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Sensex Today | Stock Market LIVE Updates: Sensex rises over 400 points, Nifty above 25,000 in pre-open session
12 Sep 2024 | 09:12:44 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | Domestic equity indices closed lower on Wednesday as investors took profits from various sectors, in anticipation of crucial U.S. inflation data that might impact the magnitude of a potential Federal Reserve interest rate cut next week.
Sensex Today | Stock Market LIVE Updates | On the daily chart, the Nifty is taking support from a rising trend line and has formed a bearish candle. The Nifty has strong support near the 24,800 level. If it breaks this level, it could potentially correct down to 24,600 and 24,400 in the short term. On the flip side, 25,200 acts as a resistance level, and the price may remain sideways within a wide range of 24,800 to 25,200, said Mandar Bhojane of Choice Broking.
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Sensex Today | Stock Market LIVE Updates: BEML, GRSE among 76 stocks to trade ex-dividend tomorrow. Do you own any?
State-owned BEML and Garden Reach Shipbuilders (GRSE), along with 74 other companies, are expected to be in the spotlight today. These companies have designated September 13 as the record date for determining which shareholders are eligible for dividend payments.
Sensex Today | Stock Market LIVE Updates: Sensex rises over 400 points, Nifty above 25,000 in pre-open session
Sensex Today | At multi-year highs: These 5 stocks witnessed 5-year swing high breakouts
Within the Nifty500 index, we have compiled a list of five stocks that reached a 5-year swing high at the close on September 11, indicating a bullish trend in these counters.
Sensex Today | Brokerage Radar: UBS on Zomato
Maintain Buy with target price of Rs 320
Industry volumes grew c2.5% MoM in Aug'24, adjusted for number of days
Zomato vs Swiggy: push and pull continued into Q2FY25
Estimate Zomato's Q2FY25 GMV growth at 7% QoQ
Industry volumes grew c2.5% MoM in Aug'24, adjusted for number of days
Zomato vs Swiggy: push and pull continued into Q2FY25
Estimate Zomato's Q2FY25 GMV growth at 7% QoQ
Latest US inflation numbers are mildly positive for markets. August CPI inflation coming at 0.2% has brought down the 12-month inflation to 2.5% from 2.9% earlier. This paves the way for a rate cut by the Fed in September. But since core inflation continues to remain high at 3.2% the Fed is likely to be cautious and refrain from a 50bp rate cut, finally settling for a 25bp rate cut. CPI inflation in India also is expected to be low at around 3.5% in August. This can facilitate a rate cut by the MPC in 2024 itself. In brief, the benign inflation conditions and prospects for rate cuts are positives for stock markets. FIIs turning buyers in the cash market during the last three days is another indication that the market will continue to be resilient. The record Rs 3.23 lakh crore application money from 89 lakh investors for Bajaj Housing Finance IPO is a reflection of the humongous liquidity chasing stocks in the Indian market now. The bullish undercurrent of the market will continue.
- Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Sensex Today | Stock Market LIVE Updates: ET Now sources say Honasa Consumer Block Deal likely today
Sensex Today | F&O Ban List: Aarti Industries, Bandhan Bank among 7 stocks under trade ban on Thursday
On Thursday, seven stocks are subject to a trade ban in the Futures & Options (F&O) segment. These stocks include Aarti Industries, Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Hindustan Copper, and RBL Bank.
PNB Housing block deal: 0.6% equity traded in pre-market block deal
Stock Market LIVE Updates | Tolin Tyres share allotment expected today: Check status, GMP, listing date and other details
The share allotment for the Tolin Tyres IPO is expected to be finalized today. Shares will be allocated through a lottery system, with the entire process overseen by the registrar.
Stock Market LIVE Updates | Kross IPO share allotment soon: Check status, GMP, listing date & other details
The share allotment of Kross IPO is likely to be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Stock Market LIVE Updates | Sodhani Academy IPO: Check issue size, price band, GMP and other details
The SME IPO of Sodhani Academy is set to open for subscription today and will close on September 17. The company seeks to raise approximately ₹6.12 crore through this offering and plans to list the shares on the BSE SME platform.
Sensex Today | Stock Market LIVE Updates: Shree Tirupati Balajee Agro Trading shares to list on Thursday. Here's what GMP indicates
Shree Tirupati Balajee Agro Trading's shares are set to make their debut on the stock exchanges this Thursday. Prior to the listing, the company's shares are being traded in the grey market with a Grey Market Premium (GMP) of ₹25.
Sensex Today | Bajaj Housing Finance share allotment likely today: Check status, GMP, listing date and other details
The share allotment for the Bajaj Housing Finance IPO is expected to be finalized today. Shares will be allocated through a lottery system, and the registrar will oversee the entire process. On the allotment date, investors will learn how many shares they have been allocated in relation to their bids.
Sensex Today | Stock Market LIVE Updates: Fed expected to deliver quarter-percentage-point rate cut next week
US central bankers are expected to begin anticipated interest rate cuts next week, initiating a reduction of a quarter percentage point. This move aims to lower the risk of a recession, while persistent underlying price pressures deter them from taking more aggressive measures.
Sensex Today | Stock Market LIVE Updates: 18 mutual fund NFOs garner Rs 13,815 crore in August
In August, approximately 18 new funds were introduced, collectively raising over ₹13,815 crore, according to the monthly data published by AMFI.
Sensex Today | Stock Market LIVE Updates: Bajaj Housing Finance finds place in history books after getting bids worth Rs 3.2 lk cr
On Wednesday, Bajaj Housing Finance’s ₹6,560 crore initial public offering (IPO) achieved several milestones, with the issue being oversubscribed 64 times on the final day of bidding. This underscores the vitality of India's thriving primary markets.
Sensex Today | Stock Market LIVE Updates: Protesting Sebi employees yet to reach accord with management
A week after the markets regulator Sebi issued a statement suggesting that previous staff complaints may have been influenced by unidentified 'external' elements, dissenting employees and Sebi’s head, Madhabi Puri Buch, still seem far from reaching an agreement.
Sensex Today | Stock Market LIVE Updates: Vedanta raises $900 million via bonds at 10.875%
On Wednesday, Vedanta Resources issued $900 million in five-year bonds through a subsidiary, with an interest rate of 10.875%. The funds raised will be used to refinance existing debt at the holding company of the metals and resources conglomerate.
Stock Market LIVE Updates | Bajaj Housing Finance share allotment likely today: Check status, GMP, listing date and other details
The share allotment for the Bajaj Housing Finance IPO is expected to be finalized today. Shares will be distributed through a lottery system, and the entire process is overseen by the registrar. On the allotment date, investors will learn how many shares have been allocated to them in relation to their bids.
Sensex Today | Stock Market LIVE Updates: Paint, tyre, oil marketing and aviation companies cheer fall in crude oil prices
A decline in oil prices is generally advantageous for India, a major crude importer. Over the past five days, Brent crude futures have fallen by 3.9%, and in the last month, they have decreased by 13.7%, dropping below $70 a barrel for the first time in three years. This decrease is attributed to concerns about economic slowdowns in the US and China.
Stock Market LIVE Updates | Stocks in news: Tata Steel, Arvind Fashions, Route Mobile, Adani Ports, NBCC
Shares of Tata Steel, Arvind Fashions, Route Mobile, Adani Ports, and NBCC will be in focus due to various news developments including investments, collaborations, and project approvals.
Stock Market LIVE Updates | Key global events to track today
- Japan PPI
- ECB rate decision
- US initial jobless claims, PPI
Stock Market LIVE Updates | D-Street Recap
Domestic equity indices closed lower on Wednesday as investors took profits from various sectors, in anticipation of crucial U.S. inflation data that might impact the magnitude of a potential Federal Reserve interest rate cut next week.
The Nifty 50 index fell 0.49% to 24,918, while the S&P BSE Sensex lost 0.49% to 81,523.
The Nifty 50 index fell 0.49% to 24,918, while the S&P BSE Sensex lost 0.49% to 81,523.
Stock Market LIVE Updates | Asian stocks rise as traders look to Fed rate cut: Markets wrap
Asian stocks gained on Thursday, buoyed by a tech-driven rally on Wall Street, as investors looked past high core U.S. inflation in favor of anticipated rate cuts next week.
Markets in Japan and South Korea saw gains, with the Topix index rising the most it has in nearly a month. In Tokyo, the market's performance was partly influenced by the yen's reversal from its strongest level against the dollar since December.
Markets in Japan and South Korea saw gains, with the Topix index rising the most it has in nearly a month. In Tokyo, the market's performance was partly influenced by the yen's reversal from its strongest level against the dollar since December.
Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.1010
- The Japanese yen fell 0.3% to 142.79 per dollar
- The offshore yuan was little changed at 7.1282 per dollar
Stock Market LIVE Updates | Global Markets Check
- S&P 500 futures were little changed as of 9:06 a.m. Tokyo time
- Japan’s Topix rose 2.3%
- Australia’s S&P/ASX 200 rose 0.2%
- Euro Stoxx 50 futures rose 0.2%
