← Go back Oct 10, 2023
FPIs Stay Net Sellers For 14th Straight SessionOverseas investors remained net sellers of Indian equities for the 14th consecutive session on Monday.Foreign portfolio investors offloaded stocks worth Rs 997.76 crores, according to provisional data from the National Stock Exchange.Domestic institutional investors remained net buyers for the 12th consecutive session and mopped up equities worth 2,661.27 crore, the NSE data showed. Foreign institutions have been net buyers of Rs 112792 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 S&P BSE Sensex closed down 483 points, or 0.73%, at 65,512.39 while the NSE Nifty 50 was 141 points or 0.72% lower at 19,512.35.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rYield On The 10-Year Bond Ends HigherThe yield on the 10-year bond closed 4 bps higher at 7.38% on Monday.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rRupee Closes At The Lowest Level Against The U.S. Dollar The local currency weakened 2 paise to close at 83.27 against the U.S dollar on Monday. This is the lowest close against the U.S. dollar. It closed at 83.25 on Friday.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r Sensex, Nifty Decline The Most In Over A Week As HDFC Bank, RIL, ICICI Bank Drag: Market WrapIndia's benchmark stock indices declined through Monday as the fear of a wider conflict rose between Israel and Hamas.Banks, media and metal sectors dragged the indices. Nifty was trading below 19,600 level, whereas Sensex slid below 65,600 mark. The indices fell the most in a single day since Sept. 28, 2023.Oil jumped more than 5% as the war between Israel and Hamas escalated. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar.West Texas Intermediate climbed past $87 a barrel while Brent touched $89, intraday as traders braced for a potential escalation that may trigger a supply shock.“Analysts fear that geopolitical tensions could escalate globally amid reports that Iran was involved in planning the attacks. We believe that the surge in crude oil price is likely to be temporary as neither Israel nor Palestine is a major oil supplier and, so far, the conflict has not directly threatened any major oil production or supply facilities. However, if this war prolongs for a longer period then it might affect crude oil price in the short term because the conflict is geographically close to major oil-producing and exporting nations," said Rahul Kalantri, VP Commodities of Mehta Equities Ltd.The S&P BSE Sensex closed down 483 points, or 0.73%, at 65,512.39 while the NSE Nifty 50 was 141 points or 0.72% lower at 19,512.35.Europe’s Stoxx 600 index fell 0.4% and U.S. futures also declined. Gold advanced 1%. Equities fell in mainland China as the market reopened after the Golden Week holiday. Stocks in Hong Kong rose in the afternoon session as trading resumed after a typhoon had shut markets. Japanese and South Korean markets were shut. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rHDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Bajaj Finance Ltd., and Kotak Mahindra Bank Ltd. were negatively adding to the change in the Nifty 50 Index. Whereas, Tata Consultancy Services Ltd., Nestle India Ltd., HCL Technologies Ltd., Hindustan Unilever Ltd., and Dr. Reddy's Laboratories Ltd. were positively contributing to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices underperformed the larger peers; the S&P BSE MidCap Index was down 1.22%, whereas S&P BSE SmallCap Index was also 1.72% lower. All the 20 sectors compiled by BSE declined. S&P BSE Services, S&P BSE Utilities and S&P BSE Power fell the most. The market breadth was skewed in the favour of the sellers. About 990 stocks rose, 2,803 declined, while 136 remained unchanged on the BSE.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r ICICI Prudential Q2FY24 Business Updates Retail weighted received premium at Rs 1,574 crore, up 4.1% YoYNew business premium at Rs 4,359 crore, up 4.4% YoYAnnualized premium equivalent at Rs 2,062 crore, up 3.2% YoYSource: Exchange filingListed Non-Life Insurers Market Share As On Sept 2023ICICI Lombard General Insurance: 8.67%New India Assurance: 13.09%Star Health & Allied Insurance: 4.65%Source: General Insurance Council!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rAll PSU Banking Stocks Decline!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r Delhi Police Lodges FIR Against Pawan Munjal, Others In Hero MotoCorp 'Fake Billing' Case Delhi Police FIR against Pawan Munjal Delhi Police files FIR against Pawan Munjal and others of Hero MotoCorp FIR lodged on complaint of Brains Logistics on 'fake billing' claim worth Rs 5.94 crore Case relates to 'fraud billing' to Brains Logistics during 2009-2010Alert: Brains Logistics was a manpower supplier to Hero MotoCorpSource: First Information ReportStocks Hitting 52-Week High Intraday!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMost European Markets Trade LowerDefence Stocks Decline Led By Ideaforge, GRSE!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMazagon Dock Shipbuilders Down 3% As IPO Lock-In Ends 4.03 crore shares set to exit IPO lock-in period today.Shares to exit IPO lock-in today were entirely held by promoters.Source: RHPAdani Ports And SEZ Says It's Monitoring Ground Action At Haifa Port In IsraelClosely monitoring action on ground which is concentrated in South Israel, whereas Haifa port is situated in the North.Have taken measures to ensure safety of our employees and all of them are safe.Remain fully alert and prepared with business continuity plan that will enable us to respond effectively to any eventuality.Overall contribution of Haifa in APSEZ’s numbers is relatively small at 3% of total cargo volume.Guided Haifa Cargo volumes range of 10-12 MMT for curret financial year.Guided APSEZ’s total cargo volume guidance of 370-390 MMT for current financial year.Source: Media Statement!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rVascon Engineers Gets Rs 262 Crore Order For Constructing Medical College In Chhattisgarh Gets letter of intent worth Rs 262 crore from Chhattisgarh government.Company to plan, design and construct government medical college in Kanker district, Chhattisgarh.Source: Exchange filingNLC India Gets 810 MW Grid Connected Solar Power Project, In Rajasthan Gets grid connected solar photovoltaic power projects of 810 MW.Project at a tariff of Rs 2.64 per unit. Project will offset carbon emissions to the tune of 46,628.56 tonnes.Source: Exchange FilingBrent Crude Continues To Trade Above $87 A Barrel !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Decline As HDFC, RIL Drag; Mid And Small Caps Underperform: Midday Market UpdateIndia's benchmark stock indices opened lower and declined through midday on Monday as the fear of a wider conflict rose between Israel and Hamas.Banks, media and metal sectors dragged and only I.T. stocks were marginaly higher. Nifty was trading below 19,600 level, whereas Sensex slid below 65,600 mark.As of 1:03 p.m., the S&P BSE Sensex was down 486 points, or 0.74%, at 65,509.89 while the NSE Nifty 50 was 149 points or 0.76% lower at 19,505.Oil jumped more than 5% after as the war between Israel and Hamas escalated. Investors shunned traditionally risky assets such as stocks and instead bought gold, bonds and the dollar.West Texas Intermediate climbed past $87 a barrel while Brent touched $89 as traders braced for a potential escalation that may trigger a supply shock. Equities fell in mainland China as the market reopened after the Golden Week holiday. Stocks in Hong Kong rose in the afternoon session as trading resumed after a typhoon had shut markets. The S&P 500 had advanced 1.2% Friday, snapping a four-week losing streak. The Nasdaq 100 jumped 1.7% with large-cap tech names, including Microsoft Corp., Apple Inc. and Nvidia Corp., powering the index higher. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rHDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., State Bank of India, and Larsen & Toubro Ltd. were negatively adding to the change in the Nifty 50 Index. Whereas, Tata Consultancy Services Ltd., HCL Technologies Ltd., Nestle India Ltd., Dr. Reddy's Laboratories Ltd., and Hindustan Unilever Ltd. were positively contributing to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices underperformed the larger peers; the S&P BSE MidCap Index was up 1.34%, whereas S&P BSE SmallCap Index was also 1.63% higher.Eighteen out of the 20 sectors compiled by BSE declined, except S&P BSE Information Technology and S&P BSE Teck. S&P BSE Services, S&P BSE Utilities and S&P BSE Power fell the most. The market breadth was skewed in the favour of the sellers. About 949 stocks rose, 2,703 declined, while 171 remained unchanged on the BSE.JSW Holdings Clarifies On News Report Of Jindal, MG Motor India PlanCompany is not in any discussion for tie-up with Shanghai-based SAIC Motor Corp., MG Motor.Company issues clarification on a media report 'Sajjan Jindal, SAIC set to drive MG Motor in India, finalizes terms of agreement'.Source: Exchange FilingVodafone Idea Moves SC Seeking Reconsideration Of Judgment In AGR Case: NDTV!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rStocks In Focus With Paras Defence & Space Technologies Talking Point: Crude Prices, Earnings Expectations & Consumption Trends Vandana Hari Shares Ramifications Of Israel-Hamas War On Crude Price India Oil Minister, Hardeep Singh Puri Sees Loss Of Demand At Higher Oil Prices :Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPaint, Tyre Company Shares Correct As Crude Price RisePaint and tyre companies decline in trade as crude prices surge over 5% intraday on Monday. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMost I.T. Stocks Advance!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rDelta Corp Shares Jump 5.15%, The Most In Over Two MonthsShares of Delta Corp Ltd. rose as much as 5.15% to Rs 144.85 apiece, most in a single day since July 18. It pared gains to trade 4.21% higher at Rs 143.55 apiece, compared to a 0.45% decline in the benchmark NSE Nifty 50 as of 10:39 a.m. It has fallen 32.5% on a year-to-date basis. The total traded volume so far in the day stood at 1.6 times its 30-day average. The relative strength index was at 29, implying that the stock maybe oversold. One analyst tracking the company maintain a 'buy' rating, according to Bloomberg data. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rRestaurant Brands Asia Approves Availing Rs 150 Crore Term-Loan From Axis BankHindustan Zinc Gets Rs 1.81 Crore Penalty By GST Authority Gets Rs 1.81 crore penalty by GST authority for wrongly availed Input Tax Credit.Source: Exchange FilingRail Vikas Nigam Gets Rs 394.8 Crore Order From Maharashtra Metro Rail Corporation Gets order worth Rs 394.8 crore from Maharashtra Metro Rail Corporation.Gets LoA for design and construction of elevated metro viaduct.Order to be executed within 30 months. Source: Exchange FilingKaynes Technology Surges Over 16% After Inking Pact With Telangana Government For Semiconductor PlantShares of Kaynes Technology India Ltd. hit a record high after it inked a pact with the Telangana government to set up a semiconductor plant in the state for Rs 2,800 crore.The proposed investment is expected to generate direct employment for over 2,000 people, according to the filing.ITE&C and Industries Minister, K T Rama Rao, met Kaynes Managing Director Ramesh Kunhikannan and Chairperson Savitha Ramesh to announce the setting up of the facility in the state.Kaynes Technology To Set Up Rs 2,800- Crore Semiconductor Plant In Telangana Delighted to welcome @Kaynestech for setting up of OSAT & Compound Semiconductor manufacturing facility in Telangana, with an investment of 2800 Cr generating 2000 jobs. Proud moment for Telangana as we now join the league of coveted global destinations that host… pic.twitter.com/2Z8e4DJcJ7— KTR (@KTRBRS) October 6, 2023 The electronics contract manufacturer earlier signed a MoU with the Karnataka government for Rs 3,750 crore to set up a semiconductor assembly and testing facility and a printed circuit board manufacturing plant through the company's step-down subsidiaries.Kaynes Technology Eyes Over 30% CAGR In Revenue For Next Three Years, Says CFOThe scrip rose as much as 16.31% to hit an all-time high at Rs 2,965.60 apiece. It pared gains to trade 3.81% higher at Rs 2,646.95 apiece, compared to a 0.36% decline in the benchmark NSE Nifty 50 as of 10:20 a.m. It has risen 252.47% on a year-to-date basis and 287% since its listing on Nov. 22, 2022. The total traded volume so far in the day stood at 4.1 times its 30-day average. The relative strength index was at 82, implying that the stock maybe overbought.Twelve analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 13.1%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPrestige Estates Projects Hits Record High After Scaling Highest-Ever Sales In H1 FY24Shares of Prestige Estates Projects Ltd. hit a record high after the real estate company reported highest ever sales of Rs 11,007 crore, up 69% year-on-year in the first half of the fiscal 2024. It sold 5,935 units in H1 FY24, as per the exchange filing. It also reported quarterly sales of Rs 7,093 crore, up 102% year-on-year. The company sold 3,659 units and launched five projects in this period. The scrip rose as much as 4.90% to hit an all-time high at Rs 700.95 apiece. It pared gains to trade 1.76% higher at Rs 679.45 apiece, compared to a 0.42% decline in the benchmark NSE Nifty 50 as of 10:09 a.m. It has risen 46.7% on a year-to-date basis. The total traded volume so far in the day stood at 9.5 times its 30-day average. The relative strength index was at 71, implying that the stock maybe overbought.Seventeen out of the 19 analysts tracking the company maintain a 'buy' rating, two recommend a 'hold' and none suggest a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 2.9%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMCX Jumps Over 4% As SEBI Withdraws Abeyance Against Commodity Derivatives PlatformShares of Multi Commodity Exchange of India Ltd. advanced as the Securities and Exchange Board of India allowed it go live with its proposed Commodity Derivatives Platform, the company said in an exchange filing on Sunday."SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed Go-Live of CDP in abeyance," the filing read.Multi Commodity Exchange Clearing Corporation Ltd., or MCXCCL, is a clearing corporation in the commodity derivatives market.On Sept. 29, the markets regulator had asked MCX to delay the launch of the Commodity Derivatives Platform, which was scheduled to go live by Oct. 3.The abeyance order came in the light of the fact that the matter involves technical issues and would be taken up by the SEBI Technical Advisory Committee for discussion, MCX had told exchanges last month.SEBI had asked MCX and MCXCCL to furnish detailed comments on the issues raised by Chennai Financial Markets and Accountability on CDP by Oct. 3. In the meantime, MCX continued CDP mock tests, awaiting SEBI's permission to go live.SEBI Withdraws Abeyance Order Against MCX Commodity Derivatives PlatformThe scrip rose as much as 4.87% just shy of its 52-week high at Rs 2139.00 apiece. It pared gains to trade 3.32% higher at Rs 2,107.30 apiece, compared to a 0.35% decline in the benchmark NSE Nifty 50 as of 9:54 a.m. It has risen 35.8% on a year-to-date basis. The total traded volume so far in the day stood at 6.9 times its 30-day average. The relative strength index was at 70.4, implying that the stock maybe overbought.Five out of the 10 analysts tracking MCX maintain a 'buy' rating, two recommend a 'hold' and three suggest a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 5.3%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty Media, Metal Lead Declines!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTCS Hits 52-Week High On Plans For Fifth Buyback In Six YearsShares of Tata Consultancy Services Ltd. hit a 52-week high as the board is likely to consider a proposal for a buyback of shares on Oct. 11, the I.T. major said in its exchange filing. India’s largest I.T. services firm will declare its second-quarter earnings on that day. A buyback, if approved, will be TCS' fifth since 2017.From March 9–23, 2022, the Tata Group firm repurchased 40 million shares of face value Re 1 each at Rs 4,500 apiece for an aggregate amount of Rs 18,000 crore, according to data available on the stock exchanges.TCS had effected similar share buybacks in October 2020, June 2018, and February 2017.TCS Board To Consider Share Buyback Proposal On Oct. 11Shares of Tata Consultancy Services Ltd. rose as much as 1.04% to hit a 52-week high at Rs 3,659 apiece. It pared gains to trade 0.76% higher at Rs 3,649.05 apiece, compared to a 0.59% decline in the benchmark NSE Nifty 50 , as of 9:45 a.m.It has risen 14.4% on a year-to-date basis. The total traded volume so far in the day stood at 5.7 times its 30-day average. The relative strength index was at 67.9.Twenty-four out of the 46 analysts tracking TCS maintain a 'buy' rating, 13 recommend a 'hold' and nine suggest a 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 0.8%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty 50 Trades Below 19,500 Level In Early Trade!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Underperform The broader market indices underperformed the larger peers; the S&P BSE MidCap Index was up 1.37%, whereas S&P BSE SmallCap Index was also 1.59% higher.Eighteen out of the 20 sectors compiled by BSE declined, except S&P BSE Information Technology and S&P BSE Teck. S&P BSE Services, S&P BSE Metal and S&P BSE Power fell the most. The market breadth was skewed in the favour of the sellers. About 598 stocks rose, 1,950 declined, while 145 remained unchanged on the BSE.Top Movers On The Nifty 50 Index!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Lower: Opening BellIndia's benchmark stock indices opened lower on Monday as tensions mount in the middle east after Israel declared war on the Gaza strip. At pre-open, the S&P BSE Sensex was down 436 points, or 0.66%, at 65,560.12 while the NSE Nifty 50 was 114 points or 0.58% lower at 19,539.45.Oil jumped to head back toward $90 a barrel after Hamas’ attack on Israel triggered fears of a supply shock. Both West Texas Intermediate and Brent surged more than 5%, days after crude posted its biggest weekly drop since March. Brent Crude prices were trading above $87 a barrel, and WTI Crude was above $86-mark.Shares slipped in mainland China as the market reopened after the Golden Week holiday while the morning session in Hong Kong was scrapped due to a typhoon. Stocks rose in Australia, while futures contracts for U.S. stocks dropped. The S&P 500 had advanced 1.2% Friday, snapping a four-week losing streak. The Nasdaq 100 jumped 1.7% with large-cap tech names, including Microsoft Corp., Apple Inc. and Nvidia Corp., powering the index higher. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Decline In Pre-Market TradeAt pre-open, the S&P BSE Sensex was down 436 points, or 0.66%, at 65,560.12 while the NSE Nifty 50 was 114 points or 0.58% lower at 19,539.45.Source: BloombergRupee Strengthens Against U.S. DollarThe local currency strengthened about 4 paise to open at 83.21 against the U.S dollar on Monday. It closed at 83.25 on Friday. Source: BloombergFADA Releases Retail Sales Data For September 2023 FADA September Data Passenger vehicle sales rise 19% to 3,32,248 unitsTwo-wheeler sales rise 22% to 13.12 lakh unitsCommercial vehicle sales rise 5% to 80,804 unitsThree-wheeler sales rise 49% to 1,02,426 unitsTractor sales fall 10% to 54,492 unitsSource: Press ReleaseTrade Talk: Israel-Hamas War: Crude Prices On The Boil Israel-Hamas War: Impact On Indian Equities: Trade Setup Godrej Properties Announces Opening Of Taj The Trees In Vikhroli, MumbaiAnnounces the opening of Taj The Trees in Vikhroli, Mumbai.Hotel is entirely owned by Godrej Properties and will be managed by the Indian Hotels as a luxury Taj hotel.Spread across 3.5 lakh sq. ft., Taj The Trees to offer 151 spacious rooms.Source: Exchange FilingInox Green Signs Term Sheet To Divest 100% Stake In Nani Virani SPV Signs term sheet to divest 100% stake in Nani Virani SPV.The divestment will lead to Inox Green becoming net debt-free.Source: Exchange FilingIRB Infrastructure Developers' September 2023 Toll Revenue Up 28% YoYCompany and its Associates’ September 2023 toll revenue at Rs 421 crore, up 28% year-on-year. Q2 FY24 toll revenue at Rs 1,203 crore, up 22% year-on-year.H1 FY24 toll revenue at Rs 2,386 crore, up 20% year-on-year. Source: Exchange FilingIndiabulls Housing Finance Issues Offer To All Debenture Holders For Premature RedemptionIssues an offer to all Debenture holders for premature redemption of its NCDs maturing till 31st March, 2024.Asset Liability Management Committee of Company decides to make this offer to the NCD holders to acquire NCDs maturing till March 31, 2024.NCD holders to acquire NCDs on exchange under negotiated trades and hold them as treasury stock until maturity.Source: Exchange FilingSom Distilleries In Strategic Contract Manufacturing Arrangement For Its Brands In Punjab In strategic contract manufacturing arrangement for our brands in Punjab.Contract aimed at bolstering supply capabilities to Canteen Stores Department for Northern region.It will also not be going ahead with proposed QIP issue due to lesser amount of bids received towards its proposed QIP Issue.Company shall evaluate the viability of a funds raise at a suitable time.Source: Exchange FilingGlobal CuesU.S. Dollar Index at 106.3U.S. 10-year bond yield at 4.80%Brent crude up 4.03% at $87.99 per barrel Nymex crude up 4.24% at $86.30 per barrel GIFT Nifty was down 124 points or 0.63% at 19,646 as of 7:51 a.m. Bitcoin was up 0.12% at $27,957.5Dow Jones Futures Fall, Oil Prices Soar After Hamas AttackTrading TweaksPrice Band Revised From 10% To 20%: Apollo Micro Systems, Adani Total Gas, Dreamfolks Services, Gokaldas Exports, Hindustan Oil Exploration, India Pesticides, IRFC, ITI, Johnson Controls - Hitachi Air Conditioning India, Jaiprakash Associates, MMTC, NDTV, NK Industries, and RailtelPrice Band Revised From 5% To 10%: Gensol Engineering, Hma Agro Industries, PC JewellerEx/Record Date Stock Split: Sigachi IndustriesMove Into Short-Term ASM Framework: Tuticorin Alkali Chemicals And FertilisersMove Out Of Short-Term ASM Framework: Vodafone IndiaKaynes Technology To Set Up Rs 2,800- Crore Semiconductor Plant In Telangana Insider TradesAuthum Investment & Infrastructure: Promoter Mentor Capital bought 51.99 lakh shares of Spet. 29.DB Realty: Promoter Shanita Deepak Jain sold 10,000 shares on Sept. 25.PCBL: Promoter Saregama India sold 1,000 shares on Sept. 25.The Mutual Fund Show: Equity Investing Strategy For BeginnersPledge Share DetailsEmami: Promoter Dwarikesh Finvest revoked a pledge of 86.13 lakh shares on Oct. 5.Chambal Fertilisers & Chemicals: Promoter Zuari Industries revoked a pledge of 74.15 lakh shares on Oct. 3.Shilpa Medicare: Promoter Deepak Kumar Innani created a pledge of 4 lakh shares on Aug. 25.Omaxe: Promoter Guild Builders created a pledge of 32 lakh shares on Sept. 30.Adani Energy Solutions Acquires Sangod Transmission Service To Expand Rajasthan PresenceBlock DealsPB Fintech: Svf Python Ii (Cayman) sold 83.23 lakh shares (1.84%) and Svf India Holdings (Cayman) sold 30.97 lakh shares (0.68%), while Societe Generale bought 26.26 lakh shares (0.58%), Morgan Stanley Asia Singapore bought 15.83 lakh shares (0.23%), and Pioneer Investment Fund Scheme II bought 6.55 lakh shares (0.14%), among others at Rs 762.8 apiece.Stocks Sink Across Mideast As Israel Goes To War With HamasBulk DealsManoj Vaibhav Gems N Jewellers: Collate Dealers sold 2.93 lakh shares (0.6%) at Rs 224 apiece.Strides Pharma Science: Capri Global Holdings sold 12 lakh shares (1.32%) at Rs 501 apiece.Indiabulls Housing Finance: Elizabeth Mathew bought 32 lakh shares (0.67%) at Rs 172.24 apiece.Foods & Inns: Crony Vyapar bought 4.08 lakh shares (0.8%) at Rs 210.7 apiece.FPIs Sell-Off Continues, Rs 8,000 Crore Flows Out Of Equities In OctoberStocks To Watch: MCX, TCS, Titan, Tata Motors, Bank of Baroda, Adani, PNB, Biocon In FocusTCS: The IT major announced plans to consider the buyback of shares at the Oct. 11 board meeting.Titan Company: The company reported a 20% year-over-year increase in its standalone revenue, and its emerging businesses saw sales growth of 29% year-over-year. While watches and wearables saw sales growth of 32% year over year, the jewellery division saw sales growth of 19% year over year.Tata Motors: JLR Automotive PLC proposes a tender offer for outstanding notes. The offers for notes will expire on Oct. 13.Bank of Baroda: The lender reported a domestic CASA of Rs 4.28 lakh crore, up 4.43% year over year. Global gross advances and total deposits rose 12.01% and 14.63% year over year, respectively.Adani Energy Solutions: The company acquired a 100% stake in Sangod Transmission Service via cash at a face value of Rs 10 apiece.Adani Green Energy: The company's stepdown subsidiary, Adani Solar Energy Jaisalmer Two Pvt., commissioned a 150 MW solar power project at Bikaner.Punjab National Bank: The lender appointed Sanjeevan Nikhar as Group Chief Compliance Officer with immediate effect.TVS Motor: The company on Friday started production in the Tamil Nadu manufacturing plant for CE 02, the company's first electric vehicle that is jointly designed and developed with BMW Motorrad.IDFC First Bank: The company approved the allocation of 33.24 crore shares at an issue price of Rs 90.25 apiece.Biocon: The pharma company inked a pact with Canada's Juno Pharmaceuticals for commercialising diabetes and obesity-managing devices.Prestige Estates Projects: The company reported sales of Rs 7,093 crore, up 102% year over year. It sold 3,659 units and launched five projects.Kaynes Technology: The company announced the setting up of a semiconductor plant in Kongara Kalan, Telangana, with an investment of Rs 2,800 crore.Indian Energy Exchange: The company announced plans to acquire a 10% stake in Enviro Enablers India.MCX: SEBI rescinds the abeyance order against its commodity derivative platform.Tata Steel: India business' crude steel output stood at 4.99 million tonne, up 4% year-on-year. Europe's production, at 1.99 million tonne, drops 17% year-on-year due to ongoing relining at one of the blast furnaces in the Netherlands.Reliance Retail Sells Additional 0.59% Stake To ADIA For Rs 4,966 CroreGIFT Nifty Signals Lower Opening For BenchmarksOil jumped to head back towards $90 a barrel after Hamas’ attack on Israel triggered fears of a supply shock. Both West Texas Intermediate and Brent surged more than 5%, days after crude posted its biggest weekly drop since March. Brent crude prices were trading above $87 a barrel, and WTI crude was above the $86 mark.Shares slipped in mainland China as the market reopened after the Golden Week holiday, while the morning session in Hong Kong was scrapped due to a typhoon. Stocks rose in Australia, while futures contracts for U.S. stocks dropped.The S&P 500 advanced 1.2% Friday, snapping a four-week losing streak. The Nasdaq 100 jumped 1.7% with large-cap tech names, including Microsoft Corp., Apple Inc., and Nvidia Corp., powering the index higher.Meanwhile, the yield on the 10-year U.S. bond was trading at 4.80%, and Bitcoin was above the $27,000 level.At 8:10 a.m., the GIFT Nifty, an early indicator of the Nifty 50 Index’s performance in India, was down 134 points, or 0.68%, at 19,635.5.India's benchmark stock indices ended higher for the second day on Friday, led by gains in realty and pharma stocks. On a weekly basis, the headline indices snapped two weeks of losses. Sensex nearly touched the 66,000 mark, whereas Nifty ended beyond the 19,600 mark.Overseas investors remained net sellers of Indian equities for the 13th consecutive session on Friday. Foreign portfolio investors offloaded stocks worth Rs 90.3 crore, according to provisional data from the NSE. Domestic institutional investors remained net buyers for the 11th consecutive session and mopped up equities worth Rs 783.3 crore.The Indian rupee closed flat at 83.25 against the U.S. dollar. The yield on the 10-year bond closed 12 basis points higher at 7.34%, the highest since March 15.Nifty In Technical Charts: A Mild Rally To Sell IntoStock Market Today: All You Need To Know Going Into Trade On Oct. 9. Read more on Markets by BloombergQuint.
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