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

11:27 AM

Stock Market LIVE Updates: Capri Global Capital share price up 15%; What's boosting rally in stock?

Stock Market LIVE Updates: Capri Global Capital shares zoomed 14.6 per cent in trade and registered an intraday high of Rs 211.8 per share on BSE. The stock was in demand after the company reported good Q2 results. READ MORE

11:19 AM

Stock Market LIVE Updates: GSK Pharma stock gains over 3% after profit, revenue boost in Q2 earnings

Stock Market LIVE Updates: Shares of GlaxoSmithKline (GSK) Pharmaceuticals surged up to 3.4 per cent at Rs 2719.90 per share on the BSE in Wednesday’s intraday trade. The stock rose after the company reported its second quarter earnings for the financial year 2024-25 (Q2FY25).

 

GSK Pharma reported a 16 per cent year-on-year increase in its consolidated net profit, reaching Rs 252 crore for the September quarter, up from Rs 217 crore in the same period last fiscal year. READ MORE

 

 

11:06 AM

Stock Market LIVE Updates: Defence stocks in focus; Paras, DCX freeze at 5% upper circuit on order win

Stock Market LIVE Updates: Shares of defence-related companies were in focus on Wednesday with Paras Defence and Space Technologies and DCX Systems locked in the 5-per cent upper circuit on the BSE in today's intraday trade.The buying interest was seen in these defence stocks after they won domestic and international orders. READ MORE

 

11:03 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty off day's lows, but 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, amid mixed global cues.

At 11 AM, the BSE Sensex was down 116.26 points, or 0.14 per cent lower, at 80,252.77, while the Nifty 50 was at 24,438.90, down 27.95 points, or 0.11 per cent.

 

10:48 AM

Stock Market LIVE Updates: Tara Chand InfraLogistic bags Rs 29.5 cr deal from L&T to build casting yard

Stock Market LIVE Updates: Tara Chand InfraLogistic Solutions today informed that it has been awarded a new specialised services contract by Lasren & Tubro for the development of casting yard for their ongoing Mira-Bhayander Dahisar Link Road in Mumbai. 

The company, in an exchange filing, said, "The company will be deploying machines from its current fleet of equipment along with specialized tools and expert workforce for the successful execution of the first such contract won by the company."

The total contract value for this order is Rs 29.49 crore (incl. taxes) and the project is to be executed within FY2024-25, it added.

 

10:38 AM

Stock Market LIVE Updates: Gold rate today: Yellow metal in 'overbought' zone, eyes $2800 in near-term

Stock Market LIVE Updates: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024, as the metal continued to trade firm on the US fiscal deficit concerns, geopolitical worries and uncertainty over the US presidential election outcome. It surged further on disappointing US JOLTs openings data.

 

The yellow metal was changing hands at $2,770, up around 1 per cent when the MCX closed. The MCX December gold contract at Rs 79,268 (LTP) was up 0.89 per cent. READ MORE

 

 

10:27 AM

Stock Market LIVE Updates: Castrol India appoints Kedar Lele as Managing Director, effective from November 1

Stock Market LIVE Updates: Castrol India today informed that it has appointed Kedar Lele as its new Managing Director, effective from November 1, 2024.

Kedar, according to the company's exchange filing, joins Castrol India after a two-decade-long career at Hindustan Unilever Limited (HUL), where he last served as the Executive Director responsible for sales and customer development, South Asia. 

 

10:22 AM

Stock Market LIVE Updates: Paras Defence bags Rs 42-cr order from India Optel to supply defence equipment

Stock Market LIVE Updates: Paras Defence and Space Technologies today announced that it has received an order from Opto Electronics Factory, a unit of government-owned India Optel, for the supply of five types of electronic control sub-systems used in thermal imaging fire control system (TIFCS), to be delivered by OLF to the Indian armed forces.

The order is for a total amount of Rs 42.05 crore, the company said in an exchange filing.

 

10:16 AM

Stock Market LIVE Updates: RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll

Stock Market LIVE Updates: India's central bank will cut its key policy rate in December by a quarter point to 6.25 per cent to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term.

 

Inflation unexpectedly spiked to 5.49 per cent in September, but was forecast to cool to an average 4.9 per cent this quarter and drop to 4.6 per cent in January-March, giving the Reserve Bank of India (RBI) room to ease policy. READ MORE

 

10:12 AM

Stock Market LIVE Updates: FIIs OI in index futures down 40% from peak; Volatility likely to rise

Stock Market LIVE Updates: The Nifty and Bank Nifty futures ended higher for the second straight day on Tuesday, with the benchmark NSE Nifty 50 now nearing the 24,500-mark.

 

On the daily charts, the Nifty has found buying interest from support zone of 78.6 per cent Fibonacci retracement level at 24,170 and started the next leg of up move. The up move is likely to continue towards 24,563 - 24,823 which are the Fibonacci extension targets, said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. READ MORE

 

10:08 AM

Stock Market LIVE Updates: Why have Force Motors shares vroomed 18% in trade today?

Stock Market LIVE Updates: Force Motors shares jumped 18.3 per cent in trade on Wednesday (October 30) and registered an intraday high of Rs 7,549.95 per share on BSE. The stock zoomed after the company reported good second quarter (Q2FY25) numbers.

 

Around 9:29 AM, Force Motors shares were up 17.86 per cent at Rs 7517.45 per share. In comparison, the BSE Sensex was down 0.31 per cent at 80,120.04. The market capitalisation of the company stood at Rs 9,797.42 crore. READ MORE

 

10:05 AM

Stock Market LIVE Updates: Godavari Biorefineries makes poor debut: Stock lists at 12% discount

Stock Market LIVE Updates: Shares of ethanol-based chemical maker Godavari Biorefineries made a subdued debut on the bourses on Wednesday. On the BSE, Godavari Biorefineries shares listed at Rs 310.55, reflecting a discount of 11.77 per cent against the IPO issue price of Rs 352.

 

Similarly, on the National Stock Exchange (NSE), Godavari Biorefineries listed at a discount of 12.5 per cent at Rs 308, against the IPO issue price. READ MORE

 

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty trade with losses

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 declined were trading lower on Wednesday, amid mixed global cues.

At 10 AM, the BSE Sensex was down 253.45 points, or 0.32 per cent lower, at 80,115.58, while the Nifty 50 was at 24,401.45, down 65.40 points, or 0.27 per cent.

 

9:59 AM

Stock Market LIVE Updates: Cipla faces challenges of slow growth, drug launch; analysts slash target

Stock Market LIVE Updates: Shares of pharmaceutical giant Cipla dipped 5 per cent at Rs 1,403 per share on the NSE in Wednesday’s intraday deals. This came after the analysts highlighted near term challenges for Cipla after it delivered its second quarter results for the financial year 2024-25 (Q2FY25).

 

At 09:35 AM; the stock of the company was down 4.41 per cent at Rs 1,412.40 a piece. By comparison, the NSE’s Nifty50 slipped 0.39 per cent at 24,371.20. READ MORE

 

9:55 AM

Stock Market LIVE Updates: Honeywell falls nearly 9% Q2 net profit decreased by 5.73% to Rs 115 crore

Stock Market LIVE Updates:  Honeywell Automation India Q2 FY25 (YoY): Revenue fell by 7.25 per cent to Rs 1,024 crore from Rs 1,104 crore. Ebitda declined by 7.06 per cent to Rs 129 crore from Rs 139 crore.

The Ebitda margin slightly increased by 2 bps to 12.58 per cent. Net profit decreased by 5.73 per cent to Rs 115 crore from Rs 122 crore, underperforming against the estimate of Rs 161 crore.