MARKET OVERVIEW :

The Bajaj Housing Finance IPO set a new record, attracting bids exceeding Rs 3.2 lakh crore. Aiming to raise Rs 6,560 crore through fresh equity and an OFS, the issue was subscribed 63.6 times, with non-institutional investors driving demand by subscribing over 200 times.

The benchmark equity indices opened Friday’s trading session in the positive territory. The NSE Nifty 50 opens up by 41.55 points or 0.16% at 25,430.45, while the BSE Sensex jumps 128.84. points or 0.16% to 83,091.55 in the opening trade. The broader indices opened in positive territory. Bank Nifty index opens higher by 180.15 points or 0.35% to settle at 51,952.55.

WILL NIFTY CONTINUE POSITIVE MOMENTUM? SEE GIFT NIFTY, FII DATA, F&O, CRUDE, AND MORE BEFORE MARKET OPENS

Share market today live updates : Gold rate today

The 24-carat gold rate in India was Rs 73,020 per 10 grams on September 13. The rate for 24-carat gold per gram is Rs 7,302. The rate of 22-carat gold was Rs 66,935 per 10 grams. The rate of 24-carat gold has risen by 2% in the last one week, and the yellow metal has risen by 2.14% in the last ten days. The silver currently quotes at Rs 86,860 per kilogram.

Gold and silver rates today, September 13

The 24-carat gold rate in India was Rs 73,020 per 10 grams on September 13. The rate for 24-carat gold per gram is Rs 7,302. The rate of 22-carat gold was Rs 66,935 per 10 grams.

The rate of 24-carat gold has risen by 2% in the last one week, and the yellow metal has risen by 2.14% in the last ten days. The silver currently quotes at Rs 86,860 per kilogram.

Gold, silver rate today on September 13 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices of your city

Shares of Granules India plunged over 19% in two days, hitting a low of Rs 541.10 on the NSE, after the drugmaker received six observations from the US Food and Drug Administration (USFDA). The stock saw heavy selling, with more than 3 crore shares changing hands by 2:30 pm. The USFDA issued a Form 483 to the small-cap pharmaceutical company, citing six observations. One of the key observations raised concerns about the company’s manufacturing practices.

Jefferies has issued a buy call on Bharti Airtel, raising the target price to Rs 1,970. In its report, Jefferies highlighted that Jio’s growing focus on expansion and Vodafone Idea‘s (VIL) continued market share losses could necessitate multiple tariff hikes over the next few years.

The report also noted that Jefferies has raised its FY26/27 India revenue and EBITDA estimates by 5-9%, modeling a 10% tariff hike in mid-FY26 in addition to a similar hike previously projected for Q2FY27.

Jefferies expects Bharti Airtel to achieve a strong 19% compound annual growth rate (CAGR) in EBITDA over FY24-27, with lower capex supporting a 23% CAGR in free cash flow to equity (FCFE), which is expected to drive stock returns.

Patanjali Foods plunges over 3%

Shares of Patanjali Foods were traded in a significant block deal on Friday, September 13. A total of 1.2 crore shares, representing 3.3% of the FMCG company’s equity, worth Rs 2,223.4 crore, changed hands during the session. The identities of the buyers and sellers involved in the deal remain undisclosed.

Early Gainers on NSE ;Tata Motors, Tata Steel, Hindalco, JSW Steel, and Nestle India are the top gainers on NSE Nifty 50 index whereas the top laggards include Asian Paints, Divis Labs, Adani Enterprises, Bajaj Finance, and Sun Pharma.

The NSE Nifty 50 opens up by 41.55 points or 0.16% at 25,430.45, while the BSE Sensex jumps 128.84. points or 0.16% to 83,091.55 in the opening trade.

Nifty and Sensex have hit historic highs at 25,433.35 and 83,116.19, reflecting strong market confidence. Investors remain optimistic, eyeing Nifty’s next psychological target of 26,000, driven by FOMO.

Key stocks in focus include Bharti Airtel, surging on Wi-Fi service expansion, and steel stocks, buoyed by robust demand as reported by ICRA. On the downside, Granules India fell 16% after US FDA observations.

“For traders, Nifty is a buy between 25,200-25,300 with targets up to 26,100, while Bank Nifty offers aggressive targets up to 55,000. Jindal Steel & Power remains a top pick for a bullish rebound,”

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