Stock Market Today: GIFT Nifty index on the NSE IX traded 45 points, lower at 19,687.50, indicating that Dalal Street will have a good Monday. Nifty developed a reasonable negative candle with an upper shadow on the daily chart and a long bear candle on the weekly scale after finishing Friday’s session 68 points weaker. After the Bank of Japan and Governor Kazuo Ueda dashed hopes of any impending shift away from its stern, ultra-loose monetary policy, the yen on Monday came dangerously near to the widely watched 150 to the dollar level and had traders on intervention alert.
Tokyo stocks opened higher; Rupee rises
After falling last week, Tokyo equities began higher on Monday as investors looked for bargains.The broader Topix index rose 0.25 percent, or 5.83 points, to 2,382.10 while the benchmark Nikkei 225 index up 0.35 percent, or 113.53 points, to 32,515.94 in early trading.
On Friday, the rupee strengthened by 19 paise to 82.94 against the US dollar as investors’ confidence increased as a result of India’s inclusion in the JP Morgan bond index.
Stock Market Today: Stocks in focus
Bajaj Finance
The board will meet on 5 October to discuss the suggestion to raise money using a QIP (Qualified Institutional Placement) strategy.
LIC
The Bihar Additional Commissioner has issued an order to the insurer demanding GST as well as interest and penalties totaling Rs 290.50 crore.
Shree Renuka Sugars
To purchase a 100% stake in the Uttar Pradesh-based Anamika Sugar Mills for a cash payment of Rs 235.50 crore and to invest up to Rs 110 crore in the latter company.
Ambuja Cements
To increase business, the Adani-sponsored company established three fully-owned subsidiaries: Lotis IFSC, Ambuja Concrete North, and Ambuja Concrete West.
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