Market Close Highlights: Sensex snubs GDP, US tariff threats, ends 445pts up; Mid, SmallCaps shine

Stock Market Highlights: the NSE Nifty50 settled at 24,276.05, up 144.95 points or 0.6 per cent higher from its previous close. The index traded in the range of 24,301.70-24,008.65 today

3:53 PM

Stock Market Expert Comments: Further gains likely on Nifty on breakout above 24,420

"Nifty moved up after absorbing the initial weakness, as the index surpassed 24,200. It formed a green candle following a bullish harami pattern on the daily timeframe. The RSI has broken out of its recent consolidation and is in a bullish crossover. Additionally, the index continues to sustain above the 21 EMA. In the short term, 24,420 remains a tough hurdle. A decisive move above this level could trigger a rally towards 24,770. On the lower end, support is placed at 24,100 and 24,000."

- Views expressed by Rupak De, Senior Technical Analyst, LKP Securities

3:51 PM

Stock Market Expert Comments: Market rose as core sector output showed signs of recovery

"Despite a slump in the Q2 growth rate, the market maintained a positive bias as the core sector output in October shows signs of recovery. Slowing earnings growth is already factored in the market and mid & small caps are rebounding. However, investors stay marginally cautious ahead of RBI policy this week due to the risk of a cut in GDP forecast. The current inflation dynamics are not favorable for a rate cut in the short-term and the RBI is likely to turn more realistic on its growth projection for FY25."

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

3:45 PM

Stock Market Highlights: Market breadth was fairly positive

Over 500 stocks were locked at the upper circuit on the BSE. READ MORE

 

3:42 PM

Stock Market Highlights: Sectorally, Nifty Realty index was the top gainer, up over 3%

 

3:41 PM

Stock Market Highlights: Broader indcies outperform; MidCap, SmallCap end over 1% higher

 

3:35 PM

Stock Market Highlights: Nifty 50 index gains 145 pts, settles at 24,276

3:33 PM

Stock Market Highlights: Sensex ends 445 pts higher at 80,248

 

3:17 PM

Stock Market LIVE Updates: Rupee update

Stock Market LIVE Updates: USDINR CMP- 84.70 (spot) Indian Rupee touched a fresh record low on Monday on economic data and a strong US Dollar. India’s Q2 FY25 GDP grew by 5.4 per cent vs forecast of 6.8 per cent and 6.7 per cent in Q1 FY25. Friday on strong US Dollar and FII outflows. Dollar demand from importers also weighed on the Rupee. However, positive domestic markets and a correction in crude oil prices cushioned the downside. India’s Manufacturing PMI expanded by 56.5 in November, weaker vs. 57.5 in October and 57.3 expected. US Dollar gained on Donald Trump’s 100 per cent tariff threat on BRICS.

 

We expect Rupee to trade with a negative bias on strong Dollar and FII outflows. A recovery in crude oil prices may also weigh on the Rupee. Donald Trump’s tariff threat may further strengthen the greenback. However, positive domestic markets may support the Rupee at lower levels. Traders may take cues from US ISM manufacturing PMI data. USDINR spot price is expected to trade in a range of Rs 84.50 to Rs 84.95.

 

View By-  Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan

3:15 PM

Stock Market LIVE Updates: 463 stocks hit upper circuit on Monday as MidCaps, SmallCaps outperform

Stock Market LIVE Updates: Shares of Ramco Systems, Goldiam International, Atul Auto, OM Infra, Black Box, Gallantt Ispat, Cochin Shipyard, Refex Industries and EPACK Durable were among 13 stocks from the BSE Smallcap index locked at the 20 per cent upper circuit on the BSE in Monday’s intra-day trade. READ MORE

 

3:01 PM

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

Stock Market LIVE Updates: Having pared their opening losses, Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher.

At 3 PM, the BSE Sensex was at 80,207, higher by 404.59 points, or 0.51 per cent, while the Nifty 50 was at 24,261.85, ahead by 130.75 points, or 0.54 per cent. 

 

2:59 PM

Stock Market LIVE Updates: Swiggy expands 10-minute food delivery service 'Bolt' to over 400 cities

Stock Market LIVE Updates: On-demand convenience platform Swiggy Ltd on Monday said it has expanded its 10-minute food delivery offering, Bolt, to over 400 cities and towns across India.

 

Initially launched in Bangalore, Chennai, Hyderabad, New Delhi, Mumbai, and Pune, Bolt is now active in cities like Jaipur, Lucknow, Ahmedabad, Indore, Coimbatore, and Kochi as well, Swiggy said in a statement. READ MORE

 

2:54 PM

Stock Market LIVE Updates: P&G Hygiene appoints Maithreyi Jagannathan as Category Leader-Personal Health Care

Stock Market LIVE Updates: Procter & Gamble Hygiene and Health Care today informed that it has appointed Maithreyi Jagannathan as the Vice President and Category Leader-Personal Health Care, effective from January 1, 2025, as the incumbent Sahil Sethi completes his tenure in the current role. 

The company, in an exchange filing, said, "We hereby inform that Mr. Sahil Sethi, shall cease to be Category leader, Personal Health Care, effective December 31, 2024, as he completes his tenure in his current assignment. Ms. Maithreyi Jagannathan will take over as Vice President & Category Leader- Personal Health Care effective January 1, 2025."

 

2:50 PM

Stock Market LIVE Updates: No indication of B'desh reviewing power deal: Adani Power amid indictment

Stock Market LIVE Updates: Adani Power said on Monday it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal.
 

Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal. READ MORE

 

2:45 PM

Stock Market LIVE Updates: Govt abolishes windfall tax on crude oil, ATF, petrol, and diesel exports

Stock Market LIVE Updates: The Indian government announced on Monday that it has abolished the windfall tax on aviation turbine fuel (ATF), crude oil, petrol, and diesel, effective immediately. This move marks the end of a levy introduced in July 2022 and aims to provide relief to oil producers and refiners.

 

The decision is expected to benefit major oil players like Reliance Industries and ONGC by boosting their gross refining margins—a measure of profitability in refining crude oil. READ MORE

 

2:41 PM

Stock Market LIVE Updates: Nisus Finance Services IPO opens on Dec 4: Check GMP & other key details

Stock Market LIVE Updates: The initial public offering (IPO) of Nisus Finance Services is set to open for public subscription on Wednesday, December 4, 2024.

At the upper end, the company seeks to raise Rs 114.24 crore from the offering. The bidding for anchor investors is likely to take place on Tuesday, December 3, 2024. READ MORE

 

2:34 PM

Stock Market LIVE Updates: Coal India's total production up by 2% to 471 million tonnes in Apr-Nov

Stock Market LIVE Updates: State-owned CIL's coal production rose by 2.4 per cent to 471 million tonnes (MT) in the April-November period of the current financial year.

 

Coal India Ltd (CIL) produced 460 MT of coal in the year-ago period. CIL accounts for over 80 per cent of the domestic coal production. READ MORE

 

 

2:28 PM

Stock Market LIVE Updates: What led Meghna Infracon Infra share to rally 11%, hit all-time high today?

Stock Market LIVE Updates: Shares of Meghna Infracon Infrastructure Limited soared up to 11.21 per cent to an all-time high of Rs 758.40 per share on Monday, December 2, 2024. 

 

The surge in Meghna Infracon Infrastructure shares came after the company announced the launch, and Bhoomi Poojan of a new residential project, ‘Riviera’ at Goregaon (West), Mumbai. READ MORE

 

2:18 PM

Stock Market LIVE Updates: Nifty Realty gains 2%; Godrej Properties, Oberoi Realty rise up to 4%

Stock Market LIVE Updates: Nifty Realty index gained 2 per cent in trade on Monday, December 2, 2024, after housing prices rose 11 per cent during the September quarter on strong demand. 

 

At around 1:54 PM, Nifty Realty was up 2.8 per cent at 1,020.15. In comparison, the NSE Nifty was up 0.16 per cent at 24,169.10. During the day Nifty Realty registered an intraday high at 1,043.15. On the index, 7 stocks advanced while 3 declined. READ MORE

 

2:07 PM

Stock Market LIVE Updates: Suraksha Diagnostic IPO Day 2: Check subscription status, GMP, and more

Stock Market LIVE Updates: The initial share sale of healthcare services provider Suraksha Diagnostic, which opened for public subscription on Friday, November 29, 2024, has so far received a muted response from investors. 

 

Available at a price band of Rs 420-441 per share, Suraksha Diagnostic IPO has received bids for 23,80,408 shares against the 1,34,32,533 shares on offer, resulting in a subscription of 0.18 times as of 11:15 AM on Monday, December 2, 2024, according to data available on the National Stock Exchange (NSE). READ MORE

 

2:01 PM

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

Stock Market LIVE Updates: Having pared their opening losses, Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher.

At 2 PM, the BSE Sensex was at 80,085, higher by 282.89 points, or 0.35 per cent, while the Nifty 50 was at 24,224.45, ahead by 93.35 points, or 0.39 per cent. 

 

1:51 PM

Stock Market LIVE Updates: Govt scraps windfall tax on ATF, crude, petrol and diesel products: Reports

Stock Market LIVE Updates: The Centre has scrapped the windfall tax on Aviation Turbine Fuel (ATF), crude products, petrol and diesel products, as per reports

1:47 PM

Stock Market LIVE Updates: Atul Auto's total sales up 24.6% at 2,828 units in Nov

Stock Market LIVE Updates: In its monthly update, Atul Auto said its total sales grew 24.6 per cent at 2,828 units as compared to 2,270 units year-on-year (Y-o-Y) and its total domestic sales was up 19.4 per cent at 2,535 units as compared to 2,123 units year-on-year (Y-o-Y).

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1:43 PM

Stock Market LIVE Updates: Anant Raj stock zooms 6% on December 2; Emkay initiates coverage with 'Buy'

Stock Market LIVE Updates: Real estate firm Anant Raj shares were in demand on Monday, December 2, 2024, as the scrip jumped up to 5.71 per cent to hit an intraday high of Rs 715 per share. READ MORE 

1:41 PM

Stock Market LIVE Updates: Sudarshan Chemical to consider fund raising on Dec 5

Stock Market LIVE Updates: The comapny's board will consider fund raising in a meeting on December 5.

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1:37 PM

Stock Market LIVE Updates: This BSE listed microcap stock has zoomed 1800% in seven months

Stock Market LIVE Updates: Shares of EPIC Energy (EPIC) continued their upward movement, hitting a multi-year high at Rs 121.85, and were frozen at the 2 per cent upper circuit on the BSE in Monday’s intra-day trade. READ MORE 

1:34 PM

Stock Market LIVE Updates: Adani investor GQG's shares down by 13% after analyst downgrades stock

Stock Market LIVE Updates: Shares of Australian-listed boutique investment firm GQG Partners, a prominent investor in the Adani Group, fell 13 per cent on Monday after Swiss bank UBS downgraded the stock. According to Reuters, UBS said GQG Partners may have lost A$600 million ($390 million) in funds in the two days after the US Department of Justice levelled bribery charges against Gautam Adani and seven other company associates. READ MORE

1:33 PM

Stock Market LIVE Updates: JSW plans entry into EV market, to launch in-house electric vehicle brand

Stock Market LIVE Updates: India’s steel giant JSW Group plans to enter the electric vehicle (EV) market under its brand, as per reports. In an interview, Chairman Sajjan Jindal signalled JSW's aim to establish itself as a key player in India’s growing EV industry. READ MORE

1:31 PM

Stock Market LIVE Updates: NMDC's production up 17% 4.51 mt in Nov

Stock Market LIVE Updates: NMDC through its filing revealed that its production grew 17 per cent at 4.51 mt as compared to 3.84 mt year-on-year (Y-o-Y) in November. 

1:25 PM

Stock Market LIVE Updates: NBFC's assets growth to sharply decline to 15-17% in FY25 and FY26

Stock Market LIVE Updates: The growth in assets of non-banking finance companies (NBFCs) in India is expected to moderate to 15-17 per cent year-on-year (YoY) in the current year (FY25) and next financial year (FY26), down from 23 per cent in FY24. READ MORE 

1:22 PM

Stock Market LIVE Updates: Tata Sons chairman calls for aggressive growth despite market challenges

Stock Market LIVE Updates: Tata Sons Chairman N Chandrasekaran has reportedly asked the CEOs of group companies to prioritise aggressive growth despite increasing uncertainties in domestic and global markets. READ MORE