Market Close Highlights: IT, Pharma drive Sensex up 360pts, Nifty at 25,000; Broader markets gain

Market Close Highlights: Indian benchmark equity indices closed higher on Tuesday, tracking overnight gains in the US markets.

1:45 PM

Pharma stocks soar 6% as investors respond to double dose of Good News!

Shares of pharmaceutical companies as well as contract drug manufacturing companies (CDMOs) experienced significant gains in intraday trade on Tuesday, after a double dose of good news on the domestic as well US market front. On Monday the 54th GST Council of India, in its meeting, reduced the GST rate on cancer drugs namely, Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12 per cent to 5 per cent. 

 

Earlier, the government had removed the basic 10 per cent customs duty on these three cancer drugs in the Union Budget of 2024. Read more

1:20 PM

Stock Market LIVE Updates: Market check; Sensex jumps over 500 pts

The benchmark BSE Sensex jumped 521 points or 0.64 per cent at 82,081 levels. The rally in the index was fuelled by Infosys, Bharti Airtel and TCS zooming up to 2 per cent each. 

 

1:00 PM

Stock Market LIVE Updates: In demand! Tolins Tyres IPO oversubscribed 3x on Day 2; All details here

Tolins Tyres' initial public offer (IPO) got a thumbs up from D Street and got oversubscribed on day 2 of the issue opening. As of 11:36 AM, the IPO had received bids for 2,18,55,108 shares, out of the 74,88,372 shares on offer.

So far, Tolins Tyres' IPO has been subscribed 2.92 times on the NSE, with Retail Individual Investors (RIIs) showing the most interest, among others. The section reserved for retail section was subscribed 5.07 times, while the section reserved for Non Institutional Investors (NII) was subscribed 1.63 times, and Qualified Institutional Buyers(QIBs) bid 0.12 times. Read more

12:44 PM

Stock Market LIVE updates: ITI soars 5% on order win worth Rs 300 cr

ITI Limited, telecom manufacturing company has received an order worth around Rs 300 crores from Bihar Renewable Energy Development Authority

(BREDA) for supply and installation of 1,00,000 numbers of Solar Street Light Systems to Bihar State Government.

Source: BSE

12:21 PM

Stock Market LIVE updates: Action Construction Equipment shares gain 3% on order from defence ministry

Action Construction Equipment share price gained up to 3.44 per cent at Rs 1278.15 per share on the BSE in Tuesday’s intraday deals. The construction vehicles share price zoomed after the company got an order from the Ministry of Defence to supply forklifts. Read more

12:10 PM

Stock Market LIVE updates: Akzo Nobel India rallies 5%; hits record high on healthy growth outlook

Shares of Akzo Nobel India, a paints and coatings company that makes Dulux Paints, rallied 5 per cent on the BSE in Tuesday’s intra-day trade to hit a fresh record high of Rs 3,960 on healthy growth outlook. In comparison, the BSE Sensex was up 0.16 per cent at 81,697 at 11:05 AM.

The stock is quoting higher for the sixth straight trading day, having surged 16 per cent during the period. Read more

12:04 PM

Stock Market LIVE updates: 12 PM market update

Stock Market LIVE updates: Indian benchmark indices BSE Sensex and Nifty50 were trading higher on Tuesday on the back of a strong overnight showing on Wall Street.

 

At 12:00 PM, the BSE Sensex was at 81,905, up 345 points or 0.42 per cent, while the Nifty 50 was at 25,029, up 92 points, or 0.37 per cent.

 

11:52 AM

Stock Market LIVE Updates: SEPC surges 3% after order win

The company has been awarded a work order worth Rs 182.56 crore from Irrigation Division, Govt. Of Bihar. 

Source: BSE

11:29 AM

Stock Market LIVE updates: Bikaji, Gopal Snacks stocks get tastier after GST council cuts rate; up 8%

Shares of packaged snack companies, Gopal Snacks and Bikaji Foods International gained up to 8.5 per cent in the morning deals on Tuesday, September 10, 2024. Individually, Gopal Snacks shares soared 8.5 per cent, while Bikaji Foods advanced 7.7 per cent on an intraday level. 

The counters saw buying after the Goods and Services Tax (GST) Council slashed GST on extruded and savoury items. Read more

11:15 AM

Stock Market LIVE updates: Zaggle Prepaid surges 6% on inking deal with HDFC Ergo General Insurance Co

Zaggle Prepaid Ocean Services shares rise:Shares of Zaggle Prepaid Ocean Services (Zaggle) soared up to 6.21 per cent to hit an intraday high of Rs 372.70 per share on Tuesday, September 10, 2024. 

The Zaggle Prepaid Ocean Services share price rose after the company announced that it has inked a pact with HDFC Ergo General Insurance Company. Read more

11:02 AM

Stock Market LIVE updates: 11 AM market update

Stock Market LIVE updates: Indian benchmark indices BSE Sensex and Nifty50 were trading higher on Tuesday on the back of a strong overnight showing on Wall Street.

At 11:00 AM, the BSE Sensex was at 81,692, up 133 points or 0.16 per cent, while the Nifty 50 was at 24,969, up 32 points, or 0.13 per cent.

10:50 AM

Stock Market LIVE updates: Ahluwalia Contracts shares rally 7% after bagging orders worth Rs 1,307 cr

Stock Market LIVE updates: Shares of Ahluwalia Contracts shot up by 6.78 per cent, recording an intraday high of Rs 1,280 per share on the BSE on Tuesday. Ahluwalia Contracts share price today soared after the company bagged two work orders from the real estate firm Signature Global.

 

Ahluwalia Contracts stock price has appreciated by 61.08 per cent in the last six months, while rallying 75.58 per cent in the last one year, BSE data shows. READ MORE

10:38 AM

Stock Market LIVE updates: Nomura cuts target prices for Axis Bank, SBI and BoB ahead of Fed meeting

Stock Market LIVE updates: Tokyo-headquartered international brokerage firm Nomura has reduced its target prices for some of the private and public lenders ahead of the US Federal Reserve's policy meeting scheduled for next week.  

The brokerage firm has reduced the target price for Axis Bank, State Bank of India (SBI) and Bank of Baroda (BoB) to Rs 1,370, Rs 980, and Rs 280 per share, respectively. Despite slashing their target prices, Nomura has maintained its 'Buy' rating for these banks. READ MORE

 

10:28 AM

Stock Market LIVE updates: Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Stock Market LIVE updates: Adani Group chairman Gautam Adani has approached Muhammad Yunus, the chief advisor to the Bangladesh government, requesting his assistance in expediting the clearance of $800 million in outstanding payments owed by the Bangladesh Power Development Board to Adani Power for electricity supplies, according to a report by The Economic Times. READ MORE

 

10:15 AM

Stock Market LIVE updates: IRB Infrastructure August toll collection zooms 20% YoY; share price gains

Stock Market LIVE updates: Shares of IRB Infrastructure Developers Ltd (IRB) rose as much as 2.79 per cent to hit an intraday high of Rs 63.60 per share on Tuesday, September 10, 2024. 

The uptick in IRB Infrastructure Developers came on the back of strong toll revenue collection for August 2024. READ MORE