Market Highlights, Sept 26: Record Highs! Sensex up 666pts; Nifty ends atop 26,200; Auto, metal zoom

Stock Market Highlights: Benchmark equity indices, the BSE Sensex and NSE Nifty50, scaled fresh highs before ending at new closing high levels on Thursday

2:10 PM

Stock Market LIVE Updates: Stock of this Z group company has zoomed over 3,300% so far in 2024

Shares of Marsons hit a new high of Rs 267.55, as they locked in 5 per cent upper circuit on the BSE on Thursday’s intra-day trade. Thus far in calendar year 2024, the stock price of Marsons has skyrocketed 3,352 per cent, or nearly 35 times, from the level of Rs 7.75 it was on December 29, 2023. READ MORE

2:07 PM

Stock Market LIVE Updates: Headroom to slash petrol, diesel prices by Rs 2-3 per litre, says Icra

Stock Market LIVE Updates: A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providing state-owned firms a headroom to cut petrol and diesel prices by Rs 2-3 per litre, rating agency Icra said on Thursday. The price of a basket of crude oil India imports averaged $74 per barrel in September, down from about $83-84 a barrel in March when petrol and diesel prices were last cut by Rs 2 per litre. READ MORE

 

2:06 PM

Stock Market LIVE Updates: Housing sales dip 11% in third quarter of CY24 in top 7 cities, says report

Stock Market LIVE Updates: Housing sales in top seven Indian cities in the third quarter of calendar year 2024 (Q3 2024) dipped 11 per cent on a yearly basis, said a report on Thursday, noting that the market is stabilising. Data provided by ANAROCK, a property consulting company, showed that sales declined from more than 120,000 units in Q3 2023 to about 107,000 the same period this year. READ MORE

2:02 PM

Stock Market LIVE Updates: Power Mech secures Rs 227-cr order

Stock Market LIVE Updates: Power Mech has announced that it has secured an order worth Rs 226.66 crore. 

Source: BSE

1:57 PM

Stock Market LIVE Updates: SNB cuts interest rates by 25 basis points for third time this year

Stock Market LIVE Updates: The Swiss National Bank cut interest rates by 25 basis points on Thursday, its third such reduction this year, as it echoed steps to lower borrowing costs taken by the European Central Bank and US Federal Reserve. The SNB cut its policy rate to 1.00 per cent, the lowest level since early 2023, as expected by 30 of 32 analysts in a Reuters poll. READ MORE

1:49 PM

Stock Market LIVE Updates: Krsnaa Diagnostics climbs 4% on buying stake in Apulki Healthcare

Stock Market LIVE Updates: Shares of healthcare service provider Krsnaa Diagnostics jumped 4.39 per cent to hit the day’s high of Rs 875.65 during intra-day deals on the BSE. 

The northward movement in the company’s stock follows the announcement of a strategic investment in Apulki Healthcare (Apulki), India’s first Public Private Partnership (PPP) dedicated to cancer, and cardiac care hospitals. 

Earlier, on September 25, 2024, the company informed the exchanges that its Board of Directors had approved the acquisition of 23.53 per cent of the total paid-up capital of Apulki Healthcare. READ MORE

 

1:36 PM

Stock Market LIVE Updates: Thomas Cook India and SOTC tie up with Cricket Australia for Border-Gavaskar Trophy

Stock Market LIVE Updates: Thomas Cook (India) today announced that the company and its group company, SOTC Travel have partnered with Cricket Australia for the highly anticipated Border-Gavaskar Trophy 2024/25. 

The company, in an exchange filing, said, "Thomas Cook India and SOTC Travel have been granted the right to operate as Licensed Travel Operators for the 2024-25 International Summer of Cricket fixture which includes the Border-Gavaskar Trophy 2024-25."

"The agreement covers product development, marketing and promotions, booking services for travel programs that incorporate match tickets and ancillary services. The companies intend to target a wide range of segments including Leisure, B-Leisure and MICE," it added.

1:30 PM

Stock Market LIVE Updates: Zen Tech up 4% on launching remote-operated weapon & surveillance systems

Stock Market LIVE Updates: Shares of Zen Technologies rose as much as 3.66 per cent to reach an intraday high of Rs 1,760 per share on Thursday, September 26, 2024.

 

The rise in Zen Technologies share price came after the company announced that it has launched remote-controlled weapon and surveillance systems to strengthen India’s defence capabilities. READ MORE

1:14 PM

Stock Market LIVE Updates: Diffusion Engineers IPO opens today: GMP up 48%; is it worth your money?

Stock Market LIVE Updates: The initial public offering (IPO) of heavy machinery and equipment maker, Diffusion Engineers, opens for public subscription today. With the IPO, the company is offering a fresh issue of 9,405,000 shares aggregating up to Rs 158 crore. Diffusion Engineers said that it has already raised Rs 47.15 crore from anchor investors on bidding concluded on September 25, 2024.

 

The public issue is available at a price band of Rs 159-168, and a lot size of 88 shares. Accordingly, investors can bid for a minimum of 88 shares and in multiples thereof. The minimum amount of investment required by retail investors is Rs 14,784 for one lot of 88 shares of Diffusion Engineers IPO. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty maintain lead

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 extended their gains from the record levels they hit in early trades on Thursday.

At 1 PM, the BSE Sensex was at 85,448.29, higher by 278 points, or 0.33 per cent, while the Nifty 50 was at 26,091.40, up 87.25 points, or 0.34 per cent.

12:41 PM

Stock Market LIVE Updates: Royal Orchid Hotels signs 51-keys luxury resort in Chittorgarh, Rajasthan

Stock Market LIVE Updates: Royal Orchid Hotels today announced the signing of a 5-star resort property in Chittorgarh, Rajasthan. 

The company, in an exchange filing, said, the property has 51 keys, a multicuisine restaurant, a state-of-the-art gym, a swimming pool and a specially curated kids play area. 

It added that the property will include a banquet space spanning over 6,800 sq. ft. 

 

12:37 PM

Stock Market LIVE Updates: Nifty Bank, Financial Services hit fresh peaks

Stock Market LIVE Updates: Sectoral indices Nifty Bank and Financial Services climbed to fresh life highs on Thursday, after gains in stocks of bank, NBFCs and insurance companies.

The Nifty Bank gained 0.30 per cent to climb to a fresh peak of 54,101.65. Its earlier 52-week high was at 54,247.70.

Separately, the Financial Services index also gained 0.30 per cent to climb to a fresh all-time high of 25,063.55. Its previous record was at 25,038.20.

12:28 PM

Stock Market LIVE Updates: Vedanta shareholders to rejoice: Company lines up for 4th dividend for FY25

Stock Market LIVE Updates: Shares of Anil Agarwal-led metals and mining major Vedanta were in the spotlight on Thursday as the scrip surged 3.30 per cent to today's high of Rs 495.45 apiece during Thursday's intra-day trading.

The uptick was fueled by the company's announcement of a fourth interim dividend for FY25. READ MORE

12:12 PM

Stock Market LIVE Updates: 12 PM market update - Benchmarks extend lead from record levels

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 had extended their gains from the record levels they hit in early trades on Thursday.

At 12 PM, the BSE Sensex was at 85,447.77, higher by 278 points, or 0.33 per cent, while the Nifty 50 was at 26,086.45, up 82.30 points, or 0.32 per cent.

 

11:49 AM

Stock Market LIVE Updates: LINC to form JV with Mitsubishi Pencil to make writing tools for India market

Stock Market LIVE Updates: LINC today announced that it has tied up with Mitsubishi Pencil, which already holds a 13.45 per cent stake in LINC, to form a joint venture with a plan to manufacture and sell "high quality yet affordable writing instruments tailored for Indian consumers."

The company, in an exchange filing, said, Mitsubishi will hold a 51 per cent stake in the new JV, while LINC will hold the rest.