Israel-Hamas war spooks markets; Sensex plunges 483 pts, Nifty nears 19,500

Closing Bell on Monday, October 09: Brent crude oil prices were up 3.5 per cent at $87.5 per barrel as Israel-Hamas war intensified

11:30 AM

Oil India rallies to 8-year high, nears fresh peak as crude price rebounds

The stock of the state-owned oil exploration & production company was quoting near its all-time high price of Rs 334.98 touched on September 9, 2014. READ

11:14 AM

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade. READ

11:03 AM

Indian auto sales surge 20% in September, despite slump in tractors

Except for tractors, which witnessed a 10 per cent decline in sales, all other automotive categories experienced significant growth. Two-wheelers posted a robust 22 per cent increase, three-wheelers soared by 49 per cent, passenger vehicles saw a steady 19 per cent rise, and commercial vehicles also reported a 5 per cent growth. Three-wheeler sales reached an all-time high in September, with 102,426 units sold, a jump from the 68,937 units sold in the same month last year. This surpassed the previous record set in August 2023, which stood at 99,907 units. READ MORE

10:48 AM

TCS hits 52-week high, gains 1% in weak market on share buyback plan

The last time TCS came up with a buyback plan was in 2022 March. The buyback share price per share was Rs 4,500 with a total buyback size of Rs 18,000 crore. The company completed its buyback programme between March 9 to March 23. READ MORE

10:33 AM

ALERT :: Restaurant Brands Asia to avail secured term loan facility from Axis Bank

10:18 AM

Bond market :: Yields on 10-year G-Sec harden on Monday

10:04 AM

Expert View :: How should investors trade amid Israel-Hamas war?

The Israel-Hamas conflict has introduced a huge uncertainty for the markets. Nobody knows how this war is going to evolve. From the market perspective it is important to understand that even though the death and destruction are tragic, presently it is unlikely to cause major disruption in oil supplies thereby impacting major oil importers like India. But the situation will change if Iran, a major Hamas supporter, is drawn into the war. That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market.
 

This is a time to be cautious. Investors may refrain from taking big risks. Wait for the developments to unfold. Long-term investors can slowly accumulate high quality stocks on decline.

Views by: V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

9:53 AM

ALERT :: Market off lows; Sensex now down 250 pts

9:44 AM

Purvankara sheds 3% on I-T searches at office premises

>> The Income Tax Department has carried out searches at the registered office and other premises of the company. 

9:39 AM

KPI Green sharply off lows on new order win

>> The company received new orders of 4.20 MW to execute solar power projects under a Captive Power Producer segment. With this order, its cumulative solar power projects have crossed 100 MW plus. 

9:37 AM

Prestige Estates gains 2% as Q2 sales jump 100% YoY

>> The company's sales recorded a 102 per cent year-on-year growth to Rs 7,092.6 crore for Q2FY24. 

9:35 AM

Som Distilleries declines over 4% on report that company has withdrawn QIP

9:31 AM

Bank of Baroda down 1.5% on profit booking post Q2 update

>>  The lender said its total business crossed the Rs 22 trillion mark in Q2FY24, up 15.88 per cent over a year-ago period. Its total advances rose 17.43 per cent and deposits grew by 14.63 per cent.

 

9:27 AM

Titan falls 1.5% despite healthy Q2 biz update

>> The company has reported revenue growth of 20 per cent on-year for Q2FY24.

9:25 AM

TCS up half a per cent on buyback plan