Stock Market LIVE: Sensex flat, Nifty around 24,550; CDSL at all-time high

Posted by Admin August 19, 2024 Bussiness

10:45 AM

ABB, Exide, Pidilite among 5 stocks testing 100-DMA support; charts here

The Indian stock market is in pullback mode; with the BSE Sensex and the NSE Nifty rising as much as 3 per cent or 3.1 per cent from their recent lows.

On Monday, at 09:50 AM, the Sensex had gained 0.2 per cent or 130 points at 80,565; while its NSE counterpart the Nifty 50 index advanced 0.3 per cent or 63 points to 24,605.

Technically, the Nifty 50 index seems to have bounced back after seeking support around its 50-DMA (Daily Moving Average). Moving averages play an important role in understanding the stock price trend. In general stocks trading above key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading on a bullish note and vice versa. Read more

10:44 AM

Caplin Point share price hits record high after ANVISA clears Chennai plant

Caplin Point stock rallies: Shares of Caplin Point rallied as much as 9.55 per cent to hit a fresh all time high of Rs 1,737.20 per share on Monday, August 19, 2024.

The surge in the share price came after the pharmaceutical company said that it received Zero observations for Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi post inspection by ANVISA- Brazil. Read more

10:15 AM

Zomato up 6%, hits new high on improved results; zooms 91% from June lows

Shares of food aggregator Zomato hit a new high of Rs 280, as they rallied 6 per cent on the BSE in Monday’s intra-day trade after analysts said that consistent delivery on growth and strong execution on profitability across Food Delivery and Quick Commerce (QC) would support elevated valuations.

The stock has surpassed its previous high of Rs 278.45 touched on August 2, 2024. It has bounced back 91 per cent from its June month low of Rs 146.85 on the BSE. Read more

10:00 AM

Interarch Building Products IPO opens today: GMP jumps 36%, should you Bid?

Interarch Building Products IPO: The three-day subscription window to bid for the initial public offering (IPO) of turnkey pre-engineered steel construction solution provider, Interarch Building Products, opens for public subscription today. Meanwhile, unlisted shares of Interarch Building Products are trading at a premium of around Rs 325 or 36 per cent above the upper end of the issue price, indicating positive demand for the public issue among investors. Read more