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Stock Market Highlights: Nifty holding 24,000 level remains key to avoid sell-off. How to trade tomorrow
17 Dec 2024 | 08:20:01 PM IST
Synopsis
After opening on a negative note, Indian stock markets continued to slide down for the better part of the session. Minor intraday upside recoveries have been used for sell on rise. Nifty finally closed at the lows.
A long bear candle was formed on the daily chart, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.
The positive chart pattern like higher tops and bottoms is still intact as per the daily chart and the lower support of 24,200-24,000 is going to be crucial. If Nifty manages to hold above 24,200-24,000 levels in the next few sessions, then there is a possibility of a sizable upside bounce in the market. Any failure to hold on a said support could possibly bring intense selling pressure in the market. Immediate resistance is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.
Show moreThe positive chart pattern like higher tops and bottoms is still intact as per the daily chart and the lower support of 24,200-24,000 is going to be crucial. If Nifty manages to hold above 24,200-24,000 levels in the next few sessions, then there is a possibility of a sizable upside bounce in the market. Any failure to hold on a said support could possibly bring intense selling pressure in the market. Immediate resistance is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.
1 New Update
US stocks open lower after retail sales data; Fed rate decision awaited
Wall Street's main indexes opened lower on Tuesday, as investors grew cautious ahead of the Federal Reserve's interest rate decision later this week following strong retail sales data that pointed to consumers' continued resilience.
The Dow Jones Industrial Average fell 61.0 points, or 0.14%, at the open to 43,656.47. The S&P 500 fell 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite dropped 78.3 points, or 0.39%, to 20,095.618.
The Dow Jones Industrial Average fell 61.0 points, or 0.14%, at the open to 43,656.47. The S&P 500 fell 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite dropped 78.3 points, or 0.39%, to 20,095.618.
AIFs can play critical role in promoting job creation, says former Sebi chief UK Sinha
Former Sebi chairman U K Sinha on Tuesday said alternative investment funds can play a crucial role in helping the economy meet the challenge of job creation.
The career bureaucrat who served as the Sebi chairman for six years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help.
"Going by many of the macro data that we have, there are problems in our economy today, for example on employment generation," Sinha said while addressing a CII event on AIFs.
The career bureaucrat who served as the Sebi chairman for six years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help.
"Going by many of the macro data that we have, there are problems in our economy today, for example on employment generation," Sinha said while addressing a CII event on AIFs.
KSDL pays record Rs 109 crore dividend to Karnataka government
Karnataka Minister M B Patil and Karnataka Soaps and Detergents Limited chairman Nada Gowda presented a dividend cheque of Rs 108.62 crore from KSDL to Chief Minister Siddaramaiah on Tuesday.
A statement shared by the office of the State Minister for Large and Medium Industries said that this amount represents 30 per cent of KSDL's profit of Rs 362.07 crore for the fiscal year 2023-24.
A statement shared by the office of the State Minister for Large and Medium Industries said that this amount represents 30 per cent of KSDL's profit of Rs 362.07 crore for the fiscal year 2023-24.
Gold snaps 2-day losing streak; US Fed policy in focus
Gold prices bounced back on Tuesday, rising Rs 950 to Rs 79,300 per 10 grams in the national capital, as jewellers made fresh buying at prevailing levels to meet the wedding season demand, according to the All India Sarafa Association. Besides, the US Federal Reserve, which starts its two-day monetary policy meeting on Tuesday, is expected to announce its interest rate decision, which could have an impact on the overall gold performance next year.
The precious metal of 99.9 per cent purity ended at Rs 78,350 per 10 grams on Monday.
However, silver extended its losses for the third straight day, declining Rs 1,000 to Rs 91,500 per kg against the previous close of Rs 92,500 per kg.
The precious metal of 99.9 per cent purity ended at Rs 78,350 per 10 grams on Monday.
However, silver extended its losses for the third straight day, declining Rs 1,000 to Rs 91,500 per kg against the previous close of Rs 92,500 per kg.
Sebi to discuss exuberance, price manipulations in SME listings soon: Ashwani Bhatia
Capital markets regulator Sebi wants to prevent exuberance, price manipulations and fraudulent trading practices on the Small and Medium Enterprises exchange, a senior official said on Tuesday. Addressing the India SME Banking Summit here, Whole Time Member Ashwani Bhatia said the regulator's board will be taking up the issue at its forthcoming meeting.
As per media reports, the Sebi board's meet on Wednesday will be discussing issues related to SME board.
As per media reports, the Sebi board's meet on Wednesday will be discussing issues related to SME board.
Nifty set to hit 28,800 in 2025, says ICICI Direct
Heartbeat index Nifty could hit 28,800 mark in 2025 which is an 18% upside over the Tuesday closing of 24,336 according to estimates by ICICI Direct. The brokerage banks on Nifty's strength on technical charts and a four decade history which suggests positive returns post elections.
"In the journey of Nifty @ 50,000 by CY30, Nifty has achieved the milestone of 24,800 for the CY24. After volatile H2CY24, our traditional as well as statistical analysis depicts that the stage has been set to embark upon the next up move towards 28,800 levels in the CY25 while key support threshold is placed at 22,000," ICICI Direct said in a note.
"In the journey of Nifty @ 50,000 by CY30, Nifty has achieved the milestone of 24,800 for the CY24. After volatile H2CY24, our traditional as well as statistical analysis depicts that the stage has been set to embark upon the next up move towards 28,800 levels in the CY25 while key support threshold is placed at 22,000," ICICI Direct said in a note.
Sebi overhauls regulatory framework for investment advisers, research analysts
Markets regulator Sebi has amended norms governing investment advisers (IAs) and research analysts (RAs) to facilitate ease of doing business by providing relaxation in eligibility criteria for registration and simplifying the compliance requirements. In two separate notifications, Sebi said the minimum qualification requirement has been reduced to a graduate degree in specified fields and net-worth requirement has been replaced with the requirement of deposits.
Further, it has introduced "part-time investment advisor" and "part-time research analyst" and the definition of investment advice/research service has been tweaked to exclude trading calls.
Further, it has introduced "part-time investment advisor" and "part-time research analyst" and the definition of investment advice/research service has been tweaked to exclude trading calls.
Tech view: Nifty forms long bear candle on daily chart. How to trade tomorrow
After opening with a negative note, the market continued to slide down for the better part of the session. Minor intraday upside recoveries have been used for sell on rise and Nifty finally closed at the lows.
A long bear candle was formed on the daily chart, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.
The positive chart pattern like higher tops and bottoms is still intact as per the daily chart and the lower support of 24,200-24,000 is going to be crucial. If Nifty manages to hold above 24,200-24,000 levels in the next few sessions, then there is a possibility of a sizable upside bounce in the market. Any failure to hold on a said support could possibly bring intense selling pressure in the market. Immediate resistance is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,350.
A long bear candle was formed on the daily chart, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.
The positive chart pattern like higher tops and bottoms is still intact as per the daily chart and the lower support of 24,200-24,000 is going to be crucial. If Nifty manages to hold above 24,200-24,000 levels in the next few sessions, then there is a possibility of a sizable upside bounce in the market. Any failure to hold on a said support could possibly bring intense selling pressure in the market. Immediate resistance is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.
In the open interest (OI) data, the highest OI on the call side was observed at 24,500 and 24,400 strike prices, while on the put side, the highest OI was at 24,300 strike price followed by 24,350.
Adani Group announces merger of Sanghi Industries & Penna Cement with Ambuja Cements
Adani Group-owned Ambuja Cement on Tuesday announced the merger of Sanghi Industries and Penna Cement Industries with itself, continuing the trend of larger consolidation in the cement industry.
Under the scheme of arrangement with Sanghi Industries, shareholders will get 12 shares of Ambuja for every 100 shares held in Sanghi.
Under the scheme of arrangement with Sanghi Industries, shareholders will get 12 shares of Ambuja for every 100 shares held in Sanghi.
Sebi notifies new asset class between PMS and mutual funds with minimum investment of Rs 10 lakh
Market regulator Securities and Exchange Board of India (Sebi) on Tuesday notified a new asset class between portfolio management services (PMS) and mutual funds and referred to it as 'Specialized Investment Fund' (SIF). The SIF asset class will accept investments of Rs 10 lakh or more from the investors across all investment strategies.
However, the requirement of minimum investment amount will not apply to an accredited investor. The fund manager of Specialized Investment Funds will be required to have the relevant NISM certification.
However, the requirement of minimum investment amount will not apply to an accredited investor. The fund manager of Specialized Investment Funds will be required to have the relevant NISM certification.
Sebi developing LLM to cut approval times further: Ananth Narayan
Capital markets regulator Sebi is training a large language model (LLM) to further cut processing times on approval requirements, whole time member Ananth Narayan G said on Tuesday. "We are actually starting to train an in-house LLM in Sebi to process, so that the processing times for fresh funds and fresh schemes can come down dramatically," Narayan said, addressing a CII event here.
LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data, allowing them to perform tasks like writing, summarizing, and translating text.
While efforts to deploy AI and machine learning are on in all sectors, this may be the first time that a financial regulator in the country would have disclosed specific efforts like developing an LLM.
LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data, allowing them to perform tasks like writing, summarizing, and translating text.
While efforts to deploy AI and machine learning are on in all sectors, this may be the first time that a financial regulator in the country would have disclosed specific efforts like developing an LLM.
Sebi mulls service platform for tracking inactive, unclaimed mutual fund folios
The market regulator SEBI has proposed the development of a service platform to help investors trace inactive and unclaimed mutual fund folios. The proposed platform, MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), will be developed by the RTAs and offer investors a searchable industry-wide database of inactive and unclaimed mutual fund folios.
The platform will allow investors to identify overlooked investments or any investments made by others for which they may be the rightful legal claimant. It will encourage investors to complete KYC in accordance with current regulations, thereby reducing the number of non-KYC-compliant folios. The platform’s database will also help reduce the number of unclaimed mutual fund folios.
The platform will allow investors to identify overlooked investments or any investments made by others for which they may be the rightful legal claimant. It will encourage investors to complete KYC in accordance with current regulations, thereby reducing the number of non-KYC-compliant folios. The platform’s database will also help reduce the number of unclaimed mutual fund folios.
Senores Pharmaceuticals IPO to open for bidding on December 20. Check details
- IPO Launch: Senores Pharmaceuticals’ IPO opens on December 20, raising Rs 500 crore.
- Use of Proceeds: Funds for capital expenditure, debt repayment, and growth initiatives.
- Business Focus: Specializes in specialty pharma for regulated and emerging markets.
- Financial Growth: Revenue rose 507%, with a 288% profit surge.
- IPO Details: Reserved for institutional and retail investors, managed by Equirus, Ambit, and Nuvama.
Top Nifty gainers and losers in today's session
Price as on 03.43.52 PM, Click on company names for their live prices.
Rupee settles marginally higher by 2 paise at 84.89 against US dollar
Nifty settles below 24,350; Airtel sheds 3%, TCS 2%
Advance declines ratio favors sellers
Sector View: Pharma, PSU Bank stocks bleed
Sensex Heatmap: 29 of 30 Sensex stocks end in the red
Sensex falls for 2nd straight day, ends 1,064 pts lower
Stock Market LIVE Updates | NBFC player Aye Finance files draft papers with Sebi for Rs 1,450-cr IPO
Stock Market LIVE Updates | Sebi mulls service platform for tracking inactive, unclaimed mutual fund folios
Markets regulator Sebi on Tuesday proposed a service platform to help investors trace inactive and unclaimed mutual fund folios. Named the Mutual Fund Investment Tracing and Retrieval Assistant (MITR), the platform will be developed by Registrar and Transfer Agents (RTAs), according to Sebi's consultation paper.
Stock Market LIVE Updates | Nifty Realt grapples to stay in the green
Stock Market LIVE Updates | ECB imposes extra capital charge on 13 banks over leverage risk
The European Central Bank imposed extra capital charges on 13 eurozone banks this year, double last year’s count, due to increased risk concerns. The add-on, affecting leverage ratio requirements, ranged from 10 to 40 basis points.
Stock Market LIVE Updates | European shares waver, dollar firms ahead of central bank meetings
European shares slipped on Tuesday as traders awaited central bank decisions, with the Fed expected to cut rates and the Bank of Japan holding steady. The STOXX 600 fell 0.5% to a two-week low, while Germany's DAX, France's CAC 40, and Britain's FTSE 100 dropped 0.1% to 0.7%.
Stock Market LIVE Updates | Nifty PSU bank top sectoral loser; trades over 1% lower
Price as on 02.54.38 PM, Click on company names for their live prices.
Stock Market LIVE Updates | BCL Industries plans to set up bio-diesel plant with an investment of Rs 150 crore
Price as on 02.05.56 PM, Click on company names for their live prices.
Stock Market LIVE Updates | AMFI reshuffle: RVNL, Kaynes among 19 stocks tipped for an upgrade in 2025
Price as on 01.54.47 PM, Click on company names for their live prices.
Stock Market LIVE Updates | BSE Oil & Gas index trade over 1% lower; top losers
Price as on 01.50.41 PM, Click on company names for their live prices.
Stock Market LIVE Updates | NMDC sets December 27 as record date for bonus issue
Price as on 01.46.02 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Gas stocks fall 3% on reports of natural gas exclusion from GST agenda
Price as on 01.42.21 PM, Click on company names for their live prices.
Stock Market LIVE Updates: All sectors barring media and realty trade lower
Stock Market LIVE Updates | Genesys International secures Rs 56 crore DLRS Project in West Bengal; stock jumps over 8%
Price as on 01.28.33 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Top Nifty gainers & losers at this hour
Stock Market LIVE Updates | Indoco Remedies receives warning letter from USFDA
Price as on 01.10.18 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty midcap & smallcap indices trade around flat levels
Stock Market LIVE Updates | Fertiliser stocks trade higher; top gainers and losers at this hour
Price as on 12.53.27 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Adani deal under bribery scrutiny was approved against officials' advice
India’s Andhra Pradesh state overruled advice of energy, finance departments to sign large Adani solar deal, documents show
Andhra Pradesh finance department said state could bargain for cheaper deal as it was offering payment guarantee - documents
The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Andhra Pradesh finance department said state could bargain for cheaper deal as it was offering payment guarantee - documents
The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Price as on 12.41.03 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Bank index tumbles 600 points
Stock Market LIVE Updates | Vedanta shares rally 11% in 2 weeks, face resistance at all-time high zone. What’s ahead?
Vedanta shares surged 11% in two weeks, nearing Rs 512. Despite a bullish trend with strong momentum, analysts warn of potential correction near resistance levels. Buy-on-dip strategies are recommended, with support at Rs 500 and stop-loss at Rs 480.
Price as on 12.35.00 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Market Stats: Advance-decline ratio in favour of sellers
Sensex Today | Stock Market LIVE Updates | Nifty Auto stocks trading with cuts
Sensex Today | Stock Market LIVE Updates: Sensex falls 1000 points
Sensex Today | Stock Market LIVE Updates | Top Nifty gainers and losers at this hour
Price as on 12.20.00 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | IIFL Finance approved NCD issue worth Rs 350 crore
Price as on 12.15.00 PM, Click on company names for their live prices.
Sensex Today | Hamps Bio IPO subscribed by 356 times on day 3. Check GMP, other details
- Hamps Bio SME IPO fully subscribed with 356.15x overall demand.
- IPO aims to raise Rs 6.2 crore, listing on BSE SME.
- Retail investors subscribed 596.06x; GMP at 88.2% premium.
- IPO size: 12.2 lakh shares at Rs 51 per share.
- Proceeds will fund plant machinery, brand visibility, and corporate purposes.
Sensex Today | Piramal Pharma shares zoom 8% as JM Financial sets Rs 340 target
Piramal Pharma shares rise 8.3% after JM Financial targets Rs 340, citing strong CDMO business growth, global presence, and robust pipeline. Expecting 17% CAGR, with higher margins and revenue growth through 2027.
Price as on 12.08.58 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Bitcoin hits new record high above $107,000; Altcoins trade mixed
- Bitcoin hits record high above $107,000, driven by optimism.
- Institutional buying boosts Bitcoin’s momentum.
- Ethereum trades at $4,006, showing growth.
- India’s crypto regulation discussions add to market sentiment.
- Bitcoin’s dominance at 56.6%, market cap hits $3.73 trillion.
Stock Market LIVE Updates | TARC shares crash 10% after Sebi orders forensic audit of results
SEBI believes that the disclosure of financial information and business transactions of the Company have been dealt with in a manner which may be detrimental to the interest of investors or the securities markets; and/or an intermediary or a person associated with the securities market.
Price as on 11.59.25 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: ITC: Effective date for demerger of hotel biz will be Jan 1
Price as on 11.45.28 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: These 5 F&O stocks saw a high increase in futures open interest
As of December 16, there was a significant rise in futures open interest for four stocks in the NSE F&O pack, leading to a total increase of over 15% in open interest compared to the previous session.
Sensex Today | International Gemmological Institute IPO subscribed by 1.42 times on day 3. Check details
- The IPO of International Gemmological Institute was 1.42 times subscribed, aiming to raise Rs 4,225 crore.
- Driven by retail investor demand, the company plans to use proceeds for acquisitions and general corporate purposes.
- Shares will list on NSE and BSE.
Sensex Today | Stock Market LIVE Updates | Aaradhya Disposal Industries files draft papers with NSE Emerge
- Aaradhya Disposal Industries filed for an IPO on NSE Emerge, offering up to 36.96 lakh equity shares.
- Proceeds will fund working capital, expansion, and loan prepayment. The company reported Rs 73.93 crore revenue in FY24.
Stock Market LIVE Updates | Banking may lead in 2025? I am stocking with the big boys, says Gautam Shah
- Gautam Shah recommends focusing on top stocks in sectors like IT and banking, as the market environment favors leading names.
- He prefers HDFC Bank, SBI, and ICICI Bank in banking, and Bajaj Finance in the NBFC space.
Stock Market LIVE Updates | Stock To Buy For 2025: Top 5 stocks that could give 10-40% return in 1 year
Price as on 11.05.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | PC Jeweller shares rise 5% after 1:10 stock split
- PC Jeweller shares surged 5% to Rs 19.25 after a 1:10 stock split, announced in November.
- The company’s stock has gained 477% in the past year and 236.6% in six months.
Price as on 11.00.00 AM, Click on company names for their live prices.
Sensex Today | CSB Bank shares rally over 7% after meeting with asset management firm WhiteOak Capital
- CSB Bank shares rose 7.7% to Rs 331 after a meeting with WhiteOak Capital on December 16.
- The bank's institutional investor meeting was held in Mumbai.
- CSB Bank's shares grew 9.91% in the past month, outperforming the Sensex's 5.06% rise.
- The bank's net profit for Q2 FY24 increased 3.9% YoY to Rs 1,384 million, with a 25.8% rise in net sales.
- Over the past year, CSB Bank shares have fallen 17.8%, with a 3.89% decline in the last six months.
Price as on 10.55.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Enviro Infra shares skyrocket 20% in 2 Days, soar 140% from IPO price
- Enviro Infra Engineers' stock surged 20%, hitting Rs 354.60, after its Nov IPO at Rs 148.
- The stock has given nearly 140% returns since its IPO debut at Rs 218.
- Traded volumes hit 284.75 lakh shares worth Rs 993.73 crore on the NSE.
- The company’s market capitalization exceeds Rs 6,000 crore.
- The IPO was 89.9x oversubscribed, raising Rs 650.43 crore for working capital, project investments, and debt repayment.
Price as on 10.50.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Nifty Realty stocks trading in green
Sensex Today | Stock Market LIVE Updates | Sensex slides over 900 pts
Sensex Today | Quess Corp shares surge over 9% as Antique Stock Broking sees stock rallying up to Rs 1,000
- Quess Corp shares rose 9.4% after a "buy" rating and Rs 1,000 target from Antique Stock Broking.
- Strong hiring trends expected in banking, manufacturing, and consumer sectors.
- Workforce Management headcount grew 17% in FY24.
- Revenue forecasted to grow at 12%-14% CAGR from FY24-27.
Price as on 10.40.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | India VIX rises nearly 6%
Sensex Today | Supreme Industries positioned for growth amidst raw material price volatility: Chakri Lokapriya
- Chakri Lokapriya highlights the diversification of products reducing business cyclicality.
- He anticipates earnings downgrades but emphasizes the need for bank loan growth to support economic stability.
Sensex Today | Stock Market LIVE Updates: Sensex falls 800 points. Here are the top losers
Price as on 10.28.54 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Top contributors to Sensex's 700-pt fall
Sensex Today | Stock Market LIVE Updates: Sensex falls 700 points
Sensex Today | Stock Market LIVE Updates: Death Crossovers: These 4 stocks signal bearishness on December 17
According to technical scan data from StockEdge.com, four stocks in the Nifty500 index are experiencing Death Crossovers.
Stock Market LIVE Updates | Top Nifty gainers and losers at this hour
Price as on 10.21.19 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Info Edge shares up 1%, hit fresh all-time high
Price as on 10.12.16 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Ventive Hospitality sets price band at Rs 610-630 for Rs 1,600 crore IPO. Check details
Ventive Hospitality, which is set to launch its ₹1,600 crore IPO on December 20, with bidding open until December 24, has announced a price band of ₹610-630 per share.
Sensex Today | Stock Market LIVE Updates: Varun Beverages shares jump nearly 2% on acquiring 40% stake in Lunarmech
Price as on 10.03.32 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Jungle Camps shares list at 90% premium over IPO price
- Jungle Camps India debuted on the BSE SME platform with a 90% premium at Rs 136.8.
- The IPO saw a massive oversubscription of over 490 times, offering 40.86 lakh shares.
Sensex Today | Stock Market LIVE Updates: US Fed meeting begins today. Will it be a non-event for stock market investors?
The two-day meeting of the US Federal Reserve, which will be the last one of 2024 before the new Trump administration takes office in January 2025, is expected to see Jerome Powell implement a 25 basis point interest rate cut on Wednesday. With the Nifty having already gained over 2% this month, the rate cut appears largely priced in by the market. However, investors will be focused on whether the cut will be hawkish or not.
Sensex Today | Stock Market LIVE Updates: SpiceJet shares in focus after Delhi HC summons CEO, COO over non-payment of dues
SpiceJet shares are likely to remain in focus on Tuesday after the Delhi High Court ordered the airline’s CEO and COO to appear in court over the non-payment of $603,870 to aircraft engine lessors.
Price as on 09.53.07 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Sensex falls over 500 points
Sensex Today | Stock Market LIVE Updates: Sky Gold share price rises 5%
Price as on 09.48.36 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Enviro Infra Engineer share price rises 7%
Price as on 09.48.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nitco shares zoom 5% after Rs 105.4-crore order from Prestige Estates
- Nitco secures Rs 105.4 crore order from Prestige Estates for tile and marble supply.
- Shares up 2.26%, with a 348% gain in 2024 and a market cap of Rs 1,060 crore.
- Another Rs 104 crore in orders expected by March 2025.
- Q2 FY25 Losses: Net sales drop 18.67%, net loss widens to Rs 32.02 crore.
- RSI at 67.7, MACD at 6.2, showing bullish signs.
Price as on 09.45.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Vedanta shares tumble over 1% as board approves interim dividend of Rs 8.5 per share
Vedanta shares dropped 1.3% to an intraday low of Rs 506.60 on the BSE after the company's board approved a fourth interim dividend of Rs 8.5 per equity share for FY2024-25, totaling a payout of Rs 3,324 crore.
Price as on 09.42.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Cipla jumps in early trade after Kotak upgrades stock to 'buy'
Price as on 10.11.40 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Rupee falls 1 paisa to all-time low of 84.92 against US dollar in early trade
Sensex Today | Gold drops Rs 1,900/10 gm in a week, silver falls Rs 4,800/kg
- Delhi: Standard gold (22 carat): Rs 57,200/8 gm, 24 carat: Rs 60,920/8 gm
- Mumbai: Standard gold (22 carat): Rs 56,936/8 gm, 24 carat: Rs 60,656/8 gm
- Chennai: Standard gold (22 carat): Rs 57,040/8 gm, 24 carat: Rs 60,752/8 gm
- Hyderabad: Standard gold (22 carat): Rs 56,904/8 gm, 24 carat: Rs 60,624/8 gm
Sensex Today | Stock Market LIVE Updates | Mindspace Reit block deal: 9.2% equity traded
Sensex Today | Stock Market LIVE Updates: Sensex heatmap in opening trade
Sensex Today | Stock Market LIVE Updates: Opening Bell: Sensex slides 300 pts, Nifty below 24,600; RIL, Infosys drop 1% each
Sensex Today | Stock Market LIVE Updates: Sensex falls over 200 points, Nifty below 24,600 in pre-open session
Sensex Today | Stock Market LIVE Updates: Vedanta shares in focus as board approves 4th interim dividend of Rs 8.5/share; total payout at Rs 3,324 crore
Vedanta shares are expected to stay in focus on Tuesday after the company's board approved a fourth interim dividend of ₹8.5 per equity share for FY2024-25, totaling a payout of ₹3,324 crore.
Sensex Today | Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO share allotment expected soon: Check status, GMP, listing date and other details
The share allotment for the Inventurus Knowledge Solutions IPO is expected to be finalized later today or tomorrow morning. Shares will be allocated on a lottery basis, with the entire process overseen by the registrar. On the allotment date, investors will learn the number of shares allotted to them in relation to their bids.
Sensex Today | Stock Market LIVE Updates: NACDAC Infrastructure IPO opens today: Check key dates, GMP, price band and other details
The SME IPO of NACDAC Infrastructure opened for subscription earlier today and will close on December 19. The company plans to raise ₹10 crore through the offering and list its shares on the BSE SME platform. Here are 10 key things investors should know about the public offer before subscribing.
Sensex Today | Stock Market LIVE Updates: HDFC Bank shares in focus after receiving second Sebi warning letter in a week
HDFC Bank shares are expected to stay in focus on Tuesday after the lender received another administrative warning from Sebi for non-compliance with specific regulatory provisions. This marks the second such notice from Sebi within a week.
Sensex Today | Stock Market LIVE Updates: Yash Highvoltage IPO: Check allotment status, GMP and listing date
The share allotment for Yash Highvoltage will be finalized later today, with the company’s shares scheduled to list on the NSE SME platform on December 19. The ₹110 crore SME IPO saw strong demand, recording a subscription of over 180 times, largely driven by robust bidding from retail investors.
Sensex Today | Stock Market LIVE Updates: Here are the stocks that will be in focus due to various news developments.
Sensex Today | Stock Market LIVE Updates: Larger banks, NBFCs to be better performers in 2025: HSBC Securities
HSBC Securities stated that it favors larger banks with a solid track record in deposit mobilization and the capability to lower cost ratios in 2025, as margins are anticipated to face pressure.
Sensex Today | Stock Market LIVE Updates: Waaree Energies bets on cell expansion plans, order book
Shares of Waaree Energies, the country’s largest solar panel manufacturer, have declined nearly 14% from their peak on November 6. Since debuting on October 28, the stock has experienced volatility due to falling realizations and concerns about potential policy changes under the Trump administration affecting the renewable energy sector.
Sensex Today | Stock Market LIVE Updates: Stricter laws needed to push directors to attend more Board Meets
Corporate governance advocates are calling for stricter legal requirements to improve directors' participation in board meetings. The current rule, which requires attendance at just one board meeting per year, is seen as insufficient for ensuring effective oversight and decision-making. A report by Excellence Enablers, founded by former Sebi chief M Damodaran, emphasized the need for urgent revisions to set higher attendance standards.
Sensex Today | Stock Market LIVE Updates: Sebi may revamp rules for SME IPOs, Custodians
The Securities and Exchange Board of India (Sebi) is expected to consider several proposals, including revising rules for SME initial public offerings, increasing the minimum net worth requirement for custodians from ₹50 crore to ₹100 crore, and broadening the scope of unpublished price-sensitive information. The Sebi board meeting is scheduled for December 18.
Sensex Today | Stock Market LIVE Updates: 5 companies to launch their maiden IPOs on December 19
Five companies—DAM Capital, Transrail Lighting, Sanathan Textiles, Concord Enviro Systems, and Mamata Machinery—are set to open their maiden initial public offerings (IPOs) for public subscription on Thursday, December 19. All five IPOs will close on December 23.
Sensex Today | Stock Market LIVE Updates: Fear of regulatory rap keeps life insurance stocks jittery
Investors are turning away from life insurance companies amid concerns about a potential regulatory crackdown on their selling practices, which has cast doubt on the sector's near-term business outlook.
Sensex Today | Stock Market LIVE Updates: Stocks to buy today: Oberoi Realty, RITES and Premier Energies on investors' radar
Benchmark indices ended lower on Monday, weighed down by weak global cues and investor caution ahead of the US Fed's interest rate decision later this week.
Stocks in focus included Premier Energies, which climbed 5.81%, Oberoi Realty, which advanced 6.3%, and RITES, whose shares gained 1.7% on Monday.
Stocks in focus included Premier Energies, which climbed 5.81%, Oberoi Realty, which advanced 6.3%, and RITES, whose shares gained 1.7% on Monday.
Sensex Today | Stock Market LIVE Updates: Toss The Coin IPO: Shares to debut today. Here's what GMP indicates
Toss The Coin's shares are set to debut on the BSE SME platform this Tuesday. Prior to the listing, the company's shares were commanding a grey market premium (GMP) of ₹214.
Stock Market LIVE Updates |Stocks in news: HDFC Bank, Swiggy, Vedanta, Zomato, Mindspace REIT, Religare Enterprises
Markets began the week on a subdued note, following a volatile session on Friday, and ended with a loss of nearly half a percent. In today's trade, shares of HDFC Bank, Swiggy, Vedanta, Zomato, Mindspace REIT, Religare Enterprises among others will be in focus due to various news developments.
Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a negative start
GIFT Nifty on the NSE IX traded lower by 38 points, or 0.15 per cent, at 24,668.50, signaling that Dalal Street was headed for negative start on Tuesday.
Stock Market LIVE Updates | Nasdaq closes at record as investors prepare for Fed rate decision
The Nasdaq closed at a record high on Monday and the S&P 500 also rose as investors gauged the latest economic data while looking toward the Federal Reserve's final policy announcement of the year later in the week to gauge the path of interest rates.
Markets have almost completely priced in a rate cut at the conclusion of the Fed's two-day policy meeting on Wednesday, with a 95.4% chance for a cut of 25 basis points (bps), according to CME's FedWatch Tool.
Markets have almost completely priced in a rate cut at the conclusion of the Fed's two-day policy meeting on Wednesday, with a 95.4% chance for a cut of 25 basis points (bps), according to CME's FedWatch Tool.
Sensex Today | Stock Market LIVE Updates | Oil prices in holding pattern ahead of Federal Reserve decision
Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday.
U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90 a barrel.
U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90 a barrel.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro rose 0.1% to $1.0527
- The Japanese yen was little changed at 154.13 per dollar
- The offshore yuan was little changed at 7.2901 per dollar
- The Australian dollar was little changed at $0.6370
Sensex Today | Stock Market LIVE Updates | Global markets watch
- S&P 500 futures fell 0.2% as of 10:04 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Nikkei 225 futures (OSE) rose 0.3%
- Japan’s Topix rose 0.2%
- Australia’s S&P/ASX 200 rose 0.8%
- Euro Stoxx 50 futures fell 0.1%
- Nasdaq 100 futures fell 0.1%
