Stock Market Highlights: Sensex ends at 78,139, signs-off 2024 with 8% gain; Nifty holds 23,600

Markets Today Highlights: On the last trading day of the year, Sensex ended 109 points lower amid weakness in IT and select banks. IT index slipped 1.5%, while India VIX rose over 3% on Tuesday.

12:30 PM

Stock Market LIVE Updates: Lupin up 2%, hits new high on buying Eli Lilly's diabetes drug Huminsulin

Stock Market LIVE Updates: Shares of Lupin hit a new high of Rs 2,361.95, gaining 2 per cent on the BSE in Tuesday’s intra-day trade in an otherwise weak market after the company said it has acquired Huminsulin in India from Eli Lilly to further enhance its diabetes portfolio.

 

The stock of the pharmaceutical company is quoting higher for the sixth straight trading day; it has rallied 10 per cent during the period. In comparison, the BSE Sensex was down 0.5 per cent at 77,890 at 11:04 AM. READ MORE

 

12:22 PM

Stock Market LIVE Updates: Nifty IT slumps over 2%: Persistent Systems, Mphasis, Infosys fall up to 5%

Stock Market LIVE Updates: The Nifty IT index fell around 1,066.30 points or 2.42 per cent intraday on the last trading day of the year at 42,905.10. The sector faced broad-based selling pressure as all major constituents were trading in the red.

 

Persistent Systems led the decline, plunging 4.78 per cent to Rs 6,320.50. Mphasis also fell sharply, down 3.38 per cent at Rs 2,836. Coforge dropped 2.77 per cent to Rs 9,546, while Infosys was 2.50 per cent lower at Rs 1,858.40. Tech Mahindra and Tata Consultancy Services (TCS) were also among the major laggards, slipping 2.19 per cent and 2.38 per cent to Rs 1,702.65 and Rs 4,059.85, respectively. READ MORE

 

 

12:11 PM

Stock Market LIVE Updates: Indo Farm IPO fully subscribed on Day 1

Stock Market LIVE Updates: The initial public offering (IPO) of tractors and harvesting equipment maker Indo Farm Equipment that opened for public subscription today, has been subscribed fully in the first few hours of opening. 

Indo Farm IPO comprises a fresh issue of 8.6 million shares aggregating to Rs 184.9 crore and an offer for sale (OFS) of 3.5 million shares aggregating to Rs 75.25 crore. The company on December 30, 2024, raised Rs 78.05 crore from anchor investors.

 

12:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and NSE Nifty50 were trading lower on Tuesday, amid weak global cues.

At 12 PM, the BSE Sensex was lower by 219.01 points, or 0.28 per cent, at 78,029, while the Nifty 50 was at 23,601.30, down 43.60 points, or 0.18 per cent.

 

11:55 AM

Stock Market LIVE Updates: RVNL share price zooms 7% after order worth Rs 137 cr from Central Railways

Stock Market LIVE Updates: Shares of Rail Vikas Nigam Limited (RVNL) climbed 7.52 per cent at Rs 439.90 a piece on the BSE in Tuesday’s intraday trade. RVNL share price jumped after the company emerged as the lowest bidder for project from Central Railway.

“The project involves design, supply, erection, testing & commissioning of 132/55 KV traction substation, sectioning post (SPs) and sub sectioning post (SSPs) in 2 x 25 KV traction system (Scott Connected Transformer) of Bhusaval - Khandwa Sections of Central Railway, to meet 3000 MT loading target on EPC mode,” the company said in exchange filing on Monday.
 

The project is valued at Rs 137.15 crore and is set to be completed within 24 months, the company said. READ MORE

 

11:52 AM

Stock Market LIVE Updates: RVNL emerges L1 bidder for Rs 404.40-cr project from East Coast Railway

Stock Market LIVE Updates: Rail Vikas Nigam Limited today informed that it has emerged as the lower bidder (L1) for a tender floated by East Coast Railway, for the "Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earth work in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway".

THe company, in an exchange filing, said, the project is to be completed within 30 months, at a project cost of Rs 404.40 crore (Rs 404, 40, 32, 985).

 

11:46 AM

Stock Market LIVE Updates: Anya Polytech & Fertilizers IPO: Check allotment status, GMP, other details

Stock Market LIVE Updates:  Post the closure of Anya Polytech & Fertilizers initial public offering (IPO), the basis of allotment is expected to be finalised today, December 31, 2024. The SME public issue opened for subscription on Thursday, December 26, 2024, and concluded on Monday, December 30, 2024.

 

The Rs 44.80 crore IPO was an entire fresh issue of 3,20,00,000 shares. The price band for the Anya Polytech & Fertilizers IPO was fixed at Rs 13 to Rs 14 per share. Anya Polytech IPO was oversubscribed nearly 439 times on the final day of subscription. READ MORE

 

11:39 AM

Stock Market LIVE Updates: W.S. Inds bags Rs 86.26-cr order for work at bus terminal at Tiruchirappalli city

Stock Market LIVE Updates: W.S. Industries (India) today informed that it has received a work order worth Rs 86.26 crore for the construction of additional works and balance works at the Integrated Bus Terminal and Multi-Utility Facility Centre at Panjappur in Tiruchirappalli City Corporation, Tamil Nadu.

The company, in an exchange filing, said, "We would like to inform you that a meeting of the Board of Directors of the company was held today to review the operations of the Company, general corporate matters and to consider and transact the following:

1. The Company has bagged an order for construction of additional works and balance works at Integrated Bus Terminal and Multi-Utility Facility Centre at Panjappur in Tiruchirappalli City Corporation, Tamil Nadu, approximately valued at Rs 86.26 Crores (inclusive of GST)." 

 

11:31 AM

Stock Market LIVE Updates: Easy Trip drops 10% amid large trade; 17.15 mn shares change hands on BSE

Stock Market LIVE Updates: Easy Trip Planners shares slumped 9.9 per cent in Tuesday's trade on BSE logging an intraday low at Rs 15.36 per share. The selling pressure in the stock came after 17.15 million shares changed hands on BSE and 143.3 million shares changed hands on NSE. Details of buyers and sellers are not available yet.

 

Around 10:22 AM, Easy Trip shares were down 8.09 per cent at Rs 15.67 per share on BSE. In comparison, the BSE Sensex was down 0.65 per cent at 77,739.79. The market capitalisation of the company stood at Rs 5,553.58 crore. READ MORE

 

11:24 AM

Stock Market LIVE Updates: M&M stocks post sharpest yearly rally in 15 years; zoom 73% in CY 2024

Stock Market LIVE Updates: Shares of Mahindra & Mahindra (M&M) are set to post its sharpest yearly rally in the past 15 years. The stock price of the automobile company has zoomed 73 per cent in the calendar year 2024 (CY24) on expectations of a robust growth prospect. The stock had hit a record high of Rs 3,221.10 on September 27, 2024.

 

M&M is the top gainer among the Sensex stocks in CY24. In comparison, the BSE Sensex has gained 8.3 per cent, and the BSE Auto index rallied 22.2 per cent during the same period. Earlier, in CY2009, the market price of M&M had skyrocketed 293 per cent, as against the 76 per cent surge in the benchmark index. READ MORE

 

 

11:17 AM

Stock Market LIVE Updates: Shriram Properties jumps 5% after land parcel sale to healthcare group

Stock Market LIVE Updates: Shares of Shriram Properties rose 5 per cent at Rs 109.45 a piece on the BSE in Tuesday’s intraday trade. Shriram Properties share price jumped after sale of 3.9 acre land parcel in Chennai to a large healthcare and educational group in South India.

 

The company, through its wholly-owned subsidiary SPL Shelters Private Limited, owns a 3.9-acre land parcel approved for retail space development. READ MORE

 

 

11:10 AM

Stock Market LIVE Updates: Promax Power bags order for 132/33 kV substations project worth Rs 55.43 crore

Stock Market LIVE Updates: Promax Power today informed that it has received an order worth Rs 55.43 crore for the design, supply, erection, testing and commissioning of four 132kv substations along with associated 132 kV Bays. 

The company, in an exchange filing, said, "We are delighted to announce that Promax Power Limited has secured a significant order for the Supply, Erection, Testing & Commissioning of 132/33 kV Sub-stations and associated 132 kV Bays." 

It added that the project involves design, supply, erection, testing and commissioning of four 132kv substations, along with fully equipped control room buildings; supply and installation of 4 132/33kv, 31.5 MVA transformers; and the construction of three complete 132 kV substation Bays.

The total awarded project value stands at approximately Rs 55.43 crore, it said.

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty make up some losses

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and NSE Nifty50 were trading lower on Tuesday, amid weak global cues.

At 11 AM, the BSE Sensex was lower by 290.95 points, or 0.37 per cent, at 77,957, while the Nifty 50 was at 23,567.05, down 77.85 points, or 0.33 per cent.

 

10:57 AM

Stock Market LIVE Updates: Indo Tech Transformers bags Rs 32.32-cr order for supply of 3 transformers

Stock Market LIVE Updates: Indo Tech Transformers today informed that it has bagged an order worth Rs 32.32 crore, for the supply of three 192 MVA transformers from a domestic customer.

The company, in an exchange filing, said, "We hereby inform you that Indo-Tech Transformers Limited has received Letter of Award (LOA) dated 30.12.2024 for supply of 3 Nos of 192 MVA transformers. The aggregate value of the order under the said LOA is INR 32.32 Crores plus applicable taxes". 

 

10:54 AM

Stock Market LIVE Updates: Havells India's Cables & Switchgear head Saurabh Goel resigns

Stock Market LIVE Updates: Havells India today informed that Saurabh Goel, Executive President and SBU Head (Cables and Switchgear), has resigned from his position, effective from December 31, at the company to pursue other opportunities.

The company, in an exchange filing, said, "Mr Saurabh Goel resigned from the position of Executive President and SBU Head (Cables and Switchgear)."