Stock Market Highlights: Sensex sheds 67pts, Nifty settles at 23,727; Smallcap shares shine

Markets Today Highlights: After scaling the day's high of 78,877.36, the 30-share Sensex took a retreat and settled at 78,472.87, down 67.30 points or 0.09 per cent from its previous close

4:03 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty remained mostly rangebound throughout the day before closing flat. On the daily chart, the index closed below the 200-DMA for the first time in three days, confirming a short-term bearish trend. The RSI is in a bearish crossover and continues to decline, reinforcing the negative outlook. On the downside, support is placed at the 23,500-23,400 zone, while resistance is seen at 23,860.

View by Rupak De, Senior Technical Analyst, LKP Securities.

4:02 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The domestic market concluded flat ahead of the holiday, with metal and power stocks dragging performance while FMCG and auto sectors gained from recent corrections. The near-term market trajectory hinges on the outcome of Q3 results and the Union budget, but caution prevails due to a strong dollar, high bond yields, and concerns over rate cuts. The INR hitting an all-time low, further evoked the caution.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:39 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap and Smallcap closed in green.

 

3:38 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: Tata Motors, Adani Enterprises, Eicher Motor were among the top winners on Nifty50

 

3:36 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: Tata Motors, ITC, Nestle Indian were among the top gainers on Sensex. Here is a heatmap 

 

 

3:35 PM

Stock Market LIVE Updates: Nifty settles 25.8 pts lower at 23,727.65

Stock Market LIVE Updates: NSE Nifty closed 25.8 points or 0.11 per cent lower at 23,727.65.

 

3:33 PM

Stock Market LIVE Updates: Sensex closes 67.3 pts lower at 78,472.87

Stock Market LIVE Updates: BSE Sensex closed 67.3 points or 0.09 per cent lower at 78,472.87

 

3:28 PM

Stock Market LIVE Updates: Mobikwik zooms 35% from Monday's low on heavy volumes post stellar debut

Stock Market LIVE Updates: Shares of One Mobikwik Systems (Mobikwik) moved higher to its new high of Rs 630, as they rallied 19 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade amid heavy volumes in otherwise a subdued market. The stock of the fintech company has zoomed 35 per cent from its Monday’s low of Rs 467.35 on the NSE. READ MORE 

3:23 PM

Stock Market LIVE Updates: Oyo completes US-based G6 Hospitality acquisition for $525 million

Stock Market LIVE Updates: SoftBank-backed Oyo has acquired G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. READ MORE 

3:19 PM

Stock Market LIVE Updates: Mutual fund industry on a high, asset surges Rs 17 trillion in 2024

Stock Market LIVE Updates: After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025. READ MORE 

3:13 PM

Stock Market LIVE Updates: Indigo leads Indian aviation with record 10 million passengers in November

Stock Market LIVE Updates: The Directorate General of Civil Aviation (DGCA), India’s aviation regulator said that November 2024 witnessed the highest-ever traffic in the history of Indian domestic aviation. READ MORE

3:07 PM

Stock Market LIVE Updates: EV player Greaves Electric Mobility files DRHP with Sebi

Stock Market LIVE Updates: Electric vehicle maker and Greaves Cotton's material subsidiary, Greaves Electric Mobility, is planning to go public. The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its Initial Public Offering (IPO). This comes almost three months after leading EV player Ola Electric Mobility went public in August this year. READ MORE

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade muted

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading on a muted note on Tuesday.

At 3 PM, the BSE Sensex was lower by 42.71 points, or 0.05 per cent, at 78,497.46, while the Nifty50 was at 23,739, behind by 14.45 points, or 0.06 per cent.

 

2:50 PM

Stock Market LIVE Updates: HFCL share price rises 5% off lows on foray into defence manufacturing biz

Stock Market LIVE Updates: HFCL share price climbed up to 3.2 per cent on the BSE, to hit an intraday high of Rs 116.65 per share, on Tuesday, December 24. The rise in HFCL shares came after the company announced that it has inaugurated an advanced defence equipment manufacturing facility in Hosur, Tamil Nadu.

In a stock exchange filing on Tuesday, HFCL said the new facility is dedicated to producing cutting-edge defence technologies, including HFCL’s indigenously developed Thermal Weapon Sights, Electronic Fuzes, High-Capacity Radio Relay (HCRR) system, and Surveillance Radars. READ MORE

 

2:41 PM

Stock Market LIVE Updates: Senores, Ventive, Carraro IPOs to close: Check subscription status, GMP

Stock Market LIVE Updates: Three mainline initial public offerings (IPOs) of Carraro India, Senores Pharmaceuticals, and Ventive Hospitality will close for subscription today, December 24, 2024. While Senores Pharmaceuticals IPO and Ventile Hospitality IPO received an overwhelming response and were oversubscribed around 12:40 PM, Carraro India IPO received a tepid response.

 

As per the National Stock Exchange (NSE), Senores Pharmaceuticals IPO was oversubscribed 27.97 times with a total bid of 23,86,97,874 shares against its issue of 85,34,681 shares. READ MORE

 

2:38 PM

Stock Market LIVE Updates: Newgen Software Technologies' Saudi Arabia unit bags purchase order worth $2.27 m

Stock Market LIVE Updates: Newgen Software Technologies today informed that its Saudi Arabia-based subsidiary has bagged a purchase order worth $2.27 million. 

The company, in an exchange filing, said, "We hereby inform you that Newgen Software Technologies Company Limited, the wholly owned subsidiary incorporated in Saudi Arabia has received and accepted the Purchase Order. The aggregate value of the aforesaid purchase order is USD 2,266,667.00".

 

2:32 PM

Stock Market LIVE Updates: Apollo Micro Systems bags Rs 6.14 crore from DRDO

Stock Market LIVE Updates: Apollo Micro Systems today informed that it has received an order worth Rs 6.14 crore from the Defence Research and Development Organisation (DRDO).

The company, in an exchange filing, said, "We are pleased to inform you that the Company has received an order worth Rs 6.14 crores from Defence Research and Development Organisation (DRDO)."

 

2:27 PM

Stock Market LIVE Updates: Mutual fund industry on a high, asset surges Rs 17 trillion in 2024

Stock Market LIVE Updates: After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025. READ MORE

 

2:20 PM

Stock Market LIVE Updates: This recently listed stock surged 10% today; zoomed 107% over issue price

Stock Market LIVE Updates: Interarch Building Products shares rallied 10 per cent to touch Rs 1,860 on the BSE in Tuesday’s intra-day trade amid heavy volumes on a healthy business outlook. In two days, the stock of the civil construction company has gained 13 per cent. 

 

Interarch, a leading player in the Pre-Engineered Building (PEB) Industry, hit its highest level since market debut on August 26, 2024. The market price of the company has more than doubled, or zoomed 107 per cent against its issue price of Rs 900 per share, since listing on the bourses. READ MORE

 

2:08 PM

Stock Market LIVE Updates: Akums Drugs signs agreement with leading Euro Co; share price gains 5%

Stock Market LIVE Updates: Akum Drugs and Pharmaceuticals share price gained 4.6 per cent on the BSE in intraday trade. The stock hit a high of Rs 625.55 per share on the stock exchange on Tuesday. Akums share price, however, pared gains later to trade in the red. At 1:00 PM, Akums shares were down 2.5 per cent to Rs 583.7 per share as against 0.16 per cent rise in the benchmark BSE Sensex index. READ MORE

2:06 PM

Stock Market LIVE Updates: Gulf Oil shares jump 5% after company partners with Nyara Energy; Details

Stock Market LIVE Updates: Gulf Oil Lubricants India shares gained 5.1 per cent in Tuesday's trade, logging an intraday high at Rs 1,230.05 per share on BSE. The stock gained after the company partnered with  Nyara Energy to bring Premium Automotive Lubricants and Adblue to more than 6,500 fuel stations nationwide. READ MORE

 

2:02 PM

Stock Market LIVE Updates: Biocon share price jumps 5% on DCP nod for diabetes drug in European Union

Stock Market LIVE Updates: Pharmaceutical giant Biocon shares jumped up to 4.64 per cent to hit an intraday high of Rs 344.85 per share on Tuesday, December 24, 2024. The rise in Biocon share price came after it announced that the company and its European partner, Zentiva, have received a Decentralized Procedure (DCP) approval for its complex formulation, Liraglutide, in the European Union (EU). READ MORE

1:56 PM

Stock Market LIVE Updates: Spandana Sphoorty nears record low; tanks 73% in CY24 on growth concerns

Stock Market LIVE Updates: Spandana Sphoorty Financial (SSFL) shares hit a multi-year low of Rs 309, declining 3 per cent on the BSE in Tuesday’s intra-day trade on negative outlook due to a deterioration in the company's asset quality and profitability in H1FY2025 and the expected weak overall performance expected in the near-term. The stock of the microfinance institutions (MFI) is trading close to its all-time low of Rs 288.75 that it touched on June 20, 2022. READ MORE

 

1:48 PM

Stock Market LIVE Updates: Bharat Forge up 2% on infusing $64.5 mn in America unit for debt repayment

Stock Market LIVE Updates: Forging company Bharat Forge shares rose up to 2.47 per cent to hit an intraday high of Rs 1,330.70 per share on Tuesday, December 24, 2024.

The uptick in Bharat Forge share price came after the company announced that it will infuse funds of $64.50 million in its America unit, Bharat Forge America. READ MORE

 

 

1:37 PM

Stock Market LIVE Updates: Amber Enterprises zooms 9%, hits 52-week high on reports of de-merger plans

Stock Market LIVE Updates: Shares of Amber Enterprises gained up to 8.57 per cent to hit a new 52-week high at Rs 7,482 a piece on the BSE in Tuesday’s intraday trade. Amber Enterprises share price moved up after reports emerged on its plans to demerge its Electronics division.

According to a report by CNBC TV 18, apart from the de-merger plans, Amber Enterprises is also preparing to launch an IPO for its electronics division once the demerger process concludes. 
 

Reportedly bankers for the demerger and subsequent IPO have already been appointed. Business Standard could not verify the news report individually. READ MORE

 

1:28 PM

Stock Market LIVE Updates: Unimech Aerospace IPO Day 2: Subscription surges 6x, GMP zooms 65%

Stock Market LIVE Updates: The unlisted shares of Unimech Aerospace continued to command a solid premium in the grey markets as their initial public offering (IPO) entered the second day of subscription. The Rs 500 crore public offering is available at a price band of Rs 745-785 per share, with a lot size of 19 shares. Sources tracking unofficial markets revealed that the unlisted shares of Unimech Aerospace were trading at Rs 1,295 apiece, reflecting a grey market premium (GMP) of Rs 510 or 64.97 per cent against the upper end of the IPO price of Rs 785. READ MORE

 

 

1:22 PM

Stock Market LIVE Updates: Allcargo Gati up 3% on board's nod for selling fuel station for Rs 3 cr

Stock Market LIVE Updates: Allcargo Gati shares gained 3.3 per cent in Tuesday's trade, logging an intraday high at Rs 92.28 per share on BSE. The buying in the stock came after the company's board approved the sale of a fuel station located at Belagavi, Karnataka.

Around 11:17 AM, Allcargo Gati Ltd share price was up 1.25 per cent at Rs 90.40 per share on BSE. In comparison, the BSE Sensex was up 0.33 per cent at 78,800.57. READ MORE

 

 

1:11 PM

Stock Market LIVE Updates: Mankind Pharma dips 5% on profit booking after listing of QIP shares

Stock Market LIVE Updates: Mankind Pharma shares dipped 5 per cent to Rs 2,846.70 on the BSE in Tuesday’s intra-day trade as investors booked profit after the company's 11.9 million equity shares listed on the exchanges after being allotted to qualified institutional buyers (QIBs). 

 

In the past four days, the stock of the pharmaceutical company has rallied 13 per cent. It had hit a record high of Rs 3,050 on Monday, December 23. At 10:43 AM, Mankind Pharma share price was trading 4.5 per cent lower at Rs 2,867.55, as compared to the 0.28 per cent rise in the BSE Sensex. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty give up some gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, amid firm global cues.

At 1 PM, the BSE Sensex was higher by 121.87 points, or 0.16 per cent, at 78,662.04, while the Nifty50 was at 23,790.15, higher by 36.70 points, or 0.15 per cent.

 

12:45 PM

Stock Market LIVE Updates: Sagility hits all-time high in trade; JP Morgan 'Overweight' on stock

Stock Market LIVE Updates: Sagility India shares hit 5 per cent upper circuit in Tuesday's trade and clocked an all time high at Rs 48.91 per share on BSE amid heavy volumes. On NSE, 20.779 million shares changed hands, while on BSE, 1.604 million shares were traded.

Around 10:40 AM, Sagility share price was up 4.98 per cent at Rs 48.91 per share on BSE. In comparison, the BSE Sensex was up 0.39 per cent at 78,842.78. READ MORE