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