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

9:34 AM

Stock Market LIVE Updates: Tata Power climbs 1.5% as unit expands rooftop solar coverage in Chattisgarh

Stock Market LIVE Updates: Tata Power Solar Systems (TPSSL), an arm of Tata Power, has expanded its rooftop solar installations in Chhattisgarh by installing them at more than 600 locations in the state. 

 

9:33 AM

Stock Market LIVE Updates: Max Healthcare gains on reports of acquiring 64% stake in Jaypee Healthcare

Stock Market LIVE Updates: The company announced a strategic collaboration with Lakshdeep Group to acquire a 64 per cent stake in Jaypee Healthcare, which is undergoing insolvency resolution. The acquisition involves raising significant short-term loans. 

 

9:31 AM

Stock Market LIVE Updates: Sectoral indices heat map

Stock Market LIVE Updates: Across sectors, the FMCG and IT indices were under pressure, with both losing 0.57 per cent and 0.04 per cent, respectively. 

Meanwhile, the Metal index had gained 1.01 per cent, followed by the PSU Bank index, which was up 0.92 per cent.

9:27 AM

Stock Market LIVE Updates: Broader markets heat map

Stock Market LIVE Updates: The broader markets were trading higher, with the BSE SmallCap gaining 0.48 per cent and the BSE MidCap climbing 0.24 per cent.

9:21 AM

Stock Market LIVE Updates: BSE Sensex Gainer and Losers

Stock Market LIVE Updates: Six out of the 30 stocks on the BSE Sensex were trading in the red, with losses led by HUL, Nestle India, IndusInd Bank, Bajaj Finserv, and ICICI Bank, while gains were led by Tata Steel, NTPC, JSW Steel, Kotak Mahindra Bank, and Asian Paints.

 

9:16 AM

Stock Market LIVE Updates: Opening Bell

Stock Market LIVE Updates: Indian equity benchmark indices, BSE Sensex and Nifty 50, opened in the green on Monday, led by gains in global markets ahead of the Fed's FOMC meeting scheduled for Wednesday this week.

At opening bell, the BSE Sensex was up 48 points, or 0.06 per cent, at 82,939, while the Nifty 50 was at 25,406, up 50 points, or 0.2 per cent.

 

9:10 AM

Stock Market LIVE Updates: Pre-market update

Stock Market LIVE Updates: Indian equity benchmark indices, BSE Sensex and Nifty 50, were trading in the green, led by gains in global markets, even as investors awaited the Federal Reserve's FOMC meeting scheduled for Wednesday, this week.

At pre-open, the BSE Sensex was up 90 points, or 0.11 per cent, at 82,981, while the Nifty 50 was at 25,406, up 50 points, or 0.2 per cent.

8:59 AM

Stock Market LIVE Updates: Tech View - 'A drop beyond 25,150 could signal re-domination of bears'

Stock Market LIVE Updates: Last two days’ upsides were challenged by the Bollinger upper band. With oscillators in short term periodicities continuing to be overbought, it may require a pull back before we get back on to the 25,500-800 trajectory. Dips to 25,255 would be within our expectations, that may be stretched up to 25,200, without needing to abandon upswing possibilities, but a drop beyond 25,150 could signal re domination of bears.

Views By: Anand James, Chief Market Strategist, Geojit Financial Services

 

8:57 AM

Stock Market LIVE Updates: 'The resilience of Indian market despite high valuations has made FIIs into buyers'

Stock Market LIVE Updates: Globally, equity markets will be focused on the Fed rate action on Wednesday which is likely to influence the stock market trend in the near-term. The first rate cut by the Fed in four years is a foregone conclusion, the only uncertainty is about the extent of the rate cut, that is, whether the cut will be 25 bp or 50 bp. The market will also be keenly watching the Fed commentary on the evolving economic outlook.

Nifty, which has rallied 16.7% YTD is one of the best performing stock indices in the world. Even though India’s economic fundamentals and corporate earnings are strong, the single most important factor driving the Indian market now is the sustained domestic liquidity flows into the market. The resilience of the Indian market despite elevated valuations has forced FIIs to turn buyers in the cash market, where they bought on all days last week.

Since the undertone of the market continues to be bullish, it makes sense to remain invested. Among sectors, IT and pharma are showing strength.

Views By: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:53 AM

Stock Market LIVE Updates: Samvardhana Motherson to acquire 11% (fully diluted) stake in REE Automotive

Stock Market LIVE Updates: Samvardhana Motherson International today announced that it will, via its wholly owned subsidiary MSSL Consolidated Inc, acquire up to 36,39,010 Class A Ordinary shares of automotive technology company REE Automotive.

The acquitision will be done at a price of $4.122 per share, translating upto 11 per cent on a fully diluted basis and up to 19 per cent non-diluted basis shareholding in REE Automotive, the company said in an exchange filing.

The company, added that it will also be entering into a supply chain management agreement with REE to accelerate its industrialisation "in a mutually beneficial commercial construct."

8:47 AM

Stock Market LIVE Updates: Revolt Motors expands into Sri Lanka, launches its electric motorcycles there

Stock Market LIVE Updates: Revolt Motors today announced its entry into the Sri Lankan market in partnership with Evolution Auto, a leading player in Sri Lanka’s automotive industry.

Revolt Motors plans to introduce all its models in Sri Lanka. As a part of its long-term strategy, Revolt plans to establish a network of dealerships across Sri Lanka, the company said in an exchange filing. 

By 2029, the company aims to open 90 dealerships nationwide. The first phase of the expansion will see the company open 15 dealerships within the next four months.

8:42 AM

Stock Market LIVE Updates: Claims of ICE vehicle demise self-serving: Bajaj Auto's Rakesh Sharma

Stock Market LIVE Updates: During the last few months, Bajaj Auto has seen a huge increase in its electric scooter sales, thanks to the massive distribution expansion and launch of models below Rs 1 lakh for the first time. 

Rakesh Sharma, executive director, in an email interview with Surajeet Das Gupta, talks about Bajaj’s mega electric vehicle (EV) play. READ MORE

8:38 AM

Stock Market LIVE Updates: Shipbuilders from Japan, Korea keen to invest here: Sarbananda Sonowal

Stock Market LIVE Updates: In what could be a boost for India’s nascent shipbuilding industry, companies from Japan and South Korea have expressed interest in investing in the sector, Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal has said. READ MORE

 

8:32 AM

Stock Market LIVE Updates: Cracking the whip - Banks may face bigger fines for non-compliance

Stock Market LIVE Updates: The government will consider allowing higher fines on banks for not complying with regulatory guidelines amid concerns that the current penalty amounts may not act as effective deterrents for large organisations or repeat offenders.

 

The Centre is open to reviewing the mechanism followed by the regulator by amending the Banking Regulation (BR) Act, 1949, and the Reserve Bank of India Act, 1934, said a senior government official. READ MORE

 

8:23 AM

Stock Market LIVE Updates: China's economy softens in August as Beijing struggles with weak demand

Stock Market LIVE Updates: China's economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.
 

Data published by the National Bureau of Statistics Saturday showed weakening activity across industrial production, retail sales and real estate this month compared to July. READ MORE