Stock Market Highlights, Oct 7: Sensex sheds 638pts, Nifty below 24,800; Mid, smallcap shares drag

Stock Market Today: Indian benchmark equity indices Sensex, and Nifty settled in red on Monday

4:02 PM

Stock Market Highlights LIVE Updates: Market appears to be "sell on rise" as long as it stays below 25,000

The Nifty slipped further due to ongoing geopolitical concerns, with sentiment worsening as the index fell below the 55 EMA, indicating a bearish trend. A bearish crossover in the RSI is adding to the downward price momentum.

In the short term, the trend may remain volatile, with a predominantly bearish outlook. Overall, the market appears to be "sell on rise" as long as it stays below 25,000. On the downside, support levels are positioned at 25,700, 25,590, and 25,400.

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

3:49 PM

Stock Market Highlights LIVE Updates: Indian mkts at high risk of underperforming to Asian peers

The Indian markets have entered a consolidation phase with high risk of underperforming to Asian peers. This phase is marked by significant corrections in the broader market due to premium valuations.

There is notable global arbitrage activity, with Chinese markets attracting substantial inflows driven by its attractive valuations and stimulus measures. Investors are reassessing their portfolio positions and FIIs outflows are exacerbated. Amid escalating geopolitical tensions, the surging oil prices poses a further challenge to the domestic economy, in the short-term.

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

3:47 PM

Stock Market Highlights LIVE Updates: Trent, M&M and Bharti Airtel top gainers on NSE

Trent, M&M and Bharti Airtel advanced on NSE and finished over 1 per cent higher each on Monday. 

3:43 PM

Stock Market Highlights LIVE Updates: All sectors end in red except Nifty IT

All sectors except Nifty finished the day in negative teritory on Monday, with Nify Media and Nifty PSU Bank falling over 3 per cent each. These were closely followed by sectors such as Nifty Metal, Nifty Financial Services, and Nifty Consumer Durables.

3:40 PM

Stock Market Highlights LIVE Updates: SmallCap index finishes over 3% lower

In broader markets, the BSE MidCap index and BSE SmallCap index bled heavier than benchmarks, ending 1.85 per cent and 3.27 per cent lower, respectively. 

3:37 PM

Stock Market Highlights LIVE Updates: Heatmap check

Adani Ports was the top loser on BSE Sensex, ending 4.08 lower on Monday, and was closely followed by the likes of NTPC, SBI and Powergrid among others. 

3:35 PM

Stock Market Highlights LIVE Updates: Nifty slips over 200 pts, ends below 24,800

NSE's Nifty50 slipped around 218 points or 0.87 per cent to close at 24,795 level on Monday.

3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends over 600 pts down at 81,050

The BSE Sensex closed 638 points or 0.78 per cent down at 81,050 level on Monday.

3:25 PM

RVNL, RITES, SAIL decline up to 8% in weak market; BSE PSU index slips 3%

Rail Vikas Nigam (RVNL), RITES, SJVN, among several other public sector companies, declined up to 8 per cent in intra-day trade on Monday, October 7. The segment's market, the BSE PSU index was down 3.3 per cent at the time. Read more

3:15 PM

Stock Market LIVE Updates: This SME stock surged 15% in weak market today; is up 223% over issue price

Siyaram Recycling Industries share price hit a new high of Rs 148.65 as they surged 15 per cent on the BSE in Monday's intraday trade, amid heavy volumes, in an otherwise weak market. The rally in Siyaram Recycling share price came after the company's board approved allotment of over 2 million equity shares of the company to Mukul Agrawal. Read more

3:05 PM

Stock Market LIVE Updates: 3 PM market update

At 3 PM, the BSE Sensex was down 527.64 points, or 0.65 per cent, at 81,160.81. 

2:45 PM

Stock Market LIVE Updates: Sensex plunges 950 pts intraday, SmallCap index 4%; Why markets fell today?

Stock Market LIVE Updates: In a volatile session On Monday, the BSE Sensex crashed up to 962 points or 1.17 per cent to 80,726.06 levels, while NSE’s Nifty50 fell 244 points or 0.97 per cent at 24,770 levels in intraday deals. The bourses, however, opened in green this morning but erased the gains shortly after slipping deep in red. READ MORE

2:29 PM

Stock Market LIVE Updates: Tata Group stocks trade weak; Tata Power, Tata Chem, Tata Com down up to 6%

Stock Market LIVE Updates: Shares of Tata group companies traded weak at the bourses on Monday, falling by up to 6 per cent on the BSE in intra-day trade. The drop comes amid an overall weakness in Indian equities due to foreign institutional investors' (FIIs') selling.

 

Tejas Networks (down 6 per cent at Rs 1,120.95), Tata Power (down 6 per cent at Rs 441), Tata Communications (down 5 per cent at Rs 1,980.60), Tata Teleservices Maharashtra (down 6 per cent at Rs 76.66) and Tata Chemicals (down 5 per cent at Rs 1,073.75) slipped in the range of 5 per cent to 6 per cent. READ MORE

2:15 PM

Stock Market LIVE Updates: CG Power to buy RF components business of Renesas for $36 mn; share up 3%

Stock Market LIVE Updates: CG Power and Industrial Solutions shares gained up to 2.78 per cent to hit an intraday high of Rs 738.80 per share. 

CG Power’s share price rose after the company announced that it has entered into a definitive agreement i.e., Asset Purchase Agreement with Renesas Electronics America Inc. & other affiliate entities of Renesas Electronics Corporation (Renesas) for acquisition of Radio Frequency (RF) Components business in an all-cash deal. READ MORE

2:02 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices had extended their loses on Monday.

At 2 PM, the BSE Sensex was down 594.23 points, or 0.73 per cent, at 81,094.22, while the Nifty 50 was at 24,782.90, down 231.70 points, or 0.93 per cent.

 

1:48 PM

Stock Market LIVE Updates: Vodafone Idea falls 9% as company likely fails to submit bank guarantees

Stock Market LIVE Updates: Vodafone Idea shares dropped 9 per cent in the intraday trade on Monday, October 7, registering a low of Rs 8.91 per share. Vodafone Idea stock declined after the company missed the deadline to submit bank guarantees.

 

At around 1:04 PM, Vodafone Idea shares were down 7.14 per cent at Rs 9.10 per share. In comparison, the BSE Sensex traded 0.66 per cent lower at 81,068.39 around the same time. READ MORE

1:40 PM

Stock Market LIVE Updates: Gujarat Pipavav Port dips 5% on weak container cargo volumes in Q2FY25

Stock Market LIVE Updates: Gujarat Pipavav Port shares slipped more than 5 per cent on Monday, and registered an intraday low of Rs 202.95 per share after the company said its cargo volume declined on a year-on-year (Y-o-Y) basis.

 

At around 12:15 PM, shares of Gujarat Pipavav Port were down 3.28 per cent at Rs 207.25 per share. In comparison, the BSE Sensex was trading 0.26 per cent lower at 81,472.52, around the same time. READ MORE

1:28 PM

Stock Market LIVE Updates: JSW Steel, JSPL, Tata Steel shares rise 12% in a month; more steam left!

Stock Market LIVE Updates: The Indian metal stocks are having a prime time, with some of them rallying up to 12 per cent in just the last month. In comparison, the Nifty Metal index surged 10 per cent, while the Nifty50 was down 0.7 per cent in the last one month.

The up move comes on the back of demand revival hopes in China, as one of the biggest producers as well as consumer of steel, announced a slew of supporting measures for its economy. While the sentiments are turning in favour of the ferrous metal players, analysts said, the fundamentals aren't quite there yet with Q2 expected to serve as a reality check. READ MORE

1:14 PM

Stock Market LIVE Updates: Manish Tiwary to become Nestle India MD after Narayanan retires in 2025

Stock Market LIVE Updates: FMCG major Nestle India on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires in July next year.

 

Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty take a tumble

Stock Market LIVE Updates: Indian benchmark equity indices had extended their loses on Monday.

At 1 PM, the BSE Sensex was down 509.61 points, or 0.62 per cent, at 81,178.84, while the Nifty 50 was at 24,821.80, down 192.80 points, or 0.77 per cent.

 

12:59 PM

Stock Market LIVE Updates: Ola Electric shares slip 9% on BSE; here is what is worrying investors

Stock Market LIVE Updates: Ola Electric share price lost as much as 9.4 per cent on the BSE, in Monday's intraday trade, and registered an intraday low of Rs 89.71 per share. Including today's loss, Ola Electric's stock has fallen for a third consecutive session, slipping 12.6 per cent during the period.

 

At around 11:20 AM, Ola Electric share price was down 7.21 per cent at Rs 91.91 per share. In comparison, the BSE Sensex traded 0.28 per cent higher at 81,456.57 around the same time. READ MORE

12:51 PM

Stock Market LIVE Updates: EaseMyTrip opens first franchise store in Hyderabad, Telangana

Stock Market LIVE Updates: Easy Trip Planners, which operates EaseMyTrip.com, today announced that it has opened its first franchise store in Hyderabad, Telangana. 

 

The company, in an exchange filing, said, "This is the 18th store unveiled under the company’s flagship program, EaseMyTrip Franchise." 

It added that the new store's launch solidifies the company’s strategy to tap into the offline customer base through a robust network of retail outlets.

12:44 PM

Stock Market LIVE Updates: Vi misses bank guarantees, triggering DoT notice; shares fall over 6%

Stock Market LIVE Updates: Vodafone Idea (Vi) has received a notice from the Department of Telecommunications (DoT) for failing to submit bank guarantees tied to previous spectrum auction dues, according to a report by The Economic Times, citing inside sources. READ MORE

12:40 PM

Stock Market LIVE Updates: SmallCap index down 3%; IIFL Securities, Geojit freeze in 10% lower circuit

Stock Market LIVE Updates: Shares of smallcap companies were under pressure on Monday, as they fell by up to 12 per cent on the BSE after a sharp sell off in Indian equities during the day.

 

Foreign institutional investors (FII) selling Indian equities to book profits here and redirect funds into the Chinese markets was one of the primary reasons for the decline in Indian equities. READ MORE

12:30 PM

Stock Market LIVE Updates: Bandhan Bank share price rises 3% after Q2 total deposits jump 27% YoY

Stock Market LIVE Updates: Shares of private lender Bandhan Bank rose as much as 2.88 per cent to an intraday high of Rs 192.30 per share on Monday, October 07, 2024. 

 

The uptick in Bandhan Bank share price came after the company announced a strong set of business updates in the September quarter of financial year 2025 (Q2FY25). READ MORE

12:21 PM

Stock Market LIVE Updates: Airtel ties up with Fortinet to launch secure connectivity solution for enterprises

Stock Market LIVE Updates: Airtel Business, the B2B arm of Bharti Airtel toda announced that it has tied up with Fortinet, a global networking and security services provider, to launch ‘Airtel Secure Internet’ — a new-age internet security solution offering a robust and fully-managed defence against cyber threats.

The company, in an exchange filing, said, "The unique solution is designed specifically to enhance security over Internet Lease Line (ILL) circuits, combining Airtel’s trusted internet connectivity with Fortinet’s next-generation firewall." 

The company added that the new service offers comprehensive, end-to-end protection through Airtel’s state-of-the-art Security Operations Centre (SOC) and Fortinet’s Security Orchestration, Automation and Response (SOAR) platform. 

 

12:11 PM

Stock Market LIVE Updates: Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid?

Stock Market LIVE Updates: The initial public offering (IPO) of construction company Garuda Construction and Engineering is scheduled to open for public subscription tomorrow. With the IPO, Garuda Construction seeks to raise Rs 264.10 crore.

The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each. READ MORE

12:01 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty down in muted trade

Stock Market LIVE Updates: Indian benchmark equity indices were trading lower on Monday, after giving up gains from the opening bell.

At 12 PM, the BSE Sensex was down 234 points, or 0.29 per cent, at 81,453, while the Nifty 50 was at 24,901.90, down 112 points, or 0.45 per cent.

11:46 AM

Stock Market LIVE Updates: AU Small Finance climbs 3% after releasing Q2 update; check out details

Stock Market LIVE Updates: AU Small Finance Bank share rose 3.2 per cent on Monday, registering an intraday high of Rs 742.6 per share on the BSE. The buying in Au SFB stock came on the back of the small finance bank's July-September (Q2) update.

 

At around 10:00 AM, AU Small Finance Bank share price was up 2.39 per cent at Rs 736.15 per share. In comparison, the BSE Sensex traded 0.32 per cent higher at 81,952.03 around the same time. READ MORE

 

 

11:39 AM

Stock Market LIVE Updates: Why did Titan shares tumble 3% despite stellar Q2 business report?

Stock Market LIVE Updates: Late Rakesh Jhunjhunwala-backed Titan shares fell as much as 2.95 per cent to hit an intraday low of Rs 3,555 per share on Monday, October 7, 2024. 

 

Titan share price dropped despite the company reporting robust business performance for the September quarter (Q2FY25). READ MORE