Stock Market Close Highlights: Sensex sheds 502pts, Nifty ends below 24,200; Banking, financials dip

Stock Markets Today Highlights: 33 of the 50 constituents of Nifty50 ended in the red, dragged by Tata Motors, Power Grid, BEL, JSW Steel, and NTPC, extending losses of up to 2.92 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.

 

9:55 AM

Stock Market LIVE Updates: Aditya Birla Real Estate gains 3% as arm acquires Rs 104-cr land in Boisar

Stock Market LIVE Updates: Aditya Birla Real Estate shares advanced 3.1 per cent in Wednesday's trade, logging an intraday high at Rs 2,797.6 per share on NSE. The stock saw demand after the company arm Birla Estates acquired a land parcel covering 70.92 acres in Boisar for Rs 104.3 crore.

 

However, around 9:27 AM, Aditya Birla Real Estate share price pared some gains and was up 1.04 per cent at Rs 2,741.45 per share on NSE. In comparison, the Nifty was down 0.2 per cent at 24,288.40. READ MORE

 

 

9:45 AM

Stock Market LIVE Updates: Aurobindo Pharma climbs nearly 2% as US FDA inspects co unit's API making plant

Stock Market LIVE Updates: The US FDA completed an inspection of Unit-V, the API manufacturing facility of Aurobindo Pharma's wholly-owned subsidiary, Apitoria Pharma Private Ltd, issuing two procedural observations.  

 

9:42 AM

Stock Market LIVE Updates: Sanghi Industries drops 12% as Ambuja Cement approves amalgamation scheme with co

Stock Market LIVE Updates: Ambuja Cements approved a scheme of arrangement for the amalgamation of Sanghi Industries and Penna Cement Industries with itself. According to the approved terms, Sanghi Industries' shareholders will get 12 shares of Ambuja Cements for every 100 shares of Sanghi Industries they hold. 

9:38 AM

Stock Market LIVE Updates: Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama

Stock Market LIVE Updates: Domestic brokerage Nuvama Institutional Equities is turning its attention to smaller players in the paint industry, signaling a shift in preference from industry giant Asian Paints Ltd. (APL) to Berger Paints Ltd. and Indigo Paints Ltd.

 

The brokerage sees brighter prospects for these emerging contenders in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth. READ MORE

 

 

9:27 AM

Stock Market LIVE Updates: Broader indices in red

The BSE SmallCap index was down 0.20 per cent, while the BSE MidCap index was down 0.22 per cent.