Hero MotoCorp (HMCL) reported a strong start to the festive season with robust traction across dealerships and expects record festive sales.
Nifty remains in a downtrend as it has been trading below all key moving averages. Supports for the Nifty are seen at 24540 and 24400.
Yellow metal logs best half-yr returns in 30 yrs; weakest H1 for indices since FY23
Sensex Today| Stock Market Close Highlights today, Sep 30: In the broader market, Nifty MidCap 100 index closed lower by 0.01 per cent, while NIfty SmallCap was up 0.08 per cent.
The brokerage believes Hindustan Zinc/Vedanta's exposure to silver is underpriced, as the consensus expectations trail the strong move in silver in recent months
At 1:00 PM, Concord Enviro Systems share price continued to trade higher, up 1.56 per cent at ₹506.75, outperforming the benchmarks, which was trading flat at 80,399.43 levels.
Nuvama flagged 'high valuations' and 'near-term industry weakness' as key reasons for caution, even as structural positives remain intact.
JSW Infra shares fell 2 per cent after its unit received a show cause notice from the GST authorities, alleging tax contraventions amounting to ₹96.58 crore
The buying on the counter came after the RBI approved Aga Khan Fund for Economic Development S.A (AKFED) to acquire 60,58,394 equity shares of DCB Bank through a preferential issue
PSBs have benefited from the Reserve Bank of India's (RBI) cumulative 100 basis points (bps) repo rate cut in three tranches till June 2025, and liquidity measures that lowered borrowing costs
Motilal Oswal retained its 'Neutral' rating on the stock with a target price of ₹730 per share, against Monday's close of 728 apiece.
Around 11:00 AM, DCX Systems shares were off day's high, but continued to trade 1.2 per cent higher at ₹240.05 per share. By comparison, BSE Sensex was trading flat at 80,417.21 levels.
Thomas Cook shares gained in trade after the company signed a Memorandum of Understanding (MoU) with the Ministry of Tourism, in a strategic move to strengthen the domestic tourism ecosystem.
Blue Dart Express shares rose 10 per cent after it announced an average shipping rate hike of 9 per cent to 12 per cent
Anand Rathi Share IPO listing: The company's shares listed at ₹432.10 per share on the BSE, reflecting a premium of ₹18.10 per share or 4.37 per cent over the issue price of ₹414 per share
Man Industries shares fell 16 per cent after Sebi banned its chairman and top executives from accessing the securities markets for two years
Solarworld Energy Solutions shares listed at ₹389 per share on the BSE, up ₹38 or 10.83 per cent over the issue price of ₹351 per share
JM Financial Institutional Securities is upbeat on the company's strong turnaround under CEO Ritesh Idnani (appointed August 2023).
Emkay believes the potential acquisition of Iveco could significantly scale up Tata Motors' commercial vehicle (CV) business, with South America (SA) revenues potentially expanding to ₹2 trillion
Polycab has established itself as a clear leader in the domestic organised C&W market with ~26-27 per cent share, up from ~18-19 per cent in FY20.