Latest Market News Today: Live Updates on Stock Markets, IPOs, and More – October 11, 2024

Stock Markets Today Live Updates: Dussehra pick: Sumeet Bagadia recommends State Bank of India (SBIN) with 11% upside

On the occasion of Dussehra, Sumeet Bagadia, Executive Director at Choice Broking, has recommended buying State Bank of India (SBIN) with an upside potential of 11%. This recommendation comes as a festive treat for investors looking to capitalize on the market opportunities.

The stock market today saw a mix of movements, with various sectors experiencing gains and losses. The Dow Jones rose by 0.13%, while the S&P 500 fell by 0.09% and the Nasdaq dropped by 0.35%. In India, the total number of demat accounts reached 175 million in September 2024, marking an increase of 4.4 million accounts added during the month.

Additionally, Sudarshan Chemical Industries’ shares surged by 20% to a 52-week high after announcing the acquisition of Heubach Group’s global pigment business for €127.5 million. This all-cash deal is expected to close in 3-4 months, pending regulatory and shareholder approvals.

Furthermore, Bondada Engineering’s shares gained 5% after winning two EPC contracts worth ₹1,132.25 crore for solar PV plants. The company has seen a remarkable 1,380.33% stock price increase in the last year, with a current market cap of ₹6,588.63 crore.

Overall, the market today showcased a mix of opportunities and challenges, with experts providing insights and recommendations for investors to navigate the dynamic landscape of the stock market. Stay tuned for more updates on the latest market trends and developments.