Stock Market Highlights: Sensex dips 420 pts, Nifty ends below 23,350; Adani, PSU bank shares tank

Stock Market Highlights: 37 of the Nifty50's 50 constituent stocks ended in the red, dragged by Adani Enterprises, Adani Ports, SBI Life, SBI, and NTPC, with losses of up to 23.44 per cent

3:50 PM

Stock Market Highlights LIVE Updates: A fall below 23,200 level could trigger a correction in the market

Following a weak start, Nifty traded within a narrow range throughout the day. The index remained below the 200-DMA, indicating persistent weak sentiment in the market. The RSI indicator has reentered a bearish crossover, further supporting the negative sentiment. 

In the short term, sentiment remains weak, with support placed at 23,200. A fall below this level could trigger a correction in the market. On the upside, resistance is placed at 23,550; a decisive move above this level might induce a rally in the market.

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

3:45 PM

Stock Market Highlights LIVE Updates: FII selling surges again, adversely affecting market sentiment

The domestic market faced renewed pressure due to escalating tensions in the Russia-Ukraine conflict and heightened the nuclear concerns. Additionally, the fresh Adani case with the US DoJ added to the market's woes.

Although there were signs of a slowdown in FII selling, it surged again, adversely affecting market sentiment particularly financials sector. We expect an improvement in the trend when global & domestic political issues stabilise.

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

3:44 PM

Stock Market Highlights LIVE Updates: Powergrid, Ultratech Cement, Hindalco rise on NSE

Powergrid, Ultratech Cement, and Hindalco were among the top five gainers on the NSE.

3:41 PM

Stock Market Highlights LIVE Updates: Broader indices end in red

The BSE SmallCap index slipped 0.67 per cent, while the BSE MidCap index lost 0.37 per cent at close on Thursday.

3:40 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank, Metal lose among sectors

Among sectors, Nifty PSU Bank and Nifty Metal were among the top losers, declining over 2 per cent each at close on Thursday.

3:38 PM

Stock Market Highlights LIVE Updates: 20 out of 30 stocks end in red on Sensex

Adani Ports, SBI, NTPC and ITC were among the 20 stocks that closed in red on Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Sensex closes over 400 pts down

The BSE Sensex closed at 77,155 level, down 422 points or 0.54 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Nifty ends at 23,350

NSE's Nifty50 closed at 23,350 level, down 168 points or 0.72 per cent.

3:20 PM

Stock Market LIVE Updates: Honasa Consumer stock hits 10% lower limit; down 36% in 3 days post Q2 show

Shares of Honasa Consumer, the parent of skincare Mamaearth, hit a new low at Rs 237.40, and were locked in the 10 per cent lower circuit on the BSE in Thursday’s intra-day trade amid heavy volumes. The selling pressure was witnessed even as the company denied the recent misinformation being spread by All India Consumer Products Distributors Federation (AICPDF) around the company’s practices with its distributors and distribution transition. Read more

3:14 PM

Stock Market LIVE Updates: DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Shares of Avenue Supermarts (DMart), Tata Consumer Products, Asian Paints, Indraprastha Gas (IGL), Bandhan Bank and IndusInd Bank from the BSE200 index have hit their respective 52-week lows, falling around 4 per cent each on the BSE in Thursday’s intra-day trade. 

 

Adani Group stocks Adani Energy Solutions (down 20 per cent at Rs 697.70) and Adani Wilmar (10 per cent at Rs 294.40), which are also a part of the BSE200 index, have hit their 52-week lows after Gautam Adani, along with others, were formally charged by US prosecutors for allegedly bribing ($250 million) Indian officials. Read more

3:12 PM

Stock Market LIVE Updates: One 97 Communications stock gains 3% as Paytm unveils UPI International

Shares of fintech giant One 97 Communications, owner of digital payment platform Paytm, jumped 3.02 per cent to the day's high of Rs 839.30 on the BSE during intra-day deals on Thursday.

 

The northward move in the stock price is fueled by the news that the company has launched UPI International, allowing Indian travelers to make Unified Payments Interface (UPI) transactions in the 6 foreign counrties. The new feature allows users to make cashless payments using the Paytm app in the Singapore, France, UAE, Mauritius, Bhutan, and Nepal. Read more

3:05 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was at 77,110.81, down 467 points, or 0.60 per cent, while the Nifty 50 was at 23,330.70, down 187 points, or 0.8 per cent.

2:56 PM

Stock Market LIVE Updates: DMart, Tata Consumer, Asian Paints, IGL from BSE200 index hit 52-week lows

Stock Market LIVE Updates: Shares of Avenue Supermarts (DMart), Tata Consumer Products, Asian Paints, Indraprastha Gas (IGL), Bandhan Bank and IndusInd Bank from the BSE200 index have hit their respective 52-week lows, falling around 4 per cent each on the BSE in Thursday’s intra-day trade. READ MORE

 

2:45 PM

Stock Market LIVE Updates: Strides Pharma rises 4% after NCLT nods creation of OneSource

Stock Market LIVE Updates: Strides Pharma shares advanced 3.5 per cent and registered an intraday high of Rs 1,442 per share. The buying interest in the stock came after the National Company Law Tribunal (NCLT) gave nod for the scheme of arrangement to create OneSource.

 

Around 1102 AM, Strides Pharma shares were up 2.48 per cent to Rs 1,427 per share on BSE. In comparison, the BSE Sensex was down 0.69 per cent at 77,043.33. READ MORE

 

2:32 PM

Stock Market LIVE Updates: UPL shares rally after Alpha Wave Global buys 12% stake in subsidiary

Stock Market LIVE Updates: Shares of agrochemical firm, UPL gained up to 3 per cent at Rs 563.30 a piece on the BSE in Thursday’s intraday deals after the company on Tuesday announced an investment of $350 million by Alpha Wave Global, a leading global investment firm.

 

UPL, the agriculture solutions provider said that it has signed an definitive agreement with the investment firm under which Alpha Wave Global will invest $350 million to acquire approximately 12.5 per cent stake in Advanta Enterprises, a subsidiary of UPL. READ MORE

 

2:14 PM

Stock Market LIVE Updates: 'Baseless': Adani Group denies US SEC $265 million bribery allegations

Stock Market LIVE Updates: The Adani Group has strongly rejected recent allegations made by the United States Securities and Exchange Commission (SEC) and the US Department of Justice, following charges of fraud and bribery involving several key figures from the conglomerate. In a statement, the group described the allegations as “baseless and denied.”

 

A spokesperson for the group emphasised that the charges were merely allegations, stating that the US Department of Justice has acknowledged that “the defendants are presumed innocent unless and until proven guilty.” READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 2 PM, the BSE Sensex was at 77,130, down 448 points, or 0.58 per cent, while the Nifty 50 was at 23,337, down 170 points, or 0.73 per cent.

1:55 PM

Stock Market LIVE Updates: This microcap stock jumped 11% to 52-week high ahead of ex-dividend date

Stock Market LIVE Updates: Shares of textile company Premco Global climbed 10.89 per cent to hit a 52-week high of Rs 637 on the BSE during intra-day trade on Thursday.  The uptick in the stock price follows the company's announcement of a special dividend reward for its shareholders. Notably, the company's stock will trade ex-dividend date tomorrow, November 22, 2024. READ MORE

 

1:55 PM

Stock Market LIVE Updates: What is the US SEC and its Indian counterpart Sebi in market regulation?

Stock Market LIVE Updates: Adani Group Chairman Gautam Adani has been charged by the US over an alleged $265 million bribery and fraud scheme. US prosecutors claim Adani, his nephew Sagar Adani, and six others bribed Indian government officials to secure solar energy supply contracts, yielding $2 billion in profits over 20 years. READ MORE

1:54 PM

Stock Market LIVE Updates: 'Baseless': Adani Group denies US SEC $265 million bribery allegations

Stock Market LIVE Updates: The Adani Group has strongly rejected recent allegations made by the United States Securities and Exchange Commission (SEC) and the US Department of Justice, following charges of fraud and bribery involving several key figures from the conglomerate. In a statement, the group described the allegations as “baseless and denied.” READ MORE

 

1:48 PM

Stock Market LIVE Updates: Here's why Zaggle Prepaid shares were locked in 5% upper circuit today

Stock Market LIVE Updates: Zaggle Prepaid Ocean Services (Zaggle) shares soared as much as 5 per cent to hit the upper circuit at Rs 461.20 per share on Thursday, November 21, 2024. The Zaggle share price rose after the company announced that it has entered into an Supplier Framework Agreement with Strada India Private Limited. READ MORE

1:38 PM

Stock Market LIVE Updates: Reserve Bank defends forex policy as India attempts to avert global risks

Stock Market LIVE Updates: India is trying to keep its currency stable to ensure the economy is insulated from global spillovers and financial stability risks, according to the nation’s central bank. The level of the rupee is determined by demand and supply in the market, which is reflective of the macro fundamentals of the economy, Reserve Bank of India officials including Deputy Governor Michael Patra wrote in their monthly bulletin Wednesday. READ MORE

1:31 PM

Stock Market LIVE Updates: SEC charges Adani in $265 mn bribery scandal: Here are the key allegations

Stock Market LIVE Updates: Billionaire industrialist Gautam Adani, along with his nephew Sagar Adani and six other defendants, has been charged by the United States Securities and Exchange Commission (SEC) in an alleged bribery and fraud scheme worth millions of dollars. READ MORE

1:25 PM

Stock Market LIVE Updates: Power Grid shares zoom on securing power transmission project in Gujarat

Stock Market LIVE Updates: Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday’s intraday deals after the company was selected as the successful bidder for acquiring Khavda V-A Power Transmission Ltd, a special purpose vehicle (SPV) to establish a transmission system for evacuating power from a renewable energy zone in the Khavda area of Gujarat for Rs 18.95 crore.  READ MORE

1:19 PM

Stock Market LIVE Updates: Indian stocks to stay flat 3 months as earnings, valuations weigh: Goldman

Stock Market LIVE Updates: Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said.

 

The Wall Street brokerage, which remains tactically "marketweight" on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next three months, implying a gain of a little under 3 per cent from current levels. READ MORE

 

 

1:08 PM

Stock Market LIVE Updates: This PSU metal stock has zoomed 170% in one year; trades at new high

Stock Market LIVE Updates: Shares of National Aluminium Company (NALCO) continued their upward movement and hit a new high at Rs 252.65 - up 5 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market.

In the past three days, the stock of the metal company has surged 15 per cent after China said it would cancel export tax rebates. In comparison, the BSE Sensex was down 0.53 per cent at 77,167 at 12:03 pm. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower; Rupee hits record low

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 1 PM, the BSE Sensex was at 77,016, down 562 points, or 0.72 per cent, while the Nifty 50 was at 23,311, down 206 points, or 0.88 per cent.

 

12:47 PM

Stock Market LIVE Updates: US charges on Adani Group chief & others are credit negative: Moody's

Stock Market LIVE Updates: Following the US indictment of Adani Group’s chairman and other senior officials on bribery charges, rating agency Moody’s on Thursday said such charges are credit negative for the group’s companies.

 

“Our main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices,” Moody’s said in a statement. READ MORE

 

12:37 PM

Stock Market LIVE Updates: NBCC (India) share falls over 3%; Rs 202 cr-order win fails to cheer stock

Stock Market LIVE Updates: Shares of construction major NBCC (India) dropped up to 3.39 per cent to hit an intraday low of Rs 86.69 per share on Thursday, November 21, 2024.

 

The NBCC (India) share fell despite the company bagging a Rs 202 crore order from Rajasthan State Industrial Development & Investment Corporation Limited (RIICO). READ MORE

 

12:23 PM

Stock Market LIVE Updates: NTPC Green IPO crosses halfway mark on Day 2: GMP stays green; Subscribe?

Stock Market LIVE Updates: The initial public offering (IPO) of NTPC Green Energy, the renewable energy arm of state-owned NTPC, opened for subscription on Tuesday, November 19, 2024, and has received a decent response from investors.

According to data from the National Stock Exchange (NSE), the NTPC Green IPO had garnered an overall subscription of 0.50 times by 11:48 AM on Thursday. READ MORE