News

These are the major movers in terms of volume among the Nifty 500 stocks (10-day average)

Market Watch: Vinay Rajani – Sr Technical and Derivative Analyst, HDFC Securities

Sell Cipla for a target price of ₹1,495 with a stop loss of ₹1,555

Buy Samvardhana Motherson for a target price of ₹160 with a stop loss of ₹108

Pragnyat, CMD, Seshaasai Technologies On CNBC-TV18

Tata Motors shares rose on Tuesday, September 23, following a strong start to the festive season.

The company reported 10,000 vehicle deliveries and over 25,000 customer inquiries on the first day of Navratri, signalling robust demand and positive market sentiment.

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Investors are closely watching for a potential rollback of additional US tariffs on Indian goods, which could boost market sentiment.

JPMorgan’s Rajiv Batra told CNBC-TV18 that a bigger market lift is expected from the 8th Pay Commission, as consumer spending currently has a greater impact on growth than capital expenditure.

He also forecasted the US dollar index (DXY) to be around 95 by year-end and 92 by June next year.

Global brokerage Nomura is optimistic about the steel sector, pointing to production cuts, potential Chinese stimulus measures, and possible gains in domestic prices.

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Vedanta Says

Ajit Kumar, Lead BFSI Research Analyst at JM Financial Institutional Securities

Shares of Euro Pratik Sales, a company specialising in decorative wall panels and laminates, made their stock market debut on Tuesday, September 23, following a ₹451 crore IPO last week. The stock opened at a premium of around 11%.

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Neeraj Akhoury of Shree Cement said the company expects about 6% volume growth in FY26 and plans to pass GST benefits to customers to drive demand.

He expressed confidence that recent GST rate cuts will support overall industry growth.

Additionally, Shree Cement anticipates its premium cement sales to increase from 17% to 18–20%.

Rupee extends losses, hits new record low of ₹88.56 against the US Dollar

Jamie Dimon, the head of the biggest bank in the world, JPMorgan Chase & Co., believes that while the US economy is deteriorating, it is not a “disaster.”

Dimon made it clear in an exclusive interview with CNBC-TV18 on Monday that he is a bit more cautious than most others when it comes to inflation.

Birlasoft stated that it does not expect any immediate major impact from the recent H-1B visa fee increase.

Chief Economic Advisor Anantha Nageswaran said he is not worried about the rupee’s recent decline, adding that India’s strong forex reserves and low external debt keep the currency well-protected.

Read Full ArticleMarkets have pulled back from early gains, with all major indices trading lower and the Nifty slipping below 25,200.

India is non-aligned, and it should stay that way. America should find a way to be India’s best friend, even as India remains non-aligned.

JBM Auto shares surged 6% after the UAE’s Al Habtoor Motors was appointed as the exclusive importer of the company’s electric buses.

Tata Motors has made a strong start to the festive season, recording 10,000 vehicle deliveries and over 25,000 enquiries on the first day of Navratri.

Sudarshan Sukhani, Technical Trends Sell Astral with a stop loss of ₹1,463Sell Havells with a stop loss of ₹1,611Buy Cholamandalam Finance with a stop loss of ₹1,600Buy Tata Steel with a stop loss of ₹168

Mitessh Thakkar of Bonanza PortfolioBuy Info Edge for a target price of ₹1,465 with a stop loss of ₹1,385Buy Bharat Electronics for a target price of ₹415-417 with a stop loss of ₹402Sell Bosch LTD for a target price of ₹38,600 with a stop loss of ₹39,800Sell Cipla for a target price of ₹1,500 with a stop loss of ₹1,560

IT Sector

The Indian Rupee has hit a record low

Market Watch: Amnish Aggarwal, Dir-Instl Research, PL Capital

Auto

Market opens flat, Nifty above 25,200

The shares of Hyundai Motors surged on Tuesday after the company recorded strong Navartri sales.

Rupee opens at 88.41/$ vs Monday’s close of 88.31/$

Zaggle Prepaid Ocean Services has partnered with Mastercard Asia/Pacific to launch co-branded domestic prepaid cards.

Maruti Suzuki described Sunday’s delivery of almost 30,000 passenger cars and the 80,000 enquiries it got as its best start to Navratri in the previous 35 years.

Hyundai Motor claimed that the market was strongly upbeat due to the auspicious beginning of Navratri, which was boosted by the momentum from the GST 2.0 reforms.

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