Stock Market LIVE Updates: Sensex down 255 pts, Nifty at 25,100; Trent, SBI, Asian Paints top losers

Sensex Today | Morgan Stanley keeps ‘underweight’ rating on SBI Cards, target price at Rs 710
#1 Spending market share rose 50 bps MoM to 17.3 percent in August
#2 Market share in credit cards in force (stock) was flat MoM at 19 percent in August
#3 Spending in August 2025 rose 1.6 percent MoM for company versus a 1.4 percent decline for the industry
#4 YoY spending grew 25 percent, well ahead of the industry’s 14 percent rise
#5 May benefit from a pickup in corporate spending, which had dropped last year due to regulations
#6 Industry daily spending is up 17 percent YoY in Sept versus 1.6 percent in August & 2.7 percent in July
#7 Cards in force grew around 10 percent YoY, ahead of the industry’s 6 percent growth
SBI Cards & Payment Services was quoting at Rs 877.25, up Rs 7.15, or 0.82 percent.
It has touched an intraday high of Rs 888.35 and an intraday low of Rs 871.00.
It was trading with volumes of 17,198 shares, compared to its five day average of 132,322 shares, a decrease of -87.00 percent.
In the previous trading session, the share closed up 0.09 percent or Rs 0.80 at Rs 870.10.
The share touched a 52-week high of Rs 1,023.05 and a 52-week low of Rs 660.00 on 10 June, 2025 and 29 October, 2024, respectively.
Currently, the stock is trading 14.25 percent below its 52-week high and 32.92 percent above its 52-week low.
Market capitalisation stands at Rs 83,474.23 crore.