Stock Market LIVE: Sensex climbs 500 pts to 78,550; Nifty at 23,750; Bank, Metal, Realty lead

Markets Today LIVE: Indian benchmark equity indices BSE Sensex and Nifty50 had come down from the day's highs, and were trading with some gains on Monday, amid firm global cues

11:01 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 climbed higher from the opening bell amid firm global cues.

At 11 AM, the BSE Sensex was higher by 782.26 points, or 1 per cent, at 78,823.85, and the Nifty50 was at 23,829, ahead by 241.80 points, or 1.03 per cent.

 

10:54 AM

Stock Market LIVE Updates: Sterling & Wilson surges 6% on Rs 1,200 cr-order for solar project; details

Stock Market LIVE Updates: Sterling & Wilson Renewable Energy shares were buzzing in trade on Monday, December 23, 2024, as the stock surged up to 6.18 per cent to hit an intraday high of Rs 471 apiece.

 

The uptick in the Sterling & Wilson Renewable Energy share price came after the company announced that it has received Letter of Intent (LoI) for a new order worth approximately Rs 1,200 crore in Gujarat. READ MORE

 

 

10:44 AM

Stock Market LIVE Updates: New India, GIC-RE, other insurance stocks fall up to 6% as GST cut deferred

Stock Market LIVE Updates: Shares of insurance companies, including both life as well as general insurers, declined by up to 6 per cent on the BSE in Monday’s intra-day trade after the Goods and Services Tax (GST) Council deferred the decision of GST on insurance. Thus, GST on insurance continues to remain unchanged.

The decisions on reducing GST on life and health insurance premiums and on the much-anticipated rate rationalisation of 148 items were deferred, as the Group of Ministers (GoM) panel required more time to finalise its reports. READ MORE

 

 

10:38 AM

Stock Market LIVE Updates: GMM Pfaudler's German unit buys 51% stake in a Polish LLC to setup mfg facility

Stock Market LIVE Updates: GMM Pfaudler today informed that its subsidiary, Pfaudler GmbH, Germany, has entered into an Investment and Shareholders’ Agreement on December 20, 2024, to acquire a 51 per cent stake of a limited liability company in Poland, to establish a manufacturing facility there.

The company, in an exchange filing, said, "This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing our global manufacturing capabilities and competitiveness".

The acquired entity specialises in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.

The company added that an investment of PLN 12.2 million (~ Rs 25.3 crore) will be made to establish this facility and the transaction will be funded through internal accruals.

 

10:31 AM

Stock Market LIVE Updates: SKF India board to meet in Dec 26 to mull approval for industrial biz's demerger

Stock Market LIVE Updates: SKF India today informed that it will hold a meeting of its board of directors on Thursday, December 26, to approve the demerger of its industrial business housed in a wholly-owned susidiary, SKF India (Industrial).

The company, in an exchange filing, said, "With reference to our Board Meeting outcome dated 08th October 2024, regarding in-principle approval to demerge the Industrial business of the Company, we wish to inform you pursuant to the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 26th December 2024, inter-alia, to consider and approve the Scheme of Arrangement for Demerger between the SKF India Limited and SKF India (Industrial) Limited, a wholly owned subsidiary of the Company and their respective shareholders and creditors, for demerger of Industrial business under Sections 230 to 232 and other applicable provisions of the
Companies Act, 2013. "

 

10:24 AM

Stock Market LIVE Updates: L&T share price rises 2% after bagging major order from Ministry of Defence

Stock Market LIVE Updates: Larsen and Toubro (L&T) shares rose 1.6 per cent in Monday's trade, logging an intraday high at Rs 3,690 per share on BSE. The stock gained after the company bagged a major contract from the Ministry of Defence for the supply of K9 Vajra-T Artillery Platforms to the Indian Army.

 

Around 9:52 AM, L&T shares were up 0.51 per cent at Rs 3,649.15 per share on BSE. In comparison, the BSE Sensex was up 0.76 per cent at 78,634.73.  READ MORE

 

10:15 AM

Stock Market LIVE Updates: Mamata Machinery IPO closes today; Subscription rises 37x, GMP up 107%

Stock Market LIVE Updates: The three-day subscription window for the initial public offering (IPO) of Mamata Machinery, which opened for public subscription on Thursday, December 19, 2024, is set to conclude today, Monday, December 23, 2024. The public offering has so far received an overwhelming response from investors.

 

Data available on the National Stock Exchange (NSE) revealed that the Mamata Machinery IPO has received bids for 19,54,62,727 shares against 51,78,227 shares on offer, resulting in an oversubscription of 37.75 times by the end of the second day of subscription, December 20, 2024. READ MORE

 

10:07 AM

Stock Market LIVE Updates: India Cements, UltraTech Cement gains up to 11% as CCI approves acquisition

Stock Market LIVE Updates: The India Cements shares jumped 11 per cent in Monday's (December 23, 2024) trade, logging an intraday high at Rs 376.3 per share on BSE. The buying in the stock came after the Competition Commission of India (CCI) granted approval to UltraTech Cement acquirers. 

Around 9:22 AM, the India Cements shares were up 9.19 per cent at Rs 370.15 per share on BSE. In comparison, the BSE Sensex was up 0.72 per cent at 78,600.18. The market capitalisation of the India Cements stood at Rs 11,472.39 crore. READ MORE

 

10:02 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty maintain opening gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were maintaining the gains from opening bell amid firm global cues.

At 10 AM, the BSE Sensex was higher by 507.18 points, or 0.65 per cent, at 78,548.77, and the Nifty50 was at 23,730, ahead by 143 points, or 0.61 per cent.

 

9:56 AM

Stock Market LIVE Updates: Cupid pares gains after jumping 5% on bagging Rs 18.2-cr deal from UNFPA

Stock Market LIVE Updates: Cupid has received orders worth Rs 18.2 crore from the United Nations Population Fund (UNFPA).  

 

9:55 AM

Stock Market LIVE Updates: Coforge climbs 1.7% as it completed acquisition of 54% stake in Cigniti Tech

Stock Market LIVE Updates: Coforge has completed the acquisition of a 54 per cent stake in Cigniti Technologies at Rs 1,415 per share.  

 

9:51 AM

Stock Market LIVE Updates: Ultratech Cement climbs 1.4% as CCI gives nod to its India Cements acquisition

Stock Market LIVE Updates: Ultratech Cement’s acquisition of The India Cements Ltd. has been approved by the Competition Commission of India (CCI).  

 

9:45 AM

Stock Market LIVE Updates: 343 electric buses order of Rs 1,800 crore sends JBM Auto share 5% higher

Stock Market LIVE Updates: JBM Auto share price was in demand on Monday, December 23, 2024, as the scrip moved up to 5.23 per cent to hit an intraday high of Rs 1,725 per share.  

 

However, at 9:22 AM, the JBM Auto share was off day’s high and was trading 3.18 per cent higher at Rs 1,691.40 apiece. In comparison, BSE Sensex was trading 0.78 per cent higher at 78,653.87 levels. READ MORE

 

9:44 AM

Stock Market LIVE Updates: Piramal Enterprises climbs 2.7% on plans to raise Rs 2,000 crore via NCDs

Stock Market LIVE Updates: Piramal Enterprises plans to issue secured non-convertible debentures worth Rs 2,000 crore.  

 

9:42 AM

Stock Market LIVE Updates: Fortis Healthcare drops nearly 1.5% after buying 7.61 stake in Agilus Diagnostics

Stock Market LIVE Updates: Fortis Healthcare has acquired a 7.61 per cent equity stake in Agilus Diagnostics for Rs 429 crore.