Stock Market Crash Highlights: Sensex tanks 821pts, Nifty ends below 23,900; Auto, bank shares dip

Stock Market Today: 46 out of the Nifty 50 stocks ended in the red, with Britannia, BEL, NTPC, Asian Paints, and HDFC Bank as the major losers on Tuesday

8:51 AM

Stock Market LIVE Updates: 'Fundamentally strong fairly valued stocks will outperform'

Stock Market LIVE Updates: "Two strong factors have been at play in this consolidating market. One, the relentless selling by FIIs has been favouring the bears and pulling the market down. Two, the sustained buying by DIIs has been supporting the market preventing a crash in the market. 

How the market will trend in the coming days will depend on the relative strength of these two factors. In this context, it is important to note that the intensity of FII selling is coming down (yesterday FII selling was Rs 2,026 crores) and the inflows into mutual funds is steadily increasing which will enable DIIs to continue buying. 

Monthly flows into equity mutual funds have touched an all-time high of Rs 41,887 crores in October clocking a 22 per cent month-on-month increase. This can provide resilience to the market and fundamentally strong fairly valued stocks like the leading banking names will outperform."

Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:47 AM

Stock Market LIVE Updates: Retail inflation to touch 14-month high in Oct as food prices surge: Poll

Stock Market LIVE Updates: Consumer price inflation in India climbed to a 14-month high of 5.81 per cent in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0 per cent.

 

Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted production. READ MORE

 

8:45 AM

Stock Market LIVE Updates: Rupee hits fresh low of 84.39 against the US dollar amid FII selloff

Stock Market LIVE Updates: The rupee fell to a new low of 84.39 per dollar on Monday as the US dollar strengthened and foreign investors continued selling domestic equities, dealers said.

 

Dollar sales by government-owned banks, on behalf of the central bank, prevented a sharper depreciation of the domestic unit.

The rupee had settled at 84.38 per dollar on Friday. READ MORE

 

8:42 AM

Stock Market LIVE Updates: Inox Wind bags a repeat order from Continuum Green Energy for 87 MW

Stock Market LIVE Updates: Inox Wind today announced that it has bagged an order for 87 MW from Continuum Green Energy Private Ltd., a leading renewables C&I player. 

This repeat order from Continuum is for IWL’s 3 MW Wind Turbine Generators (WTGs) and will be executed on an end-to-end turnkey basis, the company said in an exchange filing. 

Additionally, IWL will provide post commissioning multi-year operations & maintenance (O&M) services, and the project will be executed in the states of Gujarat and Rajasthan, it added. 

 

8:40 AM

Stock Market LIVE Updates: Max Health completes acquisition of Jaypee Health

Stock Market LIVE Updates: Max Healthcare Institute today informed that it has completed the 100 per cent acquisition of Jaypee Healthcare Limited (JPL), with its recent acquisition of a 36.35 per cent stake in the company for Rs 227 crore. 

The company, in an exchange filing, said, "We wish to inform that the Company has completed the acquisition of 100% equity stake of JHL on November 11, 2024 at 5.51 pm (IST), upon acquisition of remaining 15,53,90,769 equity shares constituting to 36.35% equity stake for an aggregate consideration of ~₹227 Crore. Consequently, JHL has become a wholly-owned subsidiary of the Company."

 

8:35 AM

Stock Market LIVE Updates: Stock market traders mete out stiffer penalty to firms missing earnings

Stock Market LIVE Updates: India’s largest paint maker is the latest victim of nervous investors turning more unforgiving of stocks failing to meet their earnings expectations.

 

Asian Paints Ltd.’s disappointing second-quarter results spurred a near 10 per cent slump in the company’s shares Monday, and prompted a downgrade from Goldman Sachs Group Inc. and JPMorgan Chase & Co. The reaction highlights an emerging trend in India’s $4.6 trillion stock market, where investors are quick to aggressively punish companies whose earnings haven’t lived up to their elevated valuations. READ MORE

 

8:33 AM

Stock Market LIVE Updates: Stocks to watch, Nov 12: SBI, Britannia, Nykaa, Hindalco, ONGC, IRFC, LIC

Stock Market LIVE Updates: Copper and aluminium maker Hindalco reported a net profit of Rs 3,909 crore, up 78 per cent, from Rs 2,196 crore a year ago. The company's revenue was up 7.4 per cent for the quarter under review to Rs 58,203 crore as compared to Rs 54,169 crore a year ago. READ MORE

 

8:32 AM

Stock Market LIVE Updates: Supply chain startup Zetwerk considers raising $1 billion through IPO

Stock Market LIVE Updates: Zetwerk Pvt Ltd, an Indian supply chain startup, is considering fundraising options including an initial public offering that may help it raise as much as $1 billion, according to people familiar with the matter.

 

The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, the people said, asking not to be identified because the matter is private. READ MORE

 

8:31 AM

Stock Market LIVE Updates: 'Buy the dips' triggers record equity MF bets; SIP accounts topped 100 mn

Stock Market LIVE Updates: Monthly net inflows to equity mutual fund (MF) schemes soared 22 per cent month-on-month (M-o-M), reaching an all-time high of Rs 41,887 crore in October, even as the stock markets faced a sharp correction.

The previous record of Rs 40,608 crore was set in June this year. READ MORE

 

8:30 AM

Stock Market LIVE Updates: Ravi Nathani decodes trading strategy for Nifty IT, auto; Check key levels

Stock Market LIVE Updates: The Nifty IT Index is exhibiting a bullish trend on the charts, with upward momentum suggesting the potential for gains in the near term. Current resistance levels are positioned at 42,710, followed by 43,375 and 43,575. READ MORE

 

 

8:29 AM

Stock Market LIVE Updates: Market Today: CPI, IIP; Dow, S&P 500 record; Nykaa Q2; Sagility IPO listing

Stock Market LIVE Updates: Benchmarks Sensex and Nifty50 may open on a flat note amid mixed global signals. At 6:33 AM, GIFT Nifty Futures were down 5 points at 24,221, suggesting a subdued start for the bourses.

 

In the previous session on Monday, November 11, the BSE Sensex and NSE Nifty50 ended the trading session on a flat note following a choppy day. The BSE Sensex closed at 79,496.15, gaining a modest 0.01 per cent. Meanwhile, the Nifty50 settled at 24,141.30, down 0.03 per cent. READ MORE

 

8:22 AM

Stock Market LIVE Updates: RBI, Sebi unveil rules for converting excess investment by FPIs into FDI

Stock Market LIVE Updates: Financial regulators, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), issued new guidelines on Monday directing foreign portfolio investors (FPIs) to secure government approval and concurrence from investee companies if they acquire equity stakes that exceed prescribed limits. READ MORE

 

8:21 AM

Stock Market LIVE Updates: FY25 as weak-earnings year is gradually getting priced in: Chhaochharia

Stock Market LIVE Updates: Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says Gautam Chhaochharia, head of global markets, India, UBS. READ MORE

 

8:20 AM

Stock Market LIVE Updates: 'Buy the dips' triggers record equity MF bets; SIP accounts topped 100 mn

Stock Market LIVE Updates: Monthly net inflows to equity mutual fund (MF) schemes soared 22 per cent month-on-month (M-o-M), reaching an all-time high of Rs 41,887 crore in October, even as the stock markets faced a sharp correction. The previous record of Rs 40,608 crore was set in June this year.

 

Also in October, the MF industry's assets under management (AUM) climbed to a record Rs 67.3 trillion, despite equity assets experiencing notable mark-to-market losses. This new AUM peak was bolstered by all-time-high inflows totalling Rs 2.4 trillion, including Rs 1.6 trillion into debt funds and Rs 23,428 crore into passive funds. READ MORE

 

8:19 AM

Stock Market LIVE Updates: Oil prices decline

Stock Market LIVE Updates: Oil prices were down a little in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of markets in prior sessions.

Brent crude futures fell 14 cents to $71.69 a barrel, by 8:18 AM. US West Texas Intermediate crude futures were at $67.90 a barrel, down 14 cents, or 0.21 per cent.