Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services:
Domestic equities cheered impressive growth in India's Q1 GDP and core sector output. Nifty opened positive and strengthened during the day to close near the day’s high with gains of 182 points (+0.9%) at 19435 levels. Broader market too ended in green up almost 1%. All sectors participated in the rally, except for Pharma. Metals, Oil & Gas, PSU Bank, and Autos were major gainers today.
Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.
Railway stocks continue to log smart gains on the back of a strong order book and rising allocation in the rail infrastructure. PSU banks saw fresh buying after rating agency Fitch affirmed ratings on India’s PSU Banks. Overall, we expect the market to trade in a range with sector- and stock-specific actions as the broader market momentum remains positive.
Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty reversed the fall seen on Aug 31 and closed higher on Sept 01. At close, Nifty was up 0.94% or 181.5 points at 19435.3. Volumes on the NSE were higher than recent average. Broad market indices rose less than the Nifty even as the advance decline ratio remained firm at 1.69:1.
Asia-Pacific markets were mostly higher as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy. European stocks were broadly higher on Friday, as investors cheered signs of more stimulus from Beijing and data showing that the downturn in euro zone manufacturing eased last month. The Eurozone manufacturing PMI increased to a three-month high of 43.50 points in August from 42.70 points in July of 2023.
India's manufacturing activity maintained its growth momentum as new orders and output increased at the quickest pace in nearly three years in August. The India Manufacturing Purchasing Managers’ Index stood at 58.6 in August, the highest since May and up from 57.7 in July.
India’s Goods and Services Tax (GST) revenues for August 2023 have shown a growth of 11 percent year on year.
India's eight core sectors posted a growth of 8.0 percent in July, slightly lower than the 8.2 percent recorded in June, but higher than 4.8% in July 2022.
Nifty formed a near Engulfing bull pattern on Sept 01. On weekly charts it rose 0.88% following the inverted hammer pattern formed in the previous week. It could now head towards 19584 while 19229 could offer support.
Kunal Shah, Senior Technical & Derivative analyst at LKP Securities:
Bulls have regained strength and successfully defended the crucial support zone of 44,000-43,800. This area also witnesses fresh put writing, indicating strong support. The next immediate hurdle for the index is positioned at 44,500. A successful breakout above this level is likely to trigger a fresh upward movement. The overall sentiment and undertone in the Bank Nifty Index remain bullish, as long as the mentioned support levels of 44,000-43,800 are held on a closing basis.
Amol Athawale, Vice President - Technical Research, Kotak Securities:
Markets witnessed a sharp relief rally as short covering fuelled across the buying support aided by upbeat Q1 GDP numbers. This shows that despite hiccups in global macros coupled with FII outflows from the domestic market last month, India continues to buck the trend on economic growth parameters. While there will be some challenges going ahead due to weak monsoon activity, overseas funds may continue to bet on India due to signs of strong growth performance going ahead.
Technically, on daily and intraday charts the Nifty has formed a double bottom formation, which indicates strong possibility of a fresh uptrend rally from the current levels. In addition, a long bullish candle on daily charts also supports further uptrend from the current levels. For bulls now, 19350 would act as a sacrosanct support zone. Above the same, the index could rally till 19575. However, below 19350, the uptrend would be vulnerable and the index could slip till 19275-19220.
For Bank Nifty traders, 44200 would be the crucial support level, and above the same it could move up till 44700 and 45000. On the flip side, below 44200, the index could slip till 43900-43700 levels.
Aditya Gaggar Director of Progressive Shares
As indicated in the previous weekly note, Nifty50 reversed from the strong support zone of 19,200-19,250 and formed a bullish candlestick pattern to give a Bullish Flag breakout with a hidden bullish divergence in RSI. BankNifty has also reversed but it lacks momentum; a firm close above 45,000 is a must to resume its uptrend. The Auto and Metal sectors have given a much-awaited Bullish Flag and Pole formation breakout which suggests a continuation of an uptrend (Maruti: Cup and Handle Breakout, TVS Motors- Consolidation Breakout/ NMDC: Inverted Head & Shoulder breakout).
From the Energy segment, couple of stocks look strong; NTPC: Pennant and Pole Formation breakout, Tata Power: Pennant and Pole as well as Rounding Bottom Formation breakout.
9-month consolidation in the IT sector comes to an end with an Inverted Head and shoulder Formation breakout which is a reversal pattern; one can buy in small lots. With gains of 5.76%, the Realty sector regained its lost momentum and is all set to give a major breakout, one should keep an eye on the sector.
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities
Indian equities posted healthy gains this week. Large indices like BSE-30 and NSE-50 gave weekly return of close to 1%. Indian mid-cap and small-cap indices outperformed the large-cap index. On the sectoral front, BSE Metals and BSE Realty indices saw weekly gain in excess of 5%. Other sectors that gave healthy weekly gains includes BSE Commodities, BSE Auto, BSE Capital Goods and BSE Power. On the other hand, BSE FMCG index posted negative return. India’s real GDP growth in Q1FY24 came in at 7.8%. In the near term, markets is expected to keep a close watch on impact of weak monsoons in August 2023 and rising crude oil prices.
Rupak De, Senior Technical analyst at LKP Securities:
Nifty has started the September series on a bullish note, as the index has moved above the 21EMA for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment. Looking at the higher end of the spectrum, there is now a resistance level at 19,530 points. If the Nifty manages to breach this resistance, it could signal a continuation of the uptrend. On the lower end, there is strong support at 19,340 points.
Shibani Sircar Kurian, Senior EVP & Head- Equity Research, Kotak Mahindra Asset Management
Indian equity markets were volatile during the past week. However, over the last few months, equity markets have been buoyant on the back of the trinity of strong macro, robust earnings and flows. Mid-cap and small-cap indices outperformed the large-cap index. Foreign institutional investors (FIIs) and domestic Institutional investors (DIIs) continued to be net buyers of Indian equities. CYTD, net FII flows were strong to the tune of over USD16.5bn.
India’s macro fundamentals appear to be resilient with (1) a steady growth profile, (2) core inflation largely in check and (3) a comfortable external sector balance. As per the latest release, real GDP growth in 1QFY24 stood at 7.8% (4QFY23: 6.1%). Growth was broad-based. However, investment growth continued to outpace consumption growth.
All eyes are on the progress of the monsoons and impact of the same on the rural demand. As on 31 August, monsoons were 10% below its Long Period Average. India saw the driest August in 123 years. While we focus on monsoons, we must also keep in mind that with better irrigation techniques some of the dependence has reduced over the years. As of August 24, 2023, the total kharif acreage was 0.3% higher than the same period last year
In terms of valuations, equity markets are now trading above long term average valuations (on a one year forward P/E basis). Earnings delivery would therefore be key for the markets to sustain these valuations. Going ahead some of the factors that the markets likely would watch out for include a) consumer demand in the run up to the festive season, b) outlook on the US rate cycle and c) the trajectory of inflation in India and globally.
Dilip Parmar, Research Analyst, HDFC Securities:
Indian rupee started the September month on a positive note amid upbeat domestic economic data, stronger Chinese Yuan and risk-on moods. However, by looking at the past five-year seasonal pattern, the month remained the worst in the year for the rupee as it registered a five-year average depreciation of 1.1%. This September is full of risk events, including central bank meetings, a G20 summit and make-or-break economic data, which bode well for the haven dollar.
One should remain optimistic for the local rupee as the central bank will continue to intervene on both sides to manage the unwarranted volatility. In the near term, spot USDINR is expected to trade between 82.50 to 83.10.
Rupee Close:
Indian rupee ended higher at 82.71 per dollar on Friday versus Thursday's close of 82.78.
Market Close:
Benchmark indices ended higher on September 1 with Nifty above 19,400 amid buying across the sectors barring pharma.
At close, the Sensex was up 555.75 points or 0.86 percent at 65,387.16, and the Nifty was up 181.50 points or 0.94 percent at 19,435.30. About 2103 shares advanced, 1456 shares declined, and 108 shares unchanged.
Top gainers on the Nifty included NTPC, ONGC, JSW Steel, Tata Steel and Maruti Suzuki, while losers were Cipla, HDFC Life, Dr Reddy's Laboratories, UltraTech Cement and Nestle India.
Except pharma, all other sectoral indices ended in the green with power, metal, auto, oil & gas and bank up 1-2.7 percent.
The BSE midcap and smallcap indices gained 0.7 percent each.
Sensex Today | BSE Bank index up 1 percent supported by IndusInd Bank, Canara Bank, Axis Bank
Company | CMP | Chg(%) | Volume |
---|---|---|---|
IndusInd Bank | 1,415.30 | 2.8 | 64.10k |
Canara Bank | 328.40 | 2.46 | 373.05k |
Axis Bank | 990.95 | 1.74 | 640.00k |
Bank of Baroda | 190.40 | 1.71 | 2.11m |
SBI | 569.95 | 1.54 | 1.67m |
ICICI Bank | 968.50 | 1.07 | 699.52k |
Kotak Mahindra | 1,769.00 | 0.53 | 84.22k |
AU Small Financ | 723.85 | 0.21 | 27.58k |
HDFC Bank | 1,573.40 | 0.09 | 1.15m |
TVS Motor August Auto Sales | Total sales up 4% at 3.45 lakh units versus 3.33 lakh units, YoY.
Stock Market LIVE Updates | Bajaj Auto subsidiary Bajaj Auto Consumer Finance gets RBI nod for NBFC business
Bajaj Auto Consumer Finance Limited, the wholly-owned subsidiary of Bajaj Auto Limited, has received from RBI a Certificate of Registration to commence/carry on the business of nonbanking financial institution without accepting public deposits, subject to the conditions given in the said certificate.
Sensex Today | Jefferies View On Real Estate
-Residential property market continued to see double-digit volume & pricing gains in Q2
-Listed developer sales trailed broader market in Q1, largely on low inventory
-Timely launches should reverse this trend
-Mortgage rates have been flat in 6 months & affordability is at average levels
-Godrej Properties, Macrotech and DLF are preferred picks
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Phoenix Mills | 1,851.60 | 2.73 | 9.22k |
Macrotech Dev | 680.00 | 1.45 | 15.37k |
Indiabulls Real | 81.03 | 1.39 | 821.29k |
Prestige Estate | 650.40 | 1.15 | 40.93k |
Brigade Ent | 596.70 | 0.94 | 1.77k |
Mahindra Life | 569.90 | 0.48 | 16.09k |
Oberoi Realty | 1,124.40 | 0.37 | 7.41k |
Sobha | 611.35 | 0.19 | 4.74k |
DLF | 504.00 | 0.05 | 82.00k |
Sensex Today | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas
Indian Rupee appreciated on Friday on upbeat macroeconomic data from India and surge in domestic equities. India’s economy expanded to a 1-year high by 7.8% in Q1 FY24 vs 6.1% in Q4 FY23 and forecast of 7.7%. Manufacturing PMI also expanded to 58.6 in August vs 57.7 in July. However, strong US Dollar and surge in crude oil prices capped sharp gains. US Dollar rose on Thursday on favourable economic data from US. Core PCE Price index and weekly unemployment claims topped forecast, raising hawkish expectations.
We expect Rupee to trade with a slight negative bias on rising US Dollar and surge in crude oil prices. However, rise in risk appetite in global markets may support Rupee at lower levels. Traders may remain cautious ahead of US non-farm payroll report and ISM manufacturing PMI data. USDINR spot price is expected to trade in a range of Rs 82.30 to Rs 83.20.
Stock Market LIVE Updates | Citi View On Emami
-Upgrade to buy rating, target raised to Rs 600 from Rs 455 per share
-Expect company to benefit from investments behind long-term strategic initiatives
-Believe company is well placed to benefit from potential recovery in demand trends
-Expect margin expansion led by input cost moderation
Sensex Today | Dollar set for weekly loss ahead of key jobs data; PBOC buoys yuan
The dollar was on course to snap a six-week winning streak against other major currencies on Friday, as it headed into a pivotal monthly U.S. jobs report that is likely to shape the path for Federal Reserve policy over the near term.
A drop in U.S. Treasury yields this week after mostly soft economic data sent the dollar to a one-week low against the yen.
However, the greenback held on to gains made against the euro and sterling overnight after officials at the respective central banks struck more dovish postures ahead of policy meetings this month.
Elsewhere, the yuan strengthened after the People's Bank of China cut forex reserve requirements for the first time in a year.
The U.S. dollar index - which measures the currency against a basket of six others, including the euro, sterling and yen - eased 0.12% to 103.61 on Friday, bringing declines this week to 0.53%. It posted its strongest monthly performance in August in three months, with a gain of 1.7%.
Sensex Today | Market at 3 PM
The Sensex was up 583.92 points or 0.90 percent at 65,415.33, and the Nifty was up 194.40 points or 1.01 percent at 19,448.20. About 1881 shares advanced, 1247 shares declined, and 93 shares unchanged.
Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
---|---|---|---|
SENSEX | 65419.93 0.91 | 7.53 0.82 | -1.56 11.32 |
BSE 200 | 8507.90 0.93 | 8.35 1.20 | -0.48 10.05 |
BSE MIDCAP | 31461.10 0.83 | 24.28 2.42 | 3.66 23.11 |
BSE SMALLCAP | 37440.72 0.8 | 29.43 3.84 | 6.43 30.05 |
BSE BANKEX | 49944.77 1.16 | 2.12 0.34 | -2.70 10.95 |
Sensex Today | BSE Auto index rose 1 percent led by Maruti Suzuki, TVS Motor Company, Tube Investments of India
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Maruti Suzuki | 10,348.85 | 3.42 | 72.89k |
Tube Investment | 2,994.20 | 3.15 | 15.11k |
TVS Motor | 1,454.05 | 2.44 | 28.93k |
MOTHERSON | 97.73 | 1.96 | 860.71k |
Bosch | 18,941.00 | 1.91 | 1.36k |
Eicher Motors | 3,400.45 | 1.88 | 21.41k |
Balkrishna Ind | 2,363.30 | 1.61 | 4.78k |
Bajaj Auto | 4,683.70 | 1.53 | 15.70k |
Tata Motors | 610.20 | 1.51 | 1.14m |
UNO Minda | 610.20 | 1.35 | 7.39k |
Stock Market LIVE Updates | Citi View On FSN E-Commerce Ventures (Nykaa)
-Buy rating, target at Rs 170 per share
-Ad revenue should revive ahead of/during upcoming festive season
-Fashion growth has likely bottomed out, marketing efficiency can sharply improve
-Significant part of B2B investments done, incremental investments to continue
-BPC ad revenue declined to <5% of GMV in Q1
-Net ad revenue exclusive above contribution spends stood at 2% of FY23 net sales
Company | CMP | Chg(%) | 30 SMA |
---|---|---|---|
WE WIN | 109.45 | 23.35 | 88.73 |
Shree Ram Prot | 2.9 | 21.34 | 2.39 |
Tirupati Forge | 10.05 | 17.27 | 8.57 |
Rollatainers | 1.3 | 17.12 | 1.11 |
WS Industries | 135.65 | 16.91 | 116.03 |
Maan Aluminium | 92.45 | 16.86 | 79.11 |
Mahalaxmi Rub | 182 | 13.96 | 159.7 |
Spectrum Talent | 151.2 | 13.93 | 132.71 |
Virinchi | 41.5 | 12.74 | 36.81 |
Rossell India | 483 | 12.52 | 429.24 |
Ashok Leyland August Auto Sales | Total sales were up 10% at 15,576 units versus 14,121 units, YoY.
Century Plyboards has informed that due to the present political turmoil in Gabon, Africa, the manufacturing operations of Century Gabon SUARL, wholly owned subsidiary (WOS) of the company was partially impacted. The manufacturing plant thereat was shut down for a day (30th August, 2023) and has restored its normal operations from 31st August, 2023.
Coal India August production up 13.2% at 52.3 MT versus 46.2 MT and Offtake was up 15.3% at 59 MT versus 51.2 MT, YoY.
Stock Market LIVE Updates | Mahindra Logistics partners with Flipkart for enhanced operations and innovation
Mahindra Logistics is teaming up with Flipkart to enhance operational efficiency and innovation. They will provide dedicated heavy commercial vehicles and advanced analytics for Flipkart's nationwide operations. These vehicles will prioritize safety with Advanced Driver-Assistance systems and other security and comfort features.
Stock Market LIVE Updates | Gail India gains 4% after huge block deal
Shares of Gail India Ltd surged over 4 percent after a huge block deal. Around 2.54 million shares changed hands in two bunch trades, according to Bloomberg. However, details of buyers and sellers were not known.
Tata Motors August Auto Sales | Total sales down 1 percent at 78,010 units versus 78,800 units, YoY.
Company | 52-Week High | Day’s High | CMP |
---|---|---|---|
NTPC | 230.75 | 230.75 | 230.00 |
ONGC | 184.75 | 184.75 | 181.60 |
Tata Steel | 128.70 | 128.70 | 126.85 |
Maruti Suzuki | 10260.00 | 10260.00 | 10,248.60 |
M&M | 1604.50 | 1604.50 | 1,595.30 |
Stock Market LIVE Updates | BSE shares soar 7 percent after buyback offer price raised to Rs 1,080
BSE Limited shares surged nearly 7 percent on September 1 after the company announced an increased buyback offer price of Rs 1,080 -- a significant 32% rise over the Rs 816 announced earlier.
The recent surge in the stock’s price is being seen as the reason for the revised buyback offer price. At 11:30 am on September 1, BSE shares hit a fresh 52- week high and was trading up 6.6 percent at Rs 1133. The buyback price remains lower than the current market price. Read More
BSE's revised buyback offer price amounts to a total consideration of Rs 374 crore. “The offer price is payable in cash, for an aggregate maximum amount not exceeding Rs 374 crore (excluding any Transaction Cost)” said the BSE filing. The shareholders eligible to participate in the buyback shall now be revealed on the set record date of September 14, 2023. Read More
Stock Market LIVE Updates | Navneet Education hits 52-week high after management rejigs business
Shares of Navneet Education Limited surged over 5 percent to hit a 52-week high of Rs 163 in early trade on September 1 after the company decided to make a slew of changes aimed at rationalising the group structure and achieving better synergies.
"The company's board of directors have approved the amalgamation of a step-down subsidiary and demerger of the ed-tech business of Navneet Futuretech Limited into Navneet Education Limited," the company said in an exchange disclosure on August 31. Read More
Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
---|---|---|---|
BSE Auto | 35920.35 1.15 | 24.19 2.96 | -0.02 18.05 |
BSE CAP GOODS | 45373.40 0.35 | 36.08 3.14 | 3.43 39.83 |
BSE FMCG | 18524.68 0.32 | 15.24 -0.46 | -2.23 16.92 |
BSE Metal | 22388.63 2.62 | 7.35 5.32 | 0.18 18.66 |
BSE Oil & Gas | 18724.74 1.51 | -8.25 0.09 | -3.43 -6.05 |
BSE REALTY | 4491.53 0.52 | 30.31 5.24 | 0.81 20.41 |
BSE IT | 31840.99 0.99 | 11.05 1.84 | 4.10 12.00 |
BSE HEALTHCARE | 27736.91 -0.57 | 20.42 0.34 | 0.33 21.58 |
BSE POWER | 4451.48 2.29 | 1.60 3.00 | 1.96 -13.85 |
BSE Cons Durables | 44631.76 0.15 | 12.36 2.31 | 4.53 4.63 |
Stock Market LIVE Updates | ONGC hits 52-week high after Fitch forecasts stable outlook
Shares of Oil and Natural Gas Corporation Limited (ONGC) traded over 5 percent higher to hit a 52-week high at Rs 183 on September 1 after Fitch Ratings gave a stamp of approval by affirming a BBB rating (stable outlook) to the PSU.
This rating shows that ONGC is considered to have a moderate level of creditworthiness. Additionally, Fitch has said that the future outlook for ONGC is stable.
"We maintain ONGC's Standalone Credit Profile (SCP) at 'bbb+', which reflects ONGC's scale as the largest oil and gas (O&G) producer in India, its significant reserves and production, and its vertically integrated and geographically diversified business model, which are comparable with that of peers rated in the 'A' category by Fitch," it said in a statement on August 31.
Stock Market LIVE Updates | IDFC Bank trades lower after 4.5% equity changes hands
IDFC First Bank was trading with minor cuts in the afternoon session on September 1 after shares worth Rs 2,526 crore changed hands in a block deal.
A total of 28.1 crore shares, representing 4.5 percent equity stake, changed hands at Rs 90 apiece, taking the transaction size to Rs 2,526 crore, exchange data shows.
The buyers and sellers could not be identified immediately.
IDFC First Bank is among the eight stocks to have made its way into MSCI Global Standard Index on August 31, which is expected to give a boost to fund flows. Read More
Eicher Motors August Auto Sales | Total CV sales up 29.4% at 6,476 units versus 5,003 units, YoY.
Stock Market LIVE Updates | Government appoints Sanjay Swarup as Chairman & MD of Container Corporation
The Central Government has appointed Sanjay Swarup as the Chairman & Managing Director of Container Corporation of India. Sanjay Swarup is currently Director (International Marketing & Operations) at Container Corporation.
Maruti Suzuki August Auto Sales | Total sales were up 14.5% at 1.89 lakh units versus 1.65 lakh units, YoY.
Sensex Today | BSE Power index gained 1 percent led by BHEL, NTPC, Tata Power
Company | CMP | Chg(%) | Volume |
---|---|---|---|
BHEL | 134.50 | 10.88 | 8.95m |
NTPC | 230.00 | 4.57 | 1.17m |
Tata Power | 252.80 | 3.16 | 1.29m |
Adani Power | 328.25 | 2.24 | 1.27m |
Power Grid Corp | 249.85 | 2.15 | 332.43k |
Adani Energy | 825.80 | 1.68 | 202.57k |
JSW Energy | 355.00 | 1.3 | 32.42k |
Adani Green Ene | 940.00 | 1.29 | 85.91k |
NHPC | 50.81 | 1.09 | 1.01m |
Stock Market LIVE Updates | NMDC August Production and Sales data:
Production up 37.5 percent at 3.41 million tonne against 2.48 million tonne and sales were up 25 percent at 3.54 million tonne versus 2.83 million tonne, YoY.
Sensex Today | Market at 1 PM
The Sensex was up 397.80 points or 0.61 percent at 65,229.21, and the Nifty was up 138.00 points or 0.72 percent at 19,391.80. About 1875 shares advanced, 1182 shares declined, and 116 shares unchanged.
Company | CMP | Chg(%) | Volume |
---|---|---|---|
NTPC | 230.00 | 4.57 | 1.15m |
Tata Steel | 126.55 | 2.89 | 5.80m |
IndusInd Bank | 1,409.45 | 2.38 | 27.73k |
Power Grid Corp | 249.90 | 2.17 | 329.22k |
JSW Steel | 795.75 | 2.03 | 101.01k |
Tata Motors | 611.75 | 1.77 | 570.61k |
Tech Mahindra | 1,219.70 | 1.49 | 28.92k |
Bajaj Finance | 7,269.25 | 1.45 | 25.57k |
Maruti Suzuki | 10,151.95 | 1.45 | 39.26k |
Bajaj Finserv | 1,509.50 | 1.43 | 21.95k |
Company | CMP | Chg(%) | Volume |
---|---|---|---|
UltraTechCement | 8,269.85 | -0.54 | 2.00k |
Nestle | 21,906.85 | -0.39 | 663 |
HDFC Bank | 1,567.90 | -0.26 | 510.68k |
Sun Pharma | 1,110.00 | -0.2 | 27.80k |
Sensex Today | Nifty Pharma index down 0.6 percent dragged by Torrent Pharma, Zydus Life, Cipla
Company | CMP | Chg(%) | Volume |
---|---|---|---|
Torrent Pharma | 1,778.00 | -3.5 | 1.73m |
Zydus Life | 614.60 | -1.8 | 630.60k |
Cipla | 1,247.15 | -0.83 | 816.80k |
Divis Labs | 3,564.45 | -0.77 | 365.90k |
Dr Reddys Labs | 5,572.70 | -0.63 | 150.30k |
Alkem Lab | 3,622.75 | -0.55 | 73.31k |
Lupin | 1,092.45 | -0.49 | 246.55k |
Sun Pharma | 1,108.65 | -0.27 | 1.43m |
Aurobindo Pharm | 829.90 | -0.01 | 571.38k |
VST Tillers August Auto Sales | Total sales up 12% at 4,037 units versus 3,602 units, YoY.
Stock Market LIVE Updates | Zydus receives final approval from the USFDA for Erythromycin Tablets
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for Erythromycin Tablets USP, 250 mg and 500 mg.
Sensex Today | Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities:
Gold prices retreated on Friday, with spot gold at Comex trading down by 0.05% at $1938 per ounce in the morning session. Gold prices reversed from a multiweek high in the previous session on the back of mixed US economic data and an uptick in the dollar index. The dollar index showed more than 0.40% of daily gains in the previous session, putting pressure on precious metals. On the macro front, the Fed’s preferred inflation metric came in line with economists’ forecasts. The US Core PCE Price Index matched expectations of 4.2% YoY and 0.2% MoM versus 4.1% and 0.2%, respectively. We believe traders are looking ahead to the US non-farm jobs report due later today, which is expected to show a smaller rise in payrolls in August.
Any major change in payroll data from expectations could cause volatility in bullion. From a technical perspective, Comex spot gold has resistance at USD 1950 and support at USD 1924 for the day. The MCX Gold October future is expected to trade in a range of 59025 to 59580.
Stock Market LIVE Updates | Eicher Motors launches 2023 Bullet 350 starting at Rs 1.73 lakh
Royal Enfield today announced the launch of the all-new 2023 Bullet 350. Introduced on Royal Enfield’s proven, super-refined and smooth J-series
engine platform.
The 2023 Bullet 350 is powered by the modern, globally acclaimed 349cc air-oil cooled single cylinder engine that also powers the Meteor, Classic and Hunter
The 2023 Bullet 350 is released in three distinct editions. Ex-showroom price for the motorcycle will be Rs 1,73,562 for the Military Black and Red, Rs 1,97,436/- for the Standard, and Rs 2,15,801/- for the Bullet Black Gold.
Sensex Today | BSE Oil & Gas index rose 1 percent led by ONGC, Gail India, Gujarat Gas
Company | CMP | Chg(%) | Volume |
---|---|---|---|
ONGC | 181.80 | 4.33 | 1.22m |
GAIL | 118.90 | 3.35 | 954.87k |
Gujarat Gas | 455.15 | 1.27 | 133.27k |
Reliance | 2,415.50 | 0.36 | 129.32k |
BPCL | 341.60 | 0.31 | 130.26k |