Stock Market Highlights, Sept 02: Markets post record close; Sensex tops 82,550, Nifty near 25,300

Stock Market highlights: 27 out of 50 constituent stocks of Nifty50 ended higher, with gains led by Bajaj Finserv, Bajaj Finance, HCL Tech, Hero MotoCorp, and SBI Life Insurance

4:18 PM

Stock Market Comment :: Nifty trend might remain sideways to negative below 25,300'

Heavy call writing was observed at the 25,300 strike, and overall, call writers significantly outnumbered put writers throughout the day. In the near term, the trend might remain sideways to negative as long as it stays below 25,300. On the lower end, however, the correction may be limited to 25,000, where significant put writing has been observed.

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

3:46 PM

Rupee Update on Monday :: Rupee ended 5 paise weaker vs US dollar today

>> Indian Rupee fell 5 paise to end at 83.925 per US dollar vs Friday's close

3:44 PM

Stock Market Closing Bell LIVE Updates :: BSE MidCap, SmallCap indices end in red

>> BSE MidCap index slipped 0.03 per cent, while the BSE SmallCap index fell 0.47 per cent on Monday

3:41 PM

Stock Market Closing Bell LIVE Updates :: IT, FMCG, PSU Bank indices rise

>> On the NSE, sectoral indices ended mixed

>> IT, FMCG, Banks, and Financials advanced while Realty, Metal, Pharma indices declined
 

3:38 PM

Stock Market Closing Bell LIVE Updates :: Bajaj twins lead rally, TaMo, M&M, Airtel weigh

>> 13 stocks slipped in trade on Sensex on Monday, while 17 stocks gained

>> Apart from Bajaj twins, HCL Tech, IndusInd Bank, ITC, Ultratech Cement, Axis Bank, and Infosys were the top gainers 

3:37 PM

Stock Market Closing Bell LIVE Updates :: Nifty ends range-bound session below 25,300

>> Nifty50 ends at 25,278.70, up 42.80 points or 0.17% on Monday

>> It hit an intraday record high of 25,333.65

3:35 PM

Stock Market Closing Bell :: Sensex ends with near 200-point gain

>> BSE Sensex clocks record closing high on Monday, Sept 2

>> BSE Sensex ends at 82,559.84, up 194.07 points or 0.24%

>> BSE Sensex hit an intraday record high of 82,725.28

3:21 PM

Stock Market LIVE Updates: Premier Energy IPO listing prediction: Will strong GMP fuel 100% returns?

Premier Energies listing price prediction:The unlisted shares of solar photovoltaic (PV) cell maker Premier Energies, which are set to debut on the bourses on Tuesday, September 3, 2024, continue to command a significant grey market premium (GMP) ahead of listing.  According to market sources tracking grey market activity, Premier Energies' shares are trading at a premium of Rs 470, representing a 104.44 per cent increase over the upper end of the IPO issue price of Rs 450.  READ MORE

 

3:05 PM

Stock Market LIVE Updates: Agri-Tech (India) announces the schedule its next AGM

Agri-Tech (India) in the exchange filing has said that the, "31st Annual General Meeting of the Company scheduled to be held on Wednesday September 25,  2024, and the record date is Friday September 20,  2024 for the same."

2:50 PM

Stock Market LIVE Updates: Gujarat State Petronet rebounds 13% on heavy volumes; zooms 47% in 11 days

Gujarat State Petronet (GSPL) share price today moved higher by 6 per cent to hit a new high of Rs 469.60 per share on the BSE on Monday. GSPL share price bounced back 13 per cent from its intraday low of Rs 415.85 (down 6 per cent intraday) amid heavy volumes. READ MORE

 

2:40 PM

Stock Market LIVE Updates: Bajaj Finance, Bajaj Finserv lead gains on the Nifty50

Stock Market LIVE Updates: The gain on the NSE Nifty50 is led by Bajaj Finance, Bajaj Finserv, HCL Tech, Bajaj Auto, and Hero MotoCorp, while Hindalco, Dr Reddy's Labs, Tata Motors, Bharti Airtel, and ONGC are dragging the index.

 

2:25 PM

Stock Market LIVE Updates: Shivalik Bimetal Board to meet on Sep 26, to mull dividend payment

Stock Market LIVE Updates: Shivalik Bimetal Controls, in an exchnage filing has informed the bourses that the company's board will meet on September 26, 2024, to confirm the payment of interim dividend, and to declare final dividend on equity shares for the financial year ended March 31, 2024.

2:10 PM

Stock Market LIVE Updates: The Anup Engg stock rises 4%, hits 52-week high on pact with Graham Corp

The Anup Engineering shares hit their 52-week high at Rs 2,289.15 per share, soaring 3.91 per cent in intraday deals. The stock price of Anup Engineering jumped after the company entered into a strategic manufacturing and supply agreement with Graham Corporation, a US based critical equipment firm. READ MORE

 

2:03 PM

Stock Market LIVE Updates: Sensex, Nifty trade marginally higher

Stock Market LIVE Updates: Having pared the gains from their all-time high openings on Monday, Indian benchmark indices BSE Sensex and Nifty 50 were trading marginally higher.

At 2:00 PM, the BSE Sensex was at 82,482.53, up by 0.14 per cent, while the Nifty 50 was at 25,254.70, ahead by 0.07 per cent. 

 

1:59 PM

Stock Market LIVE Updates: Nomura lowers its FY25 economic growth forecast for India to 6.7%

Stock Market LIVE Updates: Nomura lowered its FY25 economic growth forecast for India to 6.7 per cent year-on-year from 6.9 per cent after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. READ MORE

 

 

1:52 PM

Stock Market LIVE Updates: Sebi chief Buch says market regulator has reorganised itself to drive inclusivity

Stock Market LIVE Updates: Talking about the agenda of financial inclusion, Sebi chief Buch, said the markets regulator aims to move towards a paradigm where corporate filings and other documents become available in different languages and formats.

1:46 PM

Stock Market LIVE Updates: Sebi chief Buch emphasises consultation between regulators and market participants

Stock Market LIVE Updates: Sebi chief Buch, speaking at the CII Summit on ‘Financing 3.0’,  emphasized the role of consultations between regulators and market participants to come up with robust regulations.

1:44 PM

Stock Market LIVE Updates: Sebi chief Buch says tech and market complexity to drive markets

Stock Market LIVE Updates: Sebi chief Buch highlighted how market participants are leveraging tech to serve various needs, while various asset classes are catering to the investment needs of varied investors. 

1:41 PM

Stock Market LIVE Updates: Sebi Chief Madhabi Puri Buch says MF industry close to launching Rs 250 SIP

Stock Market LIVE Updates: Sebi chief Buch said a Rs 250 SIP is going to be important from an inclusion point of view.  

1:31 PM

Stock Market LIVE Updates: How to trade newly crowned Navratnas: RailTel, SJVN, NHPC

Stock Market LIVE Updates: Shares of SJVN, RailTel and NHPC rallied up to 5 per cent in intra-day deals on Monday, after the Indian government granted the four Central Public Sector Enterprises (CPSEs), including Solar Energy Corporation of India to 'Navratna' status. 

The Navratna status empowers companies with faster decision-making in areas such as capital expenditure, investments in joint ventures, subsidiaries and increased efficiency; thus giving these select CPSEs comparative advantages to help them become global giants. READ MORE

 

1:13 PM

Stock Market LIVE Updates: HCL Tech's market cap nears Rs 5 trillion; stock zooms 46% from June low

Stock Market LIVE Updates: Shares of HCL Technologies hit a new high of Rs 1,805, surging 3 per cent on the BSE in Monday’s intra-day trade on healthy business outlook.

In the past six trading days, HCL Tech's stock has rallied nearly 9 per cent after the company extended its agreement with Xerox "to drive innovation with AI and digital engineering". READ MORE

 

1:00 PM

Stock Market LIVE Updates: Sales of electric vehicles in August decline 13% to 156,199 units

Stock Market LIVE Updates: Sales of electric vehicles (EVs) fell by 13 per cent to 156,199 units in August. But despite this decline, August sales still represented the third-highest monthly total this year, following March and July, which saw 213,000 and 178,900 vehicles sold, respectively, according to Vahan data from the Ministry of Road Transport and Highways. READ MORE

12:53 PM

Stock Market LIVE Updates: Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Stock Market LIVE Updates: Maruti Suzuki India (MSI) has reduced the prices of select variants of its Alto K10 and S-Presso models, the company said in an exchange filing on Monday. "Maruti Suzuki has reduced the prices of certain variants of the Alto K10 and S-Presso, effective from today, 2nd September 2024," the filing said. READ MORE

 

12:47 PM

Stock Market LIVE Updates: Bazaar Style IPO: Subscription soars on Day 2, GMP up 20%; should you bid?

Stock Market LIVE Updates: The initial public offering (IPO) of Bazaar Style Retail continues to receive strong demand from investors on the second day of subscription. The IPO, which opened for public subscription on Friday, August 30, 2024, has received bids for 3,37,66,192 shares against the 1,50,30,116 shares offered via the public issue. READ MORE

12:45 PM

Stock Market LIVE Updates: Krystal Integrated Services inks partnership with Nicomac Taikisha Clean Rooms

Stock Market LIVE Updates: Krystal Integrated Services, a provider of integrated facility management solutions, has announced a strategic partnership with Nicomac Taikisha Clean Rooms Private Limited. This collaboration aims to enhance operational efficiency and service quality by deploying a workforce that are specialised in Contamination control, Sterilisation techniques, Clean room and Safety protocols to support Nicomac Taikisha's diverse operations.

12:42 PM

Stock Market LIVE Updates: Ramkrishna Forgings sells hospitality management biz to focus on core competencies

Stock Market LIVE Updates: Ramkrishna Forgings has announced that it has entered into Share Purchase Agreement to sell 100 per cent stake in its Wholly-owned Subsidiary, Globe All India Services Limited, to Yatra Online Limited, for a cash consideration of Rs 128 crore (net of debt). 

12:40 PM

Stock Market LIVE Updates: Nomura lowers its FY25 economic growth forecast for India to 6.7%

Stock Market LIVE Updates: Nomura lowered its FY25 economic growth forecast for India to 6.7 per cent year-on-year from 6.9 per cent after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. India's GDP rose 6.7 per cent, less than the 6.9 per cent forecast by a Reuters poll and the 7.8 per cent growth in the previous quarter, as a decline in government spending during national elections weighed. READ MORE

12:39 PM

Stock Market LIVE Updates: Eye on FDI, Centre to ask state govts for investment-friendly reforms

Stock Market LIVE Updates: To promote competition among states in attracting foreign investments, the Centre plans to urge states to enhance access, reduce compliance burdens, reform land and building regulations, and improve infrastructure such as power supply and law enforcement, according to a report by The Financial Express (FE). READ MORE

 

12:37 PM

Stock Market LIVE Updates: Ethanol blending has saved Rs. 99,000 crore forex since 2014, says Puri

Stock Market LIVE Updates: India's ethanol blending programme has achieved 15 per cent blending in 2024, leading to foreign exchange savings worth Rs 99,014 crore over the past 10 years, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday. READ MORE

12:28 PM

Stock Market LIVE Updates: CESC soars 3% on incorporating new subsidiary in renewable power sector

Stock Market LIVE Updates: CESC stock price surged up to 3.2 per cent at Rs 200.60 per share on the BSE in Monday’s intraday trade. This came after the company’s subsidiary Purvah Green Power established a wholly owned subsidiary named Greenpulse Power. The incorporation was completed on August 28, 2024, the company said in an exchange filing on Monday. READ MORE