On the technical charts, the RSI of the stock stood at 55.44.
Crompton Greaves shares drop 0.01% as Sensex falls
The stock quoted a 52-week high of Rs 416.85 and a 52-week low of Rs 251.25.
Stock market update: Nifty Bank index falls 1.1% in a weak market
The Nifty Bank index was trading 1.1 per cent down at 43908.6.
Taking Stock: Market slips into the red; Nifty ends below 19,550, Sensex falls 316 points
ONGC, Eicher Motors, Hindalco Industries, Maruti Suzuki and Dr Reddy#39;s Laboratories were among the top losers on the Nifty. The gainers included Titan Company, Bajaj Finance, LT, Bajaj Finserv and Adani PortsMid-day Mood | Indices back in the red; spike in US bond yields, stronger dollar dampen sentiment
A spike in the US benchmark 10-year bonds yield to the highest level since 2007, the dollar index rising above 107 and sustained selling from foreign institutional investors were the majors factors dragging the marketStocks to buy or sell today: SBI, NMDC among top 6 trading ideas for 3 October
The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels on Friday.
Neutral on Vedanta, target price Rs 250: Motilal Oswal Financial Services
Vedanta Ltd. key Products/Revenue Segments include Aluminium, Copper Cathodes, Oils, Pig iron, Iron Ore, Others, Power, Other Operating Revenue, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2023.
India in an early to mid-stage of a credit cycle: Sunil Subramaniam
“India at this time is going through a phase when nations go over the $2,000 per capita income threshold and this we have seen in Korea, in Japan, in Malaysia, in Singapore, everywhere. When a country cross the $2,000 per capita threshold, the next decade experiences an explosive growth in premium retail.”
Demat accounts adding up on IPO rush even as some swing to safety
The number of demat account openings at domestic broking firms in India has increased during FY24 due to the stock market rally, low brokerage fees, and a surge in IPOs. However, the active client base has shrunk as market participants reduce trading due to volatile swings. The total number of demat accounts as of August 31 reached 12.65 crore, a 10.7% increase from March 31. Brokers expect this growth to continue, particularly in smaller cities and towns.
HDFC Bank set to get a boost from a wider branch network
HDFC Bank, India’s most valued lender, has seen a decline in its stock value in the past three months, raising concerns about its impact in the banking sector. The bank’s performance has been relatively subdued compared to public-sector lenders, and uncertainties surrounding its merger with its home-financing parent have weighed on the stock. However, HDFC Bank has been focusing on expanding its branch network in areas with limited competition from private banks, allowing it to compete with public-sector banks for deposits. This strategy is expected to benefit the bank in the coming years and drive earnings growth.