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

9:07 AM

Stock Market LIVE Updates: Sensex up 169 points in pre-open

Stock Market LIVE Updates: Sensex jumps 169 points in pre-open 

8:58 AM

Stock Market LIVE Updates: Year in review: 5 important regulatory changes by Indian govt in 2024

Stock Market LIVE Updates: The year 2024 marked significant strides in regulatory reforms across various sectors in India, reflecting the government's commitment to fostering innovation, sustainability, and a fair business environment.

 

From streamlining patent procedures to addressing AI governance, liberalising foreign investments, tackling digital monopolies, and introducing green steel standards, these landmark changes aim to position India as a global leader in economic and technological progress. Here’s a closer look at five key regulatory changes that shaped the year. READ MORE

 

8:56 AM

Stock Market LIVE Updates: Top defence stocks for 2025: Nuvama bets big on BEL, Data Patterns

Stock Market LIVE Updates: The world feels like a giant chessboard, where nations are the players, each making strategic moves to secure dominance—economically, politically, and militarily, according to domestic brokerage Nuvama Institutional Equities. 

 

Amid this global uncertainty, India is fortifying its position by focusing on strengthening its defence. Recognising this shift, analysts at Nuvama Institutional Equities are placing a big bet on India's defence sector for 2025, with Bharat Electronics Limited (BEL) and Data Patterns (India) emerging as their top picks. READ MORE

 

8:53 AM

Stock Market LIVE Updates: Aurionpro expands into Europe with acquisition of Paris-based Fenixys for EUR 10 mn

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. 

"This acquisition allows Aurionpro to continue its geographical expansion into Europe by leveraging Fenixys' experience of over 10 years in partnering with financial institutions undertaking IT transformations, as well as their deep relationships with major banks across Europe and the Middle East," it added.

Fenixys, headquartered in Paris with offices in the UK, Denmark, and the Middle East, is known for its expertise in advisory, project management, enterprise architecture, and MUREX services. 

 

8:49 AM

Stock Market LIVE Updates: Non-life insurers' profit in green in FY24 after 2 straight years of losses

Stock Market LIVE Updates: After two successive years of reporting losses, the non-life insurance industry has turned profitable in FY24.

The aggregate net profit of the non-life insurance industry, which includes general insurers, standalone health insurers, and specialised PSU insurers, stood at Rs 10,119 crore in FY24. This compares to a net loss of Rs 2,566 crore in FY23 and a net loss of Rs 2,857 crore in FY22, according to the Insurance Regulatory and Development Authority’s (Irdai) annual report for FY24. READ MORE

 

 

8:44 AM

Stock Market LIVE Updates: Say no to NFOs, buy direct plans and seek suggestions from Sebi RIAs

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) has implemented a new rule to curb unnecessary portfolio churn by distributors, usually done during the launch of new fund offers (NFOs) to pocket higher commissions.

 

Now, distributors switching investors from one fund to another will receive the lower commission of the two schemes. READ MORE

 

8:40 AM

Stock Market LIVE Updates: DAM Capital Advisors IPO allotment: Check status, GMP, likely listing price

Stock Market LIVE Updates: The basis of allotment for DAM Capital Advisors' Rs 840-crore IPO is expected to be finalised today, December 24, 2024. The public issue, which closed for subscription on December 23, received strong demand, getting oversubscribed 82.08 times, as per data available on the BSE. DAM Capital Advisors offered shares in a price band of Rs 269-283 with a lot size of 53 shares.

 

By the end of the subscription period, the issue received bids for 1,70,76,86,129 shares against the 2,08,04,632 shares on offer. READ MORE

 

8:32 AM

Stock Market LIVE Updates: India's economy faces slower growth in 2025, macro risks intensify

Stock Market LIVE Updates: The year 2024 can be characterised as a “strong start, weaker finish” for India’s economy. It started with Goldilocks-like settings, with real gross domestic product (GDP) growth closer to 8 per cent and gradually easing inflation.

In the last few months, however, policy tradeoffs have worsened, due to a sharper-than-expected slump in GDP growth, higher food inflation, and currency depreciation pressures. As we turn the page, what does 2025 hold in store? READ MORE

 

8:27 AM

Stock Market LIVE Updates: Food inflation continues to play spoilsport for FMCG sector: Kantar report

Stock Market LIVE Updates: The fast-moving consumer goods (FMCG) sector has witnessed a significant slowdown due to rising inflation, the latest Kantar FMCG Pulse report has found. According to the report, it is not just urban markets but rural ones too that are showing signs of a slowdown.

The August-October (ASO) quarter reported growth of just 4.3 per cent, compared to 6.4 per cent in the same quarter last year, Kantar said. READ MORE

 

8:25 AM

Stock Market LIVE Updates: Mid-Year Review: Govt sets focus on public spending, social security net

Stock Market LIVE Updates: Ahead of the 2025-26 Budget presentation, the finance ministry’s Mid-Year Review for 2024-25 said that the thrust 

of the government during the next financial year will be on “improving the quality of public spending” while simultaneously “strengthening the social security net for the poor and needy.” READ MORE

 

8:22 AM

Stock Market LIVE Updates: Mamata Machinery IPO allotment today: Check status, GMP, listing schedule

Stock Market LIVE Updates: The basis of allotment of Mamata Machinery IPO shares is likely to be finalised today, Tuesday, December 24, 2024. The public offering closed for subscription on Monday, December 23, 2024, receiving enthusiastic participation from investors with it getting oversubscribed by nearly 200 times.

 

Once the allotment of Mamata Machinery IPO shares is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue. READ MORE

 

 

8:19 AM

Stock Market LIVE Updates: BSE postpones bidding for Solar91 Cleantech's Rs 106 cr IPO amid concerns

Stock Market LIVE Updates: The BSE on Monday postponed the bidding for the initial public offering (IPO) of Solar91 Cleantech, a small and medium enterprise (SME), following complaints in the media.

 

The anchor book was scheduled to open on Monday. Solar91 Cleantech specialises in providing Engineering, Procurement, and Construction (EPC) solutions for renewable energy. READ MORE

 

8:09 AM

Stock Market LIVE Updates: New listings through IPOs add 3% to India's market capitalisation in 2024

Stock Market LIVE Updates: New listings through initial public offerings (IPOs) in 2024 contributed nearly 3 per cent (Rs 14 trillion) to India's market capitalisation, surpassing last year's contribution of 1.4 per cent (Rs 5 trillion).

 

According to Motilal Oswal, this year's absolute contribution is the highest ever, although 2017 and 2019 saw higher percentage contributions (3.7 per cent and 3.4 per cent, respectively). READ MORE

 

8:08 AM

Stock Market LIVE Updates: IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

Stock Market LIVE Updates: The five initial public offerings (IPOs) that closed on Monday attracted cumulative bids worth Rs 1.4 trillion against Rs 2,909 crore they were looking to raise. These offerings were subscribed between 11 and 195 times.

 

Mamata Machinery, a limited manufacturer of machines used for making plastic bags, saw the highest oversubscription at 195x.  The company’s Rs 179 crore IPO was entirely an offer for sale. READ MORE

 

8:06 AM

Stock Market LIVE Updates: Sebi suspends trading in Bharat Global Developers alleging lapses

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Monday suspended trading in Bharat Global Developers, valued at over Rs 12,000 crore, after it found lapses in the company’s financials and disclosures, and fraudulent preferential allotment.

 

In an interim order, the market regulator has also debarred 17 others, including MD, CEO and directors, from buying, selling or dealing in the securities market until further orders. The compliance officer has also been restrained from associating with any listed company. READ MORE