Stock Market Highlights: Sensex ends at 78,139, signs-off 2024 with 8% gain; Nifty holds 23,600

Markets Today Highlights: On the last trading day of the year, Sensex ended 109 points lower amid weakness in IT and select banks. IT index slipped 1.5%, while India VIX rose over 3% on Tuesday.

3:59 PM

Stock Market LIVE Updates: View by technical expert

Stock Market LIVE Updates: Following a weak start, the Nifty recovered smartly during the day. However, the technical setup remains unchanged as the index failed to break above any significant moving averages. Despite this, sentiment appeared to improve throughout the session. On the higher end, if Nifty moves above 23,700, it could advance towards 23,900-24,000. On the lower end, support is placed at 23,550.

View by Rupak De, Senior Technical Analyst, LKP Securities

3:52 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: After showing weakness from the highs on Monday, Nifty showed upside recovery from the lows on Tuesday and closed the day higher by 13 points. After opening with a negative note, market slipped into further weakness in the early part of the session. It later showed a decent intraday upside bounce from the day's low of 23460 levels and finally closed near the highs. A small positive candle was formed on the daily chart with minor upper and lower range. Technically, this market action is indicating counter attack by bulls after an attempt of false downside breakout of the range movement.

 

The crucial 200-day EMA is in limelight again. After the moving below this moving average on Monday, Nifty has failed to show any decisive follow -through weakness in the subsequent session and showed upside bounce from the lows. A small red candle was formed on the weekly chart, that placed beside the similar green candle of last week, which signal a broader range movement in the market. The upside bounce of Tuesday could be an early indication of another round of upside bounce in the market. Nifty is broadly in a range of 23500-24000 levels for the near term. Having bounced back from the lower range of 23500 levels, one may expect further upside bounce towards 24000 levels in the coming week. 

View by Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

3:44 PM

Stock Market LIVE Updates: A glance at broader market

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

 

3:41 PM

Stock Market LIVE Updates: Nifty gainers and loser at close

Stock Market LIVE Updates: Adani Enterprises, Tech Mahindra, TCS were among the top laggards on Nifty50.

 

 

3:39 PM

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

Stock Market LIVE Updates: Tech Mahindra, Zomato, TCS were among the top losers on Sensex. Here is a heatmap 

 

3:37 PM

Stock Market LIVE Updates: Nifty50 closes 0.10 pts lower at 23,644.80

Stock Market LIVE Updates: NSE Nifty finishes 0.10 points lower at 23,644.8.

 

 

3:34 PM

Stock Market LIVE Updates: Sensex closes 109 pts lower at 78,139.01

Stock Market LIVE Updates: BSE Sensex closed 109.12 points or x0.14 per cent lower at 78,139.01. 

 

 

3:29 PM

Stock Market LIVE Updates: Indo Farm Equipment IPO opens today: Check GMP, review, subscription status

Stock Market LIVE Updates: The initial public offering (IPO) of Indo Farm Equipment opened for subscription today, December 31, 2024. Indo Farm Equipment IPO aims to raise Rs 260.15 crore via fresh issue of 8.6 million shares, aggregating to Rs 184.9 crore and an offer for sale (OFS) of 3.5 million shares, aggregating to Rs 75.25 crore. Read more 

3:23 PM

Stock Market LIVE Updates: Apollo Micro Systems surges 9% on heavy volumes; stock zooms 26% in 5 days

Stock Market LIVE Updates: Shares of Apollo Micro Systems (AMS) have moved higher by 9 per cent to Rs 117.50 on the BSE in Tuesday’s intra-day trade amid heavy volumes. In five days, the stock of this smallcap aerospace and defense company has zoomed 26 per cent. It is quoting at its highest level since August 2024. The stock had hit a 52-week high of Rs 147.50 on February 27, 2024. Read more 

3:12 PM

Stock Market LIVE Updates: This SME stock tanked 78% from record high after zooming 401% in 5 months

Stock Market LIVE Updates: Shares of Waaree Technologies are locked in lower circuit for the fifth straight trading day, declining 5 per cent to hit Rs 482.15, its fresh 52-week low on the BSE in Tuesday’s intra-day trade. In two weeks, Waaree Technologies share price has slipped 36 per cent. Read more 

3:05 PM

Stock Market LIVE Updates: Supriya Lifescience share price soars 7% in weak market today; here's why

Stock Market LIVE Updates: Shares of Supriya Lifescience gained 6.8 per cent to Rs 745 per share on the BSE on Tuesday, December 31, 2024. Supriya Life shares gained, despite an otherwise weak market, after the management maintained its revenue growth guidance of 22 per cent. Read more 

2:52 PM

Stock Market LIVE Updates: HUL streamlines supply chain to kirana stores, lowers credit limit barriers

Stock Market LIVE Updates: Hindustan Unilever (HUL) is strengthening its control over the distribution process by directly supplying products to kirana stores in Mumbai. The company plans to expand this model to Delhi and other major metro cities, according to a report by The Economic Times.

 

This new initiative is part of HUL’s broader strategy to cut down delivery times from three days to under 24 hours. The goal is to ease credit limitations for kirana stores, which account for around 75 per cent of HUL’s sales, the report said. READ MORE

 

2:47 PM

Stock Market LIVE Updates: Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025

Stock Market LIVE Updates: Shrimp stocks sizzled on the last trading day of 2024 (December 31), with Avanti Feeds and Apex Frozen Foods zooming up to 16 per cent in intraday deals on the BSE.

Apex Frozen Foods skyrocketed up to 16.04 per cent to hit an intraday high of Rs 276.35 per share, while Avanti Feeds zoomed as much as 8.97 per cent to hit an intraday high of Rs 653.35 per share.
 

The spark for this surge came from a report by domestic brokerage InCred Equities, which painted a picture of resurgence for India’s shrimp sector in the calendar year 2025 (CY25). READ MORE

 

2:41 PM

Stock Market LIVE Updates: SBI contra to Parag Parikh Flexi Cap Fund: Most popular equity MFs of 2024

Stock Market LIVE Updates: In a year marked by volatility, sectoral and thematic funds have emerged as the clear winners in the mutual fund category, capturing investor attention and substantial net inflows. These funds, which focus on specific industries or investment themes, capitalized on market trends and investor sentiment, demonstrating resilience in the face of economic uncertainty.

 

Data analysed by Value Research shows thematic funds captured 28 per cent of the total inflows this year. In simple terms, Rs 28 of the Rs 100 invested by an investor this year has either been in a sectoral or a thematic fund. READ MORE

 

2:36 PM

Stock Market LIVE Updates: Transgene Biotek receives penalty order of Rs 233 cr from Enforcement Directorate

Stock Market LIVE Updates: Transgene Biotek today informed that it has received an order from Enforcement Directorate, Southern Regional Office, imposing a cumulative penalty of Rs 233.02 crore, on the alleged violations under different sections of FEMA.

The company, in an exchange filing, said, "This is to inform you that we received the Order from the Enforcement Directorate, Southern Regional Office imposing a cumulative penalty of Rs.233.02 Crs on the alleged violationsunder different sections of FEMA i the GDR matter."

It added, "We are deeply saddened at this unfair order for penalizing the victims of fraud, one that was planned and orchestrated by Mr.Nirmal Kotecha i siphoning out the funds belonging to our company, Transgene Biotek Ltd evidenced by the documents sourced from the Financial Market Supervisory Authority of Switzerland among several others.

Aggrieved by the unfair and unjust order passed by the Special Director, Directorate of Enforcement Southern Regional Office, we plan to seek help at the appropriate forums including The Appellate Tribunal, New Delhi for a just redressal". 

 

2:30 PM

Stock Market LIVE Updates: Venus Remedies surges 4% after GMP Certification from Moldova govt

Stock Market LIVE Updates: Shares of Venus Remedies climbed 4.4 per cent at Rs 324.25 a piece on the BSE in Tuesday’s intraday trade. Venus Remedies share price jumped after the company received Good Manufacturing Practice certification from the Ministry of Health of Moldova for its carbapenem facility.

 

The company in an exchange filing on Tuesday said that with this certification, it is well positioned to further expand its presence in the Eastern European market, ensuring access to reliable antibiotics for healthcare providers and patients across the region. READ MORE

 

2:23 PM

Stock Market LIVE Updates: IL&FS Inv't appoints Lubna Ahmad Usman as CEO & CFO, after Manoj Borkar retires

Stock Market LIVE Updates: IL&FS Investment Managers today informed that its current CEO and CFO, Manoj Borkar has superannuated from the services of the company, effective from the close of business hours on December 31, 2024.

The company added that Ms Lubna Ahmad Usman, has been appointed as the chief executive office and chief financial officer, effective from January 1, 2025.

 

2:17 PM

Stock Market LIVE Updates: Tata Chemicals, GHCL spurt up to 7%; why are chemical stocks gaining today?

Stock Market LIVE Updates: Chemical stocks, including Tata Chemicals, and GHCL, were moving higher in trade on Tuesday, December 31, 2024. Buying interest sparked in chemical stocks today after the government, on Monday, imposed a minimum import price on Soda Ash.

 

In a notification, Centre said it shall impose a Minimum Import Price (MIP) of Rs 20,108 per tonne on Disodium Carbonate (Soda Ash) up to June 30, 2025. READ MORE

 

2:08 PM

Stock Market LIVE Updates: Adani Green Energy slips 4% after Amit Singh to step down as CEO; Details

Stock Market LIVE Updates: Adani Green Energy shares slipped 4.4 per cent in Tuesday's trade on BSE logging an intraday low at Rs 1,030 per share. The stock dipped after the company announced Amit Singh, the current CEO of Adani Green Energy, will step down from his position, effective March 31, 2025. Read more 

2:04 PM

Stock Market LIVE Updates: Prataap Snacks share slips 4% on fire incident at Jammu manufacturing unit

Stock Market LIVE Updates: Chips company Prataap Snacks shares slipped on the final trading day of 2024, as the scrip dropped up to 3.66 per cent to hit an intraday low of Rs 1,060.20. Read more 

1:57 PM

Stock Market LIVE Updates: Rites share price rallies up to 13% on NSE, BSE on heavy volume; details

Stock Market LIVE Updates: Rites shares surged as much as 12.15 per cent on the BSE on Tuesday, December 31, 2024. On the National Stock Exchange (NSE), Rites shares today rallied 13.15 per cent to hit a high of Rs 302.3 per share. Read more 

1:49 PM

Stock Market LIVE Updates: KP Green Engineering share rises 4% after multiple orders worth Rs 165 cr

Stock Market LIVE Updates: Shares of KP Green Engineering climbed 4.3 per cent at Rs 570 a piece on the BSE in Tuesday’s intraday trade. KP Green Engineering share price jumped after the company received new orders from multiple clients amounting to Rs 165.70 crore. Read more

1:39 PM

Stock Market LIVE Updates: FIIs build shorts in Nifty in last 2 days; most bearish since May 2024

Stock Market LIVE Updates: Derivatives Market Insights for Tuesday: The Nifty January futures declined merely 0.4 per cent in the last two trading sessions. The open interest (OI), however, has risen sharply by nearly 11 per cent primarily on account of fresh short bets by foreign institutional investors (FIIs) in the futures & options segment.

 

The data from the NSE shows that FIIs added 31 per cent i.e. over 40,550 contracts on the short side in Nifty futures in the last two trading sessions. They net sold 60,800 contracts of Nifty futures in the last three trading sessions, which included some long unwinding. Among the other key indices some long unwinding is visible in Nifty Bank and Nifty MidCap futures in recent days. READ MORE

 

1:24 PM

Stock Market LIVE Updates: Surya Roshni soars 9% on fixing Jan 1 as record date for 1:1 bonus issue

Stock Market LIVE Updates: Shares of Surya Roshni soared 9 per cent to Rs 610.45 on the BSE in Tuesday’s intra-day trade amid heavy volumes in an otherwise weak market ahead of the company's 1:1 bonus issue.

Surya Roshni has fixed Wednesday, January 1, 2025, as the 'Record Date' to determine the eligibility of shareholders for issuance of the bonus shares in the ratio of one new equity share for every one existing equity share held in the company.
 

At 11:27 AM, the stock was trading 8 per cent higher at Rs 603, as compared to the 0.25 per cent decline in the BSE Sensex. READ MORE

 

1:21 PM

Stock Market LIVE Updates: Tilaknagar Industries' Sr. VP - Sales & Marketing, Bineet Walia to retire on Dec 31

Stock Market LIVE Updates: Tilaknagar Industries today informed that Bineet Walia, the company's Senior Vice President for Sales and Mareting, will retire from the services of the company, effective from the close of business on December 31, 2024.

The company, in an exchange filing, said, "We would like to inform you that Mr. Bineet Walia, Senior Vice President – Sales & Marketing of the Company, will retire from the services of the Company with effect from the close of business hours of December 31, 2024. Consequently, Mr. Bineet Walia will also cease to be a part of the Senior Management Personnel (SMP) with effect from the said date".

 

1:15 PM

Stock Market LIVE Updates: Ramco sells land parcel for Rs 67.55 cr; has sold non-core assets of Rs 443 cr

Stock Market LIVE Updates: The Ramco Cements today informed that it has disposed of non-core assets, including a land parcel, for Rs 67.65 crore. 

The company, in an exchange filing, said, "Today, our Company has executed a sale agreement for disposal of lands for a consideration of Rs.67,64,86,800". 

Further, Ramco Cements, which had announced a target of disposing off non-core assets worth Rs 1,000 crore while announcing its Q2FY25 results, said that, it has realised sales of non-core assets worth Rs 443.65 crore so far, which includes shares held by in other companies worth Rs 376 crore.

 

1:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and NSE Nifty50 were lower amid rangebound trading on the bourses on Tuesday.

At 1 PM, the BSE Sensex was lower by 289.52 points, or 0.37 per cent, at 77,958, while the Nifty 50 was at 23,582, down 62.90 points, or 0.27 per cent.

 

12:56 PM

Stock Market LIVE Updates: Is the stock market open on New Year? Check BSE, NSE 2025 holiday list

Stock Market LIVE Updates: Indian stock markets, represented by the benchmark indices Nifty50 and Sensex, are set to operate as usual on January 1, 2025, dispelling any notion of a holiday. 

 

According to the official holiday calendar released by NSE India, New Year’s Day does not feature among the designated non-trading days in 2025. On this day, the stock market timings remain as usual. The pre-open trading will commence at 9:00 AM and run until 9:15 AM, with regular trading beginning at 9:15 AM and continuing until the closing bell at 3:30 PM. READ MORE

 

12:50 PM

Stock Market LIVE Updates: ITC demerger: Analysts upbeat on ITC share outlook; support seen at Rs 442

Stock Market LIVE Updates: With just four trading sessions to go for the ITC-ITC Hotels demerger record date shares of ITC continue to consolidate in a thin range of Rs 460 - Rs 480 in an otherwise volatile equity market. On Tuesday thus far despite a near 1 per cent fall in the Sensex and Nifty; ITC traded on a flat note.

ITC had set the demerger ratio at 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025. Post demerger, ITC will continue to hold a 40 per cent equity stake in the Hotel business. READ MORE

 

12:40 PM

Stock Market LIVE Updates: RBI rate cut, Trump, Budget: What factors will drive stock markets in 2025

Stock Market LIVE Updates: India stock markets saw a topsy turvy 2024, where a string of events caused bouts of volatility, especially in the second half of the calendar year.

From the Lok Sabha elections of 2024 to Donald Trump’s victory in the US, from simmering tensions between Iran and Israel to foreign investors’ mammoth selling of Indian equities, the stock markets saw it all this outgoing year.
 

Going ahead, analysts believe domestic equity markets may continue to witness market consolidation, at least in the first half of 2025, on the back of various domestic and global economic events. READ MORE