Latest Market News Today Live Updates August 20, 2024: Buy or sell: Vaishali Parekh recommends three stocks to buy today

Aug 20, 2024
latest-market-news-today-live-updates-august-20,-2024:-buy-or-sell:-vaishali-parekh-recommends-three-stocks-to-buy-today

46 min read . Updated: 20 Aug 2024, 04:41 PM IST

Livemint

Latest Market News Today Live Updates: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Latest news on August 20, 2024: Pedestrians walk along a road near the India International Exchange (INDIA INX) building in Gujarat International Finance Tec-City (GIFT City), Gujarat, India Photographer: Dhiraj Singh/Bloomberg (Photo: Courtesy Prabhudas Lilladher)Premium
Latest news on August 20, 2024: Pedestrians walk along a road near the India International Exchange (INDIA INX) building in Gujarat International Finance Tec-City (GIFT City), Gujarat, India Photographer: Dhiraj Singh/Bloomberg (Photo: Courtesy Prabhudas Lilladher)

Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

20 Aug 2024, 04:41:44 PM IST

Stock Markets Today Live Updates: GIFT City regulator halts approvals for local family offices to invest abroad over tax concerns: Report

  • GIFT City regulator halts approvals for local family offices to invest abroad over tax concerns: Report

Read the full story here

20 Aug 2024, 04:31:10 PM IST

IPO News Today Live Updates: Ideal Technoplast Industries IPO to open for subscription tomorrow; check GMP, price band, issue size, key dates.

  • Ideal Technoplast Industries IPO opens on August 21 and closes on August 23, with shares priced at 121 each. The IPO aims to raise 16.03 crore, and shares are expected to list on NSE SME on August 28.

Read the full story here

20 Aug 2024, 04:07:57 PM IST

Stock Markets Today Live Updates: 7 cement stocks plunge up to 11% in August so far: Should investors buy the dip?

  • In the current month so far, shares of Shree Cement have fallen by 11%, while those of ACC, Ambuja Cements, and Sagar Cements have dropped by 10.4%, 8%, and 7%, respectively. Other stocks, such as Dalmia Bharat, JK Cement, and Ramco Cements, have tumbled in the range of 2%–5% in August so far.

Read the full story here

20 Aug 2024, 04:03:37 PM IST

Stock Markets Today Live Updates: Top Gainers and Losers today on 20 August, 2024: SBI Life Insurance Company, HDFC Life Insurance Company, Oil & Natural Gas Corporation, Bharti Airtel among most active stocks; Check full list here

  • Top Gainers and Losers Today : The Sensex gained 378.18 points, or 0.47, to settle at 80424.68, while the Nifty gained 126.2 points, or 0.51, to close at 24572.65.

Read the full story here

20 Aug 2024, 03:15:41 PM IST

IPO News Today Live Updates: QVC Exports IPO price band set at ₹86 per share; SME issue to open on August 21

  • QVC Exports IPO price band has been fixed at 86 per share. The company plans to raise 24.07 crore from the fixed price issue which is a combination of fresh issue of 20.5 lakh equity shares worth 17.63 crore and an OFS of 7.49 lakh shares aggregating to 6.44 crore.

Read the full story here

20 Aug 2024, 03:14:21 PM IST

Stock Markets Today Live Updates: Jackson Hole: Will Fed Chair Jerome Powell signal rate cuts? How may it impact the Indian stock market? Experts weigh in

  • Experts anticipate Fed Chair Powell will hint at a 25 bps rate cut in September during the Jackson Hole Economic Symposium, but caution that decisions will remain data-dependent.

Read the full story here

20 Aug 2024, 02:58:38 PM IST

Stock Markets Today Live Updates: Multibagger small-cap stock Hazoor Multi Projects jumps 5% after receiving MSIDC order worth ₹273 crore

  • Multibagger stock: The small-cap company has been declared lowest bidder for the 273.74 crore project at the MSIDC

Read the full story here

20 Aug 2024, 02:47:27 PM IST

Cryptocurrency Today Live Updates: Bitcoin struggles to rebound, update on WazirX cyberattack, market losses update, and more…

  • Bitcoin fell 9% in August, facing challenges from potential US government sales while global stocks and bonds gained. Analysts expect the price drop to be temporary.

Read the full story here

20 Aug 2024, 02:42:59 PM IST

Stock Markets Today Live Updates: Ashish Kacholia portfolio: Deven Choksey sees 50% upside in this chemical stock

  • Ashish Kacholia portfolio: Fineotex Chemical share price is consolidating with support at 330-320 and resistance at 410. Deven Choksey Research predicts a 50.7% potential increase, advising investment. Q1FY25 revenue grew 7.3% to 141.9 crore, with net profit up 11.7% to 29.2 crore.

Read the full story here

20 Aug 2024, 02:38:28 PM IST

Mark To Market Today Live Updates: Why Balkrishna Industries is on a slippery slope

  • For FY25, Balkrishna’s management has guided for marginal volume growth due to subdued demand in both industrial and agricultural tyre segments.

Read the full story here

20 Aug 2024, 02:22:48 PM IST

Stock Markets Today Live Updates: ICICI Direct’s Top Momentum Picks: NBCC, HPCL; sees 8% upside in 30 days

  • ICICI Direct has identified 2 stocks – NBCC and Hindustan Petroleum Corporation Ltd as its top momentum picks. The brokerage sees a potential upside of 8 percent on these stocks from the new target prices with a duration of 30 days.

Read the full story here

20 Aug 2024, 02:20:50 PM IST

Stock Markets Today Live Updates: This midcap IT stock is down 15% this year so far; ICICI Direct sees a 25% upside potential; here’s why

  • Sonata Software has faced pressure this year, losing 15 per cent year-to-date (YTD), but ICICI Direct maintains a buy call with a target price of 770, citing strong long-term growth driven by AI and large deals.

Read the full story here

20 Aug 2024, 02:14:47 PM IST

Stock Markets Today Live Updates: Nifty 50 September rejig: Bharat Electronics, Trent likely to replace LTIMindtree, Divi’s Labs in 50-stock index

  • Nifty September Rejig: The potential inclusion will be dependent upon the approval of futures and options (F&O) inclusion for Zomato and Jio Financial Services (JFS) by the SEBI before the announcement by NSE indices in August.

Read the full story here

20 Aug 2024, 01:58:58 PM IST

Stock Markets Today Live Updates: Orient Technologies IPO: 10 key points to know before you subscribe to the issue

  • The price band for the offer has been fixed at 195–206 per equity share, with a face value of 10 each. The net offer will be reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

Read the full story here

20 Aug 2024, 01:53:45 PM IST

Stock Markets Today Live Updates: KEI Industries and Polycab India stocks surge upto 9% on bullish UBS report; here’s what it says

  • KEI Industries and Polycab India stocks surged following UBS’s bullish report, which initiated a ‘buy’ recommendation due to India’s electrification drive. UBS set a price target of 6,150 for KEI and 8,550 for Polycab, predicting robust growth for the cables and wires sector.

Read the full story here

20 Aug 2024, 01:48:00 PM IST

Stock Markets Today Live Updates: Saraswati Saree Depot share pirce hits upper circuit after listing at strong premium. Buy, sell or hold?

  • Saraswati Saree Depot share price opened at over 25% premium on the Indian exchanges

Read the full story here

20 Aug 2024, 01:25:42 PM IST

IPO News Today Live Updates: Rekha Jhunjhunwala-backed Baazar Style Retail IPO to hit D-Street next week

  • Baazar Style Retail IPO is set for late August or early September. The IPO features 185 crore in new equity and an OFS of 1.68 crore shares. Fiscal 2023 saw a profit of 5.10 crore, up from a loss the previous year.

Read the full story here

20 Aug 2024, 01:19:58 PM IST

Stock Markets Today Live Updates: Mutual funds, retail shareholding in Indian stock market at record high; FII stake slips to 12 year-low

  • The share of retail investors reached an all-time high of 7.64% as on June 30 from 7.52% on March 31, while the share of HNI investors decreased slightly to 1.98% from 2.00%, QoQ. As such, the combined retail and HNI share increased to 9.62% from 9.52%, the data showed.

Read the full story here

20 Aug 2024, 01:11:17 PM IST

Mark To Market Today Live Updates: Metro Brands is losing its mojo, but its stock remains richly valued

  • The stock is trading at a lofty 87 times FY25 earnings, which shows investors have high expectations. These aren’t in sync with reality, though.

Read the full story here

20 Aug 2024, 01:09:38 PM IST

Stock Market News Today Live Updates: Paras Defence stock hit the upper circuit in the past two days, but analysts are not so optimistic

  • Analysts said the company’s valuation has already outpaced its fundamentals and it is only a matter of time before investors realise this.

Read the full story here

20 Aug 2024, 01:01:46 PM IST

Stock Markets Today Live Updates: Axis Securities reveals top 5 bank and NBFC stocks after Q4 results: ICICI, SBI, Nippon Life & more

  • Axis Securities identified ICICI Bank, SBI, and Federal Bank as top picks in banking, and CIFC and Nippon Life in NBFCs, due to healthy growth and margin stability despite Q1FY25 challenges.

Read the full story here

20 Aug 2024, 12:49:37 PM IST

Stock Markets Today Live Updates: Trent stock rises 19% in 6 sessions post Q1 earnings; will ₹7,000 be the next stop?

  • Trent’s stock rose 19% after strong June quarter results, reaching 6,750 per share. Analysts raised target prices, and Trent is joining the Nifty50 index in 2024. The company’s aggressive expansion and improved earnings are seen as key growth drivers.

Read the full story here

20 Aug 2024, 12:06:03 PM IST

Stock Markets Today Live Updates: Patanjali Foods share price surges over 25% in three months; ‘deploy buy on dips’ suggests analyst

  • Patanjali Foods share price have surged over 25% in three months, with Systematix Institutional Equities giving a ‘BUY’ rating and a target price of 2,259. The brokerage expects revenue to exceed 40,000 crore by FY27, with the FMCG business contributing significantly.

Read the full story here

20 Aug 2024, 12:03:45 PM IST

Stock Markets Today Live Updates: Mazagon Dock shares in focus after ICICI Sec’s 77% downside call; Deepak Shenoy asks “What do you do when…”

  • Deepak Shenoy, CEO of Capitalmind, highlighted the brokerage’s track record, pointing out that ICICI Securities had released four reports over the past year, each predicting a 60%-77% downside for Mazagon Dock Shipbuilders shares.

Read the full story here

20 Aug 2024, 11:53:59 AM IST

Stock Market News Today Live Updates: Secondary market explosion: startups and investors reap rewards

  • Rising private market valuations and capital gains tax cuts are driving a surge in secondary transactions for startups. Investment bankers report significant pre-IPO stake sales, with new secondary-only funds forming to exploit market opportunities.

Read the full story here

20 Aug 2024, 11:40:40 AM IST

Stock Markets Today Live Updates: These proxy small cap stocks could help you ride the electronics wave

  • With the stocks of electronics makers such as Voltas and Blue Star priced to perfection, investing in the companies that supply materials to them could be the wiser choice.

Read the full story here

20 Aug 2024, 11:28:11 AM IST

Stock Markets Today Live Updates: Hi-Tech Pipes stock extends bull run for 9th straight day, gains 5.5% on ₹105 crore order win

  • Hi-Tech Pipes’ shares hit a record high of 192.8 following a 105 crore order for ERW steel pipes. The company plans to raise up to 600 crore via various securities and reported significant revenue and profit growth in Q1 FY25.

Read the full story here

20 Aug 2024, 11:19:03 AM IST

Commodity News Today Live Updates: MCX gold rate today ₹3000 away from life-time high. Should you buy amid US Fed rate cut buzz?

  • Gold rate today: Experts believe more upside in gold price today as US Fed rate cut buzz is gaininig momentum ahead of the release of US Fed minutes

Read the full story here

20 Aug 2024, 11:15:19 AM IST

Stock Markets Today Live Updates: Zomato share price drops around 1% after Alibaba arm Antfin’s stake sale worth ₹5,438.50 crore

  • Antfin Singapore Holding, a subsidiary of Alibaba Group, reportedly sold a 2.4% stake in Zomato, worth 5,438.50 crore, in a block deal. The sale comes after Zomato’s strong quarterly performance, which has driven up its stock price significantly.

Read the full story here

20 Aug 2024, 11:00:07 AM IST

Stock Market News Today Live Updates: Drs Dilip Roadlines, Jet Airways (India) & others hit 52 week low today ;Check the full list here?

  • Following shares hit their 52 week low today – Drs Dilip Roadlines, Jet Airways (India), Arman Financial Services, GSS Infotech, A&M Jumbo Bags

Read the full story here

20 Aug 2024, 11:00:05 AM IST

Stock Market News Today Live Updates: ICICI Lombard General Insurance Company, Tata Consultancy Services & others hit 52 week high today ; Do you own any?

  • Following shares hit their 52 week high today – ICICI Lombard General Insurance Company, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical Industries, Colgate Palmolive India

Read the full story here

20 Aug 2024, 10:34:17 AM IST

Stock Markets Today Live Updates: Garden Reach Shipbuilder share price falls 8.5% in three days. Will it rebound?

  • Garden Reach Shipbuilders share price is down more than 25% in the past one month and it has fallen over 35% from its 52-week high of 2,834.60 apiece hit on July 05. Analysts are bearish on the multibagger PSU stock and expect a major downside.

Read the full story here

20 Aug 2024, 10:15:40 AM IST

Commodity News Today Live Updates: Gold and silver prices today on 20-08-2024: Check latest rates in your city

  • Gold And Silver Prices Today: 10 gm of 24 carat gold was at Rs.73455.0 in Delhi whereas 1 kg of silver was Rs.83460.0 in Delhi.

Read the full story here

20 Aug 2024, 10:13:55 AM IST

Stock Markets Today Live Updates: Allcargo Logistics share price surges 12% on business update boost

  • Allcargo Logistics share price witnessed a sharp jump of about 12 per cent in morning trade on BSE on Tuesday, August 20, buoyed by its healthy monthly operational update.

Read the full story here

20 Aug 2024, 10:06:21 AM IST

IPO News Today Live Updates: Positron Energy share price makes a bumper debut, stock opens with 90% premium at ₹475 apiece on NSE SME

  • Positron Energy share price opened at 475 on NSE SME, marking a 90% increase from its issue price of 250.

Read the full story here

20 Aug 2024, 10:05:11 AM IST

Stock Markets Today Live Updates: Unicommerce eSolutions stock climbs another 16% to new peak, up 144% from its IPO price

  • With today’s intraday high, the stock is now trading 144.5% above its IPO price. Following this stock’s bumper listing, analysts have maintained a positive outlook on the stock.

Read the full story here

20 Aug 2024, 10:03:57 AM IST

Stock Markets Today Live Updates: Stocks in focus: Ruchit Jain of 5paisa recommends buying Hindalco Industries, and Shriram Finance today

  • Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today – Hindalco Industries Ltd, and Shriram Finance Ltd.

Read the full story here

20 Aug 2024, 10:02:08 AM IST

IPO News Today Live Updates: Sunlite Recycling Industries shares list with 90% premium at ₹199.50 apiece on NSE SME

  • Sunlite Recycling Industries shares made a stellar stock market debut as the stock was listed at 199.50 apiece on NSE SME, a premium of 90% to the issue price of 105 per share.

Read the full story here

20 Aug 2024, 10:02:05 AM IST

Stock Markets Today Live Updates: Nucleus Software board to consider share buyback August 22; stock jumps 17.3%

  • Nucleus Software shares surged over 17% after announcing a board meeting to approve a share buyback, the third in recent years. The stock has rallied 43% from its 52-week low.

Read the full story here

20 Aug 2024, 10:00:37 AM IST

IPO News Today Live Updates: Saraswati Saree Depot share price makes a strong debut, stock opens with 21.25% premium at ₹194 apiece on NSE

  • Saraswati Saree Depot share price opened strong on NSE at 194 and BSE at 200, exceeding the issue price of 160. Saraswati Saree IPO includes a sale of 35 lakh shares and a new issue of 65 lakh shares, aiming to raise 160 crore for working capital and corporate objectives.

Read the full story here

20 Aug 2024, 09:53:45 AM IST

IPO News Today Live Updates: Indian Phosphate IPO price band set at ₹94 – 99 per share; SME IPO to open on August 26

  • Indian Phosphate IPO opens August 26 with a price band of 94-99 per share to raise 67.36 crore. It closes August 29, with listing on NSE SME on September 3.

Read the full story here

20 Aug 2024, 09:40:14 AM IST

Stock Markets Today Live Updates: Stock market today: Trade setup for Nifty 50 to US Fed minutes, give stocks to buy or sell on Tuesday — August 20

  • Stocks to buy today: Experts see range-bound movement till the US Fed minutes become public

Read the full story here

20 Aug 2024, 09:00:13 AM IST

Stock Markets Today Live Updates: India set to dominate emerging markets? These 5 charts hold a clue.

  • India’s Sensex, Taiwan’s TAIEX, Brazil’s BOVESPA, and South Korea’s KOSPI are showing strong bullish trends, suggesting that these markets could drive future growth in the MSCI Emerging Markets index, potentially surpassing China’s dominance.

Read the full story here

20 Aug 2024, 08:29:16 AM IST

Stock Markets Today Live Updates: Breakout stocks to buy: Matrimony to Morepen Lab — Sumeet Bagadia recommends five shares to buy today

  • Breakout stocks to buy: Sumet Bagadia has recommended five shares to buy today —Matrimony, Caplin Point, Morepen Laboratories, Pocl Enterprises, and Oriental Aromatics

Read the full story here

20 Aug 2024, 08:22:33 AM IST

Stock Markets Today Live Updates: Stocks to Watch: Zomato, Bajaj Auto, ABFRL, TCNS Clothing, IndusInd Bank, Hindustan Copper, Torrent Power

  • Here’s a quick look at stocks likely to be in focus in today’s trade.

Read the full story here

20 Aug 2024, 07:23:54 AM IST

Stock Markets Today Live Updates: Nifty 50, Sensex today: What to expect from Indian stock market in trade on August 20

  • The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,655 level, a premium of nearly 65 points from the Nifty futures’ previous close.

Read the full story here

20 Aug 2024, 07:19:01 AM IST

IPO News Today Live Updates: Saraswati Saree Depot IPO listing date today. GMP, experts see up to 30% listing gain for share allottees

  • Saraswati Saree Depot IPO listing date has been fixed on 20th August 2024, which means Saraswati Saree Depot shares will become available for trade from 10:00 AM during Tuesday dealings

Read the full story here

20 Aug 2024, 07:09:16 AM IST

Stock Markets Today Live Updates: Indian stock market: 8 key things that changed for market overnight – Gift Nifty, China lending rates to US stocks rally

  • Indian stock market: Gift Nifty was trading around 24,655 level, a premium of nearly 65 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

Read the full story here

20 Aug 2024, 06:15:21 AM IST

Stock Markets Today Live Updates: Stock market today: Birlasoft, PNB, SAIL among 19 stocks in F&O ban list on August 20

  • Aarti Industries, Aditya Birla Fashion, Balrampur Chini Mills, Bandhan Bank, Birlasoft, Chambal Fertilisers, GNFC, Granules India, Hindustan Copper, India Cements, IndiaMart, LIC Housing Finance, Manappuram Finance, NMDC and Sun TV are among the 19 stocks on F&O ban list on Aug 20

Read the full story here

20 Aug 2024, 06:10:35 AM IST

Stock Markets Today Live Updates: Buy or sell: Vaishali Parekh recommends three stocks to buy today — August 20

  • Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today – National Aluminium Corp. Ltd., Bharat Petroleum Corp. Ltd. (BPCL), and Gas Authority of India Ltd. (GAIL).

Read the full story here

Leave a comment