16 Oct 2024 | 10:51:24 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Market benchmark indices Sensex and Nifty declined in early trade on Wednesday amid unabated foreign fund outflows and tracking a weak trend in global markets.
Highlights of trade:
- BEML zooms 8% on winning contract to make 1st bullet train on India
- Cochin Shipyard shares fall 5% as two-day OFS begins
- Sensex opens 200 pts lower, Nifty below 25K
Market view by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The main force behind the ongoing global rally in stocks has been the steadily climbing US market. The fact that S&P 500 made 46 new highs this year indicates the strength of this bull market led by the US. The rally has the fundamental support of a strong US economy and decent corporate earnings growth.
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Stock Market LIVE Updates | KEI Industries Q2 Results; stock falls 8%
- The consolidated net profit for the September quarter is Rs 155 cr.
- Consolidated revenue from operations for the September quarter stands at Rs 2280 cr.
- The company is raising funds of up to Rs 2,000 cr through a qualified institutions placement.
Price as on 10.51.23 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Shyam Metalics commences operations of Coke oven plant at Jamuria, West Bengal
Price as on 10.45.50 AM, Click on company names for their live prices.
India bond yields dip tracking lower oil prices, US peers
Indian government bond yields dipped in early trading on Wednesday, as market participants tracked the decline in oil prices and U.S. yields.
The benchmark 10-year bond yield was at 6.xx% as of 10:00 a.m. IST, compared with its previous close of 6.7684%.
Stock Market LIVE Updates | TV18 shares surge 6% on RIL plans to close merger with Disney India in Q3
Price as on 10.33.29 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sectoral Snapshot
- Bank, financial, metal sectors rise
- Media, realty, auto indexes trade in red
- Media index falls over 1%
Sensex Today | Mach Conferences shares jump 6% on securing Rs 21 crore order for organizing an international MICE program in Switzerland.
Price as on 10.21.46 AM, Click on company names for their live prices.
Stock Market LIVE Updates | PNC Infratech shares rose 4% as co receives Rs 4,630 projects from Maharashtra govt
Price as on 10.16.38 AM, Click on company names for their live prices.
Stock Market LIVE Updates | L&T wins significant order for Agra Metro Network
The company received contract from Uttar Pradesh Metro Rail Corporation Ltd (UPMRCL) for the design and construction of Agra Metro Phase 1, Line-2. The contract is worth Rs 1,000-2,500 cr.
Price as on 10.08.28 AM, Click on company names for their live prices.
Stock Market LIVE Updates | BEML shares zoom 8% on winning contract to make India’s 1st bullet train
Shares of state-owned BEML surged 8% in early trading on Wednesday, reaching a high of ₹4,009.25 on the BSE, following the announcement that the company secured a contract worth ₹866.87 crore from the Integral Coach Factory (ICF) for the development of India’s first high-speed train.
Price as on 09.59.39 AM, Click on company names for their live prices.
Market LIVE Updates | Power Grid Corporation: Utility firm acquired three special purpose vehicles – South Olpad, Jam Khambhaliya and Rajasthan IV H1.
Price as on 09.53.28 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Sensex erases early losses, trades in green
Sensex Today | Central Bank of India: Competition Commission of India approved lender’s 25.18% stake buy in Future Generali India Life Insurance.
Price as on 09.38.01 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Cochin Shipyard shares fall 5% as two-day OFS begins
Shares of defense PSU Cochin Shipyard dropped about 5% to a day’s low of ₹1,590 on the BSE following the start of a two-day offer for sale (OFS) in which the government plans to sell up to 5% of its stake.
The floor price for the OFS is set at ₹1,540 per share, representing an 8% discount to Tuesday’s closing price of ₹1,673.
Price as on 09.32.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Godrej Properties emerges as highest bidder for 3 plots In Mumbai
The combined revenue potential of the land parcels is estimated to be ₹35 billion.
Price as on 09.27.13 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Strides Pharma shares rise after Onesource gets equity commitments of Rs 801 crore
Commitments from marquee investors have been secured at a pre-money equity valuation of $1.65 billion.
Price as on 09.24.10 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Adani Enterprises raises Rs 4,200 crore via share sale
Price as on 09.22.11 AM, Click on company names for their live prices.
Forex News | Rupee falls in early trade
Rupee falls 2 paise to 84.06 against US dollar.
Stock Market LIVE Updates | IOC, HPCL among top movers in morning trade
Price as on 09.20.30 AM, Click on company names for their live prices.
Sensex Today | Opening Bell: Sensex falls 200 pts, Nifty tests 25K; Infy, TCS top drags
Sensex Today | Stock Market LIVE Updates: Sensex falls 173 points, Nifty holds 25,000 in pre-open session
Sensex Today | Stock Market LIVE Updates: Lakshya Powertech IPO: Check issue size, GMP, price band and other details
The SME IPO of Lakshya Powertech opens for subscription today and will close on October 16. The company plans to raise ₹50 crore through this IPO and intends to list its shares on the NSE SME platform.
Sensex Today | Stock Market LIVE Updates: F&O Radar| Deploy Bear Put Spread in Nifty to gain from bearish stance amid market volatility
The Nifty Index opened on a positive note in Tuesday’s session but was unable to maintain its early gains, dropping sharply. After a significant selloff in the first hour, it continued to decline, finding some support near the 25,000 level.
Sensex Today | Stock Market LIVE Updates: Stock to Watch: BEML shares in spotlight after winning contract to make India’s 1st bullet rail
BEML shares are likely to attract attention after the company won an ₹866.87 crore contract from the Integral Coach Factory (ICF) for the development of India’s first high-speed train.
Sensex Today | Stock Market LIVE Updates: Sebi hikes position limits for index F&O
SEBI has increased the position limits, which are restrictions on maximum holdings, for trading members in the equity derivatives segment
Sensex Today | Stock Market LIVE Updates: RIL’s O2C biz faces geopolitics bump, for retail it’s all in store
Reliance Industries (RIL) shares fell 2% on Tuesday compared to the previous day’s close, following weaker-than-expected second-quarter financial results and concerns about increasing net debt on its balance sheet.
Sensex Today | Stock Market LIVE Updates: FPIs raise holdings in 50 SMID Cap stocks
Foreign investors have increased their holdings in nearly 50 mid- and small-cap stocks during the September quarter. Companies that attracted foreign investments include Techno Electric, Honasa Consumer, Heritage Foods, Genus Power Infra, Sansera Engineering, Electronics Mart India, Kalyan Jewellers, Kamdhenu, and Arvind Fashions.
Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with HDFC AMC, HCL Tech and Sterling and Wilson?
Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets.
Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday.
Sensex Today | Stock Market LIVE Updates: Hyundai Motor IPO’s off to a slow start
Hyundai Motor India’s ₹27,870 crore initial public offering (IPO), the largest in India’s history, saw a subscription rate of 0.18 times on its opening day, Tuesday.
Sensex Today | Stock Market LIVE Updates: Hot Stocks: 3 stocks that may give returns between 20-43%
Brokerages have initiated coverage on these stocks with buy ratings, forecasting potential returns of 20% to 43% based on their analysts’ price targets.
Sensex Today | Stock Market LIVE Updates: Stock to Watch: Cochin Shipyard shares in focus as Govt to sell up to 5% stake via OFS
Cochin Shipyard shares are expected to be in focus on Wednesday as the government plans to sell up to a 5% stake in the company through an offer for sale (OFS). The issue, with a floor price of ₹1,540 per share, opens today for a two-day period.
Sensex Today | Stock Market LIVE Updates: D-Street’s record 11-month stock rally is at risk as profits cool
India’s stock market has surged in recent months, with strong earnings overshadowing concerns about high valuations. However, this momentum is now under threat as companies are expected to report slower profit growth.
Sensex Today | Stock Market LIVE Updates: Stock to Watch: Bajaj Auto shares in focus ahead of Q2FY25 earnings. Here’s what to expect
Bajaj Auto shares are likely to stay in the spotlight ahead of the company’s Q2FY25 earnings, which are set to be announced later today.
Sensex Today | Stock Market LIVE Updates: Q2 results today: Bajaj Auto among 19 companies to announce earnings on Wednesday
The second-quarter earnings season has begun, with 19 companies set to announce their results today. Notable among them are Bajaj Auto and LTTS, whose reports are worth keeping an eye on.
Stock Market LIVE Updates | GIFT Nifty signals a negative start
GIFT Nifty on the NSE IX traded higher by 70 points, or 0.28 per cent, at 25,042, signaling that Dalal Street was headed for negative start on Wednesday.
Stock Market LIVE Updates | Stocks in news: Bajaj Auto, Cochin Shipyard, LTTS, Central Bank of India, Rallis India
Domestic markets experienced volatility and closed slightly lower, continuing their current corrective phase. In today’s trading, shares of Bajaj Auto, Cochin Shipyard, LTTS, Central Bank of India, and Rallis India, among others, will be in focus due to various news developments and second-quarter results.
Stock Market LIVE Updates | Wall St ends lower on tech weakness, oil extends slide
U.S. stocks ended lower on Tuesday, mirroring a decline in global markets, as a disappointing sales forecast from chipmaker ASML pressured tech shares. Meanwhile, crude oil continued its downward trend due to easing supply concerns and weakening demand.
All three major U.S. indexes closed in the red, with the S&P 500 and Dow retreating from the record highs reached on Monday.
Stock Market LIVE Updates | Oil steadies after sharp falls as Middle East uncertainty persists
Oil prices increased in early Asian trading on Wednesday amid ongoing uncertainty surrounding the conflict in the Middle East. This comes after prices had fallen by as much as $5 earlier this week, reaching their lowest levels since early October due to demand concerns.
Brent crude futures climbed by 24 cents, or 0.3%, to $74.49 a barrel by 0054 GMT, while U.S. West Texas Intermediate crude futures decreased by 27 cents, or 0.4%, to $70.85 per barrel.
Stock Market LIVE Updates | D-Street Recap
India’s benchmark equity indices, the Sensex and Nifty50, surrendered their early gains and finished lower on Tuesday. The decline was driven by major stocks like Reliance Industries, along with weakness in the financial and IT sectors.
Additionally, a higher-than-expected inflation report for September dampened expectations for a domestic interest rate cut this year, further affecting investor sentiment.
The BSE Sensex dropped 153 points, or 0.19%, closing at 81,820, while the NSE Nifty fell 70 points, or 0.28%, to finish at 25,057.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0886
- The Japanese yen was little changed at 149.24 per dollar
- The offshore yuan was little changed at 7.1347 per dollar
- The Australian dollar fell 0.3% to $0.6681
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were unchanged as of 10:12 a.m. Tokyo time
- Hang Seng futures fell 1.3%
- Nikkei 225 futures (OSE) fell 1.7%
- Japan’s Topix fell 0.7%
- Australia’s S&P/ASX 200 fell 0.3%
- Euro Stoxx 50 futures fell 0.6%
