Overseas investors remained net sellers of Indian equities on Tuesday for the tenth consecutive session.Foreign portfolio investors offloaded stocks worth Rs 2,034.14 crore, according to provisional data from the National Stock Exchange.Domestic institutional investors remained net buyers on Tuesday for the eighth consecutive session and mopped up equities worth Rs 1,361.02 crore, the NSE data showed.Foreign institutions have been net buyers of Rs 1,17,651 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day..The yield on the 10-year bond closed flat at 7.23% on Tuesday.Source: Bloomberg.The local currency weakened 17 paise to close at Rs 83.21 against the U.S dollar on Tuesday.It closed at 83.04 on Friday.Source: Bloomberg.India's benchmark stock indices declined in trade on Tuesday after a break for Gandhi Jayanti on Monday, Oct. 2. Nifty Auto, Oil & Gas and Pharma sectors were under pressure, while PSU banks and media advanced. The S&P BSE Sensex closed down 316 points, or 0.48%, at 65,512.10 while the NSE Nifty 50 was 110 points or 0.56% lower at 19,528.75.Europe’s Stoxx 600 index turned positive after touching six-month lows and index futures on the S&P 500 rose about 0.2%.Asian stocks declined. Hong Kong shares underperformed the region, ending over 2% lower as trading resumed after a holiday. Other benchmark indices also declined, driving the MSCI Asia Pacific Index to the lowest since December. China is in the midst of a weeklong holiday..Larsen & Toubro Ltd., Bajaj Finance Ltd., Titan Co., State Bank of India, and Axis Bank Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., ITC Ltd., and Maruti Suzuki India Ltd. were negatively contributing to the change. .The broader market indices ended higher; the S&P BSE MidCap Index was up 0.09%, whereas S&P BSE SmallCap Index was also 0.61% higher.Fifteen out of the 20 sectors compiled by BSE declined, while five advanced. S&P BSE Auto and S&P BSE Oil & Gas fell the most. The market breadth was split between the buyers and the sellers. About 1,915 stocks rose, 1,851 declined, while 190 remained unchanged on the BSE..Shares of Metro Brands surged 11.29% to Rs 1,253.4 apiece, compared to a 0.44% fall in the NSE Nifty 50 as of 2:02 p.m. The stock rose 14.81% intraday, the most in over 14 months since Aug. 11, 2022.The average traded volume so far in the day stood at 21.8 times its monthly average, while the relative strength index was at 76, indicating the stock may be overbought.Of the 17 analysts tracking the company, eleven maintain a 'buy' rating, three suggest a 'hold', and three suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies a potential downside of 12.1%..Entertainment Network India gets license to operate entertainment radio channel in Bahrain for five years.Source: Exchange filing.India's benchmark stock indices opened lower and declined through midday on Monday after closing lower for the second week on Friday. Auto and metal sectors were under pressure, while PSU banks advanced. As of 1:13 p.m., the S&P BSE Sensex was down 232 points, or 0.35%, at 65,826.35 while the NSE Nifty 50 was 86 points or 0.44% lower at 19,552.15.Asian stocks declined along with sovereign bonds after hawkish signaling from the Federal Reserve stirred concerns the U.S. central bank would continue to raise interest rates.Hong Kong shares underperformed the region, falling as much as 3.4%, as trading resumed after a holiday. Other benchmark indexes also declined, driving the MSCI Asia Pacific Index to the lowest since December. China is in the midst of a weeklong holiday..HCL Technologies Ltd., Asian Paints Ltd., Hindustan Unilever Ltd., Titan Co., and Bajaj Finserv Ltd. were the top gainers in the Nifty 50 gauge.Whereas, ONGC Ltd., Eicher Motors Ltd., Hindalco Industries Ltd., Maruti Suzuki India Ltd., and Dr. Reddy's Industries Ltd. were the top losers..The broader market indices were trading higher; the S&P BSE MidCap Index was up 0.04%, whereas S&P BSE SmallCap Index was also 0.59% higher.Thirteen out of the 20 sectors compiled by BSE declined, while seven advanced. S&P BSE Auto and S&P BSE Oil & Gas fell the most. The market breadth was skewed in the favour of the buyers. About 1,861 stocks rose, 1,786 declined, while 179 remained unchanged on the BSE..Promoters sold 0.99% stake via open market.Selling promoters were Ambadi Enterprises, Murugappa and Sons.Source: Exchange filing.CASA ratio as on Sept. 30 at 39.4% vs 39.9% quarter-on-quarter.Total deposits as on Sept. 30 at Rs 3,59,819 crore, up 4% quarter-on-quarter.Net advances as on Sept. 30 at Rs 3,14,928 crore, up 5% quarter-on-quarter.Source: Exchange Filing.NMDC September UpdateTotal production at 3 million tons vs 2.73 million tons YoY.Total sales at 3.11 million tons vs 2.91 million tons YoY.Source: Exchange Filing.Made in India whisky 'The Indri' produced by Piccadily Agro Industries Ltd. won the best whisky brand in the world by Whiskies of the World Awards.It won the 'Double Gold Best In Show' award in one of the largest whisky-tasting competitions in the world. The shares were locked in 20% upper circuit as of 11:00 a.m..Received three orders worth Rs 4,205.94 crore in September.Order worth Rs 819.20 crore related to water division.Order worth Rs 173.19 crore related to electrical division.Order worth Rs 3,213.55 crore related to transportation division.Source: Exchange filing.Total sales fall 4% to 78,580 units. Sales of models with engine capacity up to 350cc fall 5% to 70,345 units. Sales of models with engine capacity exceeding 350cc rise 4% to 8,235 units. Exports fall 49% to 4,319 units. Source: Exchange filing.S&P Global India September manufacturing PMI at 57.5, lowest in five months.It was at 58.6 in August. Source: S&P Global Press Release.Increases price of iron ore lump by Rs 250 to Rs 5,200 per tonne.Increases price of iron ore fines by Rs 250 to Rs 4,460 per tonne.Source: Exchange Filing.Jefferies has upgraded its rating of Mahanagar Gas Ltd. to a 'Buy' on the back of strong earnings visibility from the second half of FY 2024 through FY 25. The brokerage has also revised its target price for the company upwards to Rs 1320, which is 28.4% upside to the stock's previous closing price of Rs 1028.Jefferies believes that Mahanagar Gas' recent original equipment manufacturer partnerships will aid volume growth going forward and the lower high pressure and high temperature gas costs provide strong margin outlook.The brokerage has raised the city gas distributor's FY24 and FY25 earnings estimates by 6% and 27%, respectively. It also mentions that the risk-reward balance is favorable because of the healthy 4% dividend yield and the valuation, which stands at 10 times the forward price-to-earnings ratio, is lower than the five-year historical average..L&T Construction secures large order for transportation infrastructure business. Order for construction of 4.5 kilometer bridge connecting Dahisar and Bhayander.Order received from Municipal Corporation of Greater Mumbai.Alert: Larsen & Toubro classifies orders worth Rs 2500 to 5000 as large.Source: Exchange Filing.Manoj Vaibhav Gems N Jewellers lists at Rs 215 apiece on both NSE & BSE. Source: Exchanges.JSW Infrastructure lists at Rs 143 apiece on both NSE & BSE vs issue price of Rs 119 per share.Source: Exchanges.Shares of ONGC Ltd. and Oil India Ltd. fell after the Ministry of Petroleum and Natural Gas hiked the domestic natural gas prices by 7% as on Sept. 30, 2023. This is the third consecutive hike by the ministry. Since the nomination field of ONGC Ltd. and Oil India Ltd. have a ceiling of $6.50/mmBtu, the hike could impact the pricing of transport fuel like CNG and PNG used by residential consumers. .Shares of ONGC Ltd. fell as much as 4.14% to Rs 183.90 apiece, the most in a single day since Sept. 12, 2023, before paring losses to trade 3.54% lower at Rs 185.05 apiece as of 10:07 a.m. This compares to a 0.79% decline in the NSE Nifty 50.It has risen 26.1% on a year-to-date basis.Out of the 17 analysts tracking the company, 14 maintain a 'buy' rating, none recommend a 'hold,' and three suggest a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a upside of 6.1%..The scrip fell as much as 3.16% to Rs 289.40 apiece, the most in a single day since Sept. 12, 2023, before paring losses to trade 2.54% lower at Rs 185.05 apiece as of 10:08 a.m. This compares to a 0.78% decline in the NSE Nifty 50.It has risen 40% on a year-to-date basis. Out of the 27 analysts tracking the company, 19 maintain a 'buy' rating, four recommend a 'hold,' and four suggest a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a upside of 5.5%..Shares of Kalpataru Projects International Ltd. the most in nine weeks after it bagged power transmission and distribution orders worth Rs 552 crore in Indian and overseas markets, and buildings and factories business orders worth Rs 464 crore in India, as per its exchange filings. The scrip rose as much as 7.28% to Rs 677.50 apiece, the highest single day jump since July 27, 2023, before paring gains to trade 6.18% higher at Rs 670.55 apiece as of 9:31 a.m. This compares to a 0.53% decline in the NSE Nifty 50.It has risen 20% on a year-to-date basis. Total traded volume so far in the day stood at 50 times its 30-day average. The relative strength index was at 61.Out of the 16 analysts tracking the company, 14 maintain a 'buy' rating, two recommend a 'hold,' and none suggest 'a'sell,' according to Bloomberg data. The average 12-month consensus price target implies a upside of 12.5%..The broader market indices opened mixed; the S&P BSE MidCap Index was down 0.33%, whereas S&P BSE SmallCap Index was also 0.18% higher.Seventeen out of the 20 sectors compiled by BSE declined, while three advanced. S&P BSE Oil & Gas and S&P BSE Metal fell the most. The market breadth was skewed in the favour of the buyers. About 1,432 stocks rose, 1,084 declined, while 174 remained unchanged on the BSE..India's benchmark stock indices opened lower on Monday after ending the week down on Friday. At pre-open, the S&P BSE Sensex was down 2 points, or 0%, at 65,826.35 while the NSE Nifty 50 was 16 points or 0.08% lower at 19,622.40.Shares declined in Asia after hawkish signaling from the Federal Reserve fueled a volatile session for the S&P 500.Japanese and Australian stocks fell. Shares also fell at the open in Hong Kong as trading resumed after a holiday. U.S. stocks were little changed. China is in the midst of a week-long holiday.Energy and financial stocks sold off Monday, erasing gains for the year in the S&P/Toronto Stock Exchange Composite Index. The tech-heavy Nasdaq 100 defied the negative sentiment, ending the day 0.8% higher, buoyed by firms including Microsoft Corp., Apple Inc. and Nvidia Corp..At pre-open, the S&P BSE Sensex was down 2 points, or 0%, at 65,826.35 while the NSE Nifty 50 was 16 points or 0.08% lower at 19,622.40.Source: Bloomberg.The yield on the 10-year bond opened 2 bps higher at 7.24% on Tuesday.It closed at 7.22% on Friday.Source: Bloomberg.The local currency weakened 17 paise to open at Rs 83.21 against the U.S dollar on Tuesday.It closed at 83.04 on Friday.Source: Bloomberg.U.S. Dollar Index at 107.1U.S. 10-year bond yield at 4.68%Brent crude down 0.77% at $90.01 per barrel Nymex crude down 0.78% at $88.13 per barrel GIFT Nifty was down 32 points or 0.16% at 19,581.5 as of 8:05 a.m. Bitcoin down 1.05% at $27,550.36.Bonds Decline In Asia After Slide In Treasuries: Markets Wrap.Move Into Short-term ASM framework: Tata Investment Corp..Shriram General To Diversify Product Portfolio This Fiscal, Says Top Official.Nifty October futures ended at 19,714, a premium of 76.9 points.Nifty October futures rose 0.39%, with 1,87,620 shares in open interest.Nifty Bank October futures ended at 44,865, a premium of 259.45 points.Nifty Bank October futures rose 0.58%, with 1,40,289 shares in open interest.Securities in the ban period: Nil..Mumbai-Bound Akasa Air Flight Delayed 5 Hours Due To Security Alert.Authum Investment & Infrastructure: Promoter Mentor Capital bought 52 lakh shares on Sept. 29.Aurobindo Pharma: Promoter Kambam Kirthi Reddy created a pledge of 12 lakh shares on Sept. 29.Ajanta Pharma: Promoter Ravi Agrawal revoked a pledge for 2.5 lakh shares on Sept. 29..Google To Make Laptops In India In Win For Modi’s Tech Push.Aurobindo Pharma: Promoter Kambam Kirthi Reddy created a pledge of 12 lakh shares on Sept. 29.Ajanta Pharma: Promoter Ravi Agrawal revoked a pledge for 2.5 lakh shares on Sept. 29..Adani Energy Commissions Mumbai's Khargar-Vikhroli Transmission Line.Authum Investment & Infrastructure: Mentor Capital bought 52 lakh shares (3.06%) and Nariman Investment Holding sold 52 lakh shares (3.06%) at Rs 398.7 apiece..India’s Unemployment Rate Declines To 1-Year Low In September.Tube Investments of India: SBI Mutual Fund bought 12 lakh shares (0.62%) at Rs 2,900 apiece, and Ambadi Enterprises sold 10.6 lakh shares at Rs 2,904.6 apiece..SEBI Extends Timeline For Market Rumours Verification By Listed Companies.Valiant Laboratories: The IPO was subscribed 2.19 times on its third day. The bids were led by retail investors (3.14 times), non-institutional investors (1.52 times), and institutional investors (1.04 times).Plaza Wires: The IPO was subscribed 4.72 times on its first day. The bids were led by retail investors (26.80) and non-institutional investors (4.77). The issue received zero bids from institutional investors..Duo Wins Medicine Nobel for Research That Enabled Covid Vaccines.JSW Infrastructure: The shares will debut on the stock exchanges on Tuesday at an issue price of Rs 119 apiece. The Rs 2,800 crore IPO was subscribed 37.37 times on its final day, led by institutional investors (57.09 times), non-institutional investors (15.99 times), and retail investors (10.31 times).Manoj Vaibhav Gems ‘n’ Jewellers: The shares will debut on the stock exchanges on Tuesday at an issue price of Rs 215 apiece. The Rs 270.20 crore IPO was subscribed 2.25 times on its final day, led by non-institutional investors (5.18 times), retail investors (1.66 times), and institutional investors (1.06 times)..UPI Transactions Cross 10 Billion Mark For Second Month In September .HDFC Bank: The lender approved the appointment of Rakesh Kumar Rajput as Chief Compliance Officer for 3 years effective Oct. 1.Maruti Suzuki: The carmaker received a GST demand notice for Rs 139.3 crore.Cipla: The drugmaker divested a 51% stake in Saba Investment, UAE, for a consideration of $6 million. Saba and its subsidiaries, viz., Cipla Middle East Pharmaceuticals FZ LLC, UAE, and Cipla Medica Pharmaceutical and Chemical Industries, Yemen, have ceased to be subsidiaries of the company.Vedanta: The conglomerate announced the demerger of businesses into six listed companies. The company will demerge businesses into aluminium, oil and gas, power, steel, and metal companies. For every share held in a company, shareholders get one share of each of the five newly listed companies. The process is expected to be completed by September 2024.Adani Total Gas: Nominee Director of TotalEnergies, Ahlem Friga-Noy, resigned w.e.f. Sept. 30 due to the restructuring of directorships and nominees of TotalEnergies Group in India.Hero MotoCorp: The two-wheeler maker will increase the prices of select motorcycles and scooters by around 1% starting Oct. 3. The exact quantum of increase varies by specific models and markets.Indus Tower: The company entered into a pact with IOC Phinergy for the deployment of 300 energy systems.RVNL: The company won a Rs 1,097 crore order for infrastructural development in Himachal Pradesh from the HP State Electricity Board.Kirloskar Industries: The company has acquired a 100% shareholding in Oliver Engineering for Rs 9 crore.Kalpataru Projects International: The company bagged power transmission and distribution orders worth Rs 552 crore in Indian and overseas markets, and buildings and factories business orders worth Rs 464 crore in India.Eris Lifesciences: The company entered into a term loan agreement of Rs 212 crore with HDFC Bank.Astrazeneca: Rajesh Marwaha has retired as CFO, and Bhavana Agrawal will take over the role on Oct. 1.RITES, CARE Ratings: The companies signed an MoU to explore consultancy work and collaborate on providing ESG consultancy services.Suven Pharma: Advent International announced the completion of the acquisition of Suven Pharma.Lemon Tree Hotels: The company signed a franchise agreement for an upcoming hotel in Somnath, Gujarat, which is expected to become operational in FY25.Karnataka Bank: The bank enabled payment of GST through multiple modes of collection.RBL Bank: The lender approved the appointment of Buvanesh Tharashankar as Chief Financial Officer, effective Sept. 29.HUDCO: The company appointed Nishi Rani as chief compliant officer with effect from Sept. 29.KPIT Technologies: The company completed the acquisition of Future Mobility Solutions GmbH with a payment of €8.199 million for the final tranche. The company acquired a 25% shareholding in 2021 and the remaining 75% over a six-month period beginning April 1, 2023, for a total consideration of €15.9 million.ZEE: Wholly owned step-down subsidiary Zee UK Max is incorporated in the U.K. with an initial share capital of £25,000.KFinTech: The company entered into a contract with Bank of Ayudhya Public Co. to offer fund administration and investment management solutions..Dunzo Co-Founder Dalvir Suri To Exit Embattled Startup.Shares declined in Asia after hawkish signals from key officials of the U.S. Federal Reserve fueled a volatile session for the S&P 500.Japanese and Australian stocks fell. Shares also fell at the open in Hong Kong as trading resumed after a holiday. U.S. stocks were little changed. China is in the midst of a week-long holiday.Energy and financial stocks sold off Monday, erasing gains for the year in the S&P/Toronto Stock Exchange Composite Index. The tech-heavy Nasdaq 100 defied the negative sentiment, ending the day 0.8% higher, buoyed by firms including Microsoft Corp., Apple Inc., and Nvidia Corp.Brent crude prices were trading above $90 a barrel, and WTI crude was above the $88 mark. The yield on the 10-year U.S. bond was trading at 4.58%, and Bitcoin was above the $27,000 level.At 8:05 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was down 32 points, or 0.16%, at 19,581.5.On Friday, gains in ICICI Bank Ltd. and NTPC Ltd. helped India's benchmark stock indices close higher. Pharma, metals, and media sectors led the advances that helped Nifty close above the 19,600 level and Sensex above the 65,800 mark.However, on a weekly basis, the indices capped some losses to end lower for the second week in a row.Overseas investors remained net sellers of Indian equities for the ninth consecutive session on Friday. Foreign portfolio investors sold Indian equities worth Rs 1,685.7 crore, according to provisional data from the NSE. Domestic institutional investors remained net buyers and mopped up stocks worth Rs 2,751.5 crore.The Indian rupee strengthened 15 paise to close at Rs 83.04 against the U.S. dollar on Friday..Stock Market Today: All You Need To Know Going Into Trade On Oct. 3