Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%

Stock Market Close Highlights Today, Oct 18: The Nifty50, too, ended at 24,854.05, up 104.16 point. Axis Bank, ICICI Bank, HDFC Bank, and RIL led the rally market today

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Indian benchmark equity indices climbed higher after trading in the red for most of the morning session on Friday.

At 2 PM, the BSE Sensex was up 331 points, or 0.41 per cent, at 81,337, while the Nifty 50 was at 24,870, up 120 points, or 0.48 per cent.

 

1:57 PM

Stock Market LIVE Updates: Trading strategy ahead of Samvat 2081: Buy the dips, Sell the rallies

Stock Market LIVE Updates: The NSE Nifty 50 index has declined 6.5 per cent from its all-time high of 26,277, touched on September 27, 2024, in less than a month. In the process, the NSE Nifty 50 index is now seen testing support around its 100-DMA (Daily Moving Average) - a key moving average the index has held since mid-November 2023, barring the huge single-day fall on June 04 owing to Lok Sabha election related uncertainty. READ MORE

 

 

 

1:42 PM

Stock Market LIVE Updates: Vishnu Prakash rallies 14% on healthy order book; zoomed 116% since April

Stock Market LIVE Updates: Shares of Vishnu Prakash R Punglia (VPRPL) rallied 14 per cent to Rs 325, hitting a new high on the BSE in Friday’s intra-day trade backed by heavy volumes.

The aggressive buying at the counter can be attirbuted to a healthy order book position of nearly Rs 5,000 crore, which leads to clear visibility in future. READ MORE

 

1:20 PM

Stock Market LIVE Updates: Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus

Stock Market LIVE Updates: Zomato share pricetoday fell 5.4 per cent to Rs 256 per share on the BSE. At 12:43 PM, Zomato shares were trading 4 per cent lower at Rs 259.6 per share as against the BSE Sensex's 0.33-per cent rise.  The drop in Zomato share price came even as the company announced its fund raising plan on Thursday, October 18. READ MORE

 

1:11 PM

Stock Market LIVE Updates: Akums Pharma signs MoU with Zambian govt for local manufacturing of medicines there

Stock Market LIVE Updates: Akums Drugs & Pharmaceuticals today anounced that it has signed a memorandum of understanding with the Government of Republic of Zambia for local manufacturing of medicines.

The company, in an exchange filing, said, "We would like to inform you that Akums Drugs and Pharmaceuticals has entered into a Memorandum of Understanding with The Government of Republic of Zambia through Ministry of Health situated at Ndeke House, Haile Selassie Road Lusaka in Lusaka Province for Local Manufacturing of Medicines and to recognize the existing collaboration between the Zambian Government and Akums in the field of medicines and medical supplies and to strengthen collaboration between the entities." 

1:01 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty gain

Stock Market LIVE Updates: Indian benchmark equity indices gained, after opening lower on Friday.

At 1 PM, the BSE Sensex was up 224 points, or 0.28 per cent, at 81,230, while the Nifty 50 was at 24,840, up 90 points, or 0.37 per cent.

 

12:49 PM

Stock Market LIVE Updates: This recently listed stock has zoomed 98% against issue price in 2 weeks

Stock Market LIVE Updates: Shares of Diffusion Engineers surged 12 per cent to Rs 333.20 on the BSE in Friday’s intra-day trade amid heavy volumes. The stock was trading at its highest level since listing on October 4, 2024. Currently, it quotes 98 per cent over its issue price of Rs 168 per share. In comparison, the BSE Sensex was up 0.12 per cent at 81,101 at 12:03 pm. READ MORE

 

12:35 PM

Stock Market LIVE Updates: Here's why Western Carriers share price gained 4% on October 18, details

Stock Market LIVE Updates: Share of Western Carriers gained up to 3.88 per cent to hit an intraday high of Rs 151.05 per share on Friday, October 18, 2024. 

The uptick in Western Carriers share price came after the company announced that it has been selected as the sole supply chain partner for in-plant logistics & container rake transportation from Tata Steel Limited for Tata Steel Sponge Iron Joda ('TSSIJ’) unit. READ MORE

 

12:22 PM

Stock Market LIVE Updates: Mazagon Dock up 7% as co to consider stock split, dividend on October 22

Stock Market LIVE Updates: Shares of shipbuilding company Mazagon Dock Shipbuilders soared up to 7.11 per cent to hit an intraday high of Rs 4,542 per share on Friday, October 18, 2024. 

 

The uptick in the share price came after the company announced that the board of directors will meet on October 22 to consider stock-split and declaration of interim dividend for the financial year 2024-25. READ MORE

 

12:09 PM

Stock Market LIVE Updates: Infosys share price slips 4.5% despite raising FY25 guidance; here's why

Stock Market LIVE Updates:  Share of information technology (IT) giant Infosys slipped up to 4.50 per cent to hit an intraday low of Rs 1,880.80 per share on Friday, October 18. 2024. The fall in the share price came after the management revised its revenue guidance for FY25 to 3.75 per cent-4.5 per cent (vs 3-4 per cent earlier), indicating a muted quarter-on-quarter growth for the second half of the year. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty climb into green

Stock Market LIVE Updates: Indian benchmark equity indices were trading marginally higher, in the positive zone on Friday.

At 12 PM, the BSE Sensex was up 33 points, or 0.04 per cent, at 81,040, while the Nifty 50 was at 24,788, up 38 points, or 0.16 per cent.

 

12:00 PM

Stock Market LIVE Updates: MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?

Stock Market LIVE Updates: Shares of city gas distributors (CGDs) -- Mahanagar Gas (MGL) and Indraprastha Gas (IGL) – plunged up to 14 per cent on the BSE in Friday's intraday trade. The shares came under heavy selling pressure after a 20-per cent ad hoc reduction in allocation of cheap Administrative Price Mechanisms (APM) gas for the compressed natural gas (CNG) segment w.e.f. October 16, 2024, worried investors. READ MORE

 

11:26 AM

Stock Market LIVE Updates: Nitco shares hit 5% upper circuit; Here's what's driving the stock higher

Stock Market LIVE Updates: Nitco shares advanced 5 per cent on Friday, October 18, and froze in upper circuit at Rs 120.87 per share on the BSE. The stock gained after the company informed that it has signed a one time settlement (OTS) with Life Insurance Corporation of India (LIC) for its debt facilities. Apart from that, it has also sigend a memorandum of intent of settlement with its financial creditor Authum Investment and Infrastructure. READ MORE

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty off day's lows, trade in red

Stock Market LIVE Updates: Indian benchmark equity indices were trading lower on Friday, amid continued selling by FIIs during October, which has weighed on market performance for the month.

At 11 AM, the BSE Sensex was down 142 points, or 0.18 per cent, at 80,864, while the Nifty 50 was at 24,723, down 26 points, or 0.11 per cent.

 

11:00 AM

Stock Market LIVE Updates: Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

Stock Market LIVE Updates: The Nifty October futures declined 0.8 per cent in trades yesterday alongside a 1.4 per cent decline in open interest (OI).

At present, the Nifty is at a crucial 'make or break' point on the daily chart, with the 24,700 – 24,600 zone, which aligns with the 89-EMA, acting as key support, said Rajesh Bhosale, Equity Technical Analyst at Angel One in a note. READ MORE