Today’s Market News :
Giftnifty opens down 0.28% at 24305, dropping 68.5 points. With Nifty Monthly Expiry today, expect the Indian market to open with a 50-100+ point gap down.
* The Nifty Realty index closed at 1001.05, reflecting a slight increase of 0.08% on the trading day.
* Top gainers in the Nifty Realty index included Sobha Ltd., Phoenix Mills Ltd., Prestige Estates Projects Ltd., and Brigade Enterprises Ltd., while Oberoi Realty Ltd., Godrej Properties Ltd., and DLF Ltd. were among the top losers.
* Overall, 20 stocks in the Nifty index ended in the green, while 30 closed in the red, indicating a mixed market sentiment.
* The Sensex and Nifty indices experienced a decline, primarily influenced by banking and financial stocks amid weak global market trends.
* Tata Power reported a net profit of Rs 1,533 crore for the September 2024 quarter, marking a 51% year-on-year increase despite a slight revenue drop.
* The company’s EBITDA rose by 23% to Rs 3,808 crore, driven by increased solar manufacturing and operational efficiency.
* SEBI’s new insider trading norms will come into effect on November 1, 2024, expanding regulations to include mutual fund officials and other connected persons to protect investor interests.
* RBI has tightened regulations for NBFC-P2P lending platforms, mandating stricter guidelines for escrow accounts to ensure timely fund transfers and segregation of funds.
* ICICI Bank has revised its credit card terms, increasing spending limits and altering reward structures, while also implementing interest rate hikes on various credit cards.
