Stock Market Highlights: Sensex trims gain on late sell-off, ends 239 pts up; Nifty holds 23,500

Stock Market Today: Indian benchmark equity indices BSE Sensex and Nifty 50 settled in the positive territory on Tuesday

2:29 PM

Stock Market LIVE Updates: NTPC Green Energy IPO: Retail Investors show strong interest on opening day

Stock Market LIVE Updates: Retail investors have shown the highest interest among all investor categories in the initial public offering (IPO) of NTPC Green Energy, which opened for subscription today, Tuesday, November 19, 2024.  

 

According to data from the National Stock Exchange (NSE), the IPO has garnered an overall subscription of 0.24 times as of 12:48 PM. READ MORE

 

2:15 PM

Stock Market LIVE Updates: Govt planning to sell stakes in 4 state-run banks to comply with Sebi norms

Stock Market LIVE Updates: The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.

 

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said. READ MORE

 

2:14 PM

Stock Market LIVE Updates: Akums Drugs freezes in 5% upper circuit on sales pact with South Korean Co

Stock Market LIVE Updates: Shares of Akums Drugs and Pharmaceuticals were locked in a 5 per cent upper circuit on Tuesday after the company said that it has signed a sales agreement with Caregen, a leading South Korean company in the Nutraceuticals segment. 

 

“Akums has been granted the exclusive rights to sell certain Caregen products in India, during the term of the agreement. Further the company shall also undertake the packaging, marketing and selling of Caregen’s line of bulk product under the Caregen’s trademark or Akums’s trademark or of Akums’s Clients trademark,” the company said in a regulatory filing. READ MORE

 

2:03 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty maintain gains

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, tracking gains in global markets.

At 2 PM, the BSE Sensex was 1,042 points, or 1.35 per cent higher at 78,381, while the Nifty 50 was at 23,766, up 312 points, or 1.33 per cent.

 

1:54 PM

Stock Market LIVE Updates: Jyoti Structures hits 5% upper circuit as board to mull fundraise on Nov 22

Stock Market LIVE Updates: Jyoti Structures shares hit a 5 per cent upper circuit on Tuesday (November 19) on BSE in morning deals. The stock climbed after the company announced to consider fundraising in a meeting on Friday, November 22, 2024.

 

Around 12:23 PM, Jyoti Structures' share price was up 3.45 per cent at Rs 32.09 per share on BSE. In comparison, the BSE Sensex was up 1.33 per cent at 78,366.15. READ MORE

 

1:40 PM

Stock Market LIVE Updates: TVS Motor stock gains on launching TVS Apache RTR 160 4V; more details here

Stock Market LIVE Updates: Two and three-wheeler manufacturer TVS Motor Company (TVS Motor) share price gained as much as 2.34 per cent to hit an intraday high of Rs 2,470.05 per share on Tuesday, November 19, 2024.

 

The uptick in TVS Motor share price came after the company announced that it has introduced a refreshed TVS Apache RTR 160 4V with new features and technology. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Kitex Garments hits 5% upper circuit as board to consider bonus issue

Stock Market LIVE Updates: Kitex Garments shares were locked in a 5 per cent upper circuit at Rs 637.15 a piece on the BSE after the company on Monday announced that its board of directors will soon mull on issuance of bonus shares.

“We hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, November 22, 2024 to consider inter alia, the proposal for declaration and recommendation of Bonus Equity Shares subject to approval of shareholders of the company,” the company said in an exchange filing. READ MORE

 

1:16 PM

Stock Market LIVE Updates: RVNL shares jump 4% on receiving Rs 295-cr LoA from South Central Railway

Stock Market LIVE Updates: Shares of Rail Vikas Nigam (RVNL) jumped 3.68 per cent to Rs 431.55 on the National Stock Exchange (NSE) during early trade on Tuesday.

The upward move in the RVNL stock price follows the company's announcement of receiving a ‘Letter of Acceptance’ from South Central Railway of worth Rs 294.94 crore. READ MORE

 

1:02 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, tracking gains in global markets.

At 1 PM, the BSE Sensex was 1,016 points, or 1.31 per cent higher at 78,355, while the Nifty 50 was at 23,751, up 297 points, or 1.27 per cent.

 

12:54 PM

Stock Market LIVE Updates: Market recovery: Sensex pops 1,113 pts, Nifty up 327 pts; top reasons here

Stock Market LIVE Updates: Key benchmark indices – Sensex and Nifty50 – recovered on Tuesday, November 19, 2024, after falling for previous seven consecutive sessions.

 

The recovery in the key indices, analysts believe, came on the back of upbeat global markets. Ambreesh Baliga, independent analyst said, "The recovery in the markets is merely a natural rebound following a seven-day losing streak. The primary driver for this recovery appears to be the positive performance of global markets." READ MORE

 

12:46 PM

Stock Market LIVE Updates: Tepid earnings growth in September quarter an Asia-wide problem: Nomura

Stock Market LIVE Updates: Tepid earnings growth in the September 2024 quarter (Q2-FY25 / Q3-CY24) is not restricted to India, according to analysts at Nomura, who suggest this has been the case with most Asia ex-Japan (AeJ) markets in the quarter gone by.

 

“The September 2024 quarter earnings season hasn’t been up to scratch with more misses than beats at the AeJ level. However, on a weighted basis, results season is not that bad contrary to what is suggested by simple beat-miss ratio. Large-cap index stocks, especially in MSCI China, have had a good earnings season so far,” wrote Chetan Seth, Ankit Yadav and Anshuman Agarwal of Nomura in a recent note. READ MORE

 

12:32 PM

Stock Market LIVE Updates: Bigbloc Construction promoter Narayan Saboo buys 61,500 equity shares in the co

Stock Market LIVE Updates: Bigbloc Construction today informed that one of its promoter, Narayan Sitaram Saboo, has acquired 61,500 equity shares, representing 0.04 per cent of the outstanding equity shares of the company, in open market transactions on November 18.

The company, in an exchange filing, said, "In compliance with the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it is to inform that Narayan Sitaram Saboo(HUF), belonging to Promoter group of Bigbloc Construction Limited has intimated that it has acquired 61,500 Equity Shares of the Company from open market dated November 18, 2024."

 

12:20 PM

Stock Market LIVE Updates: Mahindra & Mahindra, Skoda-Volkswagen clash over joint venture terms

Stock Market LIVE Updates: The negotiations between Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India for a 50:50 joint venture have stalled. The companies are unable to finalise crucial terms after signing non-binding memorandums of understanding (MoUs) due to disagreements, The Economic Times reported on Tuesday.

M&M, with a stronger position in the domestic market, is reluctant to compromise, as the two sides face disagreements over development costs and sourcing. READ MORE

 

12:18 PM

Stock Market LIVE Updates: Price corrections: Immediate impact of market drops on mutual funds decoded

Stock Market LIVE Updates: Equity markets have long been subject to cycles of growth and contraction, often triggered by global events that lead to sharp declines in asset values. From the Great Depression of 1929 to the COVID-19 pandemic in 2020, these downturns have left investors grappling with the question of how to navigate these financial storms. 

A recent analysis by Ventura Securities sheds light on a critical aspect of this challenge: drawdowns and the performance of mutual funds during market downturns. READ MORE

 

12:17 PM

Stock Market LIVE Updates: NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

Stock Market LIVE Updates: NTPC Green Energy Rs 10,000 crore initial public offering (IPO) opens for subscription today, Tuesday, November 19, 2024. Shares of the company can be subscribed in the price band of Rs 102 - Rs 108 per share, in multiples of 138 shares.

 

NTPC Green Energy is the renewable energy arm of power major NTPC. The company intends to use the net proceeds from the IPO to fund investments in its wholly-owned subsidiary, NTPC Renewable Energy (NREL). The issue closes on Friday, November 22, 2024. READ MORE