Raj Kumari

1) Need to move past Covid and uplift economic sentiment says HDFC Bank chief Aditya Puri. India’s longest-serving bank chief Me Aditya Puri said that there is a need to change the sentiment in the country and move past Covid while taking social distancing precautions.2) Metal stocks declined from the intra-day high after news reported that the European Union might impose anti-dumping duty on import from India, Indonesia.3) Expects momentum on Auto stocks today as September monthly sales data will be announced tomorrow. The market expectation that the Auto players to announce impressive sales data ahead of festival sessions. #MOMarketUpdates #MotilalOswal #IndianStockMarket #MetalStocks #nifty #sensex #autostocks #HDFCBank

1) Delta Corp on hope of re-opening of Casinos in Goa after media reports that the Maharashtra government has allowed to re-open bars, restaurants from the first week of Oct. Delta gained 5% to Rs113 amid 10lakh shares trade on NSE. Traders short term buying opportunity on Delta. 2) Defence Minister Rajnath Singh on Monday chaired the Defence Acquisition Council (DAC) meeting and approved proposals for capital acquisition of various equipment required by the Indian Armed Forces at an approximate cost of Rs 2,290 crore. These include procurement from the Domestic Industry as well as Foreign vendors. Expect positive HAL, BDL, BEL #MOMarketUpdates #MotilalOswal #Delta #indianstockmarket #Nifty #Sensex #defensestocks

1) Apollo Hospitals witnessed smart rally although Sensex nosedived over 1000 points. Good quarterly results and traders focus on the defensive stock in the volatile market lifted Apollo Hospital.2) Maruti Suzuki Subscribe allows a customer to use a new car without actually owning it and by paying an all-inclusive monthly fee that comprehensively covers complete maintenance, insurance and roadside assistance," it said. Customers can select subscription duration ranging from 12 months to 48 months and pay a monthly subscription charge starting Rs 14,463 (including taxes) for Swift Lxi in Delhi for a tenure of 48 months. After the completion of subscription tenure, the customer can also opt to upgrade the vehicle, extend, or buy the car at market price. Last month the project was launched as a pilot in Hyderabad & Pune. #MOMarketUpdates #MotilalOswal #Indianstockmarket #BSE #NSE #MarutiSuzuki #ApolloHospitals #Sensex #Nifty

1) ICRA assigns stable outlook to bank facilities and NCDs of Jindal Steel. The stock jumped 4%.2) Hexaware says that the promoter HT Global Holdings has accepted the discovered price of Rs 475 per share, as the final price for the delisting offer. The promoter will acquire 8.72 crore shares, post the acquisition, promoter shareholding in the company will be 91.16%. #MOMarkrtUpdates #MotilalOswal #indianstockmarket #nifty #sensex #jindalsteel #hexaware

1) Happiest Minds Technologies Ltd. debuted on the bourses at a 115% premium to its issue price AT Rs166 a share, a week after concluding its initial public offering on a remarkable note. The Rs 702-crore maiden offer was subscribed 151 times. It has gained 125% to close at Rs371 against its IPO price amid 52cr shares traded on NSE.2) Domestic Pharma major Dr Reddy closed at an all-time high of Rs4827 after the news that the Russia-based Russian Direct Investment Fund (RDIF) to distribute 10cr Covid-19 vaccine doses in India. Moreover, the Company launched Eye Allergy drop in US Market.3) SBI - The country’s largest lender State Bank of India could be sitting on a goldmine when it comes to its digital start up YONO (You only need one). The super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a specific size- says SBI Chairman. #MOMarketUpdates #MotilalOswal #IndianStockMarket #NSE #BSE #Nifty #sensex #IPO #Pharma #SBIYONO

Russia’s RDIF to sell 100m doses of Covid-19 vaccine to India. Russian sovereign wealth fund to cooperate with India’s Dr. Reddy’s Laboratories on clinical trials and distribution of Sputnik V vaccine against coronavirus, Russian Direct Investment Fund says in a statement. RDIF to also sell as many as 50m doses to Brazil, 32m to Mexico. #MOMarketUpdates #MotilalOswal #DrReddys #Indianstockmarket #marketrecommendation #NSE #BSE #nifty #sensex

In a regulatory filing today, the State Bank of India said it has sold Rs 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon rate of 7.74%. #MOMarketUpdates #Indianstockmarket #MotilalOswal #statebankofIndia #SBI #Sensex #nifty

Share of domestic consumer durable and electronics companies Dixon Tech and Amber Enterprises surged to record high today on account of gaining benefit by the government to encourage production in the local players. Amber is one of India’s largest contract manufacturers of air-conditioners and spares for top global brands such as LG, Daikin, Blue Star, Panasonic, CarrierMidea and Hitachi. Dixon Technologies, which makes consumer electronics, home appliances and mobile phones, has seen its shares jumped 300% from the recent low to record high of above 9500mark. Expects positive for other Indian players like IFB Industries. #MOMarketUpdates #MotilalOswal #indianstockmarket #consumerdurable #BSE #NSE #nifty #sensex

The government may gradually resume running Trains for long-distance. The Metro services will restart from today in a graded manner in Delhi, Chennai, Bengaluru, Ahmedabad, Hyderabad and Lucknow. #MOMarketUpdates #Indianstockmarket #MotilalOswal #nifty #Sensex #BSE #NSE