Stock Market LIVE Updates: Sensex down 700pts, at 81,750, Nifty down 250pts, at 25,050; FMCG drags
Share Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading lower after a slow start on Friday.
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Stock market today: Foreign Institutional Investors (FIIs) net sold shares worth Rs 15,243.27 crore, while Domestic Institutional Investors (DIIs) net bought shares worth Rs 12,913.96 crore on Thursday, October 3. (Photo: Reuters)
Stock Market LIVE Updates, Friday, October 4, 2024: Indian benchmark equity indices were trading lower, following a lacklustre start on Friday.
At 2 PM, the BSE Sensex was at 81,826, down 670 points, or 0.81 per cent, while the Nifty 50 was at 25,050, down 200 points, or 0.79 per cent.
Out of the 30 stocks on the BSE Sensex, only five stocks were trading in the green. Gains were led by Infosys (up 1.33 per cent), followed by Tech Mahindra, Tata Motors, Axis Bank and TCS.
In contrast, loses were led by Bajaj Finance, Mahindra & Mahindra, Nestle India, Asian Paint, and Bharti Airtel.
Meanwhile, on the Nifty 50, 38 stocks were trading in the red, with loses led by Bajaj Finance (down 3.35 per cent), followed by Mahindra & Mahindra, Hero MotoCorp, Nestle India, and Cipla. On the flip side, gains were led by Infosys (up 1.45 per cent), followed by ONGC, Tech Mahindra, Wipro, and HDFC Life.
That apart, all the sectoral indices, barring the IT and PSU Bank indices, were trading in the red. The PSU Bank index was up 0.42 per cent, while the IT index was up 0.23 per cent.
In contrast, the Realty index was down 2.33 per cent, followed by the Media index, which was down 2.12 per cent.
Following them were the FMCG, Auto, and Financial Services indices, which were down more than 1 per cent each.
The broader markets were also down, with the BSE MidCap shedding 1.09 per cent, and the BSE SmallCap falling 0.83 per cent.
Meanwhile, Asian stocks rose on Friday while oil prices were headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge.
Investor focus was also on the key US nonfarm payrolls report due later in the day, which would provide further clues on the Federal Reserve's rate outlook.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.16 per cent and was set to end the week with a 0.5 per cent increase.
It was helped by a 2.2 per cent jump in Hong Kong's Hang Seng Index on continuing optimism over China's massive stimulus measures. The Hang Seng Index is heading for a weekly gain of more than 9 per cent .
S&P 500 futures rose 0.04 per cent, while Nasdaq futures tacked on 0.1 per cent. EUROSTOXX 50 futures also added 0.1 per cent.
Oil prices are on track for strong weekly gains, driven by concerns over potential supply disruptions in the Middle East.
US President Joe Biden said on Thursday that the US was discussing strikes on Iran's oil facilities, when asked whether he would support Israel's strikes in retaliation for Tehran's missile attack on Israel.
Biden's comments sparked a surge in oil prices, which had already been on the rise this week.
Brent crude futures eased 0.14 per cent to $77.51 a barrel on Friday but were headed for a weekly gain of about 7.7 per cent, the largest since February 2023.
US West Texas Intermediate (WTI) crude futures eased 0.12 per cent to $73.62 per barrel and were on track to advance 8.1 per cent for the week, the most since March 2023.
Elsewhere, caution capped gains in regional share markets.
In Japan, the Nikkei rose 0.27 per cent, but was set for a weekly loss of about 3 per cent.
The dollar hovered near a six-week high ahead of the payrolls report that could decide the path of interest rates.
Expectations are for the US economy to have added 140,000 jobs last month, slightly down from August's 142,000 increase.
Against a basket of currencies, the dollar was last at 101.88. Elsewhere, spot gold rose 0.34 per cent to $2,665.15 an ounce.
(With inputs from Reuters.)
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Stock Market LIVE updates: 3 PM market update
Stock Market LIVE Updates: At 3 PM, the BSE Sensex was at 81,655, down 841 points, or 1.02 per cent, while the Nifty 50 was at 25,004, down 245 points, or 0.97 per cent.
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Stock Market LIVE Updates: Oil India, ONGC surge up to 6% in weak market on rising crude oil prices
Upstream cos in focus:Shares of upstream companies Oil India and Oil and Natural Gas Corporation (ONGC) have gained up to 6 per cent on the BSE in Friday’s intra-day trade amid rising crude oil prices on escalating tensions in the Middle East. Brent crude soared over 5 per cent on Thursday, October 3, 2024, marking its biggest rise in a year. Read more
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Stock Market LIVE Updates: The mother of all bear markets in equities is dead: Shankar Sharma
Developments in West Asia have triggered a panic-like situation across global equity markets. Business Standard caught up with SHANKAR SHARMA, founder, GQuant Investech in New Delhi on his interpretation of the developments. Investor’s focus on China, he believes, can spoil the Indian equity market party. Read more
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Stock Market LIVE Updates: JK Paper, West Coast Paper Mills: Paper stocks crisp in trade on Friday
Paper stocks advanced up to 7 per cent in intraday trade on Friday, but pared some gains in the afternoon trade. At around 1:35 PM, JK Paper shares were up 5.67 per cent on the BSE, West Coast Paper Mills shares were up 1.36 per cent, Emami Paper Mills 0.66 per cent, Tamil Nadu Newsprint and Papers 0.8 per cent, Andhra Paper 0.34 per cent, and Orient Papers & Industries 0.13 per cent. In comparison, the BSE Sensex traded 0.65 per cent lower at 81,960.29 around the same time. Read more
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Stock Market LIVE Updates: 7 IPOs to garner investors attention next week; Full list
Stock Market LIVE Updates: The Indian primary markets have witnessed remarkable growth this year, with a notable surge in initial public offerings (IPOs). According to data from the Bombay Stock Exchange (BSE), a total of 118 companies have gone public so far in 2024. This includes 62 mainline companies that have made their debut on the bourses year-to-date, providing investors with a diverse range of opportunities. READ MORE
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Stock Market LIVE Updates: Recently listed SME firm shares soar 7%; zoom 255% from IPO issue price
Stock Market LIVE Updates: Sahaj Solar stock surged 6.63 per cent at Rs 638.95 per share on the NSE in the intraday trade of Friday. The company’s stock price climbed up after the company on Friday announced that it has conversed with Cliantech Solutions and Technologies to set up a 1.5 gigawatt (GW) solar module production line. READ MORE
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Stock Market LIVE Updates: Refex Industries board approves issue of equity and warrents to raise Rs 927.91 cr
Stock Market LIVE Updates: Refex Industries today announced that its board of directors has approved the issue of 86,55,000 equity shares on a preferential basis to raise an aggregate amount of Rs 405.05 crore, apart from the issue of up to 1,11,70,000 warrants to promoters and non-promoters on a preferential basis, to raise around Rs 522.76 crore.
2:13 PM
The company, in an exchange filing, said it has received an order from Nxtra Data Limited for the supply, installation, testing and commissioning (SITC) of HT Panel for a project in Pune Project.
Apart from that, Pokarna Engineered Stone has given it an order to supply, instal, test and commission (SITC) Busducts for its Hyderabad project. ![]()
Stock Market LIVE Updates: Marine Electricals bags orders worth Rs 6.25 crore from Nxtra and Pokarna Engg
Stock Market LIVE Updates: Marine Electricals (India) today informed that it has received orders worth approximately Rs 6.25 crore
The company, in an exchange filing, said it has received an order from Nxtra Data Limited for the supply, installation, testing and commissioning (SITC) of HT Panel for a project in Pune Project.
Apart from that, Pokarna Engineered Stone has given it an order to supply, instal, test and commission (SITC) Busducts for its Hyderabad project.
The company added that the delivery of the said goods for both the orders shall be made over a period of six months.
2:03 PM
At 2 PM, the BSE Sensex was at 81,826, down 670 points, or 0.81 per cent, while the Nifty 50 was at 25,050, down 200 points, or 0.79 per cent. ![]()
Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade in red
Stock Market LIVE Updates: Indian benchmark equity indices were trading lower, in a day marred by weak sentiment.
At 2 PM, the BSE Sensex was at 81,826, down 670 points, or 0.81 per cent, while the Nifty 50 was at 25,050, down 200 points, or 0.79 per cent.
1:58 PM
The company, in an exchange filing, said, "We would like to inform you that India Ratings & Research has upgraded the bank loans rating of the Company from ‘IND BBB+’ to ‘IND A-’ with Positive Outlook."
It added, "The upgrade reflects a significant improvement in the Company’s financial profile post the completion of its initial public offering (IPO) in July 2024."![]()
Stock Market LIVE Updates: Allied Blenders' bank loans' rating upgraded to 'A-' by India Ratings
Stock Market LIVE Updates: Allied Blenders and Distillers today informed that India Ratings and Research has upgraded the ratings on its bank loans to 'IND A-' from 'IND BBB+' with a 'Positive' outlook.
The company, in an exchange filing, said, "We would like to inform you that India Ratings & Research has upgraded the bank loans rating of the Company from ‘IND BBB+’ to ‘IND A-’ with Positive Outlook."
It added, "The upgrade reflects a significant improvement in the Company’s financial profile post the completion of its initial public offering (IPO) in July 2024."
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Stock Market LIVE Updates: Bajaj Housing gains 2% after Q2 FY25 AUM crosses Rs 1-trillion milestone
Stock Market LIVE Updates: Bajaj Housing Finance shares, which were the talk of the street and made a bumper listing recently on the bourses, rose 2 per cent in Friday's otherwise volatile trade.
Bajaj Housing Finance stock climbed after the company released its Q2FY25 business update. READ MORE
1:40 PM
Besides BOB, share price of Indian Bank, Canara Bank, Punjab National Bank and State Bank of India (SBI) were also trading higher between 2-4 per cent each. READ MORE![]()
Stock Market LIVE Updates: Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers
Stock Market LIVE Updates: Shares of public sector banks (PSBs) have rallied up to 4 per cent on the NSE in Friday’s intra-day trade after Bank of Baroda (BoB) reported steady provisional numbers for the July to September quarter of financial year 2024-25 (Q2FY25).
Besides BOB, share price of Indian Bank, Canara Bank, Punjab National Bank and State Bank of India (SBI) were also trading higher between 2-4 per cent each. READ MORE
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Stock Market LIVE Updates: IT stocks sparkle: Nifty IT Index gains 1.7% ahead of Q2 results
Stock Market LIVE Updates: Shares of IT companies zoomed on Friday ahead of their second-quarter results for the financial year 2025. The Nifty IT index advanced 1.69 per cent during intra-day deals, with all constituent stocks of the index trading in the green. Analysts' consensus estimates suggest the IT industry is expected to continue on the path of recovery in Q2, similar to the preceding quarter, rather than sprinting towards growth. The top four firms are expected to have grown between 0 and 4 per cent year-on-year (Y-o-Y).
Among the constituent of the Nifty IT index, L&T Technology Services shares surged 2.76 per cent intra-day on Friday, Infosys shares gained 2.17 per cent, Coforge's stock price climbed 2.47 per cent, and Tech Mahindra shares rose 2.17 per cent. READ MORE
1:17 PM
The company, in an exchange filing, said, "The Board of Directors of the company, at its meeting held today, approved... Raising of funds by way of issuance of Equity Shares of the Company having face value of Rs. 10 each, for an aggregate amount not exceeding Rs 800 crore by way of private placement, qualified institutions placement, preferential issue or any other method or combination of methods in one or more tranches, subject to approval of shareholders of the Company and such regulatory/statutory approvals as may be required."![]()
Stock Market LIVE Updates: Wonderla Holidays' board approves Rs 800-crore fundraise
Stock Market LIVE Updates: Wonderla Holidays today informed that its board of directors has approved a fundraise of Rs 800 crore.
The company, in an exchange filing, said, "The Board of Directors of the company, at its meeting held today, approved... Raising of funds by way of issuance of Equity Shares of the Company having face value of Rs. 10 each, for an aggregate amount not exceeding Rs 800 crore by way of private placement, qualified institutions placement, preferential issue or any other method or combination of methods in one or more tranches, subject to approval of shareholders of the Company and such regulatory/statutory approvals as may be required."
1:12 PM
The company, in an exchange filing, said, "We are pleased to inform that the Company has started commercial production at its new 250 metric tonnes per day Air Separation Unit at Ludhiana, Punjab."
This is the company’s second plant in Northern India, apart from the one at Selaqui, Uttarakhand.
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Stock Market LIVE Updates: Linde India begins production at new air separation unit at Ludhiana, Punjab
Stock Market LIVE Updates: Linde India today informed that it has started commercial production at its new air separation unit located at Ludhiana, Punjab.
The company, in an exchange filing, said, "We are pleased to inform that the Company has started commercial production at its new 250 metric tonnes per day Air Separation Unit at Ludhiana, Punjab."
This is the company’s second plant in Northern India, apart from the one at Selaqui, Uttarakhand.
Linde India added that it would "be supplying cryogenic gases to a wide range of customers and industries across northern India," through this new facility.
Topics : Stock Market Indian stock market share market MARKETS LIVE Markets Sensex Nifty S&P BSE Sensex Nifty50 Nifty 50 BSE NSE BSE NSE equity Indian stock markets global stock market Global stock markets US markets Asia Markets
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First Published: Oct 04 2024 | 8:05 AM IST
