Stock Exchange Live Updates: Sensex, Nifty make stable gains after RBI keeps repo rate the same at 6.5%, modifications position to neutral

SENSEX 82,176.44 + 541.63 NIFTY 25,202.90 + 189.75 CRUDEOIL 6,214.00 -30.00 SILVER 89,160.00 + 431.00 SENSEX 82,176.44 + 541.63 NIFTY 25,202.90 + 189.75 NIFTY 25,202.90 + 189.75 CRUDEOIL 6,214.00 -30.00 CRUDEOIL 6,214.00 -30.00 Home Markets Updated – October 09, 2024 at 12:10 PM. Sensex, Nifty, Share Prices LIVE: The RBI choice to keep policy rates on hold, while altering its position on rates to ‘neutral’ was on anticipated lines. Criteria indices Sensex and Nifty, which opened the session weakly favorable, have actually gone up because the RBI rate policy was revealed. At 11:25 am, Sensex was at 82,307.90, up 673.09 points or 0.82 percent firmer. Nifty was at 25,228.00, up 214.85 points or 0.86% percent firmer. The leading gainers on the Sensex were Bajaj Finance (up 3.09 percent), Tata Motors (2.72 percent), Bharti Airtel (2.69 percent), Axis Bank (2.67 percent) and SBIN (2.35 percent). The laggards were Nestle India (down 2.23 percent), ITC (1.20 percent), Hindustan Unilever (0.55 percent), HDFC Bank (0.08 percent). All the BSE sectoral indices with the exception of FMCG, remained in the green. The real estate and power indices were the leading gainers, spurting up over 2 percent, while capital products index acquired 1.91 percent. Business person go to arrow high return of stock exchange financial investment and wealth istock image for BL|Picture Credit: nespix tock Market Today|Share Market Live Updates – Find here all the live updates associated with Sensex, Nifty, BSE, NSE, share rates and Indian stock exchange for 9 October 2024 ALL UPDATES October 09, 2024 12:09 Stock market live updates today: Top gainers and losers on the NSE at 12 midday Top gainers: Shriram Finance (3.06%), Bajaj Finance (2.46%), Tata Motors (2.20%), Bharti Airtel (2.11%), Trent (2.10%) Top losers: Nestle India (-2.16%), ONGC (-1.36%), ITC (-1.18%), Britannia (-1.09%), Hindustan Unilever (-0.68%) October 09, 2024 12:08 Stock market live updates today: BSE picture at midday Of 3,896 stocks traded on the BSE at 12 midday on October 9, 2024, 2.882 advanced versus 901 stocks that decreased, and 113 stayed the same. While 160 stocks tape-recorded a 52-week high, 26 struck a 52-week low. An overall of 336 stocks sold the upper circuit, and 152 in the lower circuit. October 09, 2024 12:07 Stock market live updates today: Lakshmi Iyer, CEO– Investment & Strategy, Kotak Alternate Asset Managers Ltd RBI MPC alters policy position to neutral … Maidaan opens for a rate alleviating routine … With status quo on rates, the RBI MPC all chose a policy position modification to neutral. Plainly a pivot towards prospective rate alleviating action in the months ahead. The RBI has actually attempted to preserve a well balanced tone, which implies its not a considered that we see rate cut in December policy– appears like it will be more information reliant. With inflation well within RBI’s shapes, and development fumbling a little bit, the outlook on rates stay useful. We anticipate bond yields to relieve in the coming months and would continue to advise financiers to improve set earnings period. October 09, 2024 12:06 Stock market live updates today: Deepak Shenoy, Founder & CEO, Capitalmind “RBI chose to keep the policy rate the same on the back of possibly greater inflation moving forward due to a base result from in 2015, greater food rates worldwide, and geopolitical disputes. They have actually altered their position to “neutral” from the earlier one of withdrawal from lodging, which bodes well for future rate cuts. While the 10 year bond has actually responded by the yield falling by 7bps to 6.74%, the degree of the damage due to the base impact and near term food cost increases will identify the future strategy. The actions in the center east might likewise produce imbalances that will drive rate modifications by the RBI. Development forecasts stay strong at over 7% for FY 2025, and with surplus liquidity, there appears to be extremely couple of locations of tension. The policy has actually likewise enhanced RTGS/NEFT transfers by enabling banks to reveal the name of an account holder before a transfer is done, much like in UPI. This will lower the tension in bigger volume transfers.” October 09, 2024 12:05 Stock market live updates today: Glenmark Life Sciences board has actually authorized its name modification to “ALIVUS LIFE SCIENCES LIMITED”; GLS stock trades flat on NSE Glenmark Life Sciences stated ensuing to acquisition by Nirma Ltd, the board has actually authorized name modification from “GLENMARK LIFE SCIENCES LIMITED” to “ALIVUS LIFE SCIENCES LIMITED” GLS stock trades flat on the NSE at 1,210.05. October 09, 2024 12:02 Stock market live updates today: RBI doubles UPI deal limitation to 10,000 for function phone users In order to motivate larger adoption of UPI, RBI has actually chosen to boost the pre-transaction limitation to 10,000 from 5,000 for function phone users through UPI123 Pay. UPI 123PAY is an instantaneous payment system for function phone users who can utilize the Unified Payments Interface in a safe and safe way. Through UPI 123PAY, function phone users can carry out deals by calling an IVR (interactive voice reaction) number, app performance in function phones, missed out on call-based technique and likewise distance sound-based system. This center is now offered in 12 languages. October 09, 2024 11:43 Stock market live updates today: RITES shares rally 10.22% on the NSE to 331.05, on finalizing MoU with Etihad Rail October 09, 2024 11:43 Stock market live updates today: Mamaearth consolidates Meesho to magnify reach in Tier-3 and beyond; targets 100 crore ARR on platform; Honasa Consumer stock trades flat on NSE at 439.65 October 09, 2024 11:42 Stock market live updates today: RBI MPC quote from Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers In line with our expectations, the reserve bank, in its newest conference, kept rates the same by a bulk of 5 to 1, while the committee all chose to alter its position on liquidity to neutral. The Governor highlighted that while they have actually gotten higher self-confidence in attaining the last of disinflation, they will stay concentrated on the inflation target while supporting development. This comes as the RBI continues to reveal self-confidence in India’s development potential customers, keeping the yearly GDP development projection the same, regardless of modifying its Q2 FY25 forecast lower from 7.2% to 7%. On the inflation front, the reserve bank once again kept its full-year projection the same at 4.5%, however modified its Q2 anticipated lower to 4.1% from 4.4%. It highlighted that the beneficial base results, which brought inflation lower in June-August 2024, would be reversed in September 2024, while greater food inflation momentum would likewise press heading inflation greater in the near term. Much better Kharif sowing, greater tank levels, and enhanced soil wetness indicate that rabi sowing is likewise most likely to enhance, leading to lower food inflation towards the end of the present financial year. While the general outlook for both inflation and development stays favorable, upside threats are emerging from progressing geopolitical stress in the Middle East, along with unanticipated weather condition shifts– both of which are tail dangers that the reserve bank continues to keep track of. The enhanced balance in between development and inflation has actually called for a modification in the position from limiting to neutral. * Our Take: * As highlighted in our sneak peek note, the modification in position was anticipated. This indicates the start of a relieving cycle, however as Governor Das stressed, while the inflation “horse” has actually been revived into the steady, the reserve bank will beware in opening evictions, lest the horse jumps out once again. The most recent set of development and inflation forecasts from the RBI recommend they are positive that development will sustain. Integrated with the boost in the Q3 FY24 inflation forecast, this indicates they want to preserve the existing position and might wait to see more inflation decreases later on in the. Our company believe that if macro indications continue to stay weak through October-December 2024, the possibility of a rate cut in December 2024 will increase. If development chooses up– now that the monsoon season is over and federal government costs resumes– the main bank might wait up until February 2025 before cutting rates. October 09, 2024 11:40 Stock market live updates today: Trent problems information on news products associated with Zudio charm, and the launch of a jewellery variety Trent has actually provided explanation with concerns to a news products associated with Zudio appeal, and the launch of a jewellery variety. The business “has an existence in the charm and individual care classification through associated offerings in existing Westside and Zudio shops. The stated portfolio is extended through choose Zudio appeal shops on a pilot basis.” “Related to launch of a jewellery variety, we want to notify that the business provides its offerings in Westside through numerous own brand names. Westside currently has existence in the style and way of life devices classification. The stated portfolio is extended by launch of the POME jewellery in choose shops. The very same is likewise a pilot, constant with our articulated technique for Westside.” Trent shares climbed up 2.50% on the NSE to 8,242.65. October 09, 2024 11:38 Stock market live updates today: Ecofy consolidates TVS Motor Company to improve electrical 3-wheeler adoption and promote sustainable movement. TVS Motor Company stock increased 2.02% on the NSE to 2,795.80. October 09, 2024 11:12 Stock market live updates today: Tata Technologies, BMW Group launch joint endeavor, BMW TechWorks India; shares increase 1.38% on NSE Tata Technologies and BMW Group on Tuesday revealed the main launch of their joint endeavor, BMW TechWorks India, which will innovate automobile software application, consisting of software application specified cars (SDV) and digital change options for service IT. Shares increases 1.38% on the NSE to 1,058.40. October 09, 2024 11:11 Stock market live updates today: Ola Electric Mobility shares acquire 2.36% on the NSE to trade at 97.66 October 09, 2024 11:10 Stock market live updates today: Sensex climbed up 617.02 points or 0.76% to 82,251.83 as at 10.52 am, and Nifty 50 increased 194.05 points or 0.78% to trade at 25,207.20. October 09, 2024 11:10 Stock market live updates today: IRB Infrastructure shares up 1.99% on the NSE to 60.08. Business had actually published a 19 percent year-on increase in its toll profits to 502 crore in September. October 09, 2024 11:09 Stock market live updates today: Nifty forecast today– October 9, 2024: Index may value from here, purchase futures The Nifty 50 started today’s session greater at 25,066 versus the other day’s close of 25,013. It inched up after opening and is now at 25,130, up 0.5 percent. The advances/ decreases ratio of the benchmark index presently stands at 34/16, a bullish indication. Shriram Finance, up 4 percent, is the leading gainer, whereas Nestle India, down 4 percent, is the leading loser. In line with Nifty 50, the mid and small-cap indices have actually valued up until now today. Many of the sectors are in the green. Nifty Realty, up 2.2 percent, is the leading sector, whereas Nifty FMCG, down almost 0.8 percent, is the weakest. Learn more October 09, 2024 10:41 Stock market live updates today: Premier Energies International, arm of Premier Energies, inks pact with BN Hybrid Power-1 for the supply of solar modules; Premier Energies stock up on NSE Premier Energies International, subsidiary of Premier Energies, has actually participated in a Module Supply Agreement (MSA) with BN Hybrid Power-1 for the supply of 173.35 MWp of solar modules including the current Topcon innovation. Premier Energies stock is up 1.16% to 1,026.10 on the NSE October 09, 2024 10:37 Stock market live updates today: Torrent Power protects Maharashtra federal government agreement to provide 2,000 MW energy storage capability from its plant in the state; shares rise 6.84% on NSE to 1,940.85 October 09, 2024 10:30 Stock market live updates today: Kalpataru Projects inks pact to offer its whole stake in Vindhyachal Expressway to Actis Atlantic Holdings; shares up 1.45% on NSE Kalpataru Projects International has actually participated in a conclusive contract( s) for sale of its whole 100% stake in Vindhyachal Expressway Pvt Ltd (a wholly-owned subsidiary) to Actis Atlantic Holdings Ltd. KPIL shares up 1.45% on the NSE to 1,342.75. October 09, 2024 10:28 Stock market live updates today: Mahindra Logistics board authorizes financial investment in equity shares of MLL Express Services; Mahindra Logistics stock gains on NSE Mahindra Logistics board has actually authorized financial investment in the equity shares of MLL Express Services Pvt Ltd (” MESPL”), wholly-owned subsidiary of the business, approximately a quantity not surpassing Rs. 50 crore by method of membership to rights problem by MESPL of as much as 5,00,00,000 equity shares of Rs. 10 each, at par. The total of the concern rate will be payable on application in money. The Mahindra Logistics stock increased 2.61% on the NSE to 492.70 October 09, 2024 10:26 Stock market live updates today: Tata Motors share rate up 2%: Track the Tata Motors share rate live here October 09, 2024 10:25 Stock market live updates today: Suresh Darak, Founder, Bondbazaar “The current addition of India in the FTSE Russell Emerging Markets Bond Index, following its earlier addition to the JP Morgan Index, marks a series of transformative advancements for the nation. These are considerable turning points that will have a long-lasting influence on India’s financial landscape”. “One of the main benefits is the increased need for federal government bonds, offering the federal government with more versatility to raise funds. This might enable India to broaden its financial deficit and fund important capital investment, specifically throughout financial downturns. This addition will assist enhance the capital account surplus, making sure a consistent inflow of foreign currency into India. This, in turn, brings stability to the Indian rupee, which is essential for both the equity and bond markets”. “A steady currency is advantageous for the equity market due to the fact that it minimizes the foreign financiers’ anticipated returns. If currency devaluation reduces from 4% to 2%, foreign institutional financiers (FIIs) would decrease their return expectations by 2%, possibly driving a rally in the stock market. The exact same reasoning uses to the business bond market, where FIIs might increase their financial investments as currency stability maintains their returns”. “Overall, these advancements are extremely favorable from a long-lasting viewpoint, reinforcing the federal government’s capability to support development in times of difficulty. This is a substantial increase to India’s monetary and financial potential customers”. October 09, 2024 10:02 Stock market live updates today: RBI keeps repo rate the same at 6.5%, modifications position to neutral October 09, 2024 09:58 Stock market live updates today: CCI clears JM Financial’s suggested acquisition of stake in JM Financial Credit Solutions; JM Financial increases 3.33% on NSE JM Financial increases 3.33% on the NSE to 141.91. CCI has actually cleared JM Financial’s suggested acquisition of a 43 percent stake in JM Financial Credit Solutions Ltd, an RBI-registered systemically essential non-deposit-taking non-banking financing business (NBFC). October 09, 2024 09:56 Stock market live updates today: Varun Beverages authorizes fund-raise by method of issuance of Equity Shares for an aggregate quantity not going beyond 7,500 crore. VBL shares increase 1.15% on NSE to 596.8 October 09, 2024 09:54 Stock market live updates today: Sensex, Nifty open greater ahead of RBI MPC’s repo rate choice Stock market opened higher on Wednesday ahead of the Reserve Bank of India’s policy conference, at which the reserve bank is anticipated to stand pat on rate of interest. The Nifty 50 index was up 0.21 percent at 25,065.8 points since 9:15 a.m., while the S&P BSE Sensex included 0.39 percent to 81,954.58. The RBI is anticipated to keep essential policy rates the same for a tenth successive conference in the middle of inflationary pressures, however the reserve bank’s hawkish ‘withdrawal of lodging’ policy position and remarks will be under examination. October 09, 2024 09:51 Stock market live updates today: RBI MPC not likely to alter rates, might alter position to neutral: Economists The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) conference today, with Governor Shaktikanta Das anticipated to reveal the reserve bank’s choice on policy rates. The conference, which started on October 7, has actually gathered considerable attention, as the RBI has actually preserved the repo rate at 6.50 percent for the previous 9 successive conferences, embracing a careful position to stabilize inflationary worry about the requirement for financial development. Find out more October 09, 2024 09:50 Stock market live updates today: Mahindra South East Asia integrated in Thailand as a subsidiary of Mahindra Overseas Investment Company (Mauritius) Mahindra South East Asia Ltd has actually been included in Thailand as a subsidiary of Mahindra Overseas Investment Company (Mauritius) Ltd. (“MOICML”), which in turn is a wholly-owned subsidiary of Mahindra & Mahindra. M&M shares trade flat on the NSE at 3,174.20 October 09, 2024 09:49 Stock market live updates today: Ajmera Realty reports 254 crore in sales, 20% y-o-y increase in collections in Q2FY25; shares get 2.54% on the NSE to 649.10 October 09, 2024 09:48 Stock market live updates today: RITES & Etihad Rail indication MoU for rail infra operates in UAE Stock leapt 7.54% to 323 on the NSE October 09, 2024 09:48 Stock market live updates today: Alembic Pharmaceuticals finishes USFDA evaluation for its oncology center; shares get on NSE Alembic Pharmaceuticals has actually finished the United States Food and Drug Administration (USFDA) examination for its Oncology (Injectable and Oral Solid) Formulation Facility (F-2) situated at Panelav. The assessment was finished with no Form 483 observation. Shares climb 3.17% to 1,286.40 on the NSE. October 09, 2024 09:46 Stock market live updates today: KPIT Technologies obtains extra 13% shareholding in N-Dream KPIT Technologies has actually obtained stated extra 13% shareholding in N-Dream for money factor to consider as listed below post conclusion of all closing conditions: Euro 2.3 million as main financial investment and Euro 0.7 million as secondary financial investment Shares increase 1.18% on the NSE to 1,734.25. October 09, 2024 09:45 Stock market live updates today: Arvind SmartSpaces indications brand-new domestic house job in Bengaluru Arvind SmartSpaces Ltd (ASL) has actually signed a brand-new domestic apartment or condo task in Bengaluru, with an overall approximated salable location of ~ 4.2 lakh sq. ft. and a top-line capacity of 600 crore. This job lies on ITPL Road, near Whitefield, Bengaluru. The task has actually been carried out on joint advancement basis. The Arvind SmartSpaces stock trades at 818 on the NSE, greater by 3.02%. October 09, 2024 09:44 Stock market live updates today: Top gainers and losers on the NSE as at 9.30 am Top gainers: Shriram Finance (2.85%), BPCL (2.32%), Tata Motors (2.28%), Bajaj Finance (1.94%), Tech Mahindra (1.81%) Top losers: ONGC (-1.81%), Britannia (-0.88%), ITC (-0.79%), HDFC Bank (-0.79%), HDFC Bank (-0.75%), Nestle India (-0.69%) October 09, 2024 09:43 Stock market live updates today: Crude oil futures trade greater Crude oil futures traded greater on Wednesday early morning after experiencing more than 4 percent fall on Tuesday. Reports of a boost in unrefined oil stocks in the United States restricted the gains. At 9.17 am on Wednesday, December Brent oil futures were at $77.45, up by 0.35 percent, and November petroleum futures on WTI (West Texas Intermediate) were at $73.74, up by 0.23 percent. October petroleum futures were trading at 6200 on Multi Commodity Exchange (MCX) throughout the preliminary hour of trading on Wednesday versus the previous close of 6244, down by 0.70 percent, and November futures were trading at 6168 versus the previous close of 6208, down by 0.64 percent. October 09, 2024 09:43 Stock market live updates today: Advisory on IDFC futures and choices (all expirations) IDFC futures and alternatives (all expirations) will disappear from tomorrow. The agreements will be settled physically according to today’s closing. You are asked for to close employment opportunities by 12 midday today to prevent any RMS actions October 09, 2024 09:41 Stock market live updates today: Emkay on Escorts Upgrade to BUY, TP Rs 4700/sh Valued at 30x Sep-26E PE + Rs320 cash/sh Recently-concluded monsoons raises outlook for upcoming crop cycles Industry base turning beneficial Kubota’s intent to increase sourcing from India essential mid-to-long term motorist October 09, 2024 09:41 Stock market live updates today: Nomura on SBI Buy, TP Rs 980 Time to return onboard; leading sector choice SBI must continue to provide well on property quality Relatively well-placed in the middle of both harder deposit conditions & prospective rate cuts Attractive assessments at 1x FY26F P/BV (6.7 x P/E) October 09, 2024 09:40 Stock market live updates today: Emkay on Escorts Upgrade to BUY, TP Rs 4700/sh Valued at 30x Sep-26E PE + Rs320 cash/sh Recently-concluded monsoons raises outlook for upcoming crop cycles Industry base turning beneficial Kubota’s intent to increase sourcing from India crucial mid-to-long term motorist October 09, 2024 09:39 Stock market live updates today: ACTION FOR DAY Last date for trading- IDFC Ltd. – last day of trading before merger India: MPC policy result (Unchanged Expectations) United States FOMC Minutes IRB Infra, Varun Beverages, Fortis Healthcare board to mull fundraising Vedanta board fulfill for interim dividend October 09, 2024 09:39 Stock market live updates today: Brokerage suggestions Citi on Divis Lab: Initiate Buy on Company, target cost at Rs 6400/Sh (Positive) CLSA on Bharti Airtel: Maintain Outperform on Company, target rate at Rs 1820/Sh (Positive) CLSA on Ashok Ley: Maintain Underperform on Company, target rate at Rs 188/Sh (Neutral) October 09, 2024 09:39 Stock market live updates today: APL Ltd has actually finished the UUSFDA examination for its Oncology Formulation Facility at Panelav with no Form 483 observation (Supportive for stock rates) October 09, 2024 09:38 Stock market live updates today: VEDANTA SAID DUE TO UNFORESEEN CIRCUMSTANCES, THE BOARD MEETING IS RESCHEDULED TO BE HELD ON OCT 09 October 09, 2024 09:37 Stock market live updates today: Q2FY25 Important Result Calendar Thursday, 10 October, 2024 (Tomorrow) Derivative Segment – TCS Limited Cash Segment – Anand Rathi Wealth Ltd. – IREDA – Tata Elxsi Ltd. Friday, 11 October, 2024 Derivative Segme
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