Stock Market Close Highlights: Sensex settles flat at 79,496, Nifty at 24,141; IT, banks lead

Stock Market Today: 30 out of the 50 constituent stocks ended in the red, dragged down by Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC, with losses extending up to 8 per cent

2:25 PM

Stock Market LIVE Updates: Healthy Q2FY25 numbers boost KIMS shares 6%; details for investors

Stock Market LIVE Updates: Shares of Krishna Institute of Medical Sciences (KIMS) jumped 5.67 per cent to reach a 52-week high of Rs 603.45 on the NSE during intra-day trading on Monday. The uptick in the company's stock price follows healthy financial results for the second quarter of FY24, reported on Saturday, November 9, 2024.

 

The comapny's revenue from operations in the second quarter of FY25 stood at Rs 363.30 crore, up 15 per cent Year-on-Year (Y-o-Y) from Rs 316.20 crore reported in the corresponding quarter of the previous fiscal year, KIMS said in a regulatory filing. READ MORE

 

2:10 PM

Stock Market LIVE Updates: Retail ownership of Indian equities up 800bps in a decade: Morgan Stanley

Stock Market LIVE Updates: Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley.

 

This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty pare gains; trade in green

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, off from the day's high, were trading with muted gains amid mixed global cues. 

At 2 PM, the BSE Sensex was up 35 points, or 0.04 per cent, at 79,521; while the Nifty 50 was at 24,152, up marginally by 4 points, or 0.02 per cent.

 

1:42 PM

Stock Market LIVE Updates: Godfrey Phillips posts 23% jump in Q2 net profit at Rs 248 crore; shares up 4%

Stock Market LIVE Updates: Godfrey Phillips India today reported consolidated revenue from contracts with customers for Q2FY25 at Rs 1,640.30 crore, higher by nearly 20 per cent YoY from Rs 1,367.36 crore in the year ago period.

The company reported profit before tax at Rs 337.77, up 31.1 per cent from Rs 257.57 crore in the year ago period.

The company's profit for the period stood at Rs 248.31, up 22.9 per cent from Rs 202.06 crore in the year ago period.

 

1:30 PM

Stock Market LIVE Updates: Countdown begins! Niva Bupa IPO closes today: GMP up 4%; should you apply?

Stock Market LIVE Updates: The initial public offering (IPO) of health insurance provider Niva Bupa Health Insurance Company, which opened for public subscription on Thursday, November 7, 2024, will close today, Monday, November 11, 2024.  

 

Rs 2,200 crore public offering for Niva Bupa, comprising a fresh issue of 108,108,108 shares and an offer for sale (OFS) of 189,189,189 shares with a face value of Rs 10, has seen a decent response from investors so far, achieving 1.17 times subscription till around 10:12 AM on Monday, according to NSE data. READ MORE

 

1:28 PM

Stock Market LIVE Updates: Swiggy IPO allotment today: Check status, GMP, & expected listing price

Stock Market LIVE Updates: The basis of allotment for shares of the online food and grocery delivery platform Swiggy, as part of its IPO, is scheduled for today, Monday, November 11, 2024.

The three-day subscription window for bidding on the Swiggy IPO closed yesterday, receiving decent participation from investors.

The Rs 11,327.43 crore public offering of Swiggy, priced in a band of Rs 371-390 with a lot size of 38 shares, received bids for 57,53,07,992 shares against the 16,01,09,703 shares on offer, resulting in an oversubscription of 3.59 times by the last subscription date, according to NSE data. READ MORE

 

1:23 PM

Stock Market LIVE Updates: ACME Solar Holdings IPO allotment: Check status, GMP, likely listing price

Stock Market LIVE Updates: The basis of allotment for ACME Solar Holdings IPO shares is likley to be finalised today, Monday, November 11, 2024, after closing its public issue on November 8, 2024.

Availabe at a price band of Rs 275-289 per share, ACME Solar Holdings IPO garnered decent investor interest, with bids for 16,00,15,458 shares, surpassing the 5,82,03,223 shares on offer, resulting in an oversubscription of 2.75 times, according to NSE data. READ MORE

 

1:17 PM

Stock Market LIVE Updates: Alembic Pharmaceuticals gets USFDA nod for hypertension treatment capsules

Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic Diltiazem Hydrochloride extended-release capsules indicated for the treatment of hypertension. Read more

1:06 PM

Stock Market LIVE Updates: HFCL shares surge over 5% on securing Rs 8,100 cr projects in partnership

HFCL share price surged 5.5 per cent at Rs 132.30 per share on the BSE in Wednesday’s intraday deals. This came after HFCL along with its consortium partners emerged as the lowest bidders with multiple bids exceeding more than Rs 8,100 Crores for BharatNet Phase III Project.  Read more

1:03 PM

Stock Market LIVE Updates: 1 PM market update

At 1 PM, the BSE Sensex was up 284 points, or 0.36 per cent, at 79,770 ; while the Nifty 50 was at 24,234, up 80 points, or 0.33 per cent.

 

12:51 PM

Stock Market LIVE Updates: Juniper Hotels' Q2 loss widens to Rs 27.8 cr, from Rs 15.7 cr in year ago period

Stock Market LIVE Updates: Juniper Hotels reported revenue from operations at Rs 214.6 crore, up 27.4 per cent annually from Rs 168.5 crore in the year-ago period.

The company reported a profit before tax at Rs 19.9 crore, from a loss of Rs 27.3 crore in the year ago period.

However, the company's loss for the quarter widened to Rs 27.8 crore in Q2FY25, from Rs 15.7 crore in the year ago period.

 

12:45 PM

Stock Market LIVE Updates: Ashok Leyland up 4% after targeting Ebitda break-even for its arm in FY25

Stock Market LIVE Updates: Ashok Leyland shares advanced 3.7 per cent in trade and registered an intraday high of Rs 230.4 per share on BSE. The stock was in demand after Executive Chairman, Dheeraj Hinduja, told Business Standard that the company's financial position was "very comfortable" and it will continue to support Switch and Ohm. 

 

Switch Mobility and Ohm Global Mobility are both subsidiaries of the automobile company Ashok Leyland. READ MORE

 

12:36 PM

Stock Market LIVE Updates: China wrestles back top spot from India in MSCI Emerging Market IMI index

Stock Market LIVE Updates: China has stayed on top for two straight months in the MSCI Emerging Market Investable Market Index (MSCI EM IMI) index, after ceding the position to India in August.

 

At the end of October, China’s weight in the key EM gauge stood at 24.72 per cent, up from 21.58 per cent at the end of August. India’s weightage during this period has slipped to 20.42 per cent from 22.27 per cent. READ MORE

 

12:31 PM

Stock Market LIVE Updates: Devyani International's bottom-line slips into red with loss of Rs 4.9 crore

Stock Market LIVE Updates: KFC and Pizza Hut operator Devyani International today reported a nearly 50 per cent YoY jump in September quarter revenues at Rs 1,222.2 crore, compared to Rs 819.5 crore in the year ago quarter.

However, the company reported a loss before tax of Rs 3.9 crore in the September quarter, compared to a profit of Rs 19 crore in the year ago period.

The company's bottom line also slipped into the red, with a loss of Rs 4.9 crore, from a profit of Rs 35.8 crore in theyear ago period.

 

12:24 PM

Stock Market LIVE Updates: Here's what you need to know about China's $1.4 trillion debt package

Stock Market LIVE Updates: China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained from announcing direct economic stimulus. READ MORE