Stock Market Daily Updates

In the Indian stock market today, midcap stocks saw the most significant rise, while Nifty 100 and Nifty Next 50 stocks experienced a decline. Among the sectors, realty and financial services emerged as the top gainers, while the IT and media sectors were the top losers.

Asian markets showed mixed results, with China and Hong Kong closing in the red, while Japan and Taiwan saw gains.

Stock market Top gainers in NIFTY 50 included:

Bajaj Finance, trading at Rs 7,819.85 with a rise of 4.66%.
Tata Consumer, trading at Rs 900.60 with a rise of 2.60%.
Bajaj Finserv, trading at Rs 1,577.40 with a rise of 2.18%.
Apollo Hospitals, trading at Rs 5,097.05 with a rise of 2.15%.
Coal India, trading at Rs 288.05 with a rise of 1.66%.

Stock market Top losers in NIFTY 50 included:

Hindalco, trading at Rs 469.35 with a decline of 1.98%.
SBI Life, trading at Rs 1,294.15 with a decline of 1.87%.
Hero Moto, trading at Rs 2,974.70 with a decline of 1.59%.
Infosys, trading at Rs 1,474.15 with a decline of 1.47%.
Dr. Reddy’s, trading at Rs 5,438.75 with a decline of 1.42%.

S&P has maintained India’s GDP forecast for the current financial year at 6%. They mentioned that the slowing global economy, unusual monsoons, and the delayed impact of rate hikes could potentially affect growth.

The Indian government has decided to postpone laptop import restrictions by approximately 1 year.

In August 2023, 412 infrastructure projects in India, each with a budget exceeding Rs 150 crore, exceeded their budget by Rs 4.77 lakh crore. Out of these, 830 projects out of 1,762 faced delays, according to the Ministry of Statistics.

Stocks in the News:

Indian Oil: Launched India’s first green hydrogen-powered bus that emits only water.
Aditya Birla Capital: The subsidiary Aditya Birla Finance is planning to raise up to Rs 2,000 crore.
Godrej Properties: Sold about 670 flats worth more than Rs 2000 crore in its new housing project in Noida.
Shree Renuka Sugar: Entered into an agreement for 100% acquisition of the equity shares of Anamika Sugar Mills for Rs 235.5 crore.
L&T: A Rs 10,000 crore buyback was oversubscribed on the last day, led by qualified institutional buyers.
Delta Corp: Received a tax notice totaling Rs 16,822 crore from the Directorate General of GST Intelligence.
Strides Pharma: The board approved a scheme of arrangement among Strides Pharma Science, Steriscience Specialties, and Stelis Biopharma.

IPO Corner:

Manoj Vaibhav Gems N Jewellers IPO has been subscribed 0.58 times, with retail investors subscribing 0.73 times. It remains open until 26th September.
Updater Services Limited IPO has been subscribed 0.06 times, with retail investors subscribing 0.30 times. It remains open until 27th September.
JSW Infra IPO has been subscribed 0.43 times, with retail investors subscribing 1.38 times. It remains open until 27th September.
Upcoming IPOs:
- Plaza Wires IPO opens on 29th September and closes on 4th October, with an issue size of Rs 71.28 crore.
- Valiant Labs IPO opens on 27th September and closes on 3rd October, with an issue size of Rs 152.46 crore.

Word of the Day:

Gilt Funds: Gilt funds are debt funds that primarily invest in bonds and fixed-interest investments issued by central and state governments. They typically allocate at least 80% of their holdings to government securities with fixed interest rates. It’s important to note that gilt funds can be influenced by changes in interest rates.

Question: How can you determine the total number of shares a company has in the market, such as Tata Motors?

Answer: The total number of shares a company has in the market is referred to as “shares outstanding.” You can find this information in the company’s balance sheet, which is a reliable source. To calculate it, you add up the shares held by individual investors, institutional investors (such as banks and mutual funds), and company insiders (such as executives). This sum represents the total shares outstanding. You can also search online for the specific company’s outstanding shares, as this information may change over time due to the creation or repurchase of shares.

stock market 1-Day Change:

Gold: ₹58,910, up by 0.03%.
Silver: ₹73,290, down by 0.24%.
USD-INR Exchange Rate: ₹83.13/USD, up by 0.20%.
Dow Jones: 33,963.84, down by 0.31%.
Nasdaq: 13,211.81, down by 0.09%.

Long-Term Returns (Past 20 Years):

Sensex (India): Increased by 14.64% annually.
Nifty (India): Increased by 14.30% annually.
Dow Jones (USA): Increased by 6.62% annually.
Nasdaq (USA): Increased by 10.35% annually.

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