Share Market HIGHLIGHTS: Indices pare gains amid sell-off in banking stocks, Nifty ends at 19,347
Share Market Today LIVE: The domestic equity benchmarks Nifty 50 and Sensex managed to settle in the green for the third straight session on Wednesday (August 30), although they erased most of their early gains following a sell-off in banking stocks after the BSE said in its circular that, effective October 16, the F&O expiry in its Bankex index would take place on Monday instead of Friday.
At close, the S&P BSE Sensex stood at 65,087.25, up 11 points, or 0.02 per cent. The index hit a high of 65,458.70 during the session. The NSE's Nifty closed at 19,347.45, up nearly 5 points, or 0.02 per cent.
Catch minute-by-minute updates on the domestic stock market on August 30, and the views of Zee Business Managing Editor Anil Singhvi and other market experts — and much more — on Zeebiz.com's blog:
Share Market Today LIVE: The domestic equity benchmarks Nifty 50 and Sensex managed to settle in the green for the third straight session on Wednesday (August 30), although they erased most of their early gains following a sell-off in banking stocks after the BSE said in its circular that, effective October 16, the F&O expiry in its Bankex index would take place on Monday instead of Friday.
Catch minute-by-minute updates on the domestic stock market on August 30, and the views of Zee Business Managing Editor Anil Singhvi and other market experts — and much more — on Zeebiz.com's blog:
Latest Updates
FINAL TRADE: Nifty Bank slips 0.59%
FINAL TRADE: Sensex ends at 65,087.25
FINAL TRADE: Indices end flat amid sell-off in banking stocks; Sensex settles 11 pts higher at 65,087.25, Nifty closes at 19,347.45, up 4.80 points, or 0.02 per cent.
MARKET UPDATE: Indices turn flat, banking stocks decline
All banking index contracts, scheduled for Friday expiration, will end on October 13.
GR Infraprojects shares extend gains to 6th straight day; here's what's keeping investors excited
GR Infraprojects shares registered sharp gains on Wednesday, continuing to rise for the sixth session in a row, after the infrastructure company, through its wholly-owned subsidiaries, bagged deals to the tune of Rs 1,457 crore from the National Highways Authority of India (NHAI). The GR Infraprojects stock rose by as much as Rs 53, or 4.1 per cent, to Rs 1,338.9 apiece on BSE, coming within Rs 86 of a 52-week high scaled in September last year. READ MORE
MARKET UPDATE: Sensex constituents at 02:15 PM
MARKET UPDATE: Leading gainers on the BSE
JUST IN | BSE changes expiry date for its banking index to Monday from Friday, effective October 16
BUZZING STOCK | Shakti Pumps zooms 18%, hits 52-week high; here is why
Shares of Shakti Pumps surged as much as 18.22 per cent to hit a 52-week high of Rs 849.15 apiece on the BSE on Wednesday (August 30) after the company, in its regulatory filing, said that it received its first work order under the KUSUM-3 scheme from the Haryana Renewable Energy Department (HAREDA) for 7,781 pumps. The total amount of the work order is around Rs 358 crore (inclusive of GST), it added. READ MORE
Rishabh Instruments launches IPO
On Wednesday, Rishabh Instruments, a manufacturer of test and measuring instruments, launched its IPO worth up to Rs 491 crore. The IPO comprises a fresh issue of equity shares up to Rs 75 crore, and an offer for sale (OFS) worth Rs 416 crore by promoters and existing investors.
Zomato shares jump 5% after multiple block deals; HSBC raises target price to Rs 120
Shares of Zomato rallied as much as 5.12 per cent to hit a high of Rs 99.50 apiece on the BSE in the early trade on Wednesday (August 30) after multiple block deals consisting of 10 crore shares, or 1.16 per cent took place during the pre-open session. As per a Zee Business report, SVF Growth Fund (Softbank) was slated to sell 10 crore shares in the company today. READ MORE
BROKERAGE VIEW: Nirmal Bang Securities on Gillette India | RATING: BUY | TP: Rs 6,455
"Sustained sales momentum gives us confidence to raise our sales growth estimates to double digits for FY24 and FY25, leading to nearly 15% 2-year earnings CAGR over FY23-FY25E. We maintain our BUY rating as well as our target multiple of 45x FY25E and arrive at a TP of Rs 6,455 (17% upside)," it says.
MARKET UPDATE: India VIX declines nearly 5%
