Mumbai, Sept. 24: The GIFT Nifty was down 0.1% to 25,193 at 7:00 a.m., which meant that the Nifty 50 would start off worse following three straight days of losses.
A Look Back at the Domestic Market
India’s main stock indexes fell again on Tuesday:
The NSE Nifty 50 closed down 0.13% at 25,169.50.
The BSE Sensex fell 0.07% at 82,102.10.
Foreign Portfolio Investors (FPIs) sold more shares than they bought for the second session in a row, valued ₹3,551.19 crore.
For the 21st session in a row, domestic institutional investors (DIIs) kept purchasing, putting in ₹2,670.87 crore.
Global Signs
Futures for the US and Europe (during Asian hours):
Futures for the S&P 500 are up 0.1%.
Euro Stoxx 50 Futures: -0.5%
Markets in Asia:
MSCI Asia Pacific Index: -0.2%
Nikkei: -0.4%
Kospi: -0.4%
S&P/ASX 200: -0.7%
Hang Seng: -0.3%
A summary of Wall Street:
The rally stopped because Fed Chair Jerome Powell didn’t say anything about a rate cut in October.
-0.6% for the S&P 500
Nasdaq 100: -0.7%
Important Stocks in the News
Muthoot Microfin got NCDs worth ₹50 crore.
Infosys: Signed a new deal with Switzerland’s Sunrise to keep working on AI-led IT transformation.
Minda Corporation will start making EV parts in FY26.
HCL Tech: Signed a new digital transformation deal with a Swedish car company.
Havells India has put Lloyd Kolors refrigerators on Flipkart, starting at ₹18,990.
Atul Jain is the new MD of VIP Industries, while Neetu Kashiramka has quit.
Bidder L-1 for the Kerala project for ₹1,115 crore is Dilip Buildcon.
Swiggy: To move Instamart’s operations and sell its shares in Rapido for more than ₹2,300 crore.
Bajaj Electricals will buy the “Morphy Richards” brand for ₹146 crore.
Torrent Power will buy interests in Newzone India and Newzone Power Projects for ₹211 crore.
ICICI Bank got a show-cause notice for a ₹15.6 crore tax claim.
Tech Mahindra is selling its 26.42% share in Surance.
Poly Medicure: A subsidiary will buy Dutch medical companies.
Raghavendra Srinivas Bhat has been named MD and CEO of Karnataka Bank.
Jagran Prakashan is in a legal fight with Director Shailendra Mohan Gupta.
F&O Cues
Nifty Sep Futures: 25,252, down 0.10% (Premium: 83 points).
Open Interest: -2.7%
Options (30th Sep Expiry):
Max Call OI is 26,000
Max Put OI at 25,000
Ban on securities: RBL Bank, Sammaan Capital, and HFCL
Money and Bonds
The rupee closed at 88.76/$, down 44 paise, which is a new low.
The yield on a 10-year bond is 6.47%.