Gift Nifty Down 6 Points | Paras Defence Bags L&T Order | Indian Oil withdraws Proposed Rights Issue | Top Buzzing Stocks Today

Tue, 1 Oct Pre-Open

   Previous Close   

   10:30 am   

   Closing   

Indian share markets Slipped further as the session progressed and ended the day weak.

Indian benchmarks, Sensex and Nifty, both dropped over 1 percent on September 30 as investors continued to book in profits at record-high levels, deepening the losses from the previous session.

At the closing bell on Monday, the BSE Sensex stood lower by 1,272 points (down 1.5%).

Meanwhile, the NSE Nifty closed lower by 357 points (down 1.4%).

NTPC, Tata Steel and Britannia were among the top gainers.

Trent, Axis Bank and Reliance Industries on the other hand, were among the top losers.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets ended the day negative. The BSE Mid Cap ended 0.3% lower and the BSE Small Cap index ended flat.

Barring metal sector all other sectoral indices are trading on negative note with stocks in banking sector, auto sector, realty sector and finance sector witnessing buying most selling pressure.

Gold prices for the latest contract on MCX were trading 0.2% higher at Rs 75,853 per 10 grams at the time of Indian market closing hours on Monday.

At 7:50 AM today, the Gift Nifty was trading 6 points lower at 26,000 levels.

Indian share markets are headed for a muted start today following the trend on Gift Nifty.

Speaking of the stock market, ever wondered why NTPC, a seemingly boring PSU, has outperformed market favourites like HUL and Nestle?

Rahul Shah, Co-head of Research at Equitymaster talks about the secrets behind its transformation and assess whether it's still a good investment.

Tune in for more

Top buzzing stocks today

Aurobindo Pharma share price will be in focus today.

Shares of Aurobindo Pharma dropped 4.5% on 30 September after the Telangana manufacturing unit of the drugmaker's arm Apitoria Pharma was issued 10 observations by the US Food and Drug Administration.

The US drug regulator conducted its inspection of the Telangana API (Active Pharmaceutical Ingredient) manufacturing unit on September 23-27.

Ola Electric will also be a top buzzing stock.

Shares of Ola Electric Mobility fell more than 4% in the trade on 30 September, which also took the stock below the Rs 100 mark for the first time since its market listing. Moreover, the stock has also been in the red for 12 out of the last 14 sessions.

In a bid to boost EV penetration in tier-2 and tier-3 cities, the company recently launched its 'network partner program'.

Paras Defence Bags L&T Order

The company on 30 September bagged an order worth Rs 2.9 bn from its arm Controp-Paras Technologies.

The order pertains to the execution of the Indian content associated with a contract previously awarded to the company's arm by L&T.

L&T had granted a Rs 3.1 bn order to Controp Paras Technologies for the production of 244 units of the Sight - 25HD EO System, which includes extended warranty charges and an integrated logistics support (ILS) package for their Close-In Weapon System (CIWS) Program. The order is anticipated to be completed within the next 47 months.

The correction in the stock has been on account of profit booking in the overall defence pack amid concerns of inflated valuations and lagging growth multiples.

Paras Defence and Space Technologies specialises in technologies needed for rockets and missiles, space research, naval systems, electronic warfare, drones, and quantum communication, among others.

NBCC's New Order Win

NBCC (India) Ltd on Monday, 30 September, said it has secured an order worth approximately Rs 1 bn from the National Highways Authority of India (NHAI).

The contract is for Project Management Consultant (PMC) for the construction of a permanent office building concerning regional offices (ROs) cum project implementation units (PIUs) of the NHAI.

Shares of NBCC (India) have shown strong performance on a year-to-date basis, as the stock has risen sharply by 120% so far this year. They have surged 14% in the last three months.

Last week, NBCC's wholly-owned subsidiary HSCC (India) Ltd won an order worth Rs 12.6 bn from the Ministry of Health and Family Welfare of the Government of India for the establishment work of an All India Institute of Medical Sciences (AIIMS) in Bihar's Darbhanga.

In August, NBCC's board of directors approved the issuance of bonus shares in the ratio of 1:2, meaning shareholders of the company would receive 1 bonus share for every two shares.

The record date for determining the eligibility of members to receive the bonus shares has been set as 7 October, by the company's board. The bonus shares will be credited within two months from the date of approval of the board, which would be 31 October 2024.

NBCC (India), formerly known as National Buildings Construction Corporation, is a Government of India Navratna Enterprise that provides construction services.

It was incorporated in 1960 as a private limited company and became a public limited company in 2011.

Indian Oil withdraws Proposed Rights Issue

Indian Oil Corporation (IOC) has withdrawn the proposed rights issue of up to Rs 220 bn. The board of the company had approved raising of capital by way of the issue of equity shares on the right basis on 7 July 2023, subject to statutory approvals.

Ministry of Petroleum and Natural Gas said that in the union budget 2024-25 no funds were allocated for capital support to Oil Marketing Companies (OMCs) as against the proposed allocation of Rs 300 bn.

As of the June quarter, the government owned 51.5% of Indian Oil Corporation.

Earlier, the state-owned Bharat Petroleum Corporation Ltd (BPCL) board also approved raising Rs 180 bn through the rights issue in June 2023.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers