Market Highlights, Sept 18: Sensex, Nifty retreat from record highs, end in red ahead of Fed outcome

Stock Market Highlights: As many as 33 constituent stocks on the Nifty50 ended in the red, dragged by TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro, with a fall of up to 3.50 per cent

2:16 PM

Stock Market LIVE Updates: Tata Power subsidiary bags 400 MW hybrid project from Maha discom; stock down

Stock Market LIVE Updates: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has successfully secured a letter of award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL), a wholly owned entity under the Maharashtra government, for the development of a 400 MW Wind-Solar Hybrid project in Maharashtra.

The company, in an exchange filing, said, the deal includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW.

 

2:07 PM

Stock Market LIVE Updates: Lupin enters into non-exclusive patent license agreement with Takeda Pharmaceutical

>> Lupin Limited has entered into a non-exclusive patent license agreement with Takeda Pharmaceutical Company Limited to commercialise Vonoprazan Tablets in the Indian market.

>> The drug will be marketed under the brand name Lupin’s Lupivon® and will be available in two strengths - 10 mg and 20 mg.

1:58 PM

Stock Market LIVE Updates: SBI Card approves fund raise worth Rs 5,000 crore

>> The Board of Directors of the company, at its meeting held today, has approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to Rs 5,000 crore in one or more tranches, on private placement basis.

 

1:49 PM

Stock Market LIVE Updates: Indian Hume Pipes increases capacity at Dhule plant

>> The production capacity of the company’s factories at Walwa and Dhule, Maharashtra, is proposed to be increased

>> Stock trades 1 per cent lower
 

1:39 PM

Stock Market LIVE Updates: MCX stock has doubled from June low; up 340% in 16 months; here's why

Stock Market LIVE Updates: Shares of Multi Commodity Exchange of India (MCX) hit a new high of Rs 5,966.55 as they rallied nearly 6 per cent on the BSE in Wednesday's intraday trade. 

The stock of the exchange and data platform company was trading higher for the fourth straight day, gaining 13 per cent during the period. 

MCX share price has more-than-doubled, soaring 105 per cent from its June month low of Rs 2,917. In 16 months, it has skyrocketed 340 per cent from a level of Rs 1,356 on the BSE. READ MORE

1:28 PM

Reliance Power shares lock in 5% upper circuit on bourses: Here is why

Stock Market LIVE Updates: Shares of Anil Ambani-led Reliance Power rallied northward to get locked in the 5 per cent upper circuit of Rs 32.98 on the BSE during the intra-day deals on Wednesday. Nearly a total of 126.24 lakh equity shares of Reliance Power worth around Rs 126.24 crore exchanged hands on the BSE and NSE. The trading of the stock has been halted for the day.
 

The uptick in the stock price follows the news that Vidarbha Industries Power (VIPL) ceased to be a subsidiary of Reliance Power, and the entire obligations of the company as a guarantor on behalf of VIPL stand fully settled, resulting in the release and discharge of the corporate guarantee. READ MORE

1:18 PM

Stock Market LIVE Updates: HEG, Graphite India soar up to 12.5% today; here's what's driving the rally

Stock Market LIVE Updates: HEG share price zoomed 12.5 per cent to Rs 2,376 per share on the BSE on Wednesday after ICICI Direct maintained its 'Buy' rating on the stock with a target price of Rs 2,520 per share on the stock. ICICI Direct's 12-month target price suggested a 19.3 per cent upside in the stock from Tuesday's closing level of Rs 2,111.5 per share.

According to ICICI Direct, the ongoing global shift towards Electric Arc Furnace (EAF) route, coupled with expansion led volume growth, augurs well for the company. READ MORE

1:02 PM

Stock Market LIVE Updates: 1 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices were off their record highs and were still trading higher, ahead of the much anticipated US Federal Reserve's policy decision later in the day.

At 1:00 PM, the BSE Sensex was up 66 points, or 0.08 per cent, at 83,145, while the Nifty50 was at 25,430, up 11 points, or 0.05 per cent.

12:55 PM

Stock Market LIVE Updates: Maithan Alloys increases stake in Electrosteel Castings; invests Rs 5 crore more

Stock Market LIVE Updates: Maithan Alloyes today announced that it has increased its stake in Electrosteel Castings to 0.33 per cent, from 0.29 per cent earlier.

The company, in an exchange filing, said it has made the acqiusition of an additional 0.04 per cent stake in the company for a consideration of Rs 4.99 crore.

12:54 PM

Stock Market LIVE Updates: DCM Shriram Industries gains 4% as BSE clears merger proposal

Stock Market LIVE Updates: DCM Shriram share price today: Shares of DCM Shriram Industries climbed 3.8 per cent to Rs 200 per share on the BSE on Wednesday. The gain in DCM Shriram Industries share price came after the BSE issued "no adverse" observations against the companies proposed merger plan.

At 11:00AM, DCM Shriram Industries share price was trading 3.66 per cent higher at Rs 199.55 as against the Sensex's 0.21-per cent rise. READ MORE

12:42 PM

Stock Market LIVE Updates: ICICI Bank's market cap tops Rs 9 trillion; stock hits new high

Stock Market LIVE Updates: ICICI Bank’s market capitalisation (market cap) touched Rs 9 trillion mark after its share hit a new high of Rs 1,280, up 1 per cent on the BSE, in Wednesday’s intra-day trade.

 

In one week, the stock of the second largest private sector bank in India has outperformed the market by gaining 3.5 per cent, as compared to the 1.9 per cent rise in the BSE Sensex. The bank’s market cap hit Rs 9.01 trillion in intra-day trade on Wednesday. READ MORE

12:38 PM

Stock Market LIVE Updates: India overtakes China for first time ever in key MSCI equities index

Stock Market LIVE Updates: India has overtaken China for the first time ever in a key MSCI equities index, bolstered by steady economic growth and strong flows.

India's weight in the MSCI investible large-, mid- and small-cap index has risen to 2.35 per cent, greater than China's weight of 2.24 per cent, Morgan Stanley said in a note on Tuesday. READ MORE

12:27 PM

Stock Market LIVE Updates: Inox Wind up 3%; receives LoI from IGREL Renewables for 550 Mw wind project

Stock Market LIVE Updates: Inox Wind share price today rose 3.4 per cent to Rs 253.1 per share in the intraday trade on the BSE. The share price was close to Inox Wind's stock's record high of Rs 254.2 per share, touched on September 16, 2024.
 

The rise in Inox Wind shares came after the company received a Letter of Intent (LoI) from IGREL Renewables Ltd for execution of 550 megawatt (Mw) wind capacity on turnkey basis. READ MORE

 

12:14 PM

Stock Market LIVE Updates: Reliance Infra rises 8% on paring debt, resolving power business dispute

Stock Market LIVE Updates: Reliance Infrastructure shares soared as much as 8 per cent and registered an intraday high of Rs 254.4 per share, after the company informed that it has pared down its debt.

On top of that, the company also announced that it has resolved the disputes related to the transfer of its Mumbai power business to Adani Energy Solutions. READ MORE

 

12:04 PM

Stock Market LIVE Updates: Infy, TCS, LTIM: Pivot levels to track on IT stocks as Fed readies rate cut

Stock Market LIVE Updates: The NSE Nifty IT index has taken a sharp hit, and was down 3 per cent to 42,200 levels on profit-taking in intra-day deals on Wednesday just hours before the US Federal Reserve policy decision tonight. In comparison, the NSE Nifty 50 index was seen trading on a flat note at 25,400 levels. READ MORE