Three Nifty 500 stocks closed more than 1.5% above their VWAPs on October 5, signaling stronger price performance relative to volume-weighted average levels, according to StockEdge technical scan data.
The Delhi government has decided to withhold ACP Vivek Bhagat's additional duty charge amid sexual harassment allegations. Bhagat voluntarily requested to delay his new role pending a full inquiry into the accusations. These allegations involve sexual harassment against three women journalists during a recent protest. The complaints have been forwarded to the Crime Branch for a thorough investigation.
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STL’s revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.
S Jaishankar addressed the need for reform in the United Nations during the 5th Kautilya Economic Conclave. He pointed out the UN's irrelevance in addressing significant global issues, including conflicts in Ukraine and the Gulf. Jaishankar noted that the Security Council is gridlocked and does not represent global interests adequately. He emphasized the importance of fixing the UN instead of bypassing it.
Tata Group retail arm Trent reported a 23% year-on-year surge in Q2FY27 standalone revenue to Rs 5,788 crore, supported by strong growth across Zudio and Westside formats. Global brokerage BofA Securities has initiated coverage on the stock with a Buy rating and a target price of Rs 3,075.
US President Donald Trump has said that he is not rushing to resume trade negotiations with Canada. He insisted that any future agreement requires Canada to approach these talks with honesty. Following the breakdown of negotiations in August, significant tariffs have been imposed by both countries. The dispute currently affects the United States-Mexico-Canada Agreement concerning North American trade.
Israel was prepared to shoot down a FlyDubai passenger jet carrying more than 150 Israelis after the captain was attacked in the cockpit and the aircraft plunged 14,000 feet, CBS News reported. Israeli fighter jets were scrambled as authorities assessed whether the plane had been hijacked before it turned towards Saudi Arabia.
Three Nifty500 stocks gained over 5% on October 5 and featured on StockEdge’s White Marubozu bullish scanner, signalling strong upward price momentum during the session.
