Stock Market Close Highlights: Sensex sheds 836pts; Nifty ends below 24,200; all sectors end in red

Share Market Highlights: Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday

2:18 PM

Stock Market LIVE Updates: India's 'high' premium valuations can come with upsides: Market gurus

Stock Market LIVE Updates: India's premium valuations, relative to other emerging markets, are not only justified but can also present upsides, according to experts in a panel discussion with A K Bhattacharya, editorial director at Business Standard, during India’s biggest banking, financial services, and insurance (BFSI) event on Thursday. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Why Sensex fell 959 pts, Nifty 302 pts, after Trump's US election victory

Stock Market LIVE Updates: Indian benchmark indices – Sensex and Nifty – dropped in trade on Thursday, November 7, 2024 despite Republican Donald Trump' s victory in the United States Presidential Election 2024.

 

The BSE Sensex dropped up to 1.19 per cent or 958.79 pts to 79,419.34 levels. Similarly, NSE Nifty50 tanked 1.23 per cent or 302.1 points to 24,181.95 levels. 

Broader markets also felt the heat. BSE SmallCap index fell up to 277.36 points or 0.5 per cent to an intraday low of 55,730.77 levels. On the other hand, the BSE MidCap index slipped 351.04 or 0.74 per cent to 46,592.98 levels. READ MORE

 

 

2:10 PM

Stock Market LIVE Updates: Delta Corp share price falls 6% on weak September quarter earnings; details

Stock Market LIVE Updates: Casino company Delta Corp shares slipped up to 6.20 per cent to hit an intraday low of Rs 111.95 per share on Thursday, November 07, 2024. 

 

The fall came after the company reported a weak set of September quarter earnings on November 06, 2024.

The company’s consolidated net profit plunged 61.1 per cent year-on-year (Y-o-Y) to Rs 27 crore in the September quarter of financial year 20245 (Q2FY25), as opposed to Rs 69.4 crore in the September quarter of financial year 2024 (Q2FY24). READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade with deep cuts

Stock Market LIVE Updates: Indian benchmark equity indices were trading lower, amid mixed global cues. 

At 2 PM, the BSE Sensex was 791 points, or 0.98 per cent lower, at 79,587, and the Nifty 50 was at 24,212, down 271 points, or 1.11 per cent.

1:52 PM

Stock Market LIVE Updates: Domestic investors lead as mutual fund inflows push DII share to new height

Stock Market LIVE Updates: The share of domestic Mutual Funds (MFs) in companies listed on the National Stock Exchange ( NSE)  rose to yet another all-time high of 9.45 per cent as on September 30, 2024 from 9.18 per cent as on June 30, 2024, powered by strong net inflows of Rs 89,038 crore during the quarter, showed data analysed by primeinfobase.com. READ MORE

 

1:44 PM

Stock Market LIVE Updates: TeamLease slips 11%; hits lowest level in CY 2024 post Q2 results

Stock Market LIVE Updates: TeamLease Services share price slipped 11 per cent to Rs 2,541.45 on the BSE in Thursday's intraday trade amid heavy volumes on expectation of muted December quarter (Q3FY25) earnings. The stock price of the people supply chain company hit its lowest level in calendar year 2024.

 

TeamLease share price is trading close to its 52-week low level of Rs 2,424 which it touched on December 13, 2023. The stock has corrected 31 per cent from its 52-week high price of Rs 3,692.45 hit on May 22, 2024. READ MORE

 

1:30 PM

Stock Market LIVE Updates: Rs 100 trn AUM? Just 3-4 years away, say mutual fund CEOs at BS BFSI Summit

Stock Market LIVE Updates: At the Business Standard BFSI Insight Summit on Thursday, top leaders of India's mutual fund companies expressed confidence that it will take no more than three to four years for the industry’s assets under management (AUM) to reach Rs 100 trillion.

 

During a discussion with Business Standard consulting editor Tamal Bandyopadhyay, A Balasubramanian, managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, emphasised that the focus is not solely on achieving an AUM of Rs 100 trillion but on expanding the investor base. "It's not about the AUM of Rs 100 trillion; it’s about the number of investors," he said. READ MORE

 

1:29 PM

Stock Market LIVE Updates: BS BFSI Summit: MF CIOs flag market risks, stress need for diversification

Stock Market LIVE Updates: A panel of leading mutual fund chief investment officers (CIOs) gathered to discuss current market conditions on Day 2 of the Business Standard BFSI Summit on Thursday, November 7.

The discussion on "Is the market in a bubble zone?" revealed a cautious optimism among panellists, who agreed that while some parts of the market are overheated, the broader outlook for Indian markets remains positive. READ MORE

 

1:25 PM

Stock Market LIVE Updates: MSCI Nov rebalancing impact: BSE, Oberoi gain 3%, Alkem Labs down 2%

MSCI rebalacing review stocks: BSE, Voltas, and Oberoi Realty shares edged higher, while Kalyan Jewellers, HDFC Bank, and Alkem Laboratories shares traded in the negative territory in the afternoon trade on NSE after MSCI announced its November rebalancing results.

 

 

Around 12:09 PM, individually, BSE shares were up 3.32 per cent, Oberoi Realty was up 2.12 per cent, and Voltas was up 0.12 per cent on NSE. Conversely, Kalyan Jewellers was down 0.29 per cent and Alkem Laboratories was down 2.31 per cent. In comparison, the NSE Nifty was down 1.14 per cent at 24,205.10. Read more

1:07 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: We are investing with a 7-10 year perspective and in that perspective Indian market is highly attractive. A lot of good work and formalisation is taking place in the MSME sector and they are growing really well and as they scale up it becomes further attractive.

 

Couple that with manufacturing which is going to be a very big base for India - its 16 per cent of the GDP today with a 24 per cent of the GDP target, now this is a massive jump which will also result in corporate profitability. 

1:05 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Sunil Singhania: FII selling has been massive in the past one or two years but domestic investors have backed continuously in a very structured way. And this is likely to continue

1:04 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: India's stock market has defied global uncertainties, posting impressive 15-20% CAGR returns over the last 20 years, weathering the 2008 crisis, wars, pandemics, and government changes.

 

Vitals of economies are strong, external factors may bring volatility, but Indian markets have enough strength to come back from it.

1:03 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: Vitals of the economy are strong. Externalities might bring some volatility, but structural growth is strong, and that is what investors need to keep in mind while dealing with risks and crises.

1:00 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Vikas Khemani: Despite numerous uncertainties, India has given returns of 15-16% CAGR returns over a 20-year period.

If you are worried about intermittent volatility, you should not be equity investor. So, longer the horizon, lower the risk.

 

12:57 PM

Stock Market LIVE Updates: BS BFSI Insights Summit - Market Gurus discuss if the Indian premium justified?

Stock Market LIVE Updates: Prashant Jain: I believe the growth in consumption should be moderate compared to expectations. And lower inflation is great but it also means lower growth in rupee terms and that is why cost of capital has come down. And hence, the GST revenues growing around 9 per cent a year and I do not think they will grow too much as the catch up from less formalisation to formalisation has happened.