Stock Market Highlights: Benchmarks end 5-day losing streak; Sensex soars 498pts, Nifty above 23,750

Stock Market Highlights: The BSE Sensex climbed 0.64 per cent or 498.58 points to settle at 78,540.17 while NSE's Nifty50 rallied 0.95 per cent or 165 points to close at 23,753.45 levels

8:41 AM

Stock Market LIVE Updates: ICICI Prudential Bluechip Fund: Outrunning the herd, defying the ordinary

Stock Market LIVE Updates: ICICI Prudential Bluechip Fund, launched in May 2008, has consistently ranked in the top 30 percentile of the largecap fund category in CRISIL Mutual Fund Ranking (CMFR) for four consecutive quarters through September 2024.

 

The fund’s assets under management rose to Rs 66,207 crore as of September 2024, up from Rs 30,724 crore in September 2021. READ MORE

 

 

8:39 AM

Stock Market LIVE Updates: Street signs: Capital's great takeoff, IPO buffet, SMEs defy gravity

Stock Market LIVE Updates: Domestic markets faced turbulence last week, with the S&P BSE Sensex falling by 5 per cent, marking its worst weekly decline since June 2022. The primary factor behind this downturn is the flight of capital from India and other emerging markets (EMs) to the US.

 

According to Elara Capital’s liquidity tracker, EM funds saw a three-year high outflow of $2.9 billion. In addition, Asia ex-Japan funds saw $1.6 billion leave, bringing total EM outflows to $4.7 billion. In contrast, the US saw $82 billion in inflows, the strongest since March 2018 and March 2021, suggesting a marked shift of liquidity towards dollar assets. READ MORE

 

 

8:38 AM

Stock Market LIVE Updates: New year looks dull for emerging markets due to Trump's tariffs, trade wars

Stock Market LIVE Updates: Emerging markets-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.

From stocks to currencies to bonds, 2024 was yet another year in which the asset class failed to live up to its promise, or to the hype of money managers tasked with promoting riskier assets in smaller markets. For some, like London-based hedge fund Broad Reach Investment Management, the best opportunities in emerging markets come from betting against them.
 

Others are starting to wonder if it’s worth getting involved at all. READ MORE

 

8:34 AM

Stock Market LIVE Updates: Shift to 12-13% growth will create a selective market: Vinit Sambre

Stock Market LIVE Updates: Corporate India is transitioning from a period of exceptional earnings growth — exceeding 25 per cent over the past two to three years — to a more sustainable growth trajectory of 12-13 per cent over the next few years, says Vinit Sambre, head — equities at DSP Mutual Fund (MF). 

In a conversation with Business Standard's Abhishek Kumar in Mumbai, Sambre explains how this shift will likely create a more selective market environment. READ MORE

 

8:28 AM

Stock Market LIVE Updates: Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Stock Market LIVE Updates: India’s healthcare and pharmaceutical sectors raised Rs 14,811 crore through initial public offerings (IPOs) in 2024, the largest since 2019, driven by strong domestic demand amid expanding global opportunities.

 

According to data, key contributors to the record fundraising included Sai Life Sciences (Rs 3,043 crore), IKS Health (Rs 2,498 crore), and Sagility India (Rs 2,107 crore). Despite fewer IPOs this year (13 compared with 21 last year), the average issue size saw a considerable jump. READ MORE

 

8:27 AM

Stock Market LIVE Updates: Catch of the day: PE/VC funds reel in Rs 1.13 trillion in share sales

Stock Market LIVE Updates: Private equity and venture capital (PE/VC) funds have sold shares worth a record Rs 1.13 trillion in listed and initial public offering companies this year, exceeding 2023’s total of Rs 97,500 crore. The increase in activity within the secondary market, especially among small and midcap stocks, drove these exits.

 

An analysis by Nuvama Alternative & Quantitative Research shows that 103 companies saw PE firms exit partially or fully, up from 78 in 2023. Eighty-two per cent of these exits were in the small and midcap sectors, with financials, consumer discretionary, and healthcare leading the way. Foreign PE/VC funds were responsible for nearly two-thirds of the share sales. READ MORE

 

 

8:21 AM

Stock Market LIVE Updates: State bond yields outpace AAA rated corporate bond yields for long tenors

Stock Market LIVE Updates: State bond yields have been trading higher than AAA-rated public sector undertaking (PSU) bonds for maturities of 10 years and beyond, data showed.

Recent state development loans (SDL) auctions have shown average yields of around 7.11 per cent for longer tenors, climbing to 7.23 per cent in annualised terms.

On the other hand, AAA-rated PSU bond yields for similar maturities are trading slightly lower, between 7.10 per cent and 7.16 per cent.
 

Market participants said that the price difference is largely driven by heavy supply, timing mismatches in fund flows, and rising global interest rates. READ MORE

 

 

8:14 AM

Stock Market LIVE Updates: Asian stocks rally on account of US inflation relief, Nikkei gains 0.6%

Stock Market LIVE Updates: Asian shares rallied on Monday after a benign reading on US inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown. READ MORE

8:13 AM

Stock Market LIVE Updates: Stock Market Today: GIFT Nifty gains, Sensex rejig, Unimech IPO opens

Stock Market LIVE Updates: After a massive selling last week, India stock markets are expected to open higher today. GIFT Nifty futures were indicating a gap-up open for the Indian stock market, trading 157 points higher at 23,782.5 levels at 7:00 AM. The rebound in the stock markets today, at least in the initial trading hours, is expected as global markets inch higher in a holiday-shortened week. Markets will remain closed on Wednesday on account of the Christmas holiday. READ MORE

8:12 AM

Stock Market LIVE Updates: Osho Krishan of Angel One recommends buying these two stocks on Dec 23

Stock Market LIVE Updates:  Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart. Also, the counter has reverted from the 61.80% Fibonacci retracement of the recent surge, suggesting a continuation of its uptrend in the comparable period. Additionally, the 14-period RSI witnessed a positive crossover with the recent price action, adding to the bullish quotient. Hence, we recommend to ‘Buy’ Aegis Logistics around Rs 810-800 | Stop-loss: Rs 750 | Target: Rs 910-920  READ MORE

8:12 AM

Stock Market LIVE Updates: Chennai Petroleum, Titagarh among top picks by Jigar S Patel of Anand Rathi

Stock Market LIVE Updates: Recently, Chennai Petroleum has formed a double-bottom pattern following a steep decline of 650 points, representing a 54 per cent price cut. On December 19, 2024, the stock exhibited a massive bullish engulfing candlestick with substantial volume, accompanied by RSI bullish divergence, indicating potential upward momentum. This pattern emerged right after testing the S4 camarilla monthly pivot support. READ MORE

8:11 AM

Stock Market LIVE Updates: Stocks to Watch, Dec 23: JBM Auto, Sterling & Wilson, Aurobindo Pharma, L&T

Stock Market LIVE Updates: Sterling & Wilson Renewables:The company has secured a prestigious domestic order worth approximately Rs 1,200 crore. READ MORE

8:10 AM

Stock Market LIVE Updates: Nifty's Jenga stack shakes, 22,000 levels could topple it completely

Stock Market LIVE Updates: The National Stock Exchange (NSE) Nifty 50 Index ended below the 200-daily moving average (DMA) after a month, with the index now down 5.3 per cent, or 1,254 points, from a high of 24,792 in just five trading sessions. It closed at 23,587.50 on Friday. Recently, the short-term bias for the Nifty has also turned negative, with the NSE benchmark index drifting below its super trendline on the daily scale. READ MORE

7:56 AM

Stock Market LIVE Updates: Asia mostly higher, China muted

Stock Market LIVE Updates: Markets in the Asia-Pacific region climbed on Monday, tracking Friday's gains on Wall Street.

Japan’s Nikkei 225 climbed 0.81 per cent, while the Topix was ahead by 0.68 per cent.

South Korea’s Kospi gained 1.47 per cent, and the small-cap Kosdaq climbed 1.55 per cent.

Australia’s S&P/ASX 200 advanced 1.18 per cent.

Hong Kong’s Hang Seng index rose 0.2 per cent, while mainland China’s CSI 300 was lower by 0.23 per cent and the Shanghai Composite was lower by 0.06 per cent.

 

7:47 AM

Stock Market LIVE Updates: US markets end higher

Stock Market LIVE Updates: US markets end higher on Friday, boosted by a lower-that-expected core inflation reading there.

The Dow Jones Industrial Average rose 497.22 points, or 1.17 per cent, to 42,839.46, the S&P 500 rose 63.93 points, or 1.09 per cent, to 5,931.01 and the Nasdaq Composite rose 199.83 points, or 1.03 per cent, to 19,572.60.