Market Close Highlights, Oct 22: Sensex crashes 930 pts, Nifty ends below 24,500; all sectors in red

Stock Market Today: Bears took reign on the D-Street as 47 out of 50 constituent stocks of Nifty50 ended in red, dragged by BEL, M&M, Adani Enterprises, Coal India, and SBI

4:06 PM

Stock Market Close Highlights: Will Nifty crash towards 24,000?

The Nifty slipped from the head and shoulder pattern on the daily timeframe, leading to a sharp fall during the day. Sentiment further weakened after the Nifty broke below the crucial support level of 24,700. The sentiment may remain weak as long as the index stays below 24,700, with a "sell on rise" strategy favored by market participants. The index has fallen below the 100 EMA for the first time since early June of this year. On the lower end, support is placed at 24,400, and if the index falls below this level, it may extend its correction towards 24,000.

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

3:56 PM

Stock Market Updates: Zomato approves fund raising of Rs 8,500 crore via QIP

Stock Market Close Highlgihts: Zomato posts net profit of Rs 176 crore as against PAT of Rs 36 crore YoY

 

>> Revenue is up 68.5% at Rs 4,799 crore vs Rs 2,848crore YoY

 

>> Ebitda at Rs 226 crore vs Ebitda loss at Rs 47 crore YoY

 

>> Margin At 4.7%

3:50 PM

Stock Market Close LIVE Updates: 10-year bond yields jump on Tuesday

Stock Market Close Highlights: Yields on 10-year govt bond yields rose 1.8% to 6.95%

3:48 PM

Stock Market Close LIVE Updates: Rupee ends at record close

Stock Market Close Highlights: Rupee ends flat at 84.076 per US dollar

3:45 PM

Stock Market Close Highlights: Broader markets underperform; SmallCap sink

Stock Market Close Highlights: The BSE MidCap index declined 2.5% today, while the BSE SmallCap index shed nearly 4% on October 22

3:42 PM

Stock Market Close LIVE Updates: All sectors decline on Tuesday; PSBs worst hit

Stock Market Close Highlights: All sectoral indices ended lower on Tuesday

>> Nifty PSU Bank index crashed 4.2%, Nifty Realty 3.38%, Nifty Metal 3%, and Nifty Auto 2.5%

3:39 PM

Stock Market Close LIVE Updates: 27 of the 30 Sensex stocks bled in session

Stock Market Close Highlights: M&M, SBI, Power Grid, Tata Steel, IndusInd Bank, Tata Motors, L&T, andd Bajaj Finance crashed between 2% and 3.6% today to end as top Sensex losers

>> Only ICICI Bank, Nestle India, and Infosys gained today

3:36 PM

Stock Market Close LIVE Updates: Nifty ends below 24,500

Stock Market Close Highlights, Nifty ends at 24,472.10, down 309.00 points or 1.25%

>> The Nifty50 index slipped below the 24,450-mark during the day

3:33 PM

Stock Market Close LIVE Updates: Sensex tumbles over 900 pts

Stock Market Close Highlights: BSE SEnsex plunged sharply in fag-end

>> BSE Sensex ended at 80,220.72, down 930.55 points or 1.15%

>> Durng the day, it hit a high of 81,504.24 and a low of 80,149.53

3:28 PM

Stock Market LIVE Updates: India VIX rises 4%

Stock Market LIVE Updates: Fear gauge India VIX was up 4% today amid steep market crash

3:24 PM

Stock Market LIVE Updates: Top stocks weighing on Sensex

>> RIL, M&M, HDFC Bank, L&T, SBI, TCS,Tata Motors, and TCS accounted for most losses in Sensex index today

3:12 PM

Stock Market LIVE Updates: Shipbuilding shares sink; Mazagon Dock, GRSE, Cochin Ship tank up to 10%

Stock Market LIVE Updates: Shares of shipbuilding companies were under pressure, falling up to 10 per cent on the BSE in Tuesday’s intra-day trade amid  growth concerns. Mazagon Dock Shipbuilders (MDL) tanked 10 per cent to Rs 4,206.55, while, Garden Reach Shipbuilders & Engineers (GRSE) plunged 9 per cent to Rs 1,643 and Cochin Shipyard (CSL) was locked at the 5 per cent lower circuit at Rs 1,453.80.  READ MORE

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty drop lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 extended their loses and were at their day's lows.

At 3 PM, the BSE Sensex was down 787.64 points, or 0.97 per cent, at 80,363.63, while the Nifty 50 was at 24,518, down 262.50 points, or 1.06 per cent.

 

2:44 PM

Stock Market LIVE Updates: Supreme Industries sinks 10% on de-growth in revenue, profits; details

Stock Market LIVE Updates: Supreme Industries shares tanked up to 10 per cent at Rs 4,479.65 per share on the BSE after the company delivered muted quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). In Q2FY25, the company reported a revenue de-growth of 1.55 per cent year-on-year, reaching Rs 2,272 crore, down from Rs 2,308 crore in Q2FY24. Sequentially, the revenue dropped 13.4 per cent. READ MORE

2:40 PM

Stock Market LIVE Updates: Limit small and medium Reit exposure at 5% till they develop track record

Stock Market LIVE Updates: Two players, Propertyshare and Rudrabhishek Enterprises, have received licences from the Securities and Exchange Board of India (Sebi) to launch small and medium real estate investment trusts (SM Reits). The first SM Reits could debut as early as November. SM Reits can invest in rent-yielding commercial and residential properties. Investors receive quarterly rental income and capital appreciation when the property is sold after 4–6 years. Their units will be listed on stock exchanges, allowing investors an exit avenue. READ MORE

2:37 PM

Stock Market LIVE Updates: Why have 360 One WAM shares plunged 8% in trade today?

Stock Market LIVE Updates: 360 One WAM shares dropped 7.5 per cent intraday on Tuesday and registered an intraday low of Rs 1,020.95 per share on the BSE. The selling pressure in the stock came after the company's revenue decreased 11.3 per cent quarter-on-quarter (Q-o-Q) in the July-September quarter of the current finacial year (Q2 FY25). At around 1:52 PM, 360 One WAM shares were down 6.44 per cent at Rs 1,033.4464 per share. In comparison, the BSE Sensex was down 0.60 per cent at 80,663.03. The market capitalisation of the company stood at Rs 37,778.82 crore. READ MORE

2:32 PM

Stock Market LIVE Updates: NBCC (India) arm secures orders worth Rs 1,322.4 crore

Stock Market LIVE Updates: NBCC (India) arm, HSCC (India), secures orders worth Rs 1,322.4 crore.

Source: BSE

2:30 PM

Stock Market LIVE Updates: Diffusion Engineers share hits 20% upper circuit; gains 153% since listing

Stock Market LIVE Updates: Shares of Diffusion Engineers jumped as much as 20 per cent to hit the upper circuit of Rs 489.30 on the BSE, and Rs 489.96 during the intraday deals on Tuesday, in an otherwise weak market. This is also the all-time high for the company's shares, which have been trading on exchanges since October 4, this year. READ MORE

2:27 PM

Stock Market LIVE Updates: Varun Beverages Q3 profit rises 24% to Rs 620 cr on healthy demand

Stock Market LIVE Updates: Pepsi India bottler Varun Beverages' third-quarter profit exceeded analysts' expectations on Tuesday as healthy demand for soda in its international markets helped outweigh a monsoon-hit domestic market. The company's net profit rose nearly 24 per cent to Rs 620 crore ($73.8 million), beating analysts' expectation of Rs 576 crore, per LSEG data. READ MORE

2:19 PM

Stock Market LIVE Updates: Why Cyient DLM stock fell 7% despite strong Q2FY25 results; reasons here

Stock Market LIVE Updates: Shares of Cyient DLM slipped 6.64 per cent at Rs 652.70 a piece on the BSE in Monday’s intraday trade. The company’s share price tanked despite a decent showing in quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).

 

However, on the downside the company’s PAT margin dropped 105 basis points Y-o-Y to 4 per cent in Q2FY25. The company’s total orders were also down by 147.7 crore Q-o-Q to 1,979 crore, as of September 30, 2024, the company said in its investors presentation. READ MORE

 

2:09 PM

Stock Market LIVE Updates: Investors flock to Deepak Builders IPO; Subscription soars 7x, GMP up 30%

Stock Market LIVE Updates: Deepak Builders & Engineers India has so far received enthusiastic participation from investors for its initial public offering (IPO), which opened for public subscription yesterday, October 21, 2024. The company has received bids for 6,43,11,321 shares against 89,67,061 shares offered, resulting in an oversubscription of 7.17 times by around 12:12 PM Tuesday, according to NSE data. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 extended their loses and were at their day's lows.

At 2 PM, the BSE Sensex was down 485.78 points, or 0.60 per cent, at 80,665, while the Nifty 50 was at 24,606, down 175.10 points, or 0.71 per cent.

 

1:53 PM

Stock Market LIVE Updates: Varun Beverages share price gains post Q3 results; profit jumps 22%

Stock Market LIVE Updates: Shares of Varun Beverages gained 2.74 per cent at Rs 594.05 a piece on the BSE in Monday’s intraday trade. The company’s share price rose after it delivered strong quarterly earnings for the third quarter of the calender year 2024 (Q3CY24).

 

In Q3CY24, the company reported a revenue growth of 24.1 per cent year-on-year, reaching Rs 4,804.68 crore, up from Rs 3,870.52 crore in Q3CY23. The net realisation per case also saw a rise of 1.9 per cent, increasing to Rs 179.60. READ MORE

 

1:41 PM

Stock Market LIVE Updates: Adani Enterprises share price hits over 4-month low; down 9% in 1 week

Stock Market LIVE Updates: Shares of Adani Enterprises (AEL) hit over four-month low of Rs 2,837.70, down 3 per cent on the BSE in Tuesday’s intra-day trade, extending its past four days fall after closure of qualified institutional placement (QIP) issue.

 

The stock of the flagship company of Adani group is trading at its lowest level since June 5, 2024. In comparison, the BSE Sensex was down 0.56 per cent at 80,698, at 12:47 PM. READ MORE

 

1:26 PM

Stock Market LIVE Updates: HUL Q2 preview: PAT likely to slip as margins weigh; Revenue to rise 4%

Stock Market LIVE Updates: Hindustan Unilever known for brands like Surf Excel, Dove, and Horlicks is likely to report a marginal decline in profit after tax (PAT) by 0.12 per cent on an average in its second quarter ended September 30, (Q2FY25) to Rs 2,664.8 crore owning to slow demand recovery as negative pricing persisted in the quarter. Negative pricing happens when supply is too high relative to demand.

 

In the corresponding quarter of the previous year, the company reported a PAT of Rs 2,668 crore, as per brokerages tracked by Business Standard. READ MORE

 

 

1:14 PM

Stock Market LIVE Updates: Bajaj Finserv confirms Allianz looking to exit general & life insurance biz

Stock Market LIVE Updates: Bajaj Finserv today confirmed reports that its its 26 per cent joint venture partner in Bajaj Allianz General Insurance and Bajaj Alliance Life Insurance, Allianz SE is actively looking to sell its entire stake in the two insurance companies, given its strategic priorities.

The company, in an exchange filing, said, "This is with reference to news article in the mainstream media... about the intention of Allianz to exit its existing insurance joint ventures with Bajaj and to pursue alternative options in the Indian insurance market." 

It added: "In this connection we would like to inform that over last several years, the Bajaj Group, through the 74% Equity stake held by the Company (Bajaj Finserv Limited) has built two solid businesses in life and general insurance, as joint ventures with Allianz SE which holds the balance 26% stake.

Allianz has indicated to Bajaj that given its strategic priorities, it is actively considering an exit from the life and general insurance joint ventures. It has indicated that it remains committed to the Indian insurance market but will not speculate on alternatives."

The company added that discussions are at a preliminary stage and there is no proposal before the board of the company or its insurance subsidiaries in this regard.

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade tread water in negative

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 extended their loses and were at their day's lows.

At 1 PM, the BSE Sensex was down 450.08 points, or 0.55 per cent, at 80,701, while the Nifty 50 was at 24,617, down 163.85 points, or 0.66 per cent.

 

12:59 PM

Stock Market LIVE Updates: Unichem Labs surges 15%, hits record high in weak market on healthy outlook

Stock Market LIVE Updates: Shares of Unichem Laboratories hit a record high of Rs 876.35, surging 15 per cent on the BSE, on Tuesday in otherwise a weak market, on a healthy outlook. In two days, the stock of pharmaceutical company has rallied 20 per cent, and, in two weeks, it zoomed 42 per cent. In comparison, the BSE Sensex was down 0.44 per cent at 80,791 at 12:05 PM.

 

Thus far in the calendar year 2024, the market price of Unichem Laboratories has more-than-doubled or skyrocketed 115 per cent, as against 11.8 per cent rise in the benchmark index. READ MORE

 

12:50 PM

Stock Market LIVE Updates: BSE Smallcap extends fall, plunges 5% in 4 days; 36 stocks hit 52-week lows

Stock Market LIVE Updates: Shares of smallcap companies have continued trading under pressure, with the BSE SmallCap index falling 2 per cent in Tuesday’s intra-day trade, led by a persistent selling by foreign institutional investors (FIIs) coupled with muted domestic earnings.

At 10:30 AM, the BSE Smallcap index, the top loser among the broader market indices, slipped 1,261 points or 2.3 per cent at 54,387. In comparison, the BSE Midcap index and BSE Sensex were down 1.3 per cent and 0.40 per cent, respectively. In the past four trading days, the BSE Smallcap index has declined by 5 per cent. READ MORE

 

12:40 PM

Stock Market LIVE Updates: Why PNC Infra stock has tanked 35% in 2 days, hit 52-wk low today? Details

Stock Market LIVE Updates: Shares of PNC Infratech hit a 52-week low of Rs 299, plunging 18 per cent on the National Stock Exchange (NSE) on Tuesday. PNC Infratech shares extended their previous day’s fall after the Ministry of Road Transport and Highways (MoRTH) disqualified the company from participating in any tender process of the ministry for a period of one year with effect from October 18, 2024. READ MORE