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

9:15 AM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The presence of several moving averages as well as key fibo supports near 23859 had encouraged us to bet on a close above the same yesterday. We are a due a Pull back as follow through move today, but expect a turn lower again trom the 24070-24100 region. Upside hopes will rest on the ability to float above 23950 after such declines and we are looking forward to the same. Else, 23610 and 23345 stand exposed.

View by Geojit Financial Services 

9:12 AM

Stock Market LIVE Updates: Here's what market experts suggest

Stock Market LIVE Updates: The FII buying witnessed in early December is getting reversed now with this week’s selling reaching Rs 12229 crores. This change in FII strategy is getting reflected in market trends,too, with largecaps, particularly financials, coming under pressure due to FII selling. This trend is unlikely to sustain and, therefore, retail investors can adopt a strategy opposite to the FII strategy. Quality largecaps will soon bounce back. 

 

Pharmaceuticals have been resilient despite market weakness. This trend can sustain. IT is likely to be strong in the near-term, buoyed by the positive Accenture results and guidance. Gen AI is becoming a profit pool for IT companies. The negative response to the Fed’s commentary yesterday will be temporary. Recovery led by largecaps is possible in the near-term.

View by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

9:10 AM

Stock Market LIVE Updates: Nifty Midcap 100 and Smallcap 100 in green in pre open

Stock Market LIVE Updates: Broader market indices, Nifty Midcap 100 and Smallcap 100 traded in green in pre open 

 

9:07 AM

Stock Market LIVE Updates: A glance at gainers and loser on Sensex in pre open

Stock Market LIVE Updates: Airtel, M&M, Infosys among top Sensex gainers in pre open 

9:05 AM

Stock Market LIVE Updates: Sensex flat above 79,200 in pre open

Stock Market LIVE Updates: BSE Sensex traded flat above 79,200 in pre open  

 

9:03 AM

Stock Market LIVE Updates: Nifty down over 80 pts below 23,900 in pre open

Stock Market LIVE Updates: NSE Nifty traded in red below 23,900 in pre open

 

9:00 AM

Stock Market LIVE Updates: 'Recovery led by largecaps is possible in the near-term'

Stock Market LIVE Updates: "The FII buying witnessed in early December is getting reversed now with this week’s selling reaching Rs 12,229 crore. This change in FII strategy is getting reflected in market trends,too, with largecaps, particularly financials, coming under pressure due to FII selling. This trend is unlikely to sustain and, therefore, retail investors can adopt a strategy opposite to the FII strategy. Quality largecaps will soon bounce back. 

Pharmaceuticals have been resilient despite market weakness. This trend can sustain. 

IT is likely to be strong in the near-term, buoyed by the positive Accenture results and guidance. Gen AI is becoming a profit pool for IT companies. 

The negative response to the Fed’s commentary yesterday will be temporary. Recovery led by largecaps is possible in the near-term."

Views by: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:58 AM

Stock Market LIVE Updates: GST Council may provide exporter status to intermediaries for tax relief

Stock Market LIVE Updates: The 55th Goods and Services Tax (GST) Council meeting on Saturday may provide relief to intermediaries such as brokers, agents, and online bidding portals that offer their services to entities abroad.

 

This will be done by classifying them as exporters, making them zero-rated. READ MORE

 

 

8:57 AM

Stock Market LIVE Updates: PVR Inox scripting new theatre billing: Pay only for what you watch

Stock Market LIVE Updates: Not all movies keep the audience seated till the final credits roll. While some others see repeat viewers who only come to see a part of it, and leave. Who knows it better than PVR Inox, which is now in the process of writing a fresh billing script. It is coming up with ‘Pay for What You Watch Model’ in theatres called FLEXI Show.

 

It will give the audience the freedom to leave the hall at any point in the movie while paying only for the time they watched it. READ MORE

 

 

8:54 AM

Stock Market LIVE Updates: Carraro India IPO opens today: Check GMP, price band; Should you subscribe?

Stock Market LIVE Updates: The initial public offering of agricultural and construction equipment manufacturer Carraro India opens for public subscription today. The public offering comprises an entire offer for sale with promoter Carraro International S.E. divesting up to 1,77,55,680 equity shares of the company estimated to be worth around Rs 1,250 crore.

 

Carraro India has announced that it has already raised Rs 375.00 crore from anchor investors on the bidding concluded on December 19, 2024. READ MORE

 

 

8:51 AM

Stock Market LIVE Updates: Nazara Tech extends timeline for 19.35% stake buy in Absolute Sports to Jan 15

Stock Market LIVE Updates: Nazara Technologies today informed that it has extended the closing of the Share Purchase Agreement it has signed with its subsidiary Absolute Sports Private Limited, and Porush Jain and Srinivas Cuddapah, existing shareholders of Absolute, for the acquistion of a 19.35 per cent stake in the company, to January 15, 2025.

The company, in an exchange filing, said, "... Further to our earlier intimation dated September 18, 2024 and in compliance with Regulation 30 read with Schedule III of Listing Regulations and pursuant to the Share Purchase Agreements dated September 18, 2024 executed amongst the Company, Absolute Sports Private Limited, a subsidiary of the Company and Mr. Porush Jain and Mr. Srinivas Cuddapah, the existing shareholders of Absolute, as referred to in our above communication, we wish to inform you that the timeline for the acquisition of 41,173 equity shares of INR 1 each of the Absolute, representing 19.35% of the equity share capital, on fully diluted basis, from Sellers, in terms of closing of the SPA, is extended to January 15, 2025".

 

8:44 AM

Stock Market LIVE Updates: States' freebies crowd out resources needed for development: RBI report

Stock Market LIVE Updates: A Reserve Bank report on Thursday sounded a note of caution saying sops like farm loan waiver, free power and transport, by states could crowd out their critical resources for social and economic infrastructure.

 

The RBI's 'State Finances: A Study of Budgets of 2024-25', however, said state governments have made commendable progress towards fiscal consolidation by containing their aggregate gross fiscal deficit within 3 per cent of GDP for three consecutive years (2021-22 to 2023-24), while restricting revenue deficit at 0.2 per cent of the GDP in 2022-23 and 2023-24. READ MORE

 

8:41 AM

Stock Market LIVE Updates: How policymakers are split over attracting Chinese investment into India

Stock Market LIVE Updates: When the FY24 Economic Survey, presented in July, batted for allowing more Chinese investments into India, it was seen as a change in the heart of the government after its re-election for a third successive term. However, with trade minister Piyush Goyal quickly clarifying that there was no rethinking in the government to support foreign direct investment (FDI) from China, matters died down.

 

However, in recent months, India’s fast-tracking of business visas for Chinese nationals, troop disengagement along the Ladakh border, and statements by senior government functionaries have indicated renewed deliberation on the future of India’s economic ties with China. READ MORE

 

 

8:39 AM

Stock Market LIVE Updates: RBI's many roles hinder core monetary policy mandate, resolution is crucial

Stock Market LIVE Updates: Columnists like me are offering advice to the new governor of the Reserve Bank of India (RBI) on the important questions that he faces. However, a remarkable feature of the present situation is that, for the governor to succeed, the onus is on the Government of India (GoI).

 

Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts. The bulk of the RBI’s difficulties arise from these conflicts. What are these roles? READ MORE

 

 

8:38 AM

Stock Market LIVE Updates: Fed's rate cut disappoints markets, sticky inflation adds to global woes

Stock Market LIVE Updates: Adjusting to changing policy realities is often difficult for financial markets. On Wednesday, the Federal Open Market Committee (FOMC) of the United States (US) Federal Reserve reduced the target range for the federal funds rate by 25 basis points, as was widely expected by financial markets. However, both the stock and bond markets sold off. READ MORE