Stock Market Highlights: Sensex ends flat at 78,472, Nifty at 23,750; Auto, pharma shares shine

Markets Today Highlights: 31 out of the 50 constituent stocks of the Nifty50 ended in the green, led by Adani Ports, Shriram Finance, Mahindra & Mahindra, Maruti Suzuki India, and SBI Life Insurance

3:59 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty opened on a positive note but remained sluggish throughout the day before closing slightly higher at 23,750. The volatility index, India VIX, surged by 6.50 per cent to 14.04, indicating increased market volatility. Technically, Nifty has been attempting to cross the 200-Day Simple Moving Average (200-DSMA) hurdle over the last three sessions but has been unable to sustain above it, forming a small red candle.

The 200-DSMA is currently placed near 23,855, which will act as an immediate hurdle for the index. A sustainable move above 23,855 will push the index further higher to 24,000-24100 levels. On the downside, 23,500 serves as immediate support. In the short term, the index is expected to consolidate within the 23,500–23,850 range, with a breakout on either side determining its future trajectory.

View by Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company)

3:56 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: On the last expiry day of the year, the domestic market remained flat throughout the day amidst holidays in peer markets and a lack of major domestic or global triggers. Auto shares saw gains from recent corrections. However, concerns over FII outflows and the depreciating rupee persist, given the strengthening US dollar index and worries about potential adverse tariffs and concerns over rate cuts in 2025, held the muted market trend.

View by Vinod Nair, Head of Research, Geojit Financial Services.

3:40 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap closed positive and Smallcap settled in the negative territory.

 

 

3:39 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: Adani Ports, M&M, SBI Life were among the top gainers on Sensex. Here is a heatmap 

 

 

3:37 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: Adani Ports, M&M, Maruti Suzuki were among the top gainers on Sensex. Here is a heatmap 

 

 

3:36 PM

Stock Market LIVE Updates: Sensex closes 0.39 pts lower at 78,472.48

Stock Market LIVE Updates: BSE Sensex closed 0.39 points lower at 78,472.48.

 

 

3:34 PM

Stock Market LIVE Updates: Nifty closes flat at 23,750.20

Stock Market LIVE Updates: NSE Nifty closed 22.55 points or 0.1 per cent lower at 23,750.20.

 

3:26 PM

Stock Market LIVE Updates: Godfrey Phillips share skyrockets 10% on roping in Siddharth Chawla as COO

Stock Market LIVE Updates: Tobacco manufacturing company Godfrey Phillips shares were in demand on Thursday, December 26, 2024, as the scrip jumped up to 9.63 per cent to hit an intraday high of Rs 5,554 apiece. Read more 

3:19 PM

Stock Market LIVE Updates: Smallcap stock gains 5% on 3:1 bonus share issue, dividend record date news

Stock Market LIVE Updates: RedTape shares rallied 5.2 per cent on the BSE in Thursday’s intraday trade to hit a high of Rs 915 per share. By comparison, the BSE Sensex was down 8 points at 78,465 level at 2:25 PM. Read more 

3:17 PM

Stock Market LIVE Updates: This recently listed stock soars 32% in 2 days; up 150% against issue price

Stock Market LIVE Updates: Shares of One Mobikwik Systems (Mobikwik) are continuing their upward trend, hitting a new high of Rs 698.30, and surging 15 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade amid heavy volumes. On Tuesday’ the stock of the fintech company had zoomed 15 per cent. The stock was trading higher for the third straight day, soaring 43 per cent during this period. Read more 

3:10 PM

Stock Market LIVE Updates: Shakti Pumps locks in 5% upper circuit, hits record high; up 16% in 3 days

Stock Market LIVE Updates: Shakti Pumps share price was locked at the 5 per cent upper circuit band on the BSE on Thursday. At 1:45 PM, the shares were frozen at the upper limit at Rs 1,061.85 per share, a fresh record high for the stock. With this, Shakti Pumps share has surged 15.7 per cent in just three sessions. Read more

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty muted in trade

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 are trading on a muted note on Thursday, in the absence of any major domestic or international triggers.

At 3 PM, the BSE Sensex was marginally higher by 15.72 points, at 78,488.59, and the Nifty50 was at 23,750, higher by 23.05 points, or 0.1 per cent.

 

2:56 PM

Stock Market LIVE Updates: Equity raised through IPOs will cross Rs 2 trillion in 2025: Report

Stock Market LIVE Updates: India has emerged as the global leader in Initial Public Offerings (IPOs), hosting twice as many IPOs as the United States and 2.5 times more than Europe, shows data analysed by Pantomath Group. In the first 11 months of 2024 alone, 76 companies raised Rs 1.3 trillion. Pantomath Group’s report now predicts Rs 2 trillion+ record-breaking IPO fundraising in 2025.

 

"India achieved a historic milestone by securing the top position globally in terms of IPO volume for the first time, surpassing both the US and Europe, with nearly double the number of IPOs listed compared to the US and two-and-a-half times more than Europe. In contrast, the US reclaimed the lead in IPO proceeds for the first time since the peak in 2021, reinforcing its status as the most vibrant and appealing market for global investors," noted the report. READ MORE

 

 

2:49 PM

Stock Market LIVE Updates: Unimech Aerospace IPO closes today; Subscription rises 33x, GMP zooms 80%

Stock Market LIVE Updates: The unlisted shares of Unimech Aerospace command a solid premium in the grey markets as their initial public offering (IPO) is set to close for public subscription today, Thursday, December 26, 2024. Unimech Aerospace IPO, which opened for subscription on Monday, December 23, 2024, is available at a price band of Rs 745-785 apiece, with a lot size of 19 shares.

 

Sources tracking grey market activities revealed that Unimech Aerospace shares were quoted at Rs 1,415 apiece, reflecting a grey market premium (GMP) of Rs 630, or 80.25 per cent against the upper end of the IPO price. READ MORE

 

2:40 PM

Stock Market LIVE Updates: Why this smallcap stock soared 20% today; zoomed 111% in two weeks

Stock Market LIVE Updates: The recently listed shares of Nisus Finance Services hit their new life time high at Rs 381.15 a piece on the BSE  in Thursday’s intraday trade. The stock was locked in a 20 per cent upper circuit after the company’s profit rose 269 per cent in the first half of financial year 2024-25 (H1FY25).

Nisus Finance Services on Tuesday reported a consolidated net profit of Rs 18.8 crore for the first half of the fiscal year 2024-25, marking a 268.63 per cent increase from Rs 5.1 crore in the same period last year. READ MORE