Daily News Portal

Sensex Today | Stock Market LIVE Updates: Sensex drops 200 points, Nifty below 19,400;


01:35:43 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Tara Chand Infralogistic Solutions gets 4.5 year contract worth Rs 20 crore by Steel Authority Of India

01:18:19 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Alok Industries to issue non-convertible redeemable preference shares worth Rs 300 crore to Reliance Industries

01:17:27 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Tata is said to explore sale of Voltas home appliance business

01:09:51 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Uno Minda approved setting up of manufacturing unit for alloy wheels for four wheelers

  • Investment for plant at Rs 542 crore in two phases
  • Approved issue of non-convertible debentures upto Rs 400 crore

01:06:21 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Info Edge (india) Q2 Results: Consol net profit rises

  • Dividend at Rs 10 per share
  • Consol net profit at Rs 205 cr versus profit at Rs 103 cr
  • Consol revenue from operations at Rs 626 cr versus Rs 604 cr

12:50:10 PM IST, 07 November 2023

Stock Market LIVE Updates: Tokyo stocks end lower, bucking US rallies

Tokyo stocks ended lower Tuesday after strong gains the previous day, bucking US rallies linked to easing concerns over monetary tightening.

The benchmark Nikkei 225 index was down 1.34 percent, or 436.66 points, to end at 32,271.82, while the broader Topix index lost 1.17 percent, or 27.55 points, to 2,332.91.

12:48:14 PM IST, 07 November 2023

Mukka Proteins gets Sebi nod to float IPO

Mukka Proteins, which manufactures fish meal, fish oil, and fish soluble paste, has received capital markets regulator Sebi’s go-ahead to raise funds through an initial public offering (IPO). The IPO is an entirely fresh issue of up to 8 crore equity shares, according to the draft red herring prospectus (DRHP).

The company, which had refiled its draft IPO papers with the regulator in June, obtained an observation letter from it on October 30, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.

12:37:49 PM IST, 07 November 2023

Flat listing was in line with our expectation, despite aggressive pricing and high ask valuations, though risky investors feel the price is good for long-term as the business model has high potential of growth. We would continue to remain cautious on Mamaearth on the back of the loss-making nature of the business, high portion of OFS, high competition with margin pressure, low promoter stake, and weak financials which suggest a cautionary stand as historical listings with high valuations have often faced post-listing challenges.

– Prashanth Tapse Sr VP Research analyst at Mehta equities on Honasa listing

12:36:10 PM IST, 07 November 2023

Crypto Price Today: Bitcoin holds above $34,000; Dogecoin, Toncoin jump over 6%

Major crypto tokens traded higher on Tuesday amid optimism and stimulating bullish sentiments within the market. While the global cryptocurrency market cap surged nearly 1% to around $1.33 trillion in the last 24 hours.

Bitcoin was up 0.16% at $34,930 as of 12:10 p.m., while Ethereum was just below the $1,900 level.

Other popular altcoins, including Dogecoin and Toncoin, rose over 6% each. BNB, Cardano, Solana, Polygon, Polkadot, and Litecoin also surged.

12:23:04 PM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Devyani International appoints of Vijay Shrikant Gogate as CEO-Pizza Hut, DInesh Hariharan as CEO-Vaango and Devesh Dubey as Head-Projects and Maintenance (Senior Management Personnel)

11:52:52 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Venky’s (India) Q2 Results: Revenue from operations stood at Rs.912.60 Cr; Profit After Tax at Rs. 34.09 Cr

11:43:56 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Larsen and Toubro says L&T Construction awarded contracts worth Rs 1,000-2,500 crore for its water & effluent treatment business.

11:46:18 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Larsen and Toubro Technology Services (LTTS) has partnered with Google Cloud for implementing generative technology in operations, the company said on Tuesday. LTTS is the digital engineering and R&D services company under Larsen and Toubro Group.

11:30:16 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Shares of Lux Industries jump over 10% on Tuesday to the day’s high of Rs 1,530 on the NSE following the Indian market regulator’s decision to revoke the securities market ban imposed by it on 14 entities on account of alleged insider trading in the company.

11:15:17 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Shares of RR Kabel jumped 6% to Rs 1,488.5 in Tuesday’s trade on BSE after the firm’s consolidated profit increased to Rs 74.1 crore in the July-September quarter, compared with Rs 35 crore a year earlier.

11:07:06 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Atul to buy back shares worth Rs 50 crore at a price of Rs 7,500 per share

10:57:22 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | L&T Technology Services to partner with Google Cloud to develop state-of-the-art Dev X platform

10:56:16 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Anupam Rasayan Q2 profit falls to Rs 40.69 crore from Rs 41.57 crore YoY

10:41:41 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | D B Realty Limited (DBR) divests 100% stake in Rustomjee Crown Project for approx. Rs. 231.42 crore

10:40:37 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Quess Corp Q2 Results: Revenue up 11% YoY at Rs 4,748 crores; PAT up 79% YoY at Rs 71 crores

10:34:13 AM IST, 07 November 2023

Honasa post-listing view: Shivani Nyati, Head of Wealth, Swastika Investmart

Honasa Consumer, a leading Indian beauty and personal care (BPC) company, made its stock market debut today at Rs 330 per share, a premium of around 2% to its IPO price of Rs 324. The IPO was subscribed to 7.95 times, which is a good subscription level.

While Honasa Consumer is still a relatively young company, it has quickly grown to become a major player in the Indian BPC market. The company has a diverse product portfolio that includes face care, baby care, hair care, body care, color cosmetics, and fragrances. However, the financial condition of the company is facing some turbulence, and there are other operation-related risks as well.

After receiving a decent subscription, stock was able to give a positive listing. Investors are now suggested to book profit and exit their position.

10:33:04 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Glenmark Pharmaceuticals Ltd on Tuesday said it has received final approval from the US health regulator for its generic Fluphenazine Hydrochloride tablets used to treat certain types of mental disorders. The approval granted by the US Food & Drug Administration (US FDA) is for Fluphenazine Hydrochloride tablets of strengths 1 mg, 2.5 mg, 5 mg and 10 mg, Glenmark said in a statement.

10:21:03 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Singapore Airlines partners with Tata Communications to enhance customer experience for their discerning customers.

10:02:27 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Mamaearth shares list at 2% premium over IPO price

Shares of Honasa Consumer, which operates the Mamaearth brand, listed at a premium of just 1.8% over the issue price on Tuesday. The stock got listed at Rs 330 on NSE as against the IPO price of Rs 324. Meanwhile, on BSE, it debuted at Rs 324. Ahead of the debut, the company’s shares traded at a premium of Rs 22 in the unlisted market.

09:49:04 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Shares of Gland Pharma rose 6.5% despite its consolidated net profit fell nearly 20% YoY to Rs 194 crore.

09:44:57 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: CLSA downgraded Bharat Forge to sell from underperform post Q2 results with a target of Rs 987. Strong growth in the domestic non-auto revenues lifts Q2. Turnaround of subsidiaries is likely to drive improvement in the consolidated margins.

09:41:40 AM IST, 07 November 2023

Rupee falls 4 paise to 83.25 against US dollar in early trade.

09:41:05 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | EARNINGS IMPACT: Emami posted net profit of Rs 178 crore in the July-September period. Revenue from operations came in at Rs 864 crore.

09:39:14 AM IST, 07 November 2023

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The market construct is favourable for consolidation around current levels and gradual up move. The 6-day winning streak in S&P 500 provides global stability to markets. Stable crude, steady dollar, down trending US bond yields and declining gold are indicators of stability in markets.

Investors have to appreciate the fact that the rally in small and midcaps is primarily driven by retail buying on every dip. The explosive growth in demat accounts which have touched 132 million now is playing a major role in the rally in the broader market while the large caps are under pressure from FII selling. But large caps particularly ICICI Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, L&T and Bajaj Finance have fundamental strength reinforced by the Q2 results.
FIIs turning buyers in India is only a question of time. When that happens, large caps will outperform the broader market.

09:43:30 AM IST, 07 November 2023

Global Market Live Updates | Shein targets up to $90 billion valuation in US IPO: Bloomberg News

Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter.

09:26:26 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | EARNINGS IMPACT: HPCL reported net profit of Rs 5,118 crore for the quarter ended September. Revenue from operations were at Rs 95,701 crore.

09:25:27 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | EARNINGS IMPACT: FSN E-commerce, which operates beauty and fashion retailer Nykaa, posted 53% growth in its consolidated net profit at Rs 7.8 crore for the quarter ended September.

09:21:44 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | SAIL, BoB, IOC among most active stocks in morning trade

09:19:43 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex drops 200 points, Nifty below 19,400; JK Lakshmi, Divi’s Lab shed 3% each

09:09:33 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 60 points; Nifty above 19,400

08:41:53 AM IST, 07 November 2023

Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities

Nifty showed impressive resilience during yesterday’s trading, marking its third consecutive day of gains, driven by Fitch’s positive adjustment of India’s mid-term GDP growth forecast to 6.2%, up from the previous 5.5%. The benchmark Nifty continues to surge, buoyed by robust risk sentiment as markets anticipate the conclusion of the Federal Reserve’s rate-hiking cycle. Fed-funds futures reflect reduced chances of a December rate hike, down to 9.8% from 24.6%, and rising probabilities of no rate hikes through January. However, Q2 results from Corporate India Inc. have been underwhelming, a concern that investors seem willing to overlook as long as Nifty’s rally persists. Our outlook remains firmly bullish for Nifty, with upward targets at 19500 and 19707. Options data suggest a likely trading range of 18700-19600. In the political sphere, the upcoming state elections in Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana, and Mizoram will be closely watched. Q2 results are expected from several companies today. Trade strategies for Nifty and Bank Nifty involve buying at the current market price, setting stops, and targeting specific levels. Additionally, there’s a positive sentiment towards M&M, EICHER MOTORS, INDUSIND BANK, and L&T FINANCIAL, particularly in cases of intraday weakness. For those seeking to invest, M&M at the current market price is recommended, with specific target levels and stop set for an inter-week strategy driven by strong momentum.

08:28:04 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Asian stocks snap winning streak, await RBA

Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market’s rally paused and investors reined in enthusiasm about a possible peak in global interest rates.

07:58:45 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Dollar steady as risk rally eases, RBA in focus

The dollar was steady on Tuesday, holding overnight gains as investors took a breather from a risk rally, while the Australian currency drifted lower ahead of a central bank interest rates decision later in the day.

07:58:02 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Gold edges lower as dollar firms, Fed speakers in focus

Gold inched lower in early Asian hours on Tuesday as the dollar staged a rebound, although bullion prices were stuck in a tight range with investors staying on the sidelines ahead of comments from Federal Reserve officials including Chair Jerome Powell.

07:27:34 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Quarterly earnings today

Shree Cement, Info Edge, Power Grid and a slew of other companies will announce their second quarter results today.

07:27:34 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Tech View: Sideways or uptrend for Nifty ahead?

Nifty on Monday ended 181 points higher to form a reasonable bull candle with minor upper and lower shadow on the daily charts. The daily momentum indicator has a positive crossover which is a buy signal.

07:27:42 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start

GIFT Nifty on the NSE IX traded lower by 16 points, or 0.08 per cent, at 19,464, signaling that Dalal Street was headed for muted start on Tuesday.

07:27:58 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Rupee settles 1 paisa lower at 83.21 against US dollar

The rupee settled for the day 1 paisa lower at 83.21 against the US dollar as the support from positive domestic equities was negated by rising crude oil prices.

07:28:18 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Wall Street ends slightly higher after rally as Fed speakers, Treasury auctions eyed

U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank’s policy path, with a large amount of bond supply also due to hit the market.

07:28:09 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Tokyo markets open lower

Tokyo stocks opened lower Tuesday after gains the previous day, bucking US rallies linked to easing concerns over monetary tightening. The benchmark Nikkei 225 index was down 0.54 percent, or 175.75 points, to 32,532.73 in early trade, while the broader Topix index lost 0.28 percent, or 6.59 points, to 2,353.87.

07:28:25 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Oil prices ease as market awaits China data to gauge demand

Oil prices eased on Tuesday, giving up most of the gains from the previous day, on concerns over weak demand in China, with investors focusing on trade data due later in the day to gauge demand from the world’s second-largest oil consumer.

07:28:32 AM IST, 07 November 2023

Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday

The 30-share BSE benchmark Sensex advanced 595 points or 0.92% to settle at 64,958. The broader NSE Nifty surged 181 points or 0.94% to end at 19,411.



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