Market Highlights, Sept 20: Sensex up 1360pts, ends above 84,500; Nifty near 25,800 amid broad gains

Stock Market Highlights: Indian equity benchmark indices ended the week's last trading session at record high closing levels

2:23 PM

Stock Market LIVE Updates: TCS expands operations in Poland, aims to double workforce in a year

Stock Market LIVE Updates: Tata Consultancy Services (TCS) on Friday said it has expanded operations in Poland with the opening of a new delivery centre in Warsaw, and expects to double its workforce in the region to over 1,200 within a year. The new delivery centre showcases TCS' capabilities across industries and technologies, according to a regulatory filing. READ MORE

2:19 PM

Stock Market LIVE Updates: Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding

Stock Market LIVE Updates: Physics Wallah (PW) has raised $210 million at the close of a Series B funding round, said the education technology company on Friday, declaring that FY25 will mark "largest absolute profitability" for the group. The investment brings the company’s post-money valuation to $2.8 billion, a more than twofold increase over its last valuation of $1.1 billion. The funding round was led by Hornbill Capital, participation from Lightspeed Venture Partners and existing investors GSV and WestBridge. READ MORE

2:13 PM

Stock Market LIVE Updates: L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm

Stock Market LIVE Updates: Engineering and construction major Larsen & Toubro (L&T) has acquired 12.5 million equity shares, representing a 12.25 per cent stake, in the Indian Foundation for Quality Management (IFQM), the company said in an exchange filing on Friday. The acquisition, worth Rs 12.5 crore, aligns with L&T’s broader mission to elevate the global perception of ‘Brand India’ by enhancing product and service quality across various sectors. READ MORE

 

2:09 PM

Stock Market LIVE Updates: These 4 stocks turn bearish even as Sensex, Nifty scale new highs

Stock Market LIVE Updates: The BSE Sensex and the NSE Nifty 50 index were seen trading on a buoyant note at record high levels in trades on Friday, amid the global market cheer owing to a bumper US Fed rate cut. The US Federal Reserve on Wednesday night announced a 50 basis points cut in interest rates - a first since March 2020. READ MORE

 

2:04 PM

Stock Market LIVE Updates: 2 PM market update - Markets pull back mildly from record levels

Stock Market LIVE Updates: After holding steady at record levels for most of the trading session on Friday, Indian equity benchmark indices were seen pulling back a little, during the last hours of the day's trading session. 

 

At 2 PM, the BSE Sensex was up by 652 points, or 0.7 per cent, at 83,837, while the Nifty 50 was at 25,635, up 219 points, or 0.87 per cent.

1:53 PM

Stock Market LIVE Updates: HCL Technologies' ESG score improves to 79.9 for FY24, from 79.6 in FY23

Stock Market LIVE Updates: HCL Technologies today informed that its ESG rating--issued by SES ESG Research, a Sebi-registered ESG ratings provider--has improved to 79.9 for FY24, from 79.6 in FY23.

The company, in an exchange filing, said, "SES ESG Research Private Limited, a SEBI registered ESG Rating Provider has on September 19, 2024, issued an ESG Report on our Company. This report has been issued by them voluntarily. In terms of this report, the overall ESG Score of the Company has been increased from 79.6 in FY2022-23 to 79.9 for FY 2023-24."

1:44 PM

Stock Market LIVE Updates: Thomas Cook issues corporate guarantee of Rs 30 cr for subsidiary SOTC Travel

Stock Market LIVE Updates: Thomas Cook today informed that it has issued a corporate guuarantee worth Rs 30 crore, in favour of Kotak Mahindra Bank, for its wholly-owned sbsidiary SOTC Travel.

The company, in an exchange filing, said, "We hereby inform that the Sub-Committee of the Board Directors of the Company has on even date approved issuance of Corporate Guarantee of INR 300 million in favour of Kotak Bank Limited towards Overdraft & Bank Guarantee/SBLC facilities sanctioned to SOTC Travel Limited (wholly owned subsidiary of the Company)."

1:32 PM

Stock Market LIVE Updates: Lemon Tree Hotels launches new property in Srinagar, J&K

Stock Market LIVE Updates: Lemon Tree Hotels today announced that it has signed a License Agreement with its wholly-owned subsidiary Carnation Hotels to launch a new 40-keys property called 'Keys Select by Lemon Tree Hotels' in Srinagar, Jammu and Kashmir.

The company, in an exchange filing, said, "We would like to inform you that the Company has signed a License Agreement viz Keys Select by Lemon Tree Hotels, Srinagar, Jammu and Kashmir. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited and is expected to open in FY 2026." 

The company added that the hotel will feature 40 well-appointed rooms, two restaurants, a meeting room, and a fitness center.

 

1:16 PM

Stock Market LIVE Updates: Torrent Pharma gets one observation after US FDA inspection of MP facility

Stock Market LIVE Updates: Torrent Pharma today informed that it has received one observation from the US FDA after the US drug regulator conducted a Good Manufacturing Practices (GMP) inspection of its formulations manufacturing facility located at Pithampur, Madhya Pradesh between September 16 and 20.

The company, in an exchance filing, said, "At the end of the Inspection, the Agency issued a Form FDA 483 with one observation which is procedural in nature. We will respond to the USFDA within the prescribed time-frame and will work in close collaboration with the Agency to address the observation at the earliest possible time."

1:09 PM

Stock Market LIVE Updates: Patel Engineering bags Rs 240-cr hydropower project from NHPC

Stock Market LIVE Updates: Patel Engineering today informed that NHPC has declared the company as the lowest bidder for a Rs 240.02 crore contract, involving "modification of diversion tunnel into tunnel spillway arrangement – Civil and Hydro Mechanical works for Package 6 - TEESTA-VPOWERSTATION, SIKKIM.

The company, in an exchange filing, said, "The project is to be completed in a period of 18 months. The said project is located in the South District of Sikkim State."

The company added that the scope of work involves construction of civil works of the tunnel spillway including construction adit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and it’s Gate Operation Chamber (GOC). 

1:03 PM

Stock Market LIVE Updates: 1 PM market update - Markets extend gains from record levels

Stock Market LIVE Updates: Indian equity benchmark indices extended their gains from the record levels they were trading at after hitting fresh record highs in early trades on Friday. 

At 1 PM, the BSE Sensex was up by 1,248 points, or 1.50 per cent, at 84,433, while the Nifty 50 was at 25,770, up 354 points, or 1.39 per cent.

12:49 PM

Stock Market LIVE Updates: Record Galore! Here's why Sensex rallied 1,100 points today; details here

Stock Market LIVE Updates: Benchmark indices – Sensex and Nifty 50 –witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. 

The Sensex rallied 1.27 per cent or 1,063.89 points, hitting a fresh record high of 84,248.69 levels. The Nifty 50 also saw a robust gain of 1.21 per cent, or 309.8 points, hitting a new all-time high of 25,726.65. READ MORE

 

12:41 PM

Stock Market LIVE Updates: TCS opens new global delivery centre in Poland; To double workforce above 1,200

Stock Market LIVE Updates: Tata Consultancy Services (TCS) today announced that it has launched a new delivery centre in Warsaw, Poland, expanding its operations in the country. 

With the new delivery centre, TCS expects to double its workforce to 1200-plus in a year to support its further growth in the region, the company said in an exchange filing. 

 

12:35 PM

Stock Market LIVE Updates: ITD Cementation surges 18% amid Adani Group's promoter's stake buy buzz

Stock Market LIVE Updates: Shares of ITD Cementation surged 18 per cent to Rs 558.15 on the BSE in Friday's intraday trade, aided by heavy volumes, on report that Adani Group is eyeing promoter stake in the company. The stock of the civil construction company had hit a 52-week high of Rs 589.65 on July 2.

At 10:48 AM, ITD Cementation was trading 17 per cent higher at Rs 550.05 as compared to 1.01 per cent rise in the BSE Sensex. Average trading volumes on the counter jumped seven-fold with a combined 8.55 million equity shares, representing nearly 5 per cent of total equity of the company, changing hands on the NSE and BSE. READ MORE

12:24 PM

Stock Market LIVE Updates: Cochin Shipyard, Hudco, Rites, Ircon and others drive Nifty Smallcap 100 up 220 pts

Stock Market LIVE Updates: A rally in stocks such as Cochin Shipyard (10 per cent), Hudco (8.22 per cent), IIFL (7.70 per cent), Rites (6.78 per cent), and Ircon (5.63 per cent), led Nifty Smallcap 100 higher by 220 points, or 1.15 per cent.