Stock Market Crash Highlights: Sensex sheds 964pts, Nifty ends at 24,951; Banking, IT shares dip

Markets Today: Broader markets also mirrored the benchmarks, with Nifty Midcap100 and Nifty Smallcap100 indices ending lower by 0.28 per cent and 0.51 per cent, respectively

4:17 PM

Stock Market Updates: 'Nifty's next key support lies at around the 23,700 levels'

"The market extended its decline for another session, losing nearly 1 per cent, primarily driven by weak global cues. The Nifty opened with a downside gap, testing the support zone near the previous swing low of 23,850 in early trades. It then moved in a narrow range throughout the session before closing at 23,941 on the weekly expiry day. 

 

Profit-taking is evident in previously strong sectors like banking and IT, as other sectors remain significantly beaten down. The next key support lies at the 200-day exponential moving average (DEMA) around the 23,700 level. A break below this could lead to further downside for the index.  Despite the weakness, oversold conditions and resilience in select pockets present buying opportunities. Traders are advised to align their positions carefully, with an emphasis on prudent stock selection."

 

Views By: Ajit Mishra – SVP, Research, Religare Broking

3:59 PM

Stock Market Highlights LIVE Updates: Bajaj Finserv, JSW Steel fall on NSE

Bajaj Finserv, JSW Steel and Bajaj Finance were among the top losers on NSE.

3:56 PM

Stock Market Highlights LIVE Updates: Nifty Pharma, Healthcare outperform

Nifty Pharma, and Nifty Healthcare outperformed among sectors on Thursday.

3:41 PM

Stock Market LIVE Updates: Market declined after US Fed’s hawkish stance on interest rates

Stock Market LIVE Updates: The Indian market saw a widespread decline following a global sell-off driven by the US Fed’s hawkish stance on interest rates. Sectors sensitive to interest rates, such as banking and real estate, significantly bore the brunt.

However, the BoJ's decision to keep its interest rate steady, which surprised economists, aided in reducing the selling pressure. Despite this, investor caution persisted amid ongoing FII selling, with a strategic shift towards defensive sectors like pharma as evidenced by their outperformance.

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

3:40 PM

Stock Market LIVE Updates: Broader market indices follow headline index's suit and end in red

Stock Market LIVE Updates: Nifty Midcap 100 and Smallcap 100 slipped by 0.28 per cent or 0.51 per cent  respectively at close. 

3:38 PM

Stock Market LIVE Updates: A glance at top gainers and loser on BSE at close

Stock Market LIVE Updates: Bajaj Finserv, Bajaj Finance,JSW Steel were among the biggest laggards on Sensex.

 

3:36 PM

Stock Market LIVE Updates: Nifty tanks 247.15 points at 23,951.70 during close

Stock Market LIVE Updates: At close, NSE Nifty declined 247.15 points or 1.02 per cent at 23,951.70.

 

3:35 PM

Stock Market LIVE Updates: Sensex closes 964.15 points lower at 79,218.05

Stock Market LIVE Updates: At close, BSE Sensex slipped 964.15 points or 1.20 per cent at 79,218.05.

 

3:25 PM

Stock Market LIVE Updates: NTPC Green arm's 30 MW Gujarat Solar PV Project declared on commercial operation

Stock Market LIVE Updates: "We wish to inform you that on the basis of certificate dated 18.12.2024 issued by Gujarat Energy Development Agency, second part capacity of 30 MW out of 150 MW Gujarat Solar PV Project in Mesanka, Gujarat of NTPC Renewable Energy Limited (NTPC REL), a stepdown subsidiary of NTPC Limited through its subsidiary NTPC Green Energy Limited, is declared on Commercial Operation w.e.f. 11.12.2024," the filling read. 

3:18 PM

Stock Market LIVE Updates: Rajnish Wellness' board withdraw right issue

Stock Market LIVE Updates: "With reference to the Outcome of the Board of Directors' Meeting dated July 28, 2023, where the Board had approved the proposal to raise Rs. 49.90 Crores through a Rights Issue of Equity Shares, we wish to inform you that after further internal discussions and deliberations, the Rights Issue Committee has decided to withdraw the original rights issue proposal," the filing read. 

3:18 PM

Stock Market LIVE Updates: Senores Pharmaceuticals IPO zooms 38% ahead of launch; key details from RHP

Stock Market LIVE Updates: The unlisted shares of Senores Pharmaceuticals commanded a strong premium in the grey market ahead of the launch of their initial public offering (IPO) scheduled for Friday, December 20, 2024. Sources tracking unofficial markets revealed that Senores Pharmaceuticals unlisted shares were trading at Rs 541 apiece, reflecting a grey market premium (GMP) of Rs 150, or 38.36 per cent, against the upper end of the IPO price of Rs 391. READ MORE

3:15 PM

Stock Market LIVE Updates: Anupam Finserv's board approves rights issue of 11,56,37,500 shares

Stock Market LIVE Updates: The board of Anupam Finserv approved rights issue of 11,56,37,500 shares with face value of Rs 1 each, for an aggregate amount not exceeding Rs 20,23,65,625.

 

3:01 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday, tracking the decline on Wall Street following the US Fed's hawkish commentary.

At 3 PM, the BSE Sensex was down 962.07 points, or 1.20 per cent at 79,220.13, and the Nifty 50 was at 23,94.80, down 250.05 points, or 1.03 per cent.

 

2:51 PM

Stock Market LIVE Updates: Zomato m-cap pips that of Tata Motors, Bajaj Auto; analysts stay bullish

Stock Market LIVE Updates: Food delivery and quick-commerce service app, Zomato now commands a market-capitalisation higher than automobile stalwarts Tata Motors and Bajaj Auto.

 

At 1:05 PM, Zomato stood with a market-cap (m-cap) of Rs 2.79 trillion with the shares trading 0.9 per cent lower at Rs 289.25 per share. By comparison, Tata Motors’ m-cap stood at Rs 2.75 trillion, while that of Bajaj Auto was Rs 2.49 trillion on the BSE. READ MORE

 

 

2:46 PM

Stock Market LIVE Updates: Prism Johnson's cement business division goes live with Ramco ERP suite

Stock Market LIVE Updates: Prism Johnson today informed that it has successfully gone live with the Ramco ERP Suite for its Cement Division. 

The company, in an exchange filing, said, this digital transformation leverages Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency.

The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM), it added. 

 

2:40 PM

Stock Market LIVE Updates: Abbott India share rises 3% as JPMorgan ups target to Rs 31,500; details

Stock Market LIVE Updates: Shares of Abbott India, the most expensive pharmaceutical stock in the Indian market, rose up to 2.72 per cent to hit an intraday high of Rs 28,900 per share on BSE, on Thursday, December 19, 2024. READ MORE

2:38 PM

Stock Market LIVE Updates: This Aditya Birla Group stock surged 17% today; up 74% so far in December

Stock Market LIVE Updates: Aditya Birla Money shares hit a record high of Rs 289, as they surged 17 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes in an otherwise weak market. Thus far in the month of December, the stock of this Aditya Birla Group company has zoomed 74 per cent, as compared to a marginal 0.32 per cent rise in the BSE Sensex. Since October 8, 2024, it skyrocketed 119 per cent from the level of Rs 132.25 on the BSE. READ MORE

2:31 PM

Stock Market LIVE Updates: JSW Infra aims for 400 mtpa capacity with capex of Rs 30k crore by FY30

Stock Market LIVE Updates: JSW Infrastructure (JSW Infra) is aiming to expand its cargo handling capacity by 2.4 times to 400 million tonnes per annum (mtpa) by the financial year 2030 (FY30). The company has planned an estimated capex of Rs 30,000 crore over FY25-30 for the same, as per its stock exchange filing. READ MORE

2:28 PM

Stock Market LIVE Updates: Adani unveils new campaign as it looks to bounce back from US indictment

Stock Market LIVE Updates: Billionaire Gautam Adani's conglomerate on Thursday unveiled a new version of its 'Hum Karke Dikhate Hai' campaign as it looks to bounce back from the damning indictment by the US authorities in an alleged bribery case. READ MORE

2:23 PM

Stock Market LIVE Updates: Private investment in Indian real estate up 32% to $4.15 bn: Knight Frank

Stock Market LIVE Updates: Indian real estate attracted $4.15 billion of private equity (PE) investments this calendar year, up 32 per cent annually, led by higher inflow in the housing segment, according to Knight Frank India. READ MORE 

2:09 PM

Stock Market LIVE Updates: Gulshan Polyols jumps 6% on securing PLI benefits for Goalpara plant

Stock Market LIVE Updates: Shares of Gulshan Polyols rallied up to 5.65 per cent at Rs 185.10 per share on the BSE in Thursday’s intraday deals. Gulshan Polyols share price surged after the company received a production-linked incentive (PLI) of Rs 2 per litre for bio-ethanol with its Goalpara plant being the key beneficiary. READ MORE

 

 

2:01 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday, tracking the decline on Wall Street following the US Fed's hawkish commentary.

At 2 PM, the BSE Sensex was down 938.96 points, or 1.17 per cent at 79,243.24, and the Nifty 50 was at 23,959.20, down 239.65 points, or 0.99 per cent.

 

1:55 PM

Stock Market LIVE Updates: Why this smallcap specialty chemicals stock zoomed 57% in 4 days? Details

Stock Market LIVE Updates: Shares of Fairchem Organics (Fairchem) rallied 12 per cent to Rs 1,307 on the BSE in Thursday’s intra-day trade, extending its past three day’s upward movement, in an otherwise weak market. Thus far in the current week, in four days, the stock price of this smallcap specialty chemicals company has zoomed 57 per cent from Rs 832.40 on Friday, December 13.

 

At 11:39 AM, Fairchem was trading 10 per cent higher at Rs 1,274.25, as compared to the 1.06 per cent decline in the BSE Sensex. The stock had hit a 52-week high of Rs 1,552 on July 3. READ MORE

 

1:44 PM

Stock Market LIVE Updates: OLX India launches travel booking feature in partnership with EaseMyTrip

Stock Market LIVE Updates: EaseMy Trip, operated by Easy Trip Planners, today informed that leading online classifieds platform OLX India has made a strategic partnership with EaseMyTrip to introduce a dedicated ‘Travel’ section on the OLX platform curated by EaseMyTrip. 

This section will enable users to seamlessly book flights, hotels, and holiday packages, the company said in an exchange filing.

Through this partnership, EaseMyTrip will be able to deliver value driven travel solutions to 35 million of OLX’s Monthly- Active-Users (MAU).

 

1:36 PM

Stock Market LIVE Updates: Shoppers Stop advances 5% as various fund houses buy stake via block deals

Stock Market LIVE Updates: Shoppers Stop shares gained 5 per cent in Thursday's trade, logging an intraday high at Rs 667.35 per share on BSE. The buying in the stock sparked after various fund houses bought stake in the company after Amazon exited via block deals.

 

Around 11:46 AM, Shoppers Stop share price was up 2.90 per cent at Rs 653.85 per share on BSE. In comparison, the BSE Sensex was down 1.08 per cent at 79,320.06. The market capitalisation of the company stood at Rs 7,193.05 crore. READ MORE

 

 

1:26 PM

Stock Market LIVE Updates: Nomura's upgrade to 'Buy' lifts Dr Reddy's share over 4% in weak market

Stock Market LIVE Updates: Pharmaceutical giant Dr Reddy’s Laboratories (Dr Reddy’s Labs) shares were buzzing in trade on Thursday, December 19, 2024, as the scrip jumped as much as 4.34 per cent to hit an intraday high of Rs 1,330.45 apiece, in an otherwise weak market.

 

However, at 12:00 noon, Dr Reddy’s share was trading 3.77 per cent higher at Rs 1,323.15 per share. In comparison, BSE Sensex was bleeding, down 1.12 per cent or 896.41 points at 79,285.79 levels. READ MORE

 

 

1:14 PM

Stock Market LIVE Updates: Equities to see muted returns in 2025, Gold a better bet: Sandip Raichura

Stock Market LIVE Updates: Return of trade war concerns, geopolitical tensions, and stretch valuations back home, have cast a blow on Indian stock markets over the past few months. Come 2025, Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital - Prabhudas Lilladher, believes India equity markets may see moderate returns.

 

In an email conversation with Business Standard,Raichura said volatility may remain high over the medium-term and it is difficult to gauge market trajectory at this point. READ MORE

 

 

1:05 PM

Stock Market LIVE Updates: DAM Capital Advisors IPO crosses halfway mark; Check latest GMP, review

Stock Market LIVE Updates: The initial public offering (IPO) of investment banking services provider DAM Capital Advisors, which opened for public subscription today, has received an enthusiastic response from investors, crossing the halfway mark in less than two hours of opening.

 

The DAM Capital Advisors IPO has received bids for 1,12,92,127 shares against 2,08,04,632 on offer, resulting in a subscription of 0.54 times as of around 11:20 AM on Thursday, December 19. READ MORE

 

1:03 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday, tracking the decline on Wall Street following the US Fed's hawkish commentary.

At 1 PM, the BSE Sensex was down 893.39 points, or 1.11 per cent at 79,288.81, and the Nifty 50 was at 23,970.55, down 228.30 points, or 0.94 per cent.

 

12:52 PM

Stock Market LIVE Updates: Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows

Stock Market LIVE Updates: Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday’s intra-day trade after a sharp correction in the equity markets.

 

Aarti Industries, Chennai Petroleum Corporation, CreditAccess Grameen, Network18 Media & Investments, Procter & Gamble Hygiene & Health Care, and Prince Pipes and Fittings, from the index also hit their respective 52-week lows. These stocks were down up to 3 per cent on the BSE in intra-day trade today. READ MORE