Stock Market Crash Highlights: Sensex sheds 964pts, Nifty ends at 24,951; Banking, IT shares dip
Markets Today: Broader markets also mirrored the benchmarks, with Nifty Midcap100 and Nifty Smallcap100 indices ending lower by 0.28 per cent and 0.51 per cent, respectively
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10:36 AM
Stock Market LIVE Updates: Transrail Lighting IPO opens today, Dec 19; Should you bid or avoid?
Stock Market LIVE Updates: The initial public offering (IPO) of Transrail Lighting opens for public subscription today, December 19, 2024. At the upper end of the price band, the company seeks to raise Rs Rs 838.91 crore through the offering, which comprises a fresh issue of 9.3 million shares aggregating to Rs 400 crore and an offer for sale of 10.1 million shares aggregating to Rs 438.91 crore. The company announced that it raised Rs 245.97 crore from anchor investors in the bidding concluded on December 18, 2024. READ MORE
10:31 AM
Views By: Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities
Stock Market LIVE Updates: 'Bond yields cooling should be bullish for emerging markets like India'
Stock Market LIVE Updates: US Fed Walks the Talk - "It wasn't a surprise when the US Fed cut interest rates by 25 basis points (bps) to 4.75 per cent. The Fed had given enough clues and the market too had anticipated these rate cuts. However, what was surprising was how the US 10-year bond yields moved over the last one and half month which has been rising relentlessly from 3.6 per cent to almost 4.5 per cent despite the 50 bps cut in the last Fed meeting. It seems that the market is anticipating slower rate cuts going ahead and maybe there are even chances of inflation rising. Although the Fed chief is hopeful of taming inflation back to the 2 per cent target soon, thus not warranting a restrictive policy. The bond yields have cooled off and slipped below the 4.335 per cent mark. This should be bullish for emerging markets like India.
Views By: Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities
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
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
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
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.
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
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.
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
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.
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
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.
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
Stock Market LIVE Updates: Gold Spot up over 1% at $2,611.95
Stock Market LIVE Updates: Gold Spot up over 1% at $2,611.95
9:22 AM
Stock Market LIVE Updates: Rupee hits record low against US Dollar
Stock Market LIVE Updates: Rupee hits record low against dollar, at 85.05
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First Published: Dec 19 2024 | 7:44 AM IST
