Nifty, Sensex Today| Stock Market Today: HSBC Asia Strategy – Herald Van Der Linde

  • India now appears attractive on a regional basis

  • Upgrade to Overweight from Neutral; Sensex target at 94,000

  • Local investors have remained resilient

  • Earnings growth expectations can fall a little further

  • Valuations are no longer a concern

  • Government policy is becoming a positive factor for equities

  • Most foreign funds are lightly positioned

H-1B Visa: US Government Proposes Weighted Selection Framework

In a major development, the US government has proposed sweeping changes to the H-1B visa programme, aiming to do away with the traditional lottery system in order to accommodate a weighted-selection process that prioritises higher-skilled and higher-paid foreign workers.

This comes on the back of US President Donald Trump’s recent move to levy a $100,000 one-time fee for fresh H-1B visa petitioners. The move was made to tighten restrictions around the H-1B visa programme and promote ‘American workers’.

Stock Market Today: Swiggy Shares In Focus After Instamart Separation, Rapido Exit

Shares of Swiggy will be in focus on Wednesday after the board approved to separate quick commerce business ‘Instamart’ through a slump sale and the fully divest its stake in Rapido to Prosus and WestBridge for a total consideration of Rs 2,400 crore.

The board approved the slump sale of the Instamart on Sept. 23 to Swiggy Instamart, an indirect step-down wholly-owned subsidiary of the company.

BMW Ventures IPO: Check Price Band, Financials, Use Of Proceeds And Other Details

BMW Ventures Ltd.’s initial public offering to raise up to Rs 231.66 crore will open on Wednesday, Sept. 24 and close on Friday, Sept. 26. The price band has been set at Rs 94 to Rs 99 per share.

The Bihar-based company’s IPO will comprise only a fresh issue of 2.34 crore equity shares, with no offer for sale component. The market capitalisation based on the upper price band of BMW Ventures is Rs 858.48 crore.

Stock Market LIVE: F&O Cues

  • Nifty Sep futures is down by 0.10% to 25,252 at a premium of 83 points.

  • Nifty Sep futures open interest down by 2.70%.

  • Nifty Options 30th Sep Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.     

  • Securities in ban period: RBL Bank, Sammaan Capital, HFCL

Five Personal Loan Myths That You Need To Stop Following

Personal loans are one of the most popular financial tools nowadays. Whether it’s for home renovation, medical emergencies, travel, or even debt consolidation, they provide quick access to funds without requiring collateral. 

Yet, despite their convenience, many people hesitate to apply for personal loans because of myths and misconceptions. Some think getting a loan is difficult, while others worry it will hurt their credit score. 

Stock Market Today LIVE: Watch India Market Open At NDTV Profit 

IPO News: Saatvik Green Energy IPO Allotment And GMP In Focus Today

The initial public offering (IPO) of Saatvik Green Energy was subscribed 6.57 times on the third and final day of bidding on September 23.

The issue received bids for 9,38,08,672 shares against 1,42,71,970 offered.

The Qualified Institutional Buyers (QIBs) booked the issue 10.84 times. The Non-Institutional Investors’ (NIIs) category was subscribed 10.04 times. Retail investors booked their quota 2.66 times. 

Stock Market Today|Stock Market LIVE: GIFT Nifty Indicates Slight Lower Open

The GIFT Nifty was trading 0.10% or 26 points lower at 25,190 as of 7:57 a.m., which indicated a slight lower open for the benchmark NSE Nifty 50 index.

Stock Market LIVE: Nifty Sees Immediate Resistance At 25,500–25,600

The NSE Nifty 50 ended lower for the second straight session on Monday with investor sentiment cautious amid concerns over currency depreciation, foreign institutional investor outflows, and global policy uncertainties, according to analysts.

The benchmark, which closed 0.13% lower at 25,169.50, formed a second consecutive high wave candle with a lower high and lower low in the daily chart, Bajaj Broking said. “The Nifty on expected lines is seen consolidating in a range for the third session in a row. We expect it to extend the same and trade in the range of 25,500–25,000 in the coming sessions.”

Stock Market Today| Experts’ View: Investors Remain Cautious On External Volatility 

Expert’s View On Rupee: RBI Appears To Allow Weakening

India-US Trade Deal: Piyush Goyal’s New York Meeting ‘Went Well’, Further Talks Likely

Union Commerce Minister Piyush Goyal’s trade talk meeting in New York on Monday went “well”, NDTV sources confirmed. They added that further meetings could be potentially expected while Commerce Minister is in the US.

Sources also expressed optimism about reaching a bilateral trade deal with the US in the fall, despite the slew of summer hurdles and additional tariff complications introduced by President Donald Trump.

Stock Market LIVE| Stock Market News: EID Parry Dissolves Alimtec S.A.

E.I.D. Parry India Ltd. dissolved and sold assets of arm Alimtec S.A. The arm has no contributrion to company’s revenue and income.

Nifty Sensex Today| Stock Market News: Prime Focus Allots 18.8 Crore Shares At Rs 120 Per Share  

Prime Focus’s board allotted 18.8 crore shares at Rs 120 apiece issue price on a preferential basis. It acquires 12.53% stake in Luxembourg’s DNEG.

Stock Market News: Govt Denies Vedanta’s Application To Extend Production Sharing Contract

Vedanta clarified that the government denied application for extension of production sharing contract of block CB-OS/2. The company is engaging with respective authorities, evaluating resources available to resolve concerns.

Vedanta clarified on reports of government denying extensions for Cambay Basin oil block, the company said in the exchange filing.

Jain Resources Recycling Raises Rs 562 Crore From Anchor Investors Prior To IPO Launch

Jain Resource Recycling Ltd. has raised Rs 562.5 crore from anchor investors on Tuesday, ahead of its initial public offering. The company allotted 2.42 crore shares at Rs 232 apiece to 40 anchor investors.

Goldman Sachs Funds- Goldman Sachs India Equity Portfolio got the highest allocation of 10.67%. Axis Mutual Fund Trustee Ltd.’s fund got the second highest allotment of 9.60% and HDFC Mutual Fund- HDFC Manufacturing Fund got 8.89% stake in the company.

Oil Prices Rise For Second Day On Geopolitical Tension, Supply Concern

Oil prices rose for a second session on Wednesday after US President Donald Trump continue his rhetoric on Russia and as a deal to resume oil exports from Iraq’s Kurdistan did not come through.

Brent crude was trading flat at $67.86 a barrel as of 6:59 a.m.

Asia Markets LIVE: Nikkei 225 & KOSPI Fall After Fed Chair Says Stocks Overvalued 

Markets in Japan, Australia, and South Korea fell, tracking a Wall Street decline, after the US Federal Reserve Chair Jerome Powell said that stocks are overvalued. He also said that that path to rate reduction is nit clear.

The Nikkei 225 and KOSPI were trading 0.11% and 0.47% down, respectively as of 6:53 a.m. The S&P ASX 200 was trading 0.73% down.

Stock Market LIVE: GIFT Nifty Hints At Negative Open; Infosys, Minda Corp, HCLTech, Swiggy Shares In Focus

The GIFT Nifty was trading 0.11% or 28 points down at 25,216.50 as of 6:31 a.m. This implied that the NSE Nifty 50 will likely open on negative note.

Traders will keep an eye on Infosys Ltd., Minda Corp Ltd., HCLTech Ltd., ICICI Bank Ltd., and Tech Mahindra Ltd. in Wednesday’s session.

The Nifty 50 and Sensex ended slightly lower on Tuesday, tracking a decline in HDFC Bank Ltd., and ICICI Bank Ltd. The indices closed 0.13% and 0.07% down, respectively.

. Read more on Markets by NDTV Profit.The GIFT Nifty was trading 0.10% or 26 points down at 25,190 as of 7:58 a.m. Follow NDTV Profit’s blog live update on stock price movements, analysts’ views, and latest company news.  Read MoreMarkets, Notifications ​NDTV Profit