Stock Market LIVE Updates: Sensex slips 550pts to 80,250; Nifty near 24,200; Financials drag 1%

Stock Markets Today LIVE: Benchmark Indian equity indices were trading lower on Wednesday, amid weak global cues

11:28 AM

Stock Market LIVE Updates: Edelweiss Financial rises 3% as RBI lifts ban on two Edelweiss Group cos

Stock Market LIVE Updates: Holding company Edelweiss Financial Services rose as much as 3.35 per cent to hit an intraday high of Rs 143.45 per share on Wednesday, December 18, 2024. 

 

However, at 10:25 AM, Edelweiss Financial Services shares were off highs and were trading 1.73 per cent lower at Rs 136.40. In comparison, BSE Sensex was trading 0.28 per cent lower at 80,462.01 levels. READ MORE

 

11:19 AM

Stock Market LIVE Updates: Jindal Saw climbs 8% after acquiring stake in renewable power generation co

Stock Market LIVE Updates: Shares of Jindal Saw rallied up to 7.73 per cent at 333.05 per share on the BSE in Wednesday’s intraday deals. Jindal Saw share price surged after the company said that it has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited (RGES) to acquire up to 31.20 per cent equity share capital in ReNew Green MHH One Private Limited (RGMHH). READ MORE

 

11:17 AM

Stock Market LIVE Updates: I-T dept provisionally attaches unquoted shares and properties of Yatharth Hospital

Stock Market LIVE Updates: Yatharth Hospital and Trauma Care Services today informed that the company, along with its subsidiaries, AKS Medical & Research Centre, Ramraja Multispeciality Hospital and Trauma Centre, have received notification from the Income Tax department, with orders provisionally attaching "(i) 20,714,727 unquoted equity shares of face value ₹10 each of AKS; (ii) 5,622,950 unquoted equity shares of face value ₹10 of Sanskar Medica India Limited; (iii) 4,010,000 unquoted equity shares of face value ₹10 of Ramraja; and (iv) 45,000,980 unquoted equity shares of face value ₹10 of Pristine Infracon Private Limited, held by our Company."

The company added that IT department has also provisionally attached properties located at "(a) Plot No. NH 32, Sector Omega I, Greater Noida, Uttar Pradesh, India; (b) NH-01, Sector 110, Noida, Gautam Budh Nagar, Uttar Pradesh, India; (c) Jhansi Mauranipur Highway, Near Orchha Tigaila Orchha, Tikamgarh, Pratap Pura, Madhya Pradesh; and (d) Plot No. HO-01, Sector 1, Greater Noida (West), Uttar Pradesh, India", under Section 281B of the IT Act and prohibited the holder/ owner from transferring/ parting with such property from the date of such respective orders.

The company said that as of now, it is not possible to quantify the monetary impact of the provisional attachment orders, and it is in the process of exploring all legal remedies to challenge the aforesaid orders. 

 

11:06 AM

Stock Market LIVE Updates: Sanghi Industries shares sink 12% as Board okays merger with Ambuja Cement

Stock Market LIVE Updates: Cement manufacturer Sanghi Industries’ shares bled on Wednesday, December 18, 2024, as the scrip plummeted 12.35 per cent to hit a fresh 52-week low of Rs 67.42 per share. 

 

The stock tanked after the company on December 17, announced that the Board of Directors has approved the Scheme of Arrangement between Sanghi Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company) and their respective shareholders. READ MORE

 

11:01 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Wednesday, amid weak global cues.

At 11 AM, the BSE Sensex was 392.96 points, or 0.49 per cent lower, at 80,291.49, and the Nifty 50 was at 24,230.20, down 105.80 points, or 0.43 per cent.

 

10:52 AM

Stock Market LIVE Updates: After a 2,261% rally, this midcap stock is seen testing key 10-year support

Stock Market LIVE Updates: Honeywell Automation India, the midcap stock, witnessed a frenzied run on the stock exchanges after the stock broke above its super trend line on the monthly scale in March 2014. Post which, the stock from levels of Rs 2,536 zoomed to record a summit at Rs 59,874 in June 2024 - a massive 2261 per cent or 23.6-fold gain.

 

In the calendar year 2024, Honeywell Automation stock hit a high of Rs 59,874, and a low of Rs 36,200. At present levels, the midcap stock's market capitalisation stands around Rs 36,000 crore. READ MORE

 

10:46 AM

Stock Market LIVE Updates: Zerodha says investors may be unable to sell stocks due to issues at CDSL

10:43 AM

Stock Market LIVE Updates: VA Tech Wabag tanks 19% as Saudi Water Authority cancels Rs 2,700 cr order

Stock Market LIVE Updates: Shares of VA Tech Wabag (Wabag) tanked 19 per cent to Rs 1,522.30 on the BSE in Wednesday’s intra-day trade after the company said the Kingdom of Saudi Arabia's Saudi Water Authority cancelled an order worth Rs 2,700 crore for a 300 MLD Mega Sea Water Desalination Plant.

In an exchange filing, Wabag said the Customer has notified all tender participants on December 16, 2024, that the said tender stands cancelled pursuant to their internal administrative procedures. READ MORE

 

 

10:37 AM

Stock Market LIVE Updates: Inox Wind bags 60 MW order from Serentica Renewables to supply 3 MW class WTGs

Stock Market LIVE Updates: Inox Wind today announced that it has bagged a 60 MW order from Serentica Renewables (Serentica), a leading C&I focused renewable energy company in India. 

The company, in an exchange filing, said, "This order is for the supply of 3 MW class turbines to be delivered within H1 CY25. Additionally, IWL will provide multi-year post commissioning operations & maintenance (O&M) services for these WTGs, which will be erected at the hybrid renewable energy project site being developed by Serentica in Karnataka." 

The power generated from this project will be supplied to Serentica’s partners, including the Vedanta Group, it added.

10:33 AM

Stock Market LIVE Updates: Gensol Engineering bags 22 MW solar PV project worth Rs 88 crore from a steel co

Stock Market LIVE Updates: Gensol Engineering today informed that it has secured a first large turnkey solar project from a leading steel product company in Punjab. 

The company, in an exchange filing, said, "The project involves the development of a 22 MW ground-mounted solar PV power plant, with a total contract value of INR 88 Crore is set to be executed over a 6-month period."

It added that the project will utilise high-efficiency Bi-facial solar modules, chosen to maximise energy output and ensure long-term durability. 

 

10:28 AM

Stock Market LIVE Updates: How to trade ITC stock in the run-up to Jan 1 hotel demerger date

Stock Market LIVE Updates: ITC on Tuesday fixed January 1, 2025 as the appointed date and the effective date for the demerger of the company's hotel business.

 

In an exchange filing on December 17, ITC said the National Company Law Tribunal (NCLT), Kolkata Bench, sanctioned the scheme of arrangement amongst ITC and ITC Hotels and their respective shareholders; copy of which was received by the company on Monday, December 16, 2024. READ MORE

 

 

10:15 AM

Stock Market LIVE Updates: Vishal Mega Mart listing today: Shares debut with 33% premium on NSE

Stock Market LIVE Updates: Shares of Vishal Mega Mart made a positive start in an otherwise weak market. Vishal Mega Mart shares listed at Rs 110 apiece on the BSE, a premium of 41 per cent over the issue price of Rs 78.

 

On the National Stock Exchange (NSE), Vishal Mega Mart shares listed at a premium of 33.33 per cent at Rs 104 apiece, against the issue price. READ MORE

 

10:10 AM

Stock Market LIVE Updates: Sai Life Sciences shares list at 20% premium on BSE, outperforms GMP trend

Stock Market LIVE Updates: Sai Life Sciences shares made a decent debut on Dalal Street on Wednesday, December 18, 2024. The company's stock listed at Rs 660 apiece, reflecting a premium of Rs 111 or 20.2 per cent against the issue price of Rs 549.

 

On the NSE, the stock was listed at Rs 650, a premium of Rs 101 or 18.3 per cent against the issue price. READ MORE

 

10:05 AM

Stock Market LIVE Updates: Mobikwik shares list at 58% premium on BSE, NSE; follow IPO GMP trend

Stock Market LIVE Updates: One Mobikwik Systems shares made a stellar debut on D-Street on Wednesday, December 18, 2024. Mobikwik shares listed at Rs 442.25 apiece on the BSE, reflecting a premium of 58.51 per cent over the IPO allotment price of Rs 279.

On the National Stock Exchange (NSE), Mobikwik shares listed at Rs 440, reflecting a slightly lower premium of 57.70 per cent per share against the issue price. READ MORE

 

 

10:01 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Wednesday, amid weak global cues.

At 10:03 AM, the BSE Sensex was 245.13 points, or 0.30 per cent lower, at 80,439.45, and the Nifty 50 was at 24,261.15, down 74.20 points, or 0.3 per cent.