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- Small-cap stocks experienced a decline in their value.
- The PSU bank and media sectors saw the most significant decreases, while the Auto and realty sectors showed the most growth.
- Across Asia, all stock markets closed in the red today.
Top Gainers in NIFTY 50:
- Tata Motors increased by 4.73% to reach Rs 667.10.
- IndusInd Bank rose by 2.77% to Rs 1,463.70.
- HCL Tech gained 2.63% at Rs 1,255.90.
- Tata Consumer saw a 2.35% increase to Rs 913.35.
- Nestle’s stock price went up by 2.08% to Rs 23,554.35.
Top Losers in NIFTY 50:
- Axis Bank’s stock price decreased by 2.40% to reach Rs 994.05.
- Infosys experienced a 2.34% decline, with a stock price of Rs 1,431.15.
- Adani Enterprises fell by 2.07% to Rs 2,454.55.
- SBI’s stock value decreased by 1.69% to reach Rs 576.15.
- Wipro’s stock price dropped by 1.45% to Rs 411.05.
Additional Economic News:
- India’s trade deficit reached a 5-month low at $19.37 billion in September.
- India’s palm oil imports rose by 29% year-on-year, reaching 90.80 lakh tonnes in the period from November 2022 to September 2023.
- Foreign exchange reserves decreased by $2.166 billion to $584.742 billion for the week ending October 6, as reported by the RBI.
- Trade Secretary Sunil Barthwal confirmed no plans to impose restrictions on laptop imports in India.
- The International Olympic Committee has approved the inclusion of cricket in the 2028 Los Angeles Olympics Games.
Stocks in the Headlines:
- Bajaj Finance faced a penalty of Rs 8.50 lakh imposed by the RBI for rule violations.
- Zydus is recalling over 7,000 bottles of Oxybutynin Chloride tablets in the U.S. due to manufacturing issues.
- Ashok Leyland secured an order to supply 1,666 buses to Tamil Nadu State Transport Undertakings.
- Vedanta established a wholly-owned subsidiary for its iron and steel business.
One-Day Price Changes:
- Gold increased by 0.94% to reach ₹58,748.
- Silver saw a 1.05% rise, reaching ₹70,563.
- The exchange rate for USD-INR increased by 0.02% to ₹83.26 per USD.
- Dow Jones in the U.S. experienced a 0.51% decrease, with a value of 33,631.14.
- Nasdaq, another U.S. index, saw a 0.63% decrease, with a value of 13,574.22.
Long-Term Returns (Past 20 years):
- Sensex in India had an annual return rate of 13.96%.
- Nifty in India had an annual return rate of 13.58%.
- Dow Jones in the U.S. showed an annual return rate of 6.37%.
- Nasdaq in the U.S. demonstrated an annual return rate of 10.28%.
