Stock Market Highlights: Sensex ends flat at 81,510, Nifty at 24,610; Adani Group shares dip

Markets Highlights: Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent

4:01 PM

Stock Market Highlights LIVE Updates: A break below 24,470 could trigger a correction

The Nifty experienced another lackluster trading session, remaining confined within the range of 24,500 to 24,650. The sentiment is likely to stay sideways in the near term unless the index makes a decisive move beyond this range. A break below 24,470 could trigger a correction of 200 to 250 points, while resistance is seen at 24,700 to 24,750.

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

3:58 PM

Stock Market Highlights LIVE Updates: Despite consolidation, buoyancy in mid-smallcaps is encouraging

Markets remained range-bound for another session, closing nearly unchanged as the recent rebound paused. After a flat opening, the Nifty index drifted lower during the first half of the session, but a swift recovery in select heavyweights erased the losses, ultimately closing at 24,610.05. 
 

Sectorally, performance was mixed, with realty and IT leading the gains, while energy and pharma lagged. Amidst this, the broader indices managed to end marginally in the green, reflecting underlying resilience. 
 

Despite the consolidation, the continued buoyancy in midcap and smallcap stocks is encouraging. Additionally, rotational participation across most sectors is sustaining the positive sentiment during this phase. Traders should maintain a stock-specific approach, focusing on long positions unless Nifty decisively breaks below the 24,300 level.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)

 

3:50 PM

Stock Market Highlights LIVE Updates: Shriram Finance, Bajaj Finserv, HCL Tech advance on NSE

Shriram Finance, Bajaj Finserv, and HCL Tech were among the top five gainers on the NSE.

3:47 PM

Stock Market Highlights LIVE Updates: Nifty Realty, IT, PSU Bank lead among sectors

Among sectors, Nifty Realty, IT, and PSU Bank were the top gainers. 

3:43 PM

Stock Market Highlights LIVE Updates: Broader indices end in green

The  BSE MidCap index rose 0.30 per cent while the BSE SmallCap index advanced by 0.33 per cent.

3:39 PM

Stock Market Highlights LIVE Updates: Heatmap check

Bajaj Finserv, HCL Tech, and SBI were among the 15 stocks that ended in green on the BSE Sensex on Tuesday.

3:38 PM

Stock Market Highlights LIVE Updates: Nifty closes listless at 24,610

NSE's Nifty50 closed at 24,610 level, down 9 points or 0.04 per cent.

3:34 PM

Stock Market Highlights LIVE Updates: Sensex ends flat at 81,510

Stock Market Highlights LIVE Updates: The BSE Sensex closed flat at 81,510

3:17 PM

Stock Market LIVE Updates: NAM India surges 9%, hits new high; market cap touches Rs 50,000 crore

Shares of Nippon Life India Asset Management Company (NAM India) hit a new high of Rs 803.95, as they surged 9 per cent on the BSE in Tuesday’s intra-day trade, extending its past two day up move, in an otherwise weak market. In the last three days, the stock price of NAM India has soared 14 per cent. Read more

3:07 PM

Stock Market LIVE updates: 3 PM market update

At around 3 PM, the BSE Sensex was at 81,499.91, lower by 8 points, or 0.01 per cent, while the Nifty 50 was at 24,596.80, behind by 22 points, or 0.09 per cent.

 

2:54 PM

Stock Market LIVE Updates: Toss The Coin IPO opens: GMP up 110%; Check price band, lot size, more

Stock Market LIVE Updates: The unlisted shares of the marketing consulting company Toss The Coin were commanding a solid premium in the grey market ahead of the launch of its initial public offering (IPO) today, Tuesday, December 10, 2024.

Sources tracking grey market activities revealed that Toss The Coin shares were trading at Rs 382 apiece, reflecting a grey market premium (GMP) of Rs 200 or 109.89 per cent per share against the upper end of the IPO price band of Rs 182. READ MORE

 

2:49 PM

Stock Market LIVE Updates: Equity mutual funds inflow drops 14% to Rs 35,943 crore in Nov: Amfi data

Stock Market LIVE Updates: Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility driven by various macroeconomic factors, geopolitical events and US election results.

 

Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday. READ MORE

 

2:43 PM

Stock Market LIVE Updates: Corporate India note strongest hiring outlook globally for Jan-Mar: Survey

Stock Market LIVE Updates: Employers in India reported the strongest employment outlook for the January-March period next year, with 40 per cent corporates aiming to increase their staffing levels over the next three months, the latest ManpowerGroup Employment Outlook Survey said on Tuesday.

 

The survey, which gathered data from more than 3,000 employers across various regions of India, revealed that 53 per cent of employers plan to hire, while 13 per cent anticipate a decrease in their staffing levels in the the first quarter of the 2025 calendar year and 31 per cent do not expect any change. READ MORE

 

2:39 PM

Stock Market LIVE Updates: This public sector co's stock soared 43% in 3 days; zoomed 84% in 5 weeks

Stock Market LIVE Updates: ITI share price hit a new high of Rs 403.75, as they surged 9 per cent on the BSE in Tuesday’s intra-day trade, extending their past two days' rally amid heavy volumes on a healthy outlook. In three days, the stock of the public sector undertaking (PSU) company has soared 43 per cent. It surpassed its previous high of Rs 384.35 that it touched on January 17, 2024.

 

At 01:37 PM, ITI shares were trading 6 per cent higher at Rs 392.15, as compared to the 0.27 per cent decline in the BSE Sensex. The average trading volumes on the counter had jumped nearly three-fold. READ MORE

 

2:28 PM

Stock Market LIVE Updates: RBI okays Burman Family's open offer for Religare Enterprises; stock up 10%

Stock Market LIVE Updates: Religare Enterprises share price hit a 52-week high of Rs 304.30, surging 10 per cent on the BSE in Tuesday's intraday trade, after the Reserve Bank of India (RBI) approved Burman family's plan to raise their stake in the company from 25 per cent to 51 per cent via an open offer.

 

The stock surpassed its previous high of Rs 297, which it touched on October 1, 2024. Thus far in the month of December, Religare Enterprises share price has rallied 25 per cent. At 01:31 PM, the stock was trading 4.5 per cent higher at Rs 290.15 as compared to 0.24 per cent decline in the BSE Sensex. READ MORE

 

 

2:17 PM

Stock Market LIVE Updates: 'SIP inflows growing consistently is good sign from retail investment perspective'

Stock Market LIVE Updates: “The mutual fund industry assets under management in November 2024 has grown to Rs 68.08 lakh crores from Rs 67.25 lakh crores in October 2024. AUM under open ended equity-oriented schemes have grown by 1.56 per cent in November. In terms of folios, multi cap funds (equity) and multi asset allocation funds (hybrid) have seen an increase to the tune of 3 per cent in November. In terms of net flows in the equity category, thematic funds have witnessed highest inflows of more than Rs 7,000 crore. 

The Indian mutual fund industry has experienced significant growth during the last five years. SIP inflows are consistently growing which is a very good sign from a retail investment perspective. The ratio of Assets Under Management (AUM) of mutual funds to India's GDP is around 18.1 per cent which is significantly lower than the global average. 

Investors should always consider appropriate asset allocation based on their risk profile and financial needs and should remain patient when the markets are volatile. In the end, time spent in the market is more important than timing the market.”

Views by: Hitesh Thakkar, Acting CEO, ITI Mutual Fund

 

2:09 PM

Stock Market LIVE Updates: Investors urge RBI to let state govt debt be sold as zero-coupon bonds

Stock Market LIVE Updates: Investors urged the Reserve Bank of India to allow state government debt to be turned into zero-coupon bonds, according to people familiar with the matter.

 

Insurers led the demand for the Separate Trading of Registered Interest and Principal of Securities (STRIPS) facility in state bonds at a recent meeting with the central bank, the people said, asking not be identified discussing private matters. At present, the RBI provides this feature only for federal debt. READ MORE

 

 

2:06 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 Tuesday.

At around 2 PM, the BSE Sensex was at 81,246.67, lower by 261.79 points, or 0.32 per cent, while the Nifty 50 was at 24,531.90, behind by 87.10 points, or 0.35 per cent.

 

2:02 PM

Stock Market LIVE Updates: IGL gains 2% after board approves bonus issue, increasing autorised capital

Stock Market LIVE Updates: Indraprastha Gas (IGL) shares rose 2.2 per cent on BSE in Tuesday's trade. The stock gained after the company's board approved an increase in the authorised share capital and issuance of bonus shares. READ MORE 

1:59 PM

Stock Market LIVE Updates: Bharat Electronics secures Rs 634-crore order; share price gains

Stock Market LIVE Updates: In an exchange filing, BEL said, “Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs 634 Crores since the last disclosure on November 8, 2024.” READ MORE 

1:57 PM

Stock Market LIVE Updates: Stride Ventures announces surpassing $1 billion in venture debt commitments

Stock Market LIVE Updates: Stride Ventures, a leading venture debt firm, said it has surpassed $1 billion in venture debt commitments, becoming the first Indian fund in this segment to achieve this scale. READ MORE 

1:54 PM

Stock Market LIVE Updates: Juniper Green signs pact to procure 1GW solar modules from First Solar

Stock Market LIVE Updates: Juniper Green Energy on Tuesday said it has signed a pact with First Solar for the procurement of 1 GW of solar modules. READ MORE 

1:50 PM

Stock Market LIVE Updates: Economists react to India's new central bank chief announcement

Stock Market LIVE Updates: India appointed career civil servant Sanjay Malhotra as its new central bank governor on Monday in a surprise move that leaves markets guessing about the future direction of monetary policy, as growth slows and high inflation persists. READ MORE 

1:40 PM

Stock Market LIVE Updates: Sharekhan bearish on crude oil due to oversupply; expects prices to dip

Stock Market LIVE Updates: Crude prices moved higher Monday on the prospects for additional stimulus measures in China that could revive economic growth and energy demand. READ MORE 

1:36 PM

Stock Market LIVE Updates: Raymond rallies 12% on heavy volumes; stock soars 37% from 52-week low

Stock Market LIVE Updates: Shares of Raymond have moved higher by 12 per cent to Rs 1,812.80 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade amid heavy volumes. After the demerger of its lifestyle business on July 11, 2024, Raymond currently holds the real estate and engineering business segments under its umbrella. READ MORE

1:29 PM

Stock Market LIVE Updates: Toss The Coin IPO opens: GMP up 110%; Check price band, lot size, more

Stock Market LIVE Updates: The unlisted shares of the marketing consulting company Toss The Coin were commanding a solid premium in the grey market ahead of the launch of its initial public offering (IPO) today, Tuesday, December 10, 2024.

Sources tracking grey market activities revealed that Toss The Coin shares were trading at Rs 382 apiece, reflecting a grey market premium (GMP) of Rs 200 or 109.89 per cent per share against the upper end of the IPO price band of Rs 182. READ MORE

 

1:22 PM

Stock Market LIVE Updates: Adani seeks new lifeline for troubled power plant amid B'desh pay backlog

Stock Market LIVE Updates: Adani Power Ltd is seeking fresh concessions from New Delhi for its $2 billion coal-fired plant in eastern India, which is currently struggling with a payments backlog from Bangladesh, the only buyer of its electricity.

 

In August, India’s power ministry allowed Adani to sell electricity from the plant into India, but its location in a designated special economic zone, or SEZ, is hampering those domestic sales, people familiar with the matter said. READ MORE

 

1:20 PM

Stock Market LIVE Updates: Waaree Energies shares climb 7% on order win for supplying solar modules

Stock Market LIVE Updates: Shares of Waaree Energies surged 7.18 per cent at Rs 3,184.95 per share on the BSE in Tuesday’s intraday trade. This came after the company received an order for supply of solar modules up to 1 GW from a customer engaged in the business of owning, developing and operating renewable power projects in India, the company said in an exchange filing on Monday. 

 

The company further stated that the supply of solar modules is scheduled to commence in FY2024-25 and FY2025-2026. READ MORE

 

1:08 PM

Stock Market LIVE Updates: Govt mandates use of locally-made solar cells from 2026 to curb imports

Stock Market LIVE Updates: Indian clean energy firms will be required to use solar photovoltaic (PV) modules from cells made locally by a government-approved list of companies from June 2026, in a move to curb imports from top supplier China.

 

India already requires the use of locally-made PV modules in government projects from an approved list of domestic manufacturers, and authorities have now extended this rule to solar cells as well. READ MORE

 

 

1:07 PM

Stock Market LIVE Updates: LG Electronics India IPO: Strengths, weaknesses, and key details from DRHP

Stock Market LIVE Updates: In less than two months after auto giant Hyundai India went public with India's largest-ever IPO, another South Korean company is planning to debut in the India stock market by divesting its stake through an initial public offering (IPO).

 

The consumer durables giant, LG Electronics, has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for the IPO plans of its subsidiary, LG Electronics India. READ MORE