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«Markets made a new all-time high for the sixth consecutive session supported by positive global cues and strong domestic flows. We expect the Nifty to continue its upwards journey, amid monthly derivative expiry on Thursday which may induce some volatility,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

The three main indexes were positioned for monthly gains after the Federal Reserve's rate cut on Sept. 18 bolstered hopes for a soft landing. However, a weak consumer sentiment report on Tuesday raised concerns about the health of the labor market.

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Sebi on Wednesday launched a dedicated Foreign Portfolio Investor (FPI) outreach cell to improve and simplify the experience of such investors accessing the Indian securities market. «This cell will focus on direct engagement with Foreign Portfolio Investors (FPIs), and supporting them in accessing the Indian securities market seamlessly,» the Securities and Exchange Board of India (Sebi) said in a statement. The cell operates under Sebi's Alternative Investment Fund and Foreign Portfolio Investors Department (AFD).

dollar hit a 14-month low against the euro on Wednesday as traders bet that the Federal Reserve will make another large rate cut at its November meeting on weakening labor optimism, while the yuan eased on growing doubts about the impact of a new round of Chinese stimulus. The greenback tumbled on Tuesday after data showed that U.S. consumer confidence dropped by the most in three years in September amid mounting fears over the labor market.

bank stocks, which have lost weight in the Nifty 50 index by 430 bps in over a year. Investment-oriented themes like cement and building materials have also gained meaningfully post Covid and are currently at their decadal high levels.

ADF Foods Ltd.(up 4.75%), JHS Svendgaard Laboratories Ltd.(up 4.29%), Mrs. Bectors Food Specialities Ltd.(up 1.09%), Prataap Snacks Ltd.(up 1.06%), Nakoda Group Of Industries Ltd.(up 1.03%), Patanjali Foods Ltd.(up 0.95%), Heritage Foods Ltd.(up 0.60%), Hindustan Foods Ltd.(up 0.57%), Honasa Consumer Ltd.(up 0.50%) and Bikaji Foods International Ltd.(up 0.09%) stood among the top gainers.

India Power Corporation Ltd.(up 9.96%), Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 4.79%), Hitachi Energy India Ltd.(up 4.28%), Power Grid Corporation of India Ltd.(up 3.92%), KEC International Ltd.(up 3.66%), CESC Ltd.(up 2.58%) and Power and Instrumentation(Gujarat)Ltd.(up 2.00%) stood among the top gainers.

Vishwaraj Sugar Industries Ltd.(up 7.06%), Ponni Sugars(Erode)Ltd.(up 3.98%), Dalmia Bharat Sugar and Industries Ltd.(up 3.68%), Shree Renuka Sugars Ltd.(up 2.84%), Dhampur Sugar Mills Ltd.(up 2.67%), Ugar Sugar Works Ltd.(up 1.94%), Dwarikesh Sugar Industries Ltd.(up 1.92%), Avadh Sugar & Energy Ltd.(up 1.15%), EID Parry(India)Ltd.(up 1.11%) and KM Sugar Mills Ltd.(up 1.06%) stood among the top gainers.

Shares of Axis Bank Ltd.(up 2.31 per cent), Federal Bank Ltd.(up 1.07 per cent), HDFC Bank Ltd.(up 0.63 per cent) and ICICI Bank Ltd.(up 0.4 per cent) ended the day as top gainers in the pack.

Sensex and Nifty closed at fresh record highs on Wednesday, driven by gains in banking and energy stocks. The 30-share BSE Sensex rose 256 points, or 0.30%, to settle at 85,169, while the broader NSE Nifty added 64 points, or 0.25%, to end at 26,004.

Waaree Energies, a leading manufacturer of solar photovoltaic (PV) modules in India, is set to launch its initial public offering (IPO) in October. The company received final regulatory approval from the Securities and Exchange Board of India (Sebi) on September 20, 2024, allowing it to proceed with its ambitious fundraising plans.

Aditya Birla Renewables Ltd (ABReL) has raised Rs 2,500 crore from markets through allotment of non-convertible debentures on a private placement basis. ABReL is a subsidiary of Aditya Birla group firm Grasim. The company allotted 2,50,000 unsecured, listed, rated, redeemable NCDs of face value of Rs 1 lakh each on September 24, 2024, Grasim Industries said in a filing.

«Today, you just present a good story, people are willing to buy. And some of the recent IPOs are doubling just the day after listing are adding to this frenzy. But it is the institutional segment, the merchant bankers who need to be disciplined, who need to not use everything as a revenue earning opportunity,» says Sunil Subramaniam, Market Expert. Am I right in saying when I say that right now merchant bankers who are taking some of the SME IPOs public, they are not doing their fiduciary duty. They are like the SEBI, whole-time director Mr Bhatia said that they are prescribing steroids when paracetamol can do the work? Sunil Subramaniam: I think absolutely because if you look at it, the situation is that you have a gullible investing public. You look at the stories around the F&O story, the margin trading story, the Demat account, people just buying stocks. So, there is what is called in Hindi, the hawa. So, in this place, all it needs is a good story for people to buy it. And it has gone to such an extent that I got a WhatsApp forward saying, somebody has got 10 tickets to the Coldplay concert and wants to launch an IPO. Fin influencers are also a part of this.

Shriram Finance has raised $500 million by selling a three-and-a-half-year fixed rate dollar bond at 6.15% to investors across the globe. Strong investor demand helped the company price the bond much lower than initial guidance of 6.50%. «We saw demand of more than $1.5 billion which helped squeeze the pricing at the lower end of the band ultimately. Shriram is a known name in the overseas market so it is possible that they will look at another issue soon,» said a person familiar with the transaction.

Varun Beverages Ltd. traded at Rs 635.5 on BSE at 12:53PM (IST) on Wednesday, down 1.77 per cent from previous close. The stock quoted a 52-week low price of Rs 331.28 and a high of Rs 682.84.

KRN Heat Exchanger which opened for subscription earlier today, sailed through on the first day of the bidding process. The issue has been subscribed 7.5 times so far, driven by strong demand from the non-institutional investors. As of noon, the issue was subscribed by 14.75 times by the NIIs while the retail category had subscribed the issue by 8.8 times. Meanwhile, the qualified institutional buyers (QIBs) attracted bids of 34,710 shares against the 31,07,455 reserved for them.

Canara Bank slipped 1.55 per cent to Rs 107.6 in Wednesday's trade as of 12:57PM (IST). It hit a high of Rs 109.35 and low of Rs 107.3 during the session. The stock quoted a 52-week high price of Rs 129.35 and a low of Rs 68.44. The return on equity for the stock stood at 18.4 per cent. About 635,148 shares have changed hands on the counter so far.

PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on Monday, September 30, 2024, inter-alia, to consider and approve the alteration in the share capital of the Company by sub-division / split of existing equity shares having face value of Rs.10/- each, fully paid-up, as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company,” said the company in a filing to the exchanges.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 1.26 per cent up in Wednesday's trade at 10:35AM (IST). Around 1,907 shares changed hands on the counter. The scrip opened at Rs 5370.25 and touched an intraday high and low of Rs 5449.6 and Rs 5354.1, respectively, in the session so far. The stock of <a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. quoted a 52-week high of Rs 5582.85 and a 52-week low of Rs 3300.0.