Market Close Highlights: Sensex ends 400pts up, Nifty at 24,900; Financials, FMCG, Consumer gain

Market Close Highlights: Indian equity benchmark indices ended Monday's trading session higher, even as Asian markets were roiled by weak sentiment emanating from global markets.

4:00 PM

Stock Market Tech View :: 'Nifty faces immediate hurdle at 25,000 - 25,100 levels'

-  On the daily charts we can observe that the Nifty has tested and held on to the support zone 24,850 – 24,800 which coincided with the 20 day moving average and the 38.2 per cent Fibonacci retracement level.

 

-  Today’s low 24,750 shall be the stoploss for the long positions and a breach below it shall lead to a trend reversal from short term perspective. The immediate hurdle on the upside is placed at 25,000 - 25,100.

Views by:  Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

3:58 PM

Stock Market Comment :: 'Markets attempting to gain stability'

- Despite a negative opening amidst weak global cues, the domestic market exhibited some recovery from last week’s steep fall. 

 

- The market is currently attempting to gain stability between potential rate cuts and recession fears in the US. The current trend in the US job data suggests that the anticipated 25 bps rate cut may not be sufficient. 

 

- Moreover, the upcoming data on US inflation and jobless claims will be decisive in assessing the market trend.

 

Views by: Vinod Nair, Head of Research, Geojit Financial Services

 

3:55 PM

Currency check: Rupee ends 1 paisa lower vs US dollar on Monday

The Indian Rupee ended 1 paisa lower at 83.956 against the US dollar on Monday.

 

3:50 PM

Stock Market LIVE Updates: FMCG outperforms other sectoral indices

Stock Market LIVE Updates: The Nifty FMCG index outperformed the other sectoral indices, ending 2.04 per cent higher on Monday.

 

3:44 PM

Stock Market LIVE Updates: Smallcap, Midcap indices settle in red

Stock Market LIVE Updates:  Among the broader markets, Mid-cap and Small-cap shares ended in the red on Monday.

 

3:41 PM

Stock Market LIVE Updates: Sensex Heatmap check

Hindustan Unilever, ICICI Bank, and ITC were among the top gainers on the BSE Sensex, while Tech Mahindra, Tata Steel, and NTPC were among the top laggards.

 

3:36 PM

Stock Market LIVE Updates: Nifty50 settles 84 points higher

Stock Market LIVE Updates: The benchmark NSE Nifty50 ended 183.25 points higher from the day's low to 24,936.40. 

3:33 PM

Stock Market LIVE Updates: Sensex adds 376 points

Stock Market LIVE Updates: The benchmark BSE Sensex ended 664.49 points higher from the day's low to 81,559.54. 

 

3:11 PM

Stock Market LIVE Updates: Shyam Metalics share gains 3% on 5-yr growth plans in steel, aluminium biz

Shyam Metalics and Energy shares soared as much as 3 per cent on Monday, September 9, logging an intraday high of Rs 818 per share. Though, at around 2:22 PM, the stock pared some gains and was up 2.1 per cent or Rs 16.65 at Rs 810.9. By comparison, the BSE Sensex's rose 206.39 points to 81,390.32. READ MORE

 

3:05 PM

Stock Market LIVE Updates: Sensex trades 300 points higher

Stock Market LIVE Updates: The BSE Sensex was was quoted trading 310 points higher at 81,493. 

2:58 PM

Stock Market LIVE Updates: Kamdhenu Ventures to expand premium products line-up; stock climbs 2.5%

Stock Market LIVE Updates: Shares of Kamdhenu Ventures climbed 2.56 per cent to Rs 48.74, just shy of Rs 0.26 from its 52-week high of Rs 49 on the BSE, during intra-day deals on Monday.

The northward move in the smallcap stock came after Kamdhenu Paints, a wholly-owned subsidiary of the Kamdhenu Ventures, announced that it is set to expand its premium product line with the introduction of a new wood coatings range, adhering to international quality standards. READ MORE

 

 

2:47 PM

Stock Market LIVE Updates: Premier Energies extends rally after strong debut; mcap cross Rs 50,000 cr

Stock Market LIVE Updates: The market capitalisation of Premier Energies has crossed Rs 50,000 crore after the stock price of the solar cell manufacturer rallied 9 per cent to hit a new record high of Rs 1,190.35 on the BSE in Monday’s intra-day trade.

Premier Energies was trading 6 per cent higher at Rs 1,157 on the BSE, with a market cap of Rs 52,155 crore at 1:57 PM. In comparison, the BSE Sensex was up 0.27 per cent at 81,402. READ MORE

2:37 PM

Stock Market LIVE Updates: JSW Infrastructure stock up as co approves capex of Rs 2,359 cr to expand capacity

Stock Market LIVE Updates: Shares of JSW Infrastructure gained 1.5 per cent after the company today approved a capex of Rs 2,359 Crore for the capacity expansion at its Jaigarh and Dharamtar Port.

The company, in an exchange filing, said, "As a part of the company’s FY2030 growth plan to increase capacity to 400 Million Tonnes Per Annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh)." 

The company added that the capex plan includes mechanical, civil, and electrical work for new berths and additional infrastructure, such as railway siding for Jaigarh Port, to boost third-party cargo movement.

2:30 PM

Stock Market LIVE Updates: Bajaj Housing Finance's $782 mn float kicks off busy week for Indian IPOs

Stock Market LIVE Updates: Bajaj Housing Finance's $782 million public offer opened on Monday, kicking off the busiest week for Indian IPOs so far this year as companies seek to capitalise on a booming stock market amid a retail investor frenzy. India's stock market has hit record highs over 50 times this year and has seen about 200 companies raise more than $7 billion through IPOs, including high-profile offerings from EV-maker Ola Electric Mobility and telecom operator Bharti Hexacom. READ MORE

2:22 PM

Stock Market LIVE Updates: PNB revises savings account service charges from October 1: Check details

Stock Market LIVE Updates: Punjab National Bank (PNB) has announced revisions in service charges for its savings accounts, effective from October 1, 2024. The changes include adjustments to minimum average balance requirements, locker fees, and charges for demand drafts and cheque returns. READ MORE

 

2:11 PM

Stock Market LIVE Updates: FPIs seek legal route to dodge Sebi norms; deadline to disclose BO expires

Stock Market LIVE Updates: Some FPIs have sought legal avenue to avoid complying with rules requiring disclosure of ultimate beneficial ownership (BO) to the markets regulator Sebi as the deadline expires on Monday. READ MORE

 

2:06 PM

Stock Market LIVE Updates: Wardwizard Innovations to form joint venture in Saudi; share price rises 6%

Stock Market LIVE Updates: Shares of Wardwizard Innovations and Mobility rose up to 5.93 per cent to hit an intraday high of Rs 57.45 per share on Monday, September 9, 2024. The uptick in Wardwizard Innovations and Mobility share price came after the company on Friday, September 6, 2024, said it received a letter of intent (LoI) to form a joint venture (JV) in Saudi Arabia. READ MORE

2:05 PM

Stock Market LIVE Updates: Nifty trades 40 pts higher

Stock Market LIVE Updates: Nifty trades 44.4 pts higher at 24,896.55 levels. 

2:02 PM

Stock Market LIVE Updates: Sensex up 220 points

Stock Market LIVE Updates: Sensex up 225 points at 81,408.79 levels.

1:57 PM

Stock Market LIVE Updates: Shriram Finance plans to raise $1 bn from overseas; shares hit a life high

Stock Market LIVE Updates: Shares of Shriram Finance, a non banking financial company (NBFC), rose up to 2.1 per cent intraday to clock a fresh all-time high of Rs 3,310 per share on Monday, September 9. READ MORE

 

1:46 PM

Stock Market LIVE Updates: Va Tech Wabag stock soars as Axis Sec initiates coverage with 'Buy' rating

Stock Market LIVE Updates: Va Tech Wabag (VTW) stock price surged up to 2.3 per cent intraday high of Rs 1344.15 per share on the BSE on Monday. This came amid a positive development for the firm as the domestic brokerage firm Axis Securities, initiated coverage on the water supply and management company with a ‘Buy’ rating at a target price of Rs 1,700 per share. This is valued at 23 times its FY26 earning per share, reflecting an upside of 29.4 per cent from Friday’s closing price. READ MORE

 

1:37 PM

Stock Market LIVE Updates: Tolins Tyres' IPO opens today; should you bid?

Stock Market LIVE Updates: The subscription window of Tolins Tyres Ltd mainboard initial public offer (IPO) opened today, September 9. The IPO is a book-built issue of Rs 230 crore and comprises a fresh issue of 8.8 million shares aggregating to Rs 200 crore, coupled with an offer for sale of 0.013 million shares aggregating to Rs 30 crore. READ MORE

 

1:25 PM

Stock Market LIVE Updates: IndiGo eyes global expansion with new routes, cargo growth by 2030

Stock Market LIVE Updates: IndiGo is set to expand its international network and bolster its cargo operations over the next few years as part of a broader goal to establish itself as a major global airline by 2030, reported The Economic Times, citing CEO Pieter Elbers. Elbers revealed plans to double the airline’s international destinations to 40 by March 2025, with a focus on untapped markets for Indian travellers. READ MORE

1:10 PM

Stock Market LIVE Updates: Market check: Sensex surges 100 pts

BSE Sensex soared around 136 points or 0.17 per cent to 81,320 level. 

12:55 PM

Stock Market LIVE Updates: Final Hours! Shree Tirupati Balajee IPO ends today; GMP up 72%; bid now?

Shree Tirupati Balajee IPO: Shree Tirupati Balajee IPO continues to receive favorable demand from investors as the public issue has been subscribed 37.45 times. The three-day subscription window to bid for the Shree Tirupati Balajee IPO, which opened on Thursday, September 5, 2024, ends today. Read more

12:39 PM

Stock Market LIVE Updates: Bhavish Aggarwal-led Ola Electric slips 4% as 30-day anchor lock in ends

Ola Electric shares fall: Ola Electric Mobility, a Bengaluru based electric two-wheeler manufacturer, shares slipped as much as 4.14 per cent to hit an intraday low of Rs 105.1 per share on Monday, September 9, 2024. 

The counter saw selling after its minimum 30-day anchor lock in period concluded on Friday, September 6. Read more

12:30 PM

SME IPO surge: These 4 firms invite bids today; price, lot size and more

A total four small and medium enterprises (SME) initial public offerings (IPO) are inviting bids for their respective issues starting from Monday, 9, September, 2024. These are Aditya Ultra Steel, Shubhshree Biofuels Energy, Share Samadhan and Gajanand International. The companies will list on NSE SME platform. Read more

12:16 PM

Stock Market LIVE Updates: Asian market update - Hang Seng leads losses

Hong Kong's Hang Seng index fell the most in Asia on Monday, trading 2.06 per cent lower, followed by Japan's Nikkei and others. 

12:08 PM

Stock Market LIVE Updates: Market check; Sensex rangebound

BSE Sensex was trading in a rangebound pattern on  Monday, trading 0.10 per cent higher at 81,263 levels. 

11:54 AM

Brokerages upbeat on Bajaj Housing Finance IPO; GMP up 81%; should you bid?

Bajaj Housing Finance IPO opens today: The initial public offering (IPO) of the much-awaited Bajaj Housing Finance, India’s second-largest housing finance company and a wholly-owned subsidiary of Bajaj Finance, opens for public subscription today. 

Bajaj Housing Finance has announced that it has already raised Rs 1,758 crore from anchor investors during the bidding that concluded on Friday, September 6, 2024. Read more