During Samvat 2081, as many as 433 Indian firms collectively raised over Rs 2.9 lakh crore through mainboard and SME IPOs and QIPs, compared to Rs 2.53 lakh crore mobilised by 429 firms in Samvat 2080
Ircon International Share Price | Petronet LNG has awarded a contract worth Rs 360 crore to the company.
Sterling and Wilson Renewable Energy Share Price | The company received an orders in domestic and international markets worth Rs 1,772 crore.
Rail Vikas Nigam Share Price | South Central Railway has selected the company in a reverse auction for a contract of Rs 144 crore.
Oil prices dipped on Monday, pressured by worries over a global glut as escalating US.-China trade tensions added to concerns about an economic slowdown and weaker energy demand.
The Nifty50 gained 1.68% driven by FII buying, while small-caps dropped 0.6% and mid-caps remained flat. FIIs were net buyers, but overall net sales were Rs 586.76 crore
Dalal Street's headline indices are likely to extend their winning streak to the fourth consecutive session in trade on October 20.
Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, Dr Reddy's Labs were among major gainers on the Nifty, while losers were ICICI Bank, Eternal, Adani Ports, JSW Steel, M&M. BSE Midcap index added 0.7%, and smallcap index rose 0.6%. On the sectoral front, PSU bank index up 3%, oil & gas, telecom up 1% each, while pharma, realty, metal, IT up 0.5% each.
Given the powerful rally with encouraging technical and momentum indicators, if the Nifty 50 decisively closes the bearish gap by surpassing 25,740, the upward journey toward 25,900–26,000 can’t be ruled out. However, 25,500 can act as immediate support, experts said.
Shares in Japan and South Korea rose, while Australia dipped, after the region’s equities fell on Friday amid concerns on US regional banks.
Despite weak market breadth, the market is expected to remain bullish, supported by healthy momentum and strong technical indicators. Below are some short-term trading ideas to consider.
Stocks to Watch, 20 October: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, UltraTech Cement, IndusInd Bank, Punjab National Bank, IDBI Bank, RBL Bank, Yes Bank, Federal Bank, Bank Of India, L&T Technology Services, Sobha, Dixon Technologies, Havells India, nad JSW Energy will be in focus on October 20.
The positive earning show from index heavyweights like HDFC Bank and ICICI Bank could propel Bank Nifty to hit fresh records in trade.
Global brokerage HSBC believes India is falling behind in the global AI revolution, with potential near-term pain for IT, services, and foreign investor inflows.
In the coming truncated week starting from October 20, the market sentiments are expected to remain positive despite intermittent volatility, with focus on more corporate earnings, further update related to India-US trade deal talks, US inflation, China's GDP numbers, and flash PMI data, experts said.
Experts believe that the Nifty 50 appears poised for a strong bull run. If it closes and sustains above the long bearish gap of October 3, 2024 (25,740), the first target to watch will be 26,000, followed by 26,200–26,300. This zone coincides with the record high of 26,277, last seen on September 27, 2023. On the downside, immediate support is placed at 25,500.
IPOs often generate significant hype, capturing the attention of retail investors with the allure of quick gains. However, the true potential for wealth creation lies not in chasing immediate listing-day profits, but in a disciplined, long-term approach to accumulation.
The renewed inflow in October marks a significant shift in sentiment and reflects fresh confidence among global investors towards Indian markets
In its consultation paper, Sebi proposed to temporarily relax rules to allow the transfer of such old shares, even though they are in physical form
Demand for silver ETFs has soared in recent months, amid concerns about the stability of the US dollar, a wave of investment that’s become known as the “debasement trade.”
US PMI readings, in particular, will be closely watched for early signals on economic momentum and labor market health, as further softness may reinforce expectations of rate cuts by the Fed.
Vipul Bhowar believes there are good investment opportunities in metals, quick-service restaurants (QSR), and building materials.
While it may be premature to project extremely optimistic levels like 29,000–30,000, given the strong technical structure and improving macros, Nifty could well move towards the 27,000 zone in Samvat 2082, said Sudeep Shah of SBI Securities.
Meesho's net loss for FY25 stood at Rs 3,941 crore, up from Rs 305 crore, due to expenses related to flipping its base from the US to India. Without the exceptional item, Meesho’s net loss was Rs 289 crore.
UltraTech’s incremental capacity of 22.8 MTPA is primarily targeted at northern and western India, after completing the consolidation in the Southern markets.