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Sensex Today | Stock Market LIVE Updates | Sensex jumps 250 pts, Nifty above 25,000; ICICI Bank, TCS among top contributors
29 Aug 2024 | 10:50:28 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Indian shares started slightly lower on Thursday as profit-taking persisted near record highs across various sectors.
Asian markets opened lower, dragged down by technology stocks. The MSCI Asia ex-Japan index dropped 0.5%.
Eight of the 13 major sectors declined. The IT index lost about 0.4% after gaining 3.2% in the last three sessions. It hit a record high on Tuesday and Wednesday.
Sensex Today | Stock Market LIVE Updates | Weak global cues and the consequent weak openings have proved to be opportunities to buy in the domestic market. This pattern may persist. A significant feature of the near-term market trend is that it is resilient and steadily moving up without sharp spurts thereby preventing a spike in valuations in the largecap category. The recent accumulation of IT stocks stems from the confidence that the soft landing scenario in the US economy will lead to execution of the orders on which the IT companies have been sitting for some time now, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
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Stock Market LIVE Updates | KEC International shares surge 8% on winning new T&D orders worth Rs 1,171 crores in Middle East
Price as on 10.50.27 AM, Click on company names for their live prices.
Stock Market LIVE Updates | TV18 shares rally 7% as CCI approves RIL-Disney merger
On Wednesday, the Competition Commission of India approved the merger of Reliance Industries' and Walt Disney Co's media assets, forming the largest media conglomerate in the country, valued at over Rs 70,000 crore. The deal, which was announced six months ago, had been under scrutiny by the anti-trust regulator. The approval came after the parties involved proposed modifications to the original transaction structure.
In a post on X, the regulator stated it has cleared the "proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited, and Star Television Productions Limited, contingent upon adherence to voluntary modifications."
In a post on X, the regulator stated it has cleared the "proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited, and Star Television Productions Limited, contingent upon adherence to voluntary modifications."
Sensex Today | Stock Market LIVE Updates | Tata Steel shares drop on acquirig shares in subsidary
Tata Steel has acquired 178 crore shares in its subsidiary T Steel Holdings for Rs 2,348 crore.
Price as on 10.32.15 AM, Click on company names for their live prices.
Sensex Today | Paytm shares up 5% on getting govt nod for downstream investment in payments arm
- Paytm shares surged 5% on the BSE to Rs 565 after receiving finance ministry approval to invest in its payment services business.
- Paytm Payments Services Limited (PPSL) will now resubmit its payment aggregator license application.
Price as on 10.27.20 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Vedanta shares gain as board may consider dividend
Metal major Vedanta will consider third interim dividend for the financial year 2024-25 when its board meets on September 2.
Price as on 10.18.21 AM, Click on company names for their live prices.
RIL AGM 2024: Catch all the live updates here
Shares of RIL will be in focus as the company will host its 47th annual general meeting (AGM) today.
Sensex Today | PFC and REC shares gain up to 2% as UBS intiates coverage
The global brokerage firm UBS has begun coverage of the stocks, seeing them as key players in financing high-growth renewable energy and infrastructure capital expenditures.
UBS has assigned a buy rating to both stocks, with a target price of Rs 670 for PFC and Rs 720 for REC.
UBS has assigned a buy rating to both stocks, with a target price of Rs 670 for PFC and Rs 720 for REC.
Price as on 10.12.33 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | PFC shares gain as company to trade ex-dividend tomorrow
Earlier this month, PFC announced an interim dividend of Rs 3.25 per share for its eligible shareholders, fixing August 30 as the record date for the purpose.
Price as on 10.00.59 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | JSW Energy gets letter of award for additional 400 MW Wind-Solar Hybrid Power Project
Price as on 09.43.28 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | PB Fintech shares up over 3% after Rs 1,610 crore block deal
PB Fintech shares surged 3.5% to Rs 1,796.55 on BSE after news of a possible 2.1% stake sale worth Rs 1,610 crore via a block deal, reportedly involving Tencent.
Price as on 09.35.57 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Dixon Technologies plans to partner with China's HKC to make display modules
Price as on 09.23.25 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Buzzing! Sonata Software surges 8% on IT outsourcing deal
Price as on 09.21.25 AM, Click on company names for their live prices.
Sensex Today | IndiGo block trade: 2.3 crore shares (6% equity) worth Rs 11,000 crore change hands
Price as on 09.22.16 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Heatmap: Top Sensex gainers & losers in today's trade
Sensex Today | Opening Bell: Sensex drops marginally, Nifty tests 25K; bank & financials under pressure
Sensex Today | Stock Market LIVE Updates | Block Deal Alert
2.1% equity traded in PB Fintech (pre-market)
Stock Market LIVE Updates | How investors should trade BAJAJ AUTO stock (CMP 10656)
After almost two months of consolidation, this stock has recently resumed its uptrend. Now, immediate targets of 10850 and 11100 are on the cards. RSI is super bullish, and volumes are also good. Support stands at 10450.
(Analyst : Priyanka Limaye, CA , CMT)
(Analyst : Priyanka Limaye, CA , CMT)
Stock Market LIVE Updates | Block Deal Alert
Welspun India's 3.92% equity traded (pre-market)
Stock Market LIVE Updates | Lower public float of 10% allowed for companies listing on IFSC bourses
On Wednesday, India permitted companies listing on an exchange within its GIFT City International Financial Services Centre to maintain a reduced public float of 10%.
Stock Market LIVE Updates | How investors should trade TRENT shares (CMP 7242)
Since the second week of August, this stock has shown significant appreciation. If this momentum continues, three high-probability targets of 7450, 7850, and 8500 can be seen. Technical indicators are aligned positively, and RSI is in the super bullish zone. Support stands at 6750.
(Analyst : Priyanka Limaye, CA , CMT)
(Analyst : Priyanka Limaye, CA , CMT)
Stock Market LIVE Updates | How to trade NBCC stock (CMP: 195.7)
Recently, this stock has broken out of a medium-term consolidation above 177. Now, it needs to close above 198.3 with volume on the daily time frame to test the higher target of 235. Technical indicators are somewhat lagging, but buying volumes can push the stock toward its target. Support stands at 172.
(Analyst : Priyanka Limaye, CA , CMT)
(Analyst : Priyanka Limaye, CA , CMT)
Stock Market LIVE Updates | UBS on Paytm: Neutral | Target price: Rs 490
UBS has kept a neutral stance on Paytm, setting a target price of Rs 490.
The government has approved Paytm's investment in PPSL, and the company is expected to reapply for a payment aggregator license. This addresses one of the major regulatory uncertainties for Paytm and is likely to positively impact sentiment.
The government has approved Paytm's investment in PPSL, and the company is expected to reapply for a payment aggregator license. This addresses one of the major regulatory uncertainties for Paytm and is likely to positively impact sentiment.
Stock Market LIVE Updates | RIL AGM today: How to trade and what to expect from the Ambanis
During Reliance Industries Ltd's (RIL) 47th Annual General Meeting (AGM), the country's largest conglomerate is expected to make several major announcements that could enhance the value of its shares.
Stock Market LIVE Updates | Interglobe Aviation: Rakesh Gangwal offers 2.25 cr shares
Stock Market LIVE Updates: IndiGo block deal size raised to Rs 10,300 cr; Gangwal may sell 5.8% stake: Report
Rakesh Gangwal upsizes IndiGo block to Rs 10,300 crr from Rs 6,750 cr
Price as on 08.28.49 AM, Click on company names for their live prices.
Stock Market LIVE Updates: Sebi proposes overhaul of merchant banker norms
Sebi has proposed major changes to the regulations governing merchant bankers involved in public issues. The new rules include increasing the net worth requirement tenfold to ₹50 crore from ₹5 crore, introducing a minimum liquid net worth requirement, and prohibiting merchant bankers from holding securities in the issuing company.
Stock Market LIVE Updates | Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel
On Wednesday, the benchmark Nifty edged up to a new all-time high of 25,052, while the Sensex increased by over 70 points. Today, shares of RIL, IndiGo, PB Fintech, Vedanta, Tata Steel, and other companies will be closely watched due to recent news developments.
Stock Market LIVE Updates: Popular mid-cap funds struggle to keep pace with runaway benchmark
Mutual fund schemes focused on mid-cap stocks, a popular investment choice recently, have faced challenges in outperforming their benchmarks over the past three years.
Stock Market LIVE Updates: Bernstein initiates coverage on retail and restaurant stocks
Brokerage firm Bernstein has started coverage on seven companies in the retail and restaurant sectors, including Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International, and Sapphire Foods India.
Sensex Today | Stock Market LIVE Updates: Ahead of Market: 10 things that will decide stock action on Thursday
The Nifty50 index closed slightly higher on Wednesday after hitting a fresh record high of 25,129.6 during the session, driven by gains in IT stocks boosted by expectations of a possible rate cut in the United States.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 58.5 points, or 0.23 per cent, at 25,000.50, signaling that Dalal Street was headed for negative start on Thursday.
Sensex Today | Stock Market LIVE Updates: Rupee falls 4 paise to close at 83.97 against US dollar
The rupee weakened by 4 paise to close at 83.97 against the US dollar on Wednesday, driven by strong demand for the greenback from importers, especially oil companies. However, forex traders noted that the downside was cushioned by positive domestic equities, foreign fund inflows, and an overnight drop in crude oil prices.
Sensex Today | Stock Market LIVE Updates: Wall Street ends down; investors brace for Nvidia report
U.S. stocks declined on Wednesday as investors awaited Nvidia's quarterly earnings report, the highlight of the week on Wall Street, which could either disrupt or further propel a rally fueled by enthusiasm for artificial intelligence. Nvidia, the leading supplier of AI chips, saw its shares slip 2.1% ahead of the report, reducing its year-to-date gain to 154%.
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty needs decisive move above 25,100 for uptrend
The Nifty closed 36 points higher, forming a Doji-type candle on the daily chart after touching a new record high, signaling resistance around the 25,100 level.
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
The Nifty50 benchmark equity index reached a new all-time high of 25,129.6 on Wednesday, closing slightly above its previous close, fueled by continued gains in IT stocks.
Meanwhile, the 30-share BSE Sensex rose by 74 points, or 0.09%, to close at 81,785—just 0.4% shy of its own record high of 82,129. The broader NSE Nifty also surged 34 points, or 0.14%, ending the day at a record closing high of 25,052.
Meanwhile, the 30-share BSE Sensex rose by 74 points, or 0.09%, to close at 81,785—just 0.4% shy of its own record high of 82,129. The broader NSE Nifty also surged 34 points, or 0.14%, ending the day at a record closing high of 25,052.
