Stock Market Close Highlights: Sensex settles flat at 79,496, Nifty at 24,141; IT, banks lead

Stock Market Today: 30 out of the 50 constituent stocks ended in the red, dragged down by Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC, with losses extending up to 8 per cent

4:03 PM

Stock Market Highlights LIVE Updates: Underlying trend of Nifty remains choppy with weak bias

After showing upmove in the last couple of sessions, Nifty witnessed high volatility on Monday and closed the day lower by 06 points. Nifty opened on a negative note and slipped into further weakness soon after the opening. Sharp intraday upside recovery was seen from the low of 24K mark in the early-mid part, but the market was not able to sustain the upside bounce and slipped into weakness from the highs in the afternoon to later part of the session.

 

A small bullish candle was formed on the daily chart with long upper shadow. Technically, this pattern is indicating an inability of bulls to sustain the upside bounce. Though, market declined in the last couple of sessions, the sharp downside momentum was absent. This market action could bring some hopes for bulls to make a comeback from the lows.

 

The underlying trend of Nifty remains choppy with weak bias. The market is moving in a broader high low range of 24600-23800 levels. Having declined from the upper range recently, Nifty is expected to witness upside bounce from near the lower range of 23800 levels in the short term. Immediate resistance to be watched around 24300.

(View by: Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities)

3:54 PM

Stock Market Highlights LIVE Updates: Actions of FIIs are dominating the current market momentum

The actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy. The risk of further downgrades in Nifty earnings casts clouds over investor sentiment, while the IT sector continued to outperform due to the strong US dollar and in anticipation of a revamp in US IT spending. India is also looking forward to the CPI data with a muted view as food prices are likely to be higher on MoM basis, essentially forging RBI to hold the interest rates in the short-term.

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

3:50 PM

Stock Market Highlights LIVE Updates: Powergrid, Trent gain on NSE

Powergrid, Trent, and HCL Tech were among the top gainers on NSE.

3:44 PM

Stock Market Highlights LIVE Updates: Nifty Media, Metal, Healthcare lose among sectors

Nifty Media, Nifty Metal and Nifty Healthcare index were among the top losers among sectoral trends. 

3:41 PM

Stock Market Highlights LIVE updates: Broader markets bleed

The BSE MidCap index fell 0.79 per cent, while the BSE SmallCap index slipped 1.14 per cent. 

3:38 PM

Stock Market LIVE Updates: 18 out of 30 stocks in red

Asian Paint, Bajaj Finance and M&M were the top losers on BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty closes below 24,150

NSE's Nifty50 closed at 24,123 level, down 25 points or 0.10 per cent on Monday.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex ends flat at 79,496

The BSE Sensex closed on a flat note with a negative bias on Monday at 79,496 level, up 9 points or 0.01 per cent.

3:28 PM

Stock Market LIVE updates: Equity inflows at Rs 41,865.4 cr in Oct vs Rs 34,393 crore in Sept

In October, equity inflows totaled Rs 41,865.4 crore, compared to Rs 34,393 crore in September. Large-cap funds saw inflows of Rs 3,452.3 crore, up from Rs 1,769 crore in the previous month, while small-cap funds attracted Rs 3,772 crore, an increase from Rs 3,071 crore. Gross SIP inflows also rose to Rs 25,323 crore, up from Rs 24,509 crore in September.

3:15 PM

Stock Market LIVE updates: Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance

Power Grid Corporation of India shares rallied 5 per cent to Rs 332 on the BSE in Monday’s intra-day trade amid heavy volumes on healthy outlook. The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion. Read more

3:04 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was down 28 points, or 0.04 per cent, at 79,457; while the Nifty 50 was at 24,119, down by 29 points, or 0.12 per cent.

 

2:54 PM

Stock Market LIVE Updates: This Rekha Jhunjhunwala portfolio stock nears record low; down 29% in 2 mth

Stock Market LIVE Updates: Star Health and Allied Insurance Company shares continued their downward trend, hitting a 52-week low of Rs 463, falling 4 per cent on the BSE in Monday’s intra-day trade in an otherwise firm market. 

 

The fall in the share price came on the back of weak earnings in the second quarte-ended September 2024 (Q2FY25). READ MORE

 

2:46 PM

Stock Market LIVE Updates: Delhivery, RBL Bank, PNB HF: Trading guide in stocks MFs raised stake in Q2

Stock Market LIVE Updates: Domestic Institutional Investors, namely the mutual funds (MFs), have been aggressive buyers in the Indian stock market thus far in the fiscal year 2024-25. Data from Sebi (Securities Exchange Board of India) shows that MFs have net bought shares worth Rs 2.85 lakh crore so far in FY25; with a record net purchases worth Rs 89,740 crore in October alone. As per the Sebi data, MFs were net buyers of stocks to the tune of Rs 86,381 crore in Q2FY25, the quarter ended September 2024. READ MORE

2:38 PM

Stock Market LIVE Updates: October Mutual Fund data

Stock Market LIVE Updates: October equity inflow stood at Rs 41,865.4 crore. The October large cap fund inflow came in at Rs 3,452.3 crore while October SmallCap fund inflow stood at R 3,772 crore

 

 

2:28 PM

Stock Market LIVE Updates: G R Infra rises 3% on emerging L1 bidder for BSNL's Bharat Net project

Stock Market LIVE Updates: G R Infraprojects shares rose 3.4 per cent in trade and registered an intraday high of Rs 1653.4 per share on BSE. The stock climbed after the company was declared as the lowest bidder (L1) in Bharat Sanchar Nigam's (BSNL) Bharat Net Ph‐3.

Around 1:23 PM, G R Infraprojects shares were up 2.24 per cent at Rs 1634.05 per share on BSE. In comparison, the BSE Sensex was up 0.29 per cent at 79,716.32. The market capitalisation of the company stood at Rs 15,804.77 crore. READ MORE

 

2:25 PM

Stock Market LIVE Updates: Healthy Q2FY25 numbers boost KIMS shares 6%; details for investors

Stock Market LIVE Updates: Shares of Krishna Institute of Medical Sciences (KIMS) jumped 5.67 per cent to reach a 52-week high of Rs 603.45 on the NSE during intra-day trading on Monday. The uptick in the company's stock price follows healthy financial results for the second quarter of FY24, reported on Saturday, November 9, 2024.

 

The comapny's revenue from operations in the second quarter of FY25 stood at Rs 363.30 crore, up 15 per cent Year-on-Year (Y-o-Y) from Rs 316.20 crore reported in the corresponding quarter of the previous fiscal year, KIMS said in a regulatory filing. READ MORE

 

2:10 PM

Stock Market LIVE Updates: Retail ownership of Indian equities up 800bps in a decade: Morgan Stanley

Stock Market LIVE Updates: Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley.

 

This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty pare gains; trade in green

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, off from the day's high, were trading with muted gains amid mixed global cues. 

At 2 PM, the BSE Sensex was up 35 points, or 0.04 per cent, at 79,521; while the Nifty 50 was at 24,152, up marginally by 4 points, or 0.02 per cent.

 

1:42 PM

Stock Market LIVE Updates: Godfrey Phillips posts 23% jump in Q2 net profit at Rs 248 crore; shares up 4%

Stock Market LIVE Updates: Godfrey Phillips India today reported consolidated revenue from contracts with customers for Q2FY25 at Rs 1,640.30 crore, higher by nearly 20 per cent YoY from Rs 1,367.36 crore in the year ago period.

The company reported profit before tax at Rs 337.77, up 31.1 per cent from Rs 257.57 crore in the year ago period.

The company's profit for the period stood at Rs 248.31, up 22.9 per cent from Rs 202.06 crore in the year ago period.

 

1:30 PM

Stock Market LIVE Updates: Countdown begins! Niva Bupa IPO closes today: GMP up 4%; should you apply?

Stock Market LIVE Updates: The initial public offering (IPO) of health insurance provider Niva Bupa Health Insurance Company, which opened for public subscription on Thursday, November 7, 2024, will close today, Monday, November 11, 2024.  

 

Rs 2,200 crore public offering for Niva Bupa, comprising a fresh issue of 108,108,108 shares and an offer for sale (OFS) of 189,189,189 shares with a face value of Rs 10, has seen a decent response from investors so far, achieving 1.17 times subscription till around 10:12 AM on Monday, according to NSE data. READ MORE

 

1:28 PM

Stock Market LIVE Updates: Swiggy IPO allotment today: Check status, GMP, & expected listing price

Stock Market LIVE Updates: The basis of allotment for shares of the online food and grocery delivery platform Swiggy, as part of its IPO, is scheduled for today, Monday, November 11, 2024.

The three-day subscription window for bidding on the Swiggy IPO closed yesterday, receiving decent participation from investors.

The Rs 11,327.43 crore public offering of Swiggy, priced in a band of Rs 371-390 with a lot size of 38 shares, received bids for 57,53,07,992 shares against the 16,01,09,703 shares on offer, resulting in an oversubscription of 3.59 times by the last subscription date, according to NSE data. READ MORE

 

1:23 PM

Stock Market LIVE Updates: ACME Solar Holdings IPO allotment: Check status, GMP, likely listing price

Stock Market LIVE Updates: The basis of allotment for ACME Solar Holdings IPO shares is likley to be finalised today, Monday, November 11, 2024, after closing its public issue on November 8, 2024.

Availabe at a price band of Rs 275-289 per share, ACME Solar Holdings IPO garnered decent investor interest, with bids for 16,00,15,458 shares, surpassing the 5,82,03,223 shares on offer, resulting in an oversubscription of 2.75 times, according to NSE data. READ MORE

 

1:17 PM

Stock Market LIVE Updates: Alembic Pharmaceuticals gets USFDA nod for hypertension treatment capsules

Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic Diltiazem Hydrochloride extended-release capsules indicated for the treatment of hypertension. Read more

1:06 PM

Stock Market LIVE Updates: HFCL shares surge over 5% on securing Rs 8,100 cr projects in partnership

HFCL share price surged 5.5 per cent at Rs 132.30 per share on the BSE in Wednesday’s intraday deals. This came after HFCL along with its consortium partners emerged as the lowest bidders with multiple bids exceeding more than Rs 8,100 Crores for BharatNet Phase III Project.  Read more

1:03 PM

Stock Market LIVE Updates: 1 PM market update

At 1 PM, the BSE Sensex was up 284 points, or 0.36 per cent, at 79,770 ; while the Nifty 50 was at 24,234, up 80 points, or 0.33 per cent.

 

12:51 PM

Stock Market LIVE Updates: Juniper Hotels' Q2 loss widens to Rs 27.8 cr, from Rs 15.7 cr in year ago period

Stock Market LIVE Updates: Juniper Hotels reported revenue from operations at Rs 214.6 crore, up 27.4 per cent annually from Rs 168.5 crore in the year-ago period.

The company reported a profit before tax at Rs 19.9 crore, from a loss of Rs 27.3 crore in the year ago period.

However, the company's loss for the quarter widened to Rs 27.8 crore in Q2FY25, from Rs 15.7 crore in the year ago period.

 

12:45 PM

Stock Market LIVE Updates: Ashok Leyland up 4% after targeting Ebitda break-even for its arm in FY25

Stock Market LIVE Updates: Ashok Leyland shares advanced 3.7 per cent in trade and registered an intraday high of Rs 230.4 per share on BSE. The stock was in demand after Executive Chairman, Dheeraj Hinduja, told Business Standard that the company's financial position was "very comfortable" and it will continue to support Switch and Ohm. 

 

Switch Mobility and Ohm Global Mobility are both subsidiaries of the automobile company Ashok Leyland. READ MORE

 

12:36 PM

Stock Market LIVE Updates: China wrestles back top spot from India in MSCI Emerging Market IMI index

Stock Market LIVE Updates: China has stayed on top for two straight months in the MSCI Emerging Market Investable Market Index (MSCI EM IMI) index, after ceding the position to India in August.

 

At the end of October, China’s weight in the key EM gauge stood at 24.72 per cent, up from 21.58 per cent at the end of August. India’s weightage during this period has slipped to 20.42 per cent from 22.27 per cent. READ MORE

 

12:31 PM

Stock Market LIVE Updates: Devyani International's bottom-line slips into red with loss of Rs 4.9 crore

Stock Market LIVE Updates: KFC and Pizza Hut operator Devyani International today reported a nearly 50 per cent YoY jump in September quarter revenues at Rs 1,222.2 crore, compared to Rs 819.5 crore in the year ago quarter.

However, the company reported a loss before tax of Rs 3.9 crore in the September quarter, compared to a profit of Rs 19 crore in the year ago period.

The company's bottom line also slipped into the red, with a loss of Rs 4.9 crore, from a profit of Rs 35.8 crore in theyear ago period.

 

12:24 PM

Stock Market LIVE Updates: Here's what you need to know about China's $1.4 trillion debt package

Stock Market LIVE Updates: China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained from announcing direct economic stimulus. READ MORE