Former Maharashtra Chief Minister Uddhav Thackeray criticized current CM Eknath Shinde, alleging that several industrial projects have moved from Maharashtra to Gujarat since Shinde took office. Thackeray also accused Union Home Minister Amit Shah of trying to undermine him and NCP leader Sharad Pawar. He highlighted the collapse of a Shivaji statue as an embarrassment for the state.
Stocks To Watch: Adani Enterprises, RIL, Tata Motors, Zydus Life, Biocon (30-09-2024)
Stocks to watch: Tata Motors has begun construction of a Rs 9,000-crore plant in Tamil Nadu for manufacturing Jaguar Land Rover vehicles.
Asian shares hold ground, Japan rate fears dent Nikkei (30-09-2024)
The Nikkei led the early action with a dive of 4.0% as investors anxiously waited for more direction from new Prime Minister Shigeru Ishiba, who has been critical of the Bank of Japan’s easy policies in the past.
Stock Market Live Updates: Index Outlook: Nifty 50, Sensex remain bullish (30-09-2024)
Sensex, Nifty, Share Prices LIVE: Nifty 50 and Sensex rose in line with our expectation last week. The Nifty Bank index, on the other hand, remained broadly stable and range-bound last week. Sensex and Nifty were up over a per cent each. The Nifty Bank index closed marginally higher by about 0.08 per cent. The overall sentiment is positive. The benchmark indices have supports which can limit the downside in the coming days, if there is a dip from current levels. The broader uptrend remains intact. Sensex and Nifty can rise more from current levels in the coming weeks. Nifty Bank index has a possibility of seeing an intermediate short-lived dip before moving higher.
GIFT Nifty down 30 points; here’s the trading setup for today’s session (30-09-2024)
“The Nifty is now targeting 26,500, with the potential to reach 27,000, especially if IT stocks show momentum alongside other major sectors. In the event of a dip, the 25,700-25,900 zone is expected to provide support,” said Ajit Mishra – SVP, Research, Religare Broking
Stocks in news: BEL, L&T, PNB, Nuvama Wealth, IDFC, IndusInd Bank (30-09-2024)
Fabless chip company L&T Semiconductor Technologies expects manufacturing of semiconductor products designed by it to start in the next two years.
Amid turmoil, all eyes on today’s Sebi board meet (30-09-2024)
The Securities and Exchange Board of India (Sebi) is set to hold a crucial board meeting on Monday, following allegations of conflict of interest against chairperson Madhabi Puri Buch. The board may discuss these accusations and issues related to a withdrawn press release on employee matters, although they are not on the official agenda.
Bond yields likely to soften with FPI inflows, saving interest costs for government (30-09-2024)
The Centre’s gross borrowings for the second half of the fiscal have been fixed at ₹6.61 lakh crore with the borrowing target for the entire fiscal being maintained at ₹14.01 lakh crore, the central bank said last week. About 77% of the bond issuances will be for 10 years or higher tenure.
Higher F&O rollovers put these stocks on traders’ radar (30-09-2024)
Analysts expect margins of oil marketing companies to improve with crude prices softening. Traders could buy IOC stock for a price target of Rs 196 with a stop loss of Rs 171, said Ruchit Jain, lead research analyst at 5Paisa.com.
Nifty likely to trade in 25,800-26,650 range: Analysts (30-09-2024)
Stocks like Sun Pharma, Dr Reddy’s, M&M, Eicher Motors, UBL, HDFC Bank, Tata Power, BPCL, ICICI Bank, Polycab, ABC, and CEAT are recommended by analysts for short-term trading.