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Business News/ Markets / Latest Market News Today highlights October 16, 2024: Reliance bonus issue: RIL board passes 1:1 issue of free shares with majority votes; Record date fixed
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Latest Market News Today highlights October 16, 2024: Reliance bonus issue: RIL board passes 1:1 issue of free shares with majority votes; Record date fixed

92 min read . Updated: 16 Oct 2024, 09:24 PM IST
Livemint

Latest Market News Today highlights: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Latest news on October 16, 2024: Reliance Industries AGM 2024: A man walks past a Reliance Industries sign board installed on a road divider in Gandhinagar, Gujarat. Addressing the 47th AGM in Mumbai on August 29, Reliance Chairman Mukesh Ambani said the company would launch a suite of AI tools. (REUTERS)Premium
Latest news on October 16, 2024: Reliance Industries AGM 2024: A man walks past a Reliance Industries sign board installed on a road divider in Gandhinagar, Gujarat. Addressing the 47th AGM in Mumbai on August 29, Reliance Chairman Mukesh Ambani said the company would launch a suite of AI tools. (REUTERS)

Latest Market News Today highlights: Catch today's market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
16 Oct 2024, 09:24:32 PM IST

Stock Markets Today Live Updates: Reliance bonus issue: RIL board passes 1:1 issue of free shares with majority votes; Record date fixed

  • Reliance bonus issue: The oil-to-telecom conglomerate has fixed Monday, October 28, 2024 as the record date for the bonus issue .
Read the full story here

16 Oct 2024, 08:42:42 PM IST

Stock Markets Today Live Updates: Stocks to buy: ABB to Glenmark Pharma - Motilal Oswal bet on these three shares for this week

  • Brokerage firm Motilal Oswal has recommended three stocks - ABB, Exide Ind, and Glenmark Pharma - to buy this week with decent upside potential.
Read the full story here

16 Oct 2024, 08:15:05 PM IST

Cryptocurrency Today Live Updates: Bitcoin bulls eye $70,000 near record-high on optimism around riskier assets ahead of US elections

  • Bitcoin bulls are setting their sights again on the record highs reached in March with optimism building around riskier assets and the looming US elections.
Read the full story here

16 Oct 2024, 07:28:53 PM IST

IPO News Today Live Updates: Hyundai Motor India IPO: India's biggest public issue subscribed 42% on day 2, QIBs bid highest; Latest GMP here

  • Hyundai Motor India IPO: India's biggest public issue subscribed 42% on day 2, QIBs bid highest; Latest GMP here
Read the full story here

16 Oct 2024, 06:51:46 PM IST

Stock Markets Today Live Updates: LVHM crashes 7.5% in worst plunge since COVID-19 over China's luxury spending slowdown, stock down 21% YTD

  • LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.
Read the full story here

16 Oct 2024, 06:44:01 PM IST

Commodity News Today Live Updates: Gold hits fresh record high to ₹78,900 per 10 grams; What's driving the rally?

  • Gold with 99.5% purity surged by ₹250, reaching a new record high of ₹78,500 per 10 grams, compared to the previous close of ₹78,250 per 10 grams.
Read the full story here

16 Oct 2024, 05:34:00 PM IST

Stock Markets Today Live Updates: Mutual funds boost holding in Delhivery to all-time high in September quarter

  • In Q2 FY25, mutual funds raised their stake in Delhivery to 24.91%, a rise from 19.05% in June. Notable funds that increased holdings in Delivery include SBI and Mirae Asset. Despite share recovery, Delhivery's stock trades below its IPO price of ₹487.
Read the full story here

16 Oct 2024, 04:51:54 PM IST

Stock Markets Today Live Updates: Expert view: Low rate regime unlikely in next few years; small-cap segment a stock-picker’s paradise, says TRUST MF CIO

  • Expert view: Mihir Vora, CIO of TRUST Mutual Fund, predicts a low-rate regime is unlikely due to persistent inflation. He highlights small-caps' attractiveness, driven by consistent investor gains.
Read the full story here

16 Oct 2024, 04:03:18 PM IST

Stock Markets Today Live Updates: Top Gainers and Losers today on 16 October, 2024: HDFC Life Insurance Company, Dr Reddys Laboratories, Trent, Mahindra & Mahindra among most active stocks; Check full list here

  • Top Gainers and Losers Today : The Sensex lost 318.76 points, or -0.39, to settle at 81820.12, while the Nifty lost 86.05 points, or -0.34, to close at 25057.35.
Read the full story here

16 Oct 2024, 03:55:31 PM IST

Mark To Market Today Live Updates: HDFC Life continues to struggle with margin pain

  • An analysis of the annualised premium equivalent (APE) for Q2FY25 shows the adverse new business profile, including product mix and higher policy benefits, may be putting pressure on the value of new business (VNB) margin.
Read the full story here

16 Oct 2024, 03:40:48 PM IST

Stock Markets Today Live Updates: Stock market today: Sensex, Nifty 50 fall for second consecutive session; Infosys, Mahindra and Mahindra top drags

  • Stock market today: Sensex, Nifty 50 fall for second straight session; Infosys, Mahindra and Mahindra top drags
Read the full story here

16 Oct 2024, 03:34:23 PM IST

IPO News Today Live Updates: IPO buzz: 18 of top 30 biggest IPOs fail to outperform Nifty 500: Capitalmind

  • IPO buzz: Capitalmind's study indicates that many large IPOs, including Reliance Power, failed to deliver excess returns compared to the Nifty 500. Zomato is highlighted as a standout performer among the top IPOs, while market conditions influenced recent IPO successes.
Read the full story here

16 Oct 2024, 03:28:14 PM IST

Stock Markets Today Live Updates: TVS Holdings board to consider raising funds via non-convertible debentures on October 23

  • TVS Holdings is gearing up to raise funds. The company has scheduled a board meeting on October 23 to discuss issuing Non-Convertible Debentures (NCDs) on a private placement basis.
Read the full story here

16 Oct 2024, 03:18:40 PM IST

IPO News Today Live Updates: Hyundai IPO: From higher royalty to pre-IPO dividend, Deepak Shenoy highlights 'real' concerns

  • Hyundai IPO is a complete Offer for Sale (OFS), and the proceeds of the sale will go to the selling shareholders, rather than to the company. This structure allows existing shareholders to exit, a practice some criticize.
Read the full story here

16 Oct 2024, 02:58:53 PM IST

Stock Markets Today Live Updates: Multibagger stock Time Technoplast hits fresh record high, rallies 1,100% in 4 years; is it still a ‘buy’?

  • Time Technoplast's stock has surged 1,100% from ₹36.70 to ₹438 in four years. Systematix Institutional Equities projects continued growth for the stock. It has a target price of ₹615, reflecting a 40% upside potential.
Read the full story here

16 Oct 2024, 02:47:25 PM IST

Stock Markets Today Live Updates: RailTel share price jumps 10% on winning ₹79 crore order from MHADA

  • Investors have responded positively to RailTel’s consistent flow of orders this year, contributing to a 31% increase in the company’s share value year-to-date. The stock concluded CY23 with an impressive gain of 168%.
Read the full story here

16 Oct 2024, 02:35:54 PM IST

Stock Markets Today Live Updates: Shriram Finance: Solid business, value unlocked. What’s next?

  • After unlocking value with a strategic reset, Shriram Finance faces new challenges—can it sustain the momentum?
Read the full story here

16 Oct 2024, 02:19:14 PM IST

Stock Markets Today Live Updates: Value Stocks says majority of PSU stocks fairly or undervalued, shares top investment themes for long term

  • A recent study by Value Stocks indicates that while some Public Sector Undertakings (PSUs) are overvalued, many remain undervalued. Key sectors like defence, railways, and shipbuilding show significant growth potential after price corrections, making them attractive for long-term investment.
Read the full story here

16 Oct 2024, 01:55:47 PM IST

Stock Market News Today Live Updates: These five bank stocks appear ready for a bull run

  • The Nifty Bank Index has delivered less than half the returns of the Nifty 50 so far this year, but beneath the surface, the fundamentals of these five banks remain strong and the sector is far from stagnant.
Read the full story here

16 Oct 2024, 01:24:55 PM IST

Stock Markets Today Live Updates: This multibagger smallcap jewellery stock hits 5% upper circuit for 3rd straight session. Do you own it?

  • PC Jeweller's shares hit the 5% upper circuit on October 16 after converting 4.35 lakh warrants into equity shares. The company aims to enhance accessibility through a potential stock split while also resolving debts via a One Time Settlement with banks.
Read the full story here

16 Oct 2024, 01:22:17 PM IST

Mark To Market Today Live Updates: PVR Inox re-release bet pays off in Q2, more in the pipeline

  • Inspired by the success of re-releases like Tumbbad, PVR Inox plans to double down on re-releases of popular old films during periods of weak new releases
Read the full story here

16 Oct 2024, 01:20:53 PM IST

Stock Markets Today Live Updates: Diwali 2024 Stock Picks: Top 10 stocks to buy for Samvat 2081 by HDFC Securities

  • Diwali 2024 Stock Picks: HDFC Securities reports a 28% rise in Nifty 50 since last Diwali, predicting moderate returns and volatility ahead. They recommend 10 stocks, including Bank of India and Reliance Industries, as promising investment opportunities for the upcoming year.
Read the full story here

16 Oct 2024, 01:17:29 PM IST

Stock Markets Today Live Updates: Small-cap SME stock hits the upper circuit after Q2FY25 results; do you own it?

  • Small-cap SME stock: Cellecor Gadget's share price surged 5% to ₹71.80 during intraday trading on October 16, following robust quarterly earnings.
Read the full story here

16 Oct 2024, 12:37:33 PM IST

IPO News Today Live Updates: Lakshya Powertech IPO Day 1: GMP, subscription status, price band, other details of NSE SME IPO

  • Lakshya Powertech IPO opened on October 16, aiming to raise ₹49.91 crore with strong demand, oversubscribed nearly 20 times within hours.
Read the full story here

16 Oct 2024, 12:31:20 PM IST

Stock Markets Today Live Updates: BSE shares tumble 7% after Jefferies downgrades rating to ‘underperform’ on expensive valuations

  • BSE shares dropped 7% to ₹4,419 after Jefferies downgraded its rating to 'underperform.' The brokerage raised the target price to ₹3,500 but highlighted significant regulatory risks that could hinder growth prospects for the exchange.
Read the full story here

16 Oct 2024, 12:21:16 PM IST

Stock Markets Today Live Updates: Small-cap stock below ₹100: Multibagger stock jumps after this latest corporate update

  • Small-cap stock below ₹100: MIC Electronics share is a small-cap multibagger stock that has given more than 184% returns year-to-date (YTD). The stock has rallied over 148% in the past one year.
Read the full story here

16 Oct 2024, 12:18:03 PM IST

Stock Market News Today Live Updates: The smart money is dumb money

  • The goal is always going to be optimising your asset allocation to your personality and your needs, and not mindlessly aiming to maximise returns at any cost.
Read the full story here

16 Oct 2024, 12:16:39 PM IST

Stock Markets Today Live Updates: Small-cap stock below ₹10: This penny stock climbs another 6% after 135% rally in a year; here's why

  • Multi-bagger penny stock 2024: Scanpoint Geomatics has been on a remarkable run, with its share price soaring by over 135% in the past year.
Read the full story here

16 Oct 2024, 11:48:59 AM IST

Stock Markets Today Live Updates: Real estate stocks regain momentum; Oberoi Realty and 6 others jump up to 16% in 6 sessions

  • The real estate sector has seen a resurgence following the RBI's policy change, leading to a 6% increase in the Nifty Realty index. Strong quarterly performances and rising demand, especially for luxury homes, have significantly driven major real estate firms' sales growth.
Read the full story here

16 Oct 2024, 11:28:07 AM IST

Stock Market News Today Live Updates: Kross Share Price Today on : Kross share are up by 1.09%, Nifty down by -0.17%

  • Kross Share Price Today on 16-10-2024: On the last trading day, Kross opened at ₹192.05 and closed at ₹195.20. The stock reached a high of ₹198.95 and a low of ₹192.05, indicating some volatility during the day.
Read the full story here

16 Oct 2024, 11:26:06 AM IST

Stock Market News Today Live Updates: Bharti Airtel Share Price Today on : Bharti Airtel share are up by 0.2%, Nifty down by -0.18%

  • Bharti Airtel Share Price Today on 16-10-2024: On the last trading day, Bharti Airtel opened at ₹1724.95 and closed at ₹1721.35. The stock reached a high of ₹1731 and a low of ₹1717.25 during the day.
Read the full story here

16 Oct 2024, 11:26:04 AM IST

Stock Market News Today Live Updates: Tata Steel Share Price Today on : Tata Steel share are down by -0.45%, Nifty down by -0.18%

  • Tata Steel Share Price Today on 16-10-2024: On the last trading day, Tata Steel opened at ₹155.75 and closed at ₹154.95. The stock reached a high of ₹156.6 and a low of ₹154.8 during the day.
Read the full story here

16 Oct 2024, 11:26:01 AM IST

Stock Market News Today Live Updates: Adani Green Energy Share Price Today on : Adani Green Energy share are down by -0.51%, Nifty down by -0.19%

  • Adani Green Energy Share Price Today on 16-10-2024: On the last trading day, Adani Green Energy opened at ₹1762.9 and closed at ₹1753.85. The stock reached a high of ₹1772.45 and a low of ₹1751.3 during the session.
Read the full story here

16 Oct 2024, 11:25:59 AM IST

Stock Market News Today Live Updates: Baazar Style Share Price Today on : Baazar Style share are up by 0.18%, Nifty down by -0.19%

  • Baazar Style Share Price Today on 16-10-2024: On the last trading day, Baazar Style opened at ₹365.95 and closed at ₹361.8. The stock reached a high of ₹365.95 and a low of ₹360.5 during the day.
Read the full story here

16 Oct 2024, 11:25:57 AM IST

Stock Market News Today Live Updates: KPIT Technologies Share Price Today on : KPIT Technologies share are down by -0.69%, Nifty down by -0.19%

  • KPIT Technologies Share Price Today on 16-10-2024: On the last trading day, KPIT Technologies opened at ₹1780.05 and closed at ₹1776.85. The stock reached a high of ₹1814.45 and a low of ₹1775.95 during the day.
Read the full story here

16 Oct 2024, 11:23:54 AM IST

Stock Market News Today Live Updates: Power Grid Share Price Today on : Power Grid share are up by 0.24%, Nifty down by -0.17%

  • Power Grid Share Price Today on 16-10-2024: On the last trading day, Power Grid opened at ₹332.95 and closed at ₹330.45. The stock reached a high of ₹332.95 and a low of ₹330.25 during the day.
Read the full story here

16 Oct 2024, 11:23:52 AM IST

Stock Market News Today Live Updates: SJVN Share Price Today on : SJVN share are down by -0.29%, Nifty down by -0.17%

  • SJVN Share Price Today on 16-10-2024: On the last trading day, SJVN opened at ₹121.25 and closed at ₹120.95. The stock reached a high of ₹122.25 and a low of ₹120.20 during the day.
Read the full story here

16 Oct 2024, 11:23:51 AM IST

Stock Market News Today Live Updates: Infosys Share Price Today on : Infosys share are down by -0.89%, Nifty down by -0.17%

  • Infosys Share Price Today on 16-10-2024: On the last trading day, Infosys opened at ₹1958.95 and closed at ₹1941.75. The stock reached a high of ₹1960.10 and a low of ₹1939.55 during the day.
Read the full story here

16 Oct 2024, 11:23:48 AM IST

Stock Market News Today Live Updates: Garuda Construction And Engineer Share Price Today on : Garuda Construction And Engineer share are down by -0.54%, Nifty down by -0.17%

  • Garuda Construction And Engineer Share Price Today on 16-10-2024: On the last trading day for Garuda Construction and Engineer, the stock opened at ₹104.75 and closed at ₹106.25. The highest price reached during the day was ₹109.4, while the lowest price recorded was ₹102.21.
Read the full story here

16 Oct 2024, 11:21:47 AM IST

Stock Market News Today Live Updates: PNB Share Price Today on : PNB share are down by -0.1%, Nifty down by -0.14%

  • PNB Share Price Today on 16-10-2024: On the last trading day, PNB's stock opened and closed at ₹104.85. The highest price during the day was ₹105.3, while the lowest price reached ₹104.5.
Read the full story here

16 Oct 2024, 11:21:45 AM IST

Stock Market News Today Live Updates: Havells India Share Price Today on : Havells India share are down by -0.63%, Nifty down by -0.14%

  • Havells India Share Price Today on 16-10-2024: On the last trading day, Havells India's stock opened at ₹1930.3 and closed at ₹1922.45. The stock reached a high of ₹1966.25 and a low of ₹1920.3 during the day.
Read the full story here

16 Oct 2024, 11:21:42 AM IST

Stock Market News Today Live Updates: Ecos India Mobility Share Price Today on : Ecos India Mobility share are down by -1.88%, Nifty down by -0.14%

  • Ecos India Mobility Share Price Today on 16-10-2024: On the last trading day, Ecos India Mobility opened at ₹455.85 and closed at ₹451.05. The stock reached a high of ₹458.95 and a low of ₹451.05 during the session.
Read the full story here

16 Oct 2024, 11:21:40 AM IST

Stock Market News Today Live Updates: Reliance Industries Share Price Today on : Reliance Industries share are up by 0.02%, Nifty down by -0.14%

  • Reliance Industries Share Price Today on 16-10-2024: On the last trading day, Reliance Industries opened at ₹2687.9 and closed slightly higher at ₹2688.4. The stock reached a high of ₹2706.35 and a low of ₹2676 during the day.
Read the full story here

16 Oct 2024, 11:19:38 AM IST

Stock Market News Today Live Updates: Angel One Share Price Today on : Angel One share are up by 1.91%, Nifty down by -0.14%

  • Angel One Share Price Today on 16-10-2024: On the last trading day, Angel One opened at ₹3173.95 and closed at ₹3283.40. The stock reached a high of ₹3394 and a low of ₹3095.05 during the day.
Read the full story here

16 Oct 2024, 11:19:36 AM IST

Stock Market News Today Live Updates: Yes Bank Share Price Today on : Yes Bank share are down by -0.28%, Nifty down by -0.14%

  • Yes Bank Share Price Today on 16-10-2024: On the last trading day, Yes Bank opened at ₹21.20 and closed slightly lower at ₹21.15. The stock reached a high of ₹21.35 and a low of ₹21.13 during the day.
Read the full story here

16 Oct 2024, 11:19:34 AM IST

Stock Market News Today Live Updates: Adani Wilmar Share Price Today on : Adani Wilmar share are down by -0.43%, Nifty down by -0.13%

  • Adani Wilmar Share Price Today on 16-10-2024: On the last trading day, Adani Wilmar opened at ₹335.1 and closed at ₹334.55. The stock reached a high of ₹337 and a low of ₹334.3 during the day.
Read the full story here

16 Oct 2024, 11:17:31 AM IST

Stock Market News Today Live Updates: Bharat Electronics Share Price Today on : Bharat Electronics share are down by -0.85%, Nifty down by -0.09%

  • Bharat Electronics Share Price Today on 16-10-2024: On the last trading day, Bharat Electronics opened at ₹288.65 and closed at ₹286.35. The stock reached a high of ₹291 and a low of ₹286.25 during the day.
Read the full story here

16 Oct 2024, 11:17:29 AM IST

Stock Market News Today Live Updates: Tolins Tyres Share Price Today on : Tolins Tyres share are up by 1.06%, Nifty down by -0.09%

  • Tolins Tyres Share Price Today on 16-10-2024: On the last trading day, Tolins Tyres opened at ₹182.1 and closed at ₹185.5. The stock reached a high of ₹186.75 and a low of ₹182.05 during the day.
Read the full story here

16 Oct 2024, 11:17:28 AM IST

Stock Market News Today Live Updates: Tata Motors Share Price Today on : Tata Motors share are down by -1.36%, Nifty down by -0.09%

  • Tata Motors Share Price Today on 16-10-2024: On the last trading day, Tata Motors opened at ₹918 and closed at ₹905. The stock reached a high of ₹923.25 and a low of ₹904.20 during the day.
Read the full story here

16 Oct 2024, 11:17:26 AM IST

Stock Market News Today Live Updates: Polycab India Share Price Today on : Polycab India share are down by -2.26%, Nifty down by -0.08%

  • Polycab India Share Price Today on 16-10-2024: On the last trading day, Polycab India opened at ₹7450.05 and closed at ₹7320.45. The stock reached a high of ₹7500.20 and a low of ₹7264.40 during the day. Overall, the stock experienced a decline from its opening price.
Read the full story here

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