Market Close Highlights, Oct 24: Sensex ends flat, Nifty below 24,400; Banks lead, FMCG drags

Stock Market Highlights: 26 out of 50 constituent stocks of Nifty50 ended in the green, led by Ultratech Cement, Shriram Finance, Grasim, Titan, and Mahindra & Mahindra

9:18 AM

Stock Market LIVE Updates: Nifty above 24,450

NSE's Nifty50 stood at 24,457 level, up 21 points or 0.09 per cent. 

9:16 AM

Stock Market LIVE Updates: Sensex jumps over 100 pts

The BSE Sensex was up by 139 points or 0.17 per cent at 80,221 level. 

9:15 AM

Waaree Energies IPO allotment today; check status, GMP & likely gains

Waaree Energies IPO allotment today: The basis of allotment for Waaree Energies IPO shares is likely to be finalised today. The Rs 4,321.44 crore Waaree Energies IPO attracted a staggering 97.34 lakh applications, setting a new record and eclipsing Bajaj Housing Finance's September 2024 IPO. Waaree Energies on Friday, October 18 announced it has mobilised Rs 1,277 crore from anchor investors. Read more

9:11 AM

Stock Market LIVE Updates: Nifty below 24,450 in pre-open

NSE's Nifty50 stood at 24,412 level, down 22 points or 0.09 per cent in pre-open trade. 

9:08 AM

Stock Market LIVE Updates: Sensex up 50 pts in pre-open

The BSE Sensex was up 51 points or 0.06 per cent at 80,133 level in pre-opening deals on Thursday. 

9:04 AM

Stock Market LIVE Updates: Rupee opens at Rs 84.06

Indian currency Rupee appreciated by 1 paise to open at Rs 84.06 per US dollar on Thursday. 

8:57 AM

Stock Market LIVE Updates: Should you buy gold and silver this Dhanteras as prices touch all-time high

Stock Market LIVE Updates: Rising gold prices have cast a shadow over jewellery sales ahead of auspicious Dhanteras, with retailers anticipating lower sales volumes despite recent customs duty reductions. The precious metal’s price has surged to unprecedented levels of around Rs 80,000 per 10 grams, while silver has crossed the Rs 1,00,000 per kg mark in the national capital. READ MORE

 

 

8:44 AM

Stock Market LIVE Updates: Mahindra Lifespace to acquire 26% stake in Ample Parks MMR for JV with Actis

Stock Market LIVE Updates: Mahindra Lifespace Developers today informed that it has signed a Securities Purchase Agreement (SPA) with existing shareholders of Ample Parks MMR to acquire a 26 per cent stake in it. 

This is in view of establishing a joint venture with Actis to develop industrial and logistics real estate facilities across India.

With that view, Mahindra Lifespace has also signed a shareholders agreement (SHA) with Ample, and Omega Warehouse Holdings 2, affiliates of Actis.

 

8:32 AM

Stock Market LIVE Updates: Decreased leverage: Debt/equity for listed SMEs at lowest in years

Stock Market LIVE Updates: Companies listed in the small and medium enterprise (SME) segment have significantly decreased leverage amid rising profitability.

The debt/equity ratio of 0.5 in FY24 is the lowest since at least FY18, shows a Business Standard analysis of data covering 183 listed SME companies with numbers available for at least seven years. The SME segment only provides financial statements twice a year, compared to four times for listed companies. READ MORE

 

8:31 AM

Stock Market LIVE Updates: Growth needs to be supported by cheaper credit: MPC external member Nagesh

Stock Market LIVE Updates: Nagesh Kumar, one of the three newly appointed external members of the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC), said on Wednesday that interest rates should be reduced to make loans cheaper to support growth, which has been sluggish. READ MORE

 

8:30 AM

Stock Market LIVE Updates: MPC members comfortable on inflation; external ones cite slack demand

Stock Market LIVE Updates: The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) drew comfort from the likely future trajectory of inflation at its meeting earlier this month, but the three new external members highlighted slackness in demand.

 

The members of the re-constituted MPC decided to keep the policy repo rate unchanged at 6.5 per cent with a 5:1 vote. External member Nagesh Kumar voted for a 25-basis point (bp) rate cut. READ MORE

 

8:29 AM

Stock Market LIVE Updates: ITC Q2 preview: Cigarette, hotel, FMCG biz to aid profit; margins may slip

Stock Market LIVE Updates: The cigarette-to-hotel conglomerate ITC is set to announce its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 24. The brokerages tracked by Business Standard expect ITC's net profit to rise 1.95 per cent in the quarter ended September on an average to Rs 5,023.13 crore as compared to Rs 4,927 crore a year ago. On a sequential basis, the PAT is expected to rise by 2.15 per cent. READ MORE

 

8:28 AM

Stock Market LIVE Updates: Meeting of Parl PAC to be held tomorrow, Sebi chief to appear: Report

Stock Market LIVE Updates: Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is scheduled to appear before the Parliament's Public Accounts Committee in the national capital on Thursday, sources said.

 

The meeting will be held in Delhi on Thursday at 11 am. The PAC is headed by K C Venugopal of the Congress. READ MORE

 

 

8:27 AM

Stock Market LIVE Updates: Stocks to Watch, Oct 24: HUL, AU Small Fin Bank, Piramal Ent, Pidilite Ind

Stock Market LIVE Updates: In Q2FY25, Hindustan Unilever reported a consolidated revenue increase of 1.93 per cent to Rs 15,926 crore YoY, while Ebitda saw a slight decline of 0.1 per cent to Rs 3,793 crore. The Ebitda margin decreased by 48 bps to 23.81 per cent, and net profit fell by 2.33 per cent to Rs 2,595 crore. Despite a 2.3 per cent year-on-year decline in second-quarter profit, HUL met analysts' estimates and announced an interim dividend of Rs 29 per share. READ MORE

 

 

8:21 AM

Stock Market LIVE Updates: Mkt regulator Sebi mulls options to future switch for single stocks

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) is working on a proposal to convert single stock options into futures contracts a day before expiry.

The proposal — on the lines of the model followed in the commodities market — is aimed at mitigating risk around physical settlement and payment of margins. READ MORE