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

8:44 AM

Stock Market LIVE Updates: Specified digital platforms not obligated to register, clarifies Sebi

Stock Market LIVE Updates: The Securities and Exchange Board of India (Sebi) on Wednesday clarified that specified digital platforms (SDPs) are not required to register with the market regulator. This clarification comes after concerns were raised by trade bodies, including the US-India Strategic Partnership Forum (USISPF) and Nasscom.

 

Sebi’s proposals aim to prevent the misuse of digital platforms for stock market manipulation, malpractices, or unauthorised investment advice, the market regulator explained. READ MORE

 

8:43 AM

Stock Market LIVE Updates: Sebi issues rules for uniform nomination standards in securities markets

Stock Market LIVE Updates: Markets regulator Sebi has notified rules on nomination allowing nominees to act on behalf of incapacitated investors.

Additionally, it notified the rule mandating every participant to provide beneficial owners with the option to nominate a person to whom their securities will transfer upon their death.
 

"Every participant shall provide an option to the beneficial owner to nominate, in the manner as may be specified, a person who shall be authorised to conduct transactions on behalf of the beneficial owner in the event of the incapacitation of the beneficial owner," Sebi said in a notification. READ MORE

 

8:42 AM

Stock Market LIVE Updates: Jungle Camps India sets SME IPO price band at Rs 68-72; to open on Dec 10

Stock Market LIVE Updates: Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges to guests, on Wednesday announced a price band of Rs 68-72 per share for its IPO, which will open on December 10 and close on December 12.

 

The Initial Public Offering (IPO) -- to list on BSE Small and Medium Enterprises (SME)-- consists of a fresh issue of 4,086,400 equity shares with a face value of Rs 10 each. READ MORE

 

8:41 AM

Stock Market LIVE Updates: PropShare Platina IPO gets 1.2 times subscription on final day of bidding

Stock Market LIVE Updates: The initial public offering (IPO) of PropShare Platina, the country's first SM REIT scheme, was subscribed 1.2 times on the final day of bidding on Wednesday.

PropShare Platina is the first scheme of SM-REIT -- Property Share Investment Trust.
 

The issue received bids of 4,002 units against the offered 3,353 units, according to data available on the stock exchange. READ MORE

 

8:40 AM

Stock Market LIVE Updates: Kotak AMC set to enter AIF space; to launch Rs 2,000 cr private credit fund

Stock Market LIVE Updates: Kotak Mahindra Asset Management Company (AMC) is set to enter the fast-growing alternative investment fund (AIF) space with the launch of a private credit fund next month.

 

The fund, which aims to raise between Rs 1,500 crore and Rs 2,000 crore, will cater to the capital needs of unlisted companies by providing debt funds for acquisition financing and capital expansion. READ MORE

 

 

8:39 AM

Stock Market LIVE Updates: Rise in DIY investing: Direct plans now make up around 40% of SIPs

Stock Market LIVE Updates: Online investment platforms are rapidly reshaping the mutual fund (MF) distribution landscape. The share of direct plans in SIP (systematic investment plan) accounts has climbed to nearly 40 per cent from around 21 per cent four years ago, indicating that the majority of the newer investors are coming in through the direct investment channels.

 

Mutual fund investors can choose between direct and regular plans. Regular plans, distributed by intermediaries like banks and agents, include commissions for their services. READ MORE

 

8:38 AM

Stock Market LIVE Updates: Return expectations need to be moderated, says Kotak AMC CIO Upadhyaya

Stock Market LIVE Updates: Investors need to moderate their return expectations from the equity market and should be careful before taking positions, Kotak Asset Management Company's Chief Investment Officer (CIO)-Equity, Harsha Upadhyaya said, asserting that despite the positive growth outlook, the valuations remain higher.

 

The slowing economy and corporate earnings, as well as higher valuation, make it essential to lower average expectations from equity returns, he said. READ MORE

 

8:35 AM

Stock Market LIVE Updates: Bharti Airtel, Vi, Indus Towers in focus as DoT bats for expanded telecom PLI

Stock Market LIVE Updates: The Department of Telecommunications (DoT) is pushing for an expansion of the Production Linked Incentive (PLI) scheme for telecom equipment and network products to further localise the manufacturing of key equipment and quickly capture the export demand for 4G and 5G gears. READ MORE 

8:32 AM

Stock Market LIVE Updates: India's GDP growth loses momentum: What's behind the urban spending freeze?

Stock Market LIVE Updates: India-watchers were startled by recent data showing that growth slowed last quarter — by a lot. Gross domestic product expanded only 5.4 per cent between July and September compared to the same period in 2023. While healthy by developed-world standards, that was considerably lower than the Bloomberg consensus estimate of 6.5 per cent or the Reserve Bank of India’s forecast of 7 per cent. READ MORE

8:29 AM

Stock Market LIVE Updates: Nifty Next 50's growth spurt puts Bank Nifty in sights with doubling AUM

Stock Market LIVE Updates: Passive funds tracking the National Stock Exchange Nifty Next 50 Index have seen their assets under management (AUM) more than double in the past year. The index’s growing popularity can be attributed to its robust 50 per cent return over the same period. READ MORE

8:26 AM

Stock Market LIVE Updates: Indus Towers, Vodafone Idea, L&T, Hero MotoCorp, IGL and others in focus

Stock Market LIVE Updates: Here is a list of stocks that will be in the limelight today, December 5, 2024. READ MORE 

8:24 AM

Stock Market LIVE Updates: Axis Securities settles front-running case with Sebi; pays Rs 14.62 lakh

Stock Market LIVE Updates: Axis Securities on Wednesday settled a case, involving front-running trades by its former employee Vikrant Bhimrao Kadam and his friend, with markets regulator Sebi after paying Rs 14.62 lakh towards settlement amount. READ MORE 

8:23 AM

Stock Market LIVE Updates: Adani allegations underline the need for strong governance in India

Stock Market LIVE Updates: America’s Department of Justice and the Securities and Exchange Commission have indicted Gautam Adani, his nephew Sagar Adani, and six others, alleging their involvement in paying $250 million in bribes to Indian officials and concealing the scheme from US investors. The allegations have been denied, citing a lack of evidence that the bribes were paid. READ MORE

8:22 AM

Stock Market LIVE Updates: NCC, Divi's Labs among top picks by Ajit Mishra of Religare Broking

Stock Market LIVE Updates: The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains. READ MORE

8:21 AM

Stock Market LIVE Updates: Ravi Nathani recommends wait-and-watch for Nifty IT, cautious on Auto

Stock Market LIVE Updates: Nifty IT index remains range-bound, trading between 44,400 on the upper side and 42,800 on the lower side, while, Nifty Auto index is currently exhibiting a bearish trend in the near term. READ MORE