Stock Market Highlights, Sept 5: Sensex sheds 151pts, Nifty ends below 25,150; Smallcap stocks shine

Stock Market LIVE Highlights: The day ended in favor of bears as many as 33 out of 50 constituent stocks of Nifty50 ended lower, dragged by RIL, Cipla, and Dr Reddy's Labs

1:59 PM

Stock Market LIVE Updates: Concord Biotech shares hit all time high; Antique Broking reiterates 'Buy'

Stock Market LIVE Updates: Concord Biotech hits all-time high: Biotechnology company Concord Biotech shares surged up to 6.2 per cent to hit an all time high of Rs 1,899 per share on BSE. 

However, at 1:38 PM, shares of Concord Biotech were trading 3.73 per cent or Rs 66.75 higher at Rs 1,853.95 per share. In comparison, BSE Sensex was trading 0.12 per cent lower at 82.257.34 levels. READ MORE

1:45 PM

Stock Market LIVE Updates: Nazara Technologies shares surge 4% after signing MoU with Telangana Govt

Stock Market LIVE Updates: Nazara Technologies share price surged up to 4.3 per cent at Rs 987.95 per share on the BSE in Thursday’s intraday deals.

Nazara Technologies share price moved up after the company joined hands with the Telangana state government to open an artificial intelligence (AI) centre of excellence (CoE). READ MORE

1:32 PM

Stock Market LIVE Updates: Coffee Day, Barbeque-Nation: No long queues yet to buy restaurant stocks

Stock Market LIVE Updates: Even though you may have to wait in a queue before finding a seat in your favourite restaurant for a meal, or even tea/coffee, investors, it seems, are not queueing up in large numbers to buy stocks of listed restaurants.

 

Thus far in calendar year 2024 (CY24), stocks such as Coffee Day Enterprises, Speciality Restaurants, Barbeque-Nation Hospitality, Restaurant Brands Asia and Westlife Foodworld have lost up to 42 per cent, shows ACE Equity data. READ MORE

1:16 PM

Stock Market LIVE Updates: Baazar Style Retail IPO: GMP hints double digit listing gains for investors

Stock Market LIVE Updates: As investors await the debut of Baazar Style Retail shares on the bourses, the grey market premium (GMP) indicates a favourable debut for the company's shares on the BSE and NSE, scheduled for Friday, September 6, 2024.

Ahead of the listing, the unlisted shares of Baazar Style Retail, whose IPO allotment was finalised yesterday, were quoted at a premium of Rs 45, or 11.57 per cent higher than the upper end of the issue price of Rs 334, according to several sources that track grey market activities. READ MORE

 

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update

Stock Market LIVE Updates: Indian equity benchmark indices were off their intraday lows and trading in the red, amid weak global cues.

At 1:00 PM, the BSE Sensex was down 67 points, or 0.08 per cent, at 82,285, while the Nifty 50 was at 25,186, down 12 points, or 0.05 per cent. 

 

12:46 PM

Stock Market LIVE Updates: Titan gains 3%, hits nearly five-month high on decline in gold prices

Stock Market LIVE Updates: Shares of Titan Company hit a nearly five-month high of Rs 3,730, as they rallied 3 per cent on the BSE in Thursday’s intra-day trade, in an otherwise subdued market, on expectations of an improvement in consumer demand due to soft gold prices. READ MORE

12:33 PM

Stock Market LIVE Updates: Sebi sets up new expert group of 22 members on listing obligations

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has set up a 22-member advisory committee to streamline the rules for listing obligations and disclosures.

The expert group will be chaired by R Gandhi, former deputy governor of the Reserve Bank of India (RBI). The committee, formed on August 28, will advise Sebi on corporate governance, harmonisation of listing and post-listing obligations, and disclosure requirements. READ MORE

 

12:16 PM

Stock Market LIVE Updates: Dilip Buildcon bags Rs 1,341-crore project to construct twin-tube tunnel in Kerala

Stock Market LIVE Updates: Dilip Buildcon today announced that it has been declared the L-1 (lowest bidder) for the construction of a twin-tube unidirectional tunnel (2-lanes in each direction) in Kozhikode and Wayanad districts of Kerala. 

The project, with a bid amount of Rs 1,341, also includes the construction of a four-lane approach road for direct connectivity between Anakkampoyil – Kalladi – Meppadi.

 

12:03 PM

Stock Market LIVE Updates: Nifty50 slips marginally

Stock Market LIVE Updates: Nifty50 was trading 0.07 per cent lower at 25,181.25 levels.

12:02 PM

Stock Market LIVE Updates: Sensex slips in negative territory

Stock Market LIVE Updates: Sensex was trading 0.14 per cent lower at 82,239.79 levels.

12:00 PM

Stock Market LIVE Updates: Excess rainfall dampens passenger vehicle sales in Aug; down 4.5%: Fada

Stock Market LIVE Updates: Owing to the impact of excess rainfall, passenger vehicle (PV) retail sales in India declined by 4.53 per cent in August to 3,09,053 units, compared to 3,23,720 units during the same month in 2023, according to the Federation of Automobile Dealers Associations (FADA). Inventory levels also reached historic highs, with stock days now stretching to 70-75 days and inventory totalling 780,000 vehicles, valued at an alarming Rs 77,800 crore. READ MORE

 

11:58 AM

Stock Market LIVE Updates: World Bank approves $68 mn cross-border bank lifeline for Pacific Islands

Stock Market LIVE Updates: The World Bank's board has approved a $68 million programme to prevent Pacific Island nations from being cut off from the international financial system that underpins tourism, trade and aid flows, the lender's President Ajay Banga said on Thursday. READ MORE

11:57 AM

Stock Market LIVE Updates: Officer's Choice Whiskey maker's shares rally after JV with Ranveer Singh

Stock Market LIVE Updates: Shares of Allied Blenders and Distillers moved up by 2.77 per cent at Rs 359.55 per share on the BSE. The Allied Blenders and Distillers share price surged after the company disclosed that it plans to acquire a majority stake in new company and set up joint venture with Bollywood actor Ranveer Singh. READ MORE

 

11:56 AM

Stock Market LIVE Updates: Demat accounts surge past 171 mn -mark, 4.2 mn added in August

Stock Market LIVE Updates: The number of dematerialised (demat) accounts—used for holding shares and other securities electronically—rose by 4.2 million in August, reaching a total of 171.1 million. This marks an average addition of 4 million accounts per month since the beginning of 2024. READ MORE

11:52 AM

Stock Market LIVE Updates: Sebi sets up new expert group of 22 members on listing obligations

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has set up a 22-member advisory committee to streamline the rules for listing obligations and disclosures. The expert group will be chaired by R Gandhi, former deputy governor of the Reserve Bank of India (RBI). The committee, formed on August 28, will advise Sebi on corporate governance, harmonisation of listing and post-listing obligations, and disclosure requirements. READ MORE