Stock Market Closing Highlights: Sensex sheds 451pts, Nifty ends at 23,645; Banking, Auto shares dip

Markets Today Highlights: In the broader markets Nifty Midcap100 index ended higher by 0.37 per cent, while Nifty Smallcap100 index settled down by 0.62 per cent

12:10 PM

Stock Market LIVE Updates: Utkarsh Small Finance Bank rises 4% on plans to sell off Rs 355-cr loans

Stock Market LIVE Updates: Utkarsh Small Finance Bank shares advanced 3.7 per cent in Monday's trade on BSE, logging an intraday high at Rs 35.85 per share. However, around 10:30 AM, Utkarsh Small Finance Bank share price pared gains an was up 0.64 per cent at Rs 34.78 per share on BSE.

 

In comparison, the BSE Sensex was down 0.04 per cent at 78,667.88. The market capitalisation of the company stood at Rs 3,831.11 crore. The 52-week high of the stock stood at Rs 68.23 per share and the 52-week low stood at Rs 34.5 per share. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade with gains

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher after paring their opening losses on Monday.

At 12 PM, the BSE Sensex was higher by 340.53 points, or 0.43 per cent, at 79,039.60, while the Nifty50 was at 23,896.50, ahead by 83.10 points, or 0.35 per cent.

 

11:48 AM

Stock Market LIVE Updates: Cigniti Technologies slips 8% after board approves merger with Coforge

Stock Market LIVE Updates: Cigniti Technologies shares slipped 8 per cent to Rs 1,707.15 on the BSE in Monday’s intra-day trade on profit booking after the company’s board approved the scheme of amalgamation of the company with and into Coforge. The stock price of the information technology (IT) enabled services company has corrected 14 per cent from its 52-week high of Rs 1,980.75 that it hit on December 17, 2024.

 

In an exchange filing, Coforge informed the stock exchange that the merger of Cigniti has been approved. READ MORE

 

11:38 AM

Stock Market LIVE Updates: SBI approves Amitava Chatterjee's retirement after appointment as J&K Bank MD & CEO

Stock Market LIVE Updates: State Bank of India today informed that the voluntary retirement of Deputy Managing Director (Commercial Clients Group - II) has been approved, with effect from December 29, 2024.

The company, in an exchange filing, said, "We advise that the application for voluntary retirement of Shri Amitava Chatterjee, Deputy Managing Director (Commercial Clients Group-II), was approved by the competent authority from Bank’s services w.e.f. 29.12.2024".

Previously, Jammu and Kashmir Bank had informed on December 25, that it has appointed Chatterjee as the bank's managing director and CEO.

 

11:29 AM

Stock Market LIVE Updates: Indian IT sector 'bytes' into 2025 with cautious optimism amid big AI bets

Stock Market LIVE Updates: The Indian IT industry steps into 2025 with hope and optimism of improved tech spending and stronger deal pipeline as businesses across-the-board take bold AI bets, but all eyes are on global macroeconomic cues as well as the US' stance on trade and high-skilled immigration as President-elect Donald Trump returns to White House next month.

 

With Q2 report card of most IT heavyweights fuelling hopes of an improved client demand over the coming quarters - industry pundits predict a notable rebound in growth and profitability metrics materialising by late 2025 or the second half of FY26, if all goes well. READ MORE

 

 

11:20 AM

Stock Market LIVE Updates: Ola Electric stock plummets 5% as CTO, CMO resign citing personal reasons

Stock Market LIVE Updates: Shares of Ola Electric Mobility fell 4.61 per cent at Rs 85.93 a piece on the BSE in Monday’s intraday trade. Ola Electric share price rose after Ola Electric announced the departure of two senior executives, Chief Marketing Officer Anshul Khandelwal and Chief Technology Officer Suvonil Chatterjee due personal reasons. 

 

Chatterjee, who joined Ola six years ago as Head of Design, was instrumental in the development of key products such as Ola Krutrim and Ola Maps. He was promoted to Chief Technology and Product Officer in 2021. READ MORE

 

11:11 AM

Stock Market LIVE Updates: Adani Enterprises jumps 4% in trade; here's why stock is in demand

Stock Market LIVE Updates: Adani Enterprises shares gained 3.9 per cent on BSE in Monday's trade, logging an intraday high at Rs 2,505.5 per share amid healthy growth projections in the fiscal year (FY24).

 

Around 10:03 AM, Adani Enterprises share price was up 3.9 per cent at Rs 2,503.2 per share on BSE. In comparison, the BSE Sensex was down 0.17 per cent at 78,563.49. READ MORE

 

11:02 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 Nifty50 were trading flat on Monday, amid weak global cues.

At 11 AM, the BSE Sensex was higher by 17.14 points, or 0.02 per cent, at 78,716.21, while the Nifty50 was at 23,806.30, down 7.10 points, or 0.03 per cent.

 

10:56 AM

Stock Market LIVE Updates: Here's why Gujarat Fluorochemicals share slipped 5% in trade on December 30

Stock Market LIVE Updates: Chemicals company Gujarat Fluorochemicals shares slipped in trade on Monday, December 30, 2024. The Gujarat Fluorochemicals shares dropped up to 4.87 per cent to hit an intraday low of Rs Rs 4,182.10 per share.

The decline in the company’s share price followed an announcement made on Sunday, December 29, regarding an ‘incident’ at the CMS-1 plant that occurred on December 28, 2024. READ MORE

 

10:47 AM

Stock Market LIVE Updates: Shakti Pumps up 4%, hits record as board to consider fundraising on Jan 7

Stock Market LIVE Updates: Shares of Shakti Pumps were buzzing in trade on Monday, December 30, 2024, as the scrip gained up to 4.27 per cent to hit a fresh record high (all-time high) of Rs 1,145.70 per share. 

 

The rise in the Shakti Pumps share price came after the company announced that its board of directors will meet on January 7, 2025, to consider and approve fundraising via Qualified Institutional Placement (QIP). READ MORE

 

10:35 AM

Stock Market LIVE Updates: Anya Polytech IPO closes today; Subscription rises 47x, GMP zooms 28%

Stock Market LIVE Updates: The initial public offering (IPO) of Anya Polytech, which opened for public subscription on Thursday, December 26, 2024, is set to close today, December 30, 2024. The Rs 44.80 crore public offering of Anya Polytech comprises an entirely fresh issue of 3,20,00,000 shares.

 

The company has set the price band at Rs 13-14 per share, with a lot size of 10,000 shares. Accordingly, investors can bid for a minimum of 10,000 shares and in multiples thereof. READ MORE

 

 

10:27 AM

Stock Market LIVE Updates: IOL Chemicals shares fly 5% as board approves 1:5 stock split; details here

Stock Market LIVE Updates: IOL Chemicals and Pharmaceuticals share price soared as much as 5.22 per cent to hit an intraday high of Rs 431.35 per share on Monday, December 30, 2024. 

The rise in the IOL Chemicals share price came after the company’s board of directors approved the sub-division / split of each equity share of face value of Rs 10 each, fully paid-up into 5 equity shares of face value of Rs 2 each, fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company. READ MORE

 

 

10:19 AM

Stock Market LIVE Updates: Vodafone Idea shares jump 7% after relief on spectrum bank guarantees

Stock Market LIVE Updates: Shares of Vodafone Idea surged 7 per cent at Rs 8 a piece on the BSE in Monday’s intraday trade. Vodafone Idea share price rose after the debt-laden telecom provider Vodafone Idea Ltd. announced that the Department of Telecommunications (DoT) has waived the requirement to submit financial bank guarantees for spectrum acquired in auctions held in 2012, 2014, 2015, 2016, and 2021.

The company received this communication from the DoT on December 27, 2024. However, this waiver comes with specific terms and conditions. READ MORE

 

10:12 AM

Stock Market LIVE Updates: Carraro India IPO listing today: Shares list at 7% discount on bourses

Stock Market LIVE Updates: Shares of agricultural and construction equipment manufacturer Carraro India posted a negative debut on the bourses on Monday, December 30, 2024. The company's shares listed at Rs 660 apiece, reflecting a discount of 6.25 per cent over the IPO issue price of Rs 704. 

Carraro India shares listed at a discount of 7.53 per cent at Rs 651 apiece on the National Stock Exchange (NSE). READ MORE

 

10:11 AM

Stock Market LIVE Updates: Senores Pharma IPO listing jackpot; Shares debut at bumper 52% premium

Stock Market LIVE Updates: Shares of pharmaceutical products manufacturer Senores Pharmaceuticals made a bumper debut on the bourses following the completion of its initial public offering (IPO). Senores Pharma shares listed at Rs 593.70 apiece on the BSE, reflecting a premium of 51.84 per cent over the IPO allotment price of Rs 391.

 

On the National Stock Exchange (NSE), Senores Pharma shares listed at Rs 600 apiece, reflecting a slightly higher premium of 53.45 per cent over the IPO allotment price. READ MORE