Stocks including Reliance Industries, YES Bank, IREDA, Dixon Tech, Medplus, Genus Power, UCO Bank and more may remain under the spotlight on Wednesday, September 11.

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 66,760.

Traders reduced their bullish bets on insurers after the GST Council left rates on insurance products unchanged. HDFC Life, ICICI Prudential Life, and ICICI Lombard saw declines. The industry is lobbying for a rate cut from 18% to 12%. A group of ministers will review the proposal before the next meeting in November.

Tata Power stock: Axis Capital said the 4GW plant is likely to be fully ramped up and available starting FY26. The Tamil Nadu facility will initially cater to the company’s solar projects, it said.

Share market today: Market participants today will analyse the ongoing US presidential debate. They will also focus on US inflation report, oil prices, and IPOs back home

Vedanta Resources has launched a dollar bond issue at a final price guidance of 10.875%, with an order book of $1.6 billion. The proceeds will refinance bonds due in 2027 and 2028, potentially reducing funding costs by over 300 basis points. The bonds are rated B- by S&P and have a five-year tenure.

The Reserve Bank of India has been actively intervening in the currency market to prevent the rupee from breaching the 84 per dollar mark. This strategy involves selling and purchasing dollars to maintain exchange-rate stability amid a broader trade deficit and global economic uncertainties.

Gold prices remained steady as investors awaited key U.S. inflation data, which could provide insights into potential interest rate cuts by the Federal Reserve. Spot gold edged up 0.1% to $2,517.80 per ounce. The U.S. Consumer Price Index data is expected to show a 0.2% rise month-on-month for August.

Stock Market LIVE updates: Indian markets were likely to start on a muted note on Wednesday, driven by the cautious mood in global markets, ahead of US consumer inflation figures.

The dollar weakened against major currencies as investors await key inflation data and a U.S. presidential debate. Safe-haven currencies like the yen and Swiss franc gained amid a drop in bank shares. The Federal Reserve is expected to cut interest rates next week, with the size of the cut still uncertain.

An analyst from Swastika Investmart said that Nykaa has witnessed a breakout of a triangle formation, which is generally considered a bullish signal. It retested its previous breakout levels.

Crude oil prices rose on Wednesday as concerns about Tropical Storm Francine disrupting supply outweighed demand worries. Brent crude futures increased to $69.58 a barrel, while U.S. crude futures reached $66.19 a barrel. The storm has led to the suspension of some production facilities in the Gulf of Mexico.

PI Industries is in a strong uptrend and holding the gains at higher zones.

Spot gold was trading with a gain of around 0.20 per cent at $2514 at the time of the MCX closing. The MCX October gold contract at Rs 71,903 (LTP) was up 0.38 per cent.

Attributing the high unemployment rate in FY22 in the State to the global post-Covid economic slowdown in sectors such as hospitality and civil aviation, Chief Principal Secretary to the Chief Minister, Rajesh Khullar told The Hindu that job creation, both in the public and private sector, had been the Government’s top priority

Asian stocks fluctuated as investors await U.S. inflation data and a crucial presidential debate between Kamala Harris and Donald Trump. The debate could influence fiscal policies and economic plans. Oil prices remained near three-year lows due to weak demand concerns, while the U.S. dollar stayed defensive.

The tax exemption on interest earned from FCNR deposits also applies to RFC deposits.

The Nifty Bank Index is currently range-bound between the levels of 51,375 and 51,175. A breakout or breakdown from this range will likely trigger momentum in the respective direction.

Revenue growth for the Indian IT services companies has remained tepid in the last five-six quarters as the sector continues to face challenges

The initial share sale got bids for 5,45,85,77,822 shares against 72,75,75,756 shares on offer, as per NSE data

Vegetarian Burmese restaurant chain Burma Burma plans to go public with an IPO by 2027. The company aims to triple its footprint and reach Rs 300 crore in revenues before the IPO. They recently raised $2 million and are looking to expand further in India and potentially internationally.

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

Raising deposits to keep pace with the loan growth is high on lenders’ agenda

Investors are increasingly jittery ahead of the first US presidential debate between Kamala Harris and Donald Trump. Volatility measures are rising, reflecting uncertainty in the tight race. The debate could significantly impact market sentiment amid mixed economic signals and ongoing political risks.

The main international oil contract, Brent crude, fell below $70 per barrel on Tuesday for the first time since December 2021 amid concerns about slowing economic growth depressing fuel demand. Brent crude slumped 3.7 percent in afternoon trading to $69.15 per barrel while the main US contract, West Texas Intermediate (WTI), tumbled 4.1 percent to $65.90. lul/zap/rl/gv

The main international oil contract, Brent crude, fell below $70 per barrel on Tuesday for the first time since December 2021 amid concerns about slowing economic growth depressing fuel demand. Brent crude slumped 3.7 percent in afternoon trading to $69.15 per barrel while the main US contract, West Texas Intermediate (WTI), tumbled 4.1 percent to $65.90. lul/zap/rl/gv

This issuance comes at a time when banks have been aggressively mobilising capital through debt markets this year as credit growth remains much higher than deposit growth. Banks and financial institutions raise money through infrastructure bonds to finance long-term infrastructure projects. Indian Bank plans to raise funds for refinancing purposes.

The collective weight of the consumption-related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the portfolios of foreign portfolio investors (FPIs) reached a record high 25.5% at the end of August 2024, according to data from NSDL.

Premier Energies share price: The stock, which staged a solid market debut on September 3 last week, rose 4.84 per cent to hit a new record high value of Rs 1,264.90. As the session progressed, it gave up entire intraday gains and settled 2.60 per cent lower at Rs 1,175.10.

As a finance company at GIFT City

The investment firms that own Switch have in recent weeks held preliminary talks with investment bankers on the potential stock market flotation that could happen as early as 2025

Ramco Systems announced the release of version 6.0 of its Aviation Software - a revolutionary product release designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration. An integrated solution with modules for Contracts, Engineering, Planning, Maintenance, Supply Chain Management, Finance, ePUBS and advanced mobility capabilities, Ramco Aviation Software 6.0 is built to handle the challenges of tomorrow.The release introduces many unparalleled features that enable organizations to digitally transform their maintenance execution processes, as well as their management of flight safety, materials and commercials, with some of the key features and modules including:

A Memorandum of Understanding (MoU) was signed between Indian entities comprising of Oil India, OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE on 10 September 2024 for global cooperation in Critical Mineral supply chain primarily with the objective of collaboration, identification, acquisition, and development of Critical Mineral projects on a global scale, including India.

The airline said there is a significant debt relief and Carlyle Aviation will write off $40.17 million in lease arrears

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders.

The S&P 500 and Nasdaq saw gains as most megacap stocks rose, with Tesla leading the way. Investors are now focusing on key inflation data due later this week. Apple fell after losing a tax battle in the EU, while Oracle surged following strong quarterly results.

The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday. The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed.

From Salem Division of the Southern Railway Zone

With a distinguished career spanning over 32 years, he brings a wealth of experience and expertise to ABDL; having held prominent finance roles in Fortune 500 companies across sectors including manufacturing, retail, and the Big 4 firms.

Ventive Hospitality has filed its draft red herring prospectus with Sebi for a Rs 2,000 crore IPO. The company, owning luxury assets operated by global brands like Marriott and Hilton, features 11 assets across India and Maldives.

Bajaj Housing Finance IPO: The price band of the IPO has been fixed at Rs 66-70 apiece and the offer will conclude tomorrow (September 11). Investors can apply for a minimum of 214 equity shares and in multiples thereafter.

Short covering occurs when traders repurchase stocks they had previously borrowed and sold, typically prompted by a change in market sentiment or the emergence of new information.

The rupee weakened marginally versus the dollar on Monday, closing at 83.975 as risk appetite of the market was weak ahead of the Federal Open Market Committee Meeting that will happen next week on 18th. Dollar sales from state run banks also helped cap further weakness in the rupee, traders said.

The Bengaluru-based company had already targeted Rs 6,664 crore through an offer for sale (OFS)

In Asian markets, Shanghai and Hong Kong settled higher while Seoul and Tokyo ended lower

Long unwinding involves selling long-held positions or stocks, either to realize profits or to exit in anticipation of a potential decline. On Tuesday, five stocks experienced long unwinding.

The offer received bids for 178.48 crore shares as against 1.43 crore shares on offer.

Gold prices rallied by Rs 600 to Rs 74,100 per 10 grams in the national capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday.

Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, on Tuesday filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).

Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, on Tuesday filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).

The offer received bids for 545.85 crore shares as against 72.75 crore shares on offer.

The offer received bids for 3.89 crore shares as against 74.88 lakh shares on offer.

The offer received bids for 3.92 crore shares as against 1.53 crore shares on offer.

Domestic stocks rose modestly on Monday, with the Nifty closing above 25,000. Tech, media, and healthcare sectors led the gains. Investors are watching US inflation data and Fed policy decisions closely. Global concerns about the US economy and domestic optimism about monsoon and festive season demand are influencing market sentiment.

The offer received bids for 3.38 crore shares as against 1.68 crore shares on offer.

The offer received bids for 3.38 crore shares as against 1.68 crore shares on offer.

Investors want the Indian federal government to sell more short-term and green bonds while resuming floating rate bond auctions, six bankers said on Tuesday.

The Nifty Auto index closed 0.24 per cent up at 25556.45.

The Indian rupee traded in a narrow range on Tuesday and depreciated 2 paise to close at 83.97 (provisional) against the American currency, weighed down by the strengthening of the American currency in the overseas market. The US dollar climbed higher to a near one-week high as all eyes turn to a key US inflation data this week that could offer clues on the magnitude of an expected interest rate cut from the Federal Reserve later this month.. The slight recovery in crude oil prices also weighed on the rupee. However, a surge in the domestic markets cushioned the downside. The benchmark S&P/BSE Sensex rose 361.75 points, or 0.44 percent, to 81,921.29 while the broader NSE Nifty index closed at 25,041.10, up 104.70 points, or 0.42 percent, from its previous close. At the interbank foreign exchange market, the local unit opened at 83.95 against the American currency and finally settled at 83.97 (provisional) against the US dollar, down 2 paise from its previous close.

The Nikkei average slid 0.16 percent to 36,159.16, extending losses for a sixth straight session. The broader Topix index settled 0.12 percent lower at 2,576.54 in its fifth straight session of losses.

Investors digested Chinese trade data and looked ahead to the release of key U.S. consumer and producer inflation readings this week for additional clues on the size of potential rate cuts by the Federal Reserve at its meeting next week.

Instead of selling your mutual fund prematurely, you can take a loan against the investment, but watch out for margin calls

The Nifty Pharma index closed 1.08 per cent up at 23256.85.

Suzlon Energy share price: The renewable energy firm recently sold its corporate office, One Earth Property, to OE Business Park Pvt Ltd for Rs 440 crore. However, One Earth Property will be leased back to Suzlon for five years with sub-leasing and licensing rights once the sale is done.

On Tuesday, Indian markets rose for the second consecutive day, with the S&P BSE Sensex up over 360 points and Nifty50 above 25,000. Gains were noted in capital goods, healthcare, IT, power, and telecom, while energy and oil & gas stocks saw declines.

The above-mentioned systems are to be installed under supervision of Bihar Renewable Energy Development Authority (BREDA) and the major Components of the Solar Streetlight Systems are Solar PV Module, Solar Batteries, LED Luminaries, Mounting Structures, and Balance of System (BOS).

Realty firm Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement. In a regulatory filing on Tuesday

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Non-bank financial institution Northern Arc Capital Ltd is looking to launch its Initial Public Offering (IPO), involving fresh issue of shares worth Rs 500 crore, on September 16.

On Tuesday, the Sensex and Nifty rose for the second consecutive day, driven by IT and pharma stocks. The Sensex gained 362 points to 81,921, and the Nifty increased 105 points to 25,041.

The GST Council has announced the formation of a new Group of Ministers to review the issue of GST rate reduction on health insurance.

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Lotus & LTS have successfully rebalanced their portfolios, liquidated the non-compliant holdings, said sources

As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 361.75 points or 0.44% to 81,921.29. The Nifty 50 index gained 104.70 points or 0.42% to 25,041.10.

Century Textiles shares rose 7.36% to a fresh 52 week high of Rs 2528.55 on Tuesday. Market cap of the firm climbed to Rs 27,700 crore.

Domestic equity indices, Sensex and Nifty, closed higher for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and pharma stocks following a tax cut on select cancer drugs.

Domestic equity indices, Sensex and Nifty, closed higher for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and pharma stocks following a tax cut on select cancer drugs.

Century Textiles & Industries (CTIL) rallied 5.31% to Rs 2,480.05 after the company announced that it has acquired ownership rights of approximately 10 acre leasehold land parcel in Worli at Mumbai from Nusli Wadia.

Century Textiles & Industries (CTIL) rallied 5.31% to Rs 2,480.05 after the company announced that it has acquired ownership rights of approximately 10 acre leasehold land parcel in Worli at Mumbai from Nusli Wadia.

The currency would have endured a steeper fall if not for dollar offers from state-run banks, traders said. The rupee had declined to its all-time low of 83.9850 last week.

Surge in SIP flows, strong NFO collections drive August collection to the second highest in a month

Jamshedpur-based Kross Ltd is selling its shares in the price band of Rs 228-240 apiece. Investors can apply for a minimum of 62 shares and its multiples thereafter.

Tata Power share price: The stock jumped 6.84 per cent to hit a day high of Rs 446.45. It was last seen 6.58 per cent up at Rs 445.75. At this price, the scrip has gained 34.97 per cent year-to-date (YTD).

Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud

Khoon Goh from ANZ predicts a further decline in the US dollar as the Fed begins its easing cycle. This depreciation could benefit emerging markets, easing pressure on their central banks. The yen carry trade unwind is expected to continue but in a more orderly fashion compared to earlier disruptions.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

IT stocks surged on Tuesday, with Coforge hitting a 52-week high. Analysts from Motilal Oswal and Nuvama foresee recovery in the sector, citing potential rate cuts and evolving work distribution.

Tata Consultancy Services added 1.15% to Rs 4,506.70 after the IT major has entered into a strategic partnership with Mansfield Building Society in the UK to digitally transform its business.

Kerala-based Tolins Tyres is selling its shares in the price band of Rs 215-230 apiece. Investors can apply for a minimum of 66 shares and its multiples thereafter.

Century Textiles stock price today surged after the company acquired around 10 acres of land parcel in Worli, Mumbai. The company plans to develop the land, through its real estate subsidiary

Bajaj Housing Finance is selling its shares in the price band of Rs 66-70 apiece. Investors can apply for a minimum of 214 shares and its multiples thereafter.

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

Bajaj Housing Finance’s IPO, valued at Rs 6,560 crore, is seeing strong investor demand. To improve allotment chances, shareholders of Bajaj Finance and Bajaj Finserv should apply under both retail and shareholder categories, as an additional Rs 500 crore is reserved for them.

At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 575.49 points or 0.71% to 82,135.03. The Nifty 50 index gained 170.65 points or 0.68% to 25,107.05.

Vibhor Singhal from Nuvama believes Indian IT firms will overcome challenges posed by new technologies like Gen AI. Despite recent macroeconomic uncertainties, he expects strong demand and growth in the sector. He highlights that delayed deal executions and discretionary spending holds have impacted revenue but anticipates recovery as conditions improve.

SJVN stock rose 6% to Rs 133.85 in the current session on BSE. Market cap of the firm stood at Rs 52,325 crore.

Prism Johnson Ltd notched up volume of 266.27 lakh shares by 14:14 IST on NSE, a 10.99 fold spurt over two-week average daily volume of 24.23 lakh shares

The opening of new branches in Maharashtra and Rajasthan in recent months is aimed at steadily increasing SHFL’s presence outside of South India

The opening of new branches in Maharashtra and Rajasthan in recent months is aimed at steadily increasing SHFL’s presence outside of South India

​It has not really proved to be right recently. And one of the reasons has been the kind of the QE that has happened post the Global Financial Crisis where yields have been suppressed by the Fed buying a lot of bonds.

For developing cutting-edge Quantum Computing and AI solutions

The Nifty Capital Markets Index tracks the performance of stocks from the Nifty 500 Index that are relevant to the capital market theme. The index includes companies from basic industries such as asset management companies, exchanges and data platforms, stockbroking & allied services, depositories, clearing houses, financial products distributors, ratings, and other capital market-related services.

Non-integrated steel players such as JSW Steel and Jindal Steel (JSPL) are better placed than Tata Steel and SAIL, IIFL Securities said.

ACE is seen testing its 200-DMA after 2 years, while TMB after 5 months; rest of the smallcap stocks were consolidating around the 200-DMA for more than a month now; check bullish, bearish stocks here

The surge continues as the company, earlier in the last week, announced receiving a Rs 215 crore order from the Uttar Pradesh Department of Agriculture for the supply of 8,085 solar water pumping systems across various districts in the state and is scheduled for completion by March 2025.

At meeting held on 10 September 2024

The Influx Healthtech IPO comprises a fresh issuance of 46,32,000 equity shares, and an offer for sale of up to 13,68,000 equity shares, each with a face value of Rs 10

SJVN jumped 5.42% to Rs 133.15 after the company announced the signing of an MoU with GMR Upper Karnali Hydro Power and IREDA for development of Upper Karnali Hydro Electric Project (900 MW) in Nepal.

Here is the journey of Instagram influencer Sukhneet Wadhwa who transitioned from a savings-focused approach to mutual funds after her divorce

Here is the journey of Instagram influencer Sukhneet Wadhwa who transitioned from a savings-focused approach to mutual funds after her divorce

A total of 16,358 shares changed hands on the counter till 02:07PM (IST)

SJVN (the company), GMR Upper Karnali Hydro Power (GMR) and IREDA has signed a MoU for development of Upper Karnali Hydro Electric Project (900 MW) through JV Company in Nepal.

The Relative Strength Index of the stock stood at 52.38 on Tuesday.

According to AMFI data for the monthly of September, open-ended equity mutual fund inflows rose by 3 per cent in August to ₹38,239.16 crore, reflecting a positive shift in investor confidence amid subdued equity market activity.

According to AMFI data for the monthly of September, open-ended equity mutual fund inflows rose by 3 per cent in August to ₹38,239.16 crore, reflecting a positive shift in investor confidence amid subdued equity market activity.

Multibagger stock: The stock has gained 382% in a year and risen 611% in two years. The stock climbed 85% in six months.

A total of 222,390 shares changed hands on the counter till 01:51PM (IST)

At meeting held on 10 September 2024

The stock quoted a 52-week high price of Rs 11173.0 and a 52-week low of Rs 6634.6.

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Individually, shares of Laurus Labs rose up to 5.55 per cent at Rs 517.90 per share, Akums Drugs and Pharmaceuticals shares locked in 5 per cent upper circuit at Rs 910.55 a piece

On 13 September 2024

ICICI Bank shares were trading 0.13 per cent lower at Rs 1,236.30. Dr Reddy’s Labs was up 0.49 per cent at Rs 6,685. Pidilite Industries shares were down 0.4 per cent at Rs 3,257.95.

Opposition party continues attack on Madhabi Puri Buch, accuses her of conflict of interest

At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 616.27 points or 0.75% to 82,182.49. The Nifty 50 index gained 184.05 points or 0.74% to 25,120.55.

At 13:30 IST, the barometer index, the S&P BSE Sensex, jumped 616.27 points or 0.75% to 82,182.49. The Nifty 50 index gained 184.05 points or 0.74% to 25,120.55.

The ideal situation occurs when a company effectively manages its debt while simultaneously growing its sales and profits. We focused on companies with a market cap exceeding Rs 2,000 crore.

The stock quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 636.1.

GMR Airports Infrastructure is set to acquire an additional 10% equity stake in Delhi International Airport for $126 million, increasing its stake to 74%. The seller, Fraport AG, will retain its role as airport operator. The transaction is expected to be completed within 180 days.

The stock quoted a 52-week high price of Rs 2284.15 and low of Rs 1266.0.

By responding promptly and accurately, and seeking professional advice when needed, taxpayers can ensure compliance, avoid delays in processing tax refunds, and minimise the risk of penalties.

A total of 4,029 shares changed hands on the counter till 01:07PM (IST)

The Relative Strength Index of the stock stood at 61.37 on Tuesday.

AU Small Finance Bank Ltd is quoting at Rs 718, up 0.53% on the day as on 12:44 IST on the NSE. The stock is down 2.33% in last one year as compared to a 25.39% spurt in NIFTY and a 12.5% spurt in the Nifty Bank.

The study titled ‘My data or yours? Unravelling Multi-Party Privacy (MPP) among Consumers of Digital Credit in India’ was funded by the Centre for Effective Global Action (CEGA) at the University of California, Berkeley, USA

Says investors should use any dips in a phased manner and build a position in high-quality companies with high earnings visibility, with an investment horizon of 12-18 months

Tolins Tyres IPO was oversubscribed nearly three-fold on Day 2, after receiving bids for 21.9 million shares, against 7.5 million shares on offer

IRB Infrastructure Developers toll collection jumped 20.46% to Rs 502.6 crore in August 2024 as against Rs 417.2 crore posted in August 2023.

A latest research paper from International Monetary Fund (IMF) stated that after decades of increasing global economic integration, the world is facing a growing risk of geoeconomic fragmentation, with potentially far-reaching implications for the global economy and the international monetary system. Against this background, the paper studies how geopolitical proximity, along with other economic factors, affects the usage of five SDR currencies in cross-border transactions. Since World War II, the global currency landscape has remained relatively stable, with the US dollar serving as the dominant currency.

The acute shortage of good public health care that is very clearly leading to a shift of popular movement from public health care facilities to private and that is playing out across India. So, the companies which are listed, take a hard look and I would recommend healthcare stocks across the board.

The stock quoted a 52-week high of Rs 506.85 and a 52-week low of Rs 207.85.

A total of 217,709 shares changed hands on the counter till 12:38PM (IST)

Arkade Developers is a real estate development company focused on developing high-end, sophisticated lifestyle residential developments in Mumbai, Maharashtra.

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At 12:30 IST, the barometer index, the S&P BSE Sensex, gained 350.09 points or 0.44% to 81,916.18. The Nifty 50 index added 104.15 points or 0.42% to 25,040.55.

The uptick in SEPC share price came after the company announced that it has secured an order of Rs 182.56 crore.

On the technical charts, the 200-day moving average of the stock stood at Rs 1261.52.

​In social infra, if you see healthcare, real estate and now the announcement of new industrial cities. If you see some marquee announcements, there have been the announcements on chips, on mobile manufacture, on batteries with Ambanis.

The planned amount exceeds the initial Rs 3,750 crore the company had aimed to raise, in addition to a Rs 6,664 crore offer for sale

Promoters held 74.65 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.22 per cent and 6.81 per cent, respectively.

A total of 356,949 shares changed hands on the counter till 12:16PM (IST).

A look at some pesky rebalancing flows

The IPO of Shree Tirupati Balajee Agro Trading Company ran between September 5-9 as it had offered its shares in the fixed price band of Rs 78-83 per share with a lot size of 180 shares.

The stock traded at a P/E multiple of 71.74, while the price-to-book value ratio stood at 5.64.

Coforge stock rose to Rs 6,740 today against the previous close of Rs 6487.55 on BSE. The IT stock has gained 22.03% in one year and risen 9.40% since the beginning of this year

Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.

Shares of Naturewings Holidays were trading at Rs 90.25 on the BSE, a premium of 21.96% compared with the issue price of Rs 74.

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For further details, visit www.allianceair.in, or contact 044 42554255 or 044 3511 3511

Paytm share price: The stock surged 9.44 per cent to hit a day high of Rs 687.30. It was last seen trading 6.03 per cent up at Rs 665.50. At this price, the scrip has climbed 29.32 per cent in a month but fell 26.42 per cent in the past one year.

ITI jumped 6.56% to Rs 301.50 after the company has received an order around Rs 300 crore from Bihar Renewable Energy Development Authority (BREDA) for supply and installation of 1,00,000 numbers of solar street light systems in Bihar.

Kross IPO subscription status: Retail Individual Investors have placed the highest bid of 2.16 times, followed by Non-Institutional Investors at 1.01 times

Akzo Noble India shares climbed following the start of commercial production of powder coating products from its Gwalior plant with an installed capacity of 5,166 tonne per annum.

The US dollar climbed higher to a near one-week high on Tuesday morning in Asia as all eyes turn to a key US inflation data this week that could offer clues on the magnitude of an expected interest rate cut from the Federal Reserve later this month. The yield on the US 10-year Treasury note however held around 3.70%. Meanwhile, the August payrolls report released on Friday provided little clarity on the rates path, with the US economy adding fewer jobs than expected, while the unemployment rate edged lower and wage growth remained solid. Currently, the dollar index that measures the greenback against a basket of currencies is trading at 101.61, up 0.10% on the day. Among the basket currencies, EURUSD and GBPUSD are quoting at $1.10 and $1.30 respectively.

InCred Equities said margins for SBI Life would improve gradually with the life insurer focusing on protection plans. The negative impact of the surge in ULIPs are already factored in, the brokerage said.

A total of 401,762 shares changed hands on the counter till 11:46AM (IST)

SEPC added 1.49% to Rs 30.73 after the company announced that it has been awarded a work order for Rs 182.56 crore by the Executive Engineer, Irrigation Division, Government of Bihar.

As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.

At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 210.15 points or 0.25% to 81,766.23. The Nifty 50 index added 59.20 points or 0.24% to 24,995.60.

The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 23714.05.

The IREDA scrip surged as much as 7.21 per cent to hit an intraday high of Rs 239.35 per share.

Jupiter Wagons share price: The stock fell 3.69 per cent to hit a day low of Rs 490. At this price, it has declined 11.78 per cent in four trading days.

Promoters held 45.25 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.03 per cent and 19.35 per cent, respectively.

A total of 260 shares changed hands on the counter till 11:26AM (IST).

Suzlon Energy shares surged by 5% after securing a 1,166 MW order from NTPC Green Energy. This large contract improves earnings visibility for FY26-27. Suzlon will install 370 wind turbines in Gujarat, generating power for 30 lakh households. The company also entered a sale and leaseback agreement for its Pune property.

The major averages on the Wall Street all moved sharply higher over the course of the session on Monday. The Dow surged 484.18 points or 1.2 percent to 40,829.59, the Nasdaq jumped 193.77 points or 1.2 percent to 16,884.60 and the S&P 500 shot up 62.63 points or 1.2 percent to 5,471.05. Optimism the Federal Reserve will lower interest rates later this month has contributed to the strength on Wall Street despite lingering concerns about the outlook for the U.S. economy.

Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.

Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.

An IIM alumnus, who has known Buch for 35 years, expressed that the narrative surrounding her does not seem accurate. After reviewing publicly available documents and speaking with senior individuals, they concluded that the narrative being constructed, though seemingly based on data from her income tax returns, is "clearly false."

In a recent ETMarkets live stream, Saketh Ramakrishna explored the Iron Condor and Ironfly options strategies for managing risk and capitalizing on range-bound markets, emphasizing adjustments and risk management.

Gopal Snacks and Bikaji Foods share price rallied after GST Council slashed GST rates from 18 per cent to 12 per cent

Gopal Snacks and Bikaji Foods share price rallied after GST Council slashed GST rates from 18 per cent to 12 per cent

​The sector is healthy, the credit cost uptick, I am not too worried about credit costs going up except for microfinance and very small ticket personal loans. We are still very healthy. Interest rates will peak out in India or probably have peaked out and we will see some easing of liquidity. So, this sector will give a 10-20% of upside as a macro trade in the next six months.

Additionally, the GST rate on extruded namkeen snacks has been lowered from 18% to 12%. To promote research and innovation, the council decided to exempt GST on funds allocated to universities established by the central or state governments, as well as those with income tax exemption.

Promoters held 37.88 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 32.13 per cent and 10.98 per cent, respectively.

The Zaggle Prepaid Ocean Services share price rose after the company announced that it has inked a pact with HDFC Ergo General Insurance Company.

Growing risks to the U.S. stock rally are driving demand for portfolio hedging, as investors face economic uncertainty, shifting Federal Reserve policy, and a looming presidential election. The Cboe Volatility Index is elevated, reflecting concerns over potential market swings ahead of the high-stakes debate between Kamala Harris and Donald Trump.

As of 30-Jun-2024, promoters held 43.92 per cent stake in the company, while FIIs held 13.67 per cent and domestic institutional investors had 1.11 per cent.

H.G. Infra Engineering rallied 3.90% to Rs 1,518.50 after the company announced that it has received the letter of award (LoA) from the Ministry of Road Transport & Highways (MoRTH) for upgrading the existing road in Gujarat.

The Nifty IT index was trading 1.37 per cent up at 42491.45.

In nine trading days since August 29, the market price of Paytm has rallied 28% after Paytm Payment Services received FDI approval. It will also resubmit its payment aggregator licence application.

Nomura India said HDFC Bank, Kotak Mahindra Bank, Axis Bank, ICICI Bank, Federal Bank, Bank of Baroda, SBI, AU SFB, IndusInd Bank and Bandhan Bank have 30-60 per cent of their loan books directly linked to the repo rate. 

In reaction to the update, pharma stocks like Astrazeneca Pharma surged 4.4% to its day’s high of Rs 7,069 on BSE while Fortis Healthcare shares went up by 3% to Rs 563.55 and those of Natco Pharma shot up 2.5% to Rs 1,585.

Total losses of $5.6 billion were reported, experiencing a 45 percent increase in losses from 2023. The most reported crime type related to cryptocurrency is Investment, said the FBI

A total of 100,502 shares changed hands on the counter till 10:56AM (IST)

A total of 4,498 shares changed hands on the counter till 10:50AM (IST)

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

Awfis Space Solutions added 2.11% to Rs 771.35 after the company has entered into a business transfer agreement (BTA) with SMS integrated facility services (SMS IFS), for selling facility management business, Awfis Care for Rs 27.5 crore on a slump s

Awfis Space Solutions added 2.11% to Rs 771.35 after the company has entered into a business transfer agreement (BTA) with SMS integrated facility services for selling facility management business, Awfis Care for Rs 27.5 crore on a slump sale.

P N Gadgil Jewellers IPO opened for public subscription today. Should you bid for the public issue or not? Check the brokerage call and other key details here

The Relative Strength Index of the stock stood at 53.12 on Tuesday.

A long buildup, marked by rising open interest and volumes with stock price increases, indicates bullish trends. On Tuesday, five stocks saw new long positions.

The Government of India (GoI) has announced the sale (re-issue) of (i) 7.02% Government Security 2031 for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method and (ii) 7.46% Government Security 2073 for a notified amount of ₹11,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 13, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 35.81 points or 0.04% to 81,591.29. The Nifty 50 index added 3.05 points or 0.01% to 24,939.45.

Shares of major listed ethnic snack makers jumped as much as 9 per cent during the trading session on Tuesday, September 10 on the back of positive news flow.

The Nifty Auto index was trading 0.24 per cent down at 25433.85.

The 30-share BSE Sensex climbed 241.68 points to 81,801.22 in early trade. The NSE Nifty went up 78.4 points to 25,014.80

For a consideration of Rs 27.5 cr

On the technical charts, the RSI of the stock stood at 58.29.

Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.

IREDA share price today: The green energy stock climbed 6.96% to Rs 238.80 on Tuesday against the previous close of Rs 223.25 on BSE. IREDA’s market cap rose to Rs 63,995 crore.

A total of 1,785 shares changed hands on the counter till 10:25AM (IST)

Axis Securities has identified four stocks as fresh buy ideas for September based on technical analysis. The recommended stocks are JK Cement, SBI Cards and Payment Services, Kaveri Seed Company, and IOL Chemicals and Pharmaceuticals. The brokerage provides specific buying ranges, stop losses, and target prices for each stock to guide investors.

The Sona BLW share price rose after the company announced that it has successfully raised Rs 2,400 crore via qualified institutional placement (QIP).

The Nifty Pharma index was trading 0.96 per cent up at 23229.9.

Naturewings Holidays shares made a strong debut on the BSE SME platform, listing at Rs 95, a 28.4% premium over the issue price of Rs 74. The IPO saw robust investor interest with a subscription rate of 300 times. The funds will be used for working capital, marketing, and corporate purposes.

From Fraport AG Frankfurt Airport Services Worldwide

The economy is showing all the good signs. And yes, the unthinkable, impossible soft landing somehow has been achieved. So, good news.

NBCC India is well placed for growth, with a robust order book of Rs 81,300 crore and book-to-bill of 7.6 times, Nuvama Institutional Equities said.

Shares of Ahluwalia Contracts shot up by 6.78 per cent, recording an intraday high of Rs 1,280 per share on the BSE on Tuesday

The Relative Strength Index of the stock stood at 65.31 on Tuesday.

The Nifty Bank index was trading 0.22 per cent down at 51007.2.

Derivatives market update for Sept 10: IndiaMart InterMesh, HUL and Sun TV saw long buildup on Monday; while PFC, RECL and Granules India saw shorts added.

A total of 7,149 shares changed hands on the counter till 10:04AM (IST)

Shares of Bajaj Housing Finance were quoted trading at a premium of Rs 64 or 91.43 per cent in the grey market, indicating a positive market sentiment for the IPO

Several brokerages are optimistic about eight large and midcap stocks from the Nifty200 index, including IndusInd Bank, Canara Bank, Adani Ports, and APL Apollo Tubes. These stocks have high analyst ratings and are projected to deliver up to 30% returns. The article provides detailed insights into the target prices and potential upsides for these stocks.

Investors have four IPOs to choose from, with Bajaj Housing Finance emerging as the top pick due to its strong parentage, diversified business model, and solid financials. The IPO is expected to offer good allotment chances and robust listing gains. PN Gadgil Jewellers is a secondary option for long-term investors.

The August 2024 toll revenue grew over 20 per cent year-on-year to Rs 503 crore, from Rs 417 crore in August 2023.

A total of 7,043 shares changed hands on the counter till 10:00AM (IST)

The IPO of PN Gadgil opens for bidding on between September 10-12 as the Bajaj Group firm is selling its shares in the range of Rs 456-480 apiece, with a lot size of 31 equity shares.

Cochin Shipyard share price today: The defence sector stock, which hit a record high of Rs 2977.10 on July 8, 2024 was trading at Rs 1850 today, down 38% during the period.

Gold October futures opened flat at Rs 71,615 per 10 grams on Tuesday, while silver December futures traded at Rs 83,595/kg. Over the past week, gold prices remained stable and silver fell by Rs 1,000/kg.

On September 9, four stocks from the Nifty50 pack appeared in the RSI Trending Up scan. It is an uptrend signal if the RSI value has crossed above 50 from below.

Apple has charged into the artificial intelligence craze with a new iPhone lineup that marks the company’s latest attempt to latch on a technology trend and transform it into a cultural phenomenon

Shares of Gopal Snacks rose 8.5% to Rs 354 while those of Prataap Snacks surged by 8% to 877. Meanwhile Bikaji Foods International shares went up by 7.7% to Rs 899 in an early intraday trade.

Promoters of Indian companies are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Several companies have already completed or announced buyback offers in anticipation of the new rules.

Ahluwalia Contracts shares climbed 6.78 per cent to Rs 1,280 on BSE. With this, the stock has rallied 61 per cent in 2024 so far and 76 per cent in the past one year.

Yatra Online Ltd. key Products/Revenue Segments include Tour & Travel Operations and Other Operating Revenue for the year ending 31-Mar-2022.

On September 9, the closing prices of four stocks from Nifty500 dropped by more than 1% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Export Incentives, Solar Power, Other Operating Revenue, Commission for the year ending 31-Mar-2024.

On September 9, the closing prices of six stocks from the Nifty500 pack rallied over 2% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 242654.25 Crore) operating in FMCG sector.

At 09:30 IST, the barometer index, the S&P BSE Sensex, rose 182.18 points or 0.23% to 81,739.58. The Nifty 50 index added 58.15 points or 0.23% to 24,994.55.

The Indian market is expected to consolidate on Tuesday, influenced by mixed global cues. Nifty futures closed with a gain of 0.35% at 24,993 levels on Monday. Experts have recommended various stocks for short-term trading, including Britannia Industries, Havells India, and Dabur India among others. Options data suggests a broader trading range between 24,500 to 25,400 zones.

HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2024.

Dixon Technologies (India) Ltd has added 7.3% over last one month compared to 11.12% gain in BSE Consumer Durables index and 2.59% rise in the SENSEX

For supply of 240 aero engines for Su-30 MKI aircraft of Indian Air Force

India confirmed its first Mpox case on Monday, raising concerns amid other diseases. While basic health insurance usually covers Monkeypox, individuals should check policy specifics. Experts recommend comprehensive plans, especially in metro areas, due to high treatment costs.

Inox Wind Ltd. key Products/Revenue Segments include Wind Turbine Generator, Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.

Va Tech Wabag Ltd. key Products/Revenue Segments include Contract Service and Other Operating Revenue for the year ending 31-Mar-2024.

Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the Company stands increased to 6,13,98,119 equity shares of face value of Rs 10/- each.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 23735.87 Crore) operating in Engineering sector.

From Maharashtra State Electricity Distribution Company

Once the allotment of Shree Tirupati Balajee IPO is finalised, investors can check the allotment status by visiting the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

After reviewing the portfolio, drill down into asset classes like equity, debt, and gold, and compare them with relevant benchmarks. Finally, analyze individual funds against both broad (e.g., Nifty 50) and specific fund-level benchmarks.

The SME IPO of SPP Polymer opens for subscription today, aiming to raise Rs 24 crore through a fresh equity issue. The company offers packaging solutions to various industries and plans to list shares on the NSE SME platform. The IPO closes on September 12, with shares priced at Rs 59 each.

The Navratna PSU stock ended 2.74% lower at Rs 173.80 on Monday. Shares of NBCC have zoomed 191.66% in a year and gained 112% in 2024.

Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban as their open interest crossed 95% of market-wide position limits. The ban is lifted only if open interest falls below 80%. Nifty and Sensex closed higher, driven by banks and FMCG stocks.

GMR Airport shares: Kotak suggested a target price of Rs 74, which it said incorporated the last two big surprises --potentially GAL winning the Delhi Duty-free business and stake consolidation in DIAL. 

Brokerage firms have shared their latest ratings on various companies. Citi has a neutral view on Infosys, InCred holds SBI Life, CLSA rates ICICI Bank as outperform, Morgan Stanley is overweight on Suzlon Energy, and Goldman Sachs recommends buying Marico. These ratings reflect current market trends and company performance.

It’s a mixture of stellar results and liquidity backing the rally. Banking as a percentage of the Nifty 50 index is nearly 18%, and these banking companies have delivered solid growth on the top and bottom lines.

Accelerating cash flows is no silver bullet

Dabur stock prices have been on an upward trend since April 2024, recently breaking out of an inverted Head & Shoulders pattern. Trading at Rs 662.35, the stock has surpassed its Rs 660 resistance level. Analysts suggest it could target Rs 700-715, with immediate support at Rs 635.

Lemon Tree Hotels announced that it has signed a license agreement viz Lemon Tree Hotel, Nashik, Maharashtra.

The highest price a stock has reached within a five-year timeframe.

Sona Comstar said the QIP, which opened on September 4, concluded on Monday, September 9. Sona BLW Precision Forgings issued 34,782,608 equity shares to qualified institutional buyers at an issue price of Rs 690 per equity share.

Here is the list of stocks that will trade ex-dividend today for the purpose of dividend, rights issue, bonus issue, and share buyback

GIFT Nifty:

Gold prices remained stable as market participants await August inflation figures for potential Federal Reserve interest rate cuts. Spot gold was flat at $2,504.98 per ounce, while U.S. gold futures edged higher. Traders are focused on upcoming U.S. CPI and PPI data for further economic insights.

TV Today Network and 10 other companies will be in focus today as they have set September 11 as the record date for determining shareholders eligible for dividend payments. Today is the last day to buy shares to qualify for dividends. Dividends are paid to shareholders listed on the record date.

Aditya Birla Fashion and Retail (ABFRL), Balarampur Chini Mills, Bandhan Bank, Biocon, Chambel Fertilisers & Chemicals, Hindustan Copper, RBL Bank.

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 66,790

Tata Power: The plant is expected to ramp up production with the remaining 2 GW capacity to be added over the next 4-6 weeks, reaching peak production within the next few months, the Tata group firm said.

Domestic markets rebounded on Monday, ending a four-day losing streak due to a rally in blue-chip stocks. Bajaj Finance rose 0.34%, Tata Technologies declined 3.13%, and Minda Corp fell nearly 0.4%. Analysts suggest potential gains for Bajaj Finance and Tata Technologies, while advising caution with Minda Corp until a confirmed breakout.