The Sensex and Nifty slipped into the red during the final hour of trading on October 9 to eventually end along the flatline, dragged down by over 1 percent fall in heavyweights like RIL and HDFC Bank. This marked a sharp reversal after the indices had shown resilience throughout the day, supported by the Reserve Bank of India's decision to maintain rates while adopting a more neutral stance, signaling potential future rate cuts. At close, the Sensex was down 167.71 points, or 0.21 percent, at 81,467.10, while the Nifty edged up by 5.80 points, or 0.02 percent, to settle at 25,019.00. Market breadth remained positive with 2,580 shares advancing, 1,201 shares declining, and 93 shares remaining unchanged.
2/11
Torrent Power | CMP: Rs 1,930 | Shares surged over 6 percent a day after the company announced that it has secured a significant contract from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). The energy player received a letter of award for the long-term supply of 2,000 MW energy storage capacity from its upcoming InSTS Connected Pumped Hydro Storage Plant.
3/11
Divi’s Labs | CMP: Rs 5,988 | Shares of the pharma major jumped 8 percent after brokerage firm Citi initiated its coverage with a 'buy' rating and set a price target of Rs 6,400 for the stock, the highest on the Street. This suggests over a 15 percent upside from the previous closing price. With this, Citi also became the first brokerage to see Divi's Labs stock surpassing the Rs 6,000 mark.
4/11
Premier Energies | CMP: Rs 1,075 | Shares of the recently listed company rallied 6 percent after it announced a significant step forward in its renewable energy efforts. The company’s subsidiary, Premier Energies International, finalized a solar module supply agreement with BN Hybrid Power-1, a special purpose vehicle under BrightNight India. The first shipment of these modules is set to begin in July 2025.
Ajmera Realty | CMP: Rs 657 | The real estate major saw its share price rise around 4 percent after the company posted robust growth in its collections for the September quarter. The company’s collections grew by 20% to Rs 133 crore compared to Rs 111 crore in the previous year. Sequentially, however, Ajmera Realty’s collections fell by 20% from Rs 165 crore in the first quarter of this fiscal.
6/11
Senco Gold | CMP: Rs 1,418 | Shares of the company rallied over 4 percent after the company released a robust business update for the July-September period, highlighting strong retail growth in the quarter gone by. The company's retail growth was up 27 percent on the year while same-store-sales growth (SSSG) rose 20 percent in Q2 as against 4 percent in Q1. The company attributed its strong growth to consistent increase in gold prices, driven by central bank buying, Fed rate cut, and geopolitical tensions which led to the emergence of gold as a store of value.
7/11
Sobha | CMP: Rs 1,695 | Shares plunged over 3 percent, extending losses for a second session in a row after the company reported q muted business update for the September quarter. The realty major posted new area sales of 0.93 million square feet during Q2, generating sales worth Rs 1,179 crore at an average price realisation of 12,674 per square foot.
8/11
ONGC | CMP: Rs 288.50 | Shares of the Nifty company fell 2 percent after Crude oil futures fell more than 4% on Tuesday as the rally spurred by heightened geopolitical risk paused while the market waits for Israel to strike back against Iran.
Vodafone Idea | CMP: Rs 9.23 | Shares of the telecom major fell around 3 percent as investors rushed to book profits. This comes just a day after the stock climbed nearly 4 percent. Presently, the Department of Telecommunications (DoT) issued a notice to the company regarding the non-payment of bank guarantees required to cover past spectrum auction dues. The notice comes amid ongoing DoT discussions with the finance ministry regarding a waiver for the bank guarantee requirement.
10/11
FMCG Stocks | The FMCG sector saw a broad decline, with the FMCG index falling over 1 percent. This came after the RBI's monetary policy committee cited unseasonal rains and geopolitical tensions as key drivers of increased volatility in commodity prices, emphasizing the need for close monitoring.
11/11
JK Cement | CMP: Rs 4,340 | Shares slipped 2 percent on the back of a spike in short positions in the counter. Open interest in the stock was up over 4 percent, suggesting a rise in short bets from investors. JK Cement shares have showcased a weak trend off late, slipping 10 percent in the past month.
