JSW Energy share price surged over 13 percent

The Markets Today in a nutshell

• Domestic benchmark indices ended on a positive note.
• Traders built up positions ahead of Q2 result season starting next week. Global cues were mixed on looming recession fears. Metal and realty shares rallied while pharma, healthcare and FMCG shares corrected after recent steep gains. Services PMI falls to 54.3 in September 2022.

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News you could use

?Spice Jet share price rises over 8 percent
The finance ministry modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising the loan limit to Rs 1,500 crore from Rs 400 crore to help the aviation industry.

?JSW Energy share price surged over 13 percent
The company’s subsidiary JSW Neo Energy has entered into a Memorandum of Understanding with the Government of Maharashtra for setting up a 960 MW capacity of Hydro Pumped Storage Project in Maharashtra. With this MoU, the company has secured resources for ~6 GW hydro PSPs with various states governments.

?Bajaj Finance reports robust AUM growth
The company reporting robust AUM (assets under management) growth of 31 percent for the September quarter. AUM grew to approximately Rs 2.18 lakh crore as compared to Rs 1.66 lakh crore as of 30 September 2021. The company informed that customer franchise now stands at 62.9 million as compared to 52.8 million in the year-ago period. New loans booked during the quarter were 6.8 million as compared to 6.3 million in Q2FY22.

News from the IPO world?

• Electronics Mart IPO subscribed 7.57 times on Day 2
• Tracxn Technologies IPO to open on October 10th
• KKR may pick up stake in IPO bound Manipal Hospitals

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