Sensex, Nifty end at record highs as BJP clinches 3 state polls; banks soar
Closing Bell on December 4, 2023: The S&P BSE Sensex zoomed over 1,400 points intraday to hit a new record high of 68,918. The Nifty50, on the other hand, hit a fresh lifetime high of 20,703
2:05 PM
Sector ALERT:: Bank Nifty rises 2.8%; ICICI, SBI lead charge
1:53 PM
ALERT:: Time Technoplast to sell land worth Rs 26 cr; stock marginally up
Time Technoplast has signed an MOU for selling the land & building located in Southern India for a total consideration of Rs 26.50 crore. The proceeds from these assets will be partly used for reduction of debt and partly towards expansion of existing established and Value-Added Products, the company said in an exchange filing.
1:41 PM
ALERT:: SJVN announces commissioning of two units in Uttarakhand; stock up 2%
SJVN in an exchange filing said the company has commissioned both the units of 60 MW Naitwar Mori Hydro Power Station on River Tons, Uttarakhand. With this achievement, the installed generation capacity of the company now stands at 2152 MW.
1:31 PM
Market check: Sensex hits new high, up 1,100 points
1:16 PM
Bitcoin hits $40,000 for the first time since May 2022 on rate reductions
The crypto industry is also awaiting the outcome of applications from the likes of BlackRock Inc. to start the first US spot Bitcoin ETFs. READ MORE
1:04 PM
Inox Wind soars 14% as promoter completes Rs 800 crore fund infusion
Shares of Inox Wind (IWL) hit over seven-year high at Rs 328.20, as they soared 14 per cent on the BSE in Monday’s intra-day trade after the company announced completion of infusion of around Rs. 800 crore (before taxes and fees) into the company by its promoter Inox Wind Energy Limited (IWEL). Read
12:49 PM
Modi's win in state polls seen as boosting case for equity inflow in India
Portfolio managers say the results will ensure policy continuity and lift prospects for the stock market as international investors become more confident in their India allocations ahead of national elections. Jefferies Financial Group Inc. sees cyclical stocks benefiting the most from the outcome of the polls while Nuvama Wealth Management says it has become more confident in the government’s capital expenditure. Read
12:34 PM
Hong Kong court puts off Evergrande's hearing on debt restructuring to Jan
Hong Kong court postponed until Jan. 29 a court hearing scheduled for Monday on troubled Chinese property developer Evergrande's winding-up petition. Evergrande is trying to win support from its creditors for a plan to restructure more than $300 billion in debt to stave off liquidation. The company's lawyer told the court it was requesting an adjournment to refine its new debt restructuring plan. Read
12:15 PM
The black card you need: Best luxury credit cards in India for 2023
Premium credit cards, often referred to as black or purple credit cards, charge a hefty annual fee but offer cardholders a range of exclusive benefits in return. Often viewed as a status symbol, premium cards are only offered to high-earning big spenders. Read
12:04 PM
PFC enters club of 50 most valued firms; REC m-cap crosses Rs 1 trn
Shares of state-owend power finance companies were on a roll in Monday's trade. Power Finance Corporation (PFC) (Rs 386.30) and REC (Rs 393.05) scaled new highs and rallied up to 6 per cent on the BSE on a healthy business outlook. Read
11:48 AM
Stock of this OMC has zoomed 54% in 5 weeks; trades at over five-year high
Shares of Hindustan Petroleum Corporation (HPCL) hit over five-year high at Rs 378.90, as they surged 10 per cent on the BSE in Monday’s intra-day trade on the back of heavy volumes. As many as 13 million equity shares of HPCL, on a combined basis, had changed hands on the NSE and BSE till 10:38 AM. Read
11:31 AM
L&T Finance Holdings completes merger of 3 of its subsidiaries with itself
L&T Finance Holdings Ltd on Monday announced that it has completed the merger of its three subsidiaries L&T Finance Limited (LTF), L&T Infra Credit Limited (LTICL) and L&T Mutual Fund Trustee Limited, with itself. The company said the merger is effective from December 4 and will create a single lending entity. Read
11:15 AM
Chart check: Will Nifty top 25,000-mark before 2024 general elections?
The NSE Nifty has witnessed a strong breakout on the daily and weekly scale following the huge gap-up start of 335 points post a clear verdict in 3 out of 4 state elections in favour of the Bhartiya Janta Party (BJP). Read
10:58 AM
Adani group shares rally; Adani Green, Enterprises, Power surge up to 15%
Investors were enthused by the fact that there were no adverse reports against the Adani group. However, except Adani Power and Adani Port, the rest of the Adani Group stocks have underperformed the market in calendar year 2023 as an unsubstantiated report by the US-based short seller Hindenburg Research resulted in the group's stock crashing in January. READ MORE
10:46 AM
Wired for growth: Strong outlook fuels EMS players' success circuit
While the outlook remains strong, the operational performance of the major players in the 2023–24 (FY24) July–September quarter (second quarter, or Q2) was subpar. Although revenue growth was robust, margins went south on account of higher costs. The companies in the sector posted 28 per cent revenue growth over the year-ago quarter and 17 per cent on a sequential basis. READ MORE
Topics : Stock Market Sensex MARKET LIVE MARKET WRAP stock market trading Markets Markets Sensex Nifty state elections Dalal Street Midcap smallcap stocks Assembly Election Indian stock market
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First Published: Dec 04 2023 | 7:35 AM IST