Sep 29, 2023, 4:50 pm IST
Indian Rupee Closes 14 Paise Higher At 83.04 Against US Dollar
The Indian rupee closed 14 paise higher at at 83.04 as against against the US dollar on Friday led by positive trends in domestic equities and a retreat in the dollar index.
Sep 29, 2023, 3:58 pm IST
Stock Market Closing Update: Nifty Settles Above 19,600 Mark, Sensex Rises 0.49% At 65,828.41 Points
The domestic equity market closed on a positive note on Friday. At market close, the benchmark index Sensex was up 0.49% at 65,828.41, and the Nifty gained 0.59% at 19,638.30 points.
Stocks that contributed to gains on Nifty included Hindalco Industries, NTPC, Hero MotoCorp, Dr Reddy's Laboratories, and Divis Lab, while were Adani Enterprises, LTIMindtree, HCL Technologies, Tech Mahindra were the laggards.
Sep 29, 2023, 2:57 pm IST
Navin Fluorine Shares Slump 13% After Radhesh Ratnakar Welling Tender Resignation
The share price of Navin Fluorine declined almost 13% on Friday, a day after the company announced that Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons. At 2:51 IST, the stock was down 13.57% at Rs 3769.95 per share.
Sep 29, 2023, 2:39 pm IST
Hindustan Zinc Shares Gain Almost 4% On Corporate Rejig Plan
Hindustan Zinc shares were up 3.76% at Rs 310.15 per share on Friday after the company announced its corporate restructuring plan. The company said that the Board of Directors of the Company, at their meeting held on September 29, 2023, authorized the Committee of Directors (CoD) to evaluate appropriate corporate restructuring exercise to unlock shareholder value.
Sep 29, 2023, 2:20 pm IST
Tata Group-Owned Air India Completes Acquisition Of India's First A350 Aircraft Via GIFT City
Tata Group-owned Air India has completed the acquisition of its first A350-900 aircraft via a finance lease transaction with HSBC through the GIFT City, news agency PTI reported. This is the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC)
Sep 29, 2023, 2:07 pm IST
Jet Airways Revival: Shares Gain 5% After Jalan-Kalrock Infuses Rs 100 Cr Into Cash-Strapped Airline
The share price of Jet Airways gained 5% in the intraday trading on Friday after Jalan Kalrock Consortium (JKC), the winning bidder for the revival of the grounded carrier infused an additional Rs 100 crore into the airline, in a bid to revive the now-defunct carrier.
Sep 29, 2023, 1:55 pm IST
RBI Approves Proposal for IFC to Acquire up to 9.7% stake in Federal Bank
The Federal Bank has received an intimation from the Reserve Bank of India on September 28, 2023, that it has accorded its approval to International Finance Corporation (IFC) for acquiring aggregate holding of up to 9.70% of the paid-up share capital or voting rights of the bank subject to the conditions specified therein, according to Moneycontrol.
Sep 29, 2023, 11:12 am IST
Tube Investments Share Plunges Over 6% Amid Block Deal Reports
Tube Investments of India stock price fell more than 6% in the morning trade on September 29, 2023 amid reports of a block deal. Current market price of Tube Investments stock on BSE is Rs 3023.90 apiece. The stock also witnessed a spurt in volume by more than 245 times today. Tube Investments shares rallied 119% in last 2-years. Nearly 1.04 million Tube Investments shares changed hands in a bunch of trades, according to reports.
Sep 29, 2023, 11:06 am IST
Cryptocurrency Price Today September 29: Bull Run In Crypto Market
Bulls dominated the the digital asset market on Friday (September 29) as the price of the world's two largest cryptocurrencies Bitcoin and Ethereum soared over 2% today. On Friday, The global crypto market cap rose 2.08% at .07 Trillion. Today, Bitcoin price was up 2.03% at ,903.72 per token. At this price, the total market cap of Bitcoin has increased up to 2% to 4 Billion. Ethereum price surged 2.82% at ,650.74 per token. At this price Ethereum has a market capitalization of 8,477,875,162 according to CoinMarketcap data.
Sep 29, 2023, 10:53 am IST
Top 5 Gainers and Losers Today
Source: NSE
Sep 29, 2023, 10:51 am IST
Sequoia Capital, Happiest Minds Promoter Offload Shares In Quick Heal Technologies
Sequoia Capital, exited Quick Heal Technologies Ltd on Thursday (September 28) by offloading its whole 3.4% investment in the company in the open market. According to data available on BSE, Sequoia Capital, an American venture capital firm, sold 13,60,975 shares of the company at Rs 240 apiece on the BSE. The company sold 4,25,000 shares on the NSE.
Sep 29, 2023, 9:52 am IST
Adani Green Energy Shares In Focus After Abu Dhabi's IHC Decides To Sell Stake In Adani Firms
The share price of two Adani group firms Adani Green Energy and Adani Energy Solutions will be on investors' watchlist on Friday after Reuters reported that Abu Dhabi conglomerate International Holding Company (IHC) (IHC.AD) has decided to sell its stake in two of India's Adani Group companies. The move comes as the Indian billionaire Gautam Adani's business continues its fight against fraud allegations.
Sep 29, 2023, 9:25 am IST
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The ‘sell on rally’ market construct is likely to change in October. October is usually a favourable month, both for US and Indian markets. There are indications that this historical trend may play out this October too. The ‘triple whammy’ of up-trending dollar, US bond yields and Brent crude is showing signs of easing. If this trend continues it will facilitate a recovery in markets. Stability in the US market yesterday also can be a supportive factor.
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.
Sep 29, 2023, 8:53 am IST
Top Stock Picks For Today By AR Ramachandran from Tips2trades
Tata Investment Corporation, Adani Power and JSW Steel are 3 stocks which AR Ramachandran from Tips2trades has recommended to buy or sell today.
Sep 29, 2023, 8:49 am IST
Stocks To Watch Today
Yes Bank, Emami, SBI Life, and Saregama India are among the stocks that are likely to be in focus today.
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