The market Is Experiencing Mild Volatility

The market is experiencing mild volatility. Within the first ten minutes of trade, Sensex saw a swing of 159 points between high and low of 37,663.12 and 37,503.74, respectively.

The Indian market traded flat in early deals as gains in shares of HDFC Bank, Hindustan Unilever and ICICI Bank were offset by losses in those of TCS, Reliance Industries and Infosys.

The rupee depreciated by 14 paise to close at 71.02 against the US dollar on October 7 as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy, as per PTI.

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Yes Bank Is In Discussion With Three Technology Companies, Including Software Major

Yes Bank considers stake sale: Yes Bank is in discussion with three technology companies, including software major Microsoft, for strategic investment, reported Mint. 

“The top management of Yes Bank held discussions with Microsoft as part of the bank’s ongoing strategy to sell a minority stake to a global tech company,” a source told the paper.

Shares of VST Tillers Tractors added 3 percent intraday on October 7 after the company reported better sales numbers in September 2019.

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Asian Markets Were Trading Firm After Data Showed The US Unemployment

Asian markets were trading firm after data showed the US unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy.

Trends on SGX Nifty indicate a positive opening for the broader index in India. Around 0755 hours IST, the Nifty futures were trading at 11,216-level, up 10 points or 0.09 percent, on the Singaporean Exchange.

US markets rallied on Friday after moderate job growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns the world’s largest economy may be sliding into a recession.

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Zee Entertainment Jumps 9% After Lenders Extend Repayment Deadline

Shares of Zee Entertainment Enterprises surged 9 percent on BSE on October 3 after the company said that the lenders had agreed to give it another six months to repay debt.

In an interview to CNBC-TV18, Punit Goenka, chief executive officer, on October 1 said, "Zee is working with the lenders with all options to explore and find a solution on the stake sale and the resolution stake sale that we had proposed of another 10 percent." Goenka said the amount due to the Indian lenders was around Rs 5,000 crore.

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Wipro Up 2% After Completing Strategic Engagement With ICICI Bank

Shares of Wipro added 2.5 percent intraday on October 3 after the company completed a strategic engagement with ICICI Bank.

The company will absorb some employees of Vara lnfotech along with its existing contracts, facilities and assets through a business transfer agreement, as per a BSE release.

The meeting of the board of directors will be held over October 14-15 to consider and approve the condensed audited standalone and consolidated financial results of the company under lndAS for the quarter and half year ended September 30, 2019.

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Bajaj Auto September Auto Sales: Company's Total Sales Down 20% At 4.02 Lakh

Bajaj Auto September auto sales: Company's total sales down 20% at 4.02 lakh units against 5.02 lakh units, while exports declined 2 percent at 1.86 lakh units against 1.90 lakh units, YoY.

JMC Projects secures new orders: Shares of JMC Projects gained more than 4 percent on October 1 as company secured orders worth Rs 560 crore.

Shares of PNB Housing Finance touched 52-week low of Rs 556.70, falling 4.6 percent on October 1 after resignation of chairman of the company.

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The Sensex Is Up 237.73 Points At 38,905.06, While Nifty Is Up 70.30 Points

The Sensex is up 237.73 points at 38,905.06, while Nifty is up 70.30 points at 11,544.80. About 460 shares have advanced, 203 shares declined, and 28 shares are unchanged.

CONCOR, SCI, Berger Paints, BPCL, Yes Bank, IOC, IndusInd Bank, Hero MotoCorp, Tata Motors, HDFC Bank and Bajaj Finance are among major gainers on the Indices, while losers are DRL, Cipla, Reliance Capital, Ashok Leyland, Vodafone Idea and DHFL.

Among sectors, except IT and metal all indices are trading higher led by the bank, auto, infra, FMCG, pharma, and energy.

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