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As of 30-Sep-2024, promoters held 44.7 per cent stake in the company, while FIIs held 28.39 per cent and domestic institutional investors had 9.52 per cent.

HDFC Securities has given an add call on Avenue Supermarts with a target price of Rs 3950. The company reported a consolidated total income of Rs 15996.69 crore in the latest quarter. Its standalone revenue grew 17.5% YoY. Neville Noronha will step down as MD and CEO by January 2026. Anshul Asawa will be the next CEO.

The bullion fell about 1% in the last session as a strong U.S. dollar, buoyed by robust jobs data last week, dampened investor appetite for the precious metal.

Recent economic data have indicated a resilient economy with nagging price pressures, which has pressured equities. Comments from Fed officials have pushed bond yields higher. The S&P 500 had weekly losses in four of the last five weeks.

HDFC AMC is likely to announce strong third quarter results with significant growth in revenue and profitability. Kotak Equities estimates a 21% increase in profit and revenue on a year-on-year basis. However, weak market performance might impact other income. HDFC AMC shares have dropped 16% in the last month.

Avax Apparels And Ornaments shares debut on BSE SME platform today, following positive public response. The IPO, which raised Rs 2 crore, shows a 14% premium in the grey market. The company deals in wholesale trading of knitted cloth and online retail of silver ornaments. It received bids 250 times over the offered shares.

With President-elect Donald Trump set to step back into the White House next week, the focus has been on his policies that analysts expect will boost growth but add to price pressures.

Brent LCOc1 futures slipped 22 cents, or 0.27%, to $80.79 a barrel by 0122 GMT, while U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2% to $78.66 a barrel.

Indian stocks are likely to see another quarter of losses due to economic slowdown and inflation affecting corporate earnings and foreign flows. The benchmark NSE Nifty 50 Index is expected to drop by at least 5% through March. The market has been under pressure due to foreign outflows and concerns over geopolitical tensions.