Market Highlights, Sept 13: Sensex ends flat, Nifty near 25,350; MidCap index settles at record high

Stock Market Highlights: The NSE Nifty Midcap 100 index ended at a record high closing level of 60,034.05 on Friday

12:43 PM

Stock Market LIVE Updates: Bajaj Housing Finance IPO GMP zooms over 100%: Investors eye windfall gains

Stock Market LIVE Updates: As investors eagerly await the listing of Baja Housing Finance shares on the stock exchanges, scheduled for Monday, September 16, 2024, the grey market premium (GMP) of the public issue continues to remain above 100 per cent due to overwhelming demand among investors. This sustained GMP also reflects the high level of interest, and enthusiasm among investors, setting the stage for a strong post-listing performance. READ MORE

 

12:24 PM

Stock Market LIVE updates: RailTel gains over 2% on bagging Rs 19.7 cr order from Northern Railways

Stock Market LIVE updates: RailTel Corporation of India today informed that it has received a work order worth Rs 19.69 crore from Northern Railways. 

The project involves building a provision of double distant  in the connection with DFC Feeder routes over Lucknow Division, according to the company's exchange filing.

12:18 PM

Stock Market LIVE updates: PVR Inox ready for rerating, says ICICI Securities; ups share target price

Stock Market LIVE updates: Buoyed by 'five mega-budget Indian movies', domestic brokerage ICICI Securities expects PVR Inox to post its 'strongest' quarterly show in the October-December quarter (Q3) of the current financial year 2024-25 (FY25).

Given this, the brokerage has raised PVR Inox share price target to Rs 2,250 with a 'Buy' rating (maintained). READ MORE

12:03 PM

Stock Market LIVE updates: 12 PM market update

Stock Market LIVE updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading in the red, after pulling back from near their record highs at pre-open.

At 12 PM, the BSE Sensex was at 82,928, down 34 points, or 0.04 per cent, while the Nifty 50 was down 19 points, or 0.08 per cent, at 25,369.

11:56 AM

Stock Market LIVE updates: Panacea Biotec gets $20 mn loan from US DFC for capex; stock rises 5%

Stock Market LIVE updates: Shares of pharmaceutical company Panacea Biotech soared up to 4.7 per cent to hit a fresh 52-week high of Rs 317.50 per share. 

The shares of Panacea Biotec rose after the company announced that it has secured $20 million in loan from the US Government’s development finance institution, the US International Development Finance Corporation (DFC). READ MORE

 

11:48 AM

Stock Market LIVE updates: NSE warns about another Whatsapp group scam:'Lazard Asset Management India

Stock Market LIVE updates: The National Stock Exchange (NSE) has issued a warning to investors regarding a fraudulent entity operating under the name "Lazard Asset Management India."

This entity has been identified as part of a WhatsApp group called "JO HAMBRO," which is luring investors with promises of discounted stock purchases after market hours. READ MORE

 

11:30 AM

Stock Market LIVE updates: Bharti Hexacom rallies 13% on Jefferies' upgrade to 'Buy' with 1,600 target

Stock Market LIVE updates: Shares of Bharti Hexacom hit a record high of Rs 1,454, as they surged 13 per cent on the BSE in Friday’s intra-day trade after the global brokerage firm Jefferies upgraded the stock to ‘Buy’, and raised the scrip's target price to Rs 1,600 per share.
 

The brokerage firm cited Reliance Jio's rising focus on growth and Vodafone Idea's market share losses, coupled with the telecom industry's need for multiple tariff hikes over the next few years as reasons to go bullish on Bharti Hexacom. READ MORE

 

11:17 AM

Stock Market LIVE updates: PN Gadgil Jewellers IPO: Will you strike gold? Check allotment status & GMP

Stock Market LIVE updates: The allotment of PN Gadgil Jewellers IPO shares is expected to be finalised today, following the closure of the three-day subscription window yesterday. The public issue, priced between Rs 456-480 with a lot size of 31 shares, garnered strong investor interest, resulting in oversubscription of 59.41 times. 
 

A total of 1,00,31,53,273 bids were received for the 1,68,85,964 shares offered, indicating a highly successful subscription period. READ MORE

 

11:03 AM

Stock Market LIVE updates: 11 AM market update

Stock Market LIVE updates: Indian benchmark indices BSE Sensex and Nifty 50 were trading in the red, after pulling back from near their record highs at pre-open.

At 11:00 AM, the BSE Sensex was at 82,919, down 43 points, or 0.05 per cent, while the Nifty 50 was down 26 points, or 0.11 per cent, at 25,362.

10:57 AM

Stock Market LIVE updates: SpiceJet rallies 15% in 2 days, hits over 7-month high on heavy volumes

Stock Market LIVE updates: Shares of SpiceJet hit an over seven-month high of Rs 72.25, as they rallied 9 per cent on the BSE in Friday’s intra-day trade.

Shares of the airline have surged 15 per cent in the past two days amid heavy volumes on expectation of healthy growth. The stock of the low-cost airline is trading at its highest level since February 7, 2024. READ MORE

 

10:48 AM

Stock Market LIVE updates: Tata Motors, M&M, MS: Nomura's top bets as Govt launches PM E-DRIVE

Stock Market LIVE updates: Global brokerage Nomura picked Tata Motors, Mahindra & Mahindra (M&M), and Maruti Suzuki as its preferred stock after the government's launch of the Rs 10,900 crore PM Electric drive revolution in innovative vehicle enhancement (PM E-DRIVE) scheme.

Nomura has given a 'Buy' call on Tata Motors with a target price of Rs 1,303. For M&M as well the brokerage has given a 'Buy' call with a target of Rs 3,417 and Maruti Suzuki has been given a 'Neutral' rating with a target of Rs 13,133. READ MORE

 

10:38 AM

Stock Market LIVE updates: Patanjali Foods drops 4% after large block deal; promoter grp likely seller

Stock Market LIVE updates: Patanjali Foods share price today fell 4.2 per cent to Rs 1,850 on the National Stock Exchange (NSE) after a large block deal.

Till 9:57 AM, around 12.2 million shares had changed hands on the NSE, while 0.78 million shares had changed hands on the BSE. Together, 13.05 million shares had changed hands on the counter. On the BSE, the block deal in 0.70 million shares took place at a price of Rs 1,880 per share. READ MORE

 

10:34 AM

Stock Market LIVE updates: Dividend, Bonus Issue, Stock-split: These 80 shares turn ex-date today

Stock Market LIVE updates: As the final trading session of the week commences today, a total of 76 companies including Glenmark Pharma, BEML, and others, will remain in focus during today's trading session as they will trade ex-dividend date.

Besides these, Monarch Networth Capital shares will also be closely watched as they trade ex-date, following the company's 1:1 bonus issue announcement. READ MORE

 

10:26 AM

Stock Market LIVE updates: Here's why Puravankara share price hit 5% upper circuit on Sept 13; details

Stock Market LIVE updates: Shares of Puravankara were buzzing in trade on Friday, September 13. The Puravankara scrip rallied as much as 5 per cent to hit the upper circuit at Rs 456.05 per share. 

The stock’s rally was fuelled by the company’s announcement of securing redevelopment rights of Miami Apartments at Breach Candy, South Mumbai. READ MORE

10:18 AM

Stock Market LIVE updates: Nifty Midcap crosses 60,000

Stock Market LIVE updates: Nifty Midcap index breached the 60,000 level for the first time, driven by a rally in IDBI, PEL, Godrej Properties, Bandhan Bank and Sail, among others.