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

12:09 PM

Stock Market LIVE Updates: DCX Systems hits 5% upper limit on Rs 460-cr order from Lockheed Martin

Stock Market LIVE Updates: DCX Systems shares were buzzing in trade on Monday, November 11, as the scrip hit 5 per cent upper circuit at Rs 356 per share.

 

The uptick in DCX Systems share price came after the company announced that it has received export orders from Lockheed Martin Global Inc, USA for Rs 460.30 crore (or about 54,798,120). READ MORE

 

12:01 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, after a lower open, were trading with gains amid mixed global cues. 

At 12 PM, the BSE Sensex was up 467.77 points, or 0.59 per cent, at 79,954; while the Nifty 50 was at 24,286, up 137.85 points, or 0.57 per cent.

 

11:55 AM

Stock Market LIVE Updates: Bhavish Aggarwal's Ola Electric shares drop over 12% in one week; details

Stock Market LIVE Updates: Shares of Ola Electric Mobility slipped 3 per cent to hit an intraday low of Rs 70.54 per share, while declining 7.1 per cent from its initial public offering’s issue price of Rs 76. The company listed on the Indian bourses, BSE, and NSE on August 9, 2024.

 

Today’s drop in the stock price came after the company reported a continuing net loss in its second quarter earnings for the financial year 2024-25 (Q2FY25). READ MORE

 

11:43 AM

Stock Market LIVE Updates: ITI bags 3 packages of BharatNet project with total value of Rs 4,559 crore

Stock Market LIVE Updates: ITI Limited informed on Sunday that the company, along with its consortium partner, has emerged as the Lowest Bidder (L1) for three packages of BharatNet Phase-3 project. 

The company, in an exchange filing, said, "ITI Limited, with its consortium partner has emerged as the Lowest Bidder (L1) for Package No. 15 of BharatNet Phase-3 Project Project comprising Arunachal Pradesh, Nagaland and Manipur states with an order value of Rs. 1,537 Crores. ITI Limited also emerged as L1 (on November 7, 2024) for Package No. 8 in the state of Himachal Pradesh, and for Package No. 9 in West Bengal, & Andaman and Nicobar Islands with an order value to Rs. 3022 Crores." 
 

With this, ITI Limited has emerged as L1 for three Packages (8,9, & 15) taking the total order value to Rs. 4,559 crore.

11:42 AM

Stock Market LIVE Updates: Naukari.com parent Info Edge climbs 5% in trade; What boosting the rally?

Stock Market LIVE Updates: Info Edge (India), parent company of Naukari.com, shares gained 5.4 per cent on Monday (November 11) and registered an intraday high of Rs 7,964.25 per share on BSE. The buying in the stock came after the company reported Q2 results and declared an interim dividend.

Around 10:47 AM, Info Edge shares were up 5.37 per cent at Rs 8073.25 per share on BSE. In comparison, the BSE Sensex was up 0.52 per cent at 79,903.07. READ MORE

 

 

11:30 AM

Stock Market LIVE Updates: Tata Motors recovers 5% from day's low as analysts eye valuation comfort

Stock Market LIVE Updates: Automobile behemoth Tata Motors fell up to 1.73 per cent to hit an intraday low of Rs 791.70 per share on Monday, November 11, 2024. However, Tata Motors’ share recouped losses and rose 4.98 per cent from day’s lows to hit an intraday high of Rs 831.20 per share. 

The recovery in the Tata Motors share price despite weak Q2 results, analysts believe, is due to valuation comfort. READ MORE

 

11:18 AM

Stock Market LIVE Updates: Asian Paints stock tanks 9%, hits over 3-year low on weak Q2 numbers

Stock Market LIVE Updates: Shares of Asian Paints hit an over three-year low of Rs 2,511.65, as they tanked 9 per cent on the BSE in Monday’s intra-day trade after reporting a weak set of numbers for the second quarter ended September 2024 (Q2FY25). 

 

The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) margin declined to 15.5 per cent from 20.3 per cent in the corresponding period of the previous year. READ MORE

 

11:08 AM

Stock Market LIVE Updates: Shipping Corporation rise 12% on reporting multi-fold jump in PAT in Q2FY25

Stock Market LIVE Updates: Shipping Corporation of India shares advanced 11.9 per cent on Monday (November 11) and logged an intraday high at Rs 232 per share on BSE. The buying interest in the stock came after the company reported strong Q2FY25 results.

 

Around 9:20 AM, Shipping Corporation of India's share price was up 7.44 per cent at Rs 228.2 per share on BSE. In comparison, the BSE Sensex was down 0.43 per cent at 79,146.65. READ MORE

 

 

11:05 AM

Stock Market LIVE Updates: Zomato denies CCI antitrust violations, says media report 'misleading'

Stock Market LIVE Updates: Following media reports indicating an antitrust investigation by the Competition Commission of India (CCI) into its business practices, Zomato addressed the claims on Sunday (November 11), calling them “misleading”.

 

In a statement to the BSE, Zomato clarified that while the CCI had initiated a preliminary inquiry back in April 2022, no final findings or orders had been issued against the company. READ MORE

 

11:02 AM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, after a lower open, were trading higher amid mixed global cues. 

At 11 AM, the BSE Sensex was up 400.77 points, or 0.50 per cent, at 79,887; while the Nifty 50 was at 24,254, up 106.65 points, or 0.44 per cent.

 

10:57 AM

Stock Market LIVE Updates: Alembic Pharma gets US FDA final approval for hypertension drug Diltiazem

Stock Market LIVE Updates: Alembic Pharmaceuticals today announced that it has received Final Approval from the US Food & Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Diltiazem Hydrochloride Extended-Release Capsules USP, 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg. 

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Cardizem CD Extended-Release Capsules, 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg, of Bausch Health US, LLC. 

Diltiazem Hydrochloride Extended-Release Capsules USP are indicated for the treatment of hypertension. Diltiazem hydrochloride may be used alone or in combination with other anti-hypertensive medications. It is also indicated for the management of chronic stable angina and angina due to coronary artery spasm. 

The company, in an exchange filing, said, "Diltiazem Hydrochloride Extended-Release Capsules USP, 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg have an estimated market size of US$105.3 million for twelve months ending June 2024 according to IQVIA."
 

Alembic has a cumulative total of 218 ANDA approvals (191 final approvals and 27 tentative approvals) from US FDA. 

10:50 AM

Stock Market LIVE Updates: Tata Motors recovers 5% from day's low as investors eye valuation comfort

Stock Market LIVE Updates: Automobile behemoth Tata Motors fell up to 1.73 per cent to hit an intraday low of Rs 791.70 per share on Monday, November 11, 2024. However, Tata Motors’ share recouped losses and rose 4.98 per cent from day’s lows to hit an intraday high of Rs 831.20 per share.

 

The recovery in the Tata Motors share price despite weak Q2 results, analysts believe, is due to valuation comfort. READ MORE

 

10:43 AM

Stock Market LIVE Updates: Louis Kuijs, S&P Global Ratings, on China stimulus measures

Stock Market LIVE Updates: We are unlikely to upgrade our forecasts for China; Its going to be a downgrade. 

In the case of China, the pressure is downwards.

In the case of the US, we are also likely to downgrade our forecasts.

So, with two engines of the global economy facing a downgrade, it'd be hard to see the global picture improving.

 

10:37 AM

Stock Market LIVE Updates: Hui Shan of Goldman Sachs on China's stimulus mearures

Stock Market LIVE Updates: Hui Shan: For China, the forecast before US election was 4.7 per cent growth next year. 

In the event of a second Trump presidency, and 20 per cent tariffs on Chinese goods would increase the risks significantly. 

THe impact of a 20 per cent tariff rate on Chinese growth would be around 70 bps, so China growth would come in at 4 per cent. 

But we are expecting currency depreciation and the stimulus measures to offset some of the downside risks, bringing Chinese growth close to 4.5 per cent.

10:32 AM

Stock Market LIVE Updates: Louis Kuijs, S&P Global Ratings, on China stimulus measures

Stock Market LIVE Updates: Overall, its unlikely to revise upwards China or US growth, but there are some other parts in Asia, where the domestic demand is still quite healty, despite international challenges.