Indices at previous closing
Nifty50: 17,532 ▼-86 (-0.4%
Sensex: 58,765 ▼-360 (-0.6%)
Nifty Bank: 37,225 ▼-199 (-0.5%)
For more updates on F&O, click here.
In the news
Two-wheeler sales plummet
In September 2021, two-wheeler sales continued to remain under pressure. Hero MotoCorp’s domestic sales for September 2021 saw a 26% fall as compared to September 2020. In the same period, Bajaj Auto saw a 11% fall, while TVS Motors reported a growth of 6%.
Supply chain challenges arising from the semiconductor shortage and rising commodity prices are among the key headwinds impacting the sector. However, the industry players expect a revival during the upcoming festive season. Shares of TVS Motors were up 3.2% higher on Friday, while Hero MotoCorp (0.4%) and Bajaj Auto (0.2%) were flat.
DMart’s revenue grows in Q2
In its Q2 update, Avenue Supermarts Ltd, which operates retail chain-DMart, reported a 46% increase in its standalone revenue from operations for the July-September quarter.
Its revenue from operations increased from ₹5,218 crore in the September quarter a year ago to ₹7,649 crore. Further, the sales are higher than that achieved in Q2 of the last three years. However , shares of DMart (0.1%) were flat on Friday but registered gains of 8% in the previous month.
NTPC’s big divestment drive
According to reports, the state-owned power company has chalked out a ₹15,000 crore divestment plan. This divestment plan includes the listing of its subsidiaries such as NTPC Renewable Energy, North Eastern Electric Power Corporation and NTPC Vidyut Vyapar Nigam.
Besides this, NTPC also plans to sell its stake in its joint venture with SAIL. Meanwhile, shares of NTPC were down 1.4% on Friday but have gained 22% in September.
Sectoral indices (October 1)
| Top gainers | Top losers |
| Nifty Pharma ▲ 0.8% |
Nifty Realty ▼ 1.5% |
| Nifty Media ▲ 0.7% |
Nifty IT ▼ 0.7% |
Global markets (at 7:55 am)
| Indices | Today's movement |
| SGX Nifty | ▲0.1% |
| Nikkei 225 (Japan) |
▼ 0.8% |
| Hang Seng (Hong Kong) |
▼ 1.7% |
| SSE Composite (China) | ▲0.9% |
| Dow Jones (US) (October 1) |
▲1.4% |
| NYSE (US) (October 1) |
▲1.1% |
| Nasdaq (US) (October 1) |
▲0.8% |
| S&P 500 (US) (October 1) |
▲1.1% |
Fact of the day
Hersheys, one of the world’s largest chocolate makers, launched its vegan chocolate bar last month.
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.
Download the Upstox App Today