The NSE Nifty index closed 218.85 points down at 24795.75
Gold prices rise Rs 250 to hit fresh all-time high of Rs 78,700 per 10g (07-10-2024)
The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday
Stock market update: Nifty Realty index falls 1.13% (07-10-2024)
The Nifty Realty index closed 1.13 per cent down at 1020.15.
Kotak Mahindra AMC launches new Kotak MNC Fund for diverse equity investment (07-10-2024)
Designed to include 40-50 MNC stocks, the Kotak MNC Fund presents an opportunity for investors to tap into the growth and stability of leading MNCs across various sectors, geographies, and market capitalisations
Sensex falls! These stocks fell 5% or more in Monday’s session (07-10-2024)
In the Nifty pack, 10 stocks closed in the green, while 40 stocks ended in the red.
Bhansali Engineering Polymers – An Import Substitution Story! (07-10-2024)
I actually have a very basic question wrt oversupply.
- Total import substitution demand is 175 kTPA and say, the market will grow by 7-8% and the demand will reach 200 kT by 2026
- Now, the new facilities coming online are 300kTPA – 100k (Styrenex), 80k (Supreme), 125k (Bhansali eng). Basically, a 100k oversupply
- Another factor is threat of imports. Custom duty on ABS is just 6-6.5% and there’re low cost producers in nearby countries. Also, China’s demand is 5 mil T (14x), meaning even a small drop in demand there could lead to dumping in India. The situation is too predicated on things going exactly right for sales improvement.
Also, the company’s margins significantly higher Styrenix since FY24, which wasn’t the case in FY23. If someone can shed some light on this.
Heavyweight stocks drag Sensex down by 638 points (07-10-2024)
Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the sixth consecutive session, the BSE Sensex tumbled 638.45 points or 0.78 per cent to settle at 81,050. During the day, it plummeted 962.39 points or 1.17 per cent to 80,726.06. The NSE Nifty slumped 218.85 points or 0.87 per cent to end at 24,795.75.
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (07-10-2024)
Adani Ports SEZ, BEL, NTPC, Coal India Ltd and SBI were among the top losers on NSE in today’s trade.
Hero Motors withdraws DRHP for Rs 900 crore IPO (07-10-2024)
Hero Motors Limited has pulled back its Draft Red Herring Prospectus (DRHP) for the planned Initial Public Offering (IPO).