Market Close Highlights: Fab Friday! Sensex ends 843pts up, soars 2050pts from low; Nifty at 24,768

Markets Highlights: Friday ended in favour of the bulls, as 41 out of 50 constituent stocks ended in the green, led by Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, and UltraTech Cement

9:41 AM

Stock Market LIVE Updates: JK Tyre climbs 2.8% after securing Rs 267 crore term loan from Germany's DEG

Stock Market LIVE Updates: Germany's DEG will provide the tyre manufacturer with a long-term loan of €30 million (Rs 267 crore). 

 

9:38 AM

Stock Market LIVE Updates: Zomato drops 2.5% after co gets GST notice for Rs 803 crore

Stock Market LIVE Updates: The goods and services tax (GST) department in Thane has imposed a tax demand of Rs 803.4 crore on the food delivery aggregator Zomato, including interest and penalty.

 

9:35 AM

Stock Market LIVE Updates: HDFC Bank trades lower after disclosing Sebi warning letter for norms violation

Stock Market LIVE Updates: HDFC Bank received an administrative warning letter from the Securities and Exchange Board of India (Sebi). The December 9 letter highlighted alleged noncompliance with certain provisions of regulations governing merchant bankers, capital issuance, and insider trading.

 

9:27 AM

Stock Market LIVE Updates: JSW Steel, Tata Steel fall on NSE

JSW Steel, Tata Steel and Shriram Finance were among the top losers on NSE.

9:25 AM

Stock Market LIVE Updates: All sectors in red

Nifty Metal was the top loser among sectors, followed by Nifty PSU Bank and Nifty Pharma.

9:22 AM

Stock Market LIVE Updates: Broader indices drop

The BSE SmallCap index fell 0.40 per cent, while the BSE MidCap index slipped 0.41 per cent.

9:20 AM

Stock Market LIVE Updates: Heatmap check

Tata Steel, JSW Steel, IndusInd Bank and M&M top losers on the BSE Sensex.

9:18 AM

Stock Market LIVE Updates: Nifty50 slips below 24,500 level

The NSE's Nifty50 fell 54 points or 0.22 per cent at 24,494 level.

9:17 AM

Stock Market LIVE Updates: Sensex down over 100 pts

The BSE Sensex fell 122 points or 0.15 per cent at 81,167 level in early trades of Friday.

9:10 AM

Stock Market LIVE Updates: Nifty falls below 24,500 in pre-open

NSE's Nifty50 settled at 24,498 in pre-open, down 0.21 per cent.

9:09 AM

Stock Market LIVE Updates: Sensex settles mildly lower in pre-open

The BSE Sensex stood 0.11 per cent lower at 81,202 level in pre-open.

9:04 AM

Stock Market LIVE Updates: Rupee opens at Rs 84.86

Rupee opened at Rs 84.86 per US dollar on Friday. 

9:03 AM

Stock Market LIVE Updates: Nifty is unlikely to break from the range of 24,500-24,850

In the near-term the market has a headwind and a tailwind. The headwind is the resumption of selling by the FIIs who sold stocks for Rs 3560 crores yesterday. Given the high valuations in India FIIs are likely to sell more at every market rise. Selling has been profitable for FIIs since the dollar has been appreciating after the US election. The tailwind which can support the market is the declining inflation.

 

November CPI inflation at 5.48 per cent has come within the RBI’s tolerance limit. If this trend continues it can pave the way for a rate cut by the MPC in February. However, the rising dollar is a concern since it can  lead to imported inflation. Nifty is unlikely to break from the range of 24500 - 24850. Buying will emerge at the lower end of the band and selling will resume at the higher end of the band.

(View by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services)

8:55 AM

Stock Market LIVE Updates: Tata Motors to hike commercial vehicle prices by up to 2% from January 2025

Stock Market LIVE Updates: Tata Motors, India’s leading commercial vehicle manufacturer, has announced a price hike of up to 2 per cent across its entire range of trucks and buses. The increase will take effect from January 1, 2025.

 

This decision comes in response to the persistent rise in input costs, which has been impacting the automobile industry. “The price increase is to offset the rise in input costs,” Tata Motors stated. READ MORE

 

 

8:54 AM

Stock Market LIVE Updates: Toss The Coin IPO allotment today: Check status, GMP, likely listing gain

Stock Market LIVE Updates: The basis of allotment for Toss The Coin IPO shares is expected to be finalised today, Friday, December 13, 2024. The initial public offering (IPO), which closed its three-day subscription window on Thursday, December 12, 2024, witnessed massive investor demand, with a subscription rate exceeding 1,025 times. READ MORE