A total of 146,833 shares changed hands on the counter till 11:00AM (IST).
Top Telugu actor Allu Arjun visited a boy in the hospital, who was seriously injured during a stampede at the premiere of his film Pushpa 2. Security was heightened for Arjun's visit. He is involved in legal proceedings regarding the incident, which also resulted in the death of a woman.
As of 30-Sep-2024, promoters held 70.08 per cent stake in the company, while FIIs held 8.41 per cent and domestic institutional investors had 2.87 per cent.
In the Nifty 50 index, 39 stocks were trading in the green, while 11 stocks were trading in the red.
Sunil Subramaniam, a market expert, suggests that the pre-budget rally might not occur due to uncertainties around Trump's announcements and market reactions. He advises that investors may wait for the Budget and earnings season to gain better clarity on market movements. He believes buying through mutual funds is a more strategic approach at this time.
Biocon share price: This upgrade reflects a more positive outlook on the company following recent favorable news flow, particularly concerning its biologics business.
A total of 4,617 shares changed hands on the counter till 10:50AM (IST).
Paras Defence and Space Technologies announced that it had obtained a license from the Department for Promotion of Industry & Internal Tradse (DPIIT) to manufacture Light Machine Guns (LMGs).
As of 30-Sep-2024, promoters held 62.55 per cent stake in the company, while FIIs held 10.39 per cent and domestic institutional investors had 9.24 per cent.
The Nifty Bank index was trading 0.62 per cent at 50229.10.
Funding round saw participation from Ambis Holding US, Kuberan Ventures, Karimjee Group from Africa, Mission Vertical-US Based VC, Sanjeev Saraf (Polyplex) Family Office, Pravek Kalp Family Office, and other existing investors. Oben Electric plans to use the funds to expand its existing product offerings & distribution network to 100+ showrooms across 50 cities in India by FY26.
Shares of ONGC have increased by 22.4% in the last one year, however, have fallen by 8.1% and 8.5% in the last 6 months and 3 months respectively, according to the BSE Analytics.
As of 30-Sep-2024, promoters held 35.75 per cent stake in the company, while FIIs held 25.39 per cent and domestic institutional investors had 14.29 per cent.
The Nifty Pharma index was trading 0.82 per cent at 23261.90.
Quant Mutual Fund is nearing full deployment, believing the risk-off phase is ending. With macroeconomic and corporate earnings data largely factored in, the fund sees an opportunity for optimism in selective market segments. The fund expects a healthy pullback rally in January, advising investors to adopt a more constructive view and selectively build positions in segments with faster recovery potential.
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The Pentagon labelled Tencent a "Chinese military business," causing its US shares to drop nearly 10%. The designation, part of a broader list of 134 companies, warns US businesses about potential future Pentagon contract bans. Tencent denied military ties, while tensions between the US and China continue to escalate, with growing economic retaliation.
The strong growth story is there, inflation is somewhat stickier as well, and the Federal Reserve themselves are suggesting that with the fiscal policy side remaining very loose, monetary policy may need to be tighter to offset that support.
CLSA has upgraded ONGC to "High Conviction Overweight-PF," citing multiple production and realization triggers, alongside attractive valuations and a strong dividend yield.
The show was widely praised as one of the best Raw episodes ever, with great matches, star appearances, and high energy.
The International Longshoremen's Association wants to eliminate past labor contract concessions on automation - notably the use of semi-automated cranes that stack containers on docks - arguing they pose a threat to jobs.
Gold futures contracts saw minimal gains at MCX while silver remained mostly steady. Gold prices increased by Rs 350 over the past week, whereas silver prices dropped by Rs 3,000. Domestic and international markets reported high volatility. Central bank purchases and Chinese stimulus expectations are influencing market trends.
