Market Close Highlights, Oct 8: Benchmarks snap 5-day losing run; Sensex up 585 pts, Nifty holds 25k

Stock Market Close Highlights Today: Adani Ports, M&M, Reliance Industries, HDFC Bank, L&T, SBI, Ultratech Cement, NTPC, and Kotak Bank were the top Sensex gainers today, up between 1 and 4.5 per cent

12:02 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices, after opening on a muted note, were trading higher on Tuesday.

At 12 PM, the BSE Sensex was up 387.17 points, or 0.48 per cent, at 81,437.17, and the Nifty 50 was at 24,933..75, up 138 points, or 0.56 per cent.

 

11:55 AM

Stock Market LIVE Updates: HEG surges 6% after buying 8.23% stake in GrafTech Int'l for Rs 250 crore

Stock Market LIVE Updates: Shares of HEG rallied 6 per cent to Rs 2,335 on the BSE in Tuesday’s intraday trade after the company informed the exchanges that it has acquired a 8.23 per cent stake in GrafTech International, for a total consideration of Rs 248.6 crore. READ MORE

11:43 AM

Stock Market LIVE Updates: MTNL misses repayment of principal and interest of Rs 1,122 cr

Stock Market LIVE Updates: MTNL today informed that it has defaulted on payment of interest and repayment of principal amount to the tune of Rs 1,122.05 crore, out of a total outstanding amount of Rs 7,975.89 crore.

The company, in an exchange filing, said it has missed payment of instalment of principal of term loan to the tune of Rs 938.17 crore, apart from overdue interest of term loan and overdraft of Rs 183.88 crore.

The company added that its total indebtnes, including short- and long-term debt, stood at Rs 32,046.88 crore, which included bank loan of Rs 7,975.89 crore and SG Bond of Rs 24,070.99 crore.

11:28 AM

Stock Market LIVE Updates: Metal index corrects for 4th day in a row; NMDC, Tata Steel slip up to 8%

Stock Market LIVE Updates: Shares of metal companies were trading weaker on Tuesday, down by up to 8 per cent on the National Stock Exchange (NSE) in today's intra-day trade.

 

Stocks of companies operating in the sector were under pressure due to profit booking by investors on concerns of disappointing earnings in the September quarter (Q2FY25) due to weak metal prices, apart from the lack of any new fiscal measures aimed at boosting demand and consumption in the Chinese economy, by the National Development and Reform Commission (NDRC), at a press conference today. READ MORE

11:14 AM

Stock Market LIVE Updates: Time to downgrade Indian stock markets? Sell India, buy China? Analyst view

Stock Market LIVE Updates: Developments over the last few weeks – flaring geopolitical conflict in West Asia that has triggered 18 per cent rise in crude oil prices to around $80 a barrel in a matter of days, stimulus measures announced by China to prop up its economy and lofty valuation of Indian markets (23x one-year forward earnings) – has seen foreign portfolio investors (FPIs) dump Indian stocks worth over Rs 30,000 crore in the first four trading days of October. READ MORE

 

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty hold onto gains

Stock Market LIVE Updates: Indian benchmark equity indices, after opening on a muted note, were slightly ahead on Tuesday.

At 11 AM, the BSE Sensex was up 295.85 points, or 0.37 per cent, at 81,345.85, and the Nifty 50 was at 24,895, up 99.75 points, or 0.4 per cent.

 

10:54 AM

Stock Market LIVE Updates: Will foreign investors continue to sell or return to India? Experts decode

Stock Market LIVE Updates: Indian equity markets witnessed a sudden withdrawal from foreign investors this month, with Rs 38,702.41 crore being withdrawn from the cash market over the last four sessions of October 2024. Consequently, benchmark indices suffered their worst losses in over two years, with the BSE Sensex and NSE Nifty falling over 5 per cent from its record high level. 

 

That said, foreign investors have invested Rs 1,50,266 crore so far in 2024, and withdrawn Rs 93,792.41 crore from the Indian markets. Thus, despite the sell-off, foreign investors have been a net buyer for the year to date with a net purchase of Rs 56,473.59 crore. READ MORE

10:41 AM

Stock Market LIVE Updates: Vi says it has asked DoT to remove bank guarantee requirement for spectrum

Stock Market LIVE Updates: Vodafone Idea today informed that it has requested the Department of Telecom to remove the bank guarantee requirements for spectrum acquired before 2022.

The company, in an exchange filing submited in response to a clarification sought by the bourses, said, "We would like to submit that the Company has made detailed representations to the DoT and continues to be engaged with DOT for removal of the bank guarantee requirements for spectrum acquired before 2022." 

"This is also an industry ask. As and when a final decision is taken by the DoT, the Company will make the necessary disclosures as required by law," it added.

10:29 AM

Stock Market LIVE Updates: Goldman Sachs' Chetan Ahya says NDRC didn't announce any measures to boost demand

Stock Market LIVE Updates: Goldman Sachs' Chetan Ahya, says they were keeping an eye on whether fiscal deficit would grow in China, during National Development and Reform Commission' (NDRC) press conference announcements today.

Apart from that, other factors on the radar were the scale of fiscal expansion that the agency would announce, and whether it would target the problem of consumption in the Chinese economy, according to CNBC TV18.

Ahya said the agency announced very small efforts towards boosting demand, and also didn't give any fiscal measure numbers.

He added that the contours of the announcement were even lower than what the markets and they were expecting.

 

10:17 AM

Stock Market LIVE Updates: Paras Defence's arm wins mobile ground station development contest organised by MoD

Stock Market LIVE Updates: Paras Defence and Space Technologies today informed that its subsidiary, Paras Anti-Drone Technologies has won the ADITI 1.0 challenged for 'Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites'.

The challenge was launched by the Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP), Ministry of Defence, as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for promoting innovations in critical and strategic defence technologies.

As per the Scheme, Paras Anti-Drone Technologies is now eligible for a grant amount of upto 50 per cent of the Product Development Budget (PDB), with a maximum limit of Rs 25 crore, the company said in an exchange filing.

 

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty hold onto slim gains

Stock Market LIVE Updates: Indian benchmark equity indices, after opening on a muted note, were ahead slightly on Tuesday.

At 10 AM, the BSE Sensex was up 216 points, or 0.27 per cent, at 81,266, and the Nifty 50 was at 24,837, up 41 points, or 0.17 per cent.

9:57 AM

Stock Market LIVE Updates: J&K Election Results Live Updates - National Conference ahead in J&K

Stock Market LIVE Updates: According to data available on the election commission website, the Jammu & Kashmir National Conference was leading on 40 seats, while the Bharatiya Janata Party was ahead in 23 constituencies, followed by the Indian National Congress, ahead in 8 constituencies.

 

9:54 AM

Stock Market LIVE Updates: Haryana Election Results Live Update - BJP gains lead in Haryana

Stock Market LIVE Updates: According to data available on the election commission website, the Bharatiya Janata Party was leading on 38 seats, while the Indian National Congress, was leading in 31 seats.
 

Regional parties IND and INLD, along with BSP were ahead in one seat each.

 

9:50 AM

Stock Market LIVE Updates: Bazaar Style to acquire 44,250 sq. ft land at Salt Lake, WB, for Rs 32.5 cr

Stock Market LIVE Updates: Bazaar Style Retail today informed that it has signed a term sheet to acquire a land parcel measuring 44,250 sq. ft. 

The company, in an exchange filing, said, "We wish to inform that the Company has executed a term sheet intending to acquire a commercial space admeasuring 44,250 sq. ft. more or less located at PS Srijan Tech Park, DN-52, Sector V, Saltlake, North 24 Parganas, West Bengal -700091 for a total consideration of Rs 32.5 crore."

 

9:39 AM

Stock Market LIVE Updates: Morepen gains over 2% as co unveils plans to separate medical devices biz

Stock Market LIVE Updates: Morepen Laboratories plans to separate its medical devices business, potentially unlocking significant value. It has projected a growth rate of 25-28 per cent in this segment and plans to expand glucometer production.