Rupee Vs Dollar Today: Yield On 10-Year Bond Opens Flat

The yield on the 10-year bond opened flat at 6.56%

Source: Bloomberg

Rupee Vs Dollar Today: Rupee Opens Stronger Ahead Of MPC

Rupee opened 2 paise stronger at 88.77 against the US Dollar.

It closed at 88.79 on Wednesday.

Source: Bloomberg

Stock Market News Live: Shriram Finace Denies Stake Sale Report

Shriram Finance Ltd. on Tuesday denied any possibility of a stake sale in the company, in what was a direct response to media claims suggesting a 20% equity purchase from MUFG.

“With a view to prevent any misinformation and ensure full transparency, we hereby in good faith wish to clarify that the Company is not aware of any such potential majority stake sale of equity shares of the Company by any shareholder(s),” the company said in an exchange filing.

Stock Market News Live: Godrej Properties Gets Target Price Hike From CLSA

CLSA has maintained its ‘outperform’ rating on Godrej Properties Ltd., raising its price target to Rs 2,850 from Rs 2,770, citing closing on a strong quarter and strong growth with improving cash flows and margin.

The brokerage believes that, the low profitability overhang is getting addressed with improving cash flows and thus margin outlook.

CLSA noted, GPL’s stock trades at a EV/ cash Ebitda of 8.4 times, compared to 12-18 times for Oberoi and Lodha, which the brokerage believes is unwarranted.

Read the full story below:

Stock Market News Live: What F&O Cues Indicate

  • Nifty October Futures down by 0.09% to 24,778 at a premium of 167 points.

  • Nifty October futures open interest up by 22%

  • Nifty Options 7 October Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24600

  • Securities in Ban Period: Sammaan Cap

Stock Market News Live: Gold Hits New High Ahead Of MPC

Gold prices today were trading at a new high of levels above the Rs 1,17,000 mark, ahead of the Reserve Bank of India’s MPC.

The Central Bank is broadly expected to maintain the status and gold ahead of the decision has prices surged to a fresh high of Rs 1,17,350 per 10 gm, according to the India Bullion Co. The price surged by nearly Rs 1,000 compared to Rs 1,16,410 on Tuesday.

Read full story to check rates across India:

Stock Market News Live: Commodity Check

  • West Texas Intermediate crude fell 0.14% to $62.46 per barrel.

  • Spot gold was up 0.16% to $3,865 an ounce.

Stock Market News Live: US Markets

Overnight in the U.S., major indices eked out gains despite looming political risk. The Dow Jones rose about 0.2% to close at a record high, while the S&P 500 added roughly 0.4% and the Nasdaq Composite gained around 0.3%.

The mood was bolstered by easing fears of a damaging government shutdown.

Stock Market News Live: All Eyes On RBI’s MPC

Today, all eyes will be on the Reserve Bank of India’s Monetary Policy Committee as it is expected to retain the benchmark lending rate at 5.5%.

The Central Bank is set to announce its decsion today. There are also expectations of further rate cuts down the line. Out of the 37 economists polled by Bloomberg, 11 expect a status quo, while the rest expect a 25 basis point cut. The repo rate is currently at 5.5%.

Stock Market News Live: GIFT Nifty Indicates Gap Down Start Ahead Of RBI MPC

Good morning! Welcome to NDTV Profit’s live coverage of the Indian equity markets. Here we bring you real-time updates, sharp analyst insights, top stock picks, and all the market-moving news you need. Stay tuned and stay ahead of the curve.

The GIFT Nifty was trading near 24,600 early Wednesday. The futures contract based on the benchmark Nifty 50 fell 0.31% at 24,611 as of 6:24 a.m. indicating a negative start for the Indian markets. The Nifty had ended in red for the eighth consecutive session on Tuesday, largely unchanged, after a volatile and choppy trade driven by monthly F&O expiry.

At the close, the Sensex slipped 97.32 points, or 0.12%, to 80,267.62, while the Nifty fell 23.80 points, or 0.10%, to 24,611.10. The Nifty rose as much as 0.39% during the day to 24,731.80, while the Sensex was also up 0.39% to 80,201.15.

. Read more on Markets by NDTV Profit.All eyes will be on the Reserve Bank of India’s Monetary Policy Committee as it is expected to retain the benchmark lending rate at 5.5%.  Read MoreMarkets, Business ​NDTV Profit