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Nifty View:
SGX Nifty indicates a gap-up opening for Nifty.
Global Markets showed a beautiful recovery from Loss.
Expect Nifty to be volatile in the later session because of RBI Policy on Friday.
42 of Nifty 50 stocks had closed in Red last day. Foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net Sellers worth Rs 802 and 998 crores respectively.
Key support to Nifty is placed at 17,580 followed by 17,460. Important resistance at 17,880 followed by 17,950.
Stock In News:
Titan: Strong Demand Recovery
Jewellery up 78% YoY, 13 New Stores In
Jewellery Witnessed Strong Comeback
Watches Biz up 73% YoY, Eyewear Biz up 74%
Thangamayil Jewellery Ltd to open new branch at Nagercoil - Kanyakumari District
Telecom stocks: The government has reduced bank guarantee requirements for telecom operators by 80%.
Creditaccess Grameen: Disbursements Up 124.1% (Yoy) In Sept Collection Efficiency For Sept At 93.3%
Ambuja Cements: LIC acquired 3.99 crore equity shares in the company via open market transactions, increasing shareholding to 6.12% from 4.11% earlier.
RVNL: Entered Into MOU On Oct. 5 With Braithwaite & Aim Of Consortium Will Be To Generate At Least 10,00cr Business Per Year
Sobha: Achieved Best-Ever Quarterly Sales Volume Of 1.3m Square Feet Of Super Built-Up Area Valued At 10,030Cr Rupees
LODHA: Q2 Pre-Sales 20.03b Rupees, Up 88% (YoY) || Q2 Collections 19.12b Rupees, Up 73% (YoY)
NIIT: U.S.-based Sutherland, a leading global digital transformation company, and StackRoute, an NIIT Venture, have entered into a partnership to launch an immersive training program designed to identify the right talent and develop them as high-quality full stack IT professionals, handling critical roles at Sutherland.
Nazara Technologies Approved Issuance Of Shares To Gamnat Pte Ltd. And Plutus Wealth Management Issuance Aggregating To 315Cr
Also Board Approves Acquisition Of 76.7% Stake In Oneplay Tech For Rs 143 Cr; To Issue Up To 6.5 Lk Shares At Rs 2,206/Sh To Shareholder Of Oneplay Tech For 76.7% Stake
Lupin: Receives Tentative Approval From U.S. FDA For Brexpiprazole Tablets
PNB Housing Finance: The company has collaborated with CSC e-Governance Services India to provide last‐mile home loan facilities to individuals living in tier 2 and 3 cities.
Trigyn Tech: Co Says Income Tax Authorities Have Issued Notice Of Demand On The Co; Total Amount Demanded From The Co Under The Notice Is Rupees 350cr
Balaji Amines: Incident At Demethyl formamide Plant Due To Which Leakages/Breakdown Taken Place
Ratings Upgrade:
Srikalahasthi Pipes Ltd India Ratings & Research (Ind-Ra) has revised the rating of the bank
Gail: Says Moody's Has Affirmed The Ratings Of Co With Revised Outlook From Baa3 With Negative Outlook To Baa3 Stable Outlook
Power Grid rating outlook has been changed to stable from negative by Moody's Investor Service (Moody's)
Credit access Grameen: Says Disbursements Up 124.1% (Yoy) Collection Efficiency For Sept At 93.3%
Power Grid Corp: Rating Assigned To The Company Has Been Affirmed At Baa3 And The Rating Outlook Has Been Changed To Stable From Negative By Moody's Investor Service (Moody's)
Axis Bank: Says Moody's Has Affirmed The Long-Term Local And Foreign Current Deposit Ratings Of Co At Baa3; Rating Outlook Has Been Changed To Stable From Negative
PNB: Says Moody's Investors Service Has Revised The Co's Rating Outlook From 'Negative' To 'Stable'
ONGC: Says Moody's Investors Service Has Upgraded Co's Rating Outlook To Stable From Negative
JK Lakshmi Cement: CRISIL Has Revised/Assigned Aa Rating
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