Stock Market Highlights, Sept 12: Benchmarks log record close; Sensex adds 1439pts, Nifty near 25400
3:41 PM
Stock Market Closing Bell LIVE Updates: MidCap index ends over 1% higher today
>> BSE MidCap index gains 1.3%, while the BSE SmallCap index rises 0.8%
3:40 PM
Stock Market Closing Bell LIVE Updates: Broad-based rally sweeps market
>> Metal Index ends nearly 3 per cent higher, Auto index 2.14 per cent
>> Realty, PSU Banks, Financials, IT other top sectoral gainers
3:38 PM
Stock Market Closing Bell LIVE Updates: Only 1 stock ends lower on Sensex
>> Only Nestle India shares slipped on Sensex today
>> Bharti Airtel, NTPC, JSW Steel, M&M, Adani Ports, Tech M, and L&T end as top Sensex gainers today, Sept 12
3:34 PM
Stock Market Closing Bell LIVE Updates: Sensex surges over 1,400 pts, ends at record closing high
>> BSE Sensex ended at 82,962.71, up 1439.55 points or 1.77%
>> Index hit a record high of 83,116.19 intraday
3:28 PM
Why Sensex soared 1,600 pts, hit 83k today, Nifty scaled new high of 25,400
Bharti Airtel was leading from the front, rising nearly 4 per cent on the NSE and the BSE. Hindalco, NTPC, Shriram Finance, Hero MotoCorp, ONGC, Wipro, Adani Ports, M&M, JSW Steel, Grasim, Bajaj Auto, Tata Steel, and Apollo Hospitals were some of the other gainers, advancing between 2 per cent and 3.7 per cent.
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3:20 PM
HDFC Bank stock ready for a breakout after 2 months; can rally another 7%
Chart shows, that the key momentum oscillators like the RSI (Relative Strength Index), MACD (Moving Average Convergence-Divergence) and Slow Stochastic are all placed favourably across time-frames. Thus, indicating a higher possibility of the stock breaking barriers on the upside.
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3:05 PM
Granules tanks 16% on concerns over 6 observations issued by US FDA
Till 02:08 PM, more than 31 million equity shares, representing 12.89 per cent equity share of the pharmaceutical company, had changed hands on the NSE. The stock was trading 15 per cent lower at Rs 573.10 at last check, compared to the 1.2 per cent rise in the Nifty 50.
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2:48 PM
Stock Market LIVE Updates: Sebi considers new stricter rules to curb risks as tiny IPOs boom
Stock Market LIVE Updates: India’s securities regulator is considering tighter oversight on micro-cap firms going public, including monitoring the use of their funds and imposing stricter due diligence guidelines for merchant bankers, according to a person involved in the discussions.
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2:40 PM
Stock Market LIVE Updates: Rupee in focus
Stock Market LIVE Updates: USDINR CMP- 83.9825 (spot) Indian Rupee traded range bound with a slight positive bias today on positive domestic and Asian markets. However, a positive US Dollar and surge in crude oil prices capped sharp gains.
Dollar gained as CPI rose in August (M-o-M), which trimmed expectations of a 50 bps rate cut at the FOMC meeting next week. Core CPI increased 0.3 per cent in August (M-o-M) versus forecast of 0.2 per cent. However, annual inflation cooled off to 2.5 per cent (Y-o-Y) in August versus 2.9 per cent in July and in line with the forecast of 2.5 per cent.
We expect the Rupee to trade with a slight negative bias on positive US Dollar and a recovery in crude oil prices. However, a rise in risk appetite in global markets may support the Rupee.
Any intervention by the RBI may support the Rupee at lower levels. Traders may take cues from India’s CPI data and ECB monetary policy. Investors may remain cautious ahead of the US FOMC meeting next week. USDINR spot price is expected to trade in a range of Rs 83.80 to Rs 84.20.
Views By: Anuj Choudhary, research analyst, Sharekhan by BNP Paribas
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2:37 PM
Stock Market LIVE Updates: Tata Motors, MG offer free charging, battery rentals to lure EV buyers
Stock Market LIVE Updates: India’s top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars.
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2:30 PM
Stock Market LIVE Updates: Bharti Airtel stock hits 52-week high after expanding Wi-Fi services to J&K
Stock Market LIVE Updates: Shares of Bharti Airtel, one of the leading telecommunications company of India rose as much as 2.02 per cent to record its 52-week high on NSE at Rs 1,577.80 per share on Thursday’s intraday trade. Bharti Airtel share price today moved up after the company announced that it has expanded its home Wi‐Fi service across all the 22 districts of the Union Territories of Jammu and Kashmir and Leh-Ladakh.
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2:23 PM
Stock Market LIVE Updates: C.E. Infosystems partners with Zoomcar; share price rises 3%
Stock Market LIVE Updates: C.E. Info Systems share price today added 3.2 per cent on BSE and touched an intraday high of Rs 2124.95 per share. The up move in the stock came after the company announced its partnership with Zoomcar.
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2:14 PM
Stock Market LIVE Updates: Domestic steel consumption likely to see 9-10% growth in FY25, says ICRA
Stock Market LIVE Updates: Domestic steel consumption is likely to witness 9-10 per cent growth this financial year, rating agency ICRA said on Thursday. The demand for steel was robust in the first quarter of the ongoing financial year with consumption growing at a rate of 15 per cent on a year-on-year basis amidst competitively priced imports.
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2:10 PM
Stock Market LIVE Updates: EU GMP Certification sends this small-cap pharma stock flying over 14%
Stock Market LIVE Updates: Shares of pharmaceutical company, Medicamen Biotech, climbed as much as 14.29 per cent to Rs 507 on the BSE during intra-day deals on Thursday. The uptick in the stock price followed the news that the company’s General Tablets and Liquid Orals Formulation facility, located in Bhiwadi, received the EU GMP certification from the Inspection Department, Division of Production & Distribution Control, National Organisation for Medicines, Greece.
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