Sensex, Nifty Close Little Changed After Nearing Record
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Sensex, Nifty Close Little Changed After Nearing Record
India's stock benchmarks closed little change as losses in information technology and pharma stocks offset the gains in auto, realty and banking stocks.
The S&P BSE Sensex closed largely unchanged at 60,077.88, a record close. The 30-stock index rose to a record 60,412.32 in intraday trade. The Nifty 50 closed flat at 17,855.10. Reliance Industries Ltd. contributed the most to the index gain, increasing 1.7% Maruti Suzuki India Ltd. had the largest increase, rising 6.5%. Today, 25 of 50 shares rose, while 25 fell.
The broader indices almost mirrored their larger peers with the S&P BSE MidCap closing unchanged and S&P BSE MidCap slipping 0.13%. Eleven of the 19 sectoral indices compiled by the BSE Ltd. advanced, with S&P BSE Auto index gaining over 3%. On the flipside, S&P BSE Information Technology index shed over 2.3%.
The market breadth was skewed neither in favour of bulls nor bears. About 1,643 stocks advanced, 1,704 declined and 189 remained unchanged.
Mahindra & Mahindra Shares Up The Most In Nearly 19 Weeks
Shares of Mahindra & Mahindra Ltd. rose 4.4% in intraday trade, the most in nearly 19 weeks, to Rs 813.75 apiece. Mahindra & Mahindra shares have risen for the fifth consecutive session.
Trading volume was triple the 20-day average for this time of the day.
The company trades at 21 times its estimated earnings per share for the coming year.
Analysts have 36 'buy', no 'hold' and five 'sell' recommendations on the stock.
Oil Rises Amid Energy Crunch
Brent futures climb 1.4% to $79 a barrel, while WTI futures hit $75 a barrel for the first time since July, amid an escalating energy crunch across Europe and now China.
Source: Bloomberg
CMR Green Technologies Seeks Approval For India IPO
CMR Green Technologies Ltd. seeks to raise as much as Rs 300 crore($40.7 million) selling new shares in an initial public offering, while its shareholders plan to sell as many as 33.4 million shares in an offer-for-sale as part of the IPO, according to its draft prospectus.
The metal recycler may consider a pre-IPO placement of as much as Rs 60 crore; new share sale in the IPO will be lower if the pre-IPO sale happens
ICICI Securities, Axis Capital and JM Financial are the banks managing the IPO
CMR Green Tech has 12 manufacturing facilities, of which 10 facilities undertake aluminum recycling operation
Equitas SFB Has 5.29 Million Shares Change Hands In Two Bunch Trades
Equitas Small Finance Bank Ltd. has 5.29 million shares change hands in two bunch trades.
Buyers and sellers are not immediately known
Source: Bloomberg
India Constitutes Ministerial Panel To Overhaul GST Rates: Bloomberg
India has set up a panel of state ministers to review the Goods and Services Tax in a bid to boost collections and overhaul the system.
The panel will be headed by Chief Minister of Karnataka Basavaraj Bommai and includes finance ministers of Kerala, Uttar Pradesh and West Bengal.
Merging of tax rate slabs and measures to rationalise the GST framework on the agenda.
Source: People With Knowledge Of The Matter
HCL Technologies Shares Slip The Most In 10 Months
Shares of HCL Technologies Ltd. shed 4.21% in intraday trade, the most in 10 months, to Rs 1,301 apiece in intraday trade.
Trading volume was 49% above the 20-day average for this time of the day.
HCL Tech trades at 26 times its estimated earnings per share for the coming year.
Analysts have 42 'buy', four 'hold' and three 'sell' recommendations on the stock.
India Stocks To Move In A Calibrated Manner After Sharp Rally: Nirmal Bang
60,000 is just a number, we are probably on this journey toward much higher levels over the long term.
In the very near term, the markets are a bit exuberant and the valuations are a little rich.
Girish Pai, Head of Research, Nirmal Bang Equities to Bloomberg TV
JK Cement On Track For Longest Losing Streak In Nearly Three Years
Shares of JK Cement Ltd. fell for the seventh straight day, on track for the longest losing streak since the period ended Oct. 11, 2018.
JK Cement has lost a total of 9.4% during the streak while the S&P BSE Sensex Index rose 1.7%. Today, the stock fell 1% to Rs 3,103.05 apiece in intraday trade.
Easy Trip Planners Announces $10 Million Agreement With InterGlobe Technology Quotient
Shares of Easy Trip Planners Ltd. rose 6.5% to Rs 631 apiece after the company announced agreement worth $10 million with InterGlobe Technology Quotient, a travel technology provider. The agreement pertains to the provision of access to InterGlobe Technology Quotient’s travel commerce platform – Travelport (1G). The two companies have collaborated since 2009
Amara Raja Batteries Climbs The Most In Eight Weeks; RSI Above 70
Shares of Amara Raja Batteries Ltd. rose 3.7% in intraday trade, the most in eight weeks, to Rs 763 apiece. Trading volume was five times the 20-day average for this time of the day.
Shares of Amara Raja Batteries crossed 100-day moving average in intraday trade, on high trading volume.
The relative strength index on the stock was above 70, indicating it may be overbought.
Analysts have 12 ‘buy’, five ‘hold’ and three ‘sell’ recommendations on the stock. The overall consensus price of analysts tracked by Bloomberg implied an upside of 14.8%.
NSE Nifty Auto Index Climbs 3%; Maruti Suzuki Shares Up 7%
Nucleus Software’s Offline Retail Payment Product PaySe Successfully Evaluated By RBI
Nucleus Software Exports Ltd. has announced that its offline retail payment product, PaySe has been successfully evaluated by RBI. PaySe’s offline payment solution was used to digitize the Self Help Group centered ecosystem and was tested for P2M (person to merchant) transactions in Tier 6 located between November 16, 2020 and February 15, 2021 by the central bank. In an exchange filing, Nucleus Software said that RBI stated that PaySe may be considered viable for wider adoption for rural masses.
The company has also approved buyback of 22.67 lakh equity shares, comprising of 7.81% of the total paid-up equity capital of the company, at Rs 700 each for an aggregate amount of Rs 158.71 crore.
Reliance Industries Hits Record High
Shares of Reliance Industries rose to a new record Rs 2,526 apiece in intraday trade
Reliance Industries’ market capitalization crossed Rs 17 lakh crore
Bosch Advances The Most In 15 Weeks, RSI Above 70
Shares of Bosch Ltd. rose 4.49% in intraday trade, the most in 15 weeks, to Rs 15,939.9 apiece. Trading volume on the stock was double the 20-day average for this time of the day. Bosch is among the top gainers in the S&P BSE Auto Index.
The relative strength index on the stock was above 70, indicating it may be overbought.
Bosch India trades at 39 times its estimated earnings per share for the coming year.
Of the seven analysts tracking the company, three maintained ‘buy’, two maintained ‘hold’ and two maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 0.3%.
IndusInd Bank Partners With Vistara On Co-Branded Credit Card
IndusInd Bank has announced partnership with Vistara to launch a co-branded credit card. The credit card named ‘Club Vistara IndusInd Bank Explorer’ empowers customers to travel to international destinations in a cashless manner and offers travel benefits including complimentary business class air ticket, Club Vistara Gold membership, lounge access at 600 airports globally and zero-foreign currency mark-up on international spends, IndusInd Bank said in an exchange filing.
Mid-Day Market Update: Sensex, Nifty Little Changed; Infosys Shares Lead Decline
India's stock benchmarks remained little changed, as gains in auto, banking and realty stocks were offset by losses in information technology and pharma stocks, as morning gains were pared in a volatile session.
The S&P BSE Sensex rose 0.1% to 60,116.27. The NSE Nifty 50 was little changed at 17,868.50. Infosys Ltd. contributed the most to the index decline, decreasing 2.1%. HCL Technologies Ltd. had the largest drop, falling 3.5%. In midday trading, 25 of 50 shares fell, while 25 rose.
The S&P BSE MidCap underperformed larger peers shedding 0.24% while S&P BSE SmallCap almost mirrored the benchmark indices trading largely unchanged. Ten of the 19 sectoral indices compiled by the BSE Ltd. declined, with S&P BSE Information Technology index shedding nearly 2%. On the flipside, the S&P BSE Auto index advanced over 2%
The market breadth was skewed in favour of bears. About 1,550 stocks advanced, 1,621 declined and 214 remained unchanged.
Supreme Court Defers Hearing SEBI's Petition On PNB Housing-Carlyle Deal To October 18
India’s Supreme Court deferred hearing a petition by market regulator Securities and Exchange Board of India against PNB Housing Finance Ltd.’s plan to raise Rs 4,000 crore ($543 million) from Carlyle Group Inc. to October 18.
PNB Housing’s lawyer urged the court to decide the case expeditiously saying the company needs to raise funds
S&P BSE Smallcap Index Almost Mirrors Larger Peers
S&P BSE Midcap Index Underperforms Larger Peers
Bank Of Baroda Has 1.36 Million Shares Change Hands In A Bunched Trade
Shares of Bank of Baroda rose over 2% to Rs 79.6 apiece, in intraday trade.
According to Bloomberg, Bank of Baroda had 1.36 million shares change hands in a bunched trade.
Details of buyers and sellers are not immediately known
Of the 36 analysts tracking the company, 27 maintained ‘buy’, six maintained ‘hold’ and three maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 22.8%
Hotel & Tourism Stocks Advance On Reopen Hopes
Shares of hotels and tourism companies like Indian Hotels Ltd. and Chalet Hotels Ltd. advanced as the Covid-curbs are being eased gradually across several states in the country.
Indian Hotels Co. shares rose nearly 10% to Rs 196.4 apiece. Trading volume was 3 times the 30-day average volume for this time of the day. The relative strength index on the stock was 78, suggesting it may be overbought.
Shares of Chalet Hotels Ltd. advanced over 13% to Rs 245 piece. Trading volume was 9.3 times the 30-day average volume for this time of the day. The relative strength index on the stock was 83, suggesting it may be overbought.
All The Constituents Of NSE Nifty Pharma Index Decline
Rupee Bonds Lower As Crude, U.S. Yields Rise
Indian bonds are lower on a spike in crude prices and U.S. yields. Traders are waiting on details of the fiscal second-half borrowing calendar due this week.
USD/INR steady at 73.63
10-year yields rose 2bps to 6.2%; 5-year yield up 2bps to 5.68%
Patel Engineering Advances Nearly 14% After Bagging Rs 1,251 Crore Hydro Electric Project In Sikkim
Shares of Patel Engineering Ltd. rose 13.90% in intraday trade, the most in nearly six weeks, to Rs 18.85 apiece after the company bagged an order worth Rs 1,251 crore for 500 Mega Watt Teesta-VI Hydro Electric project, Sikkim from Lanco Teesta Hydro Power Ltd, a wholly owned subsidiary of NHPC Ltd.
In an exchange filing, Patel Engineering said that the project included civil works for underground power house and transformer cavern in the hydro electric project in South Sikkim.
Equitas SFB Has 1.87 Million Shares Change Hands In Bunched Trade
Shares of Equitas Small Finance Bank Ltd. rose 2.62% to Rs 60.8 apiece in intraday trade.
1.87 million shares change hands in bunched trade.
Buyers and sellers are not known immediately.
Trading volume on the stock was 17.4 times the 30-day average volume for this time of the day.
Of the 12 analysts tracking the company, 11 maintained ‘buy’ and one maintained ‘hold’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 21.9%
Manali Petrochemicals Enters Into MoU With Econic Technologies To Introduce Environment Friendly Polyols
Shares of Manali Petrochemicals Ltd. hit 5% upper circuit to Rs 111.95 apiece, after the company entered into a MoU with Econic Technologies for introducing more environment friendly Carbon Dioxide containing polyols into the $28 billion global polyols market. Polyols are organic compounds used as sweeteners in food.
In an exchange filing, Manali Petrochemicals said that the memorandum of understanding pertained to the scale up of the company's catalyst technology to substitute fossil-based raw materials with captured waste Carbon Dioxide to produce polyols.
Trading volume was 5.6 times the 30-day average volume for this time of the day.
India Yields Mostly Higher
Most yields along the India sovereign yield curve rose, with 5-year bonds moving the most in Monday morning trading.
The 5-year yield rose 3bps to 5.68%
The 10-year yield rose 1.9bps to 6.2%
The 14-year yield rose 2.1bps to 6.715%
The 5-year-10-year yield spread was 52bps, vs previous close 53.1bps
All The Constituents Of NSE Nifty IT Index Decline
SJVN Advances The Most In 10 Weeks After Bagging Rs 5,500 Crore Project
Shares of SJVN Ltd. climbed over 5%, the most in 10 weeks to Rs 28.35 apiece after the company secured 1000 Mega Watt Solar PV Power Project worth Rs 5,500 crore. In an exchange filing post market hours Friday, SJVN said that it bagged the full quoted capacity of 1000 MW at a viability gap funding support of Rs 44.72 lakh per MW by Government of India.
The project, floated by Indian Renewable Energy Development Agency Ltd. (IREDA), is expected to generate 2,365 Mega Unit in first year. The cumulative energy generation over a period of 25 years would be about 55,062 MU. Mega Unit or MU is one million units of electricity in which one unit is equivalent to 1 Kilowatt hour.
The projects will aid SJVN to achieve its ambitious targets of 5000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040, respectively, besides significantly contributing to the renewable energy capacity addition target of 175 GW by 2022, set by Government of India.
Both the analysts tracking the company maintained ‘buy’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 16.4%.
Trading volume on the stock was 5.2 times the 30-day average volume for this time in the day. Shares of SJVN crossed 50-day simple moving average in intraday trade, indicating potential upward price momentum.
Coforge Shares Down The Most In Nearly 8 Weeks
Shares of Coforge Ltd fell nearly 5%, the steepest decline in almost eight weeks, to Rs 5,375 apiece.
Trading volume on the stock was almost the same as the 20-day average for this time of the day.
Coforge trades at 48 times its estimated earnings per share for the coming year.
Analysts have 16 'buy', six 'hold' and five 'sell' recommendations on the stock. The overall consensus price of analysts tracked by Bloomberg implied a downside of 7.7%
Auto Stocks Edge Higher; Tata Motors Up Nearly 4%
Realty Stocks Advance; Phoenix Mills Up Over 7.5%
Tech Stocks Decline; Mindtree Shares Down Nearly 4%
Zee Entertainment Shares Slip As Invesco Reiterates Demand For EGM To Replace The Company’s Board
Shares of Zee Entertainment Enterprises Ltd. shed over 5% to Rs 302 apiece after Invesco Developing Markets Fund reiterated its demand for an EGM to replace the company’s board, according to a letter seen by Bloomberg.
In its letter to Zee’s board dated September 23, Invesco renewed the demand to remove non-independent directors and appoint six additional independent directors to the board. Invesco had earlier sought the ouster of Zee Entertainment’s CEO Punit Goenka and two board members.
Invesco’s letter comes amid Sony Group Corp’s Indian unit signing a non-binding offer to buy Zee. The two companies have entered a period of 90 days for exclusive talking to arrive at a binding agreement.
Of the 23 analysts tracking the company, 18 maintained ‘buy’, four maintained ‘hold’ and one maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 13.8%.
PSU Banks Rise On Government's Push For Market Fundraising
Bank of Baroda leads rally in state-run lenders after India’s finance minister insisted they raise funds from markets instead of depending on the government for recapitalization.
Nifty PSU Bank Index climbs as much as 1.2% with 12 of the 13 members trading higher; benchmark Nifty 50 is up just 0.1%
Bank of Baroda rises as much as 2%, State Bank of India +1.3%, Canara Bank and Punjab National Bank rose over 1.2%
Biocon Shares Slip After U.S. FDA Issues Six Observations At Malaysia Subsidiary
Shares of Biocon Ltd shed over 2% to Rs 358.5 apiece after the company informed in an exchange filing Saturday that the U.S. Food and Drug Administration issued a Form 483 with a total of six observations across drug substance, drug product and devices facilities at Biocon’s Malaysian subsidiary Biocon Sdn. Bhd. U.S. FDA had conducted an on-site pre-approval inspection of the manufacturing facility for Insulin Aspart between September 13 and 14.
Biocon said that it is confident of addressing the observations through procedural enhancements within the stipulated time and stated that the outcome of the inspection would have not impact the commercialization plans for Insulin Aspart.
Of the 22 analysts tracking the company, 11 maintained ‘buy’, five maintained ‘hold’ and six maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 11.9%.
Piramal Enterprises Approves Up To Rs 400 Crore Bonds Private Placement
Piramal Enterprises Ltd. has approved the issuance of Secured, Rated, Listed, Redeemable, Principal Protects, Market-Linked non-convertible debentures on private placement basis.
The size of the issue will be up to Rs 200 crore along with an option to retain over subscription of up to Rs 200 crore, thereby aggregating to Rs 400 crore. The tenure of the instrument is 30 months and the coupon rate is 8% per annum. The coupon shall be linked to underlying reference on final observation date, Piramal Enterprises said in an exchange filing.
Shares of Piramal Enterprises Ltd. rose 2.11% to Rs 2,826 apiece. Of the six analysts tracking the company, five maintained ‘buy’ and one maintained ‘hold’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 1.4%.
United Breweries Shares Decline After CCI Imposes Penalty
Shares of United Breweries Ltd. declined over 3% to Rs 1,553.1 apiece after the competition commission of India passed an order against the company imposing a penalty of Rs 751.83 crore for alleged anti-competitive conduct in the beer market in India.
Besides United Breweries, CCI also penalized Carslberg India, All India Brewers’ Association and certain individuals. CCI found the companies engaged in price co-ordination in contravention with Competition Act, 2002.
United Breweries said it will evaluate filing an appeal after examing the CII order and finding grounds for appeal.
Of the 16 analysts tracking the company, 11 maintained ‘buy’, three maintained ‘hold’ and 2 maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 2.1%
Trading volume on the stock was 2.3 times the 30-day average volume for this time of the day.
NBCC Shares Climb 5% On Rs 968.5 Crore Maldives Order Win
Shares of NBCC India Ltd. rose over 5% to Rs 48.75 apiece after the company announced post market hours Friday that it bagged an order worth Rs 968.50 crore from Maldives.
The order pertains to the construction of 2000 social housing at Hulhumale on EPC basis.
Of the four analysts tracking the company, two maintained ‘hold’ and two maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 12%.
Trading volume on the stock was 6.7 times the 30-day average volume for this time of the day.
Godavari Biorefineries Seeks Regulatory Approval For India IPO
Godavari Biorefineries Ltd. seeks Sebi approval to raise as much as Rs 370 crore selling new shares, while its shareholders plan to sell up to 6.56 million shares in an initial public offering, according to its draft prospectus.
Selling shareholders include founders Samir Shantilal Somaiya and Somaiya Agencies Pvt. selling 500,000 shares each; investor Mandala Capital AG Ltd. offering up to 4.93 million shares
The Mumbai-based producer of ethanol and ethanol-based chemicals, sugar and power is considering a pre-IPO placement to raise Rs 100 crore; fresh share issue in the IPO will be lower if the pre-IPO sale happens
Equirus Capital and JM Financial will manage the issue
Inox Leisure, PVR Advance On Maharashtra Cinema Hall Reopen
Shares of film entertainment companies like PVR Ltd. and Inox Leisure Ltd advanced after Maharashtra Chief Minister said in a tweet that all cinema halls in the state will be allowed to open after October 22.
The move comes as part of the state’s measures to ease Covid curbs.
Inox Leisure rose 18.43% in intraday trade to Rs 413.9 apiece while PVR Ltd. added 10% to Rs 1,661.95 per share.
PVR best performer on Nifty Smallcap Index
Inox best performer on S&P BSE 500 Index
Mall operator Phoenix Mills Ltd. jumps as much as 9.1% to a record
Maharashtra will soon announce standard operating procedure for reopening of theaters and auditoriums, the state’s Chief Minister’s office says in a Twitter post
NSE Nifty Bank Index Hits A Record High
NSE Nifty Bank Index hits a record high of 38,190.25.
Nifty Bank Index had hit a previous record of 38,112.75 on September 17.
Opening Bell: Sensex, Nifty Open Higher; Banking Stocks Lead Advance
India's stock benchmarks opened higher, aided by gains in banking stocks, amid strong global cues as markets shrugged off concerns over Federal Reserve pullback in stimulus and the risks emanating from China’s Evergrande Group.
The S&P BSE Sensex rose 0.31% to 60,234.61. The NSE Nifty 50 also advanced by similar magnitude to 17,908.35. HDFC Bank Ltd. contributed the most to the index gain, increasing 1.6%. Oil & Natural Gas Corp. had the largest increase, rising 2.1%. In early trading, 30 of 50 shares rose, while 20 fell.
The broader indices almost mirrored their larger peers with the S&P BSE MidCap largely and S&P BSE SmallCap gaining over 0.3%. Sixteen of the 19 sectoral indices compiled by the BSE Ltd. advanced, with S&P BSE Auto adding over 1%
The market breadth was skewed in favour of bulls. About 1,586 stocks advanced, 657 declined and 138 remained unchanged.
In Focus: PSU Banks As Finance Minister Pushed Market Fund Raising
Shares of India’s state-run banks may move after Finance Minister Nirmala Sitharaman asked the lenders to raise funds from markets rather than depend on the government for recapitalization.
India will need more large lenders such as the State Bank of India to meet the challenges of the economy and industry, Sitharaman said at an event on Sunday
In Focus: State Bank of India, Union Bank of India, UCO Bank, Indian Overseas Bank, Bank of India, Canara Bank, Bank of Baroda, Indian Bank, Bank of Maharashtra
Rupee Bond Traders Await Details Of H2 Borrowings
Indian bond traders will look forward to details of the fiscal second-half borrowing calendar due this week. Sovereign bonds may open lower on a spike in crude prices and U.S. yields.
Officials from the Reserve Bank of India and the Finance Ministry are scheduled to meet Sept. 27 to decide on government’s borrowing program for second the half of fiscal year starting Oct. 1, people with the knowledge of the matter said.
India originally planned a debt sale of Rs 12.1 lakh crore ($164 billion) this year. It later announced raising an additional Rs 1.58 lakh crore to compensate states for a shortfall in a nationwide consumption tax collection, although it’s yet borrow that amount
USD/INR little changed at 73.6913 on Friday
10-year yields rose 4bps to 6.18% on Friday
RBI will buy Rs 15,000 crore of bonds as part of its GSAP on Sept. 30; will sell an equivalent amount of shorter paper due to current liquidity conditions
Global funds buy net Rs 442 crore of Indian stocks Friday: NSE
They bought Rs 390 crore of sovereign bonds under limits available to foreign investors, and added Rs 139 crore of corporate debt
SGX Nifty Hints At Gains; United Breweries, NBCC In Focus
Asian stocks edged up at the open on Monday with traders keeping an eye on China Evergrande Group’s debt crisis and after Treasury yields jumped. The euro was steady amid a close German election.
Shares had modest gains in Japan, where the ruling coalition chooses a new leader this week who will probably be the next prime minister. Australia also rose, while South Korea was little changed. U.S. futures advanced. The Nasdaq Golden Dragon China Index, which tracks some of the Asian nation’s largest firms listed in the U.S., sank on Friday. The S&P 500 edged up to eke out a weekly gain.
India’s SGX Nifty 50 Index futures for September delivery rose 0.6% to 17,957.00, while MSCI Asia Pacific Index gained 0.5%. The NSE Nifty 50 Index gained 0.2% on Friday to 17,853.20.
Investors are also be watching bond yields. Ten-year Treasury yields broke through the top of a range that’s held since mid-July, surpassing 1.40% after hawkish messages last week from the Federal Reserve and the Bank of England. The dollar slipped.
The euro pared an earlier gain versus the dollar as the German election failed to produce a clear winner, raising investor concerns of a prolonged decision on the leadership of Europe’s biggest economy. Olaf Scholz of the Social Democrats inched ahead of Chancellor Angela Merkel’s conservatives.
Bitcoin was stable around $43,000. Digital currencies plunged Friday as China intensified its push to rein in crypto speculation and mining, but recovered much of the drop over the weekend.
Back home, BPCL, LIC Housing, Ujjivan Small are among companies holding their annual shareholders’ meeting. Foreign investors bought net Rs 616 crore of stocks on Sept. 23, according to NSDL website.