HDFC Bank shares rose to a nearly seven-week high of Rs 749.30, extending gains to 5% over three sessions, after ET reported that the RBI is weighing Anup Bagchi’s candidature for the bank’s CEO and MD post and has sought feedback from IRDAI and ICICI Bank CEO Sandeep Bakhshi.
UBS has raised its Meesho estimates across NMV, contribution profit and EBITDA, citing stronger seller and buyer growth and improving unit economics. The brokerage expects contribution margins to expand as logistics costs ease and advertising revenue grows. Meesho’s ability to sustain user additions, ordering frequency and NMV growth remains central to its outlook.
Tesla shares rose nearly 3% ahead of the Roadster reveal, with investors also tracking Nvidia’s support for its energy-storage business and the outlook for Optimus and autonomous driving.
Bond yields for Indian government securities showed little fluctuation as markets brace for ongoing liquidity withdrawals. Specifically, the yield for the benchmark 2036 bond settled at about 7.05% during early trading on Tuesday. With retail inflation rising to 4.82% in August, expectations mount for a rate hike from the Reserve Bank of India next month.
Pace Digitek shares surged over 13% to Rs 175.37 on Tuesday after its material subsidiary, Lineage Power, bagged a Rs 488.46-crore BESS order from NTPC GE Power Services. The project at the Barh Super Thermal Power Project involves BESS containers, maintenance, and extended warranty through December 2026.
IPO-bound Moneyview paid CEO Puneet Agarwal a one-time Rs 160 crore performance incentive in FY26, reducing reported net profit by about Rs 120 crore after tax. The company said the payment was non-recurring and has no plans for similar incentives. Moneyview’s Rs 1,092-crore IPO opens September 24 at Rs 32-34.
Five Nifty500 stocks were highlighted in the RSI Trending Up scan on September 21, based on data from StockEdge. Mankind Pharma, Cohance Lifesciences, Kaynes Technology India, Fertilisers And Chemicals Travancore and Jaiprakash Power Ventures recorded rising RSI values.
Four Nifty 500 stocks closed over 1.5% above their VWAPs on September 21, signaling stronger-than-average trading prices.
South Korean shares rose nearly 2% on Tuesday, tracking Wall Street gains, with Samsung Electronics and SK Hynix leading the rally. The won strengthened while government bond yields eased as investor sentiment improved amid stronger risk appetite.
As of September 21, four NSE F&O stocks recorded an increase of over 8% in futures open interest compared to the previous trading session. Oracle Financial Services Software led the gains with an 11.43% rise, followed by Sona BLW Precision Forgings, Patanjali Foods, and BSE.
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