Stock Market Daily Updates

In today’s stock market, micro-cap and small-cap stocks took the lead with significant gains. However, the broader indices, Nifty 50 and Nifty 100, closed in the red. Here’s a breakdown of today’s market performance:

Sector Highlights: In Stock Market

The media and oil & gas sectors were the top performers, showing positive movements.
Conversely, the IT and realty sectors experienced declines in their stock prices.

Global Markets:

Interestingly, all other Asian markets closed in the green, indicating positive sentiment in the region.

Top Gainers in Nifty 50:

BPCL, with a stock price of Rs 348.70, gained 1.80%.
Coal India saw an increase of 1.77% at Rs 307.20.
Maruti Suzuki’s stock price rose to Rs 10,580.90, up by 1.62%.
NTPC gained 1.21% at a stock price of Rs 241.60.
Power Grid’s stock price increased by 1.13% to Rs 200.75.

Top Losers in Nifty 50:

Tech Mahindra experienced the most significant decline, down by 2.67% with a stock price of Rs 1,198.75.
Apollo Hospitals and Infosys both saw declines of 1.94% and 1.93%, respectively.
TCS’s stock price fell by 1.87% to Rs 3,542.55.
HCL Tech also saw a decline, down 1.75% at a stock price of Rs 1,223.75.

Economic Updates:

India’s retail inflation (CPI) stood at a 3-month low of 5.02% in September, which may have positive implications for the economy.
India’s Industrial output (Index of Industrial Production) experienced a robust growth of 10.3% in August, the highest since June 2022.
MTR Foods has undergone a name change and is now known as Orkla India.
The inauguration of RapidX, India’s first rapid rail train, is expected next week, marking a significant development in the country’s transportation sector.
The first half of the ongoing financial year witnessed a remarkable 65.66% year-on-year increase in the sales of 3-wheelers, totaling 5.33 lakh units, as reported by FADA.
The Indian government is testing a disaster alert notification system, which will be sent to phones and broadcast devices, enhancing public safety.

Stock Market’s Stocks in the News:

IRCON International and RITES have been granted the prestigious ‘Navratna’ status by the Government of India, recognizing their contributions to the infrastructure sector.
Adani Enterprises successfully raised Rs 700 crore through non-convertible debentures, strengthening its financial position.
Tata Motors’ subsidiary, Jaguar Land Rover (JLR) India, achieved its highest-ever sales with 1,194 vehicles sold between April and September.

IPO Corner:

Plaza Wires made its listing with a substantial 56% premium over its issue price, which is indicative of strong investor interest.

Stock Market Indices:

1 Day Change

Gold: ₹58,197 (▲ 0.50%)

Silver: ₹69,825 (▲ 0.53%)

USD-INR: ₹83.25/USD (▲ 0.05%)

Dow Jones: 33,804.87 (▲ 0.19%)

Nasdaq: 13,659.68 (▲ 0.71%)

Long-Term Returns:

Sensex: ▲ 13.97% per annum
Nifty: ▲ 13.59% per annum
Dow Jones: ▲ 6.40% per annum
Nasdaq: ▲ 10.26% per annum

Today’s stock market presented a mix of gains and losses across various sectors, reflecting the dynamic nature of financial markets. Investors will continue to monitor these developments as they make investment decisions in the coming days.

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