BSE MidCap up nearly 1%

Shriram transport, M&M Finance and RBL Bank top gainers on the MidCap index

Unlock 5.0 brightens picture for PVR, Inox stocks, but pre-covid levels far away

After months of despair, this week has brought good news for multiplexes. First, West Bengal permitted cinemas to reopen. Now, the Ministry of Home Affairs has said multiplexes can restart operations from 15 October with 50% of their seating capacity. Unsurprisingly, investors are elated. Shares of PVR Ltd and Inox Leisure Ltd have jumped almost 10% on NSE in early trade on Thursday. Overall, these stocks have increased 15-20% so far this week

BSE Telecom up 1.65%

The Telecom Regulatory Authority of India has released amended rules for international mobile roaming, mandating telecom operators to ensure such services are deactivated by default and start only when consumers ask for it. Once activated, the services can be discontinued on consumers’ request, the telecom regulator said.

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Dhanlaxmi Bank up 1%

Shareholders of Dhanlaxmi Bank on Wednesday ousted Managing Director and Chief Executive Officer Sunil Gurbaxani, little over seven months after he assumed charge of the lender.

Steel Strips Wheels up 2.5%

Steel Strips Wheels Ltd has confirmed export orders of nearly 37,000 wheels for EU trailer market, to be executed in the month of December from its Chennai plant.

Maruti Suzuki reports 33.4% increase wholesale dispatches in September

Aided by a quick recovery in demand for entry-level cars, hatchbacks and utility vehicles, Maruti Suzuki India Ltd on Thursday reported a 33.4% year-on-year growth in domestic wholesale during September. The country’s largest passenger vehicle manufacturer sold 150040 units during the last month versus 112500 units in September 2019.

Tokyo Stock Exchange suspends day's trade after worst-ever system glitch

The Tokyo Stock Exchange suspended share trading for the full day on Thursday as a glitch in its electronic trading system caused the worst outage ever suffered by the world's third-largest stock market.

The shutdown frustrated investors looking to buy back shares after the first US presidential debate, and could tarnish the exchange's credibility just as new Prime Minister Yoshihide Suga makes digitalisation a top priority and Tokyo looks to replace Hong Kong as Asia's financial hub.

The exchange blamed the outage on a hardware problem at its "Arrowhead" trading system, but added that it found no evidence of unauthorised access. It was the worst glitch since the exchange switched to all-electronic trading in 1999, it said. (Reuters)