Stock Market Highlights, Aug 19: Mid, SmallCap indices outrun benchmarks; auto, private banks weigh

Stock Market Highlights on Monday, August 19, 2024: The BSE Sensex ended at 80,425, down 12 points or 0.02 per cent. Similarly, the NSE Nifty50 ended at 24,573, up 31.5 points or 0.13 per cent

1:40 PM

RIL eyes JioCinema as sole OTT platform post Star-Viacom18 merger deal

Reliance Industries Ltd (RIL), which will control the merged Star-Viacom18 entity once it receives regulatory approvals, is considering to consolidate its streaming services under a single platform, JioCinema, according to a report by The Economic Times. READ MORE

1:26 PM

Small-cap stock jumps 10% to hit upper circuit on BSE today; do you own?

Shares of renewable energy developer Urja Global climbed 9.98 per cent to hit the upper circuit of Rs 22.15 during intra-day deals on Monday. The stock, however, is still nearly 47 per cent lower than its 52-week high of Rs 41.84, which it reached on May 2, 2024, on the BSE. At the same time, nearly 44.27 lakh equity shares of the company, worth Rs 9.72 crore, exchanged hands on the BSE. READ MORE

1:19 PM

Sector-check: Nifty Oil & Gas is top gainer, followed by PSU Bank and Metal

1:13 PM

Ola Electric share price rise: Madness beyond fundamentals, say analysts

The meteoric rise in Ola Electric share price has left both analysts and investors bewildered. Yet, they suggest investors hold on to the stock as it remains a pure "momentum" play. Since its listing on August 9, the stock has surged 92 per cent (till August 19) over its issue price of Rs 76, taking its market capitalisation to little over Rs 63,000 crore. The issue was subscribed 4.45x. READ MORE

1:08 PM

Benchmark check: Nifty50 tests 24,600

1:07 PM

Broader market update: Nifty SmallCap up 1.5%

1:04 PM

Heatmap check: Tata Steel, Asian Paints among top gainers

12:58 PM

Windfall tax boost: ONGC, Oil India surge up to 4% in Monday's trade

Shares of upstream oil companies Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) moved up to 4 per cent higher on the BSE in Monday’s intra-day trade after the central government reduced the windfall tax on petroleum crude to Rs 2,100 per metric tonne, down from Rs 4,600 per tonne, effective from August 17. READ MORE

 

12:44 PM

ALERT :: Strides Pharma arm receives EIR from USFDA for Chennai facility

>> Strides Alathur Private Limited, a wholly owned subsidiary of Strides Pharma Science Limited has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its formulations facility at Alathur, Chennai

>> It has successfully concluded the Good Manufacturing Practices (GMP) inspection conducted between April 1-5, 2024.

>> USFDA has determined that the inspection classification of this facility is “Voluntary Action Indicated” (VAI).

12:30 PM

Here's why Glenmark Pharma stock hit all time high on Aug 19; details here

Shares of pharmaceutical company Glenmark Pharmaceuticals rallied as much as 4.58 per cent to hit a fresh all time high of Rs 1,636.50 per share on Monday, August 19, 2024. READ MORE 

12:18 PM

Saraswati Saree Depot IPO: GMP hints listing gains; check likely price

The unlisted shares of Saraswati Saree Depot IPO, which closed for subscription on Wednesday, August 14, 2024, continue to command a strong premium in the grey market ahead of their listing, indicating solid listing gains for investors. Priced in the range of Rs 152-160 per share with a lot size of 90 shares, the public issue received great demand from investors, with the IPO being subscribed 107.39 times by the final day of subscription. READ MORE

 

12:04 PM

CESC shares rally 5% on incorporating subsidiary in renewable power sector

Shares of CESC soared up to 4.55 per cent at Rs 176.65 per share on the BSE in Monday’s intraday deals. The stock price surged after the company announced that the company has incorporated a wholly owned subsidiary named Ecovantage Energy on August 16, 2024. READ MORE

 

11:50 AM

NCC stock price up 5% after company fixes record date for dividend payout

Shares of construction company NCC Limited jumped as much as 5.36 per cent to hit an intraday high of Rs 326.25 per share on Monday, August 19, 2024. The share price rose after the company announced that it has fixed the record date for dividend payouts. The record date for determining the shareholders who are eligible for the equity dividend is August 30, 2024, NCC said. READ MORE 

11:35 AM

ACE stock soars 4% on order win from Ministry of Defence; up 64% in 1 year

ACE stock rises: Shares of Action Construction Equipment (ACE) jumped as much as 3.62 per cent to hit an intraday high of Rs 1,309.95 per share on Monday, August 19, 2024. The surge in ACE stock price came after the company announced that it has bagged an order from the Ministry of Defence (MoD). Read more

11:17 AM

Here's why DCX Systems share price locked in 5% upper circuit today

Shares of DCX Systems locked in 5 per cent upper circuit at Rs 319.75 per share on the BSE in Monday’s intraday trade. By comparison; at 11:05 AM the BSE Sensex was down by 0.11 per cent at 80,345 levels. 

DCX Systems stock price jumped after the company bagged work orders from its domestic and international clients. Read more