Stock Market Crash Highlights: Sensex sinks 1176pts, Nifty settles at 23,587; all sectors end in red

Markets Crash Today: Broader markets fell more than the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices ending lower by 2.82 per cent and 2.19 per cent, respectively

2:23 PM

Stock Market LIVE Updates: MTAR Technologies stock zooms 9% on securing multiple international orders

Stock Market LIVE Updates: Shares of MTAR Technologies gained up to 9.22 per cent at Rs 1,777.90 per share on the BSE in Friday’s intraday deals. MTAR Technologies share price surged after the company secured four orders worth Rs 226 crores for supply of various products in the clean energy and aerospace sectors. 

 

The company secured deals from its existing international clients such as Bloom Energy Corporation worth Rs 190.90 crores, while bagging an order worth 7.99 crore from Rafael Advanced Defence Systems and an order of Rs 11.74 crore from IMI Systems. READ MORE

 

 

2:12 PM

Stock Market LIVE Updates: Nucleus Software appoints Mukul Agrawal as Regional Sales Head for South-East Asia

Stock Market LIVE Updates: Nucleus Software today informed that it has appointed Mukul Agrawal as Regional Sales Head for South East Asia (SEA). With over three decades of extensive sales experience across the SEA region, Mukul brings deep expertise in fintech solutions, including core banking and lending.

The company, in an exchange filing, said, this strategic appointment aligns with Nucleus Software’s ongoing efforts to enhance its global sales organisation, ensuring a consistent customer experience while expanding market reach. 

It added that it is also intensifying its on-the-ground presence across SEA to better serve its clients. 

The company said, "In his new role, Mukul will lead business expansion and manage the product portfolio, applying his strategic vision and customer-focused approach to drive the region’s digital transformation in financial services".

 

2:06 PM

Stock Market LIVE Updates: GAIL (India) to set up subsidiary in GIFT City for ship leasing & other activities

Stock Market LIVE Updates: GAIL (India) today informed that its board of directors has approved the setting up of a wohlly-owned subsidiary of the company to operate as a finance company in the International Financial Services Centre (IFSC) Gujarat International Finance Tec-City (GIFT City), for undertaking ship leasing and other activities.

The company, in an exchange filing, said, "It is hereby informed that GAIL Board at its meeting held on 20.12.2024 has accorded approval for formation of Wholly Owned Subsidiary of GAIL to operate as a Finance Company in International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (Gift City), Gujarat for undertaking Ship Leasing activities and/or Global/Regional Corporate Treasury Centres activities or any other permissible activities under the regulatory frameworks".

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade with deep cuts

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Friday amid mixed global cues.

At 2 PM, the BSE Sensex was lower by 813.19 points, or 1.03 per cent, at 78,404.86, while the Nifty 50 was at 23,715, lower by 236.70 points, or 0.99 per cent.

 

1:48 PM

Stock Market LIVE Updates: Dhanlaxmi Bank share price up 5%; here's what's boosting rally in stock

Stock Market LIVE Updates: Dhanlaxmi Bank shares rose 5.4 per cent in Friday's trade, logging an intraday high at Rs 42.54 per share on BSE. The stock was in demand after the company's board sanctioned raising Rs 297.54 crore through rights issue with a total issue of 14,16,86,767 rights shares each.

 

Around 11:07 AM, Dhanlaxmi share price was up 3.69 per cent at Rs 41.82 per share on BSE. In comparison, the BSE Sensex was down 0.02 per cent at 79,205.56. The market capitalisation of the company stood at Rs 1,058.35 crore. READ MORE

 

 

1:37 PM

Stock Market LIVE Updates: Top wealth creators in India: Ashish Kacholia, Mukul Agrawal lead 2024

Stock Market LIVE Updates: Several prominent investors have significantly increased their wealth in 2024, positioning themselves among the top 15 wealthiest individual investors in India, Moneycontrol reported citing data from PrimeInfobase. Ace investor Ashish Kacholia witnessed a remarkable 88 per cent growth in his portfolio, which surged from Rs 1,191 crore in December 2023 to Rs 2,247 crore by December 17, 2024. This impressive rise places him among the leading wealth creators in the country. READ MORE

1:29 PM

Stock Market LIVE Updates: Breakout stock: GIC RE share price up 12%, hits record high on heavy volume

Stock Market LIVE Updates: General Insurance Corporation of India (GIC-RE) share price soared as much as 11.8 per cent to hit an all-time high of Rs 494.65 per share on the BSE on Friday, December 20, 2024. GIC RE share price was ruling 11 per cent higher at Rs 490.7 per share at 1:17 PM on the exchange, even as the benchmark BSE Sensex index was down 778 points (0.98 per cent) at 78,441 level. READ MORE

1:16 PM

Stock Market LIVE Updates: Mamata Machinery IPO Day 2: Subscription soars 23x, GMP zooms 107%

Stock Market LIVE Updates: Mamata Machinery has received an enthusiastic response from investors for its initial public offering (IPO), which opened for subscription on Thursday, December 19, 2024. The Rs 179.39 crore offering has been subscribed 23.46 times as of 11:33 AM on Friday, December 20, 2024, according to data available on the National Stock Exchange (NSE).

 

The Mamata Machinery IPO has witnessed the highest demand among Retail Individual Investors (RIIs), who have oversubscribed the category reserved for them by 33.64 times. This was followed by Non-Institutional Investors (NIIs), who have oversubscribed their category by 28.46 times, and Qualified Institutional Buyers (QIBs) at 1.52 times. READ MORE

 

1:05 PM

Stock Market LIVE Updates: Shriram Finance consolidates green finance biz; aims for Rs 5,000 cr AUM in 3-4 yrs

Stock Market LIVE Updates: Shriram Finance today informed that it is consolidating all its green financing initiatives under Shriram Green Finance, dedicated to funding initiatives beyond electric vehicles. 

The company, in an exchange filing, said, the consolidation aims build a robust green finance portfolio through financing EVs, battery charging stations, renewable energy products and solutions, energy efficient machinery, etc. 

The company added that it has set a target to achieve an Asset Under Management (AUM) of Rs 5,000 crore for this vertical over the next 3–4 years.

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade with deep cuts

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Friday amid mixed global cues.

At 1 PM, the BSE Sensex was lower by 741.79 points, or 0.94 per cent, at 78,476.26, while the Nifty 50 was at 23,750.60, lower by 201.10 points, or 0.84 per cent.

 

12:56 PM

Stock Market LIVE Updates: PE investments in residential realty up 104% on year, Mumbai most favoured

Stock Market LIVE Updates: Private equity (PE) investment in Indian real estate has reached $ 4.2 billion in 2024, representing a 32% year-on-year (YoY) growth, according to a report by real estate consultancy firm KnightFrank India.  Among the various sectors, residential real estate has emerged as a standout performer, with a 104% surge in PE investments.

 

Notably, in 2024, PE investments more than doubled in the residential sector which saw a remarkable 104% increase in PE investments, amounting to $ 1.2 billion in 2024, demonstrating investor confidence in this segment which has been noting a consistent rise in end-user demand. READ MORE

 

 

12:52 PM

Stock Market LIVE Updates: Why Brainbees Solutions, parent to FirstCry gained 4% in trade on Dec 20?

Stock Market LIVE Updates: Brainbees Solutions, parent company of FirstCry, shares rose 3.9 per cent in trade, logging an intraday high at Rs 630 per share on BSE. The rally in the stock came after JM Financial has initiated coverage on the stock with a 'Buy' call.

 

Around 11:41 AM, Brainbees shares rose 3.14 per cent at Rs 624.9 per share on BSE. In comparison, the BSE Sensex was down 0.25 per cent at 79,018.10. The market capitalisation of the company stood at Rs 32,443.82 crore. The 52-week high of the company stood at Rs 734.25 per share and the 52-week low stood at Rs 513.8 per share. READ MORE

 

12:43 PM

Stock Market LIVE Updates: This recently listed stock jumped 70% in 1 mth after going below IPO price

Stock Market LIVE Updates: Garuda Construction and Engineering share price: Shares of Garuda Construction and Engineering moved higher by 13 per cent to Rs 128.90 on the BSE in Friday’s intra-day trade amid heavy volumes in an otherwise weak market. The stock of the civil construction company is trading higher for the third straight day, surging 36 per cent during the period.

 

Currently, Garuda Construction is trading 36 per cent higher over its issue price of Rs 95 per share. The company had made its stock market debut on October 15, 2024. READ MORE

 

 

12:32 PM

Stock Market LIVE Updates: BASF jumps 8% after board approves demerger, listing of agricultural biz

Stock Market LIVE Updates: BASF shares jumped 7.6 per cent in Friday's trade, logging an intraday high at Rs 5,944.3 per share on BSE. The buying sparked after the company's board approved the demerge of its agricultural solution business by 2027 and list it as a separate entity on bourses through an initial public offer (IPO).

 

Around 10:24 AM, BASF share price was up 7.2 per cent at Rs 5,853.1 per share on BSE. In comparison, the BSE Sensex was down 0.21 per cent at 79,052.37. The market capitalisation of the company stood at Rs 25,335.52 crore. READ MORE

 

12:23 PM

Stock Market LIVE Updates: Motilal Oswal initiates coverage on Anant Raj with 'Buy'; share hits record

Stock Market LIVE Updates: Real estate company Anant Raj shares were buzzing in trade on Friday, December 20, 2024, as the scrip soared up to 3.74 per cent to hit an all-time high (record high) of Rs 869 apiece. 

 

The rise in Anant Raj share price came after domestic brokerage Motilal Oswal Financial Services Limited (MOFSL) initiated coverage with ‘Buy’ for a target price of Rs 1,100, reflecting an upside of 31.3 per cent from the previous close (December 19) of Rs 837.60. READ MORE