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The domestic benchmarks were in weak terrain as traders trimmed their holding in automobile, energy and metal shares, said Shrikant Chouhan, Head of Research (Retail) at Kotak Securities. The stronger dollar once again weighed heavily on the rupee, which indicates that foreign investors may have once again pulled the plug on Indian equities, Chouhan added
On the stock-specific front, Maruti Suzuki India, Delta Corp, HDFC Bank, Strides Pharma Science, Zensar Technologies, NBCC, Unichem Laboratories, Bank of Maharashtra, Avenue Supermarts (DMart) and Prince Pipes and Fittings shares will be in focus on Wednesday (October 4)
Shares of Maruti Suzuki India fell 2.46% to close at Rs 10,340.90 in the last trading session. The company has received a draft assessment order from the Income Tax (I-T) department for FY 2019-20 amounting to Rs 2,159.7 crore. Separately, the carmaker said its total production volume (Passenger Vehicle + Light Commercial Vehicles) slipped 1.40% to 1,74,978 units in September 2023 as against 1,77,468 units in the year-ago period.
Shares of Delta Corp tanked 4.06% to end at Rs 136.90. The company announced that Deltin Foundation has been incorporated as wholly-owned subsidiary. It has been in focus lately after the Centre imposed 28% GST on online gaming, which came into effect from October 1. Earlier, online gaming platforms paid 18% GST on the platform fees
HDFC Bank shares fell 1.22% to end at Rs 1,507.95. The private lender is reportedly revamping its top management after the mega merger. HDFC got merged with HDFC Bank on July 1 this year. Separately, HDFC Bank has recently appointed Rakesh Kumar Rajput as the Chief Compliance Officer (COO) for a three-year period
Shares of Strides Pharma Science settled with 2.43% losses at Rs 495.75. Strides Pharma has declared that its step‐down wholly owned subsidiary, Strides Pharma Global, Singapore, has received approval for Icosapent Ethyl Capsules 0.5 gram and 1 gram, from the United States Food & Drug Administration (USFDA). The product complements Strides' range of approved soft gelatin capsules, it added
Zensar Technologies shares rose 2.28% to close at Rs 529.80 on October 3. The company said Samir Gosavi (Senior Vice-President) has tendered his resignation to pursue opportunities outside the organisation. He is an employee of Zensar Technologies USA, subsidiary of the company. Zensar mentioned that his last working day would be October 20
Shares of NBCC (India) shed 0.44% to end at Rs 58.25. The company has received an order from Ali Yavar Jung National Institute of Speech and Hearing Disabilities (Divyangjan), AYNISHD, Mumbai, valued at Rs 25.19 crore
Shares of Unichem Laboratories edged 0.19% higher to settle at Rs 417.60. In an exchange filing, the company said it has received a 'Show Cause Cum Demand Notice' under Section 73(1) of the GST Act, 2017, alleging a tax demand of around Rs 2.74 crore
Bank of Maharashtra (BoM) shares settled with 3.73% gains at Rs 49.46. The lender's total business grew 22.77% (year-on-year) to Rs 4,22,419 crore in the second quarter of current financial year 2023-24 (FY24). in September 2023 quarter, BoM's total deposits and gross advances ascended by 22.19% and 23.55%, respectively
Shares of Avenue Supermarts (DMart) rose 1.31% to close at Rs 3,722.50. The company said its standalone revenue from operations for the quarter ended September 30, 2023, stood at Rs 12,307.72 crore. The total number of stores as of September 30 this year stood at 336, it added
Prince Pipes and Fittings shares shed 0.55% to settle at Rs 693.95. The company said Prakash Hegde has resigned as Vice-President & Chief Human Resource Officer due to personal reasons
"Nifty found support at the ascending trendline on daily charts. The sentiment looks pessimistic for the short term. Looking ahead, the level of 19,480 is expected to serve as a pivotal 'make or break' point. If there is a decisive decline below 19,480, it might trigger heavy selling in the market. On the upside, 19,600 will continue to remain a significant resistance level," said Rupak De, Senior Technical analyst at LKP Securities
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