Monday, January 06, 2025 | 11:32 PM ISTEN Hindi

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.

SI Reporter New Delhi

Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth 1,893.16 crore on December 30, while domestic institutional investors (DIIs) net bought shares worth Rs Rs 2,173.86 crore on Monday. (Photo: Bloomberg)

10:44 AM

Stock Market LIVE Updates: Mazagon Dock share pops 5% on Rs 1,990 crore-deal with Ministry of Defence

Stock Market LIVE Updates: Shipbuilding company Mazagon Dock Shipbuilders shares were buzzing in early trade as the scrip rose up to 4.60 per cent to hit an

intraday high of Rs 2,370.50 per share on Tuesday, December 31, 2024.

However, at 10:04 AM, Mazagon Dock share pared its initial gains and was trading 1.98 per cent lower at Rs 2,221.40 per share. By comparison, BSE Sensex was trading 0.65 per cent lower at 77,737.79 levels.

The initial rally in the Mazagon Dock share was fuelled after the company secured a deal worth Rs 1,990 crore from the Ministry of Defence. READ MORE

10:32 AM

Stock Market LIVE Updates: JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

Stock Market LIVE Updates: Fast moving consumer goods (FMCG) player Adani Wilmar’s stock faced a stormy end to 2024, tumbling 7.83 per cent during the final trading session to hit an intraday low of Rs 303.70 per share.

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320, which reflects a 3 per cent downside from its previous closing value of Rs 329.50 on December 30, 2024. READ MORE

10:21 AM

Stock Market LIVE Updates: KPI Green Energy units get CEIG's nod for 28.28 MW solar power project

Stock Market LIVE Updates: KPI Green Energy today informed that it has received approvals from the Chief Electrical Inspector for the 28.28 MW solar power projects executed by its subsidiaries under the CPP business segment.

The company, in an exchange filing, said, "We are pleased to announce that we have obtained approvals from the Chief Electrical Inspector (CEIG) for 28.28 MW of solar power projects under our CPP business segment. These projects were executed for our esteemed client of M/s KPI Green Energy Limited and M/s KPIG Energia Private Limited, wholly owned subsidiary of the Company. Furthermore, the approval from the Chief Electrical Inspector (CEIG) has been received in the name of the respective client."

10:12 AM

Stock Market LIVE Updates: RIL unit Reliance Digital Health buys 45% stake in Health Alliance Group for $10 mn

Stock Market LIVE Updates: Reliance Industries informed late on Monday, December 30, that its wholly-owned subsidiary Reliance Digital Health, has acquired a 45 per cent stake in Health Alliance Group for a total consideration of $10 million.

The company, in an exchange filing, said, "Reliance Digital Health Limited, a wholly owned subsidiary of the Company, has today acquired 45 per cent equity stake, on a fully diluted basis, in Health Alliance Group Inc. for an aggregate consideration of USD 10 million".

10:07 AM

Stock Market LIVE Updates: Unimech Aerospace shares make stellar debut, list at 90% premium on BSE

Stock Market LIVE Updates: Shares of Unimech Aerospace and Manufacturing made a stellar debut on bourses on Tuesday, December 31, 2024, listing at Rs 1,491 per share, reflecting a premium of Rs 706, or 89.9 per cent, against the issue price of Rs 785 on the BSE.

On the National Stock Exchange (NSE), Unimech Aerospace shares listed at Rs 1,460, commanding a premium of 85.99 per cent or Rs 675. Unimech Aerospace IPO listing was slightly above the market expectations. READ MORE

10:04 AM

Stock Market LIVE Updates: 10 AM market update - Sensex, Nifty extend opening losses

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and NSE Nifty50 were trading lower on Tuesday, amid weak global cues, as several international markets were closed on New Year's Eve, making for thin trading around the world

At 10 AM, the BSE Sensex was lower by 505.94 points, or 0.65 per cent, at 77,742, while the Nifty 50 was at 23,526.75, down 118.15 points, or 0.5 per cent.

9:57 AM

Stock Market LIVE Updates: Jubilant Ingrevia climbs 2.7% on board nod for unit's stake buy in Forum I Aviation

Stock Market LIVE Updates: The company's board approved its arm Jubilant Infrastructure to purchase a 6.67 per cent equity share in Forum I Aviation Private Limited (FAPL) from Hero Fincorp Limited and Mr. Sunil Kant Munjal.

9:53 AM

Stock Market LIVE Updates: RVNL clims 4.6% on emerging as L1 for work order from Central Railway

Stock Market LIVE Updates: Rail Vikas Nigam (RVNL) emerged as the lowest bidder (L1) for the design, supply, erection, testing, and 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.

9:48 AM

Stock Market LIVE Updates: SpiceJet gains as it starts talking with Boeing to begin aircraft deliveries

Stock Market LIVE Updates: The airline is set to initiate discussions with US-based aircraft manufacturer Boeing to resume deliveries of B737 Max planes from its 2017 order, the airline's chairman and managing director Ajay Singh said on Monday. In January 2017, SpiceJet signed a deal with Boeing to purchase 205 planes, including 100 B737 Max aircraft.

9:40 AM

Stock Market LIVE Updates: Adani Green Energy drags over 2% on top leadership rejig

Stock Market LIVE Updates: Adani Green Energy's Chief Executive Officer Amit Singh will step down from his position and take charge as CEO of the International Energy Business of the Adani Group from April 1, 2025. Ashish Khanna, who is the CEO of the international business, will take charge as Adani Green Energy CEO.

9:36 AM

Stock Market LIVE Updates: Lupin gains 1.3% as it acquires Huminsulin from Eli Lilly

Stock Market LIVE Updates: The pharmaceutical major has acquired Huminsulin in India from Eli Lilly and company, a move aimed at strengthening its diabetes portfolio.

9:33 AM

Stock Market LIVE Updates: Adani Ent drags 1.8% on plans to sell entire stake in Adani Wilmar for $2.2 billion

Stock Market LIVE Updates: The company has entered into an agreement to sell its entire stake of around 44 per cent in the FMCG joint venture Adani Wilmar (AWL). The stake sale, which will be executed in two tranches, is expected to generate approximately $2.2 billion, or Rs 18,817 crore, for the Adani group upon completion.

9:31 AM

Stock Market LIVE Updates: Ashoka Buildcon climbs nearly 2% on plans to sell various assets for Rs 2,324 crore

Stock Market LIVE Updates: Ashoka Buildcon today informed that the company, along with its subsidiary, Ashoka Concessions, have entered into securities purchase agreements and other transaction documents with EAAA India Alternatives (formerly known as Edelweiss Alternative Asset Advisors, for the sale of the entire share capital and management control of various SPVs held by it, for a total consideration of Rs 2,324 crore.

9:21 AM