Sensex gains 230 pts; Suraj Real Estate drops 7%, Adani Green rallies 5.5%

Closing Bell on December 26, 2023: On the downside, the Nifty Media index fell 0.58 per cent, and the Nifty IT shed 0.4 per cent

1:48 PM

ALERT:: Droneacharya Aerial to buy majority stake in PYI Technologies; stock tumbles 5%

DroneAcharya Aerial Innovations signs Term Sheet to acquire 51 per cent stake in M/s PYI Technologies Private Limited.

 

The terms of the Share Purchase Agreement will be finalized in due course, outlining specific details of the transaction. This strategic decision will play pivotal move in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry, the company said in an exchange filing.

1:34 PM

This railway related stock has zoomed over 90% thus far in December

Shares of Oriental Rail Infrastructure were locked at upper circuit for the eight straight day on the BSE backed by heavy volumes. READ MORE

1:19 PM

Godrej Properties sells more than 600 flats for Rs 2,600 cr in Gurugram; stock up 1%

During April-September 2023-24, Godrej Properties achieved 48 per cent growth in its sales booking to Rs 7,288 crore as against Rs 4,929 crore in the year-ago period. READ MORE

1:05 PM

PF: Select a global health plan covering planned and emergency hospitalisation

Reliance General Insurance recently launched Reliance Health Global, a policy that offers global healthcare coverage. Several general and health insurers today offer these plans amid growing demand. Read

12:48 PM

BEL soars 5% on bagging order worth Rs 678 crore

BEL has won an order worth Rs 678 crore. 

12:35 PM

Where is gold headed in 2024? Geopolitics, central banks to keep demand hot

Gold had a strong 2023, defying expectations amid a high interest rate environment, and outperforming commodities, bonds and most stock markets. Historically, gold has had a flat performance during consensus-favoured ‘soft landings’; however, geopolitical risks, central bank buying and the spectre of a recession may provide additional support for gold in 2024, according to the World Gold Council. Read

12:19 PM

Telcos likely to show little interest in upcoming spectrum auction

The upcoming spectrum auction, which is likely to be conducted over the next three months, is likely to receive a cold response from telecom companies, Financial Express (FE) has reported. Read

12:02 PM

Bank Nifty will take the lead in 2024: ICICI Direct

Brokerage ICICI Direct anticipates continued growth in healthcare and financial stocks, attracting more foreign investment in 2024. Among all sectors, it expects the Bank Nifty to take the lead next year. Read

11:46 AM

NMDC surges 5%; Iron ore futures touch 18-month highs

Iron Ore futures are at $140 a ton, highest in 18 months

via RedboxGlobal India

11:34 AM

India makes first-ever rupee payment for the purchase of crude oil from UAE

India, the world's third-largest energy consumer, made its first-ever payment in rupees for crude oil purchased from the United Arab Emirates (UAE), signalling what could be a strategic push to promote the local currency globally. Read

11:19 AM

BOJ Governor Ueda sees benefits of positive inflation on policy process

Bank of Japan Governor Kazuo Ueda pointed out some positive potential aspect of having higher interest rates under normal economic conditions while also reiterating his pledge to continue with monetary easing patiently in the pursuit of stable inflation. Read

11:06 AM

Muthoot Microfin lists at 5% per cent discount against issue price

Muthoot Microfin made a subdued stock market debut, with its shares listed at Rs 275.30, a 5 per cent discount to its issue price of Rs 291 on the National Stock Exchange (NSE) on Tuesday. On the BSE, shares of the microfinance institutions (MFIs) listed at Rs 278, around 4.5 per cent lower against its issue price. Read

10:56 AM

Managing portfolio: Stay with winners or make bets laggards in 2024

A healthy equity portfolio needs churn or rebalancing at a periodic interval. The beginning of a calendar year is a good time for investors to take a hard look at their portfolio and book profits in stocks that rallied too high and too fast, and thus became pricey. Read

10:44 AM

Motisons lists at 98% premium; freezes in 5% lower circuit on profit taking

Jewellery retailer Motisons Jewellers made a bumper market debut on Tuesday, Dec 26 with its shares listing at Rs 109, doubling investors' money. This was a 98 per cent premium to the issue price of Rs 55 on the National Stock Exchange (NSE). Read

10:32 AM

Suraj Estate debuts on a shaky note; lists at 6% discount to issue price

Suraj Estate Developers (SEDL) made a weak stock market debut with its shares listed at Rs 340, a 6 per cent discount when compared with its issue price of Rs 360 per share on the National Stock Exchange (NSE) on Tuesday. Read