Stock Market Close Highlights: Sensex sheds 836pts; Nifty ends below 24,200; all sectors end in red

Share Market Highlights: Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday

3:58 PM

Stock Market Highlights LIVE Updates: Investors restricted their equity bets ahead of the US Fed's policy

Markets failed to capitalise on its firm start, as selling pressure resumed after yesterday's breather. The fall can be attributed to continuing foreign fund outflows after the rupee slumped to fresh lows following strength in the US dollar.

Investors restricted their equity bets ahead of the US Fed's policy announcement as they are unsure of the rate cut this time on concerns of a likely uptick in inflation.

(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)

3:55 PM

Stock Market Highlights LIVE Updates: Sentiment may worsen if Nifty decisively sustains below 24,200

The Nifty slipped sharply as the index failed to move beyond the 21 EMA, leading to significant profit booking in the market. On the daily chart, a bearish engulfing pattern has formed, indicating weak market sentiment. This sentiment may worsen if the Nifty decisively sustains below 24,200. On the higher end, the 24,500-24,550 range may act as resistance.

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

3:46 PM

Stock Market Highlights LIVE Updates: Nifty Metal, Pharma, Auto bleed

Among sectors, Nifty Metal, Nifty Pharma and Nifty Auto led losses on Thursday.

3:43 PM

Stock Market Highlights LIVE Updates: Broader markets fall

The broader markets fell in line with benchmarks, with BSE MidCap index falling 0.67 per cent, while BSE SmallCap index slipping 0.44 per cent. 

3:40 PM

Stock Market Highlights LIVE Updates: Apollo Hospitals, SBI gain on NSE

Apollo Hospitals was the top gainer on BSE, surging over 6 per cent in otherwise a weak market.

3:37 PM

Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in red on Sensex

Tech Mahindra, Tata Motors and Ultratech Cement were the top losers on BSE Sensex.

3:34 PM

Stock Market Highlights LIVE Updates: Nifty50 closes below 24,200

NSE's Nifty50 settled at 24,199 level, down 284 points 1.16 per cent on Thursday.

3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends over 800 pts down

The BSE Sensex closed 836 points down or 1.04 per cent at 79,541 level. 

3:21 PM

Stock Market LIVE updates: Endurance Technologies shares jump 6% on healthy Q2FY25 results; details

Shares of Endurance Technologies jumped 6.41 per cent to a day's high of Rs 2,533.20 on the NSE during intra-day deals, in an otherwise weak market on Thursday. 

 

The northward movement in the company’s stock price came on the back of company's strong financial results for the second quarter of FY25, reported on November 6, 2024, after market hours. Read more

3:09 PM

Stock Market LIVE updates: SBI stock hits 3-month high ahead of Q2 results; gains 10% in 2 weeks

Shares of State Bank of India (SBI) moved higher by nearly 1 per cent to Rs 862.45, hitting an over 3-month high on the BSE in Thursday’s intra-day trade in an otherwise weak market ahead of its financial results for the second quarter ended September 2024 (Q2FY25). Read more

3:03 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was down 822 points, or 1.02 per cent lower, at 79,555.22, and the Nifty 50 was at 24,195.55, down 288 points, or 1.18 per cent.

 

2:55 PM

Stock Market LIVE Updates: Shakti Pumps shares hit 5% upper circuit after bagging Rs 116-cr work order

Stock Market LIVE Updates: Shakti Pumps shares were locked in a 5 per cent upper circuit on BSE at Rs 4,823.8 per share. In comparison, around 1:35 PM, the BSE Sensex was down 1 per cent at 79,574.2. The market capitalisation of the company stood at Rs 9,664.53 crore. The 52-week high of the stock was at Rs 5,151 per share on BSE and 52-week low of the stock was at Rs 929.15 per share.

 

The stock moved northward after the company received a Rs 1,16.36 crore work order from the Haryana Renewable Energy Department for 3,174 pumps. READ MORE

 

2:49 PM

Stock Market LIVE Updates: Eureka Forbes share price rallies 6% as Q2 profit zooms 85% YoY

Stock Market LIVE Updates: Shares of Eureka Forbes surged up to 6 per cent to hit an intraday high of Rs 628.50 per share on Thursday, November 7, 2024. 

The rise in Eureka Forbes share price came after the company posted a stellar set of September quarter results. READ MORE

 

2:46 PM

Stock Market LIVE Updates: Avalon Technologies skyrockets 20%, hits 52-week high on Nov 7; here's why

Stock Market LIVE Updates: Shares of Avalon Technologies jumped 19.84 per cent at Rs 707 per share on the BSE in Thursday’s intraday trade after the company reported a strong second quarter earnings for the financial year 2024-25 (Q2FY25).

 

Avalon Technologies reported net profit soared 140 per cent year-on-year to Rs 17.48 crore in the September quarter of FY25, as against a net profit of Rs 7.28 crore in Q2FY24. READ MORE

 

2:31 PM

Stock Market LIVE Updates: Vijaya Diagnostics' Q2 PAT jumps 25% YoY to Rs 41.94 crore

Stock Market LIVE Updates: Vijaya Diagnostics posts Q2 revenue from operations at Rs 182.95 crore, up 31.8 per cent YoY from Rs 138.86 crore, and up 17.1 per cent from Rs 156.22 crore in the previous quarter.

The company's operating income (Ebitda) came in at Rs 75.98 crore, up 32.5 per cent from Rs 57.37 crore in the year ago quarter and up 24.1 per cent from Rs 61.24 crore in the previous quarter.

The company's profit after tax came in at Rs 41.94 crore, up 25.9 per cent YoY from Rs 33.32 crore in the previous-year quarter, and up 33.8% sequentially from Rs 31.35 crore.

 

2:18 PM

Stock Market LIVE Updates: India's 'high' premium valuations can come with upsides: Market gurus

Stock Market LIVE Updates: India's premium valuations, relative to other emerging markets, are not only justified but can also present upsides, according to experts in a panel discussion with A K Bhattacharya, editorial director at Business Standard, during India’s biggest banking, financial services, and insurance (BFSI) event on Thursday. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Why Sensex fell 959 pts, Nifty 302 pts, after Trump's US election victory

Stock Market LIVE Updates: Indian benchmark indices – Sensex and Nifty – dropped in trade on Thursday, November 7, 2024 despite Republican Donald Trump' s victory in the United States Presidential Election 2024.

 

The BSE Sensex dropped up to 1.19 per cent or 958.79 pts to 79,419.34 levels. Similarly, NSE Nifty50 tanked 1.23 per cent or 302.1 points to 24,181.95 levels. 

Broader markets also felt the heat. BSE SmallCap index fell up to 277.36 points or 0.5 per cent to an intraday low of 55,730.77 levels. On the other hand, the BSE MidCap index slipped 351.04 or 0.74 per cent to 46,592.98 levels. READ MORE

 

 

2:10 PM

Stock Market LIVE Updates: Delta Corp share price falls 6% on weak September quarter earnings; details

Stock Market LIVE Updates: Casino company Delta Corp shares slipped up to 6.20 per cent to hit an intraday low of Rs 111.95 per share on Thursday, November 07, 2024. 

 

The fall came after the company reported a weak set of September quarter earnings on November 06, 2024.

The company’s consolidated net profit plunged 61.1 per cent year-on-year (Y-o-Y) to Rs 27 crore in the September quarter of financial year 20245 (Q2FY25), as opposed to Rs 69.4 crore in the September quarter of financial year 2024 (Q2FY24). READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade with deep cuts

Stock Market LIVE Updates: Indian benchmark equity indices were trading lower, amid mixed global cues. 

At 2 PM, the BSE Sensex was 791 points, or 0.98 per cent lower, at 79,587, and the Nifty 50 was at 24,212, down 271 points, or 1.11 per cent.

1:52 PM

Stock Market LIVE Updates: Domestic investors lead as mutual fund inflows push DII share to new height

Stock Market LIVE Updates: The share of domestic Mutual Funds (MFs) in companies listed on the National Stock Exchange ( NSE)  rose to yet another all-time high of 9.45 per cent as on September 30, 2024 from 9.18 per cent as on June 30, 2024, powered by strong net inflows of Rs 89,038 crore during the quarter, showed data analysed by primeinfobase.com. READ MORE

 

1:44 PM

Stock Market LIVE Updates: TeamLease slips 11%; hits lowest level in CY 2024 post Q2 results

Stock Market LIVE Updates: TeamLease Services share price slipped 11 per cent to Rs 2,541.45 on the BSE in Thursday's intraday trade amid heavy volumes on expectation of muted December quarter (Q3FY25) earnings. The stock price of the people supply chain company hit its lowest level in calendar year 2024.

 

TeamLease share price is trading close to its 52-week low level of Rs 2,424 which it touched on December 13, 2023. The stock has corrected 31 per cent from its 52-week high price of Rs 3,692.45 hit on May 22, 2024. READ MORE

 

1:30 PM

Stock Market LIVE Updates: Rs 100 trn AUM? Just 3-4 years away, say mutual fund CEOs at BS BFSI Summit

Stock Market LIVE Updates: At the Business Standard BFSI Insight Summit on Thursday, top leaders of India's mutual fund companies expressed confidence that it will take no more than three to four years for the industry’s assets under management (AUM) to reach Rs 100 trillion.

 

During a discussion with Business Standard consulting editor Tamal Bandyopadhyay, A Balasubramanian, managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, emphasised that the focus is not solely on achieving an AUM of Rs 100 trillion but on expanding the investor base. "It's not about the AUM of Rs 100 trillion; it’s about the number of investors," he said. READ MORE

 

1:29 PM

Stock Market LIVE Updates: BS BFSI Summit: MF CIOs flag market risks, stress need for diversification

Stock Market LIVE Updates: A panel of leading mutual fund chief investment officers (CIOs) gathered to discuss current market conditions on Day 2 of the Business Standard BFSI Summit on Thursday, November 7.

The discussion on "Is the market in a bubble zone?" revealed a cautious optimism among panellists, who agreed that while some parts of the market are overheated, the broader outlook for Indian markets remains positive. READ MORE

 

1:25 PM

Stock Market LIVE Updates: MSCI Nov rebalancing impact: BSE, Oberoi gain 3%, Alkem Labs down 2%

MSCI rebalacing review stocks: BSE, Voltas, and Oberoi Realty shares edged higher, while Kalyan Jewellers, HDFC Bank, and Alkem Laboratories shares traded in the negative territory in the afternoon trade on NSE after MSCI announced its November rebalancing results.

 

 

Around 12:09 PM, individually, BSE shares were up 3.32 per cent, Oberoi Realty was up 2.12 per cent, and Voltas was up 0.12 per cent on NSE. Conversely, Kalyan Jewellers was down 0.29 per cent and Alkem Laboratories was down 2.31 per cent. In comparison, the NSE Nifty was down 1.14 per cent at 24,205.10. Read more

1:07 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: We are investing with a 7-10 year perspective and in that perspective Indian market is highly attractive. A lot of good work and formalisation is taking place in the MSME sector and they are growing really well and as they scale up it becomes further attractive.

 

Couple that with manufacturing which is going to be a very big base for India - its 16 per cent of the GDP today with a 24 per cent of the GDP target, now this is a massive jump which will also result in corporate profitability. 

1:05 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Sunil Singhania: FII selling has been massive in the past one or two years but domestic investors have backed continuously in a very structured way. And this is likely to continue

1:04 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: India's stock market has defied global uncertainties, posting impressive 15-20% CAGR returns over the last 20 years, weathering the 2008 crisis, wars, pandemics, and government changes.

 

Vitals of economies are strong, external factors may bring volatility, but Indian markets have enough strength to come back from it.

1:03 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: Vitals of the economy are strong. Externalities might bring some volatility, but structural growth is strong, and that is what investors need to keep in mind while dealing with risks and crises.

1:00 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: Despite numerous uncertainties, India has given returns of 15-16% CAGR returns over a 20-year period.

If you are worried about intermittent volatility, you should not be equity investor. So, longer the horizon, lower the risk.

 

12:57 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Prashant Jain: I believe the growth in consumption should be moderate compared to expectations. And lower inflation is great but it also means lower growth in rupee terms and that is why cost of capital has come down. And hence, the GST revenues growing around 9 per cent a year and I do not think they will grow too much as the catch up from less formalisation to formalisation has happened.