HDFC Bk, HUL help Sensex cut losses, index sheds 286 pts; Nifty below 19450

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

3:42 PM

Sector check :: Nestle India gains 3% on stock split plan, HUL up 1.6%

3:41 PM

Sectoral trends :: IT, FMCG indices eke out slim gains

3:39 PM

Sensex Heatmap :: Axis Bank, SBI, IndusInd Bank shed up to 5%

3:38 PM

Closing Bell :: Nifty ends below 19,450

3:37 PM

Closing Bell :: Sensex ends sharply off lows, still slips nearly 300 pts

3:29 PM

Automobile industry capable of becoming export-led $1 trn by 2035

Arthur D Little Managing Partner (India & South Asia) Barnik Chitran Maitra noted that India's automotive industry can become a global hub for design, development, and production, appealing to international markets. READ MORE

3:11 PM

Explained: Is Nifty500 index a worthy bet for passive investors?

While the Nifty 50’s market-cap coverage has been shrinking over the years and it currently covers just over 50% of India’s total market-cap, Nifty 500 offers more than 90% coverage to India’s listed universe. READ MORE

2:58 PM

IPO fundraising down 26% but average listing gains are up 29% this year

The largest IPO in the first half of 2023-24 was from Mankind Pharma (Rs 4,326 crore). This was followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore). READ MORE

 

2:49 PM

Adani Group shares in focus; Adani Enterprises up 5% as IHC hikes stake

In an exchange filing with the BSE, AEL said Green Vitality RSC had on Tuesday, Oct 3, acquired an additional 643,134 equity shares representing 0.06% total equity in the company from the open market. READ MORE

2:36 PM

Torrent files urgent plea in SC against Hinduja plan for Reliance Capital

Ahmedabad-based Torrent Investment has for the second time gone to the Supreme Court to stay a resolution plan the Hinduja Group has submitted to take over bankrupt Reliance Capital. READ MORE

2:23 PM

HDFC Bank's disburses Rs 48k crore home loans in Q2, Casa ratio falls

The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago. READ MORE

2:11 PM

News Alert:: HAL hands over first LCA Tejas twin-seater to Indian Air Force

Hindustan Aeronautics on Wednesday handed over the first LCA Tejas twin seater aircraft to the Indian Air Force, which has all the capabilities to support the training requirements of the IAF and augments itself to the role of fighter as well in case of necessity. READ MORE

1:59 PM

Avenue Supermarts soars 5% in weak market post Q2 business update

The company reported an 18.51% YoY increase in its standalone revenue from operations at Rs 12,308 crore in the September quarter. READ MORE

1:46 PM

GST Council likely to consider 'zero tax' on millet mix in meeting

The Goods and Services Tax (GST) Council, scheduled to meet on Saturday, will take up changes to tax rates on some items, including millet-based product mixes. READ MORE

1:36 PM

Paytm, Sun TV, Prestige: 5 stocks where the momentum has turned favourable

One 97 Communications (Paytm)

Upside Potential: 8%

 

Shares of Paytm seem to have formed a strong support base around the 50-DMA at Rs 850, and now attempting to cross the 20-DMA hurdle placed at Rs 868. Given the favourable trend in momentum oscillators, as and when, the stock starts trading consistently above the 20-DMA, it is likely to gain upside momentum. READ MORE