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

9:57 AM

Stock Market LIVE Updates: Axis defends Axis Capital's merchant bank biz against Sebi's interim orders

Stock Market LIVE Updates: Axis Bank today said that the Sebi order issued against its subsdiary Axis Capital regarding its merchant banking facilities, is interim in nature and not likely to impact its Axis's own operations.

The company, in an exchange filing, said, "ACL is of the view that its merchant banker, arranger and underwriter related activities for any issue / offer for sale of securities in the debt segment were bona-fide and in compliance with all applicable regulatory provisions; and further no loss has been caused to any investor or market participant from such activities as on date."

The company added, "Sebi has not imposed any other restrictions on ACL, and ACL will continue to operate all other business activities, including in the equity capital markets, M&A, private equity, and institutional equities domain (other than performing merchant banker/arranger/underwriter related activities for any issue / offer for sale of securities in the debt segment)".

9:47 AM

Stock Market LIVE Updates: Nifty, Bank Nifty form shooting star on daily chart; consolidation ahead?

Stock Market LIVE Updates: Benchmark indices continue to trade near record high levels a day after the US Fed rate cut as global mood remains upbeat. The BSE Sensex has gained 300 points at 83,500 levels in early deals, while the NSE Nifty 50 was again seen testing the 25,500 levels.

The futures and options data show, that the FIIs continue to hold bullish bets in index futures, while DIIs and retail investors are weighed on the shorter side of trade. READ MORE

9:37 AM

Stock Market LIVE Updates: Reliance Infra surges over 9% as board approves Rs 3,014 cr fund raise

Stock Market LIVE Updates: The company's board has approved a preferential issue to raise Rs 3,014 crore by issuing equity shares to promote investor participation and support its expansion plans.

The company aims to utilise the funds for business growth and working capital.

 

9:35 AM

Stock Market LIVE Updates: SP Group stocks, including Sterling and Wilson, gain up to 3%

Stock Market LIVE Updates: The Shapoorji Pallonji group is expected to secure over Rs 2,100 crore from a consortium of global investors led by Deutsche Bank. This comes as the group prepares for upcoming repayments and an IPO for Afcons Infrastructure.

 

9:30 AM

Stock Market LIVE Updates: Macrotech Developers gains on acquiring three warehousing companies for Rs 240 cr

Stock Market LIVE Updates: The company acquired shares in three warehousing companies for Rs 239.56 crore, increasing its stake and rental income potential.

This strategic move aligns with the company's growth in the real estate sector.

 

9:28 AM

Stock Market LIVE Updates: IIFL Finance jumps 10% as RBI lifts restrictions on its gold loan business

Stock Market LIVE Updates: The company announced that the RBI has lifted restrictions on its gold loan operations. The company can now resume its lending activities after addressing previous regulatory concerns regarding loan processes.

 

9:22 AM

Stock Market LIVE Updates: Sector Check

Stock Market LIVE Updates: Nifty Metal, Realty among top sectoral gainers.

9:21 AM

Stock Market LIVE Updates: Broader markets rebound

Stock Market LIVE Updates: Broader markets rebound; Nifty SmallCap rises over 0.7 per cent.
 

9:18 AM

Stock Market LIVE Updates: Index heatmap check

Stock Market LIVE Updates: JSW Steel and Tata Steel among top gainers.

9:17 AM

Stock Market LIVE Updates: Nifty50 rises 0.4%

Stock Market LIVE Updates: Nifty50 rose 0.44 per cent to 25,528.20 levels.

9:16 AM

Stock Market LIVE Updates: Sensex rises 420 points

Stock Market LIVE Updates: Sensex rises 421 points to 83,606.02 levels.

9:13 AM

Stock Market LIVE Updates: Banks to play key role in making India developed nation: FM Sitharaman

Stock Market LIVE Updates: The banking sector in India will have to play a crucial role in driving the agenda for making India a developed country by 2047, Union Finance Minister Nirmala Sitharaman said on Thursday. READ MORE

 

9:09 AM

Stock Market LIVE Updates: Nifty adds 0.43% in pre-open

Stock Market LIVE Updates: Nifty gained 0.43 per cent in pre-open, at 25,525.95 levels.

9:07 AM

Stock Market LIVE Updates: Sensex gains 0.50% in pre-open

Stock Market LIVE Updates: Sensex gained 0.50 per cent in pre-open, at 83,602 levels.

8:59 AM

Stock Market LIVE Updates: Northern Arc Capital IPO allotment: Check status, GMP, likely listing gains

Stock Market LIVE Updates: The basis of allotment of the initial public offering (IPO) of Northern Arc Capital is likely to be finalised today.

The public issue of Northern Arc Capital, which ended for subscription yesterday, received a favourable response from investors, as they placed bids for a whopping 2,38,22,43,807 shares against 2,14,78,290 shares offered, resulting in an oversubscription of 110.91 times by the final day of subscription. READ MORE