In the stock market today, mid-cap and Nifty Next 50 stocks saw the biggest drop. On the sector front, PSU banks, realty, and media sectors also faced significant declines, while FMCG and IT sectors ended the day with gains.
The Reserve Bank of India (RBI) has begun its 3-day Monetary Policy Committee meeting. During this meeting, the central bank will decide whether to raise interest rates among other important matters.
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Here are the top gainers for the day in Stock Market Share
- NIFTY 50
- Adani Enterprises at Rs 2,464.95, up by 3.25%
- Nestle at Rs 22,986.20, up by 3.01%
- HUL at Rs 2,507.85, up by 1.58%
- Eicher Motors at Rs 3,400.90, up by 1.48%
- HDFC Bank at Rs 1,529.55, up by 1.43%
Stock Market top losers:
- NIFTY 50
- Axis Bank at Rs 995.55, down by 4.37%
- SBI at Rs 586.25, down by 2.77%
- NTPC at Rs 235.15, down by 2.51%
- IndusInd Bank at Rs 1,401.30, down by 2.38%
- UltraTech at Rs 8,120.85, down by 2.22%
In other news, housing sales in 8 major Indian cities have increased by 12% year-on-year in July-Sept, reaching a 6-year high quarterly sales value, as reported by Knight Frank.
The Indian government has raised the subsidy for Ujjwala Scheme beneficiaries from Rs 200 per cylinder to Rs 300 per cylinder.
NPCI will enter into an agreement with Al Etihad Payments in Abu Dhabi to facilitate cross-border transactions.
Audi has seen an 88% year-on-year increase in retail sales, with 5,530 units sold in the Jan-Sept period in India.
IDFC First Bank has launched its qualified institutional placement at a floor price of Rs 94.95 per share.
ICICI Bank has raised Rs 4,000 crore by issuing long-term bonds.
Nestle India’s board of directors will consider the split of its equity shares on 19th Oct.
Bajaj Finserv’s subsidiary, Bajaj Allianz General Insurance Company, has received a show cause notice of Rs 1,010 crore on 3rd Oct.
In the IPO corner, Plaza Wires IPO has been subscribed 62.62 times, with retail investors showing strong interest. It’s open for subscription until 5th Oct.
Updater Services IPO has been listed at Rs 285, which is 5% lower than its issue price.
Looking ahead, three companies – Indo Farm Equipment, Vibhor Steel Tubes, and Saraswati Saree Depot – have applied to SEBI for their IPO.
And here are the 1-day changes in some key market indicators:
- Gold is at ₹56,910, down by 0.03%.
- Silver is at ₹67,640, up by 0.76%.
- USD-INR exchange rate is at ₹83.25/USD, up by 0.04%.
- Dow Jones is at 33,002.38, down by 1.29%.
- Nasdaq is at 13,059.47, down by 1.87%.
In terms of long-term returns, over the past 20 years:
- Sensex has shown an annual growth of 14.14%.
- Nifty has shown an annual growth of 13.75%.
- Dow Jones has shown an annual growth of 6.38%.
- Nasdaq has shown an annual growth of 10.17%.