Stock Market Rally Highlights: Sensex up for 5th day, adds 810 pts; Nifty reclaims 24,700

Market Rally Highlights: IT stocks stole the show, with the Nifty IT index settling higher by 1.95 per cent, led by TCS, Infosys, and LTIMindtree

11:41 AM

Stock Market LIVE Updates: IndiGo among worst airlines globally: How claim processing impacts ranking

Stock Market LIVE Updates: How does one decide on the perfect holiday? Isn’t it all about choosing a destination and finding comfortable accommodation? Equally important is booking flights with minimal disruptions. Knowing which airlines perform well can make a big difference. AirHelp Inc, which facilitates processing passenger claims for flight disruptions and lost luggage, on Tuesday released its annual rankings of the best and worst airlines globally.

According to the report, accessed by Business Standard, India's IndiGo Airlines ranks 103rd out of 109 airlines, making it one of the worst performers. Meanwhile, Tata's Air India fares slightly better, standing at 61st. READ MORE

 

11:33 AM

Stock Market LIVE Updates: This consumer electronics stock zoomed 455% within 9 months; launches QIP

Stock Market LIVE Updates: Shares of PG Electroplast hit a new high of Rs 825, as they rallied 7 per cent on the BSE in Thursday’s intra-day trade after the company launched a qualified institutional placement (QIP) issue on Wednesday, December 4, 2024.

The company has proposed to raise Rs 1,500 crore through the issue. READ MORE

 

11:22 AM

Stock Market LIVE Updates: Technopack Polymers shares zoom 19% on board's approval for bonus issue

Stock Market LIVE Updates: Technopack Polymers shares zoomed 18.9 per cent in Thursday's trade and logged an intraday high at Rs 80.9 per share. The stock gained after the company's board approved bonus shares. 

 

Around 10:23 AM, Technopack Polymers share price was up 16.4 per cent at Rs 79.15 per share. In comparison, the BSE Sensex was down 0.15 per cent at 80,838.26. The market capitalisation of the company stood at Rs 42.74 crore. READ MORE

 

11:10 AM

Stock Market LIVE Updates: Tejas Networks to provide broadband equipment for BharatNet project in Tamil Nadu

Stock Market LIVE Updates: Tejas Networks today informed that the company will be supplying its GPON OLT, ONT and Management System for the state-led BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu. 

The company, in an exchange filing, said, "The project is being implemented by TANFINET (Tamil Nadu FibreNet Corporation Limited), a Special Purpose Vehicle (SPV) set up by the Government of Tamil Nadu with Polycab India Limited (PIL) as the Master System Integrator."

The BharatNet LMC project seeks to extend affordable high-speed connectivity to around 50,000 Government institutions, Public Health Centres and Schools from the nearest BharatNet site at Gram Panchayat/Block/District levels. Further, the LMC infrastructure will also be leveraged to provide FTTH (Fiber to the Home) service to rural households in Tamil Nadu through partnerships with local cable operators and telecom service providers, the company added.

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty extend losses

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, after opening with slight gains, slipped deeper into negative territory on Thursday.

At 11 AM, the BSE Sensex was lower by 399.85 points, or 0.49 per cent, at 80,556.48, while the Nifty 50 was at 24,334.40, down 133.05 points, or 0.54 per cent.

 

10:44 AM

Stock Market LIVE Updates: Should you buy or sell IndiGo shares after worst airline rankings?

Stock Market LIVE Updates: IndiGo on Tuesday featured among the worst ranked global airlines by the US-based AirHelp Inc. The 2024 AirHelp Score report, published on December 03, ranked InterGlobe Aviation, IndiGo, at 103rd position, just six places above the bottom, in the overall global airline rankings.

 

AirHelp Inc released its annual analysis of the best and worst performing airlines taking into account customer claims processed worldwide, as well as outside data tracking on-time arrival and departure performance for every plane among other key criteria’s. READ MORE

 

10:35 AM

Stock Market LIVE Updates: Why Vodafone Idea stock is falling, Indus Towers climbing today? Details

Stock Market LIVE Updates: Shares of Vodafone Idea (Vi) fell 3 per cent to Rs 8.15 on the BSE in Thursday’s intra-day trade after the company said its board will consider fundraising of up to Rs 2,000 crore in a meeting on December 9. The stock has fallen 7 per cent from its opening price level of Rs 8.79 on the BSE. In comparison, the BSE Sensex was up 0.01 per cent at 80,966 at 09:47 AM.

 

The company is set to consider a proposal for raising of funds by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company). READ MORE

 

10:21 AM

Stock Market LIVE Updates: Emerald Tyre Manufacturers IPO opens today: GMP up 79%; Key details here

Stock Market LIVE Updates: The unlisted shares of tyre manufacturer and supplier Emerald Tyre Manufacturers are commanding a solid premium in the grey market ahead of the launch of its initial public offering (IPO) for subscription today, December 5, 2024. The company's shares were quoted at Rs 170, reflecting a grey market premium (GMP) of Rs 75, or 78.95 per cent against the upper end of the IPO price band, revealed the sources tracking unofficial markets.  READ MORE

 

10:08 AM

Stock Market LIVE Updates: Stock Markets: Will Nifty hit 25,000 or drop back to 24,000 by year-end?

Stock Market LIVE Updates: The NSE Nifty 50 index has rallied over 5.5 per cent from its recent lows in the last two weeks. The Nifty had hit a low of 23,263 on November 21, 2021, and now quotes around 24,500 levels.

 

In the process, the Nifty 50 index has managed to sustain above its short-term or the 20-DMA (Daily Moving Average) for the last two weeks. At its low, the Nifty had dropped below its long-term or the 200-DMA for the first time since March 2023. The NSE benchmark index languished around the 200-DMA for four trading sessions and then staged a pullback rally. READ MORE

 

10:03 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty pare opening gains, slip into red

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50, after opening with slight gains, slipped in negative territory on Thursday.

At 10 AM, the BSE Sensex was lower by 83.11 points, or 0.10 per cent, at 80,873.22, while the Nifty 50 was at 24,432, down 35.20 points, or 0.14 per cent.

 

9:56 AM

Stock Market LIVE Updates: Bondada Engineering up 3% on winning Rs 1,089-cr order from Bihar Renewable

Stock Market LIVE Updates: Bondada Engineering shares rose 3.3 per cent in Thursday's trade and logged an intraday high at Rs 608.8 per share. The stock was in demand after the company secured a work order from the Bihar Renewable Energy Development Agency.

Around 9:34 AM, Bondada Engineering share price was up 1.15 per cent at Rs 595.7 per share. In comparison, the BSE Sensex was up 0.27 per cent at 81,176.79. READ MORE

 

9:41 AM

Stock Market LIVE Updates: Hero MotoCorp climbs over 1% as co launches new sub-Rs 1 lakh Vida V2 electric 2Ws

Stock Market LIVE Updates: The 2-wheeler company is offering Vida V2 intensifying competition in the sub-Rs 1 lakh segment of electric two-wheelers. The company launched 3 variants of the V2 series of electric scooters - VIDA V2 – PRO, PLUS, and LITE, with a starting price of Rs 96,000.

 

9:38 AM

Stock Market LIVE Updates: Indraprastha Gas climbs over 4% as board set to consider bonus issue on Dec 10

Stock Market LIVE Updates: IGL's board will consider the bonus issue in a meeting on December 10, 2024.

 

9:35 AM

Stock Market LIVE Updates: Indus Towers jumps nearly 5% as Vodafone Plc plans to sell 3% stake in co

Stock Market LIVE Updates: British telecom company Vodafone is planning to sell a 3 per cent stake in Indus Towers to clear its debt of about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea.

The transaction is valued at around Rs 2,841 crore according to Wednesday’s closing price of Indus Towers stock at Rs 358.75 apiece on the BSE.

 

9:23 AM

Stock Market LIVE Updates: A glance at Nifty gainers and laggards

Stock Market LIVE Updates: Apollo Hospitals, UltraTech Cement, Infosys among top gainers on Nifty50.

Nifty