Research Financial News

Lupin Ltd. dropped 0.96 per cent to Rs 2200.05 at 12:48PM (IST) in Monday's trade. The scrip has hit a high of Rs 2217.7 and low of Rs 2171.25 so far during the session. The stock had closed at Rs 2221.5 in the previous session. The counter has had a total traded volume of 26947 shares so far with a value of Rs 5.91 crore on the NSE. It traded at a price-to-earnings multiple of 44.33 and a price-to-book ratio of 5.16.

Siemens Ltd. dropped 0.01 per cent to Rs 7299.1 at 12:57PM (IST) in Monday's trade. The scrip has hit a high of Rs 7310.0 and low of Rs 7188.4 so far during the session. The stock had closed at Rs 7300.0 in the previous session. The counter has had a total traded volume of 6254 shares so far with a value of Rs 4.52 crore on the NSE. It traded at a price-to-earnings multiple of 105.33 and a price-to-book ratio of 9.99.

MphasiS Ltd. slipped 2.13 per cent to Rs 3015.35 in Monday's trade as of 01:03PM (IST). The stock hit a high price of Rs 3099.0 and low of Rs 3013.5 during the session.

«So, from today onwards 26,500 is an important mark which was a high for Friday. Post that gap up, we have filled that gap and we are still continuing with the downside. So, I believe now 26,400, 26,500 is an important resistance point on Nifty Futures,» says Aditya Arora, Adlytick. First of all, help us with your take on the benchmark indices because believe that you were not holding that positive stance on the markets. Given the fall, help us understand how do you see the markets moving ahead? Are we in for some more correction or the markets can find some ground here? Aditya Arora: Look, today tables have turned and it is an important pivot point because since last 20-30 days midcaps and smallcaps were underperforming and largecaps were outperforming. Today it is an important reversal day wherein largecaps are underperforming. Look at Reliance Industries, it has given up all the gains which it had made on Friday, so that is important and look at other IT majors also, they are also underperforming.

Punjab National Bank traded at Rs 108.25 on BSE at 12:37PM (IST) on Monday, down 0.91 per cent from previous close. The scrip quoted a 52-week low price of Rs 67.34 and a high of Rs 142.9.

OpenAI used a system of nondisclosure agreements to stifle public criticism from outgoing employees. Current and former OpenAI staffers were paranoid about talking to the press. In May, one departing employee refused to sign and went public in The Times. The company apologized and scrapped the agreements. Then the floodgates opened. Exiting employees began criticizing OpenAI's safety practices, and a wave of articles emerged about its broken promises. These stories came from people who were willing to risk their careers to inform the public. How many more are silenced because they're too scared to speak out? Since existing whistle-blower protections typically cover only the reporting of illegal conduct, they are inadequate here. Artificial intelligence can be dangerous without being illegal. A.I. needs stronger protections — like those in place in parts of the public sector, finance and publicly traded companies — that prohibit retaliation and establish anonymous reporting channels. OpenAI has spent the last year mired in scandal. The company's chief executive was briefly fired after the nonprofit board lost trust in him. Whistle-blowers alleged to the Securities and Exchange Commission that OpenAI's nondisclosure agreements were illegal. Safety researchers have left the company in droves. Now the firm is restructuring its core business as a for-profit, seemingly prompting the departure of more key leaders.

«Wherever anybody invested, one has made money. Not only that, last three-four years, I do not think at any point in the last three-four years, we have not had this discussion that market looks expensive,» says Dhirendra Kumar, CEO, Value Research. There is a time when you buy equities, you would be disproportionately rewarded. But there are times when you invest into equities, your future returns will get compromised. Are we in that phase for next three years where every equity investor now needs to take a hard look at their asset allocation toward equities and say, okay, it has been good last two or three years, it is time for me to check my equity allocation. Maybe 15, if not 15, at least 10% should be moved into fixed income instruments. Dhirendra Kumar: It does depend on how experienced that investor is. If that investor came three years ago, it would be very difficult for anybody to persuade him to move to fixed income because he has just been used to a different kind of market.

Crompton Greaves Consumer Electricals Ltd. traded 0.84 per cent down in Monday's trade at 12:26PM (IST). Around 23,797 shares changed hands on the counter. The scrip opened at Rs 424.8 and touched an intraday high and low of Rs 426.0 and Rs 418.45, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.1.

ACC Ltd. traded 1.88 per cent up in Monday's trade at 10:19AM (IST). Around 10,786 shares changed hands on the counter. The counter opened at Rs 2490.2 and touched an intraday high and low of Rs 2531.0 and Rs 2470.0, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.

LTIMindtree Ltd.(up 1.42 per cent), Coforge Ltd.(up 0.77 per cent), HCL Technologies Ltd.(up 0.49 per cent), Persistent Systems Ltd.(up 0.46 per cent) and Wipro Ltd.(up 0.03 per cent) were among the top gainers.

Oberoi Realty Ltd.(up 0.91 per cent) and Mahindra Lifespace Developers Ltd.(up 0.32 per cent) were among the top gainers.

Vedanta Ltd. traded 1.16 per cent up at Rs 518.8 at around 10:24AM (IST) on Monday. The stock had closed at Rs 512.85 in the previous session. Equity benchmark Sensex traded 690.52 points lower at 84881.33 around the same time.

LT Foods Ltd.(up 2.23%), Colgate-Palmolive(India)Ltd.(up 2.14%), Future Consumer Ltd.(up 1.73%), Heritage Foods Ltd.(up 1.33%), Hatsun Agro Products Ltd.(up 1.13%), Marico Ltd.(up 1.05%), Nakoda Group Of Industries Ltd.(up 0.98%), Britannia Industries Ltd.(up 0.85%), Procter & Gamble Hygiene & Healthcare Ltd.(up 0.79%) and Tata Consumer Products Ltd.(up 0.74%) were among the top gainers.

silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as the international markets. Gold December futures contract settled at Rs 75,718 per 10 grams with a loss of 0.70% and silver December futures contract settled at Rs 91,398 per kilogram with a loss of 1.37%.

IPO of NeoPolitan Pizza and Foods will open for subscription today and close on October 3. The company aims to raise nearly Rs 12 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Rappid Valves will debut on the NSE SME platform today. Ahead of the listing, the stock was commanding a GMP of Rs 90 in the grey market. Considering the upper price band of Rs 312, the stock is expected to list with a premium of 41% over the issue price.

SME IPO of Paramount Dye Tec will open for subscription today and close on October 3. The company aims to raise nearly Rs 28 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

IPO of Subam Papers will open for subscription today and close on October 3. The company aims to raise nearly Rs 94 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Japan's benchmark Nikkei share average tumbled more than 4% on Monday in reaction to a sharply stronger yen after perceived monetary policy hawk Shigeru Ishiba won the contest to become the country's prime minister. The Nikkei traded 4.11% lower at 38,191.13 as of 0020 GMT, while the broader Topix index shed 2.9%.

WOL 3D India will debut on the NSE SME platform today. Ahead of the listing, the stock was commanding a GMP of Rs 75 in the grey market. Considering the upper price band of Rs 150, the stock is expected to list with a premium of 50% over the issue price.

Manba Finance will debut on the exchanges today and the stock is expected to fetch healthy gains for investors, going by the grey market trends. Ahead of the listing, the company's shares were trading with a GMP of Rs 38 in the grey market. Considering the upper price band of Rs 120, the stock is expected to list at a premium of 32% over the issue price.