Stock Market Highlights, Aug 20: Sensex rises 378 pts levels

Stock Market Highlights on August 20: Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent

11:17 PM

Testing 1 : Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25

1:10 PM

Allcargo Logistics shares shoot up to 12% on July's business data; details

1:00 PM

Surya Roshni hits over six-month high, surges 29% in 7 days post Q1 results

12:59 PM

Tech Mahindra shares reach 52-week high after 103 acre land sale: details

12:57 PM

Marksans Pharma hits 52-week high after USFDA issues EIR for Goa facility

12:56 PM

Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25

12:55 PM

Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%

7:05 PM

Allcargo Logistics shares shoot up to 12% on July's business data; details

Shares of Allcargo Logistics soared up to 11.59 per cent at Rs 68.65 per share on the BSE in Tuesday’s intraday trade. This came after the company on Monday released its monthly business figures. 

In July 2024,the company’s LCL (Less than Container Load) volume reached 818,000 cubic metres, matching its highest-ever monthly volume recorded in August 2022. This represents a 6 per cent increase from the previous month and a 5 per cent rise compared to July 2023.

7:04 PM

Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%

Shares of state-owned shipbuilding companies were under pressure falling by up to 9 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes in an otherwise strong market on valuation concerns.

Mazagon Dock Shipbuilders (MDSL) (down 9 per cent at Rs 4,278.80), Garden Reach Shipbuilders & Engineers (GRSE) (down 9 per cent at Rs 1,751.60) and Cochin Shipyard (down 5 per cent at Rs 2,039.50) fell in the range of 5 per cent to 9 per cent in intra-day trade. These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July. In comparison, the BSE Sensex was up 0.5 per cent at 80,862 at 12:26 PM.

7:04 PM

Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25

Hindustan Zinc dividend news: Shares of Hindustan Zinc, a subsidiary of the mining conglomerate Vedanta, jumped 3.56 per cent to Rs 513.40 on the BSE during intra-day trade on Tuesday. The surge in the stock price followed news that the company's board had considered and approved the second interim dividend for FY24

7:04 PM

Marksans Pharma hits 52-week high after USFDA issues EIR for Goa facility

Shares of Marksans Pharma  soared up to 1.98 per cent at Rs 220.14 per share on the BSE in Tuesday’s intraday trade. This came after the pharmaceutical company on Tuesday said that it has received an establishment inspection report (EIR) from the United States Food and Drugs Administration for its manufacturing facility in Goa.

7:03 PM

Tech Mahindra shares reach 52-week high after 103 acre land sale: details

Shares of Tech Mahindra soared up to 2.48 per cent, hitting its 52-week high at Rs 1,634.25 per share on the BSE in Tuesday’s intraday deals

7:03 PM

Surya Roshni hits over six-month high, surges 29% in 7 days post Q1 results

Surya Roshni share price today hit an over six-month high of Rs 714.95, surging 5 per cent on the BSE. The stock extended its rally on Tuesday after Surya Roshni company reported a strong set of numbers for the quarter ended June 2024 (Q1FY25) with healthy growth outlook.

7:03 PM

Festival season sees airfare surge of 10-25% for major domestic routes

The festive season is round the corner and airfares are on the rise. A recent analysis indicates that average one-way ticket prices for major domestic routes are 10-15 per cent higher for Diwali and up to 20-25 per cent higher for flights to Kerala cities for Onam.

7:02 PM

In a setback to BSE, Sebi denies relief on payment of regulatory fee

In a setback to BSE, the market regulator has denied any relief to the stock exchange on the payment of differential regulatory fee based on annual turnover.

7:02 PM

Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller

Zomato’s shares valued Rs 5,438.50 crore were sold in a block deal on Tuesday, with the deal later being upsized. Antfin Singapore Holding, a subsidiary of Alibaba Group, is believed to be the seller in this transaction, according to a report by Moneycontrol.

7:02 PM

'Easing geopolitical risks & weak China demand have led to fall in crude prices, benefiting domestic economy'

The domestic market started the session with a strong surge, buoyed by positive global sentiment amidst Israel-Hamas ceasefire talks and diminishing US recession fears due to recent favourable data. Concurrently, easing geopolitical risks and weak China demand have led to a decline in crude prices, benefiting the domestic economy. Meanwhile, inflationary pressure in Japan and the appreciating Yen cautioned the rally. This week’s Japan inflation data and FOMC minutes will provide insights into future interest rate trajectories and market trends.

Views by: Vinod Nair, Head of Research, Geojit Financial Services

7:01 PM

Tech View: 'The trend is likely to remain strong as long as Nifty stays above the 24,600-24,650 range'

The Nifty moved above 24,700 after sustaining above 24,600. The trend is likely to remain strong as long as it stays above the 24,600-24,650 range. A decisive fall below 24,600 might trigger a reversal of the current uptrend. On the higher end, the Nifty might move towards 24,840-24,860.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

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