Sensex jumps 1,016 points; here’s what to expect from this week

After the Reserve Bank of India made its interest rate decision, the Benchmark indices posted a stellar recovery on Friday. After seven consecutive sessions of fall, the Sensex and Nifty closed higher. Sensex went up 1,016. 96 points or 1.80 per cent of the total was 57,426. It rallied 1,312 during the day. 67 points or 2.32 per cent were gained to 57,722, or 67 points or 2.32 per cent. The Nifty climbed 276.25 points or 1.64 per cent to close at 17,094. Here's a look at stocks that are likely to remain in news today.

Oil companies: The government removed the windfall profit tax on locally produced crude oil and diesel, in line with a decline in international rates, and scrapped the levy on the export of jet fuel with effect from October 2. The tax on domestically produced crude oil was reduced to Rs 8,000 per tonne from Rs 10,500 per tonne.

Automakers: Auto stocks including two-wheelers, four wheelers and commercial vehicle makers will be tracked after announcing their sale unit for September on the weekend.

Coal India: The state-owned coal miner said in September 2022 its coal production increased by 12.3 per cent to 45.7 million tons, and its offtake increased by 1.1 per cent to 48.9 million tons compared to the same period last month.

Zydus Lifesciences: The US health regulators approved the drug maker to market Sildenafil for oral suspension, used to treat pulmonary hypertension, in the US market. The US Food and Drug Administration USFDA has approved the company to market the product.

APL Apollo Tubes: The steel tube maker logged the highest quarterly sales volume of 6.02 lakh tonne in Q2 FY23, up 41 per cent on a yearly basis. The sales volume for the first half of FY 23 was 10.25 lakh tonnes, compared to 8 lakh tonnes in the same period last year.

Rating agency Crisil has removed the firm from '' watch with developing implications and reaffirmed its rating as A with a stable outlook for bank loan facilities worth Rs 3,500 crore.

63 Moons Technologies: The company will provide software support to the Multi Commodity Exchange of India MCX for three months from October 1. Its ongoing software support and maintenance agreement ended on September 30.

Muthoot Capital Services: The smallcap NBFC completed a securitisation transaction of Rs 121.56 crore on September 30. This is the fourth securitisation transaction carried out by the company during the FY 23. The entire pool is from the non-priority sector and has been taken after considering the RBI guidelines.

Tata Consultancy Services : Largest Indian IT company Tata Consultancy Services TCS will be considering a second interim dividend for the financial year FY 23 in a board meeting on October 10. TCS will announce its financial results for Q 2 and six monthly periods of FY 23. The record date has been announced by the Tata Group-backed firm to determine eligible shareholders for the dividends.

Zee Entertainment Shareholders of Zee Entertainment Enterprises Ltd ZEEL have cleared all eight resolutions in the Annual General Meeting of the company. The resolution for the re-appointment of its Managing Director Punit Goenka was approved by the required majority at the 40th AGM. ZEEL also received approval for the special resolution for the re-appointment of R Gopalan as Independent Director of the company, according to a regulatory filing.

The Bank of Baroda: Competition Commission of India CCI has approved the proposed acquisition of a 21 per cent stake in IndiaFirst Life Insurance. The Bank will acquire 21 per cent of the shareholding of IndiaFirst Life Insurance Company Ltd IFLIC from Union Bank of India.