NIFTY 50: ...
SENSEX: ...
RELIANCE: ...
TCS: ...
HDFC BANK: ...
ICICI BANK: ...
INFY: ...
Bite-sized market moves, explained simply.
Positive/strong: BEML, Adani Ports, HDFC Bank, IndiGo, UltraTech Cement, Lenskart
Under pressure: TCS, Maruti Suzuki, Tech Mahindra, Titan, several IT stocks.
The Supreme Court has allowed settlement in the NSE-SEBI co-location matter and disposed of related pleas, according to reports.
Veegaland Developers listed at Rs 154, around 10% above its Rs 140 IPO upper price, in its NSE debut.
Nestlé India shares came under pressure after FSSAI initiated legal action relating to non-compliances involving certain infant nutrition products. The stock was down around 0.86% in afternoon trade.
Lenskart Solutions touched a new intraday high of around Rs 703.85, gaining nearly 4% during Friday's session.
BEML shares rose over 4% after the company received an order worth Rs 5,400 crore from the National High Speed Rail Corporation for high-speed rolling stock.
Metal and Realty stocks are among the stronger areas of the market. Nifty Metal was up more than 1%, while Nifty Realty gained around 1.4% in midday trading.
The Nifty IT index was down around 1.6%, making IT one of the weaker sectors today.
Foreign institutional investors sold approximately Rs 3,208.76 crore in Indian equities on September 17. DIIs, meanwhile, bought around Rs 3,617.75 crore, providing some support to the market.
Asian markets are broadly positive, while easing crude prices and softer global bond yields are supporting sentiment in Indian equities.
DLF, Phoenix Mills and Anant Raj were among the real estate stocks in focus as the Nifty Realty index gained during the session. UP RERA's approval of 13 projects worth an estimated Rs 2,380 crore was cited as one of the sector's triggers.
The rupee weakened beyond Rs 96 per US dollar during the session. Traders reported possible RBI intervention, while elevated oil prices and global interest rates continued to weigh on the currency.
The US Federal Reserve raised interest rates by 25 basis points. Higher US yields and expectations of further tightening have added to market uncertainty in India, particularly for IT exporters and other interest-rate-sensitive sectors.
The National Stock Exchange of India opened its public issue today. The IPO is an offer for sale by existing shareholders, and early exchange data showed it was subscribed 0.09 times.
Investors are awaiting the US Federal Reserve's policy decision and forward guidance. The outcome may influence global bond yields, the dollar, and emerging-market equities.
Brent crude traded around $108 per barrel. Elevated oil prices could increase India's import bill and create pressure on inflation and the rupee.
Indian benchmark indices rebounded on Wednesday following Tuesday's sell-off. The recovery was supported by buying in select large-cap stocks, although gains remained sensitive to global market cues.
The Securities and Exchange Board of India is reconsidering its recently introduced closing auction system after concerns about price volatility and liquidity, particularly around derivatives expiry. Possible changes include shortening the auction window or temporarily returning to the earlier closing-price method.
HDFC Bank has reportedly submitted two candidates to the RBI for consideration as successors to outgoing CEO Sashidhar Jagdishan. The news supported the bank's stock in early trading, with shares gaining around 2%.
The Reserve Bank of India reportedly rejected Tata Sons’ request to voluntarily surrender its Certificate of Registration as a non-bank lender. The development has revived speculation about a potential Tata Sons IPO and triggered strong buying interest in select Tata Group companies, including Tata Chemicals and Tata Investment Corporation.
The Nifty IT Index gained nearly 4% in early trading. Tata Consultancy Services and Infosys rose around 5% each, as investor sentiment improved around the outlook for artificial intelligence development.
Indian equities turned volatile in Tuesday's trading session as rising crude oil prices, higher U.S. Treasury yields, and uncertainty ahead of the U.S. Federal Reserve meeting weighed on investor sentiment. The Nifty 50 and Sensex gave up their early gains, while broader mid-cap and small-cap indices also came under pressure.
