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Benchmarks gains over 1% for the week; ends near 24,900
Shriram Finance and Tata motors gains the most in Nifty
Nifty gains over 300 points from the weekly lows
Nifty PSU banks gain the most; gains 4% for the week
All sectoral indices gain higher for the week
Nifty PSU Bank and Metal gain over 4% for the week
India Bank and Bank of India gains the most in Nifty PSU Bank
National Aluminium gain over 10% for the week; best performer in Nifty Metal
National Aluminium, Hindustan Zinc and Hindustan Copper gains the most in Nifty Metals
Bechmark closed higher for the 2nd consecutive day; underperforms broder market indices
Nifty close near 24,900; ends higher for the 2nd day in a row
Tata Steel and Power Grid gains the most in Nifty
Nifty Midcap 150 gains higher for the day; gains for the 4th consecutive day
Mangalore Refinery and Lloyds Metals gain the most in Nifty Midcap 150
Nifty small cap 250 gains for the 4th consecutive day; Aegis Logistics Netweb Tech gains the most
Nifty oil an gas , Nifty Realty, Nifty energy, Nifty pharma ,Nifty IT , NIFTY FMCG , NIFTY MEDIA gains for second day in a row
Nifty Auto snaps its two day wining streak
Nifty metal, nifty bank, nifty financials gains for fourth consecutive day
Bechmark closed higher for the 2nd consecutive day; underperforms broder market indices
Nifty close near 24,900; ends higher for the 2nd day in a row
Tata Steel and Power Grid gains the most in Nifty
Nifty Midcap 150 gains higher for the day; gains for the 4th consecutive day
Mangalore Refinery and Lloyds Metals gain the most in Nifty Midcap 150
Nifty small cap 250 gains for the 4th consecutive day; Aegis Logistics Netweb Tech gains the most
Nifty oil an gas , Nifty Realty, Nifty energy, Nifty pharma ,Nifty IT , NIFTY FMCG , NIFTY MEDIA gains for second day in a row
Nifty Auto snaps its two day wining streak
Nifty metal, nifty bank, nifty financials gains for fourth consecutive day
The yield on the 10-year bond closed flat at 6.51%
Source: Bloomberg
Rupee closed 9 paise weaker at 88.78 against the greenback, according to Bloomberg.
It closed at 88.69 a dollar on Wednesday.
Source: Bloomberg
The gains of the Nifty 50 as of 3:20 p.m., were lead by the Tata Steel and Power Grid Counter which was over 3%. The names like Hindalco, L&T and Kotak Mahindra Bank were also in the green.
The names dragging the index is primarily Max Healthcare that saw the deepest losses among the lot. Counters like Coal India and Eicher Motors were also in the red.
The gains of the Nifty 50 as of 3:20 p.m., were lead by the Tata Steel and Power Grid Counter which was over 3%. The names like Hindalco, L&T and Kotak Mahindra Bank were also in the green.
The names dragging the index is primarily Max Healthcare that saw the deepest losses among the lot. Counters like Coal India and Eicher Motors were also in the red.
Counters that are buzzing it terms of volume today are names like Tata Steel, Power Grid, Bharat Electronics and HDFC Bank.
Tata Steel is trading about 3% higher at Rs 173 as of 3:00 p.m. While Power Grid was also nearly 3% up at Rs 288 apiece on the NSE.
Shares of most defence stocks were trading higher on Friday. Astra Microwave was up nearly 13%.
Shares of most defence stocks were trading higher on Friday. Astra Microwave was up nearly 13%.
WeWork India Management IPO is seeing a muted start to its IPO on the first day. The issue is subscribed 3% as of 2:15 p.m.
Retail investor bids account for 12% of the alloted portion.
The shares of Atlantaa Ltd., were locked in upper circuit for the second straight session after the company bagged a Rs 2,485 crore contract from IRCON International Ltd.
According to an exchange filing on 30 Sept. the order is pertaining the construction of Bhandara - Gadchiroli Access Controlled Expressway in the state on EPC mode.
The shares of Atlantaa Ltd., were locked in upper circuit for the second straight session after the company bagged a Rs 2,485 crore contract from IRCON International Ltd.
According to an exchange filing on 30 Sept. the order is pertaining the construction of Bhandara - Gadchiroli Access Controlled Expressway in the state on EPC mode.
Advance AgrThe shares of Atlantaa Ltd., were locked in upper circuit for the second straight session after the company bagged a Rs 2,485 crore contract from IRCON International Ltd.
According to an exchange filing on 30 Sept. the order is pertaining the construction of Bhandara - Gadchiroli Access Controlled Expressway in the state on EPC mode.olife Ltd.’s initial public offering (IPO), which opened on September 30, is scheduled to close for subscription today.
The Jaipur-based agrochemical products manufacturing company distributes a variety of agrochemicals such as insecticides, fungicides, herbicides and plant growth regulators.
The IPO has been booked 9.17 times as of 12:01 p.m. on Friday, with investors subscribing to 12,38,19,900 shares against the 1,35,09,004 shares on offer.
Total business as on Sept 30 rose 11.5% at Rs 1.02 lakh crore.
Total Advances as on Sept 30 up 10.5% at Rs 46,996 crore.
Total Deposits as on Sept 30 up 12.3% at Rs 55,421 crore.
CASA as on Sept 30 up 9.3% at Rs 15,163 crore.
Total business as on Sept 30 rose 11.5% at Rs 1.02 lakh crore.
Total Advances as on Sept 30 up 10.5% at Rs 46,996 crore.
Total Deposits as on Sept 30 up 12.3% at Rs 55,421 crore.
CASA as on Sept 30 up 9.3% at Rs 15,163 crore.
The Nifyty 50 was led by gains marked by Tata Steel, Hindalco, JSW Steel, and Kotak Mahindra Bank. Tata Steel logged gains of over 4% as of 11:51 a.m.
The index was drgged by Max Health, which declined over 4% and SBI Life that marked over 1% decline.
The Nifyty 50 was led by gains marked by Tata Steel, Hindalco, JSW Steel, and Kotak Mahindra Bank. Tata Steel logged gains of over 4% as of 11:51 a.m.
The index was drgged by Max Health, which declined over 4% and SBI Life that marked over 1% decline.
The Reserve Bank of India has opened the doors towards acquisition financing for domestic banks lending to Indian corporates. The move was preluded by a bevy of bankers seeking a free hand.
The regulatory easing on acquisition financing was likely owing to the intense competition posed by private credit players, according to a person with direct knowledge of the matter.
Read the full story below:
Morgan Stanley believes investors are overlooking a major shift in India’s growth cycle, arguing that both earnings and market peaks lie ahead.
Reflecting this view, the brokerage has reoriented its portfolio strategy, tilting toward domestic cyclicals over defensives and export-driven sectors, and moving to an overweight position on financials, consumer discretionary, and industrials.
The shares of Tata Investment Corp., surged over 9% in trade to Rs 11,606. The scrip had risen as much as 11.9% to Rs 11,847 apiece during trade so far. These gains compare to a 0.15% decline in the Nifty 50 as of 10:53 a.m.
The shares of Tata Investment Corp., surged over 9% in trade to Rs 11,606. The scrip had risen as much as 11.9% to Rs 11,847 apiece during trade so far. These gains compare to a 0.15% decline in the Nifty 50 as of 10:53 a.m.
WeWork India Management Ltd.'s initial public offering opened for investors to bid on Friday and was 0.01 times as of 10:31 a.m.
The company aims to raise Rs 3,000 crore through the sale of equity. The IPO opens on Oct. 3 and closes on Oct. 7. The price band for the IPO is set between Rs 615 and Rs 648 per share.
Shares of Shriram finance fell over 1% in trade so far to Rs 638.9 apiece on the NSE. The decline compares to the 0.16% decline in the benchmark index as of 10:23 a.m.
Shares of Shriram finance fell over 1% in trade so far to Rs 638.9 apiece on the NSE. The decline compares to the 0.16% decline in the benchmark index as of 10:23 a.m.
Share price of Bharat Electronics Ltd., rose as much as 1.80% in trade so far to Rs 413.8. The gains compared to a 0.16% decline in the benchmark index Nifty 50.
Share price of Bharat Electronics Ltd., rose as much as 1.80% in trade so far to Rs 413.8. The gains compared to a 0.16% decline in the benchmark index Nifty 50.
Jinkushal Industries Ltd. made an underwhelming debut on the stock market on Friday, listing flat over its IPO price.
The share price opened at Rs 125 on the NSE and BSE, compared to the issue price of Rs 121.
TruAlt Bioenergy Ltd. made its debut on the stock market at a premium of nearly 11% over its IPO offer on Friday.
The share price opened at Rs 545 on the NSE and Rs 550 on the BSE, compared to the issue price of Rs 496.
The shares of V-Mart rose nearly 5% in trade to Rs 761 after the company's second quarter revenue rose 22% year-on-year to Rs 807 crore. This was supported by 11% same-store sales growth and 25 new stores.
The 4.84% gains compare to a 0.09% decline in the benchmark index Nifty 50 as of 9:53 a.m.
The shares of V-Mart rose nearly 5% in trade to Rs 761 after the company's second quarter revenue rose 22% year-on-year to Rs 807 crore. This was supported by 11% same-store sales growth and 25 new stores.
The 4.84% gains compare to a 0.09% decline in the benchmark index Nifty 50 as of 9:53 a.m.
Sammaan Capital Ltd. share price fell nearly 5% during early trade on Friday amid high trading volume after key corporate updates.
Avenir Investment RSC, an affiliate of Abu Dhabi-based International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for nearly $1 billion (Rs 8,850 crore), the non-banking financial company said in a regulatory filing to the stock exchanges on Thursday.
Tata Motors shares have risen over 1% in trade so far to Rs 735.4 apiece on the NSE. The gain compares to 0.24% decline in the Nifty 50.
This comes after the company reported its highest-ever monthly passenger vehicle sales at 60,907 units in September, marking a 47% year-on-year surge. The growth was driven by the rollout of GST 2.0 and festive demand during Navratri.
In September 2024, the automaker had clocked wholesales of 41,313 units. In the domestic market, dispatches to dealers jumped 45% to 59,667 units from 41,063 units in the year-ago period, the company said in a statement.
Tata Motors shares have risen over 1% in trade so far to Rs 735.4 apiece on the NSE. The gain compares to 0.24% decline in the Nifty 50.
This comes after the company reported its highest-ever monthly passenger vehicle sales at 60,907 units in September, marking a 47% year-on-year surge. The growth was driven by the rollout of GST 2.0 and festive demand during Navratri.
In September 2024, the automaker had clocked wholesales of 41,313 units. In the domestic market, dispatches to dealers jumped 45% to 59,667 units from 41,063 units in the year-ago period, the company said in a statement.
India Defence stocks trade in the green after Multinational investment firm, Goldman Sachs initiates coverage on eight players, placing bullish share price targets on all but one.
In the report, analysts Amit Dixit and Kumari Rishika, have said that their picks are beneficiaries of three key themes: increase in the estimated domestic defence market share potential by more than sixfold to Rs 10 lakh crore over the next 20 years.
The index was trading nearly a percent higher, outperforming the Nifty 50 which was down 0.20% as of 9:26 a.m.
India Defence stocks trade in the green after Multinational investment firm, Goldman Sachs initiates coverage on eight players, placing bullish share price targets on all but one.
In the report, analysts Amit Dixit and Kumari Rishika, have said that their picks are beneficiaries of three key themes: increase in the estimated domestic defence market share potential by more than sixfold to Rs 10 lakh crore over the next 20 years.
The index was trading nearly a percent higher, outperforming the Nifty 50 which was down 0.20% as of 9:26 a.m.
The shares of Samman Capital were trading lower at Rs 166 apiece on the NSE. The 1.74% decline compares to a 0.20% fall in the benchmark index Nifty 50 as of 9:22 a.m.
The shares of Samman Capital were trading lower at Rs 166 apiece on the NSE. The 1.74% decline compares to a 0.20% fall in the benchmark index Nifty 50 as of 9:22 a.m.
The bencmark indicies on Friday opened lower with Nifty holding the 24,800 mark and the Sensex shedding nearly 300 points at open.
The bencmark indicies on Friday opened lower with Nifty holding the 24,800 mark and the Sensex shedding nearly 300 points at open.
Nifty October Futures up by 0.83% to 24,967 at a premium of 131 points.
Nifty October futures open interest up by 0.89%
Nifty Options 7 October Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24700
Securities in Ban Period: RBL Bank, Sammaan Capital.
Nifty October Futures up by 0.83% to 24,967 at a premium of 131 points.
Nifty October futures open interest up by 0.89%
Nifty Options 7 October Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24700
Securities in Ban Period: RBL Bank, Sammaan Capital.
Nifty 50 near 24,700 at pre-open while the Sensex was down over 150 points as of 9:06 a.m.
The yield on the 10-year bond opened higher at 6.50%
Source: Bloomberg
Rupee opened 2 paise stronger at 88.67 against the greenback, according to Bloomberg.
It closed at 88.69 a dollar on Wednesday.
Source: Bloomberg
The Nifty 50 index continues to consolidate within a newly defined range, with no change in outlook, according to the latest technical note by CLSA’s Laurence Balanco. The index is currently trading between 24,337–24,432 on the lower end and 25,448–25,669 on the upper end, reflecting a pause in momentum following the breakout from the February–April double-bottom pattern.
Oil was on track for the biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply. Brent traded near $64 a barrel, down around 8% for the week, while West Texas Intermediate was below $61.
Gold prices headed for a seventh weekly advance, as the US government shutdown added another layer of uncertainty for investors seeking signals on the Federal Reserve’s monetary-easing path. Bullion held near $3,860 an ounce.
Asian stock markets rose at the open on Friday, poised for their fourth gain in five weeks, as optimism around artificial intelligence propelled global equities to fresh records, Bloomberg reported.
Nikkei up 1.6%
Kospi up 2.7%
S&P/ASX 200 up 0.3%
Hang Seng down 0.5%
US technology shares rallied, defying weakness in other parts of the stock market, after an OpenAI share sale valued the artificial intelligence company at $500 billion.
The Nasdaq 100 rose 0.4% in its fourth consecutive day of gains. The S&P 500 gained 0.1% while Dow Jones Industrial Average up 0.2%.
Avenir Investment RSC, an affiliate of Abu Dhabi-based International Holding Company, has agreed to purchase a 43.46% stake in Sammaan Capital for nearly $1 billion (Rs 8,850 crore), the non-banking financial company said in a regulatory filing to the stock exchanges on Thursday, Oct. 2.
The NBFC, formerly known as Indiabulls Housing Finance, will be raising the capital by issuing preferential shares to Avenir after getting requisite approval. The investment will see IHC emerge as the new promoter of Sammaan Capital. Jefferies was the sole advisor to Sammaan Capital.
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The GIFT Nifty was trading little changed at 24,945.50 early Friday as of 6:50 a.m., indicating a positive start for the Indian markets.
The benchmark indices on Wednesday snapped their eight-day losing streak and ended in green.
At close, Sensex rose 715.69 points, or 0.89%, to 80,983.31, while Nifty was up 225.20 points, or 0.92%, to 24,836.30. Nifty rose as much as 1.04% during the day to 24,867.95, while Sensex was also up 1% at 81,068.43.
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