Stock Market Close Highlights: Sensex extends rally, rises 111 pts led by HDFC Bank; Nifty ends flat

Market Highlights: The BSE Sensex has now gained around 1,900 points in the last four trading sessions; Bajaj Finserv, NTPC and Titan were the other top gainers among the Sensex 30 shares on Wednesday

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty tumble into red

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 tumbled into negative territory at noon.

At 12 PM, the BSE Sensex was 54.23 points, or 0.07 per cent lower at 80,791.52, while the Nifty 50 was at 24,429, down 27.50 points, or 0.11 per cent.

 

11:55 AM

Stock Market LIVE Updates: Bajaj Auto cuts price of CNG two-wheelers 5 months after launch

Stock Market LIVE Updates: Bajaj Auto has cuts the price of entry-level CNG motorcycle, Freedom 125 by Rs 5,000 and by Rs 10,000 for the mid-level variant within five months of launch, reported CNBC TV18. The price on select Pulsar motorcycles have also been reduced, according to reports. 

The report, citing a note from UBS, stated that the company has dispatched 80,000 CNG motorcycles to dealerships, while Vahan registration data suggested sales of only 34,000 units, which necessiated the price cuts.

 

11:42 AM

Stock Market LIVE Updates: Norges Bank hikes stake in Home First Finance Co India to 6.32%, from 3.48% earlier

Stock Market LIVE Updates: Home First Finance Co India today informed that Norway's Norges Bank, that manages the Government Pension Fund of Norway, has increased its shareholding in the company from its current stake of 3.48 per cent to 6.32 per cent, after acquiring 2,535,000 shares, or 2.84 per cent equity of the company through open market transactions.

 

11:34 AM

Stock Market LIVE Updates: Honasa Consumer stock hits 10% upper circuit after co-founder ups stake

Stock Market LIVE Updates: Shares of the parent company of personal care brand Mamaearth, Honasa Consumer hit the 10 per cent upper circuit at Rs 287.85 in intra-day deals on Wednesday following reports that one of its co-founder has increased stake in the company.

 

At 10.40 AM, Honasa Consumer stock was locked at the per cent upper limit on nearly 4-fold jump in trading volumes at 4.30lakh shares as against the 2-week average volume of around 1.31 lakh shares on the BSE. READ MORE

 

11:20 AM

Stock Market LIVE Updates: Suzlon Energy to supply 96 additional wind turbine generators to Jindal Renewables

Stock Market LIVE Updates: Suzlon Energy today informed that it has expanded its partnership with JSP Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables, with an additional 302.4 MW wind power project in the Koppal region of Karnataka, aimed at accelerating  India’s  green  steel  production.  

This  second  order  brings  the  total  capacity  from  Jindal  Renewables to 702.4 MW, making it Suzlon's largest‐ever commercial and industrial (C&I) order from a single customer. Last month, Suzlon secured a 400 MW captive wind power project with Jindal Renewables in the  same region. 

Under the strategic agreement, Suzlon will supply 96 state‐of‐the‐art S144 wind turbine generators (WTGs)  with Hybrid Lattice (HLT) Towers, each rated at a 3.15 MW capacity, the company said in an exchange filing. 

The energy generated will be utilised  for captive consumption in steel plants located in Chhattisgarh and  Odisha, it added. 

 

11:10 AM

Stock Market LIVE Updates: Google, Meta set to challenge Jio, Airtel with new subsea cable projects

Stock Market LIVE Updates: Global tech giants like Google and Meta are investing billions in submarine cable infrastructure in India, a move that is likely to challenge local data giants Reliance Jio, Bharti Airtel, and Tata Communications amid the nation’s data centre boom, according to a report by The Economic Times.

Independent players such as Sify Technologies and Lightstorm are gaining traction, offering cost-effective landing solutions compared to telecom incumbents like Airtel and Tata Communications. READ MORE

 

11:02 AM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Wednesday, tracking firm global cues.

At 11 AM, the BSE Sensex was 264.18 points, or 0.33 per cent higher at 81,109.93, while the Nifty 50 was at 24,526, up 69.35 points, or 0.28 per cent.

 

10:59 AM

Stock Market LIVE Updates: India's services PMI dips slightly, but hiring touches fastest pace since 2005

Stock Market LIVE Updates: India’s services sector showed a fractional dip in November, with the Purchasing Managers’ Index (PMI) slipping to 58.4 from 58.5 in October.

Despite this slight decline, the HSBC Final India Manufacturing PMI, compiled by S&P Global, reported growth in hiring and sales during the month. READ MORE

 

10:54 AM

Stock Market LIVE Updates: Niva Bupa rallies 27% in 2 days on buzz of lower GST on insurance premiums

Stock Market LIVE Updates: Shares of Niva Bupa Health Insurance Company (Niva Bupa) climbed 15 per cent to Rs 94.40 on the BSE in Wednesday’s intra-day trade amid heavy volumes. In two days, the stock of the general insurance company has surged 27 per cent on reports of a reduction in Goods and Services Tax (GST) rate on health and life insurance policies.

 

At 10:06 AM, Niva Bupa share price was trading 13 per cent higher at Rs 92.45, as compared to the 0.45 per cent rise in the BSE Sensex. READ MORE

 

10:44 AM

Stock Market LIVE Updates: Abha Power & Steel makes decent debut with 12% premium at Rs 81.9 per share

Stock Market LIVE Updates: Shares of iron and steel product manufacturer, Abha Power and Steel, made a decent debut on the NSE SME today. Abha Power and Steel shares listed at Rs 81.9 apiece, reflecting a premium of 12.1 per cent on NSE against the IPO allotment price of Rs 73.

However, in few minutes of listing , around 10:06 AM, the stock slipped 2.32 per cent or Rs 1.9 at Rs 80 per share. READ MORE

 

10:35 AM

Stock Market LIVE Updates: Swiggy share price rises 7% on narrowing Q2 losses; revenue soars 30% YoY

Stock Market LIVE Updates: Swiggy shares jumped 6.6 per cent in Wednesday's trade and logged an intraday high at Rs 534.85 per share. The buying interest sparked after the food delivery platform released its September quarter on Tuesday, post market hours.

 

Around 9:34 AM, Swiggy share price was up 3.13 per cent at Rs 517 per share. In comparison, the BSE Sensex was up 0.27 per cent at 81,061.02. The market capitalisation of the company stood at Rs 1,15,727.73 crore. READ MORE

 

10:22 AM

Stock Market LIVE Updates: Bumper debut - Apex Ecotech IPO lists at 90% premium, hits upper circuit

Stock Market LIVE Updates: Shares of wastewater treatment, recycling, and reuse solutions provider Apex Ecotech made a solid debut on the NSE SME today, continuing their upward momentum to hit the upper circuit within less than 5 minutes of listing. The company's stock listed at Rs 138.70 apiece, a 90 per cent premium over the IPO allotment price of Rs 73.

 

After listing, the stock gained an additional 4.97 per cent, surging 99.45 per cent from the issue price to reach the upper circuit of Rs 145.60 apiece on the NSE SME. READ MORE

 

10:19 AM

Stock Market LIVE Updates: IndiGo named one of the worst airlines as global rankings are unveiled

Stock Market LIVE Updates: Interglobe Aviation-operated IndiGo Airlines' emerged as one of the worst performing airline from across the world. 

The airline was among the top 10 worst performing airline in the world, coming in at 103 in a list of 109 airlines, curated by AirHelp Inc., which  facilitates compensation for passengers by processing customer service claims for flight disruptions and lost luggage. 

The company has released its annual analysis of the best and worst performing airlines. The 2024 AirHelp Score report, published on Tuesday, comes just in time for the holiday season.

The airline rankings methodology takes into account customer claims processed worldwide, as well as outside data tracking on-time arrival and departure performance for every plane, plus feedback from passengers from over 54 countries on the quality of food, comfort and crew service on their most recent flight. READ MORE

 

10:07 AM

Stock Market LIVE Updates: GRSE, BEML, BDL gain up to 6% as DAC clears Rs 21,772 cr defence proposals

Stock Market LIVE Updates: Shares of defence and related companies rallied up to 6 per cent on the BSE in Wednesday’s intra-day trade after the Defence Acquisition Council accorded Acceptance of Necessity (AON) for five capital acquisition proposals worth over Rs 21,772 crore.

 

Approvals include the procurement of 31 Water Jet Fast Attack Crafts, 120 Fast Interceptor Craft, Electronic Warfare Suite, Next Generation Radar Warning Receiver and 6 Advanced Light Helicopters. READ MORE

 

10:01 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty climb

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Wednesday, tracking firm global cues.

At 10 AM, the BSE Sensex was 343.82 points, or 0.43 per cent higher at 81,189.57, while the Nifty 50 was at 24,544, up 86.95 points, or 0.36 per cent.