Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian stock markets opened higher on Friday, driven by positive global cues and strong performance in the technology sector. The benchmark Sensex began the day at 85,893.84, up from its previous close of 85,836.12, while the Nifty 50 index opened at 26,248.25, building on Thursday’s close of 26,216.05.
IT stocks led the gains in early trading, with Infosys and LTIMindtree both surging by 3.79%. Other notable performers included Tech Mahindra, which rose by 3.10%, Wipro with a gain of 2.73%, and HCL Tech, which increased by 2.20%. This sector’s robust performance follows Accenture’s positive quarterly results and an optimistic forecast for FY25, further boosting investor sentiment.
Share Market Highlights: Markets end flat! Nifty at 25,950, Sensex near 84,900; Metal and Energy shines
Share Market Highlights: Market ends at intra-day high! Nifty over 26,000, Sensex closes 250 points higher; Media and Energy stocks shines
Stock Market Highlights: Markets end lower! Nifty at 25,350, Sensex down 200 points; Banks outperform
Share Market Highlights: Markets end flat! Nifty near 25,350, Sensex at 82,900; Realty and Media shines
Live Updates
Stock market today live updates : Allcargo Gati shares in Focus
Allcargo Gati shares traded slightly lower at Rs 114.49 after the company announced a 10.2% General Price Increase (GPI) for its Express Distribution services, effective January 1, 2025. This is the first price revision since Allcargo’s acquisition of Gati in 2019, aimed at offsetting rising costs and supporting operational investments.
Stock market today live updates : Bharti Airtel shares plunges over 2%
Bharti Airtel has been issued a notice by the Department of Telecommunications (DoT), imposing a penalty of ₹16,000 for allegedly violating subscriber verification norms. In response to the notice, Bharti Airtel shares fell by 2.36%, trading at ₹1,729.25 on the NSE.
Stock market today live updates : Key Levels To Watch On Gold
Commenting on the key levels to watch on Gold Renisha Chainani, Head Research – Augmont – Gold For All said that The gold prices have rebounded after touching their peak of $2708 (~Rs 76500) as US economic data of GDP and Jobless Claims numbers predicted better recovery in the US. The US GDP reached 3% in Q2, beating expectations of 2.9%. US durable goods orders were constant at 0% in August, beating estimates of a -2.6% contraction but falling short of July’s 9.8% gain.
Chainani also added that the jobless claims for the week ending September 21 were 218K, falling short of expectations for a 225K increase and the prior figure of 222,000. Market investors have completely priced in at least a 25-basis point rate drop by the Federal Reserve. According to the CME Fed Watch Tool, the odds of a 50-bps cut have dropped to 51.3%, down from 60% the day before. Gold prices are in the overbought zone and we can see a retracement up to $2600 (~Rs 73500) and $2500 (~Rs 71000) anytime soon.
Stock market today live updates : Key Levels To Watch On Crude Oil Update Today
Commenting on the crude oil outlook Rahul Kalantri, VP Commodities, Mehta Equities said that Crude oil fell towards $67 per barrel as concerns over oversupply impacted the market. According to reports released on Thursday, Saudi Arabia, the world’s largest exporter, is willing to abandon its unofficial $100 per barrel price target and increase production in December, even if it results in continued lower prices.
Kalantri also added that We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $66.55-65.90 and resistance at $68.10-68.80. In INR terms, crude oil has support at Rs5,600-5,540 while resistance is at Rs 5,740-5,820.
Share market today live updates : SJVN rise 5% on inking pact
Shares of SJV rose almost 5% to an intraday high of Rs 132 after the company inked two initial pacts with the Maharashtra government for developing pumped storage and floating solar projects in the state with an investment of Rs 48,000 crore.
Stock market today live updates : Nifty Midcap 100 index movers
Policy Bazaar, BSE, Godrej Properties, Suzlon Energy, and Lodha with others are dragging the Nifty Midcap 100 index.
Courtesy: NSE
Share market today live updates : Power Grid down 3%
Shares of Power Grid Corp fell as much as 3.2% to an intraday low of Rs 353.70. The stock was the major loser in the Nifty 50. The brokerage house Motilal Oswal gave a ‘Buy” rating to the stock with a target price of Rs 425. According to the brokerage firm, the upcycle in transmission capex is likely to benefit the company.
Stock market today live updates : S Chand shares trades flat
S Chand And Company announced that ICRA Limited has reaffirmed its long-term rating of [ICRA]A- (Stable) for the enhanced Fund Based-Overdraft Facility of Rs 110.00 crore, provided by various banks and financial institutions. Following this announcement, S Chand And Company’s shares are trading at Rs 219.08 on the NSE, reflecting a gain of 0.65%.
Stock market today live updates : PSU bank stocks gains over 1%
Several PSU bank stocks are trading over 1% higher today, reflecting positive momentum in the sector. UCO Bank leads the gains with a rise of 1.50%, followed closely by Canara Bank at 1.36%. Other notable performers include Punjab & Sind Bank (PSB) at 1.32%, Punjab National Bank (PNB) at 1.29%, and Indian Bank, which has seen an increase of 1%.
Stock market today live updates : KRN Heat Exchanger IPO Day 3 & GMP Update
The initial public offering (IPO) of KRN Heat Exchanger and Refrigeration Limited opened for bidding on September 26, 2024, and will remain available until September 30, 2024. The company has set the IPO price band between Rs 209 and Rs 220 per equity share, aiming to raise Rs 341.95 crore through this entirely fresh book-built issue. The subscription status indicates a robust response from investors, and positive market sentiment has further boosted grey market activity.
Market observers report that the grey market premium (GMP) for the KRN Heat Exchanger IPO has reached Rs 253 today, reflecting an increase of Rs 13 from Thursday’s GMP of Rs 240. This strong premium indicates expectations of multibagger returns for fortunate allottees of this ongoing mainboard IPO. Analysts attribute the rise in grey market sentiment to two key factors: the robust subscription status of the KRN Heat Exchanger IPO and the bullish trend on Dalal Street.
Stock market today live updates : Manba Finance IPO Update
The Manba Finance IPO opened on September 23, aiming to raise Rs 150.84 crore, and closed on September 25. The allotment of shares was finalized on September 26, with refund processes initiated shortly after. The book-built issue sold 1.26 crore fresh shares, with a price band set between Rs 114 and Rs 120 per equity share. The listing on both the NSE and BSE is expected to occur on September 30. Hem Securities managed the book, while Link Intime India served as the registrar for the issue.
Manba Finance shares are currently commanding a robust premium in the unlisted market. According to stock market observers, the grey market premium (GMP) for the Manba Finance IPO today stands at Rs 60 per share. This indicates that in the grey market, Manba Finance shares are trading at Rs 60 above their issue price.
Stock market today live updates : Key IPOs of this week
This week, investors should keep an eye on two significant Main Board IPOs. Manba Finance launched its initial public offering (IPO) on September 23, aiming to raise Rs 151 crore through the issuance of 1.26 million new shares.
Additionally, the KRN Heat Exchanger IPO is set to open on September 25 and will close on September 27. This offering will issue 1.55 million new shares, valued at Rs 342 crore, providing another opportunity for investors to engage in the IPO market.
Stock market today live updates : Reliance Power shares hit 5% upper circuit
Reliance Power shares rose by 5% today, reaching a new 52-week high of Rs 46.36. This marks an impressive 46.6% gain over the last eight consecutive trading sessions, highlighting the stock’s sustained upward trajectory and significant interest from investors.
Stock market today live updates : Nifty Metal Stocks Experience Notable Gains
Top gainers among Nifty metal stocks include National Aluminium, which rose by 4.23%, followed by Steel Authority of India Limited (SAIL) with an increase of 3.24%. Hindalco also saw gains of 2.87%, while Ratnamani Industries climbed by 2.17%, reflecting positive momentum in the sector.
Stock market today live updates : Biocon shares trade flat
Biocon shares are trading flat on the NSE at Rs 373.70 as the company announced a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company, a subsidiary of Astra Industrial Group. This agreement aims to commercialize Biocon’s Glucagon-like peptide-1 (GLP-1) products in select countries in West Asia.
Stock market today live updates : RailTel Corp gains over 1%
RailTel Corporation of India has secured orders valued at Rs 155.72 crore (excluding taxes) from the Rural Development Department of Maharashtra for the operationalization of the ASSK-GP project in the Konkan, Pune, and Nashik regions. Following the announcement, RailTel’s stock rose by 1.71% on the NSE, trading at Rs 469.50.
Stock market today live updates : Kitex Garments’ shares gain over 3%
Kitex Garments‘ board has approved the acquisition of Kitex Childrenswear Ltd, with plans to take immediate steps to complete the acquisition, subject to applicable regulatory compliance. Following the announcement, Kitex Garments’ stock surged by 3.16%, trading at Rs 483 on the NSE.
Stock market today live updates : RITES shares falls nearly 2%
RITES shares are currently trading at Rs 358.55 on the NSE, reflecting a decline of 1.89%. The decrease comes as a RITES-led consortium emerged as the lowest bidder for a Rs 87.58-crore tender issued by Delhi Metro Rail Corporation Ltd.
Share market today live updates : Nifty Metal index movers
All the constituents of Nifty Metal were trading higher after China slashed the reserve ratio by 50 bps to improve its economic health. Hindalco was leading the index by contributing almost 37 points.
Courtesy: NSE
Share market today live updates : Nifty 50 index movers
Courtesy: NSE
Stock market today live updates : Derivative market outlook today
Commenting on the Derivative market outlook Anand James, Chief Market Strategist, Geojit Financial Services said that Nifty weekly contract has highest open interest at 26250 for Calls and 26200 for Puts while monthly contracts have highest open interest at 26250 for Calls and 26200 for Puts. Highest new OI addition was seen at 26250 for Calls and 26200 for Puts in weekly and at 26250 for Calls and 26200 for Puts in monthly contracts.
James also added that FIIs decreased their future index long position holdings by 14.21%, decreased future index shorts by 34.05% and in index options by 32.26% decrease in Call longs, 40.56% decrease in Call short, 30.89% decrease in Put longs and 35.95% decrease in Put shorts.
Stock market today live updates : Goldman Sachs Downgrades Gland Pharma to ‘Sell,’ Cuts Price Target by 27%
Brokerage firm Goldman Sachs has downgraded Gland Pharma‘s shares from a “buy” to a “sell” rating. The firm has also slashed its price target by 27%, reducing it to Rs 1,500 from the earlier target of ₹2,075. Notably, this new price target matches the IPO price of Gland Pharma during its market debut in 2020.
Stock market today live updates : 6.2% Stake of Nuvama Wealth Management Changes Hands in Block Deals
On Friday, September 27, a total of 22.1 lakh shares, representing 6.2% equity of Nuvama Wealth Management, were traded in block deals. The large-scale transaction marks a significant movement in the company’s shares, signaling active interest in the stock on the market.
Stock market today live updates : Top Movers on NSE
LTIMindtree, Wipro, Tech Mahindra, Infosys, and Sun Pharma are the top gainers on NSE Nifty 50 index whereas top laggards include Power Grid, L&T, ONGC, Bharti Airtel and Bajaj Finance.
Markets at open
The NSE Nifty 50 opens up by 32.20 points or 0.12% at 26,248.25, while the BSE Sensex jumps 57.73 points or 0.07% to 85,893.84 in the opening trade.
Stock market today live updates : Markets Outlook Today
Commenting on the Today’s market outlook Prashanth Tapse, Senior VP (Research), Mehta Equities said that Markets may see a subdued start amid sluggishness in the Gift Nifty index even as US markets ended firm in overnight trades and most of the Asian indices are exhibiting a positive trend. While the liquidity-driven rally may continue, the focus will soon shift to second quarter earnings in a couple of weeks time which would give some indication of the health of the corporates amid moderating inflation levels and slowing global growth. Technically, Benchmark Nifty could face resistance at 26900-27100 zone with support at 24981.
Read More: Stock Market LIVE: Markets slip after hitting fresh highs! Nifty breaches 26,200, Sensex