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India Power Corporation Ltd.(up 9.08%), Reliance Power Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.30%), Power Grid Corporation of India Ltd.(up 4.22%), Hitachi Energy India Ltd.(up 2.87%), KEC International Ltd.(up 2.05%), Gujarat Industries Power Company Ltd.(up 1.64%) and CESC Ltd.(up 1.59%) were among the top gainers.

Lupin Ltd. gained 0.37 per cent to Rs 2222.5 in Wednesday's trade as of 10:29AM (IST). The stock hit a high price of Rs 2229.0 and low of Rs 2213.75 during the session.

«So, assuming 70% market share for IEX, which is currently at 84%, I think EPS downgrade could be 20% based on FY27 estimates. And assuming 60% kind of market share for IEX, then EPS downgrade could be around 30% for FY27,» says Rupesh D Sankhe, Elara Capital. The market coupling, that is surely going to challenge IEX's market dominance. I mean, it currently holds about that 84% lion's share of the power trading business. Back of the envelope calculations, what is the kind of dent that IEX is likely to see if and when this is going to be put in place? Rupesh D Sankhe: See, definitely, the market coupling is negative for IEX because as of now, there are two key products which are there, like Day Ahead Market and RTA where IEX is enjoying close to 97% market share. This product is not still available with a new exchange like HPX. The product which is there like a Term Ahead Market where market share of IEX is 60%. So, we can expect once market coupling gets implemented, this product will get launched, DAM and RTA and definitely the market share could come down to 60-70% also.

20 Microns Ltd.(up 3.40%), The Orissa Minerals Development Company Ltd.(up 2.30%), Lexus Granito(India)Ltd.(up 2.26%), NMDC Ltd.(up 2.00%), MOIL Ltd.(up 1.63%), Madhav Marbles & Granites Ltd.(up 0.95%), KIOCL Ltd.(up 0.30%), Gujarat Mineral Development Corporation Ltd.(up 0.29%), Ashapura Minechem Ltd.(up 0.25%) and Sandur Manganese & Iron Ores Ltd.(up 0.10%) were among the top gainers.

Subscribe to enjoy similar stories. If I had got even ₹10 for each time I was asked a version of this question, I could have a few lakhs on this account alone! And the question is: What’s the next HDFC Bank or Amazon that we can buy and forget for 25 years? Or can you tell me one stock I can buy for my infant daughter or son so that they have a huge corpus when they grow up? First the back story. First Global had a ‘Strong Buy’ on Amazon at a price of $15 (split-adjusted $0.75) back in 2001, post the tech crash.

The Aussie peaked at $0.6907 in the early Asian session, its highest since February 2023, while the kiwi rose to a nine-month top of $0.6353, with both currencies extending their rallies from the previous session.

«It is important to preserve what we have made. Last two-three years the returns have been very-very good. So, maybe a little more prudent and balanced approach will ensure that we preserve these returns,» says Gurmeet Chadha, Complete Circle Consultants. Not pure play commodities, but commodity stocks definitely, and in particular metals after China talking about a slew of measures and a fair amount of rate cuts as well coming in in the remainder part of the year too, that sort of instilled a sentimental move on metals. But would you look at it from an investment point of view? Gurmeet Chadha: We got to be more tactical when it comes to metals and commodities. They have announced a host of measures which clearly tells you that now they have to resort to more stimulus to revive the economy. And also, traditionally, if you see a weak dollar in the rate cuts, I am not saying weak in like absolute sense, but a relatively weaker dollar is always positive for commodities.

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market. Brent crude futures gained 3 cents at $75.20 a barrel by 0004 GMT. U.S. West Texas Intermediate crude lost 2 cents at $71.58 per barrel.

Gold prices were steady near record highs on Wednesday, as a weaker dollar and an escalated conflict in the Middle East lifted bullion's safe-haven appeal, while investors braced themselves for new signals on the U.S. interest rate trajectory. FUNDAMENTALS

Sensex rising above 85,000 and Nifty breaking 26,000 on Tuesday. Nifty made a new all-time high for the fifth consecutive session amid continued buying in index heavyweights. «Nifty crossed 1000 points in 38 trading sessions supported by positive domestic cues, healthy FIIs, and the start of the rate cut cycle by the US Fed. We expect the ongoing momentum to continue in the market with sectorial rotation. Investors would watch out for US Consumer Confidence data,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

market regulator for its proposed $1.25-billion public issue, investment banking sources told ET, reflecting the growing appetite for new-age investment choices in a country witnessing an unprecedented consumer boom. The Bengaluru-based company had filed draft papers for the IPO with the Securities and Exchange Board of India (Sebi) through the confidential filing route in April this year.

Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two sessions. The Golden Dragon index of US-listed Chinese companies rallied 9.1% in New York trading on Tuesday. The moves follow the best day since 2020 for a gauge of mainland equities after China unveiled a sweeping stimulus package to support the economy and financial markets.

stock indices hit all-time intraday highs on Tuesday, with the Nifty briefly crossing 26,000 and the Sensex breaching the 85,000 mark for the first time in a choppy trading session. The bullish momentum in the market may resume if the Nifty closes above 26,000 though there are concerns that equities may be overbought after the recent surge. The NSE Nifty ended flat at 25,940.4, after touching 26,011.55. The BSE Sensex went to 85,163.23, before closing at 84,914, almost unchanged.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal includes acquisition of 80.74 per cent, 8.47 per cent and 10.79 per cent of the issued and paid-up share capital of Home Credit by each of TVS Holdings Ltd (TVSH), STPL Trading and Services Pvt Ltd (STPL), and PI Opportunities Fund-II (PIOF), respectively. The regulator also granted its nod for the acquisition of 2.6 per cent, 4.3 per cent, 2.7 per cent, and 90.4 per cent of the equity share capital of STPL by K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWCF, respectively.

Multi Commodity Exchange of India (MCX) has revised transaction fees on futures and contracts effective from October 1, 2024. For futures contracts, the transaction fee will be Rs 2.10 per lakh of turnover value while for options contract, it will be Rs 41.80 per lakh of premium turnover value, MCX said in a circular issued on Tuesday.

shares in Exxaro Tiles Limited through its European subsidiary BofA Securities Europe SA on Tuesday at a price of Rs 6.4 crore via block deal. The price it paid for each share of this smallcap counter was Rs 96.22. The stock today ended at Rs 95.90 on the NSE, gaining by Rs 15.51 or 19.29% over the Monday closing price of Rs 80.39.

equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction. Cartrade Tech is one of India's largest online classifieds and auto auction platforms. According to the bulk deal data available on the NSE, Highdell Investment sold 40.76 lakh shares, amounting to an 8.64 per cent stake in Cartrade Tech.

From power-packed appliances to cutting-edge accessories, Amazon’s annual event celebrates freedom with a flurry of deals that cater to tech enthusiasts and savvy shoppers alike. In this article, we unveil the top offers and help you find the best value on your favorite electronics in this Amazon Sale today. Shoppers with SBI credit or debit cards are in for an extra treat—an instant 10% discount awaits, adding even more savings to your festive shopping spree (T&C apply). Whether you're eyeing the latest accessories or speakers and power banks, these offers bring top-tier smartphones within easy reach, making this Amazon upcoming Sale the perfect time to upgrade your tech without breaking the bank.

In the open interest (OI) data, the highest OI on the call side was observed at 26,000 and 26,200 strike prices, while on the put side, the highest OI was at 25,900 strike price followed by 25,800.