Monday, January 06, 2025 | 08:17 PM ISTEN Hindi

Stock Market Crash Highlights: Sensex sheds 1,258 pts in broad sell-off, Nifty at 23,616; VIX up 15%

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

SI Reporter New Delhi

10:53 AM

Stock Market LIVE Updates: Here's why AU Small Finance Bank shares advanced 3% in trade today

Stock Market LIVE Updates: AU Small Finance Bank shares gained 2.9 per cent in Monday's trade on BSE, logging an intraday high at Rs 590.15 per share. The buying in the stock came after the company posted its Q3 update and received a nod from the Reserve Bank of India (RBI) for the acquisition of a 9.5 per cent stake by HDFC Bank and its group entities.

Around 9:23 AM, AU Small Finance Bank share price was up 1.67 per cent at Rs 583 per share on BSE. In comparison, the BSE Sensex was up 0.14 per cent at 79,330.38. The market capitalisation of the company stood at Rs 43,165.51 crore. The 52-week high of the stock stood at Rs 813 per share and the 52-week low of the stock stood at Rs 534 per share. READ MORE

10:41 AM

Stock Market LIVE Updates: Last day! Parmeshwar Metal closes today; Subscription rises 45x, GMP up 65%

Stock Market LIVE Updates: The unlisted shares of Parmeshwar Metal commanded a solid premium in the grey market on the last day of the subscription window for its initial public offering (IPO). The Rs 24.74 crore SME offering of Parmeshwar Metal, which opened for subscription on Thursday, January 2, 2025, is set to conclude today, Monday, January 6, 2025.

Parmeshwar Metal IPO, which is available at a price band of Rs 57-61 per share with a lot size of 2,000 shares, has been oversubscribed by 45 times till Friday, January 3, 2025. READ MORE

10:30 AM

Stock Market LIVE Updates: Pritika Auto begins making components for leading int'l tractor manufacturer

Stock Market LIVE Updates: Pritika Auto Industries today informed about the start of commercial production of the ordered components from a leading multinational tractor manufacturer in India after successful completion of inspection and trials at the customer end.

The company, in an exchange filing, said the components include Differential Housing Assembly; Front Cover CCF; and Link Top Link Crank.

The company added that the total business value of the components will be approximately Rs 2.50 crore per annum in addition to its current order book. "At the same time, these orders have a long term visibility spanning to over next four to five years," it added.

10:21 AM

Stock Market LIVE Updates: Analysts bullish on Standard Glass Lining IPO; eye long-term potential

Stock Market LIVE Updates: Brokerages remained bullish on the initial public offering (IPO) of specialised engineering equipment manufacturer, Standard Glass Lining Technology, which opens for public subscription today, January 6, 2025. Market analysts have broadly recommended subscribing to the issue for the long-term perspective. Standard Glass Lining has announced that it has already raised Rs 123.02 crore from anchor investors in the bidding concluded on January 3, 2025. READ MORE

10:16 AM

Stock Market LIVE Updates: Titan extends gain post Q3 business update; stock rallies over 8% in 3 days

Stock Market LIVE Updates: Shares of Titan Company hit an over two-month high of Rs 3,527.20, gaining 2 per cent on the BSE in Monday’s intra-day trade after it reported a healthy 25 per cent year-on-year (YoY) growth in jewellery (domestic) business buoyed by strong festive season demand.

The stock price of the owner of the Tanishq brand of jewellery stores has rallied 8.4 per cent in the past three trading days. It is trading at its highest level since October 15, 2024. READ MORE

10:12 AM

Stock Market LIVE Updates: Weekly Outlook: Key levels to track on Sensex; Nifty headed towards 24,600?

Stock Market LIVE Updates: Last week, the Nifty reclaimed the 24,000-mark after a gap of two trading weeks amid heightened volatility as the index NSE benchmark index swung in a band of 760 points. The market experienced a downtrend in the early part of the week, as a result of which the Nifty hit a low of 23,460. Thereafter, the NSE index recouped losses and rallied sharply to a high of 24,227. The Nifty finally ended the week with a gain of 0.8 per cent or 192 points at 24,005.

Similarly, the BSE benchmark - the Sensex touched a low of 77,561, and soared to a high of 80,273 - up 2,712 points from the week's low. The Sensex eventually ended the week 0.7 per cent or 524 points higher at 79,223. READ MORE

10:05 AM

Stock Market LIVE Updates: ITC price adjusted by Rs 27 to Rs 455 on BSE; Rs 26 to Rs 455.60 on NSE

Stock Market LIVE Updates: With the bourses holding a special trading session to arrive at ITC Hotels' share price, the price discovered on the BSE stood at Rs 455, adjusted by Rs 27, or 5.6 per cent, while the price discovered on the NSE was adjusted by Rs 26, or 5.4 per cent, at Rs 455.60.

10:02 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty maintain opening gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading mildly higher on Monday, tracking strength on Wall Street.

At 10 AM, the BSE Sensex was higher by 103.46 points, or 0.13 per cent, at 79,326.57, while the Nifty50 was at 24,009.15, ahead by 4.40 points, or 0.02 per cent.

9:48 AM

Stock Market LIVE Updates: Dabur shares drop 4.2% as is pegs Q3 cons rev growth in low single digits

Stock Market LIVE Updates: The company is set to record low single-digit growth in consolidated revenue in the December quarter, it said in an update on Friday, after market hours.

9:45 AM

Stock Market LIVE Updates: Reliance Industries climbs nearly 1% on raising $3 bn from a consortium of 11 banks

Stock Market LIVE Updates: RIL has raised $3 billion from a consortium of 11 banks, marking its largest borrowing deal in nearly two years, as per reports.

9:41 AM

Stock Market LIVE Updates: Adani Wilmar gains over 1% on recording 33% annual growth in Q3 revenue

Stock Market LIVE Updates: Adani Wilmar in its business update reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter.

The company is also adopting a strategy by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio following the Adani group’s exit, according to reports.

9:38 AM

Stock Market LIVE Updates: FSN E-Commerce jumps 5% as co pegs Q3 rev growth in higher mid-twenties

Stock Market LIVE Updates: FSN E-Commerce Ventures (Nykaa):The parent company of Nykaa's consolidated net revenue growth is likely to be higher than mid-twenties. Its gross merchandise value (GMV) growth for beauty vertical is expected to be low thirties.

9:21 AM