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Stock market today: Despite weak sentiments at Indian stock market, PSU stocks — REC, GAIL, Coal India, MMTC and NMDC have climbed to a new 52-week peak during Friday deals. All these PSU stocks opened with upside gap and went on to hit new 52-week high during early morning session. Out of these five PSU stocks, two stocks climbed to a new life-time peak while hitting intraday high on Friday.

Fixed-income investments are investments that provide a fixed or stable return on investment over a specified period of time. These can be used by investors to diversify their portfolio given these are not as risky as derivatives and equities. Because the returns in fixed-income investments are reliable, it is particularly popular amongst senior citizens.

Avenue Supermarts is likely to see its net profit for the quarter ended September 2023 decline on a year-on-year (YoY) basis. This is largely because of a weak operational performance. According to the provisional numbers released by the owner of DMart hypermarket chain earlier this month, the company’s standalone revenue increased by nearly 19% YoY in the September quarter to Rs 12,308 crore. However, the net profit is expected to decline about 3% on year to Rs 666 crore, according to the average of estimates given by five brokerages. The Radhakishan Damani-owned company will release its earnings on Saturday. Dalal Street investors will track the management’s commentary on the outlook for the current quarter, given that festival season will drive discretionary spending and increase footfalls in stores. Industry-wide commentary indicated a persistent slowdown in the discretionary category in the September quarter, but analysts expect it to improve in the current quarter with the onset of festive demand. The company’s overall view on the margin trajectory for the rest of the financial year will also be watched by investors. Store addition outlook and trend on revenue per square feet will also be a key monitorable. Revenue per sq ft, which remained subdued in the recent past mainly due to the addition of larger store sizes and weak discretionary spending, is now seeing a pick-up, said analysts at Motilal Oswal Securities. “We believe the improvement in revenue per sqft indicates an improved contribution from larger stores,” it said. As of September 30, the company's total number of stores stood at 336, with nine new additions in the last quarter.

«One can use stop loss of 19,630,19,640, buy Nifty here, the targets will be around 19,800. So, as I said, for small bounce, one can buy here. But overall, the trend or the upper band remains a little bit weak,» says Gaurav Bissa, InCred Equities. Quick reading on the Nifty, Bank Nifty for a moment and your trading ideas and then we will talk about select movers in trade. Well, as far as Nifty is concerned, at high levels, we have seen breakdown retest of Nifty at 19,859 at spot level and this is also a 61.8% retracement of the fall that started from 20,200 to about 19,200. So, we will find some resistance in Nifty at higher levels. So, on a broader perspective, it is a sell on rise market for the time being.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) On the domestic front, India's headline retail inflation rate, or the Consumer Price Index (CPI), cooled down to a three-month low of 5.02% in September led by drop in vegetable prices, according to data released by the Ministry of Statistics and Programme Implementation on Thursday. Inflation print for August was 6.83%.

PI Industries Ltd. traded 0.11 per cent down at Rs 3484.0 at 12:02PM (IST) on Friday, even as BSE benchmark Sensex dropped 347.64 points to 66060.75. The stock had closed at Rs 3488.15 in the previous session.

Mirae Asset Mutual Fund has launched Mirae Asset Nifty IT ETF, an open-ended scheme replicating/tracking Nifty IT Total Return Index. The new fund offer or the NFO of the scheme is open for subscription and it will close on October 18. The scheme will re-open for continuous sale and repurchase from October 23. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error.

G20 nations on Thursday called for swift and coordinated implementation of the G20 roadmap to deal with the issues related to the crypto assets. The G20 Roadmap on Crypto Assets adopted by the G20 Finance Ministers was spelt out in a Synthesis Paper prepared jointly by the International Monetary Fund (IMF) and Financial Stability Board (FSB). «We adopt the roadmap proposed in the Synthesis Paper as a G20 Roadmap on Crypto Assets. We call for swift and coordinated implementation of the G20 Roadmap, including implementation of policy frameworks; outreach beyond G20 jurisdictions; global coordination, cooperation and information sharing; and addressing data gaps,» said a communique issued during the fourth meeting of the FMCBG. The G20 Roadmap on crypto assets is a detailed and action-oriented roadmap that will help coordinate global policy as well as develop mitigating strategies and regulations on such assets while also taking into consideration the specific implications on Emerging Markets and Developing Economies (EMDEs). The Finance Ministers and Central Bank Governors (FMCBG) communique drew guidance from the G20 New Delhi Leaders Declaration (NDLD) and benefited significantly from the consensus that was reached at the Leaders' Summit last month, a press statement issued by the finance ministry said.

Day trading guide for today: After showing a sustainable upside move in the last couple of sessions, Indian stock market shifted into consolidation and closed lower on Thursday. Nifty 50 index went off 17 points and closed at 19,794 levels, BSE Sensex shed 64 points and ended at 66,408 mark. However, Nifty Bank index finished 82 points higher at 44,599 levels.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty to US inflation Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty 50 remained in a range-bound pattern after a flat opening on Thursday. “We can expect the market to continue this range-bound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750.

Fletcher Building has accused Western Australia’s largest homebuilder BGC of blame-shifting and making unfounded allegations over plumbing pipe leaks in 11 per cent of new houses built in WA between 2017 and 2022 which used a specific Fletcher product.

Proxy adviser Institutional Shareholder Services has told Whitehaven investors to reject the miner’s remuneration report over concerns that “excessive board discretion” is at the heart of a new executive pay regime adopted last year.

Sensex declined 64 points to close at 66,408 and the broader Nifty dropped 17 points to close below 19,800 level. Stocks that were in focus included names like NMDC, which rose 5.42%, Britannia, which rose 0.1%, and Laurus Labs, whose shares jumped 0.14% on Thursday. Here's what Amol Athawale, VP-Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. NMDC — Buy Last Thursday, the stock registered a fresh 52–weeks high of 159.90, and this week so far, the stock rallied nearly 10 percent. On daily and weekly charts, the stock has formed a long bullish candle and it is also holding an uptrend continuation formation which is largely positive. For the breakout trades now, 152-150 would be the key support levels to watch out.

Buy or sell stocks for today: Indian stock market snapped two days rally and ended lower on Thursday. Nifty 50 index went off 17 points and closed at 19,794 levels, BSE Sensex shed 64 points and ended at 66,408 mark.

G20 finance ministers and central bank governors Thursday adopted the roadmap to ensure effective, flexible, and coordinated implementation of the comprehensive policy framework for crypto assets. The roadmap is based on a synthesis paper bringing together separate recommendations by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The FSB has recommended regulations rather than an outright ban on crypto assets to prevent them from undermining macroeconomic and financial stability. “We adopt the roadmap proposed in the Synthesis Paper as a G20 Roadmap on Crypto Assets.

The independent directors of ailing packaging group Pact Group have told shareholders to reject a takeover bid by Rich Lister Raphael Geminder, who already owns just over 50 per cent of the company.

Whether it’s money for something fun — like buying an RV to travel the country to see their children — or something painful — like replacing their roof — individuals often require emergency savings, but they tend not to think about it until they need it.

solar eclipse on Saturday offers a unique opportunity for celestial enthusiasts to capture this rare event with their cellphone cameras. While it's a tempting prospect, there are several factors to consider when using your phone to document this extraordinary occurrence. Limitations of Phone Cameras While it's feasible to capture the solar eclipse on your cellphone, it's essential to acknowledge some limitations. According to Scott Fisher, an astronomy lecturer at the University of Oregon, the sun might not appear sufficiently large on your phone screen. Fisher explained, «If you take a picture of the sun with the cell phone, the sun is teeny tiny on your screen. It might only be a few pixels across.»

The Treasury Department has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap

Passenger railroads nationwide will now be required to install video recorders inside their locomotives

Domestic consumption and investment demand will continue to drive growth though global and regional uncertainties and domestic disruptions may keep inflationary pressures elevated in the coming months, finance minister Nirmala Sitharaman said Thursday. The finance minister also added that the situation warrants greater vigilance by the government and Reserve Bank. Calling for timely consensus on the transformation of the World Bank for accelerating progress towards the achievement of the 2030 Sustainable Development Goals (SDGs), Sitharaman during her in her address at the meeting of the World Bank's Development Committee, said, «The government has already taken pre-emptive measures to restrain food inflation which is likely to subside price pressure in the market soon.» The body is a joint ministerial committee of the boards of governors of the World Bank and the International Monetary Fund on the transfer of real resources to developing countries. She said the external sector required a closer watch, observing that the global economic landscape was still marked by unprecedented challenges to economic growth and stability. Sitharaman said India's growth prospects remain strong, and domestic economic activity is maintaining resilience with a healthy balance sheet of the private sector and increased capex spending of the government, crowding in private investment. On Tuesday, the IMF raised India's real GDP growth forecast for FY24 to 6.3% from 6.1%. Forecasts by other international organisations are higher, Sitharaman said, adding the robustness of domestic investment is the result of the government's continued emphasis on capital expenditure, which is expected to drive growth in the coming years. Given the