Stock Market Highlights: Sensex sheds 200 points, Nifty ends below 24,620; FMCG, banking shares dip

Markets Highlights: Benchmark Indian equity indices BSE Sensex, and Nifty 50 settled in the negative territory on Monday

12:34 PM

Stock Market LIVE Updates: CDMO shares under pressure; Neuland, Laurus, Syngene tank up to 12%

Stock Market LIVE Updates: Shares of contract development and manufacturing organisation (CDMO) companies were under pressure as they fell by up to 12 per cent on the BSE in Monday’s intra-day trade as investors booked profit on concerns that the Biosecure Act is unlikely to get passed in the US Senate as the current session ends on December 20. READ MORE 

12:29 PM

Stock Market LIVE Updates: Venus Remedies surges 6% after getting marketing nod for lung cancer drug

Stock Market LIVE Updates: Venus Remedies share price hit an intraday high of Rs 355 per share, rising 6 per cent on the BSE in Monday’s intraday trade. This came after the company on Friday said that it has secured marketing authorization for Pemetrexed 500mg, a chemotherapeutic agent widely used in the treatment of lung cancer and mesothelioma, in the Philippines. READ MORE 

12:26 PM

Stock Market LIVE Updates: Mobikwik IPO GMP zooms 40% ahead of Dec 11 opening; Key details from RHP

Stock Market LIVE Updates: Shares of digital wallet and online payment services provider One Mobikwik Systems are buzzing in the grey market ahead of their much-awaited initial public offering (IPO). Sources tracking grey market activities revealed that Mobikwik shares were trading at Rs 390 apiece, reflecting a grey market premium (GMP) of Rs 111 or 39.78 per cent per share against the upper end of the IPO price band of Rs 279. READ MORE 

12:17 PM

Stock Market LIVE Updates: Biocon share falls 4% after US FDA issues VAI tag for Bengaluru's API unit

Stock Market LIVE Updates: Shares of biotechnology company Biocon slipped up to 4.14 per cent to hit an intraday low of Rs 364.15 per share on Monday, December 9, 2024.

 

The fall in Biocon share price came after the company announced that it has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the United States Food and Drug Administration (USFDA), for its active pharmaceutical ingredient (API) facility (Site 2), located at Special Economic Zone (SEZ) Plot number 2,3,4 and 5 Bommasandra-Jigani link road, Bengaluru, Karnataka. READ MORE

 

 

12:12 PM

Stock Market LIVE Updates: We will grow Camso brand in other OHT segments, says CEAT MD & CEO

Stock Market LIVE Updates: RPG Group company Ceat has entered into an agreement with Michelin to acquire the Camso brand’s off-highway construction equipment bias tyres and tracks business in an all-cash deal valued at $225 million (Rs 1,900 crore).

 

The deal includes two manufacturing facilities in Sri Lanka and global rights to the Camso brand. The acquired business recorded revenues of $213 million in 2023. The transaction is expected to be completed within 6-9 months. READ MORE

 

12:07 PM

Stock Market LIVE Updates: Hyundai Motor India plans to install nearly 600 fast public EV chargers in 7 years

Stock Market LIVE Updates: Hyundai Motor India Limited (HMIL) today informed that it aims to set up nearly 600 public EV fast charging stations across the country in the next seven years. 

The company will have a network of 50 fast public charging stations by the end of December 2024, it said in an exchange filing. 

These fast chargers will be installed over the next seven years, focusing on key highways and major cities, it added.

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty pare losses; trade flat

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading nearly flat on Monday, after paring opening losses.

At 12 PM, the BSE Sensex was 24.86 points, or 0.03 per cent higher, at 81,733, while the Nifty 50 was flat at 24,678.

 

11:52 AM

Stock Market LIVE Updates: Auto sales up 11% in Nov, fails to meet wedding season expectations: Fada

Stock Market LIVE Updates: Passenger vehicle sales saw a sharp 14 per cent year-on-year (Y-o-Y) decline in November, much below the market expectations as wedding-related sales remained subdued following a blockbuster October -- which saw highest-ever car sales due to festivals.

 

Around 4.8 million weddings lined up across India in November and December were expected to fuel strong demand for two-wheeler and passenger vehicle (PV) segments. READ MORE

 

11:49 AM

Stock Market LIVE Updates: Easy Trip Planners acquires stake in 3 cos through share swap; stock up 3%

Stock Market LIVE Updates: Shares of Easy Trip Planners hit an intraday high of Rs 17.33 per share, rising 3.4 per cent on the BSE in Monday’s intraday trade. Easy Trip Planners share price surged after the company on Saturday said that it has signed a share purchase agreement with three entities including Pflege Home Health Care Center (for Rs 29.83 crore),  Jeewani Hospitality (for Rs 100 crore) and Planet Education Australia (for Rs 39.20 crore). READ MORE

 

11:43 AM

Stock Market LIVE Updates: Tembo Global emerges as L1 subcontractor in Rs 1,500-cr water treatment plant

Stock Market LIVE Updates: Tembo Global Industries informed on December 8 that it has been declared the L1 bidder for subcontracting work at one of the largest water treatment plant projects in North India.

The company, in an exchange filing, said, "This prestigious project, funded by the World Bank, is estimated to be worth Rs 1,500 crore, will see Tembo Global Industries receiving a substantial portion of the overall project expenditure."

 

11:32 AM

Stock Market LIVE Updates: Welspun Corp stock hits all time high on bagging two new large orders in US

Stock Market LIVE Updates: Shares of Welspun Corp hit an all time high of Rs 824.50 per share, rising 4.4 per cent on the BSE in Monday’s intraday trade. Welspun Corp share price surged after the company on Saturday said that it has secured two new large orders in the US.

 

“We are pleased to announce receipt of additional two large orders in the USA, one each for HSAW and HFIW pipes, for supply of coated pipes for Natural Gas Pipeline Projects. Our outlook for the USA market remains extremely positive for the next couple of years and Welspun is fully poised to benefit from more opportunities in the time to come,” the company said in an exchange filing.  READ MORE

11:18 AM

Stock Market LIVE Updates: FMCG woes: HUL, Dabur, Godrej Consumer risk up to 15% downside; show charts

Stock Market LIVE Updates: The Nifty FMCG index cracked 2.4 per cent in intra-day deals on Monday dragged by losses up to 11 per cent in individual consumer product shares after Godrej Consumer Products flagged concerns over volume growth in Q3FY25.

 

The Nifty FMCG index hit a low of 56,385, and was quoting around 56,400 levels - down 2.3 per cent as of 10:30 AM on Monday. In comparison, the NSE Nifty 50 index was down 0.3 per cent at 24,616. READ MORE

 

11:09 AM

Stock Market LIVE Updates: Paytm hits 52-week high after Singapore arm to sell stake in Japan's PayPay

Stock Market LIVE Updates: One 97 Communications, the parent company of Paytm, shares gained 3.1 per cent in Monday's trade and logged a 52-week high at Rs 1,007 per share. The buying of the stock came after the company's Singapore arm approved the sale of stock acquisition rights (SARs) held in PayPay Corporation, Japan (PayPay). 

 

Around 10:05 AM, Paytm share price was up 0.95 per cent at Rs 9,85.1  per share. In comparison, BSE Sensex was down 0.27 per cent at 81,487.24. READ MORE

 

11:01 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty maintain lower levels

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

At 11 AM, the BSE Sensex was 176 points, or 0.22 per cent lower, at 81,533, while the Nifty 50 was at 24,617, down 60.45 points, or 0.24 per cent.

 

10:55 AM

Stock Market LIVE Updates: Larsen & Toubro hits all-time high; rallies 6% in 1 week on strong outlook

Stock Market LIVE Updates: Shares of Larsen & Toubro (L&T) continued their upward movement for the fifth straight trading day to hit an all-time high of Rs 3,948, as they rallied 2 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade in an otherwise subdued market on a strong outlook. In comparison, the Nifty 50 was down 0.31 per cent at 24,602 at 10:08 AM.

 

The stock of the civil construction major has surpassed its previous high of Rs 3,919.90 touched on June 3. READ MORE