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Stock Market LIVE Updates: M&M, HDFC Bank, Sun Pharma lift Sensex; Nifty above 24,800; SMIDs gain
11:54 AM
Stock Market LIVE Updates: BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel
Stock Market LIVE Updates: Shares of BMW Industries rose nearly 12 per cent in Wednesday's intraday session after it landed an order worth ₹364.69 crore from Tata Steel for the conversion of hot rolled coils into tubes.
The steel processing company's stock rose as much as 11.68 per cent during the day to ₹59.7 per share, the biggest intraday gain since May 5. The stock pared gains to trade 4.5 per cent higher at ₹55.8 apiece, compared to a 0.72 per cent advance in BSE Sensex as of 11:06 AM. READ MORE
11:34 AM
Stock Market LIVE Updates: Why are Whirlpool of India share price rising 8% in trade
11:20 AM
Stock Market LIVE Updates: Here's why Dredging Corp share was buzzing in trade on May 21
Stock Market LIVE Updates: Shares of Dredging Corporation of India (Dredging Corp) saw strong buying interest on Wednesday, May 21, 2025, surging as much as 14.9 per cent to hit an intraday high of ₹777.65 apiece.
By 10:18 AM, the stock was trading 11.56 per cent higher at ₹755 per share, outperforming the broader market, with the BSE Sensex up 0.86 per cent at 81,883.58.
11:08 AM
Stock Market LIVE Updates: Pharma shares in focus; GSK, Jubilant, Eris, Gland, Torrent rally up to 8%
Stock Market LIVE Updates: Pharma stocks were in demand, and surged up to 8 per cent on the bourses on healthy growth outlook. In-line March quarter performance, coupled with Torrent Pharma and Gland Pharma's optimistic FY26 guidance led the up move in pharma stocks.
GlaxoSmithKline Pharmaceuticals (GSK Pharma), Ajanta Pharma, Gland Pharma, Jubilant Pharmova, Torrent Pharmaceuticals, Natco Pharma, Aurobindo Pharma, Lupin, Ipca Labs, Dr Reddy's Laboratories, Cipla, Divi's Laboratories, Granules India and Sun Pharmaceutical were up in the range of 2 per cent to 8 per cent in intra-day trade. READ MORE
10:54 AM
Stock Market LIVE Updates: India well-positioned to deal with negative effects of US tariffs: Moody's
Stock Market LIVE Updates: A Moody's Ratings' report suggested that India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy.
In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. READ MORE
10:39 AM
Stock Market LIVE Updates: Astonea Labs; initial public offering (IPO) will open for subscription on Tuesday, May 27, 2025. The of pharmaceutical and cosmetic products manufacturer aims to raise ₹37.67 crore through a fresh issue of 2.79 million equity shares. There is no offer for sale (OFS) component. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs).
10:19 AM
Stock Market LIVE Updates: Most stocks turn positive on Sensex as index surges 700 pts
Stock Market LIVE Updates: The BSE Sensex moved sharply higher in early deals on Wednesday, trading over 700 points higher at 81,899. Sun Pharma, M&M, HDFC Bank, Tata Motors, Nestle India, Ultratech Cement, and Tata Steel are some of the top stocks on the Sensex today. Meanwhile, only three stocks are trading lower.
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Economic Times
14 minutes ago
- Economic Times
Breakout Stocks: How to trade Torrent Pharma, SBI Life and eClexr that hit fresh 52-week high?
Indian markets closed negatively for the second straight day, with the BSE Sensex dropping over 700 points and the Nifty50 falling below 24900. Healthcare saw buying interest, while oil & gas, power, utilities, and capital goods experienced selling pressure. Analysts suggest holding Torrent Pharma, considering buying SBI Life on dips, and avoiding eClerx due to potential reversal signals. Tired of too many ads? Remove Ads We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Kunal Kamble, Sr. Technical Research Analyst at Bonanza Torrent Pharma: HOLD Tired of too many ads? Remove Ads SBI Life Insurance: Buy On Dip Tired of too many ads? Remove Ads eClerx: Avoid The Indian market closed in the red for the second consecutive day in a row on Friday. The BSE Sensex fell more than 700 points while the Nifty50 closed below buying was seen in healthcare while selling was seen in oil & gas, power, utilities and capital that hit 52-week high include names like Torrent Pharma which rose more than 2%, SBI Life gained nearly 2% and eClerx pared gains and closed 0.3% lower on Pharma has given a breakout above the falling trendline (initiated on 23rd June 2025) and has now also surpassed its previous swing high, confirming a bullish rise in volume during the breakout session reflects strong buying interest at current levels. The price is trading above all key EMAs, which suggests the broader trend remains RSI has broken above its resistance zone, pointing toward rising momentum. On the directional front, DI+ is above DI-, and the ADX is trending higher, indicating growing strength in the ongoing up stock has opened the path for a potential upside towards 3800–4200. Hold long positions with a trailing stop-loss at Life is currently consolidating near its resistance zone, reflecting a tug-of-war between buyers and sellers. While buyers are showing interest on dips, the inability to surpass the resistance suggests hesitation at higher RSI flattening at the upper range signals a pause in momentum, and the directional indicators (DI+, DI-) are converging, which reflects a lack of clear a flat ADX confirms the absence of strength in the ongoing move. The stock is likely to remain range bound in the short term, but dips may continue to attract buying interest. Accumulation on declines could be is currently trading near its resistance zone and has formed a shooting star pattern on the weekly chart, which serves as an early indication of potential recent rise in price accompanied by declining volume reflects weakening conviction in the ongoing up move. The momentum indicator (RSI) is slipping from higher levels, suggesting a possible loss of setup indicates caution at current levels. A move above ₹3882, backed by strong volume, would be required to validate further upside. Avoid fresh entries at current levels. Wait for a breakout above ₹3882 with volume confirmation for any bullish consideration.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Mint
44 minutes ago
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 28
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a muted opening on Monday, tracking mixed global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,832 level, a discount of nearly 18 points from the Nifty futures' previous close. On Friday, the Indian stock market ended with sharp losses, with the benchmark Nifty 50 closing below 24,900 level. The Sensex crashed 721.08 points, or 0.88%, to close at 81,463.09, while the Nifty 50 settled 225.10 points, or 0.90%, lower at 24,837.00. Here's what to expect from Nifty 50 and Bank Nifty today: Nifty 50 broke the key support level of 24,880 and formed a big bearish candle on the daily chart, signalling weakness. On the weekly scale, the Nifty 50 slipped 0.53%, highlighting a broader weakening trend. 'Nifty 50 closed below its 50-Day simple moving average (SMA) for the first time in several weeks. Meanwhile, the gap between the 9-day and 20-day EMAs has begun to widen, indicating a strengthening bearish outlook in the short term. The index also breached the 61.8% Fibonacci retracement level drawn from the previous swing low to high, which was placed near 24,920, signaling a potential breakdown of the recent recovery attempt,' said Om Mehra, Technical Research Analyst, SAMCO Securities. Additionally, the Relative Strength Index (RSI) on the daily chart stands at 40, while the MACD continues to widen its gap between the fast and slow lines. 'The earlier 'buy-on-dip' approach may now give way to a 'sell-on-rise' strategy unless the index manages to reclaim and sustain above the crucial 25,200 level, which would be necessary to revive the upward trajectory,' Mehra said. Dr. Praveen Dwarakanath, Vice President of noted that the Nifty 50 index has closed near the lower Bollinger Band, a support from which can push the index upside. 'The momentum indicators in today's fall have come into the oversold region, which can also push the markets upside from current levels. The index is also at a strong weekly Buy level between 24,600 - 24,800, a bounce from this level can present a strong selling opportunity near the 25,200 levels,' said Dwarakanath. According to VLA Ambala, Co-Founder of Stock Market Today, Nifty 50 crossed its 50-day EMA, which was a key technical support for short-term traders. 'Following this breach, I advise traders to adopt a sell-on-rise strategy. Investors focused on industrial sector ETFs might consider the 24,500 level as an initial entry point. Considering these factors, we can expect the Nifty 50 to gain support between 24,720 and 24,500 and meet resistance near 24,980 and 25,050,' Ambala said. Bank Nifty index declined 537.15 points, or 0.94%, to close at 56,528.90 on Friday. For the week, Bank Nifty registered a modest gain of 0.44%. 'From a technical standpoint, the weekly price action has resulted in the formation of a Gravestone Doji candlestick pattern, which typically signals indecision in the market and a potential reversal when it appears after an up-move. This pattern, coupled with the repeated failure to breach resistance, suggests caution in the near term, with the need for a strong breakout to resume upward momentum,' said Sudeep Shah, Head - Technical and Derivatives Research, SBI Securities. Going ahead, according to Shah, the zone of 57,300 - 57,400 is likely to continue to act as a crucial hurdle for the Bank Nifty index, while on the downside, the zone of 56,200 - 56,100 will act as important support as it is the confluence of the 50-day EMA and prior swing low. 'Any sustainable move below the level of 56,100 will lead to further selling pressure in the Bank Nifty index upto the level of 55,500 in the short term,' Shah said. Puneet Singhania, Director at Master Trust Group highlighted that the Bank Nifty index closed below its 21-day EMA, indicating short-term weakness. 'However, the broader trend remains positive, with the 55-day EMA holding firm near the 56,000 level and the index still trading above its ascending trendline. This suggests the current dip presents a buying opportunity. Strong support is seen at 56,000; a breach below this may lead to a decline toward 55,300. On the upside, 57,100 is the immediate resistance,' Singhania said. A breakout above this level could trigger fresh buying momentum, potentially pushing the Bank Nifty index toward 57,600 and new all-time highs, he added. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates said that the Bank Nifty index breached its 50-DEMA support and formed a bearish candle on the daily chart, reflecting sustained selling at higher levels. 'Last week's low of Bank Nifty is placed near 56,200, which will now act as the next crucial support. Until the index decisively crosses 57,320, traders are advised to book profits on bounces and wait for a clear breakout for fresh upside momentum,' Yedve said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
44 minutes ago
- Economic Times
Gold hits near two-week low after US, EU agree to tariff deal
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
