Stock Market Close Highlights: Sensex extends rally, rises 111 pts led by HDFC Bank; Nifty ends flat

Market Highlights: The BSE Sensex has now gained around 1,900 points in the last four trading sessions; Bajaj Finserv, NTPC and Titan were the other top gainers among the Sensex 30 shares on Wednesday

3:53 PM

Expert Comments: Powell's speech could sway market mood

"The domestic market maintained a positive trajectory, despite some volatility stemming from mixed sentiments in Asian markets due to the situation in South Korea. Broader indices showed strong performance, with the banking and financial sectors continuing to excel. Conversely, auto stocks were impacted by mixed November sales results. The upcoming speech by the FED Chair could sway market sentiments, as recent FED minutes have shown confidence in the easing of inflation. Although the effects of US policies under the new administration remain uncertain, the minutes suggest a probable continuation of the rate easing cycle."

- Views expressed by Vinod Nair, Head of Research, Geojit Financial Services.

3:45 PM

Stock Market Highlights: Key movers & shakers in the SmallCap space

 

3:43 PM

Stock Market Highlights: UCO Bank, Central Bank led the charge in MidCap shares, rising up to 12%

 

3:39 PM

Stock Market Highlights: MidCap, SmallCap indices outperformed with gains around 1%

3:38 PM

Stock Market Highlights: 15 Sensex shares ended higher led by HDFC Bank; Airtel down 2% was the top loser

3:36 PM

Stock Market Highlights: NSE Nifty 50 ended marginally higher at 24,467, up 10 points

 

3:34 PM

Stock Market Highlights: BSE Sensex ended higher for the fourth straight day, up 111 points

The BSE Sensex has rallied around 1,900 points in the last four trading sessions starting last Friday.

3:20 PM

Stock Market LIVE Updates: Rupee update

USDINR CMP- 84.72 (spot) Indian Rupee opened higher on positive domestic markets and fresh FII inflows. However, Rupee lost initial gains amid strong Dollar and a positive tone in crude oil prices. Dollar strengthened amid upbeat JOLTS job openings data from the US and disappointing Caixin Services PMI data from China which fell to 51.2 in November vs forecast of 52.4.

 

We expect Rupee to trade with a negative bias on strong Dollar and positive crude oil prices. FII outflows. Worries over slowdown in the economy may further weigh on the Rupee. However, positive domestic markets may support the Rupee at lower levels. Geopolitical tensions in the Middle East may also support the US Dollar. Traders may take cues from ADP non-farm payrolls and ISM services PMI data from the US. USDINR spot price is expected to trade in a range of Rs 84.50 to Rs 85.

Views By: Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan

 

3:07 PM

Stock Market LIVE Updates: Alembic Pharma gets tentative USFDA nod for Olopatadine drug; stock up 2%

Stock Market LIVE Updates:  Shares of pharmaceutical company Alembic Pharmaceuticals advanced 2.15 per cent to Rs 1,123 on the National Stock Exchange (NSE) during intra-day deals on Wednesday, December 4, 2024.  The northward movement in the company’s share price followed news that the company had received tentative approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7 per cent (OTC). READ MORE

 

3:02 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 Wednesday.

At 3 PM, the BSE Sensex was 24 points, or 0.03 per cent higher at 80,870, while the Nifty 50 was at 24,438, lower by 19.15 points, or 0.08 per cent.

 

2:54 PM

Stock Market LIVE Updates: GOP lawmaker seeks to impose robust tariffs on Indian ceramic tile imports

Stock Market LIVE Updates: Ahead of his party coming to power, a GOP lawmaker has demanded a robust tariffs on Indian ceramic tile imports claiming that the tile manufacturing industry in his state has been negatively impacted by the unfair and uncompetitive trade practices of Indian exporters, threatening good-paying manufacturing jobs in Tennessee.

 

Tennessee jobs are at risk due to India's unfair and uncompetitive trade practices in the ceramic tile market, Congressman John Rose said after sending a letter in this regard to the outgoing Commerce Secretary Gina Raimondo. READ MORE

 

 

2:50 PM

Stock Market LIVE Updates: Star Cement denies reports of being in talks with Adani Group to be acquired

Stock Market LIVE Updates: Star Cement today denied being in discussions with Adani Group to be acquired by the ports-to-power conglomerate. 

The company, in an exchange filing, said, "With reference to the news item appeared in “Money Control (Adani Group evaluates acquiring Star Cement for expansion in NE)”, we hereby clarify that the above mentioned news item is speculative and the Company is not engaged in any discussions in this regard."

2:45 PM

Stock Market LIVE Updates: This fintech company zoomed over 150% thus far in CY2024; hits new high

Stock Market LIVE Updates: Shares of PB Fintech, which owns online financial services platform, PolicyBazaar hit a new high at Rs 2,017, as they rallied 5 per cent on the BSE in Wednesday’s intra-day trade. Thus far in the calendar year 20-2024 (CY24), the stock price of financial technology (fintech) has zoomed 154 per cent, as compared to 11.8 per cent rise in the BSE Sensex. 

 

PB Fintech made its stock market debut on November 15, 2021, and has seen its market price more-than-double against the issue price of Rs 989 per share. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Uno Minda appoints Vishnu Johri as Group Head-Mfg Excellence, Quality & Industry

Stock Market LIVE Updates: Uno Minda today informed that it has appointed Vishnu Johri as Group Function Head- Manufacturing Excellence, Quality & Industry 4.0. 

The company, in an exchange filing, said, "We would like to inform that the Board of Directors vide its Circular Resolution passed on 04th December 2024, has approved the appointment of Mr. Vishnu Johri as Group Function Head -Manufacturing Excellence, Quality & Industry 4.0 (under the category of Senior Management Personnel) with effect from December 4, 2024."

Johri will be reporting to Ravi Mehra, Deputy Managing Director of the company, it added.

2:23 PM

Stock Market LIVE Updates: Nazara Tech and Lysto sign LOI to launch “The Growth Protocol”

Stock Market LIVE Updates: Nazara and Lysto have signed a Letter of Intent to launch' The Growth Protoco'l, an L1 infrastructure layer, purpose-built for digital marketing and growth applications on the blockchain.

The Growth Protocol is a purpose-built L1 blockchain and a collaboration between Nazara Technologies FZ LLE, a 100 per cent owned subsidiary of Nazara Techologies Limited that is India’s only publicly listed gaming company, and Lysto, the gaming world’s one-stop shop funded by leading VCs like Hashed, SquarePeg, Tiger Global, Distributed Global, Beenext, and prominent angels like Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, Bobby Ong, and T.M. Lee.

2:09 PM

Stock Market LIVE Updates: Ericsson bags multi-year deal from Bharti Airtel for 4G, 5G network upgrade

Stock Market LIVE Updates: As per the filing, Ericsson has won a multi-year, multi-billion extension deal from Bharti Airtel for 4G and 5G RAN products and solutions.

2:04 PM

Stock Market LIVE Updates: Indian steel mills struggle as cheap Chinese imports flood the market

Stock Market LIVE Updates: India's construction boom with its gleaming highrises and multilane highways was supposed to drive up domestic steel sales, but Jogindra Group's mills in northern Punjab state are filled with unsold inventory. READ MORE

2:02 PM

Stock Market LIVE Updates: SBI urges RBI to include non-financial transactions for account status

Stock Market LIVE Updates: Faced with the challenge of ensuring an account remains operative, the State Bank of India (SBI) has written to the Reserve Bank, requesting change in rules, and consider non-financial transactions like balance checking as well for tagging an account as operative. READ MORE

1:59 PM

Stock Market LIVE Updates: Reliance-owned Viacom18 acquires Jiohotstar.com domain name after long wait

Stock Market LIVE Updates: Viacom18 Media Pvt Ltd, a subsidiary of Reliance Industries, now officially owns the domain jiohotstar.com, putting an end to months of legal and commercial disputes. As per the latest WHOis records, Manish Painuly, senior director at Viacom18, is listed as the registrant and administrative contact. READ MORE

1:57 PM

Stock Market LIVE Updates: Wonderla zooms 15% on launching QIP at floor price of Rs 829.74 per share

Stock Market LIVE Updates: Wonderla Holidays shares zoomed 14.5 per cent in Wednesday's trade and logged an intraday high at Rs 947.95 per share. The stock was in demand a day after the company launched its qualified institutional placement (QIP). READ MORE

1:50 PM

Stock Market LIVE Updates: Star Cement soars 14% on heavy volumes; stock rallies 26% in one week

Stock Market LIVE Updates: Shares of Star Cement soared by 14 per cent to Rs 222.95 on the BSE in Wednesday’s intra-day trade amid heavy volumes on expectations of healthy performance going forward. In the past one week, the stock of cement maker has rallied 26 per cent, as compared to less than 1 per cent gain in the BSE Sensex. 

 

At 12:44 pm; Star Cement was trading 9 per cent higher at Rs 213.80, as against a marginal 0.01 per cent rise in the benchmark index. READ MORE

 

1:38 PM

Stock Market LIVE Updates: BoI up 3% after reports suggest bank plans to raise additional Rs 5,000 cr

Stock Market LIVE Updates: Bank of India (IoB) shares gained 3.2 per cent in Wednesday's trade and logged an intraday high at Rs 118.15 per share. The stock climbed after reports suggested that the bank is planning to raise an additional Rs 5,000 crore through infrastructure bonds.

 

Around 12:28 PM, Bank of India share price was up 2.02 per cent at Rs 116.3 per share. In comparison, the BSE Sensex was up 0.15 per cent at 80,967.75. The market capitalisation of the company stood at Rs 52,902 crore. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Alembic Pharma gets tentative US FDA approval for itchy eye solution Olopatadine

Stock Market LIVE Updates: Alembic Pharmaceuticals today announced that it has received tentative approval from the US Food & Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7% (OTC). 

The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Pataday Once Daily Relief Ophthalmic Solution, 0.7%, of Alcon Laboratories, Inc. (Alcon) NDA - 206276, the company said in an exchange filing. 

Olopatadine Hydrochloride ophthalmic solution is used to temporarily relieve itchy eyes due to pollen, ragweed, grass, animal hair and dander. 

Olopatadine Hydrochloride Ophthalmic Solution USP, 0.7% (OTC) has an estimated market size of $22 million for twelve months ending September 2024 according to IQVIA, the company added. 

 

1:18 PM

Stock Market LIVE Updates: Market check - More than 1,500 stocks trade with gains on NSE, around 1,000 decline

Stock Market LIVE Updates: On the National Stock Exchange, 1,587 stocks were trading with gains at around 1:15 PM, while 1,017 stocks were trading lower, and 82 stocks were unchanged.

Apart from that, 93 stocks had hit their 52-week highs on Wednesday's trading session, while 10 had hit their 52-week lows. 

Moreover, 136 stocks had hit the upper circuit and 23 were frozen in lower circuit.

1:12 PM

Stock Market LIVE Updates: Suzlon sizzles: Shares gain over 4% on project deal with Jindal Renewables

Stock Market LIVE Updates: Shares of renewable energy solutions provider Suzlon Energy advanced 4.12 per cent to hit the day’s high of Rs 68.10 on the National Stock Exchange (NSE) during intra-day trade on Wednesday. The uptick in Suzlon’s share price followed the news that the company and Jindal Renewables have expanded their partnership with an additional 302.4 MW wind project.

 

“This second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Last month, Suzlon secured a 400 MW captive wind power project with Jindal Renewables in the same region, highlighting the strategic collaboration between the two companies,” said Suzlon in a release. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty mildly higher after falling into red briefly

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 recovered slighlty after filling into negative territory around noon.

At 1 PM, the BSE Sensex was 135.95 points, or 0.17 per cent higher at 80,981.70, while the Nifty 50 was at 24,477, ahead by 20.15 points, or 0.08 per cent.

 

12:48 PM

Stock Market LIVE Updates: UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging

Stock Market LIVE Updates: Public sector bank (PSB) shares jumped up to 9 per cent in trade on Wednesday, December 4, 2024. At around 11:40 AM, the Nifty PSU Bank index was up 0.92 per cent at 7,041.90. In comparison, the NSE Nifty was up 0.37 per cent at 24,547.15. During the day, Nifty PSU Bank registered an intraday high of 7,078.1. On the index, all 12 stocks advanced.

 

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent, and Punjab & Sind Bank shares were up over 5 per cent. READ MORE

 

12:37 PM

Stock Market LIVE Updates: Mahindra Holidays-operated Club Mahindra adds 100 keys to Kandaghat property

Stock Market LIVE Updates: Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited, today informed that it has added more than 100 keys to its resort at Kandaghat. Apart from that, the company plans to further add 40-plus rooms to the resort by Q1 FY26. 

The company, in an exchange filing, said, "The Company has added more than 100 keys to the resort and will further add 40 plus rooms to the resort by Q1 FY26." 

 

12:25 PM

Stock Market LIVE Updates: Ganesh Infraworld IPO allotment: Check status, GMP, expected listing price

Stock Market LIVE Updates: The basis of allotment of Ganesh Infraworld shares is likely to get finalised today, Wednesday, December 4, 2024. The initial public offering (IPO), which closed its three-day subscription window on Tuesday, December 3, 2024, saw strong investor demand, with a subscription rate of 369 times.

The Rs 98.58 crore SME offering was priced in a range of Rs 78–Rs 83 per share, with a lot size of 1,600 shares. READ MORE

 

12:12 PM

Stock Market LIVE Updates: China impact? HEG stock nears 5-year high, zooms 30% in 2 days

Stock Market LIVE Updates: Shares of HEG hit an over four-year high of Rs 569, surging 14 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. In the past two days, the stock of the graphite electrodes (GE) manufacturer has zoomed 30 per cent on healthy outlook. It was trading at its highest level since January 2019. It had hit a record high of Rs 990 on October 16, 2018.

 

As per media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US. READ MORE