Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 34.60 points or 0.14% to settle at 25,052.35, while the BSE Sensex jumped 73.80 points or 0.09% to 81,785.56. The broader indices ended in mixed territory, with gain led by Large-cap stocks. Bank Nifty index ended lower by 134.90 points or 0.26% to settle at 51,143.85. IT and Pharma stocks outperformed among the other sectoral indices while Media and PSU Banks stocks shed.

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Benchmark domestic indices BSE Sensex and NSE Nifty 50 ended in positive territory on Wednesday.

15:34 (IST) 28 Aug 2024
Markets at Close

The NSE Nifty 50 gained 34.60 points or 0.14% to settle at 25,052.35, while the BSE Sensex jumped 73.80 points or 0.09% to 81,785.56.

15:27 (IST) 28 Aug 2024
Stock market today live updates : Markets Snap Shot

On August 28, 2024, out of the 3,922 stocks traded on the BSE, 2,135 stocks advanced, while 1,670 declined, and 117 remained unchanged. A total of 317 stocks reached a 52-week high, whereas 13 stocks hit a 52-week low. Additionally, 290 stocks were trading in the upper circuit, and 198 stocks were in the lower circuit.

15:24 (IST) 28 Aug 2024
Stock market today live updates : Top Movers on NSE

On the NSE, the top gainers were LTI, which jumped 6.54%, followed by Wipro with a 3.48% rise. IndusInd Bank gained 2.65%, Infosys advanced 2.32%, and Bajaj Auto increased by 1.49%.

On the losing side, Hero Motocorp led with a decline of 1.40%, followed by Asian Paints, which dropped 1.03%. Axis Bank fell by 0.84%, while Nestle India and Britannia were down by 0.77% and 0.73%, respectively.

15:16 (IST) 28 Aug 2024
Stock market today live updates : MarketsMojo launches its mutual fund investment distribution services platform

MarketsMojo announced the launch of its mutual fund investment and distribution services platform MOJOMF. The platform will be a complete advisory solution on mutual funds with guidance on how to generate alpha on investments. The move is aimed at attracting more investors, especially the youth, by making investment processes and advisory simple, accessible and free of charge.

15:10 (IST) 28 Aug 2024
Stock market today live updates : Top Gainers on Nifty IT

The top gainers among Nifty IT stocks include LTIMindtree, which surged 7.54%, followed by LTTS with a gain of 3.76%. Coforge saw a 3.51% increase, while Wipro and Infosys rose by 3.45% and 2.50%, respectively.

15:06 (IST) 28 Aug 2024
Stock market today live updates : Allcargo Gati shares in Focus

Allcargo Gati Limited is gearing up to meet the surge in demand during the festive season through collaborations with multinational brands and major e-commerce and quick commerce players. To handle the festive rush, Allcargo Gati has launched last-mile delivery operations for e-commerce giants across multiple locations in Maharashtra and West Bengal. The company also operates 15 mother hub sorting centers for its e-commerce customers. These sorting centers are operationally optimized and capable of handling volumes exceeding their usual capacity during the festive season.eading

15:03 (IST) 28 Aug 2024
Stock market today live updates : Motilal Oswal Asset Management Company (MOAMC) crosses Rs 1 Lakh CR AUM

Motilal Oswal Asset Management Company (MOAMC) announced today that its assets under management (AUM) have surpassed Rs 1 lakh crore as of August 26, 2024. Over the past decade, from April 2014 to August 2024, MOAMC's AUM has grown 50-fold, with a significant expansion in its customer base, now reaching approximately 32 lakh clients across over 200 locations in India. The company now manages around 46 lakh active folios across all its products.

In MOAMC's total AUM, active and passive mutual funds contribute Rs 71.8K crore (71.7%), followed by its Portfolio Management Services (PMS) AUM at Rs 14.5K crore (14.5%), and Alternative Investment Funds (AIF) at Rs 13.7K crore (13.7%). The Active MF AUM stands at Rs 47.1K crore, while the Passive MF AUM is at Rs 27.8K crore. The company holds a ~7% market share of all Category III AIF commitments and a ~6.5% share of all discretionary PMS customers in the industry.

14:51 (IST) 28 Aug 2024
Stock market today live updates : RIL's 47th AGM Tomorrow

During Reliance Industries' 47th AGM on August 29, Mukesh Ambani addressed 3.5 million shareholders. Key expectations included updates on IPOs for Reliance Jio and Reliance Retail, progress on New Energy projects, 5G monetization strategies, and succession planning. Analysts anticipate significant growth, particularly from the telecom and retail sectors, in the coming years.

Read More: RIL AGM Tomorrow! From Reliance Retail IPO to Leadership Transitions; Here are top 5 things to know ahead of RIL’s 47th AGM

14:37 (IST) 28 Aug 2024
Stock market today live updates : Dollar Rupee Outlook

Commenting on the Dollar Rupee Outlook Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas said that We expect Rupee to trade with a slight positive negative bias on recovery in the US Dollar and month end dollar demand from OMCs and importers.

Choudhary also added that the rise in global risk sentiments amid dovish Fed speak and rising expectations of a rate cut by the Fed in September may support the Rupee. Traders may remain cautious ahead of US GDP and core PCE data from the US this week. USDINR spot price is expected to trade in a range of Rs 83.75 to Rs 84.20.

14:07 (IST) 28 Aug 2024
Stock market today live updates : Markets Today

Benchmark indices Sensex and Nifty were trading higher on Wednesday afternoon, driven by gains in IT stocks. The BSE Sensex was up by 257.52 points, or 0.32%, reaching 81,969.28, while the Nifty50 rose by 81.40 points, or 0.33%, to 25,099.15.

13:36 (IST) 28 Aug 2024
Stock market today live updates : Coforge up 4.3%

The stock of Coforge rose 4.3% to an intraday high of Rs 6,345. It has a previous close of Rs 6,080.90. The stock touched its 52-week high of Rs 6,847.45 on February 19, 2024. The upper band for the stock is placed at Rs 6,688.95.

13:18 (IST) 28 Aug 2024
Share market today live updates : Tata Elxsi down 6.7%

Shares of Tata Elxsi fell 6.7% to an intraday low of Rs 8,372 in the string market. The stock has its previous close of Rs 8,971.40. It touched its 52-week low of Rs 6,411.20 on June 04, 2024. The lower band for the stock is placed at Rs 7,177.15.

12:46 (IST) 28 Aug 2024
Sensex today live updates : Sensex index movers

Courtesy: BSE

12:24 (IST) 28 Aug 2024
Share market today live updates : Choice Broking on Premier Energies IPO

"At a higher price band, Premier Energies Ltd. is demanding an EV/Sales multiple of 4.8x, which seems to be attractive considering the prevailing valuation of a sole listed peer (which is loss-making). Thus, we assign a “SUBSCRIBE” rating for the issue. valuation: With pro-active regulations, policy support and commitments towards renewable energy by the government, the domestic solar manufacturing market is likely to witness an accelerated growth trajectory in the medium term. Manufacturers like PEL with its dominant market position are well equipped to benefit from the expansion in the market. Continued restriction on trade with China by developed economies like the USA and Europe would continue to provide export opportunities for the company in the medium-term," said Choice Broking in an IPO note about Premier Energies IPO.

12:03 (IST) 28 Aug 2024
Markets today at afternoon

The NSE Nifty 50 was up 0.30% at 25,093.40 while the BSE Sensex was up 0.28% at 81,939.77.

12:01 (IST) 28 Aug 2024
Stock market today live updates : L&T Technology Services gains over 3%

Shares of L&T Technology Services gained up to 3% on Wednesday, as brokerage firms reiterated their positive outlook following the company's analyst day.

The management expressed their goal to reach a revenue run rate of $2 billion and an EBIT margin of 17-18% in the medium term.

11:55 (IST) 28 Aug 2024
Stock market today live updates : DCX Systems In Focus

DCX Systems Limited, an Indian aerospace and defense company, has announced a major international contract valued at $22.3 million (approximately ₹187.29 crore). The order, received from an overseas customer, is for the supply of electronic kits and is scheduled to be executed within 12 months.

11:45 (IST) 28 Aug 2024
Stock market today live updates : Nifty Hits All Time High

Nifty is trading above 25,100, with gains of over 80 points. The top gainers on Nifty 50 include LTIMindtree, Wipro, Infosys, IndusInd Bank, and Bajaj Auto.

11:31 (IST) 28 Aug 2024
Stock market today live updates : Adani Enterprises Launches Rs 400 Crore Public Issue of NCDs

Adani Enterprises Limited has launched a public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) priced at Rs 1,000 each, with an initial target to raise Rs 400 crore. The company has also included a green shoe option, allowing for an oversubscription of up to Rs 400 crore, potentially increasing the total issue size to Rs 800 crore, according to an exchange filing.

11:27 (IST) 28 Aug 2024
Stock market today live updates : Axiscades Technologies in focus

Mistral Solutions, an AXISCADES company, has announced the delivery and commissioning of a state-of-the-art Mobile Communication Office Vehicle (MCOV) for the Gujarat State Police. Despite the news, the stock remained flat on the NSE, trading at Rs 652.85.

11:17 (IST) 28 Aug 2024
Stock market today live updates : Tata Elxsi Ltd. Shares Decline 5%

Tata Elxsi Ltd. shares are experiencing profit booking in Wednesday's trading session, with the stock dropping up to 5%. This decline follows a strong performance in the previous two sessions, where the stock had gained 26%.

11:08 (IST) 28 Aug 2024
Stock market today live updates : Key Levels To Watch On Gold

Commenting on the Gold and outlook Renisha Chainani, Research Head at Augmont Gold for All said that The gold price continues to soar above $2500 per troy ounce, aided by rising geopolitical concerns in the Middle East. Last week, US Federal Reserve Chair Jerome Powell's address at the Jackson Hole symposium signalled the "time has come" to cut interest rates, which supports the precious metal.

Chainani also added that Gold ETF holdings surged by 15 tonnes last week, reaching their highest level in six months. Speculative interest is very intense. The net long position of speculative investors increased to roughly 193,000 contracts in the week ending August 20th, while gold reached an all-time high, its greatest level in over four and a half years.

"Gold buyers must reclaim the record high of $2532 (Rs 72270) before confronting the next important hurdle at $2550 (Rs 72500). Acceptance over the latter might attempt the $2600 (Rs 75000) round barrier en route to the triangle goal of $2660 (Rs 76500)," Chainani further added.

11:02 (IST) 28 Aug 2024
Stock market today live updates : Tanla Platforms in Focus

Tanla Platforms has launched Registration.ai, a new module under its Trubloq platform. Following the announcement, shares of the company were trading at ₹973.35 on the NSE, down 0.44%.

11:02 (IST) 28 Aug 2024
Share market today live updates : LTIMindtree up more than 6%

Shares of LTIMindtree rose 6.13% to an intraday high of Rs 6,128.95. The stock touched its 52-week high of Rs 6,442 on January 15, 2024. The upper band for the stock is placed at Rs 6,326.70. The stock was the top gainer in the Nifty 50.

10:52 (IST) 28 Aug 2024
Stock market today live updates : Reliance Securities on bullion

"International and domestic gold and silver prices gained marginally on Tuesday after the Dollar Index tumbled to a 13-month low. Recent Fed comments and Fed-friendly economic news seemed to confirm that the Fed will begin cutting interest rates next month and lift prices. Traders see a 65% chance of a 25-bps rate cut and about a 35% probability of a bigger 50-bps cut, according to the CME FedWatch tool. The U.S. Treasury Yields also remained subdued on Tuesday’s session and supported prices. On the data front, U.S. consumer confidence came in better than expected and capped further upside in bullion," said Sriram Iyer, Senior Research Analyst at Reliance Securities.

10:37 (IST) 28 Aug 2024
Share market today live updates : Mehta Equities on crude oil

"Crude oil prices exhibited significant volatility, retreating from recent highs after three consecutive days of gains. This decline followed disappointing U.S. manufacturing data, with the Richmond manufacturing index registering a reading of -19, below the expected -14, heightening concerns about demand. Additionally, worries about Chinese demand are further capping crude oil's potential gains. However, better-than-expected U.S. consumer confidence data and a weaker dollar index provided some support for oil prices at lower levels. A decrease in U.S. oil inventories also contributed to stabilizing prices. We anticipate that crude oil prices will remain volatile in today's session," said Rahul Kalantri, Vice President of Commodities at Mehta Equities.

10:26 (IST) 28 Aug 2024
Stock market today live updates : Orient Technologies lists at 40% premium on NSE

Orient Technologies was listed at Rs 288 on the National Stock Exchange, a premium of 40% to the issue price. The company was subscribed to a total of 154.84 times more than the offered shares. In this, the retail segment was booked 69 times. Orient Technologies opened its issue to investors on August 21 to raise a sum of Rs 214.76 crore. It received bids worth Rs 23,277.87 crore. The issue stopped taking bids on August 23. The company’s hares were fetching a premium of more than 46% in the grey market. It is an unofficial place where shares trade illegally ahead of listing.

10:17 (IST) 28 Aug 2024
Share market today live updates : Nifty 50 index movers

Banking stocks were dragging the index lower.

Courtesy: NSE