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

8:25 AM

Stock Market LIVE updates: Bharti Airtel's valuations to sustain on market share & cash flow gains

Stock Market LIVE updates: The stock of telecom major Bharti Airtel (Bharti) has gained 28.4 per cent since the start of the financial year 2024-25 (FY25). These gains could sustain given market share improvement, lower capex intensity, customer upgrades and expectation of more price hikes going ahead. 

Given these triggers, brokerages believe that premium valuations for the stock are justified. The stock is trading at 11.5 times its enterprise value to operating profit and this is 30 per cent higher than the average over the last five years. READ MORE

 

8:19 AM

Stock Market LIVE updates: Opec vs IEA: Diverging oil demand forecasts signal an uncertain future

Stock Market LIVE updates: The Organisation of the Petroleum Exporting Countries’ (Opec) outlook for global crude oil demand in 2024 is beginning to show signs of caution.

After months of holding steady, the cartel has revised its projections for the second consecutive time, reflecting the uncertainty surrounding key economic players. READ MORE

8:17 AM

Stock Market LIVE updates: Corporate bond issuances fall 22% in August as firms await Fed rate cut

Stock Market LIVE updates: Corporate bond issuances fell by around 22 per cent in August, despite easing yields, as issuers delayed raising funds while awaiting the US Federal Reserve’s (Fed’s) likely interest rate cuts starting this month.
 

Corporates and financial institutions expect further declines in yields and reduced borrowing costs, according to market participants. READ MORE

 

8:15 AM

Stock Market LIVE updates: Investors pump Rs 38,239 crore into equity mutual funds in August

Stock Market LIVE updates: Equity mutual fund (MF) schemes raked in a net of Rs 38,239 crore in August, three per cent more than the preceding month, even as stocks exhibited high volatility amid uncertainty over the state of the US economy. 

The inflows were supported by strong collections by new fund offerings (NFOs) and a surge in systematic monthly flows. READ MORE

 

8:10 AM

Stock Market LIVE Updates: ONGC ties up with OIL & KABIL to work on critical mineral projects globally

Stock Market LIVE Updates: ONGC Videsh, a Schedule “A” Navaratna Central Public Sector Enterprise along with Oil India Ltd. (OIL), and Khanij Bidesh India Ltd. (KABIL) has signed a Memorandum of Understanding (MOU) with International Resources Holding RSC Ltd. (IRH), UAE, to collaborate globally on the Critical Mineral supply chain. The primary goals of this MOU are to identify, acquire, and develop Critical Mineral projects worldwide, including India.

 

Source: NSE

 

8:00 AM

Stock Market LIVE Updates: Gold price dips Rs 10 to Rs 72,830, silver climbs Rs 100 to Rs 86,100

Stock Market LIVE Updates: The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 72,830 according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 86,100. The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 66,760. READ MORE

7:50 AM

Stock Market LIVE Updates: SpiceJet, Maruti Suzuki, Reliance and M&M among top stocks to track today

Stock Market LIVE Updates: SpiceJet has reached a deal with Carlyle Group's commercial aviation unit to write off a $40.2 million payment obligation and a $30 million conversion of arrears into equity. This move is set to increase Carlyle’s stake in SpiceJet and could boost the airline’s financial stability. READ MORE 

7:46 AM

Stock Market LIVE Updates: Chandan Taparia of MOFSL recommends buying these stock on September 11

Stock Market LIVE Updates: PI Industries is in a strong uptrend and holding the gains at higher zones. It has been making higher highs - higher lows on a weekly scale and supports are gradually shifting higher. Momentum indicator RSI is positively placed which suggests bullish momentum. READ MORE

 

7:44 AM

Stock Market LIVE Updates: Gensol Engg and Matrix Gas secure project in Pune

Stock Market LIVE Updates: Gensol Engineering Limited and Matrix Gas & Renewables Limited has secured the project to setup India’s first Green Hydrogen Valley in Pune, Maharashtra.
 
Source: BSE

7:41 AM

Stock Market LIVE Updates: Oil below $70, US Prez debate & Bajaj Housing IPO last day among top cues to track

Domestic benchmark indices Sensex and Nifty are likely to open flat to negative, tracking global stocks. At 6:57 AM GIFT Nifty futures were down 5 points at 25,092. Domestically, investors will track the movement in oil prices, which are hovering near three year lows. At the last count, Brent crude oil was at $69.53 per barrel on concerns over a weak demand outlook. READ MORE

 

7:38 AM

Stock Market LIVE Updates: European markets end lower

Stock Market LIVE Updates: European markets ended lower; Germany's DAX falls about 1 per cent.

7:35 AM

Stock Market LIVE Updates: Gold trading strategy today; Resistance at $2,550; Support at $2,446

Stock Market LIVE Updates: Spot gold was trading with a gain of around 0.20 per cent at $2514 at the time of the MCX closing. The MCX October gold contract at Rs 71,903 (LTP) was up 0.38 per cent. The metal edged higher as the US yields dipped ahead of the crucial UP CPI inflation data to be released tomorrow. READ MORE

 

7:33 AM

Stock Market LIVE Updates: Here's how to trade Nifty Bank, Private Bank today; key levels here

Stock Market LIVE Updates: The Nifty Bank Index is currently range-bound between the levels of 51,375 and 51,175. A breakout or breakdown from this range will likely trigger momentum in the respective direction. READ MORE

7:32 AM

Stock Market LIVE Updates: Brent crude slips below $70-mark

Stock Market LIVE Updates: Brent crude slips below $70-mark, at $69.56/bbl.

7:30 AM

Stock Market LIVE Updates: Asian markets in red

Stock Market LIVE Updates: Asian markets under pressure; Nikkei slips over 1 per cent.