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.

8:26 AM

Stock Market LIVE Updates: M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Stock Market LIVE Updates: With 2024 nearing its end, domestic brokerage firm Nuvama Institutional Equities (Nuvama) has revealed its top picks in the auto sector ahead of forthcoming auto sales December 2024 figures. The auto sales data will be announced on January 1, 2025. 

 

Among the companies garnering attention are Mahindra & Mahindra (M&M), TVS Motor, Eicher Motors-Royal Enfield, SAMIL, and Uno Minda. READ MORE

 

 

8:16 AM

Stock Market LIVE Updates: Schloss Bangalore, Ather Energy, 4 others get Sebi's nod to float IPO

Stock Market LIVE Updates: Sebi has cleared proposals of six companies, including Leela Palace parent firm Schloss Bangalore, EV player Ather Energy and Oswal Pumps, to launch their initial public offerings.

 

The six companies filed their draft IPO papers with Sebi from September 10 to 23 and obtained the regulator's observations on December 23-27, an update with the markets regulator showed on Monday. The companies are Ivalue Infosolutions Ltd, Ather Energy, Oswal Pumps, Quality Power Electrical Equipments, Fabtech Technologies and Schloss Bangalore Ltd. READ MORE

 

8:11 AM

Stock Market LIVE Updates: Gold vs equity vs debt: Where to invest in 2025? Check investment strategy

Stock Market LIVE Updates: Wars between Ukraine-Russia and Iran-Israel, coupled with weak corporate earnings and sticky inflation, made 2024 a year of risk aversion.

 

Safe haven bets like Gold and Silver outperformed riskier investment bets with a surge of 25.25 per cent and 23.11 per cent, respectively, thus far in calendar year 2024 (till December 25). By comparison, equity benchmarks BSE Sensex and NSE Nifty50 have risen around 9 per cent each during this period.

Moving into 2025, analysts suggest investors should allocate a higher portion of one’s corpus towards Gold and Silver during the year, than he/she did last year, to generate better returns. READ MORE

 

8:10 AM

Stock Market LIVE Updates: Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say

Stock Market LIVE Updates: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) benchmark equity indices - the BSE Sensex 30 and the NSE Nifty 50 are all set to the end the calendar year 2024 with notable gains of around 9 per cent each. In the process, the Sensex and the Nifty will be settling with gains for the ninth straight calendar year.

 

Historic data shows that the Sensex and the Nifty have been on a winning run since the calendar year 2016. The benchmark indices have trebled during this 9-year period. Way back at the end of the year 2015, the Sensex quoted around 26,000 levels and the Nifty around 7,950 levels. READ MORE

 

8:09 AM

Stock Market LIVE Updates: Indian stock market set for record yearly flows from retail investors

Stock Market LIVE Updates: India’s stock market is on pace to receive the biggest annual inflow ever from small investors, underscoring their continuing love affair with equities.

 

Mom-and-pop investors poured a net Rs 1.54 trillion ($18 billion) into stocks on the National Stock Exchange of India Ltd. this year through Nov. 30, according to data from the nation’s largest bourse. This figure already tops the Rs 1.42 trillion invested by the cohort in 2021. READ MORE

 

8:07 AM

Stock Market LIVE Updates: Sensex, Nifty fall over 0.5% as rising US bond yields hit market sentiment

Stock Market LIVE Updates: Benchmark indices fell on the penultimate trading day of 2024, dragged by losses in banking stocks amid weak global cues. After two straight days of gains, the Nifty 50 index fell 169 points (0.7 per cent), to end at 23,645, while the Sensex dropped 451 points (0.6 per cent), to close at 78,248. From the day’s high, Sensex fell 845 points (1.1 per cent).

 

Most global markets traded weak as elevated US Treasury yields and the prospect of fewer US rate cuts than earlier anticipated weighed on sentiment. READ MORE

 

8:05 AM

Stock Market LIVE Updates: Stocks to Watch, Dec 31, 2024: RIL, Lupin, ITC, Adani Enterprises, SpiceJet

Stock Market LIVE Updates: Adani Enterprises: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. READ MORE

 

 

8:04 AM

Stock Market LIVE Updates: Market Today, Dec 31: Nifty gap-down; Indo Farm IPO opens, Unimech listing

Stock Market LIVE Updates: Stock-specific action, trends in the institutional activity, especially by foreign investors, along with primary market activity will sway the market mood.

 

Among macro data, India’s infrastructure output data for the month of November, and the US’ House Price Index data for the month of October will be released today. READ MORE

 

7:53 AM

Stock Market LIVE Updates: Asia markets lower on as most markets close for New Year celebrations

Stock Market LIVE Updates: Markets in the Asia-Pacific region, where exchanges are shut in Japan and South Korea, on New Year's Eve, were mostly lower as investors here assessed lower-than-expected manufacturing data out of China.

China’s purchasing managers’ index for December came in at 50.1, missing expectations, and signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy.

Analysts polled by Reuters had forecast a reading of 50.3, the same as November PMI. 

Hong Kong’s Hang Seng Index, which will also have a shortened trading day, was ahead by 0.34 per cent. Mainland China’s CSI 300 slipped 0.8 per cent, and the Shanghai Composite was lower by 0.2 per cent.

Australia’s S&P/ASX 200 was trading 0.58 per cent lower on a shortened trading day.

 

7:44 AM

Stock Market LIVE Updates: US markets close lower on New Year's Eve

Stock Market LIVE Updates: On Wall Street, all the three major US indices closed with sharp losses in a broad selloff, after the benchmark 10-year US Treasury yield's recent push above the 4.5 per cent mark after the Federal Reserve on Dec. 18 signaled it would take a slower interest rate cut path fuelled concerns about elevated stock market valuations.

The Dow Jones Industrial Average fell 418.48 points, or 0.97 per cent, to 42,573.73, the S&P 500 fell 63.90 points, or 1.07 per cent, to 5,906.94 and the Nasdaq Composite fell 235.25 points, or 1.19 per cent, to 19,486.79.

 

7:38 AM

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