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Market At Close: Nifty, Sensex End At Over Two-Month High
Benchmarks ends higher for the third consecutive day
Nifty closes above 25,400 mark, led by Eternal and HDFC Life
Sensex close above 83,000 mark
Nifty Midcap 150 ends slightly higher for the day.
Nifty Midcap 150 close higher for 10th consecutive day, best streak since December, 2024.
Nifty smallcap 250 ends flat for the day, led by TV18 Broadcast and Netweb Tech
Nifty smallcap 250 close higher for the 5th consecutive day
Sectoral Indices end on mixed note.
Nifty pharma gains over 1.5% for the day, Best performing sector for the day.
Biocon and Laurus Labs gains the most in Nifty Pharma
Nifty IT and Nifty Auto gain higher for the 3rd consecutive session
Nifty Financial Services gain higher for the 11th consecutive session.
Nifty Bank gains higher for the 10th consecutive session.
Nifty FMCG snaps 4-day losing streak.
Nifty Oil and Gas gain for the 7th consecutive day
Nifty Realty snaps 6-day gaining streak.
Nifty PSU Bank snaps 3-day gaining streak.
Rupee Closes Below 88 Against US Dollar
Rupee closed 32 paise weaker at 88.13 against US Dollar
It settled at 87.82 on Wednesday
Source: Cogencis
Stock Market LIVE: Tata Investment Share Price Jumps Over 7%
Tata Investment Corp share price jumped 7.16% to Rs 7,545.5 apiece. It was trading 6.44% higher at Rs 453 apiece as of 2:56 p.m.
DMart Share Price: Radhakishan Damani-Backed Stock In Focus As UBS Hikes Target Price — Details Inside
UBS Global Research hiked Avenue Supermarts Ltd.'s target price and maintained a Buy rating on the stock because of its strong growth outlook. The brokerage said that DMart is a compounding growth story while stock provides a favourable risk-reward ratio.
UBS Global Research raised the target price to Rs 5,600 from Rs 5,050. The current target price is implying a 19% upside from Wednesday's close price.
Jaro Institute Sets IPO Price Band At Rs 846-890, Issue Opens Sept. 23
Jaro Institute Ltd., which operates under the brand 'Jaro Education', has set the price band at Rs 846 to Rs 890 per share for its initial public offering launching next week.
The Rs 450-crore IPO is a combination of a fresh issue of Rs 170 crore and an offer for sale of 0.31 crore shares aggregating to Rs 280 crore by promoter Sanjay Namdeo Salunkhe.
Stock Market LIVE: Nelco Clarifies Unable To Comment On Speculations About Enetering Broadband Business
NELCO is unable to comment on speculations regarding entering satellite broadband business, the company said in the exchange filing.
Nifty 50|Sensex| Stock Market LIVE: Insolation Energy Gets Rs 1,134-Crore Loan Sanctioned From IREDA
IREDA sanctioned Rs 1,134 crore loan to arm for 4.5 gigawatt solar cell manufacturing plant in Madhya Pradesh
The remaining requirement of Rs 378 crore for Madhya Pradesh Plant to be funded via internal accruals
Source: Exchange Filings
Stock Market Today: Azad Engineering Inaugurates Exclusive Manufacturing Unit At Hyderabad Plant
Azada Engineering inaugurated exclusive lean manufacturing unit at Hyderabad Plant. The the manufacturing unit plat will support supply of air foil critical components.
Stock Market LIVE: Ugro Capital's RBI Nod For Profectus Capital Acquisition
The Reserve Bank of India approved Ugro Capital's Profectus Capital acquisition. The proposed acquisition rransaction is expected to close by Oct 31, the company said in the exchange filing.
Stock Market Today: Maruti Suzuki Cuts Prices Of Entry-Leverl Cars Post GST Rate Cut
Reduces Price Of Celerio By Up To Rs 94,100 and Starting Cost At Rs 4.7 lakh (Ex-Showroom)
Reduces Price Of Wagon-R By Up To Rs 79,600 and Starting Cost At Rs 4.9 Lakh (Ex-Showroom)
Reduces Price Of Alto K10 By Up To Rs 1.07 lakh, Starting Cost At Rs 3.7 lakh (Ex-Showroom)
Reduces Price Of Swift By Up To Rs 84,600 and Starting Cost At Rs 5.8 lakh (Ex-Showroom)
Reduces Price Of S-Presso By Up To Rs 1.29 Lk, Starting Cost At Rs 3.5 lakh (Ex-Showroom)
Reduces Price Of Grand Vitara By Up To Rs 1.07 Lk, Starting Cost At Rs 10.8 Lk (Ex-Showroom)
Reduces Price Of Ertiga By Up To Rs 46,400 and Starting Cost At Rs 8.8 Lk (Ex-Showroom)
Source: Exchange Filing
Stock Market LIVE: Tata Steel Appoints Sudhir Mehta As VP, Operations
Tata Steel appointed Sudhir Mehta as vice president operations with effect from Dec 1. The company re-designated Uttam Singh as vice president operations with effect from Dec 1.
Stock Market Today|Stock Market LIVE: Apollo Micro Systems To Develop Cybersecurity Solutions
Apollo Micro Systems signed a memorandum of understanding with Sibersentinel with Tech and Zoom Tech. It will jointly design, develop advanced cybersecurity solutions, the company said in the exchange filing.
Nifty 50| Sensex| Stock Market LIVE: PTC Industries' Arm Commissing Furnace For Large Titanium Castings
PTC Industries Ltd.'s arm Aerolloy Tech commissions vacuum arc remelting furnace for large titanium castings
Stock Market LIVE: Prism Johnson Jumps Over To Nine-Month High
Prism Johnson share price jumped 18.26% to Rs 176 apiece, the highest level since Dec 24, 2024. The share price was trading 12.225 higher at Rs 167.24 apiece as of 12:50 p.m.
The company held an investors' presentation on Sept 16.
Saatvik Green Energy IPO Opens Tomorrow: Check GMP, Price Band, Lot Size And More
Saatvik Green Energy Ltd. is set to launch its initial public offering (IPO) on September 19. The company manufactures solar modules and also provides engineering, procurement and construction (EPC) services.
With the subscription date approaching, here’s a look at the grey market premium (GMP), price band, important dates and other key details of the Saatvik Green Energy IPO.
Stock Market Today: Newgen Software Share Price Jumps To Over One-Month High
Newgen Software Technologies Ltd. share price jumped 7.05% to Rs 947 apiece, the highest level since Aug 6. The stock price was trading 5.36% higher at Rs 930 apiece as of 11:30 a.m.
Nifty|Sensex| Stock Market Today: Zen Technologies Share Price Hits 5% Upper Circuit
Zen Technologies Ltd. share price hita 5% upper circuit and rose to Rs 1,621.30 apiece, the highest level since July 29. The stock has gained for two sessions in a row.
IPO News: Solarworld Energy IPO: Price Band Set At Rs 333-351 Per Share—Details Here
Solarworld Energy Solutions Ltd., announced the price band for its initial public offering, which is set to open on Tuesday, Sept. 23. The company has set the IPO price band at Rs 333 to Rs 351 per equity share for the public issue. The IPO will conclude on Sept. 25. The date of allotment of shares to IPO investors will be Sept. 26.
Nifty 50|Sensex| Stock Market LIVE: TCS Partners With Vodafone Idea To Transform Business Support System
Tata Consultancy Services Ltd. has partnered with Vodafone Idea to transform business support system. A five-year pact to help Vodafone Idea with new capabilities in customer relationship, the company said in the exchange filing.
Nifty 50|Sensex| Stock Market LIVE: Poonawall Fincorp Share Price Jumps To Over One-Year High
Poonawalla Fincorp share price jumped 12.66% to Rs 503.70 apiece, the highest level since April 30, 2024. The company's board approved allotment of 3.3 crore shares worth nearly Rs 1,500 crore to promoter Rising Sun.
Nifty 50|Sensex| Stock Market Today: Cochin Shipyard Shares Trade Higher After Rs 200 Crore Order Win From ONGC
The shares of Cochin Shipyard Ltd., were trading higher after the company signed an agreement with ONGC for dry dock and major lay-up repairs of jack-up rig. The project is estimated at Rs 200 crore, according to an exchange filing and is expected to be completed in around 12 months.
The company also said that none of the promoter or promoter group have any interest in the entity that awarded the order.
Cochin Shipyard stock rose as much as 2.62% during trade so far to Rs 1,940 apiece on the NSE.
Stock Market LIVE: SEPC Gets Order Worth Rs 443 Crore
SEPC Ltd. received order worth Rs 443 crore from Delhi Water Resources Department for irrigation scheme, the company said in the exchange filing.
IPO News: iValue Infosolutions Secures Rs 168 Crore From Anchor Investors Ahead Of IPO
iValue Infosolutions Ltd. has raised Rs 168 crore from anchor investors on Wednesday, ahead of its initial public offering. The company allotted 56.21 lakh shares at Rs 299 apiece to 13 anchor investors.
ICICI Prudential Innovation Fund received the highest allocation of 29.75%. UNIFI BCAD Fund received the second highest allotment of 14.87% and UTI Small Cap Fund got 11.90% stake in the company.
Sectoral Performance At Open: Nifty IT Rises Most
On National Stock Exchange, 11 sectoral indices advanced, two remained flat and two declined out of 15. The NSE Nifty IT rose the most while the NSE Nifty PSU Bank declined the most.
Nifty Contributors: HDFC Bank, Infosys, ICICI Bank Support Gains
HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and ITC Ltd. added to the NSE Nifty 50 index.
Bajaj Finance Ltd., Hindalco Industries Ltd., Kotak Mahindra Bank Ltd., HDFC Life Insurance Co., and Apollo Hospitals Enterprise Ltd. limited gains in the NSE Nifty 50 index.
Nifty 50|Sensex|Stock Market LIVE: Nifty, Sensex Trade Over Two-Month High
The NSE Nifty 50 and BSE Sensex were trading at over two-month high as HDFC Bank Ltd. and Infosys Ltd. share prices led. The indices were trading 0.36% and 0.44% higher as of 9:22 a.m.
Stock Market LIVE: Cohances Lifesciences Has 3.42 Crore Shares Changed Hands In Block Trades
Cohances Lifesciences Has 3.42 Crore Shares Changed Hands In Block Trades. Its 8.9% equity changed hands so far.
LIVE: Yield On 10-Year Bond Opens Higher
The yield on the 10-year bond opened 2 basis points higher at 6.49%
It closed at 6.47% on Wednesday
Source: Bloomberg
LIVE: Rupee Opens Weaker Against US Dollar
Rupee opened 15 paise weaker at 87.97 against US Dollar
It settled at 87.82 on Wednesday
Source: Cogencis
Nifty Sensex Today| Stock Market Today: Indiqube Spaces Shares Rated New Buy At ICICI Securities
CICI Securities has initiated its coverage on Indiqube Spaces Ltd. with a "buy" rating, setting a target price of Rs 334. This represents a potential upside of 46% from the current market price of Rs 230.
Expectations of growth in both revenue and profitability drive the brokerage firm's positive outlook. It also bets on Indiqube's strong positioning in India's booming office and flexible workspace markets.
Nifty 50| Sensex| Stock Market LIVE: Bharti Airtel, RIL Upgraded, Vodafone Idea Downgraded By HSBC
HSBC Global Investment Research has issued a mixed outlook for India's telecom space, reiterating a bullish stance on Reliance Industries Ltd. (RIL) and Bharti Airtel Ltd. while lowering the target price for Vodafone Idea Ltd.
In a latest note, HSBC has maintained a 'buy' rating on Bharti Airtel, with an unchanged target price of Rs 2,200. The brokerage firm has backed Jio as well, raising the price target for RIL from Rs 1,630 to Rs 1,750 while maintaining a 'buy' rating.
Stocks To Watch Today: Marico, Blackbuck, Lodha Developers, Poonawalla Fincorp, Bandhan Bank
Marico Ltd., Zinka Logistics Ltd., Lodha Developers Ltd., Poonawalla Fincorp Ltd. and Bandhan Bank Ltd. are some of the stocks that are going to catch investors' attention on Thursday.
Stock Picks Today: Sun Pharma, ICICI Bank, Bajaj Finance, Afcons, Yes Bank, Laurus Labs On Brokerages' Radar
Sun Pharmaceuticals Ltd., Bajaj Finance Ltd., Afcons Infrastructure Ltd., ICICI Bank Ltd., Yes Bank Ltd., Avenue Supermarts Ltd., Shriram Finance Ltd., and Laurus Labs Ltd., are among the companies garnering brokerage commentary today.
Pre-Market Views: Nifty Moving Towards Overbought Zone
"Technically, the spot remains well above its 9-, 20-, and 50-day Exponential Moving Average, with the Relative Strength Index (14) reading at 67 — inching toward the overbought zone. While this does not guarantee a reversal, traders should watch for potential consolidation or a healthy pullback towards the psychological 25,000 level. Such dips could present attractive buy-on-dip opportunities if the bullish bias sustains,"Hariprasad K, Research Analyst and Founder, Livelong Wealth
Gold Prices Decline Post US Fed Rate Cut
Gold prices declined after the US Federal Reserve delivered a 25-basis-point rate cut in line with market expectation and guided for more rate cuts.
The Bloomberg Spot gold was trading 0.11% down at $3,656 as of 7:22 a.m.
Bitcoin Prices Rebound After SEC Gives Exchanges Nod To Speed Up To List Bitcoin
Bitcoin prices rebounded from previous day's slump after the Securities and Exchange Commission approved three exchanges' request to speed up the process to list bitcoin and gold exchange-traded funds.
Cboe Global Markets Inc, Nasdaq Inc, and NYSE Group Inc won the persmission from the regulator.
Bitcoin was trading 0.84% higher at 116,623.08 as of 7:05 a.m. Earlier, it jumped 1.18% to 117,016.83.
"Bitcoin is trading above $116,600, up nearly 2% following the Fed’s 25bps rate cut, with Ethereum, Solana, and other majors also gaining up to 6% since last night," said Edul Patel, CEO, Mudrex. "A decisive move above $117,000 could take BTC to new highs, with a strong support forming at $115,000."
102 Dividend Stocks: NSDL, Mazagon Dock, Bharat Dynamics, Nalco — Last Day To Buy Shares To Qualify
Shares of National Securities Depository Ltd., Mazagon Dock Shipbuilders Ltd., Bharat Dynamics Ltd., National Aluminium Company Ltd., and 98 other companies will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines shareholder eligibility to receive a dividend.
Asia Markets LIVE: Nikkei 225 Hits Fresh High After US Fed Rate Cut
Japan's benchmark index a record high Thursday after the US Federal Reserve reduced the federal fund target rate by 25 basis points. The index touched a high of 45,089.27.
As of 6:56 a.m., the index was trading 0.72% higher at 45,124.00.
LIVE: GIFT Nifty Hints At Positive Open; Cochin Shipyard, Marico, Railtel Corp Shares In Focus
The GIFT Nifty was trading 0.26% or 65.55 points higher at 25.488.50 as of 6:31 a.m. This implied the NSE Nifty 50 will likely open higher on Thursday.
Markets in Japan and South Korea rose Thursday after the US Federal Reserve delivered a 25-basis-point rate cut in line with market expectation. Despite guiding for a two more rate cuts, Chair Jerome Powell expressed caution about the future rate path which added to volatility.
The Nifty 50 and Sensex ended higher on Wednesday. The Nifty 50 settled 0.36% higher at 25,330.25 and the Sensex ended 0.38% higher at 82,693.71.
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