The domestic market plunged into red terrain in the latter half, amidst mixed global sentiments. Recent IIP data indicates a lacklustre growth in the major manufacturing sector. Persistent selling by FIIs and elevated valuations is further contributing to the decline. Despite having minimal impact on the recent adverse developments, the market currently shifts attention towards underlying earnings growth, which remains bleak this quarter and may lead to a downgrade if resilience isn’t shown in subsequent quarters. All sectors, especially banking, metals, telecom, and fertilizers were in red, while HDFC Bank declined due to lower-than-expected passive fund inflows in the recent MSCI index rejig.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:49 PM

Rupee Update :: Rupee ends flat vs US dollar

3:45 PM

Broader market check :: Mid, SmallCap indices fall around 1% each

3:40 PM

Sectoral trends :: All but IT settle lower

3:37 PM

Sensex Heatmap :: 24 of 30 index stocks slide; HDFC Bank, Tata Steel worst hit

3:35 PM

Stock Market Closing Bell :: Nifty ends below 24,150

3:34 PM

Stock Market Closing Bell :: Sensex tanks nearly 700 pts

3:24 PM

Oil India stock surges 21% in one week as brokerages remain upbeat

Shares of Oil India (OIL) hit a new high at Rs 691.60, gaining nearly 4 per cent on the BSE in Tuesday’s intra-day trade; thus extending its past two-day rally after brokerages maintained a ‘Buy’ rating on the stock with a target price by up to Rs 780. In comparison, the BSE Sensex was down 0.81 per cent at 79,006 at 02:41 pm. READ MORE

3:15 PM

Upcoming IPO Alert: Inventurus Knowledge Solutions files DRHP with Sebi

Technology-enabled healthcare solutions provider, Inventurus Knowledge Solutions, has filed its Draft Red Herring Prospectus (DRHP) with market regulator, the Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). With the IPO, Inventurus Knowledge Solutions is offering an offer for sale of up to 28,184,060 equity shares of face value of Re 1 each. READ MORE

3:05 PM

Ethanol price hike buzz triggers rally in sugar stocks; soar up to 9%

A committee headed by a joint secretary from the petroleum ministry has already held one round of discussions on the proposal. The revision of ethanol prices will be based on the fair and remunerative price of sugarcane, PTI report said. READ MORE

2:57 PM

Patel Engineering stock tanks 5% as topline, Ebitda fall in Q1FY25

Patel Engineering reported its Q1FY25 results with a 25.8 per cent increase in net profit, rising to Rs 48.2 crore compared to Rs 38.3 crore in the same period last year. However, revenue decreased by 1.5 per cent year-on-year, totaling Rs 1,101.7 crore, down from Rs 1,118.6 crore. READ MORE

2:48 PM

ALERT:: Hindalco Q1 net rises 25%; stock down 0.6%

Hindalco in an exchange filing today reported 25 per cent YoY growth in consolidated net profit at Rs 3,074 crore; Revenue from operations, however, declined 5.3 per cent YoY to Rs 52,991 crore.

2:40 PM

Happiest Minds Technologies shares fall on Q1FY25 results, down 16% YTD

During Q1FY25, the company's net profit dropped 12.5 per cent Year-on-Year (Y-O-Y) to Rs 51.03 crore, compared to Rs 58.33 crore reported in the corresponding quarter of the previous fiscal year, according to the company's regulatory filings. READ MORE

2:31 PM

MSCI lifts freeze on Adani stocks, revises stance amid Hindenburg fallout

MSCI, which had earlier excluded Adani Energy and Adani Enterprises from the global standard index, stated it would now review the companies' fundraising activities. READ MORE

2:25 PM

Indian Railways cancels Rs 30,000 cr tender for 100 Vande Bharat trains

The cancellation comes after the railways found the price quoted by the lowest bidder, Alstom India, to be ‘too high’. According to the report, the French multinational company had quoted a price of Rs 150.9 crore per train. However, the railways wanted to seal the deal at Rs 140 crore per train. READ MORE

Stock Market Highlights updates today, Tuesday, August 13, 2024: Equity benchmark indices, BSE Sensex and NSE Nifty50, ended in negative territory on Tuesday. Sensex fell 692.89 points or 0.87 per cent to 78,956.03, while Nifty50 dropped 208.03 points or 0.85 per cent to 24,139.

Tuesday ended in favor of bears as 38 out of 50 constituents of the Nifty50 index ended lower, dragged by heavyweights like HDFC Bank and BPCL. Shriram Finance, HDFC Life Insurance Company, and ONGC were the other drags, each falling over 2.78 per cent.

In the BSE space, 24 out of 30 constituents of the Sensex ended in the red, with HDFC Bank, Tata Steel, and Bajaj Finance leading the declines of up to 3.29 per cent.

Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent.

Among the sectors, Banking, Financial Services, Metal, OMC, and Realty were the top laggards with falls of up to 1.87 per cent. Meanwhile, Healthcare, IT, and consumer durables managed to end in the green.

Connect with us on WhatsApp

Topics :MARKET WRAP Market news Indian stock markets S&P BSE Sensex MARKET LIVE Nifty50 stock market trading stock market rally stock market investing Markets Sensex Nifty MARKETS TODAY Q1 results MSCI MSCI indices

First Published: Aug 13 2024 | 7:57 AM IST

Stock Market Highlights, Aug 13: Sensex sheds 693 pts, Nifty below 24,150; HDFC Bank, SBI, TaMo drag

Stock Market Highlights on August 13, 2024: Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent

Key Events

Comment :: Why did markets fall today?