Market Crash Highlights, Oct 3: Israel war triggers 1769-pt sell off in Sensex; Nifty ends at 25,250

Share Market Crash Highlights, Oct 3: MidCap, SmallCap indices closed up to 2.2 per cent lower. Fear gauge, India VIX, soared 9.4 per cent today

3:54 PM

Stock Market Highlights LIVE Updates: FIIs redirection of funds adding pressure on Indian stocks

The domestic market took a sharp downturn following Iran’s launch of ballistic missiles at Israel, sparking fears of retaliation and escalation in war. This could potentially drive-up oil prices and lead to inflationary pressures.

Additionally, new SEBI regulations for the F&O segment have raised concerns about reduced trading volumes in the broader market. Lastly, with attractive valuations in China, FIIs have redirected their funds, adding pressure on Indian stocks.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

 

3:51 PM

Stock Market Highlights LIVE Updates: Breach of 25,070 could see the Nifty decline towards 24,800

The Nifty has experienced a sharp correction, breaking below the support of a rising trendline on the daily timeframe, signaling a potential bearish trend reversal. Additionally, the index has slipped below the 20-day moving average (20DMA), intensifying concerns.

The daily RSI has also broken below its rising trendline, further suggesting the possibility of continued downside. Immediate support is located at 25,070, and a breach of this level could see the index decline towards 24,800. On the upside, resistance is positioned in the 25,500–25,550 zone.

(View by: Rupak De, Senior Technical Analyst, LKP Securities) 

3:48 PM

Stock Market Highlights LIVE Updates: Nifty Realty ends over 4% lower

Among sectors, Nifty Realty was clear loser ending the day 4.36 per cent lower and was followed by Nifty Auto slipping 2.88 per cent, Nifty Private Bank declining 2.61 per cent and Nifty Financial Services sliding 2.59 per cent. 

3:43 PM

Stock Market Highlights LIVE Updates: Broader indices fall in line with benchmarks

The BSE MidCap ended 2.27 per cent lower, while the BSE SmallCap finished 1.84 per cent down. 

3:41 PM

Stock Market Highlights LIVE Updates: JSW Steel, ONGC only gainers on NSE

On NSE, JSW Steel and ONGC ended the day in green, while the likes of BPCL, Shriram Finance and L&T fell up to 5 per cent. 

3:39 PM

Stock Market Highlights LIVE Updates: 28 out of 30 stocks decline on Sensex

On the BSE Sensex, a total of 28 stocks ended in red out of 30 stocks. These included L&T, Reliance Industries and Axis Bank falling up to 4 per cent each among others.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty falls over 500 points to 25,266

The NSE's Nifty 50 finished at 25,266, down 530 points, or 2.06 per cent on Thursday. 

3:33 PM

Stock Market Highlights LIVE Updates: Sensex closes over 1,750 pts down

BSE Sensex closed at 82,497, down 1769 points or 2.10 per cent on Thursday.

3:29 PM

Stock market LIVE updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall

Sports Utility Vehicle (SUV) volume growth for Maruti Suzuki also slowed more than 4 per cent in September 2024. The company has been facing a slowdown in the segment since July 2024 due to the high base and increasing competition in the SUV category. READ MORE

3:24 PM

Stock market LIVE Updates: Nifty Auto skids 3% as Sept passenger vehicle sales slow, CV sales fall

Automobile stocks plunged in Thursday's trade with all 15 stocks in the Nifty Auto index falling up to 4.3 per cent intraday today. The index also slipped 2.7 per cent in trade after auto sales data for September revealed a slowdown in passenger vehicle (PV) sales and a decline in commercial vehicle (CV) sales volume.

At around 1:50 PM, the Nifty Auto index was down 2.73 per cent at 26,406.95. In comparison, the NSE Nifty index was down 2.04 per cent at 25,270.3 at around the same time. Read more

3:17 PM

Marico gains 4%; hits new high in weak market on stable volume growth in Q2

At 02:18 pm; Marico had eraseds its intra-day gain and was trading 0.5 per cent higher at Rs 696.50 on the BSE. In comparison, the BSE Sensex tanked 2.1 per cent or 1,781 points at 82,485. In the last six months, the stock has outperformed the market by surging 41 per cent, as against a near 12 per cent rise in the benchmark index. READ MORE

3:07 PM

Stock Market LIVE updates: 3 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading deep in the red on Thursday.

 

At 3:00 PM, the BSE Sensex was at 82,508.01, down 1758.28 points, or 2.09 per cent, while the Nifty 50 was at 25,252.60, down 544.30 points, or 2.11 per cent.

 

2:56 PM

Stock Market LIVE Updates: Housing sales rise 5% across top 8 cities in July-Sept: Knight Frank

Stock Market LIVE Updates: Housing sales rose 5 per cent annually during July-September to 87,108 units in eight major cities as demand stayed strong for premium homes, according to Knight Frank India.

 

Real estate consultant Knight Frank India on Thursday released its report 'India Real Estate' for the third quarter of 2024 calendar year through a webinar, showing a modest increase in housing sales in contrast to data provided by Anarock and PropEquity which reported drop in total sales during July-September across major cities. READ MORE

2:49 PM

Stock Market LIVE Updates: Bharat Electronics, Israel Aerospace Industries form joint venture firm

Stock Market LIVE Updates: Navratna defence PSU Bharat Electronics Limited (BEL) and Israel Aerospace Industries (IAI), Israel's leading aerospace and defence company, have announced the establishment of a joint venture company (JVC), which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. READ MORE

2:37 PM

Stock Market LIVE Updates: Maruti Suzuki India's overall September production falls 9%

Stock Market LIVE Updates: Maruti Suzuki India today informed that its total production of vehicles fell 8.70 per cent year-on-year to 159,743 units in September, compared to 174,978 units in the year ago period.

The company, in an exchange filing, said production of passenger vehicles (including utility vehicles and vans) dropped 9.65 per cent to 156,709 units, compared to 173,451 in the year ago period.

Meanwhile, light commercial vehicle production nearly doubled to 3,034 units, compared to 1,527 units in the year ago period.

 

2:33 PM

Stock Market LIVE Updates: RITES ties up with DMRC to explore Metro works in India and abroad

Stock Market LIVE Updates: RITES today announced that it has signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC), to identify, secure and execute metro projects in India and abroad. 

The company, in an exchange filing, said, "Through this MoU, both organisations will combine their strengths to identify, secure, and execute metro projects in India and abroad."

It added that the strategic collaboration between the two companies will focus on offering services in areas including General Consultancy, Project Management, Detailed Design, Feasibility Studies and others

2:26 PM

Stock Market LIVE Updates: Life comes back full circle for RIL stock in Navratri 2024; here's how

Stock Market LIVE Updates: Shares of Reliance Industries have declined as much as 7.3 per cent in the last three trading sessions amid the on-going stock market correction. In trades on Thursday, Reliance (RIL) stock had touched an intra-day low of Rs 2,827 on the National Stock Exchange (NSE) and was down 3.4 per cent as of 1.30 PM.

 

The Mukesh Ambani-led firm is one of the most valued listed companies in India with a market capitalisation of Rs 19.29 lakh crore. The free float market-cap of RIL stands around Rs 9.64 lakh crore. READ MORE

2:16 PM

Stock Market LIVE Updates: Stock market strategy - Where to invest as Israel war escalates, oil rises

Stock Market LIVE Updates: The ongoing correction in the Indian stock market may be nearing its bottom, analysts said on Thursday, as they expect the Iran-Israel war to turn into a "localised" affair over the medium-term.

 

At best, they expect the benchmarks -- BSE Sensex and Nifty50 -- to slide another 1-2 per cent here on and suggest investors use the dips to buy into quality large-caps and select mid, smallcap stocks. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Losses deepen for Sensex, Nifty

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading deep in the red on Thursday.

At 2:00 PM, the BSE Sensex was at 82,514, down 1,751 points, or 2.08 per cent, while the Nifty 50 was at 25,269, down 527 points, or 2.04 per cent.

 

1:58 PM

Stock Market LIVE Updates: Mahindra Thar ROXX receives 1,76,218 bookings within 60 minutes of opening

Stock Market LIVE Updates: Mahindra & Mahindra today announced that the newly launched Thar ROXX has received 1,76,218 bookings within 60 minutes of booking commencing at 11.00 AM.

Deliveries of Thar ROXX will being on Dussehra, the company said in an exchange filing, while adding that it will inform customers about their tentative delivery schedules in a phased manner over the next three weeks.

1:51 PM

Stock Market LIVE Updates: Markets in the times of war: Sharp correction and then a swift recovery

Stock Market LIVE Updates: Adversities such as war may be a good time for long-term investors who have an appetite for risk to buy their favourite stocks cheaper, say analysts. However, they need to first evaluate whether the geopolitical developments are likely to stay localised, or can escalate. READ MORE

1:41 PM

Stock Market LIVE Updates: KPI Green unit receives nod for 5 MW solar project from Chief Electrical Inspector

Stock Market LIVE Updates: KPI Green Energy today announced that it has received the requisite approvals from the Chief Electrical Inspector for a 5 MW solar power project under its CPP business segment.

The company, in an exchange filing, said, "We are pleased to announce that we have obtained approvals from the Chief Electrical Inspector (CEIG) for 5 MW of solar power project under our CPP business segment. This project was executed for our esteemed client of M/s KPIG Energia Private Limited, wholly owned subsidiary of the Company." 

The company added that the approval has been received in the name of the respective client.

1:29 PM

Stock Market LIVE Updates: Orissa Bengal bags deal from JSW Cement unit to transport coal till end of year

Stock Market LIVE Updates: Orissa Bengal Carrier today informed that it has entered into a contract for the transportation of Coal and Pet Coke of Shiva Cement, a subsidiary of JSW Cement, for a period of three months upto December 31, 2024.

 

1:16 PM

Stock Market LIVE Updates: Shivalik Rasayan's API facility at Dahej, Gujarat approved by US FDA

Stock Market LIVE Updates: Shivalik Rasayan today announced that it has received approval from the US FDA for its API facility, located at Bharuch, Gujarat.

The company, in an exchange filing, said, "The United States Food and Drug Administration (US FDA) approved the API Facility of Shivalik Rasayan Limited at D-2/CH/41/A, GIDC Industrial Estate, Dahej, Bharuch, Gujarat, India-392140 based on inspection concluded on April 09, 2024 at 05:30 PM and released Establishment Inspection Report (EIR)."

1:09 PM

Stock Market LIVE Updates: Suzlon Energy shares drop over 4% after BSE, NSE serve warning letter

Stock Market LIVE Updates: Suzlon Energy shares tanked up to 4.4 per cent at Rs 76.20 per share on the BSE in Thursday’s intraday trade. 

This came after Suzlon Energy received advisory and warning letters from both the National Stock Exchange (NSE) and BSE due to non-compliance with SEBI’s listing obligations and disclosure requirements (LODR). 
 

The warnings pertain to the company's handling of disclosures regarding the resignation of independent director Marc Desaedeleer. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty yet to find day's bottom

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading deep in the red on Thursday.

At 1:00 PM, the BSE Sensex was at 82,906, down 1,359 points, or 1.61 per cent, while the Nifty 50 was at 25,377, down 419 points, or 1.63 per cent.

12:44 PM

Stock Market LIVE Updates: Why shares of Asia's oldest stock exchange zoomed 55% in 1 month; Details

Stock Market LIVE Updates: Shares of BSE (formerly Bombay Stock Exchange), Asia’s oldest exchange, hit a new high of Rs 4,235, as they surged 10 per cent on the National Stock Exchange (NSE) on Thursday’s intra-day trade after the Securities and Exchange Board of India (Sebi) announced new norms governing trading in futures and options (F&O) to curb excessive volumes in the segment and strengthen the overall framework governing their trade.

 

Most of the measures are similar to the ones announced by the markets regulator in a consultation paper released on July 30, 2024. READ MORE

12:30 PM

Stock Market LIVE Updates: BSE to keep weekly options tied to Sensex despite new derivative rules

Stock Market LIVE Updates: India's BSE will retain weekly derivative contracts linked to the Sensex after the country's markets regulator announced tighter rules for equity derivatives, two sources with direct knowledge of the matter said.

 

The Securities and Exchange Board of India on Tuesday asked exchanges to cut down the number of weekly options contracts available to investors to only one from Nov. 20. READ MORE

12:14 PM

Stock Market LIVE Updates: JSW Steel hit all-time high, JSPL gains 3% after Nomura initiates 'Buy'

Stock Market LIVE Updates: JSW Steel and Jindal Steel and Power (JSPL) share prices jumped up to 3.1 per cent on Thursday (October 3). While JSW Steel stock clocked an all-time high of Rs 1,059.95 per share, JSPL registered an intraday high of Rs 1,065 per share. The stocks advanced after global brokerage Nomura initiated coverage on them with a 'Buy' rating with a target of Rs 1,220 and Rs 1,200 per share, respectively.

 

At around 9:28 AM, JSW Steel share price was up 2.53 per cent, while that of JSPL was 2.72 per cent higher on the BSE. In comparison, the BSE Sensex traded 0.93 per cent lower at 83,485.97 around the same time. READ MORE

12:03 PM

Stock Market LIVE Updates: 12 AM market update - Sensex, Nifty tumble deeper

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and NIfty 50 were trading deep in the red on Thursday, weighed down by escalating tensions in the Middle East.

At 12:00 PM, the BSE Sensex was at 82,936, down 1,330 points, or 1.58 per cent, while the Nifty 50 was at 25,392, down 404 points, or 1.57 per cent.