Sensex falls 169 pts, Nifty holds 21,400 as indices pause rally; banks weak

Closing Bell on Monday December 18: In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory

3:56 PM

COMMENT:: Markets likely to consolidate in the near term

"The market started on a subdued note as concerns over oil supply disruptions through the Red Sea and elevated valuations dented investor sentiment. On the global front, attention will be directed towards BoJ monetary policy and UK inflation data. We expect a near-term consolidation in the market due to an unfavourable risk reward after the recent rapid performance, concerns over El Nino, and a slowdown in world GDP."

 

- Vinod Nair, Head of Research at Geojit Financial Services

3:52 PM

Market breadth was positive; 2,170 stocks advanced v/s 1,717 declining shares on the BSE

3:51 PM

BSE Smallcap Heatmap:: SpiceJet zooms almost 20%; Geojit, RIIL, KellonTech other top movers

3:49 PM

BSE Midcap Heatmap:: IRCTC zooms 13%; Union Bank drops 4%

3:47 PM

Sectoral Check:: Realty index slips 1% on profit-taking; Godrej Properties sheds 3%

3:45 PM

Broader Market Check:: SmallCaps outperform; India Vis rises 6%

3:43 PM

Nifty 50 Losers:: Power Grid slips over 2%; ITC, Tech Mahindra, ICICI Bank dip 1%

3:41 PM

Nifty 50 Gainers:: Bajaj Auto rallies 3%; Hindalco, Sun Pharma gain 1.5%

3:39 PM

Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers

3:38 PM

CLOSING BELL:: NSE Nifty50 settles with a loss of 38 pts at 21,419

3:36 PM

CLOSING BELL:: S&P BSE Sensex ends 169 pts lower at 71,315

3:25 PM

Global check:: US stock futures marginally up

Source: Investing.com

3:16 PM

Sugar output down 11% at 7.4 mn tonne during Oct 1-Dec 15 of 2023-24

Indian mills produced 7.4 million metric tons of sugar between Oct. 1 and Dec. 15, a 10.7% fall from the previous year, as many mills in Maharashtra and Karnataka started operations nearly a fortnight late this year, a leading trade body said on Monday.  READ MORE

3:05 PM

ALERT:: Aurionpro Solutions inks pact for innovative in-bus solutuons; stock hits 5% upper limit

Aurionpro Transit, an Aurionpro company, a provider of smart ticketing and payment solutions for transit, announced its partnership with Vix Technology.

 

As part of this collaboration, Aurionpro Transit will design and develop state-of-the-art All-in-One Driver Console (DC120) and Mobile Data Terminal (MDT10), innovative in-bus solutions which will streamline transit operations by providing a central on-vehicle hub for various functions from ticketing to communications., the company said in an exchange filing.

 

2:51 PM

ALERT:: Fedbank Financial Q2 net rises 25%; stock down 1%

Recently listed Fedbank Financial Services today reported a 25.1 per cent growth in Q2 net profit at Rs 57.76 crore for the quarter ended September 2023 when compared with Rs 46.16 crore in the year ago period. Total income rose by 35.8 per cent YoY to Rs 397.95 crore from Rs 293.09 crore.

2:38 PM

TCS modernises post-trade market infrastructure for Switzerland's SIX

Information technology company Tata Consultancy Services (TCS) said it has "modernised" SIX, which operates infrastructure for Swiss and Spanish financial markets. READ MORE

2:24 PM

Kellton Tech zooms 16%, hits 52-week high on inking pack with LIC

Shares of Kellton Tech Solutions zoomed 16.16 per cent to Rs 108.5 per share, also their 52-week high, on the BSE in Monday's intraday trade after the company won a "mega" order from Life Insurance Corporation (LIC). READ MORE

2:10 PM

Siemens hits new summit, soars nearly 9% on plans to spin-off energy biz

Siemens board has authorized the management to commence exploratory steps as may be required to examine a potential demerger of the energy business. READ MORE
 

1:56 PM

Edelweiss Financial to sell stake in unit for up to Rs 2,000 cr; stock down 1%

Edelweiss Financial Services on Monday said it has started the process of selling equity in its alternative asset management unit and plans to raise about Rs 1,500 crore to Rs 2,000 crore ($180.69 million-$240.93 million) by a divesting 10%-20% stake. READ MORE

1:33 PM

Telecom Bill drops OTT reference, to be introduced in Parliament today

A new draft of the telecom Bill – expected to be introduced before Parliament on Monday – doesn’t mention over the top (OTT) services in its definition of telecom services and clears the way for satellite spectrum to be allocated by the government. READ MORE

1:19 PM

Muthoot Microfin IPO: Issue size, GMP, financials, should you apply?

Muthoot Microfin IPO: Shares of the company are trading at a premium of Rs 90 in the unlisted market, translating into a listing premium of 31 per cent. READ MORE

1:06 PM

ALERT:: Siemens to consider demerger of Energy biz into separate unit; stock up 2%

Siemens in an exchange filing said, that certain promoters of the company, namely Siemens Aktiengesellschaft, Germany, Siemens International Holding B.V. and Siemens Energy Holding B.V., and also Siemens Energy Aktiengesellschaft, which is the ultimate parent company of Siemens Energy Holding B.V., have each requested the board to consider, evaluate and thereafter start taking exploratory steps towards a potential demerger of the company's energy business into a separate entity.

12:52 PM

Asian Market Update:: Major indices decline over 0.5%

Source: Yahoo Finance

12:36 PM

Sovereign gold bond 2023-24 tranche III opens today: Worthy investment?

RBI on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram. READ MORE

12:22 PM

HFCL hits 52-week high, zooms over 10% on heavy volumes

In an exchange filing on Friday, HFCL said the company through its 90 per cent owned subsidiary, Raddef Private Limited, a R&D enterprise specialising in cutting edge radars and RF solutions, has designed a range of Surveillance Radars catered to meet diverse operational needs. READ MORE

12:03 PM

Infosys, TCS, Wipro: Do IT stocks have more steam left? What charts say

Unlike the benchmark Nifty 50, the Nifty IT index is still over 9 per cent shy from its summit. Among the frontline stocks, Infosys, TCS and Wipro look fairly placed on the charts. READ MORE

11:52 AM

Govt considering termination of FAME subsidy for electric two-wheelers

The government has reduced subsidies for electric vehicles, and this has resulted in a decline in the sales of electric two-wheelers. However, the sales appear to be stabilising now. This has resulted in government officials arguing that the transition to clean-fuel vehicles will happen naturally now. This will partly happen due to the high running cost of fossil-fuel vehicles, reports said. READ MORE

11:32 AM

IPO Alert :: India Inox issue subcribed 10x so far on final day led by NIIs

11:19 AM

ALERT :: Kellton Tech wins order from LIC

>>  Kellton has secured a multi-year project from Life Insurance Corporation of India (LIC)

>> Kellton is set to transform the HRMS landscape, leveraging the cuttingedge capabilities of PeopleStrong's product.

Check here

11:03 AM

ALERT :: IRB Infra Developers's associate company wins LoA from NHAI; stock up 5%