Stock Market Highlights: Sensex sheds 236 points, Nifty settles below 24,550; FMCG dips, IT shines

Markets Highlights: 35 out of 50 Nifty50 constituent stocks ended in the red, dragged by NTPC, Hindustan Unilever, Coal India, Hero MotoCorp, and BPCL

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 1 PM, the BSE Sensex was at 81,368.27, lower by 157.87 points, or 0.19 per cent, while the Nifty 50 was at 24,578.15, down by 63.65 points, or 0.26 per cent.

 

12:56 PM

Stock Market LIVE Updates: This smallcap has gained 103% within 2 months; zoomed over 300% in 6 months

Stock Market LIVE Updates: Kernex Microsystems hits new high: Shares of Kernex Microsystems hit a new high of Rs 1,385.80, as the scrip was locked in 5 per cent upper circuit on the BSE in Thursday’s intra-day trade amid heavy volumes on healthy outlook. The stock of Smallcap company is trading higher for the fifth straight day, surging 28 per cent during the period. READ MORE

 

12:53 PM

Stock Market LIVE Updates: Kamdhenu fixes January 8 as record date for 1:10 stock split

Stock Market LIVE Updates: Kamdhenu Limited today informed that it has fixed January 8 as the record date to determine the entitlement of shareholders for the purpose of stock split.

The company, in an exchange filing, said, "We wish to inform that Kamdhenu Limited has fixed Wednesday, 8th January, 2025, as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub‐ division / split of existing Equity Shares of the Company having face value of Rs. 10 each fully paid‐up into Equity Shares having face value of Re. 1 each fully paid‐up, ranking pari‐passu in all respects, as approved by the Equity Shareholders of the Company by way of Ordinary Resolution passed at the 01/2024‐25 Extra – Ordinary General Meeting held on Wednesday, 11th December, 2024."

 

12:45 PM

Stock Market LIVE Updates: Gokaldas Exports stock rallies 5%; hits record high on healthy outlook

Stock Market LIVE Updates: Shares of Gokaldas Exports hit a record high of Rs 1,161, gaining 5 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on a healthy outlook. The stock of the garments and apparels maker has surpassed its previous high of Rs 1123.75 that it hit on August 7, 2024. 

In one month, it has rallied nearly 40 per cent after the management on November 12, said that the company expects volumes to pick up in both the acquired entities in the upcoming quarters, with a sustained, stable performance of the company going forward. READ MORE

 

12:38 PM

Stock Market LIVE Updates: PSU bank stocks surge up to 39% in 2024; what does 2025 hold in store?

Stock Market LIVE Updates: The calendar year 2024 proved to be a roller coaster ride for India stock markets, marked by volatility on the back of Lok Sabha elections, Budget 2024, slowdown in corporate earnings, and sticky inflation.

 

Geopolitical tensions, especially between Israel and Iran in West Asia, various stimulus announcements by China, and Yen carry trade, too, rocked the equity boat in the outgoing calendar year. READ MORE

 

 

12:33 PM

Stock Market LIVE Updates: Asia-Pacific credit volatility expected in 2025 amid slow growth: S&P

Stock Market LIVE Updates: Asia-Pacific credit conditions are expected to become increasingly unstable in 2025 as trade and foreign policies from the incoming United States administration remain unpredictable, according to a report by S&P Global Ratings. The report, “Credit Conditions Asia-Pacific Q1 2025: Bracing For Volatility,” predicts a slowdown in the region’s economic growth, alongside intensifying financial challenges. READ MORE

 

12:25 PM

Stock Market LIVE Updates: Sentiment towards insurers to stay low amid regulatory, tax uncertainty

Stock Market LIVE Updates: Life insurance activity remained subdued in November 2024, with individual annual premium equivalent (APE) growing 7 per cent year-on-year (Y-o-Y) (two-year compound annual growth rate [CAGR]: 1 per cent) at the industry level. New surrender value guidelines became applicable from October 2024.

 

Private players registered a 15 per cent Y-o-Y growth in November 2024 (two-year CAGR: 7 per cent), compared to 12 per cent/-1 per cent in October 2024/November 2023. Public sector major Life Insurance Corporation (LIC) reported a 12 per cent Y-o-Y decline in APE (two-year CAGR: -11 per cent). READ MORE

 

 

12:19 PM

Stock Market LIVE Updates: Vishal Mega Mart IPO Day 2: Subscription reaches 0.73x, GMP zooms 27%

Stock Market LIVE Updates: Vishal Mega Mart has received a subdued response from investors for its initial public offering (IPO) that opened for subscription on Wednesday, December 11, 2024. The Rs 8,000 crore offering by the retail store chain operator has been subscribed 0.73 times as of 11:42 AM on Thursday, December 12, 2024, according to data available on the National Stock Exchange (NSE).

 

Non-Institutional Investors (NIIs) have led the demand for the Vishal Mega Mart IPO, subscribing to their reserved quota 1.71 times. Retail investors followed with a subscription of 0.71 times. READ MORE

 

12:12 PM

Stock Market LIVE Updates: Godawari Power & Ispat shares rally 8%, hits record on pact with GAIL

Stock Market LIVE Updates: Iron ore mining company Godawari Power & Ispat Ltd. (GPIL) shares were in demand on Thursday, December 12, 2024, as the stock climbed up to 8.32 per cent to hit a fresh record (all-time high) of Rs 253.60 per share. 

 

The uptick in the Godawari Power & Ispat share price came after the company announced that it has entered into an agreement with GAIL (India) Limited (GAIL) for the supply of RLNG Gas for company's upcoming pellet plant in the ordinary course of business for a period of 7 years. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty muted in trade

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday.

At 12 PM, the BSE Sensex was at 81,435.36, lower by 90.78 points, or 0.11 per cent, while the Nifty 50 was at 24,597.40, down by 44.40 points, or 0.18 per cent.

 

11:56 AM

Stock Market LIVE Updates: Nifty IT hits life high, tops 46,000; why are IT stocks in demand today?

Stock Market LIVE Updates: Nifty IT in the morning deals recorded an all-time high at 46,002.65. All 10 constituents were trading with gains and it was the only index trading in green at that hour. Among others, around 10:49 AM, Coforge shares were up over 3 per cent, Tech Mahindra was up over 2 per cent, LTIMindtree, and Persistent Systems shares were up over 1 per cent.

 

G Chokkalingam, Founder, Equinomics Research Pvt Ltd attributes the rise in information technology (IT) stocks to the depreciation of the value of the Indian rupee against the US dollar. READ MORE

 

 

11:41 AM

Stock Market LIVE Updates: Persistent Systems' market cap hits Rs 1 trillion; zooms 101% from June low

Stock Market LIVE Updates: Persistent Systems has joined the elite group of companies having a market capitalisation (market cap) of Rs 1 trillion after the stock price of the information technology (IT) company hit a new high of Rs 6,505.70, gaining 3 per cent on the BSE in Thursday’s intra-day trade.

The stock has zoomed 101 per cent from its June month low of Rs 3,232.60 after it posted strong earnings, along with guiding for healthy growth going forward. READ MORE

 

11:31 AM

Stock Market LIVE Updates: Jubilant FoodWorks drops 4% as parent buys 40% stake in Coca-Cola's bottler

Stock Market LIVE Updates: Shares of Jubilant FoodWorks dropped up to 4.1 per cent on the NSE in the early hours of trading on Thursday after the company's parent firm, the Jubilant Bhartia Group signed an agreement to buy out 40 per cent of Coca-Cola’s Indian bottling unit Hindustan CocaCola Beverages (HCCB). According to reports, the deal is pegged at around Rs 12,500 crore, valuing HCCB at Rs 31,250 crore.

 

HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west. READ MORE

 

11:20 AM

Stock Market LIVE Updates: Britannia stock down 26% from peak, tests 15-year support; Buy or Sell?

Stock Market LIVE Updates: Britannia stock has plunged nearly 27 per cent from its all-time high in a matter of just three months. The stock had registered a high of Rs 6,470 on October 1, 2024 on the BSE; post which the stock has witnessed a steady decline on the bourses.
 

In doing so, Britannia stock has broken and is seen trading below all the key moving average - the short-term 20-DMA (Daily Moving Average) and also the long-term 200-DMA. READ MORE

 

11:11 AM

Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO opens today: GMP up 32%; Should you bid?

Stock Market LIVE Updates: Rekha Jhunjhunwala-backed initial public offering (IPO) of Inventurus Knowledge Solutions opens for public subscription today, December 12, 2024. At the upper end of the price band, the company seeks to raise Rs 2,497.92 crore through the offering, which comprises an entirely offer for sale (OFS) of 18,795,510 equity shares.

The company announced that it raised Rs 1,120.18 crore from anchor investors in the bidding concluded on December 11, 2024. READ MORE