Market Highlights, Sept 19: Sensex, Nifty end at record closing high after US Fed announces rate cut
Stock Market Highlights: Despite a choppy session, the day ended in favor of bulls, as many as 30 stocks of the Nifty50 index ended in the green with gains led by NTPC, Titan, and Nestle India
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12:07 PM
The Supreme Court also upheld the quantum of the AGR demand already sought by the government, reports said. READ MORE
Stock Market LIVE Updates: Vodafone Idea shares tank 10% after SC rejects AGR plea; Airtel pares gains
Stock Market LIVE Updates: Vodafone Idea share price plunged 10 per cent to Rs 11.61 per share on the National Stock Exchange (NSE) on Thursday. The crash in Vodafone Idea's stock price came after the Supreme Court, reportedly, rejected telecom companies' plea on re-computation of adjusted gross revenues (AGR).
The Supreme Court also upheld the quantum of the AGR demand already sought by the government, reports said. READ MORE
12:01 PM
At 12 PM, the BSE Sensex was at 83,110, up 162 points, or 0.20 per cent, while the Nifty 50 was at 25,394, up 16 points, or 0.07 per cent.
Stock Market LIVE Updates: 12 PM market update
Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50, off from the record levels they hit at opening bell, were trading higher, following Federal Reserve Chiar Jerome Powell's announcement of a 50bps rate cut on Wednesday evening.
At 12 PM, the BSE Sensex was at 83,110, up 162 points, or 0.20 per cent, while the Nifty 50 was at 25,394, up 16 points, or 0.07 per cent.
11:58 AM
At around 11:20 AM, shares of DCX Systems were up 1.48 per cent at Rs 343.15 per share. In comparison, the BSE Sensex traded 538.13 points higher at 83,486.36 around the same time. READ MORE
Stock Market LIVE Updates: DCX Systems bags Rs 155-cr order from Israeli defence co; stock rises 5%
Stock Market LIVE Updates: DCX Systems share price advanced as much as 5 per cent and recorded an intraday high of Rs 355.05 per share on the BSE on Thursday. The up-move in the stock came after the aerospace and defence company bagged an export order from Israel-based Elta Systems orders worth Rs 154.8 crore.
At around 11:20 AM, shares of DCX Systems were up 1.48 per cent at Rs 343.15 per share. In comparison, the BSE Sensex traded 538.13 points higher at 83,486.36 around the same time. READ MORE
11:43 AM
Stock Market LIVE Updates: SC rejects Voda-Idea, Airtel plea for re-computation of AGR dues; Voda down 10%
Stock Market LIVE Updates: Shares of Vodafone Idea tumbled 10 per cent, after the Supreme Court rejected a plea by Vodafone Idea and Bharti Airtel to re-compute their Adjusted Gross Revenues, reported NDTV Profit.
11:34 AM
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of 360 ONE WAM LIMITED at its meeting held today i.e. September 19, 2024, has, inter-alia, approved raising of funds by issue of such number of equity shares of the Company of face value Re. 1 each, for an aggregate amount not exceeding Rs. 2,250 Crores, through Qualified Institutions Placement in one or more tranches."
Stock Market LIVE Updates: 360 One Wam board approves Rs 2,250 cr via QIP issue
Stock Market LIVE Updates: 360 One Wam today announced that its board of directors has approved the company's proposal to raise Rs 2,250 crore, through a QIP issue.
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of 360 ONE WAM LIMITED at its meeting held today i.e. September 19, 2024, has, inter-alia, approved raising of funds by issue of such number of equity shares of the Company of face value Re. 1 each, for an aggregate amount not exceeding Rs. 2,250 Crores, through Qualified Institutions Placement in one or more tranches."
11:24 AM
The company added that following the fresh order, the total amount of the deal to now build eight vessels has reached $108 million.
The company, in an exchange filing, said, "We would like to inform that on 18 Sep 2024, the Company has received a confirmation from the customer to buy and deliver additional four (04) Multi-Purpose Vessels, on the existing terms and conditions."
Regarding the amount for the deal, It added, "Additional Approx. 54 million contract(s) USD for further four vessels. The total value would be approx. 108 million USD for eight vessels."
Stock Market LIVE Updates: Garden Reach to build 4 more vessels for its German client for an additional $54 mn
Stock Market LIVE Updates: Garden Reach Shipuilders and & Engineers today announced that it has received an additional order to build four more vessels for Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany, for an additional amount of $54 million.
The company added that following the fresh order, the total amount of the deal to now build eight vessels has reached $108 million.
The company, in an exchange filing, said, "We would like to inform that on 18 Sep 2024, the Company has received a confirmation from the customer to buy and deliver additional four (04) Multi-Purpose Vessels, on the existing terms and conditions."
Regarding the amount for the deal, It added, "Additional Approx. 54 million contract(s) USD for further four vessels. The total value would be approx. 108 million USD for eight vessels."
11:13 AM
The company, in an exchange filing, stated, "This is to inform you that yesterday there was a web posting of an article which has also been published on the social media claiming that they have breached the database of Federal Bank, FedNet (an Indian bank) and their associated companies. They are also claiming that they have targeted the Company’s IT infrastructure by Ransomware attack."
The banck further stated, "We wish to clarify that upon thorough investigation by our IT team, it has been confirmed that these claims are unfounded. Our team cross checked the details with internal records and established that the alleged breach pertains to an old, already known, and non-compromising data set from 2022. This appears to be a resurfaced and reshared post with no relevance to current operations."
The company confirmed that there has been no breach of its core systems or any ransomware attack on its infrastructure.
Stock Market LIVE Updates: Federal Bank rubbishes false reports of fresh data breach, cites old incident
Stock Market LIVE Updates: Federal Bank today informed that reports circulating online about a data breach and ransomware attack are false.
The company, in an exchange filing, stated, "This is to inform you that yesterday there was a web posting of an article which has also been published on the social media claiming that they have breached the database of Federal Bank, FedNet (an Indian bank) and their associated companies. They are also claiming that they have targeted the Company’s IT infrastructure by Ransomware attack."
The banck further stated, "We wish to clarify that upon thorough investigation by our IT team, it has been confirmed that these claims are unfounded. Our team cross checked the details with internal records and established that the alleged breach pertains to an old, already known, and non-compromising data set from 2022. This appears to be a resurfaced and reshared post with no relevance to current operations."
The company confirmed that there has been no breach of its core systems or any ransomware attack on its infrastructure.
11:07 AM
Asian equities, however, saw meaningful gains Thursday morning where Indian equities hit fresh record highs. READ MORE
Stock Market LIVE Updates: Gold, Equities, Oil, Bonds: What next for these assets after Fed rate cut?
Stock Market LIVE Updates: The US Federal Reserve's jumbo rate cut of 50 basis points -- a first since early 2020 -- triggered volatility across various asset classes. The US equities, for instance, ended lower on Wednesday, as did the Spot Gold in the international market.
Asian equities, however, saw meaningful gains Thursday morning where Indian equities hit fresh record highs. READ MORE
11:02 AM
At 11 AM, the BSE Sensex was at 83,467, up 518 points, or 0.63 per cent, while the Nifty 50 was at 25,513, up 136 points, or 0.54 per cent higher.
Stock Market LIVE Updates: 11 AM market update
Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading at elevated levels after opening at fresh all-time highs on Thursday, following Federal Reserve Chiar Jerome Powell's announcement of a 50bps rate cut on Wednesday evening.
At 11 AM, the BSE Sensex was at 83,467, up 518 points, or 0.63 per cent, while the Nifty 50 was at 25,513, up 136 points, or 0.54 per cent higher.
10:55 AM
Stock Market LIVE Updates: Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?
Stock Market LIVE Updates: Information technology (IT) stocks were buzzing in trade on Thursday, September 19, 2024, with some shares rising by as much as 4 per cent during intraday trading.
The Nifty IT index climbed 1.80 per cent, reaching an intraday high of 42,850.45 points, after the US Fed cut interest rates. Notably, Nifty IT was the top sectoral gainer. READ MORE
10:46 AM
Stock Market LIVE Updates: Will the BSE Sensex hit 90,000-mark by Dec 2024? Here's what chart says
Stock Market LIVE Updates: The BSE Sensex rallied 1 per cent or 826 points in Thursday's intra-day deals to hit a new all-time high at 83,774 following a 50 basis points interest rate cut announced by the US Federal Reserve.
Analysts believe that availability of cheaper funds in the US could attract more foreign inflows to markets such as India. READ MORE
Analysts believe that availability of cheaper funds in the US could attract more foreign inflows to markets such as India. READ MORE
10:30 AM
Policymakers, according to reports, expect the Fed's benchmark to fall another half of a percentage point by 2024-end, and another one per cent in 2025. READ MORE
Stock Market LIVE Updates: US Fed rate cut: How leading brokerages interpret the development
Stock Market LIVE Updates: The US Federal Reserve (US Fed) has cut the target range for the federal funds rate by 50 basis points (bps), from 5.25 - 5.5 per cent earlier to 4.75 - 5.00 per cent on Wednesday,the first time since 2020. The cut comes amid concerns regarding the job market in the US, and ahead of the US presidential elections in November 2024.
Policymakers, according to reports, expect the Fed's benchmark to fall another half of a percentage point by 2024-end, and another one per cent in 2025. READ MORE
10:15 AM
Stock Market LIVE Updates: Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap
Stock Market LIVE Updates: The market capitalisation of major telecom service provider Bharti Airtel crossed Rs 10 trillion for the first time ever after the company's stock price hit a new high of Rs 1,673.35, gaining 1 per cent on the Bombay Stock Exchange (BSE) in Thursday’s intra-day trade. READ MORE
10:02 AM
At 10 AM, the BSE Sensex was at 83,538, up 590 points, or 0.71 per cent, while the Nifty 50 was at 25,531, up 154 points, or 0.61 per cent higher.
Stock Market LIVE Updates: Sensex, Nifty open at record highs after 50bps cut by US Fed
Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading at fresh all-time highs on Thursday, after Jerome Powell-led US Federal Reserve announced a 50bps rate cut on Wednesday evening.
At 10 AM, the BSE Sensex was at 83,538, up 590 points, or 0.71 per cent, while the Nifty 50 was at 25,531, up 154 points, or 0.61 per cent higher.
9:59 AM
Stock Market LIVE Updates: Dividend, Bonus, Split: RITES, NALCO, 121 others stocks go ex-date tomorrow
Stock Market LIVE Updates: Shares of Goodluck India, National Aluminium Company (NALCO), National Fertilizers, and 114 other companies will trade ex-date tomorrow as they have the dividend payouts for the eligible shareholders.
Meanwhile, shares of RITES will trade ex-date tomorrow for the dividend payout of Rs 5 apiece, as well as for a bonus issue in the ratio of 1:1. Accordingly, the eligible shareholders will get 1 share each for every one existing share. READ MORE
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First Published: Sep 19 2024 | 7:49 AM IST
