The state of Maharashtra has announced a pioneering plan to overhaul its electricity-distribution network using artificial intelligence, debuting a first-of-its-kind “Digital Twin” model tailored for solar and renewable energy supplies.
As discussed yesterday, market behaviour remained on expected lines. Nifty continued its bearish sentiment and slipped to our support of 25887 (made a day low of 25891) and on closing it settled near our level of 25983 i.e. closed at 25986.
1. FIIs net long 14.08%
2. PCR 0.69
3. VIX 11.21
4. FIIs sold 3207 cr, 2633.20 cr in index futures & 2592 cr in stock futures.
Directional selling totals 8433 cr — huge selling even after exceptional GDP data. As mentioned, the IMF report has nullified the numbers. FII selling is a concern now.
DIIs bought 4730.40 cr.
CNBC-TV18, CNBC Awaaz, CNBC Bajar and IndiaBonds have jointly launched Bond Street, a high-frequency educational initiative aimed at simplifying India’s fast-expanding bond market for everyday investors.
With Indian equities showing signs of stabilization, Axis Securities has released a slate of nine small- and mid-cap stocks they believe are well-positioned for gains — among them Inox Wind, which stands out with the highest upside potential.
Expert analyst expects a strong Q3 GDP as post–22nd September inventory clearance and heavy festive sales from Dussehra to Deepawali have boosted demand. With Q2 impacted by postponed sales and production rising sharply since late September, another upbeat GDP print for Q3 looks possible.
Indian equity markets ended lower on Wednesday, extending a decline for the fourth straight session. The BSE Sensex fell by 31 points, while the NSE Nifty 50 slid below the 26,000 mark.
Silver futures on Indian exchanges surged to an all-time high of ₹1,84,727 per kilogram, spurred by a sharp depreciation in the rupee and firm global demand for precious metals.
This week brings three very different IPOs to the markets: Meesho — a ₹5,421 crore e-commerce offering; Aequs — a ₹922 crore aerospace-manufacturing IPO; and Vidya Wires — a smaller, ₹300 crore industrial IPO focused on metal conductors.
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