Market Close Highlights, Oct 11: Sensex down 230 pts; Mid, SmallCap indices shine; Tata stocks mixed

Stock Market Close Highlights, Friday, Oct 11: 13 of the 30 Sensex stocks, and 22 of the 50 Nifty stocks closed in the negative zone, led by TCS, M&M, ICICI Bank, Maruti Suzuki, Power Grid, Cipla

2:18 PM

Stock Market LIVE Updates: Ugro Capital stock price jumps 8% on strong Q2 update; more details here

Stock Market LIVE Updates: Share price of Ugro Capital soared up to 7.92 per cent at Rs 258 per share intraday on the BSE. This came after non banking financial company announced that the company has reached a total asset under management (AUM) of Rs 10,200 crore as of September 2024, growing from Rs 2,970 crore in March 2022. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty rangebound in negative territory

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading lower on Friday, tracking the overnight weakness on Wall Street.
 

At 2 PM, the BSE Sensex was down 197.17 points, or 0.24 per cent, at 81,414.24, while the Nifty 50 was at 24,973.85, down 24.60 points, or 0.1 per cent.

 

1:49 PM

Stock Market LIVE Updates: Tata group stocks mixed after Noel Tata appointed Chairman of Tata Trusts

Stock Market LIVE Updates: Shares of Tata group companies such as Trent, Tata Motors, Tata Steel and Tata Consultancy Services (TCS) were trading mixed as reports indicated that Noel Tata has been appointed as the Chairman of Tata Trusts.

Last seen, among the Tata group stocks, Tata Motors was up 0.23 per cent, Tata Steel was up 0.85 per cent, Trent was up 2.38 per cent and TCS was down 2.08 per cent. 

1:40 PM

Stock Market LIVE Updates: Noel Tata appointed Chairman of Tata Trusts

Stock Market LIVE Updates: Noel Tata has been unanimously elected as the chairman of Tata Trusts, at a board meeting of Tata Trusts today, according to CNBC TV18.

1:25 PM

Stock Market LIVE Updates: Panacea Biotec surges 4% on reports of launching dengue vaccine in two yrs

Stock Market LIVE Updates: Shares of Panacea Biotec surged up to 4.48 per cent at Rs 319.40 on the BSE in Friday’s intraday trade. This came after the company disclosed its plans to develop a dengue vaccine within the next two years. 

 

According to a report by CNBC TV 18, Panacea Biotec Chairman and Managing Director, Dr Rajesh Jain said that its dengue vaccine, developed in collaboration with ICMR, is progressing well in phase three trials across 19 sites in India, covering over 10,000 adults. READ MORE

 

1:10 PM

Stock Market LIVE Updates: Moneyboxx Finance raises Rs 40 crore through term loans

Stock Market LIVE Updates: Moneyboxx Finance today announced that two of its existing bankers, HDFC Bank and AU Small Finance Bank, have sanctioned term loans of Rs 40 crore each, aggregating to a total amount of Rs 40 crore.

It is backed by 32 lenders, including banks like SBI, HDFC Bank and Kotak Mahindra Bank, and it has raised over Rs 900 crore debt to date. 

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain lower levels

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading lower on Friday, tracking the overnight weakness on Wall Street.

At 1 PM, the BSE Sensex was down 216.20 points, or 0.26 per cent, at 81,395.21, while the Nifty 50 was at 24,954.95, down 43.50 points, or 0.17 per cent.

 

1:00 PM

Stock Market LIVE Updates: Thyrocare completes deal for Vimta Labs' diagnostics & pathological services biz

Stock Market LIVE Updates: Thyrocare Technologies today informed that it has completed the acqusition of Vimta Labs' diagnostics and pathological services business, according to the business transfer agreement it had signed with the company.

The company, in an exchange filing, said, "We would like to now inform you that the Company has completed the acquisition of Vimta’s diagnostic and pathological services business on October 11, 2024, at 12.30 PM in terms of the said BTA and commenced the relevant operations on a going-concern basis w.e.f. October 11, 2024." 

 

12:47 PM

Stock Market LIVE Updates: Why have BSE shares climbed 4% on October 11? Check reasons here

Stock Market LIVE Updates: Shares of BSE, Asia's oldest stock exchange, were buzzing in trade on Friday, October 11, 2024, as the scrip climbed up to 3.95 per cent to hit an intraday high of Rs 4,383 per share. 

The rise in BSE's share price followed the announcement from the National Stock Exchange (NSE) that it would discontinue weekly index derivatives contracts for Bank Nifty, Nifty Midcap Select and Nifty Financial Services, effective from November 13, 18, and 19, respectively.  READ MORE

12:35 PM

Stock Market LIVE Updates: HCL Tech Q2 Preview - Brokerages expect flat revenue, decline in TCV

Stock Market LIVE Updates: HCL Tech, the third largest Indian information technology firm is scheduled to deliver its financial results for the second quarter (July-September) of fiscal year 2024-25 (Q1FY25) on Monday, October 14. 

 

The Indian IT major is expected to register a single digit rise in its topline and bottomline compared to the September quarter of FY24. READ MORE

 

 

12:25 PM

Stock Market LIVE Updates: Indian Rupee falls below 84 for the first time

Stock Market LIVE Updates: The Indian rupee fell below 84 per dollar for the first time on Friday, pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the equity market.

The rupee dropped to a low of 84.0525 per US dollar and was last quoted at 84.05. 

The currency's decline past the 84 handle is significant as the Reserve Bank of India (RBI) had been defending that level.

 

12:14 PM

Stock Market LIVE Updates: RVNL, IRCTC, IRFC: Railway stocks trading 33% off highs; time for a relook?

Stock Market LIVE Updates: Even as the benchmark equity indices scaled fresh peaks in September shares related to Indian railways continued to under-perform and languish below key moving averages. Among these momentum stocks such as RVNL and IRFC which had witnessed a frenzied rally earlier seem to be taking a breather.

 

For the records, most of the rail-related shares hit a new high in July 2024 while the benchmark indices - both the BSE Sensex and the NSE Nifty 50 index registered a summit at 85,978 and 26,277 in the month of September 2024. READ MORE

 

12:03 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading lower on Friday, tracking the overnight weakness on Wall Street.

At 12 PM, the BSE Sensex was down 244.08 points, or 0.30 per cent, at 81,367.33, while the Nifty 50 was at 24,938.90, down 59.55 points, or 0.24 per cent.

 

11:56 AM

Stock Market LIVE Updates: Ugro Capital stock price jumps 8% on strong Q2 update; more details here

Stock Market LIVE Updates: Share price of Ugro Capital soared up to 7.92 per cent at Rs 258 per share intraday on the BSE. This came after non banking financial company announced that the company has reached a total asset under management (AUM) of Rs 10,200 crore as of September 2024, growing from Rs 2,970 crore in March 2022. READ MORE

 

11:45 AM

Stock Market LIVE Updates: This pharma stock has zoomed 57% thus far in 2024; Citi sees more upside

Stock Market LIVE Updates: Divi's Laboratories' share hit a new high of Rs 6,106.50, gaining 3 per cent on the BSE in Friday's intraday trade, in an otherwise range-bound market, on a strong business outlook.

 

In the last four days, Divi's Lab share price has surged 13 per cent after global brokerage firm Citi initiated coverage on Divi's Laboratories with a 'Buy' rating and a target price of Rs 6,400 per share. READ MORE