Gift Nifty Down 323 Points | Why Oil Prices are Rising | Jaro Education Files for IPO | Top Buzzing Stocks Today

Thu, 3 Oct Pre-Open

   Previous Close   

   10:30 am   

   Closing   

Indian benchmark indices turned negative as the session progressed and ended the day lower.

The benchmark equity indices, BSE Sensex and NSE Nifty50, ended on a flat note with a negative bias on Tuesday.

At the closing bell on Tuesday, the BSE Sensex stood lower by 33 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 14 points (down 0.1%).

Tech Mahindra, M&M and Infosys were among the top gainers.

Bajaj Auto, ONGC and Asian Paints 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.

The BSE MidCap index ended 0.3% higher and BSE SmallCap index ended 0.6% higher.

Sectoral indices were trading positive with socks in auto sector and IT sector witnessing buying. Meanwhile stocks in power and telecom sector witnessed selling pressure.

Gold prices for the latest contract on MCX were trading 0.3% higher at Rs 76,135 per 10 grams at the time of Indian market closing hours on Tuesday.

At 8:10 AM today, the Gift Nifty was trading 323 points lower at 25,706 levels.

Indian share markets are headed for a negative 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

Jubilant FoodWorks share price will be in focus today.

Jubilant FoodWorks announced that it has received a final assessment order from the Income Tax Department dated 27 September, raising a tax demand of Rs 708 m for the financial year 2016-2017. This tax demand is related to certain Transfer Pricing Adjustments.

In response, Jubilant FoodWorks is preparing to appeal the assessment order before the Income Tax Appellate Tribunal (ITAT).

Vipul Organics will also be a top buzzing stock.

Vipul Organics shares surged 13% to a fresh lifetime high in trade on 1 October, after its board announced a rights issue.

The issue offers investors one share for every three held as of the record date at Rs 54 per share.

Why Oil Prices are Rising

Oil rose for a second day after Iran fired about 200 ballistic missiles at Israel, drawing a vow of retaliation from Prime Minister Benjamin Netanyahu and raising the risks to crude supplies.

Global benchmark Brent climbed above $74 a barrel, after briefly spiking more than 5% on Tuesday following the Iranian assault, which was preceded by a warning from the US. West Texas Intermediate advanced to near $71 a barrel, although it also remained below the peak touched in the previous session.

Crude's advance reflects investors pricing in a renewed risk premium for the world's most important commodity, given the Middle East accounts for about a third of global supplies. Haven assets, including bonds, gold, and the US dollar, also climbed during the latest escalation of the conflict.

Although Israel and Iran have been facing off since the outbreak of the war in Gaza against Tehran-backed Hamas almost a year ago, previous spikes have been short-lived in the absence of actual interruptions to oil output. Iran was pumping about 3.4 million barrels a day in August.

Tensions in the Middle East have increased markedly after the killing of Hezbollah's chief, Hassan Nasrallah, last week. Israel bombed the centre of Beirut on Monday and its troops have begun what it called "targeted ground raids" in Lebanon. Hezbollah is also backed by Tehran.

Jaro Education Files for IPO

The Mumbai-based Jaro Institute of Technology Management and Research, which operates in the online higher education and upskilling space, has filed preliminary papers with the capital markets regulator SEBI to raise Rs 5.7 bn through an initial public offering (IPO).

The IPO consists of a fresh issuance of equity shares worth Rs 1.7 bn and an offer-for-sale of shares worth Rs 4 bn by promoter Sanjay Namdeo Salunkhe.

Promoters currently hold an 85% stake in the company, while the remaining 14.9% is held by 473 shareholders.

The company, which provides degree programs and certification courses in collaboration with several partner institutions, may consider a pre-IPO placement of shares worth Rs 340 m before filing the red herring prospectus with the Registrar of Companies. If successful, the amount raised via the pre-IPO placement will be deducted from the fresh issue.

With a pan-India presence that includes over 22 offices-cum-learning centres in major cities for offline learning, Jaro Institute collaborates with 34 partner institutions, including IITs, IIMs, and premier global institutions such as the Swiss School of Management, the Rotman School of Management (University of Toronto), and leading corporations.

Dabur Targets Inventory Correction

FMCG major Dabur India said it is seeing some improvement in demand however extreme weather events such as floods and heavy rains have impact consumption and consumer offtake during the September quarter.

The company mentioned about 'disproportionately higher growth' in e-commerce and quick commerce along with modern trade in last few quarters, leading to increased inventory in the general channel, hurting distributors' RoI. As a result, Dabur said it will be correcting distributor inventory, at the cost of a dip in topline.

Due to this correction, Dabur will be posting a mid-single digit decline in the consolidated India revenue for the September quarter.

Dabur said its profitability will be affected in Q2FY25, and the operating margin is expected to fall in mid-to-high teens on account of higher investment and deleveraging.

The international business is expected to register double-digit constant currency growth in topline, Dabur's statement said, and especially the Badshah Masala business is poised to grow in double digit for the quarter.

Dabur added that its investment in distribution infrastructure will continue, and hopes to revive revenue growth from October onwards, helped by momentum in alternate channels.

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