Sensex Today Trades Higher | Nifty Above 25,000 | RCF Rallies 7%, Tata Chemicals 4%

Thu, 10 Oct 10:30 am

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Asian markets traded higher on Thursday following overnight rally on Wall Street.

Japan's Nikkei 225 gained 0.5%, while the Topix rose 0.4%.

US stocks finished solidly higher, with investors unfazed by the minutes of the Federal Reserve's September meeting as they look ahead to a September consumer price index reading.

Here's a table showing how US stocks performed on Wednesday:

Stock/Index	LTP	Change ($)	Change (%)	Day High	Day Low	52-Week High	52-Week Low
Alphabet	163.06	-2.64	-1.59%	166.26	161.12	193.3	121.46
Apple	229.54	3.77	1.67%	229.75	224.83	237.23	164.08
Meta	590.51	-2.38	-0.40%	594.39	581.61	602.95	279.4
Tesla	241.05	-3.45	-1.41%	247.43	239.51	271	138.8
Netflix	727.43	5.67	0.79%	728.59	718.87	728.59	344.73
Amazon	185.17	2.45	1.34%	185.85	182.05	201.2	118.35
Microsoft	417.46	2.75	0.66%	420.38	414.3	468.35	324.42
Dow Jones	42512	431.63	1.03%	42562.01	41993.35	42628.32	32327.2
Nasdaq	20268.86	161.08	0.80%	20284.42	20047.86	20690.97	14058.33

Source: Equitymaster

At present, the BSE Sensex is trading 258 points higher and NSE Nifty is trading 80 points higher.

NTPC, Hindalco and L&T among the top gainers today.

Trent, Tata Motors and HUL the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on positive. The BSE Midcap index is trading 0.4% higher and the BSE Smallcap index is trading 0.8% higher.

Barring healthcare stocks, all other sectoral indices are trading positive today with stocks in realty sector, metal sector and telecom sector witnessing buying.

The rupee is trading at Rs 83.95 against the US dollar.

In commodity markets, gold prices are trading flat at Rs 74,997per 10 grams today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of the stock market, the aggressive expansion plans of the retailing sector players are not without reason. The sector is witnessing strong growth driven by increased urbanization and demand for organised and high-quality retail spaces.

This is fuelled by the rising demand for big brands thanks to their reach on social media.

This highlights India's emergence as a key player in the global retail market.

Research Analyst, Tanushree Banerjee in her latest video talks about, can top retailing stocks like Trent continue to fetch steep valuations? Find out.

Tune in for more

Vedanta Cancels Dividend Meeting

On Wednesday, Vedanta Ltd informed the exchanges that its board meeting scheduled for today was cancelled due to unforeseen circumstances.

The Board was supposed to meet today to consider the fourth interim dividend for FY25.

The company has already fixed a record date as 16 October for the proposed dividend, if it was declared.

Vedanta has a strong history of dividends and has one of the highest dividend yields on the Street. In the last 12 months, the company paid a dividend of Rs 46 per share, which takes the yield to 9.2%.

The metal major has declared three dividends in the current fiscal year, with six more months.

In the first half of the year, Vedanta achieved its highest-ever quarterly and half-yearly aluminium production of 1205 kt. The company's alumina production has also jumped 21% on a year-on-year basis (YoY).

The company has also witnessed its highest-ever second quarter mined and refined metal production in Zinc India. It recorded a new high for mined metal while the production of refined metal increased by 5% YoY to 524 kt in the first half of the year.

Shares of Vedanta had a stellar run so far this year with a surge of 92% year-to-date.

Adani Enterprises Launches QIP

Adani Enterprises Limited, the flagship firm of Billionaire Gautam Adani, 9 October launched the first tranche of its qualified institutional placement (QIP) offering to raise as much as US$ 500 million (m), with the intention of launching a second QIP in the coming months to raise more funds.

In May, the Adani Enterprises board approved a total fundraising of Rs 166 bn, or approximately US$ 2 bn.

To be sure, while the QIP launched on October 9 has a base size of US$ 500 m, the company could raise a bigger amount using a green shoe option, adding that any additional fundraising will depend on investor demand.

The offering already has a strong investor demand, but the green shoe is a discretionary option for the company to exercise and they may choose not to do so right now and raise additional funds through another QIP in the next three to four months.

Once approved by shareholders an equity fundraising resolution is valid for 12 months and a company can raise the total amount through multiple QIPs or a mix of various fundraising routes.

While the company was planning to launch the share sale later in the month, plans were advanced due to the escalation of conflict in the Middle East and its impact on global equity flows.

Britannia & Bel Group Launches Cheese Factory

Two years after Britannia Industries signed a joint venture with Bel Group, the joint venture (JV) has inaugurated its cheese factory in India in Ranjangaon, Maharashtra. This factory, which has seen an investment of Rs 2.2 bn from the JV, will produce Britannia The Laughing Cow products.

The new Greenfield factory is integrated within Britannia's existing dairy production facility. It has a current capacity to produce 6,000 tons of natural cheese varieties like cheddar and mozzarella a year, and 10,000 tons of processed cheese products a year, like cheese slices, cubes, blocks, etc.

The plant produces nearly 4 lakh litres of cow's milk daily from over 3,000 farmers in Pune and surrounding areas.

The cheddar cheese being produced in the factory will also allow the company to innovate and create products as per the needs of the Indian consumer.

Britannia and Bel Foods entered into a joint venture in December 2022, where Bel acquired a 49% stake in Britannia's wholly-owned subsidiary, Britannia Dairy Private Limited, which was then renamed Britannia Bel Foods Private Ltd.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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