Market Highlights, Sept 25: Sensex up 256pts; Nifty holds 26,000; Media index soars 3%, VIX down 7%

Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, climbed to fresh highs before ending at new closing highs on Wednesday

9:39 AM

Stock Market LIVE Updates: Cartrade Tech climbs 3% as Mirae Asset MF buys 6.4% stake in co

Stock Market LIVE Updates: Warburg Pincus-owned Highdell Investment has divested its 8.64 per cent stake in Cartrade Tech for over Rs 375 crore. Mirae Asset Mutual Fund has acquired a 6.4 per cent stake in the company.

 

9:27 AM

Stock Market LIVE Updates: Powergrid soars 4% on NSE

Powergrid outran its peers on Nifty50, rising by 4.21 per cent, and was followed by M&M, Tata Steel and Hindalco. 

9:25 AM

Sectoral trends:: Nifty Realty down over 1%, Nifty Metal index soars for the second day

Among sectors, Nifty Realty slipped 1.38 per cent, while Nifty Metal was the top gainer, rising by 1.22 per cent in the early morning trades.

9:21 AM

Stock Market LIVE Updates: Broader indices mixed

The broader markets were mixed at open on Wednesday, with BSE MidCap index falling 0.24 per cent, while BSE SmallCap index rose 0.09 per cent. 

9:20 AM

Stock Market LIVE Updates: Heatmap check

HCL Tech, Asian Paints, Tech Mahindra and Bajaj Finance were among the 18 stocks that were trading in red on Sensex. 

9:19 AM

Stock Market LIVE Updates: Nifty slips to 25,916 as 28 stocks decline

NSE's Nifty50 was down 0.09 per cent at 25,916 level at open on Wednesday. 

9:15 AM

Stock Market LIVE Updates: Sensex down over 100 pts

The benchmark Sensex slipped 124 points or 0.15 per cent and stood at 84,789 at open.

9:10 AM

Stock Market LIVE Updates: Sensex slips over 70 pts, stands at 84,836 in pre-open trade

Sensex slipped over 70 pts or 0.09 per cent and stood at 84,836 in pre-open trade.

9:09 AM

Stock Market LIVE Updates: Nifty at 25,900, down by 40-odd points in pre-open

9:06 AM

Stock Market LIVE Updates: Domestic liquidity likely to keep the market resilient

The Chinese monetary stimulus measures lifted the Chinese and Hong Kong markets yesterday and if the rally continues it is possible that FIIs will move more funds to invest in these markets which are highly attractive on valuations. In India metal stocks rallied in response to the Chinese stimulus measures.

 

It remains to be seen whether the Chinese monetary stimulus will have an enduring positive impact since China’s economic woes are structural and difficult to address through a monetary stimulus. It is more likely that the positive sentiments now being felt may soon dissipate and weaken.

 

The gush of domestic liquidity, which is the main driving force behind the rally in India, is likely to keep the market resilient. If Nifty is to go past 26000 decisively and sustain there, it has to be led by the Bank Nifty. There is more steam in this segment.

(View by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.)

9:03 AM

Stock Market LIVE Updates: Rupee appreciates 10 paise

The Rupee appreciated 10 paise at open on Wednesday, trading 0.12 per cent higher at Rs 83.57 per US dollar. 

8:56 AM

Stock Market LIVE Updates: NBFCs eye Rs 5,000 crore through bond issuances over next one week

Stock Market LIVE Updates: Several non-banking financial companies (NBFCs) plan to raise over Rs 5,000 crore through bond issuances in the next one week. State-run lender Bank of India (BoI) also plans to raise up to Rs 2,500 crore via issuance of Tier-II bonds on Wednesday.

On Tuesday, Small Industries Development Bank of India (Sidbi) raised Rs 8,000 crore through bonds maturing in four years and five months at a coupon of 7.34 per cent. The coupon was set better than the market expectation of around 7.40 per cent, said dealers. READ MORE

8:54 AM

Stock Market LIVE Updates: 'Bullish undertone and robust growth prospects could drive markets to bounce'

Stock Market LIVE Updates: "Markets may see a subdued start amid sluggishness in the Gift Nifty index even as most of other Asian indices are exhibiting optimism after China's stimulus announcements to boost its economy. Hence, there could be some traction seen in local commodities, including metals. 

The monthly expiry on Thursday could result in sideways movement in intra-day trades, but bullish undertone and robust growth prospects going ahead would see the markets bounce back at regular intervals. The key US US PCE inflation data to trickle in on Friday would be eyed, as this would provide some indication of future rate cut prospects.

Views By: Prashanth Tapse, Senior VP (Research), Mehta Equities

 

8:52 AM

Stock Market LIVE Updates: 'The gush of domestic liquidity... is likely to keep the market resilient'

Stock Market LIVE Updates: "The Chinese monetary stimulus measures lifted the Chinese and Hong Kong markets yesterday and if the rally continues it is possible that FIIs will move more funds to invest in these markets which are highly attractive on valuations. In India metal stocks rallied in response to the Chinese stimulus measures.

It remains to be seen whether the Chinese monetary stimulus will have an enduring positive impact since China’s economic woes are structural and difficult to address through a monetary stimulus. It is more likely that the positive sentiments now being felt may soon dissipate and weaken. 

The gush of domestic liquidity, which is the main driving force behind the rally in India, is likely to keep the market resilient. If Nifty is to go past 26,000 decisively and sustain there, it has to be led by the Bank Nifty. There is more steam in this segment."

Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:50 AM

Stock Market LIVE Updates: NBFC loan growth to moderate to 18% in FY25, says S&P Global Ratings

Stock Market LIVE Updates: Reflecting the cumulative impact of Reserve Bank of India’s (RBI’s) actions, loan growth of rated finance companies in India will moderate to 18 per cent during the current financial year (FY25) from 20 per cent in FY24, according to S&P Global Ratings.

Geeta Chugh, credit analyst, S&P Global Ratings, in a statement said, “We anticipate that recent actions by the RBI will curtail lenders’ over-exuberance, enhance compliance, and safeguard customers.” READ MORE