Stock Market Close Highlights: Sensex sheds 528pts, Nifty at 23,526; IT, financials shares dip

Stock Market Today, Jan 9: Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 0.93 per cent, and 1.35 per cent, respectively

12:16 PM

Stock Market LIVE Updates: Capital Infra Trust InvIT IPO Day 3; check subscription status, GMP, more

Stock Market LIVE Updates: The IPO, which opened for subscription on Tuesday, January 7, 2025, has received a muted response from investors. Capital Infra Trust IPO garnered bids for 2,32,77,600 equity shares against the total issue size of 8,83,83,750 shares, reflecting a subscription level of just 0.26 times, as per the data Available on the National Stock Exchange (NSE). READ MORE

12:10 PM

Stock Market LIVE Updates: Ashish Kacholia portfolio stock hits record high; zooms 90% in 3 months

Stock Market LIVE Updates: Shaily is engaged in the manufacture and sale of customised components made up of plastic and other materials. Since October 25, 2024, the stock has zoomed 90 per cent after the company reported robust earnings for the quarter ended September 2024 (Q2FY25). READ MORE

12:05 PM

Stock Market LIVE Updates: Borosil Renewables locks in 5% upper circuit after capacity expansion plans

Stock Market LIVE Update: Solar glass is a critical component in the manufacturing of Photo Voltaic solar panels. The expansion plans, which had been put on hold, are now back on track, after receiving the approval from the company’s board on the basis of announcement of a “Reference Price” for imports, by the Ministry of Finance which will act against cheap and dumped imports from China and Vietnam. READ MORE

11:58 AM

Stock Market LIVE Updates: Newgen shares in focus

Stock Market LIVE Updates: Newgen Software Inc. (NSI), incorporated in the USA, the material subsidiary of Newgen Software Technologies Limited has executed an agreement with a USA based Healthcare Client for Enterprise Content Management. The aggregate value of the aforesaid agreement for the initial three years is $2,576,284.

11:54 AM

Stock Market LIVE Updates: Transrail Lighting shares zoom 7% after CRISIL upgrades long term rating

Stock Market LIVE Updates: The domestic credit rating agency, CRISIL Ratings has upgraded Transrail Lighting’s rating on the long-term bank facilities to ‘CRISIL A+/Stable’ from ‘CRISIL A/Positive’ and has reaffirmed its ‘CRISIL A1’ rating on the short-term bank facility. READ MORE

11:47 AM

Stock Market LIVE Updates: Parmeshwar Metal share lists at 38% premium, misses IPO GMP estimates

Stock Market LIVE Updates: Shares of copper wire and rod manufacturing company Parmeshwar Metal posted a decent D-Street debut on Thursday, January 9, 2025, following the completion of its initial public offering (IPO). Parmeshwar Metal shares listed at Rs 84.50 apiece on the BSE SME, reflecting a premium of Rs 23.50 or 38.52 per cent over the IPO allotment price of Rs 61. READ MORE

11:43 AM

Stock Market LIVE Updates: Smallcap stock jumps 13%, hits new high as board considers stock split

Stock Market LIVE Updates: “We would like to inform that the Meeting of Board of Directors of our Company will be held on Monday, January 13, 2025 to consider and approve the proposal of Sub-division/ Stock-Split of each existing equity share of face value of Rs. 2/- (Rupees Two only) each equity shares in such manner as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company, subject to the approval of the shareholders of the Company and regulatory/statutory approvals as may be required,” the company said in an exchange filing on Wednesday. READ MORE

11:33 AM

Stock Market LIVE Updates: Swiggy races 6% as Bernstein initiates with 'Outperform'; sees 29% upside

Stock Market LIVE Updates: According to reports, Bernstein said that Swiggy's current valuations seem reasonable, with the potential for its shares to re-rate. The brokerage projects that the food delivery segment's gross order value will grow at a rate of 21 per cent from FY25 to FY27. Bernstein also highlighted that Swiggy is one of the key beneficiaries of India's growing convenience economy and will gain from the shift towards super-fast delivery models. READ MORE

11:23 AM

Stock Market LIVE Updates: Nomura downgrades Shree Cement, ACC, Nuvoco, Dalmia Bharat; here's why

Stock Market LIVE Updates: The brokerage downgraded Shree Cement from 'Buy' to 'Neutral,' setting a target price of Rs 28,000. Similarly, ACC and Nuvoco have been downgraded from 'Neutral' to 'Reduce,' with target prices of Rs 1,920 and Rs 330, respectively. Dalmia Bharat retains its 'Reduce' rating, with a target price of Rs 1,680. READ MORE

11:15 AM

Stock Market LIVE Updates: Ashish Kacholia-owned Bengal Finance and Invt picks stake in Yuken

Stock Market LIVE Updates: Bengal Finance and Invesment's name appears in shareholding pattern.

Owned by Ashish Kacholia, Bengal Finance now has 1.5 per cent stake in Yuken, after Q3FY25.

11:05 AM

Stock Market LIVE Updates: TV Today announces closure of FM Radio Broadcasting operations

Stock Market LIVE Updates: TV Today Network Limited at the meeting held today, i.e., January 09, 2025, has inter alia approved the closure of FM Radio Broadcasting operations of the Company (comprising of three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM) subject to regulatory approvals, if any, and fulfilment of other compliances as may be required.

The Radio business is expected to be closed in nearly one to six months.

Turnover of Radio Business in FY 2023-24 was Rs 16.18 crore. This was 1.70% of total turnover of T.V. Today Network Limited for the said year.

Net worth contributed from Radio Business : Loss of Rs 19.53 crore for the FY 2023-24. 

 

10:56 AM

Stock Market LIVE Updates: Sensex falls to day's low

Stock Market LIVE Updates: BSE Sensex today was trading near the day's low level as 20 of the 30 index stocks faced selling pressure.

BSE Sensex was quoting at 77,697.46 levels, down 451.03 points 0.58 per cent around 11:00 AM.

10:41 AM

Stock Market LIVE Updates: Has RIL stock survived a major scare? Trade above Rs 1,270 holds the key

Stock Market LIVE Updates: Technically, RIL stock was seen seeking support around its 200-WMA (Weekly Moving Average) and the super trend line on the monthly scale. The 100-WMA for RIL now stands at Rs 1,200, while the monthly super trend line remains at Rs 1,198. READ MORE

10:33 AM

Stock Market LIVE Updates: Ajmera Realty shares Q3 business update

Stock Market LIVE Updates: Ajemra Realty and Infra India said on Thursday that it has achieved sales value of Rs 270 crore and collections of Rs 167 crore for the Q3 FY25, clocking a growth of 7% and 10%, respectively, as compared to Q3FY24.

The inventory of recently launched Ajmera Iris project recorded 47% sales, while Ajmera Vihara achieved 61% sales during the 9M FY25.
 

10:22 AM

Stock Market LIVE Updates: Quadrant Future Tek IPO closes today; Subscription rises 49x, GMP zooms 71%

Stock Market LIVE Updates: Retail Individual Investors (RIIs) have oversubscribed their category by 137.07 times, leading the demand among investor segments. Non-Institutional Investors (NIIs) followed, subscribing 87.18 times to their allocated portion, while Qualified Institutional Buyers (QIBs) subscribed to 0.46 times. READ MORE