Stock Market Highlights, Sept 16: Sensex, Nifty end flat; Bajaj Housing Finance soars 136% on debut

Stock Market Highlights: 26 constituent stocks of Nifty50 ended higher with the gains led by NTPC, Hindalco, JSW Steel, Shriram Finance, and Larsen & Toubro on Monday

2:20 PM

Stock Market LIVE Updates: JSW MG to launch 4 luxury cars in 2 years, to be sold through new channel

Stock Market LIVE Updates: JSW MG Motor on Monday said it is planning to launch four luxury cars in the next two years, which will be sold through a new showroom line called 'MG Select.' The first luxury car will be launched in the first quarter of 2025, and the company plans to open 12 MG Select showrooms in the next six months, Gaurav Gupta, chief growth officer, JSW MG Motor India, told Business Standard. READ MORE

2:15 PM

Stock Market LIVE Updates: Hinduja group firm to raise Rs 3,000 crore as debentures to fund RCap buy

Stock Market LIVE Updates: Hinduja group firm Cyqure India is raising Rs 3,000 crore as debentures to partly fund the group’s acquisition of bankrupt financial services firm Reliance Capital. The zero-coupon debenture issue will open and close on Monday and attract a yield rate of 14.5 per cent, according to the prospectus filed by the company. READ MORE

2:00 PM

Stock Market LIVE Updates: Phoenix Mills fixes Sept 21 as record date for 1:1 bonus issue; stock up 4%

Stock Market LIVE Updates: Shares of The Phoenix Mills (Phoenix Mills) rose up to 4.42 per cent to an intraday high of Rs 3,458.60 per share on Monday, September 16, 2024. This increase in the company's share price followed the shareholders' approval for a Bonus Equity Share issuance in the ratio of 1:1. READ MORE

1:48 PM

Stock Market LIVE Updates: Sebi withdraws statement blaming 'external elements' for employee protests

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Monday retracted its earlier statement blaming "external elements" for recent employee protests against its “work culture” and calls for the resignation of the regulatory body’s chief, Madhabi Puri Buch. READ MORE

 

1:33 PM

Stock Market LIVE Updates: Arkade Developers subscribed 2.93x so far on day 1

Stock Market LIVE Updates: Arkade Developers subscribed 2.93x so far on day 1

1:26 PM

Stock Market LIVE Updates: Dixon rallies 6% as unit signs MOU with Asus for manufacturing notebooks

Stock Market LIVE Updates: Shares of Dixon Technologies (India) surged 6 per cent on the BSE in Monday’s intra-day trade to hit a new high of Rs 13,848.10, after Padget Electronics (Padget) signed a memorandum of understanding with Asus India (Asus) to manufacture information technology products such as notebooks for the company. READ MORE

 

1:14 PM

Stock Market LIVE Updates: Arkade Developers IPO GMP zooms 62% on opening day; should you subscribe?

Stock Market LIVE Updates: The unlisted shares of Arkade Developers are commanding a strong premium in the grey market as their initial public offering (IPO) opens for subscription today.

According to several sources tracking grey market activities, shares of Arkade Developers were trading at a premium of Rs 80, which translates to a GMP of 62.5 per cent  against the upper end of the IPO price of Rs 128, underscoring the company's strong market appeal. READ MORE

 

1:01 PM

Stock Market LIVE Updates: Now, SBI MF launches Nifty 500 Index Fund: should you invest?

SBI Mutual Fund on Monday launched SBI Nifty 500 Index Fund, an open-ended scheme replicating/ tracking Nifty 500 Index, as part of its passive offering. The New Fund Offer (NFO) period for the scheme is September 17 – 24, 2024.

The NFO is an opportunity to invest in a single index, Nifty 500 index, which includes the top 500 stocks by market capitalization covering the large-cap, mid-cap and small-cap segments, the company said in a statement.  Read more
 

12:46 PM

Stock Market LIVE Updates: MCX Gold eyes new high; Silver can zoom to Rs 1,00,000

Gold and Silver prices have picked up momentum in recent trading sessions and are seen quoting at record high levels in the international market on hopes of an imminent interest rate cut by the US Federal Reserve this week.

"Gold continues to trade firm with International spot price moving close to $2600 per ounce, supported by a weaker US dollar and falling bond yields, amid rising expectation of a bigger rate cut by the US Federal Reserve at its policy meeting on Wednesday, said Pranav Mer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd. Read more

12:36 PM

Stock Market LIVE Updates: HG Infra Engg stock surges 5% after subsidiary acquires new solar power cos

Shares of civil construction firm HG Infra Engineering rose as much as 5.12 per cent on BSE at Rs 1644.15 per share on Monday’s intraday trade. This came after the company’s subsidiary HG Green Energy acquired 49 per cent of the total paid-up share capital of UVSE Project group companies in the form of equity Shares on September 13, 2024.  Read more

12:29 PM

Stock Market LIVE Updates: M&M unveils LCV Veero with a starting price of Rs 7.99 lakh

"Mahindra & Mahindra announced the launch of the Mahindra Veero, starting at Rs 7.99 Lakh. Designed to redefine the LCV <3.5 t segment, the Veero offers unparalleled savings with best-in-class mileage, exceptional performance powered by robust multiple engine options, industry-leading safety features, enhanced occupant protection, and a premium cabin experience," the company said in an exchange filing. 

12:05 PM

Stock Market LIVE Updates: LT Foods, KRBL surge up to 10% after government removes MEP on basmati rice

Shares of LT Foods, the company that owns and operates Indian basmati rice brand Daawat, and KRBL, the owner of the flagship India Gate basmati rice brand, rallied by up to 10 per cent on the BSE in Monday’s intra-day trade after the central government lifted the Minimum Export Price (MEP) on basmati rice, on Friday.

The MEP of basmati rice was first imposed last year at $1,200 per tonne, before it was lowered to $950 per tonne. Read more

11:45 AM

Stock Market LIVE Updates: Banks, FIs to invest Rs 32.5 trillion in renewable energy by 2030: Centre

Leading banks and various financial institutions have committed close to $386 billion (Rs 32.45 trillion) investment in development of renewable energy projects by 2030, Union minister of new and renewable energy (MNRE) Pralhad Joshi said on Monday.

He was speaking at the inaugural ceremony of 4th RE-Invest Summit hosted by MNRE and CII. Read more

11:34 AM

Stock Market LIVE Updates: Apollo Micro Systems gains 4% on securing Rs 77 crore order; details

Apollo Micro Systems share soars:Shares of aerospace and defence company Apollo Micro Systems soared as much as 3.77 per cent to hit an intraday high of Rs 111.40 per share on Monday, September 16, 2024.

The uptick in Apollo Micro Systems share price came on the back of multiple order wins worth Rs 77 crore. Read more

11:18 AM

Stock Market LIVE Updates: Nomura gives 'Buy' to Lupin remains 'Neutral' on others

The Indian pharmaceutical giants are taking a halt in filing new drug applications, with new filings lowest in the past 19 years, says a latest report by Japanese brokerage firm, Nomura. 

However, this is not concerning the report says, as the Indian pharmaceutical majors are going for quality over quantity. While the number of ANDA filings in Oct’23-Jun’24 declined to 521 versus 567 in the previous year. Filings classified as complex contributed 20 per cent and 16 per cent respectively in these periods. The industry is thus selective and targeting complex products, the brokerage report said. Read more