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Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

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	<strong>Stock market highlights</strong>: Easing bond yields in India, coupled with decline in oil prices globally, lifted equities in India on Friday. The benchmark S&P BSE Sensex surged 320 points, or 0.49 per cent, to end at 65,828. The Nifty50, on the other hand, gained 115 points to shut shop at 19.638.&nbsp;</div>
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	The indices, however, ended sharply off intraday highs of 66,152 and 19,726, respectively.</div>
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	Among the stocks that lent support to the frontline indices, Hindalco jumped 5.7 per cent, NTPC nearly 4 per cent, and Dr Reddy&#39;s Labs, Divis Labs, Tata Motors, Hero MotoCorp, Apollo Hospitals, ONGC, Sun Pharma, Cipla, Tata Steel, JSW Steel, SBI, Bajaj Auto, IndusInd Bank, ICICI Bank, and ITC added between 1 per cent and 3 per cent.&nbsp;</div>
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	The draggers, however, included Adani Enterprises (down 2.4 per cent), LTIMindtree, HCL Tech, Power Grid, Tech M, Infosys, Asian Paints, and TCS.&nbsp;</div>
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	In the broader markets, the BSE MidCap index outperformed its peers as it gained over 1 per cent. The BSE SmallCap, meanwhile, advanced in-line with benchmarks, up 0.6&nbsp; per cent.</div>
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	Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent, followed by the Nifty Metal (2 per cent), and the Nifty PSU Bank (1.6 per cent) indices.&nbsp;</div>

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Business Standard

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show | News on Markets - Business Standard

ALERT :: Inflation in Tokyo grows at slowest rate in a year

&gt;&gt; Inflation in the Japanese capital grew at the slowest rate in a year, coming in at 2.8% for September compared to the 2.9% in August.<br />
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&gt;&gt; The last time the inflation rate was this low was in September 2022.
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	&gt;&gt; The core inflation rate stood at 2.5%, lower than the 2.6% expected in a <em>Reuters </em>poll<br />
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	<em>Source: CNBC</em><br />
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Global markets :: US futures slide after strong show overnight

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Global markets :: Asian indices mixed; Nikkei reverses gains

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Global markets :: Wall Street ends higher led by Nasdaq

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Bond market :: Yields on 10-year G-Sec ease Friday

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Broader markets :: Nifty MidCap index ends over 1% up

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Sectoral trends :: All but IT stocks eke out gains

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Sensex Heatmap :: IT stocks drag index off highs

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Closing Bell :: Sensex rises 300 pts but ends off highs

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Standard Chartered does not see rupee cross 84 even if dollar climbs

&ldquo;When the tide turns, whenever the dollar starts weakening, we expect RBI to step in from the other side, collect and build dollar reserves even further and not allow rupee to appreciate too much,&rdquo; Sinha said. &ldquo;It&rsquo;s going to be a balancing act, with the RBI present on both sides to reduce volatility and provide rupee the stability that all investors love.&rdquo; <a href="https://www.business-standard.com/finance/news/standard-chartered-does-not-see-rupee-cross-84-even-if-dollar-climbs-123092900563_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Stock of this Gujarat government-owned company has zoomed 91% in 7 weeks

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007. <a href="https://www.business-standard.com/markets/news/stock-of-this-gujarat-government-owned-company-has-zoomed-91-in-7-weeks-123092900581_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Representative Image" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/18/full/1660824260-6264.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Lignite" /></div>

Glenmark Pharma soars 10% after S&P Global upgrades outlook to positive

The rating agency expects Glenmark to significantly reduce debt on completion of the GLS sale and maintain healthy earnings. <a href="https://mybs.in/2cHsWKx" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

&quot;Accenture&#39;s results offer negative read-throughs for Wipro due to continued weakness in consulting and TechM, LTIMindtree due to pressures on the CMT vertical and North America. We remain selective,&quot; Agarwal and Pant of Jefferies said. <a href="https://www.business-standard.com/markets/news/accenture-guidance-delays-hopes-of-demand-pick-up-for-indian-it-analysts-123092900315_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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NTPC soars 6%, hits new high on strong biz outlook; up 52% so far in CY23

The stock of the state-owned power generation company has surpassed its previous high of Rs 245.90, touched on September 20, 2023. At 11:12 AM, NTPC was trading 3.5 per cent higher at Rs 246.15 as compared to 0.34 per cent rise in the S&amp;P BSE Sensex. Average trading volumes on the counter jumped 1.7 times today with a combined 21.78 million equity shares of NTPC having changed hands on the NSE and BSE. <a href="https://www.business-standard.com/markets/news/ntpc-soars-6-at-new-high-on-strong-biz-outlook-zooms-52-so-far-in-cy23-123092900306_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Sebi advises MCX, MCXCCL to furnish detailed comments on issues raised by CFMA

&gt;&gt; Sebi advises MCX to submit response to Chennai Financial Markets and Accountability along with supporting documents by October 03, 2023.<br />
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&gt;&gt; The same would also be placed before the Sebi Technical Advisory Committee<br />
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&gt;&gt; Stock off lows<br />
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Trading strategies for stocks that doubled your money in 2023

The NSE benchmark index, the Nifty50 has gained 8 per cent so far, whereas the broader Nifty 500 index has galloped over 11 per cent on hopes that the Indian economy will maintain its growth trajectory amid crisis in other world economies. Also, rising investor participation with steady flows through the mutual funds route has helped stem downsides in times of sudden volatility. <a href="https://www.business-standard.com/markets/news/trading-strategies-for-stocks-that-doubled-your-money-in-2023-123092900249_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Navin Fluorine tanks 10% as MD Radhesh Welling resigns

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	In an exchange filing, NFIL said Radhesh R. Welling has tendered his resignation as the managing director and a director on the Board of the company for personal reasons. His resignation was accepted by the Board at the meeting held on Thursday, September 28. <a href="https://www.business-standard.com/markets/news/navin-fluorine-tanks-10-on-resignation-of-md-radhesh-welling-123092900175_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Asian Paints top Nifty drag; IT adds pressure

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HEATMAP: Gainers outnumber losers on Sensex

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OPENING BELL: Sensex opens 200 pts higher

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CURRENCY ALERT: Rupee opens at 83.13/$ vs Thursday's close of 83.18/$

WATCH :: Are consumption stocks a good bet ahead of festive season?

Consumption related companies have seen the heat of input price inflation, but the coming festive season could turn their fortunes around. Find out which pockets find favour with analysts <a href="https://www.business-standard.com/shows/the-morning-show/are-consumption-stocks-a-good-bet-ahead-of-festive-season-3185.htm" target="_blank"><strong>WATCH HERE</strong></a><br />
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Stocks to Watch: Adani Group, TVS, Bajaj Auto, ICICI Lombard, Emami

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	<strong>Bajaj Auto, TVS Motor:</strong> Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6,423 EV registrations compared to 6,466 registrations by Ather as on Thursday. Similarly, TVS Motor too has gained a substantial share in the electric two-wheeler segment.&nbsp; READ MORE</div>
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	<strong>Eveready Industries</strong>: With a focus on premiumisation, Eveready is pushing &lsquo;Ultima&rsquo; as a sub-brand to power the segment.&nbsp; The newly-launched Ultima Pro alkaline battery range boasts of up to 800 per cent longer-lasting claim. The target is high-drain applications such as toys, video games, smart remotes, wireless keyboards, trimmers, and medical equipments. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-adani-group-tvs-bajaj-auto-icici-lombard-emami-123092900080_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gift Nifty check :: Index at 19,647, up 10 points

ALERT :: Sebi advises MCX to keep the new trading platform in abeyance

&gt;&gt; Sebi has forwarded a copy of the letter from Chennai Financial Markets and Accountability (CFMA) regarding CDP.<br />
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&gt;&gt; It may be noted that writ petitions filed by CFMA on CDP is pending before the Madras High Court for disposal<br />
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	&gt;&gt; The regulator has informed that since the matter involves technical issues, the same would be discussed in the Sebi Technical Advisory Committee meeting, which would be held shortly.</div>

ALERT :: Indian bonds still on FTSE watchlist, no inclusion yet, says report

&gt;&gt;&nbsp;Indian bonds will continue to remain on the FTSE Fixed Income Country Classification watch list for a potential inclusion in the FTSE Emerging Markets Government Bond Index, an official statement said.<br />
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&gt;&gt;&nbsp;India was added to the FTSE Fixed Income Country Classification watch list in March 2021.<br />
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&gt;&gt;&nbsp;Some of the issues highlighted by FTSE&nbsp; include the efficiency of Foreign Portfolio Investor (FPI) registration, operational issues related to the settlement cycle, trade matching, and tax clearance processes.<br />
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<em>Source: TV reports</em><br />
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