UPS Financial News

DCM Shriram Industries Ltd.(up 5.10%), Ponni Sugars(Erode)Ltd.(up 3.24%), Ugar Sugar Works Ltd.(up 2.77%), Sakthi Sugars Ltd.(up 2.56%), Bajaj Hindusthan Sugar Ltd.(up 1.42%), Mawana Sugars Ltd.(up 1.38%), Balrampur Chini Mills Ltd.(up 1.24%), Shree Renuka Sugars Ltd.(up 1.07%), Dwarikesh Sugar Industries Ltd.(up 1.06%) and Vishwaraj Sugar Industries Ltd.(up 0.76%) stood among the top gainers.

The NSE Nifty index closed 104.7 points up at 25041.1, while BSE Sensex ended up 361.75 points at 81921.29.

Tata Power Company Ltd.(up 6.59%), SJVN Ltd.(up 5.87%), Suzlon Energy Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 4.91%), CESC Ltd.(up 4.67%), Hitachi Energy India Ltd.(up 4.08%), RattanIndia Power Ltd.(up 3.77%), Inox Wind Ltd.(up 3.19%) and NLC India Ltd.(up 3.03%) stood among the top gainers.

Dil-Luminati Tour (India) were sold out within minutes of release. The pre-sale opened at noon on September 10, offering early access to HDFC Pixel Credit Card holders, who enjoyed a 10 per cent discount on ticket prices. The 10-day tour is set to kick off on October 26 in Delhi and will visit 10 cities across India, including Hyderabad, Ahmedabad, and Bangalore.

LG 7 Kg Front Load Washing Machine The LG 7 Kg Fully-Automatic Front Load Washing Machine is a powerhouse of convenience and efficiency. Featuring Direct Drive Technology, it ensures quieter, smoother operation and longer-lasting performance.

discounts on cars. Tata Motors recently reduced prices on its popular cars and SUVs by up to Rs 2.05 lakh.

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

Bajaj Housing Finance is getting strong response from investors as the issue sailed through on the first day of bidding. As the demand for the IPO increases, the chances of getting an allotment under the retail category might be less. However, investors looking to maximise their opportunity to secure an allotment can apply under a special quota, which is the shareholders category.

IPO). The Kolkata-based company's initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

Guntur, Andhra Pradesh, where locals seized illicit liquor bottles while police were destroying them. The event took place at a dumping yard on Etukuru Road, with authorities present. They were trying to dispose of illegal alcohol worth Rs 50 lakh, confiscated in different cases.

IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama Institutional equities. Nifty IT index was the second best performing sector today (behind Media) in terms of percentage gains at 2.3% or 980 points with all 10 stocks trading in the green.

Pidilite Industries Ltd. traded at Rs 3270.0 on BSE at 11:46AM (IST) on Tuesday, down 0.03 per cent from previous close. The scrip quoted a 52-week low price of Rs 2293.1 and a high of Rs 3299.95.

«So, thermal; renewable; transmission; distribution with smart meters; pump storage; airports, Jewar, Navi Mumbai, these are all happening sectors,» says Vinayak Chatterjee, The Infravision Foundation. The private sector capex is not starting. We all are waiting, waiting, waiting and watching. Why is that? Vinayak Chatterjee: Actually, it is strictly not true that private sector capex is not happening. Let me outline for you the sectors where robust private sector investment is happening. So, I really do not know why you say that. Take the case of power, there is an uptick in investments by private sector in new green field as well as picking up distressed thermal coal assets and pumping more money into them.

Shree Cements Ltd. traded 0.35 per cent up at Rs 25870.0 on Tuesday at around 11:36AM (IST), while the benchmark BSE Sensex advanced 193.27 points to 81752.81. As many as 592 shares changed hands on the counter with a total value of Rs 1.52 crore.

Reddit forum 'antiwork,' has been criticized for its seemingly harsh stance on employee well-being and work-life balance.

Voltas Ltd. slipped 0.51 per cent to Rs 1809.1 in Tuesday's trade as of 12:27PM (IST). It hit a high of Rs 1838.4 and low of Rs 1806.3 during the session. The stock quoted a 52-week high price of Rs 1838.4 and a low of Rs 806.9. The return on equity for the stock stood at 4.32 per cent. About 21,953 shares have changed hands on the counter so far.

Adani Power Ltd. gained 0.96 per cent to Rs 641.65 at 12:38PM (IST) in Tuesday's trade. The counter hit a high of Rs 641.9 and low of Rs 634.2 so far during the session. The stock had closed at Rs 635.5 in the previous session. The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 13.87 crore on BSE. The stock traded at a price-to-earnings multiple of 15.43 and a price-to-book ratio of 5.78.

SRF Ltd. rose 0.94 per cent to Rs 2554.25 in Tuesday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 24954.6, up 18.2 points. The scrip had closed at Rs 2530.25 in the previous session. The stock quoted a 52-week low of Rs 2081.25 and a high of Rs 2697.45. The company quoted a market-cap of Rs 75985.54 crore on the BSE.

Varun Beverages Ltd. rose 0.29 per cent to Rs 1530.3 at 11:42AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 49,715 shares with a turnover of Rs 7.61 crore till 11:42AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 81.98, while the price-to-book value ratio stood at 23.16.

«Various companies are implementing massive projects across the country on green. So far as green is concerned, the discourse has actually changed to 24 by 7 green power, which means the conversations are now about storage,» says Vinayak Chatterjee, The Infravision Foundation. My next question is perhaps based on what you also flagged off right now, which is that new sectors are taking over. Old sectors or traditional sectors are taking a backseat. But the analyst in Bombay also focuses on two big sectors, which is steel and cement. Now, if the new sectors are taking over, old sectors from a private sector capex standpoint, they could take a backseat. So, do you think indirectly, it could have impact on steel and cement demand also, which should grow ideally when the economy is booming, but which may not grow because of new capex? Vinayak Chatterjee: Now, unfortunately, I have to agree with you again.

Vedanta Ltd. traded 0.45 per cent higher in Tuesday's session at 12:42PM (IST). The stock opened at Rs 439.45 and has touched an intraday high and low of Rs 443.3 and Rs 436.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 506.85 and a 52-week low of 207.85. About 378,911 shares changed hands on the counter so far.