Stock Market LIVE: Sensex up 670pts, Nifty at 25,030; broader markets, IT, metal, O&G, Realty surge | News on Markets
1:33 PM
Shares of RPSG Ventures (RVL) were locked in upper circuit of 20 per cent at Rs 1,242.40 on the BSE in Monday’s intra-day trade amid heavy volumes. This is also the stock’s new all-time high.
This Ashish Dhawan-owned RP-Sanjiv Goenka Group stock zoomed 20% today
Shares of RPSG Ventures (RVL) were locked in upper circuit of 20 per cent at Rs 1,242.40 on the BSE in Monday’s intra-day trade amid heavy volumes. This is also the stock’s new all-time high.
In the past seven trading sessions, the stock of the RP Sanjiv Goenka Group has zoomed 66 per cent from Rs 748.30, it was on, on August 14, 2024.
The average trading volumes on the counter also jumped four-fold, with a combined 1.9 million equity shares, representing 5.7 per cent of the total equity of the company, having changed hands on the NSE and BSE. There are pending buy orders for a combined 110,000 shares on these exchanges, data showed. Read more
1:08 PM
Stock Market LIVE Updates: Market check; Nifty trades above 25,000 mark
The benchmark NSE Nifty50 was trading 0.83 per cent or 206 points higher at 25,030 levels, while the BSE Sensex was trading 0.84 per cent higher at 81,761 levels.
12:55 PM
The real estate sector, JM Financial said, reached its highest-ever absorption rate in the previous financial year. Pan-India absorption rose by approximately 20.1 per cent year-on- year (Y-o-Y) (basis area absorbed), while supply increased by about 11.5 per cent Y-o-Y. Thus, the brokerage believes, the real estate sector is heading into a strong year ahead.
“With historically low inventory levels, increasing disposable income, and limited supply expansion, the residential real estate sector is set to continue its upward trajectory,” JM Financial said in a report. Read more
Stock Market LIVE Updates: JM Financial initiates coverage on real estate; bets on THESE 5 stocks
The real estate sector, JM Financial said, reached its highest-ever absorption rate in the previous financial year. Pan-India absorption rose by approximately 20.1 per cent year-on- year (Y-o-Y) (basis area absorbed), while supply increased by about 11.5 per cent Y-o-Y. Thus, the brokerage believes, the real estate sector is heading into a strong year ahead.
“With historically low inventory levels, increasing disposable income, and limited supply expansion, the residential real estate sector is set to continue its upward trajectory,” JM Financial said in a report. Read more
12:39 PM
Stock Market LIVE Updates: Shilpa Medicare hits fresh high on successful trial of liver fibrosis drug
Shares of Shilpa Medicare rallied more than 11 per cent in Monday’s intra-day trading session to hit an all-time high of Rs 778.20, after the company announced the successful completion of the Phase 3 trials of its non-alcoholic fatty liver disease (NADLD) drug that it calls NorUDCA. Read more
12:23 PM
The benchmark indices, Sensex and Nifty started the week with optimism, riding high on the bulls on Monday. The BSE Sensex soared 734 points to 81,820 levels, while NSE’s Nifty50 reclaimed 25,000 mark, surging 0.88 per cent or 220 points to 25,053 at an intraday level.
The broader markets also showed strength with the BSE MidCap index rising 0.66 per cent at 48,627 levels, while the BSE SmallCap index scaled a new record high at 56,066, jumping 385 points or 0.69 per cent in intraday trade. Read more
This is why Sensex scaled over 700 pts, SmallCap index hit fresh high today
The benchmark indices, Sensex and Nifty started the week with optimism, riding high on the bulls on Monday. The BSE Sensex soared 734 points to 81,820 levels, while NSE’s Nifty50 reclaimed 25,000 mark, surging 0.88 per cent or 220 points to 25,053 at an intraday level.
The broader markets also showed strength with the BSE MidCap index rising 0.66 per cent at 48,627 levels, while the BSE SmallCap index scaled a new record high at 56,066, jumping 385 points or 0.69 per cent in intraday trade. Read more
12:21 PM
Stock Market LIVE Updates: BHEL bags large order worth Rs 11,000 cr
Bharat Heavy Electricals Limited, the Indian central public sector undertaking and the largest government-owned power generation equipment manufacturer bagged work order worth Rs 11,000 crore from Adani Power.
“Bharat Heavy Electricals Limited (BHEL) has signed contract agreement with Adani Power Ltd. and its subsidiary (Mahan Energen Ltd.) for setting up 3 nos. Supercritical Thermal Power projects (each of 2×800 MW rating) in Kawai, Rajasthan & Mahan, Madhya Pradesh,” the company said in an exchange filing.
“Bharat Heavy Electricals Limited (BHEL) has signed contract agreement with Adani Power Ltd. and its subsidiary (Mahan Energen Ltd.) for setting up 3 nos. Supercritical Thermal Power projects (each of 2×800 MW rating) in Kawai, Rajasthan & Mahan, Madhya Pradesh,” the company said in an exchange filing.
12:02 PM
Stock Market LIVE Updates: Market check; Sensex trades nearly 600 pts higher
The benchmark BSE Sensex was trading 594 points 0.73 per cent higher at 81,680 levels. While the NSE’s Nifty50 was trading 0.75 per cent or 185 points higher at 25,009 levels.
11:47 AM
Stock Market LIVE Updates: Ramkrishna Forgings, Balkrishna Ind: Stock strategies for Janmashtami 2024
Stock Market LIVE Updates: Today, August 26, the world celebrates the festival of Janmashtami to honour the birth of Lord Krishna. In India the festival is celebrated with much gusto given the significance of the birth and early childhood places such as Mathura and Vrindavan in the country. READ MORE
11:42 AM
Stock Market LIVE Updates: This defence stock has zoomed 110% from June low; raised Rs 1000 cr via QIP
Stock Market LIVE Updates: Zen Technologies share price today hit a record new high of Rs 1,876.05, up 5 per cent on the BSE in Monday’s (August 26) intraday trade. The rise in the share price came after the company successfully raised Rs 1,000 crore through its first-ever qualified institutional placement (QIP). READ MORE
11:35 AM
Stock Market LIVE Updates: Hinduja Global up 4% as Singapore-based Legends Global buys 1.5% stake
Stock Market LIVE Updates: Shares of Hinduja Global Solutions had climbed more than 4 per cent after Singapore-based Legends Global Opportunities (Singapore) Pte fund bought a 1.52 per cent stake in the company at an average price of Rs 885.11 per share. READ MORE
11:20 AM
Stock Market LIVE Updates: Orient Technologies IPO allotment; Check status, GMP & likely listing price
Stock Market LIVE Updates: The allotment of shares for Orient Technologies IPO is set to be finalised today, August 7, 2024. The three-day subscription window to bid for the Orient Technologies IPO closed on August 23, 2024. READ MORE
10:55 AM
Stock Market LIVE Updates: KEC International share price zooms 9%
Stock Market LIVE Updates: KEC International share price soared up to Rs 916.95 per share, zooming 9.16 per cent on the BSE in Monday’s intraday trade. The stock price jumped after the company won new work orders on Friday, worth Rs 1,073 crore. READ MORE
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