Rupak De, Senior Technical Analyst at LKP Securities:
The Nifty continued to exhibit strength as the index reached new highs. Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark. In the short term, there is potential for the Nifty to move towards the 20,480-20,500 range on the upside.
The sentiment remains positive as the Bank Nifty approaches its all-time high. The strong presence of Put writers at 46,000 has supported the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside.
Deepak Jasani, Head of Retail Research, HDFC Securities:
Nifty scaled fresh life highs on Friday rising for the third consecutive session to end at a record close. Sensex rose for the 11th day, the longest streak of gains since October 2007. At close, Nifty was up 0.44% or 89.3 points at 20192.4. Volumes on the NSE continued to be on the lower side. Broad market indices rose less than the Nifty even as the advance decline ratio fell but remained above par at 1.26:1.
Global equities rose Friday after better-than-expected Chinese economic data added to expectations that tightening campaigns by the world’s biggest central banks were close to over. The Arm IPO optimism and China’s further stimulus measures boosted sentiments.
Nifty continued its gradual move up on Friday with a 93 points intraday high low range. Post the making of fresh life highs, Nifty’s upward momentum has been calibrated. On weekly charts Nifty gained 1.88% almost matching the previous week’s rise. Nifty could now stay in the 19979-20340 band for the near term.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:
The Nifty opened on a positive note and consolidated with a range to close the day on a positive note up ~89 points. On the daily charts we can observe that the up move in Nifty has slowed down since the last three trading sessions. The slope of ascend has been shallow. The reason we attribute to this price action is that it has reached the zone of 20100 – 20200 where the weekly upper Bollinger band is placed which is resulting in subdued price action. The hourly momentum indicator though having a positive crossover is showing signs of negative divergence which should not be underestimated. Overall, the short-term outlook is positive, however considering the sharp run-up since last three trading sessions we should have a cautious stance and be prepared for a correction. In terms of levels, 20050 – 20000 is the crucial support zone while 20200 – 20250 shall act as an immediate hurdle zone.
Bank Nifty has also been trading with a positive bias. It has now reached the zone of 46370 – 46400 where resistance in the form of weekly upper Bollinger band and the previous swing high is placed. Thus, after rallying for three weeks there is high probability of a consolidation. Crucial support is placed in the range 45970 – 45670 and crucial resistance is placed at 46300 - 46400
Amol Athawale, Vice President - Technical Research, Kotak Securities:
Besides firm global market cues, investors are anticipating a halt in rate hike by the US Federal Reserve in the next week's policy meeting amid moderating inflation, which would augur well for local markets already witnessing a strong upsurge. A status quo on rate hikes would further bolster investors' sentiment as this would give a further leg up to the economy on hopes of softening interest rate stance going ahead.
A drop in US treasury yields have resulted in a recovery in world equity markets and also had a rub-off effect on local markets. On daily and weekly charts, the Nifty has formed a breakout continuation formation which is indicating that the uptrend wave is likely to continue in the near future. Although the larger texture of the market is bullish, the market is in temporary overbought conditions, and hence we could see some profit booking at higher levels. For short term traders, 20075 and 20000 would act as key support zones while 20300-20375 could act as crucial resistance areas for the bulls.
Ajit Mishra, SVP - Technical Research, Religare Broking:
Markets extended up move after a day of pause and gained nearly half a percent. On the benchmark front, Nifty opened with an uptick and traded range bound thereafter. It finally settled at 20,192.35 levels; up by 0.44%. Meanwhile, the trend was mixed on the sectoral front wherein auto and IT posted strong gains while realty and FMCG ended in the red. The broader indices too were aligned with the move and gained nearly half a percent each.
We expect a positive tone to continue in the Nifty, with some intermediate consolidation citing a hurdle at 20,300 levels. Participants should maintain a “buy on dips” approach and look for stocks offering a favorable risk to reward ratio.
Vinod Nair, Head of Research at Geojit Financial Services:
The market is inching towards a new direction with renewed buying in auto and IT stocks in expectation of strong festive demand and a strong deal wins.
Better-than-expected economic data from China and stimulus hopes further added optimism in global markets. The ECB hinted at a potential pause in rates due to receding inflation, while investors are now focused on central bank meetings next week, with the US FED, BoE, and BoJ set to announce their rate decisions.
Dilip Parmar, Research Analyst, HDFC Securities:
The Indian rupee traded in the narrow range amid dollar inflows from the FTSE rebalancing while the nationalised bank bought the dollar on behalf of oil importers. Spot USDINR is expected to consolidate between 82.70 to 83.15 before next week’s three major central banks’ (FOMC, BoE, BoJ) policy decisions. The dovish ECB hike and another round of strong US activity data sent the dollar index (DXY) on another rally above 105.
The dollar may correct a bit lower in the near term, but the risks remain skewed towards further strengthening, or at least until the US activity picture starts to show some cracks.
Rupee Close:
Indian rupee ended 15 paise lower at 83.18 per dollar on Friday versus Thursday's close of 83.03.
Market Close:
Benchmark indices ended higher on September 15 with Nifty finished near 20,200.
At close, the Sensex was up 319.63 points or 0.47 percent at 67,838.63, and the Nifty was up 89.20 points or 0.44 percent at 20,192.30. About 1872 shares advanced, 1649 shares declined, and 145 shares unchanged.
Biggest gainers were Bajaj Auto, Grasim Industries, M&M, Hero MotoCorp and Bharti Airtel, while losers included BPCL, Asian Paints, HUL, Jio Financial and Tata Consumer Products.
Mixed trend saw among the sectors, with FMCG, oil & gas, power and realty down 0.4-1 percent, while auto, bank, pharma, information technology up 0.3-1 percent.
The BSE midcap and Smallcap indices ended on a positive note.
Stock Market LIVE Updates | Kotak Institutional Equities View On Tech Mahindra
-Reduce rating, target at Rs 1,210 per share
-Media reports indicate co has announced a new organization structure
-Changes are substantial and can lead to exit of a few leaders
-New structure is geo vertical based & consolidates delivery with the new COO
-New structure brings in clear responsibilities for sales & delivery
-New structure improves economics of delivery, allows innovation within service lines
-Trades at full valuation of 19x FY25 EPS
Sensex Today | Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas:
Crude oil prices are set for third weekly gain in a row as WTI October is up 0.5% to trade at $90.55/b on Friday and gaining close to 4% for the week. The OPEC+ combined cuts along with voluntary cuts from Saudi Arabia and Russia is gradually brining the global crude oil market balance towards deficit of around 1.5-2mbpd by Q4. If the recent measures taken up by Beijing from reducing taxes to mortgage rate and slashing the RRR could bring the Chinese economy on recovery path in Q4-23, we are expecting WTI prices to trade above $100 by end of the year.
The macro numbers from China and US were encouraging for the industrial metals demand. China’s industrial output grew at 4.5% in August and retail sales at 4.6%. Oil refinery processing rose to a record 64.69 million tonnes in August, up 19.6% from a year earlier and equal to 15.23 million barrels per day.
Dollar index is heading for 9th straight weekly gains as DXY hits fresh six-month high of 105.43 on back of strong retail sales growing at 0.6%, and weekly jobless claims dropping to 220K data from US on Thursday.
Remain bullish on crude oil prices for medium to long term as stronger demand outlook from a robust Chinese industrial sector along with the OPEC+ production to keep market very tight in Q4-2023. WTI October remain supported around $88 and resistance remains around $92 for the day.
Stock Market LIVE Updates | Kotak Institutional Equities View On GAIL
-Reduce rating, target at Rs 120 per share
-In current windfall tax regime, GAIL is a better proxy to rising oil prices
-However, believe benefits to GAIL are limited
-Higher prices should enable LPG segment to recover to profits, but remain weak
-PE remains in downcycle with GAIL reporting EBIT loss in last four quarters
Stock Market LIVE Updates | Ami Organic signs multi-year agreement with Fermion to supply additional advanced pharma intermediate
Ami Organics has signed another definitive multi-year, multi-tonne agreement with Fermion, a fully owned subsidiary of Orion Corporation, Finland. As part of the agreement, Ami Organics will supply an additional advanced pharmaceutical intermediate to Fermion.
Stock Market LIVE Updates | CLSA View On Mahindra and Mahindra
-Buy rating, target at Rs 1,898 per share
-Reiterated guidance to increase production of SUVs to 49,000 units/month by March 2024
-Most semiconductor issues are behind while company is getting bookings higher than production
-Company looking at delivering 15-20 percent consolidated earnings CAGR from FY23-30 with RoE of 18 percent
Sensex Today | Market at 3 PM
The Sensex was up 335.07 points or 0.50 percent at 67,854.07, and the Nifty was up 105.70 points or 0.53 percent at 20,208.80. About 1687 shares advanced, 1393 shares declined, and 92 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| M&M | 1,600.00 | 2.17 | 107.52k |
| Bharti Airtel | 931.95 | 1.88 | 62.50k |
| HCL Tech | 1,306.05 | 1.75 | 132.76k |
| Tata Motors | 634.10 | 1.56 | 560.64k |
| Tech Mahindra | 1,295.10 | 1.21 | 48.74k |
| TCS | 3,602.05 | 1.21 | 42.26k |
| Wipro | 441.30 | 1.11 | 454.72k |
| HDFC Bank | 1,658.20 | 1.02 | 241.19k |
| Axis Bank | 1,030.40 | 0.95 | 78.34k |
| Nestle | 22,646.85 | 0.74 | 1.63k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Asian Paints | 3,198.60 | -1.26 | 35.79k |
| HUL | 2,470.50 | -1.24 | 141.70k |
| IndusInd Bank | 1,451.10 | -0.42 | 18.25k |
| Bajaj Finserv | 1,545.00 | -0.37 | 24.44k |
| Titan Company | 3,248.75 | -0.36 | 10.13k |
| NTPC | 237.40 | -0.25 | 344.51k |
| ITC | 449.00 | -0.21 | 330.49k |
| Power Grid Corp | 194.70 | -0.21 | 497.34k |
| Larsen | 2,915.00 | -0.12 | 22.01k |
| Kotak Mahindra | 1,819.80 | -0.09 | 22.22k |
Stock Market LIVE Updates | Ashok Leyland forms JV with TVS Mobility with an investment up to Rs 40 crore
Ashok Leyland and TVS Mobility Private Limited have agreed to form a Joint Venture (JV) company, with TVS Mobility contributing to the extent of 50.1% and the company to the extent of 49.9%.
The company would be investing an amount of upto Rs 40 crores, in one or more tranches, in the proposed JV Company, subject to compliance of various requirements and signing of agreements.
Also, the company signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh for setting up a new integrated commercial vehicle bus manufacturing facility primarily focused on EV in Uttar Pradesh with an initial investment of Rs 200 crore.
Emkay Wealth Management
The prices of yellow metal is expected to trade in the broad ranges already set with USD 1880 and USD 1830 acting as strong support levels in the near term.
Gold is currently trading at USD 1960, and has been fluctuating in the range of USD1880-USD1960 during the last one month.
Sensex Today| Syschem India Board to meet in Sept 22 to decide price of Rights Issue
Sensex Today| Yatra Online IPO subscribed 7 percent on debut
The initial public offering of leading corporate travel company Yatra Online, so far, has seen muted response from investors on September 15, the first day of bidding. The participants have bought 21.91 lakh equity shares against offer size of 3.09 crore shares, resulting into a 7 percent subscription. Retail investors were at the forefront in terms of support to the offer, buying 36 percent shares of the alloted quota which is 10 percent of the total issue size, while high networth inividuals (non-institutional investors) have bid for 1 percent shares of reserved portion which is 15 percent to the IPO size. Qualified institutional buyers (QIB), who have 75 percent reservation in the public issue, have not started putting in bids yet.
Sensex Today | RR Kabel IPO subscribed 4.78 times on final day of bidding
Global private equity firm TPG-backed RR Kabel's initial public offering has seen a good response from investors on the final day of bidding on September 15. The subscription rate stood at 4.78 times, with participants purchasing 6.37 crore equity shares against an IPO size of 1.33 crore shares.
Qualified institutional buyers (QIB) and high networth individuals, who have 50 percent and 15 percent reservation in the offer size, bid for shares 9.52 times and 6.23 times the said allotted quota, respectively.
Retail investors have bought 1.5 times the portion set aside for them, which is 35 percent of the issue size, and employees 2.19 times the reserved portion.
Stock Market LIVE Updates | Asian Paints continues to decline on rise in crude oil prices
Shares of Asian Paints continued to decline for the second day as the price of Brent Crude surged to $90 per barrel. Over the last two days, shares of Asian Paints have seen a 2.5 percent decline.
The surge in oil prices has indeed adversely impacted the paint manufacturing industry, primarily because many raw materials used in paints are petroleum-based. The increase in input costs for important raw materials could impact the total manufacturing cost and in turn pressure on margins of paint companies.
Sensex Today | Market at 3 PM
The Sensex was up 240.43 points or 0.36 percent at 67,759.43, and the Nifty was up 68.70 points or 0.34 percent at 20,171.80. About 1658 shares advanced, 1395 shares declined, and 95 shares unchanged.
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| Vodafone Idea | 11.93 | 11.95 10.90 | 9.45% |
| UCO Bank | 40.20 | 40.74 36.80 | 9.24% |
| IOB | 39.00 | 39.45 36.27 | 7.53% |
| Punjab & Sind | 44.29 | 45.68 41.47 | 6.8% |
| Mazagon | 2,233.50 | 2,247.75 2,094.65 | 6.63% |
| Guj Amb Exports | 297.55 | 305.30 279.55 | 6.44% |
| New India Assur | 142.55 | 145.65 134.30 | 6.14% |
| Central Bank | 46.72 | 48.00 44.03 | 6.11% |
| Suven Pharma | 555.35 | 559.45 527.70 | 5.24% |
| eClerx Services | 1,858.00 | 1,925.00 1,768.60 | 5.05% |
Stock Market LIVE Updates | JSW Infrastructure’s IPO is credit neutral, increases rating headroom
JSW Infrastructure Limited’s (JSWIL, BB+/Stable) INR28 billion IPO scheduled for late September 2023 is neutral to its Long-Term Issuer Default Rating and senior unsecured notes due 2029, Fitch Ratings says. Fitch believes the listing does not materially change the India-based port operator’s credit profile, but it will increase the current rating headroom and improve the company’s access to capital and funding sources.
| Company | Price at 13:00 | Price at 13:50 | Chg(%) Hourly Vol |
|---|---|---|---|
| Colinz Labs | 41.00 | 37.55 | -3.45 0 |
| Aayush Food | 28.30 | 26.63 | -1.67 341 |
| Flexituff Ventu | 39.30 | 37.00 | -2.30 0 |
| Palash Securiti | 109.85 | 103.55 | -6.30 0 |
| Rapicut Carbide | 69.00 | 65.18 | -3.82 779 |
| Shradha Ind. | 63.74 | 60.50 | -3.24 723 |
| Trishakti Elect | 41.40 | 39.40 | -2.00 1 |
| PH CAPITAL | 74.25 | 70.80 | -3.45 7 |
| AVI Photochem | 31.40 | 30.00 | -1.40 4 |
| United Van Hors | 181.50 | 173.50 | -8.00 38 |
| Company | Price at 13:00 | Price at 13:50 | Chg(%) Hourly Vol |
|---|---|---|---|
| Standard Batter | 33.70 | 39.99 | 6.29 1.86k |
| Den Networks | 41.96 | 46.15 | 4.19 20.98k |
| Sam Ind | 63.60 | 67.90 | 4.30 5 |
| Moschip Tech | 89.40 | 95.40 | 6.00 12.72k |
| Contil India | 97.50 | 104.00 | 6.50 86 |
| Rama Vision | 55.40 | 59.00 | 3.60 842 |
| Prism Medico | 29.00 | 30.55 | 1.55 0 |
| Bhatia Colour | 49.40 | 52.00 | 2.60 0 |
| Ashnoor Text | 38.80 | 40.80 | 2.00 924 |
| Ratnabhumi Deve | 153.25 | 160.90 | 7.65 2.60k |
GDP components likely to have fared better in Q1 FY2024 than estimated
PFCE and GFCF are likely to have fared better than what is suggested by their moderately healthy initial YoY growth estimates of 6.0 percent and 8.0 percent, respectively, for the quarter ... Read More
Stock Market LIVE Updates | HSBC View On Titagarh Rail Systems
-Buy rating, target raised to Rs 900 from Rs 750 per share
-Robust core volume trends underpinning strong demand for railway wagons from private sector
-Wagon orders from private sector come with superior profitability & working capital terms
-Company has a strong order backlog that provides strong visibility to growth outlook
-Expect 2.8x jump in profit over FY23-26, with average RoE of 20 percent & more diversified business
| Company | 52-Week High | Day’s High | CMP |
|---|---|---|---|
| Restaurant Bran | 137.85 | 137.85 | 132.45 |
| Vodafone Idea | 11.85 | 11.85 | 11.82 |
| UCO Bank | 40.74 | 40.74 | 39.86 |
| New India Assur | 145.65 | 145.65 | 142.60 |
| eClerx Services | 1925.00 | 1925.00 | 1,869.30 |
| Suven Pharma | 559.45 | 559.45 | 557.65 |
| Bajaj Auto | 5105.95 | 5105.95 | 5,099.95 |
| IOB | 39.45 | 39.45 | 38.93 |
| Zomato | 104.42 | 104.42 | 103.24 |
| Central Bank | 48.00 | 48.00 | 46.64 |
Stock Market LIVE Updates | Nifty PSU Bank index up 0.5 percent led by UCO Bank, Indian Overseas Bank, Central Bank of India
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| UCO Bank | 40.20 | 8.21 | 128.14m |
| IOB | 39.15 | 5.81 | 109.68m |
| Central Bank | 47.05 | 5.02 | 106.99m |
| Punjab & Sind | 44.35 | 4.48 | 18.14m |
| Bank of Mah | 45.25 | 2.96 | 78.49m |
| Union Bank | 97.00 | 2.65 | 82.54m |
| Indian Bank | 403.55 | 0.74 | 1.61m |
| PNB | 73.90 | 0.27 | 62.30m |
European indices were trading higher after ECB increased interest rates by 25 basis points, a 10th consecutive hike taking its main rate to a record high of 4%.
Sensex Today | Market at 1 PM
The Sensex was up 158.05 points or 0.23 percent at 67,677.05, and the Nifty was up 46.70 points or 0.23 percent at 20,149.80. About 1630 shares advanced, 1399 shares declined, and 95 shares unchanged.
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 20147.95 0.22 | 11.28 1.65 | 3.67 12.70 |
| NIFTY BANK | 46083.05 0.18 | 7.20 2.05 | 4.52 11.83 |
| NIFTY Midcap 100 | 40746.40 0.07 | 29.32 -0.56 | 7.88 25.70 |
| NIFTY Smallcap 100 | 12769.80 0.22 | 31.22 -0.33 | 9.50 26.75 |
| NIFTY NEXT 50 | 46004.30 0.07 | 9.05 -0.23 | 4.53 1.30 |
Stock Market LIVE Updates | Jefferies On Grasim Industries
-Buy rating, target at Rs 2,270 per share
-Unveiled much anticipated brand name for paint business, ‘Birla Opus’
-Phased commissioning of 3 plants & product launch is scheduled for Q4FY24
-Company would cross leverage group's wall putty dealers to expand paint reach initially
-Ahead of launch, Grasim piloted painting services in key metros
Stock Market LIVE Updates | United Spirits files appeal before Joint Commissioner of Commercial Taxes on order related to applicability of GST rate on royalty income
United Spirits has filed appeal before Joint Commissioner Of Commercial Taxes, Bangalore, in respect of order passed by Additional Commissioner of Commercial Taxes (Enforcement) in the matter of applicability of GST rate on royalty income. This matter pertains to liveability of GST at the rate of 18% instead of 12%, on royalty received by the company towards the grant of right to use its trademarks to franchisee, for the period September 2017 to September 2021. The company does not expect any financial implications.
Sensex Today | BSE Information Technologies index added 0.7 percent led by Tanla Platforms, Intellect Design Arena, eMudhra:
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Intellect Desig | 720.60 | 5 | 61.26k |
| eMudhra | 482.65 | 3 | 9.06k |
| Tanla Platforms | 1,050.95 | 2.84 | 20.45k |
| COFORGE LTD. | 5,571.85 | 2.09 | 5.39k |
| FCS Software | 2.75 | 1.85 | 5.06m |
| Affle India | 1,133.05 | 1.72 | 27.74k |
| Happiest Minds | 946.40 | 1.71 | 112.33k |
| MphasiS | 2,500.25 | 1.56 | 5.70k |
| HCL Tech | 1,302.95 | 1.51 | 93.03k |
| HCL Info | 17.53 | 1.27 | 11.39k |
Stock Market LIVE Updates | Mishra Dhatu Nigam gains 3% on positive management commentary
Shares of Mishra Dhatu Nigam rose 3 percent on September 15 on positive commentary from the management. The stock has gained 21 percent in a month and 68 percent in the past three months.
The company, which has been assisting ISRO since start of the Chandrayaan-3 mission, has already booked orders of Rs 600 crore with a target revenue of Rs 1,200 crore in FY24, Sanjay Kumar Jha, Chairman & Managing Director, Mishra Dhatu Nigam, told CNBC-TV18 in an interaction.
Stock Market LIVE Updates | GMM Pfaudler to acquire Professional Mixing Equipment for $7 million
GMM Pfaudler through its wholly owned subsidiary GMM Pfaudler US Inc, has entered into an agreement to acquire 100% stake in Professional Mixing Equipment Inc (MixPro). The company will pay $7 million for MixPro acquisition. The transaction will be funded through internal accruals and is expected to close by October 2023. Canada-based MixPro designs and manufactures innovative mixing solutions for a wide range of industrial applications.
Sensex Today | BSE Realty index shed 0.5 percent dragged by Sobha, Brigade Enterprises, DLF
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Sobha | 687.10 | -1.39 | 22.49k |
| Brigade Ent | 610.20 | -1.2 | 3.90k |
| DLF | 531.40 | -1.09 | 29.49k |
| Prestige Estate | 625.00 | -1 | 5.70k |
| Godrej Prop | 1,657.15 | -0.99 | 4.07k |
| Indiabulls Real | 78.95 | -0.8 | 486.79k |
| Mahindra Life | 585.95 | -0.59 | 5.98k |
| Macrotech Dev | 795.65 | -0.58 | 7.17k |
Stock Market LIVE Updates | Bernstein View On Larsen & Toubro
-Outperform rating, target at Rs 3,268 per share
-There are no stopping orders
-L&T is becoming the proxy to invest in in India & Middle East
-See ordering momentum continue for them
-Company saw given strong performance in Q1 & large wins in news for Q2
-Think L&T might surpass upper end of guidance of 10-12 percent order inflow growth
-Recent buyback a positive to avoid non-core investments, expect more such actions by company
Sensex Today | Market at 12 PM
The Sensex was up 268.87 points or 0.40 percent at 67,787.87, and the Nifty was up 77.20 points or 0.38 percent at 20,180.30. About 1806 shares advanced, 1183 shares declined, and 108 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Bajaj Auto | 5,095.00 | 5.17 | 918.98k |
| Hero Motocorp | 3,076.00 | 2.59 | 589.38k |
| Grasim | 1,968.00 | 1.88 | 624.84k |
| HCL Tech | 1,302.25 | 1.45 | 1.31m |
| Tata Motors | 631.85 | 1.16 | 8.26m |
| M&M | 1,583.15 | 1.1 | 944.77k |
| Coal India | 280.50 | 1.06 | 6.12m |
| Eicher Motors | 3,416.15 | 1.03 | 455.79k |
| Wipro | 440.90 | 1.02 | 2.90m |
| HDFC Bank | 1,658.00 | 0.92 | 11.17m |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| BPCL | 353.30 | -1.52 | 1.53m |
| HUL | 2,467.80 | -1.32 | 1.76m |
| Asian Paints | 3,199.15 | -1.27 | 750.55k |
| Britannia | 4,532.00 | -0.93 | 147.09k |
| TATA Cons. Prod | 876.50 | -0.91 | 441.15k |
| Power Grid Corp | 193.60 | -0.79 | 7.75m |
| Jio Financial | 241.00 | -0.64 | 9.49m |
| Tata Steel | 131.05 | -0.49 | 27.85m |
| NTPC | 236.95 | -0.42 | 3.69m |
| IndusInd Bank | 1,453.40 | -0.33 | 510.90k |
Stock Market LIVE Updates | Paramount, Bharat Forge, Kalyani Strategic Systems broaden partnership to produce wider range of armoured vehicles in India
Paramount announced a broadening of its development and manufacturing partnership with Indian industrial conglomerate, Bharat Forge and Kalyani Strategic Systems, to produce a wider range of armoured vehicles in India for Paramount’s global customers. Their existing partnership produces KM4 armoured vehicles for the Indian Army.
Stock Market LIVE Updates | Patel Engineering JV emerges as lowest bidder for irrigation project
Patel Engineering Limited along with its Joint Venture partner has been declared lowest Bidder (L1) for an irrigation project of Rs 202.30 crore from Maharashtra Krishna Valley Development Corporation.
Stock Market LIVE Today | Abbott India shares gain 2% after company assures fixing issues at Goa Plant
Abbott India's shares initially struggled, but later gained ground and rose over 2 percent on September 15following the company's announcement that corrective measures were being taken at its Goa plant.
Earlier this month, regulator Drugs Controller General of India (DCGI) cautioned against the consumption of Digene Gel citing safety concerns. The drug maker had voluntarily recalled several batches of the medicine manufactured at the company’s Goa facility prior to the DCGI order. Abbott said that it is implementing corrective actions at its Goa facility on September 14.
Stock Market LIVE Today | Kahan Packaging stock lists at nearly double the IPO price on BSE SME exchange
Kahan Packaging shares listed today at Rs 152 on BSE SME platform. The stock jumped 90% at open against the IPO price of Rs 80. The public issue opened for subscription on September 6, 2023, and closed on September 8, 2023.
The SME IPO was oversubscribed 690 times. Investors bought 49.67 crore equity shares in three days starting from September 6 against the offer size of 7.2 lakh shares, resulting in a subscription of 689.92 times, as per the data available on the BSE. The number of shares bid totals to Rs 3,973.95 crore against the total IPO fundraising of Rs 5.76 crore.
Retail investors bought 1,044.8 times their allotted quota, while high net-worth individuals (HNIs) and other investors bought 14.15 crore shares up 416.2 times their reserved portion.
