Stock Market Highlights, Sept 11: Sensex sheds 398pts; Nifty ends near 24,900; Banking, Auto drag

Stock Market Highlights: 34 out of 50 constituent stocks of Nifty50 ended lower, dragged by Tata Motors, ONGC, Wipro, L&T, and Adani Enterprises with losses of up to 5.73 per cent

11:50 AM

Stock Market LIVE updates: Aurobindo Pharma stock gains after subsidiary gets drug approval from USFDA

The new injectable facility of Eugia Steriles, a subsidiary of Eugia Pharma Specialities and a stepdown subsidiary of the Aurobindo Pharma received its first product approval from the US FDA for Lidocaine Hydrochloride Injection. 

Source: BSE

11:42 AM

Stock Market LIVE updates: Jubilant Pharmova hits all time high on receiving 'VAI' tag for US facility

Jubilant Pharmova share price rose as much as 4.2 per cent, touching its all time high at Rs 1060.15 per share on the BSE in early hours of Wednesday’s intraday deals. Jubilant Pharmova stock price today surged after its subsidiary received a positive communication by the United States Food and Drugs Administration (USFDA).

Jubilant Pharmova on Tuesday said that Jubilant HollisterStier’s Washisngton facility has been classified as ‘Voluntary Action iIndicated’ by the US drug regulatory agency. Read more

11:27 AM

Countdown begins: Kross, Tolins Tyres IPOs end today; should you bid?

IPO deadline alert! The three-day subscription window to bid for the initial public offerings (IPOs) of Kross, and Tolins Tyres ends today. The grey market premium (GMP) for both IPOs has remained upbeat, reflecting favorable market sentiments for these public issues. Here are the key details that one should know before placing a bid for them on the last day.  Read more

11:15 AM

Rajoo Engineers share price hits 5% upper circuit on securing $15 mn order

Shares of Rajoo Engineers rose up to 5 per cent to hit an upper circuit of Rs 363 per share on Wednesday, September 11, 2024.
 

However, Rajoo Engineers scrip were off highs and were trading 2.46 per cent higher at Rs 354.25 per share. In comparison, BSE Sensex was trading 0.12 per cent higher at 82,015.59 levels. Read more

11:03 AM

Stock Market LIVE updates: 11 AM market update

At 11:00 AM, the BSE Sensex was up 89 points, or 0.11 per cent, at 82,010, while the Nifty50 was at 25,063, rising 22 points, or 0.09 per cent.

10:45 AM

Stock Market LIVE Updates: AurionPro bags order worth Rs 200 cr

AurionPro Solutions wins Rs 200 crore contract from municipal corporation of panvel for safe city project. 

Source: BSE

10:31 AM

Stock Market LIVE updates: Ramco Systems shares rally 6% on launching 'Aviation Software 6.0'; details

Ramco Systems share price gained up to 5.93 per cent at Rs 429.50 per share on the BSE in Wednesday’s intraday deals. Ramco Systems stock price today surged post the company’s launch of 'Aviation Software 6.0' for smarter aircraft management on Tuesday. Read more

10:17 AM

Stock Market LIVE updates: Tata Motors shares slip 4% after UBS maintains 'Sell' with target of Rs 825

Shares of auto giant Tata Motors dipped 4 per cent to Rs 990 on the BSE in Wednesday’s intra-day trade after international brokerage UBS maintained its ‘Sell’ rating on the stock with sum of the parts (SOTP)-based price target of Rs 825 per share.

The brokerage expects further downside risk from margin slippage at Jaguar Land Rover (JLR) and within Indian passenger vehicles (PVs), especially the electric vehicle (EV) arm, on any significant shortfall in performance due to high valuations. Read more

10:03 AM

Stock Market LIVE updates: 10 AM market update

Stock Market LIVE updates: Indian benchmark indices were trading in the red, driven down by weak sentiment flowing from muted Asian markets. 

At 10:00 AM, the BSE Sensex was down 15 points, or 0.02 per cent, at 81,905, while the Nifty50 was at 25,033, down 7 points, or 0.03 per cent.

 

9:58 AM

Stock Market LIVE updates: Mini Diamonds bags supply order for lab-grown diamond studded jewellery

Stock Market LIVE updates: Mini Diamoands today informed that it has bagged an order from Canada-based Parasmani Inc to supply 14KT gold jewellery studded with 2,000 pieces of lab-grown diamonds.

 

9:50 AM

Stock Market LIVE updates: Poonawalla Fincorp allots 300,000 stocks in ESOPs; shares up

Stock Market LIVE updates: Poonawalla Fincorp today announced that it has allotted 300,000 shares to its eligible employees as stock options.

The company, in an exchange filing, said, "The Nomination and Remuneration Committee of the Board of Directors of the Company on September 10, 2024, granted 3,00,000 stock options under Employee Stock Option Plan-2024- Scheme- II ‐ Tranche ‐ 13, to the eligible employee(s) of the company at an exercise price of Rs. 382.63." 

9:42 AM

Stock Market LIVE updates: Marine Electricals bags Rs 4.1 crore deal to supply low-voltage panels

Stock Market LIVE updates: Marine Electricals today informed that it has received an order worth Rs 4.10 crore for the supply, installation and commissioning of low-voltage (LV) panel from Princeton Digital Group. 

The company, in an exchange filing, said, "We are pleased to inform you that M/s. Marine Electricals (India) Limited has received an order amounting to Rs 4.10 crore (excluding taxes) from M/s. Princeton Digital Group, for supply, installation testing and commissioning (SITC) of LV Panel." 

The company added that the delivery of the project will be over a period of four months. 

 

9:35 AM

Stock Market LIVE updates: F&O Insights: Will Bank Nifty see short-covering? Check key levels here

Stock Market LIVE updates: Can the Nifty 50 and Bank Nifty extend the pullback in today's trade or will they succumb to weak cues from global peers? Here's what the technical and derivatives data suggest.

Even as the benchmark indices are attempting a comeback, supported by broad-based buying across sectors the mood remains cautious, with indices facing stiff overhead resistance and the looming "Bearish Engulfing" pattern from last week, said Please Rajesh Bhosale, Equity Technical Analyst at Angel One in a note. READ MORE

 

9:29 AM

Stock Market LIVE updates: HDFC Bank, Axis Bank down 0.4% each after being penalised by the RBI

Stock Market LIVE updates: Both HDFC Bank and Axis Bank have been penalised by the Reserve Bank of India for various regulatory non-compliances. 

HDFC Bank faces a Rs 1 crore penalty, while Axis Bank has been fined Rs 1.91 crore. 

 

9:27 AM

Stock Market LIVE updates: Lemon Tree Hotels climbs 2.5% after signing deal for a new 108-room hotel in Mumbai

Stock Market LIVE updates: Lemon Tree Hotels has signed a license agreement for a new property, Lemon Tree Hotel, Mira Road, Mumbai.

Scheduled to open in FY26, this hotel, with 108 rooms, a restaurant, bar, meeting room, swimming pool, and a spa catering to both business and leisure travelers, will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels.