Stock Market Highlights, Aug 20: Sensex rises 378 pts, Nifty nears 24,700; all but FMCG rise

Stock Market Highlights on August 20: Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent

2:12 PM

Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%

Shares of state-owned shipbuilding companies were under pressure falling by up to 9 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes in an otherwise strong market on valuation concerns.

Mazagon Dock Shipbuilders (MDSL) (down 9 per cent at Rs 4,278.80), Garden Reach Shipbuilders & Engineers (GRSE) (down 9 per cent at Rs 1,751.60) and Cochin Shipyard (down 5 per cent at Rs 2,039.50) fell in the range of 5 per cent to 9 per cent in intra-day trade. These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July. In comparison, the BSE Sensex was up 0.5 per cent at 80,862 at 12:26 PM. Read more

1:55 PM

Market check:: Nifty above 24,700

1:53 PM

Alert: Hindustan Zinc Approves Rs 8,028 crore dividend and second interim dividend of Rs 19 per share

1:27 PM

Allcargo Logistics shares shoot up to 12% on July's business data; details

Shares of Allcargo Logistics soared up to 11.59 per cent at Rs 68.65 per share on the BSE in Tuesday’s intraday trade. This came after the company on Monday released its monthly business figures. 

In July 2024,the company’s LCL (Less than Container Load) volume reached 818,000 cubic metres, matching its highest-ever monthly volume recorded in August 2022. This represents a 6 per cent increase from the previous month and a 5 per cent rise compared to July 2023. Read more

1:20 PM

Sapphire Foods stock rises over 4% on fixing record date for stock split

Sapphire Foods stock surges:Shares of KFC operator, Sapphire Foods, rallied as much as 4.39 per cent to hit an intraday high of Rs 1,628.25 per share on Tuesday, August 20, 2024. The surge in Sapphire Foods share price came after the company announced that it has fixed September 5 as the ‘Record Date’ for stock-split. Read more

1:02 PM

Interarch Building Products IPO Day 2: See subscription details, GMP & more

Interarch Building Products IPO subscription status: The initial public offering (IPO) of Interarch Building Products continues to receive strong demand from investors on the second day of subscription. Interarch Building Products IPO, which opened for public subscription on Monday, was fully subscribed on the first day. Read more

12:44 PM

Filing: Mangalam Drugs and Organics Expands Anti-Malaria Portfolio

Mangalam Drugs and Organics is broadening its anti-malaria portfolio by introducing Pyronaridine, which has recently been granted prestigious pre-qualification from the World Health Organization (WHO) in Geneva.

12:30 PM

SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts. Read more

12:13 PM

Alert: Axicades Technologies partners with UK's Highview Power for 50 MW LAES facility

11:57 AM

Here's why Hi-Tech Pipes shares hit 52-week high on August 20; details here

Shares of Hi-Tech Pipes were buzzing in trade on Tuesday, August 20, 2024. The share jumped as much as 5.35 per cent to hit a fresh 52-week high of Rs 192.75 per share. READ MORE

 

11:41 AM

This smallcap software products firm share rose 20% on Aug 20; here's why

Shares of Nucleus Software Exports were locked in a 20 per cent upper circuit at Rs 1,411.55 per share on the BSE in Tuesday’s intraday deals. This came after the company on Monday announced that its board of directors will meet on August 22 to consider a share buyback, which would be the company's third buyback following those in 2017 and 2021. READ MORE

11:26 AM

Hazoor Multi Projects share price up 5% on winning Rs 274 crore project bid

Shares of Hazoor Multi Projects jumped as much as 4.99 per cent to hit an intraday high of Rs 402.50 per share on Tuesday, August 20, 2024. READ MORE

 

11:21 AM

F&O Cues: Nifty needs to hold above 24,650; check bullish, bearish stocks

The Nifty futures rose by 0.1 per cent on Monday to 24,596. The August-month futures premium compared to the spot Nifty shrinked from Rs 44.50 to Rs 22.8 amid lower trading activity. Mere 1.52 lakh contracts were traded yesterday as against 3.8 lakh contracts traded in Friday's trading session. The open interest (OI) declined by nearly 3 per cent, suggesting possible exits of shorts from the system. READ MORE

10:58 AM

Crude oil prices hit 2-week lows; how to trade, key levels to watch today?

Oil prices tumbled to two-week lows on Tuesday morning in Asian trade with WTI future trading down 0.4 per cent at $73.50, following 3 per cent fall of Monday. Besides, oil prices have fallen 4.5 per cent in August so far as concerns about energy demand in China, the world's second-largest crude consumer, is bearish for oil prices. READ MORE

10:53 AM

Zomato share price falls as 2% equity changes hands via block deals on BSE

Shares of Zomato were down 2 per cent at Rs 257.10 on the BSE in Tuesday’s intra-day trade after 2 per cent equity of food aggregator changed hands via block deals. In the past two trading days, the stock declined 8 per cent from its record high level of Rs 280 touched on Monday, August 19. READ MORE