12:40:33 PM IST, 05 October 2023Sensex Today | Stock Market LIVE Updates: Shares of Marico fell nearly 5% to Rs 543.9 in Thursday's trade on BSE after
12:40:33 PM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Shares of Marico fell nearly 5% to Rs 543.9 in Thursday’s trade on BSE after the September quarter business update by the Indian consumer products maker disappointed investors.
12:25:41 PM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: State-run Shipping Corporation of India shares jumped 9% to the day’s high of Rs 152.80 on the NSE amid reports about its divestments gaining pace. The news helped the stock break its four sessions losing streak which saw an 8% price erosion.
12:17:05 PM IST, 05 October 2023
Oil up after OPEC+ maintains output cuts but shaky demand caps gains
Brent crude oil futures rose 55 cents to $86.36 a barrel at 0640 GMT, while U.S. West Texas Intermediate crude climbed 55 cents to $84.77.
Oil settled down more than $5 on Wednesday as a bleaker macroeconomic outlook and fuel demand destruction came into focus following a meeting of an OPEC+ panel, grouping the Organization of the Petroleum Exporting Countries and allies led by Russia.
12:14:42 PM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Shares of oil marketing companies (OMCs) climbed up to 4% in Thursday’s trade on BSE amid a sharp decline in crude oil prices.
11:50:25 AM IST, 05 October 2023
FOREX NEWS | Rupee flat as local US dollar demand counters softer greenback
The rupee was at 83.2350 against the U.S. dollar as of 11:30 a.m. IST after closing at 83.24 in the previous session.
The dollar index fell to 106.62, down about 0.12%. Asian currencies rose, with the Korean won leading gains.
11:45:11 AM IST, 05 October 2023
Goldman Sachs is cautious on ‘expensive’ India stocks before elections
“The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three to six months,” analysts including Sunil Koul and Amorita Goel wrote in a note.
While this year’s surge in equity markets makes for a great backdrop for Prime Minister Narendra Modi — who is seeking a third term in office — a sense of caution is building. Goldman’s view comes as overseas investors sold $2.3 billion worth of Indian stocks on a net basis in September, following six months of inflows.
11:31:26 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Marico falls most in nearly 1 year on weak Q2 update
- Shares of Marico fall as much as 4.7% to 543.90 rupees, their steepest intra day pct fall since Nov. 7, 2022
- Consumer goods maker says its Sept-qtr rev dipped on YoY basis as rising food prices and low rainfall delayed recovery in rural demand
- Analysts at Nuvama expect Marico’s Q2 consol rev to dip 2% YoY; EBITDA margin to expand as prices of copra and edible oil stay favourable
- Macquarie analysts foresee a 5% decline in domestic sales, leading to a 1% decline in overall sales
- Mean rating of 39 analysts tracking MRCO at “buy”; median PT is 608 rupees – LSEG data
- Including session’s move, stock up ~7% YTD
11:31:04 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Tata Elxsi to develop automotive cyber security solutions with Indian Institute of Science (IISc).
11:22:47 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Top 5 gainers from IT services pack
11:22:18 AM IST, 05 October 2023
Stock Market LIVE Updates: Australian shares end higher, investors eye US jobs data
The S&P/ASX 200 index rose 0.5% to 6890.2. The benchmark had slipped to an 11-month low dropping 0.8% on Wednesday.
Market sentiment eased after U.S. private payrolls increased far less than expected in September.
11:20:43 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Hindalco Industries will be entering into a Memorandum of Understanding (MoU) with Odisha Mining Corporation for the long-term supply of Bauxite ore for its proposed 2-million tonne alumina refinery and 150-MW captive power plant at Kansariguda in the Rayagada District. This will be the company’s second alumina refining facility in the Rayagada district of Odisha. The total proposed investment of Rs 8,000 crore shall be in two phases. The first phase of 1 million tonne is expected to be commissioned in FY27, at an investment of Rs 5,500 crore.
11:14:43 AM IST, 05 October 2023
Sensex Today | Sensex surges 500 points!
11:09:47 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: ICICI Bank, ITC among 10 large & midcap stocks that can rally up to 34%
Brokerage firm Axis Securities is positive on a few large and midcap stocks, which can rally up to 34%. These stocks belong to different sectors such as banking, auto and pharma. These stocks include ICICI Bank, SBI, Maruti Suzuki, Ashok Leyland and ITC. Here’s a list of 10 large & midcap stocks that can rally up to 34%, according to the brokerage.
11:01:30 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: TCS bags order from Georgia Department Of Labour for unemployment insurance system
10:59:40 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Sensex surges 470 points on gains in IT & bank stocks
10:44:24 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: The construction arm of Larsen & Toubro has secured various orders of up to Rs 2500 to 5000 crore for its Buildings & Factories business.
10:43:13 AM IST, 05 October 2023
Macro Alert | India’s services sector grew at faster pace in Sept, optimism at 9-year high
That bodes well for Asia’s third-largest economy, which is expected to be the fastest-growing major economy this fiscal year, defying a global slowdown trend.
S&P Global’s India services purchasing managers’ index rose to 61.0 last month from 60.1 in August, confounding expectations in a Reuters poll for a dip to 59.5.
The reading was above the 50-mark separating growth from contraction for a 26th consecutive month.
10:41:27 AM IST, 05 October 2023
Sensex Today | Stock Market LIVE Updates: Edelweiss Financial, SIS India among top gainers at this hour
10:40:18 AM IST, 05 October 2023
Stock Market LIVE Updates: Hong Kong stocks rebound from 11-month low, Chinese property stocks climb
Brokers said investors were awaiting data from China’s Golden Week holiday and economy growth, while concerns over the mainland property sector may cap rise of the property segment.
10:25:08 AM IST, 05 October 2023
Sensex Today | Here’s a look at market stats
> Adavnce-decline ratio on BSE at 2:1
10:24:38 AM IST, 05 October 2023
Sensex Today | Check out top Sensex contributors at this hour
> Bank, IT stocks lead gainers
10:23:04 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: These stocks from Nifty500 pack hit 52-week highs today
10:12:21 AM IST, 05 October 2023
India bond yields dip as reversal in US peers aids mood before RBI decision
The 10-year benchmark 7.18% 2033 bond yield was at 7.2108% as of 10:00 a.m. IST, after ending at 7.2367% in the previous session.
10:11:31 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates | IEX shares opened over 4% higher after its overall volumes rose 13% to 9147 MU. Real-time market volume at 2923 MU, up 33% year-on-year.
09:56:17 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: Marico declined 4% as the company expects September quarter revenue to dip due to weakness in rural recovery.
After spiking to $96 Brent crude has softened to $90 now. Production cuts by OPEC and Russia will keep crude prices elevated. Apart from supply, demand will influence the price and, therefore, global growth has to be carefully watched. If Chinese growth continues to struggle impacting global growth, oil demand will be soft restraining prices. MPC is unlikely to be influenced by the rise in crude price. MPC will hold the rates and maintain the stance in the meeting this week.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:50:16 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: Funds of Tata Asset Management raise stake in Yatra Online to 5.5%
09:45:51 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: Emkay initiated coverage of the hotel industry. The brokerage firm initiated coverage on Indian Hotels with a buy rating and a target price of Rs 485. Lemon Tree has a buy rating and a target price of Rs 141. Chalet Hotels has a hold rating with a target price of Rs 625.
09:44:54 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: Macrotech Developers achieved best ever qtrly pre-sales performance of Rs 3530 crore in Q2
09:43:54 AM IST, 05 October 2023
Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The triple whammy of spiking dollar, US bond yields and crude is slowly easing, paving the way for a recovery in markets. The decline in the dollar and US bond yields are mild and , therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive. Apart from the macro benefits the crude correction will reflect positively on the stocks of oil consuming industries like paints, aviation and tyres.
Sustained FII selling has impacted banking stocks in spite of their sound fundamentals. Q2 results of banks will be good and their valuations are attractive. This presents a good buying opportunity now. Capital goods stocks will continue to do well. Q2 results of autos, too, will be good, gaining from soft commodity prices. The market will start discounting this in advance.
09:34:06 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates: Sobha recorded Q2 sales of Rs 1724 crore
- Bangalore achieved its highest ever sale value of Rs 932 crore in Q2
- Recorded its highest ever sales in second quarter
- Saw sales value of Rs 1724 crore in Q2 FY24
- Stock rises 2% in early trade
09:32:54 AM IST, 05 October 2023
Rupee rises 4 paise to 83.20 against US dollar in early trade.
09:26:16 AM IST, 05 October 2023
Stock Market Live Updates | Polymatech Electronics files DRHP with SEBI for Rs 750 crore IPO
09:20:32 AM IST, 05 October 2023
Sensex Today | Stock Market Live Updates | NHPC, PNB among most active stocks in morning trade
09:19:39 AM IST, 05 October 2023
Stock Market Live Updates | Opening Bell: Sensex jumps over 300 pts, Nifty above 19,500; NIIT gains 4%, Navin Fluorine drops 3%
09:05:48 AM IST, 05 October 2023
Pre-open session: Sensex jumps 400 points; Nifty above 19,530
Markets may see a gap-up opening owing to gains in US and Asian indices after the recent sell-off. A halt in the selloff of US treasury instruments and crude prices falling to $85.5 per barrel bode well for the markets. However, upside is likely to be capped given the broader economic uncertainty, and the ongoing FII selling will keep investors on a cautious note. Traders will take selective bets ahead of tomorrow’s credit policy announcement. Technically, Nifty could face hurdles at the 19666 mark.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:00:53 AM IST, 05 October 2023
Asian shares come off 11-month lows as Treasuries rally
Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally.
08:01:21 AM IST, 05 October 2023
Markets Live Updates: Yen gets some relief as dollar pulls back overnight
The yen got some much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S. economic data overnight had markets lowering the odds of the Federal Reserve’s raising interest rates again this year.
08:01:29 AM IST, 05 October 2023
Markets Live Updates: Gold gains after multi-session selloff as US dollar, yields retreat
Gold prices edged up on Thursday, getting a reprieve after declining in the previous eight consecutive sessions, as U.S. bond yields and the dollar stepped back from highs ahead of a keenly awaited non-farm payrolls report this week.
07:27:26 AM IST, 05 October 2023
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19491, signaling that Dalal Street was headed for muted start on Thursday.
07:27:15 AM IST, 05 October 2023
Tech View: Nifty forms Dragonfly Doji candle on charts
Nifty today ended the session 93 points lower to form a Dragonfly Doji candlestick formation which is indicating a strong possibility of a relief rally from the current levels.
07:27:02 AM IST, 05 October 2023
Rupee falls 4 paise to close at 83.24 against US dollar
The rupee depreciated 4 paise to settle at 83.24 against the US dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments.
07:27:57 AM IST, 05 October 2023
Markets Live Updates: Tokyo stocks open higher
Tokyo stocks opened higher on Thursday, rebounding from previous losses to follow Wall Street gains after US Treasury yields retreated.The benchmark Nikkei 225 index was up 0.37 percent, or 111.60 points, at 30,638.48 in early trade, while the broader Topix index rose 0.53 percent, or 11.75 points, to 2,230.64.
07:26:39 AM IST, 05 October 2023
Nasdaq leads Wall Street rebound after weaker-than-expected data
US stocks ended higher and the Nasdaq gained more than 1% on Wednesday, a day after a sell-off, as the latest economic data showed U.S. private payrolls increased less than expected in September.
07:28:11 AM IST, 05 October 2023
Markets Live Updates: Oil prices tick up after OPEC+ panel maintains output cuts
Oil prices inched up in early trade on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight amid concern about a looming slump in global economic growth.
07:26:13 AM IST, 05 October 2023
Sensex, Nifty on Wednesday
The 30-share BSE benchmark Sensex dropped 286 points or 0.44% to settle at 65,226. The broader NSE Nifty declined 93 points or 0.47% to end at 19,436. Shares fell to a more than one-month low.
economictimes.indiatimes.com
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