Stock Market Highlights, Sept 03: Nifty closes nearly flat, Sensex in red; broader markets gain

Stock Market Highlights: The NSE Nifty 50 index has rallied 4.7 per cent or 1,140 points in the last 14 straight trading sessions.

2:25 PM

Stock Market LIVE Updates: Best Agro arm bags Anti Fungicide patent for 20 years

Stock Market LIVE Updates: Best Agro, via an exchange filing, siad “We are pleased to inform you that Seedlings India Private Limited, a wholly owned subsidiary of the Company has been granted a patent by the Indian Patent Office-Government of India for an invention entitled “Synergistic Pesticidal Composition Comprising Pymetrozine, Isoprothiolane and Strobilurin Fungicide” for the term of 20 years commencing from December 13, 2021 in accordance with the provisions of the Patents Act, 1970.” 

2:14 PM

Stock Market LIVE Updates: Anti-dumping probe into canola imports as Canada imposes EV tariff, says China

Stock Market LIVE Updates: China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. READ MORE 

2:00 PM

Stock Market LIVE Updates: India business booming despite Western sanctions, says Russia's Sberbank

Stock Market LIVE Updates: Russia's trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia's largest lender, Sberbank, told Reuters. READ MORE

 

1:50 PM

Stock Market LIVE Updates: Mankind up 3% after co looks to raise Rs 9,000 cr for Bharat Serums deal

Stock Market LIVE Updates: Mankind Pharma shares advanced 3.1 per cent and logged an intraday high of Rs 2,468.35 on the BSE, after reports indicated that the company is looking to raise Rs 9,000 crore to acquire Bharat Serums and Vaccines. The company had earlier said that the transaction will be funded by internal accruals, loans and stock. READ MORE

1:42 PM

Stock Market LIVE Updates: NaBFID planning to disburse $17 bn in loans to finance projects, says top executive

Stock Market LIVE Updates: India’s National Bank for Financing Infrastructure and Development (NaBFID) is planning to disburse $17 billion in local currency loans this year and next to finance various long term projects, a top executive said. READ MORE

1:32 PM

Stock Market LIVE Updates: RK Forgings up 6%, hits new high on investment in aluminium forging project

Stock Market LIVE Updates: Shares of Ramkrishna Forgings (RK Forgings) hit a record high of Rs 1,010.60 per share, as they rallied 6 per cent on the BSE in Tuesday’s intra-day trade in otherwise a subdued market after the company said it has received board approval for setting up an aluminium forging facility at Jamshedpur. READ MORE

1:22 PM

Stock Market LIVE Updates: Bajaj Housing Finance IPO buzz: GMP leapfrogs 80%; 5 key takeaways from RHP

Stock Market LIVE Updates: India's second-largest housing finance company, Bajaj Housing Finance, a wholly owned subsidiary of Bajaj Finance, has filed its Red Herring Prospectus (RHP) for an Initial Public Offering (IPO) to raise nearly Rs 6,650 crore. This would be among one of the largest IPOs of the year, along with Ola Electric Mobility, and Bharti Hexacom, which have already made their debuts on the bourses. READ MORE

1:20 PM

Stock Market LIVE Updates: Defence Ministry to approve major Navy, Army projects worth over Rs 1 trn

Stock Market LIVE Updates: In a major boost for the Indian armed forces, the Defence Ministry is preparing to launch several significant projects, including the construction of seven advanced frigates for the Indian Navy and a proposal by the Indian Army to replace its T-72 tanks with modern Future Ready Combat Vehicles (FRCVs). READ MORE

 

1:20 PM

Stock Market LIVE Updates: Max graft complaints in 2023 against rail, local bodies, banks, CVC report finds

Stock Market LIVE Updates: Of the total corruption complaints received by the Central Vigilance Commission last year, the highest number of plaints was against railway employees, followed by those in Delhi's local bodies and public sector banks, a report by the anti-graft watchdog showed. As many as 74,203 graft complaints were received against all categories of officers/employees in 2023, of which 66,373 were disposed of and 7,830 were pending, it said. READ MORE

1:12 PM

Stock Market LIVE Updates: Benchmarks turn flat

Stock Market LIVE Updates: Both Sensex and Nifty50 were trading flat.

1:09 PM

Stock Market LIVE Updates: Travel industry to contribute record $11 trillion to global GDP in 2024

Stock Market LIVE Updates: A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organisation. The travel and tourism industry's contribution to global gross domestic product is expected to reach new heights as consumers increasingly see travel as an essential part of their budgets. READ MORE

1:06 PM

Stock Market LIVE Updates: Rising incomes may propel household asset growth, says RBI's Michael Patra

Stock Market LIVE Updates: With rising incomes, households are expected to rebuild their financial assets, said Michael Debabrata Patra, Deputy Governor of the Reserve Bank of India, on Tuesday. He noted that the rebuilding process has already begun, with household savings increasing from an average of 10.6 per cent between 2011 and 2017 to 11.5 per cent during 2017-2023, excluding the pandemic year. READ MORE

1:05 PM

Stock Market LIVE Updates: 'Go for gold' as China weighs on other commodities, says Goldman Sachs

Stock Market LIVE Updates: Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a "more selective, less constructive" view of other commodities. READ MORE

 

12:57 PM

Stock Market LIVE Updates: This brokerage's stock price has zoomed 53% in 3 weeks

Stock Market LIVE Updates: Shares of brokerage firm Geojit Financial Services hit a record high of Rs 154.60, surging 14 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes. The market price of the stock brokerage and allied services company are trading higher for the third straight day, having rallied 20 per cent during the period. READ MORE

12:56 PM

Stock Market LIVE Updates: Broader markets continue to rise

Stock Market LIVE Updates: Broader markets gain; Nifty MidCap, SmallCap up over 0.5 per cent each.