Stock Market Highlights: Sensex sheds 200 points, Nifty ends below 24,620; FMCG, banking shares dip

Markets Highlights: Benchmark Indian equity indices BSE Sensex, and Nifty 50 settled in the negative territory on Monday

3:59 PM

Stock Market Highlights LIVE Updates: IIP and inflation figures would be key in this week

Markets witnessed a range-bound session and mostly languished in negative territory due to lack of investors' enthusiasm after last week's rally. All eyes are on this week's IIP and inflation numbers, which would be key given the RBI's reluctance to cut rates on the back of higher inflation concerns going ahead.

(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)

 

3:46 PM

Stock Market Highlights LIVE Updates: Capital goods, metal stocks see buying in expectation of China stimulus

The domestic market exhibited a range-bound trade after last week's rally. The rise in oil prices amid tensions in the Middle East, along with investors caution ahead of key economic data like India & US CPI data and ECB policy this week, impacted the sentiment. Capital goods and metal stocks have seen some buying interest in expectation of China stimulus after an unexpected drop in inflation.

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

3:44 PM

Stock Market Highlights LIVE Updates: Nifty FMCG, Media fall 2% each among sectors

Among sectors, Nifty FMCG, and Nifty Media fell 2 per cent each, followed by Nifty Pharma, PSU Bank, and Healthcare. 

3:40 PM

Stock Market Highlights LIVE Updates: Broader markets outperform

Broader markets outperformed benchmarks on Monday, with the BSE MidCap rising 0.32 per cent, while the BSE SmallCap index surged 0.46 per cent. 

3:37 PM

Stock Market Highlights LIVE Updates: Heatmap check

HUL, Tata Motors, Axis Bank and Nesle India lead losses on Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty50 ends below 24,650

The NSE's Nifty50 closed at 24,619, down 58.80 points or 0.24 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex closes 200 pts lower

At close the BSE Sensex stood at 81,508.46, down 200.66 points or 0.25 per cent. 

3:20 PM

Stock Market LIVE Updates: IGI IPO subscription opens Dec 13; Check GMP, price band, dates, and more

International Gemmological Institute IPO: The initial public offering (IPO) of International Gemmological Institute is set to open for public subscription on Friday, December 13, 2024. At the upper end, the company seeks to raise Rs 4,225 crore from the offering. The bidding for anchor investors is likely to take place on Thursday, December 12, 2024. Read more

3:14 PM

Stock Market LIVE Updates: This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs

Shares of CarTrade Tech, one of India's largest online classifieds and auto auction platforms, hit an over three-year high of Rs 1,618 on the BSE on Monday. The stock gained 3 per cent intraday, in an otherwise subdued market, on expectation of strong earnings. The stock of the smallcap company was trading at its highest level since September 2021.  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 Monday.

At 3 PM, the BSE Sensex was 155.95 points, or 0.19 per cent lower, at 81,553, while the Nifty 50 was at 24,632, down by 44 points or 0.18 per cent.

 

2:58 PM

Stock Market LIVE Updates: Sai Life Sciences IPO opens on Dec 11: Check GMP and other key details

Stock Market LIVE Updates: The initial public offering (IPO) of Sai Life Sciences is set to open for public subscription on Wednesday, December 11, 2024. Meanwhile, the company’s unlisted shares were commanding a decent premium in the grey market on Monday, December 9, 2024.

Sai Life Sciences shares were trading at Rs 584 apiece, reflecting a grey market premium (GMP) of Rs 35 or 6.38 per cent per share against the upper end of the IPO price band of Rs 549, according to sources tracking unofficial market activities. READ MORE

 

2:57 PM

Stock Market LIVE Updates: CE Infosystem rolls back decision to invest in new venture of ex CEO Rohan Verma

Stock Market LIVE Updates: MapmyIndia-operator CE Infosystems today informed that its board has reevaluated its previous decision to acquire a 10 per cent stake, and further invest Rs 10,00,000 in the new venture that is being floated by its former CEO Rohan Verma, following investor feedback.

The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company (the “Board”), at its meeting held today ... has inter-alia
approved the following agenda item:

At its earlier meeting on November 29th 2024 , the Board had taken the decision to invest Rs. 10,00,000 to acquire 10% stake at face value of Rs. 10 per share and further invest Rs. 35 crores in the form of Compulsorily Convertible Debentures (CCD’s) in a proposed company to be formed by Mr. Rohan Verma.

The Board made the above decision after due deliberation keeping in mind the best interest of the Company. After receiving investor feedback, the Board has re-evaluated its decisions."

It added that the Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99 per cent of revenues and continue to represent a significant growth opportunity for the foreseeable future. 

 

2:47 PM

Stock Market LIVE Updates: This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs

Stock Market LIVE Updates: Shares of CarTrade Tech, one of India's largest online classifieds and auto auction platforms, hit an over three-year high of Rs 1,618 on the BSE on Monday. The stock gained 3 per cent intraday, in an otherwise subdued market, on expectation of strong earnings. The stock of the smallcap company was trading at its highest level since September 2021.  

 

CarTrade Tech share price had hit a record high of Rs 1,610 on its debut day i.e. August 20, 2021. READ MORE
 

 

 

2:39 PM

Stock Market LIVE Updates: ITI shares zoom 13% amid heavy volumes; gains for 2nd consecutive session

Stock Market LIVE Updates: ITI Ltd shares zoomed 12.5 per cent in Monday's trade and logged an intraday high at Rs 361.45 per share amid heavy volumes. Around 11:22 AM, ITI share price was up 9.84 per cent at Rs 352.85  per share. In comparison, BSE Sensex was down 0.01 per cent at 81,697.06. 

On BSE 2.021 million equity shares and on NSE 43.367 million shares changed hands. The market capitalisation of the company stood at Rs 33,904.90 crore. The 52-week high of the company was at Rs 384.35 per share and the 52-week low was at Rs 210.2 per share. READ MORE

 

2:36 PM

Stock Market LIVE Updates: Zaggle ties up with HDFC Bank to offer credit cards bundled with Zaggle software

Stock Market LIVE Updates: Zaggle Prepaid Ocean Services today informed that it has tied up with private lender HDFC Bank to offer HDFC credit cards to corporate customers, bundled with Zaggle Software.

The company, in an exchange filing, said, "This is to inform you that Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with HDFC Bank Limited (HDFC)."

It added, "HDFC Credit cards bundled with Zaggle Software to be offered to corporate customers across industries."

 

2:31 PM

Stock Market LIVE Updates: Servotech Power Systems rallies 5% on joining hands with German Co; details

Stock Market LIVE Updates: Servotech Power Systems share price hit an intraday high of Rs 189.67 per share, rising 5 per cent on the NSE in Monday’s intraday trade. This came after the company said that it has partnered with LESSzwei GmbH to develop a solar-powered EV charging infrastructure for micromobility in Germany. 

 

The electronic vehicle (EV) charger manufacturer, has entered into a strategic partnership with a German enterprise, supporting the German Government in achieving its objectives in the field of sustainable development. READ MORE

 

2:23 PM

Stock Market LIVE Updates: Lloyds Metals stock hits lifetime high on mine development & ops foray

Stock Market LIVE Updates: Shares of Lloyds Metals Energy hit an all time high of Rs 1,099 per share, rising 4.57 per cent on the BSE in Monday’s intraday trade. This came after the company said that its board of directors have approved its entry into a new line of business of mines development and operations (MDO).

 

The company said that the move will allow it to expand its capabilities and diversify within the mining sector to reach the overall objective of optimising reduction of input cost for the company’s integrated steel business. READ MORE

 

 

2:19 PM

Stock Market LIVE Updates: AI-powered solution helped block 8 bn spam calls, 0.8 bn SMSes: Airtel

Stock Market LIVE Updates: Telecommunications giant Bharti Airtel has reported blocking an impressive 8 billion spam calls and 0.8 billion spam messages in just two and a half months since the launch of its AI-powered anti-spam system.

 

Using this algorithm, the AI-enabled network has successfully detected nearly 1 million spammers each day. READ MORE

 

2:13 PM

Stock Market LIVE Updates: This smallcap stock has hit 5% upper circuit for two days; up 98% in a year

Stock Market LIVE Updates: Kernex Microsystems shares were locked in a 5 per cent upper circuit in Monday's trade and clocked an all time high at Rs 1,197.15 per share. In comparison, BSE Sensex was down 0.08 per cent at 81,647.68, around 1:23 PM.

 

The market capitalisation of the company stood at Rs 2,006.35 crore. The 52-week high of the company stood at Rs 1,197.15 per share and the 52-week low was at Rs 333.55 per share. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Monday.

At 2 PM, the BSE Sensex was 166.32 points, or 0.20 per cent lower, at 81,542, while the Nifty 50 was at 24,623, down by 54 points or 0.22 per cent.

 

1:59 PM

Stock Market LIVE Updates: Navin Fluorine starts production of key fluro specialty chemical at Gujarat plant

Stock Market LIVE Updates: Navin Fluorine International today informed about the start of commercial production of key fluro specialty chemical by its wholly-owned subsidiary, Navin Fluorine Advanced Sciences, located in Dahej, Gujarat.

The company, in an exchange filing, said, "We wish to inform that the plant for manufacture and supply of a key fluoro specialty chemicalset up by the Company’s wholly owned subsidiary, Navin Fluorine Advanced Sciences Limited, in Dahej, Gujarat, has commenced commercial operations with dispatch of the first commercial lot to the customer today."

In an previous exchange filing on May 7, 2022, the company had said that the capacity addition at Dahej, Gujarat, which would be done with an investment of Rs 540 crore, would have a peak revenue potential of approximately Rs 600 crore per annum.

 

1:51 PM

Stock Market LIVE Updates: RIL stock tests 10-yr support, can tank 35% to Rs 850 if breaks this level

Stock Market LIVE Updates: In spite of the 1:1 bonus issue, Reliance Industries (RIL) stock has witnessed a dismal run on the stock exchanges thus far in the calendar year 2024. On a year-till-date (YTD) the stock is down 1.7 per cent as against a 13 per cent rally on the BSE Sensex.

The second-half of this year has been particularly bad for RIL stock as it tumbled nearly 25 per cent from a high of Rs 1,617 in July to a low of Rs 1,217 in November. In the process, Reliance stock tested its 10-year super trend line support, and then bounced back. READ MORE

 

1:45 PM

Stock Market LIVE Updates: This Tata Group co stock surged 53% in 3 weeks; zoomed 108% from June low

Stock Market LIVE Updates: Shares of Nelco hit a multi-year high of Rs 1,350, as they rallied 6 per cent on the BSE in Monday’s intra-day trade in an otherwise subdued market. In three weeks, the stock of the Tata Group company has surged 53 per cent. 

 

The market price of this smallcap company has been more than doubled or zoomed 108 per cent from its June month low of Rs 647.65. In comparison, the BSE Sensex was trading down 0.17 per cent at 81,568 at 12:45 PM. The stock had hit a record high of Rs 1,700 in March 1992. READ MORE

 

 

1:37 PM

Stock Market LIVE Updates: Styrenix Performance to acquire Thailand-based INEOS Styrolution for $20 million

Stock Market LIVE Updates:  Styrenix Performance Materials today informed that its board has approved the acquisition of 100 per cent shareholding of INEOS Styrolution (Thailand), from its shareholders INEOS Styrolution Group GmbH, INEOS Styrolution APAC Pte and INEOS Styrolution Hong Kong Company, for a consideration of $20 million.

The company, in an exchange filing, said, "The Board has also approved incorporation of a Step-Down Subsidiary in Thailand in which 99.99 per cent shares will be held by Styrenix Performance Materials FZE, Dubai, a wholly owned subsidiary of the Company." 

Apart from that, that company also declared an interim dividend of Rs 31 per equity share of Rs 10 each (310 per cent), while setting Tuesday, December 17 as the record date for eligible shareholders to receive the interim dividend for FY25.

 

1:27 PM

Stock Market LIVE Updates: Bajaj Healthcare rises 6% as Gujarat API site gets nod from TGA, Australia

Stock Market LIVE Updates: Bajaj Healthcare shares jumped 5.5 per cent in Monday's trade and registered a 52-week high at Rs 455.85 per share. The buying in the stock sparked after the company received approval from the Therapeutic Goods Administration, Australia (TGA) for the Active Pharmaceutical Ingredient (API) manufacturing site situated at Savli, Vadodara, Gujarat.

Around 12:57 PM, Bajaj Healthcare share price was up 4.65 per cent at Rs 452.15 per share. In comparison, BSE Sensex was down 0.13 per cent at 81,605.5. READ MORE

 

 

1:15 PM

Stock Market LIVE Updates: China's leaders change monetary policy stance for first time in 14 years: Bloomberg

Stock Market LIVE Updates: Bloomberg reports that China’s top leaders have changed their stance on monetary policy for the first time in some 14 years, as policymakers gird themselves for a second trade war when Donald Trump returns to the White House next month

In the meeting, the leaders stressed that China will implement a more proactive fiscal policy and moderately loose monetary policy next year.

The country will also vigorously boost consumption and expand domestic demand on all fronts.

1:08 PM

Stock Market LIVE Updates: NLC India up 4% on emerging successful bidder for Patrapara Mine in Odisha

Stock Market LIVE Updates: NLC India shares jumped 3.6 per cent in Monday's trade and logged an intraday high at Rs 276.3 per share. The stock climbed after the company was declared as a successful bidder by the Ministry of Coal (MoC) for New Patrapara South Coal Mine in Odisha. 

 

Around 10:54 AM, NLC India share price was up 1.99 per cent at Rs 271.9  per share. In comparison, BSE Sensex was down 0.24 per cent at 81,510.13. 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 Monday.

At 1 PM, the BSE Sensex was 111.84 points, or 0.14 per cent lower, at 81,597, while the Nifty 50 was at 24,639, down by 38 points or 0.16 per cent.

12:55 PM

Stock Market LIVE Updates: Asian Paints hits over 3-yr low; down 30% so far in CY24 on sluggish demand

Stock Market LIVE Updates: Asian Paints share price hit an over three-year low of Rs 2,398.05, down 2 per cent on the BSE in Monday's intraday trade, amid challenging demand conditions. The stock of the largest paint company was quoting lower for a sixth straight day, having declined 4 per cent during the period. Since November, the stock price of Asian Paints has declined 19 per cent. It is trading at its lowest level since March 2021.

 

Further, thus far in calendar year 2024 (CY24), Asian Paints' shares have underperformed the market by falling 30 per cent on sluggish demand. In comparison, the BSE Sensex has rallied 13 per cent during the same period. READ MORE

 

12:45 PM

Stock Market LIVE Updates: Star Health drops 5% as Irdai issues show cause notice for violating norms

Stock Market LIVE Updates: Health insurance company Star Health and Allied Insurance shares fell as much as 4.60 per cent to hit an intraday low of Rs 466.15 per share on Monday, December 9, 2024.

 

The fall in insurer’s share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice on December 4, 2024, for violation of norms based on the general inspection conducted by the regulator for the period from January 31, 2022, to February 11, 2022. READ MORE