Sensex Today | Stock Market LIVE Updates: Nifty falls 80 points from highs to turn negative

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In the most recent lawsuit claiming that Johnson & Johnson’s talc products cause cancer, a Los Angeles jury found the firm responsible and ordered it to pay $966 million to the family of a woman who died of mesothelioma.

The retail portion of LG Electronics India’s IPO was fully subscribed on the second day of bidding, following a fully subscribed ₹11,607 crore Offer For Sale (OFS) on the first day.Investors placed bids for a total of 10.17 crore shares, exceeding the 7.13 crore shares on offer as of 10:45 AM on Wednesday. The retail segment alone saw bids for close to 4 crore shares, compared to 3.55 crore shares available, driving the grey market premium (GMP) to ₹300.

Click here for more detailsThe retail portion of LG Electronics India’s IPO was fully subscribed on the second day of bidding, following a fully subscribed ₹11,607 crore Offer For Sale (OFS) on the first day.Investors placed bids for a total of 10.17 crore shares, exceeding the 7.13 crore shares on offer as of 10:45 AM on Wednesday. The retail segment alone saw bids for close to 4 crore shares, compared to 3.55 crore shares available, driving the grey market premium (GMP) to ₹300.

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Macquarie On RBI Norms

Adani Enterprises falls over 1.5% from session highs amid weak market

These are the stocks trading with higher-than-usual volume among the Nifty 500 companies. (10-Day Average).

Yes Bank To CNBC-TV18

Market Watch: Siddharth Rai Mangala, Senior Research Analyst, Stockbox Technologies

Buy NALCO with a stop loss of ₹219 and a target of ₹232-236

Buy Ashok Leyland with a stop loss of ₹138 and a target of ₹150-153

Microfinance Sector Sees Improving Credit Quality, Liquidity Challenges Remain

Alok Misra, CEO & Director, MFIN:Credit quality has improved, though disbursements have declined due to a sharp fall in liquidity.Liquidity remains critical; 1–60 days past due (dpd) stands at around 2.5%, difficult to reduce without adequate funding.JLG average ticket size is around ₹50,000, which is unsecured, but the model reduces operational costs and plays a vital role in the sector.No major issues in Tamil Nadu, while elevated stress in Karnataka was observed from January to April.Credit cost is tapering down gradually.Jinay Gala, Director, India Ratings & Research:The segment experienced peak stress in Q3/Q4 FY25, now stabilizing at current levels.Q2 is typically seasonal due to the monsoon, potentially impacting MFI collections.Slight increases in PAR are possible, varying by player.Mid and small-sized MFIs remain a concern, with challenges mainly around disbursements.Debt funding has slowed, and banks are cautious in buying MFI portfolios, reducing liquidity for MFI-NBFCs.The peak of MFI stress is behind, but mid-sized NBFCs may still face credit cost shocks.

According to a CNBC-TV18 poll, Tata Consultancy Services (TCS) is expected to report a 2% growth in US Dollar revenue compared to the same quarter last year. In rupee terms, growth is likely to be 2.5% versus the June quarter.On a sequential basis in constant currency, TCS is projected to report 1.2% revenue growth.

Analyst projections vary, with BNP Paribas estimating 0.2% growth and Morgan Stanley expecting 1.7% for the quarter. This follows a 3.3% decline in constant currency revenue during the June quarter.

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Vodafone Idea slides nearly 2%, over 4% off session highs

Deven Choksey, MD, DRChoksey Finserv:On Titan: Titan always remain a premium valuation company and that limits the upside or the headroom, as we call it, for the investors. So, one will have to wait before buying good quality business. If one gets at a quality valuation or rather bargain valuations, that would be more appropriate to buy into this company.On Real Estate: If one has to look at real estate a bit more systematically and minutely, the luxury and the ultra-luxury segment is likely to see higher amount of growth because over there the supply is relatively less, and at the same time because of higher amount of wealth generating proposition in the hands of family, offices and individuals, you are probably going to see a larger amount of demand scenario for ultra and super ultra-real estate plays. So, we are more confident in that particular space vis-à-vis mass housing and the premium housing space in the real estate.

On Wednesday, October 8, the mining firm Vedanta Ltd., owned by Anil Agarwal, will have its final hearing before the National Company Law Tribunal (NCLT) about its proposed demerger.

A Vedanta representative informed CNBC-TV18 on September 17 that the Ministry of Petroleum and Natural Gas (MoPNG) had presented its case at the NCLT and that SEPCO had withdrawn its intervention application.

JSW Cement commissions new Sambalpur unit, capacity rises to 21.6 mtpa

Metro projects progressing as planned with strong push to meet deadlines.Maharashtra Chief Minister sets annual targets to ensure timely execution.Metro Line 10 and Line 13 to be opened for bidding soon.Topline target of ₹6,500–6,600 crore remains on track.Q2 performance aligns with stated goals.Titagarh Rail Systems – Umesh Chowdhary, Vice Chairman & MD:Railway orders aimed at debottlenecking rail movement.Initiative focused on achieving 3 billion tonnes of rail cargo movement.Ongoing track expansion to enhance capacity for rolling stock deployment.Capacity in place to produce 1,000 wagons per month.Operations at sole wheelset supplier in Bengaluru faced disruptions but are getting back on track.Tapping opportunities in both metro and Vande Bharat projects.

Laurence Balanco of CLSA, speaking on CNBC-TV18, highlighted that the key support for Nifty lies in the 24,000–24,300 range, maintaining a bullish outlook with a year-end target of 26,300.

Salzer Electronics surges nearly 12% on patent win for high-voltage device

Shares of Anant Raj Ltd, a New Delhi-based real estate company, slipped over 3% on Wednesday following the announcement of a qualified institutional placement (QIP).The company plans to raise up to ₹1,100 crore, with the indicative price likely set at a 4% discount to the current market price (CMP).

IT stocks buzzing in trade in a muted market, Nifty IT top sectoral index

Vedanta shares in focus ahead of NCLT hearing on demerger

Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are in focus on Wednesday, October 8, ahead of the final hearing at the National Company Law Tribunal (NCLT) with regards to its proposed demerger.

On September 17, a Vedanta spokesperson had told CNBC-TV18 that SEPCO had withdrawn its intervention application, and that the Ministry of Petroleum and Natural Gas (MoPNG) made its representation during the previous proceedings at the NCLT.

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SBI Cards up nearly 2% after RBI releases draft guidelines for the credit risk capital framework

IGL up over 1% on positive brokerage note

Titan shares up over 3% on strong Q2 update

Market opens lower, Nifty near 25,100, PSU Banks in focus

Gaurav Malhotra, Executive Director, Axis Capital, on CNBC-TV18:Positive on Bharti Airtel, expecting good visibility of earnings growth over the next 2–3 years.The stock is attractive despite not being cheap relative to historical and peer valuations.Monitor Airtel Black subscriptions and ARPU data usage to track Bharti’s subscriber premiumisation story.Expect a 10–12% tariff hike between December 2025 and June 2026.

In an interview with CNBC-TV18, MoSPI Secretary Saurabh Garg stated that India’s next base year revisions for GDP, CPI, and IIP will greatly broaden the base and coverage of sectors, especially if the government has access to more detailed data.

Rupee opens at 88.75/$ vs Tuesday’s close of 88.77/$

Anand Agarwal, CFO, V-Mart Retail, on CNBC-TV18:Festive season impact expected to continue in Q2 and Q3.Sales growth of 17–23% is anticipated.GST impact for value retailers will be very limited.Company plans to experiment with expanding the range in the ₹1,000+ segment.New store additions may exceed overall guidance.An 11% same-store sales growth this quarter is expected to support bottom-line expansion.Overall, mid-to-high single-digit same-store sales growth is projected for FY26.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.