Stock Market Highlights: Benchmarks end 5-day losing streak; Sensex soars 498pts, Nifty above 23,750

Stock Market Highlights: The BSE Sensex climbed 0.64 per cent or 498.58 points to settle at 78,540.17 while NSE's Nifty50 rallied 0.95 per cent or 165 points to close at 23,753.45 levels

4:12 PM

Stock Market LIVE Updates: Technical view

The index has formed a bullish Harami Cross pattern on the daily chart, indicating a potential rise in market optimism. Besides, the index closed above the 200-EMA. Going forward, a decisive move above 23,850 could trigger a smart recovery towards 24,000/24,400.

On the downside, support is placed at 23,540; a breach below this level may lead to further weakness in the index.

View By: Rupak De, Senior Technical Analyst, LKP Securities

 

3:55 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Indian market demonstrated optimism following the recent sell-off. The lower-than-expected US PCE print bolstered investor sentiment in interest rate-sensitive sectors. Broad-based buying was observed, with the metals sector notably benefiting from the anticipated increase in steel import taxes. Despite the positive market sentiment, the short-term outlook is expected to remain sideways due to a lack of new catalysts and the impact of the festive season and holidays.

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

3:54 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap closed in green and Smallcap settled in red. 

 

3:49 PM

Stock Market LIVE Updates: A glance at Nifty gainers and loser at close

Stock Market LIVE Updates: JSW Steel, ITC, Hindalco among top gainers on NSE

 

3:44 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: ITC, Tech Mahindra, HDFC Bank were among the top gainers on Sensex. Here is a heatmap 

 

 

3:38 PM

Stock Market LIVE Updates: Nifty finishes 165.95 pts higher at 23,753.45

Stock Market LIVE Updates: NSE Nifty closed 165.95 points or 0.7 per cent higher at 23,753.45.

 

 

3:35 PM

Stock Market LIVE Updates: Sensex closes 498.58 pts higher at 79,540.17

Stock Market LIVE Updates: BSE Sensex closed 498.58 points or 0.64 per cent higher at 79,540.17.

3:27 PM

Stock Market LIVE Updates: Last Day! Concord Enviro IPO closes today: Subscription soars 7x, GMP up 7%

Stock Market LIVE Updates: The unlisted shares of Concord Enviro Systems, whose initial public offering (IPO) is set to close for subscription today, continue to trade at a premium in the grey market on Monday, December 23, 2024. Concord Enviro’s unlisted shares were trading at Rs 751 apiece, reflecting a grey market premium (GMP) of Rs 50, or 7.13 Rs per cent, against the upper end of the IPO price band of Rs 701, according to sources tracking unofficial markets. READ MORE

3:24 PM

Stock Market LIVE Updates: Mazagon Dock share up over 2% on delivering two warships to Indian Navy

Stock Market LIVE Updates: Shares of Mazagon Dock inched higher in trade on Monday, December 23, 2024, as the stock rose up to 2.39 per cent to hit an intraday high of Rs 4,838.70 apiece. READ MORE

3:19 PM

Stock Market LIVE Updates: This Mukul Agrawal portfolio stock soared 123% in 6 mths; up 647% in 2 yrs

Stock Market LIVE Updates: Shares of Pearl Global Industries (PGIL) hit a new high of Rs 1,422.05, surging 9 per cent on the BSE in Monday’s intra-day trade in otherwise weak broader market. The share price of smallcap garments and apparels company surpassed its previous high of Rs 1,360.75 touched on December 17, 2024. READ MORE

3:15 PM

Stock Market LIVE Updates: Amber Enterprises surges 13%; records sharpest intra-day rally in 2 months

Stock Market LIVE Updates: Shares of Amber Enterprises India (Amber) moved higher by 13 per cent to Rs 6,881.10 on the BSE in Monday’s intra-day trade, its sharpest intra-day rally in two months, amid heavy volumes. READ MORE 

3:11 PM

Stock Market LIVE Updates: Upcoming IPO: Agrochemical company GSP Crop Science files DRHP with Sebi

Stock Market LIVE Updates: Ahmedabad-based agrochemical company GSP Crop Science is planning to go public, as it has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (Sebi). The Initial Public Offering (IPO) comprises a mix of a fresh issue of shares worth around Rs 280 crore, and 6 million equity shares offered by promoter selling shareholders, with a face value of Rs 10 apiece. READ MORE

 

2:56 PM

Stock Market LIVE Updates: Reliance Industries shares surge after subsidiary acquires stake in HAGI

Stock Market LIVE Updates: Shares of India’s biggest private company Reliance Industries surged up to  1.74 per cent at Rs 1,227 a piece on the BSE in Monday’s intraday trade. This came after Reliance Industries wholly owned subsidiary, Reliance Digital Health on December 20, 2024 entered into definitive agreements to acquire a 45 per cent equity stake on a fully diluted basis in Health Alliance Group Inc. for an aggregate consideration of $10 million.

 

HAGI is a US-based healthcare company incorporated on December 21, 2023 as a Delaware corporation. It specializes in designing technology driven solutions for the underserved in the United States, India and rest of the world, Reliance Industries said in an exchange filing on Saturday. READ MORE

 

2:39 PM

Stock Market LIVE Updates: Sanathan Textiles IPO day 3: Check subscription status, GMP, & other detail

Stock Market LIVE Updates: The initial public offer (IPO) of Sanathan Textiles, which opened for public subscription on Thursday, December 19, 2024, has so far received a strong response on the final day. Around 12:18 PM, on Monday, December 23, 2024, the public offer received a total bid of 4,28,35,154 shares against the offer of 1,26,22,950 shares, resulting in a subscription of 3.39 times, according to data available on the National Stock Exchange (NSE).

 

In the grey market, the unlisted shares of Sanathan Textiles were trading at Rs 362 apiece, as per sources, commanding a grey market premium (GMP) of 12.77 per cent or Rs 41 per share, over the upper end of the IPO price band of Rs 321 per share. READ MORE

 

 

2:30 PM

Stock Market LIVE Updates: Shriram Finance shares rise 3% as board fixes record date for stock-split

Stock Market LIVE Updates: Non Banking Financial Company (NBFC) Shriram Finance share rose up to 2.86 per cent to hit an intraday high of Rs 2,953.90 apiece. 

 

The uptick in Shriram Finance share price came after the company announced that it has fixed January 10, 2025 as the ‘Record Date’ for stock-split. READ MORE

 

 

2:23 PM

Stock Market LIVE Updates: Tembo Global Industries extends bank guarantee of Rs 17.37 crore for group Co

Stock Market LIVE Updates: Tembo Global Industries today informed that it has extended a bank guarantee in favour of the State Bank of India, for an amount of Rs 17.37 crore, to be availed by group company Saketh Seven Star Industries for working capital needs.

The company, in an exchange filing, said, "The Company has given Corporate Guarantee in favour of State Bank of India Bank Limited for securing working capital facility to the extent of Rs 17,37,00,000 availed by Saketh Seven Star Technologies Limited".

 

2:15 PM

Stock Market LIVE Updates: FMCG industry expects consumption revival in 2025 after a challenging year

Stock Market LIVE Updates: The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024.

 

Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss. READ MORE

 

 

2:12 PM

Stock Market LIVE Updates: Aster DM hits 8-month high, up 30% in 2 months on healthy growth outlook

Stock Market LIVE Updates: Aster DM Healthcare shares hit an eight-month high of Rs 519.15, as the scrip surged 7 per cent on the BSE in Monday’s intra-day trade amid heavy volumes on a healthy outlook. The stock of the hospital company is trading at its highest level since April 22, 2024. In the last two months, the scrip has rallied 30 per cent.

 

At 11:53 AM, Aster DM share was trading 4 per cent higher at Rs 507, as compared to 1 per cent gain in the BSE Sensex. The average trading volumes on the counter jumped four-fold, with a combined 3.21 million shares changing hands on the NSE and BSE. READ MORE

 

2:05 PM

Stock Market LIVE Updates: Indian Oil rises 2% as board approves setting up of yarn project in Odisha

Stock Market LIVE Updates: Indian Oil Corporation shares gained 1.8 per cent in Monday's trade, logging an intraday high at Rs 139.75 per share on BSE. The buying of the stock came after the company's board approved the setting up of a yarn project at Bhadrak (Odisha) at an estimated cost of Rs 4,382.21 crore.

Around 10:39 AM, Indian Oil share price was up 1.46 per cent at Rs 139.25 per share on BSE. In comparison, the BSE Sensex was up 0.82 per cent at 78,682.79. The market capitalisation of the company stood at Rs 1,96,638.24 crore. READ MORE

 

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade with some gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 had come down from the day's highs, and were trading with some gains amid firm global cues.

At 2 PM, the BSE Sensex was higher by 253.91 points, or 0.33 per cent, at 78,295.50, and the Nifty50 was at 23,681.80, ahead by 94.30 points, or 0.4 per cent.

 

1:52 PM

Stock Market LIVE Updates: PVR INOX rejigs media biz, appoints Chief Sales Officer Sabharwal as head

Stock Market LIVE Updates: Cinema exhibitor PVR INOX Ltd on Monday announced a restructuring of its Rs 600 crore media business, naming Chief Sales Officer Shalu Sabharwal as the leader of initiatives to focus on deepening market connections and driving growth across the country. READ MORE

1:47 PM

Stock Market LIVE Updates: Banks lobby RBI to approve new benchmark for overnight indexed swaps

Stock Market LIVE Updates: A group of Indian lenders has asked the central bank to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter. The banks want the swaps to reference the newly-proposed Secured Overnight Rupee Rate (SORR) instead of the prevailing Mumbai Interbank Outright Rate (MIBOR), the people said, asking not to be named as the discussions are private. READ MORE

1:38 PM

Stock Market LIVE Updates: Reliance Industries shares gain after subsidiary acquires stake in HAGI

Stock Market LIVE Updates: Shares of India’s biggest private company Reliance Industries surged up to  1.74 per cent at Rs 1,227 a piece on the BSE in Monday’s intraday trade. This came after Reliance Industries wholly owned subsidiary, Reliance Digital Health on December 20, 2024 entered into definitive agreements to acquire a 45 per cent equity stake on a fully diluted basis in Health Alliance Group Inc. for an aggregate consideration of $10 million. READ MORE

 

1:28 PM

Stock Market LIVE Updates: Bank of Maharashtra raises MCLR for 3 and 6 month tenors by 5 bps each

Stock Market LIVE Updates: Bank of Maharashtra today informed that it has increased its Marginal Cost of Funds based Lending Rate (MCLR) for three and six month tenors by 5 bps each. Here are the details

 

1:24 PM

Stock Market LIVE Updates: Mayank Cattle Food onoards 78 entities as dealers and sub dealers

Stock Market LIVE Updates:  Mayank Cattle Food today informed that it has allotted dealership and sub dealership opportunities to 78 entities across regions.

The company, in an exchange filing, said, "We are pleased to inform you that Mayank Cattle Food Limited has successfully allotted dealership and sub dealership opportunities to 78 selected individuals and entities across various regions to promote our high-quality product portfolio." 

 

1:20 PM

Stock Market LIVE Updates: Here's why Aurobindo Pharma gained 2% in trade on December 23; details here

Stock Market LIVE Updates: Pharmaceutical company Aurobindo Pharma share was buzzing in trade on Monday, December 23, 2024, as the scrip gained up to 1.95 per cent to hit an intraday high of Rs 1,265 per share.

 

However, at 12:00 noon, Aurobindo Pharma share was trading 1.76 per cent higher at Rs 1,262.50 apiece, In comparison, BSE Sensex was trading 0.89 per cent higher at 78,739.59 levels. READ MORE

 

 

1:12 PM

Stock Market LIVE Updates: 1% rise in m-cap leads to 0.6% rise in GDP growth rate: SBI Eco Research

Stock Market LIVE Updates: A higher market capitalisation signals a robust economy and reflects increased investor confidence, which in turn drives overall economic growth, a report by SBI Economic Research Department said, while claiming that a one per cent rise in market capitalisation leads to a 0.6 per cent rise in gross domestic product (GDP) growth rate. READ MORE

 

1:08 PM

Stock Market LIVE Updates: Transrail Lighting IPO: NIIs fuel demand on Day 3; Check latest GMP

Stock Market LIVE Updates: The initial public offering (IPO) of engineering and construction company Transrail Lighting is set to conclude its public subscription window today, Monday, December 23, 2024. The Rs 838.91 crore offering has received a decent response from investors, with bids for 11,90,30,940 shares against 1,39,16,742 shares on offer, resulting in an oversubscription of 8.55 times, according to data available on the National Stock Exchange (NSE). READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty pare some gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 had pared some of their gains from the day's highs, but were still trading higher amid firm global cues.

At 1 PM, the BSE Sensex was higher by 280.80 points, or 0.36 per cent, at 78,322.39, and the Nifty50 was at 23,689.85, ahead by 102.35 points, or 0.43 per cent.

 

12:49 PM

Stock Market LIVE Updates: Siemens share price down 3% after most brokerages cut target price; details

Stock Market LIVE Updates: Siemens shares lost 3.2 per cent in Monday's trade, logging an intraday low at Rs 6,642.95 per share on BSE. The selling pressure in the stock came after brokerages highlighted that selective approach for High Voltage Direct Current (HVDC) projects and weak inflow for ex-Energy segments may weigh on the near term performance of the company.

 

Around 10:39 AM, Siemens India share price was down 2.43 per cent at Rs 6,700 per share on BSE. In comparison, the BSE Sensex was up 0.80 per cent at 78,668.32. The market capitalisation of the company stood at Rs 2,38,600.57 crore. READ MORE