Indices at previous closing
Nifty50: 17,748 ▼-106 (0.6%)
Sensex: 59,667 ▼-410 (-0.6%)
Nifty Bank: 37,945 ▼ -226 (-0.5%)
For more updates on F&O, click here.
In the news
BHEL jumps on a deal win
State-owned Bharat Heavy Electricals (BHEL) has bagged an order from Goa shipyard for super rapid gun mount (SRGM) for its warships.
The order from Goa shipyard involves supply, installations, and commissioning for the state-of-the-art weapon system which will be manufactured by the Haridwar unit of BHEL. Following the development, the shares of BHEL jumped almost 7%.
PSU stocks in demand
The BSECPSE or Central Public Sector Enterprises index hit its three-year high yesterday in the wake of the government’s plan to monetise state-owned assets and improvement in demand for commodities like oil and coal. This index consists of companies in which the government has more than 51% stake.
Shares of OIL India (+6.0%), Power Finance Corporation (+5.7%), Hindustan Petroleum (+5.5%), and Coal India (+4.2%) were some of the public sector companies that witnessed a sharp rally yesterday in an otherwise weak market.
Natural gas prices fly high
Europe’s natural gas shortage has spilled onto global energy markets and pushed natural gas prices higher. Yesterday, MCX natural gas prices rose over 12% on an intraday basis. They have risen over 40% so far this month.
Going ahead, as winter approaches, the demand for gas for heating purposes is expected to rise. Meanwhile, the constrained US gas production is also likely to keep supply tight and prices buoyant.
Taking a cue from the rally in gas prices, shares of ONGC (+1.4%) and Gail (+3.1%) saw buying interest
Sectoral indices (September 28)
| Top gainers | Top losers |
| Nifty Oil & Gas ▲ 1.3% |
Nifty Reality ▼ 3.0% |
| Nifty PSU Bank ▲ 1.2% |
Nifty IT ▼ 2.2% |
Global markets (at 8:00 am)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.5% |
| Nikkei 225 (Japan) |
▼ 2.5% |
| Hang Seng (Hong Kong) |
▼ 0.8% |
| SSE Composite (China) | ▼ 1.3% |
| Dow Jones (US) (September 28) |
▼ 1.6% |
| NYSE (US) (September 28) |
▼ 1.6% |
| Nasdaq (US) (September 28) |
▼ 2.8% |
| S&P 500 (US) (September 28) |
▼ 2.0% |
Fact of the day
In September 2001, the Dow Jones industrial average posted its largest weekly loss (14.3 percent) since July 1933.
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