Stock Market Highlights, Aug 16: Sensex climbs 1,331 pts, Nifty ends near 24,550; IT, Banks shine

Stock Market Highlights today, Friday: All the sectoral indices settled with gains, led by Nifty IT, Auto, Media, and Realty indices, which ended over 2 per cent each

2:07 PM

ALERT:: NSE Nifty nears 24,500, surges over 300 pts

1:55 PM

Global rally, DII buying: Reasons why BSE Sensex jumped 1,000 pts on Aug 16

Hopes of US rate cut triggers global stock market rally: The BSE Sensex rallies past the 80,000 mark, and the NSE Nifty surges atop 24,400 led by strong gains in IT and private bank shares on Friday. READ MORE

 

1:42 PM

Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs

Uflex said the packaging films business gained substantial momentum in Q1FY25 quarter, fueled by improved contribution margin in India. READ MORE

1:29 PM

Hindustan Aeronautics share price rises 2% as profit rallies 77% in Q1

The Navratna company's stock has more than doubled investors' money, rallying 143.29 per cent in the last one year, according to BSE analytics. READ MORE

1:15 PM

This recently listed IPO has zoomed 75% against its issue price in 5 days

Ola Electric Mobility share price today was locked in the 20-per cent upper circuit of 20 per cent at Rs 133.08, also its new high, on the National Stock Exchange (NSE) on Friday. Ola Electric is, now, valued at Rs 58,664 crore ($6.99 billion), READ MORE

12:59 PM

Thar ROXX launch boosts M&M stock price by 3%; up 16% in 3 months

The surge in the stock price followed the company's announcement of the launch of Thar ROXX, its latest sports utility vehicle (SUV). READ MORE

12:46 PM

Post solid Q1, Apollo Hospitals on track for all-round growth, say analysts

Shares of Apollo Hospitals Enterprise (AHEL) rose 2.92 per cent to Rs 6,711.95 per share on the BSE in Friday's early morning trade. READ MORE

12:34 PM

Japan's SoftBank picking stock winners in India's red-hot IPO market

India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence. READ MORE

 

 

12:20 PM

Dividend, Bonus, Buyback: 11 stocks to trade ex-date next week; Check LIST

Here is a list of stocks that will trade ex-date in the coming days for several corporate actions, including dividends, bonus issues, and share buybacks. READ MORE

12:09 PM

ALERT:: Sensex reclaims 80,000-mark, rises over 900 points

11:59 AM

Fintechs asked to sign up on financial cyber fraud reporting portal

The Fintech Association of India (FACE) has asked its members to explore joining the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) – part of the National Cybercrime Reporting Portal. Besides, FACE members are also to appoint a nodal officer to attend to customer grievances and engage with law-enforcement agencies to prevent fraud. READ MORE 

11:50 AM

After over 250% rise in one year, does Suzlon stock have more upside left?

Once declared a dud stock, Suzlon has generated stellar returns for investors thus far this calendar year. Till August 14, 2024, Suzlon share price has doubled investor wealth by soaring 101 per cent on the bourses this year. By comparison, the benchmark BSE Sensex has gained just 9.5 per cent. READ MORE

11:26 AM

Aurobindo Pharma stock tanks 6% after unit gets warning letter from USFDA

Pharmaceutical company Aurobindo Pharma dropped as much as 6.39 per cent to hit an intraday low of Rs 1,422 per share on Friday, August 16, 2024.

However, at 10:47 AM, shares of Aurobindo Pharma were off day’s low but continued to trade 2.62 per cent lower at Rs 1,479.45 per share. In comparison, BSE Sensex was trading 0.52 per cent higher at 79,518.81 levels. READ MORE

11:12 AM

Technology shares in demand; Nifty IT index rises 2%, TCS nears record high

Shares of information technology (IT) companies were in demand and trading up to 5 per cent higher on the National Stock Exchange (NSE) in Friday’s intra-day trade as Nasdaq rose more than 2 per cent on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy. READ MORE

 

10:58 AM

F&O stocks in focus: Long buildup seen in Naukri, Voltas, Laurus Labs

Naukri, Voltas and Laurus Labs are the three stocks that have witnessed fresh long buildup in the futures & options segment in recent days despite the high volatility in the overall market. In general, a rise in the underlying asset accompanied with an increase in open interest (OI) for the corresponding derivative, indicates build-up of fresh long positions. READ MORE