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

12:15 PM

Stock Market LIVE Updates: Sunflag Iron hits new high on healthy outlook; stock zooms 58% in one month

Stock Market LIVE Updates: Sunflag Iron & Steel shares hit a new high of Rs 307.25, rallied 8 per cent on the BSE in Friday’s intra-day trade, surging 13 per cent in two days on a healthy outlook. In one month, the stock price of this smallcap iron and steel company has zoomed 58 per cent. 

 

At 10:02 AM, Sunflag Iron & Steel was trading 7 per cent higher at Rs 305.55, as compared to the 0.54 per cent decline in the BSE Sensex. READ MORE

 

 

12:05 PM

Stock Market LIVE Updates: Gravita India successfully raises Rs 100 crore via QIP issue

Stock Market LIVE Updates: Gravita India today informed that the fund raising committee of its board of directions on December 19, approved the closure of issue for its QIP issue to raise Rs 100 crore. 

The company, in an exchange filing, said, "We wish to inform you that in respect of the QIP, the Fund Raising Committee of the Company has, at its meeting today, i.e. 19th December, 2024, inter alia, passed the following resolutions:

(i) approved and declared the closure of issue period for the QIP today, i.e. 19th December, 2024... ;

(ii) determined and approved the issue price for 47,70,537 Equity Shares to be allotted to eligible QIBs at a price of ₹ 2,096.20 per Equity Share, including a premium of ₹ 2,094.20 per Equity Share, which takes into account a discount of ₹ 110.29 per Equity Share on the floor price amounting to ₹ 2,206.49 per Equity Share (5% of the floor price)... ;

(iii) approved and finalised the confirmation of allocation note to be sent to eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the QIP;

(iv) approved and adopted the placement document dated 19th December, 2024 in connection with the QIP"

 

12:01 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty pare losses, trade flat

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading on a muted note on Friday after paring most of the losses since opening with mixed levels amid a slew of mixed global cues.

At 12 PM, the BSE Sensex was lower by 108 points, or 0.14 per cent, at 79,110.01, while the Nifty 50 was at 23,939.25, behind by 12.45 points, or 0.05 per cent.

 

11:53 AM

Stock Market LIVE Updates: Uno Minda gains 4% after NCLT approves merger of 3 entities with company

Stock Market LIVE Updates: Uno Minda shares gained 4.1 per cent in Friday's trade, logging an intraday high at Rs 1,090 per share on BSE. The stock gained after the National Company Law Tribunal (NCLT) approved the merger of Kosei Minda Aluminum Company, Kosei Minda Mould, and Minda Kosei Aluminum Wheel with Uno Minda.

 

Around 9:53 AM, Uno Minda share price was up 2.48 per cent at Rs 1,073 per share on BSE. In comparison, the BSE Sensex was down 0.17 per cent at 79,082.74. The market capitalisation of the company stood at Rs 61,607.72 crore. READ MORE

 

11:42 AM

Stock Market LIVE Updates: Why battery maker Amara Raja Energy's shares gained over 4%; details here

Stock Market LIVE Updates: Shares of Amara Raja Energy & Mobility gained up to 4.3 per cent at Rs 1,273.75 per share on the BSE in Friday’s early morning deals. Amara Raja share price surged after the company stated that Hyundai Motor India will incorporate AMARON’s AGM (Absorbent Glass Mat) battery technology across its domestic product lineup. 

These batteries, used for Starting, Lighting, and Ignition (SLI), will be sourced under HMIL’s existing procurement agreement with Amara Raja Energy & Mobility. READ MORE

 

 

11:32 AM

Stock Market LIVE Updates: Sagility India soars 5%, hits record high as Jefferies initiates with 'Buy'

Stock Market LIVE Updates: Shares of recently-listed management services company, Sagility India, were in demand on Friday, December 20, 2024, as the scrip moved up to 4.99 per cent to hit a fresh record high (all-time high) of Rs 46.09 apiece.
 

The uptick in Sagility India share price was fuelled after New York, US-based brokerage firm Jefferies initiated coverage with ‘Buy’ on Sagility India, with a target price of Rs 52 per share. The target reflects an upside of 18.45 per cent from the previous close (December 19) of Rs 43.90. READ MORE

 

11:19 AM

Stock Market LIVE Updates: Exide Industries gains 4% on pact with Hyundai Motor India for EV batteries

Shares of Exide Industries gained up to 3.83 per cent at Rs 456.80 per share on the BSE in Friday’s early morning deals. Exide Industries share price surged after its subsidiary Exide Energy Solutions signed a binding agreement with Hyundai Motor India to supply lithium-ion cells and battery packs for Hyundai's EVs in India. Read more

11:09 AM

Stock Market LIVE Updates: Senores Pharmaceuticals IPO opens today: GMP up 38%; Should you apply?

Stock Market LIVE Updates: The initial public offering (IPO) of research-driven pharmaceutical company, Senores Pharmaceuticals, opens for public subscription today. The company has stated that it has already raised Rs 260.63 crore from anchor investors, with the bidding concluded on December 19, 2024.

 

Senores Pharma IPO is a book-built issue of Rs 582.11 crore, comprising a fresh issue of 1,27,87,723 equity shares and an offer for sale, with promoters and others divesting up to 21,00,000 shares with a face value of Rs 10 apiece. READ MORE

 

 

11:03 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty pare losses, trade flat

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading on a muted note on Friday after paring most of the losses since opening with mixed levels amid a slew of mixed global cues.

At 11 AM, the BSE Sensex was lower by 37 points, or 0.05 per cent, at 79,181.05, while the Nifty 50 was at 23,957.65, ahead by 5.95 points, or 0.02 per cent.

 

10:59 AM

Stock Market LIVE Updates: Tata Power's RE arm partners Canara Bank to ease financing for PM Surya Ghar Scheme

Stock Market LIVE Updates: Tata Power Company today informed that its subsidiary Tata Power Renewable Energy Limited (TPREL), has joined hands with Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Scheme.

The company, in an exchange filing, said the tie up with Canara Bank aims to simplify access to solar energy solutions for households by providing attractive financing options to transition to a more sustainable energy future. 

It added that for systems with a capacity of up to 3 kW, the scheme offers loans of up to Rs 2 lakh with a 10 per cent margin money requirement, collateral-free financing, a competitive interest rate of 7 per cent per annum, and a tenure of up to 10 years. 

For systems between 3 kW and 10 kW, the scheme provides loans of up to Rs 6 lakh with a 20 per cent margin money requirement, collateral-free financing, and interest rates at 10 per cent per annum, with a maximum tenure of 10 years. 

 

10:50 AM

Stock Market LIVE Updates: Ventive Hospitality IPO opens; check GMP, recommendation and other details

Stock Market LIVE Updates: Ventive Hospitality IPO: The initial public offering (IPO) of high-end luxury hotels and resorts operator Ventive Hospitality opens for public subscription today, December 20, 2024.

At the upper end of the price band, the company seeks to raise Rs 1,600 crore through the offering, which is an entire fresh issue of 24.9 million shares. The company announced that it raised Rs 719.55 crore from anchor investors in the bidding concluded on December 19, 2024. READ MORE

 

 

10:44 AM

Stock Market LIVE Updates: Maruti teases first electric SUV; to showcase it at Bharat Mobility Global Expo

Stock Market LIVE Updates: Maruti Suzuki India Limited today informed that it will showcase its production ready eBorn SUV, the e VITARA at the Bharat Mobility Global Expo 2025, set to be held between January 17 and 22 in New Delhi. 

The company, in an exchange filing, said, the e VITARA, a global model manufactured in India for the world, was recently unveiled by Suzuki Motor Corporation at Milan, Italy.

The e Vitara is built on the HEARTECT-e platform specially designed for Battery Electric Vehicles (BEV), it added.

 

10:38 AM

Stock Market LIVE Updates: Banner year beckons again for India after $19 billion IPO record this year

Stock Market LIVE Updates: India has become one of the world’s leading markets for deals such as initial public offerings, smashing its record for money raised this year as investors snap up opportunities.

 

Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40 per cent. The feeding frenzy is set to roll into 2025, according to several women on the front lines. READ MORE

 

 

10:27 AM

Stock Market LIVE Updates: KPI Green Energy announces ex-date for bonus issue; stock jumps 5%

Stock Market LIVE Updates: Shares of KPI Green Energy rallied up to 4.80 per cent at Rs 800 per share on the BSE in Friday’s early morning deals. KPI Green Energy share price surged after the company announced January 3, 2024 as the record date for its proposed bonus issue in a 1:2 ratio.

 

“The Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing on Thursday. READ MORE

 

10:16 AM

Stock Market LIVE Updates: Bumper debut! Hamps Bio lists at 90% premium, hits upper circuit later

Stock Market LIVE Updates: Shares of Hamps Bio made a solid debut on the BSE SME today, Friday, December 20, 2024, continuing their upward momentum to hit the upper circuit within a few minutes of listing. The company's stock listed at Rs 96.90 apiece, a 90 per cent premium over the IPO allotment price of Rs 51.

 

After listing, the Hamps Bio shares gained an additional 5 per cent, surging 99.49 per cent from the issue price to reach the upper circuit of Rs 101.74 apiece on the BSE SME. During the session, nearly 0.28 million shares, valued at Rs 2.90 crore, were traded before trading was halted. READ MORE