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Bucking the market downturn, five small and midcap stocks within the Nifty 500 index surged to new 52-week highs.

Promoters held 51.52 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 16.66 per cent and 8.98 per cent, respectively.

A total of 7,005 shares changed hands on the counter till 02:08PM (IST).

​So, I would say this is more like a value correction than anything particularly for Bajaj Auto whose 500 crore loss that they have provided for, I think that also should not be really overlooked.

Shares of Titagarh Rail Systems jumped 8% to Rs 1,223.8 on Thursday after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) through a bulk deal valued at Rs 85.5 crore, at an average price of Rs 1,120 per share.

Jitendra Sriram, Senior Fund Manager at Baroda BNP Paribas MF, emphasizes the potential in the utility and industrial sectors post-market correction, citing increased energy demand and government capital spending. He also notes the muted performance in FMCG and auto sectors but suggests closely monitoring them. Banking may benefit from potential monetary easing, though private banks could lead the rally.

Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia brought their holdings in One 97 Communications below 1% in the September-ended quarter. Shares of Paytm dropped to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%.

EUROPE-STOCKS/ (UPDATE 1)UPDATE 1-European shares climb on earnings boost ahead of ECB policy verdict

Central Bank of India Q2 Results: Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.