Stock Market Highlights: Sensex adds 226 pts, Nifty at 23,813; pharma, auto, FMCG shares shine

Stock Market Highlights, Friday, December 27, 2024: The benchmark equity indices ended the week's last trading session in positive territory

6:17 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty managed to cross the 200-Days Simple Moving Average (200-DSMA) on the daily chart but failed to sustain above it, forming a doji candle. On the weekly chart, the index has formed an inside bar candlestick pattern, indicating strong demand near 23,500-23,540 zone. The 200-DSMA is placed around 23,860, which will act as an immediate hurdle for Nifty. A sustainable move above this level could drive the index towards 24,000–24,100. On the downside, 23,500 remains a key support. In the immediate term, Nifty is expected to consolidate between 23,500 and 23,900, with a breakout on either side defining its next move.

View by Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company)

3:51 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Christmas week trading ended on a subdued note; a lack of major triggers and caution ahead of the swearing of US Republican Party administration continued to impact the sentiment. While the rupee dropped to a new low, weighed down by the expectation of fewer Fed rate cuts, a widening trade deficit, and weak economic growth. The auto index outperformed, aided by an expectation of a pickup in volumes in December and comfort in valuation.

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

3:41 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap ended in red, whereas Smallcap closed in green.

 

 

3:39 PM

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

Stock Market LIVE Updates: Dr Reddy's Labs, IndusInd Bank, M&M  were among the top gainers on Nifty50. Here is a heatmap 

 

3:37 PM

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

Stock Market LIVE Updates: M&M, IndusInd Bank, Tata Motors were among the top gainers on Sensex. Here is a heatmap 

 

 

3:36 PM

Stock Market LIVE Updates: Sensex closes 226.59 pts higher at 78,699.07

Stock Market LIVE Updates: BSE Sensex closed 226.59 points or 0.29 per cent higher at 78,699.07.

 

3:35 PM

Stock Market LIVE Updates: Nifty 63.2 pts higher at 23,813.4

Stock Market LIVE Updates: NSE Nifty settled 63.2 points or 0.27 per cent higher at 23,813.4.

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3:27 PM

Stock Market LIVE Updates: Dr Reddy's up 15% in Dec so far; set for biggest monthly gain since Sep'20

Stock Market LIVE Updates: Shares of Dr Reddy’s Laboratories are set to report their biggest monthly gain in the past 51 months, with the stock of the pharmaceutical company having rallied 15 per cent thus far in the month of December. Earlier, in September 2020, the market price of Dr Reddy’s had surged 22 per cent. In June 2023, it had gained 14.5 per cent. Read more 

3:20 PM

Stock Market LIVE Updates: NTPC Green Energy up 6% as commercial operation begins at Solar PV Project

Stock Market LIVE Updates: Shares of NTPC Green Energy surged 5.79 per cent at Rs 133.35 a piece on the BSE in Friday’s intraday trade. NTPC Green Energy share price rose after the company on Friday declared its commercial operation of first part capacity of 37.5 MW out of 200 MW Gujarat Solar PV Project in Sadla, Gujarat. Read more

3:16 PM

Stock Market LIVE Updates: JSW Infra gains 3% after Motilal Oswal raises target price with 'Buy'

Stock Market LIVE Updates: JSW Infrastructure shares gained 2.9 per cent on BSE, logging an intraday high at Rs 319.15 per share. The upmove in the stock came after domestic brokerage Motilal Oswal reiterated 'Buy' and raised the target price from Rs 350 to Rs 375 per share. Read more 

3:10 PM

Stock Market LIVE Updates: Japan cabinet okays record defence budget of $55 bn amidst regional threat

Stock Market LIVE Updates: The Japanese Cabinet on Friday approved a record 8.7 trillion yen ($55 billion) defence budget for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to fortify itself against growing threats from China, North Korea and Russia. Read more 

3:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher, amid lax global cues.

At 3 PM, the BSE Sensex was higher by 265.93 points, or 0.34 per cent, at 78,738.41, while the Nifty50 was at 23,807.35, ahead by 57.15 points, or 0.24 per cent.

2:56 PM

Stock Market LIVE Updates: Greaves Cotton soars 15% after over 45 million shares trades on NSE

Stock Market LIVE Updates: Shares of Greaves Cotton hit a new high of Rs 271.90, surging 16 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade amid heavy volumes, ahead of the initial public offering (IPO) of its material subsidiary, Greaves Electric Mobility Limited (GEML).

 

By 01:05 PM, as many as 50.11 million equity shares, representing 21.55 per cent of the total equity of Greaves Cotton, had changed hands on the NSE. READ MORE

 

2:46 PM

Stock Market LIVE Updates: Tata Motors share races 6% in 3 days as most brokerages upbeat on outlook

Stock Market LIVE Updates: Automobile giant Tata Motors share was in demand for the third consecutive session on Friday, December 27, 2024, as the stock soared up to 3.50 per cent to hit an intraday high of Rs 766.75 apiece.  Notably, the Tata Motors share has jumped 6.12 per cent in the last three sessions.  

However, at 1:15 PM, Tata Motors share was off highs and was trading 2.01 per cent higher at Rs 755.70 apiece. In comparison, BSE Sensex was trading 0.48 per cent higher at 78,852.90 levels. READ MORE

 

 

2:37 PM

Stock Market LIVE Updates: Cochin Shipyard freezes at 5% upper circuit on order boost from Adani Ports

Stock Market LIVE Updates: Cochin Shipyard shares hit a 5-per cent upper circuit band on the BSE on Friday, December 27, 2024. The share price was frozen at Rs 1,532.1 per share at 1:30 PM as against a 0.4 per cent rise in the benchmark BSE Sensex index. Read more 

 

2:29 PM

Stock Market LIVE Updates: Dividend, Bonus, Stock-split: KPI Green, 10 others to go ex-date next week

Dividend, Bonus, Stock-split: Shares of KPI Green Energy, Sharanam Infraproject and Trading, Pro Fin Capital Services, Redtape, and seven other companies will remain in the spotlight next week from Monday, December 30, 2024, to January 3, 2025, as their ex-dates loom following announcements of corporate actions such as bonus issues, dividends, stock splits, or rights issues. Read more

2:19 PM

Stock Market LIVE Updates: NBCC gets Rs 300 cr order in Varanasi, Rs 44 cr contract at Aiims Gorakhpur

Stock Market LIVE Updates: State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model". READ MORE

 

 

 

2:07 PM

Stock Market LIVE Updates: Newgen Software's Dubai unit bags $2-mn deal to implement digital lending platform

Stock Market LIVE Updates: Newgen Software Technologies today informed that one of its Dubai-based wholly-owned susidiary, Newgen Software Technologies LLC, has received an order worth $2 million from a customer intending to implement a Digital Lending and Onboarding Platform for Retail Product.

The company, in an exchange filing, said, "We hereby inform you that Newgen Software Technologies LLC, a wholly owned subsidiary incorporated in Dubai, has received a letter with commercial terms from a customer intending to engage the aforesaid subsidiary company for the implementation of the Digital Lending and Onboarding Platform for Retail Product, accordingly the said letter with the commercial value has been accepted by the aforesaid subsidiary company. The aggregate commercial value, as agreed, with the customer is USD 2,000,000".

 

2:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher, amid lax global cues.

At 2 PM, the BSE Sensex was higher by 375.62 points, or 0.48 per cent, at 78,848.10, while the Nifty50 was at 23,862.45, ahead by 112.25 points, or 0.47 per cent.

 

1:53 PM

Stock Market LIVE Updates: Will India's IPO market scale new heights in 2025? Experts predict this

Stock Market LIVE Updates: The year 2025 may shape up to be another blockbuster for the Indian IPO (initial public offering) market, building on the strong foundation set in 2024. Market analysts anticipate the strong momentum to continue in 2025, offering ample opportunities to investors to dive across diverse sectors and industries.

 

Notably, in 2024, 96 mainline offerings and 241 small and medium enterprises (SME) raised a whopping Rs 1.71 trillion, marking a remarkable year for primary market investors, according to data from Prime Database. READ MORE

 

1:45 PM

Stock Market LIVE Updates: Bright Outdoor Media bags Rs 60-crore bulk ad deal from Western Railways

Stock Market LIVE Updates: Bright Outdoor Media today informed that it has secured a buld advertisement deal from Western Railways, valued at Rs 60 crore. 

The company, in an exchange filing, said, "This seven-year agreement grants Bright exclusive rights to develop 17,555 square feet of prime advertising real estate across Mumbai's Western suburbs".

The company added that as part of the deal, Bright will setup cutting-edge hoardings, including four advanced digital LED displays and seven front-lit static hoardings at 11 premier sites. 

 

1:38 PM

Stock Market LIVE Updates: IndusInd Bank up 4% on plans to sell off Rs 1,573-cr of microfinance loans

Stock Market LIVE Updates: IndusInd Bank shares gained 4.1 per cent in trade on BSE, logging an intraday high at Rs 970.50 per share. The buying in the stock came after according to the auction document, the bank is seeking to offload Rs 1,573 crore of non-performing microfinance retail loans.

 

Around 11:54 AM, IndusInd Bank share price was up 3.27 per cent at Rs 962.65 per share on BSE. In comparison, the BSE Sensex was up 0.48 per cent at 78,845.82. The market capitalisation of the company stood at Rs 74,983.72 crore. READ MORE

 

1:25 PM

Stock Market LIVE Updates: Western Carriers bags Rs 23-crore order from Bhutan-based Lhaki Steels & Rolling

Stock Market LIVE Updates: Western Carriers today informed that it has received an order worth Rs 23 crore from Bhutan-based Lhaki Steels & Rolling Pvt. Ltd, for the movement of rakes. 

The company, in an exchange filing, said, "We are pleased to inform you that our Company has received Work Order from Lhaki Steels & Rolling Pvt. Ltd., Bhutan for rake movement."

 

1:19 PM

Stock Market LIVE Updates: EFC's board okays 1:1 bonus issue, share capital alteration; stock up 4%

Stock Market LIVE Updates: Shares of EFC surged 4.13 per cent at Rs 684.90 a piece on the BSE in Friday’s intraday trade. EFC share price rose after the company on Friday said that its board has approved bonus shares in the ratio of 1:1. 

 

“We inform that the board of directors of the company has inter‐alia considered and approved issue of bonus shares in the ratio of 1:1 i.e. one new fully paid-up equity share of Rs 2 each for every one existing fully paid-up equity share of Rs 2 each, to the eligible equity shareholders of the company as on the record date, by capitalization of securities premium received in cash or general reserve or retained earnings,” the company said in an exchange filing. READ MORE

 

 

1:08 PM

Stock Market LIVE Updates: Adani Ports places Rs 450-crore order for 8 tugs with Cochin Shipyard

Stock Market LIVE Updates: Adani Ports and Special Economic Zone (APSEZ), today informe that it has placed an order worth Rs 450 crore with Cochin Shipyard to procure eight harbour tugs. 

The company, in an exchange filing, said, "With a total contract value estimated at INR 450 Crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028, significantly improving the efficiency and safety of vessel operations in Indian ports".

 

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 Nifty50 were trading higher on Friday after climbing off the day's highs, amid lax global cues.

At 1 PM, the BSE Sensex was higher by 282.73 points, or 0.36 per cent, at 78,755.21, while the Nifty50 was at 23,835.20, ahead by 85 points, or 0.36 per cent.

 

12:48 PM

Stock Market LIVE Updates: Power Mech Projects gains 3% after securing order worth Rs 186 cr

Stock Market LIVE Updates: Shares of Power Mech Projects surged 2.96 per cent at Rs 2,586.65 a piece on the BSE in Friday’s intraday trade. Power Mech Projects share price rose after the company secured a Rs 186 crore order from Jaiprakash Power Ventures Limited (JPVL).

 

The order entails providing field operation and maintenance services for the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant located in Nigrie, Madhya Pradesh, over a five-year period starting from January 1, 2025, to December 31, 2029, the company said in an exchange filing on Thursday. READ MORE

 

 

12:37 PM

Stock Market LIVE Updates: China's industrial profits set for steepest annual drop since 2000

Stock Market LIVE Updates: China’s industrial firms saw their profits drop in November for a fourth straight month, on track for the sharpest annual decline since records began in 2000.

Industrial profits at large Chinese companies fell 7.3 per cent last month compared to a year ago, the National Bureau of Statistics said in a statement on Friday. That compares with a Bloomberg Economics forecast for a decline of about 6 per cent.
 

Over the first 11 months, profits shrank by 4.7 per cent from the same period last year. READ MORE

 

12:30 PM

Stock Market LIVE Updates: This 'Navratna' PSU stock trades ex-date for stock split today; Details

Stock Market LIVE Updates: Mazagon Dock Shipbuilders shares were buzzing in trade on Friday, December 27, 2024. Mazagon Dock shares fell 3 per cent to Rs 2,292.8 per share on the BSE in the intraday trade.

 

By comparison, the benchmark BSE Sensex was up 458 points, or 0.58 per cent, at 78,930 level at 11:00 AM. Notably, Mazagon Dock shares are trading ex-date for stock split today. READ MORE

 

12:21 PM

Stock Market LIVE Updates: Akums Drugs hits 10% upper circuit; gains 12% in two days; here's why

Stock Market LIVE Updates: Akums Drugs and Pharmaceuticals shares clocked a 10 per cent upper circuit on BSE, at Rs 668.10 per share. The scrip gained for the second straight session after the company entered into a 200 million euro (Rs 1,760 crore) partnership with a global pharmaceutical major to manufacture and supply a range of pharmaceutical formulations for the European market. In two trading sessions, the stock soared 12 per cent.

 

Around 11:28 AM, Akums Drugs & Pharmaceuticals Ltd share price was up 9.63 per cent at Rs 666 per share on BSE. In comparison, the BSE Sensex was up 0.48 per cent at 78,849.35. The market capitalisation of the company stood at Rs 10,438.37 crore. The 52-week high of the stock stood at Rs 1,174.85 per share and the 52-week low stood at Rs 527 per share. READ MORE