Market Highlight, Oct 31: IT stocks drag Sensex, Nifty on last Samvat 2080 day; Muhurat trading eyed

Stock Market Highlights: Benchmark equity indices BSE Sensex and Nifty 50 settled in red on Thursday

2:26 PM

Stock Market LIVE Updates: Cube Highways: Rs 1,164.3 cr profit in H1FY25, Q2 distribution declared

Stock Market LIVE Updates: Infra investment trust Cube Highways Trust, managed by Cube Highways Fund Advisors on Thursday reported a consolidated net profit of Rs 1,164.3 crore for the first half of the financial year 2024-25 (H1FY25), driven by robust performance across its portfolio.

 

The total consolidated income for the period stood at Rs 1,689.1 crore, while the consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda) was Rs 1,164.3 crore. READ MORE

 

2:13 PM

Stock Market LIVE Updates: Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

Stock Market LIVE Updates: Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP). READ MORE

2:01 PM

Stock Market LIVE Updates: Waaree Energies extends rally after strong debut; zooms 81% over IPO price

Stock Market LIVE Updates: Waaree Energies (Waaree) share price hit a new high of Rs 2,718.75 as it surged 12 per cent on the BSE in Thursday's intraday trade amid heavy volumes. The stock price of one of the leading Indian renewable energy companies, specialising in solar energy solutions, has zoomed 81 per cent against its issue price of Rs 1,503 per share. READ MORE 

 

1:55 PM

Stock Market LIVE Updates: Automotive Axles share drops over 5% as Q2 operating profit tanks 23% YoY

Stock Market LIVE Updates: Automotive components manufacturer, Automotive Axles, shares dropped up to 5.27 per cent to hit an intraday low of Rs 1,746.40 per share on Thursday, October 31, 2024. The fall in Automotive Axles share price came on the back of weak set of September quarter of financial year 2025 (Q2FY25) results announced on Wednesday, October 30, 2024. READ MORE

1:46 PM

Stock Market LIVE Updates: Insolation Energy up 7% as board to mull stock split on Nov 5

Stock Market LIVE Updates: Insolation Energy shares jumped 7.3 per cent in trade on Thursday and registered an intraday high of Rs 3,795 per share on BSE. The stock climbed after the company's board to consider stock split. Around 1:02 PM, Insolation Energy shares were up 6.08 per cent at Rs 3750.05 per share. In comparison, the BSE Sensex was down 0.66 per cent at 79,417. The market capitalisation of the company stood at Rs 7,812.1 crore. READ MORE

1:43 PM

Stock Market LIVE Updates: Swiggy IPO gets bids of $15 bn from big investors like Norges, Fidelity

Stock Market LIVE Updates: Big investors including Norway's sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy's India IPO, 25 times the $605 million portion reserved for such investors, four sources told Reuters on Thursday.

 

Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35 billion IPO that will be country's second-biggest stock offering this year. The bidding process is ongoing. READ MORE

 

 

1:33 PM

Stock Market LIVE Updates: From Reliance to Unilever, firms worried about low consumer demand in India

Stock Market LIVE Updates: Consumer companies in India making everything from soaps to cars are sounding the alarm: the urban middle class continues to trim its spending for at least the second straight quarter as inflation and unemployment weigh on sentiment. 

 

At least seven of India’s largest companies, including Reliance Industries Ltd.’s retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment in their earnings for the July to September quarter. READ MORE

 

 

 

1:15 PM

Stock Market LIVE Updates: Prudent Corporate Advisory jumps 12% to hit 52-wk high on strong Q2 numbers

Stock Market LIVE Updates: Shares of retail wealth management company Prudent Corporate Advisory Services climbed 11.63 per cent to a 52-week high of Rs 3,029.20 on the NSE during early trade in an otherwise weak market on Thursday. The uptick in the company’s stock price follows its strong financial results for the second quarter of the fiscal year 2024-25.

 

On October 30, the company informed the exchanges that its revenue from operations in Q2FY25 grew 51 per cent year-on-year to Rs 286.1 crore, driven by a 53 per cent increase in quarterly average AUM in the mutual fund segment, coupled with a 36 per cent growth in revenues from non-mutual fund products. READ MORE

 

1:03 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade in negative territory

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty 50 were trading deep in red on Thursday, amid mixed global cues. 

At 1 PM, the BSE Sensex was down 529.57 points, or 0.66 per cent, at 79,412.61, while the Nifty 50 was at 24,202.80, lower by 138.05 points, or 0.57 per cent. 

 

12:57 PM

Stock Market LIVE Updates: Ashok Leyland sets November 19 as record date for FY25 interim dividend

Stock Market LIVE Updates: Ashok Leyland today informed that the record date for the interim dividend for FY25, will be November 19, if the board approves the company's proposal to declare an interim dividend.

The company, in an exchange filing, said, "We write to inform you that pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board will inter alia consider amongst other agenda items, the proposal of declaring interim dividend on the equity shares of the Company for the FY 2024-25.
 

The Interim Dividend, if declared, by the Board of Directors of the Company, will have a Record Date as Tuesday, November 19, 2024."

12:44 PM

Stock Market LIVE Updates: Biocon shares tank 6% after reporting net loss of Rs 16 cr in Q2FY25

Stock Market LIVE Updates: Shares of pharmaceutical company Biocon tanked 5.96 per cent at Rs 301.65 a piece on the BSE. Biocon share price today fell in the early hours of trade after it reported a net loss in the second quarter of financial year 2024-25 (Q2FY25).

 

Biocon reported a consolidated net loss of Rs 16 crore for the second quarter ended September 30, 2024. Biocon Group CEO Peter Bains attributed the loss to the increased tax burden related to the geographical distribution of profits and minority interest. READ MORE

 

12:34 PM

Stock Market LIVE Updates: Why has this Mukul Agarwal portfolio stock soared 25% in 2 days? Details

Stock Market LIVE Updates: WPIL shares rallied 9 per cent to Rs 527 on the BSE in Thursday’s intra-day trade, extending its Wednesday’s surge in an otherwise subdued market on healthy earnings.

 

In two days, the stock of the pumps and pumping systems company has zoomed 25 per cent after it posted a 63.6 per cent year-on-year (YoY) jump in consolidated net profit at Rs 70.22 crore for the second quarter ended September 2024 (Q2FY25). The company had reported a net profit of Rs 40.81 crore in the year ago quarter. READ MORE

 

 

12:20 PM

Stock Market LIVE Updates: Buy or Sell? TCS, Maruti, HUL among 7 Nifty stocks trading in oversold zone

Stock Market LIVE Updates: The NSE Nifty 50 index has shed 7.7 per cent or over 2,000 points from its all-time high of 26,277, registered on September 27, 2024. The NSE benchmark index has traded with a negative bias for more than a month now, and was down 0.3 per cent in intra-day deals on Thursday.

 

In the process, the Nifty 50 index has broken below its short- and medium-term moving averages; namely the 20-, 50- and 100-DMA (Daily Moving Average). The NSE benchmark index has been quoting below its 100-DMA for the last 7 trading sessions. READ MORE

 

12:03 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade with losses

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty 50 were trading deep in red on Thursday, amid mixed global cues. 

At 12 PM, the BSE Sensex was down 433.84 points, or 0.54 per cent, at 79,508.34, while the Nifty 50 was at 24,236.05, lower by 104.80 points, or 0.43 per cent. 

 

11:57 AM

Stock Market LIVE Updates: Swiggy IPO opens on November 6: Here's how GMP is faring ahead of opening

Stock Market LIVE Updates: The unlisted shares of food delivery giant Swiggy are trading at a premium in the grey market as the company prepares for its initial public offering (IPO), scheduled to open on Wednesday, November 6, 2024.

Grey market sources report that Swiggy’s shares, with a planned IPO size of Rs X crore, are currently priced at a Rs 25 premium—representing a 6.41 per cent gain over the IPO’s upper price band of Rs 390. Notably, Swiggy IPO grey market premium has dropped from Rs 130 recorded on October 28, 2024. READ MORE