Stock Market

Sensex Today | Stock Market LIVE Updates: Sensex falls 400 points, Nifty below 22,300; auto sector in fast lane on gains in Tata Motors

11:14:12 AM IST, 05 March 2024

Stock Market LIVE Updates | Aurionpro secures major order from the Government of Haryana for the issuance ofopen loop NCMC cards to provide free travel for the families Below Poverty Line

11:07:05 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Tata Power Solar Systems and Union Bank renews partnership to boost rooftop solar adoption among residential consumers

11:02:55 AM IST, 05 March 2024

Tata Power Company says Tata Power Solar Systems, Union Bank renews partnership

  • Partnership to boost rooftop solar adoption among residential consumers
  • partnership to benefit C&I customers also along-with additional benefits

11:01:39 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Indian Energy Exchange (IEX) on Monday posted a 15.4 per cent growth in overall energy trade volume to 9,462 million units (MU) in February compared to that of the year-ago period. The average market clearing price of energy in the day ahead market during February 2024 was Rs 4.93 per unit, nearly 26 per cent lower year-on-year due to increased sell liquidity, an IEX statement said.

10:56:56 AM IST, 05 March 2024

Platinum Industries’ strong listing is a positive sign, investors who want listing gain may exit their holding however those who want to hold it for the long term are advised to keep a stop loss at 210.

– Shivani Nyati, Head of Wealth at Swastika Investmart on post-listing startegy of Platinum Industries

10:53:30 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates | Kalpataru Projects International to lay 800 kms gas pipeline for Aramco

10:32:44 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates | 0.9% equity block deal in Paytm; stock down 3%

10:25:44 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates | Sensex falls over 400 points

10:12:41 AM IST, 05 March 2024

Stock Market LIVE Updates: Motilal Oswal downgrades Tata Motors to neutral from positive

On the back of a strong performance across its key business segments, the stock has significantly outperformed key indices with 204% return in the last 36 months vs. ~50% return in the Nifty. Also, as highlighted above, we have already factored in most of the positive triggers in our estimates.

While the business demerger seems to be a step in the right direction, we do not foresee any need to revisit our TP, which is already based on SoTP valuation.

Given limited upside after the recent sharp run-up in the stock, we downgrade TTMT to Neutral (from BUY) with an unchanged TP of Rs 1,000 per share.

10:06:50 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates | Exicom Tele Systems shares list at 87% premium over IPO price

Exicom Tele Systems, a power management solutions provider, debuted on the exchanges at 86.6% premium on Tuesday. The stock was listed at Rs 265 on NSE, compared with an offer price of Rs 142. Meanwhile, the stock listed at Rs 264, up 85.9% on BSE.

Ahead of the debut, the grey market premium of the company was at Rs 150.

09:58:36 AM IST, 05 March 2024

While the market is steady the small cap index is showing some strain with a cut of 0.5% yesterday. Perhaps there is some selling happening in small caps in response to the SEBI advisory to mutual funds flagging concerns of excessive valuations. Weakness in the small cap segment is likely to continue. The Chinese National People’s Congress which has begun will be keenly watched by the markets. Announcements relating to the initiation of growth stimulating reforms have the potential to attract big money into their stock market, which is now trading at cheap valuations. Therefore, it is important to watch out for developments in China.While there is fundamental support to the Indian stock market, high valuations can constrain further rally. The market is likely to remain range-bound in the near-term. As expected RIL has crossed Rs 3000 level.

– Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

09:45:10 AM IST, 05 March 2024

BROKERAGE TAKE: Macquarie on Tata Motors: Outperform| Target Rs 1028

Macquarie maintained an outperform rating on Tata Motors with a target price of R 1028. Pure play structure is likely to drive better value discovery.

The conglomerate structure was constraining valuation upside. The Pure-play structure lends investment flexibility to investors.

PV segment valuation discount to Maruti could narrow if Tata delivers on market-share gains/better margins.

09:41:32 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates | Shares of India’s IIFL Finance fell 20% to the bottom of an exchange-mandated limit on Tuesday, a day after the country’s central bank barred it from offering gold loans, citing “material supervisory concerns” in its portfolio.

09:38:14 AM IST, 05 March 2024

Stock Market LIVE Updates | Shares of Tata Motors on Tuesday rallied 4.5% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,031.70.

09:35:29 AM IST, 05 March 2024

Rupee falls 2 paise to 82.92 against US dollar in early trade

The rupee declined 2 paise to 82.92 against the US dollar in early trade on Tuesday, tracking a stronger American currency against major overseas rivals and outflow of foreign funds from domestic capital markets. Though a downward trend in the crude oil prices cushioned the Indian currency, it was weighed down by the subdued equity market sentiment, forex traders said.

At the interbank foreign exchange, the domestic currency opened at 82.90 and slipped further to trade at 82.92 against the greenback, registering a loss of 2 paise from its previous close.

09:22:15 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Auto stocks in fast lane, rise up to 5%

09:21:23 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Voda Idea, Infibeam among most active stocks on NSE

09:19:49 AM IST, 05 March 2024

Opening Bell: Sensex drops 275 points, Nifty below 22,350; IIFL Finance tanks 20%, Tata Motors DVR rises 4%

09:06:47 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex down 100 points; Nifty below 22,380

08:46:03 AM IST, 05 March 2024

IPO Watch | Stoxbox on JG Chemicals

JG Chemicals is India’s largest zinc oxide manufacturer in production and revenue for zinc oxide manufacturing through the French process. The company plans to establish a greenfield manufacturing facility in Gujarat. Moreover, the company is an approved vendor to most large global tyre companies, with a significant presence in Southeast Asia. Presently, the company’s manufacturing process leads to the generation of zinc ash, which it sells in the market. The company plans to utilize the in-house availability of zinc ash in producing zinc sulphate. The company also intends to continue to leverage its direct marketing and distributor network and its industry standing to establish relationships with new export and local customers and expand the customer base. The company also has a record of sustained consolidated revenue from operation, growing at a CAGR of 34.3% during FY21-23. With a leading market position and strong customer base, the company maintains high customer retention rates and explores growth opportunities in Southeast Asia. Despite high entry barriers, its certifications and global supplier base ensure continued growth. As we advance, the favorable demand outlook in automotive, rubber, and ceramics, along with the expected revival of the chemical industry in early FY25, positions JG Chemicals for sustained growth and market leadership. The issue is valued at a P/E of 29.6x on the upper price band based on FY24 earnings, which is fairly valued. We, therefore, recommend an “SUBSCRIBE” rating for the issue.

08:42:09 AM IST, 05 March 2024

Pre-opening market comment by Prashanth Tapse, Senior VP (Research), Mehta Equities

Dalal Street’s optimism is palpable with the GIFT Nifty climbing to 22508, signaling a bullish market trend that necessitates selective trading amidst a narrowing market breadth. Key highlights include the spotlight on gold financiers like Manappuram and Muthoot Finance due to soaring gold prices, Tata Motors’ strategic demerger, and NTPC’s investment in expanding its power project. With Nifty showing strong technical support at 22050, the market is buoyed by bullish sentiments, although upcoming events like Fed Chairman Jerome Powell’s testimony and US Nonfarm payrolls data could influence future directions. Trading strategies recommend buying positions in Nifty, Bank Nifty, and selected stocks such as NTPC, COAL INDIA, NMDC, and ADANI ENTERPRISES, highlighting a blend of value and momentum plays for investors amid a cautiously optimistic outlook.

08:06:02 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Asian stocks skid as China’s NPC disappoints

Chinese stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing’s plans to support the economy as its week-long annual session of parliament, the National People’s Congress, got underway.

07:48:56 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Dollar a spectator to China news, yen ponders rate risks

The dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of China, while a rebound in Tokyo inflation seemed to take Japan a step closer to the end of negative interest rates.

07:48:19 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Oil extends fall as China’s pledge to transform economy fails to impress

Oil prices fell for a second day on Tuesday as pledges by China, the world’s biggest crude importer, to transform its economy amid stuttering growth since the COVID pandemic failed to impress investors concerned about slower consumption.

07:18:38 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Tokyo shares open lower after record close

Tokyo shares eased Tuesday morning after marking a record close the previous day, while Wall Street softened ahead of several key US trading cues.The benchmark Nikkei 225 index fell 0.38 percent, or 151.73 points, to 39,957.50 in early trade, while the broader Topix index slipped 0.32 percent, or 8.59 points, to 2,697.69.

07:18:45 AM IST, 05 March 2024

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

GIFT Nifty on the NSE IX traded lower by 8.5 points, or 0.04 per cent, at 22,481.50, signaling that Dalal Street was headed for muted start on Tuesday.

07:18:52 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Doji candle on charts

Nifty ended 27 points higher above the 22,400 level to form an indecisive Doji candle on the daily charts. Any dips from here could be a buying opportunity towards the support of 22,225-22200 levels. The near-term upside targets to be watched around 22600-22800 levels, Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.

07:18:59 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: Rupee rises marginally against US dollar

The rupee appreciated 1 paisa to settle at 82.90 against the US dollar on Monday, tracking a weak American currency overseas and positive equity market sentiment.

07:19:15 AM IST, 05 March 2024

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

The 30-share BSE benchmark Sensex surged 66 points or 0.09% to settle at 73,872. The broader NSE Nifty gained 27 points or 0.12% to end at 22,405.

07:19:06 AM IST, 05 March 2024

Sensex Today | Stock Market LIVE Updates: S&P 500 edges lower as investors hold their breath ahead of economic data

The S&P 500 closed slightly lower on Monday after a choppy trading day as investors took a pause ahead of economic data and Fed Chair Jerome Powell’s congressional testimony.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button


Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

100% secure your website.