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Rupee opens at 87.83/$ vs Monday’s close of 87.93/$

NMDC Ltd.’s stock is under scrutiny on Thursday, October 23, following the company’s Wednesday price reduction for lumps and fines of iron ore.

For lumps, NMDC has reduced the price of iron ore by ₹550 per tonne, or 9%, to ₹5,550 per tonne, and for fines, it has lowered the price by ₹500 per tonne, or 10%, to ₹4,750 as well.

Vikas Pershad, M&G Investments On CNBC-TV18

After providing an update on its largest-ever share buyback, Infosys Ltd., a supplier of IT services, will be the focus of attention on Thursday, October 23.

The company’s promoters, including Sudha Murty and Nandan Nilekani, will not be taking part in the ₹18,000 crore share purchase that Infosys had planned in October, the company informed the markets in a statement on October 22.

Here’s a list of stocks in focus going into trade today

Here’s a list of stocks in focus going into trade today

Tejas Networks bags an order from NCC for the supply of IP/MPLS routers

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

The Tata Group’s Titan Company Ltd. was rated as a structural winner in the consumer discretionary category by Swiss investment bank UBS, which raised its recommendation from “Neutral” to “Buy.”

Additionally, the broking increased its price estimate for the stock from ₹3,600 to ₹4,700, a 31% increase. The updated target suggests a possible gain of around 26% from the closing prices on Monday.

Biocon Biologics Receives Health Canada Approval For Yesintek

Yesintek Is Indicated For The Treatment Of Moderate To Severe Plaque Psoriasis

As the dispute over Chinese-owned chipmaker Nexperia affects Europe’s car sector, Volkswagen AG cautioned potential production stoppages owing to the arising supply chain concerns, putting shares of Samvardhana Motherson International Ltd. under scrutiny on Thursday, October 23.

According to Samvardhana Motherson’s annual report, Volkswagen AG was the largest of its clientele, accounting for 9% of the company’s income in the fiscal year 2025.

The richest man in the world, Elon Musk, criticised shareholder advisory companies that have opposed the proposal and begged investors to approve his proposed $1 trillion compensation package during the conclusion of Tesla Inc.’s earnings call.

With a ‘Buy’ recommendation, broking firm Nomura has begun covering Tata Steel Ltd., a subsidiary of the Tata Group. With a price target of ₹215 for the company, the initiation suggests a possible 25% increase from Monday’s closing price.

The market sees a big gap-up opening, with GIFT Nifty up nearly 400 points, tracking global cues.

As trading returns following the midweek Diwali holiday and Tuesday’s token Mahurat trading session, the GIFT Nifty, an early predictor of how key indices in India are likely to open up for trade, is pointing to a sharp gap-up for Dalal Street.

During the Muhurat trading session, the Indian equity market got off to a strong start thanks to encouraging global trends. While Wall Street saw a robust overnight surge that improved investor mood, Asian markets saw higher trading.

Extending its winning streak for the fifth consecutive session, the Nifty closed higher in Samvat 2082’s first session at 25,869, up 25 points. The index closed the Muhurat session in the green for the eighth consecutive time.

As the trading session resumes to the usual affairs, some of the stocks to focus on include PNB, BEL, Dr Reddy’s, Tata Motors, among others.

Check The Full List Here 

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