Nifty 50|Sensex| Stock Market Today: Oracle Financial Services Share Price Pare Gains

Oracle Financial Services Software Ltd. share price pared gains in Thursday’s session. The company said that there is no direct impact on Oracle Financial Services’ business because of Oracle Group’s upbeat revenue guidance.

Indonesia, Nepal Protests: Godrej Consumer, ITC, Dabur Among Companies Exposed To Unrest, Says Macquarie

Godrej Consumer Products Ltd., Dabur India Ltd., ITC are among other companies which are staring at fresh challenges in their international business as political unrest in Indonesia and Nepal threatens to derail growth, according to a brokerage note by Macquarie.

Sectoral Performance At Open: Nifty Media Outperforms 

On National Stock Exchange, eight sectoral indices advanced, three declined, and four remained flat out of 15.

Nifty Detractors: Infosys, HDFC Bank And Airtel Shares Weigh

Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., and SBI Life Insurance Co weighed on the NSE Nifty 50 index.

Eternal Ltd., Tata Consultancy Services Ltd., NTPC Ltd., Adani Ports And Special Economic Zone Ltd. and ITC Ltd. added to the NSE Nifty 50 index.

Nifty 50| Sensex| Stock Market Today: Nifty, Sensex Open Flat 

The NSE Nifty 50 and BSE Sensex opened flat with a negative bias tracking weakness in Infosys Ltd., HDFC Bank Ltd., and ICICI Bank Ltd. The indices were trading on a mixed note.

Nifty 50, Sensex At Pre-Open: Trade Lower 

The NSE Nifty 50 declined 0.11% to 24,945 and the BSE Sensex fell 0.18% to 81,277.

71 Dividend Stocks: Cochin Shipyard, Garden Reach, KPI Green, Mastek — Last Day To Buy Shares To Qualify

Shares of Cochin Shipyard Ltd., Garden Reach Shipbuilders & Engineers Ltd., KPI Green Energy Ltd. and 68 other companies will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholder eligibility for receiving a dividend.

Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.47%

Source: Cogencis

Rupee Opens Weaker Against US Dollar

  • Rupee opened 3 paise weaker at 88.13 against US dollar

  • It closed at 88.10 a dollar on Wednesday

Source: Bloomberg

Stock Picks Today: Adani Ports, TCS, Godrej Consumer On Brokerages’ Radar

Adani Ports & Special Economic Zone Ltd., Adani Energy Ltd., Tata Consultancy Services Ltd., are among the companies garnering brokerage commentary today.

Analysts have shared their insights and, in several cases, revised their target prices based on their updated fundamental outlooks for these firms. Here are the key analyst calls to watch out for today:

“GST Rate Cuts Will Boost Earnings”: Goldman Sachs Overweight on Consumer Stocks — Here’s Why

Goldman Sachs reiterated its overweight position on consumer-sensitive stocks as it expects these stocks will outperform because of the GST rate cuts, which is anticipated to drive earnings growth. The brokerage has upgraded the rating for cement and consumer durables to marketweight.

Consumer sensitive stocks which are in Goldman Sachs’ radar have outperformed the NSE Nifty 50 stocks by 8% since the GST announcement on Aug 15. These stocks have outperformed the overall market by 11% quarter-to-date basis, the brokerage said.

Buy BSE, TCS Shares, Suggests Analyst Kunal Rambhia — Check Target Price, Stop Loss And More

Kunal Rambhia, Fund Manager & Trading Strategist at The Streets, is bullish on BSE Ltd. and Tata Consultancy Services Ltd., issuing buy calls on both the stocks heading into trade today.

Dr. Reddy’s Acquires J&J’s Stugeron Portfolio For Rs 445 Crore, Enters Anti-Vertigo Segment

Dr. Reddy’s Laboratories Ltd. on Thursday announced a deal with Johnson & Johnson affiliate Janssen Pharmaceutica NV to acquire its anti-vertigo drug under the ‘Stugeron’ brand for $50.5 million or Rs 445 crore.

The local drugmaker will acquire the ‘Stugeron’ brand, including its key local brands Stugeron FORTE and Stugeron PLUS, as well as its related assets across 18 markets in the Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions, with India and Vietnam as key markets, according to a statement.

Gold Prices Consolidate 

Gold prices consolidated in Thursday’s session. It hit a record high in the previous session as the possibility of a rate cut by the US Federal Reserve continued to increase.

The bullion was trading 0.12% down at $3,636 an ounce.

How US Markets Perform Overnight?

The S&P 500 and Nasdaq Composite hit a record high as weak inflation data reaffirmed hopes of a rate cut by the US Federal Reserve. US Producer Price Index fell 2.6% on the year in August compared to market expectation of 3.3%.

The S&P 500 rose to a record high of 6,555.97, and the Nasdaq Composite hit a record high of 22,000.97

Stock Market Today: F&O Cues

  • Nifty Sep futures is up by 0.52% to 25,079 at a premium of 106 points.

  • Nifty Sep futures open interest up by 1.77%.

  • Nifty Options Sept. 16 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000.  

  • Securities in ban period: RBL Bank   

Pre-Market Experts’ View: Nifty Showing Early Signs Of Bearish Trend

Stock Market LIVE: Dr. Reddy’s Labs In Pact With J&J Janssen Pharma 

Dr. Reddy’s Laboratories is in pact with J&J Janssen Pharmaceutical to acquire Stugeron Brand for $50.5 million, the company said in the exchange filing.

Asia Markets LIVE: KOSPI Hits Record High 

South Korea’s benchmark index KOSPI hit a record high. The index has been steadily rising for seven session.

Markets in Japan, Mainland China, Hong Kong, and Australia were trading higher tracking an overnight gains on Wall Street.

LIVE: GIFT Nifty Hints At Positive Pre-Open; Eicher Motors, RIL, Shipping Corp, RVNL In Focus

The GIFT Nifty was trading 0.06% or 15.50 points higher at 25,088.50 as of 6:42 a.m., which implied that the NSE Nifty 50 will likely open higher compared to previous close.

Traders will keep an eye on Eicher Motors Ltd., Reliance Industries Ltd., Shipping Corp of India, and Rail Vikas Nigam Ltd. shares.

The benchmark equity indices closed higher on Wednesday, tracking gains in information technology stocks.

The NSE Nifty 50 settled 104.5 points or 0.42% higher at 24,973.1 and the BSE Sensex closed 323.83 points or 0.4% up at 81,425.15.

. Read more on Markets by NDTV Profit.Eternal, Tata Consultancy Services, and NTPC shares were top contributors to the NSE Nifty 50 index.  Read MoreMarkets, Notifications ​NDTV Profit