sensex today: Stock Market Highlights: Nifty forms small green candle. What traders should do next week
08:18:11 PM IST, 29 September 2023
Dollar dips, but set for best quarter in a year
The greenback held on to losses after U.S. data showed U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to less than 4.0%.
07:39:55 PM IST, 29 September 2023
Sony merger with Zee delayed further
“Although the transaction was previously expected to close by the end of the first half of the fiscal year ended on March 31, 2024, based on the latest progress, it is currently expected to close in the months ahead. Sony continues to assess the impact of the transaction on its consolidated financial results,” Sony said in a statement.
“Both companies continue to proceed with the necessary procedures to complete the transaction,” the statement added.
07:20:13 PM IST, 29 September 2023
US stocks open higher as softer PCE data supports rate-pause hopes
The Dow Jones Industrial Average rose 216.27 points, or 0.64%, at the open to 33,882.61.
The S&P 500 opened higher by 28.48 points, or 0.66%, at 4,328.18, while the Nasdaq Composite gained 136.43 points, or 1.03%, to 13,337.71 at the opening bell.
07:06:37 PM IST, 29 September 2023
Dee Development Engineers, Capital SFB and CJ Darcl Logistics file draft papers to launch IPOs
Three companies — Dee Development Engineers, Capital Small Finance Bank and CJ Darcl Logistics — have filed respective draft papers with Sebi to raise funds through an IPO.
06:51:53 PM IST, 29 September 2023
Moody’s upgrades Tata Power to Ba1 from Ba2 amid stable outlook
“The rating upgrade to Ba1 is driven by Tata Power’s solid financial metrics, which are projected to remain above the upgrade trigger set for the earlierBa2 rating,” Moody’s Analyst Yong Kang said.
06:18:33 PM IST, 29 September 2023
S&P revises Vedanta Resources to rating ‘CCC’ from ‘B-‘
06:07:26 PM IST, 29 September 2023
S&P downgrades Vedanta Resources, puts it on credit watch
S&P Global Ratings downgraded the rating of Vedanta Resources, parent of India’s Vedanta Ltd, to “CCC” from “B-” on Friday and placed it on credit watch with negative implications.
“We believe the likelihood has increased that Vedanta Resources will undertake a liability management exercise that we could consider distressed under our criteria,” the rating agency said.
05:35:27 PM IST, 29 September 2023
Bank of England tells lenders to watch more closely for risky borrowers
In a letter to chief financial officers at financial institutions supervised by the BoE, which it published online, the central bank also warned them not to overestimate how much money they would recover when borrowers defaulted on loans.
“We encourage further efforts by firms to challenge whether models capture risks associated with affordability, including the impact of higher inflation and interest rates on vulnerable borrowers or sectors,” Victoria Saporta, the BoE’s executive director for prudential policy, wrote.
05:30:50 PM IST, 29 September 2023
Tech View: Nifty forms small green candle. What traders should do next week
A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected to resume sharp selling momentum, said Nagaraj Shetti of HDFC Securities.
Both price and momentum indicators suggest that there can be positive momentum over the next few trading sessions.
Market would remain shut on Monday to mark Gandhi Jayanti and reopen for trading on Tuesday after the long weekend.
04:25:48 PM IST, 29 September 2023
Vedanta raises funds at higher rates amid company rejig: Report
The company will offer a coupon of 12%, payable on a quarterly basis to investors of the issue, which is unrated, bankers said, adding that the coupon on an annualised basis works out to be around 13%.
03:46:08 PM IST, 29 September 2023
Market Analysis by Ajit Mishra, SVP – Technical Research, Religare Broking
Though the pace of decline has softened, the tone is still negative and we don’t see that change until Nifty decisively reclaims 19750. Meanwhile, a mixed trend on the sectoral front is offering opportunities on both sides so traders should continue with stock-specific trading approach.
03:36:15 PM IST, 29 September 2023
Top 5 gainers & losers from today’s trade
03:35:59 PM IST, 29 September 2023
Sensex Heatmap | 20 of 30 index stocks close in the green
02:40:15 PM IST, 29 September 2023
Stock Market Live Updates: Marine Electricals (India) gets order amounting to Rs 2.67 crore
02:38:01 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Pharma stocks gallop up to 11%
02:23:01 PM IST, 29 September 2023
Stock Market Live: These stocks defy market mood, slip up to 14%
01:59:41 PM IST, 29 September 2023
Sensex Today | Sensex jumps over 500 points
Here are the top gainers & losers from the index
01:37:12 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Newgen Software Technologies executed agreement worth about Rs 29.1 crore
01:28:01 PM IST, 29 September 2023
Stock Market Live Updates: Moody’s upgrades Tata Power’s corporate family rtg to Ba1 from Ba2
01:16:42 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Hindustan Zinc board has decided that the company should undertake a comprehensive review of its corporate structure for unlocking potential value.
The strategic objectives outlined by the Board of Directors for undertaking such an exercise are as follows:
• Unlocking value for all stakeholders
• Creation of businesses which are positioned to better capitalize on their distinct market positions,
deliver long-term growth
• Distinct investment profiles to attract deeper and broader investor bases
• Accelerate towards sustainability goals focused on waste to wealth, emissions reduction and strong
ESG practices
• Appropriate capital structure and capital allocation policies based on business specific dynamics
• Sharpen focus on core competencies and appropriate realignment of the Company’s resources
01:14:55 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: S. Krishnan, Managing Director and CEO of Tamilnad Mercantile Bank vide his letter dated September 28 tendered his resignation citing personal reasons.
12:56:31 PM IST, 29 September 2023
Stock Market Live Updates: European shares rise on luxury boost ahead of euro zone inflation data
The STOXX 600 index climbed 0.6% by 0707 GMT, with all eyes on the euro zone inflation data due later in the day that could help determine the European Central Bank’s monetary policy path.
French inflation unexpectedly slowed in September as easing price rises in the food sector outpaced higher prices in the energy sector, preliminary EU-harmonised official data showed.
12:33:06 PM IST, 29 September 2023
Stock Market Live Updates: S&P upgrades Glenmark Pharma’s outlook to positive
12:26:29 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: These stocks rise in line with market mood, up 8%
12:15:04 PM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Sony Group Corp: Completion of merger between India unit and Zee Entertainment Enterprises likely to take a few more months
- Completion of merger between India unit and Zee Entertainment Enterprises l
- Impact on consolidated earnings from delay still unknow
11:53:43 AM IST, 29 September 2023
Sensex Today | Sensex bounces back from yesterday’s crash, rises 450 points
11:34:16 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: PSU Bank stocks gain up to 3%; Indian Bank top performer
11:17:01 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: 3M India approved amendments to intellectual property agreement with 3M Co USA, 3M Innovative Properties Co
11:05:31 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Sterling and Wilson Renewable Energy wins new order of approx Rs 1,535 crore from NTPC REL in Khavda, Gujarat
11:01:51 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Ashok Leyland bags orders for 1282 Buses from Gujarat State Road Transport Corporation (GSRTC).
11:00:03 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Jalan Kalrock Consortium said on Friday that it has fulfilled its commitment to infuse 3.50 billion rupees ($42.1 million) to revive the now-defunct carrier Jet Airways.
10:53:11 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Prabhudas Lilladher initiated coverage on Metro Brands with ‘Accumulate’ rating and DCF based TP of Rs 1231 (48.7x FY26E). MBL has created a pure retailing model in footwear with 766 stores across segments, price points and geographies with brands like Metro, Mochi, Walkaway, Crocs and Fitflop. We believe there is a huge runway for growth.
10:38:03 AM IST, 29 September 2023
Share Market Live Updates: Omaxe, Sobha among top gainers from real estate pack
10:16:10 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: L&T secures mega order for its heavy civil business
- Contract for design and construction of underground road tunnel project
- Order above Rs 7000 crore range
- Stock rises nearly 1%
10:04:08 AM IST, 29 September 2023
Plaza Wires IPO opens for subscription: Should you bid?
Analysts remain divided on the offer. Some analysts have highlighted the company’s competitive strengths, which include product portfolio, focus on various customer segments, distribution network, experienced management and dedicated employee base, while others are wary of the valuations the company is demanding.
09:57:07 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Multi Commodity Exchange of India (MCX) said the country’s markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week, sending shares crashing on Friday.
09:55:43 AM IST, 29 September 2023
Rupee rises 9 paise to 83.10 against US dollar in early trade
The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday amid a retreating dollar versus major rivals and positive cues from equity markets. Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise of domestic currency, forex dealers said.
09:36:04 AM IST, 29 September 2023
Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sustained FII selling may continue to weigh on markets. FII selling of Rs 25000 crores this month has pulled down the banking stocks making their valuations attractive. The Q2 results of the banking segment will be good and the market can respond positively to this. This is a safe bet now.
The US PCE inflation data expected tonight is significant since it can indicate the trajectory of US inflation and interest rates.
09:32:02 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Abu Dhabi-based International Holding Company PJSC (IHC) said on Thursday it is selling its stake in Adani Green Energy and Adani Energy Solutions, less than 18 months after the strategic investment company invested Rs 15,400 crore in three Adani group companies.
09:25:22 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: Realty firm Godrej Properties Ltd on Friday said it has acquired around 109 acres of land parcel in Nagpur and will launch residential plots. In a regulatory filing, Godrej Properties informed that the development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet.
09:22:32 AM IST, 29 September 2023
Stock Market Live Updates: BLOCK DEAL IN TUBE INVESTMENT | 10.4 lakh shares change hands
09:22:09 AM IST, 29 September 2023
Sensex Today | Stock Market Live Updates: IT stocks in focus as Accenture revenue guidance below expectations
09:21:20 AM IST, 29 September 2023
Stock Market Live Updates: YES Bank, IOB among most active stocks on NSE
09:20:53 AM IST, 29 September 2023
Sensex Heatmap: 17 of 30 index stocks gains in opening deals
09:18:08 AM IST, 29 September 2023
Opening Bell: Sensex gains 200 points, Nifty nears 19,600; MCX tanks 5%, Saregama jumps 4%
09:08:15 AM IST, 29 September 2023
Pre-open session: Sensex rises 280 points; Nifty above 19,600
On a monthly expiry yesterday, key benchmark indices declined sharply, with Nifty closing 1.10% lower, and Sensex down over 600 points. On the daily chart, the Nifty has formed a long bearish candle, indicating that the weak sentiment is likely to continue in the near future. For short-term traders, key support zones are 19400 and 19250, while 19600 and 19800 could be key resistance zones for the bulls. At 19250, the index has support of 100 days SMA. For Bank Nifty, 44750 would be the crucial resistance level. As long as it trades below the level, the weak sentiment is likely to continue and may slip further to 44100-43800 levels. Conversely, a new uptrend is possible only after the breakout of 44750, and it may rise to 45000-45200. The Nifty IT index collapsed to 31800 levels, and the next support exists only at 31400, which is a support of 50 days SMA.
– Shrikant Chouhan, Head of Research (Retail), Kotak Securities
08:59:32 AM IST, 29 September 2023
India falls short of FTSE Russell government bond index inclusion
“Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review,” FTSE said in its annual country classification review.
08:44:33 AM IST, 29 September 2023
Sebi asks MCX to put launch of new platform on hold
Multi Commodity Exchange of India (MCX) on Friday said the country’s markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.
08:00:34 AM IST, 29 September 2023
Markets Live Updates: Asian stocks inch away from 10-month low, rate jitters linger
Asian shares eased away from their lowest levels in 10 months but were on course to clock their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar held strong.
08:00:43 AM IST, 29 September 2023
Markets Live Updates: Dollar off 10-month high, yen still under intervention watch
The dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns.
08:00:51 AM IST, 29 September 2023
Markets Live Updates: Gold set for worst month in seven as traders bet on higher US rates
Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S. inflation print due later in the day.
07:26:29 AM IST, 29 September 2023
Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded higher by 25.5 points, or 0.13 per cent, at 19631.5, signaling that Dalal Street was headed for negative start on Friday.
07:25:36 AM IST, 29 September 2023
Tech View: Nifty indicators blink sell on expiry day
Nifty ended 193 points lower on the monthly expiry day on Thursday to form a long bear candle on the daily chart.
07:26:39 AM IST, 29 September 2023
Markets Live Updates: Tokyo’s Nikkei shares open higher after US gains
Tokyo’s Nikkei shares opened higher Friday, after a Wall Street rebound led by tech stocks. The benchmark Nikkei 225 index added 0.26 percent, or 84.34 points, to 31,956.86, but the broader Topix index edged down 0.13 percent, or 2.96 points, to 2,342.55.
07:25:24 AM IST, 29 September 2023
Rupee edges up 3 paise to 83.19 against US dollar
The rupee edged up 3 paise to settle at 83.19 against the US currency in a restricted trade on Thursday, aided by a correction in crude oil prices and the greenback.
07:26:34 AM IST, 29 September 2023
Markets Live Updates: Oil prices fall as Russia, Saudi Arabia expected to boost supply
Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday.
07:25:01 AM IST, 29 September 2023
Wall Street ends higher as investors digest economic data ahead of inflation report
Wall Street’s main indexes ended higher on Thursday as investors assessed the latest batch of economic data and as a surge in Treasury yields stalled ahead of a key inflation report.
07:24:35 AM IST, 29 September 2023
Sensex, Nifty on Thursday
Indian shares fell on Thursday amid weakness in global equities markets, rise in crude oil prices and persistent FII selling. The BSE Sensex declined 610 points or 0.92%, while its NSE counterpart Nifty50 was below the 19,550 level.
