Domestic benchmark equity indices traded with weakness in morning trade on Tuesday as crude oil prices surged along with US bond yields, making investors cautious. Bank and IT stocks were under selling pressure. After opening in the red, benchmark indices pared some losses. At 9.20 am, BSE flagship Sensex was down 58 points or 0.09 per cent to 59,242. NSE benchmark Nifty declined 10 points or 0.06 per cent to 17,681. In the 50-share pack Nifty, ONGC was the biggest gainer, up 3.90 per cent. Indian Oil, Maruti Suzuki, Adani Ports, UPL, Coal India, HUL, Bharat Petroleum and HDFC were among other gainers. HCL Tech was the top loser in the pack, down 1.22 per cent. Tech Mahindra, Wipro, Cipla, Dr Reddy’s Labs, ICICI Bank, Infosys, Bajaj Finserv and Divi’s Labs were among those that traded in the red.
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Gokaldas Exports launched its qualified institutional placement issue on October 4. The floor price has been fixed at Rs 194.58 per share. The stock is trading 3.20% up
Price as on 05 Oct, 2021 03:10 PM, Click on company names for their live prices.
Jindal Steel and Power trading in green. The company has reported its highest ever quarterly steel sales during July-September of this fiscal, the company said on Tuesday.
Price as on 05 Oct, 2021 03:06 PM, Click on company names for their live prices.
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Sensex surges over 450 points, led by oil and gas, energy & power stocks; IT, Banks show smart recovery
General Provident Fund interest rate for Oct-Dec quarter to remain unchanged
According to a circular issued on the Department of Economic Affairs (DEA) website on October 5, 2021, “It is announced for general information that during the year 2021-22, accumulation at the credit of subscribers of General Provident Fund and other similar funds shall carry interest rate of 7.1% (seven point one percent) w.e.f. 1st October 2021 to 31st December 2021. The rate will be in force w.e.f. 1st October 2021.”
The government has asked state-owned Coal India to diversify its business and explore prospects in areas like electric vehicles and charging pods. Meanwhile, with coal prices rising, the stock is trading 3.55% up.
Price as on 05 Oct, 2021 02:16 PM, Click on company names for their live prices.
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The DoT seeking time from the Supreme Court to review and reconsider its decision to proceed with the appeal against the order of the TDSAT seems yet another step to rectify the past anomalies, in this case the levy of the One Time Spectrum Charge both for spectrum between the 4.4 MHZ to 6.2 MHZ and also for the above 6.2 MHZ. Clearly, the signs of the revival and the future growth of the telecom sector will be a boost to the overall economy also. This will give telcos like Airtel and Vodafone further relief on the amounts owed to the DoT from the past and allow for investment into…
Read More: Stock Market LIVE Updates: Sensex over 400 pts up, Nifty crosses