Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine

Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree

2:33 PM

Stock Market LIVE Updates: Star Health investigates alleged role of security chief in data leak

Stock Market LIVE Updates: India's Star Health is investigating accusations that its chief information security officer played a role in a data leak by a self-styled hacker who used Telegram chatbots and websites to disseminate customers' medical records and personal data. READ MORE

 

2:30 PM

Stock Market LIVE Updates: Gujarat Fluoro rallies 7%, hits new high on hopes of strong FY25 earnings

Stock Market LIVE Updates: Gujarat Fluorochemicals (GFL) shares hit a record high of Rs 4,696.35 as they rallied 7 per cent on the BSE in Thursday's intraday trade on expectation of a significant earnings recovery in the financial year 2024-25 (FY25). The stock surpassed its previous high of Rs 4,531.50 touched on September 17, 2024. In the past five weeks, it has zoomed 52 per cent. A sharp rally in Gujarat Fluorochemicals stock price has seen the company's market capitalisation to cross Rs 50,000-crore mark for the first time. READ MORE

2:22 PM

Stock Market LIVE Updates: Suzlon gets Jindal Renewables wind plant deal for green steel production

Stock Market LIVE Updates: Suzlon said on Thursday it had won a 400 megawatt (Mw) order from JSP Green Wind 1, a special-purpose vehicle of Jindal Renewables, to decarbonise steel production. The project is the largest commercial and industrial wind energy order in India, according to a joint press statement. Suzlon will install 127 wind turbine generators (WTGs) with a rated capacity of 3.15 Mw each, utilising Hybrid Lattice Tubular (HLT) towers in Koppal region in Karnataka. RAED MORE

2:16 PM

Stock Market LIVE Updates: Why Samir Arora thinks investing in Auto industry is a 'Ridiculous Trade'?

Stock Market LIVE Updates: As the Indian markets braces for the opening of the initial public offering (IPO) of Hyundai Motor India, which will be the first IPO from the auto industry in two decades following Maruti Suzuki's listing in 2003, Samir Arora of Helios Capital says that the auto industry does not seem to be a lucrative place to invest in. Notably, with the IPO, the South Korean carmaker Hyundai seeks to raise Rs 27,856 crore by offloading up to 14,21,94,700 equity shares from its India arm. READ MORE

 

2:10 PM

Stock Market LIVE Updates: GM Breweries down 6% after reporting weak Q2FY25 results; profit slips 3%

Stock Market LIVE Updates: GM Breweries' share price lost as much as 6.4 per cent on Thursday (October 10) and logged an intraday low of Rs 805 per share. The selling in the stock came after the company released its Q2FY25 results. At around 12:44 PM, GM Breweries shares were down 3.15 per cent at Rs 832.75 per share. In comparison, the BSE Sensex was up 0.30 per cent at 81,708.93 at around the same time. READ MORE

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Thursday, tracking overnight gains on the Wall Street, along with gains in the Asia Pacific markets. 

At 2 PM, the BSE Sensex was up 219.19 points, or 0.27 per cent, at 81,686, while the Nifty 50 was at 25,019, up 38 points, or 0.15 per cent.

1:49 PM

Stock Market LIVE Updates: Defence stocks soar up to 7% after govt okays building 2 nuclear submarines

Stock Market LIVE Updates: Shares of Mazagon Dock Shipbuilder, Cochin Shipyard, Hindustan Aeronautics (HAL), among other defence-related companies, rallied up to 7.6 per cent in Thursday's intraday trade.

 

Stocks of companies involved in the defence sector climbed a day after the government's Cabinet Committee on Security cleared major deals for building two nuclear submarines indigenously, apart from buying 31 predator drones from the US. READ MORE

1:37 PM

Stock Market LIVE Updates: RBI's caution against inflation may halt rally in FMCG stocks: Analysts

Stock Market LIVE Updates: The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the October monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said.  

They, however, believe FMCG stocks may ride through this near-term investor anxiety as related companies are, typically, well-equipped to handle inflation due to their pricing power and steady demand for essential goods. They suggest investors use any near-term dips to accumulate quality stocks for the long-term. READ MORE

1:27 PM

Stock Market LIVE Updates: IIFL Finance shares jump 4% after board approves NCD issue worth Rs 150 cr

Stock Market LIVE Updates: IIFL Finance share price today jumped up to 4.24 per cent at Rs 473 per share on the BSE in Thursday’s intraday trade. This came after the company’s board approved an non convertible debentures (NCDs) issue of Rs 150 crore. 

 

The securities being offered are unsecured redeemable NCDs–Series D26, with a private placement issuance type. READ MORE

 

1:14 PM

Stock Market LIVE Updates: Adani group seeks $1 bn funding from sovereign fund for airport expansion

Stock Market LIVE Updates: The Adani Group is in advanced discussions with a Middle Eastern sovereign fund to raise up to $1 billion for its airports division, according to a report by The Economic Times.

 

These fundraising efforts coincide with Adani Enterprises’ launch of a qualified institutional placement (QIP) on Wednesday, aiming to secure up to Rs 4,200 crore ($500 million), which is lower than initially targeted due to global market fluctuations, the report said. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade in green

Stock Market LIVE Updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Thursday, tracking overnight gains on the Wall Street, along with gains in the Asia Pacific markets. 

 

At 1 PM, the BSE Sensex was up 173 points, or 0.21 per cent, at 81,640, while the Nifty 50 was at 25,017, up 35 points, or 0.14 per cent.

12:53 PM

Stock Market LIVE Updates: Ashoka Buildcon up 5% as JV emerges lowest bidder for order of Rs 1,668 cr

Stock Market LIVE Updates: Construction major Ashok Buildcon shares rallied up to 5.27 per cent to an intraday high of Rs 252.40 per share on October 10, 2024. 

The rise in the share price came after the company announced that its joint venture (JV) has emerged as the lowest bidder for a project of Rs 1,667.78 crore from City & Industrial Development Corporation of Maharashtra Limited (CIDCO). READ MORE

12:53 PM

Stock Market LIVE Updates: DLF surges 3% on reports of launching India's costliest project in Gurugram

Stock Market LIVE Updates: Share price of real estate giant DLF surged up to 878.20 a piece on Thursday, rising 3.03 per cent intraday amid reports of launching a super luxury residential project in Gurugram. 

 

According to reports,  DLF is set to launch what could be India’s most expensive super luxury high-rise condominium in terms of carpet area—DLF The Dahlias. Located directly across from the existing Camellias on Gurgaon’s Golf Course Road. READ MORE

12:30 PM

Stock Market LIVE Updates: What's driven a 200% rally in this power tech co in 2024 so far? Details

Stock Market LIVE Updates: Shares of Hitachi Energy India hit a new high of Rs 15,626.10, as they rallied 7 per cent on the BSE in Thursday’s intraday trade on a strong outlook.

 

In the past three trading days, the stock of the power technology firm has surged 15 per cent after the company announced its plans to invest around Rs 2,000 crore to expand its capacity, portfolio and talent base.
 

Thus far in the calendar year 2024, the stock price of Hitachi Energy India has zoomed nearly 200 per cent from the level of Rs 5,250 at the end of calendar year 2023. In comparison, the BSE Sensex was up 13 per cent during the same period. READ MORE

12:14 PM

Stock Market LIVE Updates: 5 lesser-known Tata Group shares have surged up to 90% in 2024; what next?

Stock Market LIVE Updates: Tata Group stocks have been significant wealth creators for investors over time. Companies such as Tata Consultancy Services (TCS), Tata Motors, Tata Steel and Tata Consumer Products are a household name in India.

 

Paying tribute to the former Tata Group chairperson Ratan Tata, investors should learn from the growth of the Tata Empire that a long-term investment horizon is required to really participate in the wealth creation that happens through the capital market, Dr. V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services said in a note. READ MORE