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

8:29 AM

Stock Market LIVE Updates: Gold sparkles less this Dhanteras, silver shines; digital buying picks up

Stock Market LIVE Updates: Jewellers approached this Dhanteras hoping that the day’s sales would provide a breather in a year marked by sky-high gold prices. As morning came, though, their hopes were dimmed by the sight of thinly populated showrooms — empty counters on what is usually the busiest shopping day of the year for precious metals. READ MORE

 

8:29 AM

Stock Market LIVE Updates: NTPC Green Energy's Rs 10,000 crore IPO likely to unlock value for parent

Stock Market LIVE Updates: The news that NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC, has clearance from the Securities and Exchange Board of India (Sebi) to raise Rs 10,000 crore via an initial public offering (IPO), was a trigger for the NTPC stock.

The stock gained 2 per cent in trade on Tuesday. READ MORE

 

8:28 AM

Stock Market LIVE Updates: 73,600x surge in 2 days: Elcid Investments now India's 'priciest' stock

Stock Market LIVE Updates: A little-known smallcap company, Elcid Investments, took a giant leap into the history books on Tuesday when its shares surged a staggering 6.7 million per cent to become the priciest stock in absolute terms, surpassing tyre major MRF.

 

Shares of Elcid Investments, a non-banking financial company (NBFC), closed at Rs 2,36,250 apiece on Tuesday, valuing the company at Rs 4,725 crore. The share price of MRF, on the other hand, stood at Rs 1,22,577, even though the company’s market capitalisation was much higher at Rs 51,890 crore. READ MORE

 

8:27 AM

Stock Market LIVE Updates: L&T Q2 results preview: Profit may rise up to 19% YoY; margins could shrink

Stock Market LIVE Updates: Larsen & Toubro, which is scheduled to report its second quarter results on Wednesday, October 30, is expected to post core profit growth between 12 and 19 per cent in the July-September quarter (Q2) of the current financial year 2024-25 (FY25).

 

The engineering, procurement and construction (EPC) major's core revenue is expected to have grown in the September quarter as its domestic execution normalises on the back of a strong order book and its workforce strength returning to normal levels following the 2024 General Elections. READ MORE

 

8:26 AM

Stock Market LIVE Updates: Afcons Infrastructure IPO subscribed 2.63 times on last day of share sale

Stock Market LIVE Updates: The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure got fully subscribed on the last day of share sale on Tuesday and ended with 2.63 times subscription.

 

The Rs 5,430-crore initial share sale received bids for 22,78,13,728 shares against 8,66,19,950 shares on offer, as per NSE data. READ MORE

 

8:25 AM

Stock Market LIVE Updates: Record-breaking real estate IPOs in India raise Rs 13,500 cr in 2024 so far

Stock Market LIVE Updates: India's real estate sector witnessed a record surge in initial public offerings (IPOs), with 123 IPOs listed till October 20 this year, already surpassing the total for 2023, signaling economic optimism and ample market liquidity.

 

The real estate IPOs raised close to Rs 13,500 crore in 2024, nearly twice the amount raised in the previous year, according to Colliers India. READ MORE

 

8:24 AM

Stock Market LIVE Updates: AMC rally likely to gain further steam after robust Q2 performance

Stock Market LIVE Updates: After a robust performance in the second quarter (Q2), analysts believe that shares of asset management companies (AMCs) are poised for further gains, despite having surged significantly in the past year.

 

Most brokerages have raised the target price for all the four AMC shares. READ MORE

 

8:23 AM

Stock Market LIVE Updates: Stocks to Watch, Oct 30 - Marico, Concor, GSK, Voltas, Allied Blenders, GHCL

Stock Market LIVE Updates: Marico's consolidated Q2 FY25 revenue grew by 7.59 per cent YoY to Rs 2,664 crore, up from Rs 2,476 crore. Ebitda increased by 5.03 per cent to Rs 522 crore from Rs 497 crore, again below the estimate of Rs 530 crore. The Ebitda margin fell by 47 bps to 19.59 per cent. Net profit rose by 20.27 per cent to Rs 433 crore, up from Rs 360 crore, exceeding the estimate of Rs 389 crore. READ MORE

 

8:22 AM

Stock Market LIVE Updates: BoB, MCX, REC: Top stock picks by Chandan Taparia of MOFSL; check targets

Stock Market LIVE Updates: BoB stock has broken out of a double bottom pattern on the daily chart and closed above its crucial 250 zones. Buying was visible across the banking space to support the reversal. The RSI indicator is rising which confirms the up move. READ MORE

 

8:21 AM

Stock Market LIVE Updates: Vinay Rajani of HDFC Securities recommends buying these two stocks today

Stock Market LIVE Updates: Nifty formed a bullish candle on October 29 after forming triple bottom in the 24073-24140 band and closed at its highest in 5 sessions. Its indicators are giving positive signals.

 

The short term trend of Nifty seems to have turned bullish. Nifty could take support from the above band while on upmoves it can face resistance in the 24567-24694 band in the near term. READ MORE

 

8:20 AM

Stock Market LIVE Updates: Nifty Bank eyes bullish breakout on charts; check support, target and more

Stock Market LIVE Updates: The Nifty Bank Index remains range-bound between 52,577 and 51,000, but recent indicators suggest a positive outlook with yesterday’s strong close signaling a potential breakout on the upside. This positive sentiment makes it an attractive opportunity for traders to prepare for a bullish move if the range is broken. READ MORE

 

8:19 AM

Stock Market LIVE Updates: Market today: Nasdaq at record, US Q3 GDP, Godavari Biorefineries listing

Stock Market LIVE Updates: Indian shares are poised to open lower amid mixed global markets. Around 7:32 AM, GIFT Nifty futures were down 42.2 points at 24,435.5.

 

The US market on Tuesday finished mixed with the Nasdaq Composite scaling a new high and closing up 0.78 per cent, followed by the S&P 500 up 0.16 per cent. However, the Dow Jones closed down 0.36 per cent. READ MORE

 

8:16 AM

Stock Market LIVE Updates: Brokerages snip Nifty EPS growth estimates after disappointing Q2

Stock Market LIVE Updates: Analysts are scaling back earnings growth projections for Nifty 50 companies as the September 2024 quarter (2QFY25) results season fell short of expectations.

 

The consensus earnings per share (EPS) growth forecast for the Nifty 50 has been slashed from 10 per cent to a modest 2.5 per cent, with analysts now predicting that index firms will close FY25 with an EPS of Rs 1,000, marginally up from FY24’s Rs 977. Just a month prior, the consensus FY25 EPS estimate was near Rs 1,100. READ MORE

 

 

8:11 AM

Stock Market LIVE Updates: Crude prices steady as tensions in West Asia ease

Stock Market LIVE Updates: Oil prices stabilised on Wednesday on industry data showing a surprise drop in US crude and gasoline inventories, following two previous sessions of losses on the prospect of hostilities easing in the Middle East.

Brent crude futures gained 32 cents, or 0.45 per cent, to $71.44 a barrel by 8:10 AM. US West Texas Intermediate crude futures rose 31 cents, or 0.46 per cent, to $67.52 per barrel.

 

8:06 AM

Stock Market LIVE Updates: Asian markets mixed

Stock Market LIVE Updates: Markets in the Asia-Pacific region were mixed, with Japan's Nikkei and mainland China's CSI300 climbing, while the rest traded with losses. 

Japan’s Nikkei 225 was 1.15 per cent higher, and the Topix was up 1.05 per cent.

In China, the Shanghai Composite was down 0.06 per cent, while the CSI300 was higher by 0.38 per cent. Hong Kong's Hang Seng index was down 0.68 per cent.

South Korea’s Kospi fell 0.34 per cent, and the small-cap Kosdaq was trading with marginal gains.

Australia’s S&P/ASX 200 was trading 0.49 per cent lower.