Market Close Highlights: Sensex ends flat at 81,526; Nifty at 24,641; Banks dip, FMCG, Auto gain

Market Close: Sectoral indices largely finished in the green, with Banks and Media being notable exceptions. Top performers among sectoral indices included Nifty Auto, FMCG, IT and Consumer Durables

4:00 PM

Stock Market Highlights LIVE Updates: A decisive move above 24,750 shall suggest next up move for Nifty50

Nifty opened on a positive note and continued to trade within a narrow range to close in the green up 32 points. on the daily charts we can observe that the Nifty has been stuck in a narrow range 24500 – 24800 since the past four trading sessions. We expect this rangebound action to continue. A decisive move above 24750 shall suggest that the next leg of upmove has resumed.

On the downside, 24500 is the crucial support level and a stoploss for the long positions. As far as derivative data is concerned, 24500 PE and 24600 PE added decent OI suggesting a strong support base. The highest Built up on the call side is placed at 24700 followed by 25000. The Nifty Weekly PCR stands at 0.71, which is unchanged from the previous session and is suggesting a slightly bearish sentiment. However, the price action suggests a rangebound price movement.

(View by: Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan)

3:51 PM

Stock Market Highlights LIVE Updates: US CPI inflation data could influence the Fed policy

The Indian market exhibited subtle movements, reflecting mixed sentiments prevailing in global markets ahead of the US CPI inflation data release, which could influence the FED policy.

The US dollar strengthened, while bond yields saw a marginal uptick. Defensive sectors, including FMCG and pharmaceuticals, experienced an uptick. Additionally, the metals sector saw gains driven by optimism surrounding potential stimulus measures from China.

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

 

3:48 PM

Stock Market Highlights LIVE Updates: Trent, Bajaj Fin, Britannia rise on NSE

Trent, Bajaj Finance, and Britannia were among the top gainers on NSE.

3:42 PM

Stock Market Highlights LIVE Updates: Broader indices end in green

The BSE SmallCap index closed 0.25 per cent higher, while the BSE MidCap index ended 0.35 per cent higher.

3:39 PM

Stock Market LIVE Updates: Cons Dur, FMCG, Auto indices end higher

Stock Market LIVE Updates: Consumer Durables ends 0.57 per cent higher, followed by FMCG index, up 0.42 per cent; and the Auto index, ahead by the Auto index, up 0.36 per cent, as new RBI Gov Sanjay Malhotra addressed the media for the first time.

3:39 PM

Stock Market Highlights LIVE Updates: 18 out of 30 stocks end in red on Sensex

JSW Steel, Adani Ports, NTPC and SBI were the top losers on the BSE Sensex.

3:37 PM

Stock Market LIVE Updates: Consultation to be key pillar of policy, says RBI Gov Malhotra

3:36 PM

Stock Market LIVE Updates: Nifty50 closes 24,600

The NSE's Nifty50 closed at 24,641.80, up 31.75 points or 0.13 per cent.

3:34 PM

Stock Market LIVE Updates: We’re in totally different world today versus 30 yrs ago w.r.t to tech: RBI Gov

3:33 PM

Stock Market LIVE Updates: Sensex ends flat with a positive bias

The BSE Sensex closed at 81,526.14 level, up 16.09 points or 0.02 per cent.

3:32 PM

Stock Market LIVE Updates: We’ve done a lot with financial inclusion, but more needs to be done, says RBI Gov

3:31 PM

Stock Market LIVE Updates: World events remain dynamic, says RBI Governor Sanjay Malhotra

While stability and policy continuity is important, world events remain dynamic with geopolitical tensions, political developments and climate change, we need to be alert to also address these challenges, said RBI Governor Sanjay Malhotra.

 

 

3:31 PM

Stock Market LIVE Updates: Whatever decisions are taken will be taken with public interest in mind: RBI Gov

3:30 PM

Stock Market LIVE Updates: Banking, Financial stocks under pressure as New RBI Gov addresses media

Stock Market LIVE Updates: Nifty Bank down 0.33 per cent; PSU Bank sheds 0.92 per cent; Private Bank index down 0.24 per cent, and Financial Services flat, as Sanjay Malhotra addresses the media for the first time as the new Reserve Bank of India governor. 

 

3:29 PM

Stock Market LIVE Updates: Stability, continuity in policy is very important, says RBI Gov Malhotra

3:28 PM

Stock Market LIVE Updates: Will uphold RBI’s legacy and take it forward, says RBI Gov Malhotra

3:28 PM

Stock Market LIVE Updates: Bank stocks trade lower amid new RBI Governor's presser

Stock Market LIVE Updates: Nifty Bank index was down 0.32 per cent at 53,408.50 during the first press conference held by new Reserve Bank of India (RBI) Governor Sanjay Malhotra.

3:27 PM

Stock Market LIVE Updates: RBI has done some commendable work over the years, says RBI Gov Malhotra

3:26 PM

Stock Market LIVE Updates: An honour to lead this prestigious institution, says RBI Gov Malhotra

3:22 PM

Stock Market LIVE Updates: New RBI Governor Sanjay Malhotra holds first press conference after taking charge

3:10 PM

Stock Market LIVE Updates: Upcoming IPO: Travel Food Services files DRHP with Sebi to raise Rs 2,000-cr

Stock Market LIVE Updates: Travel Food Services (TFS), a Mumbai-based travel quick-service restaurant operator, is planning to go public as the company has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (Sebi).

 

With the public offering, the company seeks to raise Rs 2,000 crore. Notably, the IPO will consist entirely of an offer for sale (OFS) worth around Rs 2,000 crore, with a face value of Re 1, as the Kapur Family Trust plans to divest its stake in Travel Food Services. The offer includes reservations for subscriptions by eligible employees. READ MORE

 

3:02 PM

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

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty 50 were trading on a flat note on Wednesday.

At 3 PM, the BSE Sensex was 20.48 points, or 0.03 per cent higher at 81,530.53, while the Nifty 50 was at 24,635.40, higher by 25.35 points, or 0.1 per cent.

 

2:56 PM

Stock Market LIVE Updates: This Vijay Kedia portfolio stock surged 18% today; zoomed 105% in 4 months

Stock Market LIVE Updates: Precision Camshafts (PCL) share price hit a record high of Rs 382.15 as it surged 18 per cent on the BSE in Wednesday's intraday trade amid heavy volumes. The stock of the smallcap auto ancillary company surpassed its previous high of Rs 345 which it touched on December 3.

 

In the past four months, the market price of the Vijay Kedia-owned stock has more-than-doubled, zooming 105 per cent from a level of Rs 186.70. READ MORE

 

 

2:52 PM

Stock Market LIVE Updates: These 5 stocks from Mukul Agrawal portfolio can gain up to 27%

Stock Market LIVE Updates: Mukul Agrawal is a well-known investor known for his stock picks from the smallcap and microcap segments. According to data from the stock exchanges, Mukul Agrawal is an investor in some of the prominent stocks such as - BSE, Neuland Laboratories, Nuvama Wealth Management,  Deepak Fertilisers, PTC Industries, Raymond Lifestyle and Ceat among others.

 

As per reports, Mukul Agrawal portfolio was valued around Rs 7,500 crore, spread over 50 stocks, at the end of September quarter. READ MORE

 

2:46 PM

Stock Market LIVE Updates: This microcap auto ancillary stock has zoomed 70% thus far in December

Stock Market LIVE Updates: Setco Automotive shares hit an over 31-month high of Rs 17.33, gaining 5 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. The stock of the microcap auto ancillary company is quoting higher for the eighth straight trading session.

Thus far in the month of December, it has zoomed 70 per cent from the level of Rs 10.22 that it hit on November 29. READ MORE

 

2:44 PM

Stock Market LIVE Updates: Here's how India is sacrificing its growth and why it needs to stop

Stock Market LIVE Updates: Five years ago, policymakers in New Delhi were in denial about a funk in wage incomes so deep that Indians were skimping on 7 cent cookies.

 

Much has changed since then, but a lot hasn’t. Loans against gold are surging at a 50 per cent-plus annual pace, a tell-tale sign of desperation among lower-income borrowers struggling to keep their heads above water by pledging what is often their only marketable asset. READ MORE

 

2:38 PM

Stock Market LIVE Updates: ADB lowers India's GDP growth forecast to 6.5% in FY25, to 7% for next year

Stock Market LIVE Updates: The Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand.

The multilateral development bank has also lowered India's growth forecast for 2025-26 financial year. READ MORE

 

2:33 PM

Stock Market LIVE Updates: Axis Bank, Nippon AMC, Maruti: JM Financial picks 12 stocks to buy for 2025

Stock Market LIVE Updates: As the calendar turns toward 2025, domestic brokerage JM Financial has set its sights on a curated list of stocks set to shine in the coming year. 

 

With a keen eye on sectors driving India's economic momentum, the brokerage has crafted a portfolio that reflects both confidence and strategy. From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight, while Ahluwalia Contracts stands tall in the infrastructure space. READ MORE

 

2:27 PM

Stock Market LIVE Updates: Sanjay Malhotra assumes charge as new RBI governor amid economic challenges

Stock Market LIVE Updates: Sanjay Malhotra, 56, officially assumed office as the 26th governor of the Reserve Bank of India (RBI) for a three-year term. A Princeton-educated revenue secretary and veteran bureaucrat with over three decades of civil service experience, Malhotra succeeds Shaktikanta Das, who served as RBI governor for six years.

 

Malhotra’s appointment makes him the first RBI governor since Duvvuri Subbarao to transition directly from the Finance Ministry, a move that has surprised many in government circles. READ MORE

 

2:22 PM

Stock Market LIVE Updates: PNC Infra jumps 11% as arm completes Rs 738-cr project ahead of deadline

Stock Market LIVE Updates: PNC Infratech zoomed 11.3 per cent in the morning deals on Wednesday and logged an intraday high at Rs 346 per share. The buying in the stock came after the company's subsidiary Hathras Highways completed an order worth Rs 738 crore two months prior to its date.

 

Around 10:08 AM, PNC Infratech share price was up 10.51 per cent at Rs 343.4 per share on BSE. In comparison, BSE Sensex was flat at 81,508.02. READ MORE