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Closing Bell: Nifty at 24,540, Sensex rises 1,330 pts; Tech Mahindra, M&M, Tata Motors, Ultratech Cement top gainers

August 16, 2024· 15:49 IST

Stock Market Today

August 16, 2024· 15:56 IST

Sensex | Rupak De, Senior Technical Analyst, LKP Securities

Nifty rallied above 24500 after days of consolidating within a 400-500 point range. In the near term, Nifty may continue consolidating within the 24300-24550 range. Only a decisive move above 24550 could trigger a directional up move in the index. A buy-on-dips strategy may be more effective unless Nifty decisively falls below 24300.

August 16, 2024· 15:53 IST

Sensex Today | Shrikant Chouhan, Head Equity Research, Kotak Securities:

Broader domestic indices ended the week with gains. BSE Sensex, Nifty-50, BSE Midcap and BSE Smallcap indices posted weekly gains of upto 1%. On the sectoral front, BSE IT and BSE Realty index saw healthy weekly gains. BSE Metal index declined on a weekly basis as the Supreme Court allowed states to levy tax and royalty on minerals, apart from central duties, and collect past dues. Q1FY25 results season has concluded with the Nifty-50 Index reporting 5.2% yoy increase in the net profit. India’s CPI inflation in July 2024 fell to 3.5%, from 5.1% in June 2024. In the US, the annual headline inflation in July 2024 stood at 2.9%. Market expects Fed funds rate to decline gradually in H2CY24. The market focus will now shift towards macro data, monetary policy action and geo-political events.

August 16, 2024· 15:51 IST

Sensex Today | Ajit Mishra – SVP, Research, Religare Broking

Markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. After opening with a gap-up, the Nifty initially lost all its gains in the early hours but rebounded due to strong buying interest in select heavyweight stocks. As a result, the Nifty decisively crossed the resistance at 24,400, closing near the day's high at 24,541.15. The rally was broad-based across sectors, with IT, realty, and auto stocks leading the gains. The broader indices also showed a solid recovery, each advancing nearly 2%.

With the Nifty breaking out of its consolidation phase, it appears poised to close the gap around the 24,700 level. If there is any dip, the 24,300-24,400 zone should provide support. We recommend aligning trades with a focus on stock picking. In the absence of any major domestic triggers, attention will remain on global market performance for further cues.

August 16, 2024· 15:43 IST

Sensex Today | Vinod Nair, Head of Research, Geojit Financial Services

The stability of the JPY has been instrumental in driving a global market recovery. Besides that, the strong U.S. retail sales and a decline in weekly jobless claims have helped alleviate fears of a U.S. recession. Further, the market sentiment has improved due to a decrease in U.S. CPI inflation. On the backdrop of these, the Indian IT firms exhibited strong buying interest. Domestically, the Indian CPI inflation rate has fallen below the estimate, signalling optimism. However, challenges such as a drop in WPI inflation, weak IIP, and lukewarm Q1 corporate earnings suggest that market gains may be limited, which is reflected by FIIs maintaining a net seller position.

August 16, 2024· 15:39 IST

Closing Bell: Nifty at 24,540, Sensex rises 1,330 pts; Tech Mahindra, M&M, Tata Motors, Ultratech Cement top gainers

August 16, 2024· 15:29 IST

Sensex Today | Coal India: Company contingent liability for loyalty Rs 3600 crore

August 16, 2024· 15:19 IST

Sensex Today | IPCA Laboratories launches drug Diulcus to treat diabetic foot ulcers

August 16, 2024· 15:14 IST

Sensex Today | Yes Bank appoints Sumit Bali to head the retail lending business

August 16, 2024· 15:10 IST

Sensex Today | Smarworks Coworking files DRHP; IPO includes Rs550 cr fresh issue, 6.8 mln shares OFS

August 16, 2024· 15:03 IST

August 16, 2024· 14:55 IST

Sensex Today | Ambuja Cement completes acquisition of Penna Cements

#1 PCIL has now become a subsidiary of the company effective today

August 16, 2024· 14:49 IST

Sensex Today | Suprajit Engineering posts biggest single-day gain, at record high, up 17%

August 16, 2024· 14:44 IST

Sensex Today | Franklin Templeton launches first fund since 2020 crisis

Franklin Templeton Asset Management India is set to launch the Franklin India Ultra Short Duration Fund, an open-ended fund focused on investing in India’s debt markets. This marks the asset manager’s first fund offering since it wound up six fixed-income and credit-risk funds in 2020 due to a crisis in India’s credit market. Managed by Rahul Goswami, Chief Investment Officer for India Fixed Income, and portfolio manager Pallab Roy, the fund will invest in corporate bonds, certificates of deposit, commercial papers, treasury bills, and government securities, aiming for a Macaulay duration of 3 to 6 months. The fund offer will open on August 19 and close on August 28, with the fund reopening for sale and repurchase on August 30.

August 16, 2024· 14:35 IST

Sensex Today | CDSL fixes 23 August as ex date for 1:1 bonus

August 16, 2024· 14:27 IST

August 16, 2024· 14:17 IST

Sensex Today | Croissance wins Nandi Hills construction order worth Rs 50 crore

August 16, 2024· 14:12 IST

Brokerage Call | Jefferies downgrade Nazara Technologies to 'underperform', target Rs 720

#1 Q1 results missed estimates due to continued weakness in most segments

#2 Unclear success rates on recent acquisitions, adds to execution risks

#3 Raise FY25/27 revenue/EBITDA estimates by 24-36 percent

#4 Cut earnings by 6-29 percent to factor acquisitions

August 16, 2024· 14:11 IST

Sensex Today | 9.07 million shares of Canara Bank traded in three different blocks: Bloomberg

August 16, 2024· 14:07 IST

Sensex Today | Spot USDINR to trade between 83.75-84.25: Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas

Indian Rupee declined on Friday on gains in the US Dollar and elevated crude oil prices. However, positive tone in the domestic markets supported the Rupee at lower levels.

US Dollar gained on Thursday on better than expected economic data from US. US retail sales increased by 1% in July vs forecast of 0.4% while weekly unemployment claims fell to 227,000 vs forecast Empire State Manufacturing Index improved to -4.7 in August vs forecast of -6. However, industrial production declined by 0.6% in July vs forecast of -0.3%.

We expect Rupee to trade with a slight negative bias on strong US Dollar and geopolitical tension in the Middle East between Israel and Iran. However, positive global markets may support the rupee at lower levels. Traders may take cues from US consumer confidence and housing data today. USDINR spot price is expected to trade in a range of Rs 83.75 to Rs 84.25.

August 16, 2024· 14:02 IST

Markets@2 | Sensex up 1130 points, Nify at 24500

The Sensex was up 1,133.88 points or 1.43 percent at 80,239.76, and the Nifty was up 343.60 points or 1.42 percent at 24,487.40. About 2171 shares advanced, 1187 shares declined, and 98 shares unchanged.
NIFTY 50 Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Wipro514.153.849.03m
Tech Mahindra1,571.253.072.10m
Shriram Finance2,981.652.99693.01k
M&M2,824.402.883.32m
LTIMindtree5,581.152.83334.82k
ICICI Bank1,191.552.577.19m
TCS4,401.252.472.33m
Tata Motors1,088.402.457.93m
BPCL332.852.46.40m
Grasim2,571.202.34519.97k
NIFTY 50 Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
Divis Labs4,634.45-0.59410.36k
Sun Pharma1,732.75-0.511.24m
SBI Life Insura1,691.70-0.02379.37k
Dr Reddys Labs6,800.00-0.02299.16k

August 16, 2024· 14:00 IST

Sensex Today | BSE Information Technology index up 2.4%; Zensar Tech, Mpahsis, Kellton Tech, among major gainers

CompanyCMPChg(%)Volume
Zensar Tech794.907.14150.60k
MphasiS2,901.556.828.55k
Kellton Tech156.156.48109.36k
Newgen Software1,087.005.9712.53k
C. E. Info Syst2,233.105.712.78k
L&T Technology5,197.905.6824.51k
Birlasoft596.605.42350.45k
D-Link India546.055.28.83k
Moschip Tech245.804.77385.68k
Ramco System387.604.734.85k

August 16, 2024· 13:59 IST

Brokerage Call | Morgan Stanley keeps 'overweight' rating on Apollo Hospitals, target Rs 7,110

#1 Consolidated EBITDA after 24x7 cost was Rs 670 crore, in-line with estimate & consensus estimate

#2 Net profit (after minority interests) came in at Rs 310 crore

August 16, 2024· 13:52 IST

Sensex Today | India VIX down 6%

August 16, 2024· 13:49 IST

Brokerage Call | JPMorgan keeps 'overweight' call on DLF, target raises to Rs 1,000

#1 Believe company will surpass a coveted USD 1 billion operating cash flow at group level in FY25

#2 Company riding a strong sales cycle & compounding of free cash at its rental business

#3 This opens up significant strategic flexibility at group level on acquisitions

#4 See upside to pre-sales, margin & cash flow in FY25

August 16, 2024· 13:43 IST

Brokerage Call | Nomura maintains 'buy' rating on IPCA Laboratories, target raises to Rs 1,502

#1 Earnings ahead of estimates; international revenues weak

#2 Low costs & a sustained EBITDA recovery at Unichem were key positives

#3 International sales were impacted by technical & supply chain issues

#4 But these issues should be addressed in due course

#5 For FY25 management now expects standalone revenue growth of 9 percent (previously 10.5-11 percent)

#6 Projects EBITDA margin at 18.5-19.5 percent (previously 18.0-18.5 percent)

#7 Forecast a 25 percent earnings CAGR over FY25-27

#8 Raise FY25F/26 EPS by 6 percent/3 percent on likely declined costs

August 16, 2024· 13:40 IST

Sensex Today | Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer, among others trade ex-dividend

Coal India, Power Grid Corporation of India, Apollo Hospitals Enterprise, Astral, Bata India, Macrotech Developers, Abirami Financial Services, Alkali Metals, Anuh Pharma, Bella Casa Fashion & Retail, Bharti Hexacom, Bharat Highways InvIT, Capital Small Finance Bank, Cochin Minerals & Rutile, Comfort Fincap, Comfort Intech, Compucom Software, Container Corporation of India, Elcid Investments, Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer Products, Godawari Power & Ispat, KK Shah Hospitals, NGL Fine-Chem, National Highways Infra Trust, NR Agarwal Industries, Page Industries, Premco Global, Ram Ratna Wires, Rossari Biotech, Steelcast, Thomas Cook, Thyrocare Technologies, Transindia Real Estate

August 16, 2024· 13:34 IST

Sensex Today | Nifty Healthcare index up 0.5%; Glenmark India, Abbott India among major gainers

CompanyCMPChg(%)Volume
Glenmark1,571.805.414.35m
Abbott India27,887.703.0813.96k
Dr Lal PathLab3,304.953.03145.28k
Fortis Health536.002.651.19m
Biocon335.702.461.65m
Apollo Hospital6,674.302.43468.72k
Pfizer5,898.952.2126.01k
Zydus Life1,184.551.21.62m
Lupin2,093.800.96816.22k
Cipla1,574.900.71380.84k

August 16, 2024· 13:32 IST

Stock Market LIVE Updates | Sakthi Sugars shares gain despite Q1 profit falls

#1 Profit plunges 30 percent to Rs 57.9 crore Vs Rs 82.5 crore, YoY

#2 Revenue grows 5.5 percent to Rs 393.6 crore Vs Rs 373.2 crore, YoY

August 16, 2024· 13:28 IST

Stock Market LIVE Updates | Pitti Engineering shares up 3% as Q1 profit jumps 47%

#1 Profit zooms 47.1 percent to Rs 20.5 crore Vs Rs 13.97 crore, YoY

#2 Revenue grows 32.1 percent to Rs 382.8 crore Vs Rs 289.8 crore, YoY

#3 Other income rises to Rs 3.9 crore Vs Rs 0.9 crore, YoY

August 16, 2024· 13:25 IST

Sensex Today | BSE FMCG index up nearly 1%; Dalmia Sugar, Prataap Snacks, Tasty Bite, among major gainers

BSE FMCG Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Dalmia Sugar409.706.511.77k
Prataap Snacks 883.655.7429.00k
Tasty Bite10,404.555.48453
Eveready Ind468.054.5255.72k
CCL Products692.004.4118.05k
Avadh Sugar 665.004.3512.58k
LT Foods326.504.28149.72k
Manorama Indust800.304.259.29k
GRM Overseas240.354.2363.47k
Godfrey Phillip4,522.854.186.03k

August 16, 2024· 13:22 IST

August 16, 2024· 13:20 IST

Brokerage Call | HSBC initiates 'buy' rating on Ola Electric, target Rs 140

#1 Despite conservative view on EV penetration in India along with other uncertainties

#2 Believe Ola is worth investing in given sustained regulatory support

#3 Ola’s has the ability to reduce costs, with positive risk-reward in its battery venture

#4 Slower penetration of e2-wheelers & battery plant issues are key downside risks

August 16, 2024· 13:17 IST

Stock Market LIVE Updates | Max India shares fall 5% as losses double in Q1

#1 Loss doubles to Rs 26.97 crore Vs loss of Rs 12.2 crore, YoY

#2 Revenue plunges 34.8 percent to Rs 26.5 crore Vs Rs 40.67 crore, YoY

August 16, 2024· 13:13 IST

August 16, 2024· 13:09 IST

Sensex Today | 1.48 million shares of Jindal Stainless traded in a block: Bloomberg

August 16, 2024· 13:06 IST

Brokerage Call | Jefferies keeps 'buy' rating on Max Financial Services, target Rs 1,270

#1 Saw weaker VNB growth of 3 percent YoY despite 31 percent rise in premium

#2 Weaker mix dragged margins

#3 Company is benefiting from ramp-up of e-com, agency and integration with Axis

#4 Encouraged to see management indicate limited impact of new SV norms on margin

#5 Limited impact of SV norms will aid mid-teen growth in VNB over FY26-27

August 16, 2024· 13:03 IST

Markets@1 | Sensex up 960 points, Nifty above 24400

The Sensex was up 960.72 points or 1.21 percent at 80,066.60, and the Nifty was up 291.10 points or 1.21 percent at 24,434.90. About 2143 shares advanced, 1195 shares declined, and 94 shares unchanged.
SENSEX Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Wipro512.853.59225.90k
Tech Mahindra1,565.852.7565.23k
Tata Motors1,089.252.57291.86k
TCS4,400.002.5279.95k
M&M2,814.102.48165.05k
HCL Tech1,662.152.2357.46k
ICICI Bank1,185.402254.74k
Infosys1,851.351.57116.07k
ITC498.651.37329.24k
Kotak Mahindra1,772.001.3677.07k
SENSEX Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
Sun Pharma1,732.50-0.5241.94k

August 16, 2024· 12:58 IST

August 16, 2024· 12:53 IST

Sensex Today | Gravita India, Uflex, Themis Medicare, among others hit 52-week high

Company52-Week HighDay’s HighCMP
Kitex Garments339.00339.00327.55
Suprajit Eng618.55618.55613.20
Gravita India2237.702237.702,222.00
Uflex630.15630.15628.60
Themis Medicare279.65279.65269.45
Ganesha Ecosph1736.651736.651,732.25
Firstsource Sol325.00325.00310.85
MPS2295.002295.002,269.75
Polyplex Corp1310.001310.001,269.85
Strides Pharma1298.501298.501,298.50

August 16, 2024· 12:49 IST

Brokerage Call | HSBC keeps 'buy' rating on Apollo Hospitals, target Rs 7,215

#1 Q1 hospitals (HCS) revenue growth led by 11 percent inpatient volume growth

#2 Other segments also grew mid-teens

#3 HCS outlook intact for 24/7 to achieve cost breakeven in 6-7 quarters

#4 HCS gross merchandise value (GMV) picking up

#5 Launch of insurance service via 24/7 platform will be key

August 16, 2024· 12:47 IST

Stock Market LIVE Updates | Brigade Group partners with abCoffee to enhance tenant experience

Brigade Group has partnered with abCoffee, grab-and-go specialty coffee, to establish outlets across its commercial office spaces in Bengaluru. Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the café experience for tenants and visitors alike.

August 16, 2024· 12:46 IST

August 16, 2024· 12:44 IST

Sensex Today | Nifty Midcap 100 index rise 1.4%; Mphasis, L&T Technology, Sona BLW, among major gainers

CompanyCMPChg(%)Volume
MphasiS2,896.056.521.03m
L&T Technology5,200.005.76380.73k
Sona BLW688.855.61.23m
Piramal Enter925.004.832.27m
AB Capital213.234.85.03m
Polycab6,650.203.69275.38k
PB Fintech1,631.853.671.24m
Oil India682.203.544.88m
Dr Lal PathLab3,312.953.28129.81k
Dixon Technolog12,295.003.2360.77k

August 16, 2024· 12:40 IST

Brokerage Call | CLSA maintains 'outperform' rating on HAL, target Rs 4,731

#1Pipeline intact & Q1 weak large engine orders pushed to Q2 & rest to H2FY25

#2 1QFY25 EBITDA down 6 percent but PAT up 14 percent YoY

#3 Orders slowed on a delay in Russia-linked programs to 2QFY25

August 16, 2024· 12:33 IST

Indices continue to trade within 1% range; Nifty's key straddle positioned at 24,300

August 16, 2024· 12:29 IST

Stock Market LIVE Updates | Savita Oil Technologies stock trades ex-buyback

August 16, 2024· 12:27 IST

Brokerage Call | Morgan Stanley keeps 'overweight' call on M&M, target Rs 3,304

#1 Company has shown good success in its past launches

#2 Found Thar five-door package also impressive

#3 Thar three-door sales stand at 5,900 units/month (last six months' average)

#4 Expect three- and five-door variants to collectively clock 8,000-9,000 unit sales/month

#5 Maintain that M&M will be fastest growing PV company

#6 See a strong jump in sales in coming months, driven by festive demand

August 16, 2024· 12:23 IST

Sensex Today | BSE Telecom index up 1%; Vindhya Telelink, GTL Infra, Railtel Corp, among major gainers

BSE Telecommunicatio Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Vindhya Telelin2,438.004.965.85k
GTL Infra2.763.3771.01m
Railtel475.552.4163.99k
INDUS TOWERS410.001.7193.44k
Tata Comm1,858.851.462.71k
OnMobile Global76.901.1835.18k
ITI283.251.1211.38k
Tejas Networks1,212.000.929.02k
Bharti Airtel1,483.400.7982.32k
HFCL132.250.611.52m

August 16, 2024· 12:19 IST

August 16, 2024· 12:16 IST

Stock Market LIVE Updates | Polyplex Corporation shares gain 7% post Q1 earnings

#1 Profit stands at Rs 97.1 crore Vs loss of Rs 10.3 crore, YoY

#2 Revenue grows 8 percent to Rs 1,685.6 crore Vs Rs 1,560.5 crore, YoY

#3 Other income rises to Rs 25.92 crore Vs Rs 12.42 crore, YoY

August 16, 2024· 12:10 IST

Stock Market LIVE Updates | Sensex up 1,000 points

August 16, 2024· 12:07 IST

Stock Market LIVE Updates | Power Mech shares up 2% on order win worth Rs 114.30 crore

The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.

August 16, 2024· 12:01 IST

Markets@12 | Sensex, Nifty up 1% each

August 16, 2024· 11:58 IST

Sensex Today | Nifty FMCG index up 0.5%; Godrej Consumer, Emami, United Breweries, among major gainers

CompanyCMPChg(%)Volume
United Brewerie1,964.153.84226.52k
Godrej Consumer1,391.301.47211.70k
Emami815.751.3589.32k
Colgate3,513.201.29215.66k
Dabur India611.901.24754.49k
ITC496.700.914.37m
P and G16,920.250.845.47k
Marico654.250.62593.55k
Nestle2,489.550.6226.56k
TATA Cons. Prod1,173.000.47218.16k

August 16, 2024· 11:53 IST

Immediate support for Nifty at 24,100: Shrey Jain Founder and CEO SAS Online

Benchmark equity indices are trading higher, buoyed by positive momentum from Wall Street, anticipation of a rate cut by the Federal Reserve in September, and strong US retail sales figures that have alleviated recession fears.

However, we believe the upside potential may be limited, with Nifty unlikely to surpass the 24,500 level. On the downside, 24,100 is expected to provide immediate support. The 24,200 Call strike in Nifty has a notable open interest of around 25 lakh shares, while the 24,200 Put strike shows significant open interest of approximately 20 lakh shares.

Given the current market conditions, we anticipate Bank Nifty will encounter selling pressure at higher levels, with major resistance at 50,500. On the downside, 49,500 is expected to serve as a support level.

August 16, 2024· 11:46 IST

Brokerage Call | Jefferies keeps 'buy' rating on HAL, target Rs 5,725

#1 Q1 revenue was 3 percent above expectations

#2 EBITDA was lower as margins contracted 440 bps to 22.8 percent

#3 Depreciation was 27 percent lower YoY and contributed to the profit beat

#4 Believe strong order book gives confidence of double-digit growth for 3-5 years

#5 Volatile Margin should pick-up in H2 with revenue delivery

August 16, 2024· 11:45 IST

Sensex Today | BSE Bank index up nearly 1%; ICICI Bank, Canara Bank, HDFC Bank, among major gainers

CompanyCMPChg(%)Volume
ICICI Bank1,179.501.49159.21k
Canara Bank107.001.289.09m
HDFC Bank1,621.850.87229.05k
Kotak Mahindra1,761.000.7445.27k
Bank of Baroda241.050.6982.00k
SBI808.250.66199.48k
Yes Bank24.110.55.06m
Axis Bank1,155.600.2651.44k
IndusInd Bank1,341.700.2327.81k
Federal Bank202.750.0241.63k

August 16, 2024· 11:42 IST

August 16, 2024· 11:34 IST

Stock Market LIVE Updates | Broader indices outperform benchmarks

NSE Indian Indices Performance
IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY 5024324.15
0.75
11.93
-0.18
-1.17
24.96
NIFTY BANK50150.30
0.85
3.85
-0.66
-4.29
14.12
NIFTY Midcap 10057219.85
1.19
23.90
0.08
-0.77
51.37
NIFTY Smallcap 10018335.55
1.37
21.08
-0.41
-3.81
56.33
NIFTY NEXT 5072149.60
0.71
35.25
-0.78
-2.40
63.94

August 16, 2024· 11:28 IST

JNK India shares hit 5% upper circuit on major PSU order win, stock up 18% since April listing

JNK India share price hit the upper price band in August 16 trading session after the heating equipment maker bagged a major order from PSU firm Hindustan Petroleum Corporation Limited (HPLC). The counter opened gap-up with a gain of 3.14 percent today and touched an intraday high of Rs 735 per share on the National Stock Exchange (NSE), hitting the 5 percent upper price band from its previous close of Rs 700 apiece. The scrip gained after two days of consecutive fall. READ MORE

August 16, 2024· 11:21 IST

SC ruling on royalty negative for mining companies, but impact on profitability likely to be limited: Report

The Supreme Court (SC), earlier this week, allowed state governments to collect mining companies' tax dues pending from April 1, 2005.. While the Supreme Court ruling has been against expectations and sentiment negative, the financial implications and cash flow impact are not expected to be severe for most companies, said Motilal Oswal Financial Services (MOFSL) in a recent report. READ MORE

August 16, 2024· 11:16 IST

Stock Market LIVE Updates | Nifty Realty index top sectoral performer, gains over 1%

NSE Indian Indices Performance
IndexCMP Chg(%)YTD(%) 1 Week(%)1 Month(%) 1 Year(%)
NIFTY AUTO25276.75
0.73
35.76
-0.28
-0.81
63.87
NIFTY IT40432.45
1.76
13.85
3.56
3.30
29.54
NIFTY PHARMA21978.55
-0.16
30.58
-1.04
5.84
42.73
NIFTY FMCG61357.80
0.09
7.67
-1.29
1.18
18.42
NIFTY PSU BANK6809.45
0.52
19.18
-2.64
-8.05
50.36
NIFTY METAL8891.10
0.53
11.45
-1.63
-8.55
37.12
NIFTY REALTY1042.15
1.86
33.09
1.95
-7.47
95.36
NIFTY ENERGY42315.20
0.04
26.43
-2.08
-2.06
59.43
NIFTY INFRA9047.65
0.24
23.88
-1.30
-3.03
50.39
NIFTY MEDIA2045.70
1.4
-14.34
-2.66
-1.84
-8.91

August 16, 2024· 11:10 IST

Sensex Today | BSE Oil & Gas index gains 0.5%; Oil India, HPCL, Petronet LNG, among major gainers

CompanyCMPChg(%)Volume
Oil India680.003.15215.68k
Petronet LNG369.051.2532.50k
HINDPETRO377.451.1868.39k
BPCL328.601.14139.71k
IOC165.200.89440.39k
GAIL228.450.77154.73k
IGL540.950.512.71k
ONGC329.250.24404.39k
Reliance2,926.200.12117.38k

August 16, 2024· 11:06 IST

Brokerage Call | Nomura keeps 'buy' rating on Hero MotoCorp, target Rs 5,663

#1 Rural Revival & Xtreme 125 key catalysts

#2 Q1 margin lower, ICE improves but EV drags

#3 EV cost reduction should address this in H2FY25

#5 Trim volume growth estimate to 6 percent for FY25/26F (7 percent earlier)

#5 Trim revenue growth by 2-3 percent on lower ASPs

August 16, 2024· 11:01 IST

Markets@11 | Nifty at 24250, Sensex up 350 points

The Sensex was up 356.36 points or 0.45 percent at 79,462.24, and the Nifty was up 106.20 points or 0.44 percent at 24,250.00. About 2011 shares advanced, 1234 shares declined, and 100 shares unchanged.
NIFTY 50 Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
Wipro509.002.84.53m
TCS4,388.902.181.38m
LTIMindtree5,545.152.17195.11k
Tata Motors1,085.002.135.06m
Hindalco633.101.873.07m
M&M2,796.451.872.17m
Shriram Finance2,948.201.83433.38k
Apollo Hospital6,622.001.63343.01k
Tech Mahindra1,543.351.24804.64k
HCL Tech1,645.951.221.13m
NIFTY 50 Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
HDFC Life674.50-1.732.49m
SBI Life Insura1,677.70-0.85212.56k
Maruti Suzuki12,129.75-0.62168.40k
Asian Paints3,007.85-0.59203.60k
Hero Motocorp5,044.85-0.54265.75k
Power Grid Corp331.90-0.484.48m
Titan Company3,387.30-0.44311.32k
Bajaj Auto9,711.65-0.3984.76k
NTPC394.95-0.354.97m
Divis Labs4,645.70-0.35194.16k

August 16, 2024· 10:59 IST

Sensex Today | Nifty PSU Bank index up 0.6%; Indian Bank, Canara Bank, IOB, among major gainers

CompanyCMPChg(%)Volume
Indian Bank560.651.87205.26k
Canara Bank106.881.166.48m
IOB60.401.162.33m
Central Bank57.751.11.37m
Bank of India116.031.081.12m
UCO Bank50.230.991.32m
JK Bank108.870.79966.17k
Bank of Mah60.980.712.23m
Punjab & Sind57.850.66456.73k
Bank of Baroda240.950.632.69m

August 16, 2024· 10:55 IST

Stock Market LIVE Updates | Dhanuka Agritech stock trades ex-buyback

August 16, 2024· 10:51 IST

Brokerage Call | Nomura maintains 'buy' rating on M&M, target Rs 3,417

#1 Thar Roxx launched at Rs 12.99 lakh onwards; potential to redefine urban SUVs

#2 Appreciate consistency with which MM has come out with successful launches

#3 Every single launch, even the facelifts & variants show a lot of effort

#4 Not merely an extension of the 3-door Thar but is substantially improved in many areas

August 16, 2024· 10:46 IST

August 16, 2024· 10:43 IST

Sensex Today | Nifty Media index up 1.3%; PVR Inox, Jagran Prakashan, Zee Entertainment, among major gainers

CompanyCMPChg(%)Volume
PVR INOX1,486.053.71592.84k
JagranPrakashan90.201.22107.38k
Zee Entertain135.000.812.21m
Network 1894.610.811.34m

August 16, 2024· 10:41 IST

Brokerage Call | Jefferies keeps 'buy' rating on GMR Airports, target raises to Rs 106

#1 Q1 EBITDA ahead of estimate on 8 percent growth in pax traffic

#2 Q1 saw growth in non-aero and subsidiary revenue

#3 Company recently announced completion of simplification of holding structure, re-opening of T1 At DIAL (new terminal)

#4 New tariff at DIAL is expected by Q4FY25

#5 Company is focussed on growing non-aero business

August 16, 2024· 10:35 IST

Sensex Today | 1.21 million shares of Devyani International change hands in a block: Bloomberg

August 16, 2024· 10:34 IST

Sensex Today | BSE Smallcap index up 1%; Kitex Garments, RHI Magnesita, Suprajit Engineering among major gainers

CompanyCMPChg(%)Volume
RHI Magnesita656.3510.95129.24k
Suprajit Eng591.559.8107.56k
Kitex Garments314.359.49505.48k
Suven Life Sci141.008.890.11k
Jindal PolyFilm812.658.818.02k
Polyplex Corp1,290.008.76148.74k
Gravita India2,118.908.6548.89k
Uflex606.807.8826.48k
Subros738.657.6529.67k
TD Power System438.207.28158.13k

August 16, 2024· 10:32 IST

Stock Market LIVE Updates | Hinduja Global Solutions shares trade lower post Q1 results

#1 Loss stands at Rs 57 crore Vs Profit at Rs 16.64 crore, YoY

#2 Revenue falls 3.7 percent to Rs 1,091.9 crore Vs Rs 1,133.5 crore, YoY

August 16, 2024· 10:27 IST

Sensex Today | Nifty50 index falls 110 points from day's high

August 16, 2024· 10:26 IST

Stock Market LIVE Updates | BSE Sensex falls 400 points day's high

August 16, 2024· 10:23 IST

August 16, 2024· 10:20 IST

Stock Market LIVE Updates | KNR Constructions shares gain post Q1 earnings

#1 Profit jumps 24.6 percent to Rs 166 crore Vs Rs 133.2 crore on strong operating numbers, YoY

#2 Revenue rises 0.4 percent to Rs 985 crore Vs Rs 981 crore, YoY

August 16, 2024· 10:16 IST

Stock Market LIVE Updates | Cera Sanitaryware stock trades ex-buyback

August 16, 2024· 10:08 IST

August 16, 2024· 10:04 IST

Stock Market LIVE Updates | A F Enterprises trades ex-rights

August 16, 2024· 10:01 IST

Markets@10 | Sensex up 480 points, Nifty at 24300

The Sensex was up 485.85 points or 0.61 percent at 79,591.73, and the Nifty was up 155.90 points or 0.65 percent at 24,299.70. About 2110 shares advanced, 988 shares declined, and 109 shares unchanged.
NIFTY 50 Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
LTIMindtree5,589.002.97132.00k
Apollo Hospital6,699.502.82229.05k
M&M2,812.052.431.60m
TCS4,394.952.32935.33k
Wipro506.002.192.30m
Tata Motors1,084.452.083.57m
Grasim2,561.751.9698.86k
Hindalco632.751.822.27m
Shriram Finance2,943.351.67204.21k
BPCL330.401.652.38m
NIFTY 50 Top Stock Losers (Intra-day)
CompanyCMPChg(%)Volume
HDFC Life675.75-1.541.71m
SBI Life Insura1,677.90-0.8499.64k
Titan Company3,387.45-0.43194.83k
Asian Paints3,015.60-0.34125.08k
Sun Pharma1,735.95-0.33215.66k
NTPC395.20-0.292.31m
Bajaj Finance6,440.15-0.28174.16k
Power Grid Corp332.80-0.212.98m
Bharti Airtel1,468.90-0.191.64m
Dr Reddys Labs6,796.00-0.0771.11k

August 16, 2024· 09:59 IST

Sensex Today | Aurobindo Pharma Eugia’s Unit-III gets warning letter from USFDA 

The company has informed that Unit-III, a Formulationmanufacturing facility of Eugia Pharma Specialities Ltd., a wholly owned subsidiary of the company, receiving Official Action Indicated (OAI) status by the US FDA.

Subsequent to OAI, the unit has received a Warning Letter. There is no impact on the existing supplies to the US markets.

August 16, 2024· 09:57 IST

Sensex Today | BSE Telecom index up 0.5%; Vindhya Telelink, Railtel Corporation, Tata Comm, among major gainers

CompanyCMPChg(%)Volume
Vindhya Telelin2,385.502.72.18k
Railtel476.152.5437.97k
Tata Comm1,861.551.611.08k
Avantel180.751.3286.14k
Optiemus Infra495.751.149.34k
INDUS TOWERS407.601.1247.46k
Tejas Networks1,212.9012.97k
ITI282.800.966.00k
HFCL132.450.76827.94k
GTL Infra2.690.756.58m

August 16, 2024· 09:54 IST

August 16, 2024· 09:50 IST

Sensex Today | Coal India, Power Grid Corporation of India, Apollo Hospitals, among others trade ex-dividend

Coal India, Power Grid Corporation of India, Apollo Hospitals Enterprise, Astral, Bata India, Macrotech Developers, Abirami Financial Services, Alkali Metals, Anuh Pharma, Bella Casa Fashion & Retail, Bharti Hexacom, Bharat Highways InvIT, Capital Small Finance Bank, Cochin Minerals & Rutile, Comfort Fincap, Comfort Intech, Compucom Software, Container Corporation of India, Elcid Investments, Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer Products, Godawari Power & Ispat, KK Shah Hospitals, NGL Fine-Chem, National Highways Infra Trust, NR Agarwal Industries, Page Industries, Premco Global, Ram Ratna Wires, Rossari Biotech, Steelcast, Thomas Cook, Thyrocare Technologies, Transindia Real Estate

August 16, 2024· 09:47 IST

Sensex Today | BSE Auto index rises 1%; M&M, Tata Motors, Bosch, among major gainers

CompanyCMPChg(%)Volume
M&M2,832.903.1789.64k
Tata Motors1,086.002.26138.01k
Bosch31,580.001.9143
Ashok Leyland250.751.74118.07k
Eicher Motors4,794.501.31503
Tube Investment3,972.551.181.22k
Balkrishna Ind2,801.450.76480
Maruti Suzuki12,291.450.752.00k
Bajaj Auto9,820.000.73970
MOTHERSON185.500.5461.80k

August 16, 2024· 09:45 IST

Stock Market LIVE Updates | Power Mech Projects bags order worth Rs 114.30 crore

The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.

August 16, 2024· 09:42 IST

Sensex Today | BSE Realty index up 2%; DLF, Prestige Estate, Godrej Properties, among major gainers

BSE REALTY Top Stock Gainers (Intra-day)
CompanyCMPChg(%)Volume
DLF853.403.8544.25k
Godrej Prop2,932.652.171.43k
Prestige Estate1,826.352.118.72k
Oberoi Realty1,745.001.72.53k
Brigade Ent1,137.551.451.24k
Macrotech Dev1,304.301.47.64k
Sobha1,712.850.931.01k
Swan Energy676.600.6519.28k
Mahindra Life589.800.351.87k

August 16, 2024· 09:39 IST

Sensex Today | 7.8% equity of Electronics Mart India change hands in a block: Bloomberg

August 16, 2024· 09:37 IST

Stock Market LIVE Updates | Tata Steel acquires 115.92 crore ordinary equity shares of subsidiary

The company has acquired 115.92 crore ordinary equity shares of its subsidiary, T Steel Holdings Pte, for $182 million (Rs 1,528.24 crore). Post this acquisition, T Steel Holdings Pte will continue to be a wholly owned subsidiary of the company.

August 16, 2024· 09:34 IST

Sensex Today | SpiceJet Q1 net profit at Rs 158.6 crore

SpiceJet Ltd stayed in the black in the first quarter of 2024-25 with a net profit of Rs 158.6 crore for the April-June period. The profit, however, was 19.7 percent lower than the Rs 197.53 crore reported in the year-ago period, the airlines said on August 14.

Its revenue came in at Rs 1,708.24 crore, down 14.7 percent on year from Rs 2,003.5 crore in the year-ago quarter as the airline decided to reduce the scale of its operations.

August 16, 2024· 09:32 IST

Sensex Today | Nifty Bank index gains 1%; IDFC First Bank, ICICI Bank, Bank of Baroda, among major contributors

CompanyCMPChg(%)Volume
IDFC First Bank71.801.74.46m
Bank of Baroda243.151.55974.91k
ICICI Bank1,179.401.531.47m
IndusInd Bank1,354.901.26566.01k
AU Small Financ609.651.0993.31k
Axis Bank1,163.900.94812.17k
HDFC Bank1,622.200.92.62m
Kotak Mahindra1,761.000.75259.74k
SBI808.600.71.35m
Bandhan Bank190.910.481.39m

August 16, 2024· 09:30 IST

Sensex Today | Bheema Cements, Rapid Investments, among others to announce results today

Bheema Cements, Rapid Investments, Sharanam Infraproject and Trading, and Shri Venkatesh Refineries will release their quarterly earnings scorecard on August 16.

August 16, 2024· 09:29 IST

Stock Market LIVE Updates | HDFC Life Insurance gets GST tax demand order of Rs 112.21 crore

HDFC Life Insurance Company has received GST Order from Commercial Tax Officer, Ward 8, Chandigarh on August 14, 2024 with tax demand of Rs 56.73 crore, interest of Rs 49.80 crore and penalty of Rs 5.68 crore.

August 16, 2024· 09:27 IST

Brokerage Call | HSBC initiates 'buy' rating on Ola Electric, target Rs 140

#1 Despite conservative view on EV penetration in India along with other uncertainties

#2 Believe Ola is worth investing in given sustained regulatory support

#3 Ola’s has the ability to reduce costs, with positive risk-reward in its battery venture

#4 Slower penetration of e2-wheelers & battery plant issues are key downside risks

August 16, 2024· 09:25 IST

Stock Market LIVE Updates | Jio Financial incorporates subsidiary to distribute financial products

Jio Financial Services has incorporated a wholly owned subsidiary named Jio Finance Platform and Service to carry on the business of distribution of financial products and allied services.

The company will invest an amount of Rs 1 Lakh towards initial subscription of 10,000 equity shares of face value Rs 10 each.

August 16, 2024· 09:23 IST

Sensex Today | Nifty Information Technology index up 1.5%; MphasiS, Persistent Systems, L&T Technology Services top gainers

CompanyCMPChg(%)Volume
MphasiS2,810.253.3662.42k
Persistent4,923.553.3589.72k
L&T Technology5,057.602.8632.83k
COFORGE LTD.6,025.002.6430.25k
LTIMindtree5,531.701.9224.62k
Tech Mahindra1,552.401.84300.03k
TCS4,360.901.53242.65k
HCL Tech1,646.601.26284.96k
Wipro501.101.2450.27k
Infosys1,839.300.881.14m

August 16, 2024· 09:22 IST

Stock Market LIVE Updates | Promoter Vedanta to sell 3.17% stake in Hindustan Zinc

Promoter Vedanta will be selling a 3.17% stake in Hindustan Zinc through an offer-for-sale (OFS) from August 16-19. The OFS will have a base size of 1.22% with an option to sell an additional 1.95% stake in case of oversubscription. The floor price has been fixed at Rs 486 per share.

August 16, 2024· 09:20 IST

Sensex Today | Gainers and Losers on the BSE Sensex in the early trade:

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