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Sensex Today Ends Flat | Cochin Shipyard Rallies 10% | ONGC & Nestle Top Gainers
Tue, 26 Sep Closing

Sensex Today Ends Flat | Cochin Shipyard Rallies 10% | ONGC & Nestle Top Gainers

After opening the day flat, Indian share remained volatile as session progressed and ended the day marginally lower.

Benchmark indices were muted on Tuesday as some domestic buying helped limit losses from relentless selling by foreign funds over fears that global interest rates will stay higher for longer.

At the closing bell on Friday, the BSE Sensex stood 65 points lower.

Meanwhile, the NSE Nifty closed 6 points lower.

Nestle and ONGC were among the top gainers today.

Cipla and Tech Mahindra on the other hand, were among the top losers today.

The GIFT Nifty was trading at 19,671, down by 58 points, at the time of writing.

The BSE Mid Cap index traded flat and the BSE Small Cap index ended 0.3% higher.

Sectoral indices ended mixed, with stocks in the telecom sector and FMCG sector witnessing buying. Meanwhile stocks in the IT sector and banking sector witnessed selling.

Shares of Trent and TVS Motors hit their 52-week high today.

The rupee is trading at Rs 83.22 against the US dollar.

Asia-Pacific markets ended on a negative note.

The Nikkei index ended 1.1% lower, Hang Seng index ended 1.5% lower, while the Shanghai Composite ended 0.5% lower.

In commodity markets, gold prices are trading marginally lower at Rs 58,873 per 10 grams today.

Meanwhile, silver prices are trading marginally lower at Rs 73,248 per 1 kg.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of stock markets, when it rains, it pours.

If you don't believe in this phrase, just ask the Delta Corp management. They will tell you from their first-hand experience that the phrase is pretty much valid and can make life very, very difficult.

Talking of a difficult life, the share price performance of Delta Corp Ltd has certainly made the life very difficult for its investors and management alike.

What now though? Is the risk-reward equation in favour of investors or is there very high unpredictability?

In the below video, Cohead of research, Rahul Shah answers all this in the video below.

EaseMyTrip DuDigital Global Forge A Partnership

Moving on to news from the travel support services, DuDigital Global has joined forces with EaseMyTrip, a renowned online travel agency.

Together, they are poised to revolutionize visa and passport services.

DuDigitl is a global technology company specializing in administrative and non-judgmental tasks related to visa, passport, identity management, and citizen services for governments worldwide.

DuDigital Global Limited has garnered international acclaim for its unwavering commitment to excellence and innovation. The company's global footprint extends to governments across the world, where it has become synonymous with streamlined processes, heightened security, and superior service quality.

This historic partnership brings DuDigital's unmatched expertise in administrative services, visa, passport, and identity management to the forefront. DuDigital's impressive portfolio includes successful collaborations with governments in various nations, where it has redefined citizen services for diverse populations.

EaseMyTrip, among India's largest and most renowned online travel agencies, has transformed the travel industry with its user-friendly platform and comprehensive travel services.

Since its inception in 2008, EaseMyTrip has consistently delivered exceptional experiences to travellers worldwide.

The company offers a wide array of travel-related services, including flight bookings, hotel reservations, holiday packages, and more, tailored to meet the needs of both leisure and business travellers.

Ashish Kacholia offloads Delta Corporation

In news from the gaming sector, celebrated investor Ashish Kacholia dumped his holdings in casino company Delta Corp on 25 September despite a 20% erosion in the stock price.

The stock was beaten out of shape after the company announced that it had received a tax notice demanding more than 160 bn, nearly four times the company's market cap.

Kacholia sold 15 lakh shares in the company at an average price of Rs 144.65, the lower end of the trading band for the day. The stock closed on Friday at Rs 176 before the news broke opened with a gap-down and ended the day at Rs 145.65.

Delta Corporation is the only listed company engaged in the casino gaming industry in India.

Delta Corp shares crashed around 18% to hit a low of Rs 140 on 25 September 2023.

For more, check out Why Delta Corp Share Price is Falling.

To know whether the stock market overreacted to the GST notice sent to Delta Corp, check out Delta Corp: Is it Time to be Greedy When Others Are Fearful?

JSW Infra IPO subscribed

JSW Infrastructure IPO has been subscribed 1.11 times on day 2 so far.

JSW Infra IPO opened for subscription on Monday, 25 September, and will close on Wednesday, 27 September. JSW Infrastructure Limited IPO has a fixed price band of the public offer at Rs 113 to Rs 119. Bids can be made for a minimum of 126 equity shares and in multiples of 126 equity shares thereafter.

Investors subscribed to 17.61 crore equity shares against an offer size of 13.62 crore, resulting in a subscription rate of 1.29 times.

Retail investors remained ahead in terms of support to the offer, buying 3.64 times the allotted quota, which is 10 per cent of the total offer size, while net institutional investors subscribed 2.1 times.

Qualified institutional buyers, which have the maximum quota of 75% in the offer, have bid 11% shares of their reserved portion.

For more, check out JSW Infrastructure IPO: 5 Things to Know.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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