Stock Market Highlights: Sensex dips 420 pts, Nifty ends below 23,350; Adani, PSU bank shares tank

Stock Market Highlights: 37 of the Nifty50's 50 constituent stocks ended in the red, dragged by Adani Enterprises, Adani Ports, SBI Life, SBI, and NTPC, with losses of up to 23.44 per cent

2:14 PM

Stock Market LIVE Updates: 'Baseless': Adani Group denies US SEC $265 million bribery allegations

Stock Market LIVE Updates: The Adani Group has strongly rejected recent allegations made by the United States Securities and Exchange Commission (SEC) and the US Department of Justice, following charges of fraud and bribery involving several key figures from the conglomerate. In a statement, the group described the allegations as “baseless and denied.”

 

A spokesperson for the group emphasised that the charges were merely allegations, stating that the US Department of Justice has acknowledged that “the defendants are presumed innocent unless and until proven guilty.” READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 2 PM, the BSE Sensex was at 77,130, down 448 points, or 0.58 per cent, while the Nifty 50 was at 23,337, down 170 points, or 0.73 per cent.

1:55 PM

Stock Market LIVE Updates: This microcap stock jumped 11% to 52-week high ahead of ex-dividend date

Stock Market LIVE Updates: Shares of textile company Premco Global climbed 10.89 per cent to hit a 52-week high of Rs 637 on the BSE during intra-day trade on Thursday.  The uptick in the stock price follows the company's announcement of a special dividend reward for its shareholders. Notably, the company's stock will trade ex-dividend date tomorrow, November 22, 2024. READ MORE

 

1:55 PM

Stock Market LIVE Updates: What is the US SEC and its Indian counterpart Sebi in market regulation?

Stock Market LIVE Updates: Adani Group Chairman Gautam Adani has been charged by the US over an alleged $265 million bribery and fraud scheme. US prosecutors claim Adani, his nephew Sagar Adani, and six others bribed Indian government officials to secure solar energy supply contracts, yielding $2 billion in profits over 20 years. READ MORE

1:54 PM

Stock Market LIVE Updates: 'Baseless': Adani Group denies US SEC $265 million bribery allegations

Stock Market LIVE Updates: The Adani Group has strongly rejected recent allegations made by the United States Securities and Exchange Commission (SEC) and the US Department of Justice, following charges of fraud and bribery involving several key figures from the conglomerate. In a statement, the group described the allegations as “baseless and denied.” READ MORE

 

1:48 PM

Stock Market LIVE Updates: Here's why Zaggle Prepaid shares were locked in 5% upper circuit today

Stock Market LIVE Updates: Zaggle Prepaid Ocean Services (Zaggle) shares soared as much as 5 per cent to hit the upper circuit at Rs 461.20 per share on Thursday, November 21, 2024. The Zaggle share price rose after the company announced that it has entered into an Supplier Framework Agreement with Strada India Private Limited. READ MORE

1:38 PM

Stock Market LIVE Updates: Reserve Bank defends forex policy as India attempts to avert global risks

Stock Market LIVE Updates: India is trying to keep its currency stable to ensure the economy is insulated from global spillovers and financial stability risks, according to the nation’s central bank. The level of the rupee is determined by demand and supply in the market, which is reflective of the macro fundamentals of the economy, Reserve Bank of India officials including Deputy Governor Michael Patra wrote in their monthly bulletin Wednesday. READ MORE

1:31 PM

Stock Market LIVE Updates: SEC charges Adani in $265 mn bribery scandal: Here are the key allegations

Stock Market LIVE Updates: Billionaire industrialist Gautam Adani, along with his nephew Sagar Adani and six other defendants, has been charged by the United States Securities and Exchange Commission (SEC) in an alleged bribery and fraud scheme worth millions of dollars. READ MORE

1:25 PM

Stock Market LIVE Updates: Power Grid shares zoom on securing power transmission project in Gujarat

Stock Market LIVE Updates: Shares of Power Grid Corporation India gained up to 2.58 per cent at Rs 323.20 a piece on the BSE in Thursday’s intraday deals after the company was selected as the successful bidder for acquiring Khavda V-A Power Transmission Ltd, a special purpose vehicle (SPV) to establish a transmission system for evacuating power from a renewable energy zone in the Khavda area of Gujarat for Rs 18.95 crore.  READ MORE

1:19 PM

Stock Market LIVE Updates: Indian stocks to stay flat 3 months as earnings, valuations weigh: Goldman

Stock Market LIVE Updates: Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said.

 

The Wall Street brokerage, which remains tactically "marketweight" on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next three months, implying a gain of a little under 3 per cent from current levels. READ MORE

 

 

1:08 PM

Stock Market LIVE Updates: This PSU metal stock has zoomed 170% in one year; trades at new high

Stock Market LIVE Updates: Shares of National Aluminium Company (NALCO) continued their upward movement and hit a new high at Rs 252.65 - up 5 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market.

In the past three days, the stock of the metal company has surged 15 per cent after China said it would cancel export tax rebates. In comparison, the BSE Sensex was down 0.53 per cent at 77,167 at 12:03 pm. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower; Rupee hits record low

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 1 PM, the BSE Sensex was at 77,016, down 562 points, or 0.72 per cent, while the Nifty 50 was at 23,311, down 206 points, or 0.88 per cent.

 

12:47 PM

Stock Market LIVE Updates: US charges on Adani Group chief & others are credit negative: Moody's

Stock Market LIVE Updates: Following the US indictment of Adani Group’s chairman and other senior officials on bribery charges, rating agency Moody’s on Thursday said such charges are credit negative for the group’s companies.

 

“Our main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices,” Moody’s said in a statement. READ MORE

 

12:37 PM

Stock Market LIVE Updates: NBCC (India) share falls over 3%; Rs 202 cr-order win fails to cheer stock

Stock Market LIVE Updates: Shares of construction major NBCC (India) dropped up to 3.39 per cent to hit an intraday low of Rs 86.69 per share on Thursday, November 21, 2024.

 

The NBCC (India) share fell despite the company bagging a Rs 202 crore order from Rajasthan State Industrial Development & Investment Corporation Limited (RIICO). READ MORE

 

12:23 PM

Stock Market LIVE Updates: NTPC Green IPO crosses halfway mark on Day 2: GMP stays green; Subscribe?

Stock Market LIVE Updates: The initial public offering (IPO) of NTPC Green Energy, the renewable energy arm of state-owned NTPC, opened for subscription on Tuesday, November 19, 2024, and has received a decent response from investors.

According to data from the National Stock Exchange (NSE), the NTPC Green IPO had garnered an overall subscription of 0.50 times by 11:48 AM on Thursday. READ MORE