Sensex Today | Stock Market LIVE Updates: GIFT Nifty rises 50 pts; Asian shares trade higher

24 Sep 2024 | 11:43:51 AM IST

Synopsis

Sensex Today | Stock Market LIVE Updates | Indian benchmark indices, Sensex and Nifty, reached new record highs for the fourth straight session on Tuesday, continuing their upward momentum following the significant rate cut by the Federal Reserve last week.

Highlights of Trade:

Western Carriers shares list at 1% discount
Northern Arc Capital shares list at 34% premium
Arkade Developers stock debuts with 37% premium
Reliance Power up 5% on preferential issue approval
Sensex crosses 85,00 level for the first time
Nifty hits fresh record high

Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Two trends deserve attention. The serious global geopolitical concern continues to be the Middle East where things are getting worse. Israeli strikes on Lebanon have killed hundreds of people triggering concerns. Crude has inched up. Gold and the volatility index are moving up reflecting anxiety. However, the market remains resilient and the undertone continues to be bullish. Investors have to take a call based on these two trends.

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Stock Market LIVE Updates | Nifty Metal rises 2%; SAIL, Tata Steel among top gainers from the pack

Price as on 11.43.50 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Adani Total Gas in Focus

The company on Monday announced that it has secured $375 million in global financing, marking the largest amount ever raised in the city gas distribution sector.

Price as on 11.37.26 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Expert Kunal Bothra gives ‘buy’ rating on DLF & Escorts

DLF: Buy | Target: Rs 950 | Stop Loss: Rs 888
Escorts: Buy | Target: Rs 4,450 | Stop Loss: Rs 4,125

(Expert: Kunal Bothra, Market Expert told ETNow)

Sensex Today | Thangamayil Jewellery’s Board to meet on September 26 to discuss raising funds through the issuance of equity shares, bonds, or debentures.

Price as on 11.24.14 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Apollo Sindoori Hotels locks in 20% upper circuit on strong yearly financial numbers

Price as on 11.22.52 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Sterling and Wilson Renewable Energy gets order worth Rs 512 crore

Price as on 11.21.38 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Larsen and Toubro shares rise 1% on bagging mega order

Larsen & Toubro (L&T) has secured orders worth between Rs 10,000-15,000 cr to construct grid systems in the Middle East.

Price as on 11.13.32 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Brokerage Take: Morgan Stanley on ONGC

Morgan Stanley has maintained an “Overweight” rating on ONGC, setting a target price of Rs 430.

The firm sees potential for reserve growth in Azerbaijan, with the consortium planning to monetize 4 TCF of non-associated gross natural gas reserves. While international operations have previously hindered ONGC’s returns, Morgan Stanley is now observing positive trends in both production and reserve accretion.

Stock Market LIVE Updates | Fresh SME D-Street Debuts

Pelatro

NSE – Rs 275 (Up – Rs 75 or 37.5%)

Osel Devices

NSE – Rs 198 (Up – Rs 35 or 23.8%)

Deccan Transcon

NSE – 116 (Up – Rs 8 or 7.4%)

Envirotech Systems

NSE – Rs 106.4 (Up – Rs 50.4 or 90%)

Popular Foundations

BSE – Rs 37 (Unchanged)

Stock Market LIVE Updates | Coal India enters in JV with Rajasthan Rajya Vidyut Utpadan Nigam

The company has entered into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to establish a 2×800 MW Brownfield Thermal Power Project.

Price as on 10.58.18 AM, Click on company names for their live prices.

Sensex Today | Vijay Kedia picks Rs 40 crore stake in VIP Industries, stock up 6%

Kedia Securities, owned by ace investor Vijay Kedia, acquired a stake valued at Rs 39.59 crore in luggage manufacturer VIP Industries on Monday. As a result, the company’s shares jumped 6% to reach a day’s high of Rs 589.95 on the BSE.

Kedia purchased 7.25 lakh shares at a price of Rs 545.97 each, according to data from the NSE platform.

Price as on 10.50.42 AM, Click on company names for their live prices.

Sensex Today | Ceinsys Tech makes preferential allotment of equity shares and share warrants to raise Rs 235 crore for inorganic expansion

Price as on 10.48.14 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Brokerage Take: Emkay on Paytm

Emkay has upgraded Paytm from “Reduce” to “Add” and increased the target price from Rs 375 to Rs 750.

The easing of regulatory pressures and the optimization of operating expenses are expected to help restore profitability. Management anticipates a gradual rebound in the loan distribution business, while the broking and insurance distribution segments are gaining momentum and have already become profitable.

Stock Market LIVE Updates | AstraZeneca Pharma India shares soar 11%

The company has obtained approval from the Central Drugs Standard Control Organisation to import and distribute the cancer drug Durvalumab solution for infusion (Imfinzi).

Sensex Today | Stock Market LIVE Updates: GMR Power and Urban Infra shares rally 5% on Emkay’s call

On Tuesday, GMR Power & Urban Infra shares reached the 5% upper circuit limit at ₹155.95 on the BSE after Emkay Global initiated coverage on the stock with a target price of ₹180.

Stock Market LIVE Updates | Samvardhana Motherson in Focus

Auto components manufacturer Samvardhana Motherson International announced on Monday that it has raised Rs 6,438 crore through a securities issue. The Qualified Institutional Placement (QIP) attracted significant interest from both domestic and foreign institutional investors, resulting in strong demand exceeding the issue size, according to a regulatory filing.

Price as on 10.28.06 AM, Click on company names for their live prices.

Sensex Today | IPO investing using grey market numbers is like forming government after exit poll: Nilesh Shah

Regardless of your confidence in the accuracy of the numbers, the grey market premium (GMP) has undeniably become an unofficial benchmark for IPO investors in India. Kotak Mahindra Mutual Fund MD Nilesh Shah compares relying on GMP figures for IPO investments to trying to form a government based solely on exit poll results.

Stock Market LIVE Updates | Supreme Power Equipment shares jump 5% on receiving orders worth Rs 26 crore

Price as on 10.22.06 AM, Click on company names for their live prices.

Sensex Today | SpiceJet finalises settlement with Engine Lease Finance Corporation to resolve $16.7 million liabilities; stock up 2%

Price as on 10.17.17 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Western Carriers shares list at 1% discount over IPO price

Western Carriers’ shares began trading on Tuesday at a discount of 1.16%. The stock was listed at Rs 170 on the BSE, down from the issue price of Rs 172. On the NSE, it opened at Rs 171, a decrease of Rs 1 or 0.6%.

The IPO saw strong demand, with subscriptions nearly 31 times, largely fueled by significant interest from non-institutional investors.

Stock Market LIVE Updates | Arkade Developers stock debuts with 37% premium over issue price

Arkade Developers’ shares debuted on the exchanges on Tuesday with a premium of 37.4%. The stock was listed at Rs 175.9 on the BSE and Rs 175 on the NSE, compared to the issue price of Rs 128.

Stock Market LIVE Updates | Hindalco, Tata Steel rise on China stimulus

China unveiled a slew of measures aimed at kickstarting the struggling economy.

Price as on 10.12.30 AM, Click on company names for their live prices.

Sensex Today | G R Infraprojects shares gain 3% on winning Rs 904 cr metro project

Price as on 10.05.34 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Northern Arc Capital shares list at 33.5% premium over IPO price

Northern Arc Capital’s shares debuted on the exchanges on Tuesday with a premium of 33.5%. The stock opened at ₹351 on the BSE and ₹350 on the NSE, compared to the issue price of ₹263.

Sensex@record high: HDFC Bank, Bharti Airtel lead contributors

Stock Market LIVE Updates | Sensex scales 85,000 level for the first time

Stock Market LIVE Updates | Nifty hits record high, crosses earlier level of 25,956

Forex News: Rupee falls in early trade

Rupee falls 3 paise to 83.57 against US dollar.

Stock Market LIVE Updates | Tata Power shares jump 2% on getting 20-year patent

Tata Power Delhi Distribution Ltd announced that it has been granted a 20-year patent for its self-regenerating transformer breather.

Price as on 09.43.26 AM, Click on company names for their live prices.

Sensex Today | Market View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

However, the market remains resilient and the undertone continues to be bullish. Investors have to take a call based on these two trends.

The preference for quality and fair value is getting stronger in India as reflected in the continuous rise in Bank Nifty for the eighth straight session. The return of FIIs into the market in September will aid recovery in frontline banking stocks.

Stock Market LIVE Updates | Punjab National Bank shares drop over 1% on QIP approval

The Board of PNB authorised the opening of the qualified institutional placement and fixed a floor price of Rs 109.

Price as on 09.37.17 AM, Click on company names for their live prices.

Stock Market LIVE Updates | IT stocks dops; Infosys, Wipro among top laggards

Price as on 09.33.22 AM, Click on company names for their live prices.

Sensex Today | Power Grid was announced as the winning bidder to set up an inter-state transmission system

Price as on 09.29.54 AM, Click on company names for their live prices.

Sensex Today | Block Deal: CarTrade Tech’s 10.5% equity change hands; stock down 4%

Price as on 09.27.05 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Reliance Home Finance shares jump 5%

The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 1 crore on Jai Anmol Ambani, son of industrialist Anil Ambani, due to alleged irregularities involving Reliance Home Finance.

Price as on 09.25.02 AM, Click on company names for their live prices.

Stock Market LIVE Updates | Reliance Power In Focus; shares hit 5% upper circuit

The company’s board has approved the issuance of up to 46.20 crore equity shares and warrants, valued at Rs 1,525 crore, through a preferential allotment.

Price as on 09.23.07 AM, Click on company names for their live prices.

Stock Market LIVE Updates | PNB, Vedanta among top movers in morning trade

Price as on 09.20.04 AM, Click on company names for their live prices.

Opening Bell: Sensex drops 150 pts, Nifty below 25,950; bank, IT stocks slip

Sensex Today | Stock Market LIVE Updates: Sensex falls 64 points, Nifty below 25,950 in pre-open session

Sensex Today | Stock Market LIVE Updates: China’s central bank cuts bank reserve rates, pledges other moves to help the economy

On Tuesday, the Chinese central bank unveiled a series of measures designed to stimulate the struggling economy, primarily by addressing challenges in the property sector.

Sensex Today | Stock Market LIVE Updates: Positive Breakout: ACC among 4 stocks crossed their 200 DMAs

In the Nifty 200 index, the closing prices of four stocks exceeded their 200-day moving averages (DMA) on September 23.

Sensex Today | Stock Market LIVE Updates: Bajaj Holdings among 3 stocks to trade ex-dividend tomorrow. Do you own any?

Bajaj Holdings and Investment, along with two other companies, are expected to be in the spotlight today, as they have set September 25 as the record date for identifying eligible shareholders.

Sensex Today | Stock Market LIVE Updates: Big movers on D-Street: What should investors do with ONGC, Glenmark Pharma and Reliance Power?

The excitement following the Fed rate cut continued to boost the domestic market, with the benchmark Sensex rising 384 points on Monday to reach a new all-time high of 84,928. Similarly, the Nifty closed at a record peak of 25,939.

Key stocks that drew attention included ONGC, which increased by 3.06%, Glenmark Pharma, which rose by 4.2%, and Reliance Power, whose shares surged nearly 5% on Monday.

Sensex Today | Stock Market LIVE Updates: Digital company Pratilipi Plans IPO in 2026, aims to raise $12 mn in pre-IPO round

Digital storytelling platform Pratilipi is planning for an initial public offering (IPO) in January 2026, depending on market conditions, as stated by co-founder Ranjeet Pratap Singh.

Sensex Today | Stock Market LIVE Updates: F&O traders lose nearly Rs 2 lakh cr wealth in 3 years to March with just 7.2% profit rate

Retail traders experienced a total net loss of ₹1.81 lakh crore in futures and options trading over the three years leading up to March 2024, with only 7.2% of individual traders recording a profit during this period, according to a study by the Securities and Exchange Board of India (SEBI).

Sensex Today | Stock Market LIVE Updates: Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case

The Securities and Exchange Board of India (SEBI) has fined Jai Anmol Ambani, the son of industrialist Anil Ambani, ₹1 crore for alleged irregularities related to Reliance Home Finance.

Sensex Today | Stock Market LIVE Updates: Fed cut effect! Sensex, Nifty zoom to lifetime highs as bulls run amok

Indian equity indices reached all-time highs on Monday for the second consecutive day, fueled by positive global momentum after the US Federal Reserve reduced interest rates by 50 basis points last week. Shares in interest-sensitive sectors like banks, real estate, and automobiles drove the market gains.

Sensex Today | Stock Market LIVE Updates: JP Morgan index inclusion boosts $18 bn flows into local bonds in 1 year

Since JP Morgan announced the inclusion of Indian sovereign bonds in one of its major global debt indices a year ago, foreign investors have invested ₹1.5 lakh crore (approximately $18 billion) into the local market. This inflow may accelerate further following the Federal Reserve’s initiation of an easing cycle last week.

Stock Market LIVE Updates | Japan’s Nikkei hits 3-week high on Wall Street strength, dovish BOJ

Japan’s Nikkei share average hit a three-week high on Tuesday as markets resumed trade after a long holiday weekend, with Wall Street’s overnight gains and the Bank of Japan’s dovish comments lifting sentiment.

The Nikkei was up 1.5% at 38,293.34, as of 0024 GMT, after rising to 38,324.07, its highest since Sept. 3, earlier in the day. Japanese markets were closed on Monday for a holiday.

Stock Market LIVE Updates | GIFT Nifty signals a muted start for D-Street

Domestic markets maintained their positive momentum following the Federal Reserve’s aggressive rate cut, with indices closing at new highs on Monday. Nifty has gained 3% so far in September 2024 and is approaching the 26,000 mark.

Stock Market LIVE Updates | Stocks in news: Reliance Power, Coal India, AstraZeneca India, PNB, Power Grid

Domestic markets began the week on a positive note, rising nearly half a percent, continuing last week’s momentum. In today’s trading, shares of Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid will be in focus due to various news developments.

Stock Market LIVE Updates | Gold prices steady after Fed policymakers back rate cuts

Gold prices remained stable on Tuesday after reaching an all-time high in the previous session, following remarks from U.S. Federal Reserve officials supporting potential future interest rate cuts.

As of 0023 GMT, spot gold was steady at approximately $2,625.52 per ounce, having hit a record high of $2,635.29 on Monday.

Stock Market LIVE Updates | Oil prices rise on concerns of wider Middle East conflict, US storm

On Tuesday, oil prices increased due to concerns that the escalating conflict between Israel and Hezbollah could affect supply in the crucial Middle East region, along with the potential impact of a tropical storm on output in the U.S., the world’s largest crude producer, later this week.

Brent crude futures for November rose by 21 cents, or 0.3%, to $74.11 a barrel, while U.S. crude futures for November increased by 24 cents, also 0.3%, to $70.61.

Stock Market LIVE Updates | Wall St ends slightly higher after Fed policymakers back rate cuts

U.S. stocks finished slightly higher on Monday as investors evaluated the potential for a developing trend this week following the Federal Reserve’s rate cut.

The increase was supported by remarks from Fed policymakers and stable factory activity data, continuing the momentum from last week’s significant market rally after the central bank lowered interest rates.

Stock Market LIVE Updates | Asian stocks rise on China stimulus optimism, Fed

Asian stocks climbed on optimism that China was likely to announce stimulus measures, following comments from Federal Reserve policymakers that suggested potential further easing, which boosted overnight gains.

In Japan, equity benchmarks rose over 1% as local markets reopened after a holiday.

Stock Market LIVE Updates | Forex news

The euro was unchanged at $1.1111
The Japanese yen was little changed at 143.59 per dollar
The offshore yuan was little changed at 7.0586 per dollar

Stock Market LIVE Updates | Global Markets

S&P 500 futures were little changed as of 9:01 a.m. Tokyo time
Hang Seng futures rose 1.1%
Japan’s Topix rose 1%
Australia’s S&P/ASX 200 was little changed
Euro Stoxx 50 futures rose 0.2%