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

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: A whole lot of insurance plans are available to NRIs which are dollar denominated and cross border which is available in GIFT city 

10:40 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, ED, IFSCA: The concept of GIFT started with an experiment and now it has picked up. Institutions going out question themselves and say they do not need other countries to do business. They can catch a short flight from Mumbai itself.

10:39 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, ED, IFSCA: It’s not an easy task to call a zone outside the foreign exchange. Regulators visualised they will need a financial centre creating jobs and business within India.

 

From 129 firms licensed by previous regulators in 2015-2019, today there are 720 firms such as banks, stock exchanges and even aircraft leasing.

10:38 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, ED, IFSCA: There is a lot of interest in GIFT. It started with a concept if we can have an international financial centre in India since people were going out to do business.

 

10:37 AM

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

Stock Market LIVE Updates: In the third and last day of the BS BFSI Insight Summit,

Dr Dipesh Shah, ED, IFSCA;

Ganeshan Murugaiyan, Head of Corporate Coverage and Advisory, BNP Paribas;

Kunal Shah, Partner, PwC;

Rahul Prasad, CEO, HDFC Life International and Reinsurance;

and Vaibhav Shah, Head Business Development Strategy & International Sales, Mirae Asset Investment Managers (India);

discuss the prospects of GIFT City giving a boost to India's financial sector.

10:16 AM

Stock Market LIVE Updates: Nifty 50: Here's how experts interpret the recent stock market volatility

Stock Market LIVE Updates: The NSE Nifty 50 index has experienced higher volatility in the recent trading sessions owing to the key events in the US. The NSE benchmark index ended around 1 per cent higher or lower in each of the last four trading sessions; thus swaying investor’s mood from bearish to bullish and vice versa.

 

Over the course of the last six weeks, the Nifty 50 index has plunged over 9 per cent or over 2,400 points from its peak of 26,277, hit on September 27, 2024. However, the recent sharp swings in Nifty are of the highest margin in terms of per centage during the entire period. READ MORE

 

10:05 AM

Stock Market LIVE Updates: 10 AM Market Update - Sensex, Nifty volatile

Stock Market LIVE Updates: Having pared their opening losses, benchmark Indian equity indices were trading on a muted and volatile note on Friday.

At 10 AM, the BSE Sensex was higher by 28 points, or 0.04 per cent, at 79,570, while the Nifty 50 was at 24,197, down 1.5 points, or 0.01 per cent.

 

9:51 AM

Stock Market LIVE Updates: Brigade Ent gains over 2% after JDA to develop residential project in Chennai

Stock Market LIVE Updates: Brigade Enterprises has signed a Joint Development Agreement (JDA) to develop 1 million square feet of residential apartments in West Chennai.

The project is estimated to have a Gross Development Value (GDV) of about Rs 800 crore.

 

9:44 AM

Stock Market LIVE Updates: Lupin drags over 1% even as Q2 net profit nearly doubles to Rs 850 crore

Stock Market LIVE Updates: Lupin’s Q2FY25 net profit grew to Rs 850 crore, up from Rs 490 crore in the same period last year. Revenue for the quarter reached Rs 5,670 crore, compared to Rs 5,040 crore in Q2FY25 FY23.

The company’s Ebitda grew to Rs 1,340 crore, up from Rs 920 crore in the previous year, with the Ebitda margin improving to 23.63 per cent from 18.21 per cent Y-o-Y.

 

9:37 AM

Stock Market LIVE Updates: Cochin Shipyard drags over 3% as Q2 net profit falls slightly to Rs 193 crore

Stock Market LIVE Updates: Cochin Shipyard reported a Q2FY25 net profit of Rs 193 crore, which is slightly lower than Rs 200 crore in the same period last year and Rs 180 crore from the previous quarter. 

Revenue for the quarter rose to Rs 1,097 crore from Rs 954 crore in Q2FY25. The company’s Ebitda was Rs 196 crore, showing a slight increase from Rs 195 crore in the previous year. However, the Ebitda margin declined to 17.87 per cent, compared to 20.43 per cent in Q2FY25 FY23. The company declared an interim dividend of Rs 4 per equity share.

 

9:29 AM

Stock Market LIVE Updates: Nifty IT, Metal gain among sectors

While most sectors were trading in red, Nifty IT, Nifty Metal and Nifty Healthcare indices were gaining in a volatile market.

9:26 AM

Stock Market LIVE Updates: Infosys, Apollo Hospitals gain on NSE

Infosys, Apollo Hospitals, Wipro and Tech Mahindra were among the top leaders on NSE. 

9:24 AM

Stock Market LIVE Updates: Broader indices in red

The BSE MidCap index fell 0.61 per cent, while the BSE SmallCap index slipped 0.91 per cent. 

9:20 AM

Stock Market LIVE Updates: 22 out of 30 stocks trade in red on Sensex

Reliance Industries, ICICI Bank and Maruti were the top losers on BSE Sensex among others.

9:17 AM

Stock Market LIVE Updates: Nifty falls below 24,150

NSE's Nifty 50 fell 70 points or 0.29 per cent at 24,128 level in the early deals of Friday.