Market Close Highlights, Oct 30: Sensex sheds 427pts, Nifty ends at 24,340; Smallcap stocks outshine

Stock Market Highlights: As many as 31 out of 50 constituent stocks ended in the red, dragged down by Cipla, Shriram Finance, Infosys, HDFC Life Insurance Company, and Trent

4:03 PM

Stock Market Highlights LIVE Updates: On the lower end, supports are placed at 24,250 and 24,000 for Nifty50

Nifty remained volatile throughout the day, trading within a range of 24,300 to 24,500. On the hourly chart, Nifty encountered resistance around the 50 EMA, leading to a correction toward 24,300. Sentiment may stay sideways as long as Nifty remains within the range of 24,250 to 24,500. A decisive breakout from this range is likely to give direction to Nifty. On the lower end, supports are placed at 24,250 and 24,000, while resistances are seen at 24,500 and 24,750.

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

 

4:01 PM

Stock Market Highlights LIVE Updates: Nifty has struggled to surpass the 24,500 resistance level

Markets experienced volatility and ended down nearly half a percent amid mixed signals. Following an initial dip, the Nifty moved within a range, ultimately closing near the lower end. Most sectors, except FMCG, declined, with banking, pharma, and IT leading the losses. However, broader indices showed resilience, with the small-cap index gaining over a percent.  

 

Nifty has struggled to surpass the 24,500 resistance level for the past three sessions due to mixed trends among heavyweights. We continue to recommend focusing on leading stocks in banking and IT for a decisive break above this level; otherwise, consolidation is likely to persist. In the meantime, traders should maintain a hedged approach and prioritize selective stock picking.

(View by: Ajit Mishra – SVP, Research, Religare Broking)

 

3:50 PM

Stock Market Highlights LIVE Updates: Domestic market remains cautious due to aggressive selling by FIIs

The domestic market remains cautious due to aggressive selling by FIIs. Positively, strong domestic inflows are supporting market resilience though volatility has markedly increased. Other EMs are also consolidating in anticipation of upcoming US economic data releases, elections, and the FOMC interest rate decision. Considering the weak Q2 domestic earnings and muted commentary, India's premium valuations are moderating.

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

 

3:45 PM

Stock Market Highlights LIVE Updates: Adani Ent, Hero MotoCorp gain on NSE

Adani Enterprises was the top gainer on NSE, followed by Hero MotoCorp, and Tata Consumer.

3:43 PM

Stock Market Highlights LIVE Updates: Nifty Financial, Pharma, Healthcare lead sectoral losses

Among sectors, Nifty Financial Services, Nifty Pharma and Nifty Healthcare led losses. 

3:38 PM

Stock Market Highlights LIVE Updates: BSE SmallCap index outperforms

The BSE SmallCap index surged 1.54 per cent, while BSE MidCap index closed marginally in green, up 0.04 per cent.

3:34 PM

Stock Market Highlights LIVE Updates: Heatmap check

Infosys, ICICI Bank and M&M ended as top losers on BSE Sensex.

3:34 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,350

NSE's Nifty settled at 24,340.85 level, down 125.99 points or 0.51 per cent on Wednesday.

3:31 PM

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

The BSE Sensex closed at 79,942.18 level, down 426.85 points or 0.53 per cent on Wednesday. 

 

3:20 PM

Stock Market LIVE Updates: CRISIL gains over 4% to hit 52-week high as stock trades ex-date today

Shares of credit rating company CRISIL advanced 4.44 per cent to a 52-week high of Rs 5,435 on the NSE during intra-day trade on Wednesday, in an otherwise weak market. A combined total of nearly 0.012 million shares of CRISIL, worth around Rs 69.01 crore, exchanged hands on NSE and BSE today.

 

The uptick in CRISIL's share price follows the company's announcement of dividend rewards for its shareholders. CRISIL, in a regulatory filing, informed the bourses that the company’s board approved the payment of a third interim dividend of Rs 15 per equity share of face value of Re 1 each, for the financial year ending December 31, 2024. The dividend will be paid on November 13, 2024. Read more

3:09 PM

Stock Market LIVE Updates: This smallcap IPO zooms 109% from its issue price within 2 months

Shares of Gala Precision Engineering hit a record high of Rs 1,105.45, as they surged 17 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market. In the past three days, the stock price of this smallcap company has soared 31 per cent. It surpassed its previous high of Rs 974 on October 17, 2024. In comparison, the BSE Sensex was down 0.5 per cent at 79,980 at 01:59 PM. Read more

 

3:03 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was down 404 points, or 0.50 per cent, at 79,964 , while the Nifty 50 was at 24,349, down 117 points, or 0.48 per cent.

 

2:54 PM

Stock Market LIVE Updates: Ambani's Reliance plays catch-up to ride quick commerce wave in country

Stock Market LIVE Updates: Asia's richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire operates: from home deliveries that can take a day or two, his business is now targeting a 10-30 minute service.

 

Quick commerce has reshaped how Indians shop as Zomato, SoftBank-backed Swiggy and Zepto now promise deliveries from their neighbourhood warehouses within 10 minutes, even beating Amazon. READ MORE

 

2:45 PM

Stock Market LIVE Updates: GDP growth, inflation among key triggers that may drive mkts in Samvat 2081

Stock Market LIVE Updates: Amid heightened geopolitical tensions, sticky inflation that kept interest rates higher for most part of Samvat 2080, and valuation woes, Indian stock markets fought numerous challenges over the past one year.

 

Despite this, the BSE Sensex has gained 23.8 per cent, while the Nifty 50 has climbed 25.95 per cent thus far in the outgoing Samvat amid ample liquidity support from retail and domestic institutional investors. READ MORE

 

2:34 PM

Stock Market LIVE Updates: SoftBank-backed Swiggy's Rs 11,000-cr IPO key details revealed; check here

Stock Market LIVE Updates: The SoftBank-backed initial public offering (IPO) of online food delivery provider Swiggy is set to open for public subscription on Wednesday, November 6, 2024. At the upper end, the company seeks to raise Rs 11,327.43 crore by offering a fresh issue of 115,358,974 shares, and an offer for sale of 175,087,863 shares with a face value of Re 1 apiece.

 

Bidding for anchor investors for Swiggy IPO is scheduled to take place on Tuesday, November 5, 2024, the company stated in the Red Herring Prospectus. READ MORE

 

2:17 PM

Stock Market LIVE Updates: Nazara Tech up 4% as arm acquires UK's growth marketing agency for Rs 52-cr

Stock Market LIVE Updates: Nazara Technologies shares gained 4.2 per cent and registered an intraday high of Rs 949.5 per share on BSE. The counter saw buying after Datawrkz, a subsidiary of Nazara Technologies, acquired 100 per cent stake in United Kingdom (UK) based growth marketing agency, Space & Time.

Around 1:47 PM, Nazara Technologies shares were up 2.49 per cent at Rs 941.7 per share. In comparison, the BSE Sensex was down 0.40 per cent at 80,047.17. The market capitalisation of the company stood at Rs 7,194.91 crore. READ MORE

 

2:07 PM

Stock Market LIVE Updates: India's gold demand to hit 4-year low amid price rally: World Gold Council

Stock Market LIVE Updates: India's gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday.

 

Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters. READ MORE

 

1:53 PM

Stock Market LIVE Updates: NHPC up 3% as unit commissions 88 MW Omkareshwar Floating Solar Power Plant

Stock Market LIVE Updates: State-owned NHPC shares soared 2.92 per cent to hit an intraday high of Rs 82.93 per share on Wednesday, October 30, 2024.

The share of NHPC rose after the company announced that its arm, NHDC, has commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV), Unit-D located in the reservoir of the Omkareshwar project, Madhya Pradesh on October 29 with annual generation capacity of 204.58 MUs. READ MORE

 

1:41 PM

Stock Market LIVE Updates: Concor shares rise 4% after company declares dividend, reports Q2 results

Stock Market LIVE Updates: Container Corporation of India (Concor) shares rose 4.2 per cent and registered an intraday high of Rs 843.55 per share on BSE. The buying in the stock sparked after the company's board declared second interim dividend.

 

Around 12:43 PM, Concor shares were up 4 per cent at Rs 841.15 per share. In comparison, the BSE Sensex was down 0.10 per cent at 80,289.22. The market capitalisation of the company stood at Rs 51,171.59 crore. READ MORE

 

1:27 PM

Stock Market LIVE Updates: This Ashish Kacholia portfolio stock has zoomed 32% in 3 days: Details here

Stock Market LIVE Updates: Ami Organics shares hit a new high of Rs 1,987.40, surging 9 per cent on the BSE in Wednesday’s intra-day trade, and extending its past two day's rally after it reported a solid set of numbers for the second quarter ended September 2024 (Q2FY25).

 

The company also raised its revenue growth guidance for FY25 from 25 per cent to 30 per cent. The stock has bounced back 96 per cent from its June month low of Rs 1,014 on the BSE. READ MORE

 

1:15 PM

Stock Market LIVE Updates: L&T wins new 'Major' orders for its power transmission & distribution business

Stock Market LIVE Updates: L&T today informed that its Power Transmission & Distribution (PT&D) vertical has won new orders in the Middle East and Africa for expanding and strengthening the electricity grids there at high-voltage levels. The orders include implementation of an Energy Management System for country-wide electricity network, it added.

The company has classified the order as a Major order, which signals that it falls within the range of Rs 5,000 crore to Rs 10,000 crore.

The order in Kenya involves the company collaborating with an original equipment manufacturer to build the new National System Control Centre in the country. 

In the Middle East, new orders have been secured for turnkey construction of high-voltage transmission lines in Saudi Arabia. Additional Gas Insulated Substation orders have been received in an ongoing power system expansion project in Qatar, it added.

 

1:04 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty pare losses; still trading in red zone

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were off the day's lows, but were still trading in negative territory on Wednesday.

At 1 PM, the BSE Sensex was down 73.44 points, or 0.09 per cent, at 80,295.59, while the Nifty 50 was at 24,458, down 8.85 points, or 0.04 per cent.

 

12:56 PM

Stock Market LIVE Updates: Honeywell Automation plunges 9% after subdued Q2 performance; details

Stock Market LIVE Updates: Shares of Honeywell Automation plunged 9.1 per cent at Rs 44,500 per share on the NSE in Wednesday’s intraday trade. The stock fell after the company reported its second quarter earnings for the financial year 2024-25 (Q2FY25).

 

Engineering services company Honeywell Automation India reported its second-quarter results on Tuesday, October 29, 2024. The company’s net profit fell 5.7 per cent year-on-year, totaling Rs 115 crore for the three months ended September 2024, down from Rs 122 crore in the same quarter last year. READ MORE

 

12:42 PM

Stock Market LIVE Updates: Star Health slips 7% after reporting 11% fall in PAT in Q2 to Rs 111-cr

Stock Market LIVE Updates: Star Health and Allied Insurance Company shares slipped 6.5 per cent and registered an intraday low of Rs 500.5 per share on BSE. The selling pressure in the stock can be attributed to the company's weak bottom line performance in Q2FY25. 

 

Around 11:52 AM, Star Health Allied Insurance shares were down 2.95 per cent at Rs 519.95 per share. In comparison, the BSE Sensex was down 0.15 per cent at 80,249.43. The market capitalisation of the company stood at Rs 30,550.58 crore. READ MORE

 

12:29 PM

Stock Market LIVE Updates: GRSE share price rises 4% on securing order worth Rs 491 crore from NPOL

Stock Market LIVE Updates: Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose up to 4.16 per cent to hit an intraday high of Rs 1,613.90 per share on Wednesday, October 30, 2024.

 

The spike in GRSE share price was fuelled by a Rs 490.98-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi. READ MORE

 

12:13 PM

Stock Market LIVE Updates: Dynacons Systems & Solutions shares fly 13% on Rs 108-cr order from NABARD

Stock Market LIVE Updates: Dynacons Systems & Solutions shares rose as much as 12.81 per cent to hit an intraday high of Rs 1,345.55 per share on Wednesday, October 30, 2024.

 

The rise in the Dynacons Systems & Solutions share price came after the company announced that it has secured an order worth Rs 108 crore from the National Bank for Agriculture and Rural Development (NABARD). READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty pare losses; still in negative zone

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were off the day's lows, but were still trading in negative territory on Wednesday.

At 12 PM, the BSE Sensex was down 115.12 points, or 0.14 per cent, at 80,253.91, while the Nifty 50 was at 24,444.60, down 22.25 points, or 0.09 per cent.

 

11:56 AM

Stock Market LIVE Updates: Marico share rallies 9% as Q2 results beat estimates; profit zooms 20% YoY

Stock Market LIVE Updates: Shares of fast moving consumer goods (FMCG) company Marico surged as much as 9.30 per cent to hit an intraday high of Rs 687.30 per share on Wednesday, October 30, 2024.

 

The Marico share price rallied after the company posted stronger-than-expected Q2FY25 results, which beat street estimates. READ MORE

 

11:49 AM

Stock Market LIVE Updates: Kaynes Technology gains 7% after Q2FY25 results; PAT up 86%, rev up 59%

Stock Market LIVE Updates: Kaynes Technology shares rose 6.7 per cent on Wednesday and registered an intraday high of Rs 5,597 per share on BSE. The buying interest in the stock came after Kaynes Technology posted strong Q2 results.

 

However, the stock pared gains and around 10:10 AM, was up 1.98  per cent at Rs 5,346 per share. In comparison, the BSE Sensex was down 0.33 per cent at 80,107.49. The market capitalisation of the company stood at Rs 34,220.16 crore. READ MORE

 

11:38 AM

Stock Market LIVE Updates: Adani Enterprises share price gains 5% on strong September quarter results

Stock Market LIVE Updates: Shares of Adani Enterprises (AEL) moved higher by 5 per cent to Rs 2,981.55 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade amid heavy volumes after reporting more than sevenfold increase in its consolidated net profit (attributable to the company’s owners) for the July-September quarter of 2024-25 (Q2FY25), driven by improved revenue and reduced finance costs. READ MORE