Share Market HIGHLIGHTS: Sensex ends 320 pts higher, Nifty settles at 19,638; Hindalco zooms 6%, NTPC up 4%
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Friday, September 29, scaled higher amid advances in banks and metal companies. On the other hand, a fall in information technology stocks was seen after the IT bellwether Accenture predicted a downbeat year as spending stays weak.
At close, the S&P BSE Sensex was up 320.09 points, or 0.49 per cent, at 65,828.41, and the NSE Nifty was up 114.75 points, or 0.59 per cent, at 19,638.3. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 ended nearly 1 per cent higher. Nifty Bank closed up 0.64 per cent at 44,584.55.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Friday, September 29, scaled higher amid advances in banks and metal companies. On the other hand, a fall in information technology stocks was seen after the IT bellwether Accenture predicted a downbeat year as spending stays weak.
At close, the S&P BSE Sensex was up 320.09 points, or 0.49 per cent, at 65,828.41, and the NSE Nifty was up 114.75 points, or 0.59 per cent, at 19,638.3. In the broader market, the Nifty Mid Cap 100 and Small Cap 100 ended nearly 1 per cent higher. Nifty Bank closed up 0.64 per cent at 44,584.55.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Share Market HIGHLIGHTS | Sensex ends 320 pts higher, Nifty settles at 19,638
Nifty 50
Nifty settles at 19,638, up 0.59 per cent.
Source: NSE
Sensex
Sensex ends 320 points higher at 65,828.
Source: BSE
Share Market HIGHLIGHTS | Hindalco, NTPC, Dr Reddy's rise most in 50-scrip blue-chip basket
Hindalco, NTPC, Dr Reddy's and Hero MotoCorp are among the top gainers in the Nifty basket, trading with gains of around 6-3 per cent. On the other hand, Adani Enterprises, LTIMindtree, Infy and HCL Tech are among the top losers, down nearly 2- 0.5 per cent.
Source: NSE
Share Market Today LIVE | Vedanta stock soars over 6% after mining firm announces allotment of shares worth Rs 2,500 crore
A day after hitting a 52-week low, Vedanta Limited shares are soaring higher by 6.6 per cent, or Rs 13.75, at Rs 222, on BSE on Friday (September 29, 2023) a day after the company announced that it was alloting shares worth Rs 2,500 crore on a preferential basis.
In a BSE filing on Friday, Vedanta said, The company has duly allotted, on a private placement basis, 2,50,000 nos. secured, unrated, unlisted, redeemable, non-convertible debentures (“NCDs”) of face value Rs 1,00,000/- each aggregating to Rs 2,500 Crores, with the date of allotment now being September 27, 2023 and depository confirmation for credit of NCDs being received on September 28, 2023." Read more
Share Market Today LIVE | Sensex rises over 600 pts
Source: NSE
Share Market Today LIVE | Jet Airways stock hits the upper limit after Jalan Kalrock infuses Rs 100 crore in airline
Shares of Jet Airways hit the upper limit of 5 per cent, or Rs 2.66, at 55.91 apiece on BSE on Friday, moments after Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier Jet Airways, said that it had infused an additional Rs 100 crore in the airline as per the court-approved resolution plan. JKC (Jalan Kalrock Consortium) said in a statement, "With this, the consortium has "fulfilled" its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jet Airways." Read more
Share Market Today LIVE | Nifty Bank trades near day's high
Source: NSE
Share Market Today LIVE | L&T's construction arm secures mega order worth Rs 7,000 crore; shares scale fresh peak
It would not be an exaggeration to say that the construction and engineering conglomerate Larsen & Toubro (L&T) is in its prime. The infra giant is securing one mega order after another, thus propelling the company’s share price to new highs almost every day. The stock hit a fresh record high of Rs 3,057 on the BSE on Friday, September 29, after the company, in its regulatory filing, said that the Heavy Civil Infrastructure business vertical of L&T Construction has won a mega order from its client, the Mumbai Metropolitan Region Development Authority (MMRDA), for the design and construction of an Underground Road tunnel Project between Orange Gate, Eastern Free Way to Marine Drive Coastal Road at Mumbai. Read more
Share Market Today LIVE | Saregama reverses early gains on acquiring leading digital entertainment entity
Shares of Saregama India trade at Rs 367.85, down 0.34 per cent, reversing the early morning gains. The counter gained up to 6.57 per cent to hit a day’s high at Rs 393.35 apiece on the BSE. The company’s shares advanced after it bought a majority stake in the country’s leading digital entertainment company, Pocket Aces. Read more
Share Market Today LIVE | Nifty above 19,650, Sensex rises nearly 450 pts
Nifty 50
Source: NSE
Sensex
Source: BSE
Share Market Today LIVE | Infosys, TechM, TCS under pressure post-Accenture Q4 nos; what lies ahead for Indian players?
Domestic technology stocks reel under pressure on Friday, September 29, after global IT services company Accenture reported weaker-than-expected numbers for the fourth quarter of fiscal 2023 (Q42Y23). Accenture's full-year (FY24) earnings and first-quarter (Q1 FY24) revenue forecasts, too, came below expectations, signalling that high inflation and interest rates would choke enterprise spending through next year.
The Nifty IT index led losses with an over 1 per cent fall in on Friday. All ten IT stocks in the information technology index declined in the early morning trade with zero advances. Persistent Systems was among the top Nifty IT losers, down 1.77 per cent, followed by Infosys, which was down 1.29 per cent on the NSE. LTIMindtree traded 1.19 per cent lower. Moreover, L&T Technology and Wipro traded over a per cent lower in morning trade. Read more
Share Market Today LIVE | Sensex rises nearly 250 pts
Source: BSE
Share Market Today LIVE | Aurobindo Pharma shares scale 52-week high; here is what is driving the stock
Aurobindo Pharma stock scales a 52-week high on Friday, more than recouping the previous day's losses, after sources said the company received approval to launch the Revlimid drug, used along with other medicines in the treatment of adult patients with multiple myeloma. The stock of the Hyderabad-based pharmaceuticals company jumps by as much as Rs 56, or 6.4 per cent, to Rs 930 apiece on BSE. Read more
Share Market Today LIVE | L&T, NTPC, Coal India, other stocks hit 52-week highs
As many as 11 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone.
| Stock | CMP | 52 Weeks High | Previous 52 Weeks High(Price/Date) | All Time High(Price/Date) |
| AUROPHARMA | 925 | 930 | 907.05 (13 Sep 2023) | 1,650.00 (07 Jan 2000) |
| COALINDIA | 294.85 | 296.3 | 294.15 (28 Sep 2023) | 447.25 (05 Aug 2015) |
| ERIS | 912.4 | 925 | 924.00 (21 Aug 2023) | 925.00 (29 Sep 2023) |
| KNRCON | 284.35 | 289.9 | 289.60 (28 Sep 2023) | 819.90 (13 Oct 2016) |
| LT | 3,010.00 | 3,057.00 | 3,050.70 (28 Sep 2023) | 4,670.00 (01 Nov 2007) |
| NTPC | 247.3 | 251.5 | 245.90 (20 Sep 2023) | 291.00 (15 Jan 2008) |
| PFC | 251.4 | 254.25 | 254.10 (27 Sep 2023) | 383.00 (14 Oct 2010) |
| RECLTD | 287.5 | 292 | 285.90 (28 Sep 2023) | 409.50 (11 Oct 2010) |
| SUNTECK | 449.95 | 456.95 | 453.05 (28 Sep 2023) | 2,955.00 (08 Oct 2009) |
| TORNTPOWER | 736.55 | 749.6 | 747.00 (28 Sep 2023) | 749.60 (29 Sep 2023) |
| UNIONBANK | 104 | 105.5 | 104.94 (28 Sep 2023) | 426.80 (27 Oct 2010) |
Share Market Today LIVE | Navin Fluorine hits 52-week low on resignation of Managing Director Radhesh Ratnakar Welling
Navin Fluorine shares declines as much as 14.3 per cent to hit a 52-week low of Rs 3,734 apiece on the BSE, a day after the company informed that its Managing Director Radhesh Ratnakar Welling has resigned from the post.
In its regulatory filing, the company said, "Mr. Radhesh R. Welling has tendered his resignation as the Managing Director and a Director on the Board of the Company for personal reasons. His resignation was accepted by the Board of Directors at its Meeting today. Read more