Stock Market Daily Updates

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stock market
stock market
Stock market Daily Updates


Mid-cap and Small-cap Stocks Shine in Today’s Market

In a bustling day for the stock market, mid-cap and small-cap stocks emerged as the stars of the show. Investors witnessed a day of green across the board, with all sectors, except IT, registering gains. Notably, pharma, healthcare, and media stocks took the lead as the top performers.

Asian Markets Echo Positivity

The positive sentiment was not limited to India alone. Across Asia, markets surged, with all major Asian markets, except Japan, closing in the green as well. This synchronized rise reflects a broader regional optimism that seems to be driving markets forward.

Top Gainers Steal the Limelight In Stock Market

stock market

Taking a closer look at the top gainers of the day, we see some impressive performances:

  1. Hindalco (Rs 492.65) – Up by a substantial 5.53%
  2. NTPC (Rs 245.55) – Surged by 3.59%
  3. Hero Moto (Rs 3,057.25) – Showing strength with a 2.94% gain
  4. Dr. Reddy’s (Rs 5,587.00) – Not far behind at 2.91%
  5. Divi’s Labs (Rs 3,765.15) – Closing the day with a 2.73% rise

Top Losers In Stock Market

Stock market

While the day mostly favored gains, there were a few stocks that didn’t ride the wave:

  1. Adani Enterprises (Rs 2,413.90) – Down by 2.48%
  2. LTIMindtree (Rs 5,209.85) – A slight dip of 1.05%
  3. HCL Tech (Rs 1,234.80) – Marginally down by 0.57%
  4. Tech Mahindra (Rs 1,222.80) – A minor dip of 0.54%
  5. Power Grid (Rs 199.75) – Slightly down by 0.50%

Economic Highlights

In economic news, the government’s fiscal deficit for April to August 2023 stood at Rs 6.43 lakh crore, compared to Rs 6.06 lakh crore for the April to July period. This data provides a snapshot of the country’s financial health.

India’s higher education institutions also had a reason to celebrate. The nation secured the 4th highest representation in the 2024 edition of the Times Higher Education World University Rankings, surpassing China. This recognition highlights India’s growing influence in the global education arena.

The Finance Ministry has made a significant decision to maintain interest rates for small savings schemes unchanged for the upcoming October to December quarter. This stability could provide a sense of security for investors in these schemes.

Stocks in the Spotlight

Several companies made headlines today:

  1. South Indian Bank: The board approved the appointment of PR Seshadri as MD and CEO.
  2. NLC India: Plans to establish three 800 MW power plants in Odisha.
  3. Sterling and Wilson: Secured an order valued at Rs 1,535 crore from NTPC.
  4. Ashok Leyland: Received an order for 1,282 fully-assembled buses from Gujarat State Road Transport Corporation.
  5. L&T: Won an order for the design and construction of an underground road tunnel in Mumbai.
  6. Federal Bank: RBI granted permission to the International Finance Corporation (IFC) to acquire a 9.7% stake in Federal Bank.

Also Read Stock market Daily updates News

IPO Buzz

In the world of Initial Public Offerings (IPOs), two companies are making waves:

  1. Valiant Laboratories IPO: Subscribed 2.19 times, with retail investors showing strong interest. The IPO remains open for subscription until October 3rd.
  2. Plaza Wires IPO: Seeing a robust subscription of 4.71 times, with retail investors subscribing a staggering 26.70 times. Investors have until October 5th to get in on the action.

Market Watch

Here’s a quick look at the changes in various markets:

  • Gold (₹58,054) – Experienced a slight decline of 0.37%
  • Silver (₹70,027) – Shone brightly with a 1.64% increase
  • USD-INR (₹83.08/USD) – Saw a minor drop of 0.14%
  • Dow Jones (33,666.34) – Rallied with a 0.35% gain
  • Nasdaq (13,201.28) – Ended on a high note, up by 0.83%

Long-Term Returns

Stock market

For investors with a long-term perspective, here are the past 20 years’ returns:

  • Sensex (▲ 14.48% p.a.): A steady performer in the Indian market.
  • Nifty (▲ 14.12% p.a.): Continuing its impressive run.
  • Dow Jones (▲ 6.60% p.a.): Offering stable returns in the U.S. market.
  • Nasdaq (▲ 10.41% p.a.): Showing strong growth potential in the tech sector.

it was a day of positivity in the stock market, with mid-cap and small-cap stocks leading the charge. As investors keep an eye on both domestic and global developments, the market’s resilience remains a key point of interest for traders and enthusiasts alike. Stay tuned for more updates as the financial world continues to evolve.

14 thoughts on “Stock Market Daily Updates”

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