The Indian equity indices opened on a higher note on September 29 with Nifty around 19,600. The Sensex was up 175.37 points or 0.27% at 65,683.69, and the Nifty was up 60.90 points or 0.31% at 19,584.40.
Also read: Nikhil Kamath-Backed Third Wave Coffee Raises $35 Million From Creaegis; Details Here
Hindalco Industries, NTPC, Tata Steel, Divis Labs and JSW Steel were among major gainers on the Nifty, while losers were Tech Mahindra, Asian Paints, IndusInd Bank, Power Grid Corp and Infosys.
The Indian indices witnessed a bloodbath on Dalal Street on Thursday’s trading session with Sensex was down 610.37 points or 0.92% at 65,508.32, and the Nifty was down 193.00 points or 0.98% at 19,523.50.
Moreover, yesterday’s session not only concluded the trading day but also marked the end of the September F&O series. Nifty managed to recover from its losses in the previous F&O series, concluding with a 1.5% increase compared to the prior series. The Nifty bank also showed positive momentum, posting nearly a 1% gain, while the midcap index continued to outperform, achieving an impressive 3% gain throughout the September F&O series.
On the other hand, Indian Rupee opened marginally higher at 83.13 per dollar against previous close of 83.18.
Top stocks to watch out today —
Sun Pharma
The pharma company is looking to acquire the remaining 25% stake in the Mexico arm for $161.8 million.
Glenmark Pharma
Crisil keeps long-term Rtg BK facilities on ‘Rtg Watch W/+ve Implications’.
Chola Finance
The company to remain in focus today as it announced fundraising via QIP and CCDs.
Emami
The company has forayed into the juice category and has reportedly acquired a 26% stake in Axiom Ayurveda.
Also read: Adani Power Promoter Entities Acquire 2.2% Stake In Company Through Open Market
TVS Supply Chain
The company is looking to sell 4.5% stake in TVSLIP for Rs 5.13 crore to Lingotto opportunity.