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Sensex Today | Stock Market LIVE Updates | Closing Bell: Bank, IT stocks push Sensex 1,331 pts higher, Nifty reclaims 24,500
16 Aug 2024 | 04:23:07 PM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Indian shares began Friday on a positive note, driven by gains in information technology stocks. This uplift followed U.S. economic data that eased recession fears in the world's largest economy, contributing to a global market rally.
The market capitalisation of all listed companies on BSE surged by Rs 4.77 lakh crore to Rs 449.06 lakh crore.
All the 13 major sectors logged gains, led by a rise in the IT index.
Sensex Today | Stock Market LIVE Updates | All the 30 Sensex firms were trading higher in early trade. Mahindra & Mahindra, Tata Motors, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Reliance Industries, ICICI Bank, JSW Steel, Infosys and IndusInd Bank were the biggest gainers.
Globally stock markets have turned around smartly from the August 5th sell off triggered by US recession fears and the unwinding of the yen carry trade. Latest data on US inflation and unemployment relief do not indicate an economy tipping into recession, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Show moreGlobally stock markets have turned around smartly from the August 5th sell off triggered by US recession fears and the unwinding of the yen carry trade. Latest data on US inflation and unemployment relief do not indicate an economy tipping into recession, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
1 New Update
JSW Cement files for Rs 4,000 cr IPO; seeks Rs 2.000 cr via news shares
Rupee holds above record low to end flat on day and week
The Indian rupee traded within a narrow range and ended Friday's session almost unchanged, as most Asian currencies recovered from early losses and light dollar sales by foreign banks supported the rupee above its record low. The rupee closed at 83.94 against the U.S. dollar, barely different from its previous close of 83.9475. On a week-on-week basis, the currency also remained nearly flat.
Stock Market LIVE Updates | Sensex Heatmap: 29 of 30 stocks end higher
Closing Bell: Bank, IT stocks push Sensex 1,331 pts higher, Nifty reclaims 24,500
Stock Market LIVE Updates | Awfis Space Solutions Q1 Results; stock rises 2%
Co-working company Awfis Space Solutions Ltd reported a consolidated net profit of Rs 2.78 crore for the first quarter of this fiscal year, thanks to revenue growth. This contrasts with a net loss of Rs 8.30 crore in the same period last year.
Price as on 02.48.36 PM, Click on company names for their live prices.
Stock Market LIVE Updates: Broach Lifecare IPO booked nearly 80 times on Day 3; Solve Plastic's issue subscribed 17x
The initial public offering of Broach Lifecare has been subscribed nearly 80 times by the third day of bidding, fueled by strong demand from retail investors. The retail segment of the offering was oversubscribed by more than 130 times, while the Non-Institutional Investors (NII) category saw 27 times subscription. The IPO allocates 50% of its shares to retail investors, with the remaining 50% reserved for non-retail investors.
Sensex Today | Stock Market LIVE Updates: Nifty IT index rallies; top gainers at this hour
Price as on 02.30.10 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: India VIX cools off over 6%
Stock Market LIVE Updates | Ambuja Cement completes acquisition of Penna Cements
PCIL is now officially a subsidiary of the company.
Price as on 01.50.46 PM, Click on company names for their live prices.
Stock Market LIVE Updates: Vedanta OFS opens at Rs 486
Price as on 01.49.36 PM, Click on company names for their live prices.
Gold futures rise Rs 269 to Rs 70,405/10g
On Friday, gold prices increased by Rs 269 to reach Rs 70,405 per 10 grams in futures trading, as speculators opened new positions in response to strong demand in the spot market. On the Multi Commodity Exchange, gold contracts for October delivery rose by Rs 269, or 0.38 percent, to Rs 70,405 per 10 grams, with a trading volume of 16,875 lots. Analysts attributed the price increase to the fresh positions taken by market participants.
Stock Market LIVE Updates | Suprajit Engineering announces Rs 112 crore share buyback
On Wednesday, Suprajit Engineering revealed a share buyback plan worth Rs 112.5 crore, setting August 27 as the record date and a buyback price of Rs 750, which represents a 39% premium over Wednesday’s closing price.
As a result, the stock surged 10.35% today, reaching a new all-time high of Rs 595 on the NSE.
As a result, the stock surged 10.35% today, reaching a new all-time high of Rs 595 on the NSE.
Sensex Today | Stock Market LIVE Updates | Ambuja Cements approved the acquisition of 100% stake in Penna Cement Industries,
Price as on 01.21.44 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Japan's Nikkei jumps as recession fears ease on US retail sales data
Japan's Nikkei share average surged nearly 3% on Friday, achieving its best week in over four years. The rally was fueled by strong U.S. retail sales data, which alleviated recession fears in the world's largest economy and Japan's major trading partner.
The Nikkei closed up 3.6% at 38,062.67, marking its second-largest daily gain of the year. Meanwhile, the broader Topix index rose approximately 3% to finish at 2,678.60.
The Nikkei closed up 3.6% at 38,062.67, marking its second-largest daily gain of the year. Meanwhile, the broader Topix index rose approximately 3% to finish at 2,678.60.
Sensex Today | Stock Market LIVE Updates | Newly listed company, Ceigall India's share price jumps 6%
Price as on 12.55.14 PM, Click on company names for their live prices.
SENSEX SOARS 1,000 PTS | Tech Mahindra, MCX among top stocks that hit 52-week high today
Sensex Today | Sensex zooms 1,000 points: Cooling US inflation among 6 key factors behind the bull run
Following positive cues from global peers, Nifty and Sensex opened higher on Friday, as U.S. economic data eased recession fears in the world's largest economy. Buying was seen across all the sectors.
The market capitalisation of all listed companies on BSE surged by Rs 4.15 lakh crore to Rs 448.44 lakh crore.
The market capitalisation of all listed companies on BSE surged by Rs 4.15 lakh crore to Rs 448.44 lakh crore.
Stock Market LIVE Updates | SENSEX SOARS 1,000 PTS
Stock Market LIVE Updates: Sector Watch: Nifty IT top sectoral gainer at this hour
Bank, auto, and realty stocks also trade higher
Sensex Today | Stock Market LIVE Updates | Starlineps Enterprises decides to invest 2.69 million rupees in Writeplus AI; stock surges 10%
Price as on 11.55.00 AM, Click on company names for their live prices.
Oil prices set to end week higher on US demand optimism
Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday. Recent U.S. economic data has increased optimism about demand from the world's largest oil consumer.
Brent crude futures were poised for a 1.3% weekly gain, while U.S. West Texas Intermediate crude futures had risen about 1.2%. On Friday, Brent crude fell 30 cents, or 0.4%, to $80.74 per barrel by 0528 GMT, and WTI dropped 40 cents, or 0.5%, to $77.76 per barrel.
Brent crude futures were poised for a 1.3% weekly gain, while U.S. West Texas Intermediate crude futures had risen about 1.2%. On Friday, Brent crude fell 30 cents, or 0.4%, to $80.74 per barrel by 0528 GMT, and WTI dropped 40 cents, or 0.5%, to $77.76 per barrel.
Stock Market LIVE Updates | Paras Defence share price jumps 5% on winning order
The company received an order from Larsen and Toubro Limited valued at approximately Rs. 305 crores.
Price as on 11.29.41 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Interarch Building Products IPO to open on Monday: Check GMP and other details
The initial public offering (IPO) for Interarch Building Products is set to open for subscription on August 19 and will close on August 21. The company aims to raise approximately Rs 600 crore through this public offer.
Sensex Today | Stock Market LIVE Updates | Hindustan Aeronautics share price rises post Q1 show
The company on Wednesday reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024, marking a 77% increase from Rs 814 crore reported in the same quarter last year.
Price as on 11.32.12 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | M&M share price jumps 2% on new car launch
The company on Thursday launched its new 5-door SUV Thar ROXX.
Price as on 11.07.32 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | SBI share price trades flat, PNB drops 1%
The Karnataka government has decided to suspend banking operations with SBI and PNB due to concerns about potential misuse of government funds and illegal transactions.
Price as on 10.46.08 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Ola Electric share price surges over 12%
The company on Wednesday reported a consolidated net loss of Rs 347 crore for the quarter ended June 30, 2024, which was up from Rs 267 crore a year ago.
Price as on 10.44.06 AM, Click on company names for their live prices.
Stock Market LIVE Updates: Buzzing Stocks
Suzlon shares were under pressure on Friday, down 2%, while BEL shares were trading over 1% higher, and IRCTC shares were marginally higher. YES Bank shares were trading flat in early session.
Price as on 10.17.58 AM, Click on company names for their live prices.
Stock Market LIVE Updates: Q1 Results Impact
Price as on 09.59.14 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty IT index rises 2%; here are the top gainers
Mphasis shares, LTTS shares among top winners.
Price as on 10.03.03 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Saraswati Saree Depot IPO share allotment today: Check status, GMP, listing date and other details
The share allocation for the Saraswati Saree Depot IPO is expected to be finalized tomorrow. Shares will be distributed via a lottery system, overseen by the registrar. On the allotment date, investors will learn how many shares they have been awarded compared to the number they bid for.
Sensex Today | Stock Market LIVE Updates | SpiceJet share price rises 2% post earnings
Budget carrier SpiceJet Ltd reported 20% decline in its consolidated net profit at Rs 158 crore in the first quarter ended June 2024.
Price as on 11.35.26 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Hindustan Zinc share price fall 8% as Vedanta OFS opens at discounted price
Hindustan Zinc (HZL) shares dropped 7.8% to a low of Rs 528 on the BSE, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. Vedanta, the promoter of HZL, is selling up to 3.31% of its stake, or 14 crore shares, from August 16-19.
Price as on 10.36.07 AM, Click on company names for their live prices.
Sensex Today | SENSEX SOARS 800 PTS: ICICI, HDFC Bank lead contributors
Forex News | Rupee flat in early trade
Rupee turns flat at 83.94 against US dollar
Sensex Today | Stock Market LIVE Updates | RVNL, Tata Steel among top movers in morning trade
Price as on 09.23.14 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Sensex Heatmap
- Most of the top Sensex stocks trade in green
- HUl, Power Grid drop
Sensex Today | Stock Market LIVE Updates | Opening Bell
Sensex soars over 600 points, Nifty above 24,300; M&M, TechM rise 2% each
Stock Market LIVE Updates: Money-making ideas! Strong stocks likely to return up to 50%
Among the approximately 400 stocks monitored by at least five analysts, around 54 are projected to yield returns ranging from 20% to 50% over the next 12 months, according to consensus estimates.
Stock Market LIVE Updates: Sensex rises over 600 points, Nifty above 24,300 in pre-open session
Globally stock markets have turned around smartly from the August 5th sell off triggered by US recession fears and the unwinding of the yen carry trade. Latest data on US inflation and unemployment relief do not indicate an economy tipping into recession. On the other hand, the 2.9% annual inflation number and slightly softening labour markets set the stage for a Fed rate cut in September, which the market is pencilling in now. The sharp dip in CBOE VIX to around 15% indicates that the fears were overdone and stability is the near-term trend.In India we have the paradox of exuberant retail investors and cautious institutional investors. The former is not much concerned about the elevated valuations of the market while the latter are increasing their cash component on valuation concerns. Investors should give priority to valuations in their fresh investment. The broader market doesn’t have valuation comfort.
- Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Stock Market LIVE Updates: More hedge funds buy Bitcoin ETFs on institutional demand
Hedge funds, pension funds, and banks have continued to pour capital into exchange-traded funds (ETFs) that invest directly in Bitcoin. This trend reflects a growing acceptance of the asset class among traditional investors, a shift that was partly facilitated by US regulators as Bitcoin gained mainstream traction earlier this year
Stock Market LIVE Updates | Stocks in news: Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma
Domestic markets were subdued and ended flat on Wednesday, taking a breather after Tuesday's drop. Today, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma, and others will attract attention due to recent news and first-quarter results.
Stock Market LIVE Updates: Focus on large deals, AI crucial for Sonata amid short term hiccups
Sonata Software, a mid-tier IT firm, has seen its stock decline by 18% in August, following a lackluster performance in the June quarter due to delays in securing major deals. Although the company may face difficulties in the current quarter, Sonata anticipates improved results in the latter half of the fiscal year, supported by a robust order book.
Stock Market LIVE Updates: Sentiment sours on growth, turns to FMCG for a bounce
Recently, smart money has been moving into fast-moving consumer goods (FMCG) and consumption-related stocks. This shift comes as global macroeconomic uncertainties—such as weak US economic data, a falling Yen, and increasing geopolitical tensions—have lessened the appeal of growth and momentum stocks.
Stock Market LIVE Updates: GIFT Nifty jumps over 150 points; here's the trading setup for today's session
Equity markets moved within a narrow range on Wednesday, ending the day with a slight increase. Analysts predict that the market will likely continue consolidating in the near term, responding to global influences.
Stock Market LIVE Updates | Dollar firm after US data quells recession fears
The dollar hovered near a two-week high against the yen following its largest one-day gain against major currencies in four weeks, driven by robust U.S. economic data that significantly reduced recession fears.
The greenback's strength was particularly pronounced against the Japanese yen, supported by a rise in Treasury yields as traders scaled back expectations that the Federal Reserve would need to implement aggressive rate cuts next month.
The greenback's strength was particularly pronounced against the Japanese yen, supported by a rise in Treasury yields as traders scaled back expectations that the Federal Reserve would need to implement aggressive rate cuts next month.
Sensex Today | Stock Market LIVE Updates | Global Markets
- S&P 500 futures were little changed as of 9:09 a.m. Tokyo time
- Hang Seng futures rose 1.1%
- Japan’s Topix rose 2.2%
- Australia’s S&P/ASX 200 rose 0.8%
- Euro Stoxx 50 futures rose 1.9%
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0974
- The Japanese yen was little changed at 149.16 per dollar
- The offshore yuan was little changed at 7.1812 per dollar
- The Australian dollar was little changed at $0.6613
Stock Market LIVE Updates | Japanese stocks head for best week in 4 years as receding growth fears lift markets
On Friday, Asian shares were on track for a weekly gain, with Japan's Nikkei set for its best week in over four years. This positive momentum was driven by improved risk sentiment from Wall Street. Meanwhile, the dollar and U.S. Treasury yields remained relatively stable.
The turbulence seen in the markets last week gave way to calmer conditions this week, as a series of positive U.S. economic reports eased recession concerns and countered expectations for sharp U.S. rate cuts.
The turbulence seen in the markets last week gave way to calmer conditions this week, as a series of positive U.S. economic reports eased recession concerns and countered expectations for sharp U.S. rate cuts.
Stock Market LIVE Updates | Oil prices set for weekly gains on renewed enthusiasm around US economy
Oil prices dipped slightly during early Asian trading on Friday. However, market benchmarks are poised for a second straight weekly gain, thanks to positive U.S. economic data that has alleviated concerns about a possible recession in the leading oil-consuming country.
Brent crude futures decreased by 16 cents, or 0.2%, to $80.88 per barrel at 0024 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $77.93 a barrel.
Brent crude futures decreased by 16 cents, or 0.2%, to $80.88 per barrel at 0024 GMT. U.S. West Texas Intermediate crude futures fell 23 cents, or 0.3%, to $77.93 a barrel.
