NIFTY50: 19,653 ▲ 107 (+0.5%)
SENSEX: 65,995 ▲ 364 (+0.5%)
- Benchmark indices closed higher, after RBI maintained status quo on rates
- In all, 39 of the NIFTY50 stocks closed in the green
- Malaysian palm oil futures fell to the lowest level in 15 weeks amid lower demand from India and China.
Among the NIFTY sectoral indices, Realty (+3.0%) and Pharma (+0.7%) were the top gainers, while Media (-0.02%) remained flat.
What's Up
| Top gainers | Today's change |
| Bajaj Finserv | 1,629 ▲ 86 (+5.6%) |
| Bajaj Finance | 8,150 ▲ 299 (+3.8%) |
| Titan | 3,305 ▲ 88 (+2.7%) |
What's Down
| Top losers | Today's change |
| HUL | 2,499 ▼ 19 (-0.7%) |
| Coal India | 287 ▼ 1.8 (-0.6%) |
| ONGC | 181 ▼ 0.7 (-0.3%) |
Market Sentiment
| India VIX | 10.3 ▼ 0.64 (-5.8%) |
| NIFTY MIDCAP 100 | 40,284 ▲ 238 (+0.6%) |
| NIFTY SMALLCAP 100 | 12,837 ▲ 101 (+0.8%) |
| USD-INR | 83.19 ▼ 0.15 (-0.1%) |
Stock Buzz
⭐ RBI keeps repo rate unchanged
The RBI Monetary Policy Committee kept the repo rate unchanged at 6.5% for the fourth consecutive time. Following the announcement, the market reacted positively as the policy outcome was in line with expectations. Rate-sensitive sectors such as banking, automobile, and real estate closed in the green, with NIFTY Realty rising more than 3% today.
⭐ FMCG stocks slip after Q2 update
Dabur India expects its consolidated revenue to grow in single digits in the September quarter as it expects a slow and gradual recovery in FMCG consumption. Its shares closed 0.5% lower today. During the same period, Adani Wilmar’s overall volume grew by 11% YoY. However, its sales in value declined by 13% YoY due to lower edible oil prices globally and local prices being pressured by imports. The stock closed 0.5% lower today.
⭐ Indigo adds new charge to offset rising ATF prices
Shares of the airline operator closed 2.2% higher today after it introduced fuel charges on domestic and international flights. This new charge will range from ₹300 to ₹1,000 to offset the impact of rising aviation turbine fuel (ATF) prices. Since August 2023, domestic ATF fuel prices have surged over 27%.
⭐ Zydus Lifesciences gets USFDA nod
The drugmaker has received USFDA approval for its Sugammadex injection, a post-surgery drug. This injection will be manufactured at the company's Vadodara facility. As per IQVIA, this drug had annual sales of $986 million in the US market. The company’s shares closed flat today.
⭐ Kalyan Jewellers jumps on Q2 business update
Shares of Kalyan Jewellers rose by 9.7% after reporting a robust Q2 business update. The company saw revenue growth of 27% YoY for the September quarter. This comes on the back of increased consumer footfall as well as growth in same-store sales. During the same period, the company added 13 new showrooms and plans to launch 26 more showrooms in the next 40 days.
IPO Corner
⭐Shares of Valiant Laboratories listed at a premium of 16% over the issue price. The drug maker stock started trading at ₹162 per share on the NSE, well above the issue price of ₹140.
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