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Business Standard

Investor sells 8.45% of R Systems for Rs 465 cr, Goldman picks up stake

Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions. After the stake sale, Tripathi's holding has come down to 20.58 per cent from 29.03 per cent. However, he will remain the largest non-promoter shareholder/public shareholder of Noida-based R Systems. According to the block deal data available on the BSE, Tripathi offloaded 99,99,995 shares in eight transactions, amounting to an 8.45 per cent stake in the IT firm. The shares were sold at an average price of Rs 465.15 apiece, taking the transaction value to Rs 465.15 crore. Sundaram Mutual Fund, DSP Mutual Fund, Emerging Business Fund, Siddharth Iyer, Jagdish Naresh Master, Goldman Sachs, Dublin-based investment management firm Mediolanum International Funds and Carnelian Asset Management & Advisors were among the buyers of R Systems' shares on the

Business Standard

Benchmarks tumble for 5th day amid Middle East tensions, FPI selling

The S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60. The 50-unit index has fallen 4.45% in five consecutive sessions.

Business Standard

INR settles on flat note; surging oil prices amid geo political tensions weigh

The Indian rupee ended on a flat note at 83.96 (provisional) against the US dollar on Friday as surging crude oil prices amid volatile geopolitics weighed on the local unit. The dollar was poised for its largest weekly gain since April and oil prices headed for weekly gains of about 9 percent sparked by fears of escalating tensions in the Middle East. Meanwhile, Indian shares fell notably on Friday to extend steep losses from the previous session as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Fed's rate trajectory. The benchmark S&P/BSE Sensex ended the session down 808.65 points, or 0.98 percent, at 81,688.45 while the broader NSE Nifty index settled at 25,049.85, down 200.25 points, or 0.79 percent, from its previous close. At the interbank foreign exchange, the local unit opened at 83.96 and moved between a narrow range of 83.93 and 83.97 against the greenback. The unit failed to

Business Standard

Benchmarks end with major cuts; media shares slide; VIX jumps 7.27%

As per provisional closing, the S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60.

Business Standard

Kamdhenu Ventures Ltd leads losers in 'B' group

NDR Auto Components Ltd, Dhunseri Tea & Industries Ltd, Malu Paper Mills Ltd and Baazar Style Retail Ltd are among the other losers in the BSE's 'B' group today, 04 October 2024.

Business Standard

Nifty slides below 25,050; media shares under pressure

At 14:30 IST, the barometer index, the S&P BSE Sensex tumbled 661.91 points or 0.80% to 81,840.85. The Nifty 50 index dropped 218.45 points or 0.87% to 25,037.70.

Business Standard

Utilties stocks edge lower

Utilties stocks were trading in red, with the BSE Utilities index decreasing 85.76 points or 1.29% at 6540.63 at 13:47 IST.

Mint

BSE to discontinue weekly derivatives contracts for Sensex50, Bankex; What will happen to current contract?

In a notification, the BSE announced that no new weekly contracts for the SENSEX 50 will be issued after the expiration of current unexpired contracts.

Business Standard

Morgan Stanley, Citigroup buy Rs 755 cr worth shares in HDFC Bank

Morgan Stanley and Citigroup on Thursday bought shares of private sector lender HDFC Bank for over Rs 755 crore through open market transactions. According to the block deal data available on the BSE, New York-headquartered financial services companies Morgan Stanley and Citigroup through their affiliates purchased 43.75 lakh shares of the Mumbai-based bank. The shares were picked up at an average price of Rs 1,726.2 apiece, taking the combined transaction value to Rs 755.29 crore. These shares were sold by BNP Paribas' arm BNP Paribas Financial Markets through two separate block deals at the same price on the BSE. BNP Paribas is an investment bank and financial services company. Last week, Paris-based BNP Paribas offloaded shares of HDFC Bank for Rs 543.27 crore. Shares of HDFC Bank fell 2.55 per cent to close at Rs 1,682.15 apiece on the BSE.

Mint

Stock Market Crash: M-cap of BSE-listed companies tumbles nearly ₹10 trillion amid bloodbath on Dalal Street

Sensex Crash Today: The Indian stock market experienced its worst intra-day fall in two months, erasing nearly ₹9.78 trillion in investor wealth. Geopolitical tensions, rising crude oil prices, and recent regulatory changes contributed to this decline.

Business Line

Suzlon shares tank 5% following receipt of warning letter from NSE, BSE

The exchanges pointed out a lack of transparency and detailed information in Suzlon’s communications

Mint

BSE share price jumps to record high amid stock market crash, surges nearly 10% after SEBI's new F&O rules; Here's why

BSE share price surged nearly 10% to an all-time high after SEBI introduced new guidelines for the F&O market. The new rules, effective between November 2024 and April 2025, include changes to index futures expiration and margin requirements, leading to positive market momentum.

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex was down 985.19 points at 83281.1

The Economic Times

Angel One shares jump over 7% as investors find silver lining in Sebi order

Shares of Angel One rose 7.4% on the BSE. Investors expect gains from Sebi's new F&O market regulations. The regulations may weaken smaller players, boosting bigger firms. Angel One may increase fees or absorb margin impacts. Past customer acquisition helped offset slowdowns. Long-term growth expected in financial products distribution, wealth management, and AMC.

The Economic Times

BSE to retain weekly options linked to Sensex after new rules for derivatives: Report

BSE will keep weekly derivative contracts for the Sensex. SEBI has tightened rules, allowing only one weekly options contract from Nov. 20. This follows a rise in retail investors trading options and concerns over household finances. BSE's Sensex has higher volumes than Bankex, thus Sensex will be retained for weekly expiry.

The Economic Times

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex was down 885.93 points at 83380.36

The Economic Times

Suzlon shares dip 4% on NSE, BSE’s warning letter for non-compliance

Shares of Suzlon Energy fell 4% to a low of Rs 76.35 on the BSE following advisory letters from NSE and BSE. The letters were issued due to corporate governance concerns raised by the resignation of Independent Director Marc Desaedeleer, who cited a lack of openness and transparency in communications.

The Economic Times

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex was down 879.93 points at 83386.36

The Economic Times

BSE shares jump 8% on likely market share gain after Sebi's F&O curbs

BSE shares rose 8% after Sebi announced new rules for the derivatives market benefitting BSE. From November 20, BSE will have more days to compete with NSE in weekly derivatives. The new framework aims to regulate futures and options trading better. Angel One shares also rose despite expected short-term impacts on earnings.

The Economic Times

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex was down 926.25 points at 83340.04

The Economic Times

Sensex falls! These stocks are down 5% or more on BSE

In the Nifty pack, 9 stocks were trading in the green, while 41 stocks were trading in the red.

The Economic Times

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex was down 771.54 points at 83494.75

The Economic Times

D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets

The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.

Business Standard

Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets

Investors' wealth surged by a whopping Rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. The market capitalisation of BSE-listed firms soared Rs 110,57,617.4 crore to Rs 4,74,86,463.65 crore (USD 5.67 trillion) so far this year. The market valuation of all listed firms at the BSE hit an all-time high of Rs 477.93 lakh crore on September 27. The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones. Analysts attributed the sharp rally in the markets to robust domestic liquidity along with strong fundamentals of the Indian economy. "One of the key highlights of this year is the robust domestic liquidity, driven by record inflows into the mutual fund industry," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Despite selling

Mint

KRN Heat Exchanger and Refrigeration IPO: GMP indicates strong debut for shares on NSE, BSE tomorrow - 3 October

KRN Heat Exchanger and Refrigeration IPO: The subscription period for the IPO ended on 27 September, with the listing scheduled for 3 October on NSE and BSE. The GMP indicates strong debut expectations by market participants.

Mint

Adani Enterprises merges two subsidiaries with Adani New Industries Limited

Adani Group's flagship company, Adani Enterprises, announced that the conglomerate has merged two of its subsidiaries with Adani New Industries Limited, according to the company's BSE filing on Wednesday

Hindustan Times

Stock market holiday today: NSE, BSE shut on account of Gandhi Jayanti

NSE and BSE are closed on October 2 for Gandhi Jayanti, suspending all trading activities. MCX will also remain closed for both sessions.

Mint

Stock market holiday: NSE, BSE shut today on account of Gandhi Jayanti

Stock market holiday: The Indian stock markets will be closed on Wednesday, October 2, 2024, to commemorate Gandhi Jayanti, a national holiday honouring the birth of Mahatma Gandhi.

Business Standard

Plutus Wealth increases shareholding in SpiceJet, buys Rs 50 cr worth share

Plutus Wealth Management on Tuesday raised its holding in domestic carrier SpiceJet by acquiring additional shares for Rs 50 crore through an open market transaction. According to the bulk deal available with the BSE, Plutus Wealth Management purchased 75 lakh shares or 0.58 per cent stake in Gurugram-headquartered SpiceJet. The shares were bought at an average price of Rs 66.70 apiece, taking the transaction value to Rs 50.02 crore. Details of sellers of SpiceJet's shares could not be identified on the BSE. Shares of SpiceJet jumped 6.95 per cent to close at Rs 68.13 apiece on the BSE. On Monday, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for Rs 51 crore.

Business Standard

AMC scrips rally on new asset class; Nippon Life India up 5.2% on BSE

Aditya Birla Sun Life ends trading day 4.4% higher

CNBC TV18

Suzlon receives advisory warning from NSE and BSE for non-compliance with SEBI regulations

These warnings follow the company’s handling of disclosures related to the resignation of Independent Director, Marc Desaedeleer.

The Economic Times

UTI Mutual Fund files draft document with Sebi for Active Factor Equity Fund

UTI Mutual Fund filed for UTI Active Factor Equity Fund, an open-ended equity scheme following factor-based integrated investment themes. The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments. The scheme will be benchmarked against BSE 200 TRI.

The Economic Times

Stock market update: FMCG stocks up as market falls

The 30-share BSE Sensex closed down 33.49 points at 84266.29

The Economic Times

Stock market update: Sugar stocks up as market falls

The 30-share BSE Sensex closed down 33.49 points at 84266.29

The Economic Times

Stock market update: Mining stocks mixed as market falls

The 30-share BSE Sensex closed down 33.49 points at 84266.29

Business Line

Indian markets close marginally lower; Tech stocks lead gains

The benchmark Nifty 50 index closed at 25,796.90, down 13.95 points or 0.05 per cent, while the BSE Sensex settled at 84,266.29, shedding 33.49 points or 0.04 per cent

The Economic Times

Gainers & Losers: NALCO, Paytm among 6 stocks in limelight on Tuesday

Indian benchmark indices closed nearly flat on Tuesday, with IT gains offset by losses in Reliance Industries and HDFC Bank. The BSE Sensex fell 33 points, and NSE Nifty slipped 14 points.

The Economic Times

Stock market update: Power stocks up as market falls

The 30-share BSE Sensex closed down 33.49 points at 84266.29

The Economic Times

Stock market update: Fertilisers stocks up as market falls

The 30-share BSE Sensex closed down 33.49 points at 84266.29

Mint

RVNL secures order worth ₹283.69 crore from East Coast Railway

Rail Vikas Nigam Ltd (RVNL) has secured an order worth ₹283.69 crore from East Coast Railway. The order is expected to be completed in the coming two years, according to the company's BSE filing on Tuesday.