Stock Market Highlights, Sept 04: Sensex sheds 203 points, Nifty ends below 25,200; Banks, IT drag

Stock Market Highlights: 31 out of 50 constituent stocks of Nifty50 ended lower, dragged by Wipro, Coal India, ONGC, Hindalco, and LTIMindtree

4:05 PM

Stock Market Tech View :: 'Drop below 25,080 could trigger further correction in Nifty'

The Nifty broke its upward trend by falling below the trend line on the hourly chart. However, the index found initial support at the historical swing high. Going forward, the index might consolidate between 25,080 and 25,250. A drop below 25,080 could trigger further correction towards 24800-24750/24500; while a move beyond 25,236 might induce a rally toward higher level.

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

3:50 PM

Stock Market Comment :: Why did Sensex, Nifty fall today?

The warning signals from weak US manufacturing data added concerns about a potential slowdown in the US economy, which dragged the domestic indices.

Further, a sluggish Chinese outlook exacerbated the decline in oil price to a nine-month low. Due to a lack of major domestic triggers, the indices will take direction based on global cues.

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

3:47 PM

Rupee Closing Update :: Rupee ends mildly soft

>> Rupee ends 1 paise weak at 83.97 per US dollar

3:46 PM

Stock Market Closing Bell LIVE Updates :: Broader indices end mixed, SmallCaps outshine

>> BSE MidCap index slips 0.15 per cent, but the BSE SmallCap index added 0.26 per cent

3:43 PM

Stock Market Closing Bell LIVE Updates :: PSU Banks, IT stocks worst hit

>> FMCG, Pharma, Realty indices buck the weak market trend

>> PSU bank index falls 1.6%, IT 0.9%

3:42 PM

Stock Market Closing Bell LIVE Updates : ICICI Bank, SBI, Axis Bank drag Sensex

>> 19 of 30 index stocks fall

>> ICICI Bank, Axis Bank, SBI, M&M< Infosys, L&T, Tata Steel, and TCS were the top laggards

3:40 PM

Stock Market Closing Bell LIVE Updates :: Nifty ends below 25,200

>> NSE Nifty snaps 14-day winning run

>> Nifty hit intraday low of 25,083.80

3:37 PM

Stock Market Closing Bell LIVE Updates :: Sensex ends 203 points lower

>> The BSE Sensex ends over 200 points lower on Wednesday as weak global sentiment weighs

3:25 PM

Stock Market LIVE Updates: Stock in Focus - Airtel announces to deploy additional spectrum across Rajsthan

Stock Market LIVE Updates: Bharti Airtel, one of India’s leading telecommunications service providers, today, announced that it has completed the deployment of the additional spectrum it acquired in July 2024. 

Bharti Airtel shares were quoted trading at Rs1,563.15up, 0.17 per cent from its previous close of Rs 1,560.50 on the BSE. 

3:06 PM

Stock Market LIVE Updates: NCLT okays merger plan of this oil exploration company; shares surge 20%

Stock Market LIVE Updates: Shares of Oil & Gas Company, Deep Energy Resources, climbed as much as 20 per cent to hit the upper circuit of Rs 317.68 on the NSE, and Rs 316 on the BSE during intra-day deals on Wednesday. READ MORE

2:53 PM

Stock Market LIVE Updates: Natco Pharma stock rises 3% after subsidiary invests $8 mn in biotech firm

Stock Market LIVE Updates: Shares of Natco Pharma surged up to 2.61 per cent at Rs 1,568.75 per share on the BSE in Wednesday’s intraday deals. Natco Pharma share price rose after the company on Wednesday announced that its wholly owned Canadian subsidiary, NATCO Pharma Inc, has made an investment of $8 million in eGenesis, Inc, a biotechnology company. READ MORE

 

2:41 PM

Stock Market LIVE Updates: Asian Paints, Grasim lead; Wipro, Coal India drag

Stock Market LIVE Updates: Asian Paints, and Grasim Industries are leading gains on the NSE Nifty, while Wipro, Coal India are among the top laggards. 

2:30 PM

Stock Market LIVE Updates: Piramal Pharma hits record high in weak market; surges 12% on heavy volumes

Stock Market LIVE Updates: Piramal Pharma share price today:Shares of Piramal Pharma (PPL) hit a record high of Rs 216.58, surging 12 per cent on the National Stock Exchange (NSE), in Wednesday's intraday amid heavy volumes. As many as 43.42 million equity shares, representing 3.3 per cent of total equity of the pharma company, had changed hands on the NSE till 01:58 PM. By comparison, the Nifty 50 was down 0.40 per cent at 25,178.

 

2:19 PM

Stock Market LIVE Updates: AU Small Finance Bank applies for transition to Universal Bank; shares rise

Stock Market LIVE Updates: AU Small Finance Bank shares rose 2.3 per cent and registered an intraday high of Rs 692 on BSE on Wednesday, September 4. The buying interest sparked after the bank submitted an application to the Reserve Bank of India (RBI) to seek approval for the voluntary transition from a Small Finance Bank to a Universal Bank.

 

2:11 PM

Stock Market LIVE Updates: These 5 BSE A-group stocks look weak on charts; can slide up to 17%

Stock Market LIVE Updates: On Wednesday, the Sensex and the Nifty dropped nearly 1 per cent in intra-day deals amid weak cues from global peers. Market participants were expecting a price correction following a record 14-day rally in the NSE Nifty 50 index. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading in the red after opening significantly lower on Wednesday. 

At 2:00 PM, the BSE Sensex was down 275 points, or 0.33 per cent lower, at 82,279, while the Nifty 50 was at 25,177, down 101 points, or 0.4 per cent lower.   

1:55 PM

Stock Market LIVE Updates: Upcoming IPO alert: DAM Capital Advisors files DRHP with Sebi; details

Stock Market LIVE Updates: Upcoming IPO -  DAM Capital Advisors, one of the leading investment banks in India, is all set to launch its Initial Public Offering (IPO). 

The company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds through the process. 

DAM Capital Advisors, in a press release, has announced that its initial public offering comprises an offer for sale of up to 3.206 crore shares of the company. READ MORE

1:46 PM

Stock Market LIVE Updates: Minda Corp inks Technology Licensing Agreement with Sanco; stock up 2.6%

Stock Market LIVE Updates: Minda Corporation shares rose 2.6 per cent and touched an intraday high of Rs 589 on BSE in Wednesday's trade. The stock gained after the company signed a Technology Licensing Agreement with China-based auto equipment manufacturer Sanco.

As of 1 PM, shares of Minda Corp were up 0.31 per cent or Rs 1.75 at Rs 572.6 per share. The market capitalisation of the company at around the same time stood at Rs 13,689.69 crore. READ MORE
 

 

1:36 PM

Stock Market LIVE Updates: Godfrey Phillips shares slip 5% on 24Seven retail business sale report

Stock Market LIVE Updates: Shares of cigarette maker Godfrey Phillips fell as much as 4.81 per cent to hit an intraday low of Rs 6,291.60 per share on Wednesday, September 4, 2024.
 

However, at 1:22 PM, the share was trading 3.18 percent lower at Rs 6,399.30 per share. In comparison, the BSE Sensex was down 0.28 per cent at 82,327.03 levels. READ MORE

1:26 PM

Stock Market LIVE Updates: Airtel boosts 4G/5G network in Rajasthan after deploying additional spectrum

Stock Market LIVE Updates: Bharti Airtel subsidiary Bharti Hexacom today announced that it has completed the deployment of the additional spectrum, in Rajasthan, which it had acquired in July 2024. 

The deployment of additional 5MHz on the 1800 band and additional 4Mhz on the 900 band will give a boost to Airtel’s 5G/4G network capacities which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas in the state, the company said in an exchange filing.

1:14 PM

Stock Market LIVE Updates: Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition

Stock Market LIVE Updates: Defence stocks traded in the positive territory on Wednesday, September 4, defying the overall weakness in the market. 

On BSE, Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, and Space Technologies, Hindustan Aeronautics (HAL), Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained between 0.27 per cent and 3.32 per cent in intraday deals. READ MORE

1:03 PM

Stock Market LIVE Updates: 1 PM market update

Stock Market LIVE Updates: Off from their intra-day lows, Indian equity benchmark indices BSE Sensex and Nifty 50 continued to trade in the red, dragged down by a wider sell-off in global markets. 

Around 1:00 PM, The BSE Sensex was down 396 points, or 0.48 per cent, at 82,158, while the Nifty 50 was at 25,134, down 145 points, or 0.57 per cent. 

12:52 PM

Stock Market LIVE Updates: IPO market booms in August, Rs 17,047 cr raised across 10 major listings

Stock Market LIVE Updates: In a significant boost to the Indian primary markets, August witnessed a sharp surge in initial public offering (IPO) activity, reaching its highest level in over two years.

A total of 10 companies successfully raised a cumulative Rs 17,047 crore, marking the largest monthly fundraising since May 2022, according to a report by Moneycontrol. READ MORE

 

12:41 PM

Stock Market LIVE Updates: Here's why Rama Steel Tubes shares rallied 14% on September 4; details here

Stock Market LIVE Updates: Rama Steel Tubes shares zoomed as much as 13.68 per cent to hit an intraday high of Rs 11.96 per share on Wednesday, September 4, 2024. READ MORE

 

 

12:27 PM

Stock Market LIVE Updates: Mankind Pharma shares gain after OTC biz transfer to subsidiary; details

Stock Market LIVE Updates: Mankind Pharma’s stock price gained up to 2.41 per cent at Rs 2451.95 per share on the BSE in Wednesday’s intraday deals.

Mankind Pharma share price surged after the company on Tuesday completed a business transfer agreement (BTA) to shift its over-the-counter (OTC) business to its wholly owned subsidiary, Mankind Consumer Products Private Limited (MCPPL), via a slump sale. READ MORE

 

12:12 PM

Stock Market LIVE Updates: Gala Precision IPO GMP soars on last bidding day; should you apply today?

Stock Market LIVE Updates: The initial public offering (IPO) of Gala Precision Engineering continues to garner a favourable response from investors, with the issue being oversubscribed 76.61 times so far, led by Non-Institutional Investors (NIIs) who bid for a whopping 208.09 times. The Qualified Institutional Buyer (QIB) category recorded a 5.24 times subscription, while the retail category has been subscribed 60.56 times till 11:27 AM on Wendesday, as per the NSE data. READ MORE

12:10 PM

Stock Market LIVE Updates: Star Health in focus

Stock Market LIVE Updates: Star Health Insurance rolled out India's first insurance policy in Braille.

Source: BSE

12:09 PM

Stock Market LIVE Updates: This Dolly Khanna-owned stock has zoomed 263% in 3 month; stock at new high

Stock Market LIVE Updates: Shares of Pondy Oxides and Chemicals (POCL) hit a new high of Rs 2,173.90 and froze at 10 per cent upper circuit on the BSE on Wednesday at 11:09 AM, in an otherwise weak market. The stock of India’s leading recycling and manufacturing company is trading higher for the fourth straight day, surging 22 per cent during the period. In the past three weeks, the company's stock has rallied 60 per cent, while the market price of POCL has zoomed 263 per cent in the past three months. READ MORE

 

12:04 PM

Stock Market LIVE Updates: ICICI Securities raises Signature Global target price, sees 35% upside

Stock Market LIVE Updates: Domestic brokerage ICICI Securities has raised its target price for real estate developer Signature Global to Rs 1,905 per share, up from the previous target of Rs 1,707, reflecting a potential upside of 35 per cent. READ MORE

11:57 AM

Stock Market LIVE Updates: Nifty50 slips over 0.5%

Stock Market LIVE Updates: Nifty50 was trading 0.6 per cent lower at 25,127.55 levels.