Stock Market Close Highlights: Sensex extends gain, adds 600pts, Nifty above 24,450; PSU banks lead

Stock Market Highlights: The day ended in favour of the bulls as 41 out of the 50 constituent stocks of the Nifty50 ended in positive territory, with gains led by Adani Ports, and NTPC

8:57 AM

Stock Market LIVE Updates: India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran

Stock Market LIVE Updates: India's potential GDP growth is in the range of 6.5-7 per cent and the country should be able to achieve it on the back of things that done already in the last 10 years, Chief Economic Advisor V Anantha Nageswaran said on Monday.

 

The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year. READ MORE

 

8:56 AM

Stock Market LIVE Updates: GDP growth likely bottomed out; inflation to prevent December RBI rate cut

Stock Market LIVE Updates: The recently released data points on growth and inflation have infused a fresh round of interest in the upcoming Monetary Policy Committee (MPC) meeting that is scheduled to be held later this week.

The sharper-than-expected deceleration in the Q2 GDP growth, on the heels of the higher-than-expected October 2024 CPI print is likely to put the MPC members in a tough spot. READ MORE

 

8:55 AM

Stock Market LIVE Updates: 'Market not focusing on lower GDP figures but on likely policy response to it'

Stock Market LIVE Updates: "The underlying resilience of the market is evident in its ability to bounce back. Market is focusing not on the GDP growth slowdown but on the likely policy response to this slowdown. Banking stocks bouncing back yesterday indicates that the market is expecting a CRR cut on Friday, which will boost the profitability of banks. The strength in market heavyweights like Reliance and HDFC Bank can impart resilience to the market. The net FII sell figure at only Rs 238 crores yesterday is misleading since it conceals many large bulk deals. News of higher GST proposals on products like tobacco can impact stocks like ITC and tax reductions on insurance premiums can be beneficial to insurance stocks."

Views By: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

8:43 AM

Stock Market LIVE Updates: Pre-opening view

Stock Market LIVE Updates: GIFT Nifty signals a cautious start, with risk appetite for momentum stocks likely driving Dalal Street, favouring bulls. Cochin Shipyard is in focus after securing a Rs 1,000 crore contract with the Ministry of Defence, while Biocon gains traction following US FDA approval for its biosimilar YESINTEK. Other buzzing stocks include HDFC Bank, M&M, OFSS, and HCL Tech, which are showing strong interweek potential. The RBI MPC's policy decision on December 6 is key, with expectations of a status quo due to inflationary pressures, while US non-farm payroll data remains in focus globally.

Views by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

8:40 AM

Stock Market LIVE Updates: Gold falls Rs 10 to Rs 77,340; silver down Rs 100, trading at Rs 90,900

Stock Market LIVE Updates: The price of 24-carat gold fell Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 77,340 according to the GoodReturns website. The price of silver also fell Rs 100, with one kilogram of the precious metal selling at Rs 90,900. The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 70,890. READ MORE

8:39 AM

Stock Market LIVE Updates: Business Cycle Funds: Macro-driven funds that can fall prey to timing risk

Stock Market LIVE Updates: DSP Mutual Fund has launched the DSP Business Cycle Fund. Its new fund offer (NFO) opened for subscription on November 27, 2024, and will close on December 11, 2024. DSP joins 16 other funds which collectively manage assets worth Rs 33,325.4 crore. READ MORE

8:38 AM

Stock Market LIVE Updates: Govt detects Rs 824 cr GST evasion by crypto firms: FinMin to Parliament

Stock Market LIVE Updates: The government has detected goods and services tax (GST) evasion worth Rs 824.14 crore by crypto exchanges, such as Binance, WazirX, CoinDCX, and CoinSwitch Kuber, while it has recovered only Rs 122.29 crore, including interest and penalty, according to a written reply in Parliament by Minister of State for Finance Pankaj Chaudhary on Monday. READ MORE

 

8:37 AM

Stock Market LIVE Updates: Global investment group Prosus eyes five India listings in 12-18 months

Stock Market LIVE Updates: Global investment group Prosus has identified five Indian companies from its portfolio for an initial public offering (IPO) in the next 12–18 months. Of these five, the Dutch investment group identified three firms — digital payments player PayU (fully owned by Prosus), e-commerce player Meesho, and omnichannel jewellery retailer BlueStone — that are likely to go public within this period, said senior executives in an analyst call on Monday while announcing its results for the first half of 2025. READ MORE

8:33 AM

Stock Market LIVE Updates: Zepto CEO sees clear path to IPO in 2025 with profitability in focus

Stock Market LIVE Updates: Fresh out of bumper USD 350 million funding this time from marquee domestic investors, quick commerce company Zepto says it is on a clear path to becoming a full Indian-owned entity and hitting PAT positive milestone, as co-founder and CEO Aadit Palicha exudes optimism about a possible IPO in 2025. READ MORE

8:31 AM

Stock Market LIVE Updates: Block deal activity hits 6-month low at Rs 25,669 crore as markets wobble

Stock Market LIVE Updates: The domestic equity markets are grappling with a pronounced slump in secondary share sales. Block deal activity in November fell to its lowest since April this year, with transactions totalling Rs 25,669 crore, a sharp decline from the monthly average of nearly Rs 57,000 crore seen during the first 10 months of 2024. Several private equity firms, promoter entities, and others are holding back their share sale because of waning interest from large institutional buyers, besides broader market uncertainties, according to industry experts. READ MORE

8:30 AM

Stock Market LIVE Updates: Markets gain as FPI selloff eases; Sensex and Nifty end 0.6% higher

Stock Market LIVE Updates: Benchmark indices recovered from early losses to end with gains of 0.6 per cent on Monday. Sharp deceleration in selling by foreign portfolio investors (FPIs) and gains in cyclical stocks supported the up move as investors chose to look past a weak GDP (gross domestic product) reading for the September quarter (Q2FY25). After declining 494 points, or 0.6 per cent, in the opening trade, the Sensex managed to end the session at 80,248, with a gain of 445 points, or 0.6 per cent. The Nifty 50 index closed at 24,276, rising 145 points, or 0.6 per cent. The gains were broad-based, with almost all sectoral indices ending in the green. READ MORE

8:29 AM

Stock Market LIVE Updates: AIFs seek tax passthrough to compete with emerging 'new asset class'

Stock Market LIVE Updates: Worried about competition from the ‘new asset class’, the alternative investment fund (AIF) industry plans to request the Ministry of Finance for passthrough status or parity on taxation. At present, Category III AIFs — funds that invest in listed as well as unlisted companies, derivatives, and structured products — must pay tax at the fund level, leading to effective rates as high as 39 per cent for those in the high-income bracket. READ MORE

8:29 AM

Stock Market LIVE Updates: Stocks to Watch, Dec 3: Cipla, Axis Bank, Swiggy, TaMo, Adani Ports, SBI

Stock Market LIVE Updates: Adani Group stocks: Bangladesh has halved the power it buys from neighbouring India's Adani Power, citing lower winter demand, according to reports, amid disagreements over dues running into hundreds of millions of dollars. READ MORE

8:28 AM

Stock Market LIVE Updates: Markets Today: S&P & Nasdaq at record; Nikkei; Rajputana Biodiesel listing

Stock Market LIVE Updates: The benchmark indices, Nifty50 and Sensex, may react to upbeat global cues in Tuesday's trading session. At 6:40 AM, GIFT Nifty was trading flat at 24,428, suggesting a muted opening for bourses. On the first trading day of December (previous session), benchmarks reversed early losses to close on a positive note. The Sensex gained 445.29 points, or 0.56 per cent to settle at 80,248.08. Meanwhile, the Nifty50 closed 144.95 points higher, or 0.6 per cent, at 24,276.05. READ MORE

8:26 AM

Stock Market LIVE Updates: Asia-Pacific markets upbeat

Stock Market LIVE Updates: Asia-Pacific markets upbeat; Nikkei, Kospi jump 1 per cent each