Market Close Highlights, Oct 23: Sensex sheds 139 pts, Nifty settles below 24,450; IT shares shine

Stock Market Highlights: 22 out of 30 constituents of BSE Sensex ended in red, dragged by M&M, Sun Pharma, L&T, and Adani Ports, with losses extending up to 3.04 per cent

2:23 PM

Stock Market LIVE Updates: Can Fin Homes zooms 8% after stellar Q2FY25 results, Jefferies says 'Buy'

Stock Market LIVE Updates: Shares of Can Fin Homes, the housing finance subsidiary of Canara Bank soared 7.8 per cent at Rs 898 per share on the BSE in Wednesday’s intraday deals. This came after the company posted strong quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). 

Global brokerage firm Jefferies said that the company’s results were largely in line with its estimates but beat on the net interest income front, however, it was offset by tad higher opex. READ MORE

 

2:11 PM

Stock Market LIVE Updates: Bajaj Finserv Q2FY25 results: Consolidated net profit up 8% at Rs 2,087 cr

Stock Market LIVE Updates: Bajaj Finserv Ltd (BFS) reported an eight per cent year-on-year (Y-o-Y) increase in its consolidated net profit to Rs 2,087 crore for the second quarter of the financial year 2024-25 (Q2FY25), compared to Rs 1,929 crore in Q2FY24.

 

BFS, a BSE-listed entity, is the holding company for the Bajaj group’s financial services and insurance businesses. READ MORE

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty continue in green amid volatility

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading at higher levels on Wednesday.

At 2 PM, the BSE Sensex was up 154.83 points, or 0.19 per cent, at 80,374.83, while the Nifty 50 was at 24,527.25, up 55.15 points, or 0.23 per cent.

 

1:59 PM

Stock Market LIVE Updates: Gulshan Polyols soars 18% on getting ethanol supply order worth Rs 994 cr

Stock Market LIVE Updates: Gulshan Polyols shares zoomed 18.4 per cent in trade and clocked an intraday high of Rs 234.3 per share on the BSE. The buying in the stock sparked after the company was allocated approval to supply ethanol worth over Rs 993.94 crore to various oil marketing companies (OMCs).

OMCs, inluding BPCL, IOCL and HPCL, are organisations involved in the refining, distribution and marketing of petroleum products. READ MORE

 

1:54 PM

Stock Market LIVE Updates: Why Max Financial shares soared 10%, scaled lifetime high on Oct 23?

Stock Market LIVE Updates: Max Financial Services shares scaled to their all time high level at Rs 1,283.20 a piece on Wednesday, soaring 9.64 per cent on the BSE. This after the company delivered stellar quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). 

 

The non-banking financial services (NBFC) company reported consolidated revenue of Rs Rs 25,178 crore, a 30 per cent increase compared to the previous year. The company’s net profit came in at Rs 139 crore in Q2FY25, down from Rs 170 crore recorded in the same quarter last year, translating to a fall of Rs 18 per cent year-on-year. READ MORE

 

1:44 PM

Stock Market LIVE Updates: Bajaj Finserv reports 8% YoY growth in Q2 net profit at Rs 2,087 crore

Stock Market LIVE Updates: Bajaj Finserv today reported consolidated total income at Rs 33,703.74 crore in Q2FY25, up 29.5 per cent from Rs 26,022.66 crore in the year ago quarter

Profit before tax for the company came in at Rs 5,965.97 crore, up 12.7 per cent year-on-year (YoY) from Rs 5,292.17 crore.

Profit for the period was Rs 2,086.97 crore, higher by 8.19 per cent YoY from Rs 1,928.96 crore earlier.

 

1:31 PM

Stock Market LIVE Updates: ALERT: Here's why 24,400 is an important support for Nifty bulls

Stock Market LIVE Updates: The NSE Nifty 50 index hit an intra-day low of 24,378 in intra-day deals on Wednesday amid the on-going weakness in the market. The Nifty 50 has plunged over 7 per cent from its peak of 26,277 registered on September 27, 2024. READ MORE

 

1:14 PM

Stock Market LIVE Updates: Why SRF stock climbed 6% even after posting 33% drop in Q2 profit; Details

Stock Market LIVE Updates: SRF shares gained 6.2 per cent on Wednesday and clocked an intraday high of Rs 2,311.90 per share on the BSE. The shares gained after the company informed that its board of directors has approved a project for setting up a manufacturing facility for Biaxially Oriented Polypropylene (BOPP)–Biaxially Oriented Polyethylene (BOPE) film (including metalliser) at Indore.

Simultaneously, strong commentary by the company's management post Q2 results also boosted confidence. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain lead

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading at higher levels on Wednesday.

At 1 PM, the BSE Sensex was up 278.39 points, or 0.35 per cent, at 80,499.11, while the Nifty 50 was at 24,564.75, up 92.65 points, or 0.38 per cent.

 

12:55 PM

Stock Market LIVE Updates: HPCL, Siemens, Petronet among 5 stocks with up to 22% downside risk

Stock Market LIVE Updates: The NSE Nifty 50 index has plunged nearly 7 per cent from its all-time high of 26,277 hit on September 27, 2024. In the process, the Nifty 50 index has broken below its key short-term moving averages and seems to be trading on a weaker note.

 

Similarly, the broader indices - the Nifty MidCap and SmallCap too have declined more than 6 per cent from their respective highs. Going ahead, the trend is likely to remain volatile amid the Q2 earnings season and uncertainty ahead of the US elections later this year. READ MORE

 

12:46 PM

Stock Market LIVE Updates: Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Stock Market LIVE Updates: Shares of information technology (IT) companies, mainly MidCap- Persistent Systems and Coforge - are in focus, as they rallied up to 12 per cent on the National Stock Exchange (NSE) in Wednesday’s intra-day trade after reporting a strong earnings for the July-September quarter (Q2) of financial 2024-25 (FY25).

 

Nifty IT index, the top gainer among sectoral indices, has rallied 2.8 per cent in intra-day trade. At 11:28 AM, Nifty IT index was up 2.5 per cent, as compared to 0.41 per cent rise in the Nifty50. READ MORE

 

12:33 PM

Stock Market LIVE Updates: Why has Amber Enterprises hit 20% upper circuit in trade today? Details

Stock Market LIVE Updates: Amber Enterprises shares hit a 20 per cent upper circuit in trade today and also hit an all time high of Rs 6,815.85 per share on the BSE. The buying in the stock came after the company's board approved a scheme of amalgamation between AmberPR Technoplast India and Amber Enterprises, apart from reporting robust number in its Q2FY25 results.

 

At around 11:27 AM, Amber Enterprises shares were up 15.12 per cent at Rs 6,538.6 per share. In comparison, the BSE Sensex was up 0.38 per cent at 80,524.52, around the same time. The market capitalisation of the company around the same time stood at Rs 22,075.95 crore. READ MORE

 

12:21 PM

Stock Market LIVE Updates: Why 'Muhurat Trading' is a must and what does tradition hold for investors?

Stock Market LIVE Updates: The festive season of Diwali is here, eagerly awaited by investors and traders alike, as it is often viewed as an auspicious time for financial activities. Investors are also hyped for the Muhurat Trading session that falls on November 1, 2024. In the lead-up to Diwali, brokerage houses traditionally provide stock recommendations for the upcoming Samvat year. Investors use these to trade their favourite stocks and hoping for a favourable outcome.

 

Muhurat Trading is an auspicious and culturally significant session held yearly on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India, on the festival of Diwali. READ MORE

 

12:12 PM

Stock Market LIVE Updates: Paytm shares fly 11% as NPCI allows co to onboard new UPI customers

Stock Market LIVE Updates: Shares of payment aggregator Paytm, which is owned and operated by One 97 Communications, rallied as much as 11.01 per cent to hit an intraday high of Rs 763 per share on Wednesday, October 23, 2024.

 

The surge in Paytm share price came after the company announced that National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users, with adherence to all NPCI procedural guidelines and circulars. READ MORE

 

12:04 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty maintain lead

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading at higher levels amid volatility in the markets.

At 12 PM, the BSE Sensex was up 378.23 points, or 0.47 per cent, at 80,59.95, while the Nifty 50 was at 24,586.85, up 114.75 points, or 0.47 per cent.