Market Close Highlights: Fab Friday! Sensex ends 843pts up, soars 2050pts from low; Nifty at 24,768

Markets Highlights: Friday ended in favour of the bulls, as 41 out of 50 constituent stocks ended in the green, led by Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, and UltraTech Cement

3:53 PM

Stock Market Highlights LIVE Updates: Nifty has potential to reach 25,000 and higher in short term

The equity market in India witnessed a roller-coaster session on the day of the Sensex weekly expiry. On the lower end, the Nifty found support around the neckline of the inverse head-and-shoulders pattern, completing a retest before rallying towards higher levels.

Today's low also coincides with the 38.2 per cent retracement level of the previous rally. Going forward, the trend is likely to remain strong, with the potential to reach 25,000 and higher in the short term. On the lower end, support is placed at 24,550.

(View by: Rupak De, Senior Technical Analyst, LKP Securities.)

3:50 PM

Stock Market Highlights LIVE Updates: Expectation of increase in US spending is propelling IT sector

The domestic market smartly recovered from the day’s low and moved out of the consolidation path led by index heavyweights. A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform.

Currently, the market is anticipating a revival in consumer spending, driven by the festive season and year-end holidays, adding to the sentiments. Additionally, expectation of an increase in US spending is propelling the IT sector.

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

3:47 PM

Stock Market Highlights LIVE Updates: Broader indices end in red

The BSE SmallCap index closed 0.29 per cent lower, while the BSE MidCap index ended 0.08 per cent lower.

3:44 PM

Stock Market Highlights LIVE Updates: Shriram Finance, Tata Steel, IndusInd Bank fall on NSE

Shriram Finance, Tata Steel, and IndusInd Bank were among the top five losers on NSE.

3:43 PM

Stock Market Highlights LIVE Updates: Nifty FMCG, IT lead among sectoral trends

Nifty FMCG, IT, Bank, and Financial Services advanced among sectors on Friday.

3:39 PM

Stock Market Highlights LIVE Updates: 26 out of 30 stocks end in green

Bharti Airtel, ITC, and Kotak Bank were among the top gainers on the BSE Sensex.

3:36 PM

Stock Market Highlights LIVE Updates: Sensex closes 800 pts higher

The BSE Sensex closed 843 points or 1.04 per cent higher at 82,133 level. 

3:34 PM

Stock Market Highlights LIVE Updates: Nifty jumps over 200 pts, ends above 24,750

NSE's Nifty50 closed 219 points or 0.89 per cent higher at 24,768 level on Friday.

3:30 PM

Stock LIVE Updates: FMCG stocks rebound; ITC, HUL rally up to 5% from intra-day lows

Shares of fast moving consumer goods (FMCG) companies were in focus, bouncing back up to 5 per cent from their intra-day’s lows on Friday on value buying. ITC moved higher to Rs 474.35, bouncing back 5 per cent from its intra-day low of Rs 451.60 on the BSE. While, Hindustan Unilever (HUL) hit an intra-day high of Rs 2,394.50, and has recovered 3 per cent from its intra-day low of Rs 2,333.40. Read more

3:16 PM

Stock Market LIVE Updates: This microcap textile stock has zoomed 100% in 5 days; climbed 10% today

Shares of Mahalaxmi Rubtech have continued their upward trajectory, hitting a new high of Rs 311.10, and surging 10 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. The stock price of the microcap company is trading higher for the fifth straight trading session, zooming 100 per cent from the level of Rs 155.60 on December 6, 2024. In comparison, the BSE Sensex was up 0.26 per cent during the period. Read more

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade at day's highs

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Friday, after recouping the losses from the day's lows.

At 3 PM, the BSE Sensex was 719.98 points, or 0.89 per cent higher at 82,002.94, while the Nifty 50 was at 24,743.70, up 195 points, or 0.79 per cent.

 

2:56 PM

Stock Market LIVE Updates: Aptech shares zoom 15% after winning multiyear project from state body

Stock Market LIVE Updates: Shares of Aptech rose as much as 15 per cent at Rs 202.70 per share on the BSE in Friday’s intraday deals. This came after the computer technology company received a letter of intent for a multi-year deal from a state government body.

 

Aptech was awarded a multi-year project from the said body to conduct computer based online examination with the tenure of examination being 3 years. READ MORE

 

2:46 PM

Stock Market LIVE Updates: Tata Motors 3-year bull-run under threat as stock tumbles 36% in 5 months

Stock Market LIVE Updates: The share price of Tata Motors has tumbled by 35.6 per cent from its all-time high of Rs 1,179 hit on July 30, 2024. In less than 5 months the stock has erased more than one-third of its value and now trades near its all-important super trend line on the monthly scale.

 

Three years ago, in January 2021 the stock gave a breakout above its then super trend line on the monthly scale and went on to zoom over 544 per cent or 6.4-fold to a high of Rs 1,179 this July. With the recent fall, the stock is now within striking distance of this long-term trend line which stands at Rs 734. READ MORE

 

 

2:37 PM

Stock Market LIVE Updates: Sebi issues guidelines for Algo trading for retail investors; CNBC TV18

2:28 PM

Stock Market LIVE Updates: Aether Industries down 5% in trade; Kotak initiates coverage with 'Reduce'

Stock Market LIVE Updates: Aether Industries shares slipped 4.6 per cent in trade and logged an intraday low of Rs 850.35 per share on BSE. On BSE 457.5 million shares were traded around 12:31 PM.

 

Meanwhile, Aether Industries share was down 1.41 per cent at Rs 879.6 per share on BSE. In comparison, the BSE Sensex was up 0.11 per cent at 81,382.85. The market capitalisation of the company stood at Rs 11,662 crore. The 52-week high of the stock was at Rs 1,066.3 per share and the 52-week low was at Rs 775 per share. READ MORE

 

2:17 PM

Stock Market LIVE Updates: Astra Microwave share jumps 7% on Rs 256 cr-order from Defence Ministry

Stock Market LIVE Updates: Astra Microwave Products share was in demand on Friday, December 13, 2024, as the share jumped up to 6.53 per cent to hit an intraday high of Rs 868.50 apiece. READ MORE 

2:07 PM

Stock Market LIVE Updates: Why Bajel Projects soared 12% in falling market on Dec 13; reasons here

Stock Market LIVE Updates: Shares of smallcap firm Bajel Projects surged up to 12 per cent at Rs 274.55 a piece on the BSE in Friday’s early morning deals. On the contrary, the BSE SmallCap index slipped down 1.85 per cent at 56,066.45 level intraday. READ MORE 

2:03 PM

Stock Market LIVE Updates: Here's why Waaree Energies share price slipped 4% in trade on December 13

Stock Market LIVE Updates: Battery manufacturing company Waaree Energies snapped its 7-day winning streak, as the scrip dropped up to 3.96 per cent to hit an intraday low of Rs 3,161.65 apiece on Friday, December 13, 2024, amid profit booking. READ MORE 

1:57 PM

Stock Market LIVE Updates: Dividend, Bonus, Stock-split: These 10 stocks to turn ex-date next week

Stock Market LIVE Updates: Dividend, Bonus, Stock-split: Shares of PC Jeweller, Linc, Sky Gold, Sacheta Metals, and six others will remain in the spotlight next week as they turn ex-date following the announcements of their corporate actions, such as dividends, stock splits, and bonus issues. READ MORE 

1:52 PM

Stock Market LIVE Updates: Bharti Airtel stock hits 7-week high; shares surge 4% on heavy volumes

Stock Market LIVE Updates: Bharti Airtel shares have moved higher by 4 per cent to Rs 1,677.05, hitting a seven-week high on the BSE in Friday’s intra-day trade amid heavy volumes. The stock of the telecom services provider was trading at its highest level since October 28. It had hit a record high of Rs 1,778.95 on September 29. READ MORE 

1:42 PM

Stock Market LIVE Updates: CRISIL shares reach all time high, rally 5% on acquiring 4% stake in OPL

Stock Market LIVE Updates: Shares of CRISIL hit their lifetime high at Rs 5,782.25 a piece on the BSE, rising 4.64 per cent in Friday’s intraday deals. This came after the credit rating agency picked up a 4 per cent stake in a digital credit infrastructure company on Thursday. 

 

“We wish to inform you that the Board of Directors of CRISIL, has approved an investment in the equity capital of Online PSB Loans (OPL) Limited of an amount of Rs. 33.25 crores, to acquire a 4.08 per cent stake in it, on a post-money, fully diluted basis,” the company said in an exchange filing. READ MORE

 

1:29 PM

Stock Market LIVE Updates: Gold prices up 30% in 2024; set for best calendar year show in 10 yrs: WGC

Stock Market LIVE Updates: Gold prices that have climbed over 30 per cent thus far in 2024 to Rs 7,300 per gram in the Indian markets (up 28 per cent in USD till November-end), are set for their best calendar year performance in 10 years, suggests a recent report by World Gold Council (WGC). 

 

However, this stellar run, analysts believe, may not carry through till the end of 2025 in the backdrop of economic and geopolitical headwinds. READ MORE

 

1:19 PM

Stock Market LIVE Updates: Lemon Tree opens second resort in Bhutan; plans property in Ranchi

Stock Market LIVE Updates: Lemon Tree Hotels today informed that it has opened its second property in Bhutan, with Lemon Tree Resort, Thimpu, Bhutan. Apart from that, it has also signed a license agreement for a Lemon Tree Hotel in Ranchi.

The company, in an exchange filing, said, the resort in Bhutan will feature 60 rooms and a villa, of which 48 rooms, and the villa will open today in the first phase of lauch, while the rest will open in the second phase. 

As for the property in Ranchi, Lemon Tree said it will be managed by Carnation Hotels, a wholly-owned subsidiary of the company. The property is expected to open in FY27, with 65 rooms.

 

1:09 PM

Stock Market LIVE Updates: TTML declines in trade; 32.044 mn shares change hands on NSE, 1.7 mn on BSE

Stock Market LIVE Updates: Tata Teleservices (Maharashtra) Ltd (TTML) shares declined 1.5 per cent on Thursday and logged an intraday low of Rs 84.05 per share on National Stock Exchange (NSE) amid heavy volumes. On the counter, 32.044 million shares were traded on NSE and 1.7 million shares changed hands on BSE, around 11:56 AM. 

 

Meanwhile, TTML share price was down 0.61 per cent at Rs 84.92 per share on BSE. In comparison, the BSE Sensex was down 0.71 per cent at 80,716.5. READ MORE

 

1:01 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty recoup losses; trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Friday, after recouping the losses from the day's lows.

At 1 PM, the BSE Sensex was 360.29 points, or 0.44 per cent higher at 81,650.25, while the Nifty 50 was at 24,629.15, up 80.45 points, or 0.33 per cent.

 

12:44 PM

Stock Market LIVE Updates: Despite denying Ambuja's acquisition, Star Cement soars 26% so far in Dec

Stock Market LIVE Updates: Star Cement share price hit an over three-month high of Rs 230.80 on the BSE on Friday. The stock of Star Cement rallied 5 per cent intraday trade, amid heavy volumes, in an otherwise weak market.

With this, the stock of the cement and cements products company is quoting at its highest level since September 2, 2024. It had hit a 52-week high of Rs 255.95 on May 22, 2024. In comparison, the BSE Sensex was down 0.95 per cent at 80,516 at 11:19 am. READ MORE

 

12:32 PM

Stock Market LIVE Updates: IndusInd Bank share drops 3%, hits 52-week low as UBS slashes target price

Stock Market LIVE Updates: Private banking company IndusInd Bank shares took a hit on Friday, December 13, 2024, as the scrip fell up to 3.24 per cent to a fresh 52-week low of Rs 965.55 per share.

 

The fall in the private lender share price came after Zurich, Switzerland-based brokerage UBS slashed its target price to Rs 1,150 per share, according to reports. However, the brokerage has maintained a ‘Neutral’ stance on the share. READ MORE

 

 

12:25 PM

Stock Market LIVE Updates: Jefferies upgrades Indian Oil to 'Buy', lifts target to Rs 185; share up 2%

Stock Market LIVE Updates: Oil marketing company Indian Oil Corporation Limited (IOCL) shares were in demand on Friday, December 13, 2024, as the share moved up to 2.47 per cent to hit an intraday high of Rs 145 per share.

 

The uptick in the Indian Oil share came after New York-based international brokerage firm Jefferies upgraded the company to ‘Buy’. The brokerage also raised the target price to Rs 185 per share, according to reports. The fresh target price reflects an upside of 30.7 per cent from the previous close (December 12) of Rs 141.50. READ MORE

 

12:18 PM

Stock Market LIVE Updates: Last day to subscribe Sai Life Sciences IPO: Check GMP, subscription status

Stock Market LIVE Updates: The three-day subscription window to bid for the initial public offer (IPO) of Sai Life Sciences, which has so far received a decent response from investors, is set to close today. The Rs 3,042.62 crore offering of Sai Life Sciences has received bids for 6,45,27,003 shares against 3,88,29,848 shares on offer, as of 12:04 PM on Day 3, as per NSE data. This translates to an oversubscription of 1.66 times.

 

Notably, the Qualified Institutional Buyers (QIBs) showed the most interest by subscribing to Sai Life Sciences IPO 4.17 times, with bids for 4,44,82,554 shares. Non-Institutional Investors (NIIs) subscribed 1.07 times with bids for 90,39,276 shares, while Retail Individual Investors (RIIs) subscribed 0.56 times with bids for 1,10,05,173 shares. READ MORE

 

12:10 PM

Stock Market LIVE Updates: Welspun Corp begins expansion of Arkansas facility with groundbreaking ceremony

Stock Market LIVE Updates: Welspun Corp today informed that its US-based step-down subsidiary, Welspun Tubular LLC has conducted the groundbreaking ceremony for the expansion of its HFIW pipe manufacturing facility in Little Rock, Arkansas, USA. 

The company, in an exchange filing, said the expansion, being done with an investment of $100 million, aims to expand and upgrade its line pipe portfolio in the US. It added that the expansion is expected to be completed by March 2026.