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.

12:54 PM

Stock Market LIVE Updates: Index heatmap check

Stock Market LIVE Updates: Nestle, Hindustan Unilever among top gainers on BSE. 

12:52 PM

Stock Market LIVE Updates: Nifty trading 0.05% lower

Stock Market LIVE Updates: Nifty trading 0.05 per cent lower at 25,267.10 levels.

12:51 PM

Stock Market LIVE Updates: Sensex trading marginally lower

Stock Market LIVE Updates: Sensex was trading 0.07 per cent lower at 82,506.14 levels.

12:49 PM

Stock Market LIVE Updates: World Bank follows IMF; revises India's FY25 GDP growth forecast to 7%

Stock Market LIVE Updates: The World Bank has raised its growth forecast for India's economy to 7 per cent for the current financial year (FY25), up from an earlier projection of 6.6 per cent, according to a statement released on Tuesday. This revision comes amidst expectations of stronger economic performance, driven by key factors such as private consumption and investment. READ MORE

12:41 PM

Stock Market LIVE Updates: KPI Green arm bags Letter of Intent for executing solar power projects

Stock Market LIVE Updates:  KPI Green, via an exchange filing said, "We are pleased to announce that Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy Limited, has received Letters of Intent for executing solar power projects with a cumulative capacity of 7 MW under the

‘Captive Power Producer (CPP)’ business segment of the company."

12:38 PM

Stock Market LIVE Updates: How expensive are the Indian stock markets? A quick check on PE multiples

Stock Market LIVE Updates: Propelled by liquidity, the Indian stock markets have been mostly on an upward trend in the last few months with the frontline indices, the BSE Sensex and the Nifty 50 reclaiming the 82,000 and 25,000 levels, respectively. The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up. READ MORE

12:36 PM

Stock Market LIVE Updates: Bajaj Housing Finance targets nearly $7 bn valuation through $782 mn IPO

Stock Market LIVE Updates: India's Bajaj Housing Finance is targeting a valuation of Rs 58,297 crore ($6.94 billion) through its $782 million initial public offering, a term sheet showed on Tuesday. The home loan financing unit of Bajaj Finance has set a price band of Rs 66-70 per share for the IPO, which will run from Sept. 9 to Sept. 11, the term sheet showed. READ MORE

12:34 PM

Stock Market LIVE Updates: Mankind Pharma plans Rs 9,000 crore raise for Bharat Serums acquisition

Stock Market LIVE Updates: Mankind Pharma Ltd, India's fourth-largest pharmaceutical company by market share, is set to raise over Rs 9,000 crore through a strategic mix of non-convertible debentures (NCDs) and short-term commercial paper. This significant fundraising initiative aims to support its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd (BSV), a transaction announced in late July, as reported by The Economic Times. READ MORE

12:32 PM

Stock Market LIVE Updates: 48% tax on hybrid cars, 5% on electric to continue for 'long time', says Kant

Stock Market LIVE Updates: India will continue with five per cent tax on electric cars and 48 per cent tax on hybrid cars for a "long period of time", said its G20 Sherpa Amitabh Kant on Tuesday. Major car makers such as Maruti Suzuki India and Toyota Kirloskar Motor have been asking for lowering of taxes on hybrid cars. READ MORE

12:19 PM

Stock Market LIVE Updates: Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%

Stock Market LIVE Updates: Shares of Welspun Enterprises rose as much as 4.49 per cent to hit an intraday high of Rs 596.95 per share on Tuesday, September 3, 2024. The share of Welspun Enterprises soared after the company announced that its Board is scheduled to meet on September 5 to consider and approve the proposal of raising of funds. READ MORE

12:04 PM

Stock Market LIVE Updates: Last Chance! Baazar Style IPO ends today: should you bid? Check GMP & more

Stock Market LIVE Updates: The initial public offering (IPO) of Baazar Style Retail has received a strong response from investors, with the issue being oversubscribed 6.02 times till now. Adding to the buzz, Baazar Style Retail shares are commanding a grey market premium (GMP) of Rs 65, or 16.71 per cent, at the upper end of the IPO price of Rs 389 on Tuesday. READ MORE

11:50 AM

Stock Market LIVE Updates: ICICI Bank, Zee in focus amid allegations on Sebi chief Buch; outlook here

Stock Market LIVE Updates: Shares of ICICI Bank and Zee Entertainment are likely to be on investors’ radar in the coming trading sessions, as the names of these companies have been embroiled in the controversy-cum-allegations against the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch. READ MORE

 

11:45 AM

Stock Market LIVE Updates: 'Nifty is expected to consolidate around current levels'

- The Indian stock market opened on a positive note today but soon reversed direction, slipping into the red. The Nifty is expected to consolidate around current levels, with the potential for limited upside due to aggressive Call writing across multiple strike prices. On the downside, the 25,200 level is anticipated to provide key support.

 

- The Bank Nifty remained stable, closing around the 51,500 mark for the second consecutive session. According to option data, the 51,500 Call strike has considerable open interest, suggesting it will serve as a near-term resistance level. A breakout above this resistance could trigger short covering.

 

- Moving forward, it will be crucial to monitor global market trends, given their substantial impact on our market’s initial tone. Investors are advised to exercise caution in stock selection and maintain light carry-forward positions to navigate current uncertainties effectively.

 

Views By- Shrey Jain Founder and CEO SAS Online

11:37 AM

Stock Market LIVE Updates: Shipbuilding stocks in focus; GRSE, MDL, Cochin Shipyard gain up to 7%

Stock Market LIVE Updates:  Shares of shipbuilding companies, such as Mazagon Dock Shipbuilders (MDL), Garden Reach Shipbuilders & Engineers (GRSE) and Cochin Shipyard, have surged up to 7 per cent in intra-day trades today. The rally in these stocks came after reports stated that the Defence Ministry's Defence Acquisition Council (DAC) would likely meet today (September 3, 2024) to discuss proposals of mega projects worth around Rs 1.2 trillion for approval. READ MORE

11:25 AM

Stock Market LIVE Updates: Medplus Health up 3% on stay against suspension order of Vikhroli store

Stock Market LIVE Updates: Medplus Health in focus:Shares of Medplus Health rose as much as 2.86 per cent to hit an intraday high of Rs 707.50 per share. The surge in Medplus Health shares came after the company announced that it has received a stay order against the suspension order of a store in Vikhroli, Maharashtra. READ MORE