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

9:36 AM

Stock Market LIVE Updates: HDFC Bank in the red after Macquarie says its loan growth may slip 10% in Q2FY25

Stock Market LIVE Updates: The bank's loan growth may slip below 10 per cent YoY in Q2FY25 due to portfolio management strategies, according to a Macquarie research note.

The bank is focusing on reducing its loan-deposit ratio and enhancing net interest margins. Separately, UBS Group bought over Rs 543 crore worth of HDFC Bank shares through an open market transaction, acquiring 30.72 lakh shares at Rs 1,768.05 each. 

 

9:34 AM

Stock Market LIVE Updates: Piramal Pharma climbs after Nandini Piramal reveals plans to double revenue by FY30

Stock Market LIVE Updates: The pharmaceutical firm aims to double its revenue to $2 billion by FY30, while tripling its Ebitda, said company Chairperson Nandini Piramal.

The company plans to maintain a net debt to Ebitda ratio of 1x by FY30. Their CDMO segment is expected to grow significantly, driven by increased demand, especially due to the potential impact of the US Biosecure Act.

 

9:26 AM

Stock Market LIVE Updates: Benchmarks at record high

Stock Market LIVE Updates: Nifty50 and Sensex hit fresh record high on Thursday. Nifty rose up to 26,051.30 levels while Sensex climbed to a new high of 85,333.23 levels.

9:22 AM

Stock Market LIVE Updates: Sector Check

Stock Market LIVE Updates: Nifty IT was the top gainer, up 0.5 per cent.
 

9:21 AM

Stock Market LIVE Updates: Broader markets slip in trade

Stock Market LIVE Updates: Broader markets slip in trade; Nifty SmallCap down 0.2 per cent.
 

9:20 AM

Stock Market LIVE Updates: Index heatmap check

Stock Market LIVE Updates: Maruti, Nestle among top gainers on BSE.

9:17 AM

Stock Market LIVE Updates: Sensex opens with minor gains

Stock Market LIVE Updates: Sensex started off with minor gains, up 0.01 per cent at 85,180 levels.

9:15 AM

Stock Market LIVE Updates: Nifty50 opens above 26,000

Stock Market LIVE Updates: Nifty50 opened on a muted note on Thursday.

9:10 AM

Stock Market LIVE Updates: Sensex flat at 85,167.56 in pre-open

Stock Market LIVE Updates: Sensex was flat at 85,167.56 in the pre-open trade.

9:08 AM

Stock Market LIVE Updates: Nifty falls marginally in pre-open

Stock Market LIVE Updates: Nifty falls marginally in pre-open, down 0.04 per cent or 12.25 points to 25,991.90.

9:03 AM

Stock Market LIVE Updates: KPI Green bags Letter of Award for hybrid project

Stock Market LIVE Updates:  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.

Source: BSE

9:02 AM

Stock Market LIVE Updates: Prestige Grp launches luxury development in Whitefield

Stock Market LIVE Updates: Prestige Group launches luxury development in Whitefield with Rs 1,100-cr sales potential.
  
Source: BSE

9:00 AM

Stock Market LIVE Updates: COP hosts aim for 33% increase in combined oil and gas production by 2035

Stock Market LIVE Updates: Azerbaijan, the UAE, and Brazil -- the past, current, and next hosts of the UN climate conference -- are set to increase their combined oil and gas production by 33 per cent by 2035, contradicting their commitments to lead global efforts for stronger climate action, according to a new analysis. READ MORE

 

8:57 AM

Stock Market LIVE Updates: 'Aggressive targets for Nifty are at 26,500-27,000, while support is at 24,755'

Stock Market LIVE Updates: "Strong Asian market undercurrent could see domestic benchmarks log early gains, with key indices holding above their highest levels on the back of liquidity-driven rally. Markets could turn choppy intra-day amid today's current month F&O expiry as investors would look to wind up their open positions. 

While India's growth fundamentals remain resilient despite global concerns and Middle-East tensions, investors need to be mindful of the valuations getting expensive after the recent upsurge. 

With the current bullish momentum underway, aggressive targets for Nifty are seen at 26,500-27,000 zone while the index is likely to find support at 24,755."

Views By: Prashanth Tapse, Senior VP (Research), Mehta Equities

 

8:52 AM

Stock Market LIVE Updates: Zaggle Prepaid to buy 26% in digital payments infra co Mobileware for Rs 15.6 cr

Stock Market LIVE Updates: Zaggle Prepaid Ocean Services today announced that its board has approved the Investment of Rs 15.6 crores to acqire a 26 per cent ownership in Mobileware Technologies. 

The company, in an exchange filing, said, "Zaggle Prepaid Ocean Services Limited (Company) held today i.e. Wednesday, September 25, 2024, has, inter alia, approved the Investment of Rs. 15.6 Crores for 26 percent ownership capital of Mobileware Technologies Private Limited on a post issue and fully diluted basis."

Mobileware is a Mumbai-based company offering integrated product suite of NPCI certified switch solutions across UPI, IMPS, AEPS and BBPS, along with an API and Agency banking platform called Transxt.