Indian Stock Market Hits New Highs Amid Sector-Specific Rallies

Indices turn rangebound; consumer durables shares advance

The key equity indices traded in a narrow range with small gains in mid-morning trade. The Nifty traded above the 24,950 mark. Consumer durables shares extended gains for the fourth consecutive trading session. Trading could be volatile due to weekly F&O series expiry today. At 11:30 IST, the barometer index, the S&P BSE Sensex was up 91.39 points or 0.13% to 81,614.55. The Nifty 50 index added 50.50 points or 0.20% to 24,968.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.67% and the S&P BSE Small-Cap index gained 0.33%. Click here to connect with us on WhatsApp The market breadth was positive. On the BSE, 2,126 shares rose and 1,593 shares fell. A total of 163 shares were unchanged. IPO Update : The initial public offer (IPO) of P N Gadgil Jewellers received 17,71,50,895 bids for shares as against 1,68,85,964 shares on offer, according to stock exchange data at 11:15 IST on Thursday (12 September 2024). The issue was subscribed 10.49 times. The issue opened for bidding on Tuesday (10 September 2024) and it will close on Thursday (12 September 2024). The price band of the IPO is fixed between Rs 456 to Rs 480 per share. An investor can bid for a minimum of 31 equity shares and in multiples thereof. Buzzing Index : More From This Section US dollar firms up as US inflation stays sticky reducing bets of outsized Fed rate cut Cabinet approves Modification of scheme of Budgetary Support for Hydro Electric Projects GE T&D India gains on bagging order worth 155 million euros Nippon India Mutual Fund launches Nippon India Nifty 500 Momentum 50 Index Fund NBCC gains on inking MoU with MTNL for Rs 1,600 cr project The Nifty Consumer Durables index gained 0.98% to 42,545.15. The index rallied 2.44% in four consecutive trading sessions. Kalyan Jewellers India (up 3.05%), Titan Company (up 1.07%), Havells India (up 0.97%), Blue Star (up 0.77%), Dixon Technologies (India) (up 0.73%), Kajaria Ceramics (up 0.70%), Voltas (up 0.69%), Crompton Greaves Consumer Electricals (up 0.65%), Cera Sanitaryware (up 0.4%) and Bata India (up 0.36%) advanced. On the other hand, V-Guard Industries (down 0.88%), Whirlpool of India (down 0.66%) and Century Plyboards (India) (down 0.14%) edged lower. Stocks in Spotlight : JSW Steel added 0.66%. The company said that its consolidated crude steel production for the month of August 2024 was at 23.16 Lakh tonnes, which is higher by 1% as compared with 22.86 lakh tonnes in August 2023. Shriram Finance advanced 1.94% after the companys board has approved and allotted non-convertible debentures (NCDs) on private placement basis for an issue size of Rs 1,000 crore with green shoe option of Rs 500 crore. Global Markets : Most Asian stocks advanced on Thursday, driven by a surge in technology stocks. Meanwhile, Japanese markets soared as a softer-than-expected producer price inflation reading undermined the Bank of Japan's hawkish stance. The gains in Japanese stocks were fueled by the August producer price index (PPI) data, which came in at a lower-than-anticipated 2.5% year-over-year increase. This marked the slowest PPI growth since May, contrasting with the previous month's 3.0% rise. Regional technology stocks followed their U.S. counterparts, buoyed by Nvidia CEO Jensen Huang's optimistic outlook on strong artificial intelligence demand. Chipmakers were particularly prominent among the gainers. However, a stronger-than-expected consumer inflation reading tempered expectations for interest rate cuts. Markets are now positioning for a 25-basis-point rate cut by the Federal Reserve next week. The annual core consumer price inflation rate in the United States, excluding volatile items like food and energy, stood at a three-year low of 3.2% in August 2024, matching July's figure. U.S. stocks rebounded on Wednesday after a volatile trading session, as investors assessed the implications of the latest inflation data for Federal Reserve policy. Tech shares led the recovery from earlier lows. The S&P 500 gained 1.07%, the Dow Jones Industrial Average added 0.31%, and the Nasdaq Composite rose 2.17%. The US Labor Department reported the consumer price index (CPI) rose 0.2% last month, in line with July. Core CPI, excluding volatile food and energy components, rose 0.3% on a monthly basis, exceeding expectations. Powered by Capital Market - Live News Also Read Stock Market LIVE updates: Sensex, Nifty maintain lead; Broader markets, all sectors gain Haryana, J-K Assembly elections updates: JJP-Azad Samaj Party alliance names 13 more candidates LIVE news: 52 detained after clashes in Mandya during Ganpati procession Congress' 5 promises for J-K: Rs 3,000 for women, health insurance & more Asian Hockey Champions Trophy 2024 LIVE UPDATES: IND vs KOR at 1:15 PM; PAK vs CHN at 3:30 PM

Barometers hit new life highs; Nifty ends above 25,350; VIX slides 3.26%

The domestic equity benchmarks ended with robust gains on Thursday. The Nifty settled above the 25,350 mark. All the sectorial indices on NSE ended in the green with metal, auto and PSU bank shares gaining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex surged 1,439.55 points or 1.77% to 82,962.71. The Nifty 50 index zoomed 470.45 points or 1.89% to 25,388.90. The Sensex and Nifty clocked an all-time high of 83,116.19 and 25,433.35, respectively in late trade. Click here to connect with us on WhatsApp In the broader market, the S&P BSE Mid-Cap index jumped 1.32% and the S&P BSE Small-Cap index gained 0.79%. The market breadth was positive. On the BSE, 2,340 shares rose and 1,610 shares fell. A total of 119 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 3.26% to 13.18. New Listing: More From This Section HPL Electric & Power spurts on Rs 144-cr order win Maharashtra Scooters board declares interim dividend of Rs 110 /share Granules India tumbles after Hyderabad facility gets six observations from USFDA Thermax enters into strategic collaboration with Ceres Power Granules India Ltd leads losers in 'A' group Shares of Shree Tirupati Balajee Agro Trading Company were closed at Rs 97.54 on the BSE, representing a premium of 17.52% as compared with the issue price of Rs 83. The scrip was listed at Rs 92.90, exhibiting a premium of 11.93% to the issue price. The stock has hit a high of 97.54 and a low of 92. On the BSE, over 17.05 lakh shares of the company were traded in the counter. IPO Update : The initial public offer (IPO) of P N Gadgil Jewellers received 72,28,30,348 bids for shares as against 1,68,85,964 shares on offer, according to stock exchange data at 15:15 IST on Thursday (12 September 2024). The issue was subscribed 42.81 times. The issue opened for bidding on Tuesday (10 September 2024) and it will close on Thursday (12 September 2024). The price band of the IPO is fixed between Rs 456 to Rs 480 per share. An investor can bid for a minimum of 31 equity shares and in multiples thereof. Buzzing Index: The Nifty Metal index jumped 2.91% to 9,290.85. The index fell 1.40% in the past trading session. National Aluminium Company (up 4.70%), Hindalco Industries (up 4.51%), NMDC (up 4.41%), Jindal Steel & Power (up 3.90%) and Vedanta (up 3.73%), Steel Authority of India (up 3.17%), JSW Steel (up 3.12%), Hindustan Zinc (up 2.84%), Jindal Stainless (up 2.81%) and Hindustan Copper (up 2.57%) advanced. Stocks in Spotlight: Adani Ports and Special Economic Zone advanced 2.67% after the company said that it has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. Shriram Finance rallied 3.32% after its board approved and allotted non-convertible debentures (NCDs) on private placement basis for an issue size of Rs 1,000 crore with green shoe option of Rs 500 crore. Nazara Technologies gained 4.82% after the companys wholly owned subsidiary, Nazara Dubai FZ entered into share purchase agreement to acquire 15.86% stake in GetStan Technologies (STAN) for Rs 18.4 crore or $2.2 million. JSW Steel added 2.96% after the said that its consolidated crude steel production for the month of August 2024 was at 23.16 Lakh tonnes, which is higher by 1% as compared with 22.86 lakh tonnes in August 2023. Inox Wind rose 2.98% after the company informed that its EPC projects subsidiary Global Wind Services has completed Rs 350 crore equity raise from marquee investors. NBCC (India) grew 2.48% after the company announced that it has signed a memorandum of understanding (MoU) worth Rs 1,600 crore with Mahanagar Telephone Nigam (MTNL) to develop a 13.88-acre land parcel in New Delhi. Lupin added 1.95% after the firm signed share subscription & shareholders' agreement with Sunsure Solarpark Seventeen and Sunsure Energy, to make equity investment in Sunsure Solarpark. Kalpataru Projects International gained 1.11% after the company along with its international subsidiaries has secured new orders worth Rs 2,774 crore. Hindustan Petroleum Corporation (HPCL) rose 0.59%. The company announced that it has received an approval from its board for the construction of pipeline from Visakh to Raipur at an estimated cost of Rs 2,212 crore. GE T&D India shed 0.19%. The company has received orders aggregating to 155 million Euros from Grid solutions, Middle East FZE, Dubai and SAS France. Global Markets: European shares advanced on Thursday as investors in the region were waiting for the European Central Bank's latest monetary policy decision. Most Asian stocks ended higher on Thursday, driven by a surge in technology stocks. Meanwhile, Japanese markets soared as a softer-than-expected producer price inflation reading undermined the Bank of Japan's hawkish stance. The gains in Japanese stocks were fueled by the August producer price index (PPI) data, which came in at a lower-than-anticipated 2.5% year-over-year increase. This marked the slowest PPI growth since May, contrasting with the previous month's 3.0% rise. Regional technology stocks followed their U.S. counterparts, buoyed by Nvidia CEO Jensen Huang's optimistic outlook on strong artificial intelligence demand. Chipmakers were particularly prominent among the gainers. However, a stronger-than-expected consumer inflation reading tempered expectations for interest rate cuts. Markets are now positioning for a 25-basis-point rate cut by the Federal Reserve next week. The annual core consumer price inflation rate in the United States, excluding volatile items like food and energy, stood at a three-year low of 3.2% in August 2024, matching July's figure. U.S. stocks rebounded on Wednesday after a volatile trading session, as investors assessed the implications of the latest inflation data for Federal Reserve policy. Tech shares led the recovery from earlier lows. The S&P 500 gained 1.07%, the Dow Jones Industrial Average added 0.31%, and the Nasdaq Composite rose 2.17%. The US Labor Department reported the consumer price index (CPI) rose 0.2% last month, in line with July. Core CPI, excluding volatile food and energy components, rose 0.3% on a monthly basis, exceeding expectations. Powered by Capital Market - Live News Also Read Asian Hockey Champions Trophy 2024 LIVE UPDATES: PAK 1-0 CHN, 3rd QTR; IND beat KOR 3-1 LIVE news: CPI(M) General Secretary Sitaram Yechury passes away after prolonged illness Stock Market Highlights, Sept 12: Benchmarks log record close; Sensex adds 1439pts, Nifty near 25400 India to lead global oil demand growth in 2024, surpassing China: IEA Need innovation-driven value creation in biotech: Kiran Mazumdar-Shaw

Benchmarks trade with decent gains; European mkt opens higher

The key equity indices traded with minor gains in afternoon trade. The Nifty traded above the 24,950 mark. All the sectoral indices on NSE were in the green with metal, PSU bank and auto shares gaining the most. Trading was volatile due to weekly F&O series expiry today. At 13:30 IST, the barometer index, the S&P BSE Sensex was up 159.54 points or 0.20% to 81,674.97. The Nifty 50 index added 81.75 points or 0.33% to 24,993.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1% and the S&P BSE Small-Cap index gained 0.55%. Click here to connect with us on WhatsApp The market breadth was positive. On the BSE, 2,171 shares rose and 1,650 shares fell. A total of 135 shares were unchanged. Gainers & Losers: Shriram Finance (up 3.08%), Hero Motocorp (up 2.17%), Hindalco Industries (up 1.78%), NTPC (up 1.71%) and Mahindra And Mahindra (up 1.56%) were major Nifty gainers. Nestle India (down 1.22%), ITC (down 1.03%), Tata Motors (down 0.97%), Tata Consultancy Services (down 0.74%) and Divi's Laboratories (down 0.63%) were major Nifty losers. More From This Section Castrol expands its auto care product range Jain Irrigation Systems enters into MoU with SKUAST-Kashmir HFCL showcases its latest innovative highdensity blown fibre solutions Currency in circulation expands 5.6% on year Systematix Corporate rises as board to mull funds raising on Sep 14 Shriram Finance advanced 3.08% after the companys board has approved and allotted non-convertible debentures (NCDs) on private placement basis for an issue size of Rs 1,000 crore with green shoe option of Rs 500 crore. Stocks in Spotlight: JSW Steel added 0.73%. The company said that its consolidated crude steel production for the month of August 2024 was at 23.16 Lakh tonnes, which is higher by 1% as compared with 22.86 lakh tonnes in August 2023. Adani Ports and Special Economic Zone added 1.09% after the company said that it has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. NBCC (India) advanced 2.21% after the company announced that it has signed a memorandum of understanding (MoU) worth Rs 1,600 crore with Mahanagar Telephone Nigam (MTNL) to develop a 13.88-acre land parcel in New Delhi. GE T&D India rose 0.62%. The company received orders aggregating to 155 million Euros from Grid solutions, Middle East FZE, Dubai and SAS France. Kalpataru Projects International rose 0.68%. The company along with its international subsidiaries has secured new orders worth Rs 2,774 crore. Hindustan Petroleum Corporation (HPCL) added 0.63%. The company announced that it has received an approval from its board for the construction of pipeline from Visakh to Raipur at an estimated cost of Rs 2,212 crore. Systematix Corporate Services advanced 2.27% after its board is scheduled to meet on Saturday, 14 September 2024 to approve fund raising by way of issue of equity shares on preferential basis. Nazara Technologies gained 2.39% after the companys wholly owned subsidiary, Nazara Dubai FZ entered into share purchase agreement to acquire 15.86% stake in GetStan Technologies (STAN) for Rs 18.4 crore or $2.2 million. Global Markets: The Dow Jones index futures were up 90 points, indicating a positive opening in the US stocks today. Europeans and Asian stocks advanced on Thursday, driven by a surge in technology stocks. Meanwhile, Japanese markets soared as a softer-than-expected producer price inflation reading undermined the Bank of Japan's hawkish stance. The gains in Japanese stocks were fueled by the August producer price index (PPI) data, which came in at a lower-than-anticipated 2.5% year-over-year increase. This marked the slowest PPI growth since May, contrasting with the previous month's 3.0% rise. Regional technology stocks followed their U.S. counterparts, buoyed by Nvidia CEO Jensen Huang's optimistic outlook on strong artificial intelligence demand. Chipmakers were particularly prominent among the gainers. However, a stronger-than-expected consumer inflation reading tempered expectations for interest rate cuts. Markets are now positioning for a 25-basis-point rate cut by the Federal Reserve next week. The annual core consumer price inflation rate in the United States, excluding volatile items like food and energy, stood at a three-year low of 3.2% in August 2024, matching July's figure. U.S. stocks rebounded on Wednesday after a volatile trading session, as investors assessed the implications of the latest inflation data for Federal Reserve policy. Tech shares led the recovery from earlier lows. The S&P 500 gained 1.07%, the Dow Jones Industrial Average added 0.31%, and the Nasdaq Composite rose 2.17%. The US Labor Department reported the consumer price index (CPI) rose 0.2% last month, in line with July. Core CPI, excluding volatile food and energy components, rose 0.3% on a monthly basis, exceeding expectations. Powered by Capital Market - Live News Also Read LIVE news: Supreme Court to deliver verdict on Delhi CM Kejriwal's bail in CBI case on Friday Asian Hockey Champions Trophy 2024 LIVE UPDATES: IND 2-0 KOR, 2nd QTR; PAK vs CHN at 3:30 PM Stock Market LIVE updates: Sensex up 100pts, Nifty tests 25k; FMCG, Realty muted, Metal, PSB climb Gastro problems could heighten Parkinson's disease risk by 76%: Study SC to consider SpiceJet's plea against Delhi HC order grounding 3 engines

Indices trade with decent gains; FMCG shares rally

The domestic equity benchmarks traded with decent gains in mid-morning trade. The Nifty traded above the 25,050 mark after hitting the days low of 24,981.30 in early trade. FMCG shares extended gains for the third consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 121.31 points or 0.15% to 82,042.60. The Nifty 50 index added 38.05 points or 0.15% to 25,079.15. In the broader market, the S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index gained 0.24%. Click here to connect with us on WhatsApp The market breadth was positive. On the BSE, 2,085 shares rose and 1,660 shares fell. A total of 141 shares were unchanged. IPO Update : The initial public offer (IPO) of P N Gadgil Jewellers received 5,55,31,726 bids for shares as against 1,68,85,964 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (11 September 2024). The issue was subscribed 3.29 times. The issue opened for bidding on Tuedsady (10 September 2024) and it will close on Thursday (12 September 2024). The price band of the IPO is fixed between Rs 456 to Rs 480 per share. An investor can bid for a minimum of 31 equity shares and in multiples thereof. More From This Section US stocks finished mixed ahead of inflation data Dollar index pulls back ahead of US inflation report Goa Carbon jumps on resuming operations at Goa unit Jubilant Pharmova gains as Washington unit gets VAI classification from USFDA Aurionpro Solutions bags contract worth Rs 200-cr from Panvel Municipal Corporation The initial public offer (IPO) of Kross received 5,99,42,902 bids for shares as against 1,53,50,877 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (11 September 2024). The issue was subscribed 3.90 times. The issue opened for bidding on Monday (9 September 2024) and it will close on Wednesday (11 September 2024). The price band of the IPO is fixed between Rs 228 to Rs 240 per share. An investor can bid for a minimum of 62 equity shares and in multiples thereof. The initial public offer (IPO) of Tolins Tyres received 5,90,32,578 bids for shares as against 74,88,372 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (11 September 2024). The issue was subscribed 7.88 times. The issue opened for bidding on Monday (9 September 2024) and it will close on Wednesday (11 September 2024). The price band of the IPO is fixed between Rs 215 to 226 per share. An investor can bid for a minimum of 66 equity shares and in multiples thereof. The initial public offer (IPO) of Bajaj Housing Finance received 7,74,06,53,492 bids for shares as against 72,75,75,756 shares on offer, according to stock exchange data at 11:15 IST on Wednesday (11 September 2024). The issue was subscribed 10.64 times. The issue opened for bidding on Monday (9 September 2024) and it will close on Wednesday (11 September 2024). The price band of the IPO is fixed between Rs 66 to 70 per share. An investor can bid for a minimum of 214 equity shares and in multiples thereof. Buzzing Index : The Nifty FMCG index gained 0.99% to 65,222.45. The index rallied 3.23% in three consecutive trading sessions. Varun Beverages (up 4.21%), Hindustan Unilever (up 1.66%), United Spirits (up 1.09%), Godrej Consumer Products (up 1.03%), Tata Consumer Products (up 0.91%), Marico (up 0.9%), Britannia Industries (up 0.81%), ITC (up 0.76%), Dabur India (up 0.71%) and Nestle India (up 0.48%) advanced. Stocks in Spotlight : Goa Carbon rallied 6.26% after the company informed that it has resumed operations at its Goa unit located at St. Jose de Areal, Salcete-Goa. Aurionpro Solutions slipped 1.01%. The company informed that it has received contract to deliver, implement, and maintain the safe city project from Panvel Municipal Corporation (PMC), Maharashtra. Global Markets : Asian stocks slipped on Wednesday, reflecting investor caution as they anticipate a crucial U.S. presidential debate and the release of key inflation data. Crude oil prices remained near three-year lows, below $70 per barrel, due to concerns about weak demand. The upcoming debate between Vice President Kamala Harris and former President Donald Trump could significantly influence the U.S. election. Investors will then turn their attention to the U.S. Consumer Price Index (CPI) report, which could provide clues about potential Federal Reserve interest rate cuts. While the Fed is expected to lower rates next week, the magnitude of the cut remains uncertain, especially after a mixed jobs report last Friday. U.S. stock markets experienced a volatile session on Tuesday, closing mixed as investors prepared for the CPI report. The S&P 500 (+0.5%) and Nasdaq Composite (+ 0.9%) finished slightly higher, while the Dow Jones Industrial Average (-0.2%) closed lower. Apple shares declined after the company lost a legal battle in the EU over a $14 billion tax bill. This followed the recent launch of the iPhone 16, which was met with some disappointment regarding its artificial intelligence capabilities. Powered by Capital Market - Live News Also Read LIVE news: Pakistan violates ceasefire along border in Jammu, BSF trooper injured European business confidence in China is at all-time low, says report Asian Hockey Champions Trophy 2024 LIVE UPDATES: PAK 2-1 JPN, 3rd QTR; India vs Malaysia at 1:15 PM Stock Market LIVE updates: Sensex climbs 100pts to 82k, Nifty at 25,100; FMCG, IT, Pharma, Health up Ben Stokes returns as England names 17-player squad for Pakistan Test tour

Benchmarks trade with minor gains; Tata Motors drops 5.33%

The key equity indices traded near the flatline in afternoon trade. The Nifty traded above the 25,050 mark after hitting the days low of 24,981.30 in early trade. FMCG, IT and pharma shares advanced while oil & gas, PSU bank and metal shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, added 61.17 points or 0.09% to 81,991.28. The Nifty 50 index rose 21.95 points or 0.09% to 25,089.70. In the broader market, the S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index added 0.10%. Click here to connect with us on WhatsApp The market breadth was positive. On the BSE, 1,947 shares rose and 1,933 shares fell. A total of 114 shares were unchanged. Gainers & Losers: Bajaj Auto (up 4.14%), Asian Paints (up 2.19%), Bajaj Finance (up 2.03%), Bharti Airtel (up 1.22%) and Tech Mahindra (up 1.01%) were major Nifty gainers. Tata Motors (down 5.33%), Oil and Natural Gas Corporation (ONGC) (down 3.03%), Bharat Petroleum Corporation (BPCL) (down 1.55%), Hindalco Industries (down 1.42%) and NTPC (down 1.14%) were major Nifty losers. More From This Section Eureka Forbes lists its shares on NSE Entero Healthcare soars after India Ratings upgrades rating to 'A-' Laurus Labs Ltd up for third straight session Zydus Lifesciences Ltd gains for third straight session Cipla Ltd up for third consecutive session Stocks in Spotlight: Gensol Engineering gained 1.86% after the company and Matrix Gas & Renewables has secured the project to setup green hydrogen production plant in Pune on build own and operate (BOO) basis. The said project will be Indias first green hydrogen valley project in Pune, Maharashtra. The company and Matrix will set up green hydrogen production plant to supply green hydrogen to specialty chemical sector with the firm offtake for 20 years. Aurionpro Solutions slipped 3.80%. The company informed that it has received contract to deliver, implement, and maintain the safe city project from Panvel Municipal Corporation (PMC), Maharashtra. The scope of the project includes the establishment of data centers, control command center, and video analytics capabilities to enable real-time monitoring and faster response times. Jubilant Pharmova advanced 1.16% after its subsidiary, Jubilant HollisterStier LLC's (JHS) manufacturing facility located at Spokane, Washington (USA) received classification of Voluntary Action Indicated from USFDA. The United States Food & Drug Administration (USFDA) conducted an audit of the facility from 28 May to 6 June 2024. The US drug regulatorhas now determined the inspection classification of the facility as Voluntary Action Indicated. Goa Carbon gained 6.38% after the company informed that it has resumed operations at its Goa unit located at St. Jose de Areal, Salcete-Goa. The company on 29 July 2024 informed that the operations at its Goa unit had been temporarily shut down for maintenance work from the same date. The operations are resumed now. Samvardhana Motherson International slipped 2.75%. The companys prominent client BMW announced a downward revision to its financial outlook for 2024. On Tuesday, the German luxury carmaker BMW has cut its profit margin forecast for the year due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental. BMW has cut its EBIT margin guidance for 2024 to between 6% to 7% from the 8% to 10% range earlier. EBIT margin for the motorcycle segment is also likely to be in the same range from the 8% to 10% range earlier. According to Samvardhana Motherson Internationals 2024 annual report, BMW accounted for 5% of the total revenue of the company. The share of Chinese market in the companys total revenue was at 11% for the period under review. Global Markets: The Dow Jones index futures were down 109 points, indicating a weak opening in the US stocks today. Europeans stocks advanced while Asian stocks traded lower on Wednesday, as investors focus on the latest U.S. inflation data set to be released later in the day. Crude oil prices remained near three-year lows, below $70 per barrel, due to concerns about weak demand. The upcoming debate between Vice President Kamala Harris and former President Donald Trump could significantly influence the U.S. election. Investors will then turn their attention to the U.S. Consumer Price Index (CPI) report, which could provide clues about potential Federal Reserve interest rate cuts. While the Fed is expected to lower rates next week, the magnitude of the cut remains uncertain, especially after a mixed jobs report last Friday. U.S. stock markets experienced a volatile session on Tuesday, closing mixed as investors prepared for the CPI report. The S&P 500 (+0.5%) and Nasdaq Composite (+ 0.9%) finished slightly higher, while the Dow Jones Industrial Average (-0.2%) closed lower. Apple shares declined after the company lost a legal battle in the EU over a $14 billion tax bill. This followed the recent launch of the iPhone 16, which was met with some disappointment regarding its artificial intelligence capabilities. Powered by Capital Market - Live News Also Read LIVE news: Our dream is to have Indian-made chip in every device in the world, says PM Modi BSEB Exam 2025: Registration started for class 10, 12, view details Stock Market LIVE updates: Sensex, Nifty slip into red; O&G, Auto, financials tumble Asian Hockey Champions Trophy 2024 LIVE UPDATES: IND 3-0 MAL, 2nd QTR ;PAK beat JPN 2-1 This T-group media stock is locked in upper circuit for 111th straight day

Indices nudge lower in early trade; breadth strong

The headline equity benchmarks traded with minor losses in early trade. The Nifty traded below the 25,050 mark. Realty, private bank and metal shares declined while pharma, FMCG and PSU bank stocks traded higher. At 09:30 IST, the barometer index, the S&P BSE Sensex, fell 102.12 points or 0.13% to 81,823.62. The Nifty 50 index lost 27.25 points or 0.11% to 25,013.85. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index gained 0.35%. Click here to connect with us on WhatsApp The market breadth was strong. On the BSE, 1,843 shares rose and 1,104 shares fell. A total of 128 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 2,208.23 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 275.37 crore in the Indian equity market on 10 September 2024, provisional data showed. Stocks in Spotlight: Ashoka Buildcon rose 0.06%. The company has finalized the agreement to transfer its complete 90% stake in ABL Indira Projects JV LLP for a sum of Rs 5.44 crore to Indira Projects & Development (Tamnil Nadu). More From This Section Century Textiles & Industries acquires ownership of 10-acre land in Worli, Mumbai Hindustan Zinc partners with Skipper for India's Heaviest Transmission Steel Pole Structure Gensol Engineering collaborates with Matrix Gas & Renewables Satin Creditcare Network inducts three new directors ONGC Videsh, Oil India and KABIL sign MoU with IRH, UAE Indian Renewable Energy Development Agency (IREDA) added 0.24%. The company said that that the International Financial Service Centre Authority (IFSCA) granted provisional registration to IREDA Global Green Energy Finance (IFSC), a wholly owned subsidiaries of the company, as finance company at Gift City on 4 September. Reliance Industries gained 0.16%. The company said said that Reliance Retail Ventures and Delta Galil Industries have entered a strategic partnership in India. Through the joint venture with Reliance Retail, Delta Galil will expand its presence in India and establish an apparel innovation platform focused on the Indian market. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.17% to 6.953 as compared with previous close 6.965. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9675, compared with its close of 83.9800 during the previous trading session. MCX Gold futures for 4 October 2024 settlement rose 0.17% to Rs 72,040. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.20% to 101.43. The United States 10-year bond yield fell 0.53% to 3.625. In the commodities market, Brent crude for November 2024 settlement gained 37 cents or 0.53% to $69.56 a barrel. Global Markets: Asian stocks slipped on Wednesday, reflecting investor caution as they anticipate a crucial U.S. presidential debate and the release of key inflation data. Crude oil prices remained near three-year lows, below $70 per barrel, due to concerns about weak demand. The upcoming debate between Vice President Kamala Harris and former President Donald Trump could significantly influence the U.S. election. Investors will then turn their attention to the U.S. Consumer Price Index (CPI) report, which could provide clues about potential Federal Reserve interest rate cuts. While the Fed is expected to lower rates next week, the magnitude of the cut remains uncertain, especially after a mixed jobs report last Friday. U.S. stock markets experienced a volatile session on Tuesday, closing mixed as investors prepared for the CPI report. The S&P 500 (+0.5%) and Nasdaq Composite (+ 0.9%) finished slightly higher, while the Dow Jones Industrial Average (-0.2%) closed lower. Apple shares declined after the company lost a legal battle in the EU over a $14 billion tax bill. This followed the recent launch of the iPhone 16, which was met with some disappointment regarding its artificial intelligence capabilities. Powered by Capital Market - Live News Also Read Freight train derails in southwest Russia due to 'interference': Officials Bajaj Housing IPO GMP rockets 100% on last day; should you park your funds? Kamala Harris accuses Donald Trump of plotting 'Project 2025': What is it? Greater Noida Stadium may have hosted last int'l game; awaiting report Stock Market LIVE updates: Sensex gains 50pts to test 82k, Nifty over 25k; Auto, O&G, Realty drag