Market Highlights, Sept 27: Sensex sheds 264pts, Nifty below 26,200; private banks fall, RIL support

Stock Market Today: Indian equity benchmark indices BSE Sensex ,and Nifty50 ended in red on Friday.

3:51 PM

Stock Market Close LIVE Updates: Bank, Realty indices fall 1%

>> IT, Pharma, PSU Bank, Metal indices lend support

3:48 PM

Stock Market Close LIVE Updates: Broader markets shine on Friday

Stock Market Highlights, Sept 27: BSE MidCap rises 0.29% and the BSE SmallCap adds 0.07% on a day when benchmarks ended lower

3:42 PM

Stock Market Close LIVE Updates: Gainers, Losers tie on Sensex

Stock Market Highlights, Sept 27: Sun Pharma, Titan, RIL, NTPC, HCL Tech end as top Sensex gainers today

>> Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Bank, and L&T end as top Sensex losers today
 

3:39 PM

Stock Market Close LIVE Updates: Nifty snaps 6-day winning run, ends below 26,200

Stock Market Highlights, Sept 27:NSE Nifty50 ends at 26,178.95, down 37.10 points or 0.14%

>> NSE Nifty50 hit a lifetime high of 26,277.35 during the day
 

3:37 PM

Stock Market Close LIVE Updates: Sensex ends lower after recent record breaking rally

Stock Market Highlights, Sept 27: BSE Sensex ends at 85,571.85, down 264.27 points or 0.31%

>> BSE Sensex hit a record high of 85,978.25 during the day

3:28 PM

Sun Pharma gains 3%; hits new high on UBS 'Buy' rating, sees more upside

The global brokerage firm expects Sun Pharma to record its highest growth in the near-term (operating leverage benefits from its US specialty portfolio and margin expansion at its subsidiary, Taro), and the medium-term via a ramp-up of the specialty drug pipeline. READ MORE

3:15 PM

Swiggy's recipe for success: DRHP reveals key ingredients ahead of IPO

The Indian primary market has been booming this year, with as many as 62 mainboard companies going public, including Ola Electric, and Bajaj Housing Finance, being some of the notable companies to grace the list. READ MORE

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade trade in red

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50, after climbing to record highs in early trades on Friday, were trading lower.

At 3 PM, the BSE Sensex was at 85,567.49, down 268.63 points, or 0.31 per cent, while the Nifty 50 was at 26,189, down 26.10 points, or 0.1 per cent. 

2:55 PM

Stock Market LIVE Updates: Nuvama Wealth gains 4% after 2.2 mn shares change hands via block deals

Stock Market LIVE Updates: Nuvama Wealth Management share rose 4.2 per cent on Friday and logged an intraday high of Rs 7,057.05 per share on the BSE. The buying interest came after over 2 million shares changed hands on the counter via block deal. READ MORE

 

2:44 PM

Stock Market LIVE Updates: Morgan Stanley double upgrades Tata Power, Torrent Power; check out details

Stock Market LIVE Updates: Global brokerage Morgan Stanley has double upgraded Tata Power and Torrent Power in its recent report on the 'Utility' sector. For Tata Power, it has revised its rating to 'Overweight' from 'Underweight' while raising its target to Rs 577 from Rs 331 per share. As per the brokerage, the company has a good mix of a cash cow-regulated business earning assured returns and a market-linked business. READ MORE

2:29 PM

Stock Market LIVE Updates: Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Stock Market LIVE Updates: Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato’s scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share. READ MORE

2:19 PM

Stock Market LIVE Updates: 822 IPOs globally aimed to raise $65bn till August; India tops APAC tally

Stock Market LIVE Updates: Primary market, it seems, is not only luring investors back home but also globally. A recent report by GlobalData, a London-based data analytics firm suggests that 822 Initial Public Offers (IPO) aimed to raise $65 billion in the first eight months of calendar year 2024 (CY24) till August.

This is a 17.4 per cent jump from 2023 when 1,564 listings during the same period planned to mop up $55.4 billion via this route. READ MORE

2:15 PM

Stock Market LIVE Updates: Order alert! PTC Ind to supply Titanium Castings for M777; stock rises

Stock Market LIVE Updates: PTC Industries share price gained 2.3 per cent on Friday and registered an intraday high of Rs 13,411 per share on the BSE. At around 12:53 PM, shares of the company were up 1.5 per cent at Rs 13,299 per share on the BSE.

By comparison, the BSE Sensex traded 0.24 per cent lower at 85,633.71 around the same time. READ MORE

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade on muted note after hitting life highs

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50, after climbing to record highs in early trades on Friday, were trading lower or flat.

At 2 PM, the BSE Sensex was at 85,681.85, down 154 points, or 0.18 per cent, while the Nifty 50 was at 26,219, up 3.90 points, or 0.01 per cent. 

1:58 PM

Stock Market LIVE Updates: NSE announces schedule for mock and live sessions to test disaster recovery website

Stock Market LIVE Updates: NSE today announced the schedule to hold mock and live trading sessions with a view to "check the connectivity and to avoid login problems in live trading sessions from DR (disaster recovery) site.

The stock exchange, in a notice, said, "Members are requested to note that the Exchange Contingency Tests shall be carried out between 12:00 PM to 01:00 PM for mock trading on Saturday, September 28, 2024." This means that the exchange will conduct a mock session on Saturday, September 28. 

Further, according to its notice, the exchange will also conduct live trading sessions from the Disaster Recovery website on September 30 (Monday) and October 1 (Tuesday), while regular live trading from the primary website will commence from October 3 (Wednesday).

Markets will be closed on October 2, on account of Gandhi Jayanti.

1:42 PM

Stock Market LIVE Updates: Chinese markets surge

Stock Market LIVE Updates: Markets in China surged towards their best week since 2008, buoyed by the slew of stimulus measures rolled out by the central bacnk there. 

Mainland China’s CSI 300 gained 15.7 per cent this week, while Hong Kong’s Hang Seng index was set for a weekly gain of 12.31 per cent, making it the best week for the index since February 1998, according to FactSet data, reported CNBC.

On Friday, the CSI 300 was 4.47 per cent higher, at 3,703.68, while the Hang Seng was up 3.23 per cent.

The rally in the Chinese markets comes as the People’s Bank of China has cut its 7-day reverse repurchase rate to 1.5 per cent from 1.7%, as well as slashed the reserve requirement ratio of financial institutions by 0.5 percentage points.

1:31 PM

Stock Market LIVE Updates: Vedanta stock rallies 15% in one week as market cap climbs to Rs 2 trn

Stock Market LIVE Updates: Shares of Vedanta have continued their upward trajectory to hit a new high of Rs 515.85, after gaining 3 per cent on Friday’s intra-day trade, on the BSE.
 

The stock of the Anil Agarwal-promoted company has rallied 8 per cent in two days, after it announced the schedule of a board meeting to consider the fourth interim dividend for FY25. READ MORE

1:14 PM

Stock Market LIVE Updates: SeQuent Scientific jumps 18% after announcing merger with Viyash Life

Stock Market LIVE Updates: Shares of SeQuent Scientific soared 18 per cent on the BSE on Friday’s intra-day trade to hit a three-year high of Rs 224.80, amid heavy volumes.

The stock of the pharmaceutical company extended its rally after it announced a strategic merger of Viyash Life Sciences (Viyash) and its subsidiaries, with its subsidiary to create a global animal health leader with end-to-end integrated capabilities. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty pull back from record highs

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50, after having climbed to record high levels in early trades on Friday, were trading lower.

At 1 PM, the BSE Sensex was at 85,618.94, down 217 points, or 0.25 per cent, while the Nifty 50 was at 26,185, down 30.35 points, or 0.12 per cent. 

12:47 PM

Stock Market LIVE Updates: This microcap garments & apparels stock has zoomed 130% in 6 trading days

Stock Market LIVE Updates: Virat Industries share price was locked in the 10-per cent upper circuit for a sixth straight day, at Rs 299.10 on the BSE in Friday's intraday trade, amid heavy volumes after investor Bhavook Tripathi announced an open offer to acquire up to 3.7 million equity shares or 25.45 per cent stake from the public shareholders at an offer price of Rs 158 per share.

 

In the last six trading days, the stock of the microcap garments and apparels company has zoomed 130 per cent after the company announced its fundraising plan by issuing equity shares on preferential basis to Tripathi. READ MORE

12:36 PM

Stock Market LIVE Updates: Prataap Snacks rises 10% as Authum Invt, Mahi Kela to acquire 47% stake

Stock Market LIVE Updates: Prataap Snacks share price advanced as much as 10 per cent on Friday and registered an intraday high at Rs 1,156.55 per share on the BSE. The share however, pared gains later and was up barely 0.23 per cent at Rs 1,056.2 per share at 10:19 AM on the BSE.

By comparison, the BSE Sensex traded 0.12 per cent higher at 85,940.24 around the same time. READ MORE

12:22 PM

Stock Market LIVE Updates: Sugar stocks sweeten as govt to consider ethanol price, sugar MSP hike

Stock Market LIVE Updates: Sugar stocks, including EID Parry, Shree Renuka Sugars, Dhampur Sugar Mills, and Balrampur Chini Mills, among others, rose in morning trades on Friday, September 27. The stocks climbed between 1.7 per cent to 7.83 per cent at the last count on BSE.

The northward movement in the sugar stocks came after the Indian food minister Pralhad Joshi on Thursday said that the centre is considering the industry's demand of hiking the minimum selling price (MSP) of sugar from the current level of Rs 31 per kg, along with ethanol prices. READ MORE

 

12:09 PM

Stock Market LIVE Updates: Live trading in T+0 rolling settlement cycle in capital market segment deferred

Stock Market LIVE Updates: NSE today informed that live trading in T+0 rolling settlement cycle in the capital market segment has been deferred.

The stock exchange, in a circular, said that it will inform the revised date later.

 

12:03 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty climb down from record highs

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50, after having climbed to record high levels in early trades on Friday, were trading on a muted note.

At 12 PM, the BSE Sensex was at 85,731, down 104 points, or 0.12 per cent, while the Nifty 50 was at 26,217, up 1.60 points, or 0.01 per cent. 

11:58 AM

Stock Market LIVE Updates: ICRA reaffirms S Chand And Co's Rs 110 cr fund-based overdraft facility

Stock Market LIVE Updates: S Chand And Co today informed that credit ratings agency ICRA has reaffirmed the long-term rating of 'A-' with a stable outlook, to its fund-based overdraft facility of Rs 110 crore.

The company, in an exchange filing, said, "It is hereby informed that ICRA Limited has reaffirmed the long-term rating i.e [ICRA]A- (Stable) to the enhanced Fund Based-Overdraft Facility of Rs. 110.00 crore by various banks and financial institutions."

11:47 AM

Stock Market LIVE Updates: SJVN signs 2 MoUs with Maha govt to build pumped storage & floating solar projects

Stock Market LIVE Updates: SJVN today announced that it has signed two Memorandums of Understandings (MoUs) with the government of Maharashtra for the development of pumped storage projects (PSP) and floating solar projects (FSP) in the state of Maharashtra. 

The company, in an exchange filing, said, "The first MoU was inked between SJVN and Department of Water Resources, Government of Maharashtra, for development of five Pumped Storage Projects of total capacity of 8,100 MW."

It added, "The second MoU was signed between SJVN and Maharashtra State Power Generation Company (MAHAGENCO) for the development of 505 MW Floating Solar Project at Lower Wardha Dam in Maharashtra." 

 

11:36 AM

Stock Market LIVE Updates: India keeps markets guessing ahead of three key RBI MPC appointments

Stock Market LIVE Updates: India’s central bank watchers are getting anxious about who will decide interest rates in two week’s time, a crucial meeting as a wave of global easing kicks off.

The contracts of three external members of the Reserve Bank of India’s monetary policy committee will expire on Oct. 4, just days before the MPC is expected to meet and make its rate decision on Oct. 9. 

A government-appointed selection panel hasn’t disclosed who the likely candidates are or when they will release the names of the new MPC members. READ MORE

11:24 AM

Stock Market LIVE Updates: Sun Pharma to present dermatology portfolio research abstracts at 33rd EADV

Stock Market LIVE Updates: Sun Pharmaceutical on Thursday announced that it will present abstracts across its dermatology portfolio at the 33rd European Academy of Dermatology and Venereology (EADV) Congress being held in Amsterdam, Netherlands between September 25 and 28, 2024.

The company, in an exchange filing, said, "Three abstracts, accepted for podium and poster presentation, will highlight clinical efficacy and safety data of LEQSELVI (deuruxolitinib) 8 mg tablets, an oral selective inhibitor of Janus Kinases (JAK) JAK1 and JAK2 approved by the US Food and Drug Administration for the treatment of adults with severe alopecia areata (AA)."

It added, "The company will also share results in two additional posters for deuruxolitinib, which showed clinically meaningful improvement in anxiety and depression among patients taking deuruxolitinib to treat their severe AA as well as dose optimisation for deuruxolitinib at 8 mg." 

Apart from that, 12 poster presentations will underscore the clinical efficacy and safety of ILUMYA® (tildrakizumab) in moderate-to-severe plaque psoriasis. These data also include research from interim data analysis from real-world settings. 

 

11:14 AM

Stock Market LIVE Updates: Accenture results: Worst behind for India IT; buy selectively, say analysts

Stock Market LIVE Updates: Global information technology (IT) consultancy firm Accenture's August quarter results were a reiteration that the worst is behind the Indian IT sector, analysts said on Friday.

 

While the pace and the broadness of recovery is still debatable, analysts said Accenure results for Q4 and revenue growth forecast for the next financial year (FY25) reduce downside risks to growth estimates for Indian IT companies. READ MORE

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty maintain record levels

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 climbed to record high levels, after opening flat on Friday.

At 11 AM, the BSE Sensex was at 85,885, up 48 points, or 0.06 per cent, while the Nifty 50 was at 26,256, up 40 points, or 0.15 per cent.