Latest Stock Market News

A total of 1,755 shares changed hands on the counter till time (IST).

Godrej Properties shares are expected to gain attention on Monday after the company reported robust Q2 FY25 bookings worth Rs 5,200 crore, driven by the sale of 5.1 million square feet of residential properties. New project launches in the NCR and the Mumbai Metropolitan Region fueled the demand.

The upward trend in the Nifty50 remains strong, with last week’s 5% correction from 26,200 viewed as a temporary pullback in line with market expectations. This correction was anticipated for several reasons, notably foreign institutional investors (FII/FPIs) selling due to structural changes in weekly options expiry and China’s recent rate cut.

Citi maintained a neutral call on Titan citing studded mix concerns, Macquarie an outperform due to strong jewellery sales. Jefferies has a buy on Bandhan Bank despite QoQ collection dip, while Morgan Stanley remains underweight on RBL Bank amid moderate loan growth.

And in difficult phase of bull run, obviously, given the risk profiling, I think largecap will play an important role, that does not mean we turn negative on small and mid.

Bank of Maharashtra shares are expected to attract attention on Monday after the Life Insurance Corporation of India (LIC) increased its stake in the bank from 4.05% to 7.10%. LIC announced this increase in its shareholding following a Qualified Institutional Placement (QIP).

On October 4, the closing prices of five stocks from Nifty500 dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Gold and silver December futures traded lower amid high price volatility due to Middle East tensions and dollar index strength. Last week, gold gained by Rs 300 per 10 gram, while silver rose by Rs 2,360 per kg. Manoj Kumar Jain of Prithvifinmart suggests buying on dips.