Over 100 brokers have received Sebi warnings for allowing APIs of algo provider TradeTron, which allegedly provided assured returns

The inclusion of Indian debt in the FTSE Russell Emerging Market Government Bond Index also aided the yields. This inclusion will add to the hefty foreign inflows that domestic debt markets have received over the past year.

Vedanta Ltd on Wednesday informed the exchanges that its board meeting scheduled today was cancelled due to unforeseen circumstances. The Board was supposed to meet today to consider fourth interim dividend for FY25.

South Korea carmaker to sell Rs 27,856 cr worth of shares in Indian arm valued at Rs 1.59 trillion

Indian indices opened higher but closed lower on Thursday. Nifty50 closed 0.12% lower at 24,982. Sensex closed 0.21% lower at 81,467. Nifty struggled to maintain gains, closing just above the 20-DMA. Support at 24,940, resistance at 25,100.

Indian market closed in the red on Wednesday due to profit booking. Sensex fell 160 points and Nifty closed below 25,000. Power, healthcare, and realty stocks gained, while oil & gas, energy, and FMCG stocks declined. Torrent Power, Divi’s Laboratories, and Home First Finance Company hit record highs.

RBI also decides to introduce beneficiary account name look-up facility for RTGS, NEFT transactions

RBI also decides to introduce beneficiary account name look-up facility for RTGS, NEFT transactions

Adani Enterprises on Wednesday approved share sale to large investors via qualified institutional placement (QIP) issue and has set the floor price at Rs 3,117.4750 per equity share.

The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday. The initial share sale received bids for 8,16,77,366 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 6.73 times while the quota for non-institutional investors received 2.58 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on Thursday. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the pri

The fund would be raised through unsecured, rated, listed, subordinated, redeemable, fully paid up, non cumulative, non convertible debentures (NCDs) for an aggregate nominal value of Rs 1,000 crore on a private placement basis, it said.

Faizul Rahman and others used social media to spread their propaganda, and campaign against voting, an NIA official said.

A formal statement on his health will be issued on October 11, it is learnt

A formal statement on Ratan Tata’s health will be issued on October 11, it is learnt

Bond market participants said that the inclusion will not have an immediate effect on the market given that the date of official inclusion is too far away

Forecasts industry AUM to grow at an 18% CAGR between FY24-30

Chandok currently serves as the MD & CEO of ICICI Securities, the broking and investment banking arm of ICICI Bank

Market experts view the steady pace of demat additions as a positive sign for market stability

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Zerodha co-founder Nikhil Kamath expressed desire to be a bank but faced challenges. Despite 62% profit growth in FY24, Zerodha remains the second largest brokerage firm behind Groww.

Telecom Regulatory Authority of India or TRAI has released the "Indian Telecom Services Performance Indicator Report" for the Quarter ending 30th June, 2024. This Report provides a broad perspective of the Telecom Services in India and presents the key parameters and growth trends of the Telecom Services as well as Cable TV, DTH & Radio Broadcasting services in India for the period covering 1st April, 2024 to 30th June, 2024 compiled mainly on the basis of information furnished by the Service Providers.

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TCS is set to report Q2FY25 results on Thursday. Brokerages expect decent numbers due to recovery in BFSI vertical and deal ramps. TCS stock has fallen more than 4% in a month

Sebi has extended the settlement mechanism from 25 stocks earlier to 500 stocks now

UPI Lite was introduced as part of the framework issued by RBI for facilitating small value digital payments in offline mode on January 3, 2022 (updated on Aug 24, 2023).

The domestic equity benchmarks snapped early gains to close slightly lower on Wednesday, as the Reserve Bank of India (RBI) maintained its key policy rates. The Nifty50 struggled to break above the 25,200 resistance level, with a late sell-off in heavyweight stocks dragging the index lower. The broader market outperformed, with mid and small-cap stocks advancing. Pharma and realty shares led the way, while FMCG and energy stocks corrected.

SBI share price today: SBI stock closed 1.91% higher at Rs 797 on BSE. Market cap of the bank stood at Rs 7.11 lakh crore.

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Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest

At the interbank foreign exchange market, Rupee opened at 83.92 and finally settled for the day at 83.96 (provisional)

The offer received bids for 8.16 crore shares as against 1.99 crore shares on offer.

The multibagger stock gained 2.82% intra day to a high of Rs 14,931.75 against the previous  close of Rs 14,522.20 on BSE. The stock of the electronic goods contract manufacturer opened higher at Rs 14,558.

Rajeev Singh Raghuvanshi clarified that the recent reports of "50 fake medicines" being banned were "completely wrong"

Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were set at Rs 5,000, Rs 785, and Rs 1,300, respectively. Nomura expects Indian AMCs to maintain their valuation premium due to higher growth potential and better profitability.

RBI Governor Shaktikanta Das states elevated rates aren’t hindering growth, citing strong economic activity and robust investment intentions

Nvidia supplier Advantest jumped 3.7 percent, Tokyo Electron added 1.2 percent and technology investor SoftBank Group rose 1.3 percent.

The dollar held steady after a notably rally and gold drifted lower while oil recovered some ground, after having fallen more than 4 percent on Tuesday following reports of a possible Hezbollah-Israel ceasefire.

In the filing, the healthcare company said that the eligible investors include but are not limited to identified anchor investors DBS Bank Ltd (DBS), The Hongkong and Shanghai Banking Corporation Ltd (HSBC), Citicorp Investment Bank (Singapore) Ltd., Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.

This IPO will surpass the ₹21,000 crore offering by LIC

The Nifty IT index closed 0.55 per cent up at 42622.75.

BSE Sensex fell to close at 81,467.1 and NSE Nifty dropped to end at 24,981.95

Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong

PFC and REC have corrected up to 25 per cent from their recent highs. They now provide a margin of safety in valuations, MOFSL said.

Hyundai Motor India plans to launch its IPO on October 15. The company aims to expand with a new plant in Pune, enhance EV offerings, and sustain growth through premiumisation and cost optimisation. The festive season is seen as an opportunity to boost sales. Hyundai prioritises export and Make in India strategies for sustainable growth.

EaseMyTrip board to consider bonus shares on October 14. This will be the third time the company has issued bonus shares. Details about the ratio and record date not disclosed yet.

The Nifty Realty index closed 2.15 per cent up at 1052.05.

Credit card: Business credit cards enable users to keep personal and business expenses separate, making it easier for accounting, tax filings, and budget tracking.

As per provisional closing data, the S&P BSE Sensex was down 167.71 points or 0.21% to 81,467.10. The Nifty 50 index shed 31.20 points or 0.12% to 24,981.95.

As per provisional closing data, the S&P BSE Sensex was down 167.71 points or 0.21% to 81,467.10. The Nifty 50 index shed 31.20 points or 0.12% to 24,981.95.

Hyundai Motor India is all set to launch its initial public offering (IPO) next week, that is on Tuesday, October 15, which is said to be the biggest IPO of the Indian stock market.

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Indian indices Nifty50 and Sensex opened higher but closed lower due to FMCG and Oil & Gas sectors. RITES and Divi’s Labs saw significant gains, while ITC and Reliance declined.

Venkatesh Swaminathan navigated the path to financial freedom with his early savings habit and pivotal mentorship. The avid biker speaks about the strategies that helped him build a diversified investment portfolio—complete with a travel fund.

Samir Arora, Helios Capital founder, gives insights on various sectors including NBFCs, FMCG, real estate, and consumption. He mentions the current trends and outlook for these segments, highlighting strong potential in housing finance and microfinance, while noting mixed performance and future prospects for other sectors, particularly impacted by changing consumer behaviors and market conditions.

The Indian rupee ended flat on Wednesday while dollar-rupee forward premiums declined after the Reserve Bank of India kept its benchmark rates unchanged but tweaked its policy stance to "neutral", opening the door for rate cuts.

On October 4, Akzo Nobel India received communication from Akzo Nobel NV that AkzoNobel for a portfolio review with initial focus on Deco South Asia.

Indian indices gained throughout the day but closed flat on Wednesday after the RBI kept rates unchanged. The central bank signaled a potential rate cut. Six large-cap stocks reached new 52-week highs.

Personal loan interest rates are currently higher, especially for those with poor credit. To secure lower rates, borrowers should maintain good credit scores, compare lenders, and consider applying with a co-applicant. Thorough research and negotiation are essential to find the best loan terms.

Adani Enterprises share price today: Adani Enterprises stock was trading 0.45% lower at Rs 3152 on Wednesday. Market cap of the firm stood at Rs 3.59 lakh crore on BSE.

US stocks recovered on Tuesday, following a drop in the previous day. The major averages all ended on a firm note. The Dow saw some intraday volatility but ended higher a gain of 126.13 points or 0.3 percent at 42,080.37. The S&P 500 closed at 5,751.13, gaining 55.19 points or 0.97 percent, while the Nasdaq ended higher by 259.01 points or 1.45 percent at 18,182.92.

Easy Trip Planners added 1.64% to Rs 33.50 after the company said that its board will meet on Monday, 14 October, 2024 to consider and approve the bonus issue.

Vedanta has announced that it has received an order from the Office of the Commissioner of Customs, Tuticorin, Tamil Nadu imposing a penalty of Rs 92.03 crore and a fine of Rs 10 crore along with demand of Customs Duty and applicable Interest.

Some market experts believe that Hyundai Motors India has aggressively priced its IPO leaving little room for upside for the investors. The issue is entirely an OFS of up to 14,21,94,700 shares for Rs 27,856 crore.

A total of nearly 19.61 lakh equity shares of MSTC worth around Rs 138.61 crore have exchanged hands on the BSE and NSE today

Pranik Logistics IPO opens on October 10, priced at Rs 73-77 per share. Proceeds will be used for working capital, technology development, and expansion of fleet and warehousing capabilities.

RMC Switchgears was locked in upper circuit of 5% at Rs 789.05 after the electrical equipment company bagged an order the development of solar power project aimed at solarizing agricultural feeders in Maharashtra for Rs 201 crore.

Consumers are opting for lighter, more affordable jewellery to stay within budget

The land allotment process began in 2014, culminating in possession in 2024. The owner seeks clarification on when the land qualifies as a long-term capital asset and if indexation benefits apply, given the lengthy payment timeline.

Welspun Enterprises received an order from BMC worth Rs 1,989.4 crore to design and construct a Tertiary Treated Water Conveyance Tunnel from Dharavi to Ghatkopar

CDSL share price today: The stock, which closed at Rs 1,538.65 on September 20, 2024 ended at Rs 1362 in the previous session, falling 11.5% during the period on NSE. The stock is not listed on BSE.

NBCC (India) announced that it has received work order from sports and youth service department, government of Odisha.

At 14:30 IST, the barometer index, the S&P BSE Sensex was up 123.25 points or 0.15% to 81,756.87. The Nifty 50 index rose 57.80 points or 0.23% to 25,070.95.

The uptick in the stock price followed the announcement that Zaggle Prepaid Ocean Services has entered into an agreement with Equinox India (formerly Indiabulls Real Estate)

Rites Ltd saw volume of 206.41 lakh shares by 14:14 IST on NSE, a 7.93 fold spurt over two-week average daily volume of 26.04 lakh shares

So, timing may be little uncertain, but it will happen in December, maybe later. But what we think is within the next six months, we think we are decisively on the rate cut trajectory.

The RBI may start interest rate cuts beginning December 2024, with further reductions in early 2025, based on inflation trends and global economic conditions. Analysts note that demand has softened, and global central banks, including the US Federal Reserve, are easing policies, which supports potential rate cuts in India.

The stock quoted a 52-week high price of Rs 264.7 and a 52-week low of Rs 157.65.

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

Tata Technologies rose 1.11% to Rs 1,055.10 after the company has launched the joint venture with the BMW Group namely BMW TechWorks India, to focused on developing automotive software and business IT Solutions.

Mumbai-based Garuda Construction and Engineering is selling its shares in the price band of Rs 92-95 apiece. Investors can apply for a minimum of 157 shares and its multiples thereafter.

A total of 366,877 shares changed hands on the counter till 01:59PM (IST)

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutions Placement (QIP) route to fund its growth plans.

IDFC First Bank will increase its weight in the Bank Nifty index after merging with IDFC Ltd on October 10, attracting $39 million in passive funds amid adjustments affecting other banks.

A total of 592,184 shares changed hands on the counter till 01:49PM (IST)

I think the worst of the selling is over, shakeout is over and the uptrend should possibly resume and continue from here in the coming weeks into Diwali.

Personal loan: Offering flexibility, personal loans cater to diverse needs such as debt consolidation, emergencies, and major purchases. While they typically come with higher interest rates, careful evaluation and understanding of terms can help individuals improve their financial stability.

The stock quoted a 52-week high of Rs 3893.0 and a 52-week low of Rs 1969.4.

A total of 3,503 shares changed hands on the counter till 01:38PM (IST).

Why only help when bankers are in trouble?

​So, hopefully all these factors will continue to remain under control and as we trend downwards towards 4% and as the other central banks have already cut rates, I think we are looking at a situation where the inflation should be under closer to 4% and leading to conditions for a rate cut.

There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.

There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.

At 13:30 IST, the barometer index, the S&P BSE Sensex was up 141.58 points or 0.17% to 81,775.90. The Nifty 50 index rose 64.90 points or 0.26% to 25,078.05.

National Aluminium Company Ltd is quoting at Rs 212.1, down 0.32% on the day as on 13:19 IST on the NSE. The stock jumped 118.66% in last one year as compared to a 27.44% rally in NIFTY and a 45.13% spurt in the Nifty Metal index.

A total of 12,428 shares changed hands on the counter till 01:33PM (IST).

A total of 216,692 shares changed hands on the counter till time (IST).

Here are  essential ways to protect yourself from scams during Diwali and Dussehra festive shopping

Inflation remains a key factor influencing future rate cuts. Most economists expect a cut in December, while some predict it may come in February 2025.

A total of 14,182 shares changed hands on the counter till 01:23PM (IST).

SBI’s 7-year average slippages over FY19-25 is the lowest among large banks, Nomura India said. The outlook for corporate credit quality remains strong, although some near-term blips are possible, it said.

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Investors are switching to sectors with strong earnings visibility. We have changed our portfolio towards high allocation to large-cap, says Nimesh Chandan, CIO, Bajaj Finserv Asset Management

The stock traded at a P/E multiple of 13.03, while the price-to-book value ratio stood at 1.55.

The multibagger stock zoomed 9.16% to a high of Rs 1983.70 on Wednesday against the previous close of Rs 1817.15 on BSE. Earlier, the stock opened higher at Rs 1922.95.

The Relative Strength Index of the stock stood at 42.05 on Wednesday.

Varun Beverages share price gained after the company said that its board has approved raising of funds up to Rs 7,500 crore through Qualified Institutions Placement (QIP).

A total of 12,675 shares changed hands on the counter till 01:07PM (IST)

Here is the list of the companies that will see the end of the lock-in period in the upcoming days, along with their key details

Natco Pharma Ltd is quoting at Rs 1460.95, up 2.42% on the day as on 12:49 IST on the NSE. The stock is up 72.36% in last one year as compared to a 27.7% jump in NIFTY and a 57.37% jump in the Nifty Pharma index.

Persistent Systems Ltd is quoting at Rs 5374.55, up 1.24% on the day as on 12:49 IST on the NSE. The stock is up 86.71% in last one year as compared to a 27.7% spurt in NIFTY and a 31.57% spurt in the Nifty IT index.

HCL Technologies Ltd is quoting at Rs 1813.9, up 1.37% on the day as on 12:49 IST on the NSE. The stock is up 43.75% in last one year as compared to a 27.7% gain in NIFTY and a 31.57% gain in the Nifty IT index.

LTIMindtree Ltd is quoting at Rs 6471.2, up 1.48% on the day as on 12:49 IST on the NSE. The stock is up 22.88% in last one year as compared to a 27.7% spurt in NIFTY and a 31.57% spurt in the Nifty IT index.

Bosch Ltd is quoting at Rs 38741, up 2.04% on the day as on 12:49 IST on the NSE. The stock is up 96.48% in last one year as compared to a 27.7% jump in NIFTY and a 65.7% jump in the Nifty Auto index.

A total of 31,929 shares changed hands on the counter till 01:02PM (IST)

In a strongly-worded statement, while announcing the bi-monthly policy review, Shaktikanta Das asked such NBFCs to be sincere, fair and follow sustainable practices

Aurobindo Pharma Ltd is quoting at Rs 1509.05, up 1.19% on the day as on 12:44 IST on the NSE. The stock is up 67.5% in last one year as compared to a 27.65% spurt in NIFTY and a 57.23% spurt in the Nifty Pharma.

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A total of 480,846 shares changed hands on the counter till time (IST).

JSW Infrastructure said that it has received Letter of Intent from Maharashtra Maritime Board (MMB) for developing and operating a Port at village Murbe in Palghar District of Maharashtra.

Mamaearth has partnered with Meesho. This collaboration is set to make high-quality personal care products more accessible to deep penetrated regions and drive growth in emerging regions.

Institutions are increasingly embracing cryptocurrencies, driven by regulatory clarity, robust security measures, and client demand. This shift enhances market liquidity and stability, integrating digital assets with traditional finance. Notable early investors and collaborations highlight the growing legitimacy and investment opportunities in the crypto market.

Reserve Bank of India or RBI stated today that in order to encourage wider adoption of UPI, it has been decided to enhance the limits for some UPI products. UPI123 was launched in March 2022, with a view to enable feature-phone users to use UPI. This facility is now available in 12 languages. Currently, the per-transaction limit in UPI123Pay is capped at Rs 5000. In order to widen the use-cases, in consultation with the stakeholders, it has been decided to enhance the per-transaction limit to Rs 10,000. Necessary instructions will be issued to NPCI shortly.

Garuda Construction and Engineering’s IPO saw robust interest, especially from retail investors who oversubscribed 5.4 times on day two. The price band is Rs 92-95 per share, with plans to raise Rs 173 crore from fresh equity. Analysts recommend subscribing due to strong order books and promising growth prospects.

The National Company Law Tribunal initiates insolvency proceedings against Syska LED Lights over ₹7.70 crore dues and also appoints interim resolution professionals

The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.

Indian IT giant Tata Consultancy Services (TCS) is forecast to see up to 7.7% year-on-year revenue growth in the September quarter, chiefly driven by the BSNL deal. Analysts expect a net profit uptick of 8-10%, with varied growth estimates from different brokerages.

Indian IT giant Tata Consultancy Services (TCS) is forecast to see up to 7.7% year-on-year revenue growth in the September quarter, chiefly driven by the BSNL deal. Analysts expect a net profit uptick of 8-10%, with varied growth estimates from different brokerages.

According to RBI Governor Shaktikanta Das, growth for the fiscal year will be supported by robust quarterly performances.

Under the FIT, the central bank has ensured that the consumer price index based retail inflation remains at 4% with a margin of 2% on either side

The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.

Analysts foresee gold prices potentially reaching Rs 80,000 per 10 grams due to ongoing Middle East tensions, economic slowdown concerns, and the upcoming U.S. election. Despite potential corrections, festival season buying remains strong, but higher prices might limit physical market volumes in India.

As of 30-Jun-2024, promoters held 63.01 per cent stake in the company, while FIIs held 22.42 per cent and domestic institutional investors had 5.89 per cent.

While the company is yet to disclose its FY24 financials, it reported revenue of Rs 771.76 crore in FY23 and remained profitable for the third consecutive year

Edtech company closed a funding round of $210 mn last month, increased valuation to $2.8 bn

A total of 94,987 shares changed hands on the counter till 12:26PM (IST)

Jindal SAW shares in news today: In the current session, 0.29 lakh shares of the multibagger firm changed hands amounting to a turnover of Rs 1.09 crore. The stock has a beta of 1.5, indicating high volatility in a year.  

Jindal SAW shares in news today: In the current session, 0.29 lakh shares of the multibagger firm changed hands amounting to a turnover of Rs 1.09 crore. The stock has a beta of 1.5, indicating high volatility in a year.  

Multibagger stock: In the current session, 0.29 lakh shares of the metal firm changed hands amounting to a turnover of Rs 1.09 crore. The stock has a beta of 1.5, indicating high volatility in a year.  

Elara Capital initiates coverage on CMS Info Systems with a target of Rs 720, signaling over 20% upside. The company enhances service offerings in loan collection, analytics, and valuable logistics, with projected revenue growth of ~14% through FY24-27E. Strong order pipelines and market positioning in cash logistics support this outlook.

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Torrent Power rallied 5.91% to Rs 1,924.60 after the company announced that it has received letter of awards from Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 2,000 Megawatt (MW) energy storage capacity.

Torrent Power rallied 5.91% to Rs 1,924.60 after the company announced that it has received letter of award from Maharashtra State Electricity Distribution Company (MSEDCL) for supplying 2,000 Megawatt (MW) energy storage capacity.

The Board has granted its in-principle approval to segregate the Automotive and Industrial business through a scheme of arrangement

A total of 140,926 shares changed hands on the counter till 12:12PM (IST).

​Only one surprise which has come out is that the inflation numbers for Q3 is likely to be higher than the earlier projected, that is something a little different, looks like because of that assessment only they did not go in for a rate cut despite the last two numbers having been below Reserve Bank’s target level, they remained conscious that in the very short term, inflation is likely to be little up, that is it.

A total of 4,378 shares changed hands on the counter till 12:06PM (IST)

Shares of Suzlon Energy surged 9.40 per cent on Wednesday to Rs 80.59, commanding a total market capitalization of Rs 1.1 lakh crore market.

On the technical charts, the RSI of the stock stood at 62.93.

Shares of Suzlon Energy surged over 9% to Rs 80.47 on the BSE. The increase follows reports that Suzlon is competing to supply wind turbines to Tata Power. Tata Power seeks bids for a total capacity of 3 gigawatts. Earlier, Suzlon received warning letters from NSE and BSE over corporate governance issues raised by an Independent Director.

IDFC First Bank is seen attracting $39 million in passive inflows due to the corporate action. HDFC Bank Ltd is expected to see $11 million outflows, followed by ICICI Bank ($10 million), SBI $4 million) and Kotak Mahindra Bank ($4 million).

Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped hydro storage plant in Maharashtra.

The stock quoted a 52-week high of Rs 11348.5 and a 52-week low of Rs 6634.6.

The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge

The settlement, which comes after the company raised ₹3,000 crore through a QIP last month, will help SpiceJet strengthen its balance sheet and reduce overall liabilities.

Shares of Senco Gold climbed nearly 5% after the company reported strong business updates for the July-September period. Retail growth increased by 27% year-on-year, with same-store sales growth rising to 20% in Q2, up from 4% in Q1.

Ceinsys Tech zoomed 15.25% to Rs 830 after the company received letter of award (LoA) from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD) for appointment of system integrators worth Rs 331.61 crore.

Domestic cement producers may see profits halved in Q3 due to low volume growth and three-year low prices, amid intense competition and adverse weather impacting demand.

Shares of Neopolitan Pizza and Foods were trading at Rs 20.21 on the BSE, a premium of 1.05% compared with the issue price of Rs 20.

To launch financing schemes for boosting EV adoption and promote sustainability

At 11:30 IST, the barometer index, the S&P BSE Sensex jumped 626.28 points or 0.78% to 82,258.82. The Nifty 50 index added 208.55 points or 0.83% to 25,221.70.

The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts

On the technical charts, the RSI of the stock stood at 42.69.

Kalpataru Projects share rose after the company entered into a definitive agreement for sale of its entire 100% stake in Vindhyachal Expressway, a WOS, to Actis Atlantic for an est EV of Rs 775 crore.

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As of 30-Jun-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.51 per cent and domestic institutional investors had 7.24 per cent.

Welspun Enterprises rallied 3.42% to Rs 557 after the company has secured order worth Rs 1,989.40 crore from Brihanmumbai Municipal Corporation (BMC) for the construction of tertiary treated water conveyance tunnel from Dharavi to Ghatkopar.

A total of 103,451 shares changed hands on the counter till 11:25AM (IST)

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

SpiceJet said the dispute, valued in aggregate at $131.85 million or Rs 1,107 crore, has been resolved for $22.5 million. It marked a step towards strengthening the airline’s balance sheet and reducing its overall liabilities.

Varun Beverages said that its board has approved a proposal to raise funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 7,500 crore, in one or more tranches, through qualified institutions placement (QIP) route.

The three-day subscription window to bid for the Garuda Construction IPO will conclude on Thursday, October 10, 2024

A total of 252,619 shares changed hands on the counter till time (IST).

Oriental Rail Infrastructure added 1.12% to Rs 275 after the company secured an order worth Rs 6.91 crore from Modern Coach Factory (MCF) at Raebareli in Indian Railways.

IREDA share price today: IREDA shares rose 2.07% to Rs 229.25 against the previous close of Rs 224.60 on BSE.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 9.58 per cent and domestic institutional investors had 5.53 per cent.

SpiceJet share price today: SpiceJet settled dispute with Babcock & Brown Aircraft Management for $22.5 million

A total of 33,025 shares changed hands on the counter till 11:11AM (IST)

The RBI on Wednesday also increased the UPI Lite wallet limit to ₹5,000 from ₹2,000 at present

Genus Power is set to become one of the largest beneficiaries of the upcoming smart meter installation drive under the Rs 3-trillion revamped distribution sector scheme, say analysts

The RBIs monetary policy committee with new external members noted that the domestic growth outlook remains resilient supported by domestic drivers private consumption and investment. This provides headroom for monetary policy to focus on the goal of attaining a durable alignment of inflation with the target. The MPC reiterates that enduring price stability strengthens the foundations of a sustained period of high growth. After a transient spike in the near term, headline inflation is expected to moderate as projected above. With better prospects for both kharif and rabi crops and ample buffer stocks of foodgrains, there is now greater confidence on the disinflation path later in the financial year. Keeping in view the prevailing and expected inflation-growth dynamics, which are well balanced, the MPC decided to change the monetary policy stance from withdrawal of accommodation to neutral and remain unambiguously focused on a durable alignment of inflation with the target, while ...

The rise in The Phoenix Mills share price came after the company reported a strong set of September quarter (Q2FY25) and (first half of Financial year 2025 (H1FY25) business update.

The Nifty Realty index was trading 2.3 per cent up at 1053.6.

Torrent Power Ltd saw volume of 1.14 lakh shares by 10:47 IST on BSE, a 4.98 fold spurt over two-week average daily volume of 22926 shares

Arvind SmartSpaces advanced 4.49% to Rs 829.75 after the company signed a new residential apartment project in Bengaluru, with a total estimated saleable area of 4.2 lakh sq. ft. and a top-line potential of Rs 600 crore.

The Reserve Bank of India governor stated in its policy statement that during the current financial year (up to October 8), the exchange rate of the Indian rupee (INR) remained largely range-bound. The INR also continued to be the least volatile among peer EME currencies. This was so even during the high volatility episode, following the unwinding of yen carry trade in early August 2024. The lower volatility of the INR reflects Indias strong macroeconomic fundamentals and improved external sector outlook, On a financial year basis (up to October 8), the Indian rupee (INR) registered lower depreciation (-0.7 per cent) against the US dollar as compared to some of its emerging market peers like Philippine peso, Russian ruble, Turkish lira, Brazilian real, Argentine peso and Mexican peso. During 2024-25 (up to October 8), the INR was the least volatile (in terms of coefficient of variation) amongst peer EME currencies including Chinese yuan, Vietnamese dong, Philippine peso, Turkish lira

So, our preferred picks within the sector are Lodha, which has corrected almost about 12-15% from the top and Godrej Property, which has done exceedingly well and has not corrected much but I think the overall fundamentals, the data points continue to remain positive.

RBI MOC Policy today: The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy

JM Financial said it sees the stock at Rs 3,000 as a strong reversal is in the offing. It suggested traders to keep a stop loss below Rs 2,550 level on a closing basis.

The Equity benchmark indices Sensex and Nifty rise ahead of RBI policy decision, with banking and IT stocks leading the positive trend

Algos versus humans

A total of 1,980,634 shares changed hands on the counter till 10:44AM (IST)

At meeting held on 09 October 2024

A total of 3,371 shares changed hands on the counter till time (IST).

Rites jumped 6.45% to Rs 320 after the company announced that it has signed a Memorandum of Understanding (MoU) with Etihad Rail for developing railways and related infrastructure services works in UAE and wider region.

The dollar index was up 0.03% to 102.58 points

Personal loan: Instant loan is typically given by a bank or financial institution when you share a long lasting relationship with the institution, and by virtue of this relationship, they carry most of your necessary documents required to approve a loan

Celebrity Dalal Street investor Rekha Rakesh Jhunjhunwala has partially offloaded her stake in a multibagger PSU lender during the September 2024 quarter.

At 10:30 IST, the barometer index, the S&P BSE Sensex rose 307.11 points or 0.38% to 81,941.92. The Nifty 50 index added 102.80 points or 0.41% to 25,115.95

The stock quoted a 52-week high price of Rs 7974.25 and low of Rs 3248.0.

The RBI has maintained its key interest rate at 6.5% for the tenth time, as announced by Governor Shaktikanta Das. The MPC also raised the per transaction limit to ₹10,000 and enhanced UPI Lite wallet and transaction limits.

The RBI has maintained its key interest rate at 6.5% for the tenth time, as announced by Governor Shaktikanta Das. The MPC also raised the per transaction limit to ₹10,000 and enhanced UPI Lite wallet and transaction limits

The RBI has maintained its key interest rate at 6.5% for the tenth time, as announced by Governor Shaktikanta Das. The MPC also raised the per transaction limit to ₹10,000 and enhanced UPI Lite wallet and transaction limits

A total of 2,305 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high price of Rs 4666.0 and low of Rs 2881.3.

After evaluating the macroeconomic conditions and future outlook, the Monetary Policy Committee (MPC) decided, with 5 out of 6 members in agreement, to maintain the policy rate at 6.5%, according to the RBI Governor. A neutral stance gives the RBI the flexibility to adjust interest rates based on the direction of inflation, contrasting with the current position of withdrawing accommodation, which eliminates the possibility of rate cuts. Shaktikanta Das noted that domestic growth has sustained its momentum, and the global economy has remained resilient since our last meeting. However, downside risks persist due to geopolitical conflicts, financial market volatility, and elevated public debt. On a positive note, world trade is showing signs of improvement. Governor Das further stated that food inflation pressures may ease due to favorable conditions from kharif sowing and good soil moisture. Additionally, it appears that core inflation has bottomed out. However, a recent increase in ...

The Nifty Pharma index was trading 1.08 per cent up at 23559.25.

Credit card: The amount of liability a credit card user has to incur on account of unauthorised transaction on a lost credit card is governed by the rules framed by the Reserve Bank of India (RBI)

The Phoenix Mills rallied 4.09% to Rs 1,724.35 after the company said that its total consumption stood at approximately Rs 3,289 crore in Q2 FY25, registering a growth of 25% year on year (YoY).

The MoU aims to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region

The SME IPO market in India is slowing down due to stricter regulations. Subscriptions and listing gains have declined. The new norms aim to enhance market stability by ensuring only financially strong companies get listed. This shift follows concerns about price manipulation and inflated valuations, aiming to improve the quality of listed companies.

On the technical charts, the RSI of the stock stood at 50.66.

Indian benchmark indices end a six-day losing streak with Nifty closing above 25,000. Dixon Technologies shows strong bullish momentum, while Indian Hotels rebounds from a support zone. Both stocks exhibit positive technical and derivative indicators, suggesting potential short-term gains.

Varun Beverages said the money raised will be utilised for making investments in subsidiaries, joint ventures or associates by way of equity, preference capital, or debt, or to fund the growth of existing businesses.

The stock traded at a P/E multiple of 16.81, while the price-to-book value ratio stood at 1.81.

The meeting, which began on October 7, has garnered significant attention, as the RBI has maintained the repo rate at 6.50% for the past nine consecutive meetings.

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.

Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state

At meeting held on 09 October 2024

Credit card users in India can boost rewards during the festive season by leveraging special promotions from banks and e-commerce sites, with discounts of 10%-15%

Consumer goods stocks were trading in the positive zone, with the BSE Consumer Discretionary index rising 135.91 points or 1.28% at 10759.14 at 09:47 IST.

The Board has also approved the appointment of Ajoy Choudhury as Chief Risk Officer on fixed tenure basis for two years.

SpiceJet has achieved a significant financial milestone with the amicable settlement of its dispute with its the lessors, Horizon Aviation 1, Horizon II Aviation 3, and Horizon III Aviation 2, which are the lessors under the management of Babcock & Brown Aircraft Management (BBAM). The dispute, valued in aggregate at $131.85 million (approximately ₹1,107 crore) with aforesaid lessors has been resolved for $22.5 million.

Several brokerages remain bullish on seven stocks, including IndusInd Bank, SBI, and ACC, predicting potential rallies up to 51%. Analysts believe these stocks, reflecting strong buys across the banking, finance, and cement sectors, could see significant upside based on their current market prices.

Several brokerages remain bullish on seven stocks, including IndusInd Bank, SBI, and ACC, predicting potential rallies up to 51%. Analysts believe these stocks, reflecting strong buys across the banking, finance, and cement sectors, could see significant upside based on their current market prices.

Motilal Oswal Financial Services has buy call on Avalon Technologies with a target price of Rs 690. The current market price of Avalon Technologies is Rs 564.65.

We have highlighted the top five Nifty200 stocks with prices exceeding their book value, based on a valuation scan by Stockedge.com.

RITES share price today: RITES stock has gained 28.55 per cent this year and risen 37.22 per cent in one year.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The uptick in IRB Infrastructure Developers share came on the back of strong toll revenue collection in September 2024.

The stock climbed 5 per cent to hit a high of Rs 707.80. It is up 195.66 per cent in 2024 so far, 325.02 per cent in one year and 1,127.39 per cent in the past two years. 

At 09:28 IST, the barometer index, the S&P BSE Sensex rose 136.92 points or 0.16% to 81,769.91. The Nifty 50 index added 46.90 points or 0.19% to 25,060.05.

Ajmera Realty & Infra India added 2.75% to Rs 650.95 after the company reported collections of Rs 133 crore in Q2 FY25, up by 20% from Rs 111 crore recorded in Q2 FY24.

Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Tata Motors will capture attention as Tata Power seeks over 3 GW of wind turbines for its hybrid energy facilities, with potential orders exceeding Rs 21,000 crore. Bidders include Siemens Gamesa and Suzlon Energy. Plans aim for 20 GW capacity by 2030, as Tata Power shifts towards 100% clean energy by FY45.

National Aluminium Company Ltd has added 22.22% over last one month compared to 6.31% gain in BSE Metal index and 0.32% rise in the SENSEX

Hindustan Petroleum Corporation Ltd has lost 3.45% over last one month compared to 2.44% fall in BSE Oil & Gas index and 0.32% rise in the SENSEX

After a significant 1,420-point drop in Nifty over six days, historical trends show potential for recovery, bolstered by domestic institutional and retail investors. A six-day consecutive fall has often led to positive returns, suggesting short-term declines may offer strategic buying opportunities.

With revenue potential of Rs 600 cr

Gold and silver futures contracts opened with slight changes on MCX today as traders booked profits. The market is reacting to potential de-escalation in the Middle East and anticipated U.S. inflation data. Gold December futures are slightly down, while silver December futures are up. Market volatility is expected to continue due to these factors.

Silver price today: Silver prices crashed to their lowest level since September 19, on Tuesday, as commodities tumbled on multitude of bearish developments

Alembic Pharmaceuticals added 2.50% to Rs 1277.65 after the company announced the successful completion of the United States Food and Drug Administration (US FDA) inspection for its oncology formulation facility located at Panelav, Gujarat.

The additional stake was acquired for a cash consideration of Euro 2.3 million in primary investment and Euro 0.7 million in secondary investment.

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Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.

To jointly develop railways infrastructure in UAE

Over the past year, Nifty50 has delivered a robust 30% return, and mid- and small-cap indices have materially outperformed the large-cap during the same period. This strong performance was on the back of a domestic growth story, good visibility of earnings growth, a stable macro-environment, and resilient flows.

BPCL, JSW Steel Ltd, Reliance Industries Ltd, ONGC, and Tata Steel Ltd are expected to drag the Nifty earnings in the September quarter, analysts said.

RITES Ltd stock closed 1.64% higher at Rs 300.60 on Tuesday against the previous close of Rs 295.75 on BSE. The stock has gained 20 per cent this year and risen 25 per cent in one year.

Hyundai Motor India will launch its IPO on October 15, aiming to raise up to Rs 27,856 crore. The offer includes up to 14.2 crore shares. QIBs have 50% reserved, retail investors 35%, and non-institutional investors 15%. The tentative listing on NSE and BSE is on October 22.

IRB Infrastructure Developers toll collection jumped 19% to Rs 502 crore in September 2024 as against Rs 421 crore posted in September 2023.

The multibagger stock ended 5.16% higher at Rs 151.80 on  Tuesday. The stock saw a high turnover of Rs 76.38 crore with 51.60 crore shares changing hands on BSE.

The HUF filed its income tax return late and overlooked claiming TDS credit. Despite multiple applications, the TDS was not credited. The expert advises filing a revised ITR before the deadline and emphasizes the importance of the right to claim legitimate amounts, regardless of their size

GIFT Nifty:

What caused the slump in the Indian textile sector in the last two financial years?

Government bond yields may fall by up to 5 basis points in the early hours of trade on Wednesday as the prospect of sustained overseas flows is likely to boost market sentiment. However, an hour into trade, bond traders will take fresh cues from the Reserve Bank of India’s policy statement which is scheduled at 10 am. Yield on the 10-year government bond closed at 6.82% on Tuesday.

SAIL, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertillisers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank

K pops

Mangalore Refinery And Petrochemicals Ltd, Gujarat Mineral Development Corporation Ltd, UCO Bank, Indian Overseas Bank, MMTC Ltd and KIOCL Ltd have also come out with their shareholding patterns.

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

So, I think that bit of the pie for listed players will expand. Between the two, I would like to recommend and even try to buy Hyundai post listing. I do not really invest in IPOs, it is a big waste of time. But Hyundai, if you get it at a good price, it is something you should buy and hold in your portfolio. This is a sector which should do really, really well going forward. So, yes, and Swiggy, I am really not sure even with Zomato, if with all these businesses, Blinkit and everything else that they are doing.

An analyst from Master Capital said that Ipca Labs has been in a sustained uptrend, as evidenced by the formation of higher highs and higher lows on the daily chart.

Edelweiss Financial Services has launched a Rs 200 crore public issue of Secured Redeemable Non-Convertible Debentures (NCDs), offering yields of up to 11% per annum. With 12 series of NCDs, the funds will primarily be used to repay existing borrowings. The issue opens on October 7 and will be listed on BSE.

Jindal SAW share price: The multibagger stock has rallied 123 per cent in past one year and a solid 804 per cent in the past five years.

Nifty has retraced 23.6 per cent of the entire fall seen from its all time high. Nifty has also closed near its 50 DMA(25,045).

The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,990

JSW Infrastructure announced the resignation of Arun Maheshwari as its Managing Director and CEO. Maheshwari, shifting roles within the JSW group, will stay on as a Non-Executive Director until November 7, 2024. Shares of JSW Infrastructure closed at Rs 323.45 after a recent gain, having outperformed the market significantly over the last year.

An analyst at Swastika Investmart said that TCS has witnessed some profit booking from higher levels due to recent market conditions, but has been trading near its important support zone.

Sales rise 54.32% to Rs 5.00 crore

Sales decline 30.46% to Rs 16.55 crore

Sales rise 27.33% to Rs 35.36 crore

Sales decline 63.70% to Rs 7.99 crore

Reported sales nil

Ten stocks, including Bandhan Bank, Birlasoft, and PNB, are banned from F&O trading due to high open interest exceeding 95% of the market-wide position limits. The ban is reversed if open interest drops below 80%. Indian indices rebounded driven by HDFC Bank and Reliance Industries ahead of RBI policy decisions.

At 6:34 AM, GIFT Nifty Futures were trading 25 points higher at 25,157, suggesting a flat to positive start for Indian markets.

Stock Market Today: Analysts anticipate a weak Q2FY25, with potential profit dips due to declining refining margins for Reliance Industries.

The IPO of Hyundai Motors India will be entirely an offer for sale by South Korean auto major Hyundai Motor Company, who will offload up to 14,21,94,700 equity shares.

The Nifty Bank Index is positioned near its key support levels, making this an ideal time to adopt a "buy on dips" strategy.

Shares in Australia and Japan rose as did Hong Kong equity futures following sharp declines on Tuesday. US equity futures dropped after the S&P 500 rose 1% and the tech-heavy Nasdaq 100 advanced 1.6% Tuesday. Chipmakers were among the market leaders with Nvidia Corp. extending a five-day rally to 14%.

The IT services company expanded its four year collaboration with Old National Bank to accelerate the Bank’s operational and technological transformation.

This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.

Creating a private trust helps parents to set aside money and assets for the benefit of a child who, owing to a disability, is not capable of managing their finances independently.

General insurance companies are likely to see a slowdown in premium income due to muted growth in the motor segment. Also, the claims from natural catastrophes are going to affect the overall profitability of insurance companies. At the same time, standalone health insurance companies are likely to see higher claims due to seasonal diseases and medical inflation.

Revenue is expected to grow by 5.6%, the lowest in nine quarters under observation. Net profit may grow by 11% helped by select companies in the banking, finance, pharmaceuticals and telecom sectors.

Societe Generale, BNP Paribas, and Credit Agricole have received an extension from the Autorite des Marches Financiers (AMF) of France to continue transacting with the Clearing Corporation of India (CCIL), weeks before an October 31 deadline to cease such transactions was to come into effect, sources aware of the developments told ET.

The loan was priced at 175 basis points above the three-month secured overnight funding rate (SOFR), which was trading at 4.59%. That pegs the floating-rate loan at 6.34%, people familiar with the matter said.

Mid-cap and small-cap stocks also fell in such periods, tracking the benchmark indices. In the subsequent three months, the mid-cap index rose seven times and fell thrice, while the small-cap index gained six times and declined four times.

Elsewhere in Asia, China advanced 4.6%, while Hong Kong, considered a proxy for China in the past week because of the holiday in mainland markets, plunged 9.4%, the biggest single-day fall since 2008. South Korea declined 0.6% and Taiwan dropped 0.4%.

Tata Power is pursuing bids for wind turbines to equip its wind-solar hybrid renewable energy projects, expecting to install over 3GW with a potential expansion to 5GW over five years. Major manufacturers like Siemens Gamesa and Suzlon are involved, with investments estimated at $9 billion.

At present, AIFs have been designated as qualified institutional buyers(QIB) and can avail certain benefits under Sebi rules. On Tuesday, Sebi said AIFs should not facilitate investors who are ineligible for QIB status on their own from availing the benefits.

Les gros fromages

The Public Accounts Committee (PAC) is already slated to undertake such a review at its next meeting on October 24

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday. The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription. Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on October 10. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the