Stock Market LIVE Updates: Sensex, Nifty rangebound, Broader markets fall; PSB, IT, FMCG down 1%
Stock Market Today: Indian equity benchmark indices were trading lower after opening in the red on Wednesday, as the momentum gained from China's stimulus measures faded in the background.
 "Stock Market, BSE, Nifty, Capital")
Stock Market Today: The Indian markets were trading muted after a lower opening on Wednesday, as the momentum gained from China's stimulus measures started fading.
Stock Market LIVE Updates, Wednesday, September 25, 2024: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading on a muted note after opening in the red on Wednesday, as the momentum from China's stimulus measures looked to be fading.
At around 2 PM, the BSE Sensex was down 42.29 points, or 0.05 per cent, at 84,956, while the Nifty 50 was at 25,932.10, down 8.30 points, or 0.03 per cent.
On the BSE Sensex, 18 of the 30 stocks were trading in the red at opening bell, with losses led by HCLTech, Asian Paints, Tech Mahindra, Bajaj Finance, and Bajaj Finserv, while the top gainers were Power Grid Corp. (up 2.09 per cent), Tata Steel, JSW Steel, Mahindra & Mahindra, and UltraTech Cement.
On the NSE Nifty 50 index, 32 out of the 50 stocks were in the red, while one was unchanged. Gains were led by Power Grid Corp. (up 4.07 per cent), followed by Mahindra & Mahindra, Hindalco, Tata Steel, and Adani Enterprises, while losses were led by Britannia Industries, LTIMindtree, Asian Paints, Tech Mahindra, and HCLTech.
Across sectors, the Metal index was the top gainer, climbing 1.22 per cent, while the Realty index was the top drag, falling 1.38 per cent.
Financials, FMCG, IT, Pharma and Health were also in the red. In the broader market, the BSE MidCap was down 0.24 per cent, while the BSE SmallCap was pu 0.09 per cent.
On Tuesday, benchmark indices BSE Sensex and Nifty 50 achieved historic intraday highs, surpassing the 85,000 and 26,000 marks for the first time, but retreated before the closing bell.
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day.
Similarly, the broader Nifty 50 reached an intraday high of 26,012 before settling at 25,940 — a new closing record — up 1.35 points, or 0.01 per cent.
Across sectors, the biggest gainer was the Nifty Metal index, having climbed 2.97 per cent at close. Other indices that closed with gains were the IT, Auto, Pharma, and Oil & Gas indices.
Meanwhile, the PSU Bank index was the top sectoral laggard, closing 0.86 per cent, followed by the FMCG index.
Meanwhile, markets in the Asia-Pacific region were largely stable on Wednesday morning, while futures for Hong Kong's Hang Seng Index indicated a potential 4 per cent increase when trading begins, with HSI futures at 19,763 compared to the last close of 19,000.
In Japan, the Nikkei 225 dipped slightly, while the broader Topix gained 0.3 per cent. South Korea's Kospi rose 0.4 per cent, and the small-cap Kosdaq increased by 0.43 per cent.
That apart, a widely followed global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China unveiled stimulus measures to support its economy.
The Dow and S&P 500 eked out record closing highs as mining stocks surged there. Oil prices climbed to a three-week high on the news from China, the world's top crude importer.
People's Bank of China Governor Pan Gongsheng announced plans to lower borrowing costs and inject more funds into the economy, as well as to ease households' mortgage repayment burden. The announcement included a planned 50 basis point cut to banks' reserve requirement ratios.
On Wall Street, the Dow Jones Industrial Average rose 83.57 points, or 0.20 per cent, to 42,208.22, the S&P 500 rose 14.36 points, or 0.25 per cent, to 5,732.93 and the Nasdaq Composite rose 100.25 points, or 0.56 per cent, to 18,074.52.
The S&P 500 briefly moved lower in early trading after data showed US consumer confidence unexpectedly fell in September amid mounting worries over the health of the country's labour market.
Investors are looking for clues on the Federal Reserve's next move after the US central bank began its latest easing cycle last week with a 50 basis point cut in interest rates.
MSCI's gauge of stocks across the globe rose 4.51 points, or 0.54 per cent, to 844.56, and hit a record high. The STOXX 600 index rose 0.65 per cent.
In commodities, US crude rose $1.19 to settle at $71.56 a barrel and Brent rose to $75.17 per barrel, up $1.27 on the day.
Three-month copper on the London Metal Exchange climbed by 2.7 per cent to $9,802 a metric ton by 1615 GMT after hitting its highest since July 15 at $9,825. China is a top metals consumer.
Spot gold rose 1.15 per cent to $2,658.69 an ounce.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.57 per cent to 100.35, with the euro up 0.59 per cent at $1.1178. Against the Japanese yen, the dollar weakened 0.31 per cent to 143.15.
US Treasury yields slipped in choppy trading as US data including the weak confidence numbers nudged up the possibility that the Fed could do another outsized rate cut at the November policy meeting.
US rate futures have priced in a 62 per cent chance of another rate cut of 50 bps at the November meeting, up from 54 per cent on Monday, LSEG data showed.
In afternoon trading, the benchmark 10-year yield was slightly down at 3.733 per cent after earlier hitting a three-week high of 3.81 per cent.
(With inputs from Reuters.)
2:49 PM
The Simplify Wolfe US Equity 150/50 ETF (WUSA) takes a long position in about 250 stocks and a short position in about 150 stocks. These strategies represent two key methods in the stock market. READ MORE![]()
Stock Market LIVE Updates: This new quant ETF uses AI to analyse stock opportunities for gains
Stock Market LIVE Updates: Simplify Asset Management on Tuesday introduced a new exchange-traded fund (ETF) that leverages machine learning to identify long and short investment opportunities by analysing hundreds of fundamental factors.
The Simplify Wolfe US Equity 150/50 ETF (WUSA) takes a long position in about 250 stocks and a short position in about 150 stocks. These strategies represent two key methods in the stock market. READ MORE
2:48 PM
The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE![]()
Stock Market LIVE Updates: PM Modi's IFSC Single Window System launch sends Dev IT shares flying 14%
Stock Market LIVE Updates: Shares of Dev Information Technology climbed as much as 14.43 per cent to a day's high of Rs 146.48 on the NSE on Wednesday. Nearly 14.10 lakh equity shares of Dev Information Technology worth around Rs 20.19 crore exchanged hands on NSE.
The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE
2:33 PM
At 02:22 PM, Cartrade Tech stock price was up 3.85 per cent at Rs 1,012.75 per share on the BSE. By comparison, the BSE’s Sensex was up by 0.04 per cent at 84,944.02 level. Read more![]()
Stock Market LIVE Updates: Cartrade Tech surges 6%, hits 52-week high after Mirae Asset MF buys stake
Cartrade Tech share price today scaled up to 6.02 per cent, hitting its 52-week high at Rs 1,034 a piece on the BSE in intraday deals. The stock of the company soared after Mirae Asset Mutual Fund purchased 3.02 million shares, representing a 6.4 per cent stake in a block deal on Tuesday.
At 02:22 PM, Cartrade Tech stock price was up 3.85 per cent at Rs 1,012.75 per share on the BSE. By comparison, the BSE’s Sensex was up by 0.04 per cent at 84,944.02 level. Read more
2:21 PM![]()
Stock Market LIVE Updates: This smallcap stock has gained 106% in 3 months; up 307% in so far in FY25
PG Electroplast stock price today: Shares of PG Electroplast (PGEL) hit a new high of Rs 675, as they rallied 7 per cent on the BSE in Wednesday’s intra-day trade in otherwise subdued market strong growth outlook. The stock surpassed its previous high of Rs 647.75 touched on September 18, 2024. In comparison, the BSE Sensex trading 0.12 per cent lower at 84,812 at 01:05 pm. Read more
2:16 PM
The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE![]()
Stock Market LIVE Updates: PM Modi's IFSC Single Window System launch sends Dev IT shares flying 14%
Stock Market LIVE Updates: Shares of Dev Information Technology climbed as much as 14.43 per cent to a day's high of Rs 146.48 on the NSE on Wednesday. Nearly 14.10 lakh equity shares of Dev Information Technology worth around Rs 20.19 crore exchanged hands on NSE.
The northward move in the stock price came on the back of the news that Prime Minister Narendra Modi has launched the Single Window IT System (SWIT) developed by Dev Information Technology. READ MORE
2:02 PM
At 2 PM, the BSE Sensex was down 14.68 points, or 0.02 per cent, at 84,899, while the Nifty 50 was at 25,912, down 28.10 points, or 0.11 per cent. ![]()
Stock Market LIVE Updates: 2 PM market update - Benchmarks rangebound, broader markets fall
Stock Market LIVE Updates: Indian equity benchmark indices BSE Sensex and Nifty 50 were trading marginally higher late on Wednesday's trading session.
At 2 PM, the BSE Sensex was down 14.68 points, or 0.02 per cent, at 84,899, while the Nifty 50 was at 25,912, down 28.10 points, or 0.11 per cent.
1:48 PM
At 12:38 PM, Imagicaaworld Entertainment stock price gained 1.18 per cent at Rs 85.13 per share on the NSE. By comparison, the NSE’s Nifty50 was down by 0.21 per cent at 25,886.95 level. READ MORE![]()
Stock Market LIVE Updates: Imagicaaworld Ent stock jumps 4% after co plans expansion in Indore
Stock Market LIVE Updates: Imagicaaworld Entertainment share price today inched up by 3.69 per cent at Rs 87.25 a piece on the BSE in intraday deals. The stock of the company zoomed after the company on Wednesday announced its entry into new geographies, with a new water park located between Indore and Ujjain.
At 12:38 PM, Imagicaaworld Entertainment stock price gained 1.18 per cent at Rs 85.13 per share on the NSE. By comparison, the NSE’s Nifty50 was down by 0.21 per cent at 25,886.95 level. READ MORE
1:35 PM
At around 1:00 PM, shares of Piramal Pharma were up 4.38 per cent at Rs 226.2 per share on BSE. In comparison, the BSE Sensex traded 0.13 per cent lower at 84,806.11 around the same time. READ MORE![]()
Stock Market LIVE Updates: Piramal Pharma soars 9% as co targets 2x revenue, 3x Ebitda margin by FY30
Stock Market LIVE Updates: Piramal Pharma shares were in demand in the morning deals on Wednesday, as the shares gained 8.6 per cent intraday. The stock logged its day's high at Rs 235.35 per share on the BSE. The buying interest in the stock sparked after the pharma company revealed its ambitious revenue goal by the financial year 2030 (FY30).
At around 1:00 PM, shares of Piramal Pharma were up 4.38 per cent at Rs 226.2 per share on BSE. In comparison, the BSE Sensex traded 0.13 per cent lower at 84,806.11 around the same time. READ MORE
1:16 PM
In two days, the stock of the state-owned lender has slipped 7 per cent, after PNB announced the floor price for the qualified institutions placement (QIP) that it launched on September 23. The bank has set a floor price of Rs 109.16 per share. READ MORE![]()
Stock Market LIVE Updates: Why is PNB near its 8-month low after slipping 7% in 2 days? Details here
Stock Market LIVE Updates: Punjab National Bank (PNB) shares hit a nearly eight month low of Rs 103.65, after falling 4 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes.
In two days, the stock of the state-owned lender has slipped 7 per cent, after PNB announced the floor price for the qualified institutions placement (QIP) that it launched on September 23. The bank has set a floor price of Rs 109.16 per share. READ MORE
1:02 PM![]()
Stock Market LIVE Updates: Gold loans to reach Rs 15 trillion by 2027; what's driving this growth?
Stock Market LIVE Updates: India's organized gold loan market is poised to reach a new milestone, with rating agency Icra forecasting it to exceed Rs 10 trillion in the current financial year, and Rs 15 trillion by March 2027. READ MORE
12:52 PM![]()
Stock Market LIVE Updates: Indian equity funds' cash holdings at 5-yr high on caution over valuations
Stock Market LIVE Updates: Indian equity funds' allocation of cash relative to their asset size rose to a 5-year high at the end of August, as fund managers are worried about markets being too rich and other macroeconomic risks around US elections and Chinese growth. READ MORE
12:37 PM![]()
Stock Market LIVE Updates: Gravita gains 4% as Axis Securities initiates coverage with 'Buy'; Details
Stock Market LIVE Updates: Gravita India's stock gained traction on Wednesday, rising 4.18 per cent to an intra-day high of Rs 2,600 on the NSE. The surge was accompanied by robust trading volume, with 2.72 lakh equity shares worth Rs 69.90 crore changing hands. READ MORE
12:22 PM ![]()
Stock Market LIVE Updates: Gillette India stock falls 3% after Bangladesh distributor terminates pact
Stock Market LIVE Updates: Gillette India share price today dipped 3 per cent at Rs 8,501.10 a piece on the BSE in intraday deals. This came after the personal care firm in an exchange filing revealed that one of its distributors Procter & Gamble Bangladesh has terminated distribution agreement with the company, which will be effective December 31, 2024. READ MORE
12:07 PM![]()
Stock Market LIVE Updates: Mazagon Dock up 3% on commencing production for Multipurpose Cargo Vessel
Stock Market LIVE Updates: Shares of shipbuilding company Mazagon Dock Shipbuilders soared a little over 3 per cent to hit an intraday high of Rs 4,349.70 per share on Wednesday, September 25, 2024. The uptick in the share price came after the company announced that it has commenced the production activity for the first Multipurpose Cargo Vessel (MPV) for Navi Merchants, Denmark. READ MORE
11:55 AM![]()
Stock Market LIVE Updates: Easy Trip drops to 52-week low after promoter likely sells 8.5% stake in co
Stock Market LIVE Updates: Easy Trip Planners shares dropped as much as 8 per cent to register a 52-week low of Rs 37.01 per share on the BSE after reports indicated that one of the company's promoters, Nishant Pitti was the likely seller of an 8.5 per cent stake in the company. READ MORE
Topics : MARKET LIVE MARKETS LIVE MARKETS TODAY Markets Sensex Nifty S&P BSE Sensex Nifty 50 NSE Nifty50 benchmark index Gift Nifty BSE NSE BSE NSE equity stock market trading global stock market Indian stock exchanges Indian stock market Indian stock markets US markets US market Asia Markets Asian markets india market
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 25 2024 | 7:41 AM IST
