Stock Market Highlights, Sept 12: Benchmarks log record close; Sensex adds 1439pts, Nifty near 25400

Stock Market Highlights: The BSE Sensex crossed the 83,000-mark and the Nifty surpassed the 25,400 level for the first time today in the intraday trade

4:02 PM

Stock Market Tech Outlook: 'Nifty may extend rally towards 25,500'

The Nifty has broken out of its recent consolidation on the daily chart, indicating a rise in optimism. Additionally, the index has been sustaining above the critical 21-day EMA, a near-term moving average.

The RSI on the daily chart shows a bullish crossover, reinforcing the positive sentiment. The trend is expected to remain strong, as the index closed above the recent consolidation high. On the upside, the rally could potentially continue toward the 25,470–25,500 range, while support is seen at 25,100.

Views by: Rupak De, Senior Technical Analyst, LKP Securities. 

3:50 PM

Stock Market Comment: 'Bulls took charge today amid strong global cues'

The bulls took charge towards the end of the day and lifted the indices to a new high, mirroring the bullish global trend. The rate-cut optimism across the globe (ECB & US Fed) has provided a positive impetus to the global market.  The subsequent leg of the rally will be influenced by the outcome of domestic inflation and IIP data while the corporates core earnings are forecast to improve in Q2 on a QoQ basis.

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

3:41 PM

Stock Market Closing Bell LIVE Updates: MidCap index ends over 1% higher today

>> BSE MidCap index gains 1.3%, while the BSE SmallCap index rises 0.8%
 

3:40 PM

Stock Market Closing Bell LIVE Updates: Broad-based rally sweeps market

>> Metal Index ends nearly 3 per cent higher, Auto index 2.14 per cent

>> Realty, PSU Banks, Financials, IT other top sectoral gainers

3:38 PM

Stock Market Closing Bell LIVE Updates: Only 1 stock ends lower on Sensex

>> Only Nestle India shares slipped on Sensex today

>> Bharti Airtel, NTPC, JSW Steel, M&M, Adani Ports, Tech M, and L&T end as top Sensex gainers today, Sept 12

3:35 PM

Stock Market Closing Bell LIVE Updates: Nifty ends near 25,400

>> NSE Nifty50 closed the session at 25,388.90, clocking gains of 470.45 points or 1.89%

>> Index hit an all-time high of 25,433.35 intraday
 

3:34 PM

Stock Market Closing Bell LIVE Updates: Sensex surges over 1,400 pts, ends at record closing high

>> BSE Sensex ended at 82,962.71, up 1439.55 points or 1.77%

>> Index hit a record high of 83,116.19 intraday

3:28 PM

Why Sensex soared 1,600 pts, hit 83k today, Nifty scaled new high of 25,400

Bharti Airtel was leading from the front, rising nearly 4 per cent on the NSE and the BSE. Hindalco, NTPC, Shriram Finance, Hero MotoCorp, ONGC, Wipro, Adani Ports, M&M, JSW Steel, Grasim, Bajaj Auto, Tata Steel, and Apollo Hospitals were some of the other gainers, advancing between 2 per cent and 3.7 per cent. READ MORE

3:20 PM

HDFC Bank stock ready for a breakout after 2 months; can rally another 7%

Chart shows, that the key momentum oscillators like the RSI (Relative Strength Index), MACD (Moving Average Convergence-Divergence) and Slow Stochastic are all placed favourably across time-frames. Thus, indicating a higher possibility of the stock breaking barriers on the upside. READ MORE

3:05 PM

Granules tanks 16% on concerns over 6 observations issued by US FDA

Till 02:08 PM, more than 31 million equity shares, representing 12.89 per cent equity share of the pharmaceutical company, had changed hands on the NSE. The stock was trading 15 per cent lower at Rs 573.10 at last check, compared to the 1.2 per cent rise in the Nifty 50. READ MORE

2:48 PM

Stock Market LIVE Updates: Sebi considers new stricter rules to curb risks as tiny IPOs boom

Stock Market LIVE Updates: India’s securities regulator is considering tighter oversight on micro-cap firms going public, including monitoring the use of their funds and imposing stricter due diligence guidelines for merchant bankers, according to a person involved in the discussions. READ MORE

 

2:40 PM

Stock Market LIVE Updates: Rupee in focus

Stock Market LIVE Updates: USDINR CMP- 83.9825 (spot) Indian Rupee traded range bound with a slight positive bias today on positive domestic and Asian markets. However, a positive US Dollar and surge in crude oil prices capped sharp gains.

Dollar gained as CPI rose in August (M-o-M), which trimmed expectations of a 50 bps rate cut at the FOMC meeting next week. Core CPI increased 0.3 per cent in August (M-o-M) versus forecast of 0.2 per cent. However, annual inflation cooled off to 2.5 per cent (Y-o-Y) in August versus 2.9 per cent in July and in line with the forecast of 2.5 per cent.

 

We expect the Rupee to trade with a slight negative bias on positive US Dollar and a recovery in crude oil prices. However, a rise in risk appetite in global markets may support the Rupee.

Any intervention by the RBI may support the Rupee at lower levels. Traders may take cues from India’s CPI data and ECB monetary policy. Investors may remain cautious ahead of the US FOMC meeting next week. USDINR spot price is expected to trade in a range of Rs 83.80 to Rs 84.20.

 

Views By: Anuj Choudhary, research analyst, Sharekhan by BNP Paribas

 

2:37 PM

Stock Market LIVE Updates: Tata Motors, MG offer free charging, battery rentals to lure EV buyers

Stock Market LIVE Updates: India's top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. READ MORE

2:30 PM

Stock Market LIVE Updates: Bharti Airtel stock hits 52-week high after expanding Wi-Fi services to J&K

Stock Market LIVE Updates: Shares of Bharti Airtel, one of the leading telecommunications company of India rose as much as 2.02 per cent to record its 52-week high on NSE at Rs 1,577.80 per share on Thursday’s intraday trade. Bharti Airtel share price today moved up after the company announced that it has expanded its home Wi‐Fi service across all the 22 districts of the Union Territories of Jammu and Kashmir and Leh-Ladakh. READ MORE

2:23 PM

Stock Market LIVE Updates: C.E. Infosystems partners with Zoomcar; share price rises 3%

Stock Market LIVE Updates: C.E. Info Systems share price today added 3.2 per cent on BSE and touched an intraday high of Rs 2124.95 per share. The up move in the stock came after the company announced its partnership with Zoomcar. READ MORE

 

2:14 PM

Stock Market LIVE Updates: Domestic steel consumption likely to see 9-10% growth in FY25, says ICRA

Stock Market LIVE Updates: Domestic steel consumption is likely to witness 9-10 per cent growth this financial year, rating agency ICRA said on Thursday. The demand for steel was robust in the first quarter of the ongoing financial year with consumption growing at a rate of 15 per cent on a year-on-year basis amidst competitively priced imports. READ MORE

2:10 PM

Stock Market LIVE Updates: EU GMP Certification sends this small-cap pharma stock flying over 14%

Stock Market LIVE Updates: Shares of pharmaceutical company, Medicamen Biotech, climbed as much as 14.29 per cent to Rs 507 on the BSE during intra-day deals on Thursday. The uptick in the stock price followed the news that the company’s General Tablets and Liquid Orals Formulation facility, located in Bhiwadi, received the EU GMP certification from the Inspection Department, Division of Production & Distribution Control, National Organisation for Medicines, Greece. READ MORE

2:07 PM

Stock Market LIVE Updates: Don't chase housing financing stocks due to Bajaj Housing Fin IPO: Analysts

Stock Market LIVE Updates: The jaw-dropping response to the initial public offering (IPO) of Bajaj Housing Finance may aid the recent rally seen in most of the shares of housing finance companies, albeit for a short-term, believe analysts. READ MORE

 

2:03 PM

Stock Market LIVE Updates: Sensex jumps over 500 pts

Stock Market LIVE updates: At 02:02 PM, the BSE Sensex was at 82,051, up 528 points, or 0.65 per cent higher. The rise was led by index heavyweights suchs as HDFC Bank, Bharti Airtel, RIL and M&M. 

1:46 PM

Stock Market LIVE Updates: Maruti Suzuki targets to sell 600K CNG vehicles this fiscal: Official

Maruti Suzuki India is looking to sell around 600,000 CNG vehicles in the current fiscal, an increase of around 25 per cent as compared to FY24, according to a senior company executive.

The country's largest carmaker company on Wednesday expanded its CNG model range as it rolled out its premium hatchback Swift with S-CNG trims. Read more

1:32 PM

Stock Market LIVE Updates: Bharti Airtel hits 52-week high on introducing Wi-Fi service in J&K, Ladakh

Bharti Airtel, one of India’s leading telecommunications services providers, today, announced that it has expanded its Home Wi‐Fi service across all the 22 districts of both the union Territories. This expansion will enable to cover 1.1 million new households in both the Union Territories.

Source: BSE

1:29 PM

Stock Market LIVE Updates: This SME stock has surged 61% in 12 days; zoomed 328% in 3 months

Shares of Sudarshan Pharma Industries were locked in upper circuit of 5 per cent at Rs 274.50, which is also the new high the stock created on the BSE in Thursday’s intra-day trade on the back of a three-fold jump in average trading volumes.

The stock of the specialty chemicals company is quoting higher for the 12th straight day, and it has surged 61 per cent during this period. In the past three months, it has zoomed 328 per cent from the level of Rs 64.15 on the BSE. Read more

1:14 PM

Stock Market LIVE Updates: IEX hits 52-week high as Antique retains 'Buy', says coupling risk fading

Indian Energy Exchange (IEX) shares gained 3.2 per cent on the BSE and clocked a 52-week high at Rs 218.65 per share on Thursday. The stock climbed after Antique Stock Broking suggested coupling risk will fade in time given the practical difficulties in its implementation. Read more

1:12 PM

Stock Market LIVE Updates: Sensex at 81,664

Stock Market LIVE updates: At 01:10 PM, the BSE Sensex was at 81,664, up 140 points, or 0.17 per cent higher. 

12:55 PM

Stock Market LIVE updates: These 12 penny stocks have zoomed up to 300% in 2024; do you own any?

Penny stocks may not be an ideal investment but they do tend to attract investors' fancy given the lower cost of investments. In general, stocks trading below Rs 10 per share are often considered as penny stocks.

These stocks are shares of smaller companies with lower market capitalisation; thus prone to irrational market behaviour. However, because of the low stock price, select stocks among these at times turn into multi-baggers. Read more

12:53 PM

Stock Market LIVE updates: Kalpataru Projects International bags Rs 2,774-cr order; share price soars

Kalpataru Projects International share gains: Shares of Kalpataru Projects International Limited (KPIL) surged up to 2.08 per cent to hit an intraday high of Rs 1,381.20 per share on Thursday, September 12, 2024. The upward movement in the Kalpataru Projects International shares came after the company announced that it has secured new orders worth Rs 2,774 crore. Read more

12:43 PM

Stock Market LIVE updates: PN Gadgil Jewellers IPO GMP skyrockets 56% on final day; should you bid?

PN Gadgil Jewellers IPO closes today: As the IPO bidding for PN Gadgil Jewellers comes to a close, the company's unlisted shares continue to thrive in the grey market, fueled by strong investor demand. PN Gadgil Jewellers shares are trading at a premium of Rs 268, a 56 per cent  premium over the IPO's upper price band of Rs 480, as per sources tracking grey market activities. Read more

12:34 PM

Stock Market LIVE updates: Mrs. Bectors Food Specialities rallies 10%; stock surges 30% over QIP price

Shares of Mrs. Bectors Food Specialities hit a record high of Rs 2,009, as they rallied 10 per cent on the BSE in Thursday’s intra-day trade.

The stock of the fast moving consumer goods company that majorly manufactures biscuits has surged 30 per cent over its qualified institutional placement (QIP) price of Rs 1,550 per share. Meanwhile, in the past five weeks, the stock has zoomed 50 per cent. Read more

 

12:13 PM

Stock Market LIVE updates: Sensex trades over 150 pts

Stock Market LIVE updates: At 12:07 PM, the BSE Sensex was at 81,695, up 172 points, or 0.22 per cent higher. 

11:54 AM

Stock Market LIVE updates: Kalpataru Projects International bags orders worth Rs 2,774 cr

Kalpataru Projects International Limited (KPIL), an engineering & construction companies listed in India along with its international subsidiaries have secured new orders/notification of awards of Rs 2,774 crores. 

Source: BSE