Market Highlights: Banks, metals lift Sensex 694 pts, Nifty atop 24 200; US election results eyed

Stock Market Highlights, Nov 5, Tuesday: In the broader markets, the BSE MidCap and the BSE SmallCap indices edged 0.4 per cent higher each.

2:05 PM

Stock Market LIVE Updates: Apollo Green Energy plans solar module plant, targets IPO in 2025, says CEO

Stock Market LIVE Updates: India's Apollo Green Energy, an engineering and construction firm, plans to set up a 500 megawatt (MW) solar module plant in the next two-three years and tap domestic public markets in 2025 to execute new projects, its chief executive said on Tuesday. READ MORE

2:04 PM

Stock Market LIVE Updates: PB Fintech share price tanks 7% ahead of September quarter results

Stock Market LIVE Updates: Shares of PB Fintech, the owner of PolicyBazaar and a leading financial technology (fintech) company, dropped 6.64 per cent to Rs 1,600.65 on the NSE during Tuesday's intra-day trading. The decline in stock price came ahead of the company's announcement of its financial results for the second quarter of the current fiscal year, scheduled for today. READ MORE

 

2:03 PM

Stock Market LIVE Updates: KPR Mill shares fall 3% on muted September quarter earnings; details here

Stock Market LIVE Updates: Shares of KPR Mill fell up to 2.66 per cent to hit an intraday low of Rs 908.95 per share on Tuesday, November 05, 2024. The fall in the share price came after the company posted a muted set of September quarter numbers (Q2FY24). READ MORE

 

2:02 PM

Stock Market LIVE Updates: L&T to acquire 21% stake in E2E Networks in two-part Rs 1,327 crore deal

Stock Market LIVE Updates: Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced it will acquire a 21 per cent stake in Indian Cloud and AI Cloud provider E2E Networks, in an all-cash transaction of Rs 1,327 crore. L&T also announced a strategic partnership with the AI cloud company. READ MORE
 

2:01 PM

Stock Market LIVE Updates: US chipmakers ask suppliers to cut China ties amid trade dispute: Explained

Stock Market LIVE Updates: United States semiconductor giants Applied Materials and Lam Research are pressing their suppliers to find alternatives to Chinese-sourced components or face losing their vendor status, according to a report by The Wall Street Journal. This comes in response to increasing pressure from Washington to curb China’s role in sensitive technology sectors. As a result, the US semiconductor industry is taking significant steps to remove Chinese firms from its supply chains. READ MORE

 

2:00 PM

Stock Market LIVE Updates: Indian MFs can invest up to 25% of net assets in overseas funds

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has allowed Indian mutual funds (MFs) to invest in overseas mutual funds or unit trusts that include a certain percentage of Indian securities in their portfolios. However, there is a limit: these overseas funds can only invest up to 25% of their total assets in Indian securities. READ MORE

1:59 PM

Stock Market LIVE Updates: India proposes merging regional rural banks to help them shore up capital

Stock Market LIVE Updates: The Indian government has proposed merging regional rural banks to reduce their number to 28 from 43, which could help these lenders cut costs and shore up their capital base, according to a government document dated November 04 that was reviewed by Reuters. READ MORE

1:58 PM

Stock Market LIVE Updates: Shyam Metalics gains 3% on commissioning blast furnace & sinter plant in WB

Stock Market LIVE Updates: Shyam Metalics and Energy shares gained 3.3 per cent on Tuesday and registered an intraday high of Rs 866.55 per share on BSE. The stock was in demand after the company commissioned a new blast furnace and launched a sinter plant in West Bengal. READ MORE

1:49 PM

Stock Market LIVE Updates: Why Spotify music distributor Saregama's stock went out of tune today?

Stock Market LIVE Updates: Saregama India shares declined 3.8 per cent in trade and registered an intraday low of Rs 515.55 per share on NSE. The counter saw selling after the company reported a slip in consolidated net profit and adjusted Earnings before interest, tax, depreciation and amortisation (Ebitda) year-on-year (Y-o-Y) in Q2FY25. READ MORE

 

1:37 PM

Stock Market LIVE Updates: DGTR recommends anti-dumping duty on PVC resins of about $339 per tonne

Stock Market LIVE Updates: The commerce ministry's investigation arm DGTR has recommended imposition of an anti-dumping duty of up to USD 339 per tonne on imports of PVC resins from seven countries, including China, the US and Korea, with a view to guard domestic producers.

 

In its preliminary findings, the Directorate General of Trade Remedies (DGTR) has concluded that 'PVC suspension resins' have been exported to India at a price below the normal value, resulting in dumping. READ MORE

 

1:35 PM

Stock Market LIVE Updates: KP Energy share gains 5%, hits record high on securing order from KPI Green

Stock Market LIVE Updates: Energy company KP Energy shares hit 5 per cent upper circuit at Rs 636.40 per share in intraday deals on Tuesday, November 05, 2024. This is also the stock’s fresh record high.

 

The uptick in KP Energy share price came after the company secured over 1 GW order for development of wind-solar hybrid and solar power projects from KPI Green. READ MORE

 

1:24 PM

Stock Market LIVE Updates: Ajanta Pharma share price zooms 4% as ex-dividend date looms; details here

Stock Market LIVE Updates: Shares of leading pharmaceutical company Ajanta Pharma advanced 3.70 per cent to a day’s high of Rs 3,095.05 in an otherwise weak market on Tuesday. The uptick comes ahead of the company's ex-dividend date tomorrow, driven by its recent dividend announcement that promises rewards for eligible shareholders.

 

In an exchange filing dated October 28, Ajanta Pharma informed the exchanges that its board of directors has approved a "1st interim dividend for FY 2025. Each share of Rs 2 face value will receive a dividend of Rs 28, amounting to Rs 350 crore." READ MORE

 

1:13 PM

Stock Market LIVE Updates: Bharti Airtel stock seen testing this key support for third time in 14 mths

Stock Market LIVE Updates: Bharti Airtel stock has witnessed a phenomenal over 4-fold jump or 314 per cent rally post the breakout on the monthly scale in November 2019. The stock from levels of Rs 430 in late 2019, rallied to hit an all-time high of Rs 1,779 in September 2024.

 

The stock has outperformed thus far in 2024, with a gain of over 52 per cent when compared to the NSE Nifty 50 returns of 10 per cent at present levels. READ MORE

 

1:04 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty off day's low

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were off the day's lows, but were still trading in negative territory on Tuesday.

At 1 PM, the BSE Sensex was down 285.59 points, or 0.36 per cent, at 78,496.65, while the Nifty 50 was at 23,923, down 72.35 points, or 0.3 per cent.

 

12:53 PM

Stock Market LIVE Updates: Veefin acquires Singapore-based GenAI startup Walnut

Stock Market LIVE Updates: Veefin Solutions today informed that it has made its first international acquisition with a 50 per cent stake buy in Singapore-based GenAI company Walnut in an all-cash deal. 

The company, in an exchange filing, said that with this acquisition, Walnut’s GenAI capabilities will help Veefin power its clients across corporates and banking to convert complex and vast amounts of unstructured data into razor-sharp insights delivered with speed and accuracy. 

Walnut, co-founded by Bala Iyer (CEO) and Lalit Kumar (CTO), uses technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to deploy solutions, primarily in the Financial Services sector (Credit, Risk, KYC and Capital Market Operations areas). 

The company, which counts DBS, Bank of Singapore, Amret, and RCBC among its clients, will get a vast canvas to deploy its GenAI solutions across the Veefin Group’s 500+ clients across banking, financial institutions, and corporate.