Stock Market LIVE Updates: IT, Financials drag, Pharma, Health gain; Sensex slips 900 pts to 79,250

Markets Today LIVE: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading significantly lower on Thursday, tracking the decline on Wall Street following the US Fed's hawkish commentary

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Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth Rs 1,316.81 crore on December 18, while domestic institutional investors (DIIs) net bought shares worth Rs 4,084.08 crore on Wednesday. (Photo: Shutterstock)

10:27 AM

Stock Market LIVE Updates: Sanathan Textiles IPO opens today: Analysts weigh in on long-term prospects

Stock Market LIVE Updates: Sanathan Textiles initial public offering (IPO) opens for subscription today, December 19, 2024. The IPO aims to raise Rs 54.58 crore 550 crore, comprising a fresh issue and an offer for sale. The fresh issue includes 1.25 crore shares amounting to Rs 400 crore, while the offer for sale involves 0.47 crore shares aggregating Rs 150 crore.

Sanathan Textiles raised Rs 165 crore from anchor investors on Wednesday, December 18 with key anchors including SBI Magnum Children’s Benefit Fund, Nippon India SmallCap Fund, HDFC Manufacturing Fund and Kotak Manufacture In India Fund. READ MORE

10:18 AM

Stock Market LIVE Updates: Concord Enviro IPO opens today; Check GMP, price band: Should you bid?

Stock Market LIVE Updates: Concord Enviro Systems Limited IPO (Concord Enviro IPO) opens for subscription today, December 19, 2024.

The Concord Enviro IPO is a book-built issue, with a total size of Rs 500.33 crore. Concord Enviro IPO is structured as a combination of a fresh issue and an offer for sale (OFS). The fresh issue consists of 0.25 crore shares, which will raise Rs 175 crore, while the OFS involves 0.46 crore shares, amounting to Rs 325.33 crore. READ MORE

10:10 AM

Stock Market LIVE Updates: Inventurus Knowledge Solutions shares listing at 43% premium on bourses

Stock Market LIVE Updates: Shares of Inventurus Knowledge Solutions made a strong D-Street debut on Thursday, December 19, 2024, in an otherwise weak market. Inventurus Knowledge Solutions shares listed at Rs 1856 apiece on the BSE, reflecting a premium of 39.65 per cent over the IPO allotment price of Rs 1329.

On the National Stock Exchange (NSE), Inventurus Knowledge Solutions shares listed at Rs 1,900, reflecting a slightly higher premium of 42.96 per cent per share against the issue price. READ MORE

10:07 AM

Stock Market LIVE Updates: Mamata Machinery IPO opens today: GMP up 82%; Should you subscribe?

Stock Market LIVE Updates: he initial public offering (IPO) of manufacturing solutions provider Mamata Machinery is set to open for public subscription today, Thursday, December 19, 2024. At the upper end, the company seeks to raise Rs 179.39 crore from the public offering. The Mamata Machinery IPO comprises an entire offer for sale, with promoters offloading up to 73,82,340 equity shares with a face value of Rs 10 apiece.

Mamata Machinery has announced that it has already raised Rs 53.56 crore from anchor investors in a bidding concluded on December 18, 2024. READ MORE

10:03 AM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Thursday, tracking the decline on Wall Street following the US Fed's hawkish commentary.

At 10 AM, the BSE Sensex was 804.72 points, or 1 per cent lower at 79,377.48, and the Nifty 50 was at 23,956.30, down 242.55 points, or 1 per cent.

9:51 AM

Stock Market LIVE Updates: Sensex sinks 1,150pts, Nifty dips below 23,900: What's behind market crash?

Stock Market LIVE Updates: The key benchmarks – Sensex, Nifty faced another bear attack on Thursday, with the BSE Sensex crashing 930 points or 1.44 per cent to its intraday low of 80,818, while the NSE’s Nifty50 plunging 328 points or 1.35 per cent at 23,870 in intraday trade.

The drop in the Indian stock market came amid a similar downturn in the US as well Asian markets after the US Federal Reserve delivered its third consecutive rate cut but signaled a slowdown in future reductions, leaving investors jittery. READ MORE

9:42 AM

Stock Market LIVE Updates: Robert Sockin of Citi on US Fed's actions

Stock Market LIVE Updates: Robert Sockin of Citi, says we're looking for rates to continue to move down in India and other emerging markets.

This is a global central bank rate cutting cycle, with a few exceptions.

The key to focus on is that with a few more Fed rate cuts to come, there's a potential to stay higher for longer depending on economic growth, and inflation.

And if the Fed stays higher for longer, it is going to be challenging for all the other central banks to ease policy as much as we expect in our base case.

Right now, we've rate cuts broadly coming in most major regions, but the extent depends on domestic factors, apart from how much they are able and willing to deviate from the Fed.

In the past, we've seen, if the Fed stays high for longer, other central banks tend to rething the extent to which they're able to cut rates.

9:33 AM

Stock Market LIVE Updates: Robert Sockin of Citi on US Fed's actions

Stock Market LIVE Updates: Robert Sockin of Citi, says we've a very positive backdrop in the US; earnings growth is continued to be very strong throughout the cycle. Our equity strategiest's base case is that you'll get a significant leg-up from here to somewhere in the mid-6,000 range.

The backdrop from equities is positive, but the potential risks from Trump 2.0 on the tariff front not only tend to have negative effects on the economy, but also on specific companies.

9:32 AM

Stock Market LIVE Updates: Gold, Silver slide up to 2% on MCX

Stock Market LIVE Updates: Gold trades below Rs 79,000/10 gm, Silver at Rs 88,300 per 1 kg

9:29 AM

Stock Market LIVE Updates: Silver Spot up 0.4% at $29.47/Oz

Stock Market LIVE Updates: Silver Spot up 0.4% at $29.47/Oz

9:28 AM

Stock Market LIVE Updates: Robert Sockin of Citi on US Fed's actions, on CNBC TV18

Stock Market LIVE Updates: Robert Sockin of Citi, says what we saw from Fed Chair Powell today was a bit more caution on the outlook for inflation due to stronger inflation in recent prints.

Underneath the surface, its more about anticipation of upside inflation risks from the second Trump administration in the coming year.

The good news, is the US economy continues to be very resilient; growing very robustly; soft landing looks on track.

9:24 AM