Stock Market News Live: Vodafone Idea Up Nearly 4%
The shares of Vodafone Idea was up over 3% after posting its first quarter earnings. The scrip was trading with 3% gains at Rs 6.35 apiece compared to 1.50% gains in the benchmark index Nifty 50.
Stock Market News Live: RVNL Shares In The Green
The shares of RVNL were trading higher after the company has received a Letter of Acceptance worth Rs 90.6 crore from Southern Railway for the provision of a Video Surveillance System, earlier last week.
The scrip was trading with gains of 0.45%, at Rs 325.5 apiece and these gains compare to a 1.58% gains in the Nifty 50.
Stock Market News Live: Ashok Leyland Share Price
The shares of Ashok Leyland were trading nearly 7% higher after the the company posted its fist quarter results. The gains of over 6% compare to the 1.48% gains in the Nifty 50.
Stock Market News Live: Nifty Auto Up Nearly 4% As Hero Moto, Maruti Suzuki Lead Gains
After the PM’s hints at a GST reform, Auto sector emerges as the big winner among sectors with the possible tax cut boosting benefit,
Stocks like Hero Moto, Maruti Suzuki, Bajaj Auto, TVS Motor, Ashok Leyland are the players leading the gains of the pack.
Stock Market News Live: Auto Stocks Gain Most
At open, the Nifty 50 was up over 1% above the 24,900 levels. The Sensex surged over 900 points at open.
Zooming into the top gainers, leading the index, Auto stocks like Hero Moto, Maruti Suzuki were leading the pack.
Stock Market News Live: Nifty, Sensex Up Over 1% At Pre-Open
At pre-open, the Nifty 50 was trading 1.37% higher at 24,955 while the Sensex also gained over 900 points at 81,529 at preopen.
The Indian markets, despite the no deal from Trump-Putin meeting is focused on the domestic positive cues. PM Modi had hinted at a GST Reform, set to boost consumption, is cheering the markets this Monday morning.
Stock Market News Live: What Brokerages Say On Ashok Leyland
Jefferies
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Maintained Hold rating; raised price target to Rs 120 from Rs 115
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Demand subdued but margins healthy
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Profitability focus appreciated, but valuation at 5.5x FY26 PB limits upside unless truck demand improves
BofA
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Maintained Buy rating with price target of Rs 146
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Margins resilient; truck cycle fundamentals improving
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Early signs of recovery in truck demand visible
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Finance arm gets RBI approval, a step towards listing
Stock Market News Live: Auto Stocks In Focus
Earlier, the Centre had proposed a two-slab GST structure that could bring widespread relief to consumers and streamline indirect taxation in a move that could be the most significant overhaul of the Goods and Services Tax regime since its rollout in 2017.
The Centre is considering a major overhaul in the GST structure for automobiles, proposing a new categorisation based on engine capacity rather than vehicle type.
This could pave the way for lower tax rates on small cars and the elimination of the current, often confusing, definition of SUVs under GST, sources told NDTV Profit.
Stock Market News Live: Nifty Resistance At 24,850
The overall sentiment of the NSE Nifty 50 is likely to favour bullish trades as long as the index holds above 24,337, according to Rupak De, senior technical analyst at LKP Securities.
“On the higher side, resistance is placed at 24,660 and 24,850, while a fall below 24,337 could trigger a resumption of the bearish trend,” he said.
For short-term traders, 24,500 will act as a key support zone. As long as the market trades above this level, the bullish sentiment is likely to continue, according to Amol Athawale, vice president of technical research at Kotak Securities.
Stock Market News Live: F&O Cues To Watch
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Nifty August Futures down by 0.17% to 24,685 at a premium of 54 points.
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Nifty August futures open interest down by 0.66%
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Nifty Options Aug. 21 Expiry: Maximum Call open interest at 25500 and Maximum Put open interest at 22600
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Securities in Ban Period: PGEL, PNB Housing, RBL Bank, Titagarh.
Stock Market News Live: GIFT Nifty Near 24,900
The GIFT Nifty was trading near 24,900 early on Monday. The futures contract based on the benchmark Nifty 50 was up 1% at 24,901 as of 7:10 a.m., indicating a positive start for the Indian market.
The benchmark equity indices closed flat on Thursday, Aug. 14. Shares of Wipro, Eternal and HDFC Life contributed positively to the index. The NSE Nifty 50 had ended 11.9 points or 0.05% higher at 24,631.3 and the BSE Sensex ended 57.7 points or 0.07% up at 80,597.6.
Stock Market News Live: Markets On Monday
Good morning! This is NDTV Profit’s live coverage of the Indian equity market today. After an action packed weekend, both global and domestic cues are set to move the market today.
Here we bring you real-time updates, analyst insights, top stock picks by experts, and all the market moving news you need to know. Stay tuned and stay ahead of the curve.
. Read more on Markets by NDTV Profit.