Stock Market Today: All You Need To Know Before Going Into Trade On Oct 6

Good Morning!

The Gift Nifty was trading around 22,649.50 level, a premium of nearly 28.70 points from the Nifty futures' previous close indicating positive open for the benchmark Nifty 50. The NSE Nifty 50 and BSE Sensex rose 0.60% and 0.66% respectively. US and European index futures were trading higher during Asian trading hours.

• S&P 500 futures trade 0.66% higher
• Euro Stoxx 50 futures trade 0.04% higher
   

US Market Wrap

The main US stock market indices opened on a mixed note on Monday, with the Dow Jones Industrial Average falling 0.17%, or 90.10 points, while the S&P 500 gained 0.17%, or 13.01 points. The tech-heavy Nasdaq 100 outperformed, rising 0.39%, or 105.28 points. Dow Jones Industrial Average erased losses to settle 0.18% higher at 51,267.90, S&P 500 closed 0.66% higher at 7,773.95, while Nasdaq Composite was up over 1% and closed at 27,477.31. 

The rise came despite climbing treasury yields in the backdrop of volatile global cues. On Monday, the the 10-, and 30-year yields rose at least 7 basis points to 5.34% and 5.7%, respectively, clocking the highest levels since 2002 in the New York session. Shorter-dated Treasuries climbed some 2 to 4 basis points.

Asian Market Wrap

The Asian stock markets traded broadly higher on Tuesday, extending gains from the previous session amid a steady brent crude level and increased oil exports from West Asia.  Japan's Nikkei 225 was up 0.42% to 70,207.65, while the South Korean Kospi was up 0.20% to 7,017.82 as of 9:43 a.m. JST and 9:38 a.m. KST, respectively. Further, the Australian Securities Exchange S&P/ASX 200 rose 0.51% to 8,729.50. Overall, MSCI's Asia Pacific Index edged up 0.1%. 

On Monday, the Nikkei index had registered a sharp jump after the United States posted a weaker-than-expected jobs data, easing bets on an October Federal Reserve rate hike. 

Commodity Check

Gold was steady as traders weighed the impact of a stronger dollar and higher Treasury yields on the Federal Reserve's path for interest rates.
Spot bullion traded near $4,140 an ounce. Spot gold was little changed at $4,139.06 an ounce at 7.30 a.m. in Singapore. Silver was steady at $61.05 an ounce. Platinum edged lower, while palladium rose marginally, according to Bloomberg.

Copper gained alongside US stocks as a rally in technology companies outweighed surging bond yields and concerns over Europe's deepening fiscal strains.
The metal rose as much as 1.3% on the London Metal Exchange, extending an advance that began after Friday's weaker-than-expected US employment report tempered expectations for further Federal Reserve rate hikes. Copper on the LME settled 1.1% higher at $14,420 a ton. Other main metals edged higher, with aluminum and zinc closing 0.9% higher, according to Bloomberg.

Oil steadied after losing almost 2% as rising Persian Gulf exports and a price cut by Saudi Arabia pointed to a loosening market. Crude oil prices traded little changed as exports from West Asia saw a rise. Global benchmark Brent Crude traded little changed at $100.35 per barrel, while West Texas Intermediate cooled off a bit to trade 0.20% lower at $89.25 per barrel.

Stock Market Recap

The Indian stock market ended higher on Monday, following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting. The Sensex rallied 472.77 points, or 0.66%, to close at 72,382.47, while the Nifty 50 settled 133.80 points, or 0.60%, higher at 22,555.75. 

ALSO READ: Buy, Sell Or Hold: Canara Bank, NTPC, Suzlon Energy, BHEL, HDFC Bank And Godrej Consumer — Ask Profit

Results To Watch

• Karamtara Engineering
• Kanohar Electricals
• Glass Wall Systems
• Asset Reconstruction Company

Earnings

Steamhouse India Q1 (QoQ)

Revenue down 7.1% to Rs 128.6 crore
EBITDA up 17% to Rs 30.9 crore
EBITDA margin at 24% versus 19.1%
Net profit up 29.8% to Rs 18.3 crore

LCC Projects Q1 (YoY)

Revenue down 15.1% to Rs 802.6 crore
EBITDA down 6.4% to Rs 119.5 crore
EBITDA margin at 14.9% versus 13.5%
Net profit down 17.1% to Rs 63.7 crore

Business Updates

Hi-Tech Pipes: Q2 sales volume up 32% YoY to 1.65 lakh MT.

Kotak Mahindra Bank: Q2 total average deposits up 18.8% YoY to Rs 6.06 lakh crore; net average advances up 22.1% YoY to Rs 5.47 lakh crore; average CASA up 14.2% YoY to Rs 2.26 lakh crore.

Metropolis Health: Q2 revenue up 15% YoY, driven by double-digit growth in patient and test volumes. TruHealth Wellness and Specialty segments emerge as fastest-growing businesses. EBITDA margin improves YoY and QoQ.

Trent: Q2 standalone revenue up 23% YoY to Rs 5,788 crore. Added 10 Westside and 11 Zudio stores during Q2. Total store count at 1,342 as of Sept. 30.

Godrej Consumer Products: Expects another strong quarter in Q2. Consolidated revenue growth seen in high teens; consolidated volume growth in high single digits; consolidated EBITDA growth in double digits. Standalone revenue growth seen in teens.

Axis Bank: Q2 gross advances up 22.7% YoY to Rs 13.85 lakh crore; total deposits up 20.7% YoY to Rs 14.52 lakh crore. Mobilised FCNR-B deposits worth Rs 1.01 lakh crore.

IndusInd Bank: Q2 net advances up 11.2% YoY to Rs 3.62 lakh crore; deposits up 10.1% YoY to Rs 4.29 lakh crore. Mobilised FCNR-B deposits worth Rs 33,627 crore.

AWL Agri Business: Q2 volume growth up 12% YoY; revenue growth up 24% YoY. Food and FMCG revenue growth up 33% YoY. Wheat and rice businesses delivered robust growth. Edible oil volumes up 3% YoY; Industry Essentials volumes up 25% YoY.

Stocks In News

• Sai Parenterals: Completes acquisition of R&D facility of Prathyath Laboratories.
• Laser Power: Receives Rs 73 crore HTLS reconductoring order from Power Grid.
• IIFL Finance: Approves allotment of 4,650 NCDs worth Rs 46.5 crore.
• Axis Bank: Sanjeev Moghe resigns as Group Head, Branch Banking South, effective Oct. 30.
• Narayana Hrudayalaya: Enters operations and management agreement with Mission of Mercy Hospital & Research Centre; Girinagar Hospital, Bengaluru, commences commercial operations.
• Nazara Technologies: Arm Fusebox Games launches The Traitors: Interactive Game on iOS and Android.
• Maithan Alloys: Acquires 0.17% stake in HFCL for Rs 60 crore.
• Relaxo Footwears: Executes renewable energy supply agreements with Clean Max MUOI and Clean Max Enviro.
• Nelcast: Approves setting up machining division with investment of Rs 75 crore.
• Jeena Sikho Lifecare: Launches eight ayurvedic healthcare and wellness products.
• PVP Ventures: MCA approves name change to Evervie Health, effective Oct. 5.
• KPI Green Energy: Incorporates subsidiary KPGC Three.
• Amber Enterprises: Arm IL JIN files insurance claim of Rs 38.28 crore following fire incident; receives Rs 10 crore interim payment.
• Juniper Hotels: Signs binding MoU with Imagicaaworld Entertainment to acquire Khopoli hotel for Rs 248 crore.
• Sunteck Realty: Acquires 4.5-acre land parcel in Borivali West, Mumbai.
• Windsor Machines: Appoints Mohan Ramachandran as Whole-Time Director and CEO.
• JSW Energy: Adds 1,694 MW capacity since April; total installed capacity rises to 15.1 GW.
• BGR Energy Systems: Signs master restructuring agreement with National Asset Reconstruction Co; outstanding debt at Rs 3,736 crore.
• Schaeffler India: Expects exports to remain at 15%-20% of revenue as domestic business continues growing 14%-15%.
• Asian Hotels (North): Appoints Sunil Upadhyay as Chief Financial Officer.
• Marico: Acquires additional 24% stake in Satiya Nutraceuticals for Rs 1,012 crore; stake rises to 84.09%. To acquire remaining 14.1% stake in July 2027.
• ACME Solar: Arm ACME Renewtech commissions additional 66.68 MW solar capacity at Bikaner; commissioned capacity reaches 133.36 MW of 300 MW hybrid project.
• Fredun Pharma: Allots 1.82 lakh equity shares on warrant conversion; 60,800 warrants converted.
• Zydus Lifesciences: Partners with MSN to launch Riociguat Tablets in the US for treatment of recurrent CTEPH.
• HLE Glascoat: Arm Thaletec GmbH transfers 100% stake in step-down subsidiary HLE Surface to HLE International.
• IREDA: Signs Performance MoU with MNRE for FY2026-27.

IPO Update

Nityas Gems IPO - Day 3

• Overall: 2.25x
• QIB: 1.06x
• NII: 2.05x
• Retail: 4.04x

Vishal Nirmiti IPO - Day 3

• Overall: 1.71x
• QIB: 1.27x
• NII: 1.81x
• Retail: 1.67x

IPO Listings

Shah Investor's Home

• IPO subscribed 38.12 times
• Retail: 19.26 times
• QIB (Ex Anchor): 28.05 times
• NII: 95.54 times

SRIT India

• IPO subscribed 125.16 times
• Retail: 63.70 times
• QIB (Ex Anchor): 91.84 times
• NII: 312.99 times

Corporate Actions

• Veranda Learning Solutions: Demerger.
• BLS E-Services: Face value split from Rs 10 per share to Rs 5 per share.

Bulk & Block Deals

• AceVector: IDFC First Bank sold 35.33 lakh shares at Rs 28.32 per share.
• Runwal Enterprises: Ashika Global Finance acquired 16.50 lakh shares at Rs 302.02 per share.
• SG Finserve: Mayank Jain acquired 3.40 lakh shares at Rs 678.23 per share.
• SMC Global Securities: Microcurves Trading sold 37.73 lakh shares at Rs 112.45 per share.

Important AGMs

• Oracle Fin Serv
• VRL Logistics
• Brigade Hotel
• Kirloskar Industries

Shares To Exit Lock-In

6M & Beyond Lock-In

Insider Trade

• Embassy Developments: Promoter and Director Jitendra Virwani acquired 3.49 lakh shares.
• Lords Mark Industries: Promoter and Director Sachidanand H Upadhyay disposed of 89.99 lakh shares.

Additional Surveillance Measure (ASM)

• Short-Term ASM: Augmont Enterprises added to the framework.
• Excluded from ASM: Jaykay Enterprise, KPI Green Energy.

Price Band

• TURTLEMINT FINTECH SOLUTIONS: Price band changed from 10% to 5%.
• D. P. ABHUSHAN: Price band changed from 20% to 10%.
• VERANDA LEARNING SOLUTIONS: Price band changed from 20% to 5%.

F&O Cues

• Nifty October futures up 0.41% at 22,623.70, at a premium of 68 points.
• Nifty options Oct. 6 expiry: Maximum Call open interest at 23,000 and maximum Put open interest at 21,500.
• Securities in ban period: AMBUJACEM, BANDHANBNK, SAIL.

ALSO READ: Trade Setup For Oct 6: Nifty Resistance At 22,600 As Bearish Momentum Pauses

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