Indices at previous closing
Nifty50: 17,855 ▲+1 (+0.01%)
Sensex: 60,077 ▲+29 (+0.04%)
Nifty Bank: 38,171 ▲+340.95 (0.9%)
For more updates on F&O, click here.
In the news
Semiconductor shortage to ease soon
Industry experts believe that chip shortage, which crippled automotive production, is at the peak currently. However, the supply could ease off a bit from January 2022 and is expected to further ease in the second half of 2022.
Meanwhile, shares of Indian automotive majors such as Maruti Suzuki (+6.4%), Tata Motors (+4.1%) and M&M (+4.3%) saw strong buying interest yesterday ahead of the upcoming festive season. In fact these stocks were the top gainers in the Nifty50 pack yesterday.
NBCC bags its biggest overseas deal
State-owned construction company, NBCC has bagged a ₹968 crore contract for construction of 2,000 social housing units in Maldives. Reportedly, this is the biggest overseas project for the company.
The project will span over 7.2 acre and is expected to be completed over a period of 900 days. Yesterday, the shares of NBCC were up by 2.1% and they have gained over 7% this month.
Crude oil rises on supply issues
US crude oil prices rose for the fifth straight day yesterday and rose above $75 mark. The supply issues coupled with the rising demand lead to prices hitting two month high.
Oil demand has revived post the second wave. Further, the US oil inventories are at two year low due to hurricane-caused supply chain issues.
Sectoral indices (September 27)
| Top gainers | Top losers |
| Nifty Auto ▲ 3.2% | Nifty IT ▼ 2.8% |
| Nifty Realty ▲ 2.9% | Nifty Pharma ▼ 1.2% |
Global markets (at 8:00 am)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.1% |
| Nikkei 225 (Japan) | ▼ 0.4% |
| Hang Seng (Hong Kong) | ▲ 1.1% |
| SSE Composite (China) | ▲ 0.2% |
| Dow Jones (US) (September 27) | ▲ 0.2% |
| NYSE (US) (September 27) | ▲ 0.3% |
| Nasdaq (US) (September 27) | ▼ 0.5% |
| S&P 500 (US) (September 27) | ▼ 0.2% |
Fact of the day
Unified Payments Interface now accounts for 10% of all retail payments in India. A record 22.3 billion transactions were completed on the platform.
Yay 👍 or Nay 👎?
We'd love your thoughts on this morning update.
If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.
To catch our latest educational videos, join our Telegram channel here.
Disclosures and Disclaimer
Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.