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

8:35 AM

Stock Market LIVE Updates: Sebi mandates granular disclosures for ODIs, restricts derivatives

Stock Market LIVE Updates: The market regulator on Tuesday mandated granular disclosures on ownership and economic interest for offshore derivative instruments (ODIs), aligning the rules with that for foreign portfolio investors (FPIs) to prevent any regulatory arbitrage.

ODIs, earlier referred to as participatory notes or pnotes, are financial instruments used by hedge funds to invest in Indian securities without registering onshore. READ MORE

 

8:29 AM

Stock Market LIVE Updates: Sebi eases norms for boarding of investment advisors, research analysts

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has introduced major changes in the norms governing investment advisors and research analysts (RAs), relaxing requirements on minimum qualification, experience, mandatory examination to be passed periodically, and net worth requirements.

 

Market regulator has made the changes at a time when the number of registered investment advisors (RIAs) has come down to less than 1000. READ MORE

 

 

8:25 AM

Stock Market LIVE Updates: Market regulator Sebi extends MF expense structure to new asset class

Stock Market LIVE Updates: Specialised investment fund (SIF), a new asset class, will have the same expense structure as that of mutual funds (MFs), according to rules notified by the Securities and Exchange Board of India (Sebi).

 

SIF, which was first proposed by Sebi in July 2024, aims to fill the gap between MFs and portfolio management services (PMS), and it looks at informed investors, who are willing to take riskier bets. READ MORE

 

 

8:19 AM

Stock Market LIVE Updates: Indian equities tumble, rupee hits record low as FPIs turn risk-averse

Stock Market LIVE Updates: Benchmarks Indian equity indices fell sharply on Tuesday as foreign portfolio investors (FPIs) turned risk averse ahead of the US Federal Reserve’s policy decision. The heavy selloff impacted the currency market, too, pushing the rupee to a fresh intraday low of 84.93 against the dollar before the Reserve Bank of India stepped in.

 

A record trade deficit of nearly $38 billion in November further dampened sentiment, while concerns grew over FPIs reallocating funds from Indian equities to US markets. The Sensex fell 1,064 points, or 1.3 per cent, to close at 80,684, while the broader Nifty 50 index dropped 332 points, or 1.35 per cent, to end the session at 24,336. Both indices saw their biggest single-day losses since November 28. READ MORE

 

8:14 AM

Stock Market LIVE Updates: Amfi stock reclassification -- Largecap cutoff likely to touch Rs 1 trn

The market capitalisation (mcap) cutoff to qualify for mutual funds’ (MFs’) largecap universe is likely to go up for the fifth consecutive time to touch the Rs 1 trillion mark for the first time.

 

A fresh list of largecap, midcap, and smallcap stocks is set to be released by the Association of Mutual Funds in India (Amfi) in the first week of January.

 

A report by Nuvama Alternative and Quantitative Research estimates the cutoff to go up over 18 per cent to Rs 1 trillion in the upcoming reclassification compared to the Rs 84,328 crore threshold during the previous such exercise at the end of June 2024. The cutoff has doubled since July 2023. Read more

8:12 AM

Stocks to Watch, Dec 18: Ambuja Cements, Jindal Saw, Minda Corp, ABREL

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

 

Minda Corporation:Formed a 50:50 joint venture with HCMF to establish Minda-HCMF Technologies Pvt Ltd for manufacturing automotive sunroof solutions and closure technology products.  

 

Exide Industries:  Invested Rs 99.99 crore in its unit, Exide Energy Solutions Ltd, for a greenfield lithium-ion battery manufacturing project. Total investment in the unit now stands at Rs 3,152 crore.  

 

Edelweiss Financial Services:The Reserve Bank of India (RBI) lifted business restrictions on two Edelweiss Group entities — ECL Finance Ltd and Edelweiss Asset Reconstruction Company Ltd (Edelweiss ARC).  Read more

8:10 AM

Markets today: Fed outcome; Sebi Board meet; MobiKwik, Vishal Mega listing

Stock Markets Today, December 18:Key benchmark indices – Sensex and Nifty – may open cautiously as investors await the US Federal Reserve’s interest rate decision. Early signs from GIFT Nifty Futures, trading 54 points lower at 24,364 this morning, reflect the nervous sentiment.

 

Indian markets took a sharp hit in the previous session as foreign portfolio investors (FPIs) turned wary ahead of the Fed’s policy outcome. FIIs and FPIs sold Indian equities worth Rs 6,409.86 crore on Tuesday, December 17, 2024. By comparison, DIIs bought equities worth Rs 2,706.48 crore. 

 

The heavy selling pressure spilled over into the currency markets, dragging the rupee to an intraday low of 84.93 against the dollar. The Reserve Bank of India eventually stepped in to stabilise the situation.  Read more

8:07 AM

Stock Market LIVE Updates: GIFT Nifty futures hint lower start for Sensex, Nifty

Sensex and Nifty – may open cautiously as investors await the US Federal Reserve’s interest rate decision. Early signs from GIFT Nifty Futures, trading 54 points lower at 24,364 this morning, reflect the nervous sentiment.

8:07 AM

Stock Market LIVE Updates: Asian markets mixed

Meanwhile, markets in the Asia-Pacific region were mostly higher, with only Japan's Nikkei trading with some losses on Wednesday. 
 

Japan’s benchmark Nikkei 225 was down 0.21 per cent, while the broad-based Topix was up 0.13 per cent.

 

South Korea’s Kospi was up 0.95 per cent, while the small-cap Kosdaq was 0.53 per cent lower. Australia’s S&P/ASX 200 was trading higher by 0.25 per cent.

 

Hong Kong's Hang Seng index was ahead by 0.74 per cent, while the CSI 300 was higher by 0.44 per cent, and the Shanghai Composite had climbed 0.59 per cent.

8:06 AM

Stock Market LIVE Updates: US markets settle lower

On Wall Street, the Dow made history with its first nine-day losing streak since 1978, falling 267.58 points, or 0.61 per cent, to close at 43,449.90. The S&P 500 dropped 0.39 per cent to end at 6,050.61, while the Nasdaq shed 0.32 per cent to finish at 20,109.06.

8:01 AM

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