Market Close Highlights, Oct 30: Sensex sheds 427pts, Nifty ends at 24,340; Smallcap stocks outshine

Stock Market Highlights: As many as 31 out of 50 constituent stocks ended in the red, dragged down by Cipla, Shriram Finance, Infosys, HDFC Life Insurance Company, and Trent

2:17 PM

Stock Market LIVE Updates: Nazara Tech up 4% as arm acquires UK's growth marketing agency for Rs 52-cr

Stock Market LIVE Updates: Nazara Technologies shares gained 4.2 per cent and registered an intraday high of Rs 949.5 per share on BSE. The counter saw buying after Datawrkz, a subsidiary of Nazara Technologies, acquired 100 per cent stake in United Kingdom (UK) based growth marketing agency, Space & Time.

Around 1:47 PM, Nazara Technologies shares were up 2.49 per cent at Rs 941.7 per share. In comparison, the BSE Sensex was down 0.40 per cent at 80,047.17. The market capitalisation of the company stood at Rs 7,194.91 crore. READ MORE

 

2:07 PM

Stock Market LIVE Updates: India's gold demand to hit 4-year low amid price rally: World Gold Council

Stock Market LIVE Updates: India's gold demand in 2024 is likely to fall to its lowest in four years as a rally in prices to a record high is seen denting purchases during the peak festival season in the December quarter, the World Gold Council (WGC) said on Wednesday.

 

Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons, Sachin Jain, CEO of WGC's Indian operations, told Reuters. READ MORE

 

1:53 PM

Stock Market LIVE Updates: NHPC up 3% as unit commissions 88 MW Omkareshwar Floating Solar Power Plant

Stock Market LIVE Updates: State-owned NHPC shares soared 2.92 per cent to hit an intraday high of Rs 82.93 per share on Wednesday, October 30, 2024.

The share of NHPC rose after the company announced that its arm, NHDC, has commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV), Unit-D located in the reservoir of the Omkareshwar project, Madhya Pradesh on October 29 with annual generation capacity of 204.58 MUs. READ MORE

 

1:41 PM

Stock Market LIVE Updates: Concor shares rise 4% after company declares dividend, reports Q2 results

Stock Market LIVE Updates: Container Corporation of India (Concor) shares rose 4.2 per cent and registered an intraday high of Rs 843.55 per share on BSE. The buying in the stock sparked after the company's board declared second interim dividend.

 

Around 12:43 PM, Concor shares were up 4 per cent at Rs 841.15 per share. In comparison, the BSE Sensex was down 0.10 per cent at 80,289.22. The market capitalisation of the company stood at Rs 51,171.59 crore. READ MORE

 

1:27 PM

Stock Market LIVE Updates: This Ashish Kacholia portfolio stock has zoomed 32% in 3 days: Details here

Stock Market LIVE Updates: Ami Organics shares hit a new high of Rs 1,987.40, surging 9 per cent on the BSE in Wednesday’s intra-day trade, and extending its past two day's rally after it reported a solid set of numbers for the second quarter ended September 2024 (Q2FY25).

 

The company also raised its revenue growth guidance for FY25 from 25 per cent to 30 per cent. The stock has bounced back 96 per cent from its June month low of Rs 1,014 on the BSE. READ MORE

 

1:15 PM

Stock Market LIVE Updates: L&T wins new 'Major' orders for its power transmission & distribution business

Stock Market LIVE Updates: L&T today informed that its Power Transmission & Distribution (PT&D) vertical has won new orders in the Middle East and Africa for expanding and strengthening the electricity grids there at high-voltage levels. The orders include implementation of an Energy Management System for country-wide electricity network, it added.

The company has classified the order as a Major order, which signals that it falls within the range of Rs 5,000 crore to Rs 10,000 crore.

The order in Kenya involves the company collaborating with an original equipment manufacturer to build the new National System Control Centre in the country. 

In the Middle East, new orders have been secured for turnkey construction of high-voltage transmission lines in Saudi Arabia. Additional Gas Insulated Substation orders have been received in an ongoing power system expansion project in Qatar, it added.

 

1:04 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty pare losses; still trading in red zone

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were off the day's lows, but were still trading in negative territory on Wednesday.

At 1 PM, the BSE Sensex was down 73.44 points, or 0.09 per cent, at 80,295.59, while the Nifty 50 was at 24,458, down 8.85 points, or 0.04 per cent.

 

12:56 PM

Stock Market LIVE Updates: Honeywell Automation plunges 9% after subdued Q2 performance; details

Stock Market LIVE Updates: Shares of Honeywell Automation plunged 9.1 per cent at Rs 44,500 per share on the NSE in Wednesday’s intraday trade. The stock fell after the company reported its second quarter earnings for the financial year 2024-25 (Q2FY25).

 

Engineering services company Honeywell Automation India reported its second-quarter results on Tuesday, October 29, 2024. The company’s net profit fell 5.7 per cent year-on-year, totaling Rs 115 crore for the three months ended September 2024, down from Rs 122 crore in the same quarter last year. READ MORE

 

12:42 PM

Stock Market LIVE Updates: Star Health slips 7% after reporting 11% fall in PAT in Q2 to Rs 111-cr

Stock Market LIVE Updates: Star Health and Allied Insurance Company shares slipped 6.5 per cent and registered an intraday low of Rs 500.5 per share on BSE. The selling pressure in the stock can be attributed to the company's weak bottom line performance in Q2FY25. 

 

Around 11:52 AM, Star Health Allied Insurance shares were down 2.95 per cent at Rs 519.95 per share. In comparison, the BSE Sensex was down 0.15 per cent at 80,249.43. The market capitalisation of the company stood at Rs 30,550.58 crore. READ MORE

 

12:29 PM

Stock Market LIVE Updates: GRSE share price rises 4% on securing order worth Rs 491 crore from NPOL

Stock Market LIVE Updates: Shares of Garden Reach Shipbuilders & Engineers (GRSE) rose up to 4.16 per cent to hit an intraday high of Rs 1,613.90 per share on Wednesday, October 30, 2024.

 

The spike in GRSE share price was fuelled by a Rs 490.98-crore order win from Naval Physical & Oceanographic Laboratory, Gol, Ministry of Defence DRDO, Kochi. READ MORE

 

12:13 PM

Stock Market LIVE Updates: Dynacons Systems & Solutions shares fly 13% on Rs 108-cr order from NABARD

Stock Market LIVE Updates: Dynacons Systems & Solutions shares rose as much as 12.81 per cent to hit an intraday high of Rs 1,345.55 per share on Wednesday, October 30, 2024.

 

The rise in the Dynacons Systems & Solutions share price came after the company announced that it has secured an order worth Rs 108 crore from the National Bank for Agriculture and Rural Development (NABARD). READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty pare losses; still in negative zone

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were off the day's lows, but were still trading in negative territory on Wednesday.

At 12 PM, the BSE Sensex was down 115.12 points, or 0.14 per cent, at 80,253.91, while the Nifty 50 was at 24,444.60, down 22.25 points, or 0.09 per cent.

 

11:56 AM

Stock Market LIVE Updates: Marico share rallies 9% as Q2 results beat estimates; profit zooms 20% YoY

Stock Market LIVE Updates: Shares of fast moving consumer goods (FMCG) company Marico surged as much as 9.30 per cent to hit an intraday high of Rs 687.30 per share on Wednesday, October 30, 2024.

 

The Marico share price rallied after the company posted stronger-than-expected Q2FY25 results, which beat street estimates. READ MORE

 

11:49 AM

Stock Market LIVE Updates: Kaynes Technology gains 7% after Q2FY25 results; PAT up 86%, rev up 59%

Stock Market LIVE Updates: Kaynes Technology shares rose 6.7 per cent on Wednesday and registered an intraday high of Rs 5,597 per share on BSE. The buying interest in the stock came after Kaynes Technology posted strong Q2 results.

 

However, the stock pared gains and around 10:10 AM, was up 1.98  per cent at Rs 5,346 per share. In comparison, the BSE Sensex was down 0.33 per cent at 80,107.49. The market capitalisation of the company stood at Rs 34,220.16 crore. READ MORE

 

11:38 AM

Stock Market LIVE Updates: Adani Enterprises share price gains 5% on strong September quarter results

Stock Market LIVE Updates: Shares of Adani Enterprises (AEL) moved higher by 5 per cent to Rs 2,981.55 on the National Stock Exchange (NSE) in Wednesday’s intra-day trade amid heavy volumes after reporting more than sevenfold increase in its consolidated net profit (attributable to the company’s owners) for the July-September quarter of 2024-25 (Q2FY25), driven by improved revenue and reduced finance costs. READ MORE