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

Stock Market Highlights on Thursday, September 5, 2024: Benchmark equity indices ended in the red, led by selling in heavyweight Reliance Industries, and other bluechip stocks. The BSE Sensex shed 151.48 points or 0.18 per cent to settle at 82,201.16, while the NSE Nifty50 dropped 53.60 points or 0.21 per cent to end at 25,145.10 on Thursday.

The day ended in favor of bears as many as 33 out of 50 constituent stocks of Nifty50 ended lower, dragged by Cipla, Dr Reddy's Labs, Reliance Industries, Coal India, and Britannia Industries with losses of up to 1.46 per cent. Meanwhile, Titan, LTIMindtree, Wipro, BPCL, and ITC led the gains of up to 3.11 per cent among the other constituent stocks on the index.

Similarly, on the BSE, 20 out of 30 listed stocks of Sensex ended in the red, dragged by Reliance Industries, Tata Motors, Nestle India, and Bharti Airtel, with a fall of up to 1.41 per cent. Meanwhile, Titan, Infosys, ITC, and HCL Tech were among the 9 stocks that ended with gains of up to 3.11 per cent.

Smallcap stocks outperformed among the broader indices, as the Nifty Smallcap 100 index settled with gains of 1.03 per cent. Meanwhile, the Nifty Midcap 100 index ended 0.38 per cent higher on Thursday.

Among the sectoral indices, IT, media, metal, and banks led the gains, while realty, pharma, auto, and OMC settled lower.

Notably, the board of billionaire Mukesh Ambani-led Reliance Industries (RIL) has approved its first bonus issue since 2017. In an exchange filing, RIL announced that its board has approved a one-for-one issue of bonus shares and recommended an increase in authorized share capital from Rs 15,000 crore to Rs 50,000 crore.

4:15 PM

Stock Market Tech View :: 'Nifty faces immediate hurdle at 25,300 – 25,350'

- Nifty opened gap up today however witnessed profit booking during the course of the day to close in the red down 50 points. On the daily charts we can observe that after the gap down in the previous trading session the price structure has weakened.

- The uptrend is still intact however there is high probability of a consolidation within the range of 25,000 – 25,350 over the next few trading sessions. Dips towards the support zone 25,100- 25,050 should be used as a buying opportunity. On the upside immediate hurdle is placed at 25,300 – 25,350.

View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

4:12 PM

Stock Market Comment :: 'Markets seek new catalysts'

- The benchmark indices continued to trade with minor losses due to concern of slowdown in the US & Chinese economy.

- The market is now seeking new catalysts, particularly in how the Fed evaluates the challenge of achieving a soft landing. Meanwhile, the broader market outperformed, benefiting from positive service PMI data that suggests supportive domestic economic conditions."

Views by: Vinod Nair, Head of Research, Geojit Financial Services

4:07 PM

Rupee Closing Update :: Rupee ends mildly soft

>> Rupee ends 1 paise weak at 83.98 per US dollar

4:01 PM

Stock Market Closing Bell LIVE Updates :: Broader indices end mixed, SmallCaps outshine

>> BSE SmallCap index added 0.56 per cent

3:59 PM

Stock Market Closing Bell LIVE Updates :: Auto, Realty drag; IT leads

>> IT, Consumer Durables, Banks defy trend

>> Nifty Realty index falls 0.97%

3:50 PM

Stock Market Closing Bell LIVE Updates : RIL, Tata Motors, Nestle India drag Sensex

>> 20 of 30 index stocks fall

>> Reliance Industries, Tata Motors, Nestle India, and Bharti Airtel, were the top laggards

3:45 PM

Stock Market Closing Bell LIVE Updates :: Nifty ends below 25,150

>> Nifty50 shed 53.60 points or 0.21 per cent to settle at 25,145.10 on Thursday.

3:40 PM

Stock Market Closing Bell LIVE Updates :: Sensex ends 151 points lower

>> The BSE Sensex ends over 151.48 points lower at 82,201.16 on Thursday

3:20 PM

Stock Market LIVE Updates: DMart rallies 4% in weak market on hopes of demand and margins improvement

Stock Market LIVE Updates: Shares of Avenue Supermarts (DMart) hit a two-year high of Rs 5,300, gaining 4 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market on hopes of improvement in discretionary demand and margins. In comparison, the BSE Sensex was down 0.22 per cent at 82,172 at 02:43 pm. READ MORE

2:59 PM

Stock Market LIVE Updates: Adani Group in talks with global banks to sell $1.5 billion of dollar bonds

Stock Market LIVE Updates: Billionaire Gautam Adani’s conglomerate is in talks with global banks to raise at least $1.5 billion through dollar bond sales, a further indicator of the group’s rebound from a short seller attack. READ MORE

2:51 PM

Stock Market LIVE Updates: This smallcap payments bank has zoomed 57% in 6 wks; trades below IPO price

Stock Market LIVE Updates: Shares of Fino Payments Bank (Fino Bank) surged 8 per cent to hit an over two-year high of Rs 449.95 on the BSE in Thursday’s intra-day trade, on improved business performance. READ MORE

2:43 PM

Stock Market LIVE Updates: Suzlon stock has done this for the first time in 4 months; what next?

Stock Market LIVE Updates: This multibagger stock has zoomed 967 per cent since the start of the financial year 2023-24. Amid this 18-month rally, Suzlon stock hit a high of Rs 84.29 as against a close of Rs 7.90 at the end of March 2023. This phenomenal run on the bourses could have yielded up to 10.7-fold returns in less than 18 months. This means that an investment of Rs 1,00,000 at the end of March 2023 could have been worth Rs 10.67 lakh at its peak on August 12; and still worth Rs 9.70 lakh as of date. READ MORE

2:26 PM

Stock Market LIVE Updates: Alembic Pharma shares jump 5% after USFDA approval; check details here

Stock Market LIVE Updates: Alembic Pharma share price surged up to 5 per cent at Rs 1,170.60 per share on the BSE in Thursday’s intraday trade. The share price moved up after the pharmaceutical company disclosed that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Albendazole Tablets USP, 200 mg. READ MORE

2:14 PM

Stock Market LIVE Updates: Titan, Hero MotoCorp lead; Nestle India, Britannia drag

Stock Market LIVE Updates: Titan and Hero Motorcorp were leading the gains on the NSE Nifty50, while Nestle India and Britannia Industries were among the top laggards of the index.