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

12:02 PM

Stock Market LIVE Updates: 12 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 12 PM, the BSE Sensex was up 259 points, or 0.32 per cent, at 81,726, while the Nifty 50 was at 25,037, up 55 points, or 0.22 per cent.

11:43 AM

Stock Market LIVE Updates: Credit Access down over 2% as disbursements decline 19% YoY to Rs 4,004 crore

Stock Market LIVE Updates: CreditAccess Grameen today informed that its assets under management climbed 12 per cent year-on-year to Rs 25,133 crore, from Rs 22,248 crore in the year-ago period. 

However, AUM growth was 4 per cent lower quarter-on-quarter. 

Apart from that, disbursements for the company declined 19 per cent YoY and 11 per cent QoQ, to Rs 4,004 crore, from Rs 4,966 crore in the year-ago period and Rs 4,476 crore in the previous quarter. 

 

11:33 AM

Stock Market LIVE Updates: ICICI Securities slides over 3% as NCLT approves delisting plans; details

Stock Market LIVE Updates: ICICI Securities share price dipped as much as 3.42 per cent to Rs 837.65 per share on the BSE in Thursday’s early morning trade after the National Company Law Tribunal approved the delisting of the company from BSE and NSE.

 

In its order NCLT said that the proposed scheme that involves a restructuring between ICICI Bank and its subsidiary, ICICI Securities, includes delisting ICICI Securities' shares from the BSE and NSE under SEBI's Delisting Regulations, 2021. READ MORE
 

11:20 AM

Stock Market LIVE Updates: JSW Steel reports 7% YoY increase in Q2FY25 overall steel production at 6.77 MnT

Stock Market LIVE Updates: JSW Steel today informed a 7 per cent year-on-year increase in consolidated steel production at 6.77 million tonnes (MnT) in Q2FY25, compared to 6.34 MnT in the year-ago period.

Domestic production at 6.63 MnT was the highest ever number for the company, which was up 7 per cent YoY and 9 per cent QoQ, from 6.20 MnT and 6.12 MnT, respectively, in the year-ago and previous quarter.

However, the company said, US operations remained flattish YoY, and reported lower production QoQ due to maintenance shutdown there. 

 

11:13 AM

Stock Market LIVE Updates: UGRO Capital launches Rs 200 crore fundraise via NCDs

Stock Market LIVE Updates: UGRO Capital today informed the opening of the issue of secured, rated, listed, redeemable, non-convertible debentures of face value of Rs 1,000 each, aimed at raising up to Rs 200 crore. 

The company, in an exchange filing, said, the issue has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 100 crore, aggregating up to Rs 200 crore. 

It added, "The Issue opens on Thursday, October 10, 2024 and closes on Wednesday, October 23, 2024 with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations."

The company added that the NCDs have been rated 'IND A+/Stable' by India Ratings and Research Private Limited. 

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty maintain lead

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 11 AM, the BSE Sensex was up 303 points, or 0.37 per cent, at 81,770, while the Nifty 50 was at 25,070, up 88 points, or 0.35 per cent.

10:47 AM

Stock Market LIVE Updates: It has been stock picker's market since quite some time now: Rajesh Bhatia

Stock Market LIVE Updates: The forthcoming earnings season could be one of the major market drivers in the time to come, more so for the mid and small-cap stocks, said RAJESH BHATIA, chief investment officer (CIO) at ITI Mutual Fund. In an email interview with Sirali Gupta, Bhatia said companies with strong earnings in the mid-cap and small-cap visibility are expected to benefit. READ MORE

10:35 AM

Stock Market LIVE Updates: Apollo Microsystems bags orders worth Rs 28.74 cr from BEL and Indian Navy

Stock Market LIVE Updates: Apollo Microsystems today informed that it has been declared the lowest bidder for orders worth Rs 28.74 crore, from Bharat Electronics and CNA (OF) Pune, Indian Navy. 

 

The company, in an exchange filing, said, "We are pleased to inform that the company has been declared as the Lowest Bidder (L1) for orders worth Rs 28.74 crores from Bharat Electronics (BEL) and CNA (OF) Pune, Indian Navy." 

The order from BEL is a proprietary order, it added. 

10:30 AM

Stock Market LIVE Updates: Garuda Construction IPO ends today: GMP falls flat; should you bid?

Stock Market LIVE Updates: The three-day subscription window to bid for the initial public offering (IPO) of Garuda Construction and Engineering ends today.

The public issue has so far received a decent response from investors, with bids for 8,16,77,366 shares against the 1,99,04,862 shares offered via IPO, resulting in an oversubscription of 4.10 times by the end of the second day of subscription, according to NSE data. READ MORE

10:21 AM

Stock Market LIVE Updates: Nifty weekly expiry in focus; FIIs pile up bearish bets in Bank Nifty

Stock Market LIVE Updates: TCS earnings, trend in Tata Group stocks post the demise of Rata Tata and the weekly Nifty options expiry is likely to guide the market trend today.

 

For markets to perform well going ahead, strong conviction is required and earnings season will be the key thing to look out for over the next few weeks, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. READ MORE

10:14 AM

Stock Market LIVE Updates: Ratan Tata demise: Tata Group stocks trade mixed; TaMo down 2%, TCS up 1%

Stock Market LIVE Updates: Tata Group stocks were trading mixed with Tata Motors down nearly 2 per cent, while Tata Chemicals and Indian Hotels Company rose up to 4 per cent on the BSE in the intraday trade after the death of Tata Group Chairman Emeritus, Ratan Naval Tata, on Wednesday night.

 

Of the top 15 Tata group listed companies in terms of market capitalisation, 13 stocks were trading in the green, while the remaining two Tata Motors (down 1.6 per cent at Rs 924.35) and Trent (down 0.10 per cent at Rs 8,211.45) were quoting lower on the BSE at 09:20 AM. READ MORE

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty gain

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 region. 

At 10 AM, the BSE Sensex was up 343 points, or 0.42 per cent, at 81,810, while the Nifty 50 was at 25,082, up 100 points, or 0.4 per cent.

 

10:00 AM

Stock Market LIVE Updates: RPSG Ventures establishes US subsidiary to explore ayurvedic health & wellness mkt

Stock Market LIVE Updates: RPSG Ventures today informed that its step-down subsidiary, Spectrum Delight has established  a company called Natural Wellness in the US, to explore opportunities in the ayurvedic health and wellness segment there.

The company, in an exchange filing, said, "We would like to inform that, Spectrum Delight, a step-down subsidiary of the company, has incorporated today a company named Natural Wellness Inc. in the USA and accordingly NWI has become a step-down subsidiary of the Company effective today." 

The company added that the newly formed company will be involved in the manufacturing and sale of ayurvedic health and wellness products.

9:54 AM

Stock Market LIVE Updates: Raymond Lifestyle appoints Vipul Mathur as Chief Business Officer-New Businesses

Stock Market LIVE Updates: Raymond Lifestyle today announced that it has appointed Vipul Mathur, as the Chief Business Officer - New Businesses, of the company.

 

The company, in an exchange filing, said, "This is to inform that Mr. Vipul Mathur, has been appointed as Chief Business Officer – New Businesses. He will be reporting to Sunil Kataria, Managing Director."

Earlier, Mathur was heading Mufti as its CEO. 

9:46 AM

Stock Market LIVE Updates: Ola Electric down 2% as Heavy Ind ministry seeks insights on co's norms compliance

Stock Market LIVE Updates: Following a surge in consumer grievances, the Ministry of Heavy Industries has requested insights from the Automotive Research Association of India regarding Ola Electric's compliance with regulatory standards.