Market Highlights, Sept 25: Sensex up 256pts; Nifty holds 26,000; Media index soars 3%, VIX down 7%

Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, climbed to fresh highs before ending at new closing highs on Wednesday

3:56 PM

Tech View: Resistance for Nifty on the higher end, is seen at 26,200-26,250

The Nifty made another lifetime high as bulls seemed in no mood to back down, despite a weak start. The sentiment is likely to remain positive as long as it remains above 25,900, where aggressive put writing was visible. Technically, the Nifty has sustained above its very short-term moving average.

Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-bound to positive move in the near term. Resistance on the higher end, is seen at 26200-26250.

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

3:52 PM

Stock Market Highlights LIVE: Power and banking stocks lift market to record highs

After a range-bound trade, the benchmark indices inched higher towards close, led by power and banking stocks, while mid- and small-cap indices experienced corrections driven by valuation concerns.

The domestic market may face short-term challenges owing to a decline in FIIs inflow and shift of funds to other emerging markets due to their cheap valuation. Meanwhile, gold, as a safe-haven asset, gained further appeal amid escalating tensions in the Middle East and the prospect of lower interest rates.

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

 

3:49 PM

Stock Market Highlights LIVE: LTIMindtree, Tech Mahindra, Tata Consumer fall up to 4% on NSE

On the NSE, LTIMindtree closed 3.69 per cent lower, followed by Tech Mahindra and Tata Consumer falling 2.27 per cent and 1.87 per cent, respectively.

3:45 PM

Stock Market Highlights LIVE: Nifty Media, Realty, Metal lead in sectors

In sectors, Nifty Media outran others, surging 2.94 per cent and was followed by Nifty Realty, Nifty Metal and Financial Services. 

3:42 PM

Stock Market Highlights LIVE: Broader markets end in red

The broader indices underperformed benchmarks on Wednesday, with BSE MidCap falling 0.53 per cent, while BSE SmallCap slipped 0.35 per cent.

3:39 PM

Stock Market Highlights LIVE: Heatmap check

Powergrid topped the BSE Sensex, closing 3.97 per cent higher, and was followed by Axis Bank and NTPC rising over 2 per cent each.

3:36 PM

Closing Bell: Nifty ends above 26,000 mark first time ever

The top 50 bluechip stocks index Nifty50 ended over 26,000 mark for the first time ever, soaring 0.25 per cent or around 64 points at 26,004 level.

3:33 PM

Closing Bell: Sensex ends at fresh closing high of 85,169, up over 250 pts

The benchmark BSE Sensex surged around 256 pts to close at 85,169 level.  

3:24 PM

Stock Market LIVE Updates: Nifty Realty, Media, Pvt Bank lead gains

Among sectors, Nifty Media and Realty were the top gainers rising by 2.84 per cent and 0.77 per cent respectively. 

3:16 PM

Stock Market LIVE Updates: Nifty makes new record level at 26,028

The top 50 bluechip stocks index Nifty50, too, reached at new high today, scaling 80-odd points to 26,028 level. 

3:14 PM

Stock Market LIVE Updates: Sensex soars over 300 pts, hits record high

The BSE Sensex created a fresh high in the later hours of the day at 85,236 level. 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Benchmarks tread water, Broader markets dip

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading on a mixed and muted note, late on Wednesday's trading session.

At 3 PM, the BSE Sensex was up 48.74 points, or 0.06 per cent, at 84,962, while the Nifty 50 was at 25,928, down 12.15 points, or 0.05 per cent. 

 

2:49 PM

Stock Market LIVE Updates: This new quant ETF uses AI to analyse stock opportunities for gains

Stock Market LIVE Updates: Simplify Asset Management on Tuesday introduced a new exchange-traded fund (ETF) that leverages machine learning to identify long and short investment opportunities by analysing hundreds of fundamental factors.

The Simplify Wolfe US Equity 150/50 ETF (WUSA) takes a long position in about 250 stocks and a short position in about 150 stocks. These strategies represent two key methods in the stock market. READ MORE

2:48 PM

Stock Market LIVE Updates: PM Modi's IFSC Single Window System launch sends Dev IT shares flying 14%

Stock Market LIVE Updates: Shares of Dev Information Technology climbed as much as 14.43 per cent to a day's high of Rs 146.48 on the NSE on Wednesday. Nearly 14.10 lakh equity shares of Dev Information Technology worth around Rs 20.19 crore exchanged hands on NSE.

The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE

2:33 PM

Stock Market LIVE Updates: Cartrade Tech surges 6%, hits 52-week high after Mirae Asset MF buys stake

Cartrade Tech share price today scaled up to 6.02 per cent, hitting its 52-week high at Rs 1,034 a piece on the BSE in intraday deals. The stock of the company soared after Mirae Asset Mutual Fund purchased 3.02 million shares, representing a 6.4 per cent stake in a block deal on Tuesday. 

At 02:22 PM, Cartrade Tech stock price was up 3.85 per cent at Rs 1,012.75 per share on the BSE. By comparison, the BSE’s Sensex was up by 0.04 per cent at 84,944.02 level. Read more

2:21 PM

Stock Market LIVE Updates: This smallcap stock has gained 106% in 3 months; up 307% in so far in FY25

PG Electroplast stock price today: Shares of PG Electroplast (PGEL) hit a new high of Rs 675, as they rallied 7 per cent on the BSE in Wednesday’s intra-day trade in otherwise subdued market strong growth outlook. The stock surpassed its previous high of Rs 647.75 touched on September 18, 2024. In comparison, the BSE Sensex trading 0.12 per cent lower at 84,812 at 01:05 pm. Read more

2:16 PM

Stock Market LIVE Updates: PM Modi's IFSC Single Window System launch sends Dev IT shares flying 14%

Stock Market LIVE Updates: Shares of Dev Information Technology climbed as much as 14.43 per cent to a day's high of Rs 146.48 on the NSE on Wednesday. Nearly 14.10 lakh equity shares of Dev Information Technology worth around Rs 20.19 crore exchanged hands on NSE.

The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Benchmarks rangebound, broader markets fall

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading marginally higher late on Wednesday's trading session.

At 2 PM, the BSE Sensex was down 14.68 points, or 0.02 per cent, at 84,899, while the Nifty 50 was at 25,912, down 28.10 points, or 0.11 per cent. 

 

1:48 PM

Stock Market LIVE Updates: Imagicaaworld Ent stock jumps 4% after co plans expansion in Indore

Stock Market LIVE Updates: Imagicaaworld Entertainment share price today inched up by 3.69 per cent at Rs 87.25 a piece on the BSE in intraday deals. The stock of the company zoomed after the company on Wednesday announced its entry into new geographies, with a new water park located between Indore and Ujjain.

At 12:38 PM, Imagicaaworld Entertainment stock price gained 1.18 per cent at Rs 85.13 per share on the NSE. By comparison, the NSE’s Nifty50 was down by 0.21 per cent at 25,886.95 level. READ MORE

1:35 PM

Stock Market LIVE Updates: Piramal Pharma soars 9% as co targets 2x revenue, 3x Ebitda margin by FY30

Stock Market LIVE Updates: Piramal Pharma shares were in demand in the morning deals on Wednesday, as the shares gained 8.6 per cent intraday. The stock logged its day's high at Rs 235.35 per share on the BSE. The buying interest in the stock sparked after the pharma company revealed its ambitious  revenue goal by the financial year 2030 (FY30).

At around 1:00 PM, shares of Piramal Pharma were up 4.38 per cent at Rs 226.2 per share on BSE. In comparison, the BSE Sensex traded 0.13 per cent lower at 84,806.11 around the same time. READ MORE

1:16 PM

Stock Market LIVE Updates: Why is PNB near its 8-month low after slipping 7% in 2 days? Details here

Stock Market LIVE Updates: Punjab National Bank (PNB) shares hit a nearly eight month low of Rs 103.65, after falling 4 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. 

In two days, the stock of the state-owned lender has slipped 7 per cent, after PNB announced the floor price for the qualified institutions placement (QIP) that it launched on September 23. The bank has set a floor price of Rs 109.16 per share. READ MORE

1:02 PM

Stock Market LIVE Updates: Gold loans to reach Rs 15 trillion by 2027; what's driving this growth?

Stock Market LIVE Updates: India's organized gold loan market is poised to reach a new milestone, with rating agency Icra forecasting it to exceed Rs 10 trillion in the current financial year, and  Rs 15 trillion by March 2027. READ MORE

12:52 PM

Stock Market LIVE Updates: Indian equity funds' cash holdings at 5-yr high on caution over valuations

Stock Market LIVE Updates: Indian equity funds' allocation of cash relative to their asset size rose to a 5-year high at the end of August, as fund managers are worried about markets being too rich and other macroeconomic risks around US elections and Chinese growth. READ MORE

12:37 PM

Stock Market LIVE Updates: Gravita gains 4% as Axis Securities initiates coverage with 'Buy'; Details

Stock Market LIVE Updates: Gravita India's stock gained traction on Wednesday, rising 4.18 per cent to an intra-day high of Rs 2,600 on the NSE. The surge was accompanied by robust trading volume, with 2.72 lakh equity shares worth Rs 69.90 crore changing hands. READ MORE

12:22 PM

Stock Market LIVE Updates: Gillette India stock falls 3% after Bangladesh distributor terminates pact

Stock Market LIVE Updates: Gillette India share price today dipped 3 per cent at Rs 8,501.10 a piece on the BSE in intraday deals. This came after the personal care firm in an exchange filing revealed that one of its distributors Procter & Gamble Bangladesh has terminated distribution agreement with the company, which will be effective December 31, 2024. READ MORE

 

12:07 PM

Stock Market LIVE Updates: Mazagon Dock up 3% on commencing production for Multipurpose Cargo Vessel

Stock Market LIVE Updates: Shares of shipbuilding company Mazagon Dock Shipbuilders soared a little over 3 per cent to hit an intraday high of Rs 4,349.70 per share on Wednesday, September 25, 2024. The uptick in the share price came after the company announced that it has commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark. READ MORE

11:55 AM

Stock Market LIVE Updates: Easy Trip drops to 52-week low after promoter likely sells 8.5% stake in co

Stock Market LIVE Updates: Easy Trip Planners shares dropped as much as 8 per cent to register a 52-week low of Rs 37.01 per share on the BSE after reports indicated that one of the company's promoters, Nishant Pitti was the likely seller of an 8.5 per cent stake in the company. READ MORE

11:46 AM

Stock Market LIVE Updates: Rupee appreciates 10 paise to 83.53 against US dollar in early trade

Stock Market LIVE Updates: The rupee appreciated 10 paise to 83.53 against the US dollar in early trade on Wednesday, on the overall dollar weakness in the overseas market. Forex traders said the US dollar has weakened against majors post the weak consumer confidence print. The US consumer confidence dropped by the most in three years to 98.7 from 105.6 in August. READ MORE

 

11:41 AM

Stock Market LIVE Updates: F&O transaction fee revision sends MCX shares to hit record high on Sep 25

Stock Market LIVE Updates: Multi Commodity Exchange of India's (MCX) share price gained 2.3 per cent on Wednesday, September 25, and logged an all time high of Rs 6,018.75 per share on the BSE. The stock moved northwards after the commodities exchange platform revised its futures and options contracts' transactional fee. READ MORE

11:28 AM

Stock Market LIVE Updates: Airtel rolls out AI-powered network solution for SPAM detection

Stock Market LIVE Updates: Bharti Airtel (Airtel), today, launched India’s first network-based, AI-powered spam detection solution that will significantly solve the issue of spam calls and messages for its customers, the company said in a statement.

 

A first-of-its-kind solution by a telecom service provider in the country, the tool will alert customers in real-time to all suspected spam calls and SMSes. The solution is free of cost and will get auto-activated for all Airtel customers without them having to raise a service request or download an app. 

Source: BSE