Market Close Highlights: Sensex ends 50 pts lower at 79,500; Nifty at 24,150; PSB, Oil drag, IT up

Stock Market Highlights: Benchmark Indian equity indices ended in the red for the second straight session on Friday, weighed most by financial and OMC stocks

11:24 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - Fireside Chat with Irdai Chairman Debasish Panda

Stock Market LIVE Updates: Debasish Panda: Going forward, millennials will demand DIY - do it yourself - products which will be possible with data and digitisation.

11:19 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - Fireside Chat with Irdai Chairman Debasish Panda

Stock Market LIVE Updates: Debasish Panda: Today, there is limited choice for customers due to agents. What we are trying is to open up (the sector) so that consumers get more choice.

11:15 AM

Stock Market LIVE Updates: Yatharth Hospital shares plunge 7% after margins fall in Q2 earnings

Stock Market LIVE Updates: Shares of Yatharth Hospital & Trauma Care Services plummeted 6.77 per cent at Rs 612.75 a piece on the BSE after the company reported a slight drop in operating margin in second quarter earnings for the financial year 2024-25 (Q2FY25).

 

Yatharth Hospital reported a 11.9 per cent increase in its consolidated net profit for the September quarter, which stood at Rs 30.9 crore, compared to Rs 27.6 crore in the same period last year. READ MORE

 

11:09 AM

Stock Market LIVE Updates: RVNL share price slips 7% after September quarter profit tanks 27% YoY

Stock Market LIVE Updates: State-owned railway company Rail Vikas Nigam Limited (RVNL) tanked up to 7.02 per cent to hit an intraday low of Rs 444 per share on Friday, November 08, 2024.

 

The fall in RVNL share price came after the company announced a weak set of September quarter of financial year 2025 (Q2FY25) results on Thursday post-market hours. READ MORE

 

11:02 AM

Stock Market LIVE Updates: 11 AM Market Update - Sensex, Nifty trade muted

Stock Market LIVE Updates: Benchmark Indian equity indices were trading on a muted and volatile note on Friday.

At 11 AM, the BSE Sensex was lower by 55 points, or 0.07 per cent, at 79,486, while the Nifty 50 was at 24,167, down 31.5 points, or 0.13 per cent.

 

10:58 AM

Stock Market LIVE Updates: ACME Solar Holdings IPO closes today - GMP turns flat; should you invest?

Stock Market LIVE Updates: The three-day subscription window to bid for the initial public offering (IPO) of ACME Solar Holdings is set to conclude today, Friday, November 8, 2024.

Through this IPO, the company aims to raise Rs 2,900 crore by issuing a fresh offering of 82,871,973 shares and an offer for sale of 17,474,049 shares with a face value of Rs 2 apiece. So far, the IPO has received a tepid response from investors, with a subscription rate of 0.72 times, according to the latest data from the NSE. READ MORE

 

 

10:56 AM

Stock Market LIVE Updates: Final Hours! Swiggy IPO closes today: GMP sees sharp decline; bid or avoid?

Stock Market LIVE Updates: The initial public offering (IPO) of Swiggy, the online food and grocery delivery platform, which opened for public subscription on Wednesday, November 6, will close today, Friday, November 8, 2024.

 

The Rs 11,327.43 crore public offering for Swiggy, comprising a fresh issue of 115,358,974 shares and an offer for sale (OFS) of 175,087,863 shares with a face value of Re 1, has seen a muted response from investors so far, achieving 0.35 times subscription by the end of the second day, according to NSE data. READ MORE

 

10:48 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Rahul Prasad: IFSCA encourages constant dialogue on growth and opportunities. There is a methodical approach for inter/regulatory aspects. Companies too should be keen on it. Early troubles like payments are also getting sorted out

 

10:47 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Kunal Shah: The overall interest in GIFT that we see is that overseas funds want to access the Indian liquidity for raising capital.

Secondly, on an inbound basis, capital is being accessed to invest in India as well. 

10:47 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Dipesh Shah: There are enough checks and balances to what one can and cannot do in GIFT City

 

10:46 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Dipesh Shah: The cost of running funds outside is extremely high. For example, the legal costs are high. Within GIFT, it is calculated in INR which helps

10:45 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Kunal Shah: GIFT gives us an opportunity on how you can undertake fund management activity within India. In other cases, your funds are either in Singapore or Mauritius. 

10:44 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Vaibhav Shah, Head Business Development Strategy & International Sales, Mirae Asset Investment Managers (India): GIFT city is one of the easiest ways through which foreign nationals can invest in Indian markets.

10:43 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Vaibhav Shah, Head Business Development Strategy & International Sales, Mirae Asset Investment Managers (India): We set out office in October 2023. We moved management of one of our firms and now doing so in GIFT.

Acceptability of GIFT has become large. We launched an inbound fund in GIFT worth $15 million of which 85 per cent is from foreign nationals

 

10:41 AM

Stock Market LIVE Updates: BS BFSI Insight Summit - How can GIFT City in boost India's financial sector

Stock Market LIVE Updates: Rahul Prasad, CEO, HDFC Life International and Reinsurance: We see GIFT City as  multi decadal opportunity