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Mahindra Lifespace Developers Ltd.(up 1.33 per cent), Godrej Properties Ltd.(up 1.06 per cent), DLF Ltd.(up 0.3 per cent) and Phoenix Mills Ltd.(up 0.2 per cent) were among the top gainers.

REC Ltd. gained 0.84 per cent to Rs 552.1 at 10:29AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 555.35 and low of Rs 545.85 so far during the session. The stock had closed at Rs 547.45 in the previous session. The counter has had a total traded volume of 109189 shares so far with a value of Rs 6.03 crore on the NSE. It traded at a price-to-earnings multiple of 9.93 and a price-to-book ratio of 1.73.

Dipan Mehta, Director, Elixir Equities, says Hyundai compares very well with Maruti. It may trade at a slight premium to Maruti also because of its product profile and the kind of distribution expansion opportunity which is there for the company and its superior EV strategy as well. If you are a long-term investor with a two, three, five-year view and prefer consumer-oriented stocks, then Hyundai fits that criteria. But, it is for the long haul and one should not expect a quick buck on listing. What are your thoughts on the Hyundai IPO? There was a steady response on day one. But it lacks that zing or that X factor that makes investors excited when it comes to the prospects on listing. Do you concur? Dipan Mehta: That is a good IPO to apply for and that’s how we are advising and a disclosure, we ourselves will be applying in the IPO. But you should not expect an amazing listing like what we have seen with other IPOs. It may be a more tepid listing because of its size and because of the sentiment in the auto industry as well. Even post-listing, you may have a situation where two-three quarters may be quite weak because we are seeing a transient slowdown in the auto sales and that may impact the profitability of all auto companies, Hyundai included.

Bombay Stock Exchange (BSE) fell by 6% to their day’s low of Rs 4,471 on NSE after the global brokerage firm Jefferies downgraded the stock’s rating to ‘underperform’ from an earlier ‘hold’ rating. However, despite a downgrade in the rating, the global brokerage firm has hiked the target price to Rs 3,500 from Rs 2,850 previously.

HDFC Asset Management Company Ltd. gained 3.43 per cent to Rs 4705.0 at 10:04AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 4783.75 and low of Rs 4563.05 so far during the session. The stock had closed at Rs 4548.65 in the previous session. The counter has had a total traded volume of 26118 shares so far with a value of Rs 12.36 crore on the NSE. It traded at a price-to-earnings multiple of 48.61 and a price-to-book ratio of 11.32.

Voltas Ltd. gained 3.43 per cent to Rs 1876.0 in Wednesday's trade as of 09:59AM (IST). It hit a high of Rs 1878.55 and low of Rs 1827.35 during the session. The stock quoted a 52-week high price of Rs 1946.2 and a low of Rs 806.9. The return on equity for the stock stood at 4.32 per cent. About 21,469 shares have changed hands on the counter so far.

private banks due to higher fees and lower provisions sequentially. The subdued numbers for the lenders will be driven by muted net interest income (NII) due to slowdown in loan growth. However, asset-quality metrics should be less worrisome, barring lenders exposed to the microfinance sector, analysts said.

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Bajaj Auto, Cochin Shipyard, LTTS, Central Bank of India, Rallis India among others will be in focus due to various news developments and second quarter results. Bajaj Auto, LTTS Shares of Bajaj Auto and LTTS will be in focus as the companies will announce their second quarter results today.

Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.

Sebi) has raised the position limit — restrictions put in place on the maximum holdings — for trading members in the equity derivatives segment. The overall position limits for client and proprietary trades, in index futures and options contracts will be set at ₹7,500 crore or 15% of the total open interest or outstanding positions in the market, Sebi said in a circular on Tuesday. This would come into effect immediately.

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US elections set to begin in a matter of days now, with the campaign having reached the last leg, Donald Trump and Kamala Harris, both would be looking at staying away from controversy as much as they can. However, it looks like trouble does seem to find them at odd times, and this time it is Harris at the receiving end.

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assembly constituencies in West Bengal will be going for by-polls on November 13 this year. These six constituencies, which will go to by-polls, are Sitai in Cooch Behar district, Madarihat in Alipurduar district, Naihati and Haroa in North 24 Parganas, Medinipur in West Midnapore district and Taldangra in Bankura district. All these six constituencies are going for by-polls as their former MLAs have fought Lok Sabha elections and got elected in 2024 general elections. Manoj Tigga, former BJP legislator from Madarihat, and chief whip of BJP’s legislative party in the West Bengal assembly, got elected as a Lok Sabha member from Alipurduar constituency, vacating his seat. Former Trinamool Congress legislator from Sitai Jagadish Chandra Barma Basunia is currently the party’s Lok Sabha member from Cooch Behar constituency and thus the seat went vacant. Former Trinamool legislator from Naihati Partha Bhowmik got elected as Lok Sabha member from Barrackpore.

equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 100 crore through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement. «The proceeds of the equity issue will be utilized for the repayment of debt,» the company said.

Shares of Garuda Construction and Engineering Ltd on Tuesday jumped over 12 per cent in market debut trade against the issue price of Rs 95. The stock listed at Rs 103.20, registering a jump of 8.63 per cent from the issue price on the BSE. During the day, it surged 27.08 per cent to Rs 120.73. Shares of the firm ended at Rs 106.83, rising 12.45 per cent. At the NSE, shares of the firm made the debut at Rs 105, up 10.52 per cent. The stock soared 27.35 per cent to Rs 120.99 during the day. It later ended at Rs 105.

Delhi water supply cut: Residents in parts of Delhi’s Outer North district will face an 18-hour water supply disruption starting from 10 am on Wednesday, due to maintenance work, as announced by the Delhi Jal Board (DJB), according to a PTI report.

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Cochin Shipyard via an offer for sale (OFS) and has set a floor price of Rs 1,540 per share. The two-day issue will open on Wednesday for non-retail investors. The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%.