Stock Market Highlights, Sept 04: Sensex sheds 203 points, Nifty ends below 25,200; Banks, IT drag

Stock Market Highlights: 31 out of 50 constituent stocks of Nifty50 ended lower, dragged by Wipro, Coal India, ONGC, Hindalco, and LTIMindtree

2:02 PM

Stock Market LIVE Updates: 2 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading in the red after opening significantly lower on Wednesday. 

At 2:00 PM, the BSE Sensex was down 275 points, or 0.33 per cent lower, at 82,279, while the Nifty 50 was at 25,177, down 101 points, or 0.4 per cent lower.   

1:55 PM

Stock Market LIVE Updates: Upcoming IPO alert: DAM Capital Advisors files DRHP with Sebi; details

Stock Market LIVE Updates: Upcoming IPO -  DAM Capital Advisors, one of the leading investment banks in India, is all set to launch its Initial Public Offering (IPO). 

The company has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise funds through the process. 

DAM Capital Advisors, in a press release, has announced that its initial public offering comprises an offer for sale of up to 3.206 crore shares of the company. READ MORE

1:46 PM

Stock Market LIVE Updates: Minda Corp inks Technology Licensing Agreement with Sanco; stock up 2.6%

Stock Market LIVE Updates: Minda Corporation shares rose 2.6 per cent and touched an intraday high of Rs 589 on BSE in Wednesday's trade. The stock gained after the company signed a Technology Licensing Agreement with China-based auto equipment manufacturer Sanco.

As of 1 PM, shares of Minda Corp were up 0.31 per cent or Rs 1.75 at Rs 572.6 per share. The market capitalisation of the company at around the same time stood at Rs 13,689.69 crore. READ MORE
 

 

1:36 PM

Stock Market LIVE Updates: Godfrey Phillips shares slip 5% on 24Seven retail business sale report

Stock Market LIVE Updates: Shares of cigarette maker Godfrey Phillips fell as much as 4.81 per cent to hit an intraday low of Rs 6,291.60 per share on Wednesday, September 4, 2024.
 

However, at 1:22 PM, the share was trading 3.18 percent lower at Rs 6,399.30 per share. In comparison, the BSE Sensex was down 0.28 per cent at 82,327.03 levels. READ MORE

1:26 PM

Stock Market LIVE Updates: Airtel boosts 4G/5G network in Rajasthan after deploying additional spectrum

Stock Market LIVE Updates: Bharti Airtel subsidiary Bharti Hexacom today announced that it has completed the deployment of the additional spectrum, in Rajasthan, which it had acquired in July 2024. 

The deployment of additional 5MHz on the 1800 band and additional 4Mhz on the 900 band will give a boost to Airtel’s 5G/4G network capacities which, in turn, will improve and enhance data speeds and provide significantly better coverage inside homes and buildings both in urban and rural areas in the state, the company said in an exchange filing.

1:14 PM

Stock Market LIVE Updates: Analysts bullish on defence stocks as DAC okays Rs 1.4-trn acquisition

Stock Market LIVE Updates: Defence stocks traded in the positive territory on Wednesday, September 4, defying the overall weakness in the market. 

On BSE, Cochin Shipyard, Mazagon Dock Shipbuilders, Paras Defence, and Space Technologies, Hindustan Aeronautics (HAL), Garden Reach Shipbuilders, and Mishra Dhatu Nigam gained between 0.27 per cent and 3.32 per cent in intraday deals. READ MORE

1:03 PM

Stock Market LIVE Updates: 1 PM market update

Stock Market LIVE Updates: Off from their intra-day lows, Indian equity benchmark indices BSE Sensex and Nifty 50 continued to trade in the red, dragged down by a wider sell-off in global markets. 

Around 1:00 PM, The BSE Sensex was down 396 points, or 0.48 per cent, at 82,158, while the Nifty 50 was at 25,134, down 145 points, or 0.57 per cent. 

12:52 PM

Stock Market LIVE Updates: IPO market booms in August, Rs 17,047 cr raised across 10 major listings

Stock Market LIVE Updates: In a significant boost to the Indian primary markets, August witnessed a sharp surge in initial public offering (IPO) activity, reaching its highest level in over two years.

A total of 10 companies successfully raised a cumulative Rs 17,047 crore, marking the largest monthly fundraising since May 2022, according to a report by Moneycontrol. READ MORE

 

12:41 PM

Stock Market LIVE Updates: Here's why Rama Steel Tubes shares rallied 14% on September 4; details here

Stock Market LIVE Updates: Rama Steel Tubes shares zoomed as much as 13.68 per cent to hit an intraday high of Rs 11.96 per share on Wednesday, September 4, 2024. READ MORE

 

 

12:27 PM

Stock Market LIVE Updates: Mankind Pharma shares gain after OTC biz transfer to subsidiary; details

Stock Market LIVE Updates: Mankind Pharma’s stock price gained up to 2.41 per cent at Rs 2451.95 per share on the BSE in Wednesday’s intraday deals.

Mankind Pharma share price surged after the company on Tuesday completed a business transfer agreement (BTA) to shift its over-the-counter (OTC) business to its wholly owned subsidiary, Mankind Consumer Products Private Limited (MCPPL), via a slump sale. READ MORE

 

12:12 PM

Stock Market LIVE Updates: Gala Precision IPO GMP soars on last bidding day; should you apply today?

Stock Market LIVE Updates: The initial public offering (IPO) of Gala Precision Engineering continues to garner a favourable response from investors, with the issue being oversubscribed 76.61 times so far, led by Non-Institutional Investors (NIIs) who bid for a whopping 208.09 times. The Qualified Institutional Buyer (QIB) category recorded a 5.24 times subscription, while the retail category has been subscribed 60.56 times till 11:27 AM on Wendesday, as per the NSE data. READ MORE

12:10 PM

Stock Market LIVE Updates: Star Health in focus

Stock Market LIVE Updates: Star Health Insurance rolled out India's first insurance policy in Braille.

Source: BSE

12:09 PM

Stock Market LIVE Updates: This Dolly Khanna-owned stock has zoomed 263% in 3 month; stock at new high

Stock Market LIVE Updates: Shares of Pondy Oxides and Chemicals (POCL) hit a new high of Rs 2,173.90 and froze at 10 per cent upper circuit on the BSE on Wednesday at 11:09 AM, in an otherwise weak market. The stock of India’s leading recycling and manufacturing company is trading higher for the fourth straight day, surging 22 per cent during the period. In the past three weeks, the company's stock has rallied 60 per cent, while the market price of POCL has zoomed 263 per cent in the past three months. READ MORE

 

12:04 PM

Stock Market LIVE Updates: ICICI Securities raises Signature Global target price, sees 35% upside

Stock Market LIVE Updates: Domestic brokerage ICICI Securities has raised its target price for real estate developer Signature Global to Rs 1,905 per share, up from the previous target of Rs 1,707, reflecting a potential upside of 35 per cent. READ MORE

11:57 AM

Stock Market LIVE Updates: Nifty50 slips over 0.5%

Stock Market LIVE Updates: Nifty50 was trading 0.6 per cent lower at 25,127.55 levels.