Market Summary for 23-Oct-2024
Nifty Index Today
The Nifty index opened today at 24,378.15, reached a high of 24,604.25, and closed at 24,435.50.
Top News today
- SRF: Announces ₹1,500 crore capital expenditure in Gujarat.
- MCX: UBS brokerage sets a target of ₹8,000 for MCX, predicting a 23% upside.
- Paytm: NPCI lifts restrictions, allowing Paytm to onboard new UPI users.
- Zomato: Increases platform fees from ₹7 to ₹10.
- Banking Stocks: Under pressure as rising NPAs lead to poor results, with RBI issuing warnings to NBFCs and banks.
- KPIT Technologies: Board approves fundraising ₹2,880 crore via QIP.
- Waaree Energies IPO: IPO concludes, and grey market premium returns to 98%.
- Goldman Sachs Report: The report outlines projections for the Indian stock market over the next 3-6 months, downgrading Indian stocks to neutral due to anticipated slower growth.
Companies announced their results today.
Gold Rate : 10g of 24k gold (99.9%) in Mumbai is 80,860.00 Indian Rupee
Stock performer in FNO
Up :
Coforge : Rs.7555.45 (+ 11.11%)
Persistent: Rs.5722.75 (+ 10.94%)
MFSL : Rs.1270.90 (+ 8.58%)
Down:
ABB : Rs.7706.00 (- 5.77%)
M&MFIN: Rs.267.00 (- 5.20%)
Siemens : Rs.6871.00 (- 5.07%)