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

9:10 AM

Stock Market LIVE Updates: Nifty holds 25,000 mark in pre-open

NSE's Nifty50 index rose 0.05 per cent at 25,030 levels in pre-opening deals. 

9:08 AM

Stock Market LIVE Updates: Sensex mildly higher in pre-open

The benchmark Sensex was up 0.08 per cent at 81,780 levels in pre-open trade.

9:04 AM

Stock Market LIVE Updates: Rupee opens marginally lower

Indian ruppe opened at Rs 83.94 per dollar on Wednesday, 0.03 per cent lower. 

9:03 AM

Dividend, Right Issue: Hindustan Zinc, 12 other stocks turn ex-date today

Shares of as many as these 12 companies will remain in focus during today's trading session as they trade ex-dividend date today. Dividend, often considered an additional source of income for shareholders, refers to a portion of a company's profit that the company distributes among its shareholders, usually quarterly or annually, as a reward for their investment. Read more

9:01 AM

Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech

Listing:Orient Technologies is set to debut on the Mainboard, while Ideal Technoplast Industries and QVC Exports will make their entries on the SME platform.

Earnings today:P&G Hygiene & Health Care, HMA Agro Industries will announce their quarterly performance. 
 

Wipro:Expanded its partnership with Dell Technologies to integrate Dell AI Factory with Wipro’s Enterprise AI-Ready platform, aiming to enhance cost control and accelerate AI adoption across various environments.
 

Zydus Lifesciences:Granted final USFDA approval for Amantadine extended-release capsules, 68.5 mg, and tentative approval for 137 mg. This approval includes 180 days of market exclusivity for the 68.5 mg capsules. Read more

8:58 AM

Share market today: Nifty consolidation, ECOS IPO, Orient Tech listing

The Indian market is poised for a slow start on Wednesday as signalled by GIFT Nifty futures, which were trading at 25,002 levels at around 7:15 AM.

The BSE Sensex and the NSE Nifty 50 are expected to be weighed down by global cues and a lack of domestic drivers, as they await inflation data in the US and more clues about possible rate cuts in the country. Read more

8:54 AM

Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama

August auto sales in focus: Vehicle sales are expected to show mixed results in August 2024, according to analysts at the domestic brokerage Nuvama. The two-wheeler (2W) and tractor segments are projected to see growth, while passenger vehicles (PV) and commercial vehicles (CV) may witness declines. Read more

8:50 AM

Bajaj Finserv, Lupin, REC: Top picks by Chandan Taparia of MOFSL for today

Buy Bajaj Finserv | CMP: Rs 1,719 | Stop loss: Rs 1,680 | Target: Rs 1,800

A long bodied bullish candle breached its 6 month consolidation zone on the upside with higher than average buying volumes. It formed a triangle breakout on weekly scale. The MACD momentum indicator has given a bullish crossover and has turned up which confirms the up move. Read more

8:48 AM

Nifty Bank & Private Bank: Check support, resistance and other details here

Nifty Bank Index  

The Nifty Bank Index is currently exhibiting a bullish trend on the charts, suggesting a positive outlook for the near term. However, traders should be aware of some potential resistance at the 51,500 level. Until the index breaks above this resistance on a closing basis, the initiation of a new bullish momentum may not occur. Read more

8:47 AM

Vinay Rajani of HDFC Securities suggests buying Radico Khaitan and more for Aug 28

Buy Radico Khaitan (Rs 1,817): | Target: Rs 1,990, 2,090 | Stop-loss: Rs 1650

Stock has broken out from multi week consolidation pattern on the weekly charts. Price rise was accompanied by healthy volumes. Stock is trading above all important moving averages, indicating bullish trend on all time frames. Read more

8:43 AM

GIFT Nifty futures suggest flat start

The GIFT Nifty futures signalled a quieter open as they quoted 11 points lower than Nifty50 futures at 25,006 levels. 

8:40 AM

Booming primary market in India lures funds away from pricey stocks

The ongoing boom in new-share offerings in India has caught the fancy of global funds, who seem to be shunning the nation’s secondary market for its high valuations. Read more

8:35 AM

Five most overbought SME IPOs of 2024 see 1100x demand amid frenzy

The IPOs by small and medium enterprises (SMEs) are witnessing an unprecedented frenzy, with investors clamouring to get a piece of the action. The numbers tell the story—the five most overbought SME share sales of the year have seen cumulative bids exceeding Rs 65,000 crore—over 1100x the Rs 59.3 crore these companies were aiming to raise. Read more

8:30 AM

Here's what to expect from RIL's 47th AGM

The much-awaited annual general meeting (AGM) of Mukesh Ambani-owned Reliance Industries (RIL) is scheduled on Thursday, August 29, 2024, at 2 PM Indian Standard Time (IST). As per analysts, investors would focus on a plethora of announcements at the 47th RIL AGM. Read more

8:26 AM

Stock Market LIVE Updates: MPC and Inflation: Tracking non-food retail inflation trends in India

Stock Market LIVE Updates: Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India.
 

Let the eager souls catch a glimpse of facts. In the past 10 years, non-food inflation came down below 4 per cent on two occasions — pre-Covid period of 2019-20 and now in the first four months of the current financial year (FY25). It remained a tad above 4 per cent during 2023-24. It touched the peak of 6.65 per cent a year before. It was also quite elevated at 6.61 per cent in 2021-22. It also remained over 5 per cent in 2018-19 and Covid-hit year of 2020-21. READ MORE