India's benchmark equity indices closed at record highs in a volatile market on Friday, bolstered by Bajaj Auto-led surge, Gains in banking, financial & IT stocks. Sensex rose 0.47%, while Nifty advanced 0.44%. Strides Pharma shares surged 5% after USFDA nod. BofA upgraded Bajaj Auto to 'Buy' & hiked target price. Nifty Auto, Financial Services, and Bank also closed higher.

August saw no significant changes in major airline market shares month-on-month, except for Akasa Air's share dropping from 5.2 to 4.2 percent. IndiGo held the highest market share at 63.3 percent, while SpiceJet rose slightly to 4.4 percent. IndiGo was impacted the most by the removal of its Pratt and Whitney engines.

The Sensex and Nifty rose on September 15th, boosted by positive news from individual companies such as Bajaj Auto being upgraded to "Buy" by BofA Securities, Sequent Scientific selling their API facility in Thane, Oil India investing Rs 25,000 crore in renewable energy, Shakti Pumps winning a bid of Rs 293 crore from the Department of Agiculture in Uttar Pradesh.

Maruti Suzuki India Ltd and Indian Bank have formed a partnership to provide financing solutions to over 4,000 dealerships across India. This will enable customers to purchase cars more smoothly and dealers to easily access working capital finance at favourable terms. The MoU looks to strengthen relationships between both parties and drive growth for dealership business.

On September 15, many stocks in India hit all-time highs, indicating an impressive performance under changing market conditions. Bajaj Auto, Grasim Industries, Cholamandalam Investment and Finance Company, Ultratech Cement, Axis Bank, and United Spirits were some of the top performers. Results were gathered from StockEdge at 1:45 pm on the same day.

More than 40 Nifty stocks have recently formed the Golden Crossover pattern. 10 of these stocks include NTPC, Nestle India, Oil and Natural Gas Corporation, Power Grid Corporation of India Ltd., Reliance Industries, SBI Life Insurance Company Ltd., State Bank of India, Sun Pharmaceutical Industries Ltd., Tata Consultancy Services Ltd., and Tata Consumer Products Ltd.

QSR Asia Pte Ltd, an investment arm of Everstone Capital, has sold a 25.4% stake in Restaurant Brands Asia through a block deal for Rs 1,494 crore. Following the sale, QSR Asia now holds a 15.4% stake in the restaurant chain operator. At the time of writing this report, the buyer was not ascertained; however, strong buyers sparked the stock to rebound from its low to a 52-week high.

India's merchandise trade deficit narrowing to $24.16B in August, down 2.8%. Exports rose slightly compared to July but saw a fall when compared year-on-year. Sectors such as engineering, electronic and agricultural goods recorded growth, however gems & jewellery saw a drop of $4.4B due to slowdown in developed economies. Petroleum imports declined due to price effect.

The public offering of Samhi Hotels, a branded hotel ownership and asset management platform in India, has seen limited investor support. On the second day of bidding, 66.75 lakh shares were purchased (11% of offer size); retail investors accounted for majority. Qualified institutional buyers only bought 0.005% of allotted quota, which was 75% of offered shares.

On September 15th, Indian stocks surged to reach its 52-week highs. This showcases the potential of some midcap companies like Vodafone Idea, Union Bank Of India, Bharat Forge, Bank Of India, NMDC, Dalmia Bharat, L&T Technology services, and MRF, amongst other.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 319.63 points or 0.47% at 67,838.63, and the Nifty was up 89.25 points or 0.44% at 20,192.35. 📊Among sectoral, Nifty Auto (⬆️1.58%) turned out to be the best performer while Nifty FMCG (⬇️ 0.48%) saw considerable selling.

Shares of amusement park company Wonderla Holidays rose over 1.5% in afternoon trading before stabilizing at a 0.7% increase by 2:30 pm. Trading volume skyrocketed, with 3 lakh shares exchanged versus usual 85K and 1 lakh weekly and monthly respectively. Quarterly revenue, EBITDA, and net profit all hit new records. ARPU up 25%.

Shares of Siyaram Silk Mills rallied to a 1-yr high of Rs 633.8 after increasing buyback price from Rs 650 to Rs 720/scrip. The stock is up 15% YTD, 35% YOY & 320% in 3yrs. Analysts recommend 'strong buy' with target price of Rs 710. Stock's day RSI & MACD indicate bullish signals. Promoters hold 67.18% stake; company exports men's attire to various countries.

HDFC Bank has partnered with CreditWise Capital (CWC) to expand access to two-wheeler loans in lesser-served Tier 2, 3 & 4 towns. HDFC Bank brings their expertise in offering credit, while CWC provides a loan processing platform for assessing potential borrowers and their credit profiles. This collaboration will allow both parties to combine their strengths, thus helping them reach more customers.

Shares of Titagarh Rail Systems surged 3% on September 15th due to strong outlook for the rail coach and wagon maker. Brokerage HSBC Securities has given a 'Buy' rating with a higher target price, citing an upside potential from current levels and 2.8x jump in its profit over FY23-26. The company posted revenue from operations of Rs 911 crore and net profit of Rs 62 crore in the June quarter.