Stock Market Crash Highlights: Sensex sheds 1,258 pts in broad sell-off, Nifty at 23,616; VIX up 15%
Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda
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12:39 PM
The company, in an exchange filing, said, "Airtel has installed 287 new sites, optimised over 340 existing sites and has laid an additional 74 kilometers of fiber in the city to enhance mobile coverage. Within the Kumbh mela premise, that spans several kilometers, the company has deployed 78 active cell on wheels (COW). These measures will ensure seamless connectivity not only within the mela premise but also cover highways, railway stations, airport, hotels and high footfall areas across the Prayagraj city".
The company added that it has constituted a dedicated disaster management team that has been equipped with essential resources including extra generators, diesel, and critical equipment, to ensure rapid response in case of any network exigencies.
Stock Market LIVE Updates: Airtel enhances network coverage in Prayagraj ahead of Maha Kumbh
Stock Market LIVE Updates: Bharti Airtel today informed that it has taken several measures to enhance connectivity and coverage in Prayagraj city before the Maha Kumbh.
The company, in an exchange filing, said, "Airtel has installed 287 new sites, optimised over 340 existing sites and has laid an additional 74 kilometers of fiber in the city to enhance mobile coverage. Within the Kumbh mela premise, that spans several kilometers, the company has deployed 78 active cell on wheels (COW). These measures will ensure seamless connectivity not only within the mela premise but also cover highways, railway stations, airport, hotels and high footfall areas across the Prayagraj city".
The company added that it has constituted a dedicated disaster management team that has been equipped with essential resources including extra generators, diesel, and critical equipment, to ensure rapid response in case of any network exigencies.
12:34 PM
Stock Market LIVE Updates: ITC demerger: 7 hotel stocks with up to 15% upside potential as per charts
Stock Market LIVE Updates: The stock exchanges - the BSE and NSE - conducted a special one-hour trading session on Monday, January 06, 2025, for price discovery of ITC Hotels share as per the record date set by ITC for the hotel business demerger.
The special one-hour trading session was conducted from 9 AM - 10 AM today. Post the special trading session, ITC stock started trading for the day at Rs 455 - down 5.4 per cent compared to its previous trading sessions. ITC had set a demerger ratio of 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025. Post demerger, ITC will continue to hold 40 per cent equity stake in the Hotel business. READ MORE
12:23 PM
The company, in an exchange filing, said, "The Board of Directors of the Company, at its meeting held on 06 January 2025, has considered and appointed Mr Karthik Yathindra, as Chief Executive Officer with effect from 01 April 2025, by elevating him from President – Chief Sales and Marketing Officer."
It added that Yathindra will continue to report to V S Ganesh, Managing Director.
Stock Market LIVE Updates: Page Industries elevates Karthik Yathindra to CEO role, effective from April 1
Stock Market LIVE Updates: Page Industries today informed that it has elevated Karthik Yathindra, currently serving as President, Chief Sales and Marketing Officer, to the role of Chief Executive Officer, effective from April 1, 2025.
The company, in an exchange filing, said, "The Board of Directors of the Company, at its meeting held on 06 January 2025, has considered and appointed Mr Karthik Yathindra, as Chief Executive Officer with effect from 01 April 2025, by elevating him from President – Chief Sales and Marketing Officer."
It added that Yathindra will continue to report to V S Ganesh, Managing Director.
12:13 PM
Stock Market LIVE Updates: Quick-service restaurant stocks in demand: Jubilant, Devyani rally up to 5%
Stock Market LIVE Updates: Shares of listed quick-service restaurant companies are in demand; they have rallied by up to 5 per cent on the BSE in Monday’s intra-day trade after Jubilant FoodWorks (JFL) reported a strong business update for the quarter ended December 2024 (Q3FY25).
Shares of Domino’s operator JFL hit a fresh 52-week high of Rs 796.75, as they rallied 5 per cent amid heavy volumes. Since December, the stock has surged 24 per cent. The group has a strong portfolio of brands in emerging markets, with franchise rights for three global brands - Domino’s, Popeyes and Dunkin’ Donuts – and two own-brands, Hong’s Kitchen, an Indo-Chinese quick-service restaurant (QSR) brand in India, and a CAFÉ brand - COFFY in Turkey. READ MORE
12:02 PM
At 12 PM, the BSE Sensex was lower by 1,222.19 points, or 1.54 per cent, at 78,000.92, while the Nifty50 was at 23,607.30, lower by 397.45 points, or 1.66 per cent.
Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade with deep cuts
Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading with deep cuts on Monday, amid mixed global cues.
At 12 PM, the BSE Sensex was lower by 1,222.19 points, or 1.54 per cent, at 78,000.92, while the Nifty50 was at 23,607.30, lower by 397.45 points, or 1.66 per cent.
11:53 AM
On the NSE, ITC stock settled at Rs 455.6 per share after the special session.
Stock Market LIVE Updates: ITC stock adjusts for hotel biz post demerger; check latest share price
Stock Market LIVE Updates: ITC share price settled at Rs 455 per share on the BSE on Monday, January 6, 2025, at the end of the special session conducted by the exchanges for the price discovery of the conglomerate’s hotel business.
On the NSE, ITC stock settled at Rs 455.6 per share after the special session.
The stock exchanges, NSE and BSE, conducted a special trading session for ITC shares today to determine the value, via price discovery method, of ITC’s hotel business post the demerger. READ MORE
11:47 AM
Stock Market LIVE Updates: Leo Dry Fruits IPO allotment today; check status, GMP, listing schedule
Stock Market LIVE Updates: The basis of the allotment of shares of Leo Dry Fruits and Spices is likely to be finalised today, following the closure of the subscription window for its initial public offering (IPO). Leo Dry Fruits, an SME offering comprising an entirely fresh issue of 48,30,000 equity shares at a price band of Rs 51-52 apiece and a lot size of 2,000 shares, witnessed enthusiastic participation from investors. The IPO was oversubscribed by a whopping 181 times by Friday, January 3, 2025.
Once the allotment of Leo Dry Fruits IPO shares is finalised, investors who applied for the public offering can check the allotment status on the official websites of BSE and Bigshare Services, which is also the registrar of the issue. READ MORE
11:46 AM
The company, in an exchange filing, said, "This is to inform you that the Board of Directors of Happy Forgings Limited at their meeting held today, i.e., on Monday, January 6, 2025 has inter alia, approved capex budget of ~Rs. 650 crores to set up facilities for heavy weight forged and machined components".
The company added that the investment will go into setting-up advanced forging capabilities for heavy weight components weighing up to 3,000 kilograms—the first such facility in Asia and the second largest globally. "Investment in these capabilities will strategically position HFL to serve the nonautomotive industrial segment, addressing niche applications areas where heavyweight components are critical," it said.
The company further said that the components forged at the new facility will primarily be for Heavy forged and machined components for non-automotive sectors like power generation, marine, mining, high-horsepower farm equipment, material handling equipment and cranes, wind energy, oil & gas and other specialized segments like aerospace, defense and nuclear.
It added that the capex is scheduled to be done over a period of the next two to three years.
Stock Market LIVE Updates: Happy Forgings board approves Rs 650-cr capex for heavy-weight components facility
Stock Market LIVE Updates: Happy Forgings informed that its Board of Directors today has approved capex budget of Rs 650 crore, to set up facilities for heavy weight forged and machined components.
The company, in an exchange filing, said, "This is to inform you that the Board of Directors of Happy Forgings Limited at their meeting held today, i.e., on Monday, January 6, 2025 has inter alia, approved capex budget of ~Rs. 650 crores to set up facilities for heavy weight forged and machined components".
The company added that the investment will go into setting-up advanced forging capabilities for heavy weight components weighing up to 3,000 kilograms—the first such facility in Asia and the second largest globally. "Investment in these capabilities will strategically position HFL to serve the nonautomotive industrial segment, addressing niche applications areas where heavyweight components are critical," it said.
The company further said that the components forged at the new facility will primarily be for Heavy forged and machined components for non-automotive sectors like power generation, marine, mining, high-horsepower farm equipment, material handling equipment and cranes, wind energy, oil & gas and other specialized segments like aerospace, defense and nuclear.
It added that the capex is scheduled to be done over a period of the next two to three years.
11:35 AM
By comparison, the benchmarks BSE Sensex, and NSE Nifty were higher by 0.1 per cent and 0.15 per cent, respectively, at 9:23 AM.
Stock Market LIVE Updates: Jubilant FoodWorks share rallies 4.5%, hits 52-week high post Q3 update
Stock Market LIVE Updates: Jubilant Food share price today rallied 4.5 per cent on the stock exchanges. Jubilant FoodWorks share price hit an intraday high of Rs 793.2 per share on the BSE, and Rs 794.35 per share on the NSE – also the stock’s fresh 52-week high.
By comparison, the benchmarks BSE Sensex, and NSE Nifty were higher by 0.1 per cent and 0.15 per cent, respectively, at 9:23 AM.
The rise in Jubilant Food share came after the company shared a healthy Q3 quarter business update earlier today. Remember, Jubilant FoodWorks owns brands like Domino’s Pizza, Popeyes, Dunkin’ Donuts, and Hong’s Kitchen. READ MORE
11:34 AM
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company at its meeting held today, commenced at 10:36 am and concluded at 11:07 am at the registered office of the Company wherein Board of Directors, inter alia, has: 1. Considered and approved the allotment of 6,56,30,202 equity shares having face value of Rs.5 each as bonus equity shares, in the ratio of One (1) equity share having face value of Rs. 5 each for every Two (2) existing equity share having face value of Rs. 5 each, to the Members whose names appeared in the Register of Members/List of beneficial owners as on January 03, 2025, being the record date fixed for that purpose".
Stock Market LIVE Updates: KPI Green Energy board approves bonus share issue of 6.56 crore shares
Stock Market LIVE Updates: KPI Green Energy today informed that its Board of Directors has approved the allotment of 6.56 crore equity shares as bonus equity shares, in the ratio of 1:2, for the bonus issue that had January 3 as the record date.
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company at its meeting held today, commenced at 10:36 am and concluded at 11:07 am at the registered office of the Company wherein Board of Directors, inter alia, has: 1. Considered and approved the allotment of 6,56,30,202 equity shares having face value of Rs.5 each as bonus equity shares, in the ratio of One (1) equity share having face value of Rs. 5 each for every Two (2) existing equity share having face value of Rs. 5 each, to the Members whose names appeared in the Register of Members/List of beneficial owners as on January 03, 2025, being the record date fixed for that purpose".
THe company added that the the paid-up equity share capital of the company stands increased from Rs. 65,63,02,015, comprising 13,12,60,403 Equity Shares of Rs. 5 each to Rs 98,44,53,025, comprising 19,68,90,605 equity shares of Rs. 5 each.
11:26 AM
The company, in an exchange filing, said, its Board of Directors has approved an increase in the company’s Authorized Share Capital from Rs 40 crores to Rs 50 crores, with the new shares ranking pari passu with the existing equity shares.
The company will issue up to 5,00,00,000 convertible warrants at an issue price of Rs 9 each, aggregating Rs 45 crores.
These warrants will be allocated to both Promoters such as Jasjot Singh, Healthy Biosciences Limited, Non-Promoters, including Al Maha Investment Fund PCC, Minerva Ventures Fund, Veer Energy & Infrastructure Limited, Gala Finance and Investment Private Limited, the company added. Each warrant is convertible into one equity share, with a conversion ratio of 1:1, at the same price.
Stock Market LIVE Updates: Ajooni Biotech to raise Rs 45 crore, with issue of 5 crore convertible warrants
Stock Market LIVE Updates: Ajooni Biotech today informed that it has made two strategic decisions aimed at enhancing its financial structure and supporting future growth initiatives.
The company, in an exchange filing, said, its Board of Directors has approved an increase in the company’s Authorized Share Capital from Rs 40 crores to Rs 50 crores, with the new shares ranking pari passu with the existing equity shares.
The company will issue up to 5,00,00,000 convertible warrants at an issue price of Rs 9 each, aggregating Rs 45 crores.
These warrants will be allocated to both Promoters such as Jasjot Singh, Healthy Biosciences Limited, Non-Promoters, including Al Maha Investment Fund PCC, Minerva Ventures Fund, Veer Energy & Infrastructure Limited, Gala Finance and Investment Private Limited, the company added. Each warrant is convertible into one equity share, with a conversion ratio of 1:1, at the same price.
11:22 AM
Stock Market LIVE Updates: NTPC Green shares gain 4% in trade; What's boosting upmove in stock?
Stock Market LIVE Updates: NTPC Green Energy shares advanced 3.6 per cent in Monday's trade on BSE, logging an intraday high at Rs 133.05 per share. The stock was in demand after the company arm NTPC Renewable Energy emerged as a successful bidder in the e-reverse auction conducted by Uttar Pradesh Power Corporation. Additionally, NTPC Green and Uttar Pradesh Rajya Vidyut Utpadan Nigam formed a joint venture to develop, operate, and maintain Renewable Energy Parks and projects.
However, around 10:07 AM, NTPC Green share price pared gains and was up 0.27 per cent at Rs 128.7 per share on BSE. In comparison, the BSE Sensex was up 0.10 per cent at 79,302.39. READ MORE
11:12 AM
The company, in an exchange filing, said, "This is to inform you that the Company, has today initiated commencement of trial production at its state-of-the-art 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat".
Stock Market LIVE Updates: Waaree Energies begins trial production at cell making facility at Chikhli, Gujarat
Stock Market LIVE Updates: Waaree Energies today informed that it has started trial production at its 5.4 GW solar cell manufacturing faciity in Chikhli, Gujarat.
The company, in an exchange filing, said, "This is to inform you that the Company, has today initiated commencement of trial production at its state-of-the-art 5.4 GW solar cell manufacturing facility in Chikhli, Gujarat".
11:09 AM
The company's stellar business update revealed robust growth across key metrics. Assets under Management (AUM) surged 28 per cent year-on-year (Y-o-Y) to Rs 398,000 crore as of December 31, 2024, compared to Rs 310,968 crore a year earlier. AUM expansion during the quarter alone stood at an impressive Rs 24,100 crore. READ MORE
Stock Market LIVE Updates: Bajaj Finance share rises 3% on robust Q3 business nos.; brokerages upbeat
Stock Market LIVE Updates: Bajaj Finance shares gained major traction on Monday, January 6, 2025, climbing 2.52 per cent to hit an intraday high of Rs 7,599 on the BSE. The financial powerhouse emerged as the top gainer on the exchange, buoyed by a strong performance in the December quarter (Q3FY25).
The company's stellar business update revealed robust growth across key metrics. Assets under Management (AUM) surged 28 per cent year-on-year (Y-o-Y) to Rs 398,000 crore as of December 31, 2024, compared to Rs 310,968 crore a year earlier. AUM expansion during the quarter alone stood at an impressive Rs 24,100 crore. READ MORE
11:03 AM
At 11 AM, the BSE Sensex was lower by 536.87 points, or 0.68 per cent, at 78,686.24, while the Nifty50 was at 23,825.55, behind by 179.20 points, or 0.75 per cent.
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 with deep cuts on Monday, amid mixed global cues.
At 11 AM, the BSE Sensex was lower by 536.87 points, or 0.68 per cent, at 78,686.24, while the Nifty50 was at 23,825.55, behind by 179.20 points, or 0.75 per cent.
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First Published: Jan 06 2025 | 7:44 AM IST
