11 Sep 2024 | 06:47:45 PM IST
Synopsis
The Nifty formed a bearish candle on the daily chart as the Indian markets ended weaker, with the Sensex down 398 points (0.49%) at 81,523.16 and the Nifty slipping 122.65 points (0.49%) to 24,918.45.
Recent swing low 24,753 is expected to offer short term support to the Nifty. On the higher side, 25,200 becomes strong resistance in Nifty and unless that is taken out, traders should remain cautious, said Devarsh Vakil of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 25,000 and 25,100 strike prices, while on the put side, the highest OI was at 24,800 strike price followed by 24,900.
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India enforcement agency conducts searches in Axis Mutual Fund front-running case
India enforcement agency seized 1.29 million rupees ($15,360) during searches at Axis Mutual Fund’s offices in Mumbai and Kolkata related to an ongoing investigation of front-running, the agency said on Wednesday.
The Enforcement Directorate (ED) started its investigation last year after the country’s market regulator identified 305 million rupees in wrongful gains due to alleged front-running activities.
Strides Pharma Science gets shareholders’ nod, creditors to set up specialty pharma CDMO
Strides Pharma Science on Wednesday said it has received approval from shareholders and secured creditors for creation of OneSource — a specialty pharma CDMO (contract development and manufacturing organization). The company has secured the approval of its shareholders and secured creditors with overwhelming majority, along with those of OneSource Specialty Pharma and SteriScience Specialties, in meetings convened under the guidance of the National Company Law Tribunal, it said in a regulatory filing.
Vedanta Resources raises $900 million via dollar bonds
UK-based Vedanta Resources, parent of India’s Vedanta, has raised $900 million in its first dollar bond issue in more than two years at a coupon of 10.875%, the miner said on Wednesday.
The proceeds will be used to repay Vedanta’s existing bonds and related transaction costs, the company said.
The bonds are expected to be rated “B-” by S&P Global Ratings.
Gold climbs Rs 500 to Rs 74,600 per 10 grams; silver jumps Rs 500
Gold prices climbed Rs 500 to Rs 74,600 per 10 grams in the national capital on Wednesday on account of increased buying by local jewellers as well as strong cues in the global markets. The precious metal of 99.9 per cent purity had closed at Rs 74,100 per 10 grams in the previous close on Tuesday.
With this, gold prices have surged over Rs 1,000 over the past two days.
Silver prices, too jumped Rs 500 to Rs 85,000 per kilogram on Wednesday. It had finished at Rs 84,500 per kg in the previous session, according to All India Sarafa Association.
Tata Steel signs £500 million grant funding agreement with UK govt
- Grant funding agreement for £1.25 billion green steel project in Port Talbot
- Electric Arc Furnace expected to be operational within 3 years
- Plans to close Blast Furnace by end of September in progress
Bajaj Housing Finance IPO subscribed over 63 times on Day 3; GMP soars to 96%
The initial public offering (IPO) of Bajaj Housing Finance was subscribed 63.54 times on the third and the last day of bidding on Wednesday, led by strong demand from non-institutional investors (NIIs) and qualified institutional buyers (QIBs). On day two, the issue was subscribed 7.5 times.
The issue attracted bids for 46,22,86,03,782 shares, or 63.54 times against the issue size of 72,75,75,756 shares. Qualified institutional buyers led the massive response with 209.36 times bids or 37,17,70,59,692 against the allotted 17,75,75,756 shares. Non-institutional investors followed next with 41.43 times subscription, and retail investors bidding 6.94 times the allotted shares. The shareholder reservation portion saw 17.43 times subscription.
PN Gadgil Jewellers IPO subscribed 6.9 times as on Day 2. GMP rises to 54%
The initial public offering (IPO) of PN Gadgil Jewellers, which opened for subscription on Tuesday, was subscribed 6.9 times as on Day 2. The issue received 11.61 crore consolidated share bids against 1,68,85,964 shares available for subscription.
The retail portion was subscribed 6.97 times while the non-institutional investors’ (NIIs’) portion was booked 15.74 times — the highest among all categories. Meanwhile, the quota for qualified institutional buyers (QIBs) was subscribed 8%. It received 3,85,516 consolidated share bids against 48,24,560 shares available for subscription.
India 10-year bond yield near 30-month low as US peers, oil prices fall
Indian government bond yields dropped on Wednesday, with the 10-year yield hitting a nearly 30-month low, influenced by a significant decline in U.S. yields and oil prices.
Attention is now on the upcoming U.S. inflation data, scheduled for release at 6 p.m. IST (1230 GMT).
The benchmark yield closed at 6.8271%, marking its lowest level since March 31, 2022, down from the previous close of 6.8510%.
Tech view: Nifty forms bearish candle, caution advised. How to trade on Thursday
The Nifty formed a bearish candle on the daily chart as the Indian markets ended weaker, with the Sensex down 398 points (0.49%) at 81,523.16 and the Nifty slipping 122.65 points (0.49%) to 24,918.45.
Recent swing low 24,753 is expected to offer short term support to the Nifty. On the higher side, 25,200 becomes strong resistance in Nifty and unless that is taken out, traders should remain cautious, said Devarsh Vakil of HDFC Securities.
Stashfin parent AKARA Capital becomes 1st fintech NBFC to offer NCDs at face value of Rs 10,000
The Index is finding difficulty in overcoming its strong hurdle of 25,100 but on the lower timeframe, it is forming an advanced harmonic pattern known as the Bullish Bat pattern with PRZ (Potential Reversal Zone) being placed at 24,800 which is itself acting as a strong support.
– Aditya Gaggar Director of Progressive Shares
Investors await the release of the US CPI and domestic inflation data. It is anticipated that US inflation will have an uptick in monthly data, while domestic inflation is expected to remain stable. Additionally, this muted trend was influenced by the BoJ’s indication of a potential rate hike if inflation remains elevated
– Vinod Nair, Head of Research at Geojit Financial Services
The domestic market experienced a minor consolidation in line with Asian peers due to correction of commodity prices like crude which has collapsed to $70. Market sentiment remained cautious due to the slowdown in the Chinese economy
– Vinod Nair, Head of Research at Geojit Financial Services
Nazara Technologies says unit acquires 15.86% stake In Getstan Technologies
- Nazara Technologies says unit acquires 15.86% stake In Getstan Technologies
- Deal for consideration of up to $2.2 millioin
The rupee traded within a narrow range near 83.97 with the dollar index holding steady around 101.15$. Core PCE Price Index, later in evening shall provide hints on what to expect from fed in 18sep policy. Consequently, the dollar has remained flat, and the rupee is likely to continue trading within the 83.80-84.10 range
– Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities
Nifty FMCG hits record high for 3rd straight session; Varun Beverages, United Spirits, Britannia top gainers
Price as on 03.48.53 PM, Click on company names for their live prices.
Market Statistics: Advance-decline ratio in favour of sellers
Rupee closes little changed ahead of US inflation print
The domestic market experienced a minor consolidation in line with Asian peers due to correction of commodity prices like crude which has collapsed to 70$. Market sentiment remained cautious due to the slowdown in the Chinese economy. Investors await the release of the US CPI and domestic inflation data. It is anticipated that US inflation will have an uptick in monthly data, while domestic inflation is expected to remain stable. Additionally, this muted trend was influenced by the BoJ’s indication of a potential rate hike if inflation remains elevated
– Vinod Nair, Head of Research, Geojit Financial Services
Nifty top gainers and losers in today’s trade
Price as on 03.38.08 PM, Click on company names for their live prices.
Sector View: Nifty PSU Bank, oil & gas stocks bleed
Nifty below 25K; Adani Ent, L&T drop 2% each
Sensex Heatmap: 20 of 30 Sensex stocks end with cuts
Sensex ends volatile trade 398 pts lower
Sensex Today | Stock Market LIVE Updates: Northern Arc Capital’s Rs 777-crore IPO opens on Sep 16; price band fixed at Rs 249-263/share
Northern Arc Capital, a non-bank financial institution, announced on Wednesday that it has set a price band of Rs 249-263 per share for its upcoming Rs 777 crore IPO.
The Chennai-based company’s share sale will be open for public subscription from September 16 to September 19, with bidding for anchor investors starting on September 13 for one day.
The IPO comprises a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares, worth Rs 277 crore at the upper end of the price band, by existing investors. This brings the total issue size to Rs 777 crore.
Sensex Today | Stock Market LIVE Updates: Top banking losers today
Price as on 03.27.52 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | UBL, SBI Life among 5 stocks with short covering
Short covering occurs when traders repurchase previously shorted shares due to changing sentiment or new information, reducing open interest and potentially increasing stock prices. On Wednesday, 5 stocks experienced this.
Price as on 03.24.33 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Adani Ports to develop multipurpose berth at Gujarat’s Kandla Port
A concession agreement has been signed with DPA to develop a new berth at Deendayal Port in Gujarat, which will handle multipurpose cargo and is expected to be operational by FY27.
Price as on 03.20.12 PM, Click on company names for their live prices.
Sensex Today | Quant Mutual Fund emerges as top five AUM gatherer in 3 years: Sandeep Tandon
- Sandeep Tandon, CEO of Quant Mutual Fund, said in an interview that the fund has captured 50-60% market share in small-cap and mid-cap segments in recent months.
- Tandon noted that the fund house has consistently demonstrated robust growth and maintained this performance over the past few months.
Sensex Today | Stock Market LIVE Updates: Nifty sinks below 24,900
Sensex Today | Stock Market LIVE Updates | DevX plans to raise Rs 125 cr fresh capital ahead of IPO
- Dev Accelerator, Gujarat’s largest managed office space provider, plans to raise ₹125 crore for expansion before its IPO.
- The draft prospectus will be filed with Sebi by month-end, with Pantomath Capital Advisors as lead banker.
Sensex Today | Stock Market LIVE Updates: Broader markets underperform
Sensex Today | Stock Market LIVE Updates | 6 Nifty50 stocks hitting new 52-week highs on Wednesday
Indian shares faced volatility on Wednesday as they awaited key U.S. inflation data, which may impact next week’s anticipated Federal Reserve interest rate cut. Meanwhile, 6 Nifty50 stocks hit new 52-week highs.
Price as on 02.46.47 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Gravita India to acquire recycling facility in Europe
Price as on 02.40.14 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Metals and PSU banks bleed
Top losers from the two sectors.
Price as on 02.37.01 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Pharma and FMCG stocks buck market’s downward trend
Top gainers from the two indices
Price as on 02.35.11 PM, Click on company names for their live prices.
Stock Market LIVE Updates| Brigade Enterprises signals end of steep property price climb: Report
Price as on 02.33.16 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Strides Pharma Gains Over 2%
Price as on 02.28.54 PM, Click on company names for their live prices.
Sensex Today | Latteys Industries gets Rs 3-cr order to supply solar submersible pumps to MSEDCL
Price as on 02.24.50 PM, Click on company names for their live prices.
Stock Market LIVE Updates| VST Industries allots 154.4 million bonus shares in 10:1 ratio
Price as on 02.22.44 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | BEL bags orders worth Rs 1,155 crore from Cochin Shipyard
Price as on 02.22.03 PM, Click on company names for their live prices.
Stock Market LIVE Updates: Bajaj Auto jumps 4%, hits all-time high amid spurt in volumes: Report
Price as on 02.20.31 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | BCPL Railway Infrastructure at 5% upper circuit on Rs 71-cr order
Price as on 02.19.29 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Top Sensex gainers and losers
Sensex Today | Stock Market LIVE Updates: Sensex slips over 300 points
Sensex Today | Stock Market LIVE Updates | Western Carriers IPO opens Friday. Check details
The IPO of Western Carriers opens for subscription on September 13.
The issue closes on September 18.
The company aims to raise approximately Rs 493 crore through the public offer.
Stock Market LIVE Updates| Oil climbs over 1% after slide as US inventory drop, storm support
Oil climbed more than 1% on Wednesday, paring some of the previous day’s losses, as a drop in U.S. crude inventories and concern about Hurricane Francine disrupting U.S. output countered concerns about weak global demand. Brent crude futures were up $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, while U.S. crude futures gained $1.11, or 1.7%, to $66.86.
Stock Market LIVE Updates| Varun Beverages jumps 4%; company has declared of 2:5 stock split
Price as on 02.02.01 PM, Click on company names for their live prices.
Sensex Today | Cryptocurrency Prices on September 11: Bitcoin falls below $56,800 ahead of US inflation data
- The cryptocurrency market declined, led by drops in Bitcoin, Ethereum, and Solana as investors awaited the U.S. consumer price index report for policy guidance.
- Bitcoin fell 0.9% to $56,706, with Ethereum down 0.92% to $2,341.
Sensex Today | Stock Market LIVE Updates | JSW Infra clarifies media report on raising over ₹5,000 crore via QIP: Report
No proposal for QIP has been discussed by the board.
Price as on 01.50.53 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Top Nifty gainers and losers at this hour
Price as on 01.48.43 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Nifty trades negative
Sensex Today | Stock Market LIVE Updates: Sensex slips into red in mid-day trade
Sensex Today | Stock Market LIVE Updates | Manglam Infra & Engineering secures order
Company secures order worth Rs 8 crore.
Price as on 01.37.32 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Nifty Bank under pressure
Sensex Today | Tata Motors shares dip below the 50-day moving average. What should investors do?
- Tata Motors shares fell 6% to Rs 975, dropping below the 50-day SMA of Rs 1,056.
- The stock has corrected 10% in a week.
- Price cuts on EVs and cars, plus UBS’s ‘sell’ rating with a target of Rs 825, triggered the decline.
Price as on 03.05.59 PM, Click on company names for their live prices.
Ashish Kacholia-backed smallcap stock Zaggle surges 20% in 2 days, hits 52-week high
Shares of smallcap firm Zaggle Prepaid Ocean Services, backed by ace investor Ashish Kacholia, surged 20% over the past two trading sessions on the BSE, hitting a 52-week high of Rs 420. The rally followed the company’s announcement of a partnership with HDFC Ergo General Insurance Company. In an exchange filing on Monday, Zaggle stated, “Zaggle Prepaid Ocean Services Limited has entered into an agreement with HDFC Ergo General Insurance Company Limited.”
Price as on 01.18.58 PM, Click on company names for their live prices.
Stock Market LIVE Updates| European shares gain on boost from oil, resources sectors
- European shares opened higher on Wednesday, driven by gains in oil, gas, and basic resources sectors.
- The STOXX 600 index rose 0.3%, with all regional indexes trading positively as investors awaited U.S. inflation data.
Stock Market LIVE Updates| Japan’s Nikkei falls for seventh day as yen’s rally bites
Japan’s Nikkei share average declined for the seventh consecutive session on Wednesday, driven by broad losses as the yen strengthened to its highest level against the dollar this year. The Nikkei ended the day down 1.5% at 35,619.77, after dropping more than 2% and approaching Monday’s one-month intraday low of 35,247.87. The broader Topix index also fell 1.8%, closing at 2,530.67.
Stock Market LIVE Updates | Fire breaks out at Ola Electric showroom in Karnataka: Report
Price as on 12.58.01 PM, Click on company names for their live prices.
Stock Market LIVE Updates| Rajoo Engineers share price hits 5% upper circuit on securing $15 million order: Report
Price as on 12.56.49 PM, Click on company names for their live prices.
Stock Market LIVE Updates| Jubilant Pharmova hits all time high on receiving ‘VAI’ tag for US facility: Report
Price as on 12.55.13 PM, Click on company names for their live prices.
Stock Market LIVE Updates| Aurobindo Pharma’s first product from Eugia new unit gets USFDA approval: Report
Price as on 12.55.23 PM, Click on company names for their live prices.
Stock Market LIVE Updates: Gensol Engineering-Matrix to build India’s first green hydrogen valley in Pune
Price as on 12.45.43 PM, Click on company names for their live prices.
Stock Market LIVE Updates: Regreen-Excel files IPO papers with Sebi; aims to raise Rs 350 crore
Regreen-Excel EPC India Ltd, a manufacturer of ethanol plants, has submitted preliminary documents to the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The offering includes a fresh issue of equity shares valued at Rs 350 crore, along with an offer-for-sale (OFS) of 1.14 crore equity shares by the company’s promoters, as detailed in the draft red herring prospectus (DRHP).
Stock Market LIVE Updates: PN Gadgil Jewellers IPO subscribed 3.6 times so far on Day 2. GMP rises to 54%
The initial public offering (IPO) of PN Gadgil Jewellers, which opened for subscription on Tuesday, has been subscribed 3.6 times as of day 2. A total of 6.03 crore consolidated share bids were received against the 1,68,85,964 shares available for subscription.
Stock Market LIVE Updates: CEAT starts commercial production of truck & bus radial tyres from Tamil Nadu plant: Report
Price as on 12.31.12 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: JSW Infrastructure plans for over Rs 5,000 crore QIP; stock surges: Report
Price as on 12.29.59 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Mid-day Market Mood
- Sensex gains 150 pts, Nifty above 25K
- Top gainers: Bajaj Auto, Bajaj Finance
- Top losers: Tata Motors, ONGC, BPCL
- India VIX eases 1.5%
- Mid, Smallcap indices rise
- Oil & gas sector drops over 1%
- FMCG, IT, Pharma sectors trade in green
Sensex Today | Stock Market LIVE Updates | PN Gadgil Jewellers IPO subscribed 3.6 times so far on Day 2
On day 2 of PN Gadgil Jewellers’ IPO, which began on Tuesday, the issue was subscribed 3.6 times. It garnered 6.03 crore bids for 1,68,85,964 shares available.
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures fell 0.5% as of 3:08 p.m. Tokyo time
- Nikkei 225 futures (OSE) fell 1.2%
- Japan’s Topix fell 1.8%
- Australia’s S&P/ASX 200 fell 0.4%
- Hong Kong’s Hang Seng fell 1.1%
- The Shanghai Composite fell 1%
- Euro Stoxx 50 futures were little changed
Sensex Today | Bajaj Housing Finance IPO subscribed over 14 times on last day; GMP soars to 96%
The IPO of Bajaj Housing Finance was oversubscribed 14.05 times on the final day of bidding on Wednesday, driven by robust interest from non-institutional investors (NIIs) and qualified institutional buyers (QIBs). On the second day of the offering, the subscription rate was 7.5 times.
Sensex Today | Kross Ltd IPO subscribed by over 4 times so far on last day of bidding process.
Kross Ltd’s IPO, which opened for subscription on Monday, was oversubscribed 4.2 times by the last bidding day. Non-institutional investors led with 6.2 times, while institutional buyers lagged at 3%.
Stock Market LIVE Updates | Eureka Forbes shares list on NSE
Stock Market LIVE Updates | Bajaj Housing Finance IPO frenzy enters day 3! Check out top performing HFC stocks with up to 227% returns in a year
The Rs 6,560 crore IPO of Bajaj Housing Finance is getting strong response from investors. With the stock set for its debut at the bourses next week, here’s a look at top performing housing finance stocks in the last one year period.
Oil prices recover, driven by supply disruption fear from hurricane
Oil prices climbed on Wednesday, paring some of the previous day’s losses, as concerns about Hurricane Francine disrupting output in the U.S., the world’s biggest producer, outweighed worries about weak global demand.
Brent crude futures climbed 34 cents, or 0.5%, to $69.53 a barrel by 0430 GMT while U.S. crude futures were at $66.10 a barrel, up 35 cents, or 0.5%.
Sensex Today | Strides announces approval from equity shareholders and secured creditors for creation of OneSource – India’s first Specialty Pharma CDMO
Price as on 11.25.47 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Buzzing Stocks
Price as on 11.17.45 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Lemon Tree Hotels shares jump 3% on signing licensing agreement for new property
Lemon Tree Hotels shares rose 3% to Rs 134.45 today on BSE after announcing a licensing agreement for a new property in Mira Road, Mumbai, set to open in FY 2026 and managed by Carnation Hotels.
Price as on 11.17.09 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Ramco Systems shares gain 3% on launch of its latest Aviation Software version 6.0
The new software is designed to revolutionize maintenance, repair, and overhaul (MRO) operations, as well as maintenance and engineering (M&E) processes, through advanced technology and AI-driven capabilities.
Price as on 11.06.15 AM, Click on company names for their live prices.
Sensex Today | At multi-year highs: These 6 stocks witnessed 5-year swing high breakouts
In the Nifty200 pack, we have identified six stocks that achieved a 5-year swing high at the close on September 10, indicating bullishness according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year period. This level serves as a significant resistance point where the price has historically struggled to exceed.
Stock Market LIVE Updates | Archies shares gain as it sets sales target of Rs 15 crore to Rs 18 crore for FY2025
Price as on 11.02.38 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Sectoral Snapshot
- Auto, media and oil & gas indices under pressure
- FMCG sector gain 1%
- Pharma and banks rise
Stock Market LIVE Updates | Brokerage Take: CLSA on Ambuja Cement
CLSA has retained its “underperform” rating on Ambuja Cement, setting a target price of Rs 570.
Ambuja Cement continues to prioritize boosting profitability through cost reductions and capacity expansion. The company has upheld its FY28 EBITDA per tonne (T) target of over Rs 1,500/T, backed by cost savings that are expected to exceed Rs 500/T.
Nifty’s 1-year returns of 25% beats global peers. Should you remain bullish?
The Nifty’s 1-year return of 25% surpasses that of major global indices, with Wall Street’s S&P 500 coming in second at 22%. This impressive performance is attributed to the Nifty’s shift from merely following global trends to leveraging its own strengths, such as a strong domestic economy and a rising number of retail investors.
Sensex Today | Mini Diamonds (India) shares gain 2% as company receives export order for 14KT gold and lab-grown diamond jewellery from Parasmani Inc, Canada
Price as on 10.28.22 AM, Click on company names for their live prices.
Sensex Today | Aurionpro wins order from the Municipal Corporation of Panvel, Maharashtra, India. The contract is a five-year deal valued at over Rs 200 crores
Price as on 10.24.56 AM, Click on company names for their live prices.
Sensex Today | OIl India shares fall 6% after signing MoU with IRH, UAE
Oil India (OIL), ONGC Videsh (OVL), and Khanij Bidesh India (KABIL) have signed a Memorandum of Understanding (MoU) with IRH, UAE, to foster global cooperation in the critical mineral supply chain.
Price as on 10.19.11 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Brokerage Take: CLSA on Infosys
CLSA has upheld its hold rating for Infosys, with a target price of Rs 1,747.
The outlook for Infosys for the rest of FY25 remains consistent. CLSA expects ongoing positive demand trends in certain BFSI sectors, though it also identifies growing challenges from the EU auto industry. The global brokerage firm notes that uncertainty surrounding major macroeconomic issues is slowly decreasing.
Stock Market LIVE Updates | Nifty Oil & Gas drops over 1%
- Oil India shares fall over 6%
- Brent crude oil prices trade below $70/bbl
Stock Market LIVE Updates | Namo eWaste Management shares list at 90% premium over IPO price
Namo eWaste Management shares made their debut on the NSE SME platform with a 90% premium on Wednesday, opening at Rs 161.5 compared to the issue price of Rs 85.
Prior to the listing, the shares were trading with a grey market premium (GMP) of approximately 92% above the issue price.
Stock Market LIVE Updates | Zomato shares In Focus
Shares of food delivery platform Zomato soared 15.5% over the past five sessions, hitting a new all-time high of Rs 280.60 on the BSE, fueled by high trading volumes and positive investor sentiment.
The rally began after Zomato finalized a deal to acquire Paytm’s events and movie ticketing business. This move, along with favorable updates from global brokerage firms like Jefferies and JP Morgan, has contributed to the upbeat outlook on the stock.
Price as on 10.02.01 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Tata Motors shares fall 5% on reducing EV prices, UBS rating
The company reduced prices on its electric vehicles and popular models by up to Rs 2.05 lakh, indicating concerns about weak growth prospects. Subsequently, the global brokerage firm UBS issued a ‘sell’ rating with a target price of Rs 825.
Price as on 10.06.07 AM, Click on company names for their live prices.
Oil steadies below $70 after demand concerns intensify rout
Oil prices stabilized after a rapid surge in concerns about global demand triggered a sharp selloff, pushing Brent crude below $70 a barrel for the first time in over two years.
The benchmark has fallen by nearly 20% this quarter, driven by worries that slowing growth in the U.S. and China—two major consumers—will dampen consumption amid increasing and plentiful supplies.
Sensex Today | Stock Market LIVE Updates | Infibeam Avenues shares to turn ex-date for spin off
Stock Market LIVE Updates | Suzlon shares extend rally, hit 5% upper circuit
The global brokerage firm Morgan Stanley maintained its overweight rating on the stock with a target price of Rs 73 as the company won a 1,166 MW order from NTPC Green Energy.
Stock Market LIVE Updates | Brokerage Take: UBS on Tata Motors
UBS has maintained a sell rating on Tata Motors with a target price of Rs 825.
Range Rover Sport has experienced a sharp increase in discounts. JLR has performed well over the past few years, benefiting from strong demand for its latest models, which has positively impacted ASPs and margins. However, the success of these models is starting to moderate, and the company’s order book is now below pre-COVID levels.
Sensex Today | Stock Market LIVE Updates | Dr. Reddys shares gain
On Tuesday, DRL provided clarification in response to allegations from the Congress party, which claimed that the company gained from its connection with Dhaval, the husband of Sebi chairperson Madhabi Puri Buch, through Agora Advisory Pvt Ltd.
Price as on 09.37.57 AM, Click on company names for their live prices.
Stock Market LIVE Updates | HDFC Bank, Axis Bank shares drop as cos penalised by RBI
HDFC Bank fined ₹1.91 crore, Axis Bank penalized ₹1 crore for non-compliance with RBI directions
Price as on 09.30.26 AM, Click on company names for their live prices.
Sensex Today | Lemon Tree Hotels shares gain 3% as co signs agreement for new property
The company has signed a License Agreement viz Lemon Tree Hotel, Mira Road, Mumbai. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited and is expected to open in FY 2026.
Price as on 09.27.33 AM, Click on company names for their live prices.
Stock Market LIVE Updates | IndiGo shares gain as aviation regultor reduces penalty
The Bureau of Civil Aviation Security (BCAS) has reduced the quantum of penalty imposed on the company from Rs 1.2 crore to Rs 70 lakh.
Price as on 09.25.06 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Vodafone Idea shares in focus
Vodafone Idea has in recent weeks approached state-owned lenders Power Finance Corp. (PFC) and REC Ltd for loans to meet medium-term funding requirements, ET reported.
Price as on 09.21.58 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Marine Electricals (India) gets order worth Rs 4.1 crore
Price as on 09.20.36 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Voda Idea, ONGC among top movers in morning trade
Price as on 09.19.55 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Opening Bell
Sensex drops over 50 pts, Nifty tests 25K; Suzlon jumps 3%, Tata Motors sheds 3%
Sensex Today | Stock Market LIVE Updates: India’s market watchdog Sebi needs stricter controls amid charges against Madhabi Puri
Overlooking the credibility issues at the top of the Securities and Exchange Board of India (SEBI) won’t resolve them. Similarly, SEBI Chair Madhabi Puri Buch’s choice to avoid addressing questions about her potential conflicts of interest won’t stop the opposition Congress Party or Hindenburg Research from raising these concerns.
A significant trend in the global commodity markets now is the sharp decline in the crude price and softening of base metal prices. This has implications for stock markets. The sharp dip in Brent crude to below $70 signals weakening demand globally, which in turn, indicates weakening growth prospects for the global economy. Therefore, rate cuts by the leading central banks of the world is now a foregone conclusion. The Fed will kick off its rate cutting cycle this month. In India, too, we can expect two rate cuts by the MPC in FY25. Banking stocks, which are attractively valued, are good buys now for medium to long-term investors. The investor preference of defensives like Pharma and FMCG is likely to continue. Industries using crude and crude derived inputs as raw material, like paints, adhesives, tyres and aviation will be on strong wicket
– Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty flat in pre-open trade
3.3% equity traded in Arvind Fashions block deal
Sensex Today | Stock Market LIVE Updates: Burma Burma plans to serve up an IPO in next 3 years
Chirag Chhajer and Ankit Gupta, co-founders of the vegetarian Burmese restaurant chain Burma Burma, shared with ET that the company plans to launch an IPO within the next three years. They also aim to triple their footprint before going public.
Sensex Today | Stock Market LIVE Updates: Swiggy’s latest listing plan includes Rs 5,000 crore fresh issue
Swiggy is considering increasing the fresh issue component of its forthcoming IPO to ₹5,000 crore and will seek shareholder approval for this change at an extraordinary general meeting (EGM) scheduled for October 3, according to a notice issued to shareholders. Originally, the food and grocery delivery company had planned to raise ₹3,750 crore in new capital, in addition to a ₹6,664 crore offer for sale by existing investors.
Sensex Today | Positive Breakout: Nestle India among 3 stocks that crossed their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on September 10
Sensex Today | Stock Market LIVE Updates: Varun Beverages 2:5 stock split record date tomorrow; last day to buy for eligibility
Earlier this month, the board of Varun Beverages, PepsiCo’s bottling franchise partner, set September 12 as the record date for its 2:5 stock split. This means the stock will start trading on an ex-split basis beginning tomorrow.
Sensex Today | F&O Ban List: Aditya Birla Fashion, Hindustan Copper among 7 stocks under trade ban on Wednesday
On Wednesday, seven stocks are subject to a trade ban in the Futures & Options (F&O) segment. These include Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Biocon, Chambal Fertilizers & Chemicals, Hindustan Copper, and RBL Bank.
Sensex Today | Stock Market LIVE Updates: SJVN among 21 stocks to trade ex-dividend tomorrow. Do you own any?
SJVN, which was recently granted Navratna status by the government along with 20 other companies, is expected to be in the spotlight today. The company has set September 12 as the record date to determine which shareholders are eligible for dividend payments.
Sensex Today | Big movers on D-Street: What should investors do with GMR Airports, IREDA and Suzlon Energy
On Tuesday, the benchmark Sensex surged by nearly 362 points, while the Nifty closed above the 25,000 mark, marking their second consecutive day of gains following a rebound in the US markets.
Notable stocks included GMR Airports, which increased by 1.96%, IREDA, which rose by 5.3%, and Suzlon Energy, whose shares jumped by nearly 5%.
Sensex Today | Stock Market LIVE Updates: Rules to allow brokers to invest in unrelated business may be eased
On Tuesday, the finance ministry suggested relaxing regulations that could enable stock brokerages to invest in non-securities or unrelated businesses, provided they do not use client funds or securities, or incur financial liabilities.
Sensex Today | Stock Market LIVE Updates: SBI likely to raise up to Rs 7,500 crore via
The State Bank of India (SBI) is expected to raise up to ₹7,500 crore through the issuance of tier-2 bonds next week to address the growing credit demand, which has consistently outpaced deposit growth among lenders.
Sensex Today | Stock Market LIVE Updates: RBI parachute gives falling rupee a glide path to avoid 84/$ breach
In recent months, the Reserve Bank of India (RBI) has skillfully managed exchange-rate stability by providing dollars amid a wider trade deficit while preventing the rupee from falling below the significant 84-to-dollar level.
Sensex Today | Stock Market LIVE Updates: FPIs stay positive on consumption theme, increase allocation to automobiles, consumer services
By the end of August 2024, the combined weight of consumption-related sectors—such as automobiles, consumer durables, consumer services, FMCG, and telecommunications—in the portfolios of foreign portfolio investors (FPIs) hit a record high of 25.5%, according to NSDL data.
Sensex Today | Stock Market LIVE Updates: 42 months & counting! India puts more money into equity funds
Investors continued to invest in equity mutual funds through both lump sum contributions in new fund offers (NFOs) and systematic investment plans (SIPs). In August, equity schemes attracted ₹38,239 crore, marking the 42nd consecutive month of inflows, up from ₹37,113 crore the previous month. This increase was driven by investments in thematic funds, which have seen a surge of new fund offers recently.
Stock Market LIVE Updates | S&P 500 ends slightly higher but banks and energy weigh
On Tuesday, Wall Street’s benchmark S&P 500 index rose by 0.5%, but worries about slowing economic growth limited the gains. The Dow Jones Industrial Average declined as bank stocks fell following warnings of weakness in the current quarter, and energy shares dropped significantly.
Energy was the largest percentage loser among the 11 industry sectors, falling by 1.9% as crude oil futures dropped after OPEC+ revised its demand forecasts for 2024 and 2025.
Stock Market LIVE Updates | GIFT Nifty signals a muted start for D-Street
Domestic markets showcased a gradual rebound driven by the shift in focus towards upcoming US inflation and potential Fed policy stance.
Gift Nifty (Earlier SGX Nifty) signals a flat start.
Nifty futures on the Gift Nifty traded 35 pts lower at 25,079.
Stock Market LIVE Updates | Stocks in news: HDFC Bank, Vodafone Idea, Dr Reddy’s, RIL, IndiGo
Domestic markets continued their rebound on Tuesday, rising by nearly half a percent, bolstered by a recovery in global indices. Today’s trading will spotlight shares of HDFC Bank, Vodafone Idea, Dr Reddy’s, RIL, IndiGo, and others, influenced by various news developments.
Stock Market LIVE Updates | D-Street Recap
Indian benchmark equity indices recovered from a slow start to end higher on Tuesday, thanks to rises in IT and pharma stocks, as investors awaited important U.S. inflation data that could suggest possible interest rate cuts.
The Nifty 50 rose 0.42% to 25,041, while the S&P BSE Sensex advanced 0.44% to 81,921.
Stock Market LIVE Updates | Forex news
- The euro was little changed at $1.1019
- The Japanese yen rose 0.1% to 142.28 per dollar
- The offshore yuan was little changed at 7.1357 per dollar
- The Australian dollar was little changed at $0.6648
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures fell 0.2% as of 10:12 a.m. Tokyo time
- Hang Seng futures fell 0.7%
- Nikkei 225 futures (OSE) fell 0.6%
- Japan’s Topix fell 0.7%
- Australia’s S&P/ASX 200 fell 0.3%
- Euro Stoxx 50 futures were unchanged
Stock Market LIVE Updates | Asian stocks shaky ahead of US presidential debate
Asian stocks showed uncertainty on Wednesday as investors prepared for U.S. inflation data and a highly anticipated U.S. presidential debate. Meanwhile, oil prices lingered near three-year lows amid worries about weak demand.
The upcoming debate between Democratic Vice President Kamala Harris and Republican presidential candidate Donald Trump is expected to be crucial in their race for the White House, marking their first and potentially only face-off.
Stock Market LIVE Updates | Oil prices rebound on fears of supply disruption from tropical storm
Crude oil prices increased on Wednesday as fears of Tropical Storm Francine affecting oil supply overshadowed concerns about demand.
Brent crude futures rose by 39 cents, or 0.6%, reaching $69.58 a barrel by 0031 GMT, while U.S. crude futures climbed 44 cents, or 0.7%, to $66.19 a barrel.
