Stock Market Highlights, Oct 01: Sensex ends flat, Nifty below 25,800; Smallcap shares shine

Stock Market Today: Indian benchmark indices, BSE Sensex and Nifty 50 settled flat on Tuesday

8:53 AM

Stock Market LIVE Updates: Core sector contracts 1.8% in a first in 42 months, shows govt data

Stock Market LIVE Updates: For the first time in 42 months, the output of India’s eight key infrastructure sectors saw a 1.8 per cent year-on-year (Y-o-Y) contraction in August, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday showed.

The contraction can be attributed to a high base as well as monsoon impacting industrial activity. The growth in the output was 6.1 per cent in July 2024 and 13.4 per cent in August 2023. READ MORE

8:52 AM

Stock Market LIVE Updates: "FII selling to be absorbed by DII buying, hence unlikely to do serious damage"

Stock Market LIVE Updates: "The unusual volatility in stock markets is reflected in the 8 per cent spike in Shanghai Composite Index and the 4.8 per cent crash in Nikkei index yesterday. This extreme volatility is likely to stabilise soon.

The hoped-for-recovery in the Chinese economy has triggered massive fund flows into Chinese stocks. This has delivered 20 per cent returns in Shanghai composite in the last five days and 19.45 per cent return in Hang Seng in the last one month. This momentum is attracting FIIs; but it remains to be seen how long this tactical trade will last.

FII selling is likely to be absorbed by DII buying and, therefore, it is unlikely to do serious long-term damage to the market. Since a significant part of FII holding is in banking stocks, this segment may continue to face downward pressure. This will provide opportunities for long-term investors to buy the frontline banking stocks. This segment is attractively valued and the sector is doing well. The worsening geopolitical situation in West Asia is becoming an area of concern."

Views by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:44 AM

Stock Market LIVE Updates: Stock Market Holiday - BSE, NSE to remain closed on October 2; key updates

Stock Market LIVE Updates: Indian bourses – National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) – will remain closed on Wednesday, October 2, 2024, in observance of Gandhi Jayanti.

 

This national holiday celebrates the birth of Mohandas Karamchand Gandhi, a pivotal figure known for India’s independence, coupled with his principles of nonviolence and civil disobedience. READ MORE

8:43 AM

Stock Market LIVE Updates: Zen Tech secures annual maintenance contract worth Rs 46 cr from defence ministry

Stock Market LIVE Updates: Zen Technologies today informed that it has signed an Annual Maintenance Contract (AMC) worth Rs 46 crore (inclusive of 18% GST) for simulators with the Ministry of Defence. 

The company, in an exchange filing, said "The contract, effective for a period of five years, ensures the continued maintenance of simulators designed and developed by Zen."

 

8:40 AM

Stock Market LIVE Updates: Mahindra & Mahindra passenger vehicle sales jump 24% YoY in September

Stock Market LIVE Updates: Mahindra & Mahindra today informed that its passenger vehicle sales increased 24 per cent year-on-year in September to 51,062 units, compared to 41,267 units in the previous year.

Meanwhile, commercial vehicle sales for September, excluding three-wheelers, came in at 23,706, down 1.21 per cent from 23,997 units sold in the year-ago period.

 

8:36 AM

Stock Market LIVE Updates: Hyundai to Swiggy: Sebi nod for IPOs paves way for bumper festival season

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has given green light to several mega initial public offerings (IPOs) last week, paving the way for bumper launches during the ongoing festival season.

  

According to the update on Sebi’s website, Hyundai Motor India, which will be the country’s largest IPO of nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24. READ MORE

8:26 AM

Stock Market LIVE Updates: Markets log biggest fall in 2 months; Sensex ends 1,272 points lower

Stock Market LIVE Updates: Benchmark indices posted their biggest single-day fall in nearly two months as a slew of global headwinds triggered a major selloff by foreign portfolio investors (FPIs).

 

A sharp resurgence in China’s markets raised concerns about a shift in foreign flows from India, where valuations are nearly double those of other emerging markets. READ MORE

8:25 AM

Stock Market LIVE Updates: ATF price cut by 6%; at lowest level since April 2024

Stock Market LIVE Updates: The price of ATF in Delhi was cut by 6 per ent to Rs 87,597 per kg, from the earlier Rs 93,480.

8:23 AM

Stock Market LIVE Updates: Oil marketing companies increase cylinder prices for 3rd month in a row

Stock Market LIVE Updates: OMCs increased the price of a 19-kg LPG cylinder by Rs 48.50

Now, a 19 kg LPG cylinder will cost Rs 1,740, from the earlier Rs 1,691.50, in Delhi

Prices have been increased for the third straight month, up Rs 94 during this period

8:19 AM

Stock Market LIVE Updates: Sebi likely to maintain status quo on largecap stock pool expansion

Stock Market LIVE Updates: The largecap and midcap universe of mutual funds (MFs) is unlikely to expand soon, even as the market capitalisation (mcap) of stocks across various categories continues to grow, according to sources.

 

Earlier this year, Business Standard reported that the Securities and Exchange Board of India (Sebi) was reviewing the stock categorisation framework that ensures actively-managed equity MFs are true to label. READ MORE

8:17 AM

Stock Market LIVE Updates: Sebi board gives approval for new asset class, MF Lite regulations

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Monday approved the introduction of a new asset class, designed to offer greater flexibility to fund managers and target investors with a higher risk appetite.

The markets regulator also cleared the liberalised Mutual Funds Lite (MF Lite) framework, aimed at fund houses that solely launch passively managed schemes. READ MORE

8:16 AM

Stock Market LIVE Updates: No stopping the bulls: Sensex, Nifty record sixth straight quarterly gains

Stock Market LIVE Updates: Equity benchmark indices Sensex and the Nifty managed to log gains of around 7 per cent for the quarter ended September 2024, despite recording their worst single-day fall in two months on Monday.

 

This was the sixth straight quarterly gain for the domestic equity markets, the longest gaining streak in three years. READ MORE

8:15 AM

Stock Market LIVE Updates: Stocks to Watch - Airtel, Blue Dart, Indian Oil, Bajaj Auto, Tata Power

Stock Market LIVE Updates: Bharti Airtel has prepaid Rs 8,465 crore to the government for spectrum acquired in 2016, which carried an interest rate of 9.3 per cent. READ MORE

8:13 AM

Stock Market LIVE Updates: Nifty Bank, Fin Svcs nearing correction; should you accumulate the dips?

Stock Market LIVE Updates: The Nifty Bank Index is currently trading at 52,989.70, and the near-term trend appears to be down. However, this correction should be viewed as a healthy pullback within an overall bullish structure. The short-term trend remains bullish, and the current downward movement provides a potential opportunity for fresh buying at lower levels. READ MORE

8:12 AM

Stock Market LIVE Updates: Share Market Today: Sebi Bd meet outcome, Israel War, Powell on rate cuts

Stock Market LIVE Updates: For the first time in 42 months, the output of India’s eight key infrastructure sectors saw a 1.8 per cent year-on-year (Y-o-Y) contraction in August, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday showed. READ MORE