Stock Market Highlights, Aug 30: Benchmarks log record close; Sensex tops 82,350, Nifty near 25,250

Stock Market highlights: The Sensex, and Nifty50 ended at record high closing levels ahead of the Q1 FY25 GDP data to be released today

10:44 AM

Stock Market Live Updates: GMP zooms 33%! Should you bid for Baazar Style Retail IPO on opening day?

Stock Market Live Updates: The initial public offering of Baazar Style Retail opens for public subscription today.

The Baazar Style Retail IPO is a book-built issue of Rs 834.68 crore, comprising a fresh issue of 3,804,627 shares and an offer for sale, with promoters and investors offloading 17,652,320 shares with a face value of Rs 5 each. READ MORE

 

10:33 AM

Stock Market Live Updates: Sugar stocks rally up to 13% as Govt lifts diversion cap for ethanol production

Stock Market Live Updates: Shares of sugar companies have rallied by up to 13 per cent on the BSE in Friday’s intraday deals after the government removed the cap on sugar diversion for ethanol production for ESY (Ethanol Supply Year - December to November) 2024-25. READ MORE

 

10:19 AM

Stock Market Live Updates: Market buoyancy significantly boosts success rate of firms launching IPOs

Stock Market Live Updates: The current market buoyancy has sizeably boosted the success rate of companies launching initial public offerings (IPOs). In a remarkable shift, only 10 companies have failed to launch their maiden offerings after securing regulatory approvals. In comparison, 39 companies let their approvals lapse last calendar year, and 30 did so in 2022. READ MORE

10:03 AM

Stock Market Live Updates: 10 AM market update

Stock Market Live Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher after opening at record high levels on Friday. 

The BSE Sensex was at 82,416, up 282.21 points, or 0.34 per cent, while the Nifty 50 was at 25,232, up by 80.65 points, or 0.32 per cent.

9:59 AM

Stock Market Live Updates: SpiceJet stock slips 6% after DGCA puts co under 'enhanced surveillance'

Stock Market Live Updates: Domestic carrier SpiceJet shares fell sharply on Friday, August 30, 2024. The stock fell as much as 6.37 per cent to hit an intraday low of Rs 62.01 per share on BSE. 
 

SpiceJet's share price dropped following the decision by the aviation watchdog Directorate General of Civil Aviation (DGCA) to place the airline under ‘enhanced surveillance.’ This measure, announced on Thursday, includes more frequent spot checks and night surveillance to ensure the safety of SpiceJet’s operations. READ MORE

 

9:52 AM

Stock Market Live Updates: Infosys Foundation USA opens Tech Innovation Lab in North America

Stock Market Live Updates: Infosys Foundation USA, a non-profit organization, today announced the launch of the Tech Innovation Lab at Discovery Place Science in Charlotte, North Carolina. 

The lab serves as a space for deep learning and exploration through the Infosys Springboard next-generation digital learning platforms offering of over 11,000 free courses.

9:47 AM

Stock Market Live Updates: Garden Reach Shipbuilders signs MoU with NHIDCL for supply of modular steel bridges

Stock Market Live Updates: Garden Reach Shipbuilders & Engineers (GRSE)today announced that it has signed a deal with the National Highway Infrastructure Development Corporation Ltd. (NHIDCL) for the fabrication, supply and launching of Double-Lane Class 70 modular steel & Bailey bridges. 

The MoU entails the construction and delivery of Class 70R double lane bridges, designed exclusively by GRSE.

 

9:41 AM

Stock Market Live Updates: Sugar co stocks climb upto 9% after govt allows ethanol production from November

Stock Market Live Updates: Stocks of sugar manufacturing companies, such as Ugar Sugar Works, Mawana Sugars, Vishwaraj Sugar, Dhampr Bio Organics, and Simbhaoli Sugars, climbed up to 9% in early trades on Friday, August 30.

9:35 AM

Stock Market Live Updates: Expleo Solutions up 2.5% after company appoints Phani Tangirala as MD and CEO

Stock Market Live Updates: At the Annual General Meeting of the company, its shareholders approved the appointment of Shalini Kalsi Kamath as an Independent Director, for a period of five years, effective from June 14, 2024.

Phani Tangirala has been appointed as Director of the company for three years, effective August 1, 2024. Tangirala has also been appointed as the MD and CEO of the company.

 

9:31 AM

Stock Market Live Updates: Rallis India shares up more than 2% after Bhaskar Bhat leaves Chiarman role

Stock Market Live Updates: The company announced that Bhaskar Bhat, serving as the Director and Chairman of the company, has vacated his position effective from August 30.

 

9:25 AM

Stock Market Live Updates: ITI shares up 3% after company bags its first EVM contract

Stock Market Live Updates: The telecom equipment manufacturing company has secured an order to supply 500 sets of electronic voting machines (EVM) from the State Election Commission of West Bengal. This is the first order for EVMs for the company.

 

9:24 AM

Stock Market LIVE Updates: Broader markets gain

Stock Market LIVE Updates: Nifty MidCap up nearly 0.40 per cent.

9:24 AM

Stock Market Live Updates: SpiceJet down 4% after DCGA puts is on 'enhanced surveillance'

Stock Market Live Updates: Aviation regulator Directorate General of Civil Aviation (DGCA) has placed the budget carrier under 'enhanced surveillance' with immediate effect.

This entails an increase in the number of spot checks and night surveillance to ensure the safety of operations. DGCA conducted a special audit of SpiceJet's engineering facilities in August.

 

9:23 AM

Stock Market LIVE Updates: Barring IT, all sectors trade in green

Stock Market LIVE Updates: Nifty IT drops 0.25 per cent.

9:21 AM

Stock Market LIVE Updates: Index heatmap check

Stock Market LIVE Updates: Bajaj Twins, LT, HDFC Bank among top gainers.