Stock Market Rally Highlights: Sensex soars 1,960 pts, Nifty ends above 23,900; SBI, TCS jump 4%

Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

11:46 AM

Stock Market LIVE Updates: Nov Flash PMI: Charge inflation hits 12-year high, but biz confidence rises

Stock Market LIVE Updates: India’s private sector economy continued its strong growth in November, according to the HSBC Flash India Composite Output Index, which rose to 59.5, up from October’s final reading of 59.1. This marked the sharpest rate of growth in three months, driven by new business gains and export sales.

However, the expansion was accompanied by a surge in cost pressures, with firms reporting the highest rate of selling price increases since February 2013. Despite this, survey respondents showed confidence in business picking up. READ MORE

 

11:36 AM

Stock Market LIVE Updates: Raymond gains 7% as BSE, NSE gives nod to demerger & listing of realty biz

Stock Market LIVE Updates: Raymond shares gained 7.1 per cent in morning deals on Friday and clocked an intraday high of Rs 1,528.9 per share on BSE. The

stock climbed after bourses gave a 'no objection' letter to the company for scheme of arrangement between the company and Raymond Realty.

Around 10:27 AM, Raymond shares were up 5.67 percent at Rs 1,507.4 per share on BSE. In comparison, the BSE Sensex was up 0.73 per cent at 77,720.49. READ MORE
 

 

 

11:32 AM

Stock Market LIVE Updates: S&P Global revises its outlook on three Adani entities to 'negative'

Stock Market LIVE Updates: Rating agency S&P Global on Friday revised its outlook on three Adani Group entities to ‘negative’, a day after the news that US department of justice has levelled corruption charges against chairman Gautam Adani and six others broke out.

S&P Global cut the outlook on Adani Electricity Mumbai Ltd (Adani Electricity), Adani Ports and Special Economic Zone Ltd (Adani Ports) and Adani Green Energy Ltd Restricted Group 2 (AGEL RG2), which is a subsidiary of Adani Green Energy Limited (AGEL).
 

AGEL is the entity linked to the allegations, although it has not been directly named in the ongoing proceedings in the US. READ MORE

 

11:16 AM

Stock Market LIVE Updates: Ola Electric's shares gain on reports of layoff over 500 employees

Stock Market LIVE Updates: Ola Electric Mobility shares rose 2.54 per cent at Rs 68.95 per share on the BSE in Friday’s intraday deals. This came after reports emerged of the company planning to lay off around 500 of its employees. 

 

According to reports, Bhavish Aggarwal led Ola Electric is undergoing a restructuring exercise impacting over 500 employees, approximately 12 per cent of its 4,000-strong workforce. The process, initiated months ago, is expected to conclude next month. READ MORE

 

11:07 AM

Stock Market LIVE Updates: 11 AM market - Sensex, Nifty maintain lead

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At around 11 AM, the BSE Sensex was at 77,778, up 622 points, or 0.81 per cent, while the Nifty 50 was at 23,540, up 190 points, or 0.82 per cent.

 

10:57 AM

Stock Market LIVE Updates: Torrent Power stock nears 5-month low; down 17% in Nov on poor Q2 show

Stock Market LIVE Updates: Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading close to a 5-month low on the BSE in Friday’s intra-day trade in an otherwise firm market. The stock of the power utility company was trading at its lowest level since July 25, 2024.

In comparison, the BSE Sensex was up 0.79 per cent at 77,754 at 10:24 am. Torrent Power has corrected 26 per cent from its 52-week high of Rs 2,037 touched on October 22. READ MORE

 

10:45 AM

Stock Market LIVE Updates: It is a sell on a rise market now with Nifty upside capped, suggest charts

Stock Market LIVE Updates: The relentless selling by foreign institutional investors (FIIs) across large, mid, and smallcaps has led to an over 10 per cent fall in the frontline benchmark indices of these three market segments from their peak levels hit earlier this year.

 

And if technical charts are to be believed, there is more pain ahead for the markets as intermittent market rallies / bounces are likely to get sold into. READ MORE

 

10:33 AM

Stock Market LIVE Updates: Will book profit in cryptocurrency Bitcoin at $150,000 levels: Chris Wood

Stock Market LIVE Updates: Christopher Wood, global head of equity strategy at Jefferies who holds 10 per cent weight in Bitcoin in his global portfolio for a US dollar-denominated pension fund plans to book profit in the cryptocurrency once it hits the $150,000 mark, up nearly 53 per cent from the current levels of $98,300 levels. READ MORE

 

10:22 AM

Stock Market LIVE Updates: Adani Group stocks extend fall after US indictments; recover from day's low

Stock Market LIVE Updates: Shares of Adani Group companies continued trading under pressure for the second straight day, declining by up to 11 per cent on the BSE in Friday’s intra-day trade.

In two days, the stock of the group's companies have tanked by up to 28 per cent after Gautam Adani, along with other executives, were charged by US prosecutors for allegedly bribing ($250 million) Indian officials to secure renewable energy suply contracts. READ MORE

 

10:10 AM

Stock Market LIVE Updates: Zinka Logistics shares list at over 2% premium mirroring IPO GMP trend

Stock Market LIVE Updates: Shares of Zinka Logistics Solutions, the parent company of digital freight platform BlackBuck, posted a subdued listing on Thursday. On the BSE, the stock debuted at Rs 279.05, reflecting a premium of Rs 6.05 or 2.21 per cent from its IPO allotment price of Rs 273. 

Similarly, on the NSE, BlackBuck listed at Rs 280.90, marking a premium of Rs 7.90 or 2.89 per cent from the issue price. READ MORE

 

10:03 AM

Stock Market LIVE Updates: 10 AM market - Sensex, Nifty climb

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday, tracking strength in the global markets.

At 10 AM, the BSE Sensex was at 77,631, up 475 points, or 0.62 per cent, while the Nifty 50 was at 23,502, up 152 points, or 0.65 per cent.

 

9:49 AM

Stock Market LIVE Updates: Enviro Infra Engineers IPO opens today: GMP up 26%; Should you subscribe?

Stock Market LIVE Updates: The grey market premium of the initial public offering (IPO) of Enviro Infra Engineers remains intact ahead of its opening for public subscription scheduled today, November 22, 2024. The unlisted shares of Enviro Infra Engineers were quoted trading at a premium of Rs 38, which translated into a GMP of 25.68 per cent against the upper end of the public offering, revealed sources tracking unofficial market activities.

  

Enviro Infra Engineers IPO is a book-built issue comprising a fresh issue of 3,86,80,000 shares and an offer for sale (OFS) with promoters offloading 52,68,000 shares with a face value of Rs 10. READ MORE

 

9:43 AM

Stock Market LIVE Updates: Max pain for Bank Nifty seen at 50,900; bias seems cautiously positive

Stock Market LIVE Updates: Rising geo-political worries and negative news for the Adani Group kind-off weighed on the investment sentiment in the recent trading sessions.

 

On Friday, even as the global cues are favourable persistent FII selling in the cash market and unpredictable news flow could weigh on the market sentiment. That apart, cues from the derivatives market also seem to advocate cautiousness. READ MORE

 

9:35 AM

Stock Market LIVE Updates: Tata Power climbs as it explores $4.25 bn financing from Asian Development Bank

Stock Market LIVE Updates: The Tata Group's power utility company signed an initial pact with the Asian Development Bank (ADB) to evaluate financing worth $4.25 billion for its several strategic projects.

 

9:32 AM

Stock Market LIVE Updates: Adani Energy Solutions down 5%

Adani Energy Solutions was down 5 per cent in the early deals of Friday.