Stock Market LIVE: Sensex up 590pts, Nifty around 25,000; broader markets, all sectors gain
Stock Market LIVE on Monday, August 26: The Indian benchmark indices were trading on a strong note following dovish comments about an interest rate cut cycle from US Fed chair Jerome Powell on Friday.
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Image: Bloomberg
Stock Market LIVE Updates: Indian benchmark indices S&P Sensex and Nifty 50 were climbing on Monday, after US Federal Reserve Chairman Jerome Powell's speech indicated that an interest rate cut cycle by the US central bank was not too far away.
The S&P Sensex was at 81,614, up 527 points, or 0.65 per cent, while the Nifty 50 was at 24,975 levels, up 0.61 per cent.
That apart, Asian shares crept cautiously higher, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 per cent, after rising 1.1 per cent last week, while South Korea's Kospi rose 0.3 per cent.
Japan's Nikkei eased 0.7 per cent as a stronger yen pressured exporter stocks.
Australia's S&P/ASX 200 was up by 0.61 per cent. Hong Kong’s Hang Seng index was up by 0.89 per cent at 17,768 levels.
After Jerome Powell's dovis comments on Friday, the US markets had closed sharply higher.
The Dow Jones Industrial Average had risen 1.14 per cent, to 41,175.08, the S&P 500 had gained 1.15 per cent, to 5,634.61 and the Nasdaq Composite had added 1.47 per cent, to 17,877.79.
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Stock Market LIVE Updates: Ashoka Buildcon up 5%
Stock Market LIVE Updates: Ashoka Buildcon rallies 5 per cent on emerging as lowest bidder for project of Rs 478 cr.
10:42 AM
Stock Market LIVE Updates: Nifty50 trading above 25,000-mark
Stock Market LIVE Updates: Nifty50 rallies 188 points or 0.76 per cent to 25,010.85 levels.
10:40 AM
Stock Market LIVE Updates: Sensex rallies 600 pts
Stock Market LIVE Updates: Sensex jumps 644 points or 0.79 per cent to 81.729.99 levels.
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Stock Market LIVE Updates: Zydus Life shares sink as analysts wary of 'premium' Sterling Biotech buy
Shares of Zydus Lifesciences plummeted 5.90 per cent at Rs 1,109 per share on the BSE in Monday’s intraday deals. This comes after the company via its wholly owned subsidiary formed a strategic partnership with Perfect Day Inc, a Temasek portfolio company. As part of the deal, Perfect Day will sell its 50 percent stake in Sterling Biotech (SBL) to Zydus. READ MORE
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Listing: Interarch Building Products stock lists at 43.5% premium over issue price on BSE
New Listing: Interarch Building Products stock lists at 43.5 per cent premium over issue price on BSE at Rs 1,291.20 per share.
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Stock Market LIVE Updates: NIIT zooms 29% in 2 days after Ramesh Damani, Promoters buy stake
Stock Market LIVE Updates: NIIT share price today rallied 20 per cent to Rs 153.84 on the National Stock Exchange (NSE) amid heavy volumes. The rally came after investor Ramesh Damani bought 0.59 per cent stake in the company for Rs 10.02 crore via open market. In the past two trading days, the share price of the education company has zoomed 29 per cent from a level of Rs 119.08 seen on Thursday, August 22. READ MORE
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Stock Market LIVE Updates: Cyient stock rallies up to 4% on incorporating wholly owned subsidiary
Stock Market LIVE Updates: Shares of IT major Cyient rallied up to 3.76 per cent to hit an intraday high of Rs 2,031.40 per share on Monday, August 26, 2024. The rise in the Cyient share price came after the company announced that it has incorporated Cyient Semiconductors Private Limited as a wholly owned subsidiary of the company. READ MORE
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Stock Market LIVE Updates: Mini Diamonds ties up with Parasmani to expand into Canada market
Stock Market LIVE Updates: Mini Diamonds India today announced that it has entered into a strategic business arrangement with Parasamani Inc., a jewellery company based in Toronto, to expand into the Canada market.
Parasamani is a well-established enterprise in the Canadian wholesale jewellery market, with over a decade of experience and an extensive network of connections.
Through this collaboration, Parasamani will market and promote MDIL’s lab-grown diamond jewellery across Canada, utilising its strong relationships with retailers, wholesalers, and distributors to significantly boost MDIL’s sales in the region, the company said in an exchange filing.
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Stock Market LIVE Updates: BHEL bags Rs 11,000-crore order from Adani Power for 3 thermal power projects
Stock Market LIVE Updates: Bharat Heavy Electricals Limited (BHEL) today announced that it has signed a contract agreement worth more than Rs 11,000 crore (excluding GST), with Adani Power and its subsidiary (Mahan Energen Ltd.) for setting up three supercritical thermal power projects (each of 2x800 MW rating) in Kawai, Rajasthan and Mahan, Madhya Pradesh.
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Stock Market LIVE Update: Sprayking imports new machines to expand into casting production market; shares down
Stock Market LIVE Updates: Sprayking today announced the successful import of machineries valued at Rs 3.85 million from China. This enables the company to diversify into the production of casting products, further solidifying its position as a leader in the manufacturing sector. These Machineries will be received in 60 days, the company said in an exchange filing.
With this expansion, Sprayking is poised to enter the highly competitive casting production market.
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Stock Market LIVE Updates: Ashoka Buildcon up 2.5% after co. emerges as lowest bidder for Rs 478 crore project
Stock Market LIVE Updates: The company has emerged as the lowest bidder for an MMRDA project worth ₹478 crore.
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Stock Market LIVE Updates: NIIT shares locked in 20% upper circuit after Ramesh Damani acquires stake in co.
Stock Market LIVE Updates: Ramesh Shrichand Damani acquired a 0.59% stake in NIIT at Rs 127.55 per share.
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Stock Market LIVE Updates: ONGC up more than 2% after firm starts production from fifth well in Krishna basin
Stock Market LIVE Updates: Oil and Natural Gas Corporation opened its fifth well on its deep-sea project in the Krishna Godavari basin, augmenting production of crude oil and natural gas.
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Stock Market LIVE Updates: Transport Corp. of India down more than 5% after company announces share buyback
Stock Market LIVE Updates: The company's board has approved the buyback of up to 13.33 lakh shares at ₹1,200 apiece, a 4.5% premium to Friday’s closing price. Record date for buyback has been set for September 4, 2024.
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Stock Market LIVE Updates: Hinduja Global shares gain 4% after Legend Global fund buys 1.5% stake in company
Stock Market LIVE Updates: Legends Global Opportunities (Singapore) Pte. Ltd. bought a 1.53% stake in Hinduja Global Solutions Ltd., while New Leaina Investments Limited sold a 0.78% stake.
Topics : MARKET LIVE MARKETS TODAY S&P BSE Sensex Nifty50 Gift Nifty BSE NSE equity IPO Calendar IPO GMP stock market trading
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First Published: Aug 26 2024 | 8:01 AM IST
