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- #Nifty50 closes out the week 2% higher - #SEBI Chairperson #MadhabhiPuriBuch and husband deny fresh allegations by #Hindenburg   Tune in to 'Profit 360' with Nupur Talwar Suri for these and more top news of the day. #NDTVProfitLive ______________________________________________________   For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit Instagram: https://www.instagram.com/ndtvprofit/ Facebook: https://www.facebook.com/NDTVProfit/ #ndtvprofit #stockmarket #news #ndtv #business #finance #mutualfunds #sharemarket Share Market News | NDTV Profit LIVE | NDTV Profit LIVE News | Business News LIVE | Finance News | Mutual Funds | Stocks To Buy | Stock Market LIVE News | Stock Market Latest Updates | Sensex Nifty LIVE | Nifty Sensex LIVE

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04:52benchmarks close the week with gains of 2% nifty media ends as the top gaining

04:58sector for the week while oil and gas close as the top laggards

05:04the SEBI chairperson and husband have all butch deny all allegations in a

05:09point-by-point rebuttal made in personal capacity call allegations false and

05:14misleading Bajaj housing finance lists on Monday Bajaj finance Bajaj fin serve

05:21rose up to 3% on expectations of doubling wealth car sales dropped by

05:27close to 2% in August compared to last year according to data coming in from

05:32Siam our car makers produced more and sold less Ford Motor set to restart its

05:39Tamil Nadu operation starboard to set up plant in Hosur and a slew of mo you

05:43assigned by Tamil Nadu's chief minister MK Stalin in the US has Tamil Nadu got

05:49its mojo back Supreme Court grants bail to the Delhi chief minister in cage

05:56but bars him from publicly commenting on the liquor policy case he also cannot go

06:01to the chief minister's office and secretariat for signing files typhoon

06:07Yagi claims 233 lives in Vietnam in the aftermath as rescue workers recovered

06:13more bodies from landslide and flood hit areas floodwaters in Hanoi have begun to

06:18recede but many neighborhoods remain inundated China approves plan to hike

06:25retirement age for the first time since 1978 aims to slow down the decline in

06:32the labor force and support economic growth

06:45good evening and welcome you are watching profit 360 on NDTV profit I'm

06:49no portal bar Suri now the sensex and the nifty were flat today as trading

06:53remains choppy and NDTV profits harsh site is joining us with a roundup of how

06:59the markets fed while the nifty has closed flat this Friday afternoon we

07:07are seeing good traction overall so nothing to be disappointed about

07:11whatsoever was closed with a slight negative bias we were just about 30 odd

07:16points lower in trade today versus yesterday but the nifty bank which is on

07:21the left you see a third of a percent higher so good traction seen on the

07:26nifty bank and the other piece also that was gaining was the nifty IT so those

07:30two heavyweights in terms of sectoral indices has done very well in trade

07:36today at least let's pull out the heat map see what within IT and banks did

07:41well and there you go you have the pro which is up around 3.4 odd percent but

07:47outside of that Tech Mahindra saw good traction as well HCL tech has done very

07:51very well LTI mine tree was up a fifth of a percent thereabouts as well but it

07:56was the financials which really did well in trade you saw the Bajaj twins doing

08:01well you saw IndusInd bank and Axis contributing the heavyweights not doing

08:06much look at where a Kotak is look at where an HDFC bank is and look at where

08:10a reliance is so therefore some of those not really moving what didn't do well

08:15within the financials itself you had SBI and HDFC life which didn't do well

08:20let's pull up the contributories and that's likely what we'll see as a

08:23reflection there as well ITC RIL softish or flattish in terms of their

08:29contribution and some of the financials and IT stocks really ruling the roost

08:36and holding markets otherwise which were otherwise would have been at least a

08:40hundred points or so lower now let's quickly pull up the nifty mid cap and

08:45small cap indices because that's where a bulk of the action today was they've

08:50done well in trade the mid cap was up around 0.7 odd percent nifty small cap

08:55also up roughly 0.9 percent so those two indices doing fairly well the advance

09:01decline reflecting that and the advance decline largely having a good balance in

09:08terms of advance to decline there you go so good breadth in terms of the

09:12market pretty much through the day and that's where the positivity comes from

09:17let's pull up the sectoral heat map we've already spoken about two key

09:21sectors but outside of that I want to talk about metals because that one has

09:25done very well in trade this week as well 0.9 percent on the back of all the

09:29gains it made yesterday the BSE 500 if you can quickly look at some of the

09:34buzzing stocks in trade those are all your buzzers linda india small

09:39acquisition but nonetheless the stock flying away in trade and those are some

09:43of the other ones home first and that entire clutch of housing financiers and

09:47Bajaj you know Bajaj related stocks were also a bus now in this scenario of out

09:55performance by the markets in which sectors does the bias lie MK investment

09:59managers Manish Senthalia believes that banking and insurance are good picks

10:05where do we hide in this sort of a market I think the idea is to buy into

10:11moderate growth companies at moderate valuations rather than looking to buy

10:16the best growth companies and the highest values in this way one can

10:21actually reduce this sectorally you can hide in pockets like banks financials

10:26this includes insurance or health insurance often take a platform

10:32companies in the fintech space you could find shelter in IP companies because ID

10:38companies would likely do well beginning second half of this year continuing and

10:43do the first half next year and obviously rate cuts in the u.s. is only

10:47going to help now the semi chairperson might be Puri butch and her husband

10:53have jointly denied the acquisitions which were made by all parties they call

10:58them false and defamatory has Charu from NDTV profit with all the details I Charu

11:02Charu take us through the details of the statement that has come in from the two

11:07of them I know so the couple the semi chairperson might be Puri butch and her

11:12husband have come out with a comprehensive statement against the

11:16recent allegations made against them and one of the most important points they

11:19made was that Madhavi butch has never dealt with any file involving Agora

11:24Mahindra group PD light dr. ready Alvarez and Marsal stem Corp visa leasing or

11:30ICICI Bank after joining SEBI it was also mentioned that information about

11:35the rental income that was mentioned in many allegations against her is also on

11:40that it was on off market rate is also completely false and that the IT returns

11:45of the couples based on which again some accusations were put against the couple

11:49were obtained illegally it was also mentioned that the SEBI chairperson had

11:52nothing to do and completely recuse herself from all the matters involving

11:56her before boots consultancy now this statement is a very comprehensive

12:01statement which point by a point says that the allegations made against them

12:06are completely false and are not true in nature however this comes after a

12:09plethora of accusations by the opposition SEBI's own employees

12:14Subhash Chandra and many other sectors however the couple has remained very

12:18strong in their standing saying that the accusations are completely false and do

12:23not have a strong base all right Charu thank you very much for joining us and

12:27giving us those details now Bajaj twins rose in trade ahead of Bajaj housings

12:31market debut on Monday and her side that is back with us on this he has been

12:36tracking the idea closely and Harsha take us through a comparison of Bajaj

12:43housing with its peers well Bajaj housing finance that's the IPO everyone

12:49is talking about we had Bajaj stocks buzzing on Friday doing very well in

12:55trade but outside of that we had some housing financiers also do very very

12:59well in trade now I want to try and break this down a little bit further it

13:03was a 6560 crore IPO roughly seventeen hundred and fifty crore was the book

13:09size for anchor and therefore around five thousand odd crore was the was the

13:14IPO size technically outside of anchor book which was oversubscribed 63 times

13:19and therefore you had a slush of liquidity coming into markets because

13:25you had three lakh crore plus in terms of bids which were made which were

13:29rejected and a lot of that traction was also seen both in Bajaj stocks which is

13:35Bajaj finance will serve as well as Maharashtra scooters you also saw some

13:40of the home financers do very well Aptus, Avas, Aadhar, Repco homes all of them did

13:47very very well in trade today now just in terms of valuations now at 70 rupees

13:53the price to book is 3.2 times maybe 2.8 2.9 times one year forward price to book

14:00that may of course be compared to some of the other housing financiers largely

14:07at par but if this were to list at a solid premium then likely some of the

14:13book value will get adjusted for example if it were to list at 100 or 110 the

14:19book value could be almost five times price to book five and a half times

14:23Bajaj finance trades at so to wait and watch of course premium in the

14:28unlisted market is strong and therefore it's going to be very interesting Monday

14:32where Bajaj housing as well as Bajaj names and housing finance names are

14:36concerned all right thank you for that Harsh now passenger vehicle sales have

14:40dipped in August the data is issued by the Society of Indian Automobile

14:44Manufacturers also known as SIAM I'm now joined by Puneet Javeri who will take us

14:49to a detailed breakdown of this CM data for the month of August has been

14:55released and we get you the latest data as well as the breakup within the

14:58automotive segment now you know car sales are down roughly 1.7% compared to

15:03the same time last year or August 2023 for this month it's come at roughly 3.52

15:07lakh units versus 3.59 lakhs unit in the same time last year with the for two

15:12wheeler specifically it's been a 9% growth which is a very positive result

15:15for the industry it's come in at roughly about 17.11 lakh units sold in this

15:20particular month versus about 15.66 lakh units sold in August 2023

15:24and on three wheeler sales are up roughly about 7.7% coming in at roughly

15:2869,900 units versus 64,900 units in the same time last year now if you look at

15:34you know if you take the look at the data the car sales have been affected

15:38due to tepid demand scenario as well as the high inventory build-up over the

15:41last six months and that's leading to a low growth in for all companies such as

15:45Maruti, Mahindra as well as Tata Motors for two-wheeler specifically they

15:48continue their growth momentum for quarter one also they show strong growth

15:52about 15 to 17 percent and in Q2 also that momentum seems to have sustained

15:56and going forward as well it's expected to have a good festival period for both

16:00these car cars. All right thank you for that now an Indigo flight from Mumbai to

16:05Phuket was diverted to Penang Malaysia due to bad weather conditions now

16:09passengers reported clogged washrooms a lack of food and water supplies and

16:13being stranded on the tarmac for over three hours NDTV profits Anushi

16:18Vakaria was on the flight and has now sent us this report from Phuket after

16:24the plane finally landed there

16:48the flight to Phuket was devoted to Malaysia and we were landed there at Penang

16:52in which Indigo had no prior connections also if you have to see other factors

16:57also included lower fuel cost so refilling was another factor other than

17:02that land charges because we were in a place where Indigo had no earlier

17:06association so that was also a scenario even the refreshments if we are to see

17:11that was served at the end so a couple of and toilets were also

17:15a lot of setbacks which had taken place in today's nights five hours of

17:20sleep in the Malaysian Airport and this is as to why finally we are viewers and

17:25what was the scenario which is building up for Indigo. All right now on to Boeing

17:33where trouble is brewing once again machinists have water to go on strike

17:37this is another setback for the giant aircraft maker whose repetition and

17:41finances have been battered and now faces a shutdown in production of its

17:45best-selling planes the International Association of Machinists and aerospace

17:49workers confirmed that ninety four point six percent of its members rejected a

17:54contract offering a twenty five percent pay raise over four years with a ninety

17:59six percent voting to strike and this adds to Boeing's tough year marked by a

18:03series of setbacks including issues with its aircraft and space programs

18:06dozens have taken to the streets and protest as they marched to a Union Hall

18:10near Boeing 737 max plant in Renton Washington it's clear that Boeing has a

18:15long road ahead in resolving the situation

18:27well onto some national news now the Supreme Court has granted bail to Delhi's

18:32chief minister Arvind K. Trivala the court however has put in some conditions

18:38that on his bail which has been granted and Sunil Prabhu joins us with the

18:43details yes it's a big day for Arvind K. Trivala he's finally going to be

18:49released from the TRJ jail hopefully today later this evening this after the

18:55Supreme Court the two judge bench justice Suryakant as well as as well as

18:59justice Bhuwan made it clear that his bail plea should be accepted those

19:04conditions of course being the same as the enforcement directorate where he

19:08will not be able to attend office he will sign files only where it requires

19:12left-hand governor's approval and other bail conditions but of course there was

19:16a difference of opinion on the issue of the illegality of the arrest justice

19:21Suryakant saying there more questions than answers but upholding it just a

19:25beyond saying that the CBI should be uncaged as a parrot and allowed to act

19:31on its own and to ensure and really coming down and saying very categorically

19:35that this illegality of the arrest is not correct so there's a difference of

19:41opinion it will go to a larger bench it's an academic exercise at present for

19:44Mr. K. Trivala it's a big relief for him as well as his party and it's in that

19:50backdrop that the Delhi government will now have its chief minister there's been

19:57a war of words between the Aam Aadmi Party as well as the BJP and the

20:01left-hand governor hopefully this will help to bring back governance ahead of

20:06the state elections which are due early next year in Jan or February of that of

20:12the coming year right Sunil thank you for those details now in the Archie Carr

20:16case the CBI has moved the Kolkata High Court and sought permission for Sanjay

20:22Roy's narco test now the agitating junior doctors have also written to the

20:25president's Rupati Murmu and Prime Minister Modi requesting their

20:28intervention in the matter junior doctors across Kolkata continue their

20:31protest demanding justice West Bengal's Chief Minister Mantha Banerjee earlier

20:35said that she is willing to resign to restore calm in the state whereas the

20:38governor Anand the boss has lashed out declaring that he would socially boycott

20:42the chief minister and would continue only with his constitutional obligations

20:46towards her well the death toll in the aftermath of a typhoon in Vietnam has

20:53climbed to 233 rescue workers are continuing to recover more bodies from

20:58areas hit by landslides and flash floods floodwaters from the overflowing Red

21:03River in the capital Hanoi are beginning to recede typhoon Yagi made landfall

21:07Saturday starting a week of heavy rains and triggering flash floods and

21:11landslides across Vietnam 103 people are still listed as missing and more than

21:16800 have been injured while staying with international news China has

21:25approved to raise its retirement date for the first time since 1978 now this

21:30move is aimed at countering the demographic headwinds and economic

21:34slowdown women will now retire between the ages of 55 and 58 while the

21:39retirement age for men has been increased from 60 to 63 this change would

21:43delay the public from accessing retirement benefits and relieve the

21:47pressure on the government to fund pensions for a rapidly aging population

21:51and a declining birthrate well Ford Motors will restart its manufacturing

21:58plant in Chennai Tamil Nadu's chief MTA chief minister MK Stalin signed a letter

22:03of intent with the key heart the president of Ford international markets

22:07group to welcome the car manufacturing company back in the state with this

22:11export-oriented deal with Ford and several projects in the pipeline is this

22:16the start of Tamil Nadu's revival

22:23well moving on now there are just about four days to go for Ganpati Visarjan in

22:28Mumbai and the municipal corporation the BMC has made elaborate arrangements for

22:33the immersion of idols Yash Tiwari gets us the report on preparations

22:42the biggest problem faced by the BMC every year is the question of how to

22:47dispose Ganpati idols in an environment-friendly manner since 2016

22:52the BMC has set up artificial lakes in residential areas for Visarjan smaller

22:58idols get immersed in these ponds reducing the number of idols that go

23:02into the sea to identify a place where we are going to start our artificial

23:07lake system the place must be approachable by road first it should be

23:12surrounded by residential area and there should be parking place available for

23:17the visitors to park the vehicles when they come for Visarjan and lastly there

23:21should be where we can get the depth of around 5 feet to 12 feet so all these

23:26four conditions are met then we decide that location for artificial lake this

23:31year we are we have identified 204 locations where we're going to start the

23:35artificial lake the Bombay High Court had ordered on August 30th that the

23:40Central Pollution Control Board must ensure minimum environmental hazard in

23:44compliance BMC ordered all sculptors to avoid the use of plaster of Paris one of

23:50the most harmful chemicals going into the sea instead a special type of clay

23:56was given to the sculptors at a subsidized rate before the Ganesh show

24:00starts we started working on it from last six months only when we started

24:05with giving permissions to idol makers we call the meeting invited them for a

24:09discussion with us we made them aware about our about the guidelines which are

24:14given by CPCB and then we started providing them place for full sculptor

24:19to set up their workshops and we started providing them free clay that is shadow

24:25clay we call it and then we started providing them water facilities

24:30electricity facilities and once their idols are ready we have started

24:34providing them marketing facilities as well we have tied up with Zepto, Blinkit

24:40and Instamart and also some big stores like Sarkar Banda. There are still some

24:45who use idols made of plaster of Paris these idols are immersed in separate

24:50tanks for environment friendly degradation. We have created artificial

24:55pond over here because you know the idol are of POP also and of mud also so

25:01you can see there are six ponds over here half we do it for POP and half we

25:06do it for the whichever is prepared by clay or mud the reason is that POP idols

25:11are there they are immersed later on in the ammonia bicarbonate solution so

25:17after 48 hours that POP gets melt and after the process we can use it as a

25:23fertilizer. BMC has made a strong attempt to minimize environmental hazards

25:29as far as possible even the water in these artificial lakes is used to water

25:34plants in parks. Over the next four days the BMC will be on high alert as the

25:40large idols of the city will go on the final ride to the sea. We have installed

25:46478 steel plates on our various places where Chowpatty is there. 43 German

25:54boats we have installed. 761 lifeguards are deputed. 48 motorboats are given to

26:00these lifeguards. We have 274 vehicles which will be carrying the Nirmalayas

26:05from the resurgence. More than 200 artificial lakes like this have been set

26:11in and across the city of Mumbai. 13,000 BMC officials are on the road to manage

26:16the Lord Ganesha emergence for the next 10 days. With camera person Radha, this is

26:21Yash Tiwari for NDTV Prophet. Well on that note it is a goodbye from all of us

26:27here on Prophet 360. Thank you for joining us.

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Nifty 50 Closes Week 2% Higher | Profit 360 | NDTV Profit

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