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

11:43 AM

Stock Market LIVE Updates: Linc partners with Turkiye-based co to produce & sell writing tools in Middle East

Stock Market LIVE Updates: Linc today informed that it has entered into a partnership with Turkiye-based Silka Kirtasiye Imalat Sanayi Ve Ticaret Limited Sirketi to manuufacture and sell writing instruments there and in the surrounding countries.

The company, in an exchange filing, said, "We would like to inform you that the Board of Directors, at their meeting held today, have approved the Joint Venture Agreement between Linc Limited and Silka Kirtasiye Imalat Sanayi Ve Ticaret Limited Sirketi to carry out manufacturing of Writing Instruments in Turkiye and its distribution and sale in Turkiye and nearby countries."

11:33 AM

Stock Market LIVE Updates: Hero MotoCorp share price falls 3% in firm market; UBS maintains 'Sell'

Stock Market LIVE Updates: Shares of largest two-wheeler manufacturer, Hero MotoCorp dropped up to 2.76 per cent to hit an intraday low of Rs 5,919.50 per share on Thursday, September 26, 2024. 

 

The downtrend in the Hero MotoCorp share price came after international brokerage firm UBS maintained its 'Sell' rating with a target price of Rs 3,350 per share, implying a downside of 45 per cent from the share's previous close (September 25) of Rs 6,087.60 per share. READ MORE

11:15 AM

Stock Market LIVE Updates: This Tata Group stock has beat Sensex for a decade, surged 1,154% in 4 yrs

Stock Market LIVE Updates: Shares of Tata group company Trent hit a new high of Rs 7,939.90, after rallying 4 per cent on the National Stock Exchange (NSE) on Thursday’s intra-day trade.

The rally in the stock came after global brokerage firm Citi initiated coverage on the stock with a 'Buy' rating and a target price of Rs 9,250, on robust growth outlook. READ MORE

 

11:03 AM

Stock Market LIVE Updates: 11 AM market update - Benchmarks off record highs; trading with gains

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were off their record highs, but trading with significant gains.

At 11 AM, the BSE Sensex was at 85,376.82, higher by 206 points, or 0.24 per cent higher, while the Nifty 50 was at 26,061, 57 points, or 0.22 per cent higher.

10:58 AM

Stock Market LIVE Updates: Five-star Business Finance Block Deal: 28 mn shares change hands, stk up 4%

Stock Market LIVE Updates: Five-Star Business Finance share price was buzzing on Thursday, September 26, as the scrip rallied up to 3.78 per cent to hit an intraday high of Rs 847.45 per share.

The surge in Five-Star Business Finance share price came after 28.1 million (or 2.81 crore) shares changed hands via a block deal. As per the BSE data, 2,81,04,950 Five Star Business Finance shares changed hands at Rs 800.50 per share worth Rs 2,249.80 crore via the block deal. READ MORE

10:43 AM

Stock Market LIVE Updates: Manba Finance IPO allotment today: Check status, GMP, likely listing price

Stock Market LIVE Updates: The allotment for Manba Finance's IPO is expected to be finalised today. The company's public issue, which closed for subscription on Wednesday, has seen massive demand from investors, with bids filed for 1.9 billion (1,971,834,875) shares compared to 8.8 million (8,799,000) on offer, resulting in an oversubscription of 224.10 times by the final day of subscription, September 25, 2024. READ MORE

10:34 AM

Stock Market LIVE Updates: Allcargo Gati increases price of express distribution service by 10.2%

Stock Market LIVE Updates: Allcargo Gati today announced a 10.2 per cent average General Price Increase (GPI) effective from January 1, 2025, for its Express Distribution services. 

The company, in an exhange filing, said, "This is the first price revision since Allcargo Logistics Limited’s strategic acquisition of Gati in 2019, driven by the necessity to align pricing with ongoing operational investments and maintain high standards of service quality." 

The company added that the GPI will help offset the significant increase in costs over the years, taking into consideration inflation, administrative costs related to regulatory and security measures, enabling further investment in infrastructure and technological advancements. 

New customers who sign up between October 1 and December 31, 2024, will have the GPI excluded, the company stated.

 

10:24 AM

Stock Market LIVE Updates: Gensol Engineering promoter and MD Anmol Singh Jaggi buys 12,000 shares in co

Stock Market LIVE Updates: Gensol Engineering today informed that its promoter and MD, Anmol Singh Jaggi has increased his stake in the company with the acquisition of 12,000 shares of Gensol.

The company, in an exchange filing, said, "One of promoter Mr. Anmol Singh Jaggi has invested more in the company though acquisition of 12,000 Equity shares of the company through open market operation which increase the stake of him, by 0.0003% in the company."

The company added that Jaggi holds 80,18,711 equity shares of the company, amounting to 21.17 per cent of the total shareholding of the company.

10:18 AM

Stock Market LIVE Updates: Dr Reddy's Labs fined around Rs 28 lakh by Mexico's drug regulatory body

Stock Market LIVE Updates: Dr Reddy's Laboratories today informed that Mexico's drug regulatory authority has imposed a penalty of MXN 651,420 (around Rs 28 lakh) on the company for deviating from the prescribed disclosure guidelines for import of reference standard for one of its APIs.

The company, in an exchange filing, said, "The drug regulatory body of Mexico (Comisión Federal para la Protección contra Riesgos Sanitarios or Cofepris) has imposed a penalty of MXN 651, 420 (~INR 28 Lakh) on the Company for deviation from prescribed guidelines for filing intimation of import of a reference standard for one of our APIs." 

 

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Markets maintain record levels ahead of monthly expiry

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading at record levels on Thursday, after starting the trading session nearly flat.

At 10 AM, the BSE Sensex was at 85,335.59, ahead by 165 points, or 0.19 per cent, while the Nifty 50 was at 26,046.35, ahead by 42.20 points, or 0.16 per cent.

9:55 AM

Stock Market LIVE Updates: KPI Green Energy bags 66.20 MW hybrid power project

Stock Market LIVE Updates: KPI Green Energy today announced that it has received a letter of award for the development of a 66.20 MW hybrid power project.

The company, in an exchange filing, said, "We are pleased to announce that KPI Green Energy Limited has received the Letter of Award for the development of a 66.20 MW Hybrid Power Project under the Captive Power Producer (CPP) segment of the company."

9:52 AM

Stock Market LIVE Updates: Prestige launches new project in Bengaluru with sales potential of Rs 1,100 crore

Stock Market LIVE Updates: Prestige Estates Projects today announced the launch of its new residential project in Whitefield called Prestige Pine Forest. 

The company, in an exchange filing, said, Pine Forest includes 316 units in 4 towers, spread across 9 acres of land. It added that the project has a sales potential of Rs 1,100 crore

 

9:43 AM

Stock Market LIVE Updates: Infosys climbs after tying up with Polestar to set-up EV tech hub in B'luru

Stock Market LIVE Updates: The company has partnered with Polestar to create a technology hub in Bengaluru aimed at developing software for electric vehicles, including infotainment and advanced driver assistance systems. 

 

9:41 AM

Stock Market LIVE Updates: Reliance Power up over 4% after subsidiary Rosa Power prepays Rs 850 cr debt

Stock Market LIVE Updates: Rosa Power, a Reliance Power subsidiary, has prepaid Rs 850 crore to Varde Partners, moving closer to achieving zero-debt status.

This initiative supports Reliance Power's broader strategy to strengthen its balance sheet while transitioning towards renewable energy. The company plans to eliminate its remaining obligations by the end of the financial year.

 

9:38 AM

Stock Market LIVE Updates: SpiceJet climbs after chair Ajay Singh reveals plans to have 100 aircraft by 2026

Stock Market LIVE Updates: The airline aims to expand its fleet to 100 aircraft by 2026, according to Chairman Ajay Singh.

This announcement follows the airline's successful fundraising of Rs 3,000 crore through qualified institutional placement (QIP).

Singh cited challenges like the Boeing 737 Max grounding and the COVID-19 pandemic as significant hurdles but expressed confidence in the airline's fundamentals.