Sensex, Nifty flat; PSU banks top gainers; media top drag


Indian indices turned flat after a positive start on Thursday. All eyes will be on the core sector data due today. Asian stocks were mixed Thursday as investors assessed the impact of skyrocketing energy costs on inflation and the pandemic recovery.

30 Sep 2021, 11:15:37 AM IST

Rupee falls 20 paise

30 Sep 2021, 11:02:44 AM IST

Indian Overseas Bank gains

Indian Overseas Bank’s stock was trading at 23.25 apiece, up 13.41% at 11:02 am. RBI says bank has given written commitment to comply with norms of minimum regulatory capital, net npa, leverage ratio on ongoing basis

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30 Sep 2021, 10:53:56 AM IST

Adani Green signs pact with Essel Green to acquire solar asset in Odisha

Adani Green on Thursday informed that its wholly-owned subsidiary Adani Renewable Energy has signed definitive agreements with Essel Green Energy for 100% acquisition of a special purpose vehicle (SPV) operated by Essel Green. The SPV comprises of 40 MW operating solar project in Odisha. (Read more)

30 Sep 2021, 10:51:59 AM IST

Kotak Mahindra, HDFC Bank top drags 

Nifty Bank index

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Nifty Bank index
30 Sep 2021, 10:38:30 AM IST

India records 23,529 covid-19 cases, 311 deaths; active case tally lowest in 195 days

India recorded a single-day rise of 23,529 covid-19 cases on Thursday, taking its infection tally to 3,37,39,980, while the count of active cases dipped to 2,77,020, the lowest in 195 days, according to Union Health Ministry data. The death toll due to the disease has climbed to 4,48,062 with 311 daily fatalities being recorded, according to the data updated at 8 am. The number of active cases has declined to 2,77,020, comprising 0.82% of the total infections – the lowest since March 2020, the ministry said. The national covid-19 recovery rate was recorded at 97.85%, the highest since March 2020, it added. A decrease of 5,500 cases has been recorded in the active covid-19 caseload in a span of 24 hours. Also, 15,06,254 covid-19 tests were conducted in the country on Wednesday, taking the total number of such examinations done so far to 56,89,56,439, the data showed.

30 Sep 2021, 10:19:57 AM IST

Market commentary: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

“The index continues to face resistance at higher levels. The current level of importance is 17,700 – we need to trade above this for a positive bias to set in. Until then we will continue to see sideways price action. If we can get past 17,750-17,800 on a closing basis, the Nifty will be on its way to claim 1,8000. 17,500 is rock-solid support and until that does not break, the overall trend of the market is positive.”

30 Sep 2021, 10:17:45 AM IST

Bharti Airtel surges

Bharti Airtel’s stocks were trading at 706 apiece, up 1.74% at 10:17 am, ahead of a key press conference scheduled for later today. 

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30 Sep 2021, 10:01:38 AM IST

Sterling and Wilson Solar trades lower

Sterling and Wilson Solar’s stock was trading at 402.10 apiece, down 3.05% at 9:58 am. The company’s promoters have repaid their debt of 741 crore to Sterling and Wilson Solar, according to a regulatory filing.  

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listElement-graph-11632976266141-295131

30 Sep 2021, 09:44:18 AM IST

Adani Green gains

The company’s stock was trading at 1,140.35 apiece, up 0.67% at 9:43 am. Adani Renewable Energy has signed definitive agreements with Essel Green Energy to acquire 100% economic value in an SPV that owns 40 MW operating solar project in Odisha.

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30 Sep 2021, 09:32:46 AM IST

India ready to expand economic partnership with US: Goyal

India and the US should engage in a much bigger way and New Delhi is ready and willing to expand the economic partnership with America, Commerce and Industry Minister Piyush Goyal said on Wednesday. He also called for setting an ambitious bilateral trade target of $1 trillion in the next 10 years. Addressing the 4th Annual Leadership Summit of the US-India Strategic Partnership Forum (USISPF), Goyal said though a lot of effort had gone into negotiating a trade agreement between the two countries during the previous US administration, unfortunately it did not work out.

30 Sep 2021, 09:31:29 AM IST

Glenmark gains

Glenmark pharma’s stock was trading at 511.00 apiece, up 0.35% at 9:30 am. The company has received marketing approval for Ryaltris, an innovative combination nasal spray, in 13 countries across the EU and UK.

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30 Sep 2021, 09:23:17 AM IST

PSU banks, metals top gainers

Nifty sectoral indices

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Nifty sectoral indices
30 Sep 2021, 09:21:31 AM IST

HDFC Bank, Kotak Mahindra Bank top Sensex drags

Index contribution

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Index contribution
30 Sep 2021, 09:20:16 AM IST

Market opening

The Sensex opened at 59,549.57, up 136.3 points, or 0.23%, while Nifty was at 17,718.90, up 7.60 points, or 0.04%. PSU banks, realty were top gainers.

Sensex at 9:20 am

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Sensex at 9:20 am
30 Sep 2021, 09:05:55 AM IST

Market pre-opening

At market pre open, the Sensex was at 59,647.23, up 233.96 points, or 0.39%, while Nifty was at 17,711.30, down 37.30 points, or 0.21%. 

Sensex at pre open

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Sensex at pre open
30 Sep 2021, 08:45:24 AM IST

Market pre opening quote: Gaurav Udani, CEO and founder, ThincRedBlu Securities

“Nifty is expected to open flat to negative at 17,660, down by 50 points. Nifty has support in 17,580-16,620 and resistance in 17,780-17,820 range. Today being the monthly expiry we may see some volatile markets. Buying on dips with strict stoploss is the suggested strategy for traders.” 

30 Sep 2021, 08:42:20 AM IST

Petrol, diesel prices hiked today after a day’s pause. Check latest rates

Petrol and diesel prices were increased across India on Thursday after a day’s pause. Petrol price has been increased by around 25-30 paise whereas diesel prices raised by 28-32 paise per litre, according to price notification by state-run oil companies. In Mumbai, petrol was being retailed at 107.71 per litre. Diesel was being sold at 97.52 per litre. Petrol and diesel prices in Delhi increased by 25 and 30 paise, respectively. Vehicle owners will have to shell out 101.64 for a litre of petrol, and 89.87 for a litre of diesel in the capital. (Read more)

30 Sep 2021, 08:24:02 AM IST

IIFL Private Equity hits big returns with $50 mn CAMS exit

IIFL Private Equity has completely exited its investment in mutual fund transfer agency Computer Age Management Services Ltd (CAMS) for $50 million ( 353 crore), having invested in the company just an year ago, said a person aware of the development. (Read more)

30 Sep 2021, 08:19:16 AM IST

Stocks to Watch

HDFC Bank, IOB, RIL, Piramal Enterprises, ZEE, among other stocks may be in the news today. (Read more)

30 Sep 2021, 08:01:53 AM IST

Market outlook

Markets are likely to stay volatile on Thursday while trends in SGX Nifty suggest a weak opening of Indian benchmark indices. On Wednesday, the BSE Sensex ended at 59,413.27, down 254.33 points or 0.43% and the Nifty closed at 17,711.30, down 37.30 points or 0.21%. (Read more)

30 Sep 2021, 07:47:23 AM IST

Asian markets off to mixed start

Asian stocks were mixed Thursday as investors assessed the impact of skyrocketing energy costs on inflation and the pandemic recovery. Treasuries edged up and the dollar pared an advance. Japanese shares slipped as the ruling party’s new leader, who is set to become the next prime minister, is seen by investors as maintaining stability. Australia rose, while Hong Kong fell and China was little changed. U.S. futures climbed. The Nasdaq 100 notched its third straight day of losses after a technology rally petered out. Dip buyers helped push the S&P 500 higher.

S&P 500 futures rose 0.3% as of 10:30 a.m. in Tokyo. The S&P 500 rose 0.2%

Nasdaq 100 futures rose 0.4%. The Nasdaq 100 fell 0.1%

Topix index fell 0.5%

Australia’s S&P/ASX 200 Index rose 1%

Kospi index fell 0.1%

Hang Seng Index fell 0.7%

Shanghai Composite Index rose 0.3%

30 Sep 2021, 07:34:41 AM IST

US indices pare gains

The rally in technology shares fizzled out, weighing on the broader stock market. The S&P 500 pared most of its earlier gains as a drop in tech offset an advance in defensive industries like utilities and consumer staples. The dollar rose to the highest level since November 2020, while Treasuries fluctuated. Federal Reserve Chair Jerome Powell and his counterparts at the European Central Bank, Bank of Japan and Bank of England voiced cautious optimism Wednesday that supply-chain disruptions lifting inflation rates around the world would ultimately prove temporary. Traders remained alert to the potential for market disruption should politicians in Washington fail to raise the debt-ceiling in time to avoid a default on U.S. obligations. The U.S. Treasury is likely to exhaust its ability to borrow as soon as late October, according to the Congressional Budget Office, in the latest warning to lawmakers following their failed efforts to address the debt ceiling this week.

The S&P 500 rose 0.2% as of 4 p.m. New York time

The Nasdaq 100 fell 0.1%

The Dow Jones Industrial Average rose 0.3%

The MSCI World index fell 0.3%

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