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

9:30 AM

Stock Market LIVE Updates: Ultratech Cement, Shriram Finance and Tata Steel lead gains on NSE

Ultratech Cement, Shriram Finance and Tata Steel were among the top five gainers on NSE, while HDFC Life and Bharti Airtel were among the top five losers.

9:27 AM

Sectoral trends:: Nifty Metal, Media, Private Bank gain

Nifty Metal, Media and Private Bank gained by 0.57 per cent, 0.45 per cent and 0.32 per cent respectively.

9:24 AM

Stock Market LIVE Updates: Heatmap check

Ultratech Cement, Tata Steel and ITC gained up to 1 per cent and led the charts on Sensex, while Asian Paints, Nestle India and Bharti Airtel witnessed losses
 

9:20 AM

Stock Market LIVE Updates: Broader markets soar

The broader indices outperformed benchmarks, with MidCap rising 0.35 per cent and SmallCap surging 0.65 per cent. 

9:19 AM

Opening Bell: Nifty at 25,250 level

The top 50 blue chip stocks index Nifty50 scaled 0.2 per cent at 25,250 level. 

9:16 AM

Opening Bell: Sensex surges over 100 pts at 82,475 level

The benchmark BSE Sensex moved up by 122 points at 82,475 level at the opening bell.

9:09 AM

Market Pre-open: Nifty at 25,250

NSE's Nifty50 was trading 0.21 per cent higher at 25,250 levels in pre-opening trade.

9:07 AM

Market Pre-open: Sensex jumps over 100 pts

The benchmark index BSE Sensex was trading 0.14 per cent higher at 82,470 levels in pre-opening deals. 

9:05 AM

Stock Market LIVE Updates: Rupee opens flat at Rs 83.97

At open the rupee was trading flat at Rs 83.97 per US dollar. 

8:56 AM

Stock Market LIVE Updates: Star Health to collaborate with foreign insurers for inward reinsurance

Stock Market LIVE Updates: Star Health and Allied Insurance is looking to collaborate with insurers in Africa and West Asia for inward reinsurance opportunities through GIFT City, said Anand Roy, managing director, Star Health and Allied Insurance on Wednesday.

Inward reinsurance is a contract between two insurance companies, where the transferring insurer will act as the reinsurer. READ MORE

8:55 AM

Stock Market LIVE Updates: CapitaLand Investment to double funds under management in India by 2028

Stock Market LIVE Updates: Singapore-based CapitaLand Investment Ltd (CLI) is planning to more than double its funds under management (FUM) in India by 2028 from the current base of SGD 7.4 billion.

Besides scaling up investments in business parks, data centres and logistics, the fund manager plans to make forays into private credit for real estate and investments into renewable energy projects. READ MORE

8:54 AM

Stock Market LIVE Updates: Apple's key manpower supplier Layam Group plans IPO next fiscal year

Stock Market LIVE Updates: Layam Group —a key supplier of skilled manpower to Apple manufacturing partners like Foxconn, Tata Electronics, and Pegatron — is planning to launch an initial public offering (IPO) during the next financial year to fund its expansion plans. 

The Chennai-based company is targeting over a 40 per cent rise in its revenue in the next two years, owing to a push in electronic sector investments in Tamil Nadu, with players like Apple going on an expansion drive. 

Apple is reportedly planning to increase India's share of its global iPhone production to 25 per cent in the next three to four years. READ MORE

 

8:51 AM

Stock Market LIVE Updates: Hybrid cars, Suzuki tie-up drive up Toyota Kirloskar profit 3x in FY24

Stock Market LIVE Updates: Toyota Kirloskar Motor (TKM) has reported a consolidated net profit of Rs 4,787 crore for 2023-24 (FY24) — more than three times the earnings recorded the previous year. This growth can be attributed to robust demand for its vehicles, particularly hybrid models and cross-badged cars from the Toyota-Suzuki alliance.

The global partnership between Toyota and Suzuki, announced in FY19, involves the mutual supply of products and components, including model swaps between their Indian subsidiaries —TKM and Maruti Suzuki India. READ MORE

8:45 AM

Stock Market LIVE Updates: Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II

Stock Market LIVE Updates: Oil to telecom behemoth Reliance Industries Limited (RIL) has been awarded the complete capacity of the Advanced Chemistry Cell (ACC) offered under the second tranche of the Production Linked Incentive (PLI) scheme.

The ministry of heavy industries (MHI) in a public announcement said the award followed the "Quality and Cost-Based Selection (QCBS) mechanism”.

 

By adding 10 GWh (gigawatt hour) of ACC capacity under the current phase, RIL now holds the highest capacity among all other players in the segment who participated in the PLI scheme with maximum budgetary outlay of Rs 3,620 crore. READ MORE

8:43 AM

Stock Market LIVE Updates: GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Stock Market LIVE Updates: The offer for sale in General Insurance Corporation of India (GIC Re) garnered bids worth nearly Rs 2,300 crore on Wednesday, the first day of the issue.

 

The offer for sale (OFS) received bids for 58 million shares from institutional investors as against a total of 119 million on offer. Most bids came closer to the floor price of Rs 395, data provided by stock exchanges showed. READ MORE