Stock market live updates: Sensex, Nifty to open flat with negative bias on valuation concerns

by maridundas

SENSEX   84,544.31

+ 1,359.51

NIFTY   25,790.95

+ 375.15

CRUDEOIL   6,023.00

+ 110.00

GOLD   73,860.00

+ 422.00

SILVER   90,370.00

+ 402.00

SENSEX   84,544.31

+ 1,359.51

NIFTY   25,790.95

+ 375.15

NIFTY   25,790.95

+ 375.15

CRUDEOIL   6,023.00

+ 110.00

CRUDEOIL   6,023.00

+ 110.00

GOLD   73,860.00

+ 422.00

Updated – September 20, 2024 at 04:34 PM.

Sensex, Nifty, Share Prices Highlights: Indian stock markets soared to all-time highs on Friday noon trade, with the Sensex crossing the 84,000 mark for the first time. Sensex closed higher at 84,544.31, positive by 1359.51 pts or 1.63%, and Nifty 50 at 25,790.95, higher by 375.15 pts or 1.48%. Top gainers today are M&M (5.32%), ICICI Bank (4.47%), JSW Steel (3.69%), L&T (2.97%), Coal India (2.84%). Top losers today are Grasim (-2.33%), SBI(-0.69%), NTPC (-0.22%), IndusInd (-0.19%), Hero Motocorp (-0.10%). Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,547.53 crore on Thursday, according to exchange data. Global oil benchmark Brent crude dipped 0.23% to $74.71 a barrel. Despite global economic uncertainties, the Indian markets showed resilience, with investors betting on continued economic growth and strong corporate earnings.


| Photo Credit: Ta Nu

tock Market Highlights | Share Market Highlights – Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 20 September 2024.

ALL UPDATES

  • September 20, 2024 16:19

    Stock Market live today: Adani Ports and Rorix Holdings join forces to transform commodities trade

    Adani Ports and Special Economic Zone Ltd (APSEZ) , has signed a Memorandum of Understanding (MOU) with Rorix Holdings, an Abu Dhabi-based trade facilitation and finance company. The agreement, announced today, aims to integrate advanced technologies in their logistics and trading platforms, potentially revolutionising the commodities market ecosystem.

    Adani Ports shares were trading at ₹1,439.40 up by ₹31.20 or 2.22 per cent on the NSE today at 3.15 pm.

  • September 20, 2024 16:14

    Stock Market live today: Sensex soars 1,359 pts to settle above historic 84,000 mark; banks, auto shares shine in global rally

    The 30-share BSE Sensex jumped 1,359.51 points or 1.63% to settle at an all-time high of 84,544.31. During the day, it soared 1,509.66 points or 1.81% to hit the momentous intra-day peak of 84,694.46.

    The NSE Nifty surged 375.15 points or 1.48% to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70% to reach an all-time intra-day peak of 25,849.25.

    From the 30 Sensex firms, Mahindra & Mahindra jumped over 5%. JSW Steel, ICICI Bank, Larsen & Toubro, Bharti Airtel, Nestle, Adani Ports, Hindustan Unilever, HDFC Bank, Tech Mahindra, Maruti, Kotak Mahindra Bank and Tata Steel were the other big gainers.

    State Bank of India, IndusInd Bank, Tata Consultancy Services and Bajaj Finance were the laggards.

    Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,547.53 crore on Thursday, according to exchange data.

    Global oil benchmark Brent crude dipped 0.23% to $74.71 a barrel. (PTI)

  • September 20, 2024 15:40

    Stock Market live today: Top gainers and losers on the NSE

    Top gainers: 

    M&M (5.32%), ICICI Bank (4.47%), JSW Steel (3.69%), L&T (2.97%), Coal India (2.84%) 

    Top losers: 

    Grasim (-2.33%), SBI(-0.69%), NTPC (-0.22%), IndusInd (-0.19%), Hero Motocorp (-0.10%)

  • September 20, 2024 15:39

    Stock Market live today: Sensex closed higher at 84,544.31, positive by 1359.51 pts or 1.63%, and Nifty 50 at 25,790.95, higher by 375.15 pts or 1.48%

  • September 20, 2024 15:32

    Stock Market live today: Dev Information Technology secures a contract from RajCOMP, shares trade up

    Dev Information Technology Limited has secured a contract from RajCOMP Info Services Limited, a State Government entity in Rajasthan.

    Stock surged 3.83% to ₹131 on the NSE

  • September 20, 2024 15:31

    Stock Market live today: Rama Steel announces closure of Bank Loan Facility, shares trade down

    Rama Steel Tubes Limited has announced closure of entire Bank Loan Facility sanctioned to wholly owned Subsidiary-Lepakshi Tubes Private Limited in the tune of ₹13.27 Crore.

    Shares trade at ₹15.27 on the NSE, down by 0.84%.

  • September 20, 2024 15:29

    Stock Market live today: Jubilant Ingrevia has redeemed commercial paper of ₹100 Crore. Stock rose 1.70% on the NSE, trading at ₹767.75

  • September 20, 2024 15:28

    Stock Market live today: Market analysis by Lotusdew

    Abhishek Banerjee, smallcase Manager and Founder at Lotusdew: 

    “Nifty has dislodged China as the largest country in MSCI EM and is hitting all-time highs with 2 active wars. This shows that India is becoming a safe haven instead of an emerging country where money is flowing in to keep it safe and out of conflict. While India’s account deficit is also hitting all time high, we are sitting on highest forex reserves too. The ability to cut rates to weather any shocks, corporate private capex on the anvil and record inflows from SIP – India looks to be a great place to be invested in”

  • September 20, 2024 15:07

    Stock market today: Top gainers and losers on NSE

    Top gainers on the NSE as at 3 pm:

    M&M (4.92%), Coal India (3.37%), JSW Steel (3.36%), L&T (3.05%), Adani Enterprises (2.38%)

    Top losers:

    Grasim (-1.77%), SBI(-1.27%), TCS (-0.78%), IndusInd (-0.72%), Bajaj Finance (-0.55%)

  • September 20, 2024 15:02

    Stock market live today: 2,381 stocks advance, 1,543 decline on BSE

    Stocks advanced on BSE at 3 pm on September 20, 2024, were 2,381 against 1,543 stocks that declined, and 107 remained unchanged. Total stocks traded were 4,031. The number of stocks that recorded a 52-week high was 251, and those that hit a 52-week low was 44. 

    A total of 298 stocks traded in the upper circuit, and 272 in the lower circuit.

  • September 20, 2024 14:55

    Share market today: Top Nifty Metal gainers

    Top gainers of Nifty metal stocks:

    JSW Steel (3.60%), JSL (2.87%), Adani Enterprises (2.34%), National Aluminium (2.15%)

  • September 20, 2024 14:51

    Share market live today: Stock in focus: Adani Ports

    Rorix Holdings, the Abu Dhabi-based global trade facilitation and finance company, has signed a Memorandum of Understanding (MOU) during the UAE-India Business Forum with Adani Ports and Special Economic Zone Limited.

    Adani Ports stock rose 1.79% on the NSE, trading at ₹1,433.40

  • September 20, 2024 14:48

    Share market live news: TBO Tek stock trades flat on NSE

    Jumbonline Accommodations & Services SLU, a wholly owned step-down subsidiary of TBO Tek, has incorporated a new wholly owned subsidiary in Canary Island by the name of TBO Jumbonline Canarias, SLU. 

    TBO Tek stock trades flat on the NSE at ₹1,741.30.

  • September 20, 2024 14:43

    Share market today: Master Capital Services’ Director on why stock market is rising today

    Why the stock market is rising today, here is the view from Palka Arora Chopra, Director, Master Capital Services Ltd:

    The current upswing in the stock market results from market forecasts of increased foreign inflows into India following the Fed rate decrease, combined with the fact that US Jobless Claims are at their lowest point since May 2024 alleviating concerns about the US market’s slowdown. Overnight, the Dow Jones Industrial Averages and S&P 500 index surged to 1.7%. Asia saw a rise in markets in Korea, Japan, and Hong Kong. Domestic stocks followed the global rally’s path. The US labor market is not failing; rather, it is simply slowing down, according to the good labour market data released recently. Since inflation is under control, a scenario with declining interest rates calls for a soft landing for the US. This is good news for the world’s equity markets.

  • September 20, 2024 14:35

    Share Market Today: Wonderla Holidays announced opening of its latest amusement park in Bhubaneswar. Stock traded at ₹884.85 on the NSE, higher by 1.98%.

  • September 20, 2024 14:22

    Stock market live: Yes Bank receives penalty worth ₹10,000

    Yes Bank has received an Order from the Income-tax Department, at 2:19 PM on September 19, 2024, imposing penalty amounting to Rs. 10,000/- for delayed submission of information called for u/s 143(2) of the Income-tax Act, 1961 (“the Act”) for Assessment Year 2018-19

    Shares trade flat on the NSE at ₹22.99

  • September 20, 2024 14:13

    Stock Market Live Today: Stocks in focus

    1. ⁠Cosmic CRF: ORDER

    Subsidiary of Company has bagged order worth INR 127 Cr for supply of Cold Formed Steel Sheet Piles within 1 Year.

    2. EMS: ORDER & FUND RAISE

    Company has been awarded the status of lowest bidder (L-1) for its largest tender, valued at INR 681 Cr, by the Kolkata Municipal Corporation. This project involves the design, construction, testing, and commissioning, to be completed within 36 months, followed by a 15-year operation and maintenance (O&M) period. EMS Limited holds a 74% stake in the project, with the remaining 26% held by its joint venture partner.

    BoD approved the issuance of equity shares for an aggregate amount not exceeding INR 400 Cr by way of qualified institutions placement (QIP).

    3. ⁠Hariom Pipes: FUND RAISE

    BoD meeting is scheduled on 24/09/2024 to consider fund raise.

    4. Network People Service⁠: BUSINESS UPDATE

    Company announced the launch of EvoK 3.0, its AI-ML-powered Online Payment Platform, designed for payment aggregators and banks within the acquiring ecosystem, effective September 2024. This solution is currently in its sales cycle, and Company is encouraged by accounts nearing the go-live stage. Additionally, the company is implementing policy upgrades related to processing and merchant acquiring on the existing EvoK 2.0 platform to align with evolving industry and regulatory standards. Company is also excited to share that new partnerships and launches will soon be announced, further scaling the organization and supporting ongoing growth. Company confirmed that its annual growth guidance remains unchanged.

    5. ⁠Supreme Power: ORDER

    Company has received new order of worth INR 26 Cr from Solar Energy Company, for Manufacturing and Supply of transformers, needs to be executed within 5 months.

  • September 20, 2024 14:12

    Stock Market Live: Swastika Investmart’s Santosh Meena on stock markets today

    Sensex and Nifty 50 jumped 1% to hit all-time highs. What is driving the Indian stock market, here is the view from Santosh Meena, Head of Research, Swastika Investmart Ltd:

    The Indian markets are rallying today, driven by strong global cues. Historically, emerging markets tend to outperform during the onset of a rate-cut cycle in the U.S., especially when coupled with a decline in the dollar index and U.S. bond yields. Indian markets, backed by robust fundamentals, remain resilient despite concerns over valuations. 

    Large-cap stocks, particularly in the private banking sector, continue to look attractive, fueling the current bullish momentum. However, there is noticeable underperformance in the broader market. This positive trend is expected to persist unless significant negative developments arise on the domestic or global front.

    For Nifty, 25,921 is the immediate target, while 25,500 should serve as a strong support level.

  • September 20, 2024 13:44

    Share Market Live Updates: Nifty Metal climbed 1.36% to 9,377.00, Nifty Auto rose 1.25 to trade at 26,231.20, and Nifty Bank was up 0.50% to 53,303.25.

  • September 20, 2024 13:42

    Stock market today: Reliance Industrial Infra receives penalty worth ₹1.59 lakh

    Reliance Industrial Infrastructure has received an order from the Office of the State Tax Officer, Jamnagar, Gujarat levying on the Company a penalty of ₹1,59,810 under Section 74 of the Central Goods and Services Tax Act, 2017 and the Gujarat Goods and Services Tax Act, 2017. The Order has been passed alleging incorrect availment of input tax credit by the Company. The Company intends to file an appeal against the Order.

    Shares trade flat on the NSE at ₹1,145.

  • September 20, 2024 13:33

    Stock market live today: Thomas Cook Board approves ₹30 crore corporate guarantee for SOTC Travel; stock trades lower

    Thomas Cook board has approved issuance of Corporate Guarantee of ₹30 crore in favour of Kotak Bank Limited towards Overdraft & Bank Guarantee/SBLC facilities sanctioned to SOTC Travel Limited (wholly owned subsidiary of the Company).

    Thomas Cook (India) stock traded at ₹206.10 on the NSE, lower by 1.96%.

  • September 20, 2024 13:27

    Stock market live today: Lemon Tree Hotels signs license agreement for Keys Select in Srinagar; stock trades flat

    Lemon Tree Hotels has signed a License Agreement viz Keys Select by Lemon Tree Hotels, Srinagar, Jammu and Kashmir. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited and is expected to open in FY 2026.

    Stock trades flat on the NSE trading at ₹126.60

  • September 20, 2024 13:20

    Stock market live updates: BSE Sensex zoomed 1245.86 pts or 1.50% to trade at 84,430.66 as at 1 pm, and Nifty 50 rallied 358.75 pts or 1.41% to 25,774.55.

  • September 20, 2024 13:17

    Stock market live today: Torrent Pharmaceuticals gets Form 483 from USFDA after facility inspection; shares up 2.51%

    Torrent Pharmaceuticals informed that the USFDA has issued a Form FDA 483 with one observation following a routine GMP inspection of company’s Formulation manufacturing facility located at Pithampur, Madhya Pradesh.

    Shares were up 2.51% on the NSE, trading at ₹3,435.95

  • September 20, 2024 13:14

    Mid-day market updates: Sensex crosses 84,000; Nifty hits record highs amid metal, auto stock rally

    Indian stock markets reached unprecedented levels on Friday, with both the Sensex and Nifty indices hitting all-time highs. The Sensex surged past the 84,000 mark for the first time, trading at 84,199.41, up 1,014.61 points or 1.22 per cent from its previous close. Similarly, the Nifty climbed to 25,725.90, gaining 310.10 points or 1.22 per cent.

    The rally was driven by strong performances in key sectors, particularly metals and automobiles. M&M led the gains on the NSE, rising 4.49 per cent, followed by Eicher Motors at 3.68 per cent, JSW Steel at 3.27 per cent, Coal India at 3.04 per cent, and Adani Enterprises at 2.67 per cent. Only a few stocks witnessed declines, with Grasim down 0.51 per cent, TCS falling 0.38 per cent, and NTPC dropping 0.28 per cent.

  • September 20, 2024 13:06

    Stock in focus: Brokerages divided on Vodafone Idea after SC verdict on AGR dues; shares hit 52-week low

    Shares of Vodafone Idea plummeted to hit a 52-week low on Friday’s early trade on the NSE and BSE at ₹9.79 and ₹9.79, respectively. It slumped nearly 20 per cent on Thursday’s trade after the Supreme Court dismissed pleas filed by telecos seeking correction of alleged errors in the adjusted gross revenue (AGR). The move has invited mixed opinions from brokerages.

  • September 20, 2024 12:59

    Stock in focus: Patel Engineering emerges as lowest bidder for TEESTA-V power station project; stock surges 3.48%

    Patel Engineering Limited has been declared lowest Bidder (L1) for the works involving modification of diversion tunnel into tunnel spillway arrangement – Civil & Hydro Mechanical works for Package 6 – TEESTA-V POWER STATION, SIKKIM

    Stock surged 3.48% on the NSE, trading at ₹59.51

  • September 20, 2024 12:58

    Stock market live updates: Tata Motors inks MoU with ESAF SFB for commercial vehicle financing

    Tata Motors Signs MoU With ESAF Small Finance Bank For Commercial Vehicle Financing — Reuters

  • September 20, 2024 12:55

    Stock market live today: TCS expands operations in Poland; stock trades flat

    TCS Expands Operations in Poland, Opens New Global Delivery Centre in Warsaw

    Stock trades flat on the NSE at ₹4,298.95

  • September 20, 2024 12:47

    Stock market live today: Nessa International establishes new wholly-owned subsidiary in Saudi Arabia; FSN E-Commerce Ventures stock rises 2.39%

    Nessa International Holdings Limited, a stepdown subsidiary of FSN E-Commerce Ventures, has incorporated a new Wholly Owned Subsidiary in Kingdom of Saudi Arabia by the name ‘Nysaa Trading LLC’, a Limited Liability Company.

    FSN E-Commerce Ventures stock rose 2.39% to trade at ₹205.91 on the NSE.

  • September 20, 2024 12:42

    Stock market live today: Akme Fintrade opens new branch in Rajasthan; stock is trading up 1.8%

    Akme Fintrade (India) Limited has announced opening of New Branch Office at Gogunda, Rajasthan.

    Stock was up 1.80% on the NSE, trading at ₹116.

  • September 20, 2024 12:14

    Stock in focus: Knowledge Marine wins ₹19.27 cr Mumbai Port order; shares rise 2.65%

    Knowledge Marine & Engineering Works has been awarded a work order from Mumbai Port Authority for the work of hiring of two patrol boats with a speed of not less than 20 knots, for ₹19.27 crore. 

    Shares up 2.65% on the BSE to trade at ₹1,799.

  • September 20, 2024 12:13

    Nifty today: Top gainers on the NSE as at 12 noon

    M&M (4.17%), JSW Steel (3.42%), Eicher Motors (3.19%), Coal India (3.11%), L&T (2.59%)

    Top losers:

    TCS (-0.54%), Axis Bank (-0.49%), NTPC (-0.46%), Cipla (-0.44%), SBI (-0.15%)

  • September 20, 2024 12:02

    Sensex today: Advance-decline ratio at noon trade

    Stocks advanced on BSE at 12 noon on September 20, 2024, were 2,470 against 1.290 stocks that declined, and 147 remained unchanged. Total stocks traded were 3,907. The number of stocks that recorded a 52-week high was 208, and those that hit a 52-week low was 35. 

    A total of 246 stocks traded in the upper circuit, and 215 in the lower circuit.

  • September 20, 2024 12:00

    Sensex today: Sensex climbs 1,000.64 pts or 1.20% to trade at 84,185.44 as at 11.51 am.

  • September 20, 2024 11:59

    Stock market live today: Madhya Bharat Agro Products appoints Pankaj Ostwal as Managing Director effective June 05, 2025.

    Madhya Bharat Agro Products Limited has appointed PANKAJ OSTWAL as Managing Director of the company w.e.f. Jun 05, 2025.

  • September 20, 2024 11:38

    Stock market live today: Indices up 1%

    BSE Sensex jumps 915.64 pts or 1.10% to 84,100.44 as at 11.35 am. Nifty climbs to 25,685.80, higher by 270.00 pts or 1.06%.

  • September 20, 2024 11:13

    Share market today: NHAI imposes penalties worth ₹1 crore on HG Infra Engineering

    HG Infra Engineering informed that NHAI has imposed penalties totalling ₹1 crore. The Company does not agree with this imposition of penalties and will be filing its submissions against these penalties to the authority.

    Shares traded on the NSE at ₹1,557.35, higher by 2.11%.

  • September 20, 2024 11:11

    Stock market live today: IPCA Laboratories stock falls 0.60% on NSE

    IPCA Laboratories has received an Order in Appeal received from the Joint Commissioner (Appeals), CGST Jaipur under Section 107 of the CGST Act, 2017. amounting to Rs. 54,94,843/- .

    Stock slips 0.60% on the NSE, trading at ₹1,445.

  • September 20, 2024 11:09

    Rupee Today: Rupee rises 9 paise to 83.56 against US dollar in early trade

    The rupee sustained its gaining streak for the third straight session and rose 9 paise to 83.56 against the US dollar in early trade on Friday buoyed by a firm domestic equity market and weakening American currency.

  • September 20, 2024 10:56

    Stock market live today: F&O Query: Should you buy HDFC Bank call option?

    HDFC Bank (₹1,708.5): The stock broke out of resistance at ₹1,670 this week. But it is now trading near the next barrier at ₹1,710. Therefore, even though the trend is bullish, current market price may not be the apt price region to buy call options.

  • September 20, 2024 10:50

    Stock market live today: F&O Query: Should you buy Federal Bank futures?

    The Federal Bank (₹186.2): The stock faced strong resistance at ₹205 and has been falling since mid-August. Likewise, the September futures began falling off ₹206. In early September, it slipped below a key support at ₹192. 

  • September 20, 2024 10:31

    Stock in focus: Interarch Building Products secures new orders worth ₹633.5 cr

    Interarch Building Products Limited announced that the company has secured new orders worth ₹633.5 CR, in this financial year. 

    Shares trade at ₹1,259.35 on the NSE, higher by 6.59%.

  • September 20, 2024 10:26

    Stock market live today: Vodafone shares plummet, hit 52-week low

    Read live updates here

  • September 20, 2024 10:11

    Stock market live today: Bank Nifty Prediction today – Sep 20, 2024: Bulls in driving seat, consider longs

    Bank Nifty opened today’s session higher at 53,236 versus yesterday’s close of 53,038. The index is now trading at 53,140, up 0.2 per cent.

    The advance/decline ratio stands at 7/5, giving the index a positive bias. Punjab National Bank, up 0.9 per cent, is the top gainer whereas AU Small Finance Bank, down 1.1 per cent, is the top loser.

    While the Nifty Private Bank index has gained 0.2 per cent, Nifty PSU Bank is up 0.5 per cent so far today. So, broadly, the public sector banks seem to be outperforming the private peers.

  • September 20, 2024 09:57

    Stock market live today: Nifty Prediction today – Sep 20, 2024: Wait for the breakout before going long

    Nifty 50 began today’s session with a gap-up at 25,526 versus yesterday’s close of 25,416. But the index moderated a bit and is now hovering around 25,470, up 0.2 per cent in today’s early trade.

  • September 20, 2024 09:50

    Stock in focus: IIFL Finance shares surge 10.38% as RBI lifts restrictions on gold loan business

    IIFL Finance shares surged 10.38% on the BSE, trading at ₹548.80. 

    RBI has lifted the restrictions imposed on IIFL Finance’s gold loan business, allowing the company to resume sanctioning, disbursing, assigning, securitizing, and selling gold loans.

  • September 20, 2024 09:40

    Stock market live today: Vodafone Idea shares hit 52-week low today at ₹9.79

    Vodafone Idea shares hit 52-week low today at ₹9.79. Currently trades at ₹10.33 on the NSE, down by 0.48%.

  • September 20, 2024 09:39

    Stock market live updates: AstraZeneca Pharma India to launch Palivizumab (Synagis) in October 2024, shares trade flat at ₹6,746

    AstraZeneca Pharma India Limited will launch Palivizumab (Synagis) in October 2024 in India. 

    Shares trade flat on the NSE at ₹6,746

  • September 20, 2024 09:38

    Stock market live today: IndoStar Capital Finance to sell subsidiary to BPEA affiliate for ₹1,750 crore, shares surge 4.64% to ₹315.65

    IndoStar Capital Finance Limited (IndoStar) announced that its Board has approved the sale of its subsidiary, IndoStar Home Finance Private Limited (IHFPL) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (“EQT”), a global private equity investor, for ₹1,750 crore on a fully diluted basis.

    Shares surged 4.64% on the NSE to trade at ₹315.65

  • September 20, 2024 09:37

    Stock market live today: SEBI issues interim order against Axis Capital, Axis Bank stock slips 0.62% to ₹1,235

    SEBI has issued an Interim Order against Asix Bank’s wholly owned subsidiary Axis Capital Limited (ACL) restraining ACL, as an interim measure and pending inspection of ACL by SEBI, from taking up any new assignments in the capacity of a merchant banker, arranger or underwriter for any issue / offer for sale of securities limited to the debt segment. 

    Axis Bank stock slipped 0.62% on the NSE to ₹1,235

  • September 20, 2024 09:37

    Stock market live today: Synergy Green gets trading nod for rights entitlements, stock trades flat at ₹434.05

    Synergy Green Industries has received the trading approval of Rights Entitlements w.r.t., the rights issue to be opened by Synergy Green Industries Limited, from the respective Stock Exchanges.

    SGIL stock trades flat on the NSE at ₹434.05.

  • September 20, 2024 09:33

    Stock in focus: L&T acquires 12.25% stake in IFQM, shares rise 1.04%

    L&T has been allotted 1,25,00,000 equity shares of Indian Foundation for Quality Management (IFQM) representing 12.25% stake in IFQM.

    Shares rose 1.04% to trade at ₹3,721.90 on the NSE

  • September 20, 2024 09:33

    Nifty today: Top gainers, losers at 9.30 a.m.

    Top gainers on the NSE as at 9.30 am:

    JSW Steel (3.15%), Coal India (1.89%), Tata Steel (1.82%), Hindalco (1.80%), HDFC Life (1.71%)

    Top losers:

    Axis Bank (-0.58%), Titan (-0.55%), Cipla (-0.54%), Asian Paints (-0.48%), Tata Motors (-0.43%)

  • September 20, 2024 09:31

    Stock market live today: Crude oil futures trade lower as China keeps Loan Prime Rate unchanged

    Crude oil futures traded lower on Friday morning as China decided to keep its loan prime rate (LPR) unchanged despite less encouraging economic activities in that country. At 9.27 am on Friday, November Brent oil futures were at $74.75, down by 0.17 per cent, and November crude oil futures on WTI (West Texas Intermediate) were at $71.04, down by 0.17 per cent. October crude oil futures were trading at ₹5953 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹5963, down by 0.17 per cent, and November futures were trading at ₹5916 against the previous close of ₹5928, down by 0.20 per cent.

  • September 20, 2024 09:30

    Stock market live today: BEL to collaborate with Canada’s ReliaSat to foray into space products

  • September 20, 2024 09:29

    Stock market live today: Opening Bell: Markets rally on Fed rate cut; metals lead gains 

    Indian stock markets opened higher on Friday, buoyed by the U.S. Federal Reserve’s aggressive 50 basis point interest rate cut and signals of further easing. The benchmark Sensex surged over 400 points to 83,603.04 at the open, while the Nifty 50 index climbed to 25,525.95, up from Thursday’s close of 25,415.80. 

    Metal stocks led the gains in early trade, with JSW Steel, Coal India, Tata Steel, and Hindalco among the top performers on the Nifty, rising between 1.80 per cent to 3.15 per cent. HDFC Life also saw strong buying interest, up 1.71 per cent. 

  • September 20, 2024 09:00

    Commodities market today: Silver up at $30.85

    Silver rose to roughly $30.85 as the dollar eased from recent highs, relieving downward pressure on commodity prices. These actions came as the US Federal Reserve slashed interest rates by a whopping 50 basis points on Wednesday, its first in four years. Meanwhile, Fed Chair Powell stated in the post-meeting news conference that there is no rush to loosen policy and that half-point reduction are not the “new pace.” This week, investors awaited significant policy announcements from the Bank of England and the Bank of Japan. Markets are also waiting for policy indications from China, as an aggressive US rate cut allows Chinese policymakers to loosen policy even more to assist the economy.

  • September 20, 2024 09:00

    Commodities market today: Gold gains to $2,590.25

    Gold surged beyond $2,590 after falling from record highs, as markets assessed the Federal Reserve’s decision. On Wednesday, the Fed reduced interest rates for the first time since early 2020, with a larger-than-expected 50 basis point reduction to address slowing inflation and a likely labour market slowdown. Fed officials also expect the benchmark rate to fall by another half percentage point by the end of the year. This decision is expected to stimulate the demand for gold by lowering the opportunity cost of storing non-yielding assets. However, during a press conference, Chair Jerome Powell stated that the Fed is not in a hurry to loosen monetary policy and that the dot plot projections for the federal funds rate should not be interpreted as a policy plan.

  • September 20, 2024 08:59

    Stock market live today: ICICI Securities on markets today 

    Indian benchmark indices Sensex and Nifty 50 are likely to open gap up as trend in GIFT Nifty suggest a positive start for the broader index. Asian markets were trading higher. US markets surged to a record high on Thursday, after the US central bank cut interest rate by 50 basis points and indicate more rate cuts going forward. At close, the Dow Jones Industrial Average, closed higher by 1.26% at 42025, the Nasdaq Composite, gained 2.51%, to end at 18,013.98, the S&P 500 climed 1.7% to end at 5713.64 points. Indian equity indices ended higher on September 19. At close, the Sensex was up 236.57 points or 0.29 percent at 83,184.80, and the Nifty was up 38.25 points or 0.15 percent at 25,415.80. Indian equity indices ended higher on September 19. At close, the Sensex was up 236.57 points or 0.29 percent at 83,184.80, and the Nifty was up 38.25 points or 0.15 percent at 25,415.80.

  • September 20, 2024 08:59

    Stock market live today: Deepak Jasani predicts flat to slightly higher opening for Indian markets today

    Deepak Jasani, Head of Retail Research at HDFC Securities on markets open today: Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and positive US markets on Sept 19

  • September 20, 2024 08:58

    Stock market live today: Macro and market update this morning

    Divergent Fed & BoJ – A Rare Phenomenon .. After Fed’s cuts, attention turns towards BoJ – expected to remain hawkish (no hikes) and the market moves will be dependent upon the communication of the Governor. Hawkish BoJ can drive another leg of rally in USDJPY towards 137-138 levels which can bring in risks of another carry trade unwinding fears. BoJ data as on Jul-24 indicate, globally USD 5.5bn (6m rolling sum) equity investments were withdrawn by Japanese investors as on July 2024 while in India, the equity investments from Japanese rose between Apr-23 to July 2024. *(chart attached).

    Despite Fed’s bumper 50bps hike, the BOE yesterday held rates steady at 0.5% . In its policy statement, the BoE announced that it will reduce the stock of gilts by 100 billion GBP in the year of October 2024-September 2025. The pound hit its highest since March 2022 versus the dollar after the BoE decision. Sterling was up 0.51% against the USD at $1.32 after reaching as high as $1.33.

    In a similar move, People’s Bank of China too kept its benchmark loan prime rate unchanged, but is expected to eventually trim the rate further amid steadily deteriorating economy.

    In a separate data Japan’s headline CPI inflation rose to 3% in August from 2.8% in the prior month, hitting a 10-month high. The data is in line with BOJ forecast and will allow BOJ room for future hikes

    In the US, Initial claims for state unemployment benefits dropped 12,000 last week to a seasonally adjusted 219,000 for the week ended Sept. The continuing claims have declined from more than 2-1/2-year highs touched in July. However the housing market took a slight hit, existing home sales in the US fell by 2.5% from the previous month to a seasonally adjusted annualized rate of 3.86 million in August of 2024, edging down from the upwardly revised 3.96 million sales, to mark the fourth decline of the year.

    In an ongoing war, Israel’s defence minister has declared the start of a new phase of the war as Israel turns its focus toward the northern front against Hezbollah militants in Lebanon. 

    Meanwhile in India, the government took action to address food inflation. In a strategic move, it decided to partially restore wheat allocations for beneficiaries under the Pradhan Mantri Gareeb Kalyan Ann Yojana (PMGKAY) . This marks a shift after over two years, during which wheat rations were cut due to a lower yield, with rice stepping in to fill the gap. 

    Continuing with the recent slew of announcements by the govt, the Home Minister launched White Revolution 2.0’, a comprehensive initiative aimed at empowering women farmers and creating job opportunities.

    In a sing that labour woes remain aplenty in India; Samsung sued Indian labour union over strike that disrupted production, for demanding higher wages and recognition of union that contributes a third of Samsung’s annual India revenue of $12 bn

    In order to push exports, Indian The government has decided that the state-owned Shipping Corporation of India (SCI) will start operating a large container ship and purchase five additional second-hand container vessels apart from reducing loading and handling cost of logistics.

    Asian market

    Asia market opened higher today followed by the US market after the Fed rate cut. 

    Brent: 74.59, USD10Y: 3.7%, DXY: 100.63 Gift Nifty: +0.15%

  • September 20, 2024 08:57

    Stock market live today: INVESTEC ON INDIGO

    Downgrade to Sell from Hold; target price at Rs 4050

    Out-of-sync valuation ignores margin risk

    Unexciting growth, yet premium valuation

    Margin volatility is inescapable; unfavourable risk-reward

    Large aircraft orderbook offers growth

    Visibility, it does not guarantee earnings growth because of its higher sensitivity to margins

    Earnings growth over the next three years is unexciting

  • September 20, 2024 08:56

    Stock market live today: MOSL on LTMindtree

    Buy, TP Rs 7400

    Believe US BFS recovery will remain a key monitorable, (BFSI a/cs for 35% of rev) 

    This, coupled with resumption of ERP modernization projects, could catapult revenues higher for LTIM.

    However, margin expansion & churn top-level key concerns

  • September 20, 2024 08:56

    Stock market live today: Macquarie on Metals

    Upgrade JSW Steel to O-P; TP raised to Rs 1077

    JSPL top pick; TP raised to Rs 1170

    Hindalco– OP, TP raised to Rs 760

    Tata Steel–O-P, TP Raised 171

    Coal India–TP raised to Rs 541

    Commodities price outlook factors in upside risks over next 6-12mths

  • September 20, 2024 08:55

    Stock market live today: BoFA Sec on Pharma

    Mirabegron uncertainty weigh on ZYDUSLIF/LPC in near-term

    While do not expect cos to stop supplies (unless there is restriction by court), uncertainty does create a near-term overhang

    Zydus Life – N, TP cut to 1145 

    Lupin – UP , TP cut to Rs 1560 

  • September 20, 2024 08:55

    Stock market live today: Brokerages call on Telecom sector

    GS on Telecom

    Sell Call On Vodafone Idea, Target Rs 2.5

    Sell Call On Indus Towers, Target Rs 350

    Buy Call On Reliance Ind, Target Rs 3,430

    Buy Call On Bharti Airtel, Target Rs 1,700

    SC Rejects Curative Petition On AGR

    In Base Case Were Not Building Any Reduction In AGR Liability.

    SC’s Move On AGR Raises Probability Of Larger & More Frequent Tariff Hikes For Vodafone Idea

    Vodafone Idea May See Tariff Hikes To Be Able To Bridge The FCF Gap

    SC’s Move May Also Result Into Larger & Frequent Or Mkt Share Gains In Favour Of Bharti & Jio

    It Remains To Be Seen Whether Govt Could Provide Any Relief Measures

    In Absence Govt Relief, Would Expect FCF For Voda Idea To Be Negative At Least Until FY31

    UBS on Telecom

    Maintain Buy Call On Voda Idea

    We Earlier Highlighted That Voda Idea’s Fair Value/Sh Can Range Between Rs 12 With No Relief On AGR

    SC’s Dismissal Of Petition Now Reduces The Probability Of An Outright Waiver By Govt

    Do Not Rule Out An Equity Conversion Or Deferral (As Was Done Before)

    Need To Be See Whether These Measures Will Be NPV Positive For Equity Holders Of Voda Idea

    CLSA on Telecom

    For Voda Idea, Factor AGR Risk At Rs 7/Sh (40% Of Stock Fair Value) & Retain Underperform

    For Bharti Airtel, AGR Risk Is Lower At Rs 62/Sh (3% Of Fair Value) & Retain Outperform

    In Past, Voda Idea Had Self-Assessed AGR Dues At Rs 21,500 Cr Vs DoT Est Of Rs 58,300 Cr

    In Q1, Voda Idea Debt Included Rs 70,300 Cr For AGR, Besides Rs 1.39 Lk Cr Cr For Spectrum

    AGR Relief Is Crucial For Voda Idea & We Await Industry’s Next Steps

    In Absence Of AGR Relief, Voda Idea Could Face Financial Crisis In H2FY26/FY27CL

    H2FY26/FY27CL In When Annual Spectrum & AGR Payments To Govt Of $4-5 Bn/annum Become Due

    Macquarie on Telecom

    Order Of Preference Is Bharti Hexacom, Give Outperform Call

    Outperform Call On Bharti Airtel, Neutral On Reliance Ind,

    Underperform Call On Indus Towers & Vodafone Idea

    With SC Rejects Curative Petition On AGR, Voda Idea FCF Math Challenged

    Without AGR Relief, It Would Take At Least 25-30 Years For Voda Idea To Organically Pay Back Dues

    Further Repayment Timeline Extensions Are Required For Dues To Be Paid

    In Base Case, Continue To See Market-Share Erosion And Meaningful Equity Dilution Risk

    For Indus Towers, Where VI Is A Tenant, Core Earnings Could Have Already Peaked

    MS on Telcom

    Lack Of Potential AGR Relief Is Negative

    Existing Strong Players Could See Their Competitive Position Improve Further

    Think Bharti Airtel Is In A Sweet Spot (Continued Market Share Gains)

    Market Expectations Of Potential Relief Coming Through Will Now Be Dismissed

    Nomura on Voda Idea

    Upgrade to buy, TP Rs 15

    Worst is now behind us

    AGR overhang concludes; recent sharp correction with strong industry outlook provides an opportunity to buy

    Government support can materially ease VIL’s funding gap

    Maintain estimates which factor in a 12% ARPU hike & slowing subscriber loss trends for VIL over FY25-26F and a modest recovery in FY27F, which opine can have upside risks.

    Hence, expect its EBITDA to record a 15% CAGR over FY24-FY27F

    BOFA Sec on Indus Tower

    Buy, TP cut to Rs 450 

    AGR decision: Not direct but derivative impact 

    1: No impact on expected on tenancy growth

    2: Multiple de-rating likely

    3: Low possibility of lump-sum payment & any special dividend now

    Val @6.9X our FY26E EV/EBITDA inexpensive

  • September 20, 2024 08:52

    Financial market updates: Bank of Japan maintains 0.25% interest rate in September 2024 policy statement

    BANK OF JAPAN RELEASES STATEMENT ON MONETARY POLICY FOR SEPTEMBER 20, 2024. LEAVES RATES UNCHANGED AT 0.25%

  • September 20, 2024 08:41

    Stock market live today: AstraZeneca Pharma to launch Palivizumab (Synagis) in India for RSV prevention

    ASTRAZENECA PHARMA: CO TO LAUNCH PALIVIZUMAB (SYNAGIS) IN OCT IN INDIA FOR PREVENTION OF RSV-RELATED SERIOUS LOWER RESPIRATORY TRACT DISEASE IN HIGH-RISK CHILDREN

  • September 20, 2024 08:28

    Stock market live today: EQT’s BPEA mid-market growth partnership to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore

    EQT’s BPEA Mid-Market Growth Partnership or the MMG fund has agreed to acquire a 100% stake in Indostar Home Finance , a wholly owned subsidiary of Indostar Capital Finance, for Rs 1750 crore ($210 million), an exchange filing said.

    The MMG fund will invest Rs 500 crore of primary capital in Indostar Home Finance to support its next phase of growth. EQT aims to expand the company’s geographic footprint and accelerate its digital transformation journey by leveraging EQT’s in-house digitalization expertise, network of seasoned industry advisors, and expertise in go-to-market strategies.

  • September 20, 2024 08:27

    Stock market live today: India’s ready-made garment exports surge 11.9% to $1.26 billion in August 2024

    Ready-made garments exports from India increased 11.9 per cent (year-on-year) to $1.26 billion in August 2024 despite the persisting Red Sea crisis and global headwinds pulling down overall goods exports.

    Exporters are hopeful that the growth momentum will continue, as long-term policy support schemes focussed on garment exports and certain engagements with old FTA partner countries, like Japan and Korea, are starting to yield positive results.

  • September 20, 2024 08:11

    Stock market live today: Global Surfaces to launch new product series ‘Quartzites’ through its Dubai-based unit

    GLOBAL SURFACES: CO TO ANNOUNCE THE LAUNCH OF NEW PRODUCT SERIES “QUARTZITES” THROUGH ITS UNIT GLOBAL SURFACES FZE IN DUBAI, UAE

  • September 20, 2024 08:10

    Stock market live today: Fund Houses Recommendations  

    Macquarie on JSW Steel: Upgrade to Outperform on Company, raise target price at Rs 1077/Sh from Rs 884/Sh (Positive) 

    Macquarie on Hindalco: Maintain Outperform on Company, raise target price at Rs 760/Sh from Rs 597/Sh (Positive) 

    Macquarie on Coal India: Maintain Outperform on Company, raise target price at Rs 541/Sh from Rs 465/Sh (Positive) 

    Macquarie on JSPL: Maintain Outperform on Company, raise target price at Rs 1170/Sh from Rs 1070/Sh (Positive) 

    Macquarie on Tata Steel: Maintain Outperform on Company, raise target price at Rs 171/Sh from Rs 162/Sh (Positive) 

    BofA on Reliance Ind: Maintain Buy on Company, target price at Rs 3430/Sh (Positive) 

    BofA on Bharti Airtel: Maintain Buy on Company, target price at Rs 1700/Sh (Positive) 

    Investec on Mankind: Maintain Buy on Company, target price at Rs 3300/Sh (Positive) 

    Citi on Vodafone Idea: Maintain Buy on Company, target price at Rs 17.0/Sh (Positive) 

    Nomura on Vodafone Idea: Upgrade to Buy on Company, target price at Rs 15.0/Sh (Positive) 

    InCred on IIFL Finance: RBI has lifted the embargo on IIFL Finance for gold lending (Positive) 

    UBS on Vodafone Idea: Company’s fair value per share can range between Rs12 (no relief on AGR) to Rs24 (full relief / waiver of AGR) (Neutral) 

    Nuvama on Vodafone Idea: Maintain Hold on Company, target price at Rs 11.5/Sh (Neutral) 

    MS on Tata Steel: Maintain Underweight on Company, target price at Rs 135/Sh (Neutral) 

    MS on JSPL: Maintain Equal weight on Company, raise target price at Rs 970/Sh (Neutral) 

    MS on JSW Steel: Maintain Equal weight on Company, raise target price at Rs 895/Sh (Neutral) 

    BofA on Indus Tower: Maintain Buy on Company, cut target price at Rs 450/Sh (Neutral) 

    GS on Indus Tower: Maintain Sell on Company, target price at Rs 350/Sh (Neutral) 

    BofA on Zydus Life: Maintain Neutral on Company, cut target price at Rs 1145/Sh (Neutral) 

    BofA on Lupin: Maintain Neutral on Company, cut target price at Rs 1560/Sh (Neutral) 

    CLSA on Telecom Sector: For Voda Idea, factor AGR risk at ₹7/sh (40% of stock fair value) & retain underperform. AGR risk is lower for Bharti Airtel, at ₹62/sh (3% of fair value) & retain outperform (Neutral) 

    MS on Telecom Sector: Lack of potential AGR relief is negative. Think Bharti Airtel Is In A Sweet Spot (Neutral) 

    MS on SAIL: Maintain Underweight on Company, cut target price at Rs 105/Sh (Negative) 

    GS on Vodafone Idea: Maintain Sell on Company, target price at Rs 2.5/Sh (Negative) 

    Investec on Indigo: Downgrade to Sell on Company, target price at Rs 4050/Sh (Negative)

  • September 20, 2024 07:53

    Stock market live today: Opening bid: Indian equities to open flat with negative bias on valuation concerns

    Domestic markets are expected to open on a flat note with a negative bias. Analysts expect large-cap stocks to remain in consolidation mode, while mid-and small-cap stocks will remain under pressure due to valuation concerns. 

    The US Federal Reserve rate cut to revive rural theme expect analysts. Emkay Global Research, in a strategy report, said: “We expect the RBI to follow the FED’s suit in either Oct-24 or Dec-24, with rate cuts and a shift toward an accommodative stance on liquidity. The deep 50 bps cut by the Fed, extended by another 50bps by end-CY24, could force its hand to exert excessive upward pressure on the INR.”

  • September 20, 2024 07:42

    Stock recommendations: Nomura upgrades Vodafone Idea to Buy as AGR overhang concludes

    Nomura

    Vodafone Idea – The worst is now behind us; upgrade to Buy; AGR overhang concludes; recent sharp correction with strong industry outlook provides an opportunity to Buy from Neutral, with an unchanged TP of INR15.

  • September 20, 2024 07:41

    Stock market live today: Stocks in News 

    Phoenix Mills: Company has emerged as the highest bidder for two strategically located plots in Mohali, Punjab. (Positive) 

    Suzlon Energy: Company excluded from Stage 1 Additional Surveillance Measure framework (Positive) 

    HUDCO: Company has potential for extending Rs 75,000 crore to Rs 1 lakh crore loan assistance under PM Awas Yojana. (Positive) 

    IIFL Finance: RBI lifts restrictions imposed on gold loan business of the company. (Positive) 

    Infosys: Company and POSTI extend strategic collaboration. (Positive) 

    AU Small Finance: Partners with Niva Bupa Health Insurance to priorities customer health (Positive) 

    IDFC FIRST Bank: The bank has secured approval from the RBI for the reappointment of V. Vaidyanathan as Managing Director and Chief Executive Officer. (Positive) 

    EMS: Company gets order worth Rs 6.81 billion (Positive) 

    Cosmic CRF: Company unit gets order worth Rs 1.27 billion (Positive) 

    MSTC: Company unit ferro scrap nigam to be sold to listed Japanese cos konoike transport co. Ltd for Rs 320 crore (Positive) 

    CESC: Company announces the incorporation of three wholly-owned subsidiary to focus on the renewable power sector. (Positive) 

    Whirlpool: Board approves acquisition of further 9.56% in arm Elica PB for Rs 167 crore post acquisition. (Positive) 

    Sandur Manganese: Company received consent from the Karnataka State Pollution Control Board to increase Manganese Ore production from 0.43 MTPA to 0.55 MTPA. (Positive) 

    Thomas Cook: Company opened a new franchise outlet in Chromepet, Chennai, expanding its network to 9 locations in the city and 15 across Tamil Nadu (Positive) 

    Indian Overseas Bank: Public sector bank said it has received an order from the Income Tax Department under Section 250 of the Income Tax Act, 1961, confirming a refund of ₹123.87 crore (Positive) 

    Axis Bank: SEBI bars Axis Capital from merchant banking in debt segment (Neutral) 

    Jyothy Labs: Company signed purchase agreement with smartwash solutions for acquiring its brand QUICLO, entity being acquired is in laundry service sector (Neutral) 

    Pix Transmissions: Company announced the completion of Independent Director Mr. Nigel Savio Lobo’s second and final term of 5 years, effective September 19, 2024 (Neutral) 

    Tata Communications: Company has issued and allotted Commercial Paper aggregating to an amount of Rs 250 crores (Neutral) 

    D&H India: Company announced the resignation of Independent Director, Balraj Kishor Namdeo, and effective September 19, 2024. (Neutral) 

    Shriram Finance: Company in its meeting held on 19th Sep 2024, approved and allotted subordinated, unsecured, rated, listed, redeemable, taxable ncd’s, issue size of Rs 150 cr (Neutral) 

    Shraddha Prime: Company announces the launch of its new redevelopment project, SHRADDHA PRATHAM, in Borivali East, Mumbai. (Neutral) 

    Kirloskar Brothers: Company along with Kolhapur steel entered into shareholders agreement for acquisition of 26% of share capital of sunsure solarpark nineteen, deal for Rs 50 Million. (Neutral) 

    Balkrishna Industries: Company has completed the CAPEX for 30,000 MTPA of high value of advanced carbon material and commissioned the plant (Neutral) 

    GE T&D India: Company to exercise the oversubscription option in offer for sale, offer size will be up to 40 million shares of equity shares (Neutral) 

    NTPC: Board has granted investment approval for two major thermal power projects with a combined investment of ₹20,921.85 crore (Neutral) 

    Tata Power: Company discloses litigation with Adaro International in arbitration over coal supply agreement (Neutral) 

    Unitech Limited: Company acquires additional equity in wholly-owned subsidiary Unitech Holdings for Rs 15 Crore (Neutral) 

    Suven Pharmaceuticals: Company announced the resignation of Vaidheesh Annaswamy as Executive Chairman and Director, effective September 19, 2024. (Negative)

  • September 20, 2024 07:40

    Stock market live today: Securities in F&O Ban For Trade Date 20-September-2024

    * AARTIIND

    * BIOCON

    * BSOFT

    * CHAMBALFERT

    * GNFC

    * GRANULES

    * LICHSG

    * NALCO

    * OFSS

    * PNB

    * RBLBANK

    * SAIL

  • September 20, 2024 07:39

    Financial market updates: PBOC interest rate 5 year 

    ACTUAL 3.85% (FORECAST 3.85%, PREVIOUS 3.85%)

  • September 20, 2024 07:39

    Stock market live today: Economic Calendar – 20.09.2024

    06.30 CHINA 5-y Loan Prime Rate (Expected: 3.85% versus Previous: 3.85%)

    TENT JAPAN BOJ Monetary Policy (Expected: 0.25% versus Previous: 0.25%)

    TENT JAPAN BOJ Press Conference

    11.30 U.K. Retail Sales m/m (Expected: 0.3% versus Previous: 0.5%)

    20.30 EURO ECB President Lagarde Speaks

    23.30 U.S. FOMC Member Harker Speaks

    23/09/2024 Japan @ Market Holiday

  • September 20, 2024 07:38

    Stock market live today: Global market insights 

    -It was a record breaking day for global equity markets, most of the US indices closed at new highs

    -S&P500 closed at an all-time high

    -Dow +522, 

    S&P500 +96, 

    Nasdaq +441, 

    Russell2K +46

    -Big Tech shares led the market higher, with Apple, Nvidia and Meta all up 4%

    -Nasdaq still 3.5% below July highs

    -World stocks index Euronext gained 1.66%, to 840

    -Gold marked a record close at $2584 (spot) while December future ar $2600

    -Brent crude ol rises to $75 after Fed cuts rates & Israel-Hezbollah tensions escalate

    -Dr Copper also finished at highest level since mid-July at $4.36

    -US 10Y bond yield hit its highest level in about two weeks at 3.768%

    -Bank of England holds rates, Norway central bank holds rates at 4.5%

  • September 20, 2024 07:37

    Stock market live today: Infosys to invest up to Rs 17 cr in spacetech startup Galaxeye

    Infosys: Co agreed to invest in spacetch staup, Galaxeye up to 170m rupees || Industry of the investee entity belongs to spacetch and deeptech

  • September 20, 2024 07:36

    Stock market live today: Japanese company Konoike Transpo to acquire MSTC’s Ferro Scrap Nigam for Rs 320 crore

    MSTC’s unit Ferro Scrap Nigam to be sold to listed Japanese cos Konoike Transpo Co. Ltd for Rs 320 crore || Govt panel approves the strategic divestment two and half years after inviting preliminary bids – CNBC TV18

  • September 20, 2024 07:32

    Stock market updates: Fund Flow Activity: 19 September 2024 

    (Rs. In Crs.)

    Turnover: (NSE + BSE)

    Cash Volume: 133899.52 + 10791.91 Total: 144691.43

    F&O Volume: 1019411.31 + 2055909.4 Total: 3075320.71

    Provisional Cash

    FII/FPI: NET SELL: -2547.53 

    (17,852.32 – 20,399.85) 

    DII: NET BUY: +2012.86 

    (16,234.69 – 14,221.83)

  • September 20, 2024 07:30

    Stock market live today: Stocks that will see action today: September 20, 2024

    Buzzing stocks: NTPC, Reliance Infra, Religare, Prestige Estate, Phoenix Mills, IIFL Finance, Tata Power, Geojit Financial, IOB, Infosys, Sandur Manganese

  • September 20, 2024 07:20

    Stock market live today: Rinfra to raise ₹3,000 crore through preferential issue

    This will be done by preferential issue of up to 12.56 crore equity shares and /or warrants convertible into equivalent number of equity shares of the company for cash, at a price of ₹240 per share/warrant

  • September 20, 2024 07:02

    Stock market live today: Dow Jones surge to a new high, closes above 42,000 for the first time

    The Dow Jones Industrial Average (42,025.19) surged to a new high of 42,160.91 on Thursday. The index has closed the day at 42,025.19, up 1.26 per cent.

  • September 20, 2024 06:54

    Commodities market updates: Gold hovers near record high as traders navigate Fed’s giant rate cut

    Gold prices steadied near record highs on Friday and were poised for a weekly gain, as markets adjusted to the U.S. Federal Reserve’s recent super-sized interest rate reduction and signs that further cuts were on the horizon.

    Spot gold held its ground at $2,586.98 per ounce, and has climbed about 0.4% for the week so far. – Reuters

  • September 20, 2024 06:50

    Stock market live today: Big Fed move fails to ignite India’s equities, bonds but rupee, gold rise

    Indian capital and equity markets were largely unaffected on Thursday following a half-point rate cut by the US Federal Reserve, the first in over four years. Equities, gold and bond prices rose only marginally as investors had already priced in the rate cut. This is in contrast to the global financial markets which saw stocks and gold hitting new highs.

    MSCI’s 47-country world stocks index closed to a record high while Europe’s main bourses were all more than 1 per cent stronger. In Asia overnight, the bulls drove Japan’s Nikkei up 2.1 per cent and stock markets in Australia and Indonesia to record highs.

  • September 20, 2024 06:49

    WATCH: Today’s Stock Recommendation: September 20, 2024

    Here’s an interesting stock idea: The stock that we have today is CCL Products. It has bounced off a support this week and looks to rally further. Supporting this, the broader trend is positive, and the price action is bullish.

  • September 20, 2024 06:46

    Stock market live updates: Trading Guide For September 20, 2024: Intraday supports, resistances for Nifty50 stocks

    Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

  • September 20, 2024 06:45

    Stock market live today: Stock to buy today: CCL Products (India) (₹757)

    The stock of CCL Products (India) saw a price decline over the past couple of weeks. After touching a record high of ₹854 in early September, the scrip started to drop. However, the overall uptrend remains valid, and the stock has appreciated so far this week. The chart shows that it has rebounded from support and that further gains are likely from here. We anticipate the stock to rise to ₹830 in the short term.

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multipurpose site for ROV ,drone services,mineral ores,ingots,agro commodities-oils,pulses,fatty acid distillate,rice,tomato concentrate,animal waste -gallstones,maggot feed ,general purpose niche -consumer goods,consumer electronics and all .Compedium of news around the world,businesses,ecommerce ,mineral,machines promotion and affiliation and just name it ...
multipurpose site for ROV ,drone services,mineral ores,ingots,agro commodities-oils,pulses,fatty acid distillate,rice,tomato concentrate,animal waste -gallstones,maggot feed ,general purpose niche -consumer goods,consumer electronics and all .Compedium of news around the world,businesses,ecommerce ,mineral,machines promotion and affiliation and just name it ...

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