Stock Market Crash Highlights: Sensex sinks 1064pts, Nifty ends below 24340; Auto, banks, metals dip

Markets Crash Today Highlights: The day ended in favour of bears as all the constituent stocks of Nifty50, barring Cipla and ITC, ended in the red

4:08 PM

Stock Market Highlights LIVE Updates: Nifty has fallen below the 21-EMA, indicating a rise in bearish bets

Nifty slipped sharply following the formation of a Harami pattern on the daily timeframe. The index has fallen below the 21-EMA, indicating a rise in bearish bets in the market. Additionally, the indicator is in a bearish crossover, further supporting the negative sentiment.

The short-term outlook remains weak, with the potential for a decline towards 24,200, where an initial round of support is expected. A meaningful recovery might be seen if Nifty does not break decisively below 24,200.

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

4:07 PM

Stock Market Highlights LIVE Updates: A record-high trade deficit is exacerbating the pressure on markets

Widespread pessimism prevails across all sectors ahead of key policy decisions from the US Fed, BoJ, and BoE. While the market has already factored in a 25bps cut from the US Fed, it remains vigilant for any hawkish signals. The BoJ and BoE are largely expected to maintain their current rates for the year. Concurrently, the INR has depreciated to an all-time low, and a record-high trade deficit is exacerbating the pressure. FII outflows persist due to rising US bond yields and a strengthening dollar, further contributing to the prevailing pessimism.

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

4:06 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank, Auto, Metal lead losses among sectors

Nifty PSU Bank, Auto, Metal lead losses among sectors.

3:44 PM

Stock Market Highlights LIVE Updates: Shriram Finance, Grasim Industries, HeroMoto Corp fall up to 5%

Shriram Finance, Grasim Industries, and HeroMoto Corp fall up to 5 per cent on NSE.

3:41 PM

Stock Market Highlights LIVE Updates: Broader indices fall

The BSE SmallCap index slipped 0.52 per cent, while the BSE MidCap index tanked 0.65 per cent.

3:38 PM

Stock Market Highlights LIVE Updates: 29 out of 30 stocks end in red on Sensex

JSW Steel and Bharti Airtel fell 3 per cent each on the BSE Sensex, followed by the likes of IndusInd Bank and TCS among others.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,350

The NSE's Nifty50 closed at 24,336, down 332.25 points or 1.35 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex ends over 1,000 pts down

The BSE Sensex closed at 80,684.45, down 1064.12 points or 1.30 per cent on Tuesday.

3:17 PM

Stock market outlook 2025: PL Capital bets on these sectors amid volatility

Amid uncertainty in the Indian equities, both the National Stock Exchange (NSE) Nifty50 and BSE Sensex have declined 5.9 per cent and 4.9 per cent respectively from their record peaks.

 

The selling pressure accentuated in November owing to stretched valuations and weak July-September (Q2) quarter earnings, with Nifty earnings growing at their slowest pace since June 2020. Read more

3:16 PM

Stock Market LIVE Updates: Market regulator Sebi weighs easing norms for Alternative Investment Funds

India’s market regulator may relax some of the regulations governing the $53 billion alternative investment funds sector, after a series of measures aimed at curbing the industry’s erring ways seemed to have worked, a top official said. 

 

“With the checks and balances now in place, we are in a position to consider greater product and innovation flexibility to AIFs,” Ananth Narayan, a whole-time member of the Securities and Exchange Board of India board said at an event in Mumbai on Tuesday. He did not elaborate. Read more

3:01 PM

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

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

At 3 PM, the BSE Sensex was lower by 1037.85 points, or 1.27 per cent, at 80,710.72, and the Nifty 50 was at 24,329.65, lower by 338.60 points, or 1.37 per cent.

 

2:53 PM

Stock Market LIVE Updates: ITC sets Jan 1 as effective date for hotel biz demerger; stk up 3% from low

Stock Market LIVE Updates: ITC share price moved higher by 1 per cent to Rs 475.85 on the BSE in Tuesday's intraday trade, in an otherwise weak market, after the company set January 1, 2025 as the appointed date and the effective date for the demerger of the hotel business of the company.

 

The stock of the fast moving consumer goods (FMCG) company bounced back nearly 3 per cent from its intraday low of Rs 463.15. READ MORE

 

 

2:45 PM

Stock Market LIVE Updates: Bansal Wire to give Rs 65 cr loan to subsidiary for land purchase and development

Stock Market LIVE Updates: Bansal Wire Industries today informed that it's board of directors, at a meeting held today, approved an inter corporate loan of Rs 65 crore to its wholly-owned subsidiary, BWI Steel Private Limited. 

The company, in an exchange filing, said, "It is hereby informed that the Board of Directors of Bansal Wire Industries Limited at its Meeting held today... has approved the inter corporate loan of Rs. 65.00 crore in one or more tranches to BWl Steel Private Limited (Wholly-Owned Subsidiary)."

The company added that the amount of this inter corporate loan will be utilised by the wholly owned subsidiary company for the purchase of land and development and other ancillary purpose thereof.

 

2:39 PM

Stock Market LIVE Updates: Asian Energy bags compressor station supply deal worth Rs 200 crore from Assam Gas

Stock Market LIVE Updates: ‐ Asian Energy Services Limited (AESL), an end‐to‐end service provider across the entire upstream value chain, today informed that it has been awarded an order worth around Rs 200 crore, from Assam Gas Company Limited for Supplying Compressor Station on Build, Own, Operate, and Transfer (BOOT) basis for three years.

The company, in an exchange filing, said, "The total contract value is ~Rs 200 crores of which ~Rs 82 crores to be realised in the first year on Free on Truck (FOT) site basis which is inclusive of freight, unloading and stacking but exclusive of GST."

It added that the mobilisation of the first compressor is expected to be completed in Q4 FY25 and the rest will be completed in the following financial year. 

 

2:31 PM

Stock Market LIVE Updates: Thomas Cook India opens 14th store in Delhi-NCR with new outlet in Gurugram

Stock Market LIVE Updates: Thomas Cook (India) today informed that it has opened a new franchise outlet in Gurugram, taking the total number of outlets in the Delhi NCR region to 14, out of which six are owned by the company, while eight are operated as Gold Circle Partner outlets. 

The company, in an exchange filing, said, the new outlet will provide end-to-end travel services: International & Domestic Holidays (Group Tours, Personalised holidays, Cruises, etc.), Value Added Services like Travel Insurance, etc. 

2:24 PM

Stock Market LIVE Updates: Why this smallcap realty stock is locked in 10% lower circuit today?

Stock Market LIVE Updates: Shares of TARC were locked in lower circuit of 10 per cent at Rs 189.55 on the BSE in Tuesday’s intra-day trade after the market regulator Securities and Exchange Board of India (SEBI) intimated about the appointment of a forensic auditor with respect to financial statements of the company for financial years 2020-2I to 2022-23.

 

Till 12:47 PM, a combined 4.02 million equity shares, representing 1.4 per cent of the total equity of the realty company, have changed hands on the NSE and BSE. Moreover, there are pending sell orders for a combined 1.7 million shares on both the exchanges. In comparison, the BSE Sensex was down 1.1 per cent at 80,842 around the same time. READ MORE

 

2:10 PM

Stock Market LIVE Updates: Best Agrolife share price gains 4% on bagging patent from OAPI for 20 years

Stock Market LIVE Updates: Agrochemical Pesticide manufacturer Best Agrolife shares soared up to 3.76 per cent to hit an intraday high of Rs 661 per share on Tuesday, December 17, 2024. The rally in Best Agrolife share price came after the company revealed that it has been has been granted a patent by the African Intellectual Property Organization (OAPI) for an invention entitled “Synergistic Pesticidal Composition Against Sucking Pests Complex” for 20 years, commencing June 12, 2021. READ MORE

 

2:06 PM

Stock Market LIVE Updates: Mobikwik IPO listing on December 18: Here's what latest GMP indicates

Stock Market LIVE Updates: The unlisted shares of digital payment services provider One Mobikwik System were commanding a solid premium in grey markets ahead of their listing scheduled on Wednesday, December 18, 2024. READ MORE

 

1:56 PM

Stock Market LIVE Updates: PC Jeweller extends gain for second session, rises 5% after stock split

Stock Market LIVE Updates: Shares of PC Jeweller rallied up to 4.90 per cent at 19.25 per share on the BSE in Tuesday’s intraday deals. The stock of the company has surged 10.12 per cent in the last two sessions after the company’s shares began trading ex-date for its stock split in a 1:10 ratio on Monday. READ MORE

 

1:45 PM

Stock Market LIVE Updates: Oberoi Realty hits all time high; gains 10% in two days; here's why

Stock Market LIVE Updates: Oberoi Realty shares advanced 3.9 per cent in trade, scaling a fresh high at Rs 2,341 per share on BSE on strong outlook. The stock rallied for the second consecutive session, rising around 10 per cent in two days.

 

Around 11:45 AM, Oberoi Realty share price was up 3.49 per cent at Rs 2,331.15 per share on BSE. In comparison, the BSE Sensex was down 1.12 per cent at 80,830.28. The market capitalisation of the company stood at Rs 84,761.14 crore. READ MORE

 

 

1:34 PM

Stock Market LIVE Updates: Here's why Nitco shares jumped 5% in trade on December 17; details inside

Stock Market LIVE Updates: Tiles maker Nitco shares surged up to 4.98 per cent to hit an intraday high of Rs 147.55 per share on Tuesday, December 17, 2024. 

The uptick in Nitco share price came after the company announced that it has secured an order Rs 105.40 crore from Prestige Estates Projects. READ MORE

 

 

1:22 PM

Stock Market LIVE Updates: NMDC fixes December 27 as record date for 1:2 bonus share issue

Stock Market LIVE Updates: NMDC today informed that it has set Friday, December 27, as the record date to determine the eligibility of shareholders for the issuance of bonus shares in the ratio of 1:2, announced by the company on December 16.

The company, in an exchange filing, said, "We wish to inform you that the Company has received in-principle approval under Regulation 28(1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated 16th December 2024, for issue and proposed allotment of 586,12,11,700 Equity shares of ₹1/- each as bonus shares in the ratio of 2 (two) new equity shares for every 1 (one) existing equity share held in the Company."

It added, "Further, the Company has fixed Friday, 27th December 2024, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares".

The company also added that the deemed date of allotment for the bonus shares shall be Monday, 30th December 2024, for the purpose of allotment of said Bonus Shares of the Company. 

 

1:15 PM

Stock Market LIVE Updates: Astral, BoM, BDL: 5 mid, smallcap stock ideas with up to 36% upside in 2025

Stock Market LIVE Updates: The broader indices - the Nifty MidCap 150 and the Nifty SmallCap 250 have generated hefty returns for investors, with gains up to 30 per cent so far in the calendar year 2024 when compared with around 13 per cent rally on the Nifty 50 index.

 

Among individual mid, smallcap stocks - GE Vernova T&D India was the top mover - up over 300 per cent or 4-fold thus far this year. It was followed by stocks like Motilal Oswal Financial Services, Godfrey Phillips, Oracle Financial Services Software and Dixon Technologies - up around 200 per cent each. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower

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

At 1 PM, the BSE Sensex was lower by 770.94 points, or 0.94 per cent, at 80,977.63, and the Nifty 50 was at 24,432.70, lower by 235.55 points, or 0.95 per cent.

 

12:58 PM

Stock Market LIVE Updates: Piramal Pharma up 7% as JM Financial initiates with 'Buy'; 36% upside eyed

Stock Market LIVE Updates: Pharmaceutical company Piramal Pharma shares were buzzing in trade on Tuesday, December 17, 2024, as the scrip rallied up to 6.70 per cent to hit an intraday high of Rs 268 apiece.

 

However, at 9:55 AM, Piramal Pharma shares were up 6.63 per cent at Rs 267.80 per share. In comparison, BSE Sensex was trading 0.64 per cent lower at 81,225 levels. READ MORE

 

 

12:48 PM

Stock Market LIVE Updates: Why fertiliser shares zoomed up to 7% in trade on Dec 17; check reason here

Stock Market LIVE Updates: Fertiliser shares were in demand on Tuesday, December 17, 2024, with shares rising by as much as 7 per cent in intraday trading on the BSE. The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea. 

 

The price of DAP is expected to jump 12-15 per cent, climbing from Rs 1,350 per bag to between Rs 1,550 and Rs 1,590 per bag, with the revised rates set to take effect from January 1, 2025. READ MORE

 

12:36 PM

Stock Market LIVE Updates: 8 out of 11 SME IPOs double investor wealth on listing day thus far in Dec

Stock Market LIVE Updates: Shares of Toss The Coin made a stellar debut on the BSE SME today, and locked in 5 per cent upper circuit at Rs 363, doubling investors' money on listing day. The company allotted shares at a price of Rs 182 per share in its initial public offer (IPO).

Toss The Coin is a marketing consulting firm that helps B2B technology companies grow through customised solutions and expert consulting services. With expertise in marketing strategy, branding, content creation, and design, Toss The Coin develops effective go-to-market strategies for tech organisations of all sizes. READ MORE

 

 

12:22 PM

Stock Market LIVE Updates: Cipla shares gain; Kotak upgrades stock to 'Buy' from 'Add'; check target

Stock Market LIVE Updates: Cipla shares rose 2.4 per cent in trade and recorded an intraday high at Rs 1,483.4 per share on BSE. On NSE, 1.022 million shares changed hands, while on BSE 0.019 million shares were traded.

 

Around 10:16 AM, Cipla share price was up 1.51 per cent at Rs 1,470.05 per share on BSE. In comparison, the BSE Sensex was down 0.60 per cent at 81,258.79. The market capitalisation of the company stood at Rs 1,18,723.3 crore. The 52-week high of the stock was at Rs 1,702 per share and the 52-week low was at Rs 1,192.85 per share. READ MORE

 

12:14 PM

Stock Market LIVE Updates: Market check: Sensex down 930pts, Nifty below 24,400; Airtel, TCS drag

Stock Market LIVE Updates: Indian stocks were reeling under severe pressure once again on Tuesday, with the BSE Sensex falling 930 points or 1.13 per cent to its intraday low of 80,818, while the NSE’s Nifty50 slipping 285 points or 1.15 per cent at 24,383 in intraday trade.

 

The fall in the Indian stock market came amid continuous selling by foreign institutional investors (FIIs) and ahead of the US Federal Reserve rate cut decision due on Wednesday. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade lower

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

At 12 PM, the BSE Sensex was lower by 948.12 points, or 1.16 per cent, at 80,800.45, and the Nifty 50 was at 24,389.15, lower by 279.10 points, or 1.13 per cent.