Market Crash Close Highlights: Sensex ends down 1,000pts at 81,200, Nifty at 24,800; Financials lose

Market Crash Close Highlights: Indian benchmark indices closed deep in the red on Friday, dragged down by weak global cues, along with regulatory headwinds.

4:20 PM

Stock Market LIVE Updates: 'Nifty broke the 25,000-25,100 support zone, forming a bearish engulfing candle'

The Nifty50 index broke the 25,000-25,100 support zone on Friday, forming a bearish engulfing candle on the weekly scale. On the daily chart, Nifty closed below its 21-Day Exponential Moving Average (DEMA), indicating further weakness. The next major support is near 24,480, where the 50-DEMA is positioned. In the short term, any bounce should be seen as an opportunity to book profits.
 

Views By: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C Mehta Investment Interrmediates

 

4:03 PM

Stock Market LIVE Updates: 'SEBI's FIIs disclosure deadline won't impact India's lucrativeness in long-term'

Stock Market LIVE Updates: The domestic market was in panic today due to the SEBI's deadline over FIIs disclosure norm, however this is not expected to impact India’s lucrativeness to FIIs in the long-term. Coupled with lack of new market catalysts and elevated valuations, a muted trend is expected to continue in the short-term. Global markets are also adopting a cautious stance ahead of the release of the US non-farm payroll data. Additionally, the continuous decline in oil prices to a 14-month low and weak job openings data are heightening fears of a slowdown in the US in the near term.

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

3:50 PM

Stock Market LIVE Updates: SBI, BPCL top losers on NSE

SBI, BPCL, ICICI Bank, and NTPC were among the top losers on the NSE. On the filip side, Bajaj Finance, Asian Paints and JSW Steel led gains.

3:44 PM

Stock Market LIVE Updates: All sectors bleed with Nifty PSU plummeting 4%

In sectors, Nifty PSU Bank was the top loser falling 3.57 per cent, followed by Nifty Private Bank, Nifty Financial Services and Nifty Auto. 

3:41 PM

Stock Market LIVE Updates: BSE MidCap index sheds 1.41%

In broader indices, BSE MidCap index fell more than benchmarks, falling 1.4 per cent, while SmallCap slipped 0.9 per cent per cent.

3:38 PM

Stock Market LIVE Updates: Heatmap check

SBI remained top loser on BSE Sensex to end 4.23 per cent lower at 783.95 per share, followed by NTPC, ICICI Bank among others.

3:35 PM

Closing Bell: Nifty50 closes nearly 300 pts down, below 25,900

The NSE's top 50 blue chip stock index closed 1.17 per cent lower at 24,852 level. 

3:33 PM

Closing Bell: Sensex ends over 1,000 pts lower

The benchmark BSE Sensex closed 1.24 per cent lower at 81,183 level. 

3:30 PM

Synergy Green Industries shares rally 16% after order win; check details

Synergy Green Industries share price today surged up to 16.4 per cent, hitting its all time high at Rs 468.40 per share on the BSE in Friday’s intraday deals. This came after the company won a work order worth Rs 163 crore.

 

“We are pleased to update you on the finalisation of Rs 163.74 crores orders from Vestas Wind Systems to be executed during FY2025-26. These orders are for both 2 MW and 4 MW parts, split equally between domestic and export requirements,” the company said in an exchange fling on Friday. Read more

3:03 PM

Stock Market LIVE Updates: Godfrey Phillips shares zoom 11% after board to mull on 2:1 bonus issue

Stock Market LIVE Updates: Godfrey Phillips share price today surged up 11 per cent, hitting their all time high at Rs 6,779 per share on the BSE in Friday’s intraday deals. This came after Godfrey Phillips announced that its board of directors have approved a bonus shares issue. READ MORE

 

2:53 PM

Stock Market LIVE Updates: Centre to extend sugar export ban to boost local supplies, ethanol output

Stock Market LIVE Updates: India plans to extend a ban on sugar exports for the second straight year as the world's biggest consumer of the sweetener grapples with the prospects of lower cane output, government sources said. READ MORE

 

2:50 PM

Stock Market LIVE Updates: Mrs. Bectors hits record high as co sets floor price for Rs 400-crore QIP

Stock Market LIVE Updates: Shares of Mrs. Bectors Food Specialities, a fast moving consumer goods company that majorly manufactures biscuits, advanced 12.8 per cent and registered an all time high of Rs 1,820 in a weak market, where BSE Sensex had slipped over 900 points. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Global investors, fund managers struggle to keep up as India's market grows

Stock Market LIVE Updates:India's stock market rally is ramping up its index weighting and creating a dilemma for global fund managers: sit back and watch as their relative exposure shrinks while the market grows, or buy in at increasingly eye-watering prices.

Most find the latter uncomfortably risky and are seeking alternatives, some driving money into India's smaller companies, while others are looking elsewhere at other emerging markets. READ MORE

2:20 PM

Stock Market LIVE Updates: Godfrey Phillips in focus

Stock Market LIVE Updates: Godfrey Phillips to consider bonus issue on September 20 in the ratio of 2:1.

Source: BSE

1:55 PM

Stock Market LIVE Updates: Strides Pharma hits all time high after USFDA approval for this drug

Stock Market LIVE Updates: Strides Pharma share price today reached its all time high at Rs 1394.95 per share on the BSE, rising as much as 3.79 per cent in Friday’s intraday deals. This came after the company announced that  its step-down wholly owned subsidiary Strides Pharma Global Pte. Limited in Singapore, has received approval for the generic version of Theophylline extended-release tablets, 300 mg and 450 mg, from the United States Food & Drug Administration (USFDA). READ MORE

 

1:44 PM

Stock Market LIVE Updates: How to trade Max Financial Services stock amid these 3 key developments

Stock Market LIVE Updates: Shares of Max Financial Services (MFSL) have witnessed 3 key developments in recent trading days, including stake sale by the promoter company. On Friday, as of 10:30 AM, MFSL stock had wiped out the day's gain in line with weakness in the broader market and quoted with a loss of 0.5 per cent at Rs 1,112. The stock had hit a high of Rs 1,135 thus far in the day. In comparison, the BSE Sensex was down 0.9 per cent or 700 points at 81,500 levels. READ MORE

1:38 PM

Stock Market LIVE Updates: Parliament's Public Accounts Committee likely to summon Sebi chief Buch

Stock Market LIVE Updates: The Public Accounts Committee (PAC) of Parliament is set to investigate allegations against Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch and is likely to summon her later this month. READ MORE

 

1:34 PM

Stock Market LIVE Updates: Ashoka Buildcon arm sells land for Rs 453 cr; stock hits life time high

Stock Market LIVE Updates: Ashoka Buildcon shares gained 6.2 per cent and logged an all time high of Rs 284.75 in a weak market where BSE Sensex slipped over 900 points. However, as of 12:30 PM, shares of Ashoka Buildcon pared some gains and were up 1.51 per cent at Rs 272.15 per share. READ MORE

1:32 PM

Stock Market LIVE Updates: Buy the dips; key resistance at $2,550 in focus for Gold

Stock Market LIVE Updates: On Thursday, spot gold came close to test its all-time high at $2,532 on lackluster US ADP employment change data (August); however, the rally was checked by slightly better-than-expected US ISM services (August) and S&P Global US Services and composite PMIs. READ MORE

1:12 PM

Stock Market LIVE Updates: Nifty50 down 1.1%

Stock Market LIVE Updates: Nifty50 dropped 1.09 per cent to 24,871.05 levels.

1:11 PM

Stock Market LIVE Updates: Sensex slips 1.2%

Stock Market LIVE Updates: Sensex sliped 1.23 per cent to 81,189.72 levels.

1:09 PM

Stock Market LIVE Updates: Airtel launches limited period festive offers

Stock Market LIVE Updates: Valid only for 6 days, from September 6, 2024 to September 11, 2024, the limited period “Festive Offer” will give customers a host of benefits on 3 specially curated packs of Rs 979, Rs 1,029 and Rs 3,599. 

 

The packs are loaded with benefits on voice, data and OTT streaming services,

 

Source: BSE

1:02 PM

Stock Market LIVE Updates: SBI Cards rallies 6% in weak market; hits 11-month high on positive outlook

Stock Market LIVE Updates: Shares of SBI Cards and Payment Services (SBI Cards) hit an 11-month high of Rs 811.85 on positive outlook, as they rallied 6 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. In the past one week, the stock has surged 12 per cent. It is trading at its highest level since October 2023. The stock had hit a 52-week high of Rs 857.90 on September 12, 2023. READ MORE

12:55 PM

Stock Market LIVE Updates: Sebi to tighten derivative rules to increase barriers despite pushback

Stock Market LIVE Updates: India's markets regulator will tighten derivative rules to increase entry barriers and make it more expensive to trade as it tries to limit retail investors speculating on risky contracts, said four sources with direct knowledge of the matter. READ MORE

 

12:42 PM

Stock Market LIVE Updates: Star Cement incorporates company in Meghalaya

Stock Market LIVE Updates: Star Cement has incorporated RI Pinar Cement as a wholly-owned subsidiary in Meghalaya. 

Source: BSE

12:30 PM

Stock Market LIVE Updates: Shyam Metalics announces August business update

Stock Market LIVE Updates: Shyam Metalics total sales volume zoomed 91 per cent to 7,060 MT.

Source: BSE 

12:27 PM

Stock Market LIVE Updates: Sun Pharma in focus

Stock Market LIVE Updates: Sun Pharmaceutical and Israel-based Moebius Medical granted US Food and Drug Administration (FDA) approval for Fast Track designation (FTD) to MM-II (Large Liposomes of DPPC and DMPC) for the treatment of osteoarthritis knee pain.

Source: BSE

12:25 PM

Stock Market LIVE Updates: Japan to give up to $2.4 bn in new support for EV battery production

Stock Market LIVE Updates: Japan will hand out more subsidies for electric-vehicle battery production, pledging as much as $2.4 billion in support for related projects by Toyota Motor and other major companies, as it seeks to strengthen its battery supply chain. READ MORE

 

12:24 PM

Stock Market LIVE Updates: Investors lose Rs 4.12 trillion during morning trade as markets slump

Stock Market LIVE Updates: Investors' wealth plummeted by Rs 4.12 trillion during the morning trade on Friday as markets faced a massive correction tracking a weak trend in global peers and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09 per cent to 81,304.46 during the morning trade. READ MORE

12:19 PM

Stock Market LIVE Updates: Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?

Stock Market LIVE Updates: Shree Tirupati Balajee IPO has seen a robust demand, with the issue being subscribed 9.4 times on Day 2 by 11:10 AM. READ MORE