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PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 9.5 points or 0.04 percent. The Nifty futures were trading around the 24,960.50 level.
The S&P 500 eked out a record closing high in a volatile session on Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day. The Dow also posted a record closing high, but the Nasdaq ended lower.
The Dow Jones Industrial Average rose 238.56 points, or 0.51%, to 46,758.28, the S&P 500 gained 0.44 points, or 0.01%, to 6,715.79, and the Nasdaq Composite lost 63.54 points, or 0.28%, to 22,780.51.
Asian stocks climbed to a record, led by Japan, while gold advanced to an all-time high and Bitcoin hovered near its recent peak as investors bet looser monetary policy and accelerating AI investment will bolster risk appetite.
Japan’s Nikkei went up 4.52 percent, while Hong Kong’s Hang Seng went down 0.49 percent.
STOCKS TODAY
Infosys
The digital services and consulting company announced its collaboration with Telenor Shared Services (TSS) to help TSS standardise HR processes and enhance employee productivity and experience through the implementation of Oracle Cloud Human Capital Management (HCM).
Aditya Birla Lifestyle Brands
Flipkart Investments is likely to offload up to 6% of its stake in Aditya Birla Lifestyle Brands through a block deal valued at approximately $112 million.
Vodafone Idea
The Board has appointed Tejas Mehta as the Chief Financial Officer (CFO) of the company, effective October 6, following the completion of Murthy GVAS’s tenure as CFO.
MOIL
The company achieved its best-ever September production of 1.52 lakh tonnes, registering a 3.8% growth over the corresponding period last year. Exploratory core drilling surged significantly, reaching 5,314 meters, a 46% YoY growth.
Canara Bank
Canara HSBC Life Insurance Company will open its 23.75 crore shares IPO for public subscription on October 10, while Canara Robeco AMC will launch its 4.98 crore shares IPO on October 9. The bank owns a 51% stake in each Canara HSBC Life and Canara Robeco AMC.
Source – Moneycontrol