Stock Market Highlights: Sensex sheds 67pts, Nifty settles at 23,727; Smallcap shares shine

Markets Today Highlights: After scaling the day's high of 78,877.36, the 30-share Sensex took a retreat and settled at 78,472.87, down 67.30 points or 0.09 per cent from its previous close

SI Reporter New Delhi

The Securities and Exchange Board of India (Sebi) has proposed measures to regulate algorithmic (algo) trading by retail investors, introducing new checks and balances for stock brokers and exchanges. Currently, algo trading is dominated by instituti

10:15 AM

Stock Market LIVE Updates: Biocon climbs 2% on Decentralized Procedure nod for diabetes drug Liraglutide

Stock Market LIVE Updates: Biocon today informed that the company, along with its European partner, Zentiva, have received a Decentralized Procedure approval for its diabetes drug, Liraglutide.

The company, in an exchange filing, said, "This is to inform you that the Company and it European partner, Zentiva, have received a Decentralized Procedure (DCP) approval for its complex formulation, Liraglutide, in the European Union (EU). The approval is for the generic versions of Victoza® to treat Type-2 Diabetes and Saxenda® used in the treatment of weight management."

10:08 AM

Stock Market LIVE Updates: Greaves Cotton share price up 4% as unit files DRHP for Rs 1,000 crore-IPO

Stock Market LIVE Updates: Greaves Cotton share price soared up to 3.83 per cent to hit an intraday high of Rs 238 apiece on Tuesday, December 24, 2024.

However, at 9:26 AM, the Greaves Cotton shares were off day’s high and were trading 1.33 per cent higher at Rs 232.25 per share. In comparison, BSE Sensex was trading 0.06 per cent higher at 78,586.65 levels.

The uptick in Greaves Cotton share price came after the company announced that its material subsidiary, Greaves Electric Mobility Limited, has filed a Draft Red Herring Prospectus (DRHP) dated December 23, 2024 with the Securities and Exchange Board of India (Sebi), BSE Limited and National Stock Exchange of India Limited for Rs 1,000 crore initiate public offering (IPO). READ MORE

10:02 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty climb after subdued start

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, amid firm global cues.

At 10 AM, the BSE Sensex was higher by 146 points, or 0.19 per cent, at 78,686.20, while the Nifty50 was at 23,800.95, ahead marginally by 47.50 points, or 0.2 per cent.

9:52 AM

Stock Market LIVE Updates: Websol Energy Systems gains 3.7% as its Falta plant capacity expansion gathers pace

Stock Market LIVE Updates: Updates on its 600 MW cell line capacity expansion at the Falta plant, with equipment orders placed and production expected to commence by July 2026.

9:48 AM

Stock Market LIVE Updates: HG Infra climbs 5.6% as unit signs 185 MW/370 MWh battery energy storage deal

Stock Market LIVE Updates: Subsidiary H.G. Banaskantha BESS Pvt Ltd has signed a battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam Limited for a 185 MW/370 MWh project on a long-term basis.

9:44 AM

Stock Market LIVE Updates: TVS Motor climbs over 1% as it buys 39.11% addtional stake in DriveX

Stock Market LIVE Updates: Completed the acquisition of an additional 39.11 per cent stake in DriveX, increasing its total holding to 87.38 per cent.

9:38 AM

Stock Market LIVE Updates: Aurionpro climbs over 4% as it expands into Europe with acquisition of Fenixys

Stock Market LIVE Updates: Aurionpro Solutions today informed that it has acquired Fenixys, a consulting firm specialising in providing capital markets services to leading banks and financial institutions across Europe and the Middle East.

The company, in an exchange filing, said, "This strategic acquisition strengthens Aurionpro's banking and fintech strategy to expand its footprint in Europe and the Middle East."

The transaction comprises an all-cash deal for the acquisition of the entire stake in Fenixys for a total of 10 million euros.

9:35 AM

Stock Market LIVE Updates: Nava climbs 3.6% as board approves stock split in ratio of 1:2

Stock Market LIVE Updates: The company's board approved a stock split, dividing each equity share of Rs 2 face value into two shares of Rs 1 face value, with corresponding amendments to the Memorandum and Articles of Association.

9:33 AM

Stock Market LIVE Updates: Transrail Lighting IPO: Check allotment status, GMP, expected listing price

Stock Market LIVE Updates: Following the closure of the subscription window for the Transrail Lighting IPO, the basis of allotment is expected to be finalized today, December 24, 2024. The public issue was open for subscription from December 19 to December 23, 2024, with a price band of Rs 410–432 per share and a lot size of 34 shares.

The Rs 838 crore IPO received an overwhelming response, with bids for 1,12,44,40,452 shares against the 1,39,16,742 shares on offer, resulting in an oversubscription of 80.80 times. Qualified Institutional Buyers (QIBs) led the demand, oversubscribing their reserved portion by 201.06 times, according to BSE data. READ MORE

9:20 AM