Latest Stock Market News

In his monetary policy speech on Friday, Governor Shaktikanta Das mentioned how global equity markets have corrected in the wake of sovereign bond yields having firmed up and the US dollar appreciating

The company produces opto-semiconductor chips and luminaries, offering solutions for diverse industries inLarge-area lighting at commercial places and has developed and completed the trials of products for Medical applications, data transmission, specialized lighting for photosynthesis, aqua lighting, sanitisation, among others.

The stock market marked an important day on October 5 as several midcap stocks exhibited their strength by crossing their 50-Day Simple Moving Averages (SMA)

"So the longer the period, the most important risk is inflation; shorter the period market risk becomes the most important one to mitigate. Shorter periods cannot have equity, longer periods cannot have equity. If this fundamental principle of risk mitigation is understood, 60% of the job for the viewers is done."

Kaustubh Pawaskar, DVP, Fundamental Research at BNP Paribas, predicts that Q2 will be a weak quarter for consumer goods companies, with no significant improvement in demand. However, higher margins may contribute to decent bottom line growth. Pawaskar expects a recovery in volumes from Q3, driven by stable urban consumption and increased government spending in rural markets. The QSR space has been impacted by inflationary pressures, but burgers and sandwiches will perform well from Q3.

A total of 19,482 shares changed hands on the counter till 02:09PM (IST)

"Although RBI expects significant easing of inflation in September, food inflation is expected to remain high. Consequently, a rate cut in the near future remains unlikely. While this may unnerve the bond markets to some extent, the equity markets, though slightly disappointed, have other triggers in the near term to track and worry about," said Dhiraj Relli, MD & CEO, HDFC Securities.

For more such web stories click on the ET icon below

The Nifty auto index saw 14 advances with just one decline in Balkrishna Industries. The top gainer was Bharat Forge which was up 2%. Meanwhile, 7 stocks were up in the Nifty Realty index with 2 declines and 1 stock trading on a flat note.

Its total deposits grew 43% on year to Rs 29,134 crore in the September quarter, while sequentially, they were up 9%. Advances also surged 27% YoY and 5% QoQ to Rs 26,600 crore.