Voting for the final phase of the Jammu and Kashmir assembly elections has begun. A total of 40 constituencies across the Jammu and Kashmir regions will decide the political fate of 415 candidates, marking the first election since Article 370’s abrogation. With over 39 lakh voters eligible to cast their votes, comprehensive security and special facilities are in place to ensure smooth polling. Key contestants include several high-profile leaders, with results expected to shape the future political landscape of the region.
GIFT Nifty down 5 points; here’s the trading setup for today’s session (01-10-2024)
Rupee depreciated 10 paise to settle at 83.79 against the US dollar on Monday, taking cues from equity markets that saw a steep fall of over 1 per cent amid volatile crude oil prices and significant foreign fund outflows.
Stocks in news: TCS, Tata Power, IRCTC, Mankind Pharma, Bank of Maharashtra, SpiceJet (01-10-2024)
Mankind Pharma announced that it would raise up to Rs 10,000 crore through issuance of non-convertible debentures (NCD) and commercial papers.
Japanese stocks regain some ground after rout (01-10-2024)
Treasuries extended declines, pushing short-term yields higher, after Chair Jerome Powell’s cautious stance in saying the Federal Reserve will lower interest rates “over time,” while re-emphasizing that the overall economy remains on solid footing. Emerging-market stocks ended the day lower as the Powell comments weighed on sentiment.
Stock Market Live Updates: APL Apollo Tubes (₹1,584): BUY (01-10-2024)
Sensex, Nifty, Share Prices LIVE: The outlook for APL Apollo Tubes is bullish. The stock has begun the week on a strong note by rising over 3 per cent. This rise has taken the share price well above ₹1,520 – a key resistance. The region between ₹1,520 and ₹1,500 will now act as a strong support.
Sebi OKs faster rights issues, new asset class (01-10-2024)
This was Sebi’s first board gathering after the emergence of conflict-of-interest allegations directed at the regulator’s chair, Madhabi Puri Buch. Sebi’s press statement issued late evening remained silent on allegations against Buch and HR issues raised by its employees.
Taparia Tools – A Micro Cap. Company with Mighty Financials at Mightier Valuation (01-10-2024)
But buying it is very difficult.
China’s Gain=India’s Pain: Dalal Street indices slump (01-10-2024)
The NSE Nifty fell 1.4%, or 368.10 points, to close at 25,810.85. The BSE Sensex declined 1.5%, or 1,272.07 points, to close at 84,299.78. Japan’s Nikkei 225 Index slumped 4.8% with Shigeru Ishiba set to take over as the country’s new Prime Minister on Tuesday. His appointment has also made global investors uneasy as higher interest rates would lead to a stronger yen, prompting investors to reverse carry trades.
Robust demand drives govt to issue more long-dated bonds (01-10-2024)
Buoyed by this demand, the Centre has comfortably elongated the maturity of its borrowings – thus helping it better manage debt repayment obligations. Moreover, the buying interest has brought about a fall in long-term sovereign bond yields, leading to softer borrowing costs across the economy.
Adani Airport to raise Rs 1,950 crore via NCDs (01-10-2024)
The NCDs are rated A+/Stable from both India Ratings and CRISIL Ratings. Axis Bank and Trust Investment Advisors Private are the arrangers for the issue which opens on September 30, 2024, with a tenor of 3 years, 11 months, and 7 days.