01 Oct, 2024 | 11:49:59 AM IST
Highlights of Trade:
- Tech Mahindra gains 4% on CLSA upgrade
- PC Jeweller gains 5% on approval of 1:10 stock split
- SpiceJet rises 5% on RS 51 cr block deal
- Sensex opens 300 pts higher, Nifty above 25,900
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The unusual volatility in stock markets is reflected in the 8% spike in Shanghai Composite Index and the 4.8% crash in Nikkei index yesterday. This extreme volatility is likely to stabilise soon.
The hoped-for-recovery in the Chinese economy has triggered massive fund flows into Chinese stocks. This has delivered 20% returns in Shanghai composite in the last five days and 19.45% return in Hang Seng in the last one month.
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Stock Market LIVE Updates | Eraaya Lifespaces shares jump 5%, lock-in upper circuit as firm suspends Ebix Chairman & CEO
Price as on 11:44:09 AM 11:44 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Ashok Leyland, Flixbus India signs MoU; stock rises
Price as on 11:38:35 AM 11:38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | United Spirits gets order demanding differential duty 6% on import of corrugated boxes
Price as on 11:36:58 AM 11:36 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Auto stocks rise; M&M, MRF among top gainers
Price as on 11:26:57 AM 11:26 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Escorts Kubota tractor sales rise 2.5% to 12,380 units in September; stock drops
Price as on 11:24:16 AM 11:24 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Godrej Properties to raise funds worth up to Rs 6,000 crore
Price as on 11:17:45 AM 11:17 AM, Click on company names for their live prices.
Sensex Today | Zen Technologies secures annual maintenance contract worth Rs 46 crores from Ministry of Defence; stock drops 2%
Price as on 11:11:30 AM 11:11 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Sugar stocks surge over 2%
Price as on 11:02:51 AM 11:02 AM, Click on company names for their live prices.
Sensex Today | Chinese bazooka pulls FIIs away from Nifty, test retail investor’s faith
Emerging market investors are reversing ‘Buy India, Sell China’ strategies as Chinese stocks rally, with CSI300 up 25% and Hang Seng 16%, while Indian indices face selling pressure.
Stock Market LIVE Updates | Jefferies on PB Fintech; stock up 2%
Price as on 10:52:23 AM 10:52 AM, Click on company names for their live prices.
The Chinese government has recently announced a stimulus package aimed at driving economic growth, resulting in strong stock market returns in the last few days, as valuations were lower compared to other emerging markets. However, the sustainability and effectiveness of this stimulus are uncertain, given that previous attempts to achieve a higher growth trajectory have not yielded significant results. The latest policy measures focus on reviving the property market, including interest rate reductions and the unification of minimum down payments for home loans. These initiatives could theoretically boost consumer spending and reduce early repayment trends in housing loans.
– Rakesh Vyas, Co- Chief Investment Officer & Portfolio Manager,Quest Investment Advisors.
Stock Market LIVE Updates | RIL, HDFC Bank, Asian Paints drag Sensex 200 pts lower
Stock Market LIVE Updates | Sensex falls over 500 pts from day’s high, trades 200 pts lower; Nifty below 25,800
Sensex Today | NCC shares rise 3% as co announced receiving orders worth Rs 2,327 crore in September
Price as on 10:35:17 AM 10:35 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex off day’s high, trades flat
Stock Market LIVE Updates | TARC shares rise on securing significant debt refinancing of over 1,000 crores
Price as on 10:22:14 AM 10:22 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sectoral Snapshot
- Auto, oil & gas, IT, PSU Bank sectors rise
- Banks, FMCG, pharma indices drop
Stock Market LIVE Updates | Auto Sales Data: Bajaj Auto reports 20% rise in total Sept sales
Stock Market LIVE Updates | Aviation Stocks in Focus
Price as on 10:07:52 AM 10:07 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Alphageo (India) shares rally 5% on getting Rs 132 cr work order
Price as on 10:04:39 AM 10:04 AM, Click on company names for their live prices.
Sensex Today | Kalpataru Projects shares rise 3% on receving orders worth Rs 1,241 crore
Price as on 10:02:46 AM 10:02 AM, Click on company names for their live prices.
Sensex Today | Manappuram & Muthoot Finnace drop over 2% each as cenbank scrutiny sparks growth fears
Price as on 09:58:48 AM 09:58 AM, Click on company names for their live prices.
Sensex Today | Sun Pharma and Philogen enter into a global agreement for commercializing the specialty product Fibromun
Price as on 09:55:50 AM 09:55 AM, Click on company names for their live prices.
Stock Market LIVE Updates | M&M shares rise after announcing Sept auto sales data
Price as on 09:53:58 AM 09:53 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The unusual volatility in stock markets is reflected in the 8% spike in Shanghai Composite Index and the 4.8% crash in Nikkei index yesterday. This extreme volatility is likely to stabilise soon.
The hoped-for-recovery in the Chinese economy has triggered massive fund flows into Chinese stocks. This has delivered 20% returns in Shanghai composite in the last five days and 19.45% return in Hang Seng in the last one month. This momentum is attracting FIIs; but it remains to be seen how long this tactical trade will last.
FII selling is likely to be absorbed by DII buying and, therefore, it is unlikely to do serious long-term damage to the market. Since a significant part of FII holding is in banking stocks, this segment may continue to face downward pressure.
Sensex Today | Tata Power shares rise on signing MoU with the Rajasthan govt; the investment plan involves up to Rs 1.2 lakh crore.
Price as on 09:46:04 AM 09:46 AM, Click on company names for their live prices.
Sensex Today | Piramal Pharma approved $80 million expansion plan for sterile injectables facility in Kentucky
Price as on 09:41:34 AM 09:41 AM, Click on company names for their live prices.
Stock Market LIVE Updates | PC Jeweller shares gain 5% as board approves 1:10 stock split
Price as on 09:38:55 AM 09:38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Welspun Corp shares jump 2% on bagging order worth Rs 2,400 crore
Price as on 09:33:27 AM 09:33 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Rites gets order worth Rs 428 lakh
Price as on 09:30:45 AM 09:30 AM, Click on company names for their live prices.
Stock Market LIVE Updates | SpiceJet shares rise 2% on Rs 51 crore block deal
Price as on 09:28:55 AM 09:28 AM, Click on company names for their live prices.
Sensex Today | Zee Media shares extend gains, hits 10% upper circuit
Last week, the company’s board approved issue of up to 13.33 crore warrants worth Rs 200 crore. The warrants will be fully convertible or exchangeable for one fully paid-up equity share of the company, a filing to the exchanges stated.
Forex News | Rupee falls in early trade
Rupee falls 2 paise to 83.81 against the US dollar.
Stock Market LIVE Updates | NALCO, PNB, JM Financial amonng top movers in morning trade
Price as on 09:20:52 AM 09:20 AM, Click on company names for their live prices.
Opening Bell: Sensex rises over 300 pts, Nifty above 25,900; TechM gains 3%, Ola Electric drops 2%
Sensex Today | Stock Market LIVE Updates: Sensex falls 39 points, Nifty below 25,800 in pre-open session
Sensex Today | Stock Market LIVE Updates: Deploy Broken Wing strategy in Britannia to gain from bullish market stance
Britannia Industries’ shares have been on a consistent upward trend, forming higher highs and higher lows on both daily and monthly charts.
Sensex Today | Stock Market LIVE Updates: Adani Airport to raise Rs 1,950 crore via NCDs
Adani Airport Holdings is set to raise ₹1,950 crore through non-convertible debentures (NCDs), mainly to offer inter-company loans to airports such as Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati, and Thiruvananthapuram.
Sensex Today | Stock Market LIVE Updates: FPIs pump Rs 86,000 crore in Indian equities in Q2, highest since December 2020
A significant rise in India’s weight in global indices like MSCI and FTSE, fueled by the strong performance of Indian markets and the Fed’s mid-September rate cut, encouraged foreign investors to pour funds into India during the September quarter.
Sensex Today | Stock Market LIVE Updates: Sebi OKs faster rights issues, new asset class
At a board meeting on Monday that lasted seven and a half hours, SEBI approved several proposals, including the launch of a new asset class, a reduced timeline for completing rights issues, and an expansion of the number of stocks eligible for same-day settlement.
Sensex Today | Stock Market LIVE Updates: Hot Stocks: 3 stocks that may give returns between 13-29%
Here’s a glance at some recent stock recommendations from analysts, with these stocks projected to deliver returns ranging from 13% to 29%, based on analysts’ price targets.
Sensex Today | Stock Market LIVE Updates: New York Fed’s reverse repo facility sees cash surge on last day of Q3
The New York Federal Reserve reported that eligible firms on Monday deposited the highest amount of cash in its reverse repo facility since late June, likely driven by the close of the third quarter.
Sensex Today | Stock Market LIVE Updates: Positive Breakout: These 4 stocks close cross above their 200 DMA
In the Nifty500 group, the closing prices of four stocks surpassed their 200-day moving averages (DMA) on September 30
Sensex Today | Stock Market LIVE Updates: Fed sees no ‘hurry’ to cut rates as confidence in economy grows, Powell says
Federal Reserve Chair Jerome Powell suggested on Monday that the U.S. central bank would likely continue with quarter-percentage-point interest rate cuts and emphasized there was no rush to act. This came after new data reinforced confidence in sustained economic growth and strong consumer spending.
Sensex Today | Stock Market LIVE Updates: Gold holds ground as investors await US data for further clues
Gold prices remained steady on Tuesday after falling nearly 1% in the previous session, as investors looked ahead to upcoming U.S. data for clues on potential interest rate cuts later this year.
Sensex Today | Stock Market LIVE Updates: S&P 500 ekes out record closing high; declines briefly after Powell
The S&P 500 edged to a record high close on Monday, recovering from a brief dip following comments from Federal Reserve Chair Jerome Powell, who indicated that the U.S. central bank is not rushing to implement additional interest rate cuts.
Stock Market LIVE Updates | Spicejet shares in focus after Rs 51 crore block deal
Shares of SpiceJet will be in focus on Tuesday after Gujarat-based Plutus Wealth Management LLP acquired 85 lakh shares of SpiceJet, worth Rs 51 crore, on Monday through a block deal.
Plutus purchased SpiceJet shares at Rs 59.95 each, an increase from Friday’s closing price of Rs 58.99. On Monday, the stock rose 8% or Rs 5 to close at Rs 63.70.
Stock Market LIVE Updates | Japan’s Nikkei rebounds on softer yen after sharp sell-off
Japan’s Nikkei share average rose more than 1% in early trade on Tuesday, rebounding from a nearly 5% drop in the last session, as a softer yen supported exporters including automakers.
The Nikkei was up 1.09% to 38,333.6, as of 0008 GMT, and the broader Topix had risen 0.88% to 2,669.14.
Stock Market LIVE Updates | Stocks in news: TCS, Tata Power, IRCTC, Mankind Pharma, Bank of Maharashtra, SpiceJet
The markets started the week on a weak note, declining nearly 1.5% due to mixed signals from global markets. In today’s trading, shares of TCS, Tata Power, IRCTC, Mankind Pharma, Bank of Maharashtra, and SpiceJet will be in the spotlight due to various news developments.
Stock Market LIVE Updates | Oil steady as prospect of more supply offsets Middle East conflict worries
Oil prices remained stable on Tuesday as the possibility of increased supply entering the market balanced concerns about the escalating Middle East conflict potentially disrupting exports in this crucial region.
Brent crude futures for December rose by 13 cents, or 0.18%, to $71.83 a barrel, while U.S. West Texas Intermediate crude for November climbed 11 cents, or 0.16%, to $68.28 a barrel as of 0050 GMT.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.1141
- The Japanese yen was little changed at 143.58 per dollar
- The offshore yuan was little changed at 7.0056 per dollar
Stock Market LIVE Updates | D-Street Recap
Indian equity indices Sensex and Nifty50 experienced their largest decline in two months on Monday due to profit booking and a generally weak performance in Asian markets, highlighted by Japan’s Nikkei index plummeting nearly 5%.
The NSE Nifty 50 closed down 1.41% at 25,810, while the BSE Sensex dropped 1.5% to 84,299. Both indices recorded their worst performance since August 5.
