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
 "Stock Market Highlights: Sensex sheds 200 points, Nifty ends below 24,620; FMCG, banking shares dip")
Stock Market Highlights, Monday, December 9, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended the week's first trading session on a lower note on Monday. The 30-share Sensex shed 200.66 points, or 0.25 per cent, to settle at 81,508.46. The index traded in the range of 81,783.28 - 81,411.55.
Similarly, on the NSE, Nifty50 settled at 24,619, down 58.80 points, or 0.24 per cent, from its previous close on Monday. Nifty50 was seen at a day's high of 24,705, while the day's low was seen around 24,580.05.
30 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Tata Consumer, Hindustan Unilever, Tata Motors, Asian Paints, and Nestle India, with losses extending up to 4.13 per cent. Conversely, Wipro, Larsen & Toubro, SBI Life, BPCL, and Tata Steel were among the 10 that ended with gains extending up to 2.67 per cent. Tata Consultancy Services (TCS) was notably the only stock among the Nifty constituents that ended on a flat note on Monday.
Among the broader markets, Nifty Midcap100 and Nifty Smallcap100 indices ended higher by 0.50 per cent and 0.19 per cent, respectively. FMCG stocks were the worst hit among the sectoral markets, with the Nifty FMCG index ending lower by 2.22 per cent, dragged by Godrej Properties, Tata Consumer, and Marico. This was followed by Media, Auto, Banking, OMCs, and Healthcare indices, with falls of up to 2.02 per cent.
Notably, Nifty Financial Services, IT, Metal, Realty, and Consumer Durables indices managed to eke out some gains on Monday.
3:59 PM
Stock Market Highlights LIVE Updates: IIP and inflation figures would be key in this week
Markets witnessed a range-bound session and mostly languished in negative territory due to lack of investors' enthusiasm after last week's rally. All eyes are on this week's IIP and inflation numbers, which would be key given the RBI's reluctance to cut rates on the back of higher inflation concerns going ahead.
(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)
(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd)
3:46 PM
Stock Market Highlights LIVE Updates: Capital goods, metal stocks see buying in expectation of China stimulus
The domestic market exhibited a range-bound trade after last week's rally. The rise in oil prices amid tensions in the Middle East, along with investors caution ahead of key economic data like India & US CPI data and ECB policy this week, impacted the sentiment. Capital goods and metal stocks have seen some buying interest in expectation of China stimulus after an unexpected drop in inflation.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:44 PM
Stock Market Highlights LIVE Updates: Nifty FMCG, Media fall 2% each among sectors
Among sectors, Nifty FMCG, and Nifty Media fell 2 per cent each, followed by Nifty Pharma, PSU Bank, and Healthcare.
3:40 PM
Stock Market Highlights LIVE Updates: Broader markets outperform
Broader markets outperformed benchmarks on Monday, with the BSE MidCap rising 0.32 per cent, while the BSE SmallCap index surged 0.46 per cent.
3:37 PM
Stock Market Highlights LIVE Updates: Heatmap check
HUL, Tata Motors, Axis Bank and Nesle India lead losses on Sensex.
3:35 PM
Stock Market Highlights LIVE Updates: Nifty50 ends below 24,650
The NSE's Nifty50 closed at 24,619, down 58.80 points or 0.24 per cent.
3:33 PM
Stock Market Highlights LIVE Updates: Sensex closes 200 pts lower
At close the BSE Sensex stood at 81,508.46, down 200.66 points or 0.25 per cent.
3:20 PM
Stock Market LIVE Updates: IGI IPO subscription opens Dec 13; Check GMP, price band, dates, and more
International Gemmological Institute IPO: The initial public offering (IPO) of International Gemmological Institute is set to open for public subscription on Friday, December 13, 2024. At the upper end, the company seeks to raise Rs 4,225 crore from the offering. The bidding for anchor investors is likely to take place on Thursday, December 12, 2024. Read more
3:14 PM
Stock Market LIVE Updates: This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs
Shares of CarTrade Tech, one of India's largest online classifieds and auto auction platforms, hit an over three-year high of Rs 1,618 on the BSE on Monday. The stock gained 3 per cent intraday, in an otherwise subdued market, on expectation of strong earnings. The stock of the smallcap company was trading at its highest level since September 2021. Read more
3:01 PM
At 3 PM, the BSE Sensex was 155.95 points, or 0.19 per cent lower, at 81,553, while the Nifty 50 was at 24,632, down by 44 points or 0.18 per cent.
Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower
Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Monday.
At 3 PM, the BSE Sensex was 155.95 points, or 0.19 per cent lower, at 81,553, while the Nifty 50 was at 24,632, down by 44 points or 0.18 per cent.
2:58 PM
Sai Life Sciences shares were trading at Rs 584 apiece, reflecting a grey market premium (GMP) of Rs 35 or 6.38 per cent per share against the upper end of the IPO price band of Rs 549, according to sources tracking unofficial market activities. READ MORE
Stock Market LIVE Updates: Sai Life Sciences IPO opens on Dec 11: Check GMP and other key details
Stock Market LIVE Updates: The initial public offering (IPO) of Sai Life Sciences is set to open for public subscription on Wednesday, December 11, 2024. Meanwhile, the company’s unlisted shares were commanding a decent premium in the grey market on Monday, December 9, 2024.
Sai Life Sciences shares were trading at Rs 584 apiece, reflecting a grey market premium (GMP) of Rs 35 or 6.38 per cent per share against the upper end of the IPO price band of Rs 549, according to sources tracking unofficial market activities. READ MORE
2:57 PM
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company (the “Board”), at its meeting held today ... has inter-alia
approved the following agenda item:
At its earlier meeting on November 29th 2024 , the Board had taken the decision to invest Rs. 10,00,000 to acquire 10% stake at face value of Rs. 10 per share and further invest Rs. 35 crores in the form of Compulsorily Convertible Debentures (CCD’s) in a proposed company to be formed by Mr. Rohan Verma.
The Board made the above decision after due deliberation keeping in mind the best interest of the Company. After receiving investor feedback, the Board has re-evaluated its decisions."
It added that the Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99 per cent of revenues and continue to represent a significant growth opportunity for the foreseeable future.
Stock Market LIVE Updates: CE Infosystem rolls back decision to invest in new venture of ex CEO Rohan Verma
Stock Market LIVE Updates: MapmyIndia-operator CE Infosystems today informed that its board has reevaluated its previous decision to acquire a 10 per cent stake, and further invest Rs 10,00,000 in the new venture that is being floated by its former CEO Rohan Verma, following investor feedback.
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company (the “Board”), at its meeting held today ... has inter-alia
approved the following agenda item:
At its earlier meeting on November 29th 2024 , the Board had taken the decision to invest Rs. 10,00,000 to acquire 10% stake at face value of Rs. 10 per share and further invest Rs. 35 crores in the form of Compulsorily Convertible Debentures (CCD’s) in a proposed company to be formed by Mr. Rohan Verma.
The Board made the above decision after due deliberation keeping in mind the best interest of the Company. After receiving investor feedback, the Board has re-evaluated its decisions."
It added that the Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99 per cent of revenues and continue to represent a significant growth opportunity for the foreseeable future.
2:47 PM
Stock Market LIVE Updates: This new-age stock is up 125% in 8 months; nears IPO price after over 3 yrs
Stock Market LIVE Updates: Shares of CarTrade Tech, one of India's largest online classifieds and auto auction platforms, hit an over three-year high of Rs 1,618 on the BSE on Monday. The stock gained 3 per cent intraday, in an otherwise subdued market, on expectation of strong earnings. The stock of the smallcap company was trading at its highest level since September 2021.
CarTrade Tech share price had hit a record high of Rs 1,610 on its debut day i.e. August 20, 2021. READ MORE
2:39 PM
On BSE 2.021 million equity shares and on NSE 43.367 million shares changed hands. The market capitalisation of the company stood at Rs 33,904.90 crore. The 52-week high of the company was at Rs 384.35 per share and the 52-week low was at Rs 210.2 per share. READ MORE
Stock Market LIVE Updates: ITI shares zoom 13% amid heavy volumes; gains for 2nd consecutive session
Stock Market LIVE Updates: ITI Ltd shares zoomed 12.5 per cent in Monday's trade and logged an intraday high at Rs 361.45 per share amid heavy volumes. Around 11:22 AM, ITI share price was up 9.84 per cent at Rs 352.85 per share. In comparison, BSE Sensex was down 0.01 per cent at 81,697.06.
On BSE 2.021 million equity shares and on NSE 43.367 million shares changed hands. The market capitalisation of the company stood at Rs 33,904.90 crore. The 52-week high of the company was at Rs 384.35 per share and the 52-week low was at Rs 210.2 per share. READ MORE
2:36 PM
The company, in an exchange filing, said, "This is to inform you that Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with HDFC Bank Limited (HDFC)."
It added, "HDFC Credit cards bundled with Zaggle Software to be offered to corporate customers across industries."
Stock Market LIVE Updates: Zaggle ties up with HDFC Bank to offer credit cards bundled with Zaggle software
Stock Market LIVE Updates: Zaggle Prepaid Ocean Services today informed that it has tied up with private lender HDFC Bank to offer HDFC credit cards to corporate customers, bundled with Zaggle Software.
The company, in an exchange filing, said, "This is to inform you that Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with HDFC Bank Limited (HDFC)."
It added, "HDFC Credit cards bundled with Zaggle Software to be offered to corporate customers across industries."
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First Published: Dec 09 2024 | 7:55 AM IST
