!
The NSE Nifty 50 and BSE Sensex ended 0.43% and 0.42% higher, respectively.
The NSE Nifty Defence rose the most
The NSE Nifty FMCG declined the most
The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 underperformed benchmark indices
On a weekly basis, the NSE Nifty 50 and BSE Sensex rose for second week
The NSE Nifty 50 and BSE Sensex ended 0.43% and 0.42% higher, respectively.
The NSE Nifty Defence rose the most
The NSE Nifty FMCG declined the most
The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 underperformed benchmark indices
On a weekly basis, the NSE Nifty 50 and BSE Sensex rose for second week
Rupee closed 16 paise stronger at 88.28 against US Dollar
It closed at 88.44 a dollar on Thursday
Source: Bloomberg
Hindustan Copper Ltd. share price jumped 13.61% to 281.98 apiece, the highest level since July 4. It was trading 12.64% higher at Rs 281.61 apiece. The company has planned Rs 2,000 crore capital expenditure in next five-to-six years.
Hindustan Copper will acquire copper deposit in India and abroad.
Hindustan Copper Ltd. share price jumped 13.61% to 281.98 apiece, the highest level since July 4. It was trading 12.64% higher at Rs 281.61 apiece. The company has planned Rs 2,000 crore capital expenditure in next five-to-six years.
Hindustan Copper will acquire copper deposit in India and abroad.
AstraZeneca Pharma received notice from National Pharma Pricing Authority. The company got notice from NPPA regarding alleged overcharging of inhalation powder.
The quantum of implication at Rs 60.5 crore as per NPPA show cause notice, the company said.
Bharat Heavy Electricals Ltd. received letter of intent worth Rs 22 crore to commission of KAVACH equipment in locomotives.
ICICI Prudential approved to issue non-convertible debentures worth Rs 1,200 crore. It appointed Navin Tahilyani and Samit Upadhyay as non-executive directors with effect from Sept 13.
Avanti Feeds approved incorporation of Netherlands-based arm. It will sell four windmills after 20 years from installation to supply power to Karnataka Government. Windmills to have an aggregate capacity of 3.2 megwatt.
Bigger positive will be on job creations in small and medium enterprises.
Focus will come back on textiles, jewellery and apparel which faced a bigger hit on tariffs
More clarity on the innovation fund is awaited
Source: Vijay Shankar, Sanmar Group
Texmaco Rail & Engineering Ltd. received Rs 129 crore order for commissioning traction over-head equipment from Rail Vikas Nigam Ltd., the company said in the exchange filing.
In case of some products the benefits of GST rate cut will get pass on immediately, and for other products it will take three-to-four weeks more.
FMCG companies are working very hard to pass on the benefits to the consumer
For smaller packs, changing price point is not visible or viable. From industry perspective, increasing the weight and content can be a solution.
Source: Harsha Vardhan, president, FICCI at NDTV Profit
Royal Orchid Hotel Ltd is ready to sharpen its focus on profitability and cost control, as the company looks to boost its return on capital employed (RoCE) to 25% within the next five years, up from the current 20%.
Speaking to NDTV Profit's Know Your Company show, Royal Orchid Hotels' Chief Financial Officer, Amit Jaiswal, highlighted the company's shift to an asset-light expansion model and growing exposure to the mid-market segment.
Sandhya J, the chief financial officer of Narayana Health talks about the savings that the GST rate cut is set to bring in. She also shares what this translated into for the company in the future.
South Korea's benchmark indices ended near record high because of foreign fund inflows. The index ended 1.54% higher at 3,395.54 on Friday.
Urban Company's initial public offer is subscribed 27.29 times on final day
NIIs led with 49.35 times subscription
Retail subscription was at 28.57 times
QIB subscription was at 15.84 times
Ixigo is in pact with Delhi metro and Open Network Digital Commerce to launch ticket booking services on the Ixigo Trains application.
Crompton Greaves Consumer Electricals received order worth Rs 4 crore from Madhya Pradesh Urja Vikas Nigam for Solar Water Pumping System, the company said in the exchange filing.
Bajaj Finance share price rose 2.23% to a frsh high of Rs 991.90 apiece. It was trading 2.03% higher at Rs 990.20 apiece as of 12:46 p.m. The company has alloted 1.35 lakh non-convertible debentures.
Bajaj Finance share price rose 2.23% to a frsh high of Rs 991.90 apiece. It was trading 2.03% higher at Rs 990.20 apiece as of 12:46 p.m. The company has alloted 1.35 lakh non-convertible debentures.
Astral Ltd. and Supreme Industries Ltd. will deliver higher earnings growth over the next three years as large Indian pipe companies approach a demand recovery, according to multinational investment firm JPMorgan. The firm initiated coverage on the two companies with an 'overweight' rating and a bullish target price.
Infosys share buyback announcement worth Rs 18,000 crore has garnered largely bullish nods from brokerages, including Nomura, Investec, and Morgan Stanley.
While the company is yet to disclose execution timelines, analysts expect the process to take a couple of months and see the move as aligned with Infosys’ long-term capital return strategy.
Themis Medicare share price was locked in 20% upper circuit. The stock price has surged without any specific fundamental trigger.
Themis Medicare share price was locked in 20% upper circuit. The stock price has surged without any specific fundamental trigger.
The IPO was subscribed 29.32 times on Friday as of 12:03 p.m. , as per BSE data.
Qualified Institutional Buyers: 2.44 times.
Non-Institutional Buyers: 38.34 times.
Retail Investors: 98.41 times.
Employee Reserved: 9.84 times.
Reservations Portion Shareholders: 25.28 times.
Adani Enterprises Ltd.'s arm Adani Road Transport to acquire DP Jain TOT for Rs 1,342 crore enterprise value, the company said in the exchange filing.
Sigachi Industries share price jumped 14.69% to Rs 43.24 apiece, the highest level since July 9.
Sigachi Industries share price jumped 14.69% to Rs 43.24 apiece, the highest level since July 9.
Stocks of most Adani Group stocks advanced with the Adani Power Ltd. share price leading gains. Adani Ports and Special Economic Zone Ltd. and Adani Enterprises Ltd. share prices rose as much as 0.95% and 0.72%, respectively.
Stocks of most Adani Group stocks advanced with the Adani Power Ltd. share price leading gains. Adani Ports and Special Economic Zone Ltd. and Adani Enterprises Ltd. share prices rose as much as 0.95% and 0.72%, respectively.
The NSE Nifty India Defence index rose 3% to 7,938 as Bharat Electronics Ltd., and Hindustand Aeronautics Ltd. shares supported gains. Mtar Technologies and Astra Microwave Products share prices were top gainers in the index.
The NSE Nifty India Defence index rose 3% to 7,938 as Bharat Electronics Ltd., and Hindustand Aeronautics Ltd. shares supported gains. Mtar Technologies and Astra Microwave Products share prices were top gainers in the index.
Moschip Technologies share price jumped 3.76% to Rs 263.80 apiece. The stock has been rising for second session as India is set to develop its semiconductor manufacturing industry.
Moschip Technologies share price jumped 3.76% to Rs 263.80 apiece. The stock has been rising for second session as India is set to develop its semiconductor manufacturing industry.
Indian Renewable Energy Development Agency share price rose after the company has raised Rs 453 crore by issuing perpetual bonds at a rate of 7.70% per annum.
Indian Renewable Energy Development Agency share price rose after the company has raised Rs 453 crore by issuing perpetual bonds at a rate of 7.70% per annum.
NBCC (India) share price snapped a five-day rally. The stock price declined 1.40% Rs 106.30 apiece.
NBCC (India) share price snapped a five-day rally. The stock price declined 1.40% Rs 106.30 apiece.
Waaree Energies share price snapped a three-day record rally. The stock price was trading 1.28% down at Rs 3,639 apiece as of 10:15 a.m.
Waaree Energies share price snapped a three-day record rally. The stock price was trading 1.28% down at Rs 3,639 apiece as of 10:15 a.m.
Railtel Corp share price rose 4.33% to Rs 379.15 apiece. The company received orders worth Rs 103 crore from Nashik and Panvel municipal corporations.
Railtel Corp share price rose 4.33% to Rs 379.15 apiece. The company received orders worth Rs 103 crore from Nashik and Panvel municipal corporations.
Lupin share price rose 3.37% to Rs 2,055 apiece, the highest level since May 19. Invest upgraded Lupin to Buy and hiked the target price to Rs 2,665 from Rs 2,100 apiece. The stock has been rallying six sessions.
Lupin share price rose 3.37% to Rs 2,055 apiece, the highest level since May 19. Invest upgraded Lupin to Buy and hiked the target price to Rs 2,665 from Rs 2,100 apiece. The stock has been rallying six sessions.
JBM Auto Ltd. share price jumped 8.33% to Rs 678 apiece. The company secured $100 million equivalent long-term capital investment from International Financial Corp.
JBM Auto Ltd. share price jumped 8.33% to Rs 678 apiece. The company secured $100 million equivalent long-term capital investment from International Financial Corp.
Shares of Lodha Developers Ltd. have opened with strong gains on Friday, reaching an intraday high of Rs 1,218 apiece on the back of a mega Rs 30,000-crore Memorandum of Understanding (MoU) with the Maharashtra government.
The stock is currently trading at Rs 1,192, which compares to yesterday's closing price of Rs 1,181. On a year-to-date period, though, the stock has fallen 13%, and over the past 12 months, the shares have largely remained flat.
Poly Medicure is expecting a 25% margin expansion in next two years. Acquisition of PendraCare Group in Amsterdam is strategic to the company.
The acquisition Gives immediate access to regulated market. With this acquisition Poly Medicure will have the ability to manufacture products in India and europe with lower cost, he said in an interview to NDTV Profit.
IFA Global is not very bearish on Indian rupee, said founder Abhishek Goenka. He does not see any reason for runnaway depreciation in the rupee against US dollar.
Dollar selling pressure has stopped due to the increased uncertainty around the US. Broad trend of the greenback is globally weak, he said in an interview to NDTV Profit
Infosys Ltd.'s share price rose 2% on Friday after the company announced its first buyback in three years. The company will buy back shares worth Rs 18,000 crore.
Notably, the buyback is higher than market estimates. The buyback represents 10 crore shares, or 2.4% of equity; it is not the highest in terms of equity percentage. In 2017, the Bengaluru-headquartered company repurchased 4.9% equity. Based on historical data, the entire process should take 3-4 months to complete.
Infosys Ltd.'s share price rose 2% on Friday after the company announced its first buyback in three years. The company will buy back shares worth Rs 18,000 crore.
Notably, the buyback is higher than market estimates. The buyback represents 10 crore shares, or 2.4% of equity; it is not the highest in terms of equity percentage. In 2017, the Bengaluru-headquartered company repurchased 4.9% equity. Based on historical data, the entire process should take 3-4 months to complete.
On National Stock Exchange, 14 sectoral indices advanced with the NSE Nifty Realty outperforming. The NSE Nifty FMCG was the worst performing sector.
On National Stock Exchange, 14 sectoral indices advanced with the NSE Nifty Realty outperforming. The NSE Nifty FMCG was the worst performing sector.
Infosys Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., and Tata Consultancy Services Ltd. added to the NSE Nifty 50 index.
Hindustan Unilever Ltd., Eternal Ltd., ITC Ltd., UltaTech Cement Ltd., and SBI Life Insurance Co limited gains.
Infosys Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., and Tata Consultancy Services Ltd. added to the NSE Nifty 50 index.
Hindustan Unilever Ltd., Eternal Ltd., ITC Ltd., UltaTech Cement Ltd., and SBI Life Insurance Co limited gains.
The NSE Nifty 50 and BSE Sensex were trading higher tracking as Infosys Ltd. and Reliance Industries Ltd. share prices supported. The indices were trading 0.21% and 0.26% higher, respectively as of 9:21 a.m.
The NSE Nifty 50 and BSE Sensex were trading higher tracking as Infosys Ltd. and Reliance Industries Ltd. share prices supported. The indices were trading 0.21% and 0.26% higher, respectively as of 9:21 a.m.
Paras Defence received order worth Rs 27 crore from Opto Electronics for electronic control systems.
Morgan Stanley downgraded Gujarat State Petronate to Underweight from Equal-weight; cut target price to Rs 295 from Rs 452
Prefer GAIL and Petronet LNG to play India's gas adoption thematic over GSPL
For GSPL see limited growth capex and pipeline capacity expansion
With the upcoming restructuring from GSPC Group, see GSPL gaining more investor attention
The yield on the 10-year bond opened flat at 6.47%
Source: Cogencis
Rupee opened 4 paise stronger at 88.40 against US Dollar
It closed at 88.44 a dollar on Thursday
Source: Bloomberg
Marico Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., NLC India Ltd. and HFCL Ltd. are some of the stocks that are going to catch investor's attention on Friday.
Moreover, Urban Company, Dev Accelerator and Shringar House of Mangalsutra IPOs will open for their final day.
Infosys Ltd. has received exemptive relief from the US Securities and Exchange Commission for its 18,000-crore buyback, according to its notification to the exchanges. The company announced its first share buyback in three years, since October 2022.
Now, the buyback is awaiting approval from existing shareholders via a special resolution and postal ballot.
GMR Airports Ltd. incorporated special purpose vehicle GMR Cargo for Cargo City Project awarded by Delhi International Airport Ltd. in New Delhi.
"For day traders, the 50-day simple-moving average or 24,850/81,000 would act as a crucial support zone. As long as the market is trading above this level, the bullish trend is likely to continue."Shrikant Chouhan, Head, Equity Research, Kotak Securities
"Risks remain in the form of profit-taking at higher levels, foreign fund outflows, and macro pressures including a weakening rupee. Nonetheless, the broader global uptrend, supported by advancing key indices worldwide, keeps the outlook firmly bullish."Ponmudi R, CEO, Enrich Money
Assessing dividend-paying stocks requires investors to examine both historical returns and current valuations. Several companies have delivered significant returns, according to data compiled by NDTV Profit.
While companies like TCS and Infosys exhibit attractive valuations alongside strong dividend histories, others such as HUL and Nestle appear overvalued despite strong returns, signalling varied investment potential, the data showed.
Nifty Sep futures is up by 0.15% to 25,110 at a premium of 105 points.
Nifty Sep futures open interest down by 0.98%.
Nifty Options Sept. 16 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.
Securities in ban period: RBL Bank, Oracle Financial Services Software
Infosys Ltd. received exemptive relief from US Securities Exchange Commission for Rs 18,000 crore buyback.
Railtel Corp received order worth Rs 103.4 crore from municipal corporations of Panvel and Nashik.
Interim Dividend: Bhansali Engineering Polymers, Bharat Rasayan, Caplin Point Laboratories, Garden Reach Shipbuilders & Engineers, Tatva Chintan Pharma Chem, RHI Magnesita India, Techno Electric & Engineering, HeidelbergCement, Mastek, Cochin Shipyard, Sanghvi Movers
Rights Issue: NDTV
Japan's benchmark index Nikkei 225 and South Korea's KOSPI hit a record high early Friday trackinga rally in global equities. Both the indices were contributing to the MSCI Asia index's rally.
The Nikkei 225 and KOSPI were trading 0.58% and 1.12% higher, respectively of 7:09 a.m.
The S&P 500 and Nasdaq Composite hit a fresh high on Thursday after economic data supported a view of faster and more rate cuts in the US.
The core US CPI, which keeps energy and food prices aside, rose 0.3% in August compared to 3.1% in the corresponding period of last year. This is in line with the analysts' expectations.
Meanwhile, claims for unemployment benefit in the US jumped to the highest level in almost four years last week. Both the data points supported expectation of a rate cut in the upcoming meeting of the US Federal Open Market Committee.
The S&P 500 and Nasdaq Composite ended 0.85% and 0.72% higher, respectively on Thursday.
The GIFT Nifty was trading 0.30% or 76.50 points higher at 25,187 as of 6:31 a.m. This implied that the benchmark NSE Nifty 50 will likely open higher.
Traders will keep an eye on Infosys Ltd., Mahindra & Mahindra Ltd., Indian Renewable Energy Development, NBCC (India) Ltd., Bharat Forge Ltd. shares were in focus because of the overnight newsflow.
The Nifty extended its rally for the seventh consecutive session on Thursday, making it the best rally of gains since April 2025, while the Sensex closed in the green with little change.
The NSE Nifty 50 settled 32.4 points or 0.13% higher at 25,005.50 and the BSE Sensex closed 123.58 points or 0.15% up at 81,548.73.
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