Saturday, October 17
The Indian market is expected to trade higher on Tuesday, supported by positive global cues.Nifty futures closed lower on Monday, slipping 0.45% to 24,965. Meanwhile, India VIX rose nearly 5% to close at 17.36, indicating heightened volatility.On the options front, the maximum Call open interest (OI) is placed at the 26,000 and 25,000 strike prices, while the maximum Put OI is seen at 24,000 and 24,500 strikes.Call writing is observed at the 25,000 and 25,200 strikes, while Put writing is active at 24,900 and 25,000 strikes.“Options data suggests a broader trading range between 24,500 and 25,500, with an immediate range of 24,750 to 25,200,” said Chandan Taparia, Analyst–Derivatives at Motilal Oswal Financial Services.“On the daily chart, Nifty50 formed a small-bodied bearish candl
Some areas of Maharashtra may see heavy rain, thunder, and gusty winds from May 21 to May 24 due to a weather system forming over the Arabian Sea, the India Meteorological Department (IMD) said on Tuesday.According to the Regional Meteorological Centre in Mumbai, a cyclonic circulation is likely to develop over the east-central Arabian Sea, near the Karnataka coast. A low-pressure area is expected to form around May 22, which may move northwards and get stronger.Shubhangi Bhute, a senior official at the Met department, said that the rain in Maharashtra is expected to increase during this period because of the developing weather system.The rain may affect several regions including south Konkan, south central Maharashtra, and Mumbai.“There is a chance of heavy rainfall with thunder at some
Equities are expected to outperform other asset classes in FY26 notwithstanding global trade tensions, US tariffs and geopolitical uncertainties, with Nifty delivering 12%-15% returns. The rise will be anchored by strong domestic demand and a healthy 6.2–6.5% GDP growth, say experts.Shailesh Saraf, smallcase manager & founder at Value Stocks, sees improvement in market sentiments with foreign institutional investors (FIIs) getting back to their ways. "The market sentiment has improved, reflected in FII net inflows of Rs 16,757 crore in FY26 so far, alongside an 8% return from the Nifty 50 and a 10% gain in the Smallcap 100 index," he said. Robin Arya, another smallcase Manager and Founder of GoalFi, lists stable government and potential earnings rebound as key triggers for domestic s
United Spirits on Tuesday announced its Q4FY25 earnings where the liquor maker reported a net profit growth of 75% to Rs 421 crore versus Rs 241 crore in the year ago period. The revenue from operations was reported at Rs 6,634 crore which was a 2% uptick over Rs 6,511 crore reported in the corresponding period of the previous financial year. The profit after tax (PAT) was up 26% from Rs 335 crore reported by the company in Q3FY25 while the revenue from operations fell 14% over 7,732 crore reported in the October-December quarter of FY25.The company's board of directors have recommended a final dividend of Rs 8 per share for the fiscal year 2024-25, subject to shareholders’ approval.Headquartered in Bengaluru, Diageo India has one of the largest manufacturing footprints in alcobev with 3
Borana Weaves, a Surat-based textile manufacturer, has launched its initial public offering (IPO) today, aiming to raise nearly Rs 145 crore through a fresh issue of 67.08 lakh shares. Borana Weaves IPO's GMP stood at Rs 55, indicating an estimated premium of 26%.The IPO is entirely a fresh issue, meaning all funds raised will directly benefit the company. Borana Weaves plans to use the proceeds to establish a new manufacturing unit in Surat, Gujarat, enhancing its production capabilities in grey fabric. Additionally, the funds will be used for meeting incremental working capital requirements and general corporate purposes.Beeline Capital Advisors is the book-running lead manager for this issue, while Kfin Technologies is the registrar.Borana Weaves IPO price bandThe IPO, which opens for s
