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₹4,030 against the previous close of ₹4,361.75 and plunged 14.51 per cent to the one-year low level of ₹3,729. In a BSE filing post-market hour on Thursday (September 28), the company said Radhesh R. Welling had tendered his resignation as the managing director and a director on the board of the company for personal reasons.

Ajay Bagga, market expert, says “PSU banks are still looking quite good. Talking about valuations, I would say India is quite moderately valued. The problem is the global macro. These higher for longer riskoff is affecting us. We have seen about six-seven weeks of FII outflows on a net basis. So that is a problem. It is a constraint on our market's ability to rise fast. But the domestic funds that are coming in, are providing a good support and those should win through.” Are you optimistic about the October series looking at the moving pieces? We are waiting for a couple of events to pass through. One is, of course, the looming US shutdown. Historically, it has not had much of an impact but the reports are that this could last for anything like a couple of weeks to four weeks. In 2018-2019, it went on for six weeks and it had a minor impact on the GDP. So let us get that through, especially given Monday is a holiday in India, we can wait that out. The other two concerns are: a)Chinese property loans that are standing at about 60 trillion Yuan. It is not a new problem, it is a three years old problem but the Chinese government has not been able to resolve it and now the position is that even quality real estate developers like Country Garden are facing a lot of issues of liquidity. So eventually the rescue package will come from the Chinese government which will be a trigger for the markets so you can position for that.

UltraTech Cement and Ambuja. Jefferies maintained a buy rating on L&T and CLSA recommended a Sell on Maruti Suzuki. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Cement: UltraTech Cement and Ambuja Cements Macquarie maintained an outperform rating on UltraTech Cement but raised the target price to Rs 9250 from Rs 9087. The global brokerage firm recommends outperform rating on Ambuja Cements but slashed the target price to Rs 480 from Rs 506 earlier. Macquarie maintained a neutral rating on Shree Cement but slashed the target price to Rs 25,149 from Rs 25,236 earlier. The global investment bank remained neutral on ACC but raised the target to Rs 2128 from Rs 1998 earlier.

ITR) if the income tax department has sent a tax notice under Section 245 of the Income Tax Act, 1961. This tax notice is sent to inform the individuals that the income tax department will not credit the tax refund amount (either fully or partially) and that it will set it off against the pending income tax liability from past years.

GAIL (India) Ltd. gained 1.72 per cent to Rs 123.6 in Friday's trade as of 10:20AM (IST). The stock hit a high price of Rs 123.9 and low of Rs 122.35 during the session.

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India VIX was up by 10.73% from 11.58 to 12.82 levels on Thursday. Volatility spiked and touched 13 zones after four months and paved the way for the bears in the market. Since it is the beginning of the new series, options data is scattered at various far strikes in the monthly series.

quarter which brought back inflation concerns on Dalal Street did weigh on the performance of benchmark indices and its constituents, as less than 10 stocks that are part of the Nifty 50 have given double-digit returns in this period. The Nifty 50 net gained about 2% in the current quarter, compared to the 10% gains it clocked in the June quarter. Nine of its 50 constituents gave 10-26% returns in the September quarter.

Market expert Dilip Bhat says he would still feel that one need not be in a hurry to buy, one can wait and watch and get stocks lower and if not downwards, at least sideways. Markets are good and even at the current level index-wise, much ahead of the implicit fundamentals. Bhat says: «Whether it is midcap, whether it is frontline, all stocks have rallied significantly well. Maybe a few here and there have corrected but by and large, I think they are still trading in an overpriced zone.» It looks like the era of double-digit growth is going to take time to come back for the IT companies. In IT companies, we have seen a lot of things happening, a lot of events that have taken place and in a sense, it is changing the picture a lot more than what we earlier thought. It is a lot more dynamic, earlier we all were so bullish about digital, the cloud and all those things. While those things still continue to be on the radar, AI has taken the front seat at the moment and possibly that also is going to change a lot of things, especially in terms of how IT is going to address these particular issues especially on the headcounts. So, taking all these factors into account, although none of the IT companies have given any great guidance, my own sense is that a lot of it has been reflected in the prices. So, I do not think there is going to be any negative surprise there for IT.

Sensex and Nifty fell by nearly 1% on Thursday due to unabated foreign capital outflows amid a largely negative trend in global markets. Stocks that were in focus included names like ICICI Bank, which fell 0.037%, Adani Power, which declined 0.37%, and RIL, whose shares dropped 1.26% on Thursday. Here's what Avdhut Bagkar, Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today. ICICI Bank — Cautious Following a breakdown below the 50-simple moving average (SMA) set at 969, the price action has accelerated weakness on the downside bias. The next support exists at 910, it's 200-SMA. The current sentiment is vulnerable to more bearishness.

Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday Fed rate rises have slowed the housing sector. When it comes to Fed policy actions, «I do believe that's lowered demand,» the official said in remarks given before the Money Marketeers of New York University. But he added a shift to work from home arrangements was helping to underpin the housing market, even as mortgage rates have moved much higher.

Multi Commodity Exchange of India (MCX) on Friday said the country's markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.

boards of India Inc, it is still age and experience that rules the roost. The average age of boards is 58.67 years — falling marginally from 59.56 years over the last decade — at NSE-listed companies. This indicates that while there has been some infusion of younger blood, boards are still largely grey. Data compiled for ET by primeinfobase.com showed, however, that the number of younger directors has been rising steadily. As of the start of September, 13.89% directors were below the age of 45 (2,340 of total 16,837) across 2,107 NSE-listed companies. This compares to 10.72% (or 1,249 of 11,643 directors) across 1,481 companies as of March 31, 2014.

Also Read: 10 things that changed for the stock market overnight - Gift Nifty, US GDP to Accenture’s muted earnings forecast Here’s what to expect from Nifty and Bank Nifty today: The Nifty corrected sharply and was unable to maintain levels above 19,750. “On the daily timeframe, the most recent candle has engulfed the bodies of the preceding few days' candles, which suggests a negative sentiment. The prevailing sentiment continues to favor selling during rallies," said Rupak De, Senior Technical analyst at LKP Securities.

FTSE Russell kept India on a watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), the index provider said on Friday. «Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review,» FTSE said in its annual country classification review. The move comes a week after JPMorgan announced India will be a part of its influential GBI-EM index suite starting in June.

Buy or sell stocks for today: Following sell off in global markets, Dalal Street witnessed sharp correction ahead of the closing bell on Thursday session. Nifty 50 index finished 192 points lower at 19,523 levels, BSE Sensex corrected 610 points and ended at 65,508 mark whereas Bank Nifty lost 287 points and closed at 44,300 levels.

IHC) said on Thursday it is selling its stake in Adani Green Energy and Adani Energy Solutions, less than 18 months after the strategic investment company invested ₹15,400 crore in three Adani group companies. While IHC did not disclose the name of the buyer and the value of the deal, people with knowledge of the matter said the investor could be exiting at a steep loss given that stocks of both Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission) were trading much below the price at which it had invested in the companies last year. IHC said in a letter to the Abu Dhabi Securities Exchange that it has entered into a definitive agreement with a buyer to sell its investments in Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy. ET's queries emailed to Adani Group did not elicit a response till press time. IHC holds a 1.26% stake in Adani Green and 1.41% in Adani Energy Solutions, as of June 30. Its investment in the two companies was worth around ₹3,327 crore, as per prices at market closing on Thursday, 57% lower than ₹7,700 crore invested in May 2022. Value of Stake in Adani At that time IHC had invested Rs 15,400 crore (around $2 billion) in three Adani companies — Rs 3,850 crore each in Adani Green Energy and Adani Energy Solutions, and Rs 7,700 crore in Adani Enterprises.

NEW DELHI : With demand for power soaring to record levels at the start of September, states headed for Assembly elections this year are ramping up efforts to increase coal and power purchases, even at high prices. Rajasthan Urja Vikas Nugam Ltd (RUVNL), the state-run power trading company of election-bound Rajasthan purchased 1,000 MW of power for ₹8.25-10 per kwh (unit) for September in short-term tenders, according to data from the DEEP portal. Similarly, for November, December 2023 and January 2024, RUVNL has tied up a total of 2,200 MW fo ₹6.25-7.2 per unit.

Biden, saying they intend to «provide accountability» as they make their case to the public, their colleagues and sceptics in the Senate. The chairmen of the Oversight, Judiciary, and Ways and Means committees are using the first hearing of their impeachment inquiry to review the constitutional and legal questions involved.

Created with creators and their communities in mind, GapUp promises to: Bridge the Knowledge Gap As the digital tide swells, consumers find themselves navigating through an ocean of information. The democratisation of content creation by social media has intensified the quest for authentic knowledge amidst the cacophony of the digital realm.

As digital asset options continue to gain attention and acceptance from investors, traditional financial institutions may be considering adding digital assets to their offerings and/or portfolios. As with any other industry, “standing still” isn’t an option in the financial sector, and tapping into the potential of digital assets can help TradFi organizations tap into an enthusiastic and growing new customer base. Further, adding digital assets can diversify a traditional portfolio, offering a hedge against market downturns.