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

11:55 AM

Stock Market LIVE Updates: Sensex slips 0.5%

Stock Market LIVE Updates: Sensex was trading 0.49 per cent lower at 82,149.87 levels. 

11:52 AM

Stock Market LIVE Updates: Cochin Shipyard, HAL, GRSE gain after DAC approves 10 capital 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

11:50 AM

Stock Market LIVE Updates: KIMS shares hit lifetime high on ex-date announcement for 1:5 stock split

Stock Market LIVE Updates: Shares of Krishna Institute of Medical Sciences (KIMS) recorded their lifetime high at Rs 2564.15 per share, up 3.55 per cent on the BSE in Wednesday’s intraday deals. KIMS share price zoomed after the hospital chain on Tuesday announced that it has set September 13, 2024, as the record date for its 5-for-1 stock split. READ MORE

11:41 AM

Stock Market LIVE Updates: Baazar Style Retail IPO allotment today; check status, GMP, listing date

Stock Market LIVE Updates: The basis of allotment for Baazar Style Retail IPO shares is scheduled for today. The public issue, offered at a price band of Rs 370-389 and a lot size of 38 shares, received overwhelming interest from investors, with a subscription rate of 40.66 times by the final day, Tuesday, September 3, 2024. This was largely driven by Qualified Institutional Buyers (QIBs), who bid for a whopping 81.83 times the shares on offer. READ MORE

 

11:26 AM

Stock Market LIVE Updates: Exicom Tele-Systems drops 5% after Rare Enterprise sells 1.5 mn shares

Stock Market LIVE Updates: Shares of Exicom Tele-Systems (Exicom) fell as much as 4.98 per cent to hit an intraday low of Rs 362 per share on Wednesday, September 4, 2024. The fall in the Exicom Telecoms share price came after Late Rakesh Jhunjhunwla-backed entity Rare Enterprises offloaded 15,85,000 shares of Exicom Telecoms at Rs 348.60 per share. READ MORE

11:16 AM

Stock Market LIVE Updates: India's services sector growth surges to 5-month high in August: PMI

Stock Market LIVE Updates: India's services sector experienced its fastest growth in five months this August, driven by resilient demand and easing inflationary pressures, according to HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global. India's PMI climbed to 60.9 in August, up from July's 60.3, surpassing the preliminary estimate of 60.4. READ MORE

 

11:07 AM

Stock Market LIVE Updates: Why Sensex fell over 700 pts, Nifty slipped below 25,200 intraday today

Stock Market LIVE Updates: The Indian bourses retreated heavily on Wednesday following a similar slump in the global markets. The benchmark index BSE Sensex slipped around 722 points at 81,833 levels, while Nifty50 plummeted nearly 200 odd points or 0.77 per cent at 25,083 in intraday trade. READ MORE

 

10:57 AM

Stock Market LIVE Updates: This stock has zoomed 61% in 2 weeks as Ramesh S Damani, Promoters up stake

Stock Market LIVE Updates: NIIT share price today hit a new high of Rs 190.10 on the National Stock Exchange (NSE) on Wednesday, as it was locked in the 10-per cent upper circuit at 10:04 AM. The counter saw heavy volumes in an otherwise weak market. The Nifty 50 was down 0.6 per cent at 25,130. READ MORE

 

10:45 AM

Stock Market LIVE Updates: Asian Paints, Indigo Paints, Kansai gain up to 5% on falling oil prices

Stock Market LIVE Updates: Shares of paint companies were trading higher on Wednesday, rising up to 5 per cent on the BSE, on the back of a fall in crude oil prices. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints, such as solvents and resins. On the bourses, Asian Paints, Berger Paints India, Shalimar Paints, Kansai Nerolac Paints, Indigo Paints, and Akzo Nobel India gained in the range of 1 per cent to 5 per cent intraday today. By comparison, the BSE Sensex was down 0.64 per cent at 82,025 at 09:34 AM. READ MORE

10:40 AM

Stock Market LIVE Updates: Rama Steel Tubes inks pact with Onix Renewables

Stock Market LIVE Updates: Rama Steel Tubes Limited (RSTL) has announced a strategic collaboration with Onix Renewable Ltd. This partnership will focus on leveraging the expertise of RAMA Steel Tubes Ltd to provide steel structures along with single-axis trackers, and will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable Ltd. 

Sources BSE

10:30 AM

Stock Market LIVE Updates: HSBC India Services PMI stands at 60.9 in August 2024

Stock Market LIVE Updates:  HSBC Composite PMI Final for August 2024 remained unchanged at 60.7. HSBC Services PMI Final stood at 60.9.

 

 

10:20 AM

Stock Market LIVE Updates: Nvidia suffers record $279 billion loss in market value as Wall St drops

Stock Market LIVE Updates: Shares of AI heavyweight Nvidia tumbled 9.5 per cent on Tuesday in the deepest ever single-day decline in market value for a US company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. READ MORE

 

10:06 AM

Stock Market LIVE Updates: GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr

Stock Market LIVE Updates: General Insurance Corporation of India (GIC Re) shares were trading lower on Wednesday, September 4, 2024. The GIC Re stock slipped as much as 5.37 per cent to hit an intraday low of Rs 398.60 per share. The decline in GIC Re’s share price follows the central government’s announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore. This will mark the first stake sale since GIC Re's listing in 2017. READ MORE

10:00 AM

Stock Market LIVE Updates: ECOS Mobility lists at 17% premium on BSE, NSE

Stock Market LIVE Updates: Shares of Ecos (India) Mobility & Hospitality kicked off their journey on the bourses on a strong note amidst mixed market sentiments on Wednesday. ECOS Mobility shares listed at Rs 391.30 on the BSE, reflecting a premium of 17.15 per cent from the issue price of Rs 334. On the NSE, shares of ECOS Mobility listed at a premium of 16.76 per cent at Rs 390.

9:55 AM

Stock Market LIVE Updates: Mankind Pharma's shares gain on OTC biz transfer

Mankind Pharma has finalised a Business Transfer Agreement to transfer its over-the-counter (OTC) business to its wholly owned subsidiary, Mankind Consumer Products Private Limited (MCPPL), through a slump sale.

This transaction will see MCPPL acquire the OTC business, including various non-prescription products, as a going concern for a lump sum without specifying individual asset and liability values.