Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads

Stock Market Highlights on Aug 28, 2024: As many as 29 out of 50 listed stocks of Nifty50 ended in the red, dragged by Adani Enterprises, Asian Paints, and Maruti Suzuki India

12:54 PM

Stock Market LIVE Updates: Hyundai Motor eyes 30% rise in sales by 2030 as it doubles hybrid lineup

Stock Market LIVE Updates: Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand. The world's No. 3 automaker by sales, along with affiliate Kia Corp, announced its mid- to long-term goals and strategy at its CEO Investor Day. READ MORE

12:50 PM

Filing: Mahadeo Karnik resigns as Director of Abbott India

Stock Market LIVE Updates: Mahadeo Karnik resigns as Director of Abbott India, effective August 30, 2024.

12:47 PM

ALERT :: Ukraine Zelensky will pitch plan to force Russia to end war, says report

Ukraine Zelensky will pitch plan to force Russia to end war, says report

12:40 PM

Stock Market LIVE Updates: Zee-Sony settlement removes overhang but outlook stays uncertain, say analysts

Stock Market LIVE Updates: Even as the settlement of merger dispute between Zee Entertainment Enterprises (ZEEL) and Culver Max Entertainment, operating as Sony Pictures Networks India (SPNI), has removed a key overhang over ZEE, the share price is unlikely to be re-rated anytime soon, analysts cautioned on Wednesday. Any meaningful re-rating, they said, should happen in case ZEE finds a new partner or strategic investor. READ MORE

12:31 PM

Stock Market LIVE Updates: SME stock hits 12th straight upper circuit; up 4x over IPO price in 12 days

Stock Market LIVE Updates: Shares of Afcom Holdings were locked in upper circuit for the 12th straight trading day on the BSE in Wednesday’s intra-day trade, after it surged 10 per cent to Rs 444.40. The stock of this logistics solutions provider has frozen in upper circuit in all the trading days, since it listed in the BSE SME segment, and no sellers were seen on the counter even on Wednesday. READ MORE

12:25 PM

Stock Market LIVE Updates: Infibeam Avenues jumps 5% on AI order win from hospitals, gas stations

Stock Market LIVE Updates: Infibeam Avenues share price surged as much as 5.13 per cent at Rs 32.37 a piece per share on the BSE in Wednesday’s intraday trade. Infibeam Avenues share price moved up after the company’s artificial intelligence arm Phronetic.AI secured two major contracts that will bring its Theia Vision AI technology to regional hospitals and an international gas station chain. READ MORE

12:17 PM

Stock Market LIVE Updates: Wipro stock price rises over 3% on inking pact with Dell Technologies

Stock Market LIVE Updates: Stocks of IT major jumped as much as 3.44 per cent to hit an intraday high of Rs 534.90 apiece on Wednesday, August 28, 2024. The uptick in the Wipro stock price came after the technology services and consulting company announced on August 27 that it is expanding its collaboration with Dell Technologies to bring the Dell AI Factory to Wipro’s Enterprise AI-Ready Platform. READ MORE

12:04 PM

Stock Market LIVE Updates: NBCC shares climb over 8%; here's what's driving the Navratna stock

Stock Market LIVE Updates: Shares of state-owned Navratna company NBCC (India) sprinted as much as 8.30 per cent during intra-day deals on Wednesday to Rs 192.40, merely Rs 6 shy of its 52-week high of Rs 198.25, touched on July 9, 2024. The northward rally in NBCC's stock is attributed to the company's announcement that the board is scheduled to meet on Saturday, August 31, 2024, to consider a proposal for issuing bonus shares to equity shareholders. READ MORE

11:51 AM

Stock Market LIVE Updates: Orient Tech shares make bumper debut; list at 40% premium on BSE, NSE

Stock Market LIVE Updates: Shares of leading IT solutions provider Orient Technologies rallied 5 per cent from the listing price, and 47.79 per cent above the IPO issue price to hit the upper circuit of Rs 304.45, posting a stellar debut on Wednesday. READ MORE

11:48 AM

Stock Market LIVE Updates: Small, MidCap indices outperform Sensex for 5th straight month in FY25

Stock Market LIVE Updates: The BSE SmallCap and BSE MidCap indices are set to outperform the frontline benchmark, BSE Sensex, for a fifth straight month in the current financial year 2024-25 (FY25). In the first five months (April to August) of FY25, the SmallCap index has surged 30.7 per cent (38 per cent in FY24), while the MidCap index has rallied 24.9 per cent (30 per cent in FY24) as compared to 11.1 per cent rise in the benchmark index during this period. READ MORE

11:34 AM

ALERT:: Nifty hits fresh record high

Stock Market LIVE Update: Nifty50 surged as much as 0.32 per cent in intraday deals to hit a fresh all-time high of 25,099.95 levels.

11:27 AM

Stock Market LIVE Updates: Rupee falls 2 paise to 83.95 against US dollar in early trade today

Stock Market LIVE Updates: Rupee depreciated 2 paise to 83.95 against the US dollar in morning trade on Wednesday, weighed down by a muted trend in domestic equities. Forex traders said from a macroeconomic standpoint, the rupee's downside appears well-contained, with the 84-level acting as a crucial support, likely bolstered by expected RBI intervention to prevent further depreciation. READ MORE 

11:14 AM

Stock Market LIVE Updates: Adani Enterprises to issue 1st-ever public bond next wk to raise Rs 800 cr

Stock Market LIVE Updates: India's Adani Enterprises plans to raise up to Rs 800 crore ($95.3 million), through its debut public issue of bonds, the company said on Wednesday. The issue, which has a base size and greenshoe option of Rs 400 crore each, will open for subscription on Sept. 4 and will close on September 17, the company said in an exchange filing. READ MORE

11:03 AM

Stock Market LIVE Updates: Here's why PNC Infratech stock price rallied 3% on August 28; details here

Stock Market LIVE Updates: Shares of PNC Infratech zoomed as much as 2.97 per cent to hit an intraday 472 per share on Wednesday, August 28, 2024. The PNC Infratech stock soared after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 380 crore. READ MORE

10:51 AM

Stock Market LIVE Updates: Rolex Rings extends rally post block deal; hits all-time high; details here

Stock Market LIVE Updates: Rolex Rings stock extended its rally on Wednesday, August 28, 2024. The stock jumped as much as 5.97 per cent to hit a fresh all-time high of Rs 2,579.90 per share after Kotak Mahindra MF, SBI MF and Franklin Templeton MF bought shares in the company. READ MORE