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

8:49 AM

Stock Market LIVE Updates: Nazara Tech to raise Rs 900 crore; ups stake in Absolute Sports to 91%

Stock Market LIVE Updates: Gaming and sports media company Nazara Technologies on Wednesday said its board has approved a preferential equity issue to raise Rs 900 crore.

Nazara also announced increasing its stake in Absolute Sports to 91 per cent. READ MORE

8:41 AM

Stock Market LIVE Updates: AI Alliance adds 7 Indian members including Infosys, AI4Bharat & Sarvam AI

Stock Market LIVE Updates: AI Alliance, a global consortium led by companies like Meta and IBM to support open-source AI, on Wednesday added seven new members from India, including Infosys, AI4Bharat (IIT Madras), IIT Jodhpur, KissanAI, People+AI, Sarvam AI, and Wadhwani AI.

These companies are joined by IIT Bombay as one of the founding members of the alliance. READ MORE

 

8:37 AM

Stock Market LIVE Updates: Exports demand likely to keep Bajaj Auto's shares under pressure

Stock Market LIVE Updates: Investors will have to weigh conflicting information about Bajaj Auto. On the exports front, Bajaj is under pressure in Bangladesh and Africa. On the domestic front, it could ride improvement in rural demand and new launches but it also has to cope with competitive intensity and a high base.

The management projects 7-8 per cent volume growth in domestic 2W in financial year 2025 (FY25) with moderation in H2FY25 due to a high base Y-o-Y. 

READ MORE

8:32 AM

Stock Market LIVE Updates: Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities

Stock Market LIVE Updates: Quantum Mutual Fund has filed an appeal in the National Company Law Appellate Tribunal, Delhi (NCLAT), against the delisting of ICICI Securities Ltd.
 

Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT) Mumbai had, on August 21, approved the delisting of ICICI Securities Ltd from the stock exchanges. READ MORE

 

8:30 AM

Stock Market LIVE Updates: Gold price dips Rs 10to Rs 74,720, silver falls Rs 100 to Rs 90,900

Stock Market LIVE Updates: The price of 24-carat gold dipped Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 74,720 according to the GoodReturns website.

The price of silver declined Rs 100, with one kilogram of the precious metal selling at Rs 90,900. READ MORE

 

8:27 AM

Stock Market LIVE Updates: US Fed cuts 50 bps rate: Here're key takeaways from Jerome Powell statement

Stock Market LIVE Updates: The US Federal Reserve, on Wednesday, September 18, 2024, announced its decision to cut the interest rate by half a percentage or 50 basis points to fight off a slowdown in the labor market.

 

"In light of the progress on inflation and the balance of risks, the committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 per cent," the Fed said. READ MORE

 

 

8:24 AM

Stock Market LIVE Updates: NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Stock Market LIVE Updates: India's largest power generating company, the state-owned NTPC Limited, has filed IPO papers for its green energy arm. The company plans to raise close to $1.2 billion or approximately Rs 10,000 crore through the public issue of NTPC Green Energy Ltd (NGEL).

Senior management of the company confirmed the development, but the spokesperson declined to comment. READ MORE

 

8:23 AM

Stock Market LIVE Updates: Bourses up vigil on SME IPOs: Mandate comprehensive financial disclosures

Stock Market LIVE Updates: Stock exchanges have intensified vigil on Small and Medium Enterprise (SME) listings by mandating more comprehensive financial disclosures and enhanced monitoring of utilisation of issue proceeds from investment bankers, amid rising instances of dubious practices.

 

Bourses — responsible for vetting initial public offering (IPO) documents and granting approvals to SMEs — have tightened norms in recent weeks with further measures planned for new filings to safeguard investor interests, sources said. READ MORE

8:21 AM

Stock Market LIVE Updates: Sebi remains bullish on Reit market in India, says WTM Ashwani Bhatia

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) expects the assets under management of real estate investment trusts (Reits) to surge manifold in the coming years, underpinned by regulatory reforms, transparency in the valuations and enhanced performance metrics, whole-time member Ashwani Bhatia said on Wednesday. READ MORE

8:18 AM

Stock Market LIVE Updates: Information technology stocks suffer biggest one-day fall in six weeks

Stock Market LIVE Updates: Information technology (IT) stocks posted their sharpest drop in over six weeks on Wednesday. 

Market players said the underperformance of the IT sector during previous rate cut cycles by the US Federal Reserve (Fed), coupled with Accenture’s decision to defer staff promotions, dampened investor sentiment. 
 

Experts also attributed the decline to profit booking following a sharp 25 per cent increase over the past three months. READ MORE

8:16 AM

Stock Market LIVE Updates: Stocks To Watch: ICICI Securities, Nazara, NTPC, AB Capital, Tata Power

Stock Market LIVE Updates: NTPC has filed for an IPO of its green energy arm, NTPC Green Energy, with an aim to raise approximately $1.2 billion (Rs 10,000 crore). READ MORE

8:14 AM

Stock Market LIVE Updates: Jigar S Patel of Anand Rathi recommends buying these three stocks today

Stock Market LIVE Updates: Lodha Developers: After reaching a peak near the Rs 1,590-mark on July 10, 2024, the stock has experienced a significant decline, shedding nearly 450 points, which translates into an approximate 28 per cent drop in price. READ MORE

8:13 AM

Stock Market LIVE Updates: Nifty Auto, Energy bearish on charts; check key levels and trading strategy

Stock Market LIVE Updates: The Nifty Auto Index is currently showing a bearish trend in the near term, indicating potential downside risks. Traders should closely monitor the 25600 level, as a trade and close below this mark could trigger a significant sell-off in the index and its constituents. 

A break below this level would signal increased selling pressure, leading to further declines. READ MORE

 

8:11 AM

Stock Market LIVE Updates: Fed's bold move reshapes policy horizon for counterparts around the world

Stock Market LIVE Updates: The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon for counterparts spanning the globe.

In Europe and most other developed nations — where officials tend to insist that decisions in Washington don’t affect their own policy trajectory — comfort might be taken in Fed Chair Jerome Powell’s declaration Wednesday that the US economy remains in good shape. READ MORE

 

8:10 AM

Stock Market LIVE Updates: Stock market today: Sensex, Nifty strategy as US Fed cuts rate by 50 bps

Stock Market LIVE Updates: Late on Wednesday, the Federal Open Market Committee (FOMC) cut its policy rate by half a percentage point to a target range of 4.75 per cent to 5 per cent.

The decision, Fed Chair Jerome Powell said, was taken "in light of the progress on inflation and the balance of risks", with the FOMC judging that "the risks to achieving its employment and inflation goals are roughly in balance". Powell justified the outsized cut as the Fed's "commitment to not being behind the curve".

That said, while the US markets, first, rejoiced and leaped to fresh record highs, the indices ended lower as Jerome Powell said the first rate cut doesn't imply a similar pace ahead. READ MORE