Market Close Highlights, Sept 24: Markets muted after record; Sensex red at 84,900, Nifty at 25,950

Stock Market LIVE Updates: Indian equity benchmark indices pared their gains from the fresh all-time highs they touched late on Tuesday to close on a mixed note.

3:54 PM

Comment: Strong inflows from FIIs to maintain market momentum

Domestic benchmarks are attempting sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.

Conversely, FMCG and banking stocks exhibited declines due to profit-booking at higher levels. In the near term, strong inflows from FIIs, driven by the US Fed’s dovish outlook and expectations of a rate cut by the RBI in October, are expected to maintain momentum.

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

 

3:50 PM

Stock Market LIVE Updates: Nifty must decisively break 26,000 for further gains

The Nifty traded within a narrow range today, taking a breather after a three-day rally. The short-term sentiment remains positive, with the index staying above the critical 21-day EMA, supported by a bullish crossover in the daily RSI.

However, for the rally to continue, the Nifty must decisively break above the 26,000 level. Until then, we expect range-bound movement, with the index fluctuating between 25,800 and 26,000 over the next few hours to a few days.

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

3:47 PM

Stock Market LIVE Updates: SBI Life, HUL, Grasim shed 2% each on NSE

SBI Life was the top loser on NSE, falling 2.78 per cent, followed by HUL and Grasim. Meanwhile, Tata Steel, Hindalco, and Powergrid among others led the gains. 

3:44 PM

Sectoral trends:: Nifty Metals, IT, Auto lead

Among sectors, Nifty Metal was a clear winner, closing 2.97 per cent higher, followed by Nifty IT and Nifty Auto. 

3:42 PM

Stock Market LIVE Updates: Broader indices mixed

The BSE MidCap outperformed benchmarks rising 0.21 per cent, while BSE SmallCap slipped by 0.04 per cent. 

3:39 PM

Stock Market LIVE Updates: Tata Steel, Powergrid, Tech Mahindra advance

Tata Steel was the top gainer on BSE Sensex, rising by 4.35 per cent, followed by the likes of Powergrid, Tech Mahindra and HCL Tech.

3:35 PM

Stock Market LIVE Updates: Nifty ends flat at 25,940

NSE's Nifty50 closed at the flatline with a positive bias, up 0.01 per cent or 1 point at 25,940 level. In the later market hours, the benchmark crossed the 26,000 mark and created a record high at 26,011 level.  

3:33 PM

Stock Market LIVE Updates: Sensex closes marginally lower at 84,914

The benchmark BSE Sensex finished off marginally lower, down 0.02 per cent or 14 points at 84,914. During the day, Sensex created a fresh summit at 85,163 levels. 

3:15 PM

Stock Market LIVE Updates: Nifty Metals leads sectoral gains, surges 3%

Among sectors, Nifty Metal surged 2.91 per cent, followed by Nifty IT and Nifty Auto soaring 0.59 per cent and 0.39 per cent, respectively. 

3:01 PM

Stock Market LIVE Updates: Sensex hits another record high at 85,163

Stock Market LIVE Updates: Sensex hits new record high; touches 85,163 levels.

2:54 PM

Stock Market LIVE Updates: Nifty hits 26,000 mark for the first time

The benchmark index NSE's Nifty50 reached a new record level and surpassed the 26,000 mark for the first time ever. 

2:50 PM

Stock Market LIVE Updates: Sebi probes six local investment banks over handling of small IPOs

Stock Market LIVE Updates: India's securities regulator, worried about malpractice in a frothy IPO market, is investigating six domestic investment banks that have worked on offerings by small businesses, two sources with direct knowledge of the matter said. READ MORE

 

2:42 PM

Stock Market LIVE Updates: Bank bond issuance to touch Rs 1.2-1.3 trillion level in FY25, says ICRA

Stock Market LIVE Updates: Bank borrowings through bonds are expected to reach Rs 1.2-1.3 trillion in the current financial year ending March 2025 (FY25) amid tight liquidity conditions and credit growth outpacing deposit growth, according to rating agency ICRA. READ MORE

2:28 PM

Stock Market LIVE Updates: Nifty hits record high, nears 26,000-mark

Stock Market LIVE Updates: Nifty hits new record high, reaches 25,993 levels.

2:28 PM

Stock Market LIVE Updates: Sensex hits fresh record high; above 85,100

Stock Market LIVE Updates: Sensex hits fresh record high; touches 85,116.90 levels.

2:24 PM

Stock Market LIVE Updates: 93% of F&O traders lose money but refuse to quit. Why?

Stock Market LIVE Updates: As more Indians dive into the stock market, viewing it as a newfound path to quick riches, a recent report from the Securities and Exchange Board of India (Sebi) paints a starkly different picture. The Sebi report reveals a shocking reality: 93 per cent of traders in the futures and options (F&O) segment lose money. Even more surprising is that these traders keep returning to the market, much like moths drawn to a flame. READ MORE

2:21 PM

Stock Market LIVE Updates: Tata Nexon iCNG SUV launched at Rs 8.99 lakh onwards

Stock Market LIVE Updates: Tata Motors has expanded its popular Nexon lineup with the introduction of the iCNG version in the Indian market. Launched on Tuesday, this CNG-powered sub-compact SUV promises to deliver more power than any other CNG SUV available in the country, positioning itself as a formidable option for eco-conscious buyers. The Tata Nexon iCNG is priced between Rs 8.99 lakh and Rs 14.59 lakh (ex-showroom). READ MORE

2:18 PM

Stock Market LIVE Updates: Indigo Paints to announce Q2 results on Nov 7

Stock Market LIVE Updates: Paints manufcaturer has announced that board will meet on November 7 to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and half year ended September 30, 2024.

Source: BSE

2:14 PM

Stock Market LIVE Updates: Balu Forge Industries shares jump 11%, hit all time high; here's why

Stock Market LIVE Updates: Shares of Balu Forge Industries soared up to 11.37 per cent, hitting their lifetime high at Rs 890 per share on the BSE in Tuesday’s intraday trade. The stock price jumped after the company announced the introduction of 7 Axis CNC machines from a prominent German manufacturer. These possess the capability to machine parts up to 3 metres in length. READ MORE

2:10 PM

Stock Market LIVE Updates: India at cusp of digital renaissance, responsible AI key, says IBM India MD

Stock Market LIVE Updates: IBM India Managing Director Sandip Patel on Tuesday announced a "Digital Renaissance" in India, emphasising the country's leadership in AI adoption as he called for a focus on making AI practical, responsible, and embeddable. Patel, Managing Director (MD) of IBM India & South Asia, was delivering a keynote address at the IBM Think 2024 event here. READ MORE

2:04 PM

Stock Market Live Updates: 2 PM Market Update

Stock Market Live Updates: Benchmarks trade with minor gains. Sensex was trading 0.12 per cent or 103.13 points higher at 85,031.74 levels while Nifty50 was trading 0.14 per cent or 35.35 points higher at 25,974.40 levels.

1:56 PM

Stock Market LIVE Updates: R Systems ropes in Srikara Rao as CTO of Cloud, Cyber Security Services

Stock Market LIVE Updates: R Systems International Limited (a Blackstone Portfolio Company), a leading digital product engineering company, has announced today the appointment of Srikara Rao as Chief Technology Officer – Cloud, Cyber Security Services. 

 

Source: BSE

 

1:53 PM

Stock Market LIVE Updates: President Droupadi Murmu calls for timely audit of public finance

Stock Market LIVE Updates: Underscoring the importance of timelines in auditing public finance, President Droupadi Murmu on Tuesday said if a wrong is pointed out well within time, it can be corrected and help save huge amount of public money. READ MORE

1:45 PM

Stock Market LIVE Updates: Sapphire Foods gains 14% to hit all-time high after multiple block deals

Stock Market LIVE Updates: Shares of Sapphire Foods, which operates the Pizza Hut and KFC chains of restaurants, gained 13.6 per cent intraday to log an all-time high of Rs 400.5 per share on the BSE on Tuesday. The stock gained after 8.05 million shares changed hands on the NSE via multiple block deals. The details related to buyers and sellers could not be ascertained yet. READ MORE

1:40 PM

Stock Market LIVE Updates: Neogen Chemicals shares jump 6% after Axis Capital initiates coverage

Stock Market LIVE Updates: Neogen Chemicals share price zoomed up to 6.06 per cent at Rs 2,345 per share intraday on the BSE. The stock price of the company moved up after domestic brokerage firm Axis Capita gave a 'Add' rating to the stock and raised its target price to Rs 2,440 per share, reflecting 9 per cent upside to Monday’s closing price. READ MORE

1:34 PM

Stock Market LIVE Updates: M&M stock hits new high as m-cap nears Rs 4 trillion; zooms 100% in 10 mths

Stock Market LIVE Updates: Mahindra & Mahindra (M&M) shares continued their upward journey to hit a new high of Rs 3,098, gaining 2 per cent on the BSE on Tuesday’s intra-day trade. In three days, the stock of the Mahindra group automobile manufacturer has rallied 11 per cent on reports of the top management of Skoda Auto Volkswagen India, looking to sell up to 50 per cent stake in the company to M&M. READ MORE

1:33 PM

Stock Market LIVE Updates: JTL Industries to consider stock-split, bonus issue on October 3

Stock Market LIVE Updates: JTL Industries board to consider stock-split, bonus issue on October 3, 2024.

Source: BSE

1:31 PM

Stock Market LIVE Updates: Senco Gold glitters, hits new high after ICICI Pru buys stake

Stock Market LIVE Updates: Senco Gold shares climbed 5.5 per cent intraday to scale an all-time high of Rs 1,406 on the BSE on Tuesday. The stock gained a day after Oman India Joint Investment Fund II sold 5,89,917 shares via a block deal at Rs 1,280.16 per share. Conversely, ICICI Prudential Life Insurance Company bought 4,90,705 shares in the company at Rs 1,280 per share through another block deal. READ MORE

1:29 PM

Stock Market LIVE Updates: JSW group moves Rs 40,000 crore EV initiative to Maharashtra from Odisha

Stock Market LIVE Updates: The JSW Group has decided to relocate its planned Rs 40,000 crore electric vehicle (EV) and battery project from Odisha to Maharashtra, seven months after formalising an agreement with the previous Biju Janata Dal government under Naveen Patnaik, according to a report by Mint. The conglomerate, led by Sajjan Jindal, is now looking at Aurangabad and Nagpur in Maharashtra for its EV and related projects, the news report said. READ MORE

1:27 PM

Stock Market LIVE Updates: Price war puts China's auto industry in reverse, weak demand stalls profits

Car dealerships in China are grappling with substantial financial losses amounting to over 138 billion yuan ($19.6 billion) due to an ongoing price war and sluggish consumer demand, reported Hong Kong-daily South China Morning Post, citing data from the China Automobile Dealers Association (CADA). READ MORE