Stock Market Live Updates: Geopolitical risks and oil surge threaten Nifty’s 25,000 mark; FPIs sell heavily

1 BANDHANBNK

2 BSOFT

3 GRANULES

4 HINDCOPPER

5 MANAPPURAM

6 RBLBANK

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ARISE\u0009

A.G.M.;General\u0009 \u0009 \u0009 

GRAVITA\u0009

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NRBBEARING

Interim Dividend\u0009 \u0009 \u0009 

RDBRIL\u0009

Increase in Authorised Capital;Preferential Issue of shares

ACCELYA 

Final Dividend - Rs. - 40.0000

CLASELE

Bonus issue 5:1 

GPIL

Stock Split From Rs.5/- to Rs.1/- 

KPIGREEN

Final Dividend - Rs. - 0.2000 

REALECO

Stock Split From Rs.10/- to Rs.2/- 

SHIKHARLETR

Bonus issue 3:1

Nikkei +7 pts , 

Hangseng -98 pts , 

Now @6.52am . 

Dow -184.93 pts ,Nsdq -6.65 pts, S&P 

-9.60 pts , Bovespa -1843 pts , Ftse -8 pts , Dax -149 pts , Cac -99 pts , Crude @ $73.90 brl (+0.19), Brent @ $77.62 brl (+0.00) , Gold @ 2675.00 (-4.20), Silver $32.29 (-0.17), Euro @ $1.1036, JPY @ $146.89, INR @ 83.975

-- Justin Khoo, Senior Market Analyst APAC, VT Markets 

Following the news of Israel being attacked by Iran on Tuesday night, the NIFTY 50 Index Futures have been on a continuous decline. Since then, NIFTY has dropped a total of 575 points. Meanwhile, oil prices have surged for the third consecutive day, with Brent crude approaching $75 per barrel on Thursday. Polymarket, a decentralized prediction platform, currently forecasts a 38% chance of an Israeli response to Iran’s attack by Friday. This could lead to a potential shift of capital into safe-haven assets like gold. 

Before considering trading gold, two key factors must be monitored: strong labor data on Friday and a decisive gold close above 2685.49. Only if these conditions are met should we proceed to identify suitable buy areas. 

Outside of geopolitical concerns, money managers are reducing long positions across Asia to fund investments in China, following the announcement of numerous measures by Chinese authorities to stimulate growth. Although this shift is in its early stages, there has not yet been a significant withdrawal of foreign capital from India. However, the current momentum suggests there may be an argument for a potential rotation from India to China.

Cyient DLM Limited’s board approved the acquisition of an US entity through its wholly owned subsidiary, Cyient DLM Inc. This is a strategic move that could potentially expand the company’s global reach and market share.

CRUDE PRICE UPDATE: US CRUDE FUTURES RISE MORE THAN $3/BBL ON MIDDLE EAST CONFLICT 

WTI CRUDE: 73.16, UP 4.32%

China @ Market Holiday

10.30 India Service PMI (Expected: 58.9 versus Previous: 60.8)

14.00 U.K. Construction PMI (Expected: 53.1 versus Previous: 53.6)

18.00 U.S. Non-Farm Employment Change (Expected: 148k versus Previous: 142K)

18.00 U.S. Unemployment Rate (Expected: 4.2% versus Previous: 4.2%)

18.00 U.S. Average Hourly Earnings m/m (Expected: 0.3% versus Previous: 0.4%)

SURYODAY SMALL FINANCE: BANK’S PERFORMANCE FOR Q2 FY25: GROSS ADVANCES: RUPEES 9,360 CR, GROWTH 4%(QOQ) AND 35% (YOY) 

TOTAL DEPOSITS: RUPEES 8,851 CR, GROWTH OF 9% (QOQ) AND 39% (YOY) GROWTH

Revenue from operations of Polycab witnessed a robust growth of 20.8 per cent to ₹4698.03 crore in Q1-FY25 from ₹3,889.38 crore in the corresponding quarter of previous year. The contribution to revenue from wires and cables business was 84 per cent at ₹3942.13 crore as compared to 90.8 per cent in Q1-FY24. 

Given the volatility in commodity prices during the quarter and turn down in government ordering due to elections, the wires and cables segment grew by only 11.6 per cent y-o-y. 

Man Infraconstruction Ltd (MICL) has strong visibility of cash flows from ongoing projects, with a current run rate exceeding ₹321 crore in Q1. The company is set to incur DM fees from its Tardeo-Aaradhya Avaan project, which is 70 per cent sold (of the launched tower). This project is unique for the company, being the tallest building in the city, with 100 per cent approvals. 

Domestic markets are expected to open weak amid geopolitical tension. Gift Nifty at 25,418 signals a gap-down opening of about 70 points for Nifty. According to analysts, the widening West Asia conflict soured risk sentiment, with foreign portfolio investors resorting to heavy selling. According to exchange data, FPIs sold over ₹15,000 worth of shares on Thursday alone.

With the market set for weekend holidays, they are unlikely to carry over their position, they added.

NBCC (India) Ltd.

Bonus issue 1:2

Previous day Closing Price – Rs. 171

Ex-Dividend 07 Oct 2024 (Monday)

Last date for Cum-Dividend Today

Ex-Dividend 07 Oct 2024 (Monday)

Last date for Cum-Dividend Today

Jupiter Wagons Ltd

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 497.1

K.P. Energy Ltd

Dividend Per Share Rs.0.1

Previous day Closing Price – Rs. 492.65

Buzzing stocks: BSE, HDFC Bank, RPower, PTC India, BoB, Avenue Supermarts, Bajaj Finance, M&M Financial, Aarti Drugs, Shlpa Medicare, CESC

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Atul Auto: Jitendra AdhiaV, VP Finance

EV Contribution Will Be 1/3rd Of Mix In FY25: Atul Auto

https://www.youtube.com/watch?v=qZA9BAySD0g

CSB Bank: Pralay Mondal, MD & CEO

Proper Documentation Needs To Be In Place For Lenders In Gold Segment: CSB Bank

NMDC: Amitava Mukherjee, Director-Finance

Most Of Capex Will Be Funded By Internal Accruals: NMDC

NLC Nalco India : Prasanna Motupalli, CMD

NEP Is Envisaging 7-8% Demand Increase Till 2031-2032: NLC India

Quick Heal Tech: Vishal Salvi, Chief Executive Officer

Antifraud AI Launch Is Globally First Of Its Kind, Will Help Curb Digital Frauds: Quick Heal

Quick Heal Tech: Vishal Salvi, Chief Executive Officer

Inside Quick Heal: CEO Vishal Salvi on Market Demand and Product Launch Plans

Bajaj Auto: Rakesh Sharma, ED

Expect 6-8% Underlying Growth For Motorcycles & The EV Momentum To Continue In Oct: Bajaj Auto

KRBL: Akshay Gupta, Head, Bulk Exports

Ban On Non-Basmati Rice Lifted, Bulk Business Could Be An ?100-200 Cr Opportunity: KRBL

Max Estates: Rishi Raj, COO

Max Estates Garners Pre-Sales Of ₹4,100 Cr Within 30 Days Of Launch Of Estate 360, Gurugram

M&M: Hemant Sikka, President-

Our Tractor Sales Even In The Shradh Period Are Up 10-15% YoY: Mahindra & Mahindra

Events today…

Results today…

IndianOil and Nepal Oil Corporation Sign B2B Framework Agreements for Major Petroleum Infrastructure Development in Nepal

The G2G MoU extends the Motihari-Amlekhgunj Petroleum Pipeline to Chitwan, Nepal, and includes building oil storage terminals in Chitwan and Jhapa. A new pipeline from Siliguri to Jhapa is also planned. These projects aim to improve petroleum logistics, reduce costs, and enhance Nepal’s energy security. 

The B2B agreement allows IndianQOil and NOC to begin construction, reducing reliance on tank trucks and mitigating environmental risks.

Citi Initiate coverage on Varun Beverages (VBL) with a Buy rating; TP is Rs800

Pecking order in India consumer staples is now Varun Beverages, Hindustan Unilever, Godrej Consumer and Britannia.

Provisional Cash Rs. In Crs.

FII/FPI: NET SELL: -15243.27 

(17311.91 - 32555.18) 

DII: NET BUY: +12913.96 

(25294.47 - 12380.51)

BL Today’s Pick, Stock Recommendation for October 4, 2024: Get all the Stock Recommendations & our Experts views for today’s pick on Indian Stock Market.

The stock of Vijaya Diagnostic Centre has been in a long-term uptrend. However, over the past few weeks, it has been largely charting a sideways trend. That is, it has been oscillating within ₹890 and ₹960. On Thursday, the stock managed to move above ₹960. Notably, so far this week, the scrip has been appreciating despite the broader market facing a downward pressure.