Stock Market LIVE Updates: Sensex up 200pts, at 82,700, Nifty at 25,300; IT, PSB up, Auto, FMCG fall
Share Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 gained after opening lower on Friday, while the broader markets also climbed.
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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, after remaining rangebound following a lower open on Friday, climbed into positive territory.
At 11 AM, the BSE Sensex was at 82,883, up 386.83 points, or 0.47 per cent, while the Nifty 50 was at 25,348, up 98.20 points, or 0.39 per cent.
More than half the stocks on the BSE Sensex were trading in the red. Loses were led by Bajaj Finance (down 2.52 per cent), followed by Asian Paint, Bajaj Finserv, Reliance Industries, and Tata Steel, while gains were led by TCS (up 0.86 per cent), IndusInd Bank, Power Grid Corp., HCL Tech, and ITC.
On the Nifty 50, only two stocks, JSW Steel (up 1.33 per cent) and ONGC (up 0.36 per cent), were the gainers, while 38 stocks were in the red.
Losses were capped by BPCL (down 3.11 per cent), followed by Bajaj Finance, Hero MotoCorp, Asian Paint, and Trent.
Meanwhile, all sectoral indices, barring IT, were trading in the red. IT was up 0.23 per cent, while Realty was down 2.65 per cent, followed by the Metal and Media indices.
Banks, Financial Services, Auto, FMCG, Pharma, Health, Consumer Durables, and Oil & Gas were also in the red.
In the broader markets, the BSE SmallCap was down 1.48 per cent, while the BSE MidCap was down 1.37 per cent.
The Indian stock market had bled heavily on Thursday, October 3, as the risk of a flare up in tensions between Iran and Israel stoked cautious sentiment among investors.
The BSE Sensex index crashed 1,769 points, or 2 per cent, to end at 82,497 levels, while the Nifty 50 broke the 25,300-mark to close at 25,250, down 547 points or 2.12 per cent.
The BSE Sensex hit an intraday low of 82,434, while the Nifty 50 dived to 25,230.30 during the day.
In the broader markets, the Nifty MidCap index pulled back by 2.2 per cent and the Nifty SmallCap index skid 1.9 per cent. Fear gauge, India VIX, soared 9.4 per cent on Thursday.
Among sectors, all indices closed in the red, with losses led by the Nifty Realty (down 4.6 per cent), Nifty Auto (down 2.7 per cent), and Nifty Private Bank (down 2.5 per cent).
Meanwhile, Asia-Pacific markets were mixed on Friday, following the lower overnight close on Wall Street, as concerns over escalating tensions in the Middle East made investors cautious ahead of the September US payrolls data.
In Australia, the S&P/ASX 200 fell 0.98 per cent, while Japan's Nikkei 225 was up 0.11 per cent, and the broader Topix was up 0.27 per cent.
South Korea's Kospi rose 0.78 per cent, while the Kosdaq was up by 1.61 per cent.
Hong Kong’s Hang Seng index was up 0.48 per cent, while markets in mainland China were closed until October 8.
Apart from that, global stocks also fell on Thursday, weighed by tepid trading in equity markets across the US and other major regions, while oil prices jumped, buoyed by rising geopolitical tension from the Middle East conflict.
Wall Street's main indexes finished lower after trading slightly higher early in the session. Data released on Thursday showed rising US jobless claims, indicating labour market softness, but strong service-sector activity.
The closely watched nonfarm payrolls report for September is due on Friday.
The Dow Jones Industrial Average fell 0.44 per cent to 42,011.59, the S&P 500 fell 0.17 per cent to 5,699.94 and the Nasdaq Composite fell 0.04 per cent to 17,918.48.
European stocks finished down 0.93 per cent as investors digested weak business activity survey data from the bloc. MSCI's gauge of stocks across the globe fell 0.39 per cent to 842.18.
Israel bombed Beirut early on Thursday following a year of clashes with Iran-backed Hezbollah. Asked if he would support Israel striking Iran's oil facilities, US President Joe Biden told reporters on Thursday "we're discussing that." He added: "There is nothing going to happen today."
Brent crude futures settled up 5.03 per cent at $77.62 a barrel. US West Texas Intermediate (WTI) crude futures settled up 5.15 per cent to $73.71.
Gold prices were flat as the US dollar strengthened against major currencies. Spot gold fell 0.01 per cent to $2,657.24 an ounce, while US gold futures settled 0.4 per cent higher at $2,679.2.
In currencies, the US dollar index rose to a six-week high, reaching 102.09, the highest since August 19.
Treasury yields rose after the jobless claims data and service sector report. Two-year Treasury yields were last up at 3.7095 per cent on Thursday, while benchmark 10-year yields were last up at 3.853 per cent.
(With inputs from Reuters.)
11:38 AM ![]()
Stock Market LIVE Updates: Diwali delight - Hyundai Motor India IPO to spark investor interest; details
Stock Market LIVE Updates: Hyundai Motor India, the Indian arm of South Korean carmaker Hyundai, is likely to launch its highly anticipated Initial Public Offering (IPO) before Diwali, which falls on November 1, 2024, with public subscription opening on Monday, October 14, 2024, according to reports.
The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003. READ MORE
The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003. READ MORE
11:33 AM ![]()
Stock Market LIVE Updates: Why have microfinance stocks hit 52-week lows today? Check details here
Stock Market LIVE Updates: Shares of microfinance institution (MFI) Spandana Sphoorty Financial (SSFL), Fusion Finance and CreditAccess Grameen have hit their respective 52-week lows on the BSE on Friday’s intra-day trade on concerns these companies are likely to report weak earnings for the July to September quarter (Q2FY25). READ MORE
11:20 AM
Refex Industries share price today jumped after the company announced that it plans to raise Rs 927.81 crore through a preferential issue of equity and convertible warrants to investors. READ MORE![]()
Stock Market LIVE Updates: Refex industries stock jumps over 4% on fundraise plan of Rs 927 cr
Stock Market LIVE Updates: Shares of Refex Industries surged as much as 4.59 per cent at Rs 564 a piece in Friday’s intraday trade on BSE.
Refex Industries share price today jumped after the company announced that it plans to raise Rs 927.81 crore through a preferential issue of equity and convertible warrants to investors. READ MORE
11:07 AM
Simultaneously, on the BSE, Diffusion Engineers shares listed at a premium of 11.90 per cent at Rs 188 on Friday.
Thus, with these listings, the investors who were allotted Diffusion Engineers IPO shares made a profit of up to Rs 25 apiece, or over 15 per cent per share. READ MORE![]()
Stock Market LIVE Updates: Diffusion Engineers lists 15% higher over IPO price on NSE; misses GMP hype
Stock Market LIVE Updates: Diffusion Engineers made a decent debut on the stock exchanges on Friday, October 4, amid weak overall market sentiment. Diffusion Engineers shares listed at Rs 193 on the NSE, representing a 15.17 per cent premium over the IPO issue price of Rs 168.
Simultaneously, on the BSE, Diffusion Engineers shares listed at a premium of 11.90 per cent at Rs 188 on Friday.
Thus, with these listings, the investors who were allotted Diffusion Engineers IPO shares made a profit of up to Rs 25 apiece, or over 15 per cent per share. READ MORE
11:03 AM
At 11 AM, the BSE Sensex was at 82,883, up 386.83 points, or 0.47 per cent, while the Nifty 50 was at 25,348, up 98.20 points, or 0.39 per cent. ![]()
Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty gain
Stock Market LIVE Updates: Indian benchmark equity indices, after remaining rangebound following a lower open on Friday, climbed into positive territory.
At 11 AM, the BSE Sensex was at 82,883, up 386.83 points, or 0.47 per cent, while the Nifty 50 was at 25,348, up 98.20 points, or 0.39 per cent.
10:50 AM
The company, in an exchange filing, said, "We wish to inform you that Rail Land Development Authority vide its letter dated October 03, 2024, has cancelled the Letter of Acceptance for Grant of Lease for Commercial Development on Railway Land at 'Abu Road Bungalow no. 102 at Abu Road (NWR)' Measuring 8,034.10 Sq. m for a period of 60 years." ![]()
Stock Market LIVE Updates: H.G. Infra's lease for commercial development of railway land cancelled by RLDA
Stock Market LIVE Updates: H.G. Infra Engineering today informed that its grant of lease for commercial development on railway land at Abu Road in Rajasthan, has been cancelled by the Rail Land Development Authority (RLDA).
The company, in an exchange filing, said, "We wish to inform you that Rail Land Development Authority vide its letter dated October 03, 2024, has cancelled the Letter of Acceptance for Grant of Lease for Commercial Development on Railway Land at 'Abu Road Bungalow no. 102 at Abu Road (NWR)' Measuring 8,034.10 Sq. m for a period of 60 years."
10:34 AM
According to BSE data, shares of Jupiter Wagons and KP Energy will trade ex-date on Monday, as they have announced dividends of Re 1 and Rs 0.10, respectively. READ MORE![]()
Stock Market LIVE Updates: Dividend, Bonus Issue: NBCC, KP Energy, 2 others to go ex-date on Monday
Stock Market LIVE Updates: Shares of NBCC (India), Geojit Financial Services, Jupiter Wagons, and KP Energy will remain in focus today as they will go ex-date on Monday, October 7, 2024, for corporate announcements such as bonus issues, rights issues, and dividends.
According to BSE data, shares of Jupiter Wagons and KP Energy will trade ex-date on Monday, as they have announced dividends of Re 1 and Rs 0.10, respectively. READ MORE
10:22 AM ![]()
Stock Market LIVE Updates: DMart share falls 4% despite strong Q2 business update; adds 377 stores
Stock Market LIVE Updates: Shares of Avenue Supermarts (DMart) fell as much as 4,.41 per cent to hit an intraday low of Rs 4,722 per share on Friday, October 4, 2024.
DMart share price fell despite the company posting a strong set of quarterly updates for Q2FY25 (July 2024 – September 2024). READ MORE
10:11 AM ![]()
Stock Market LIVE Updates: FIIs unwind Nifty longs, add shorts in Bank Nifty; Experts see more pain
Stock Market LIVE Updates: Equity market fell sharply on Thursday amid concerns over the rising conflicts in Israel-Iran. The OI (open interest) in Nifty futures declined by 8 per cent as the underlying index dropped over 2 per cent. The premium for the October series, however, rose to 225 points as against 172 points the day before.
The sell-off is expected to continue, with the next key support at the 50-EMA, around the 25,050 - 25,000 zone. READ MORE
10:02 AM
At 10 AM, the BSE Sensex was at 82,601, up 104.89 points, or 0.13 per cent, while the Nifty 50 was at 25,281, up 31 points, or 0.12 per cent.![]()
Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty climb into green territory
Stock Market LIVE Updates: Indian benchmark equity indices, after having opened lower on Friday, climbed into positive territory in the first hour of trading.
At 10 AM, the BSE Sensex was at 82,601, up 104.89 points, or 0.13 per cent, while the Nifty 50 was at 25,281, up 31 points, or 0.12 per cent.
9:59 AM
It added that the contracts for the remaining three vessels will be communicated when they are finalised
The company, in an exchange filing, said, "Garden Reach Shipbuilders & Engineers signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on Thursday, October 03, 2024, for the construction and delivery of 5th Multi-purpose vessel (MPV) of 7,500 DWT. This contract is in line with the ‘Option Agreement’ signed between both the parties, for procurement of four additional MPVs from GRSE."
The shipyard will build a total of eight vessels at an approx. order value of $ 108 million. ![]()
Stock Market LIVE Updates: Garden Reach signs deal to deliver one of four additional multi-purpose vessels
Garden Reach Shipbuilders & Engineers today informed that it has "signed a contract for construction and delivery of one of the four additional vessel 7500 DWT MultiPurpose Vessels (MPV)."
It added that the contracts for the remaining three vessels will be communicated when they are finalised
The company, in an exchange filing, said, "Garden Reach Shipbuilders & Engineers signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany on Thursday, October 03, 2024, for the construction and delivery of 5th Multi-purpose vessel (MPV) of 7,500 DWT. This contract is in line with the ‘Option Agreement’ signed between both the parties, for procurement of four additional MPVs from GRSE."
The shipyard will build a total of eight vessels at an approx. order value of $ 108 million.
9:53 AM
The company, in an exchange filing, "This is with reference to our earlier intimation dated September 19, 2024 wherein it was informed that the Finance Committee of the Board of Directors at its Meeting held on that day, had approved an investment of Rs. 8.03 crore in Round the Cocktails Private Limited (Bartisans).
It is now informed that the Company has, today, completed the aforesaid investment in Bartisans of Rs 8.03 crores". ![]()
Stock Market LIVE Updates: Tilaknagar Industries completes Rs 8-crore investment in Round the Cocktails
Stock Market LIVE Updates: Tilaknagar Industries today informed that it has completed the proposed investment of Rs 8.03 crore in Round the Cocktails Pvt. Ltd, which owns the Bartisans brand.
The company, in an exchange filing, "This is with reference to our earlier intimation dated September 19, 2024 wherein it was informed that the Finance Committee of the Board of Directors at its Meeting held on that day, had approved an investment of Rs. 8.03 crore in Round the Cocktails Private Limited (Bartisans).
It is now informed that the Company has, today, completed the aforesaid investment in Bartisans of Rs 8.03 crores".
The company added that in aggregate, it now owns 36.17 per cent of the share capital of Bartisans on a fully diluted basis.
9:44 AM
He added that the fundamental economic challenges in the country have not been resolved yet, which could cap the current rally, on CNBC TV18.![]()
Stock Market LIVE Updates: Alexander Redman says direct stimulus needed to keep China animal spirits alive
Stock Market LIVE Updates: CLSA's Alexander Redman says what would really diffrentiate China's current rally is more fiscal stimulus, after the last round of monetary stimulus, which the government there needs to follow through on.
He added that the fundamental economic challenges in the country have not been resolved yet, which could cap the current rally, on CNBC TV18.
9:36 AM ![]()
Stock Market LIVE Updates: Bank of Baroda up 0.5% in weak markets as bank plans to sell its Oman biz
Stock Market LIVE Updates: BoB plans to sell its Oman operations to Bank Dhofar as part of a foreign operation rationalisation strategy. The total business of BoB in Oman stands at 113.35 million Omani Rial.
9:35 AM ![]()
Stock Market LIVE Updates: Refex Industries gains on plans to raise Rs 937 crore
Stock Market LIVE Updates: The company plans to raise Rs 927.81 crore through a preferential issue of equity and convertible warrants to investors.
The funds, comprising Rs 530 crore from high-net-worth individuals and Rs 372 crore from the promoter group, will be used for subsidiary investments, capital expenditures, working capital, and loan repayments.
The funds, comprising Rs 530 crore from high-net-worth individuals and Rs 372 crore from the promoter group, will be used for subsidiary investments, capital expenditures, working capital, and loan repayments.
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
