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What is the story about?
A third straight rally for the Street, and a Rupee that finally breathes
Dalal Street extended its winning run, with the Nifty rising 76 points to close above 23,300 for the first time this week, even as the Sensex slipped marginally. The rupee found some relief too, snapping a seven-session losing streak as Brent crude eased for a third day to around $103. Foreign investors turned net buyers today, adding ₹599.54 crore, but that barely dents the ₹7,619.69 crore they've pulled out over the past four sessions.
Dalal Street gains for third straight day: 5 reasons behind today’s rally
The equity benchmark indices ended higher on today, with the broader market gaining for the third straight day, while the Nifty rose 76 points to 23,346 and closed above 23,300 for the first time this week. The Sensex, however, ended 20 points lower at 74,295.
Read more
FIIs sell over ₹7,600 crore in 4 sessions despite turning net buyers on Friday
Foreign institutional investors turned net buyers of Indian equities on Friday, purchasing shares worth ₹599.54 crore. However, the buying came after three consecutive sessions of selling, taking their net outflows over the four sessions from September 15 to September 18 to ₹7,619.69 crore.
Read more
Rupee snaps seven-session losing streak as oil prices ease; bond yields stay above 7%
The rupee could remain in focus over the coming sessions as movements in crude oil prices, the Reserve Bank of India intervention and global interest rate expectations continue to drive sentiment. While easing oil prices have provided some relief to the domestic currency, elevated bond yields suggest markets remain cautious about the inflation and rate outlook. Brent crude declined for a third consecutive session, falling more than 1.3% to around $103 a barrel, even though prices remain above the $100 mark. The pullback comes as concerns over supply disruptions from West Asia begin to moderate.
Read more
Tata's ₹41,000 crore setback, NSE's full house
Governance drama came with a real price tag today as Tata Group's combined market cap fell ₹41,993 crore after its trusts rejected the Tata Sons listing plan, even as the Shapoorji Pallonji Group welcomed RBI's stance on the matter. Elsewhere, the primary market showed no such hesitation, NSE's ₹22,569 crore IPO was fully subscribed on day two, led by institutional and non-institutional bids.
Tata group loses over ₹40,000 crore after trusts reject Tata Sons listing
Post-market close data showed that Tata Group stocks saw mixed movement in market capitalisation, with the group’s combined market cap declining by ₹41,993 crore, or 1.73%, to ₹23.87 lakh crore. TCS recorded the biggest decline in absolute terms, losing ₹30,754 crore, while Tata Chemicals posted the sharpest percentage fall at 11.04%.
Read more
Also read: SP Group welcomes RBI decision on Tata Sons, says listing a social and moral imperative
NSE IPO fully subscribed on second day of bidding as institutions, HNIs place bets
The ₹22,569 crore IPO of the National Stock Exchange was fully subscribed on the second day of bidding on Friday. Bids were led by the institutional and non-institutional investors.
Read more
Also read: Supreme Court allows all co-location cases to be settled between SEBI and NSE
Buffett passes the baton, legal action against Nestlé India and iPhone 18 cues
Warren Buffett closed a remarkable chapter today, stepping down as Berkshire Hathaway chairman and handing the reins to his son Howard, a succession the market has been bracing for years. Closer home, Nestlé India found itself on the wrong side of a regulator, with FSSAI launching legal action over compliance lapses in two infant nutrition products. Politics had its own drama, the Election Commission froze the TMC's name and symbol for upcoming bypolls until it settles which faction, Mamata Banerjee's or Arup Roy's, actually owns the party. Meanwhile, Apple stores saw queues for the iPhone 18 Pro, and Canada's Mark Carney pushed back at Trump, urging Canada and the EU to join forces in defence of democratic institutions.
Warren Buffett gives up Berkshire chair after six decades, son Howard takes the reins
Warren Buffett is stepping down as chairman of Berkshire Hathaway, ending a six-decade run at the helm of the $1 trillion conglomerate and completing the next major step in the company’s long-planned succession. His son, Howard Buffett, will succeed him as chairman, in line with Berkshire’s long-standing succession plan.
Read more
Also watch: Warren Buffett steps down as Berkshire chairman, passes baton to son Howard Buffett
FSSAI initiates legal action against Nestlé India over baby nutrition products
The Food Safety and Standards Authority of India has initiated legal action against Nestlé India over non-compliances related to two infant nutrition products: NAN Excella Pro Stage 1 and Lactogen Pro 1. FSSAI said three separate adjudication cases have been filed against Nestlé India in connection with the products.
Read more
Also watch: Nestle's infant formula products under the lens, FSSAI initiates legal action (Embed VIDEO for CMS)
iPhone 18 Pro, 18 Pro Max sale: Delhi, Mumbai, Bengaluru see queues outside Apple stores
The iPhone 18 Pro and iPhone 18 Pro Max went on sale in India today, with customers gathering outside Apple stores and authorised outlets in Delhi, Mumbai and Bengaluru before the sale began.
Read more
Election Commission of India freezes TMC name, symbol for bypolls; rival factions asked to choose new identities
The Election Commission of India on Thursday barred both rival factions of the All India Trinamool Congress from using the party's name and its reserved “Flowers & Grass” symbol for the upcoming bypolls, pending a final decision on the organisational dispute. In an interim order, the Commission said there are two rival groups claiming to represent the All India Trinamool Congress, one led by Mamata Banerjee and the other by Arup Roy.
Read more
Also read: TRAI changes spam-call rules; here’s what it means for apps like Truecaller
Mark Carney hits back at Trump, says Canada and EU should ally to protect democracies
Canada and Europe should ally to protect their markets, democracies and rule of law in a world dominated by the United States and China, Prime Minister Mark Carney said, after an EU proposal to make Canada an "associate member".
Read more
That’s your Top 10@10 for today. See you on Monday with another roundup.
Dalal Street extended its winning run, with the Nifty rising 76 points to close above 23,300 for the first time this week, even as the Sensex slipped marginally. The rupee found some relief too, snapping a seven-session losing streak as Brent crude eased for a third day to around $103. Foreign investors turned net buyers today, adding ₹599.54 crore, but that barely dents the ₹7,619.69 crore they've pulled out over the past four sessions.
Dalal Street gains for third straight day: 5 reasons behind today’s rally
The equity benchmark indices ended higher on today, with the broader market gaining for the third straight day, while the Nifty rose 76 points to 23,346 and closed above 23,300 for the first time this week. The Sensex, however, ended 20 points lower at 74,295.
Read more
FIIs sell over ₹7,600 crore in 4 sessions despite turning net buyers on Friday
Foreign institutional investors turned net buyers of Indian equities on Friday, purchasing shares worth ₹599.54 crore. However, the buying came after three consecutive sessions of selling, taking their net outflows over the four sessions from September 15 to September 18 to ₹7,619.69 crore.
Read more
Rupee snaps seven-session losing streak as oil prices ease; bond yields stay above 7%
The rupee could remain in focus over the coming sessions as movements in crude oil prices, the Reserve Bank of India intervention and global interest rate expectations continue to drive sentiment. While easing oil prices have provided some relief to the domestic currency, elevated bond yields suggest markets remain cautious about the inflation and rate outlook. Brent crude declined for a third consecutive session, falling more than 1.3% to around $103 a barrel, even though prices remain above the $100 mark. The pullback comes as concerns over supply disruptions from West Asia begin to moderate.
Read more
Tata's ₹41,000 crore setback, NSE's full house
Governance drama came with a real price tag today as Tata Group's combined market cap fell ₹41,993 crore after its trusts rejected the Tata Sons listing plan, even as the Shapoorji Pallonji Group welcomed RBI's stance on the matter. Elsewhere, the primary market showed no such hesitation, NSE's ₹22,569 crore IPO was fully subscribed on day two, led by institutional and non-institutional bids.
Tata group loses over ₹40,000 crore after trusts reject Tata Sons listing
Post-market close data showed that Tata Group stocks saw mixed movement in market capitalisation, with the group’s combined market cap declining by ₹41,993 crore, or 1.73%, to ₹23.87 lakh crore. TCS recorded the biggest decline in absolute terms, losing ₹30,754 crore, while Tata Chemicals posted the sharpest percentage fall at 11.04%.
Read more
Also read: SP Group welcomes RBI decision on Tata Sons, says listing a social and moral imperative
NSE IPO fully subscribed on second day of bidding as institutions, HNIs place bets
The ₹22,569 crore IPO of the National Stock Exchange was fully subscribed on the second day of bidding on Friday. Bids were led by the institutional and non-institutional investors.
Read more
Also read: Supreme Court allows all co-location cases to be settled between SEBI and NSE
Buffett passes the baton, legal action against Nestlé India and iPhone 18 cues
Warren Buffett closed a remarkable chapter today, stepping down as Berkshire Hathaway chairman and handing the reins to his son Howard, a succession the market has been bracing for years. Closer home, Nestlé India found itself on the wrong side of a regulator, with FSSAI launching legal action over compliance lapses in two infant nutrition products. Politics had its own drama, the Election Commission froze the TMC's name and symbol for upcoming bypolls until it settles which faction, Mamata Banerjee's or Arup Roy's, actually owns the party. Meanwhile, Apple stores saw queues for the iPhone 18 Pro, and Canada's Mark Carney pushed back at Trump, urging Canada and the EU to join forces in defence of democratic institutions.
Warren Buffett gives up Berkshire chair after six decades, son Howard takes the reins
Warren Buffett is stepping down as chairman of Berkshire Hathaway, ending a six-decade run at the helm of the $1 trillion conglomerate and completing the next major step in the company’s long-planned succession. His son, Howard Buffett, will succeed him as chairman, in line with Berkshire’s long-standing succession plan.
Read more
Also watch: Warren Buffett steps down as Berkshire chairman, passes baton to son Howard Buffett
FSSAI initiates legal action against Nestlé India over baby nutrition products
The Food Safety and Standards Authority of India has initiated legal action against Nestlé India over non-compliances related to two infant nutrition products: NAN Excella Pro Stage 1 and Lactogen Pro 1. FSSAI said three separate adjudication cases have been filed against Nestlé India in connection with the products.
Read more
Also watch: Nestle's infant formula products under the lens, FSSAI initiates legal action (Embed VIDEO for CMS)
iPhone 18 Pro, 18 Pro Max sale: Delhi, Mumbai, Bengaluru see queues outside Apple stores
The iPhone 18 Pro and iPhone 18 Pro Max went on sale in India today, with customers gathering outside Apple stores and authorised outlets in Delhi, Mumbai and Bengaluru before the sale began.
Read more
Election Commission of India freezes TMC name, symbol for bypolls; rival factions asked to choose new identities
The Election Commission of India on Thursday barred both rival factions of the All India Trinamool Congress from using the party's name and its reserved “Flowers & Grass” symbol for the upcoming bypolls, pending a final decision on the organisational dispute. In an interim order, the Commission said there are two rival groups claiming to represent the All India Trinamool Congress, one led by Mamata Banerjee and the other by Arup Roy.
Read more
Also read: TRAI changes spam-call rules; here’s what it means for apps like Truecaller
Mark Carney hits back at Trump, says Canada and EU should ally to protect democracies
Canada and Europe should ally to protect their markets, democracies and rule of law in a world dominated by the United States and China, Prime Minister Mark Carney said, after an EU proposal to make Canada an "associate member".
Read more
That’s your Top 10@10 for today. See you on Monday with another roundup.
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