Stock Market Closing Highlights: Sensex rings-in 2025 with 368 pts gain; Nifty ends atop 23,742

Markets Today Highlights:Broader markets also mirrored the benchmarks to settle higher, with Nifty Midcap100 and Nifty Smallcap100 ending with gains of 0.44 per cent and 1.02 per cent respectively

2:29 PM

Stock Market LIVE Updates: Endurance Technologies' President - Operations, Nilesh Phanse steps down

Stock Market LIVE Updates: Endurance Technologies today informed that Nilesh Phanse, President - Operations of the company, has been relieved from the services of the company, effective from the close of business hours on December 31, 2024.

The company, in an exchange filing, said, "This is to inform that Mr. Nilesh Phanse, President – Operations of the Company, had submitted his resignation vide letter dated 20th August, 2024. Mr. Phanse has been relieved from the services of the Company with effect from the close of business hours on 31st December, 2024". 

 

2:25 PM

Stock Market LIVE Updates: Trishakti Industries bags Rs 2.5 crore deal from L&T for its Kolkata Metro project

Stock Market LIVE Updates: Trishakti Industries today informed that it has secured a significant deal from Larsen & Toubro to deploy its machines to support L&T's Kolkata Metro project. The deal is worth Rs 2.5 crore.

The company, in an exchange filing, said, "We are pleased to inform you that Trishakti Industries Limited has secured a significant contract from Larsen & Toubro Limited (L&T). Under this contract, Trishakti Industries Limited will deploy machines worth INR 25 Million to support their Kolkata Metro Project.

This award is a testament to our commitment to providing high-capacity equipment for large-scale projects and further strengthens our position in the infrastructure sector. We anticipate that this contract will have a positive impact on the Company’s financial performance in the forthcoming quarters".

 

2:21 PM

Stock Market LIVE Updates: Centre to address high mining taxes in upcoming consultations with states

Stock Market LIVE Updates: The central government plans to hold consultations with state governments to address concerns about excessive taxation on mining operations, according to a report by The Economic Times.

This comes in response to a recent Supreme Court ruling that permits states to impose additional taxes on mining activities, a move that has raised apprehensions within the sector. READ MORE

 

 

2:17 PM

Stock Market LIVE Updates: Stalin govt scraps smart meter tender amid allegations of favour to Adani

Stock Market LIVE Updates: The DMK-led Tamil Nadu government has cancelled a global tender for the installation of smart metres, despite Adani Energy Solutions Ltd (AESL) emerging as the lowest bid for the project, according to a report by The Indian Express. 

The decision of scrapping the tender has been taken by the Tamil Nadu Generation and Distribution Corporation (Tangedco). The Tangedco cited the ‘high costs’ quoted by the Adani Energy Solutions Ltd – the lowest bidder for one of the four packages that covers four districts including Chennai, Kancheepuram and Chengalpattu. READ MORE

 

2:16 PM

Stock Market LIVE Updates: Bank loan growth slows for fifth month in Nov amid stricter lending rules

Stock Market LIVE Updates: Indian banks' loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India's crackdown on "exuberant" lending.

 

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023, excluding the impact of HDFC Bank's merger with its parent Housing Development Finance Corp, according to RBI data released late on Tuesday. READ MORE

 

 

2:15 PM

Stock Market LIVE Updates: State-run OMCs cut commercial LPG and ATF prices, effective January 1

Stock Market LIVE Updates: State-run oil marketing companies (OMCs) have announced a price reduction for 19-kg commercial liquefied petroleum gas (LPG) cylinders, effective January 1, 2025. The revised prices bring slight relief to commercial establishments. In Delhi, the price has dropped by Rs 14.50, making the new cost Rs 1,804 compared to Rs 1,818.50 in December 2024.

 

Similar reductions have been implemented across other major metros. In Kolkata, the price now stands at Rs 1,911, down by Rs 16 from Rs 1,927 last month. Mumbai recorded a reduction of Rs 15, bringing the price to Rs 1,756 from Rs 1,771. READ MORE

 

2:13 PM

Stock Market LIVE Updates: Sebi mandates compliance for listed entities with integrated filing

Stock Market LIVE Updates: Capital markets regulator Sebi has rolled out a new compliance framework for listed entities, introducing integrated filing for governance and financial disclosures, which will be applicable for filings to be done for the quarter ending December 31, 2024.

The latest move aims to reduce compliance burdens by unifying multiple periodic filing requirements into a single system.
 

"In order to facilitate ease of filing and compliance for listed entities, it has been decided to introduce Integrated Filing, in terms of...the LODR Regulations, for the following governance and financial related periodic filings required under the LODR, which shall be applicable for the filings to be done for the quarter ending December 31, 2024 and thereafter," the regulator said. READ MORE

 

 

2:10 PM

Stock Market LIVE Updates: Mining firm secures Rs 158 cr contract from Reliance Ind; shares jump 10%

Stock Market LIVE Updates: Shares of South West Pinnacle Exploration jumped 9.7 per cent at Rs 165.05 a piece on the BSE in Wednesday’s intraday trade. South West Pinnacle share price soared after the company bagged an order worth Rs 158 crore from Reliance Industries.

The drilling and exploration service provider was awarded an extension of contract for CBM production from Reliance Industries, for production hole drilling for Coal Bed Methane (CBM) in the State of Madhya Pradesh. In addition, the project has a provision to have three more extensions of six months each of the extended contract. READ MORE

 

 

1:56 PM

Stock Market LIVE Updates: Quadrant Future Tek IPO opens on Jan 7; key details for investors from RHP

Stock Market LIVE Updates: The initial public offering (IPO) of Quadrant Future Tek is set to open for public subscription on Tuesday, January 7, 2025. At the upper end, the company seeks to raise Rs 290 crore from the offering. The bidding for anchor investors is likely to take place on Monday, January 6, 2025. Here are the key details of the Quadrant Future Tek IPO, outlined by the company in its Red Herring Prospectus (RHP). READ MORE

1:44 PM

Stock Market LIVE Updates: Here's why this State-owned railway stock gained 3% in trade on January 1

Stock Market LIVE Updates:  Shares of State-owned railways company RITES rose up to 3.20 per cent to hit an intraday high of Rs 301.10 per share on Wednesday, January 1, 2025. The rise in RITES share price came after the company announced that it has secured an order worth $9.7 million from the Guyana government. READ MORE

1:36 PM

Stock Market LIVE Updates: Lupin, IREDA, AWL: These 4 buzzing stocks can rally up to 28%; hint charts

Stock Market LIVE Updates: Equity benchmark indices - the BSE Sensex and the Nifty 50 were seen swinging between zones on the first trading day of the New Year 2025. At 11.10 AM, the Sensex was up 0.5 per cent or 418 points at 78,550, while the Nifty quoted around 23,750 levels.

 

Among individual shares, stocks of Lupin, IREDA, SJVN and Adani Wilmar were seen buzzing in trade on the back of news flow at the respective counters. READ MORE

 

1:33 PM

Stock Market LIVE Updates: Punjab National Bank MD & CEO Atul Kumar Goel retires

Stock Market LIVE Updates: Punjab National Bank today informed that Atul Kumar Goel has ceased to be the managing director and chief executive officer of the bank, effective from January 1, 2025, due to his superannuation on December 31, 2024.

The bank, in an exchange filing, said, "The Exchange is hereby informed that in terms of Department of Financial Services, Ministry of Finance, Government of India Notification No eF. NoA/1 12021-BO.I dated 28th December, 2021, Shri Atul Kumar Goel has ceased to be the Managing Director & Chief Executive Officer of the Bank w.e.f. 01.01.2025 l1r2_on his superannuation on 31.12.2024". 

 

1:30 PM

Stock Market LIVE Updates: Siyaram Recycling bags Rs 10 crore Brass Billet supply order from Al Qaryan Int'l

Stock Market LIVE Updates: Siyaram Recycling Industries today informed that it has received a purchase order for Brass Billet, worth $1,160,000 (Rs 10 crore), from Al Qaryan International, Dubai.

The company, in an exchange filing, said, "We are pleased to inform you that the Company is in receipt of Purchase Order of Brass Billet from M/s Al Qaryan International, Dubai for an amounting to 11,60,000 USD (Approx. INR 10.00 Crore)". 

 

1:27 PM

Stock Market LIVE Updates: Emerald Finance finalises allotment of 1 million equity shares; raises Rs 10 crore

Stock Market LIVE Updates: Emerald Finance today informed that it has successfully completed the allotment of 10,00,000 equity shares at Rs 100 per share, including a premium of Rs 90 per share, as part of its preferential issue to raise Rs 10 crore. The company, in an exchange filing, said, it has allotted 5,00,000 shares to Minerva Ventures Fund, a Mauritius-based foreign portfolio investor, and allotted 30,000 shares to Rajesh Jain, one of the founding partners of KPMG in India.

 

1:23 PM

Stock Market LIVE Updates: Dynacons Systems & Solutions share price pops 5% on Rs 280 crore-deal win

Stock Market LIVE Updates: Dynacons Systems & Solutions shares rose as much as 5.43 per cent to hit an intraday high of Rs 1,449.10 per share on Wednesday, January 1, 2025.

 

The uptick in the Dynacons Systems & Solutions share came after the company announced that it has secured a Rs 280 crore project to upgrade the information technology (IT) data centre infrastructure of Canara Bank. READ MORE