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CAS wild swing: Sensex soars 1,000 points on expiry day but ends only 138 points higher

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CAS wild swing: Sensex soars 1,000 points on expiry day but ends only 138 points higher
Indian benchmark indices ended higher on Thursday, snapping a three-session losing streak after a volatile closing auction session (CAS).

After trading in the red for much of the day, the Sensex’s indicative price briefly jumped nearly 1,000 points to 75,708 on its weekly expiry, while the Nifty 50 surged 330 points to 23,762. Most of the gains evaporated by the final close, with the Sensex ending 138 points higher at 74,903 and the Nifty gaining 46 points to settle at 23,478.

Power Grid and Axis Bank shares gained around 2% each to lead gains on Sensex, while UltraTech Cement, NTPC, TechMahindra and Bharti Airtel shares rose more than 1% each. HDFC Bank, L&T, Kotak Mahindra Bank and Bajaj Finance shares meanwhile gained nearly 1% each. Bucking the trend, HCLTech shares dropped over 2%, while those of Tata Steel, Trent, ITC, Adani Ports, BEL and Maruti Suzuki fell around 1% each.

Broader markets meanwhile remained in the red, with Nifty Midcap 100 and Nifty Smallcap 100 indices falling up to 0.4%. Notably, the closing auction session only affects stocks that are included in the F&O segment, less common in the broader markets.

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Among the sectors, Nifty Financial Services, Nifty Bank and a few other indices closed in the green with up to 0.5% gains. Nifty Metal meanwhile dropped 0.65%. The overall market breadth remained negative, with NSE seeing 2,079 declines and 1,466 advances, while 121 stocks remained unchanged.


What lies ahead for Dalal Street?
While Dalal Street took a sigh of relief, caution is warranted. The prospect of synchronised monetary tightening strengthened as higher crude prices and prolonged geopolitical tensions reinforced energy-led inflation concerns, said Vinod Nair, Head of Research at Geojit Investments. He added that investors now await key US inflation data for cues on the rate trajectory. Meanwhile, rising global bond yields, coupled with concerns over a potential yen carry trade unwind amid expectations of a BOJ rate hike and a stronger yen, are likely to keep capital flows into emerging markets under pressure.The domestic market endured a choppy session on expiry day amid weak Asian cues, as investor focus remained closely tethered to the volatility in crude prices, he said. “Although the strong August equity fund flow data and the moderation in the SIP stoppage ratio lent support to the markets, sentiment was tempered by the depreciating rupee and firming domestic bond yields,” according to the analyst.

Technical view on Nifty

The Nifty closed higher as the CAS closing came high following a lacklustre session, said Rupak De, Senior Technical Analyst at LKP Securities. He explained that on the daily timeframe, the index has formed a hammer pattern, suggesting a pause in the recent bearish trend.

“On the lower end, immediate support is placed in the 23,380–23,400 zone. On the higher end, resistance is placed at 23,550–23,600. A sustained move above 23,600 could extend the recovery towards 23,800,” the analyst said.

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Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

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O’Charley’s shutters all corporate locations in US after steep sales decline

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O'Charley's shutters all corporate locations in US after steep sales decline

Casual dining chain O’Charley’s Restaurant & Bar is reportedly closing its remaining locations nationwide, according to employees who spoke with local news outlets, bringing the 55-year-old restaurant chain’s run to an apparent end.

Managers at six of the chain’s eight remaining Middle Tennessee locations told Nashville-based WKRN that employees had been informed the restaurants would close Wednesday at 8 p.m.

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O’Charley’s has not publicly announced the closures and did not respond to multiple inquiries from WKRN. The company has also disabled its primary social media accounts, while its website was inaccessible Thursday morning.

119-YEAR-OLD NJ AMUSEMENT PARK TO CLOSE, GO UP FOR SALE

FOX Business reached out to Cannae Holdings Inc., which owns a 65.4% equity interest in O’Charley’s.

The reported shutdown comes as the Nashville-founded chain has struggled with declining customer traffic and sales.

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O'Charley's restaurant

O’Charley’s in Turkey Creek closed Sept.9, 2026. (USA Today Network via Reuters Connect)

Cannae reported that guest counts at the restaurant chain fell 23.8% during the second quarter of 2026 compared with the same period a year earlier.

Comparable store sales fell 13.1% during the quarter and declined 12.8% during the first six months of 2026, according to Cannae’s filings with the Securities and Exchange Commission.

O'Charley's restaurant

El Charro will open a new location at the old O’Charley’s by the Tippecanoe Mall, pictured here March 4, 2025, in Lafayette, Ind. (USA Today Network via Reuters Connect)

Cannae said in its second-quarter update that O’Charley’s continued to face challenges maintaining customer traffic. Management had been working to stabilize the business through menu changes, improvements to guest service and the closure of underperforming restaurants.

The Las Vegas-based investment company also said it was continuing to explore “strategic alternatives” for its restaurant group as part of a broader portfolio transformation strategy.

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O’Charley’s was founded in 1971 by Charles Watkins on 21st Avenue near Vanderbilt University in Nashville.

O'Charley's restaurant

O’Charley’s in Hendersonville, Tenn (USA Today Network via Reuters Connect)

Watkins sold the business in 1984 to David Wachtel, a former Shoney’s executive who expanded O’Charley’s into a regional chain. By 1993, the company had grown to 45 locations.

The brand later expanded to hundreds of restaurants across the Southeast and Midwest before substantially reducing its footprint in recent years.

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O’Charley’s operated 52 locations nationwide earlier this year, according to WKRN.

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Gold Rises, With Middle East and Fed Policy in Focus

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Stocks Little Changed After Fed Decision

Gold prices were rising as escalating attacks in the Middle East pushed oil higher, raising concerns about inflation and interest-rate hikes. In early trading, New York futures were up 0.2% to $4,446.50 a troy ounce.

According to CME Group’s FedWatch tool, traders are now pricing in a 60% chance that the Federal Reserve will raise rates when it meets next week.

“Trade barriers and geopolitical disruption can support bullion as investors seek defensive assets, but if those same developments push energy and goods inflation higher, expectations for tighter monetary policy can lift Treasury yields and increase the opportunity cost of holding nonyielding gold,” said Naeem Aslam from Zaye Capital Markets.

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Drivers warned of A417 closure as part of Missing Link scheme upgrade

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Motorists will be able to use the new permanent layout later this month

Work on the A417

Work on the A417(Image: National Highways)

Drivers are being warned that a major A-road is to be closed in both directions this month as work continues on an upgrade scheme.

The A417 Missing Link project is preparing to carry out a traffic switch that will allow drivers to travel on the new permanent layout of the road between Gloucester and Cirencester.

The road upgrade, which is being delivered by National Highways and contractor Kier, is aiming to improve the connection between the two dual carriageway sections of the A417 at Brockworth and Cowley, and a vital link between the M4 and M5.

To complete the switch, the A417 will be closed in both directions between the A46 Brockworth Junction and the Air Balloon roundabout from 11pm on Friday, September 11, to 6am on Monday, September 14.

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It will also be shutting (overnight only) from Monday, September 14, to Friday, September 18, between 9pm and 6am.

National Highways is expecting the new stretch of layout to open permanently next Friday (September 18) “weather permitting”. It will mean motorists will be able to travel along the length of the A417 between Gloucester and Cirencester without having to negotiate a roundabout.

The latest works are expected to cause delays in the area and some noise, National Highways has warned. But the body for England’s roads said access for emergency services would be maintained and diversion signs would be in place during all closures.

Celine Acard of National Highways said: “Once completed, the upgrade will transform journeys, improving reliability and safety, and bring long-term benefits for local communities, businesses and visitors alike.

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“By switching traffic onto this new section now, it enables users to follow the new A417 from Gloucester to Cheltenham, improving journeys and safety, while minimising disruption and protecting our workforce.

“We appreciate this work may cause some delays when the layout first changes, but we expect journey times to improve on the A417 following the switch.”

What will happen after A417 switch?

The latest switch will see the A417 open to traffic in its permanent layout under traffic management, allowing northbound journeys from Cirencester to continue directly towards Gloucester without exiting at Shab Hill junction.

Traffic travelling from Gloucester will continue up the hill and straight ahead towards Cirencester on the new A417, following the removal of the Air Balloon roundabout.

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The new B4070 leading to Birdlip and the northbound slip road at Cowley junction will open later this year. Access to Birdlip will remain via the existing route through Cowley junction.

This will be a significant change for traffic travelling to Gloucester, from Cheltenham via Leckhampton Hill or from Oxford via Seven Springs and the A436.

There will be no direct route from Cheltenham and Oxford to Gloucester. Traffic will use the new A436 to reach Shab Hill junction, where it can either continue ahead towards Cirencester or use the underpass to access the southbound slip road towards Gloucester.

Single-lane traffic management will remain on the route until further works are completed and additional capacity is added.

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Fully signposted diversion routes will be in place during the closure.

Gavin Jones, Kier project director, added: “We still have lots of work to do on the project, and you will see us working alongside the live carriageway on the new A417, building the remaining lanes, plus we will continue to transform the old A417 into a footpath, bridleway and cycle route.

“We thank the public and stakeholders for their support to get to this important point, and we appreciate everyone’s patience whilst we finish the job.”

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Fortum Stock Prices Jump After Google Signs Finland Nuclear Deal

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Fortum Stock Prices Jump After Google Signs Finland Nuclear Deal

Shares in Fortum FORTUM -2.59%decrease; down pointing triangle jumped after the Nordic energy company signed a deal with Google to power data centers in Finland.

In morning European trade, shares were 8.3% higher at 23.11 euros.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Janus Henderson Growth And Income Managed Account Q2 2026 Commentary

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Janus Henderson Growth And Income Managed Account Q2 2026 Commentary

Janus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com

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Pattern Group Inc. (PTRN) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript