Stock Market Today

Date: 30th September 2024 Stock Market Highlights

Bears dominated the stock market today, causing the BSE Sensex to plummet over 1,300 points and dragging Nifty below 25,800 during the day, amidst escalating geopolitical tensions and in anticipation of Federal Reserve Chair Jerome Powell's upcoming speech.

• Sensex was down by 1272.07 points or 1.49%, closing at 84,299.78
• Nifty concluded the day at 25,810.85, decreasing by 368.1 points or 1.41%.
• Bank Nifty ended the day with a fall of 856.2 points or 1.59% at 52,978.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Metal and media indices rose 1% each.
• Auto, bank, IT, telecom, pharma, and realty indices declined 1-2%.
• The BSE midcap index saw marginal losses, while the smallcap index ended flat.

Market Update

• Persistent Systems plans to acquire Arrka, a Pune-based data privacy company.
• BSE revises transaction charges for Sensex and Bankex Options.
• Manaksia Coated Metals wins a Rs 200 crore European contract.
• Tata Group may set up its first overseas defence manufacturing plant in Morocco.
• EDEL Finance Company and Ecap Equities sell a 6.2% stake in Nuvama Wealth Management.
• Shapoorji Pallonji sells a 5.78% stake in Sterling and Wilson Renewable Energy.
• Max Estates' Gurugram Estate 360 project secures Rs 4,100 crore in pre-sales within 30 days.
• USFDA issues EIR for Piramal Pharma's manufacturing facility in Ahmedabad.
• LIC reduces its stake in Mahanagar Gas from 9.03% to 6.939%.
• USFDA classifies an inspection of Jubilant Pharmova's facility as OAI.
• Lupin shares drop after USFDA inspection results in three observations.
• Welspun Corp shares rise on an order win from the Middle East.
• Interarch Building Products acquires 51,926 sq. mts. of land in Gujarat for a new manufacturing facility.
• L&T advances its Digital Energy Solutions business.
• Calcutta High Court upholds a Rs 780 crore arbitration award to Reliance Infrastructure.
• Paras Defence secures a Rs 305 crore order from L&T.
• NBCC bags a Rs 101 crore order from the National Highways Authority of India.
• Tata Motors plans a Rs 9,000 crore investment in a new vehicle manufacturing facility in Tamil Nadu.
• Asian Energy Services receives an Rs 82 crore contract from Oil India.
• Mangalore Chemicals resumes ammonia and urea production.
• USFDA completes inspection at Aurobindo Pharma’s Apitoria unit in Telangana, raising 10 observations.
• LTIMindtree partners with Currys, a UK retailer of technology products and services.
• Adani Energy Solutions signs a Business Transfer Agreement with its subsidiary.
• Shakti Pumps to consider issuing bonus shares.
• Zen Technologies secures a patent for its Infantry Virtual Training Simulation System.
• Dr Reddy’s Laboratories invests $620 million in preference shares of its subsidiary.
• IDFC First Bank board approves the amalgamation of IDFC Financial Holding with IDFC.
• Rail Vikas Nigam emerges as the lowest bidder for a Rs 180 crore project.
• SBI Cards and Singapore Airlines to launch co-branded credit cards.
• Jindal Stainless partners with CJ DARCL for steel containers.
• Adani Enterprises signs a Share Purchase Agreement with Cococart Ventures.
• IOC withdraws its proposed rights issue of up to Rs 22,000 crore.
• ICICI Prudential Life receives a tax order from the Assistant Commissioner of Income Tax.
• Mahindra Logistics and Seino completed the execution of their JV agreement.
• MCA approves a joint venture between Bharat Electronics and Israel Aerospace Industries.
• Diffusion Engineers IPO subscribed 114.49 times on the last day of the bidding.

Date: 27th September 2024 Stock Market Highlights

The Indian stock market faced volatility, with both Sensex and Nifty closing in the red. Largely due to profit booking in banking, real estate, and media stocks. Positive cues from global markets were overshadowed by investor caution ahead of upcoming earnings reports

• Sensex was down by 264.27 points or 0.31%, closing at 85571.85
• Nifty concluded the day at 26,178.95, decreasing by 211.90 points or 0.81%.
• Bank Nifty ended the day with a low of 541.05 points or 0.99% at 53,834.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Auto, Metal, IT, Pharma, and Oil & Gas sectors were up between 0.3% to 2.5%.
• Realty, Power, Bank, Media, FMCG, and Telecom sectors declined by 0.3% to 1%.

Market Update

• Accenture reported Q4 revenue of $16.41 billion, slightly exceeding the estimate of $16.39 billion.
• Trent and Bharat Electronics will replace Divis Laboratories and LTIMindtree in the Nifty 50 index, effective September 27.
• KP Energy secured a 30 MW wind project in Gujarat.
• Authum Investment to acquire a 26% stake in Prataap Snacks via an open offer.
• Railtel Corporation of India received a work order worth Rs 155 crore.
• Infosys entered into a strategic collaboration with Sally Beauty Holding.
• Max Healthcare will acquire a stake in Jaypee Healthcare for Rs 398 crore.
• A RITES consortium emerged as the lowest bidder for a Rs 87.58 crore project from Delhi Metro Rail Corporation.
• Zydus Life to develop an Osteoporosis drug in collaboration with CSIR-Central Drug Research Institute, Lucknow.
• LTIMindtree established a new subsidiary, LTIMindtree Consulting Brazil Ltd., in Brazil.
• SJVN signed MoUs with the Maharashtra government for the development of PSPs and FSPs.
• Systematix Corporate Services approved a stock split, dividing one Rs 10 face value equity share into 10 equity shares with a face value of Re 1 each.
• Nazara Tech completed a Rs 150 crore investment in PokerBaazi parent Moonshine Technology despite GST challenges.
• PTC Industries received a production order from BAE Systems.
• NSE deferred a circular on trading in the T+0 rolling settlement cycle in the capital market segment.
• Biocon signed a licensing and supply agreement with Tabuk Pharmaceutical.
• Alembic Pharmaceuticals received USFDA approval for Paliperidone Extended-release tablets.
• Bondada Engineering bagged an order worth Rs 468 crore from KPI Green for the supply of materials and installation of a 130 MWp/100 MWac solar power generation plant.
• Indian Bank plans to raise up to Rs 5,000 crore through long-term infrastructure bonds.
• Piramal Enterprises sold immovable property for Rs 187 crore.
• RITES secured an order worth Rs 100 crore from Adani Ports.
• TARC approved the issuance of Non-Convertible Debentures (NCDs) worth Rs 1,000 crore.
• Zee Media Corp approved a Rs 200 crore fund raise.
• Alkem Laboratories denied claims of substandard quality for batches of Pan-D and Clavam 625.
• KRN Heat Exchanger IPO subscribed 213.41 times on the last day of the bidding.
• Diffusion Engineers IPO subscribed 27.70 times on the 2nd day of the bidding.

Date: 26th September 2024 Stock Market Highlights

The bullish momentum continued to strengthen in the stock market today as the main benchmark indices surged to new all-time highs, primarily fueled by widespread buying activity across various sectors and favourable conditions in global markets.

• Sensex was up by 666.25 points or 0.78%, closing at 85,836.12.
• Nifty concluded the day at 26,216.05, increasing by 211.90 points or 0.81%.
• Bank Nifty ended the day with a surge of 273.70 points or 0.51% at 54,375.35.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Metal and auto sectors rose by 2% each.
• FMCG and PSU Bank indices increased by 1% each.
• Capital goods index declined by 0.6%.
• The BSE Midcap index ended flat.
• The Smallcap index fell by 0.4%.

Market Update

• Zaggle Prepaid Ocean Services acquires 98.32% stake in Span Across IT Solutions.
• Prestige Group launches a luxury development in Whitefield, Bangalore.
• KPI Green Energy bags Letter of Award (LoA) for the development of a 66.20 MW project.
• SBI Mutual Fund acquires an additional 2.8% stake in KPR Mill.
• Emami incorporates a subsidiary in Bangladesh.
• ASK Automotive promoter Kuldip Singh Rathee to offload 6% stake via Offer For Sale (OFS).
• PB Fintech may explore plans to enter the healthcare sector.
• Coromandel International acquires an additional 8.82% stake in BMCC.
• Krsnaa Diagnostics plans to acquire a 23.53% stake in Apulki Healthcare for exclusive diagnostics services.
• Avantel bags an order worth Rs 3.45 crore from Bharat Electronics.
• Greenlam Industries incorporates a subsidiary in Bangladesh, named Greenlam Overseas Bengal.
• CDSL announces a uniform tariff of Rs 3.50 per debit transaction.
• Linc board approves a JV agreement with Mitsubishi Pencil.
• Royal Orchid signs a 5-star resort property in Chittorgarh, Rajasthan.
• Intellect Design launches eMACH.ai retail 6DX in the Middle East.
• EaseMyTrip enters into an exclusive agreement with PhonePe.
• Affordable Robotics gets NSE approval for migration from SME Platform (Emerge) to the main board of NSE.
• Refex Renewables board approves acquisition of 100% equity stake in Refex Green Energy.
• Cressanda Solution enters into a distributorship agreement with Bharatiyam Distribution.
• Infosys announces a strategic collaboration with Polestar.
• NCLT allows the withdrawal of an application filed by CFM Asset Reconstruction against Reliance Power.
• Vedanta to consider a fourth interim dividend on October 8.
• Carlyle Aviation Management sells a 1.42% stake in SpiceJet.
• Tata Electronics signs an agreement with Powerchip Semiconductor to set up a semiconductor fab in Dholera, Gujarat.
• Ola Electric announces the launch of the ‘Network Partner Program’.
• Power Mech bags an order worth Rs 226 crore for Operations and Maintenance (O&M) partnership with Gujarat Mineral Development Corporation.
• ZETWERK secures a second order from NTPC Renewables for Made in India solar PV modules.
• Star Health sues Telegram after a hacker uses chatbots to leak data.
• NCLT approves the merger of IDFC Financial Holding with IDFC, and the subsequent merger of IDFC into IDFC First Bank.
• NBCC bags an order of Rs 75 crore from IIIT, Nagpur.
• NTPC Green Energy Limited (NGEL) inks a JV agreement with MAHAPREIT for the development of 10 GW of renewable energy projects.
• KRN Heat Exchanger IPO subscribed 58.23 times on the second day of the bidding.
• Diffusion Engineers IPO subscribed 7.19 times on 1st day of the bidding.

Date: 25th September 2024 Stock Market Highlights

The bullish trend persisted on the stock market today, with the Nifty index closing above 26,000 for the first time, driven by energy, metal, and media sectors.

• Sensex was up by 255.83 points or 0.30%, closing at 85,169.87.
• Nifty concluded the day at 26,004.15, increasing by 63.75 points or 0.25%.
• Bank Nifty ended the day with a surge of 133.05 points or 0.25% at 54,101.65

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• BSE Midcap and Smallcap indices declined by 0.5% each.
• Power, metal, media, and realty indices gained between 0.5% and 3%.
• FMCG, PSU Bank, and IT indices were down by 0.5% to 1%.

Market Update

• Delta Corp's board approved the demerger of its hospitality and real estate business.
• PC Jeweller will consider a stock split on September 30.
• Tata Power reported a fire in the control room of a unit at its Trombay Plant.
• Max Estates received ₹391 crore from New York Life Insurance.
• Mindspace REIT partnered with Princeton Digital to develop a data center campus in India.
• Procter & Gamble Bangladesh terminated its distribution agreement with Gillette India.
• Hindustan Foods initiated a merger of its soups, spices, and seasoning manufacturing facility in Nashik.
• MCX revised transaction fees for futures and options contracts.
• Man Infraconstruction completed its Mulund project ahead of schedule.
• Biocon Biologics announced new dermatology data to be presented at the EADV Congress.
• Adani Enterprises incorporated a wholly owned subsidiary, Adani GCC.
• Adani Green Energy approved a material related party transaction through its subsidiary.
• JTL Industries signed an Investor Relations Support Service Agreement with Ernst & Young.
• Baazar Style Retail reported a loss of ₹42 lakh.
• Shriram Properties unveiled a new project in Chennai, targeting ₹600 crore in revenue.
• Coromandel International acquired a stake in Baobab Mining and Chemicals Corporation.
• Manba Finance IPO subscribed 216.39 times on the final day of the bidding.
• KRN Heat Exchanger IPO subscribed 24.58 times on the first day of the bidding.
• Diffusion Engineers IPO opens for subscription from tomorrow.

Date: 24th September 2024 Stock Market Highlights

The stock market today was unable to maintain its record levels and stopped a three-day winning streak to finish unchanged in a volatile session on September 24, after the Sensex and Nifty reached intraday highs of 85,000 and 26,000, respectively.

• Sensex was down by 14.57 points or 0.02%, closing at 84,914.04.
• Nifty concluded the day at 25,940.40, increasing by 1.35 points or 0.01%.
• Bank Nifty ended the day with a fall of 137.2 points or 0.25% at 53,968.60

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The metal index increased by 3%, while the oil & gas index rose by 0.6%, and the power index added 1.4%.
• On the downside, PSU Bank, FMCG, and telecom indices fell by 0.5-1%.
• Both the BSE midcap and smallcap indices ended the day flat.

Market Update

• AstraZeneca Pharma received approval to import, sell, and distribute Durvalumab Solution in India.
• NTPC Green Energy plans to launch a Rs 10,000-crore IPO in early November.
• GR Infra emerged as the lowest bidder for a Rs 903.5 crore Maharashtra Metro Rail project.
• Firstsource's arm acquired 100% ownership of UK-based Ascensos for USD 56 million.
• Sterling and Wilson Renewable Energy secured two domestic orders from Private IPPs valued at around Rs 512 crore.
• Power Grid won an inter-state transmission project in Gujarat.
• Coal India announced plans to set up a 2x800 MW brownfield thermal power project.
• SpiceJet finalized a settlement with Engine Lease Finance Corporation to resolve USD 16.7 million in liabilities.
• Sealmatic bagged an order for engineered mechanical seals for a supercritical power plant through BHEL.
• Reliance Power will issue up to 46.2 crore equity shares/warrants.
• Chennai Metropolitan Water Supply & Sewage Board terminated its contract with BGR Energy.
• JTL Industries will consider a stock split and bonus on Thursday, October 3, 2024.
• Medicamen Organics signed an MoU to establish Grande Etoile Pharmaceuticals.
• Manba Finance IPO subscribed 73.28 times on Day 2 of the bidding.

Date: 23rd September 2024 Stock Market Highlights

The stock market today, continued its upward momentum for the third consecutive session on September 23, reaching new record highs as the Nifty surpassed 25,950, driven by buying activities across various sectors except for Information Technology stocks.

• Sensex was up by 384.3 points or 0.45%, closing at 84,928.61.
• Nifty concluded the day at 25,939.05, increasing by 148.10 points or 0.57%.
• Bank Nifty ended the day with a surge of 312.60 points or 0.58% at 53,105.80

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• PSU Bank index rose more than 3%.
• Realty index increased by over 2%.
• Auto, energy, FMCG, metal, pharma, and media indices gained 0.5-1%.
• Information Technology index declined by 0.5%.
• BSE midcap and smallcap indices both rose by 0.7%.

Market Update

• Inox Wind signed a consortium agreement with a group of banks led by ICICI Bank for Rs 2,200 crore facilities.
• KEC International secured orders worth Rs 1,003 crore.
• Vodafone Idea inked a $3.6 billion network expansion deal with Nokia, Ericsson, and Samsung.
• Digikore Studios signed a contract with Viacom18 Media.
• Vanguard Group Inc. picked stakes in VA Tech Wabag, Sansera Engineering, and Genus Power.
• BHEL bagged a contract worth Rs 6,100 crore from NTPC.
• Hind Rectifiers received orders from Indian Railways worth more than Rs 200 crore.
• HFCL partnered with General Atomics Aeronautical Systems.
• JSW Infrastructure took delivery of a dredger to support its expansion plans.
• One Point One Solutions expanded its healthcare vertical with another contract win.
• KBC Global signed an MoU with Liberia Special Economic Zone.
• Aster DM Healthcare entered into a lease agreement with Aparna Construction.
• Surana Solar was awarded a Letter of Award for solar photovoltaic power generating stations with an aggregate capacity of 54 MW (AC).
• Bajaj Healthcare signed a development and supply agreement for API.
• MTAR Technologies bagged an order worth Rs 15.4 crore to supply full-scale combustors for next-generation engines for defence programs from DRDL.
• Tata Steel commissioned the largest blast furnace at Kalinganagar, Odisha.
• HSCC (India), a wholly-owned subsidiary of NBCC (India), was awarded work worth Rs 1,261 crore for the establishment of AIIMS in Darbhanga, Bihar.
• USFDA completed a routine GMP inspection at Dr. Reddy’s Laboratories' R&D centre.
• Manba Finance IPO subscribed 23.70 times on Day 1 of the bidding.

Date: 20th September 2024 Stock Market Highlights

In the stock market today, the bulls strengthened their grip on Dalal Street as the benchmark indices continued their upward trend for the second consecutive session, reaching new record levels amidst favourable global indicators and widespread buying across various sectors.

• Sensex was up by 1359.51 points or 1.63%, closing at 84,544.31.
• Nifty concluded the day at 25,790.95, increasing by 375.15 points or 1.63%.
• Bank Nifty ended the day with a surge of 755.60 points or 1.42% at 53,793.20

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Auto, bank, and capital goods sectors saw 1-3% gains.
• Healthcare, FMCG, power, telecom, metal, and realty sectors also increased 1-3%.
• BSE midcap index rose by 1%.
• BSE smallcap index gained 1%.

Market Update

• IndoStar's board approved the sale of its arm IndoStar Home Fin to EQT for ₹1,750 crore.
• Tata Power and Adaro International are seeking arbitration over a coal supply dispute.
• Rane Holdings acquired the remaining 51% stake in its joint venture firm RNSS from NSK, Japan.
• RBI lifted the 6-month ban on IIFL Finance's gold loan business.
• AstraZeneca Pharma is set to launch Palivizumab (Synagis) in India in October 2024.
• SEBI imposed restrictions on Axis Capital, a subsidiary of Axis Bank, barring it from new merchant banking, arranging, or underwriting assignments in the debt segment.
• Infosys announced a ₹17 crore investment in the spacetech startup GalaxEye.
• India Advantage Fund S4-I sold a 1.04% stake in EPACK Durable.
• The Bank of Japan maintained its short-term interest rate target at 0.25%.
• NTPC plans to invest ₹11,130.98 crore in the Darlipali Super Thermal Power Project.
• Interarch Building Products secured new orders worth ₹634 crore.
• A Phoenix Mills subsidiary emerged as the highest bidder for two plots.
• Indian Overseas Bank is set to receive a ₹123.9 crore refund from the Income Tax Department.
• AU Small Finance Bank partnered with Niva Bupa Health Insurance.
• Datamatics Global Services dissolved Dextara Digital (UK), its UK-based step-down subsidiary.
• Jyothy Labs acquired Quiclo to enter the laundry services industry.
• TCS expanded operations in Poland and opened a new global delivery center in Warsaw.
• Geojit Financial Services approved a rights issue priced at ₹50 per share.
• Patel Engineering was declared the lowest bidder for a project involving the modification of a diversion tunnel into a tunnel spillway arrangement.
• Nykaa incorporated a wholly-owned subsidiary in Saudi Arabia.
• Wonderla Holidays opened a new amusement park in Bhubaneswar.
• Adani Ports signed an MoU with Abu Dhabi-based Rorix Holdings to establish a commodities market ecosystem.
• Lemon Tree Hotels signed an agreement to open a 40-room hotel in Srinagar.
• Dev IT secured a major contract to develop the RERA 2.0 portal for RajCOMP Info Services.

Date: 19th September 2024 Stock Market Highlights

The stock market today continued its upward trend in Thursday's trading session, closing higher after reaching new record levels, driven by positive global signals following a 50 basis point reduction by the United States Federal Reserve

• Sensex was up by 236.57 points or 0.29%, closing at 83,184.80.
• Nifty concluded the day at 25,415.80, increasing by 38.25 points or 0.15%.
• Bank Nifty ended the day with a surge of 287.80 points or 0.54% at 53,037.60

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Auto, bank, realty, and FMCG indices rose by 0.5% each.
• Capital goods, IT, pharma, oil & gas, media, metal, and telecom sectors declined between 0.5% to 3.5%.
• The BSE Midcap index fell by 0.4%, while the Smallcap index dropped 1%.

Market Update

• BL Kashyap secured an order worth Rs 221 crore from SSS Realty.
• GRSE won a $54 million order for multi-purpose vessels from Carsten Rehder Schiffsmakle.
• NTPC Green Energy filed draft papers for a $1.2 billion IPO.
• Macrotech Developers is set to acquire Ivanhoe Warehousing’s interest in Digital Infra Platform.
• Ion Exchange secured contracts worth Rs 161 crore from Adani Power.
• GE T&D promoter entities plan to sell an 11.7% stake via OFS at Rs 1,400 floor price.
• Nazara Tech is set to raise Rs 900 crore to fund business expansion and acquisitions.
• The Government of India approved a plan to dilute up to 7% shareholding in IREDA.
• DCX Systems bagged an order worth Rs 154 crore from ELTA Systems Israel.
• IRIS signed an MoU with the Government of Telangana to support the MSME ecosystem's growth.
• GACM Technologies entered into an MoU with Waterwalk Automation.
• Tilaknagar Industries made a strategic investment of Rs 8 crore to own a stake in Round the Cocktails.
• Power Grid was declared a successful bidder for projects in Madhya Pradesh.
• Pudumjee Paper received a contract for a 15.4 MW solar power project.
• CESC's arm entered into a binding term sheet with Ecoren Energy.
• Uno Minda is expanding its capacity with new facilities in Indonesia and India.
• Power Mech Projects received an order worth Rs 865 crore.
• Bigbloc Construction placed an order for a 250 KW rooftop solar plant.
• Paradeep Phosphates' Ammonia and Urea plants in Goa resumed production.
• Firstsource set up operations in Australia and New Zealand.
• BGR Energy Systems received a revised demand order from the Deputy Commissioner of GST, Kanpur, Uttar Pradesh.
• Arkade Developers IPO and Northern Arc Capital IPO subscribed 113.49 times and 117.19 times, respectively, on the last day of the bidding.

Date: 18th September 2024 Stock Market Highlights

The stock market today surged to a new all-time high but couldn't sustain the momentum on September 18, closing in the red as investors awaited the US Federal Reserve's interest rate decision later in the day.

• Sensex was down by 131.43 points or 0.16%, closing at 82,948.23.
• Nifty concluded the day at 25,377.55, decreasing by 34.80 points or 0.16%.
• Bank Nifty ended the day with a surge of 561.75 points or 1.08% at 52,750.40

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Except for the banking sector, all other sectoral indices ended in the red.
• The IT index declined by more than 3%.
• Auto, pharma, metal, and oil & gas indices dropped between 0.5% to 1%.
• The BSE Midcap index fell by 0.7%, while the Smallcap index was down by 0.5%.

Market Update

• Vakrangee partnered with Star Health to offer health insurance products.
• SKF India initiated the separation of its automotive business, with plans to list separately on Nasdaq Stockholm.
• Torrent Power won a 1,500 MW pumped hydro storage project in Maharashtra.
• Ceigall India emerged as the L1 bidder for a project worth Rs 1,199 crore.
• IGREL Renewables signed a LoI with Inox Wind for executing 550 MW wind capacity on a turnkey basis.
• Ambit Investment Advisors bought a 1.5% stake in Menon Bearings.
• BNP Paribas Financial Markets acquired an 8.6% stake in Remsons Industries.
• Reliance Infrastructure reached a one-time settlement with Edelweiss Asset.
• Metro Bank of the UK entered a long-term collaboration with Infosys.
• Reliance Infra completed a one-time settlement with LIC for the full obligations of NCDs, totaling Rs 600 crore.
• The government approved the NPCIL-NTPC JV for nuclear power projects.
• Intellect Design Arena launched eMACH.ai Wealthforce.AI in the Middle East.
• USFDA issued an EIR for Eugia Steriles’ new injectable unit of Aurobindo Pharma in Parawada Mandal, Andhra Pradesh.
• TCS signed a deal with McDonald’s Philippines to modernize the IT landscape for its 760+ restaurants.
• Tata Power secured a 400 MW project.
• NSE set November 2 as the record date for a 4:1 bonus share issue.
• Lupin entered into a non-exclusive patent licensing agreement with Takeda.
• Blackstone’s Care Hospitals are in advanced talks for a merger with Aster DM Healthcare.
• Heritage Foods approved the setup of a Rs 204 crore ice cream plant.
• Bondada Green Engineering received work orders worth Rs 10.20 crore from Bharti Airtel.
• Apollo Micro was shortlisted for the transfer of technology (ToT) of PRACHAND Munition Hardware.
• The Cabinet approved a Rs 24,475 crore nutrient-based fertilizer subsidy.
• KCK Industries approved a stock split of 1 equity share of Rs 10 each into 5 equity shares of Rs 2 each.
• Aurobindo Pharma agreed to acquire the remaining 49% stake in GLS Pharma for Rs 22.5 crore.
• Western Carriers (India) IPO subscribed 14.54 times on the final day.
• Arkade Developers IPO and Northern Arc Capital IPO subscribed 31.60 times and 21.45 times, respectively, on the third day of the bidding. The IPOs will close tomorrow.

Date: 17th September 2024 Stock Market Highlights

The stock market today continued its upward momentum for the second straight day, closing at record highs on September 17. This positive trend comes as investors anticipate the US Federal Reserve’s upcoming monetary policy decision, with expectations of a 25-basis point interest rate cut.

• Sensex was up by 90.88 points or 0.11%, closing at 83,079.66.
• Nifty concluded the day at 25,418.55, increasing by 34.80 points or 0.14%.
• Bank Nifty ended the day with a surge of 35.50 points or 0.07% at 52,188.65

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Strong performances in the telecom, auto, and construction sectors drove the market rally.
• The metal and pharma ended in the red.
• In the broader market, BSE Midcap and BSE Smallcap indices declined by up to 0.1%.
• India VIX, which measures market volatility, increased by 1% to settle at 12.6.

Market Update

• JK Tyre's board approved the merger of Cavendish Industries with the company.
• Indo Count's arm acquired an 81% stake in Fluvitex USA for $19.63 million.
• Globus Spirits launched its first single malt whisky under the brand DŌAAB India Craft Whisky.
• Firstsource partnered with Microsoft Azure OpenAI for digital transformation offerings.
• Torrent Power will execute a 5 GW project in Gujarat.
• Panacea Biotec and Sanofi Healthcare India entered into a settlement agreement.
• RateGain was recognized as a preferred partner by Trip.com.
• SEBI accelerated the bonus-issue process, with shares to be available for trading on T+2.
• JBM Auto's arm secured $100 million funding from the ADB and Asian Infra Bank.
• Nureca expanded its reach through a new distribution agreement.
• Zydus LIFE acquired the API business from Sterling Biotech for ₹84 crore.
• RailTel Corporation received a work order from Health Insurance TPA.
• Bajaj Auto launched the new Triumph Speed T4.
• Tata Elxsi launched a 5G Applications Lab for industry transformation.
• Max Healthcare plans to increase its exposure in Uttar Pradesh.
• EaseMyTrip entered the medical tourism industry by acquiring a 30% stake in Rollins International for ₹60 crore and a 49% stake in Pflege Home Health for ₹30 crore.
• The government granted DCXSystems' arm an industrial license to manufacture microwave submodules and defence electronic equipment.
• Utkarsh Small Finance Bank is considering a ₹200 crore fundraising on September 20.
• Doms Industries acquired a 51.77% stake in Uniclan for ₹54.9 crore.
• GPT Infraprojects received an order worth ₹204 crore.
• Jupiter Wagons will invest ₹2,500 crore to set up a new plant in Odisha.
• RMC Switchgears won an order for a 41 MW solar project in Maharashtra.
• Western Carriers (India) IPO subscribed 9.84 times on Day 3. The IPO closes tomorrow.
• Arkade Developers IPO and Northern Arc Capital IPO subscribed 17.32 times and 10.59 times, respectively, on the second day of the bidding.

Date: 16th September 2024 Stock Market Highlights

The stock market today reached a new all-time high and broke a three-day losing streak, with the Nifty closing near 25,400.

• Sensex was up by 97.84 points or 0.12%, closing at 82,988.78.
• Nifty concluded the day at 25,383.75, increasing by 27.25 points or 0.11%.
• Bank Nifty ended the day with a surge of 215.10 points or 0.41% at 52,153.15

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices, except FMCG and Telecom, ended in the green.
• Bank, Capital Goods, Power, Realty, Media, and Metal sectors rose 0.4-1%.
• Broader indices also rallied to record highs.
• The BSE Midcap index ended flat, while the Smallcap index gained 0.3%.

Market Update

• Samvardhana Motherson's arm agreed to buy a stake in REE Automotive.
• Thermax won an order worth ₹516 crore from Jindal Energy Botswana to set up a 300 MW energy project.
• Dixon Tech's arm signed an MoU with Asus to manufacture notebooks.
• Revolt Motors expanded into Sri Lanka through a partnership with Evolution Auto Pvt Ltd.
• JSW Energy commissioned a 300 MW wind power capacity at Tuticorin, Tamil Nadu.
• Adani won the bid to supply 6,600 MW of electricity at ₹4.08/unit, beating JSW and Torrent.
• The USFDA cited manufacturing lapses at Zydus Lifesciences' Jarod plant.
• Max Healthcare acquired Jaypee Hospital for ₹1,660 crore.
• Torrent Group is set to acquire a majority stake in Gujarat Titans post-2025, as the Adani Group withdrew.
• JSPL and Jindal Renewable signed an MoU to invest in green hydrogen production for steelmaking.
• Infosys collaborated with LIC to spearhead its digital transformation initiative, DIVE (Digital Innovation and Value Enhancement).
• Route Mobile's promoter divested a 6.03% stake via OFS.
• Kross Limited debuted on the stock market on September 16, listing at ₹240, the same as the issue price.
• Bajaj Housing Finance listed on NSE at Rs 150, a premium of 114%. The stock later hit its upper circuit and closed on that level.
• Adani Green Energy and Adani Power shares gained after winning the LoI from MSEDCL.
• Royal Orchid will receive a refund of ₹2.14 crore security deposit from Rock Reality.
• Zydus Lifesciences signed a licensing and supply agreement with Viwit Pharmaceuticals.
• Exide Industries invested ₹100 crore in its wholly-owned subsidiary.
• Ducon Infratechnologies' rights issue will close on September 24 instead of September 19.
• Shyam Metalics commenced Phase I of the greenfield Cold Rolling Mill at its Jamuria plant in West Bengal.
• GHCL's board approved a capex of ₹50 crore to purchase office premises in Ahmedabad.
• Laurus Labs inaugurated a new state-of-the-art R&D facility at IKP Knowledge Park.
• Strides received USFDA approval for Fluoxetine tablets.

Date: 13th September 2024 Stock Market Highlights

The stock market today ended with minimal changes on September 13 as investors hesitated to make significant moves before the Bank of Japan's upcoming policy decision and uncertainties surrounding the expected Federal Reserve rate cut.

• Sensex was down by 71.77 points or 0.09%, closing at 82,890.94.
• Nifty concluded the day at 25,356.50, decreasing by 32.40 points or 0.13%.
• Bank Nifty ended the day with a surge of 165.65 points or 0.32% at 51,938.05

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Realty index led the gains, rising 1.7%.
• Nifty Media also gained 1.7%, followed by Nifty PSU Bank, up 1.2%.
• Nifty Metal and Nifty Consumer Durables both increased by 0.9%.
• On the downside, Nifty FMCG was the biggest loser, down 0.7%.
• Nifty Healthcare fell by 0.2%.

Market Update

• Ambuja Cements received a custom duty order worth ₹54.61 lakh.
• HG Infra Engineering secured an order worth ₹716 crore from Central Railway.
• Nazara Technologies acquired a 47.7% stake in Moonshine Technology.
• HCL Technologies acquired a 100% stake in Zeena SAS, France.
• SBI Cards considered raising up to ₹5,000 crore via NCDs on September 18.
• Intellect Design Arena launched eMACH.ai for the financial landscape of Sri Lanka.
• Alkem Labs explored acquiring JB Pharma as Torrent pulled out of talks.
• Chartered Logistics incorporated a subsidiary at GIFT City.
• BLS International's arm, BLS International FZE, acquired a 100% stake in UAE-based Citizenship Invest DMCC for USD 31 million.
• Aditya Birla Sun Life's stake in Strides Pharma fell to 3.49%.
• LIC raised its stake in Railway PSU IRCTC to over 9%.
• Transformers and Rectifiers secured orders worth ₹114 crore from RRVPNL.
• GE Shipping sold a 2005-built Suezmax crude tanker.
• Railtel Corporation of India secured an order from Northern Railways for a railway project amounting to ₹19 crore.
• Tech Mahindra approved the merger of Zen3 Infosolutions (America) Inc., its wholly-owned step-down subsidiary, with its parent company, Tech Mahindra (Americas) Inc.
• Tata Power Renewable and Tata Motors signed an MoU to set up 200 fast-charging stations for electric commercial vehicles.
• Ford Motor planned to restart its manufacturing plant in Tamil Nadu.
• Max Healthcare acquired a 64% stake in Jaypee Healthcare.
• BPCL increased the capacity of the Cochin Coimbatore Karur Pipeline and the Irugur Devangonthi Pipeline.
• Asian Paints considered an interim dividend on October 23.
• Puravankara signed a joint development agreement for a project in Bengaluru and expanded its redevelopment portfolio in Mumbai.
• CESC's arm Purvah Green Power, incorporated a wholly-owned subsidiary, Redgaint Renewable Power Energy.
• Power Grid was declared the successful bidder for the augmentation of transformation capacity at Jam Khambhaliya in Gujarat.
• Mahindra & Mahindra Financial Services approved expansion into the mortgage business.

Date: 12th September 2024 Stock Market Highlights

The stock market today rose by more than 1.5% towards the end of the September 12 session, reaching record highs of 83,116 and 25,433, respectively, following robust global signals.

• Sensex was up by 1439.55 points or 1.77%, closing at 82,962.71.
• Nifty concluded the day at 25,388.90, increasing by 470.45 points or 1.89%.
• Bank Nifty ended the day with a surge of 762.40 points or 1.49% at 51,772.40

Top Gainers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Metal index was the top performer, led by gains in Hindalco, Nalco, NMDC, and Vedanta.
• Nifty Auto, Nifty Energy, Nifty Infra, and Nifty Metal climbed 2-3%.
• IT companies with significant US market exposure rose nearly 2%.
• In the broader market, the BSE Midcap index gained over 1%.
• BSE Smallcap index advanced by 0.8%.

Market Update

• GE T&D India secures a €100 million order from Grid Solutions, France.
• NBCC partners with MTNL to develop 13.88 acres of land in New Delhi.
• Wipro builds an AI-enabled data strategy for JFK International Air Terminal.
• JSW Steel reports August crude steel output of 2.32 million tons with 91% capacity utilization at Indian operations.
• Engineers India wins new orders worth ₹4,681 crore in the first five months of FY25.
• USFDA issues 6 observations for Granules India's Gagillapur facility.
• JSW Steel produces 23 lakh tonnes of crude steel in August 2024.
• AGS Transact begins managing the prepaid card platform 'XtraPower'.
• Kalpataru Projects secures an order worth ₹2,774 crore.
• Maruti Suzuki launches the CNG variant of the Swift hatchback.
• Minda Corp board approves a fundraising of up to ₹1,000 crore via share issuance and QIP.
• Jain Irrigation signs an MoU with Sher-e-Kashmir University to provide technology-driven solutions for farmers.
• Aurionpro Solutions wins an order worth over ₹200 crore from the Municipal Corporation of Panvel.
• Vedanta's unit, Vedanta NICO, plans to expand its nickel and nickel sulphate production capacity.
• Airtel Business and Sparkle signed an agreement for Blue-Raman capacity between India and Italy.
• Tembo Global partners with a European giant to establish an arms and ammunition manufacturing facility in India.
• SOM Distilleries introduces India's first beer with a twist cap.
• Thermax partners with Ceres for green hydrogen production through electrolysis cell manufacturing in India.
• HPL Electric & Power secures work orders worth ₹143.8 crore for the supply of smart and conventional meters.
• P N Gadgil Jewellers IPO subscribed 59.40 times on the last of the bidding.

Date: 11th September 2024 Stock Market Highlights

The stock market today declined by almost 0.5% on September 11, following global drops in anticipation of a crucial United States inflation report and worries that the Federal Reserve might have postponed monetary policy easing. Traders also considered the implications of the US presidential debate.

• Sensex was down by 398.13 points or 0.49%, closing at 81,523.16.
• Nifty concluded the day at 24,918.45, decreasing by 122.65 points or 0.49%.
• Bank Nifty ended the day with a fall of 262.30 points or 0.51% at 51,010.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The Nifty Oil & Gas Index was the biggest loser, down 2%.
• Nifty PSU Bank and Nifty Metal fell by 1.8% and 1.5%, respectively.
• Nifty Auto and Nifty Realty both declined by 1.2%.
• On the upside, Nifty FMCG was the top gainer, rising 0.3%.

Market Update

• Lemon Tree Hotels signs a license agreement for a 108-room hotel in Mumbai.
• Astra Microwave enters a strategic alliance with Premier Explosives to develop and sell multiple products jointly.
• Bombay Dyeing - Japan's Sumitomo acquires a land parcel in Mumbai's Worli for ₹440 crore.
• Aurionpro Solutions secures a new order from Panvel Municipal Corporation.
• Bank of Baroda keeps MCLR interest rates unchanged in its September review.
• Strides Pharma receives shareholder approval for OneSource, India's first speciality pharma CDMO.
• Aurobindo Pharma's new injectable facility receives its first approval from the USFDA.
• CEAT commences commercial truck and bus radial tyre production at its Kanchipuram, Tamil Nadu plant.
• Gravita signs an MoU to acquire a rubber recycling plant in Europe.
• BEL secures orders worth ₹1,155 crore from Cochin Shipyard.
• Mphasis Silverline partners with Agentsync for insurance solutions.
• JSW Infra is considering a significant fundraise of over ₹5,000 crore, likely via the QIP route.
• Goa Carbon resumes operations at its Goa unit after a temporary shutdown for maintenance.
• Century Textiles purchases a 10-acre land parcel in Worli, Mumbai.
• Adani Ports signs a concession agreement for a multipurpose terminal at Deendayal Port.
• Tata Steel has reached an agreement with the UK government regarding £500 million in grant funding.
• The promoter of Route Mobile intends to sell a 6% stake in the company through an Offer for Sale (OFS) at a floor price of Rs 1,635.
• IPOs of Kross and Tolins Tyres subscribed 17.58 times and 24.86 times, respectively, on the final day of the bidding.
• Bajaj Housing Finance IPO subscribed 67.41 times on the last day of the bidding.
• P N Gadgil Jewellers IPO subscribed 7.02 times on Day 2 of the bidding.

Date: 10th September 2024 Stock Market Highlights

The stock market today gained for the second day, led by IT, telecom, power, and healthcare stocks. US indices also rose over 1%, recovering from their biggest weekly drop since March 2022, but futures are down ahead of key inflation data. The European Central Bank may cut rates further to support the economy.

• Sensex was up by 361.75 points or 0.44%, closing at 81,921.29.
• Nifty concluded the day at 25,041.10, increasing by 104.70 points or 0.42%.
• Bank Nifty ended the day with a surge of 154.50 points or 0.30% at 51,272.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices, except Oil & Gas, ended in the green.
• Telecom and Media indices rose by 2% each.
• Capital Goods, IT, Healthcare, and Power indices increased by 1% each.
• The BSE Midcap index was up by 0.5%.
• The BSE Smallcap index gained 1.5%.

Market Update

• Zaggle Prepaid signed an agreement with HDFC ERGO General Insurance Company.
• HG Infra receives a letter of award for a project worth ₹781.1 crore from the Road Ministry.
• GMR Airports to acquire a 10% stake in Delhi International Airport for USD 126 million.
• Dixon Tech's arm, Padget Electronics, signs an MoU with HP India Sales.
• Ahluwalia Contracts secures two orders worth ₹1,307 crore for a group housing project.
• IREDA signs an MoU with SJVN and GMR Energy for a 900 MW hydro project in Nepal.
• JTL expands production capacity at its Galvanized Iron (GI) plant in Mangaon, Maharashtra.
• Action Construction Equipment receives an order from the Ministry of Defense for 99 forklifts.
• Tata Power's arm, TP Solar, begins solar cell production at a 4.3 GW manufacturing plant in Tirunelveli, Tamil Nadu.
• TCS partners with Mansfield Building Society in the UK.
• Infosys and Proximus Group strengthen their strategic collaboration.
• SEPC secures an order worth ₹183 crore from the Bihar Government's Irrigation Division.
• ITI bags an order worth ₹300 crore for solar street light systems in Bihar.
• MIC Electronics secures an order worth ₹1.33 crore from the Salem Division of the Southern Railway Zone.
• Rajnish Wellness plans to open 33 new Dava Discount Plus Grocery Stores/Supermarkets across India with an estimated investment of ₹50 crore.
• Servotech to install 11 public EV charging stations for BESCOM.
• FlixBus partners with AbhiBus (ixigo bus business) to expand its reach in India.
• USFDA classifies the inspection at Unichem Lab as 'Voluntary Action Indicated' (VAI).
• Century Textile purchases ownership of 10 acres of land in Mumbai for ₹1,100 crore.
• Zydus Lifesciences completes Phase II(a) clinical trial of Usnoflast.
• Lockheed Martin partners with Tata to manufacture C-130J Super Hercules aircraft in India.
• IPOs of Kross and Tolins Tyres subscribed 2.70 times and 5.49 times, respectively, on the second day of the bidding.
• Bajaj Housing Finance IPO subscribed 7.96 times on the 2nd day of the bidding.
• P N Gadgil Jewellers IPO subscribed 2.02 times on Day 1 of the bidding.

Date: 9th September 2024 Stock Market Highlights

The stock market today experienced a resurgence after a three-day period of decline, with the market being primarily boosted by the upward movement in consumer staples and banking sector stocks.

• Sensex was up by 375.61 points or 0.46%, closing at 81,559.54.
• Nifty concluded the day at 24,936.40, increasing by 84.25 points or 0.34%.
• Bank Nifty ended the day with a surge of 540.95 points or 1.07% at 51,117.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• FMCG and Bank indices rose by 1% each.
• Capital Goods, Information Technology, Metal, Telecom, Media, Oil & Gas, Power, and Realty indices declined by 0.3% to 1%.
• The BSE Midcap index fell by 0.3%.
• The BSE Smallcap index dropped by 0.6%.

Market Update

• Suven Pharma's arm receives US FDA Establishment Inspection Report (EIR) for its Hyderabad-based manufacturing unit.
• JSW Energy issues a corporate guarantee of up to ₹450 crore to JSW Utkal.
• Suzlon Energy completes the acquisition of 51% equity share capital in Renom Energy.
• Adani Green Energy fully redeems USD 750 million Holdco Notes.
• Kotak Mahindra Bank accepts a One-Time Settlement (OTS) proposal from PC Jeweller.
• Oriana Power's arm secures an order worth ₹520 crore for a 128 MW solar power plant from Dalmia Cement.
• Epic Energy signs a joint venture (JV) with Fenfeo Automotive to establish an EV charger manufacturing unit in Coimbatore.
• Wanbury obtains a Certificate of Suitability from a European regulatory body for Dextromethorphan.
• USFDA classifies Suven Pharma's subsidiary, Casper Pharma's Hyderabad-based formulations manufacturing facility, as 'Voluntary Action Indicated' (VAI).
• USFDA completes an inspection at Granules India’s Gagillapur facility, raising six observations.
• Nazara Technologies acquires a 48.42% stake in Paperboat for ₹300 crore.
• Mahindra set to launch its electric four-wheeler, the ‘e-ZEO.’
• Royal Orchid Hotels launches 'Regenta Resort and Spa, Chitwan' in Nepal.
• RBM Infracon wins an order worth ₹3,498 crore from ONGC.
• Monte Carlo partners with Salesforce to enhance personalized customer experiences.
• Tata Power awards contracts worth ₹11,481 crore to local suppliers.
• Thomas Cook India and SOTC Travel sign an MOU with Malaysia Aviation Group.
• JSW Infra approves a capacity expansion plan for JSW Jaigarh Port and JSW Dharamtar Port.
• The government signs a ₹26,000 crore contract with HAL for 240 AL-31FP engines for Su-30MKI fighter jets.
• ED files a complaint against Religare's Rashmi Saluja for cheating and criminal conspiracy.
• IPOs of Kross and Tolins Tyres subscribed 0.94 times and 1.91 times, respectively on Day 1 of the bidding.
• Bajaj Housing Finance IPO subscribed 2.15 times on the 1st day of the bidding.
• Shree Tirupati Balaji IPO subscribed 123.64 times on the final day of the bidding.

Date: 6th September 2024 Stock Market Highlights

The stock market today concluded the trading day with a decline for the third consecutive session. The Nifty index approached the 24,800 mark, and the Sensex surpassed the 81,000 level as investors awaited the release of US employment data scheduled for later in the day.

• Sensex was down by 1017.23 points or 1.24%, closing at 81,183.93.
• Nifty concluded the day at 24,852.15, decreasing by 292.95 points or 1.17%.
• Bank Nifty ended the day with a fall of 896.20 points or 1.74% at 50,576.85.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices ended in the red.
• Auto, PSU Bank, oil & gas, media, telecom, IT, realty, and capital goods were down between 1-3%.
• The BSE midcap index dropped by 1.4%.
• The smallcap index declined by 1% after reaching a fresh record high.

Market Update

• Dr. Reddy's receives an EIR (Establishment Inspection Report) following a USFDA inspection.
• Plutus Wealth Management LLP acquires a 0.7% stake in Ecos India Mobility.
• Adani Group plans to raise Rs 40,000 crore from retail and HNI investors via NCDs over the next three years.
• Va Tech Wabag secures a USD 317 million (Rs 2,700 crore) order from the Saudi Water Authority.
• KEC International wins new orders worth Rs 1,423 crore.
• Ashoka Buildcon subsidiary monetizes land in Hinjewadi, Pune.
• Strides gain USFDA approval for Theophylline extended-release tablets.
• Sundaram-Clayton begins commercial production of aluminium die castings.
• JSW Energy continues to explore various business opportunities.
• KPI Green receives CEIG approval for a 12.72 MW wind-solar power project.
• Dreamfolks Services introduces highway dining for travellers.
• Kanoria Chemicals opens a formaldehyde manufacturing plant in Ankleshwar, Gujarat.
• The Coal Ministry allocates the Machhakata Coal Mine to NLC India.
• Shreyas Shipping and Logistics incorporates a new subsidiary, Transworld Sea-Connect IFSC Pvt Ltd.
• Godfrey Phillips to consider a 2:1 bonus share on September 20.
• Synergy Green Industries bags Rs 1,640 crore worth of orders from Vestas Wind.
• Krishna Institute of Medical Sciences signs a lease agreement with Sreechand Specialty Hospitals.
• IPOs of Bajaj Housing Finance, Kross, and Tolins Tyres to open on Monday, September 9, 2024.
• Shree Tirupati Balaji IPO subscribed 16.48 times on the second day of the bidding.

Date: 5th September 2024 Stock Market Highlights

The stock market today experienced a marginal decline on the 5th of September, reflecting the stability of global equities while uncertainties persisted regarding the health of the US economy and the potential timing of Federal Reserve interest rate adjustments.

• Sensex was down by 151.48 points or 0.18%, closing at 82,201.16.
• Nifty concluded the day at 25,145.10, decreasing by 53.60 points or 0.21%.
• Bank Nifty ended the day with a surge of 72.80 points or 0.14% at 51,473.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Nifty Media led sectoral gainers with a 0.8% rise.
• Nifty Consumer Durables followed, up 0.66%.
• Nifty IT gained 0.5%.
• Nifty Metal and Nifty PSU Bank Index each rose by 0.3%.
• On the losing side, Nifty Realty dropped by 1%.
• Nifty Auto and Oil & Gas both declined by 0.4%.

Market Update

• RailTel Corporation secured a work order of ₹10.92 crore from Northern Railways for a Railway Telecom Project.
• Glenmark Pharma agreed to pay $25 million in a settlement case in the U.S.
• Star Health launched an insurance policy in Braille.
• Raymond Lifestyle shares listed at ₹3,000 each on BSE after demerger.
• Reliance Industries secured 10 GWh ACC battery storage capacity under the PLI scheme.
• Linde India entered into an agreement with Tata Steel for industrial gas supply assets at their Kalinganagar Phase 2 expansion project.
• Passenger vehicle retail dipped 5% in August; FADA raised concerns over rising inventory levels.
• Dilip Buildcon bagged a project worth ₹1,341 crore from the Konkan Railway Corporation.
• Krystal Integrated Services secured a ₹71.4 crore contract with the Thane Municipal Corporation.
• Interarch Building Products inaugurated a new manufacturing plant in Andhra Pradesh.
• Nazara Technologies partnered with the Telangana government to launch a Nazara AI Center of Excellence.
• Alembic Pharmaceuticals received USFDA approval.
• Kalpataru Projects plans to convert an outstanding loan into equity shares.
• Zeal Global Services incorporated a subsidiary in the UAE.
• Premier Energies bagged an order worth ₹215 crore from the Uttar Pradesh Department of Agriculture.
• Tata Motors reported an 81.3% rise in August JLR UK sales.
• Century Textiles unit purchased 30.8 acres of land from Hindalco in Thane.
• Easy Trip approved the incorporation of a unit to manufacture electric buses.
• Aerolloy Technologies, a subsidiary of PTC Industries, received an order from Israel Aerospace Industries.
• Suzlon Energy executed a conveyance deed with OE Business Park.
• Reliance Industries approved a 1:1 bonus share issue.
• Shree Tirupati Balaji IPO subscribed 6.46 times on the first day of the bidding.

Date: 4th September 2024 Stock Market Highlights

The stock market today mirrored the global trend, closing in the red as the Nifty ended its 14-day winning streak by finishing below 25,200. Selling pressure was observed across various sectors, except for real estate, FMCG, and pharmaceuticals.

• Sensex was down by 202.80 points, closing at 82,352.64.
• Nifty concluded the day at 25,198.70, decreasing by 81.15 points.
• Bank Nifty ended the day with a down of 288.85 points or 0.56% at 51,400.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• FMCG, realty, and pharma sectors gained 0.5% each.
• Auto, bank, energy, IT, and metal sectors were down by 0.4-1%.
• The BSE Midcap index ended marginally lower.
• The Smallcap index closed in the green.

Market Update

• RARE Enterprise sold a 1.31% stake in Exicom Tele Systems.
• AU Small Finance Bank seeks RBI approval for a voluntary transition to a universal bank.
• Godfrey Phillips India has signed a term sheet for the sale of its retail business, 24Seven, to the retail startup New Shop.
• PDS resumes normal operations at its Bangladesh facility.
• KPI Green obtained approvals from the Chief Electrical Inspector (CEIG) for 16 MW of solar power projects under the CPP business segment.
• ECOS (India) Mobility & Hospitality made a positive debut with a 17% premium over the IPO price.
• Rama Steel Tubes announced a strategic collaboration with Onix Renewable.
• Minda Corp signed a technology licensing agreement with China’s Sanco.
• Natco Pharma's Canada arm invested USD 8 million in the biotechnology company eGenesis.
• Mankind Pharma executed a Business Transfer Agreement to transfer its OTC business undertaking.
• Sudarshan Chemical is in the race to acquire Heubach GmbH.
• Havells Studio unveiled the Meditate Air Purifier range with Revolutionary SpaceTech Technology.
• UPL's board granted in-principle approval to explore options to unlock value in Advanta.
• ABB launched a smart home automation system, ABB-free@home®, in India.
• NHPC signed an MoU with the Department of Water Resources.
• GlaxoSmithKline Pharma received an income tax refund of Rs 222.23 crore.
• RITES tied up with NBCC for consultancy work.
• Sona BLW is in talks to acquire Escorts Kubota's rail engineering business.
• Lupin launched Mirabegron Extended-Release tablets, 50 mg, in the US.
• Gala Precision Engineering IPO subscribed 201.41 times on the final of the bidding.

Date: 3rd September 2024 Stock Market Highlights

The stock market today ended with minimal changes in a rangebound trading session on September 3. The market opened positively, with Nifty starting above 25,300. However, it spent most of the session in negative territory. Despite a recovery in the final hour, the indices closed with slight losses.

• Sensex was down by 4.40 points, closing at 82,555.44.
• Nifty concluded the day at 25,279.85, increasing by 1.15 points.
• Bank Nifty ended the day with a surge of 249.55 points or 0.49% at 51,689.10

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Bank and capital goods indices rose by 0.5% each.
• Media, power, metal, realty, and oil & gas indices were down by 0.5-1.5%.
• The BSE midcap index ended with marginal gains.
• The smallcap index increased by 0.5%.

Market Update

• Vedanta announced a third interim dividend of ₹20 per share for FY25.
• Mankind Pharma plans to raise ₹9,000 crore to fund the acquisition of Bharat Serums and Vaccines.
• IEX's subsidiary will issue International Renewable Energy Certificates in the Indian markets.
• Matrimony.com will consider a proposal for a buyback on September 5, 2024.
• Adani Green and TotalEnergies have strengthened their partnership with a strategic joint venture.
• Lemon Tree Hotels signed a license agreement for a new hotel property in Gujarat.
• Gensol Engineering emerged as the lowest bidder for an EPC contract to develop a bio-hydrogen project for India's leading power generation company.
• The government approved a ₹3,300 crore chip proposal by Kaynes under the semiconductor scheme.
• Baroda BNP Paribas MF acquired a 0.98% stake in TCNS Clothing Company.
• Muthoot Finance's arm, Belstar Microfinance, received SEBI approval for an IPO.
• Hindustan Composites entered into a share purchase agreement with Swiggy.
• GE Power reached a settlement agreement with Navayuga Engineering.
• Munjal Auto received a demand notice from the Haryana GST Department.
• TCS partnered with Google Cloud to launch an AI-powered cybersecurity solution.
• KPI Green's arm received a Letter of Intent (LoI) to set up solar power projects with a 7 MW capacity.
• Sudarshan Chemical is in the race to acquire coatings and pigments maker Heubach GmbH.
• Baazar Style Retail IPO subscribed 4.64 times on the final day of the bidding.
• Gala Precision Engineering IPO subscribed 10.87 times on day 2 of the bidding.

Date: 2nd September 2024 Stock Market Highlights

The bullish trend on Dalal Street continued in the stock market today, with the Nifty ending higher for the 13th consecutive session on September 2, supported by increases in banking, FMCG, and Information Technology shares.

• Sensex was up by 194.07 points or 0.24%, closing at 82,559.84.
• Nifty concluded the day at 25,278.70, increasing by 42.80 points or 0.17%.
• Bank Nifty ended the day with a surge of 88.55 points or 0.17% at 51,439.55

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices, except for banks, FMCG, and IT, ended in the red.
• Capital goods, metal, healthcare, telecom, and media sectors fell by 0.4-1.6%.
• The BSE midcap index hit a fresh record high but closed flat.
• The smallcap index declined by 0.5%.

Market Update

• Godrej Properties emerged as the highest bidder for two housing plots in Gurugram.
• Bajaj Housing Finance IPO is set to open between September 9-11, aiming to raise Rs 6,560 crore.
• Adani Wilmar is looking to acquire three FMCG brands as part of a billion-dollar expansion plan.
• Biocon has received US FDA approval for Sacubitril/Valsartan tablets and Daptomycin for injection.
• Gujarat Gas board has approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy (GEL), and Gujarat State Petronet (GSPL) merging into GGL.
• Bajaj Auto's total sales for August rose 16% year-over-year to 3.97 lakh units from 3.41 lakh units.
• Adani Energy Solutions completed the acquisition of the Khavda transmission project.
• Steel Strips Wheels reported a net turnover of Rs 363.10 crore.
• The Government of India granted Navratna Status to RailTel Corporation of India, SJVN, and NHPC.
• Life Insurance Corporation of India reduced its stake in DCM Shriram.
• Varun Beverages set September 12 as the record date for a stock split.
• Dynacons Systems secured an order worth Rs 143 crore from the Bank of Maharashtra.
• NCC received orders worth Rs 1,236 crore in August.
• Techno Electric & Engineering Company was awarded a contract to design, build, finance, operate, and transfer edge data centers (EDCs) by RailTel Corporation of India.
• Hazoor Multi Projects received a Rs 40 crore order from Welspun Enterprise.
• Oil India signed hook-up agreements with Indra Dhanus Gas Grid.
• NBCC bagged a work order worth Rs 183 crore.
• Larsen & Toubro established a separate business vertical for Renewable EPC within its Power Transmission & Distribution business under its Infrastructure Projects segment.
• Siemens received a tax demand order of Rs 29.4 crore.
• Indian Hume Pipe received a work order worth Rs 828 crore from the Tapi Irrigation Development Corporation in Jalgaon, Maharashtra.
• Grindwell Norton received a GST order for payment of tax and penalty amounting to Rs 16.94 lakhs.
• GSK Pharma was issued a tax demand order of Rs 1.31 crore.
• KIMS acquired a 100% equity stake in Chalasani Hospitals Visakhapatnam for Rs 28 crore.
• LIC of India reduced its holding in HDFC AMC.
• Atul Auto's total sales for August increased by 8.58%, reaching 2,834 units.
• Shipping Corporation of India received approval for units at GIFT SEZ, Gujarat.
• Aurangabad Distillery approved a bonus issue at a ratio of 1:4.
• Baazar Style Retail IPO subscribed 4.64 times on the second day of the bidding.
• Gala Precision Engineering IPO subscribed 10.87 times on day 1 of the bidding.

Date: 30 August 2024 Stock Market Highlights

The Stock market today ended at their highest-ever closing levels, staying positive throughout the day. This was mainly due to a strong rise in real estate and pharmaceutical stocks, which lifted market sentiment. Both indices also hit new highs right at the market's opening.

• Sensex was up by 231.16 points or 0.28%, closing at 82,365.77.
• Nifty concluded the day at 25,235.90, increasing by 83.95 points or 0.33%.
• Bank Nifty ended the day with a surge of 198.25 points or 0.39% at 51,351

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The FMCG index was the only laggard, slightly dragging overall market sentiment due to a decline in ITC, Marico, and Dabur.
• The remaining 12 indices advanced, led by Realty, Pharma, and Healthcare, each gaining over 1%.
• Nifty IT extended its winning streak with a 0.5% gain, marking five consecutive sessions in the green.
• The Nifty Auto index rose by 0.6% and could attract more attention as OEMs are set to announce their August sales figures later this week.

Market Update

• Tencent Cloud Europe BV has sold a 2.12% stake in PB Fintech.
• Torrent Pharma received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) classification for its Gujarat plant.
• SBI Mutual Fund acquired a 1.47% stake in Electronics Mart India.
• Infosys expanded its collaboration with Nvidia to develop AI-powered, customer-centric solutions to enhance telecom companies' innovation and operational excellence.
• Reliance Retail announced its entry into the luxury jewellery segment.
• Rail Vikas Nigam signed a Memorandum of Understanding (MoU) with Patel Engineering.
• Infosys Foundation USA has opened a Tech Innovation Lab in North Carolina.
• Garden Reach Shipbuilders & Engineers signed an MoU with NHIDCL to manufacture, supply, and launch double-lane class 70 modular steel and bailey bridges.
• Lemon Tree Hotels signed a license agreement for a 68-room hotel in Amritsar.
• Tata Steel acquired a 26% equity stake in TP Parivart.
• Piramal Pharma is set to acquire 13.93 crore preference shares of its subsidiary.
• DGCA has placed SpiceJet under 'enhanced surveillance.'
• RPP Infra Projects secured an order worth Rs 55 crore.
• NTPC commenced commercial operations for the first phase of its Bhainsara solar project.
• Vimta Labs plans to sell its diagnostics and pathological services business to Thyrocare.
• Mahindra Group and Sentrycs have teamed up to develop and provide anti-drone solutions in India.
• Shipping Corporation of India won an order from the Department of GST.
• Zydus received final approval from the USFDA for its Scopolamine Transdermal System.
• BPCL is seeking Rs 32,000 crore for its refinery in the largest rupee loan 2024.
• Aurionpro Payments has gone live as an online payment aggregator.
• SBC Exports received a purchase order worth Rs 47 crore for providing manpower and related services in Pune and Mumbai territories.
• Interglobe Aviation will restart operations from Delhi Terminal 1 starting September 2.
• Transformers & Rectifiers received an order worth Rs 252 crore.
• France 24 has signed a distribution pact with Sun Direct in India.
• HAL and SAFHAL have signed a contract to design and manufacture a new engine.
• ECOS (India) Mobility & Hospitality IPO subscribed 64.18 times on the final day of the bidding.

Date: 29 August 2024 Stock Market Highlights

The Stock market today continued its upward momentum from the previous session to close at a new all-time high on August 29. This surge was primarily driven by major players such as Reliance Industries, following the company's announcement of considering a bonus share issue on September 5.

• Sensex was up by 349.05 points or 0.43%, closing at 82,134.61.
• Nifty concluded the day at 25,151.95, increasing by 99.60 points or 0.40%.
• Bank Nifty ended the day with a surge of 8.90 points or 0.02% at 51,152.75

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The BSE Midcap index declined by 0.3%, while the Smallcap index fell by 0.7%.
• In the sectoral landscape, auto, oil & gas, telecom, IT, and FMCG sectors gained 0.5-1%. Meanwhile, capital goods, pharma, media, metal, and power sectors were down by 0.3-0.7%.

Market Update

• Oil India and KABIL (a joint venture between NALCO, Hindustan Copper, and Mineral Exploration & Consultancy) have signed an MoU to explore key critical minerals overseas.
• Sonata Software secured a multi-year, multi-million dollar strategic IT outsourcing deal.
• Biocon Biologics has received market entry approval for Bmab 1200 in Europe, the UK, Canada, and Japan.
• Paytm Payments Services received approval from the Ministry of Finance for 'downstream investment' from One 97 Communications.
• The Adani Group plans to invest Rs 3,500 crore in two projects in Madhya Pradesh.
• Vedanta's board will consider the third interim dividend for FY25 on September 2.
• Tata Steel acquired 178.34 crore ordinary equity shares in T Steel Holdings.
• Wipro has announced the liquidation of its step-down subsidiary, Capco Consulting Services (Guangzhou), based in China.
• SignatureGlobal India has launched a new project in Gurugram.
• Lemon Tree Hotels signed a license agreement for a new hotel property in Madhya Pradesh.
• NLC India signed a power usage agreement with Telangana state DISCOMs.
• Tata Consultancy Services extended its partnership with Primark for another 5 years.
• Macrotech Developers plans to acquire a 100% stake in Opexefi Services.
• Stanley Lifestyles received an order worth Rs 2.27 crore from Bangalore International Airport Limited.
• Intellect Design Arena announced a global strategic partnership with Wipro.
• HFCL has deployed Broadband Network Gateway solutions for BSNL.
• Reliance Industries will consider issuing a 1:1 bonus on September 5.
• LT Foods plans to acquire a 17.5% stake in Nature Bio-Foods for Rs 110 crore.
• Premier Energies IPO subscribed 74.98 times on the final day of the bidding.
• ECOS (India) Mobility & Hospitality IPO subscribed 9.61 times on Day 2 of the bidding.

Date: 28 August 2024 Stock Market Highlights

The Stock market today closed higher as the Nifty surpassed its previous record high of 25,078.30 and exceeded 25,100 for the first time. Information Technology and pharma stocks drove the surge, although profit booking was observed towards the end of the session.

• Sensex was up by 73.80 points or 0.09%, closing at 81,785.56.
• Nifty concluded the day at 25,052.35, increasing by 34.60 points or 0.14%.
• Bank Nifty ended the day with a fall of 134.90 points or 0.26% at 51,143.85

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Among the sectors, IT, Pharma, and Healthcare each gained over 1%, while the Telecom index rose by 0.5%.
• On the other hand, the Media index fell by 1.4%, and both FMCG and PSU Bank indices were down 0.4% each.
• Despite touching record highs, the broader indices, including the BSE Midcap and Smallcap, ended flat.

Market Update

• PNC Infratech has been declared the lowest bidder for a highway cum bridge project from NHAI, with a bid project cost of Rs 380 crore.
• Infibeam Avenues' subsidiary secured two major contracts to implement its Theia Vision AI technology at leading regional hospitals and an international gas station chain.
• KPI Green Energy achieves zero net debt status on a standalone basis.
• Jio Financial increases its stake in Jio Payments Bank.
• GE T&D's operations at its Vadodara plant are disrupted due to heavy rainfall and waterlogging.
• UPL's subsidiary acquires a 20% stake in PT Excel Meg Indo.
• GQG Partners raises its stake in GMR Airports to 5.17%.
• GRM Overseas acquires the largest single stake in Rage Coffee, backed by Virat Kohli.
• Mastek partners with Onyx Health to enhance healthcare data interoperability.
• DCX Systems secures a new order worth Rs 187 crore from an overseas customer.
• Zydus Lifesciences receives final approval from the USFDA to market Amantadine extended-release capsules, 68.5 mg.
• NBCC India is set to consider a bonus issue on August 31.
• Infibeam Avenues launches a new women's safety feature in its AI Facility Manager solution.
• Agro Tech Foods signs a licensing agreement with Conagra Foods.
• Shoppers Stop collaborates with House of Beauty.
• Advait Infratech receives an order from the Solar Energy Corporation to set up manufacturing capacities for 200 MW of Alkaline Electrolysers in India.
• Ohm International Mobility, a subsidiary of Ashok Leyland, has been voluntarily liquidated.
• Wipro expands its collaboration with Dell Technologies to introduce the Dell AI Factory on Wipro’s Enterprise AI-Ready platform.
• Godrej Agrovet completes the acquisition of an additional 49% stake in Godrej Tyson Foods.
• Gensol Engineering enters the US market through Scorpius Trackers Inc.
• Carysil's subsidiary is set to acquire the remaining 30% stake in UK-based Carysil Brassware for £350,000.
• Awfis Space partners with Nyati Group to provide a 3 lakh square feet workspace.
• JBM Electric Vehicles signs an agreement with LeafyBus to supply 200 electric intercity luxury buses.
• Ahluwalia Contracts receives an order worth Rs 350.35 crore from Bharat Aluminium Company Ltd (BALCO) to design and build 2 BHK apartments.
• De Beers and Tanishq established a long-term strategic partnership to promote the natural diamond market in India.
• Zomato launched "Zomato for Enterprises," a platform aimed at streamlining food expense management for companies.
• Jyoti Structures secures an order to supply towers for a 765 kV transmission line from a leading private developer.
• The CCI has approved the Rs 70,350-crore merger between Reliance and Disney India.
• Premier Energies IPO subscribed 6.70 times on the second day of the bidding.
• ECOS (India) Mobility & Hospitality IPO subscribed 3.38 times on Day 1 of the bidding.

Date: 27 August 2024 Stock Market Highlights

The Stock market today couldn't sustain its early gains and closed the session flat. This followed a nearly 1% increase in both indices in the prior session, driven by optimism for a potential interest rate cut at the upcoming September meeting of the Federal Reserve. Jerome Powell's remarks at the Jackson Hole speech hinted at the necessity for policy adjustments.

• Sensex was up by 13.65 points or 0.02%, closing at 81,711.76.
• Nifty concluded the day at 25017.75, increasing by 7.15 points or 0.03%.
• Bank Nifty ended the day with an increase of 130.65 points or 0.26% at 51,278.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• FMCG was the worst-performing sector, declining over 1%.
• The energy, automobiles, and metals sectors were down by 0.1-0.6%.
• In contrast, the banks, pharma, and realty sectors saw gains of 0.2-0.8%.
• In the broader market, both the midcap and smallcap indices outperformed the benchmarks, each rising around 0.5%.

Market Update

• The Income Tax Department has issued a demand order of Rs 962.75 crore to Hindustan Unilever Ltd (HUL).
• Adani Power has established a wholly owned subsidiary, 'Adani Power Middle East,' in Abu Dhabi.
• JSW Energy secured a 200 MW project from Maharashtra State Electricity Distribution Company Limited (MSEDCL – Phase III).
• Bondada Engineering received a project worth Rs 575.74 crore from Lumina Clean Energy, Purelight Energy, and VVKR Photovoltaics Energy.
• UltraTech Cement raised USD 500 million through a sustainability-linked loan, with participation from six banks.
• Kavveri Telecom Products has designed and developed a new “8 port Dual Band Panel Antenna.”
• TCS launched a new Pace Studio in the Philippines to accelerate digital innovation.
• Relicab Cable Manufacturing secured a new order valued at Rs 98 lakh.
• Rail Vikas Nigam Limited (RVNL) was declared the lowest bidder for projects worth Rs 111 crore from Southern Railways.
• Datamatics Global Services has partnered with Microsoft to develop AI solutions using Copilots.
• Spandana Sphoorty has approved the issuance of Non-Convertible Debentures (NCDs) worth Rs 50 crore.
• Airtel and Apple have entered into a strategic partnership to offer exclusive deals on Apple TV+ and Apple Music to customers in India.
• Siemens has received regulatory approval to manufacture Mpox detection kits in India.
• HCL Technologies has extended its partnership with Xerox.
• RailTel Corporation of India received a work order from Eastern Railway for projects amounting to Rs 70.93 crore.
• Lemon Tree Hotels signed a new property in Ayodhya.
• The Life Insurance Corporation (LIC) has approached the Insurance Regulatory and Development Authority of India (IRDAI) seeking a review of surrender value regulations.
• Shilpa Medicare received USFDA approval for its Bortezomib injection.
• DEE Development secured a purchase order from L&T Energy Hydrocarbon.
• Central Depository Services (India) Ltd (CDSL) paid Rs 1.3 crore to settle allegations of violating SEBI directives.
• Insolation Energy secured a purchase order worth Rs 34.21 crore.
• Premier Energies IPO subscribed 2.15 times on the first day of the bidding.
• ECOS (India) Mobility & Hospitality IPO to open for subscription from tomorrow.

Date: 26 August 2024 Stock Market Highlights

The Stock market today closed on a strong note on August 26, with the Nifty climbing back above 25,000 and nearing its record high. This surge came after Fed Chair Powell suggested possible interest rate cuts in the near future during the latest meeting.

• Sensex was up by 611.90 points or 0.075%, closing at 81,698.11.
• Nifty concluded the day at 25010.60, increasing by 187.45 points or 0.76%.
• Bank Nifty ended the day with an increase of 214.65 points or 0.42% at 51148.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices, except for PSU Bank, ended in the green.
• Information Technology, Metal, Oil & Gas, and Realty sectors saw 1-2% gains.
• The PSU Bank index declined by 0.5%.
• The BSE midcap index rose by 0.6%, while the smallcap index gained 0.2%.

Market Update

• Mahindra and Mahindra received a penalty order from the Deputy Commissioner, Hardwar.
• Legends Global Opportunities acquired a 1.52% stake in Hinduja Global Solutions.
• BHEL signed a contract agreement with Adani Power and its subsidiary, Mahan Energen Ltd., to set up three supercritical thermal power projects.
• Ashoka Buildcon won a project valued at Rs 478 crore from the Mumbai Metropolitan Region Development Authority (MMRDA).
• KEC International secured new orders worth Rs 1,079 crore in its Transmission & Distribution (T&D) and cables businesses.
• Zydus Lifesciences' subsidiary entered into an agreement with Perfect Day.
• The RBI approved SBI Mutual Fund's proposal to acquire a 9.99% stake in Karur Vysya Bank.
• JSW Energy received a Letter of Award (LoA) to set up a 250 MW project.
• Cyient established a wholly-owned subsidiary, Cyient Semiconductors.
• EFC obtained a Letter of Intent (LoI) to acquire prime property worth over Rs 80 crore.
• Fischer Medical partnered with Tech Avant Garde to enhance health programs.
• USFDA issued zero observations to FDC's manufacturing facility in Baddi, Himachal Pradesh.
• Mangalam Drugs received a grant of USD 274,800 for research on Pyronaridine.
• IDFC obtained an income tax refund of Rs 202.55 crore.
• Uno Minda JV inaugurated a new manufacturing plant in Rajasthan.
• Infinity Partners sold its entire 7.27% stake in Eris Lifesciences via an off-market deal.
• Ashoka Buildcon emerged as the lowest bidder for a Rs 478 crore project from MMRDA.
• MIC Electronics received a work order worth Rs 2.54 crore.
• HDFC Bank partnered with Zeta to offer credit lines on UPI.

Date: 23 August 2024 Stock Market Highlights

The stock market today closed flat with a slight positive bias in a trading session characterized by a narrow range on August 23. Investors maintained caution in anticipation of Federal Reserve Chair Powell's remarks at Jackson Hole later today, which are expected to provide insights into the timing, scale, and pace of potential interest rate cuts in the United States

• Sensex was up by 33.02 points or 0.04%, closing at 81,086.21.
• Nifty concluded the day at 24,823.15, increasing by 11.65 points or 0.05%.
• Bank Nifty ended the day with a loss of 52.25 points or 0.10% at 50,933.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The BSE Midcap index declined by 0.6%, while the Smallcap index closed flat.
• Among sectors, the auto index rose by 1%.
• The metal, realty, media, PSU Bank, and IT indices were down by 0.5% to 2.5%.

Market Update

• John Lewis Partnership has chosen Wipro to lead a comprehensive transformation and modernization of the UK retailer’s IT infrastructure.
• Zomato has announced the immediate shutdown of its Intercity Legends service.
• RailTel has secured a work order worth Rs 52 crore from the Uttar Pradesh Police Recruitment and Promotion Board.
• Bandhan Bank has launched "Avni," a unique savings account designed exclusively for women.
• Dalmia Bharat plans to acquire an additional 7.31% stake in O2 Renewable.
• Honasa Consumer has introduced its latest innovation, the Kerala Thaali Hair Care range.
• The Government of Singapore has increased its stake in PNB Housing Finance by purchasing an additional 0.6%.
• JSW Energy has signed a Power Purchase Agreement with Bangalore Electricity Supply Company for a 300 MW solar power project.
• Jain Irrigation Systems has signed a Memorandum of Understanding (MoU) with the Coffee Board of India.
• The USFDA has issued an Establishment Inspection Report (EIR) for Wanbury's manufacturing unit in Patalganga, Maharashtra.
• The GST Authority has reduced the GST demand on Bharti Airtel to Rs 194 crore.
• The NCLT has approved Adani Power's resolution plan for the acquisition of Lanco Amarkantak Power.
• Kaynes Technology has inaugurated a new manufacturing facility in Hyderabad.
• SEPC has received the final acceptance certificate from Hutti Gold Mines.
• Deep Industries has received a Rs 63 crore order from the Oil and Natural Gas Corporation (ONGC) for the hiring of services.
• Bikaji Foods has approved the acquisition of a 55% stake in Ariba Foods for Rs 60.5 crore.
• Jindal Saw has approved a stock split, dividing each share into two.
• Sun Pharma has launched "Starizo," a treatment for skin infections, in India.
• Tata Power Solar Systems has partnered with ICICI Bank to provide loans for the purchase of solar panels and units for residential and corporate customers.
• APL Apollo Tubes has received a GST tax demand notice amounting to Rs 1.64 crore, including tax and penalties.
• Orient Technologies IPO subscribed 154.84 times the last day of the bidding.

Date: 22 August 2024 Stock Market Highlights

The stock market today extended its winning streak for the third consecutive session on August 22, with broad-based buying across sectors except for IT and power. Investors are now closely monitoring US unemployment claims, existing home sales, and PMI data in anticipation of Federal Reserve Chair Powell's speech at Jackson Hole to confirm the timing of a potential rate cut.

• Sensex was up by 147.89 points or 0.18%, closing at 81,053.19.
• Nifty concluded the day at 24,811.50, increasing by 41.30 points or 0.17%.
• Bank Nifty ended the day with a surge of 300.15 points or 0.59% at 50,985.70.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• The power index declined by 1%.
• Pharma, oil & gas, auto, and IT sectors ended slightly lower.
• Banking, FMCG, metal, realty, and telecom indexes rose by 0.5-1.4%.
• Broader indices continued their upward momentum for the fifth consecutive session on August 22, with both the BSE midcap and smallcap indices gaining 0.6%.

Market Update

• Zomato to acquire Paytm's entertainment and ticketing business for ₹2,048 crore.
• GMR Airports secures Letter of Award (LoA) to develop, operate, manage, and maintain duty-free outlets at Delhi Airport.
• RVNL signs MoU with Malaysia's Dhaya Maju Infrastructure.
• BEML inks MoU with Malaysia's SMH Rail, a rolling stock manufacturer.
• Griffin Growth Fund VCC acquires a 7.9% stake in Kiri Industries.
• Hiranandani-Blackstone JV announces 121-acre land acquisition in Chennai, plans ₹700-crore investment.
• Aarti Drugs to consider a buyback on August 26th.
• Awfis expands in Bengaluru and unveils 66,846 sq. ft. of premium workspace.
• The government is likely to provide GST relief to Infosys, foreign airlines, and foreign shipping lines.
• Transformers and Rectifiers secures orders worth USD 16.8 million.
• IREDA board to consider fundraising of up to ₹4,500 crore on August 29th.
• Dabur India signs a MoU with the Government of Tamil Nadu to establish a new manufacturing facility.
• L&T Technology Services collaborates with Thales.
• TVS Motor launches the new Jupiter 110cc with a starting price of ₹73,700.
• GAIL and Petron sign a MoU to explore setting up a bio-ethylene plant in India.
• Nucleus Software Exports approves share buyback of up to ₹72.35 crore at ₹1,615 per share.
• Bartronics India board approves the acquisition of a 5% stake in Ventugrow Consultants.
• Welspun Enterprises receives a Letter of Acceptance from BMC.
• BEML signs a strategic MoU with the Indian Navy to develop advanced marine applications for defence.
• Central Bank of India enters a co-lending partnership with Piramal Capital.
• Zen Technologies secures a patent for a Trigger Sensing System.
• Aether Industries enters an exclusive manufacturing agreement with France’s SEQENS Group.
• Bharat Electronics secures orders worth ₹695 crore.
• Adani Group is considering selling up to 5% stake in Adani Power and Ambuja Cements.
• Orient Technologies IPO subscribed 17.36 times on Day 2 of the bidding

Date: 21 August 2024 Stock Market Highlights

The stock market today closed with slight gains in a session marked by limited movement on August 21, with investors exercising caution before the release of US PMI data and Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium. Market participants are anticipating signals for potential interest rate cuts from Powell's upcoming speech during the weekend.

• Sensex was up by 102.44 points or 0.13%, closing at 80,905.30.
• Nifty concluded the day at 24,770.20, increasing by 71.35 points or 0.29%.
• Bank Nifty ended the day with a loss of 117.60 points or 0.23% at 50,685.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Realty index declined by 1.3%.
• FMCG, pharma, metal, telecom, and media sectors gained 0.5-1%.
• BSE midcap index increased by 0.4%.
• Smallcap index outperformed, rising nearly 1%.

Market Update

• Cyient to divest 14.5% stake in Cyient DLM through a block deal.
• Ola Electric Mobility scooters receive PLI certification.
• PNB Housing witnesses a 5% equity transaction, with General Atlantic Singapore likely exiting.
• Landslide disrupts operations at NHPC's Teesta-V power station in Sikkim, impacting restoration efforts.
• Exide Industries invests Rs 75 crore in its subsidiary Exide Energy Solutions.
• SES ESG Research assigns an ESG score of 69.4 to Tata Chemicals based on FY24 data.
• Genus Power secures new orders worth Rs 3,608 crore.
• Petronet LNG signs an MoU with Sri Lanka's LTL Holdings.
• Schaeffler India launches a digital campaign for Schaeffler TruPower Wiper Blades.
• Thai Airways partners with RateGain in a multi-year agreement.
• L&T's transport division won a contract under the Navi Mumbai Airport Influence Notified Area project.
• EKI Energy secures a LoA from Malawi's Ministry of Natural Resources and Climate Change.
• NCLT Mumbai approves the delisting of ICICI Securities.
• BGR Energy Systems receives a contract termination notice from Jharkhand Urja Sancharan Nigam.
• Tata Motors signs an MoU with Delta Electronics to establish 250 fast-charging stations.
• Indoco Remedies receives final approval from the USFDA for Lofexidine Tablets.
• Avantel secures a final purchase order worth Rs 67.92 crore from NewSpace India.
• USFDA issues a warning letter to Aurobindo Pharma's key manufacturing facility.
• Kilburn Engineering to acquire Monga Strayfield for Rs 123 crore.
• JNK India secures a Rs 50 crore order from Mundra Petrochem.
• Hindustan Zinc partners with JNCASR to develop advanced zinc-based battery technologies.
• Amber Enterprises forms a joint venture to manufacture Driving Gears and Brakes.
• Interarch Building Products IPO subscribed 93.73 times on the final day of the bidding.
• Orient Technologies IPO subscribed 6.90 times on Day 1 of the bidding

Date: 20 August 2024 Stock Market Highlights

After a dull previous session, the stock market today closed on a positive note as bullish momentum pushed the Nifty above 24,700 during intraday trading on August 20.

• Sensex was up by 378.18 points or 0.47%, closing at 80,802.86.
• Nifty concluded the day at 24,698.85, increasing by 126.20 points or 0.51%.
• Bank Nifty ended the day with a surge of 434.80 points or 0.86% at 50,803.15.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• FMCG was the only sectoral index that ended in the red.
• Bank, healthcare, IT, metal, and power sectors saw 0.5-1% gains.
• The BSE midcap index rose by 1%, while the smallcap index added 0.5%.

Market Update

• Cipla: Customs Authority imposes a penalty of Rs 5.95 crore.
• IndusInd Bank: Receives RBI approval to enter the mutual fund business via a new subsidiary.
• Zuzu Software Services: Sells a 4% stake in Zaggle Prepaid.
• Coforge: Collaborates with Salesforce to launch an innovative sustainability solution.
• Bajaj Auto: Makes a provision of Rs 211 crore as deferred tax.
• Sequent Scientific: Receives prequalification approval from WHO for Albendazole.
• Saraswati Saree Depot: Shares debut strongly, listing at a 21% premium on NSE.
• Greaves Cotton: Partners with River Mobility to offer customized financing solutions.
• TCS: Launches the latest TCS Pace Studio in Stockholm, Sweden, offering customers in the Nordic region exclusive access to its innovation ecosystem.
• Nucleus Software: To consider a share buyback on August 22.
• AXISCADES Technologies: Subsidiary Epcogen was awarded a long-term contract by Highview Power.
• Hindustan Zinc: Board approves the 2nd interim dividend of Rs 19 per share.
• Optiemus Electronics: Forays into telecom equipment manufacturing.
• Droneacharya Aerial: Signed a MoU with SISIR Radar.
• Marksans Pharma: USFDA issues an EIR for its manufacturing facility.
• Granules India: Receives ANDA approval for Glycopyrrolate Oral.
• Tech Mahindra: Approves the sale of land to Mahindra University.
• H.G. Infra Engineering: Declared the lowest bidder by the Ministry of Road Transport and Highways for the upgradation of an existing 6-lane road in Gujarat.
• Interarch Building Products IPO subscribed 10.86 times on the second day of the bidding.

Date: 19 August 2024 Stock Market Highlights

The stock market today started positively, rising above 24,600 on the Nifty due to positive global signals. However, it gave up these gains early on and traded in a narrow range for the rest of the session, ending with minimal changes.

• Sensex was down by 12.16 points or 0.02%, closing at 80,424.68.
• Nifty concluded the day at 24,572.65, increasing by 31.50 points or 0.13%.
• Bank Nifty ended the day with a fall of 148.55 points or 0.29% at 50,368.35.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• Healthcare, IT, Metal, Oil & Gas, Power, Telecom, and Media indices all ended higher, gaining between 0.5-2%.
• Auto and Bank indices were the exceptions, ending lower.
• The BSE Midcap Index rose by 0.5%.
• The BSE Smallcap Index added 1%.

Market Update

• The government has reduced the windfall tax on crude oil to Rs 2,100 per tonne.
• Kavveri Telecom received an order worth Rs 109 million in Q1FY25.
• JSW Cement has filed IPO papers to raise Rs 4,000 crore through a fresh issue and Offer for Sale (OFS).
• Magic-Square Hospitality Services LLP acquired a 0.5% stake in Welspun Corp.
• Glenmark Therapeutics launched Olopatadine Hydrochloride Ophthalmic Solution USP.
• Escorts Kubota plans to acquire land in UP to set up a greenfield facility.
• Veranda Learning Solutions announced its expansion into the Middle East through J.K. Shah Classes.
• Brazil's drug agency conducted an inspection of Caplin Point Laboratories.
• Strides Pharma Science's arm received an Establishment Inspection Report (EIR) from the USFDA for its formulations facility in Alathur, Chennai.
• RBI imposed a monetary penalty of Rs 1.27 crore on Bank of Maharashtra.
• Genus Power hit the upper circuit after bagging orders worth Rs 3,000 crore.
• Techno Electric partnered with IndiGrid to develop two of IndiGrid’s greenfield ISTS projects.
• Zen Technologies received a patent for its Mine Detection System.
• Ishan International secured an order from Reliance Industries for the supply of construction materials.
• Adani Enterprises approved the issuance of NCDs worth Rs 800 crore.
• Digikore Studios clinched a USD 1.2 million contract for a US OTT series.
• Vishnu Chemicals approved the acquisition of Jayanshree Pharma.
• Knowledge Marine bagged a new order worth Rs 9.6 crore.
• CWD received a purchase order worth Rs 100 crore.
• ONGC Videsh secured a 16-year contract extension for producing oil & gas in Vietnam.
• Mishra Dhatu Nigam received an order worth Rs 285 crore.
• NIBE signed an MoU with the Maharashtra government for the manufacturing of shipyard infrastructure in Ratnagiri.
• DCM Shriram started a Hydrogen Peroxide plant with a capacity of 52,000 TPA at its chemical complex in Jhagadia.
• Interarch Building Products IPO subscribed 3.21 times on the first day of the bidding.

Date: 16 August 2024 Stock Market Highlights

The stock market today closed the holiday week positively on August 16, as investors welcomed reduced US recession concerns. This follows a wave of US data this week, from inflation to jobless claims and retail sales, indicating economic stability and a likely smooth landing for the US Federal Reserve.

• Sensex was up by 1330.96 points or 1.68%, closing at 80,436.84
• Nifty concluded the day at 24,541.15, increasing by 397.40 points or 1.65%.
• Bank Nifty ended the day with a fall of 789.60 points or 1.59% at 50,516.90.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices closed with strong gains.
• Information technology, automobiles, banks, metals, and realty were the top performers, surging 1.5%-3%.
• The broader market also saw robust buying, with the BSE Smallcap and BSE Midcap indices rising nearly 2% each.

Market Update

• Jio Financial Services has established a wholly owned subsidiary, Jio Finance Platform and Service, to distribute financial products and allied services.
• HDFC Life Insurance has received a GST tax demand order amounting to Rs 112.21 crore.
• Griffin Growth Fund has acquired a 1.4% stake in Kiri Industries.
• Tata Steel has purchased 115.92 crore ordinary equity shares of its subsidiary.
• Power Mech Projects secured an order worth Rs 114.30 crore.
• Aurobindo Pharma's Eugia Unit-III received a warning letter from the USFDA.
• Brigade Group has partnered with abCoffee to enhance the tenant experience.
• Croissance won a Nandi Hills construction order valued at Rs 50 crore.
• CDSL has set August 23 as the ex-date for a 1:1 bonus.
• Ambuja Cement has completed the acquisition of Penna Cements.
• IPCA Laboratories has launched Diulcus, a drug for treating diabetic foot ulcers.
• Coal India has a contingent liability of Rs 3,600 crore related to loyalty.
• Hindustan Zinc's OFS retail date is scheduled for Monday, August 19, 2024.
• Interarch Building Products IPO will open for subscription on Monday, August 19, 2024.

Date: 14 August 2024 Stock Market Highlights

The stock market today closed positively on August 14, breaking a two-day losing streak. The upturn was mainly driven by increased buying activity in Information Technology stocks, although selling in other sectors limited the intraday gains.

• Sensex was up by 149.85 points or 0.19%, closing at 79,105.88
• Nifty concluded the day at 24,143.75, increasing by 4.75 points.
• Bank Nifty ended the day with a fall of 104.55 points or 0.21% at 49,727.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• IT sector ended up 1.5%, the only sectoral index in the green.
• Capital goods, healthcare, oil & gas, metal, realty, pharma, and media sectors all closed down by 0.5-1%.
• Both the BSE midcap and smallcap indices declined by 0.5% each.

Market Update

• Paytm receives a penalty order worth Rs 47.12 lakh.
• Vedanta to offload a 3.31% stake in Hindustan Zinc via Offer For Sale; the non-retail date is August 16 and a floor price of Rs 486 is set.
• Gensol Engineering consortium secures a cumulative 300 MW capacity project.
• National Green Tribunal disposes of the application against Aether Industries.
• SpiceJet seeks shareholder approval to raise up to Rs 3,000 crore.
• Maruti Suzuki receives a show-cause notice from the Office of the Commissioner of Customs, Mumbai.
• NBCC subsidiary wins an order worth Rs 528.21 crore.
• Bombay Dyeing receives Rs 537 crore from Goisu Realty.
• SJVN gets board approval to dilute stake in the subsidiary.
• Power Mech to consider a bonus issue of shares on August 22.
• Bartronics India plans to raise up to Rs 200 crore via debt, equity, or a combination of both.
• RITES to consider a bonus issue of shares on September 20.
• PSP Projects secures work orders worth Rs 653.67 crore.
• Sun Pharmaceutical to invest in Pharmazz Inc.
• Swan Energy to sell assets of material subsidiary company Triumph Offshore.
• L&T to acquire an additional 15% stake in L&T Oman.
• Hindustan Zinc to consider a second interim dividend on August 20.
• Saraswati Saree Depot IPO subscribed 107.39 times on the final day of the bidding.

Q1 Results (FY24 - 25)

Results

• PC Jeweller's Q1 net profit stands at Rs 154.6 crore, compared to a loss of Rs 178.1 crore YoY.
• Nazara Technologies profit increases 13.2% to Rs 23.6 crore YoY, while revenue falls 1.7% to Rs 250.1 crore.
• Kirloskar Industries Q1 net profit decreased by 29.8% to Rs 66 crore, compared to Rs 94 crore YoY.
• Ethos Q1 net profit rises 26.4% to Rs 23 crore, compared to Rs 18.2 crore YoY.
• Nectar Life Q1 net profit jumps 50% to Rs 3 crore, compared to Rs 2 crore YoY.
• MTNL Q1 net loss reduces to Rs 773 crore from Rs 783 crore QoQ.
• EID Parry Q1 net profit falls by 15.5% to Rs 91.3 crore, compared to Rs 108 crore YoY.
• Vascon Engineers Q1 net profit dropped 19.3% to Rs 9.6 crore, compared to Rs 11.9 crore YoY.
• Mazagon Dock Q1 net profit soars to Rs 696 crore, up from Rs 314.3 crore YoY.
• Hindustan Aeronautics Q1 net profit increased by 77% YoY to Rs 1,440 crore, with revenue at Rs 4,350 crore, up 11% YoY.
• Borosil Renewables Q1 net profit surges 86% to Rs 9.3 crore, compared to Rs 5 crore YoY.
• Capacite Infraprojects Q1 net profit reaches Rs 53.4 crore, up from Rs 19.1 crore YoY.
• Ola Electric's Q1 results show a net loss of Rs 347 crore.
• SpiceJet's Q1 net profit stands at Rs 158.6 crore.

Date: 13 August 2024 Stock Market Highlights

The stock market today closed down for the second day in a row on August 13, with the Nifty falling below 24,150. This happened amidst a mix of macroeconomic indicators - the Consumer Price Index (CPI) nearing a 5-year low in July and the Index of Industrial Production (IIP) showing slower growth at 4.2% in June.

• Sensex was down by 692.89 points or 0.87%, closing at 78,956.03.
• Nifty concluded the day at 24,139, decreasing by 208 points or 0.85%.
• Bank Nifty ended the day with a fall of 746.10 points or 1.48% at 49,831.85.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All sectoral indices ended in the red.
• Bank, power, oil & gas, metal, media, and telecom sectors were down 1% each.
• BSE Midcap and Smallcap indices also declined by 1% each.

Market Update

• JSW Steel arm to acquire a 66.67% economic interest in M Res NSW.
• Shell signs a new framework agreement with L&T Technology Services.
• Inox Wind secures a 51 MW equipment supply order from Everrenew.
• Marine Electricals signs an MoU with Cummins India to explore mutually beneficial business opportunities.
• Power Grid Corporation of India secures an inter-state transmission project.
• Bikaji Foods to consider acquiring a stake in Ariba Foods.
• Intellect Design Arena launches "Purple Fabric."
• Man Industries to set up a new plant in Dammam, Saudi Arabia.
• GE Power India receives a purchase order worth ₹47.27 crore from Steag Energy Services.
• Alembic Pharma receives USFDA approval for Dabigatran Etexilate Capsules.
• Indus Towers buyback to open on August 14 and close on August 21.
• Bharti Airtel receives a penalty order of ₹7.97 lakh from the GST Council.
• Bandhan Bank was excluded from the MSCI Standard Index.
• Zydus Lifesciences and Prestige Estates Projects are included in the MSCI Standard Index.
• Dixon Technologies and Oracle Financial Services are included in the MSCI Standard Index.
• Bondada Engineering receives an add-on work order from Bharat Sanchar Nigam.
• G R Infraprojects awarded a Letter of Intent from REC Power.
• Blue Dart announces direct reach to over 300 pin codes.
• Electronics Mart commences operations of a new multi-brand store in New Delhi.
• Saraswati Saree Depot IPO subscribed 16.38 times on the second day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 14th August 2024

• 3i Infotech
• A2Z Infra Engineering
• Aarey Drugs & Pharmaceuticals
• Aartech Solonics
• Archidply Decor
• Advani Hotels & Resorts (India)
• Agi Infra
• Agro Phos India
• Ahlada Engineers
• Airan
• AJR INFRA AND TOLLING
• Akash Infra Projects
• AKI India
• Alphageo (India)
• Alps Industries
• Ambica Agarbathies & Aroma industries
• Archies
• Rajdarshan Industries
• Arman Financial Services
• Art Nirman
• Amit Spinning Industries
• Bartronics India
• Astron Paper & Board Mill
• Atal Realtech
• ATLANTAA
• AVG Logistics
• Avonmore Capital & Management Services
• AVRO INDIA
• Bajaj Healthcare
• Balkrishna Paper Mills
• Bang Overseas
• Bannari Amman Spinning Mills
• B&B Triplewall Containers
• Beardsell
• Bedmutha Industries
• BF Investment
• BF Utilities
• Bhandari Hosiery Exports
• BLB
• B. L. Kashyap and Sons
• Bodal Chemicals
• Bohra Industries
• Borosil
• Brooks Laboratories
• Bodhi Tree Multimedia
• Barak Valley Cements
• Capacit'e Infraprojects
• Cinevista
• Coastal Corporation
• Coffee Day Enterprises
• Commercial Syn Bags
• Creative Eye
• Crest Ventures
• DEE Development Engineers
• DEEP ENERGY RESOURCES
• DELPHI WORLD MONEY
• Digjam
• Debock Industries
• DJ Mediaprint & Logistics
• D P Wires
• DS Kulkarni Developers
• Ducon Infratechnologies
• Eastern Sug & Inds
• EID Parry India
• Equinox India Developments
• Energy Development Company
• Entero Healthcare Solutions
• Ethos
• Future Consumer
• Filatex Fashions
• Flexituff Ventures International
• Gabriel India
• Ganges Securities
• Generic Engineering Construction and Projects
• Genesys International Corporation
• Glenmark Pharmaceuticals
• Globe Textiles (India)
• GMR Power and Urban Infra
• Goenka Diamond and Jewels
• Orient Green Power Company
• Global Surfaces
• GSS Infotech
• GTL
• Gufic Biosciences
• Gujarat Apollo Industries
• Gujarat Raffia Industries
• GVK Power & Infrastructure
• Hindustan Aeronautics
• Hardwyn India
• Housing Development and Infrastructure
• Hinduja Global Solutions
• Hindustan Composites
• Hindusthan National Glass & Industries
• HMA Agro Industries
• HMT
• Hindprakash Industries
• Industrial Investment Trust
• Indian Card Clothing Company
• Indowind Energy
• International Conveyors
• IRM Energy
• Jai Corp
• Jayant Agro Organics
• Jayaswal Neco Industries
• JBF Industries
• Jindal Poly Films
• Jindal Cotex
• JITF Infralogistics
• Jaiprakash Associates
• Kakatiya Cement Sugar & Industries
• Sai Silks (Kalamandir)
• Kaushalya Infrastructure Development Corporation
• Kavveri Telecom Products
• KBC Global
• KDDL
• DSJ Keep Learning
• KIOCL
• Kirloskar Industries
• Kitex Garments
• KNR Constructions
• Kridhan Infra
• Lasa Supergenerics
• Libas Consumer Products
• Lokesh Machines
• Lux Industries
• Lypsa Gems & Jewellery
• Madras Fertilizers
• Mahamaya Steel Industries
• Maheshwari Logistics
• Maithan Alloys
• Marathon Nextgen Realty
• Max India
• Mazagon Dock Shipbuilders
• Mcleod Russel India
• Melstar Information Technologies
• Modi Rubber
• Modern Threads (India)
• MSP Steel & Power
• Manoj Vaibhav Gems N Jewellers
• NACL Industries
• Nahar Industrial Enterprises
• Nandan Denim
• Nectar Lifesciences
• National Fertilizers
• Nakoda Group of Industries
• Nitiraj Engineers
• Orissa Bengal Carrier
• Ola Electric Mobility
• Onelife Capital Advisors
• Oricon Enterprises
• ORIENT CERATECH
• ShreeOswal Seeds And Chemicals
• Palash Securities
• Panacea Biotec
• Apeejay Surrendra Park Hotels
• Pavna Industries
• PC Jeweller
• Pitti Engineering
• Polyplex Corporation
• Prakash Pipes
• Precot
• Prudential Sugar Corporation
• Radaan Mediaworks India
• Rajesh Exports
• Rajnandini Metal
• Raj Television Network
• Shree Rama Newsprint
• Rama Phosphates
• Rama Steel Tubes
• RBZ Jewellers
• Redtape
• Regency Ceramics
• Reliance Chemotex Industries
• Reliance Infrastructure
• Remsons Industries
• Rudrabhishek Enterprises
• RHI MAGNESITA INDIA
• Radha Madhav Corporation
• Royal Orchid Hotels
• Rollatainers
• Raj Oil Mills
• Reliance Power
• S&S Power Switchgears
• Sri Adhikari Brothers Television Network
• Sadbhav Engineering
• Sakthi Sugars
• Sakuma Exports
• Salasar Techno Engineering
• Sanstar
• SECUREKLOUD TECHNOLOGIES
• SEPC
• Sequent Scientific
• Setco Automotive
• Synergy Green Industries
• Shirpur Gold Refinery
• Shriram Properties
• Signet Industries
• Sigma Solve
• Softtech Engineers
• Somi Conveyor Beltings
• Sreeleathers
• SRG Housing Finance
• Sree Rayalaseema Hi-Strength Hypo
• SRM Contractors
• Shree Ram Proteins
• Stanley Lifestyles
• Superhouse
• Super Spinning Mills
• Suprajit Engineering
• Suvidhaa Infoserve
• Swan Energy
• Tarmat
• Tarsons Products
• TGB Banquets And Hotels
• TIL
• Trigyn Technologies
• T T
• UCAL
• Uniinfo Telecom Services
• United Polyfab Gujarat
• Udayshivakumar Infra
• Uttam Sugar Mills
• Vaishali Pharma
• Valecha Engineering
• Vardhman Polytex
• Vascon Engineers
• Vaswani Industries
• Vardhman Holdings
• Vinny Overseas
• VIP Clothing
• Visa Steel
• Vishnu Chemicals
• Vishwaraj Sugar Industries
• W S Industries (I)
• Zota Health Care

Results

• Nile Q1 net profit increased by 60% to ₹8 crore from ₹5 crore YoY.
• Vodafone Idea Q1 net loss narrowed to ₹6,432 crore.
• Ipca Laboratories Q1 net profit rose 18.1% to ₹192.2 crore from ₹162.8 crore YoY.
• Dilip Buildcon's Q1 net profit reached ₹119.5 crore from ₹12.7 crore YoY.
• Patel Engineering's Q1 net profit grew 25.8% to ₹48.2 crore from ₹38.3 crore YoY.
• Godrej Industries Q1 net profit surged 81.1% to ₹322.5 crore from ₹178.1 crore YoY.
• Rico Auto's Q1 net profit slightly declined by 1.8% to ₹5.6 crore from ₹5.7 crore YoY.
• Gujarat Fluorochemicals Q1 net profit fell 46.3% to ₹108 crore from ₹201 crore YoY.
• Mukka Proteins Q1 net profit increased by 11% to ₹4 crore from ₹3.6 crore YoY.
• DCW Q1 net profit decreased by 30% to ₹7 crore from ₹10 crore YoY.
• FACT Q1 net loss at ₹48.7 crore compared to a profit of ₹71.8 crore YoY.
• Hindalco's Q1 net profit rose to ₹1,471 crore from ₹600 crore YoY.
• Easy Trip Q1 net profit increased by 24.6% to ₹32.4 crore from ₹26 crore YoY.
• Samvardhana Motherson's Q1 net profit surged 65.4% to ₹994.2 crore from ₹601 crore YoY.
• IRCTC Q1 net profit grew 32.5% to ₹307.7 crore from ₹232.2 crore YoY.

Date: 12 August 2024 Stock Market Highlights

In the midst of heightened market volatility, the stock market today concluded the session with a slight decrease, as the Nifty closed below the 24,350 mark subsequent to allegations made by US-based Hindenburg Research against the chairperson of the Securities and Exchange Board of India (Sebi).

• Sensex was down by 56.99 points or 0.07%, closing at 79,648.92.
• Nifty concluded the day at 24,347, increasing by 20.50 points or 0.08%.
• Bank Nifty ended the day with a surge of 93.45 points or 0.19% at 50,577.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• FMCG, power, PSU Bank, and media sectors declined 0.5-2%.
• Bank, telecom, IT, oil & gas, metal, and realty sectors gained 0.3-1%.
• The BSE midcap index ended flat.
• The smallcap index rose by 0.5%.

Market Update

• USFDA issues an Establishment Inspection Report (EIR) to Dr. Reddy's Visakhapatnam facility.
• Brightcom Group to establish new entities in London and Hong Kong.
• Canara Bank raises lending rate by 5 bps across tenures, effective August 12.
• NBCC India secures new work order worth Rs 719 crore.
• SEPC receives notice to commence construction of a cement project in Tashkent for USD 325 million.
• Ola Electric shares hit the upper circuit for the second consecutive day.
• Bharti Global to acquire a 24.5% stake in BT Group plc from Altice UK.
• IDBI Trusteeship admits Coffee Day into NCLT for the initiation of the Corporate Insolvency Resolution Process.
• Bank of Baroda raises lending rates by 5 bps on its three-month, six-month, and one-year tenures, effective August 12.
• ONGC to infuse additional capital of up to Rs 10,501 crore in ONGC Petro Addition.
• Kotak Mahindra Bank acquires 30 lakh equity shares of Open Network.
• BHEL secures an order for a 1600 MW Koderma Supercritical Thermal Power Project.
• Saraswati Saree Depot IPO subscribed 4.35 times on the first day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 13th August 2024

• Allied Blenders and Distillers
• Abhishek Corporation
• Ahluwalia Contracts (India)
• Allcargo Logistics
• Alpa Laboratories
• Amrutanjan Health Care
• Anik Industries
• Anupam Rasayan India
• Apollo Hospitals Enterprise
• Apollo Sindoori Hotels
• Archidply Industries
• Arcotech
• Aries Agro
• ARSS Infrastructure Projects
• Arvee Laboratories (India)
• Ashapura Minechem
• Ashoka Buildcon
• Astra Microwave Products
• Atcom Technologies
• Awfis Space Solutions
• Bafna Pharmaceuticals
• Baid Finserv
• Banka BioLoo
• Black Box
• Bigbloc Construction
• Binani Industries
• Biofil Chemicals & Pharmaceuticals
• Blue Chip India
• Borosil Scientific
• Bharat Road Network
• Cantabil Retail India
• Career Point
• Country Club Hospitality & Holidays
• Cerebra Integrated Technologies
• Cineline India
• Consolidated Finvest & Holdings
• Country Condo's
• Cambridge Technology Enterprises
• Cubex Tubings
• Cura Technologies
• Dilip Buildcon
• Valor Estate
• Dishman Carbogen Amcis
• DC Infotech and Communication
• DCM 
• DCW
• Delta Manufacturing
• Dhunseri Investments
• DIC India
• Dish TV India
• DMCC SPECIALITY CHEMICALS
• Diligent Media Corporation
• Donear Industries
• Dhunseri Tea & Industries
• Dynemic Products
• Easy Trip Planners
• eClerx Services
• Everest Kanto Cylinder
• Emami Realty
• Emcure Pharmaceuticals
• Endurance Technologies
• EPL
• Equippp Social Impact Technologies
• Fertilizers and Chemicals Travancore
• Faze Three
• FCS Software Solutions
• Fiem Industries
• Gujarat Fluorochemicals
• Federal-Mogul Goetze (India) .
• Future Market Networks
• Genus Paper & Boards
• GFL
• Grand Foundry
• GKW
• GMR Airports Infrastructure
• Gujarat Narmada Valley Fertilizers and Chemicals
• GOCL Corporation
• Godha Cabcon & Insulation
• Godrej Industries
• AION-TECH SOLUTIONS
• GPT Healthcare
• The Grob Tea Company
• GTL Infrastructure
• GP Petroleums
• Gulshan Polyols
• Harrisons  Malayalam
• Heads UP Ventures
• HEG
• Hemisphere Properties India
• Hero MotoCorp
• HIL
• Hindalco Industries
• Hindustan Foods
• Hubtown
• IMP Powers
• Indosolar
• Ind-Swift
• IPCA Laboratories
• Indian Railway Catering And Tourism Corporation
• Intrasoft Technologies
• Isgec Heavy Engineering
• India Tourism Development Corporation
• Jindal Photo
• Jindal Worldwide
• Jullundur Motor Agency (Delhi)
• JNK India
• Jindal Poly Investment and Finance Company
• Kewal Kiran Clothing
• Kohinoor Foods
• Kshitij Polyline
• Lambodhara Textiles
• Landmark Cars
• Latteys Industries
• Laxmi Cotspin
• Laxmi Goldorna House
• Maan Aluminium
• Macpower CNC Machines
• Madhav Marbles and Granites
• Magadh Sugar & Energy
• Maha Rashtra Apex Corporation
• Malu Paper Mills
• Manaksia
• Manaksia Steels
• Manappuram Finance
• Mangalam Drugs And Organics
• Marksans Pharma
• Mcnally Bharat Engineering Company
• MBL Infrastructure
• Medi Assist Healthcare Services
• Medicamen Biotech
• Max Financial Services
• Mahalaxmi Rubtech
• MIRC Electronics
• MITCON Consultancy & Engineering Services
• M K Proteins
• MODISON
• Samvardhana Motherson International
• Mstc
• Mtar Technologies
• MT Educare
• Mufin Green Finance
• Mukka Proteins
• Muthoot Finance
• Nagreeka Exports
• Nazara Technologies
• NBCC (India)
• N. B. I. Industrial Finance Company
• Naga Dhunseri Group
• NINtec Systems
• Niraj Cement Structurals
• Nitco
• Nalwa Sons Investments
• NMDC Steel
• FSN E-Commerce Ventures
• Omaxe
• One Point One Solutions
• Optiemus Infracom
• Ortin Laboratories
• Panache Digilife
• Patel Engineering
• Pearl Polymers
• Piramal Enterprises
• Power & Instrumentation (Gujarat)
• Plaza Wires
• Pokarna
• Prakash Steelage
• Premier
• Prozone Realty
• PTC India
• Popular Vehicles and Services
• Race Eco Chain
• Radhika Jeweltech
• Rainbow Childrens Medicare
• Raj Rayon Industries
• Ramky Infrastructure
• Rana Sugars
• Ratnamani Metals & Tubes
• Religare Enterprises
• Rico Auto Industries
• Ravi Kumar Distilleries
• RKEC Projects
• Sab Events & Governance Now Media
• Sakar Healthcare
• Sammaan Capital
• The Sandesh
• Sanwaria Consumer
• Sarveshwar Foods
• Shipping Corporation of India Land and Assets
• SecMark Consultancy
• STL Global
• Shanti Overseas (India)
• Shivalik Rasayan
• S H Kelkar and Company
• Sical Logistics
• Silgo Retail
• Simbhaoli Sugars
• Sindhu Trade Links
• SKF India
• Sarthak Metals
• SPL Industries
• Star Paper Mills
• Sterling Tools
• Suryalakshmi Cotton Mills
• SVP GLOBAL TEXTILES
• Tarapur Transformers
• TBO Tek
• TCI Express
• TD Power Systems
• Techno Electric & Engineering Company
• Texmo Pipes and Products
• Texmaco Rail & Engineering
• Tourism Finance Corporation of India
• Tide Water Oil Company (India)
• Technocraft Industries (India)
• Tamil Nadu Newsprint & Papers
• Tamilnadu Telecommunication
• TruCap Finance
• TV Vision
• Ujaas Energy
• The Ugar Sugar Works
• Uma Exports
• Usha Martin Education & Solutions
• United Drilling Tools
• Uniphos Enterprises
• Univa Foods
• Univastu India
• Universus Photo Imagings
• Uravi T and Wedge Lamps
• Valiant Organics
• Vaxtex Cotfab
• Venus Remedies
• Veto Switchgears And Cables
• Vineet Laboratories
• Vishnu Prakash R Punglia
• Vibhor Steel Tubes
• V.S.T Tillers Tractors
• Williamson Magor & Company
• Windlas Biotech
• Windsor Machines
• Yatharth Hospital & Trauma Care Services
• Zenith Steel Pipes & Industries

Results

• Aurobindo Pharma Q1 net profit up 61% to Rs 919 crore.
• Nirlon Q1 net profit flat at Rs 50 crore; revenue up 5.6% to Rs 156.5 crore, YoY.
• Cera Sanitaryware Q1 net profit down 16.5% to Rs 47 crore vs Rs 56.3 crore, YoY.
• Navneet Education Q1 adjusted profit down 15% to Rs 41 crore vs Rs 48 crore, YoY.
• Hi-Tech Pipes Q1 net profit at Rs 18 crore vs Rs 8 crore, YoY.
• Andhra Sugar's Q1 net profit down 29.5% to Rs 14.8 crore vs Rs 21 crore YoY.
• Dhanlaxmi Bank Q1 net loss at Rs 8 crore vs profit of Rs 28.3 crore, YoY.
• PNC Infratech Q1 profit surges 218.4% to Rs 575.2 crore vs Rs 180.6 crore, YoY.
• Shipping Corporation Q1 profit up 70% to Rs 291.5 crore vs Rs 171.6 crore, YoY.
• Avadh Sugar's Q1 net profit down 59.5% to Rs 9 crore vs Rs 22.2 crore YoY.
• Bajaj Hindusthan Sugar Q1 net loss at Rs 66.5 crore vs loss of Rs 75 crore, YoY.
• Natco Q1 net profit Rs 669 crore, up 59% YoY; revenue Rs 1,360 crore, up 19% YoY.
• Man Industries Q1 net profit down 21% YoY to Rs 19 crore; revenue down 7.6% to Rs 749 crore.
• Heranba Industries Q1 net profit at Rs 16.6 crore vs loss of Rs 5.6 crore, YoY.
• Borosil Renewables Q1 net loss at Rs 14.2 crore vs loss of Rs 11.5 crore, YoY.
• NALCO Q1 net profit up 72.1% YoY; revenue down 10.2% to Rs 2,856 crore.
• AIA Engineering Q1 net profit down 4.4% YoY to Rs 260 crore; revenue at Rs 1,020 crore, down 18% YoY.
• Subros Q1 net profit at Rs 35 crore vs Rs 13.6 crore, YoY; revenue up 16.7% to Rs 809 crore.
• Rategain Travel Technologies Q1 net profit up 82% to Rs 45.3 crore vs Rs 24.9 crore YoY.
• Juniper Hotels Q1 net profit at Rs 11.6 crore vs loss of Rs 11 crore, YoY.
• Balrampur Chini Mill's Q1 profit is down to Rs 70 crore vs Rs 74 crore YoY.
• ITI Q1 loss at Rs 91.3 crore vs loss of Rs 102.8 crore, YoY.

Date: 9 August 2024 Stock Market Highlights

The stock market today rebounded, erasing previous losses with a sector-wide rally driving the positive momentum. Broad-based buying restored optimism following recent declines.

• Sensex was up by 819.69 points or 1.04%, closing at 79,705.91
• Nifty concluded the day at 24,367.50, increasing by 250.50 points or 1.04%.
• Bank Nifty ended the day with a surge of 327.80 points or 0.65% at 50,484.50.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• All the sectoral indices are trading in the green, with auto, capital goods, IT, power, realty, PSU Bank, and media up 1-2%.
• BSE Midcap index rose 1%.
• Smallcap index rose 0.8%.

Market Update

• HCLSoftware intends to acquire metadata management software provider Zeenea.
• Sixth Sense India Opportunities II offloads 0.6% shares of JHS Svendgaard Laboratories.
• Standard Chartered Bank sells its entire stake in Protean eGov Technologies.
• GAIL India partners with Rajasthan Rajya Vidyut Utpadan Nigam.
• JSW Steel's capacity utilization at Indian operations stands at 91%.
• Suzlon Energy crosses a market cap of Rs 1 lakh crore.
• NBCC bags an order worth Rs 15,000 crore from Srinagar Development Authority.
• LIC is considering introducing higher ticket-size products to absorb the impact of new surrender value norms.
• SJVN's subsidiary commissions the 90 MW Omkareshwar Floating Solar Project.
• Zydus receives final approval from the USFDA for Valbenazine Capsules.
• Granules India gets USFDA approval for Trazodone tablets.
• Godrej Properties emerges as the highest bidder for two land parcels in Greater NOIDA.
• Ola Electric Mobility lists at Rs 76 per share, hits the upper circuit at Rs 91 and closes at that level.
• Saraswati Saree Depot IPO is to open for subscription from Monday, i.e. 12th August 2024.

Q1 Results (FY24 - 25)

Upcoming Results on 10th August 2024

• Advanced Enzyme Technologies
• Anmol India
• Apex Frozen Foods
• APL Apollo Tubes
• Atul Auto
• Aurobindo Pharma
• Autoline Industries
• AYM Syntex
• Crown Lifters
• EMS
• Exxaro Tiles
• Finolex Cables
• Flair Writing Industries
• Ganesha Ecosphere
• Global Education
• HEC Infra Projects
• Hisar Metal Industries
• HOV Services
• IFGL Refractories
• Indo Thai Securities
• Jagran Prakashan
• Nandani Creation
• Jyoti CNC Automation
• Kamdhenu Ventures
• Kapston Services
• Khaitan (India)
• Lakshmi Finance & Industrial Corporation
• Lumax Auto Technologies
• Mawana Sugars
• Metropolis Healthcare
• Narmada Agrobase
• Nila Infrastructures
• Nova Agritech
• PAKKA
• PNC Infratech
• PPAP Automotive
• Precision Wires India
• Reliance Communications
• Suratwwala Business Group
• Shradha Infraprojects
• Sirca Paints India
• Smartlink Holdings
• S. P. Apparels
• Stove Kraft
• Supriya Lifescience
• Tantia Constructions
• TVS Electronics
• Vinati Organics
• Vraj Iron and Steel
• West Coast Paper Mills
• Zuari Industries

Upcoming Results on 12th August 2024

• 63 moons technologies
• Aaa Technologies
• Accuracy Shipping
• AIA Engineering
• Alembic
• Almondz Global Securities
• Ami Organics
• Ansal Properties & Infrastructure
• Ashiana Housing
• Ashoka Metcast
• Asian Energy Services
• Asian Hotels (North)
• ATN International
• Avadh Sugar & Energy
• B.A.G Films and Media
• Bajaj Hindusthan Sugar
• Bal Pharma
• Balrampur Chini Mills
• Brightcom Group
• Bcl Industries
• Brand Concepts
• Best Agrolife
• Bharatiya Global Infomedia
• Bkm Industries
• BOROSIL RENEWABLES
• Camlin Fine Sciences
• Campus Activewear
• Cera Sanitaryware
• DCX Systems
• Dhanlaxmi Bank
• Dharmaj Crop Guard
• Dharani Sugars & Chemicals
• Dollar Industries
• DOMS Industries
• Dynacons Systems & Solutions
• Dhunseri Ventures
• Eastern Silk Industries
• Euro India Fresh Foods
• Eldeco Housing And Industries
• Elgi Rubber Company
• Emmbi Industries
• Ester Industries
• Fedders Electric and Engineering
• Fiberweb (India)
• Foods & Inns
• Gallantt Ispat
• Gandhi Special Tubes
• Ganesh Benzoplast
• GB Global
• Gensol Engineering
• Gujarat Industries Power Company
• Globus Spirits
• Goyal Aluminiums
• GRM Overseas
• Happiest Minds Technologies
• Heranba Industries
• Hercules Hoists
• Hilton Metal Forging
• Hindustan Copper
• Hindustan Oil Exploration Company
• Hi-Tech Pipes
• HP Adhesives
• Housing & Urban Development Corporation
• ICDS
• Vodafone Idea
• Indo Borax & Chemicals
• Ind-Swift Laboratories
• Ingersoll Rand (India)
• Indian Railway Finance Corporation
• ITI
• IL&FS Investment Managers
• IZMO
• Jet Freight Logistics
• JHS Svendgaard Laboratories
• Jubilant Industries
• Juniper Hotels
• Kalyani Commercials
• Kamat Hotels (I)
• Kanani Industries
• Karma Energy
• Keynote Financial Services
• Khaitan Chemicals & Fertilizers
• Khandwala Securities
• Kiri Industries
• Krystal Integrated Services
• Kaveri Seed Company
• Lorenzini Apparels
• La Opala RG
• LCC Infotech
• Linc
• Lords Chloro Alkali
• Landmark Property Development Company
• Man Industries (India)
• Manomay Tex India
• Manugraph India
• Marine Electricals (India)
• Medico Remedies
• MM Forgings
• Morepen Laboratories
• The Motor & General Finance
• Mukta Arts
• Munjal Showa
• Nagreeka Capital & Infrastructure
• Nahar Capital and Financial Services
• Nahar Poly Films
• Nahar Spinning Mills
• Natco Pharma
• National Aluminium Company
• Navneet Education
• NGL Fine-Chem
• Nila Spaces
• Niraj Ispat Industries
• NMDC
• N R Agarwal Industries
• NRB Bearing
• Neueon Towers
• Oriental Carbon & Chemicals
• Oil Country Tubular
• Olectra Greentech
• Orchid Pharma
• Orient Press
• The Orissa Minerals Development Company
• Pansari Developers
• Parsvnath Developers
• Pennar Industries
• Pearl Global Industries
• Pilani Investment and Industries Corporation
• Pioneer Embroideries
• Platinum Industries
• Power Mech Projects
• Prakash Industries
• Priti International
• PVP Ventures
• Rategain Travel Technologies
• Rashtriya Chemicals and Fertilizers
• Reliable Data Services
• Responsive Industries
• JHS Svendgaard Retail Ventures
• Renaissance Global
• Rossell India
• R.P.P. Infra Projects
• RattanIndia Enterprises
• The Ruby Mills
• Ravinder Heights
• Sadbhav Infrastructure Project
• Salona Cotspin
• Sambhaav Media
• Sampann Utpadan India
• Sangam (India)
• Sanwaria Consumer
• S Chand And Company
• Sejal Glass
• Senco Gold
• Shivam Autotech
• Shyam Telecom
• Standard Industries
• Silver Touch Technologies
• Sintercom India
• South West Pinnacle Exploration
• SPML Infra
• Subros
• Sumit Woods
• Sundaram Multi Pap
• Sunflag Iron And Steel Company
• Sunteck Realty
• Swelect Energy Systems
• Syncom Formulations (India)
• TARC
• Tembo Global Industries
• Thomas Scott (India)
• Tilaknagar Industries
• Time Technoplast
• Total Transport Systems
• Touchwood Entertainment
• UFLEX
• Universal Cables
• Usha Martin
• Vakrangee
• Valiant Laboratories
• Vindhya Telelinks
• Visaka Industries
• Visesh Infotecnics
• Wanbury
• Weizmann
• Wonder Electricals
• The Western India Plywoods
• Xelpmoc Design And Tech
• Yatra Online
• Zenith Exports

Results

• India Cements Q1 consolidated net profit at Rs 58.5 crore versus a loss of Rs 87.4 crore YoY; total income drops to Rs 1,042 crore in Q1FY25.
• Gujarat State Petronet Q1 profit grows 21.3% to Rs 526.5 crore versus Rs 434 crore YoY.
• Trent Q1 net profit at Rs 391.2 crore versus Rs 166.7 crore YoY.
• Zydus Life Q1 net profit at Rs 1,419.9 crore.
• Kolte Patil's Q1 net profit is down 86.5% at Rs 6.2 crore versus Rs 46 crore YoY.
• Alkem Labs Q1 net profit down 97% at Rs 545 crore versus Rs 277 crore YoY.
• NCL Industries Q1 profit is down at Rs 13 crore versus Rs 31 crore YoY.
• Info Edge Q1 profit at Rs 232 crore versus Rs 159 crore YoY.
• Matrimony.com's Q1 net profit is flat at Rs 14 crore YoY.
• Precision Camshafts Q1 net profit at Rs 11.7 crore versus Rs 4 crore YoY.
• Ruchira Papers Q1 net profit down 32% at Rs 15 crore versus Rs 22 crore YoY.
• Grasim Industries Q1 net loss at Rs 52.1 crore; revenue at Rs 6,893.7 crore.
• Electronics Mart Q1 net profit up 20.3% at Rs 72.4 crore versus Rs 60 crore YoY.
• IRB Infra Q1 net profit Rs 140 crore, up 4.5% YoY; revenue Rs 1,850 crore, up 13% YoY.
• Berger Paints Q1 net profit is down 0.2% at Rs 353.6 crore versus Rs 354 crore YoY.
• Wockhardt Q1 loss at Rs 14 crore versus Rs 134 crore YoY.
• Insecticides India's Q1 net profit is up at Rs 49 crore versus Rs 29 crore YoY.
• Honasa Consumer Q1 net profit up 62.7% at Rs 40.2 crore versus Rs 24.7 crore YoY.

Date: 8 August 2024 Stock Market Highlights

The stock market today experienced a decline in some of the gains from the previous session due to high volatility. This was because the RBI policy announcement aligned with expectations, keeping key rates unchanged, while the Monetary Policy Committee maintained its stance on withdrawing accommodation.

• Sensex was down by 581.78 points or 0.73%, closing at 79,886.22.
• Nifty concluded the day at 24,117, decreasing by 180.50 points or 0.74%.
• Bank Nifty ended the day with a surge of 37.70 points or 0.08% at 50,156.70

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• On the sectoral front, except for pharma, healthcare, and media, all other indices ended in the red.
• Metal, realty, oil & gas, and information technology indices were down 1-2%.
• The BSE Midcap index declined by 0.4%.
• The Smallcap index ended flat.

Market Update

• Kotak Mahindra MF buys 0.94% stake in Sapphire Foods India.
• TA FDI Investors sells 4.3% stake in TCNS Clothing Company.
• JSW Energy arm receives Letter of Award from Solar Energy Corporation.
• Maruti Suzuki to recall over 2,000 Alto K10 vehicles for a possible defect.
• Caplin Point receives final US FDA ANDA nod for Timolol Maleate Ophthalmic Solution.
• GRM Overseas expands global presence through partnership with Solariz Invest in Morocco.
• Metro Brands forms strategic partnership with New Era Cap, the New York-based brand revolutionizing sports fashion headwear.
• Ranen Banerjee appointed as Partner and Leader Economic Advisory, PwC India.
• TVS Supply Chain Solutions secures new business contract.
• Vipul Organics develops a new organic intermediate.
• SJVN to raise funds via securitization of assets and stake sale in its arm.
• RBI keeps repo rate unchanged at 6.5%.
• MSF & SDF rates remain unchanged at 6.75% & 6.25%, respectively.
• Q1FY25 GDP growth target revised to 7.1% from 7.3%.
• RBI adjusts CPI inflation forecast for Q2FY25 to 4.4%, up from the previous estimate of 3.8%.
• India’s foreign exchange reserves reach a record high of $675 billion as of August 2, 2024.
• Brainbees Solutions (FirstCry) IPO and Unicommerce eSolutions IPO subscribed 12.22 times and 168.35 times, respectively, on the final day of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 9th August 2024

• Aarti Industries
• ABM International
• Asian Hotels (East)
• Asian Hotels (West)
• Ajooni Biotech
• Albert David
• Alkem Laboratories
• Ambika Cotton Mills
• AMD Industries
• Apollo Micro Systems
• Arihant Superstructures
• Aspinwall and Company
• AVT Natural Products
• Axita Cotton
• Bajaj Consumer Care
• Balaji Telefilms
• Balkrishna Industries
• Banco Products (I)
• Bharat Dynamics
• Berger Paints (I)
• BGR Energy Systems
• Bhartiya International
• Birla Cable
• The Byke Hospitality Ltd
• Century Extrusions
• Centum Electronics
• CESC
• Cholamandalam Financial Holdings
• Concord Biotech
• Control Print
• Deccan Cements
• Dhani Services
• Diamines & Chemicals
• Digidrive Distributors
• Divgi Torqtransfer Systems
• Dredging Corporation of India
• Dynamatic Technologies
• Emami Paper Mills
• Electronics Mart India
• Engineers India
• Excel Industries
• Fineotex Chemical
• GE Power India
• General Insurance Corporation of India
• Gloster
• Goldiam International
• Grasim Industries
• Hariom Pipe Industries
• HB Stockholdings
• Hindware Home Innovation
• HLV
• HMT
• Honasa Consumer
• IFB Agro Industries
• IFB Agro Industries
• IKIO Lighting
• The India Cements
• Indo Rama Synthetics (India)
• Innova Captab
• Inox Green Energy Services
• INOX India
• Inox Wind
• Insecticides (India)
• IOL Chemicals and Pharmaceuticals
• IRB Infrastructure Developers
• Inox Wind Energy
• Jayshree Tea & Industries
• Jupiter Life Line Hospitals
• Jyoti Structures
• Kalyani Forge
• Kamdhenu
• Kanpur Plastipack
• Kolte - Patil Developers
• Liberty Shoes
• Likhitha Infrastructure
• Loyal Textile Mills
• Lyka Labs
• Manaksia Aluminium Company
• C.E. Info Systems
• Mask Investments
• Matrimony.Com
• Max Estates
• Megastar Foods
• Metro Brands
• Mishra Dhatu Nigam
• MMTC
• Mohit Industries
• Moksh Ornaments
• Muthoot Microfin
• Info Edge (India)
• Navkar Corporation
• NCL Industries
• Indo-National
• Noida Toll Bridge Company
• Orbit Exports
• Paisalo Digital
• Paisalo Digital
• Pasupati Acrylon
• Prime Focus
• Pix Transmissions
• Precision Camshafts
• Pritika Auto Industries
• Prism Johnson
• Pyramid Technoplast
• Reliance Capital
• Repro India
• Rishabh Instruments
• Rolex Rings
• Roto Pumps
• RPSG VENTURES
• Rashi Peripherals
• RSWM
• Ruchira Papers
• Rupa & Company
• Sagardeep Alloys
• S.A.L. Steel
• Satia Industries
• Sat Industries
• Saurashtra Cement
• Shipping Corporation Of India
• Shah Alloys
• Shiva Mills
• Shiva Texyarn
• Shree Pushkar Chemicals & Fertilisers
• Shree Rama Multi-Tech
• Shyam Century Ferrous
• Siemens
• Sinclairs Hotels
• Sky Gold
• SMS Lifesciences India
• Star Cement
• Starteck Finance
• Sumeet Industries
• Sundaram Clayton
• Sundaram Brake Linings
• Sun TV Network
• Surya Roshni
• Suven Pharmaceuticals
• The Investment Trust Of India
• Thejo Engineering
• Tijaria Polypipes
• Times Guaranty
• TPL Plastech
• Trent
• Visagar Polytex
• VLS Finance
• WE WIN
• Wockhardt
• Xchanging Solutions
• Zydus Lifesciences

Results

• BSE Ltd's Q1 net profit at Rs 265 crore, jumps nearly 4-fold YoY.
• NSE's net profit jumps 39% to Rs 2,567 crore in Q1FY25.
• ITD Cementation profit surges 91.4% to Rs 100.2 crore.
• KPI Green Q1 net profit up 98% YoY; revenue up 84% at Rs 348 crore.
• Nava Q1 net profit rises 36.3% to Rs 355.7 crore vs Rs 261 crore, YoY.
• Bharat Forge Q1 net profit at Rs 269.4 crore.
• Snowman Logistics Q1 net profit down 48% to Rs 1.8 crore vs Rs 3 crore, YoY.
• Ajmera Realty Q1 net profit up 48.8% to Rs 31.4 crore vs Rs 21 crore, YoY.
• Lemon Tree Hotels profit declines 26.9% to Rs 20.1 crore vs Rs 27.5 crore, YoY.
• Unichem Laboratories Q1 net profit at Rs 9 crore vs loss of Rs 0.7 crore, YoY.
• MRF Q1 net profit down 3.3% to Rs 562.6 crore vs Rs 581.5 crore, YoY.
• Alembic Pharma Q1 net profit up 11.7% to Rs 134.7 crore vs Rs 121 crore, YoY.
• Garden Reach Q1 net profit up 13.7% to Rs 87.2 crore vs Rs 77 crore, YoY.
• RVNL Q1 net profit down 35% to Rs 224 crore; revenue down 27% at Rs 4,074 crore.
• AstraZeneca Q1 net loss at Rs 11.8 crore vs profit of Rs 54 crore, YoY.
• Page Industries Q1 net profit up 4.3% to Rs 165.2 crore vs Rs 158 crore, YoY.
• Carysil India Q1 net profit up 37% to Rs 15.9 crore vs Rs 12 crore, YoY.
• Shilpa Medicare Q1 net profit at Rs 14.1 crore vs Rs 1.2 crore, YoY.

Date: 7 August 2024 Stock Market Highlights

The stock market today broke a three-day losing streak and finished in positive territory, with the Nifty closing near the significant 24,300 level. This upward movement was driven by purchasing activities across various sectors and anticipation of the RBI policy announcement scheduled for the next day.

• Sensex was up by 874.94 points or 1.11%, closing at 79,468.01.
• Nifty concluded the day at 24,297.50, increasing by 304.95 points or 1.27%.
• Bank Nifty ended the day with a surge of 370.70 points or 0.75% at 50,119.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week Low Stocks of Nifty 50

Roundup of Stock Market Today

Sector Update

• All the sectoral indices ended in the green, with metal, healthcare, media, power, telecom, oil & gas, and capital goods up 2-3%.
• BSE Midcap index and Smallcap indices closed 2% higher each.

Market Update

• Bajaj Auto to launch two new Triumph bikes in the 400cc segment ahead of the festive season
• Suzlon Energy to acquire a 76% stake in Renom Energy Services
• Altair and L&T Technology establish a digital twin center of excellence
• AIA Engineering announces a buyback of shares at Rs 5,000 per share; record date set for August 20, 2024
• Tata Motors launches new electric vehicle 'Tata Curvv'
• Shilpa Medicare completes phase 1 clinical trial for Recombinant Human Albumin 20%
• Kansai Nerolac commences commercial production at Atchutapuram manufacturing unit in Andhra Pradesh
• Jindal Saw to consider a stock split on August 14
• Ramco Systems secures a multi-year Canadian contract for aviation software
• Welspun Living to set up a fully automated pillow manufacturing unit in Ohio, US, for USD 12.5 million
• Brainbees Solutions (FirstCry) IPO and Unicommerce eSolutions IPO subscribed 0.30 times and 12.24 times, respectively, on Day 2 of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 8th August 2024

• Aaron Industries
• ABB India
• Agri-Tech (India)
• Ajmera Realty & Infra India
• Akg Exim
• Alicon Castalloy
• Amines & Plasticizers
• Artemis Medicare Services
• Ashima
• Astral
• AstraZeneca Pharma India
• Ausom Enterprise
• Avalon Technologies
• Antony Waste Handling Cell
• Azad Engineering
• Bajel Projects
• Bombay Burmah Trading Corporation
• Bharat Forge
• Bharat Gears
• Bharat Rasayan
• Biocon
• Birla Corporation
• Burnpur Cement
• CARYSIL
• Chemfab Alkalis
• Cheviot Company
• Cochin Shipyard
• Container Corporation of India
• Confidence Petroleum India
• COSMO FIRST
• DCM Financial Services
• DiGiSPICE Technologies
• Dreamfolks Services
• Eicher Motors
• Emkay Global Financial Services
• Essar Shipping
• Filatex India
• Galaxy Surfactants
• Garware Technical Fibres
• Gateway Distriparks
• GeeCee Ventures
• Greaves Cotton
• Garden Reach Shipbuilders & Engineers
• Garware Hi-Tech Films
• Gujarat Alkalies and Chemicals
• HBL Power Systems
• Healthcare Global Enterprises
• HCL Infosystems
• Highways Infrastructure Trust
• Hindcon Chemicals
• Hitech Corporation
• Ice Make Refrigeration
• IFCI
• Igarashi Motors India
• IL&FS Engineering and Construction Company
• INCREDIBLE INDUSTRIES
• Indian Hume Pipe Company
• India Shelter Finance Corporation
• Indo Amines
• Inspirisys Solutions
• Ircon International
• Iris Business Services
• IVP
• Jash Engineering
• JB Chemicals & Pharmaceuticals
• J.G.Chemicals
• Khadim India
• Kilitch Drugs (India)
• K.M.Sugar Mills
• Kopran
• KPI Green Energy
• Kritika Wires
• Life Insurance Corporation Of India
• Lincoln Pharmaceuticals
• Lumax Industries
• Mayur Uniquoters Ltd
• Global Health
• Minda Corporation
• Mindteck (India)
• MPS
• MRF
• Munjal Auto Industries
• NAVA
• NDL Ventures
• Ndr Auto Components
• The New India Assurance Company
• NOCIL
• Oil India
• Oriental Trimex
• Orient Paper & Industries
• Page Industries
• Paramount Communications
• PCBL
• Peninsula Land
• Poddar Pigments
• Praxis Home Retail
• Prudent Corporate Advisory Services
• Rajshree Sugars & Chemicals
• Robust Hotels
• R K Swamy
• Rail Vikas Nigam
• Sadhana Nitrochem
• Steel Authority of India
• Sandhar Technologies
• Sansera Engineering
• Seamec
• Shalimar Paints
• Shankara Building Products
• Shilpa Medicare
• Shiva Mills
• Shreyas Shipping & Logistics
• Snowman Logistics
• Sobha
• Southern Petrochemicals Industries Corporation 
• The State Trading Corporation of India
• Steelcast
• Sutlej Textiles and Industries
• Techindia Nirman
• TECIL Chemicals and Hydro Power
• Tega Industries
• Timken India
• Tokyo Plast International
• TVS Holdings
• Unichem Laboratories
• Uniparts India
• Unitech
• Vertoz
• Vidhi Specialty Food Ingredients
• VA Tech Wabag
• Zee Learn
• Zodiac Clothing Company

Results

• Linde India Q1 profit jumps 13%, revenue falls 9.4%
• Caplin Point Q1 net profit up 20% at Rs 124 crore vs Rs 103 crore, YoY
• WPIL Q1 net profit up 6.4% at Rs 43 crore vs Rs 40 crore, YoY
• Uno Minda Q1 net profit up 15% at Rs 199 crore vs Rs 173 crore, YoY
• Safari Industries Q1 net profit down 9.4% at Rs 44.4 crore vs Rs 49 crore, YoY
• Venky’s India Q1 net profit at Rs 75 crore vs Rs 19 crore, YoY
• Saksoft Q1 net profit up 1.6% at Rs 25.6 crore vs Rs 25 crore, YoY
• Automotive Axles Q1 net profit down 10%, revenue down 7.4% at Rs 492.4 crore
• Varroc Engg Q1 net profit up 0.6%, revenue up 5.2% at Rs 1,898.8 crore
• Pidilite Industries Q1 net profit up 21% YoY to Rs 570 crore, revenue at Rs 3,395 crore
• Sanghvi Movers Q1 net profit down 3.1% at Rs 40.5 crore vs Rs 42 crore, YoY
• DCM Shriram Q1 net profit up 16.3% at Rs 31.4 crore vs Rs 27 crore, YoY
• AB Fashion Q1 net loss at Rs 161.4 crore vs loss of Rs 141.4 crore, YoY
• Dr Lal PathLabs Q1 net profit at Rs 107.8 crore
• NLC India Q1 net profit up 38.4% at Rs 560 crore vs Rs 405 crore, YoY

Date: 6 August 2024 Stock Market Highlights

The stock market today was unable to sustain the positive momentum seen in the morning and concluded the trading day with a decline for the third consecutive session on August 6, amidst significant fluctuations driven by a combination of varied sectoral performances.

• Sensex was down by 166.33 points or 0.21%, closing at 78,593.07.
• Nifty concluded the day at 24,992.55, decreasing by 63.05 points or 0.26%.
• Bank Nifty ended the day with a loss of 343.80 points or 0.69% at 49,748.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

Roundup of Stock Market Today

Sector Update

• Among sectors, auto, bank, and oil & gas were down 0.5 percent each.
• IT, metal, and realty sectors were up 0.3-0.8 percent.
• The BSE midcap and smallcap indices each shed 0.5 percent.

Market Update

• Best Agrolife gets patent for Synergistic Fungicidal Composition.
• Patel Engineering JV bags project worth Rs 317.60 crore.
• Confidence Petroleum starts 13 additional auto LPG dispensing stations.
• Shahlon Silk Industries enters the warehouse business, and buys 20,409 sq. m. land.
• Tata Elxsi gets order from Medtech Co Skanray.
• Nazara Tech arm Sportskeeda to acquire Deltias Gaming LLC for Rs 7.5 crore.
• Lupin incorporates Lupin Lanka (Private) Ltd as its wholly-owned subsidiary in Sri Lanka.
• Biocon receives an Establishment Inspection Report (EIR) with Voluntary Action Indicated (VAI) from the USFDA.
• Symphony announces a buyback of shares at Rs 2500 per share; record date yet to be announced.
• Coal India signs a joint venture with GAIL to set up coal-to-synthetic natural gas plant.
• ITCONS E Solutions wins Rs 2.64 crore order.
• Ipca Lab's diabetic foot ulcer drug Diulcus gets India approval.
• Rajshree Polypack approves splitting each share into two.
• Ola Electric Mobility IPO subscribed 4.45 times on the final day of the bidding.
• Brainbees Solutions (FirstCry) IPO and Unicommerce eSolutions IPO subscribed 0.11 times and 2.42 times, respectively, on Day 1 of the bidding.

Q1 Results (FY24 - 25)

Upcoming Results on 7th August 2024

• Aadhar Housing Finance
• Aditya Birla Fashion and Retail
• Adroit Infotech
• Agarwal Industrial Corporation
• Abans Holdings
• Authum Investment & Infrastructure
• Anjani Portland Cement
• Apollo Tyres
• Automotive Axles
• Balaji Amines
• Bannari Amman Sugars
• BASF India
• BSE
• Caplin Point Laboratories
• CARE Ratings
• CCL Products (India)
• Chemplast Sanmar
• CL Educate
• Coromandel International
• DCM Shriram Industries
• Esab India
• FDC
• Gandhar Oil Refinery (India)
• GMM Pfaudler
• Godfrey Phillips India
• Godrej Consumer Products
• Gokaldas Exports
• Godawari Power And Ispat
• Gujarat Pipavav Port
• G-TEC JAINX EDUCATION
• Happy Forgings
• Harsha Engineers International
• Hindustan Motors
• ITD Cementation India
• Jagsonpal Pharmaceuticals
• Krishna Institute of Medical Sciences
• Kingfa Science & Technology (India)
• Kirloskar Oil Engines
• Krebs Biochemicals and Industries
• Dr. Lal Path Labs Ltd.
• Lemon Tree Hotels
• LGB Forge
• Magnum Ventures
• Manaksia Coated Metals & Industries
• Mazda
• Muthoot Capital Services
• NACL Industries
• Nath Bio-Genes (India)
• Neogen Chemicals
• NHPC
• NLC India
• Norben Tea & Exports
• Oriental Aromatics
• OM INFRA
• Palred Technologies
• Paras Petrofils
• Pidilite Industries
• PTL Enterprises
• Quintegra Solutions
• Radiant Cash Management Services
• Radico Khaitan
• R Systems International
• Ruchi Infrastructure
• Safari Industries (India)
• Sahyadri Industries
• Saksoft
• Sanghvi Movers
• Signatureglobal (India)
• Silly Monks Entertainment
• SKM Egg Products Export (India)
• Sukhjit Starch & Chemicals
• Sula Vineyards
• Talbros Automotive Components
• Tasty Bite Eatables
• Transindia Real Estate
• TVS Srichakra
• Umang Dairies
• UNO Minda
• Varroc Engineering
• Venky's (India)
• Veranda Learning Solutions
• Walchandnagar Industries
• Welspun Corp
• Welspun Investments and Commercials
• Yuken India
• Zee Media Corporation

Results

• Blue Star Q1 net profit at Rs 168.8 crore Vs Rs 83.4 crore, YoY.
• ONGC Q1 consolidated net profit declines 43% YoY to Rs 10,236 crore.
• Motherson Sumi Wiring Q1 profit jumps 21%; revenue grows 16.7%.
• Bharti Airtel Q1 net profit more than doubles to Rs 4,160 crore.
• Tata Chemicals Q1 profit drops 67.6% to Rs 190 crore; revenue falls 10.2% to Rs 3,789 crore.
• 3M India Q1 net profit up 21.7% at Rs 157 crore Vs Rs 129 crore, YoY.
• NCC Q1 net profit up 21% at Rs 210 crore Vs Rs 174 crore, YoY.
• Symphony Q1 net profit at Rs 88 crore Vs Rs 24 crore, YoY; revenue up 76% at Rs 531 crore.
• Bajaj Electricals Q1 net profit down 25% at Rs 28 crore Vs Rs 38 crore, YoY.
• Kalyani Steels Q1 profit declines to Rs 51 crore from Rs 61 crore.
• Shree Cements Q1 profit at Rs 318 crore Vs Rs 581 crore, YoY.
• Graphite India Q1 net profit at Rs 237 crore Vs loss of Rs 30 crore, YoY.
• TVS Motor Q1 net profit at Rs 577 crore.
• Vedanta Q1 net profit up 54% at Rs 5,095 crore Vs Rs 3,308 crore, YoY.
• Raymond Q1 net profit up 26.7% at Rs 57 crore Vs Rs 45 crore, YoY.
• PFC net profit up 24% YoY to Rs 3,718 crore Vs Rs 3,007 crore.
• J Kumar Infraprojects Q1 net profit up 18.7% at Rs 86.4 crore Vs Rs 72.8 crore, YoY.

Date: 5 August 2024 Stock Market Highlights

The stock market today experienced a more than 3% intraday decline due to negative global sentiments stemming from concerns about a possible US recession following disappointing job data, manufacturing PMI, and jobless claims. Furthermore, increased geopolitical tensions and apprehensions regarding a reverse Yen carry trade exacerbated the situation.

• Sensex was down by 2222.55 points or 2.74%, closing at 78,759.40.
• Nifty concluded the day at 24,055.60, decreasing by 662.10 points or 2.68%.
• Bank Nifty ended the day with a loss of 1258.05 points or 2.45% at 50,092.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50