Stock Market Highlights: Sensex trims gain on late sell-off, ends 239 pts up; Nifty holds 23,500

Stock Market Today: Indian benchmark equity indices BSE Sensex and Nifty 50 settled in the positive territory on Tuesday

4:00 PM

Stock Market Highlights LIVE Updates: The Nifty's movement reflects that bears are firmly in control

Markets experienced a volatile session and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amidst the choppiness, closing with gains of nearly half a percent each. 
 

The Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. We maintain our “sell on rise” stance for the index until a decisive reversal is evident, while emphasising a selective approach for stock-specific trades.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)

3:58 PM

Stock Market Highlights LIVE Updates: Market pullback is over, next leg of the decline likely to resume

Nifty opened on a positive note and witnessed a sharp surge during the first half of the trading session. A sell off during the second half resulted into a weak close. Nifty closed in the positive up 65 points, however, well off the intraday highs indicating inability to sustain at higher levels.

The 40-hour average (23,733) acted as a strong resistance and until the index manages to sustain above it we shall to maintain a negative stance. The hourly momentum indicator has completed pullback cycle to equilibrium line suggesting that the pullback is over and is likely to resume next leg of the decline. On the downside we are expecting 23,180, which coincides with the 61.82 per cent Fibonacci retracement level.

 

Bank Nifty also witnessed an upmove towards 51000, however it sold off and closed well of the intraday highs. The weakness is likely to continue, and we expect the bank nifty to test 49800 – 49700 which coincides with the 200-day moving average. On the upside, 50800 – 50900 shall act as an immediate hurdle zone from short term perspective.

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

3:45 PM

Stock Market Highlights LIVE Updates: SBI Life, Hindalco, RIL shed on NSE

SBI Life, Hindalco, and Reliance Industries were among the top leaders on NSE. 

3:43 PM

Stock Market Highlights LIVE Updates: Nifty Media, Realty, Auto lead among sectors

Among sectors, Nifty Media outran others, rising 2.45 per cent, followed by Nifty Realty and Nifty Auto. 

3:40 PM

Stock Market Highlights LIVE Updates: Broader markets end in green

The BSE SmallCap index surged 0.90 per cent, while the BSE MidCap index climbed 0.94 per cent at close on Tuesday. 

3:36 PM

Stock Market Highlights LIVE Updates: M&M, Tech Mahindra lead on Sensex

M&M, Tech Mahindra, HDFC Bank and Titan were among the top gainers on the BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty ends above 23,500

The NSE's Nifty50 finished at 23,518 level, up 68 points or 0.28 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex pares early gains to end over 200 pts higher

After gaining over 1,000 points in intraday deals, the BSE Sensex closed 239 points or 0.34 per cent higher at 77,578 level. 

3:15 PM

Stock Market LIVE Updates: Waaree Energies slips 6% on muted September quarter results

Waaree Energies share price slipped 6 per cent to Rs 2,914.60 on the BSE in Tuesday’s intra-day trade in an otherwise strong equity market after the company reported a muted set of numbers for the second quarter ended September 2024 (Q2FY25).

 

At 02:28 pm; Waaree Energies was trading 5 per cent lower at Rs 2,961.60, as compared to 1.07 per cent rise in the BSE Sensex. The stock has corrected 22 per cent from its high of Rs 3,740.75 touched on November 6. It had hit a low of Rs 2,294.55 on the listing day i.e. October 28. Currently, Waaree Energies is trading 94 per cent higher over its issue price of Rs 1,503 per share. Read more

3:00 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was up 437 points, or 0.57 per cent higher at 77,776.97, while the Nifty 50 was at 23,521.85, up 68 points, or 0.29 per cent.

 

2:59 PM

Stock Market LIVE Updates: This auto component maker's stock jumped 8%; what is boosting the rally?

Stock Market LIVE Updates: Shares of auto component maker Sterling Tools Limited (STL) rose as much as 8.42 per cent to hit an intraday high of Rs 595 per share on Tuesday, November 19, 2024. 

The rise in Sterling Tools share price came after the company revealed that it has been awarded the long-term rating of [ICRA]AA- (Positive), from [ICRA]AA- (Stable).
 

The upgrade highlighs STL’s robust credit profile and major growth in its electric vehicle (EV) components segment, which has diversified its revenue streams. READ MORE

 

 

2:55 PM

Stock Market LIVE Updates: A gradual climb for LVs sales in India, projected to grow 3.7% in 2025

Stock Market LIVE Updates: Sales growth of light vehicles (LVs) in India is expected to grow by only 3.7 per cent in 2025 over the projections for 2024, according to S&P Global Mobility, a trend recently endorsed by R C Bhargava, chairman of the largest carmaker in the country, Maruti Suzuki.

 

For 2024, the growth is projected to be even lower at 2.9 per cent (between January and September, it was 2.7 per cent) after a heady growth in the past few years, especially post-pandemic. In CY23, the market grew by more than 7.3 per cent. READ MORE

 

2:52 PM

Stock Market LIVE Updates: Zomato expects food delivery biz to grow 30% annually over 5 yrs: Executive

Stock Market LIVE Updates: Indian food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.

 

"The food delivery sector is still in its nascent stages in the country and ... more competition will only foster innovation and growth which will benefit the sector overall," Rakesh Ranjan, Zomato's food delivery CEO, said on Monday. READ MORE

 

2:50 PM

Stock Market LIVE Updates: Here's why Oil India shares were buzzing in trade on November 19; details

Stock Market LIVE Updates: Shares of Oil India were buzzing in trade on Tuesday, November 19, 2024. The Oil India scrip rose as much as 3.85 per cent to hit an intraday high of Rs 490.75 per share.

Oil India stock price gained after the company announced that TotalEnergies and Oil India Limited (OIL) has signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA1 technology at OIL sites in India. READ MORE

 

2:37 PM

Stock Market LIVE Updates: This SME stock zooms 16% on heavy volume; up 300% vs issue price in 11 mths

Stock Market LIVE Updates: Siyaram Recycling Industries share price hit a new high of Rs 183.85 as the stock surged 16 per cent on the BSE in Tuesday's intra-day trade backd by heavy volumes, on healthy revenue and net profit guidance.

The stock of this SME group company surpassed its previous high of Rs 174.90 touched on October 18, 2024. The average trading volumes at the counter jumped three-fold, with a 306,000 shares changing hands on the BSE. READ MORE

 

2:29 PM

Stock Market LIVE Updates: NTPC Green Energy IPO: Retail Investors show strong interest on opening day

Stock Market LIVE Updates: Retail investors have shown the highest interest among all investor categories in the initial public offering (IPO) of NTPC Green Energy, which opened for subscription today, Tuesday, November 19, 2024.  

 

According to data from the National Stock Exchange (NSE), the IPO has garnered an overall subscription of 0.24 times as of 12:48 PM. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Govt planning to sell stakes in 4 state-run banks to comply with Sebi norms

Stock Market LIVE Updates: The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

 

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said. READ MORE

 

2:14 PM

Stock Market LIVE Updates: Akums Drugs freezes in 5% upper circuit on sales pact with South Korean Co

Stock Market LIVE Updates: Shares of Akums Drugs and Pharmaceuticals were locked in a 5 per cent upper circuit on Tuesday after the company said that it has signed a sales agreement with Caregen, a leading South Korean company in the Nutraceuticals segment. 

 

“Akums has been granted the exclusive rights to sell certain Caregen products in India, during the term of the agreement. Further the company shall also undertake the packaging, marketing and selling of Caregen’s line of bulk product under the Caregen’s trademark or Akums’s trademark or of Akums’s Clients trademark,” the company said in a regulatory filing. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty maintain gains

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, tracking gains in global markets.

At 2 PM, the BSE Sensex was 1,042 points, or 1.35 per cent higher at 78,381, while the Nifty 50 was at 23,766, up 312 points, or 1.33 per cent.

 

1:54 PM

Stock Market LIVE Updates: Jyoti Structures hits 5% upper circuit as board to mull fundraise on Nov 22

Stock Market LIVE Updates: Jyoti Structures shares hit a 5 per cent upper circuit on Tuesday (November 19) on BSE in morning deals. The stock climbed after the company announced to consider fundraising in a meeting on Friday, November 22, 2024.

 

Around 12:23 PM, Jyoti Structures' share price was up 3.45 per cent at Rs 32.09 per share on BSE. In comparison, the BSE Sensex was up 1.33 per cent at 78,366.15. READ MORE

 

1:40 PM

Stock Market LIVE Updates: TVS Motor stock gains on launching TVS Apache RTR 160 4V; more details here

Stock Market LIVE Updates: Two and three-wheeler manufacturer TVS Motor Company (TVS Motor) share price gained as much as 2.34 per cent to hit an intraday high of Rs 2,470.05 per share on Tuesday, November 19, 2024.

 

The uptick in TVS Motor share price came after the company announced that it has introduced a refreshed TVS Apache RTR 160 4V with new features and technology. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Kitex Garments hits 5% upper circuit as board to consider bonus issue

Stock Market LIVE Updates: Kitex Garments shares were locked in a 5 per cent upper circuit at Rs 637.15 a piece on the BSE after the company on Monday announced that its board of directors will soon mull on issuance of bonus shares.

“We hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, November 22, 2024 to consider inter alia, the proposal for declaration and recommendation of Bonus Equity Shares subject to approval of shareholders of the company,” the company said in an exchange filing. READ MORE

 

1:16 PM

Stock Market LIVE Updates: RVNL shares jump 4% on receiving Rs 295-cr LoA from South Central Railway

Stock Market LIVE Updates: Shares of Rail Vikas Nigam (RVNL) jumped 3.68 per cent to Rs 431.55 on the National Stock Exchange (NSE) during early trade on Tuesday.

The upward move in the RVNL stock price follows the company's announcement of receiving a ‘Letter of Acceptance’ from South Central Railway of worth Rs 294.94 crore. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain gains

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, tracking gains in global markets.

At 1 PM, the BSE Sensex was 1,016 points, or 1.31 per cent higher at 78,355, while the Nifty 50 was at 23,751, up 297 points, or 1.27 per cent.

 

12:54 PM

Stock Market LIVE Updates: Market recovery: Sensex pops 1,113 pts, Nifty up 327 pts; top reasons here

Stock Market LIVE Updates: Key benchmark indices – Sensex and Nifty50 – recovered on Tuesday, November 19, 2024, after falling for previous seven consecutive sessions.

 

The recovery in the key indices, analysts believe, came on the back of upbeat global markets. Ambreesh Baliga, independent analyst said, "The recovery in the markets is merely a natural rebound following a seven-day losing streak. The primary driver for this recovery appears to be the positive performance of global markets." READ MORE

 

12:46 PM

Stock Market LIVE Updates: Tepid earnings growth in September quarter an Asia-wide problem: Nomura

Stock Market LIVE Updates: Tepid earnings growth in the September 2024 quarter (Q2-FY25 / Q3-CY24) is not restricted to India, according to analysts at Nomura, who suggest this has been the case with most Asia ex-Japan (AeJ) markets in the quarter gone by.

 

“The September 2024 quarter earnings season hasn’t been up to scratch with more misses than beats at the AeJ level. However, on a weighted basis, results season is not that bad contrary to what is suggested by simple beat-miss ratio. Large-cap index stocks, especially in MSCI China, have had a good earnings season so far,” wrote Chetan Seth, Ankit Yadav and Anshuman Agarwal of Nomura in a recent note. READ MORE

 

12:32 PM

Stock Market LIVE Updates: Bigbloc Construction promoter Narayan Saboo buys 61,500 equity shares in the co

Stock Market LIVE Updates: Bigbloc Construction today informed that one of its promoter, Narayan Sitaram Saboo, has acquired 61,500 equity shares, representing 0.04 per cent of the outstanding equity shares of the company, in open market transactions on November 18.

The company, in an exchange filing, said, "In compliance with the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it is to inform that Narayan Sitaram Saboo(HUF), belonging to Promoter group of Bigbloc Construction Limited has intimated that it has acquired 61,500 Equity Shares of the Company from open market dated November 18, 2024."

 

12:20 PM

Stock Market LIVE Updates: Mahindra & Mahindra, Skoda-Volkswagen clash over joint venture terms

Stock Market LIVE Updates: The negotiations between Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India for a 50:50 joint venture have stalled. The companies are unable to finalise crucial terms after signing non-binding memorandums of understanding (MoUs) due to disagreements, The Economic Times reported on Tuesday.

M&M, with a stronger position in the domestic market, is reluctant to compromise, as the two sides face disagreements over development costs and sourcing. READ MORE

 

12:18 PM

Stock Market LIVE Updates: Price corrections: Immediate impact of market drops on mutual funds decoded

Stock Market LIVE Updates: Equity markets have long been subject to cycles of growth and contraction, often triggered by global events that lead to sharp declines in asset values. From the Great Depression of 1929 to the COVID-19 pandemic in 2020, these downturns have left investors grappling with the question of how to navigate these financial storms. 

A recent analysis by Ventura Securities sheds light on a critical aspect of this challenge: drawdowns and the performance of mutual funds during market downturns. READ MORE

 

12:17 PM

Stock Market LIVE Updates: NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

Stock Market LIVE Updates: NTPC Green Energy Rs 10,000 crore initial public offering (IPO) opens for subscription today, Tuesday, November 19, 2024. Shares of the company can be subscribed in the price band of Rs 102 - Rs 108 per share, in multiples of 138 shares.

 

NTPC Green Energy is the renewable energy arm of power major NTPC. The company intends to use the net proceeds from the IPO to fund investments in its wholly-owned subsidiary, NTPC Renewable Energy (NREL). The issue closes on Friday, November 22, 2024. READ MORE