Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%

Stock Market Close Highlights Today, Oct 18: The Nifty50, too, ended at 24,854.05, up 104.16 point. Axis Bank, ICICI Bank, HDFC Bank, and RIL led the rally market today

4:02 PM

Stock Market Close Highlights: 'A decisive move above 24,900 could induce a short-term rally'

'The Nifty has moved up sharply after forming a panic bottom around 24,570, failing to sustain below 24,700. On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750.'

 

Views by: Rupak De, Senior Technical Analyst, LKP Securities

4:01 PM

Stock Market Close Highlights: 'Market bouced back from oversold levels led by financials and metals'

'After the morning sell-off, the market bounced from the oversold level driven by selective buying in financials, auto and metals stocks. Initial set of results from private banks were positive, building an expectation that the upcoming set of financial results in the weekends will also be optimistic. The metals also performed well, benefiting from a slightly better-than-expected growth in China's Q3 GDP. Consecutive rate cuts by the ECB supported rate sensitive stocks.'

 

Views by: Vinod Nair, Head of Research, Geojit Financial Services

3:50 PM

Stock Market Close Highlights: The overall market breadth was marginally negative; 213 stocks hit 52-week high

3:48 PM

Stock Market Close Highlights: Sectorally financials and metals led the market up move; IT stocks declined

3:47 PM

Stock Market Close Highlights: Top 5 smallcap winners zoomed over 10% today; Manappuram Finance tanked 13%

3:40 PM

Stock Market Close Highlights: Paytm, Zee shine among MidCaps; Indraprastha Gas slumps 10%

3:37 PM

Stock Market Close Highlights: Private bank shares shine among Sensex 30, Axis Bank zooms 6%; Infy plunges 4%

3:35 PM

Stock Market Close Highlights: NSE Nifty 50 index hit a low at 24,568; settled with a gain of 104pts at 24,854

3:33 PM

Stock Market Close Highlights: Sensex takes sharp U-turn, gains 980 from day's low; ends 218 points higher

3:22 PM

Stock Market LIVE Updates: LTIMindtree shares crash 6.5% after Q2 results; Should you buy, sell, hold?

The drop in LTIMIndtree shares came after the information technology (IT) company's management gave a cautious commentary for growth in the October-December quarter (Q3) of the current financial year 2024-25 (FY25). READ MORE

3:13 PM

Stock Market LIVE Updates: Motilal Oswal stock zooms 109% within 3 months; marketcap tops Rs 62,000 crore

At 02:38 pm; with a marketcap of Rs 62,392 crore MOFSL was quoting 12% higher backed by a combined volume of 14.14 million equity shares on the NSE and BSE. READ MORE

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty maintain gains

Stock Market LIVE Updates: Indian benchmark equity indices climbed higher after trading in the red for most of the morning session on Friday.

At 3 PM, the BSE Sensex was up 334 points, or 0.41 per cent, at 81,341, while the Nifty 50 was at 24,881, up 131 points, or 0.53 per cent.

 

2:43 PM

Stock Market LIVE Updates: Hindustan Zin reports 39% YoY jump in Q2 net profit at Rs 2,351 crore; shares climb

Stock Market LIVE Updates: Hindustan Zinc reported consolidated Q2 revenue from operations at Rs 8,004 crore, up 20.9 per cent year-on-year (YoY) from Rs 6,619 crore in the year ago period

Profit before tax climbed 187 per cent to Rs 6,619 crore in the second quarter, from Rs 2,305 crore in the year-ago period.

Profit after tax for the company came in at Rs 2,351 crore, up 39.3 per cent from Rs 1,688 crore in the year ago period.

 

2:29 PM

Stock Market LIVE Updates: KIMS signs Rs 700 crore MoU with Wipro GE Healthcare for medical devices

Krishna Institute of Medical Sciences (KIMS) today announced that it has tied up with Wipro GE Healthcare to procure medical technology and services worth up to Rs 700 crore. 

The company, in an exchange filing, said, "Krishna Institute of Medical Sciences (KIMS) signed a Memorandum of Understanding (MoU) to procure medical technology and services of Upto INR700 crore with Wipro GE Healthcare."

It added that as part of the MoU, Wipro GE Healthcare will be an end-to-end medical technology partner for KIMS, providing new products, replacements, and service to the existing and new branches of the hospital system over the next three years. 

The MoU covers the full suite of medical technology products designed, developed and manufactured by Wipro GE Healthcare, including PET CTs, SPEC CTs, Cath labs, MRIs, CT Scanners, ultrasounds, and critical care equipment, among others. 

 

2:17 PM

Stock Market LIVE Updates: Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore

Stock Market LIVE Updates: Tanla Platforms shares slipped 8.5 per cent on BSE and logged an intraday low of Rs 784.1 per share on Friday. The software company's stock fell after its consolidated profit after tax (PAT) declined nearly 9 per cent year-on-year (Y-o-Y).

 

At around 12:36 PM, Tanla Platforms shares were down 3.46 per cent at Rs 827.75 per share on the BSE. In comparison, the BSE Sensex was up 0.34 per cent at 81,279.6 around the same time. The market capitalisation of the company around the time stood at Rs 11,138.81 crore. READ MORE

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Indian benchmark equity indices climbed higher after trading in the red for most of the morning session on Friday.

At 2 PM, the BSE Sensex was up 331 points, or 0.41 per cent, at 81,337, while the Nifty 50 was at 24,870, up 120 points, or 0.48 per cent.

 

1:57 PM

Stock Market LIVE Updates: Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies

Stock Market LIVE Updates: The NSE Nifty 50 index has declined 6.5 per cent from its all-time high of 26,277, touched on September 27, 2024, in less than a month. In the process, the NSE Nifty 50 index is now seen testing support around its 100-DMA (Daily Moving Average) - a key moving average the index has held since mid-November 2023, barring the huge single-day fall on June 04 owing to Lok Sabha election related uncertainty. READ MORE

 

 

 

1:42 PM

Stock Market LIVE Updates: Vishnu Prakash rallies 14% on healthy order book; zoomed 116% since April

Stock Market LIVE Updates: Shares of Vishnu Prakash R Punglia (VPRPL) rallied 14 per cent to Rs 325, hitting a new high on the BSE in Friday’s intra-day trade backed by heavy volumes.

The aggressive buying at the counter can be attirbuted to a healthy order book position of nearly Rs 5,000 crore, which leads to clear visibility in future. READ MORE

 

1:20 PM

Stock Market LIVE Updates: Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus

Stock Market LIVE Updates: Zomato share pricetoday fell 5.4 per cent to Rs 256 per share on the BSE. At 12:43 PM, Zomato shares were trading 4 per cent lower at Rs 259.6 per share as against the BSE Sensex's 0.33-per cent rise.  The drop in Zomato share price came even as the company announced its fund raising plan on Thursday, October 18. READ MORE

 

1:11 PM

Stock Market LIVE Updates: Akums Pharma signs MoU with Zambian govt for local manufacturing of medicines there

Stock Market LIVE Updates: Akums Drugs & Pharmaceuticals today anounced that it has signed a memorandum of understanding with the Government of Republic of Zambia for local manufacturing of medicines.

The company, in an exchange filing, said, "We would like to inform you that Akums Drugs and Pharmaceuticals has entered into a Memorandum of Understanding with The Government of Republic of Zambia through Ministry of Health situated at Ndeke House, Haile Selassie Road Lusaka in Lusaka Province for Local Manufacturing of Medicines and to recognize the existing collaboration between the Zambian Government and Akums in the field of medicines and medical supplies and to strengthen collaboration between the entities." 

1:01 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty gain

Stock Market LIVE Updates: Indian benchmark equity indices gained, after opening lower on Friday.

At 1 PM, the BSE Sensex was up 224 points, or 0.28 per cent, at 81,230, while the Nifty 50 was at 24,840, up 90 points, or 0.37 per cent.

 

12:49 PM

Stock Market LIVE Updates: This recently listed stock has zoomed 98% against issue price in 2 weeks

Stock Market LIVE Updates: Shares of Diffusion Engineers surged 12 per cent to Rs 333.20 on the BSE in Friday’s intra-day trade amid heavy volumes. The stock was trading at its highest level since listing on October 4, 2024. Currently, it quotes 98 per cent over its issue price of Rs 168 per share. In comparison, the BSE Sensex was up 0.12 per cent at 81,101 at 12:03 pm. READ MORE

 

12:35 PM

Stock Market LIVE Updates: Here's why Western Carriers share price gained 4% on October 18, details

Stock Market LIVE Updates: Share of Western Carriers gained up to 3.88 per cent to hit an intraday high of Rs 151.05 per share on Friday, October 18, 2024. 

The uptick in Western Carriers share price came after the company announced that it has been selected as the sole supply chain partner for in-plant logistics & container rake transportation from Tata Steel Limited for Tata Steel Sponge Iron Joda ('TSSIJ’) unit. READ MORE

 

12:22 PM

Stock Market LIVE Updates: Mazagon Dock up 7% as co to consider stock split, dividend on October 22

Stock Market LIVE Updates: Shares of shipbuilding company Mazagon Dock Shipbuilders soared up to 7.11 per cent to hit an intraday high of Rs 4,542 per share on Friday, October 18, 2024. 

 

The uptick in the share price came after the company announced that the board of directors will meet on October 22 to consider stock-split and declaration of interim dividend for the financial year 2024-25. READ MORE

 

12:09 PM

Stock Market LIVE Updates: Infosys share price slips 4.5% despite raising FY25 guidance; here's why

Stock Market LIVE Updates:  Share of information technology (IT) giant Infosys slipped up to 4.50 per cent to hit an intraday low of Rs 1,880.80 per share on Friday, October 18. 2024. The fall in the share price came after the management revised its revenue guidance for FY25 to 3.75 per cent-4.5 per cent (vs 3-4 per cent earlier), indicating a muted quarter-on-quarter growth for the second half of the year. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty climb into green

Stock Market LIVE Updates: Indian benchmark equity indices were trading marginally higher, in the positive zone on Friday.

At 12 PM, the BSE Sensex was up 33 points, or 0.04 per cent, at 81,040, while the Nifty 50 was at 24,788, up 38 points, or 0.16 per cent.

 

12:00 PM

Stock Market LIVE Updates: MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?

Stock Market LIVE Updates: Shares of city gas distributors (CGDs) -- Mahanagar Gas (MGL) and Indraprastha Gas (IGL) – plunged up to 14 per cent on the BSE in Friday's intraday trade. The shares came under heavy selling pressure after a 20-per cent ad hoc reduction in allocation of cheap Administrative Price Mechanisms (APM) gas for the compressed natural gas (CNG) segment w.e.f. October 16, 2024, worried investors. READ MORE

 

11:26 AM

Stock Market LIVE Updates: Nitco shares hit 5% upper circuit; Here's what's driving the stock higher

Stock Market LIVE Updates: Nitco shares advanced 5 per cent on Friday, October 18, and froze in upper circuit at Rs 120.87 per share on the BSE. The stock gained after the company informed that it has signed a one time settlement (OTS) with Life Insurance Corporation of India (LIC) for its debt facilities. Apart from that, it has also sigend a memorandum of intent of settlement with its financial creditor Authum Investment and Infrastructure. READ MORE

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty off day's lows, trade in red

Stock Market LIVE Updates: Indian benchmark equity indices were trading lower on Friday, amid continued selling by FIIs during October, which has weighed on market performance for the month.

At 11 AM, the BSE Sensex was down 142 points, or 0.18 per cent, at 80,864, while the Nifty 50 was at 24,723, down 26 points, or 0.11 per cent.

 

11:00 AM

Stock Market LIVE Updates: Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

Stock Market LIVE Updates: The Nifty October futures declined 0.8 per cent in trades yesterday alongside a 1.4 per cent decline in open interest (OI).

At present, the Nifty is at a crucial 'make or break' point on the daily chart, with the 24,700 – 24,600 zone, which aligns with the 89-EMA, acting as key support, said Rajesh Bhosale, Equity Technical Analyst at Angel One in a note. READ MORE