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.

9:17 AM

Stock Market LIVE Updates: Index heatmap check

Stock Market LIVE Updates: TaMo, Tata Steel among top gainers on BSE.

9:16 AM

Stock Market LIVE Updates: Nifty opens at 23,560.60

Stock Market LIVE Updates: Nifty opens at 23,560.60

9:16 AM

Stock Market LIVE Updates: Sensex opens at 77,982.57

Stock Market LIVE Updates: Sensex opens at 77,982.57

9:08 AM

Stock Market LIVE Updates: Nifty slips 84 points in pre-open

Stock Market LIVE Updates: Nifty slips 84 points in pre-open

9:07 AM

Stock Market LIVE Updates: Sensex falls over 265 pts in pre-open

Stock Market LIVE Updates: Sensex falls over 265 pts in pre-open

8:58 AM

Stock Market LIVE Updates: Ashoka Buildcon to sell various SPVs to EAAA India Alternatives 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.

The company, in an exchange filing, said, "This is to inform you that the Ashoka Buildcon Limited and its material subsidiary viz. Ashoka Concessions Limited, have entered into securities purchase agreements and other transaction documents with Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II and Infrastructure Yield Plus IIA (both schemes of Infrastructure Yield Trust and managed by their respective investment manager, EAAA India Alternatives Limited (formerly known as Edelweiss Alternative Asset Advisors Limited)) for, inter alia, sale of the entire share capital (including repayment/transfer of all shareholder loans) and management control of the SPVs held by the Company and/or ACL in their following subsidiaries:

1) Ashoka Kharar Ludhiana Road Limited;

2) Ashoka Khairatunda Barwa Adda Road Limited;

3) Ashoka Ranastalam Anandapuram Road Limited;

4) Ashoka Ankleshwar Manubar Expressway Private Limited;

5) Ashoka Mallasandra Karadi Road Private Limited;

6) Ashoka Bettadahalli Shivamogga Road Private Limited;

7) Ashoka Karadi Banwara Road Private Limited;

8) Ashoka Belgaum Khanapur Road Private Limited;

9) Ashoka Banwara Bettadahalli Road Private Limited;

10) Ashoka Kandi Ramsanpalle Road Private Limited; and

11) Ashoka Baswantpur Singnodi Road Private Limited

collectively, the “SPVs”,

for an aggregate consideration of Rs.2,324 Crore, subject to adjustments for cash and debt like items and other adjustments as agreed under the respective Transaction Documents". 

8:50 AM

Stock Market LIVE Updates: RBI flags risk to secured loans from slippages in smaller personal loans

Stock Market LIVE Updates: The Reserve Bank of India (RBI) cautioned in its bi-annual Financial Stability Report (FSR) that borrowers with unsecured loans, such as credit cards and personal loans, who also have larger secured loans, risk triggering delinquencies in the secured loans if they default on the smaller ones. Default in any loan category results in other loans of the same borrower being treated as non-performing by the lending financial institution.

 

In addition, the RBI highlighted that the first default is mostly observed in unsecured advances. Among borrowers at risk of default, the risk of delinquency is trending high among those who, in addition to a personal loan or credit card outstanding, have availed of other retail loans. READ MORE

 

 

8:44 AM

Stock Market LIVE Updates: Budget wishlist: Mutual fund industry seeks tax relief on debt schemes

Stock Market LIVE Updates: The mutual fund (MF) industry has reiterated its demands of tax relief for debt schemes and roll-back of hike in equity taxation in its proposals for the Budget 2025.

 

In April 2023, the government removed the indexation benefit for debt MF schemes. The gains are now taxed at the investor's slab rate irrespective of the holding period. Changes in Budget 2024 added to the taxation challenge for debt MF investors as investments that were made before April 2023 also lost the indexation advantage. READ MORE

 

8:39 AM

Stock Market LIVE Updates: 'Conviction to accumulate stocks will emerge only when macro indicators strengthen'

Stock Market LIVE Updates: "December has been weak for equity markets globally. S&P 500 is down by 2.34 per cent and Nifty is down by 2.6 per cent. Markets are preparing to move into the New Year with caution since uncertainty is high and valuations are stretched.

The high US bond yield and strong dollar will ensure that FIIs will continue to sell on every rise. DII buying will not be strong enough to take the market much higher. The fact is that even the DIIs and HNIs don’t have the conviction to accumulate stocks, except in certain pockets of fair value. 

Conviction to accumulate stocks will emerge only when macro indicators suggest recovery in growth and earnings. Watch out for the Q3 results starting from January 10th to identify companies reporting good numbers despite the growth slowdown."

Views By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

 

8:37 AM

Stock Market LIVE Updates: Industry seeks tax relief, capex boost, reforms at FinMin's pre-budget meet

Stock Market LIVE Updates: Tax exemption for the middle class, reduction in excise duty on fuel, and continued push towards public capex were some of the key suggestions made to the finance ministry during pre-Budget discussions with industry representatives on Monday.

The fifth round of consultations on the upcoming Budget with Finance Minister Nirmala Sitharaman and top government officials focused on employment generation. It also talked of steps to spur consumption in the economy besides a push for factor market reforms to boost growth.
 

Prominent industry associations such as the Confederation of Indian Industry (CII) and the Associated Chambers of Commerce and Industry of India (Assocham) have called for granting infrastructure status to the hotel and tourism sector. READ MORE

 

 

8:35 AM

Stock Market LIVE Updates: Jubilant FoodWorks' healthy growth offset by margin, valuation concerns

Stock Market LIVE Updates: The stock of the country’s largest quick service restaurant (QSR) player Jubilant FoodWorks has been hitting its 52-week highs recently.

 

Since the start of November, the stock has gained 25 per cent while the Sensex was down about 1 per cent over the same period. 

The company continues to outperform its peers even in a soft demand environment and analysts believe it will maintain its sales momentum even in the second half of FY25. READ MORE

 

 

8:34 AM

Stock Market LIVE Updates: Ravi Nathani recommends buy on dips strategy for Nifty, Nifty Bank indices

Stock Market LIVE Updates: The Nifty Index is currently positioned at a critical juncture, with this week’s key range being 23,600–23,525. A close below this range could lead to further downside, with immediate support at 23,450, followed by the next support at 23,280. However, the index has been trading in the oversold zone as indicated by technical indicators like RSI, MACD, and Stochastic since last week, suggesting potential for a rebound in the near term.

 

The best trading strategy under current market conditions is to adopt a buy-on-dips approach. READ MORE

 

8:33 AM

Stock Market LIVE Updates: India's consumption conundrum: How not to talk about it in the year 2025

Stock Market LIVE Updates: This year has seen frenzied and obsessive discussions on the state of the health of Indian household consumption, with economists, stock market analysts, the media, and marketers all discussing it from their particular vantage points. Adding to the confusion, the available data sent conflicting

signals.

While answers to most questions about India are found by aggregating ground-up from fragmented details, the consumption discourse showed little patience for this.  Nor has there been an honest examination of the elephants in the room, like, for example, whether private sector investment is truly slow on account of poor demand. 
 

Since it appears that we will need to continue discussing “what ails consumption” in 2025, here’s a suggested list, in the spirit of New Year resolutions, of how to make it more meaningful. READ MORE

 

 

8:29 AM

Stock Market LIVE Updates: Sebi's 2024 review - Push for reforms continued despite controversies

Stock Market LIVE Updates: In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsized enterprise (SME) listings, and deepening the fund management ecosystem. Sebi also introduced the ambitious same-day settlement cycle, a first in global markets. 

 

However, the year was marred by controversy surrounding Chairperson Madhabi Puri Buch, who faced allegations of conflict of interest. These allegations overshadowed some of Sebi’s key reform initiatives and somewhat slowed the reform process, experts feel. READ MORE

 

8:27 AM

Stock Market LIVE Updates: Ahead of IPO, Indo Farm Equipment collects Rs 78 cr from anchor investors

Stock Market LIVE Updates: Indo Farm Equipment on Monday said it has mobilised a little over Rs 78 crore from anchor investors, a day before its initial share sale opening for public subscription.

 

Negen Undiscovered Value Fund, Niveshaay Hedgehogs, Rajasthan Global Securities, Subham Capital, India Equity Fund I, Saint Capital Fund and Vikasa India EIF I Fund - Share Class P, among others, were anchor investors, according to a circular uploaded on BSE's website. READ MORE