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Stock Market LIVE Updates: Sensex up 200pts, Nifty near 25,300; Financials, FMCG, IT up, Pharma down

Stock Market LIVE Updates: Benchmark indices BSE Sensex and Nifty 50 were trading higher after opening at record highs on Monday.

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Stock Market LIVE Updates, Monday, September 2, 2024: Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Monday, after both the benchmark indices opened at record highs. 

At 2:00 PM, the BSE Sensex was at 82,482.53, up by 0.14 per cent, while the Nifty 50 was at 25,254.70, ahead by 0.07 per cent. 
 
Elsewhere, share markets were subdued in Asia on Monday as investors braced for a data-packed week culminating in a US jobs report that could decide whether a rate cut expected this month will be regular or super-sized.

A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty.

EUROSTOXX 50 futures were flat, while FTSE futures added 0.3 per cent.

Asian markets struggled to follow Friday's rally on Wall Street with Japan's Nikkei erasing early gains to stand almost unchanged, having jumped 8.7 per cent last week. 

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.4 per cent, while South Korean stocks edged up 0.3 per cent.

Chinese blue chips lost 1.2 per cent, led by losses in real estate after a survey showed home prices growth had slowed. 

Oil prices lost more ground as the market pondered the prospect of increased supply from OPEC+ in October. 

Brent fell 59 cents to $76.34 a barrel, while US crude lost 51 cents to $73.04 per barrel.

2:50 PM

Stock Market LIVE Updates: Gujarat State Petronet rebounds 13% on heavy volumes; zooms 47% in 11 days

Gujarat State Petronet (GSPL) share price today moved higher by 6 per cent to hit a new high of Rs 469.60 per share on the BSE on Monday. GSPL share price bounced back 13 per cent from its intraday low of Rs 415.85 (down 6 per cent intraday) amid heavy volumes. READ MORE
 
2:40 PM

Stock Market LIVE Updates: Bajaj Finance, Bajaj Finserv lead gains on the Nifty50

Stock Market LIVE Updates: The gain on the NSE Nifty50 is led by Bajaj Finance, Bajaj Finserv, HCL Tech, Bajaj Auto, and Hero MotoCorp, while Hindalco, Dr Reddy's Labs, Tata Motors, Bharti Airtel, and ONGC are dragging the index.

 
2:25 PM

Stock Market LIVE Updates: Shivalik Bimetal Board to meet on Sep 26, to mull dividend payment

Stock Market LIVE Updates: Shivalik Bimetal Controls, in an exchnage filing has informed the bourses that the company's board will meet on September 26, 2024, to confirm the payment of interim dividend, and to declare final dividend on equity shares for the financial year ended March 31, 2024.
2:10 PM

Stock Market LIVE Updates: The Anup Engg stock rises 4%, hits 52-week high on pact with Graham Corp

The Anup Engineering shares hit their 52-week high at Rs 2,289.15 per share, soaring 3.91 per cent in intraday deals. The stock price of Anup Engineering jumped after the company entered into a strategic manufacturing and supply agreement with Graham Corporation, a US based critical equipment firm. READ MORE
 
2:03 PM

Stock Market LIVE Updates: Sensex, Nifty trade marginally higher

Stock Market LIVE Updates: Having pared the gains from their all-time high openings on Monday, Indian benchmark indices BSE Sensex and Nifty 50 were trading marginally higher.

At 2:00 PM, the BSE Sensex was at 82,482.53, up by 0.14 per cent, while the Nifty 50 was at 25,254.70, ahead by 0.07 per cent. 
 
1:59 PM

Stock Market LIVE Updates: Nomura lowers its FY25 economic growth forecast for India to 6.7%

Stock Market LIVE Updates: Nomura lowered its FY25 economic growth forecast for India to 6.7 per cent year-on-year from 6.9 per cent after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. READ MORE
 
 
1:52 PM

Stock Market LIVE Updates: Sebi chief Buch says market regulator has reorganised itself to drive inclusivity

Stock Market LIVE Updates: Talking about the agenda of financial inclusion, Sebi chief Buch, said the markets regulator aims to move towards a paradigm where corporate filings and other documents become available in different languages and formats.
1:46 PM

Stock Market LIVE Updates: Sebi chief Buch emphasises consultation between regulators and market participants

Stock Market LIVE Updates: Sebi chief Buch, speaking at the CII Summit on ‘Financing 3.0’,  emphasized the role of consultations between regulators and market participants to come up with robust regulations.
1:44 PM

Stock Market LIVE Updates: Sebi chief Buch says tech and market complexity to drive markets

Stock Market LIVE Updates: Sebi chief Buch highlighted how market participants are leveraging tech to serve various needs, while various asset classes are catering to the investment needs of varied investors. 
1:41 PM

Stock Market LIVE Updates: Sebi Chief Madhabi Puri Buch says MF industry close to launching Rs 250 SIP

Stock Market LIVE Updates: Sebi chief Buch said a Rs 250 SIP is going to be important from an inclusion point of view.  
1:31 PM

Stock Market LIVE Updates: How to trade newly crowned Navratnas: RailTel, SJVN, NHPC

Stock Market LIVE Updates: Shares of SJVN, RailTel and NHPC rallied up to 5 per cent in intra-day deals on Monday, after the Indian government granted the four Central Public Sector Enterprises (CPSEs), including Solar Energy Corporation of India to 'Navratna' status. 

The Navratna status empowers companies with faster decision-making in areas such as capital expenditure, investments in joint ventures, subsidiaries and increased efficiency; thus giving these select CPSEs comparative advantages to help them become global giants. READ MORE
 
1:13 PM

Stock Market LIVE Updates: HCL Tech's market cap nears Rs 5 trillion; stock zooms 46% from June low

Stock Market LIVE Updates: Shares of HCL Technologies hit a new high of Rs 1,805, surging 3 per cent on the BSE in Monday’s intra-day trade on healthy business outlook.

In the past six trading days, HCL Tech's stock has rallied nearly 9 per cent after the company extended its agreement with Xerox "to drive innovation with AI and digital engineering". READ MORE
 
1:00 PM

Stock Market LIVE Updates: Sales of electric vehicles in August decline 13% to 156,199 units

Stock Market LIVE Updates: Sales of electric vehicles (EVs) fell by 13 per cent to 156,199 units in August. But despite this decline, August sales still represented the third-highest monthly total this year, following March and July, which saw 213,000 and 178,900 vehicles sold, respectively, according to Vahan data from the Ministry of Road Transport and Highways. READ MORE

12:53 PM

Stock Market LIVE Updates: Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Stock Market LIVE Updates: Maruti Suzuki India (MSI) has reduced the prices of select variants of its Alto K10 and S-Presso models, the company said in an exchange filing on Monday. "Maruti Suzuki has reduced the prices of certain variants of the Alto K10 and S-Presso, effective from today, 2nd September 2024," the filing said. READ MORE
 
12:47 PM

Stock Market LIVE Updates: Bazaar Style IPO: Subscription soars on Day 2, GMP up 20%; should you bid?

Stock Market LIVE Updates: The initial public offering (IPO) of Bazaar Style Retail continues to receive strong demand from investors on the second day of subscription. The IPO, which opened for public subscription on Friday, August 30, 2024, has received bids for 3,37,66,192 shares against the 1,50,30,116 shares offered via the public issue. READ MORE

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First Published: Sep 02 2024 | 7:32 AM IST

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