Stock Market LIVE: Sensex, Nifty eye negative start; Asian markets slip in red

9:42 AM

Cartrade Tech down 3% on reports of stake sale by investors

According to reports, CarTrade Tech is set to witness a stake sale on Monday, with Highdell Investment and Macritichie Investments planning to offload 7 per cent and 3.4 per cent respectively via block deals. Priced at Rs 820 per share, the deal size is estimated at Rs 400 crore, with an option to increase by another Rs 100 crore.

9:39 AM

TBO Tek zooms 4% after Goldman Sachs initiates coverage

According to reports, Goldman Sachs has initiated coverage on TBO Tek, an online travel distribution platform, with a buy recommendation. The brokerage has set a target price of Rs 1,970 per share.

9:33 AM

Lupin shares gain on VAI status from USFDA for its Somerset manufacturing facility

9:26 AM

Broader market check

9:23 AM

Nifty Realty, PSU Bank lead sectoral losses

9:22 AM

Sun Pharma, Shriram Finance gain in opening deals on NSE

9:20 AM

Heatmap: IndusInd Bank, Tata Steel down in opening deals

9:18 AM

Opening bell: Nifty 50 below 23,400

9:17 AM

Opening bell: Sensex down over 330 points to 76,877 levels

9:11 AM

Pre-open: Sensex slumps over 320 points

9:10 AM

Pre-open: Nifty 50 drops 118 points at 23,382 levels

9:04 AM

Rupee opens at $83.48

8:56 AM

Market outlook: The consolidation phase in the market is likely to continue, says V K Vijayakumar

— The near-term strength in the market is likely to come from Bank Nifty assisted by institutional buying notably from FIIs who have turned buyers last week

— SEBI investigation in the Quant Mutual Fund is a slight sentiment negative for the market

— The sectoral churn happening in the market might accelerate since profit booking is happening in some overvalued sectors and money is flowing into fairly valued largecaps

— There is a likelihood of the rupee turning stable with a positive upward bias in the near term on expectations of big debt inflows after the inclusion of India in the Global Bond EM Index later this month. This can act as a trigger for more FII inflows into equity, going forward

(Views by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services)

8:50 AM

Sensex may hit the 81,000 mark by 2024-end: Ravi Singh of Religare

Markets are showing strong momentum, with Nifty firmly holding above the 23,300-mark, indicating that bulls are in strong control, says Ravi Singh of Reliagre Broking. READ MORE

Sensex, BSE, stock markets

8:48 AM

Hotel stocks to find suite spot in medium term despite Q1FY25 chill

The top listed hotel companies reported robust revenue performance in the January–March quarter (Q4) of 2023-24 (FY24). Boosted by high single-digit growth in room numbers and a similar increase in revenue per available room (RevPAR), the hotel sector achieved 20 per cent top-line growth for Q4FY24. READ MORE

ITC Sonar Bangla in Kolkata. ITC said that if the conglomerate did not hold equity in the resulting company as proposed, then the hotels business would not be able to use the 'ITC' brand name