Sensex gains 122 pts amid fag-end buying; Coal India rises 6%, Nestle 5%

Closing Bell on Tuesday December 19: Among sectors, the Nifty FMCG index rose 1.4 per cent , followed by the Nifty PSU Bank (up 0.8 per cent)

Stock market highlights: What started off as a muted session, ended with decent gains on Tuesday, as Reliance Industries, FMCG, and financials gained ground.

The S&P BSE Sensex settled 122 points, or 0.17 per cent, higher at 71,437 levels, while the Nifty50 ended at 21,453, up 34 points or 0.16 per cent. 

Coal India (up 6 per cent), Nestle India (47 per cent), NTPC, Tata Consumer Products, RIL, SBI, IndusInd Bank, HUL, Axis Bank, and ITC were the top gainers on the benchmark indices. 

Meanwhile, the broader markets ended mixed with the BSE MidCap slipping 0.31 per cent, but the BSE SmallCap rising 0.10 per cent.

Among sectors, the Nifty FMCG index rose 1.4 per cent , followed by the Nifty PSU Bank (up 0.8 per cent). On the contrary, the Nifty IT index fell 0.95 per cent, followed by the Nifty Auto (down 0.75 per cent).  

3:44 PM

Currency check :: Rupee ends 12 paise weaker at 83.18/$

3:41 PM

SmallCap Heatmap :: Index gains 0.1% Tuesday led by Kiri Industries, PC Jewellers

3:39 PM

MidCap Heatmap :: Index underperforms peers, ends 0.31% lower

3:38 PM

Nifty Heatmap :: Coal India, Nestle India, NTPC soar in trade

3:36 PM

Closing Bell :: Nifty back above 21,450

3:35 PM

Closing Bell :: Sensex gains over 100 pts in fag-end after staying low during the day

3:26 PM

Centre allows additional borrowing of Rs 60,000 crore to 22 states for NPS

According to the announcement on social media platform X, the finance ministry has also allowed extra borrowing ceilings to states equivalent to employer and employee share of contribution of its employees, over and above the 3 per cent ceiling. READ MORE

3:14 PM

JTL Industries okays Rs 1,200 cr investment proposal; stock gains 4%

JTL Industries Ltd is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 6 lakh metric tonnes per annum. READ MORE

3:01 PM

Global Check:: US, UK stock futures rise up to 0.4%

Source: Investing.com

2:47 PM

JB Pharma, Novartis ink Rs 1,089 cr deal for select ophthalmology brands

On the financial details of the agreements, JB Pharma said it will pay Rs 964 crore, excluding applicable taxes, stamp duty and working capital, for the trade marks licence agreement to Novartis. READ MORE

2:31 PM

NTPC market cap touches Rs 3 trillion; zooms 88% thus far in CY 2023

NTPC, the state-owned power generation company, joined the elite group of listed companies having market capitalsation (market cap) of Rs 3 trillion after its stock hit a new peak of Rs 312.45, up 3 per cent on the BSE in Tuesday's intraday trade. READ MORE

2:16 PM

ALERT:: Vijaya Diagnostic Centre to buy largest Pune diagnostic chain; stock jumps 3%

Vijaya Diagnostic Centre board today approved the acquisition of P H Diagnostic Centre Private, the largest integrated diagnostic chain in Pune, for a consideration of Rs 134.65 crore.

2:00 PM

ALERT:: Xpro India to consider raising Rs 290 cr; stock slips 4%

Xpro India in an exchange filing said the company intends to raise upto Rs 140 crore through preferential issue of Convertible Warrants and up to Rs 150 crores through a Qualified Institutions Placement (QIP).

1:47 PM

Govt lashes out at IMF for saying currency intervention excessive

As a result, the IMF reclassified India's foreign-exchange regime to a "stabilized arrangement" from a "floating" system, it said in its annual Article IV country report released on Monday. READ MORE

1:31 PM

SBI market cap nears Rs 6 trillion as stock hits new peak; surges 17% in 1 month

MOFSL estimates PSBs to sustain ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs. READ MORE