Stock Market Highlights, Sept 5: Sensex sheds 151pts, Nifty ends below 25,150; Smallcap stocks shine

Stock Market LIVE Highlights: The day ended in favor of bears as many as 33 out of 50 constituent stocks of Nifty50 ended lower, dragged by RIL, Cipla, and Dr Reddy's Labs

4:15 PM

Stock Market Tech View :: 'Nifty faces immediate hurdle at 25,300 – 25,350'

- Nifty opened gap up today however witnessed profit booking during the course of the day to close in the red down 50 points. On the daily charts we can observe that after the gap down in the previous trading session the price structure has weakened.

- The uptrend is still intact however there is high probability of a consolidation within the range of 25,000 – 25,350 over the next few trading sessions. Dips towards the support zone 25,100- 25,050 should be used as a buying opportunity. On the upside immediate hurdle is placed at 25,300 – 25,350.

 

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

4:12 PM

Stock Market Comment :: 'Markets seek new catalysts'

- The benchmark indices continued to trade with minor losses due to concern of slowdown in the US & Chinese economy.

- The market is now seeking new catalysts, particularly in how the Fed evaluates the challenge of achieving a soft landing. Meanwhile, the broader market outperformed, benefiting from positive service PMI data that suggests supportive domestic economic conditions."

 

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

4:07 PM

Rupee Closing Update :: Rupee ends mildly soft

>> Rupee ends 1 paise weak at 83.98 per US dollar

 

4:01 PM

Stock Market Closing Bell LIVE Updates :: Broader indices end mixed, SmallCaps outshine

>> BSE SmallCap index added 0.56 per cent

 

 

 

3:59 PM

Stock Market Closing Bell LIVE Updates :: Auto, Realty drag; IT leads

>>  IT, Consumer Durables, Banks defy trend

 

>> Nifty Realty index falls 0.97%

 

3:50 PM

Stock Market Closing Bell LIVE Updates : RIL, Tata Motors, Nestle India drag Sensex

>> 20 of 30 index stocks fall
 

>> Reliance Industries, Tata Motors, Nestle India, and Bharti Airtel, were the top laggards

 

3:45 PM

Stock Market Closing Bell LIVE Updates :: Nifty ends below 25,150

>> Nifty50 shed 53.60 points or 0.21 per cent to settle at 25,145.10 on Thursday. 

3:40 PM

Stock Market Closing Bell LIVE Updates :: Sensex ends 151 points lower

>> The BSE Sensex ends over 151.48 points lower at 82,201.16 on Thursday

 

3:20 PM

Stock Market LIVE Updates: DMart rallies 4% in weak market on hopes of demand and margins improvement

Stock Market LIVE Updates:  Shares of Avenue Supermarts (DMart) hit a two-year high of Rs 5,300, gaining 4 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market on hopes of improvement in discretionary demand and margins. In comparison, the BSE Sensex was down 0.22 per cent at 82,172 at 02:43 pm. READ MORE

 

2:59 PM

Stock Market LIVE Updates: Adani Group in talks with global banks to sell $1.5 billion of dollar bonds

Stock Market LIVE Updates: Billionaire Gautam Adani’s conglomerate is in talks with global banks to raise at least $1.5 billion through dollar bond sales, a further indicator of the group’s rebound from a short seller attack. READ MORE

 

2:51 PM

Stock Market LIVE Updates: This smallcap payments bank has zoomed 57% in 6 wks; trades below IPO price

Stock Market LIVE Updates:  Shares of Fino Payments Bank (Fino Bank) surged 8 per cent to hit an over two-year high of Rs 449.95 on the BSE in Thursday’s intra-day trade, on improved business performance. READ MORE

 

2:43 PM

Stock Market LIVE Updates: Suzlon stock has done this for the first time in 4 months; what next?

Stock Market LIVE Updates: This multibagger stock has zoomed 967 per cent since the start of the financial year 2023-24. Amid this 18-month rally, Suzlon stock hit a high of Rs 84.29 as against a close of Rs 7.90 at the end of March 2023. This phenomenal run on the bourses could have yielded up to 10.7-fold returns in less than 18 months. This means that an investment of Rs 1,00,000 at the end of March 2023 could have been worth Rs 10.67 lakh at its peak on August 12; and still worth Rs 9.70 lakh as of date. READ MORE

2:26 PM

Stock Market LIVE Updates: Alembic Pharma shares jump 5% after USFDA approval; check details here

Stock Market LIVE Updates: Alembic Pharma share price surged up to 5 per cent at Rs 1,170.60 per share on the BSE in Thursday’s intraday trade. The share price moved up after the pharmaceutical company disclosed that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Albendazole Tablets USP, 200 mg. READ MORE

 

2:14 PM

Stock Market LIVE Updates: Titan, Hero MotoCorp lead; Nestle India, Britannia drag

Stock Market LIVE Updates:  Titan and Hero Motorcorp were leading the gains on the NSE Nifty50, while Nestle India and Britannia Industries were among the top laggards of the index.

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices were off their intraday lows, but were still trading in the red, amid weak global cues.

At 2:00 PM, the BSE Sensex was down 90 points, or 0.11 per cent, at 82,262, while the Nifty 50 was at 25,175, down 23 points, or 0.09 per cent. 

1:59 PM

Stock Market LIVE Updates: Concord Biotech shares hit all time high; Antique Broking reiterates 'Buy'

Stock Market LIVE Updates: Concord Biotech hits all-time high: Biotechnology company Concord Biotech shares surged up to 6.2 per cent to hit an all time high of Rs 1,899 per share on BSE. 

However, at 1:38 PM, shares of Concord Biotech were trading 3.73 per cent or Rs 66.75 higher at Rs 1,853.95 per share. In comparison, BSE Sensex was trading 0.12 per cent lower at 82.257.34 levels. READ MORE

1:45 PM

Stock Market LIVE Updates: Nazara Technologies shares surge 4% after signing MoU with Telangana Govt

Stock Market LIVE Updates: Nazara Technologies share price surged up to 4.3 per cent at Rs 987.95 per share on the BSE in Thursday’s intraday deals.

Nazara Technologies share price moved up after the company joined hands with the Telangana state government to open an artificial intelligence (AI) centre of excellence (CoE). READ MORE

1:32 PM

Stock Market LIVE Updates: Coffee Day, Barbeque-Nation: No long queues yet to buy restaurant stocks

Stock Market LIVE Updates: Even though you may have to wait in a queue before finding a seat in your favourite restaurant for a meal, or even tea/coffee, investors, it seems, are not queueing up in large numbers to buy stocks of listed restaurants.

 

Thus far in calendar year 2024 (CY24), stocks such as Coffee Day Enterprises, Speciality Restaurants, Barbeque-Nation Hospitality, Restaurant Brands Asia and Westlife Foodworld have lost up to 42 per cent, shows ACE Equity data. READ MORE

1:16 PM

Stock Market LIVE Updates: Baazar Style Retail IPO: GMP hints double digit listing gains for investors

Stock Market LIVE Updates: As investors await the debut of Baazar Style Retail shares on the bourses, the grey market premium (GMP) indicates a favourable debut for the company's shares on the BSE and NSE, scheduled for Friday, September 6, 2024.

Ahead of the listing, the unlisted shares of Baazar Style Retail, whose IPO allotment was finalised yesterday, were quoted at a premium of Rs 45, or 11.57 per cent higher than the upper end of the issue price of Rs 334, according to several sources that track grey market activities. READ MORE

 

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices were off their intraday lows and trading in the red, amid weak global cues.

At 1:00 PM, the BSE Sensex was down 67 points, or 0.08 per cent, at 82,285, while the Nifty 50 was at 25,186, down 12 points, or 0.05 per cent. 

 

12:46 PM

Stock Market LIVE Updates: Titan gains 3%, hits nearly five-month high on decline in gold prices

Stock Market LIVE Updates: Shares of Titan Company hit a nearly five-month high of Rs 3,730, as they rallied 3 per cent on the BSE in Thursday’s intra-day trade, in an otherwise subdued market, on expectations of an improvement in consumer demand due to soft gold prices. READ MORE

12:33 PM

Stock Market LIVE Updates: Sebi sets up new expert group of 22 members on listing obligations

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has set up a 22-member advisory committee to streamline the rules for listing obligations and disclosures.

The expert group will be chaired by R Gandhi, former deputy governor of the Reserve Bank of India (RBI). The committee, formed on August 28, will advise Sebi on corporate governance, harmonisation of listing and post-listing obligations, and disclosure requirements. READ MORE

 

12:16 PM

Stock Market LIVE Updates: Dilip Buildcon bags Rs 1,341-crore project to construct twin-tube tunnel in Kerala

Stock Market LIVE Updates: Dilip Buildcon today announced that it has been declared the L-1 (lowest bidder) for the construction of a twin-tube unidirectional tunnel (2-lanes in each direction) in Kozhikode and Wayanad districts of Kerala. 

The project, with a bid amount of Rs 1,341, also includes the construction of a four-lane approach road for direct connectivity between Anakkampoyil – Kalladi – Meppadi.

 

12:03 PM

Stock Market LIVE Updates: Nifty50 slips marginally

Stock Market LIVE Updates: Nifty50 was trading 0.07 per cent lower at 25,181.25 levels.

12:02 PM

Stock Market LIVE Updates: Sensex slips in negative territory

Stock Market LIVE Updates: Sensex was trading 0.14 per cent lower at 82,239.79 levels.

12:00 PM

Stock Market LIVE Updates: Excess rainfall dampens passenger vehicle sales in Aug; down 4.5%: Fada

Stock Market LIVE Updates: Owing to the impact of excess rainfall, passenger vehicle (PV) retail sales in India declined by 4.53 per cent in August to 3,09,053 units, compared to 3,23,720 units during the same month in 2023, according to the Federation of Automobile Dealers Associations (FADA). Inventory levels also reached historic highs, with stock days now stretching to 70-75 days and inventory totalling 780,000 vehicles, valued at an alarming Rs 77,800 crore. READ MORE

 

11:58 AM

Stock Market LIVE Updates: World Bank approves $68 mn cross-border bank lifeline for Pacific Islands

Stock Market LIVE Updates: The World Bank's board has approved a $68 million programme to prevent Pacific Island nations from being cut off from the international financial system that underpins tourism, trade and aid flows, the lender's President Ajay Banga said on Thursday. READ MORE

11:57 AM

Stock Market LIVE Updates: Officer's Choice Whiskey maker's shares rally after JV with Ranveer Singh

Stock Market LIVE Updates: Shares of Allied Blenders and Distillers moved up by 2.77 per cent at Rs 359.55 per share on the BSE. The Allied Blenders and Distillers share price surged after the company disclosed that it plans to acquire a majority stake in new company and set up joint venture with Bollywood actor Ranveer Singh. READ MORE

 

11:56 AM

Stock Market LIVE Updates: Demat accounts surge past 171 mn -mark, 4.2 mn added in August

Stock Market LIVE Updates: The number of dematerialised (demat) accounts—used for holding shares and other securities electronically—rose by 4.2 million in August, reaching a total of 171.1 million. This marks an average addition of 4 million accounts per month since the beginning of 2024. READ MORE

11:52 AM

Stock Market LIVE Updates: Sebi sets up new expert group of 22 members on listing obligations

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has set up a 22-member advisory committee to streamline the rules for listing obligations and disclosures. The expert group will be chaired by R Gandhi, former deputy governor of the Reserve Bank of India (RBI). The committee, formed on August 28, will advise Sebi on corporate governance, harmonisation of listing and post-listing obligations, and disclosure requirements. READ MORE