Stock Market News Live: Nifty At 25,100, Sensex Up 200 Points; Tata Steel Gains After Business Update
The GIFT Nifty was trading 0.18% higher above 25,100 early Thursday. The futures contract based on the benchmark Nifty 50 rose to 25,137.5 as of 6:34 a.m.
Stock Market Live News: GM Breweries In Focus
The shares of GM Breweries surged over 11% after the company posted second quarter results. The scrip was trading at Rs 864 apiece on the NSE.
Stock Market Live News: Tata Steel Top Gainer
Tata Steel shares continued to hold its place as the top gainer in the Nifty 50 pack with over 2% gains. This comes after the company posted its second quarter updates.
Stock Market Live News: Tata Steel Share Price
Tata Steel's share price rose to Rs 176 after the company posted its second quarter update. The consolidated Crude Steel Production for the second quarter grew by 7% year-over-year, reaching 5.67 Million Tonnes.
India's Delivery Volume saw a 9% YoY increase, totaling 5.56 MT in Q2. The UK Delivery Volume declined by 11% YoY to 0.56 MT in the second quarter. Netherlands Steel Production edged up by 1% YoY, standing at 1.67 MT in Q2.
LG Electronics India IPO: Update
Overall subscription at 4.6 times
NIIs Lead with 12.2 times the subscription
QIB subscription at 2.7 times
Retail Investors subscription at 2.3 times
Source: BSE
WeWork India IPO: Bombay High Court Reserves Order
The Bombay High Court on Oct. 8 reserved its order in the WeWork IPO matter, after hearing detailed arguments from both sides on disclosure lapses and regulatory oversight surrounding the company’s Rs 3,000-crore initial public offering.
While the spokesperson for the petitioners said that the verdict may impact the initial public offering, the company clarified that the stock market debut, scheduled on Oct. 10, is on track.
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