Equity Alert
Nifty 50 Oct ends at 58.60-point premium to spot index
This story was originally published at 16:07 IST on 23 October 2025
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Equity Alert: Nifty 50 Oct ends at 58.60-point premium to spot index
MUMBAI--1558 IST--The October futures contract of the Nifty 50 closed at a premium of 58.60 points to the spot index Thursday. Open interest in the contract fell over 4% to 16.68 million, according to provisional data.
--Nifty 50 closed at 25891.40 points, up 22.80 points or 0.1% vs Tue
--Nifty 50 October closed at 25950 points, up 43.70 points or 0.2% vs Tue
Nifty 50 options, expiring Tuesday, with maximum change in open interest:
Call: 27000, Put: 25000
Nifty 50 options, expiring Tuesday, with maximum open interest:
Call: 27000, Put: 25000
(Anjana Therese Antony)
Equity Alert: Indices close tad higher, give up gains on profit-taking
MUMBAI--1535 IST--India's headline indices closed marginally higher Thursday, coming off the day's high towards the end of the session on likely profit-taking, analysts said. The indices extended gains for the sixth straight session and notched new one-year highs. They likely rose after reports said India and the US will cut a trade deal sooner than expected, bringing tariffs down to a lower rate. Investors turned bullish on textile makers and shrimp exporters, who stand to benefit from lower tariffs. Stock exchanges were closed Tuesday and Wednesday for Diwali but conducted a one-hour muhurat trading session Tuesday afternoon.
India and the US are closing in on a trade deal that could bring the current tariffs on Indian exports down to 15-16% from a punitive 50%, Mint reported early Wednesday, quoting three people in the know. Energy and agriculture are the key sectors being negotiated between the countries, according to the report. The newspaper added that India may agree to gradually reduce its imports of Russian crude oil.
The Nifty 50 closed at 25891.40 points, up 22.80 points or 0.1%. The 50-stock index had notched a new one-year high of 26104.20 points earlier in the session. This intraday high is just 170 points short of the Nifty 50's all-time high of 26277.35 points hit on Sept. 27, 2024. The BSE Sensex closed at 84556.40 points, up 130.06 points or 0.2%.
Information technology stocks saw the most buying interest during the session. Large-caps such as Infosys, HCL Technologies, and Tata Consultancy Services closed 2-4% higher. These stocks likely rose as sentiment improved on India and the US signing a trade deal soon, as this sector also faces tariff threats from the US. There was optimism also on the back of the US considering curbs on the export of American software to China. This may benefit Indian IT majors as they may get a chance to replace those softwares from the US.
Textile companies such as Vardhman Textiles, Welspun Living, and K.P.R. Mill gained 4-7% on news of the likely India-US trade deal lowering tariffs. This will help them compete with manufacturers from Bangladesh and Vietnam, who currently have 20-35% tariffs, as against 50% tariffs on Indian goods exports. Shrimp-exporters such as Avanti Feeds and Apex Frozen Foods also gained 5-8%. Many of these textile makers and shrimp exporters have high exposure to the US market. (Gopika Balasubramanium)
Equity Alert: Vodafone Idea up on spike in volume, shift to Indian vendors
MUMBAI--1450 IST--Shares of Vodafone Idea rose around 7% to INR 9.60, their highest level in over eight months, due to a surge in volumes and on reports that the company is collaborating with domestic network equipment vendors to reduce costs, speed up rollouts, and localise its fourth-generation and fifth-generation network infrastructure. As at 1432 IST, over 1 billion shares of the company had changed hands on NSE, nearly double the one-year average trading volume of 566.98 million shares.
The debt-ridden telecommunication operator is making a strategic shift towards domestic telecom technology as part of its turnaround plan, Moneycontrol reported Tuesday citing sources. "Vodafone Idea wants to work with more Indian vendors for our requirements wherever possible to cut costs and to have a faster time to market. We are currently trialling Tejas 4G and 5G equipment in one of the circles. We are seeing if it is a mature tech as per our requirements. If they are good, we will be happy to deploy," Moneycontrol quoted a source familiar with the matter as saying.
On Oct. 13, the Supreme Court had deferred to Oct. 27 the hearing of the company's plea seeking quashing of additional adjusted gross revenue demand by the Department of Telecommunications, on a request from Solicitor General of India Tushar Mehta, who is appearing for the government. This was the fourth time the hearing was scheduled on Vodafone Idea's plea.
At 1432 IST, shares of the company were up over 5% at INR 9.48. The stock is up for the third straight session and has gained over 10% in this period. So far this year, the stock has risen nearly 21% compared to around a rise of 10% in both Nifty 50 and Sensex. Of the seven research reports on the company available with Informist, four have a 'hold' or equivalent rating on the stock with an average target price of INR 8, two have a 'sell' rating, and one has a 'buy' rating on the stock. (Arya S. Biju)
Equity Alert: Better-than-expected earnings push European indices higher
MUMBAI--1423 IST--Most indices in Europe were higher in early trade Thursday ahead of the earnings by major companies in the region. Oil companies across the continent gained after the US announced new sanctions on two largest Russian oil companies to pressure Moscow into negotiating a peace deal with Ukraine. Germany's DAX Performance index traded lower in early trade.
Shares of Kering rose nearly 9% in the French equity market after the Gucci owner reported stronger-than-expected sales for the September quarter and signalled improvement across its brands, a report by Reuters said. Shares of Nokia rose almost 9?ter the company's earnings beat market estimates. The company had issued a lower profit warning in July due to the impact of US tariffs, market slowdown, and a weaker dollar. Meanwhile, Germany and the UK-listed shares of Tesla fell after the company's quarterly profit missed Wall Street expectations due to tariff and research costs.
Countries in the European Union formally adopted the 19th package of sanctions against Russia on Thursday following US sanctions of Russian oil companies Rosneft and Lukoil. Shares of UK's BP and Shell advanced over 2?ch and Aker BP rose nearly 5%. Equinor gained over 3%.
Major European companies such as Roche Holding, Unilever, Vinci, Thales, LSEG, Dassault Systemes, Antofagasta, Swedbank, and Lloyds Banking Group are among the other companies slated to release their earnings later in the day.
Following were the levels of major European indices at 1409 IST:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
9527.23 |
0.13 |
|
CAC 40 |
8240.17 |
0.41 |
|
MIB INDEX |
42448.38 |
0.57 |
|
DAX PERFORMANCE-INDEX |
24085.1 |
(-)0.27 |
|
SLI |
2043.95 |
0.15 |
(Eshitva Prakash)
Equity Alert: Asian indices end mixed; Kospi snaps 6-day rising streak
MUMBAI--1410 IST--Asian indices ended mixed Thursday as US sanctions against Russian oil companies and possible new export curb by the US on a wide range of software-powered products, like laptops to jet engines, to China had market participants concerned about fresh global trade headwinds. South Korea's Kospi closed nearly 1% lower after hitting a fresh high during the day. The index snapped a six-day rising streak. Markets in China closed higher ahead of the outcome of the Chinese Communist Party's fourth plenum, which will define the country's five-year economic plan.
US officials said they were mulling a curb on critical software-powered exports to China. Media reports said this is in retaliation to Beijing's latest round of rare earth export restrictions. "The market is adopting a wait-and-see attitude right now, as Donald Trump's remarks often change... investors will stay cautious until the meeting (with Xi Jinping) is confirmed. So for the time being, market conditions will likely remain volatile," the South China Morning Post quoted Kenny Tang, chairman of the Hong Kong Institute of Financial Analysts, as saying.
Chinese oil company CNOOC rose over 1% and its peer PetroChina advanced over 3%, after Trump announced sanctions on Russia's largest oil producers. Chinese benchmark CSI 300 index recovered from an early fall and closed 0.3% higher and Hong Kong's Hang Seng index advanced 0.7%. Traders await further information from the Chinese government plenum. "At key moments and critical junctures, the party Central Committee's timely assessments of situations and decisive actions can ensure China's economic ship sails steadily through the waves and stays on course," South China Morning Post quoted an article by the state-run People's Daily news.
South Korea's Kospi fell nearly 1?cause of a fall in shares of technology hardware manufacturers. Shares of Renesas Electronics Corp. fell 5.6% and those of Sumco Corp. dropped 5.2%. Meanwhile, the Bank of Korea kept its benchmark interest rates on hold at 2.5%, as expected by analysts polled by Reuters.
Japan's Nikkei 225 index closed 1.4% lower. Shares of SoftBank ended nearly 5% lower after it announced plans to issue US-dollar and euro-denominated bonds as the company seeks to increase its artificial intelligence investments. The Japanese conglomerate will issue around $2 billion bonds in two tranches, and about 750 million euros or $870 million worth of hybrid notes, CNBC reported.
Following were the levels of key Asian indices at 1323 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4606.34 |
0.30 |
|
Hang Seng Index |
25967.98 |
0.72 |
|
Nikkei 225 Day |
48641.61 |
(-)1.35 |
|
TOPIX FIRST SECTION |
3253.78 |
(-)0.39 |
|
KOSPI |
3845.56 |
(-)0.98 |
|
FTSE Singapore Strait Times |
4408.46 |
0.33 |
|
S&P/ASX 200 Index |
9032.80 |
0.03 |
(Eshitva Prakash)
Equity Alert: Bharat Forge up 5% on army order win, India-US trade deal hope
MUMBAI--1330 IST--Shares of Bharat Forge rose over 5% to INR 1,311, their highest level in over three months, after several media reports said the company, along with PLR Systems, had bagged an order worth INR 27.70 billion to supply a total of 425,000 close-quarter battle carbines to the Indian Army. At 1318 IST, the stock was up 4.8% at INR 1,302.70 and among the top Nifty 200 gainers.
Under the contract finalised last month, Bharat Forge will be responsible for delivering 60% of the total order or 255,000 rifles and PLR Systems will supply the remaining 40% or 170,000 units, reports said citing the Director General of Infantry, Lieutenant General Ajay Kumar. The carbines are expected to be inducted into service from 2026. The contract is part of the Indian Army's ongoing modernisation effort, according to the reports.
On a separate note, hopes of a potential trade deal between India and the US is expected to have a positive impact on domestic ancillary players, including Bharat Forge, operating in the commercial vehicle and off-highway tyres segments, ICICI Securities said in a note Thursday. Both countries are expected to finalise the long-awaited trade deal at the Association of Southeast Asian Nations summit later this month, which could reduce US tariffs on Indian goods to 15–16% from the current 50%. Around 50% of the exports from the auto ancillary industry to the US are subject to reciprocal tariff of around 50%, the brokerage added.
Of 16 research reports on the company available with Informist, nine have a 'buy' or equivalent rating on the stock with an average target price of INR 1,328. Of the remaining seven, four have a 'hold' or equivalent rating and three have a 'sell' or equivalent rating on the stock. As at 1318 IST, over 2 million shares of the company changed hands on the NSE, higher than the 296,618 shares traded till the same time Monday. (Arya S. Biju)
Equity Alert: Eternal down for fifth day, worst Nifty 50 performer so far
MUMBAI--1327 IST--Shares of Eternal fell a little over 2% and touched an intraday low of INR 331.05. The stock was down for the second straight session since it received a goods and services tax demand order from the Uttar Pradesh Deputy Commissioner of State Tax, along with a penalty aggregating to INR 1.28 billion.
At 1315 IST, the stock traded nearly 2% lower and over 25 million shares of the company had exchanged hands compared to over 20 million shares til the same time Monday. Apart from being the worst performer on the Nifty 50 index, the stock also traded in the red for the fifth consecutive session and fell nearly 7% during the period.
The GST demand and the penalty was for short payment of output tax and excess availment of input tax credit but the company said it has a strong case on the merits of the matter and does not expect any financial impact on the company from the order.
The tax demand from the Uttar Pradesh authorities came shortly after the company disclosed its financial results for the September quarter. The consolidated net profit of Eternal tanked over 63% on year to INR 650 million in Jul-Sept as against the Street's estimate of over INR 1 billion profit.
Of the 15 brokerage reports on the company available with Informist, 13 brokerages have a 'buy' or equivalent rating with an average target price of INR 355.84. Only two brokerages have a 'sell' or equivalent rating with an average target price of INR 260. (P. Madhu Kumar)
Equity Alert: Avanti Feeds up amid hope US may cut tariff on Indian exports
MUMBAI--1323 IST--Shares of Avanti Feeds rose 10% to INR 760 after media reports said the US and India are close to signing a trade deal. The tariff on Indian exports to the US is likely to be reduced to 15-16% from the current 50%, news daily Mint reported Wednesday, citing three people aware of the matter.
Avanti Feeds' revenue comes primarily from sale of shrimp feed and shrimp exports. At 1301 IST, its shares were up more than 5% at INR 728.40 on the National Stock Exchange and the trading volume of almost 2 million shares was almost 11 times the number of stocks traded during the same period Monday.
The company's revenue from export of finished goods in 2024-25 (Apr-Mar) increased over 6% on year to INR 10.98 billion, accounting for almost 20% of the company's overall revenue. In FY25, the company's export volumes increased to 14,149 tonnes from 13,444 tonnes in FY24, according to its annual report.
The exports division strategically expanded its customer base in Japan, Korea, and the EU, reducing its reliance on the US market, the company had said in the annual report. For the quarter ended June, the company had reported a 39% on-year growth in its consolidated net profit to INR 1.78 billion and an almost 7% rise in its revenue to INR 16.06 billion. (Anjana Therese Antony)
Equity Alert: Indices remain higher led by gains in IT, bank stocks
MUMBAI--1252 IST--Benchmark indices maintained most of the early gains, led by a rise in information technology, banking, and fast-moving consumer goods stocks. At 1231 IST, the Nifty 50 index was at 26092.20, up 223.30 points, and the BSE Sensex was at 85228.26, up 801.92 points.
All IT stocks were higher after media reports said India would strike a trade deal with the US very soon. Shares of Infosys, HCL Technologies, Tech Mahindra, Tata Consultancy Services, and Wipro were up 5–2%. A trade deal between both countries could reduce tariffs on Indian exports to 15–16% from the current 50%, according to Mint online. It would also ease concerns in the IT sector as rumours of the US imposing tariffs on IT services had gained steam a few weeks ago.
Shares of Hindustan Unilever rose nearly 3%, byt gave up some gains to remain over 1% higher after the company's September quarter net profit beat analysts' estimate but revenue fell short of expectations and remained flattish on year. Infosys, Axis Bank, Tata Consultancy Services, and ITC were the major index movers. Shares of Axis Bank were up 2%, extending gains for the fifth straight session. Shares of State Bank of India hit an all-time high of INR 918 intraday. The stock was up nearly 1%. Cipla, Dr. Reddy's Laboratories, Eternal, and Interglobe Aviation were the worst hit in the Nifty 50 index, with shares down nearly 1?ch.
Among sectoral indices, the Nifty IT was up 3%, followed by the Nifty Private Bank and Nifty FMCG, which were up 1?ch. In the broader market, the Nifty Midcap 50 and Nifty Midcap 100 were up nearly 1%.
Shares of Bharat Forge were the top gainers in the Nifty 200 index with its shares up over 5%. A trade deal between India and the US would be positive for the stock, ICICI Direct Research said. Several media reports also said the company, along with PLR Systems, has bagged an INR-27.70-billion order to supply 425,000 close quarters battle carbines to the Indian Army. In the Nifty 500 index, Gofrey Phillips India, Chennai Petroleum, and Muthoot Finance were the worst hit, down 4-5%. (Adhithya Aji)
Equity Alert: Textile cos gain on hope trade deal with US to be signed soon
MUMBAI--1121 IST--Shares of Vardhman Textiles, Welspun Living, and K.P.R. Mill surged 4-10% on hopes of a trade deal with the US soon that would lower tariffs on Indian goods and help them compete with manufacturers from Bangladesh and Vietnam. Many of these textile makers have a high exposure to the US market.
Some media reports said India and the US will announce a long-awaited trade deal at the Association of Southeast Asian Nations summit later in the month. that could reduce US tariffs on Indian goods to 15-16% from the current 50%. This will provide some relief to the sector.
"If India-US sign a trade deal with lower tariff rates at 15%, it will create a competitive edge for textile sector as India's peers such as Vietnam has 20% tariffs and Bangladesh has 35% tariffs...India's share in textile export will improve in the coming years," ICICI Direct Research said in a report. "If a deal gets signed we expect, the performance of textile companies to gradually improve from Q4FY26." (Akash Mandal)
Equity Alert: IT stocks rise on optimism regarding India-US trade deal
MUMBAI--1041 IST--Information technology stocks such as Infosys, HCL Technologies, Tech Mahindra, Wipro, and Tata Consultancy Services surged 2-5% and were among the top gainers amid hope of a trade deal between the US and India. At 1040 IST, the Nifty IT was up 3%, extending gains for the third session, and was the top gainer among sectoral indices.
India and the US are on the verge of finalising a long-awaited trade deal that could reduce US tariffs on Indian exports to around 15-16% from the current 50%. This will provide some relief to the sector, which was among those threatned by tariffs from the US despite no concrete actions.
Infosys was up 4.6% and was among the top gainers in the sector. The company Wednesday said its promoter and promoter group, including founder Narayana Murthy, his wife Sudha Murthy, and co-founder Nandan M Nilekani, have expressed their intention to not participate in the share buyback the company had announced in September.
Reports also said the US is considering to curb exports of US software to China. The new export curbs, which would include a wide array of goods ranging from laptops to jet engines, are some of the measures being considered in retaliation to China's latest round of rare earth export restrictions, Reuters reported. These curbs may be beneficial to Indian IT majors as they might look to become the suppliers of such software instead of the US. (Akash Mandal)
Equity Alert: Nifty 50 opens above 26000 pts on hope of US-India trade deal
MUMBAI--0929 IST--Benchmark equity indices opened sharply higher Thursday and the Nifty 50 breached the 26000 mark for the first time since Sept. 30, 2024, as trade resumed after the Diwali break. Reports that India and the US were close to sealing a trade pact focusing on energy and agriculture are likely to have boosted sentiment.
At 0925 IST, the Nifty 50 was at 26092 points, up 161.35 points or 0.6%, and the BSE Sensex was at 85006.71 points, up 580.37 points or 0.7%. The Nifty 50 is now just 185 points away from its all-time high of 26277.35 points hit in September 2024. Information technology stocks surged, likely on hope of a positive trade deal with the US. Infosys, HCL Technologies, and Tata Consultancy Services were up 1-3%.
Infosys had Wednesday said its promoter and promoter group, including founder Narayana Murthy, his wife Sudha Murthy, and co-founder Nandan M. Nilekani, have expressed their intention to not participate in the share buyback the company had announced in September.
Major textile exporters with exposure to the US such as Vardhman Textiles, Welspun Living, and K.P.R. Mill surged 5-8% on hope of a trade deal between India and the US. According to media reports, both countries are on the verge of finalising a trade deal that could reduce US tariffs on Indian exports to around 15-16% from the current 50%. The agreement is expected to be announced during the upcoming Association of Southeast Asian Nations summit later this month. Bharat Forge, expected to be another major benefitiary of the trade deal, was up 4%.
Most sectoral indices, barring the Nifty Consumer Durables, were trading with gains. The Nifty IT and Nifty FMCG were the top gainers among these. Broader market indices were mixed, with only the mid-cap indices seeing some gains. (Akash Mandal)
Equity Alert: Most Asian mkts dn as US-China trade conflict dampens sentiment
MUMBAI--0830 IST--Most benchmark equity indices in Asia fell in early trade Thursday, tracking overnight losses in the Wall Street. Traders were cautious about the fresh US-China trade spat after media reports said the Donald Trump-led administration is weighing export restrictions on China that would stop the country from purchasing critical software from the US.
These curbs could cover a wide range of items, from laptops to jet engines, and it is not the only option that's being discussed as a retaliatory measure against China's new rare earth export controls, according to media reports. Japan's Nikkei 225 fell 1.3%, leading the declining indices in the region. Shares of SoftBank fell more than 6?ter the company announced plans to issue US-dollar and euro-denominated bonds. SoftBank said the money raised will be used for "general business purposes," CNBC reported. The broader Topix index fell 0.5%.
South Korea's Kospi recovered after opening the session 1.2% lower. The index had hit record high levels for six consecutive sessions during which it gained 9%. The country's central bank kept its benchmark interest rate unchanged at 2.5%, in line with a poll of economists by Reuters. Policymakers flagged household debt as a key deterrent to resuming an easing cycle. "Structurally resilient Seoul apartment price rally, depreciation risks on the won from the Korea $350 billion investment fund, and stronger-than-expected memory chip upcycle" make it difficult for the current easing cycle to continue, Kim Jin Woo, a Citigroup economist was quoted by Reuters as saying.
China's blue-chip CSI 300 index was nearly 1% lower and Hong Kong's Hang Seng index fell 0.7% in early trade. Market participants await news from the fourth plenum meeting of the Chinese Communist Party, which is expected to provide cues on the country's upcoming five-year economic development plan.
Following were the levels of key Asian indices at 0800 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4550.62 |
(-)0.91 |
|
Hang Seng Index |
25616.48 |
(-)0.64 |
|
Nikkei 225 Day |
48595.20 |
(-)1.45 |
|
TOPIX FIRST SECTION |
3249.46 |
(-)0.52 |
|
KOSPI |
3890.63 |
0.18 |
|
FTSE Singapore Strait Times |
4397.65 |
(-)0.08 |
|
S&P/ASX 200 Index |
9031.30 |
(-)0.01 |
(Eshitva Prakash)
Equity Alert: Mkt may consolidate a bit near term but bias remains positive
MUMBAI--0749 IST--The positive sentiment in the market is likely to continue and the Nifty 50 may test the 26000 level in the near term. However, some analysts said there might be some profit-booking in the next few trading sessions due to the sharp gains in recent sessions. Earnings will be in focus, with fast-moving consumer goods majors Hindustan Unilever and Colgate-Palmolive set to report their September quarter results during the day.
"From a technical perspective, while the index appears overstretched and showing early signs of momentum fatigue, a healthy consolidation or mild correction cannot be ruled out...nevertheless, the Nifty 50's sustained move above its breakout neckline has converted previous resistance into a strong support base," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.
The October contract of the GIFT Nifty indicates a positive start for the market. At 0744 IST, the contract was at 26258.50 points, up nearly 390 points from the 50-stock index's last close. On Tuesday, the Nifty 50 had closed at 25868.60 points, up 25.45 points or 0.1% during the one-hour Muhurat trading session. The BSE Sensex had ended at 84426.34 points, up 62.97 points or 0.1%.
Indices in the US retreated overnight, weighed down by underwhelming corporate earnings and soft risk appetite amid concerns that the country is considering restictions on exports of US software to China. The new export curbs, which would include a wide array of goods ranging from laptops to jet engines, are some of the measures being considered in retaliation to China's latest round of rare earth export restrictions, Reuters reported. Barring Hong Kong, all major Asian markets were in the red in early trade Thursday. (Akash Mandal)
Equity Alert: US indices end lower on weak earnings, US-China trade dispute
MUMBAI--0730 IST--Equity indices in the US fell Wednesday after lower-than-expected earnings from companies, including Texas Instruments and Netflix. Trader sentiment was further dampened after Reurters, citing sources, reported that the White House is considering curbs on critical software exports to China in retaliation to Beijing's latest round of restrictions on rare earth magnet exports. US President Donald Trump Tuesday said he would have a "very successful meeting" with Chinese President Xi Jinping, but also hinted that the meeting next week might be called off.
Shares of Texas Instruments fell nearly 6?ter the semiconductor company reported weaker-than-expected earnings for the latest quarter and cut its December quarter earnings forecasts. The company's management said it was seeing a semiconductor-industry recovery chug along at a more moderate pace than past cycles, according to a report by The Wall Street Journal. Shares of other semiconductor companies such as Advanced Micro Devices, Micron Technology, and VanEck Semiconductor ETF fell 2-3%.
Shares of Netflix fell 10?ter the streaming platform's earnings missed estimates due to a dispute with Brazilian tax authorities. "Perhaps amid reports that US corporate earnings outcomes for Q3 have been much better than expected, there may remain some worries about guidance from management as the US corporate earnings season expands to encompass more stocks and more sectors," Thierry Wizman, global FX and rates strategist at Macquarie Group, was quoted as saying by CNBC.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6699.40 |
(-)0.53 |
|
NASDAQ Composite |
22740.40 |
(-)0.93 |
|
Dow Jones Industrial Average |
46590.41 |
(-)0.71 |
(Eshitva Prakash)
End
US$1 = INR 87.84
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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