The Nifty FMCG index gained 1.1%, while the IT index rose 1%.
Shares of India’s Oil and Natural Gas Corp advanced 2.6% after Reuters reported that the explorer has got a better price for oil under new rules that allow producers marketing freedom.
Mahindra Logistics shares rose 4.5% after the company said it will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo’s B2B Express business for 2.25 billion rupees.
Foreign institutional investors sold a net of 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange.
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Jubilant Foodworks acquired 29.42% stake in Roadcast Tech Solutions
Price as on 27 Sep, 2022 12:32 PM, Click on company names for their live prices.
Adani Group to invest over $100 billion in next decade: Chairman Gautam Adani
“As a group, we will invest over $100 billion of capital in the next decade,” he said this week. “We have earmarked 70% of this investment for the energy transition space. We are already the world’s largest solar player, and we intend to do far more.”
LIC, IEX among stocks that hit fresh 52-week lows on NSE
Dish TV falls 10% as shareholders reject results, auditor appointment
Shares of Dish TV fell as much as 10% on Tuesday, a day after the broadcast satellite service provider’s share holders rejected audited statements for last two fiscals, appointments of a new auditor and an independent director. Yes Bank, which holds an about 25% stake in Dish TV, has been pushing for a board reconstitution, citing corporate governance issues.
BUZZING | Paint stocks gain in trade today as crude oil prices trade at 9-month lows
Price as on 27 Sep, 2022 11:36 AM, Click on company names for their live prices.
Top gainers from the banking pack
Price as on 27 Sep, 2022 11:34 AM, Click on company names for their live prices.
Gas distribution stocks are in focus today! Watch why
#MarketsWithETNOW | Gas distribution stocks are in focus today! @soumeet_sarkar tells us why the stocks are in the… https://t.co/81e4TVSkfG
— ET NOW (@ETNOWlive) 1664257020000
Shares of tile maker Orient Bell rose in Tuesday’s trade after the company announced the completion of the expansion at its Hoskote plant in Bengaluru, which involved a capex of Rs 34 crore. With this, the total capacity of the company has increased from 32 MSM per annum to 33.8 MSM per annum including 10 MSM per annum of the associated entities.
Price as on 27 Sep, 2022 11:10 AM, Click on company names for their live prices.
NIFTY SLIPS BELOW 17,000 AGAIN
Shares of Shakti Pumps zoomed as much as 9 per cent during the early trade on Tuesday after the company received advances from the government of Uganda. In an exchange filing, the company said, “Shakti Pumps (India) has received an advance worth $6 million from EXIM Bank on behalf of the government of Uganda to supply solar-powered water pumping system.”
Price as on 27 Sep, 2022 10:49 AM, Click on company names for their live prices.
BLOCK DEAL: 29.1 lakh shares of Power Grid change hands
Price as on 27 Sep, 2022 10:40 AM, Click on company names for their live prices.
Manappuram Finance may consider issuances of debt securities in October (Source: exchange filing)
Price as on 27 Sep, 2022 10:35 AM, Click on company names for their live prices.
IDFC sells entire equity stake in Dimits held by IDFC Foundation
Price as on 27 Sep, 2022 10:27 AM, Click on company names for their live prices.
Bitcoin regains $20K; Solana & Polkadot gain up to 8%
MANAGEMENT TALK | GO FASHION
#FestiveFeverForIndiaInc | Gautam Saraogi of #GoFashion says -Festive season likely to be a bumper one -Positive… https://t.co/SgsFvt23Wh
— ET NOW (@ETNOWlive) 1664253395000
Oil and Natural Gas Corp has got a better price for oil under new rules that allow producers marketing freedom, industry sources said. (Source: Reuters)
Price as on 27 Sep, 2022 10:11 AM, Click on company names for their live prices.
BROKERAGE RADAR | BOFA ON BANKS
- Buy HDFC Bank, Target at Rs 1900/share
- Expect HDFC Bank to positively surprise
- See a build up on liability over next few qtrs
- Merger is a key catalyst for the stock
- Buy IndusInd Bank Target at Rs 1400/share
- See further room for IIB’s rerating
- See potential positive surprises on both growth and asset quality
- IIB potentially has the best liquidity buffers
HCL Technologies won deal from MetLife Stadium for digital transformation
Price as on 27 Sep, 2022 09:48 AM, Click on company names for their live prices.
63 Moons Technologies won SaaS contract from Italy’s Spuma SRL
Price as on 27 Sep, 2022 09:45 AM, Click on company names for their live prices.
Top 5 gainers from the FMCG pack in early morning session
Price as on 27 Sep, 2022 09:36 AM, Click on company names for their live prices.
Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
In the context of rising US bond yields, RBI will be forced to raise rates by around 50 bp on September 30th. This will be another negative for equity markets. In brief, except for falling crude there are no positive triggers for the equity market now. This is not the time to aggressively buy the dips. However, there is scope for selective buying in the broader market. There are stocks rising even in this weak market. These are signals of accumulation on strong fundamentals.
JUST IN | BLOCK DEAL: 8.1% equity of Embassy Park REIT changes hands; stock falls 1%
US-based private equity major Blackstone Group will sell up to 77 million units of Embassy Office Parks REIT, constituting 8.12% of total units outstanding as of June 30, 2022, through block deals on Tuesday, according to the term sheet issued by the bankers BofA Securities India, Morgan Stanley India, and IIFL Securities.
Rupee rises 22 paise to 81.45 against US dollar in early trade
OPENING BELL: Sensex rises 300 points, Nifty above 17,100; Power Grid gains 2%, Nazara falls 3%
Pre-open session: Sensex rises over 100 points; Nifty above 17,110
Runaway dollar pauses for breath as bears stalk stocks
Asian markets attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 27 points, or 0.16 per cent, higher at 17,048, signaling that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty50 breaks below 50-DMA; It is officially a ‘sell on rise’ market
The Nifty50 broke below its crucial short-term support at 50-DMA, placed at 17,340 on Monday. It bounced back from its long-term support placed at 200-DMA at 16,993. The index finally closed 311 points lower at 17,016, while the S&P BSE Sensex plunged by 953 points to close at 57,145. It formed a bearish candle on the daily charts.
Tokyo stocks open higher, rebounding from rout
Tokyo stocks opened higher on Tuesday as investors bargain-hunted following sharp falls in the previous session on fears over an economic slowdown.The benchmark Nikkei 225 index was up 0.54 percent, or 143.40 points, at 26,574.95 in early trade, while the broader Topix index edged up 0.40 percent, or 7.47 points, to 1,871.75.
Wall Street ends lower, Dow confirms bear market
Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.
Oil prices steady on prospect of balancing supply after steep selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. dollar, tempered an earlier selloff.
Rupee plunges to all-time low of 81.67 against US dollar
The rupee plunged 58 paise to close at an all-time low of 81.67 against the US dollar on Monday as the strengthening of the American currency overseas and risk-averse sentiment among investors weighed on the local unit.
Sensex, Nifty on Monday
The 30-share Sensex fell 953.70 points to end at 57,145.22. Its broader peer, Nifty50, dropped 311 points and closed just near the above 17,000 mark.