Sensex Today: Stock Market LIVE Updates: Sensex trades 400 points higher, Nifty above 17,400; FMCG, pharma only sectoral losers

Dolly Khanna increases stake in this multibagger smallcap stock in Q2

Ace investor Dolly Khanna increased her holding in Talbros Automotive Components by 0.12% in the September quarter. According to the latest shareholding data for the quarter ended September 2022, Khanna owns 1,50,215 equity shares in the company, equivalent to a 1.22% stake in the concern. In the previous quarter ended June, Dolly Khanna held a 1.10% stake in the auto ancillaries firm.

5 PSU stocks with dividend yields double than SBI FD interest rate

​At a time when India’s largest public sector lender State Bank of India (SBI) does not offer an interest rate of more than 5.65%, the attraction for dividend-paying stocks increases. Unlike debt instruments, the dividend yield is not guaranteed and any fluctuation in the stock price can also affect your overall returns. Here are 5 high-dividend-yielding PSU stocks that have delivered at least double dividend yield than FD return, according to a recent report by IDBI Capital.

Gold futures gain Rs 319 to Rs 51,965/10 gram

Gold prices on Thursday increased by Rs 319 to Rs 51,965 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by Rs 319 or 0.62 per cent at Rs 51,965 per 10 gram in a business turnover of 18,781 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. (Source: PTI)

BSE SMALLCAP INDEX RALLIES OVER 1%

The broader market pack outperformed benchmark Sensex

Check out the top losers from pharma pack in afternoon trade

Price as on 06 Oct, 2022 02:09 PM, Click on company names for their live prices.

FMCG stocks trade on a soft note… fall up to 5%

Price as on 06 Oct, 2022 01:54 PM, Click on company names for their live prices.

HFCL partners with Qualcomm Technologies for 5G outdoor small cell product development.

Price as on 06 Oct, 2022 01:45 PM, Click on company names for their live prices.

Worried about 2013-like rupee meltdown? Here’s what Saurabh Mukherjea thinks

With the Indian rupee having depreciated over 9% on a year-to-date basis to touch record lows amid the flight to safety towards the US dollar, Dalal Street’s top fund manager Saurabh Mukherjea says a 2013-like meltdown is highly unlikely. “Whilst India’s current account deficit (CAD) touching 3% of GDP is raising blood pressure levels amongst some investors, this figure would have been at least twice as high had India not become a more efficient user of energy over the past decade,” Mukherjea said.

European shares rise ahead of key data, ECB minutes

European shares on Thursday resumed their march higher after a dip in the previous session, with investors awaiting more economic data and minutes of the European Central Bank’s September meeting for clues on the pace and path of rate hikes. The STOXX 600 index was up 0.6% by 0710 GMT, tracking a late-day rally in Wall Street. As of last close, the region-wide index is up 2.85% for the newly commenced quarter — compared with previous quarter’s sharp selloff — due to expectations of less-severe policies by central banks amid mixed set of data from the United States and Europe.

Shares of JSW Energy rallied nearly 13 per cent in Thursday’s trade after the company, through its wholly-owned subsidiary, JSW Neo Energy, signed an agreement with the Maharashtra government to set up a 960-megawatt hydro pump storage project in Raigarh district of the state.

Price as on 06 Oct, 2022 12:48 PM, Click on company names for their live prices.

Can Fin Homes to consider raising funds worth up to Rs 4000 crore

Price as on 06 Oct, 2022 12:35 PM, Click on company names for their live prices.

STOCK IN FOCUS: UJJIVAN SFB

Sterlite Technologies climbs 10% after divestment of stake in IDS UK

Shares of Sterlite Technologies rallied up to 10 per cent to Rs 182 in Thursday’s trade after the company sold its stake in Impact Data Solutions, UK (IDS UK) to Hexatronic Group AB. The divestment of the company’s stake in IDS UK was completed on October 4, 2022.

Faze Three approves proposal for listing of shares on NSE

Price as on 06 Oct, 2022 12:08 PM, Click on company names for their live prices.

Apollo Hospitals executed an agreement to buy 60% stake in Kerala First Health Services

Price as on 06 Oct, 2022 12:03 PM, Click on company names for their live prices.

OPEC+ cuts ahead of winter fan global inflation concerns

Concerns over tight oil supplies and soaring inflation have intensified after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations, which worry higher energy prices will hurt the fragile global economy and hinder efforts to deprive Moscow of oil revenue following Russia’s invasion of Ukraine.

JP Morgan upgrades Persistent Systems to ‘Overweight’; stock surges 7%

Price as on 06 Oct, 2022 11:11 AM, Click on company names for their live prices.

SBI likely to have sold bad loans of around Rs 4,500 Cr to ARCs in Q2 FY23

HSBC initiated buy coverage on Kalyan Jewellers with a target price of Rs 125. The global investment bank is of the view that expansion outside South India is key to unlocking value.

Price as on 06 Oct, 2022 11:06 AM, Click on company names for their live prices.

Realty firm Macrotech on Thursday reported a 57 per cent increase in its sales bookings during the July-September quarter to Rs 3,148 crore on strong housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. Its sales bookings stood at Rs 2,003 crore in the year-ago period.

Price as on 06 Oct, 2022 10:46 AM, Click on company names for their live prices.

Sept services growth slumped to 6-month low on cooling demand – PMI

Metal stocks put up a strong show, rally up to 8%

Price as on 06 Oct, 2022 10:41 AM, Click on company names for their live prices.

Larsen & Toubro wins order for its buildings & factories business; order worth Rs 1000-2500 crore

Price as on 06 Oct, 2022 10:19 AM, Click on company names for their live prices.

IT company Happiest Minds Technologies board on Wednesday approved raising of up to Rs 1,400 crore through equity or debt bonds, the company said in a regulatory filing. “We wish to inform you that the board at its meeting held today i.e. October 5, 2022 has inter alia considered and approved the matter related to raising funds,” the filing said.

Price as on 06 Oct, 2022 09:55 AM, Click on company names for their live prices.

Shares of SpiceJet Ltd surged on Thursday after a report said that the Indian budget airline carrier is expected to receive an additional 10 billion Indian rupees ($122.7 million) loan under the government’s modified Emergency Credit Line Guarantee Scheme.

Price as on 06 Oct, 2022 09:42 AM, Click on company names for their live prices.

Mahindra Lifespaces and Actis announce a JV to develop industrial and logistics real estate across India

Glenmark Pharma launches Lobeglitazone in India for uncontrolled Type 2 Diabetes in adults

Lenders to Jet Airways have agreed to waive two preconditions to facilitate the takeover of the airline by the Jalan-Kalrock consortium. In return, the consortium agreed last week to make the first tranche of its payment to lenders to get the stalled deal moving forward.

Price as on 06 Oct, 2022 09:24 AM, Click on company names for their live prices.

ZEE, YES Bank, Tata Steel among most active stocks on NSE

Price as on 06 Oct, 2022 09:23 AM, Click on company names for their live prices.

Opening Bell: Sensex surges nearly 500 points, Nifty above 17,400; SpiceJet rallies 8%, Zee Entertainment 5%

Pre-open session: Sensex rises over 150 points; Nifty above 17,350

The mother market US is now signalling a base case scenario of a short and mild recession. That’s why markets are bouncing back sharply from oversold levels. And whenever there is a rally in US markets, India is outperforming reflecting the resilience of Indian economy and markets. Investors should not be carried away by the rallies because there are major challenges for the global economy and markets. In a stable environment markets will respond to Q2 results which will start flowing in from October 10th onwards. Financials, particularly leading banks, leading NBFCs and fintech company, automobiles particularly CV, PV, tractors and high end motorcycle manufacturers will post good results. IT results are likely to be good but market response will depend on the management commentary. In other segments telecom, capital goods, select FMCG and construction related segments are likely to post good numbers.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Asian shares rise, oil extends gains after OPEC+ deal

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of U.S. non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 89 points, or 0.51 per cent, higher at 17,428, signaling that Dalal Street was headed for a positive start on Thursday.

Tech View: Nifty forming higher lows for 2 days. What investors should do on Thursday

The Headline index Nifty on Tuesday formed a long bullish candle on the daily charts as it ended with a gain of 387 points. The index has been forming higher bottoms for the last two sessions, indicating the continuation of the uptrend in the near future.

Tokyo shares open higher despite Wall Street losses

Tokyo shares opened higher on Thursday, bucking the trend after Wall Street faltered on profit-taking as recent global rallies fizzled out. The benchmark Nikkei 225 index added 0.68 percent, or 184.33 points, to 27,304.86 in morning trade, while the broader Topix index rose 0.70 percent, or 13.37 points, to 1,926.29.

Wall Street ends down as two-day rally fizzles on data, Fed message

Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer.

Oil prices rise after OPEC+ agrees to slash crude output

Oil prices edged up in early Asian trade on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash oil production by about 2 million barrel per day.

Rupee rises 20 paise to close at 81.62 against dollar

The rupee appreciated by 20 paise to end at 81.62 against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment.

Sensex, Nifty on Tuesday

The 30-share Sensex surged 1,276 points to end above the 58,000 mark. Its broader peer, Nifty50, ended at 17,274, up 386 points. The indexes saw their sharpest one-day gain since Aug. 30.

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