Stock Market LIVE Highlights: The day ended in favor of bears as many as 33 out of 50 constituent stocks of Nifty50 ended lower, dragged by RIL, Cipla, and Dr Reddy's Labs
In the past one month, Titan has outperformed the market by surging 10 per cent, compared to the 4.5 per cent rise in the BSE Sensex during the period.
The average trading volumes on the counter jumped over two-fold, with a combined 83.99 million equity shares changing hands on the NSE and BSE till 10:40 AM.
Stocks to Watch: Reliance Industries has secured the full 10-GWh capacity of the Advanced Chemistry Cell (ACC) under the second phase of the Production Linked Incentive (PLI) scheme.
Stock Market Highlights: 31 out of 50 constituent stocks of Nifty50 ended lower, dragged by Wipro, Coal India, ONGC, Hindalco, and LTIMindtree
Shares of Pondy Oxides and Chemicals were locked in upper circuit of 10%, after hitting a new high of Rs 2,173.90 on the BSE on Wednesday at 11:09 AM, in an otherwise weak market.
Short-term share market forecast: Among sectors, the Nifty PSU Bank, Metal and IT indices could fall up to 7 per cent from present levels; Bullish pivot for Nifty stands at 25,030.
MK Hamied has resigned as Vice Chairman of Cipla, effective October 29. Kamil Hamied will join the board as a Non-Executive Director starting November 1.
Stock Market Highlights: The NSE Nifty 50 index has rallied 4.7 per cent or 1,140 points in the last 14 straight trading sessions.
Raymond will demerge into three entities--Raymond, Raymond Lifestyle and Raymond Realty
Shares of Geojit Financial Services hit a record high of Rs 154.60, after surging 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.
The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.
The proposed unit, with a production capacity of six million chips per day, will be setup with an investment of Rs 3,300 crore.
Vedanta has approved a third interim dividend of Rs 20 per share for FY25, raising the total dividend payout so far to Rs 13,474 crore.
Stock Market highlights: 27 out of 50 constituent stocks of Nifty50 ended higher, with gains led by Bajaj Finserv, Bajaj Finance, HCL Tech, Hero MotoCorp, and SBI Life Insurance
With HCL Tech's stock up 3 per cent at 11:58 AM, the market cap of the company stood at Rs 4.9 trillion, and 2 per cent away from the Rs 5-trillion-mark, exchange data showed.
Motilal Oswal Mutual Fund purchased 200,000 equity shares, representing a 0.69 per cent of the total equity of Globus Spirits on Friday, August 30, via block deal on the NSE.
During these 13 trading sessions, starting August 14, the Nifty has rallied 1,150 points, or 4.7 per cent
Market outlook for Sept 02 - 07, 2024: The Nifty seems favourably placed on the short-term chart; but formation of 'Hanging Man' pattern on the monthly chart may be a reason to worry going ahead.
Emkay Global has raised the Nifty50 target to 26,000 for September 2025 on the back of rate cuts, revival in rural consumption, and earnings growth