Trends Financial News

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.

capital on Tuesday amid a firm trend in the overseas markets. On Monday, the precious metal had revisited the all-time high level of Rs 76,950 after a gap of six months, according to market sources. The metal previously hit the record level of Rs 76,950 on March 22 this year, they said.

working-age population in India has witnessed an increasing trend since 1971 and is projected to reach 64.4 per cent in the soon-to-be exercised Census, as per a report by SBI Research. It will further increase to 65.2 per cent in 2031, the report asserted on Tuesday. The working age population, people in the age bracket of 15-59, rose from 55.4 per cent in 1991, to 56.9 per cent in 2001, 60.7 per cent in 2021.

1) Banking and Finance The banking industry continues to present attractive value opportunities for investors, particularly among mid-sized private banks. These institutions have been experiencing significant growth in their loan books, with many reporting an annual increase of 15% to 20%. In fact, a select number of banks are even surpassing the 20% mark, indicating a robust demand for credit. Alongside loan growth, banks have been improving their asset quality, with non-performing assets decreasing, suggesting a reduced risk of bad loans on their books.

Cholamandalam Investment & Finance Company Ltd. traded 0.74 per cent down at Rs 1621.75 at 01:33PM (IST) on Tuesday, even as BSE benchmark Sensex gained 52.73 points to 84981.34. The stock had closed at Rs 1634.0 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1650.0 and Rs 1011.5, respectively.

LTIMindtree Ltd. traded 1.19 per cent lower in Tuesday's session at 01:27PM (IST). The stock opened at Rs 6310.55 and has touched an intraday high and low of Rs 6345.95 and Rs 6211.65, respectively, during the session so far. The stock quoted a 52-week high of Rs 6575.0 and a 52-week low of 4518.35. About 5,682 shares changed hands on the counter so far.

United Spirits Ltd. traded 0.17 per cent down in Tuesday's trade at 01:38PM (IST). Around 15,207 shares changed hands on the counter. The counter opened at Rs 1631.5 and touched an intraday high and low of Rs 1648.4 and Rs 1612.15, respectively, in the session so far. The stock of United Spirits Ltd. quoted a 52-week high of Rs 1648.4 and a 52-week low of Rs 981.25.

Indian Energy Exchange (IEX) fell by 9.4% following news of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26. The share price of IEX was recorded at Rs 216.88, down from the previous close of Rs 239.25. Additionally, around 1 PM, 18.40 lakh IEX shares changed hands, significantly higher than the previous two weeks' average volume of 6.49 lakh. On the NSE, approximately 5.10 crore shares were traded, according to reports.

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Varun Beverages Ltd. traded 1.46 per cent down at Rs 644.2 at 11:56AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 94.96 points to 84833.65. The scrip had closed at Rs 653.75 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 682.84 and Rs 331.28, respectively.

ACC Ltd. traded 0.79 per cent down at Rs 2463.0 on Tuesday at around 11:51AM (IST), while the benchmark BSE Sensex declined 64.99 points to 84863.62. As many as 2,048 shares changed hands on the counter with a total value of Rs 0.51 crore.

Indian Oil Corporation Ltd. traded 0.76 per cent up at Rs 170.9 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex gained 67.91 points to 84996.52. The stock had closed at Rs 169.6 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 196.8 and Rs 85.51, respectively.

Ashok Leyland Ltd. gained 0.69 per cent to Rs 238.05 at 10:45AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 239.0 and low of Rs 236.4 so far during the session. The stock had closed at Rs 236.4 in the previous session. The counter has had a total traded volume of 176766 shares so far with a value of Rs 4.2 crore on the NSE. It traded at a price-to-earnings multiple of 28.53 and a price-to-book ratio of 5.58.

PI Industries Ltd. gained 1.12 per cent to Rs 4742.2 in Tuesday's trade as of 10:50AM (IST). The stock hit a high price of Rs 4756.95 and low of Rs 4693.35 during the session.

Max Healthcare Institute Ltd. rose 4.32 per cent to Rs 1099.65 in Tuesday's trade. It hit an intraday high of Rs 1117.05 and low of Rs 1066.85, respectively, during the day. The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 531.05.

Bajaj Holdings and Investment among 2 other companies are likely to remain in focus today as these had fixed September 25 as the record date for determining the eligible shareholders. The board of Bajaj Holdings declared an interim dividend of Rs 65 per share earlier this month and fixed September 25 as the record date for the purpose.

Mayuresh Joshi, Head Equity, Marketsmith India, says with the wedding season expected to be in full-blown proportion along with the festivities in the next few weeks and months, apparel makers might be something to watch out for. There have been humongous moves in Trent, Aditya Birla Fashion and Raymond Lifestyle as well as Manyavar are expected to do well as well. Gold and jewellery stocks have done reasonably well. But from a discretionary spending perspective, these QSR players should come back strongly as well. Apparel makers, jewellery counters, and QSR, are good spaces for consumption spending. Is it time to relook at PSUs or is it too early for that? How should one look at the entire PSU pack at the moment? Mayuresh Joshi: When you are talking about the PSU pack, there are a whole host of sectors that get covered. So, within the sectors, obviously, how upstream companies will perform will depend on crude pricing primarily. Downstream companies, again, dependent a large portion in terms of how GRM margins will get spread out, what probably happens in terms of crude pricing as well and the transmission volumes thereof in lieu of expected demand.

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