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Closing Bell: Nifty above 25,000, Sensex gains 362 pts; IT, media, telecom shine
Market Close | Sensex up 362 pts, Nifty above 25,000
Indian equity indices ended on strong note with Nifty above 25,000 on September 10. At close, the Sensex was up 361.75 points or 0.44 percent at 81,921.29, and the Nifty was up 104.70 points or 0.42 percent at 25,041.10.
We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Nifty opened on a positive note and continued to inch higher to close on a positive note up ~105 points. On the daily charts we can observe that the Nifty has witnessed a recovery from the support cluster of the 24800 – 24850. On the upside it has now reached the zone of 25100 – 25150 where resistance in the form of 61.82% Fibonacci retracement level is placed. The divergent signal from the daily and hourly momentum indicators is also pointing towards a near-term consolidation. Thus, price and momentum indicator suggests a consolidation and the range is likely to be 24800 – 25200.
Bank Nifty too witnessed continuation of the pullback however is facing resistance in the zone 51400 – 51500. Thus, it shall be a crucial level to surpass from short term perspective. On the downside, 50900 – 50800 shall be a crucial support zone from short term perspective.
Prashanth Tapse, Senior VP (Research), Mehta Equities
Markets stayed optimistic for major part of the trading session and Nifty closing above the psychological 25k mark shows that investors continue to be upbeat about the country's strong growth prospects despite global recessionary concerns. Sliding crude oil prices remains a worry as falling demand increases risks of global slowdown.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
The market continued with follow through upmove on Tuesday amidst volatility and closed the day higher by 104 points. After opening with a positive note, the market showed knee jerk action soon after the opening. A sustainable upmove was seen in the afternoon, but minor selling pressure has occurred towards the end.
A small positive candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern indicates a formation of doji type candle pattern, which is not a classical one. Normally, such doji pattern at the hurdle indicates caution for bulls.
The short-term trend of Nifty seems to have reversed up and the Nifty is currently placed at the crucial resistance of 25200 levels. A decisive move above this hurdle could only open further upside towards the new all-time highs. Immediate support is at 24900.
Shrikant Chouhan, Head of Equity Research, Kotak Securities:
Today, the benchmark indices witnessed promising rally, the Nifty ends 104 points higher while the Sensex was up by 344 points. Among Sectors, almost all the major sectoral indices registered buying interest at lower levels but Media Index outperformed rallied over 2.5 percent. Technically, after early morning intraday correction market took the support near 24900/81400 and reversed sharply.
Post reversal it witnessed a promising uptrend rally. However, it trimmed some gains from the day highest level of 25130.50/82196 but eventually managed closed above 25000/81800 mark, which is largely positive. We are of the view that, market completed one leg of pullback rally and now 25000/81800 would be the crucial support level for traders. Above 25000/81800, it could bounce back up to 25150-25175/82200-82500. However, Below 25000/81800 the market could retest the level of 24900/81500. Further down side may also continue which could drag the index till 24850/81300.
Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained volatile throughout the day, unable to sustain levels above 25100. The RSI remained in a bearish crossover on the daily timeframe, indicating continued weakness. Sentiment is expected to stay weak in the near term unless Nifty manages a close above 25100. On the lower side, support is seen at 24900; if breached, the index may decline further towards 24750.
Aditya Gaggar Director of Progressive Shares
After a knee-jerk reaction in the opening trade, one-way up move was seen in the markets; however, towards the end of the trading session, the Index pared-off half of its gains to settle the trade at 25,041.10 with gains of 104.70 points. Barring PSU Banks, all the other sectors ended the day in green with Media and IT being the top performers.
With gains of over 1%, Mid and Smallcaps ended the streak of underperformance.
As indicated yesterday, the Index has tested the higher end of the resistance zone i.e. 25,100, a firm close above the same is a must to confirm a trend continuation while on the downside, a level of 24,850 will act as an immediate support.
Currency Check | Rupee closes marginally lower
Indian rupee ended lower at 83.97 per dollar on Tuesday versus Monday's close of 83.95.
Market Close | Nifty above 25,000, Sensex gains 362 pts; IT, media, telecom shine
Indian equity indices ended on strong note with Nifty above 25,000 on September 10.
At close, the Sensex was up 361.75 points or 0.44 percent at 81,921.29, and the Nifty was up 104.70 points or 0.42 percent at 25,041.10. About 2473 shares advanced, 1300 shares declined, and 98 shares unchanged.
Divis Labs, LTIMindtree, Bharti Airtel, Wipro and HCL Tech were among the major gainers on the Nifty, while losers were HDFC Life, SBI Life Insurance, Bajaj Finserv, Bajaj Finance, and Shriram Finance.
Except oil & gas, all other sectoral indices ended in the green with Telecom and Media up 2 percent each, while capital goods, IT, healthcare, power up 1 percent each.
BSE Midcap index was up 0.5 percent and Smallcap index gained 1.5 percent.
Sensex Today | Kumar Birla buys 1.86 crore shares & Pilani Investment buys 30 lakh shares of Vodafone Idea on Sept 6
Stock Market LIVE Updates | Ahluwalia Contracts shares up 4% on two orders win worth Rs 1,307 cr for group housing project
Stock Market LIVE Updates | HG Infra shares rise 7% on winning project worth Rs 781.1 cr from ministry of road transport & highways
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Bandhan Bank | 200.01 | 2.35 | 6.98m |
| Axis Bank | 1,188.80 | 1.53 | 7.77m |
| IndusInd Bank | 1,436.60 | 0.6 | 2.20m |
| AU Small Financ | 717.95 | 0.53 | 1.94m |
| HDFC Bank | 1,651.20 | 0.29 | 11.33m |
| Federal Bank | 185.44 | 0.24 | 4.37m |
| ICICI Bank | 1,237.60 | 0.21 | 13.51m |
| Kotak Mahindra | 1,792.00 | 0.1 | 2.98m |
| Bank of Baroda | 235.75 | 0.08 | 9.27m |
| PNB | 109.70 | 0.06 | 10.98m |
Brokerage Call | Morgan Stanley keeps 'overweight' call on Suzlon Energy, target Rs 73.4
#1 NTPC project scope includes supply of turbines, erection & commissioning and O&M
#2 The large contract offers improved earnings visibility for FY26-27
Markets@3 | Sensex up 400 pts, Nifty above 25000
The Sensex was up 407.52 points or 0.50 percent at 81,967.06, and the Nifty was up 116.10 points or 0.47 percent at 25,052.50. About 2301 shares advanced, 1112 shares declined, and 74 shares unchanged.
IPO Check | Kross subscribed at 2.09 times on Day 2
QIB – 0.01 times
NII – 2.02 times
Retail – 3.32 times
Overall – 2.09 times
IPO Check | Bajaj Housing Finance subscribed at 5.25 times on Day 2
QIB – 2.59 times
NII – 12.93 times
Retail – 3.32 times
Employee Reserved – 0.78 times
Reservation Portion (shareholder) – 7.63
Overall – 5.25 times
IPO Check | P N Gadgil Jewellers subscribed at 1.37 times on Day 1
QIB – 0.00 times
NII – 1.86 times
Retail – 1.94 times
Overall – 1.37 times
Stock Market LIVE Updates | Zydus Lifesciences completes Phase II (a) clinical trial of Usnoflast
Sensex Today | Vodafone Idea: Kumar Birla buys 1.86 cr shares & Pilani Investment buys 30 lakh shares on Sept 6
Sensex Today | CIE Automotive falls for sixth sessions
Sensex Today | Century Textile buys ownership of 10 acres land in Mumbai for Rs1100 crore
#1 10 acre land booking value seen Rs 14000 crore, Century Textiles say
Sensex Today | Jio Financial has 1.79 mln shares traded in a block: Bloomberg
Spot USDINR to trade between 83.70-84.20: Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas
Indian Rupee traded with a negative bias today a positive US Dollar and US treasury yields. A slight recovery in crude oil prices also weighed on the Rupee. However, a surge in the domestic markets cushioned the downside. US Dollar recovered amid mixed non-farm payrolls data.
We expect Rupee to trade with a slight negative bias on strong US Dollar and concerns over global economic growth. However, positive domestic markets and any intervention by the RBI may support the Rupee at lower levels. Investors may remain cautious ahead of US CPI and ECB monetary policy this week. USDINR spot price is expected to trade in a range of Rs 83.70 to Rs 84.20.
August Mutual Fund Data
#1 Net equity inflow at Rs 38,212.4 crore vs Rs 37,082.4 crore, MoM
#2 Large Cap fund inflow at Rs 2,636.9 crore vs Rs 670 crore, MoM
#3 Small Cap fund inflow at Rs 3,209.3 crore vs Rs 2,109.2 crore, MoM
#4 Midcap Fund inflow at Rs 3,054.7 crore vs Rs 1,644.2 crore, MoM
IPO Check | Bajaj Housing Finance subscribed at 4.68 times on Day 2
QIB – 2.39 times
NII – 10.89 times
Retail – 3.13 times
Employee Reserved – 0.74 times
Reservation Portion (shareholder) – 7.08
Overall – 4.68 times
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Swan Energy | 635.00 | 3.21 | 21.00k |
| Sobha | 1,709.80 | 2.82 | 4.83k |
| Phoenix Mills | 3,596.15 | 2.81 | 2.34k |
| Oberoi Realty | 1,761.75 | 1.16 | 2.28k |
| DLF | 834.00 | 0.9 | 32.67k |
| Godrej Prop | 2,894.60 | 0.79 | 1.59k |
| Prestige Estate | 1,811.95 | 0.74 | 13.87k |
| Mahindra Life | 549.05 | 0.37 | 10.23k |
| Brigade Ent | 1,315.50 | 0.3 | 3.22k |
| Macrotech Dev | 1,193.85 | 0.01 | 8.33k |
Stock Market LIVE Updates | GMR Airports Infra to acquire 10% stake in Delhi International Airport for USD 126 mn
Stock Market LIVE Updates | Suzlon Energy stock gains 4% after Morgan Stanley reaffirms 'Overweight'
Markets#2 | Sensex up 600 points, Nifty above 25100
The Sensex was up 606.17 points or 0.74 percent at 82,165.71, and the Nifty was up 179.80 points or 0.72 percent at 25,116.20.
Stock Market LIVE Updates | Spicejet shares gains on settlement with Carlyle Aviation
Stock Market LIVE Updates | Zaggle Prepaid signs agreement with HDFC ERGO General Insurance Company
IPO Check | P N Gadgil Jewellers subscribed at 1.06 times on Day 1
QIB – 0.00 times
NII – 1.39 times
Retail – 1.52 times
Overall – 1.06 times
IPO Check | Bajaj Housing Finance subscribed at 4.33 times on Day 2
QIB – 1.78times
NII – 10.26 times
Retail – 3.01 times
Employee Reserved – 0.71 times
Reservation Portion (shareholder) – 6.75
Overall – 4.33 times
IPO Check | Kross subscribed at 1.82 times on Day 2
QIB – 0.00 times
NII – 1.62 times
Retail – 2.94 times
Overall – 1.82 times
Stock Market LIVE Updates | Sona BLW Precision Forgings raises Rs 2400 crore through QIP
Brokerage Call | Jefferies maintains 'buy' rating on GMR Airports, target Rs 106
#1 See the Delhi International Airport deal as attractively priced
#2 Airports Authority Of India would continue to holds 26 percent equity stake of DIAL
#3 We haven't reviewed SOTP valuations for company as of now, given the deal is amid closure
#4 Over 50 percent of the valuation for GMR Airports in our SOTP comes from DIAL
Brokerage Call | CLSA keeps 'outperform' call on ICICI Bank, target Rs 1,500
#1 Bank well placed on deposits and does not expect the cost of deposits to rise materially
#2 NIM is likely to be stable & rate cut would only result in a temporary NIM compression
#3 Bank is not guiding any cost-to-income ratio level but it is aiming to deliver profitable growth
Stock Market LIVE Updates | USFDA classifies inspection at Unichem Lab as VAI
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Tata Power | 444.65 | 6.41 | 25.02m |
| Power Grid Corp | 334.25 | 1.73 | 8.38m |
| GAIL | 221.35 | 1.65 | 7.59m |
| NTPC | 393.00 | 0.81 | 9.58m |
| Adani Green Ene | 1,879.30 | 0.73 | 231.49k |
| Reliance | 2,939.80 | 0.51 | 2.99m |
| IOC | 175.76 | 0.24 | 8.25m |
Stock Market LIVE Updates | FlixBus partners with AbhiBus to expand its reach in India
AbhiBus (ixigo bus business) has onboarded FlixBus, Europe's largest intercity bus service to bring a new standard of bus travel to the country.
Sensex Today | Servotech to Install 11 public EV charging stations for BESCOM
Servotech Power Systems has secured a substantial contract to build 11 DC Fast EV charging stations from Bangalore Electricity Supply Company Limited (BESCOM).
Markets@1 | Nifty near 25100, Sensex up 450 pts
The Sensex was up 450.18 points or 0.55 percent at 82,009.72, and the Nifty was up 132.60 points or 0.53 percent at 25,069.
| Company | CMP Chg(%) | Today Vol 5D Avg Vol | Vol Chg(%) |
|---|---|---|---|
| Praxis Home Ret | 18.91 5% | 4.56m 62,437.80 | 7,201.00 |
| Beardsell | 46.21 11.43% | 3.01m 87,934.60 | 3,323.00 |
| Salasar Ext | 17.80 0.28% | 1.03m 35,000.00 | 2,846.00 |
| Vraj Iron | 247.39 16.79% | 4.43m 159,306.80 | 2,678.00 |
| Sapphire Foods | 333.15 2.01% | 1.41m 68,650.00 | 1,950.00 |
| Archies | 35.10 13.63% | 2.94m 144,166.40 | 1,937.00 |
| Sarveshwar Food | 11.68 9.77% | 38.61m 2,115,607.80 | 1,725.00 |
| Globus Spirits | 1,280.70 17.45% | 1.59m 98,250.40 | 1,516.00 |
| Nandan Denim | 64.65 0.86% | 7.44m 473,894.40 | 1,470.00 |
| Gopal Snacks | 354.05 8.45% | 2.89m 195,185.00 | 1,379.00 |
Sensex Today | Rajnish Wellness to open 33 new Dava Discount plus Grocery Stores/ Supermarket across India with an estimated investment of Rs 50 crore
Stock Market LIVE Updates | Mphasis opens opens Innovation Hub in London
Sensex Today | Nifty50 index recovers more than 160 points from day's low
Brokerage Call | Private life Insurance players continued to outpace the overall industry: Nomura
#1 Growth was soft in August
#2 Growth of the public insurance industry was muted
#3 Private players’ market share increased to nearly 70 percent
#4 YTD FY25 growth came in at 17 percent/23 percent YoY for the overall industry/private players
Sensex Today | BSE Sensex recovers more than 500 points from day's low
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Zee Entertain | 141.40 | 6.29 | 26.84m |
| One 97 Paytm | 666.20 | 6.14 | 25.77m |
| Suzlon Energy | 78.05 | 4.99 | 137.14m |
| COFORGE LTD. | 6,773.35 | 4.35 | 567.56k |
| Laurus Labs | 511.10 | 4.1 | 7.43m |
| Indian Hotels | 692.55 | 4.01 | 4.17m |
| Tata Comm | 2,002.80 | 4 | 600.11k |
| Jubilant Food | 664.30 | 3.41 | 1.90m |
| SJVN | 130.01 | 3.01 | 7.79m |
| Gland | 1,955.00 | 2.97 | 120.94k |
IPO Check | P N Gadgil Jewellers subscribed at 0.77 times on Day 1
QIB – 0.00 times
NII – 0.97 times
Retail – 1.13 times
Overall – 0.77 times
Stock Market LIVE Updates | Vakrangee shares gain most in a month
Stock Market LIVE Updates | Allied Blenders & Distillers appoints Anil Somani as CFO
Sensex Today | 1.19 million shares of Easy Trip Planners change hands in a block: Bloomberg
Stock Market LIVE Updates | Indian Hotels shares gain nearly 4%
Stock Market LIVE Updates | Tata Motors slashes EV prices
IPO Check | Subscribe Premier Energies, says KRChoksey
Premier Energies is a leading player in India’s solar manufacturing sector and the second-largest integrated manufacturer of solar cells and modules in the country, with a capacity of 2 GW for solar cells and 4.13 GW for modules.
The company has shown strong performance with a 105% CAGR in revenue from FY 2022 to FY 2024, achieving a ROE of 44% and a ROCE of 26% in FY24. Strategic initiatives such as expanding into TOPCon technology and wafer production, alongside benefiting from India’s favorable domestic content requirements, position Premier Energies to capitalize on the growing solar energy market.
With India targeting 500 GW of non-fossil fuel capacity by 2030 and expanding export opportunities to markets like the USA, Premier Energies plans to add a 1 GW TOPCon solar cell manufacturing plant by FY25 and further expand with an additional 4 GW TOPCon solar cell line and 4 GW TOPCon solar module line.
A robust order book of Rs 59,266 million across DCR and non-DCR solar modules, solar cells, and EPC projects provides strong growth visibility for the near to medium term.
The company is valued at a P/E multiple of 87.7x FY24 adjusted EPS , which is in line with or cheaper than its some of the similar companies, leading us to assign a SUBSCRIBE rating for the IPO of Premier Energies
| Company | 52-Week High | Day’s High | CMP |
|---|---|---|---|
| FDC | 603.80 | 603.80 | 593.95 |
| Glenmark Life | 1275.00 | 1275.00 | 1,256.85 |
| Laurus Labs | 518.00 | 518.00 | 511.55 |
| Divis Labs | 5376.95 | 5376.95 | 5,370.00 |
| Indian Hotels | 693.60 | 693.60 | 690.25 |
| Ajanta Pharma | 3473.70 | 3473.70 | 3,414.15 |
| Inox Wind | 245.00 | 245.00 | 242.09 |
| Honasa Consumer | 543.00 | 543.00 | 537.65 |
| Piramal Pharma | 229.60 | 229.60 | 224.90 |
| Radico Khaitan | 2051.90 | 2051.90 | 2,032.10 |
Sensex Today | 1.22 million shares of Gail India change hands in a block trade: Bloomberg
Stock Market LIVE Updates | MIC Electronics bags order worth Rs 1.33 crore
MIC Electronics has received a Letter of Acceptance from the Salem Division of the Southern Railway Zone for the provision of Telecom based passenger amenities at SGE, SA and provision of FIOSNET at ELS, Erode.
The aggregate value of the said work order is Rs 1,33,08,976.53.
IPO Check | Kross subscribed at 1.50 times on Day 2
QIB – 0.00 times
NII – 1.20 times
Retail – 2.48 times
Overall – 1.50 times
IPO Check | Bajaj Housing Finance subscribed at 3.52 times on Day 2
QIB – 1.09 times
NII – 8.43 times
Retail – 2.64 times
Employee Reserved – 0.63 times
Reservation Portion (shareholder) – 5.36
Overall – 3.52 times
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Divis Labs | 5,357.55 | 3.56 | 998.02k |
| LTIMindtree | 6,326.20 | 2.92 | 436.37k |
| Infosys | 1,926.60 | 1.69 | 2.56m |
| Bharti Airtel | 1,568.15 | 1.65 | 2.49m |
| Power Grid Corp | 333.75 | 1.58 | 6.28m |
| Axis Bank | 1,187.30 | 1.4 | 4.16m |
| NTPC | 394.70 | 1.24 | 7.48m |
| Nestle | 2,547.50 | 1.22 | 762.14k |
| TATA Cons. Prod | 1,206.00 | 1.17 | 568.80k |
| TCS | 4,499.75 | 1.13 | 538.82k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| HDFC Life | 709.00 | -3.64 | 2.75m |
| Bajaj Finserv | 1,820.00 | -2.17 | 1.05m |
| SBI Life Insura | 1,861.15 | -2.13 | 1.22m |
| Shriram Finance | 3,249.85 | -1.99 | 492.31k |
| Bajaj Finance | 7,230.10 | -1.6 | 677.70k |
| Grasim | 2,691.00 | -0.71 | 161.55k |
| Hero Motocorp | 5,706.30 | -0.68 | 435.59k |
| M&M | 2,692.35 | -0.61 | 915.65k |
| BPCL | 345.80 | -0.58 | 4.25m |
| HUL | 2,910.70 | -0.38 | 815.06k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Divis Labs | 5,355.05 | 3.51 | 995.47k |
| Biocon | 382.50 | 1.3 | 4.85m |
| Sun Pharma | 1,841.70 | 1.09 | 504.79k |
| Cipla | 1,635.35 | 0.94 | 413.60k |
| Zydus Life | 1,112.05 | 0.72 | 277.85k |
| Alkem Lab | 6,310.00 | 0.67 | 83.98k |
| Lupin | 2,224.50 | 0.35 | 313.59k |
| Dr Reddys Labs | 6,666.05 | 0.15 | 294.88k |
| Aurobindo Pharm | 1,519.85 | 0.09 | 228.05k |
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY AUTO | 25542.45 0.19 | 37.19 -1.89 | 0.77 58.62 |
| NIFTY IT | 42504.90 1.4 | 19.68 -0.81 | 8.87 31.12 |
| NIFTY PHARMA | 23255.40 1.07 | 38.16 1.05 | 4.71 52.49 |
| NIFTY FMCG | 64769.10 0.47 | 13.66 2.02 | 4.20 25.09 |
| NIFTY PSU BANK | 6650.55 0.13 | 16.40 -4.95 | -4.92 41.31 |
| NIFTY METAL | 9128.70 0.33 | 14.42 -1.36 | 1.00 30.82 |
| NIFTY REALTY | 1033.10 0.34 | 31.93 -1.18 | 1.06 74.69 |
| NIFTY ENERGY | 42210.30 0.68 | 26.12 -2.91 | -2.33 53.84 |
| NIFTY INFRA | 9215.35 0.66 | 26.18 -1.67 | 0.53 47.94 |
| NIFTY MEDIA | 2102.85 2.47 | -11.95 1.86 | 0.06 -12.91 |
| Company | CMP Chg(%) | Volume | Value(Rs cr) |
|---|---|---|---|
| HDFC Bank | 1,648.20 0.1 | 4.50m | 740.73 |
| ICICI Bank | 1,232.50 -0.2 | 5.72m | 706.33 |
| Reliance | 2,929.55 0.16 | 2.27m | 665.16 |
| Divis Labs | 5,351.00 3.43 | 976.51k | 520.11 |
| Axis Bank | 1,186.55 1.34 | 4.00m | 473.88 |
Stock Market LIVE Updates | ITI bags order worth Rs 300 crore for solar street light systems in Bihar
Stock Market LIVE Updates | SEPC bags order worth Rs 183 crore from Bihar Government’s Irrigation Division
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Suzlon Energy | 77.94 | 4.84 | 19.52m |
| Tata Power | 434.80 | 4.06 | 1.40m |
| JSW Energy | 744.10 | 1.76 | 144.86k |
| CG Power | 673.35 | 1.44 | 28.99k |
| Power Grid Corp | 333.05 | 1.37 | 106.51k |
| NTPC | 394.05 | 1.05 | 378.58k |
| Adani Green Ene | 1,881.95 | 0.74 | 21.38k |
| NHPC | 95.40 | 0.53 | 600.16k |
| Adani Energy | 1,011.35 | 0.52 | 15.89k |
| Adani Power | 637.55 | 0.32 | 171.80k |
Stock Market LIVE Updates | Hathway Cable gains 5%, most in 8 weeks
Ather Energy’s venture debt backers set for big repayment from IPO
Ather plans to raise Rs 3,100 crore from fresh issue of shares, of which Rs 378.2 crore will go towards repayment of loans to Alteria Capital (Fund I and II), Innoven Capital India Fund, Stride Venture Debt (Fund II and III) and Nuvama Crossover Yield Opportunities Fund ...Read More
Stock Market LIVE Updates | Infosys and Proximus Group Strengthen their Strategic Collaboration
Brokerage Call | Jefferies maintains 'buy' rating on GMR Airports, target Rs 106
#1 See the Delhi International Airport deal as attractively priced
#2 Airports Authority Of India would continue to holds 26 percent equity stake of DIAL
#3 We haven't reviewed SOTP valuations for company as of now, given the deal is amid closure
#4 Over 50 percent of the valuation for GMR Airports in our SOTP comes from DIAL
Stock Market LIVE Updates | TCS in partnership with Mansfield Building Society in the UK
Tata Consultancy Services (TCS) has entered into a strategic partnership with Mansfield Building Society in the UK to digitally transform its business.
TCS will deploy its state-of-the-art digital banking solution, TCS BaNCSTM for Core Banking, along with its Digital Home Lending Solution, to enhance member and intermediary experiences and support Mansfield’s ambitious growth plans.
Brokerage Call | CLSA keeps 'outperform' call on ICICI Bank, target Rs 1,500
#1 Bank well placed on deposits and does not expect the cost of deposits to rise materially
#2 NIM is likely to be stable & rate cut would only result in a temporary NIM compression
#3 Bank is not guiding any cost-to-income ratio level but it is aiming to deliver profitable growth
Markets@11 | Sensex up 140 pts, Nifty up 24950
The Sensex was up 140.98 points or 0.17 percent at 81,700.52, and the Nifty was up 33.10 points or 0.13 percent at 24,969.50. About 2323 shares advanced, 925 shares declined, and 100 shares unchanged.
Stock Market LIVE Updates | Tata Power arm TP Solar starts production of solar cell at 4.3 GW solar cell & module manufacturing plant in Tirunelveli, Tamil Nadu
Stock Market LIVE Updates | Action Construction Equipment gets order from the Ministry of Defense for the supply of 99 forklifts
Brokerage Call | Jefferies keeps 'buy' rating on Axis Bank, target Rs 1,500
#1 Credit cost to normalise; prefer NIMs over growth
#2 Company reassured that surge in credit costs in Q1 can normalise
#3 Deposit growth is slower, but bank is managing funding-cost better that helps to holdon to NIMs
#4 Steps on premiumisation & corporate salary clients will steadily improve deposit franchise
#5 Valuations are at discount to peers; it stays among top picks
Stock Market LIVE Updates | JTL expands production capacity of Galvanized Iron (GI) plant in Mangaon, Maharashtra.
Sensex Today | Som Distilleries shares gain 5%, most in 15 weeks
Sensex Today | 3.7 crore shares (0.3% equity) worth Rs 254.3 crore of Suzlon changes hands at an average of Rs 77 per share
Stock Market LIVE Updates | Oberoi Realty appoints Anurag Saxena as executive assistant to managing director
Stock Market LIVE Updates | Aarti Drugs to buyback 6.65 lakh shares of company worth Rs 59.85 crore at Rs 900 per share
Stock Market LIVE Updates | Dixon Technologies arm Padget Electronics signs MOU with HP India Sales
Stock Market LIVE Updates | Hindustan Aeronautics appoints DK Sunil as CMD of the company w.e.f. September 9, 2024
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Indian Renew | 237.65 | 6.45 | 2.49m |
| Laurus Labs | 514.25 | 4.81 | 99.07k |
| Bayer CropScien | 6,495.20 | 3.45 | 501 |
| Ajanta Pharma | 3,406.00 | 3.31 | 4.00k |
| Vedant Fashions | 1,254.30 | 2.81 | 3.54k |
| Vodafone Idea | 13.56 | 2.73 | 17.44m |
| SJVN | 129.70 | 2.69 | 451.89k |
| Indian Hotels | 681.55 | 2.32 | 99.02k |
| Castrol | 261.95 | 2.16 | 149.97k |
| Gland | 1,942.25 | 2.08 | 3.42k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Summit Sec | 2,684.90 | 10.64 | 2.04k |
| Precision Wires | 200.00 | 9.32 | 114.54k |
| Oriental Hotels | 169.65 | 8.13 | 148.80k |
| Manoj Vaibhav G | 293.25 | 8.11 | 143.94k |
| Excel | 1,616.00 | 7.88 | 3.23k |
| Auto Stampings | 831.85 | 6.54 | 8.26k |
| Gravita India | 2,323.70 | 6.01 | 18.45k |
| Raghav Producti | 1,219.85 | 5.88 | 4.36k |
| DCM Shriram Ind | 202.00 | 5.79 | 31.05k |
| Suprajit Eng | 537.50 | 5.76 | 50.29k |
Stock Market LIVE Updates | Laurus Labs gains nearly 5%, up most in 14 weeks
Stock Market LIVE Updates | IREDA stock jumps 6% on MoU with SJVN, GMR Energy for 900 MW Nepal hydro project
Shares of the Indian Renewable Energy Development Agency Ltd. (IREDA) surged over 6 percent on September 10, a day after the company signed a Memorandum of Understanding (MoU) with SJVN Ltd., GMR Energy Ltd., and their associated companies for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal.
This collaboration aims to enhance regional energy security through the development of renewable energy infrastructure, the company said in a statement.
