Stock Market Crash Highlights: Sensex sinks 1064pts, Nifty ends below 24340; Auto, banks, metals dip

Markets Crash Today Highlights: The day ended in favour of bears as all the constituent stocks of Nifty50, barring Cipla and ITC, ended in the red

9:15 AM

Stock Market LIVE Updates: Sensex opens at 81,511.81

Stock Market LIVE Updates: Sensex opens at 81,511.81

9:08 AM

Stock Market LIVE Updates: Nifty down 81 points in pre-open

Stock Market LIVE Updates: Nifty down 81 points in pre-open

9:08 AM

Stock Market LIVE Updates: Sensex down 234 points in pre-open

Stock Market LIVE Updates: Sensex down 234 points in pre-open

9:00 AM

Stock Market LIVE Updates: 'Any departure from dovish commentary will be negative from market's perspective'

Stock Market LIVE Updates: "Globally markets will be looking forward to the FOMC outcome on Wednesday. Markets have already discounted a 25bp rate cut and, therefore, the focus will be on the Fed chief’s commentary. Any departure from a dovish commentary will be a negative from the market perspective. This is only a remote possibility. The US  services PMI coming strong at 58.5 per cent indicates a resilient economy, which augurs well for the market.

The sharp spike in India’s trade deficit to $37.8 billion in November will put pressure on the rupee pushing it towards 85 to the dollar. Exporters like IT and pharma will benefit from depreciating rupee and for importers the import cost will increase. This will have an impact on their stock prices."

Views by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:57 AM

Stock Market LIVE Updates: How AU Small Finance Bank is luring India's affluent with premium banking

Stock Market LIVE Updates: AU Small Finance Bank (AU SFB), India’s largest small finance bank, on Monday launched a premium banking program – AU Eternity- to cater to India’s rapidly growing affluent segment. 

 

AU Eternity offers a unique blend of luxurious banking services and personalized privileges,  powered by a strategic partnership with Mastercard. READ MORE

 

8:56 AM

Stock Market LIVE Updates: China's factories seek to Trump-proof their business by going global

Stock Market LIVE Updates: Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.”

 

A sports gear maker is completing a new plant in Vietnam, hoping to dodge any new trade measures directed at made-in-China goods. A hat manufacturer plans to sell more to Europeans. And a metal castings company may turn its attention back to the Chinese market despite the slowing economy. READ MORE

 

8:54 AM

Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO allotment: Check status, GMP, and more

Stock Market LIVE Updates: The basis of allotment for Inventurus Knowledge Solutions (IKS) IPO shares is likely to be finalised today, Tuesday, December 17, 2024. The public offering closed for subscription on Monday, December 16, 2024, with strong participation from investors. READ MORE

 

8:53 AM

Stock Market LIVE Updates: FMCG major Dabur India's stock seems reasonably valued post correction

Stock Market LIVE Updates: Analysts’ interactions with Mohit Malhotra, chief executive officer (CEO) of Dabur India (Dabur), give a clear picture of the demand trends in the fast-moving consumer goods (FMCG) space and the company’s strategy.

 

A recent stock correction has brought valuations to reasonable levels. Analysts seemed positive on the stock. READ MORE

 

8:52 AM

Stock Market LIVE Updates: Paytm closes above Rs 1k mark after 3 yrs; firm value crosses Rs 64k cr

Stock Market LIVE Updates: One97 Communications (Paytm) closed above the Rs 1,000 mark for the first time in three years. Shares ended at Rs 1,007, up 2.32 per cent, valuing the firm at Rs 64,184 crore.

 

Shares of Paytm have rallied nearly 30 per cent in the past one month. The gains come amid a sale by firm’s Singapore unit in Japanese payments company PayPay for Rs 2,364 crore last week. READ MORE

 

 

8:50 AM

Stock Market LIVE Updates: Bureaucratic interventions in the form of QCOs hurt Indian manufacturing

Stock Market LIVE Updates: The government has stated in recent years that India is taking a pragmatic approach to trade and economic integration. It has sought better utilisation of existing free-trade agreements and looked for new ones to sign. Partly this is because it recognises that, for manufacturing to grow, India must become part of global value chains. Yet, at the same time, it has introduced a new licence-permit system that traders in multiple sectors must deal with. 

The number of “quality control orders”, or QCOs, has multiplied. These restrict imports of goods unless various certifications are obtained, particularly from the Bureau of Indian Standards (BIS). READ MORE

 

8:49 AM

Stock Market LIVE Updates: Life insurance firms adjust term premiums by 5-10% ahead of FY25 end

Stock Market LIVE Updates: A mixed trend is emerging in the life insurance sector ahead of the end of the financial year 2024-2025 (FY25), with some major players reducing premiums on their term products to drive sales, while others are increasing them to protect margins and remain competitive in the market, industry insiders have said.

 

HDFC Life Insurance – the second largest life insurer in the country – has increased its term life insurance premiums by about 5 per cent for sums insured of ~50 lakhs and above, according to distributors. Term business accounts for almost 6 per cent of the insurer’s business as of the April-September period of FY25. READ MORE

 

 

8:48 AM

Stock Market LIVE Updates: Labour ministry seeks to lower budget allocation for ELI schemes for FY25

Stock Market LIVE Updates: The Ministry of Labour and Employment has urged the Ministry of Finance to pare down allocation for three Employment Linked Incentive (ELI) schemes for the current financial year (FY25) by almost a third to Rs 6,852 crore in the revised estimates (RE), citing the eligibility conditions and limited time available for the schemes in FY25. READ MORE

 

 

8:47 AM

Stock Market LIVE Updates: Largecap funds: Invest for fair valuations, ability to stabilise portfolio

Stock Market LIVE Updates: The market cap of largecap stocks (the top 50 or top 10) vis-à-vis the total market cap is at its lowest level ever, according to the December edition of the DSP Netra report.

 

While mid- and smallcap funds have outperformed, experts recommend maintaining a substantial allocation to largecap funds. READ MORE

 

 

8:47 AM

Stock Market LIVE Updates: Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

Stock Market LIVE Updates: Any steps taken by the Insurance Regulatory and Development Authority of India (Irdai) to limit the business share of life insurance companies from the parent bank channel or bancassurance channel will be “misdirected” and stifle the growth of the sector, while not addressing the actual underlying problem of rampant mis-selling, said an Emkay Research report on Monday. READ MORE

 

 

8:45 AM

Stock Market LIVE Updates: Rupee weakens to new closing low of 84.87 due to rise in US Treasury yields

Stock Market LIVE Updates: The rupee depreciated to a new closing low of Rs 84.87 against the dollar due to a rise in US Treasury yields and weakness in the Chinese yuan, said dealers. The widening of India’s merchandise trade deficit in November further weighed on the local currency.

The rupee had settled at Rs 84.80 per dollar on Friday. READ MORE