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

1:10 PM

Stock Market LIVE Updates: Why are Paytm shares down 4% on NSE today? Check reason here

Stock Market LIVE Updates: Paytm share price today declined 4 per cent to Rs 967.3 per share on the National Stock Exchange (NSE) on Wednesday, January 1, 2025. By comparison, the Nifty50 today was trading 0.4 per cent higher at 23,742 level at 11:35 AM.

Paytm is owned by One97 Communications Ltd.
 

The fall in Paytm share came after the National Payments Corporation of India (NPCI) extended the deadline to implement transaction volume cap on Unified Payments Interface (UPI) apps by two years till December 31, 2026. READ MORE

 

1:01 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and NSE Nifty50, having pared their opening losses, were trading higher on Wednesday, amid muted global cues.

At 1 PM, the BSE Sensex was higher by 340.78 points, or 0.44 per cent, at 78,479.79, while the Nifty50 was at 23,735.65, ahead by 90.85 points, or 0.38 per cent.

 

12:54 PM

Stock Market LIVE Updates: Praj gains 6%, hits new high on healthy outlook; zooms 95% from 52-week low

Stock Market LIVE Updates: Shares of Praj Industries hit a new high of Rs 874.3, as they rallied 6 per cent on the BSE in Wednesday’s intra-day trade on a healthy business outlook. The stock price of the industrial biotech company has surpassed its previous high of Rs 853.30 that it touched on December 2, 2024. It has zoomed 95 per cent from its 52-week low of Rs 448 hit on March 15.

 

The company expects growth momentum to resume from H2 (largely led by starchy feedstock), as 3.5 billion litres incremental ethanol demand is expected to achieve the government’s 25 per cent blending target. Moreover, commissioning of the new GenX facility in Mangalore is ramping up gradually, and the company expects a ramp-up in inflows from H2. READ MORE

 

12:43 PM

Stock Market LIVE Updates: Steel Strips Wheels records sales growth of 10% in value terms in December 2024

Stock Market LIVE Updates: Steel Strips Wheels Limited today informed that it has achieved net turnover of Rs 364.74 crore in December 2024, up 9.81 per cent year-on-year from Rs 332.15 crore in the year-ago period. The company said it achieved gross turnover of Rs 444.81 crore in Decemer 2024, up 10.19 per cent YoY from Rs 403.69 crore in the year-ago period.

Steel Strips, in an exchange filing, said that it has achieved overall sales growth (in value terms) of 10 per cent YoY, and 7 per cent (in volume terms), in December 2024.

The company further disclosed that it has achieved sales growth (in value terms) of 61 per cent, 29 per cent and 2 per cent, in the Tractor; Passenger Car - Alloy and Passenger Car - Steel, segments.

On the flip side, Truck segment sales (in value terms) has declined 3 per cent YoY, while overall exports have increased 3 per cent YoY. 

In volume terms, the Truck, 2 and 3 wheeler, and overall exports segments saw declines of 3 per cent, 17 per cent and 1 per cent, respectively.

 

12:34 PM

Stock Market LIVE Updates: Indo Tech Transformers locked in 5% upper circuit on Rs 117 cr order win

Stock Market LIVE Updates: Shares of Indo Tech Transformers were locked in a 5 per cent upper circuit at Rs 3,047.35 a piece on the BSE in Wednesday’s intraday trade. Indo Tech Transformers share price jumped after the company bagged a purchase order worth Rs 117 crore.

“Indo-Tech Transformers has received Letter of Intent (LOI)/ Purchase Order (PO) dated 31.12.2024 for supply of 13 Nos of 150 MVA transformers. The aggregate value of the order under the said LOI/ PO is Rs 117.17 crore plus applicable taxes,” the company said in an exchange filing post market hours on Tuesday.
 

Earlier in the day on Tuesday, the company had received a letter of award (LOA) worth Rs 32.32 crore for supply of 3 Nos of 192 MVA transformers. READ MORE

 

12:25 PM

Stock Market LIVE Updates: NCC secures order worth approximately Rs 350 crore, share price up 2%

Stock Market LIVE Updates: Construction company NCC shares rose up to 2.43 per cent to hit an intraday high of Rs 280.60 per share. 

However, at 10:40 AM, NCC share was off day’s high and was trading 1.93 per cent higher at Rs 279.25 per share. In comparison, BSE Sensex was trading 0.06 per cent higher at 78,186.23 levels.
 

The uptick in NCC share price came after the company announced that received an order worth Rs 349.70 crore (excluding GST) in December 2024. The order is related to the Building Division and is received from a Private Company, NCC said. READ MORE

 

12:16 PM

Stock Market LIVE Updates: This Mukul Agrawal portfolio pharma stock surged 12% in subdued market

Stock Market LIVE Updates: Shares of Strides Pharma Science surged 12 per cent to Rs 736.05 on the BSE in Wednesday’s intra-day trade in an otherwise subdued market. In comparison, the BSE Sensex was down 0.2 per cent at 77,985 at 09:56 AM. The stock had turned ex-spin off on December 6, 2024. 

Investor Mukul Mahavir Agrawal helds 1.4 million shares in Strides, representing a 1.52 per cent stake in the company, at the end of the September quarter, shareholding pattern data on the BSE showed. READ MORE

 

12:07 PM

Stock Market LIVE Updates: 2025 investment: Bet on realty, pharma, banks and large-caps over mid-caps

Stock Market LIVE Updates: The Indian primary market saw a 2.6-fold increase in equity issuances in 2024, with over 317 initial public offers (IPOs) raising an unprecedented Rs 1.8 trillion, surpassing the previous record of Rs 1.3 trillion in 2021 and outpacing Rs 576 billion raised in 2023, said Canara Robeco Mutual Fund in its annual outlook report. 

 

Sectoral mutual funds increased assets under management by 79% in 2024. Small-cap funds grew to Rs 3. 26 lakh crore. Mid-cap funds surged to ₹3. 89 lakh crore. Large-cap AUM reached Rs 3. 62 lakh crore. Index funds and ETFs saw a 28% increase. SIP accounts hit 10 crore in November 2024. READ MORE

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and NSE Nifty50, having pared their opening losses, were trading higher on Wednesday, amid muted global cues.

At 12 PM, the BSE Sensex was higher by 201.90 points, or 0.26 per cent, at 78,340.91, while the Nifty50 was at 23,693.55, ahead by 4.75 points, or 0.21 per cent.

 

11:53 AM

Stock Market LIVE Updates: Power Mech Projects climbs over 5% on Rs 294-cr deal from Adani Power

Stock Market LIVE Updates: Power Mech Projects today informed that it has bagged an order worth Rs 294 crore (excluding GST and an incentive amount of Rs 1.25 crore), from Adani Power, related to the Unit 3 and 4 of its 2x660 MW Korba Phase-II Thermal Power Project.

The company, in an exchange filing, said, "We are delighted to announce that our Company has secured a ₹294 Crore (excluding GST and an incentive amount of ₹ 1.25 crore per unit after achieving the Synchronization within stipulated time) order from Adani Power Limited (APL) for Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) and its Auxiliaries for Unit 3 and 4 of 2x660 MW Korba Phase-II Thermal Power Project". 

 

11:48 AM

Stock Market LIVE Updates: Ircon International appoints Alin Roy Choudhury as Chief Financial Officer

Stock Market LIVE Updates: Ircon International today informed that Alin Roy Choudhury, currently serving as Chief General Manager (Finance), has been appointed as the Chief Financial Officer, Key Mangerial Personnel and Chief Investor Relation Officer of the company, effective from January 1, 2025.

The company, in an exchange filing, said, "It is to inform that Shri Alin Roy Choudhury, Chief General Manager (Finance) has been appointed as Chief Financial Officer and Key Managerial Personnel and Chief Investor Relation Officer of IRCON with effect from 1st January 2025". 

 

11:42 AM

Stock Market LIVE Updates: Rikant Pittie to take over reins of EaseMyTrip as Nishant Pittie quits as CEO

Stock Market LIVE Updates: Online travel platform EaseMyTrip's operator Easy Trip Planners today informed that its Chief Executive Officer, Nishant Pitti has resigned from his position, citing personal reasons, while his brother and co-founder Rikant Pittie, has been appointed the CEO of the company, effective from January 1.

The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company at their meeting held today i.e. January 01, 2025, has inter-alia, considered, approved and taken on record the following matters: Appointment of Mr. Rikant Pittie as Chief Executive Officer (CEO) of the Company w.e.f. January 01, 2025 who shall be the Key Managerial Personnel as per the provisions of the Companies Act, 2013 and Listing Regulations; ...

Resignation of Mr. Nishant Pitti, Chief Executive Officer of the Company vide his letter dated December 31, 2024, with effect from January 01, 2025, due to his personal reasons".

 

11:32 AM

Stock Market LIVE Updates: Escorts Kubota shares slip 3% on weak domestic auto sales in December 2024

Stock Market LIVE Updates:  Escorts Kubota share price today declined over 3 per cent on the National Stock Exchange (NSE) amid weak December sales.

Escorts Kubota shares fell 3.2 per cent intraday on the NSE to hit a low of Rs 3,222.6 per share as against a 0.08 per cent dip in the benchmark Nifty50 index at 10:15 AM.
 

In a stock exchange filing, Escorts Kubota said its December 2024 sales fell 10.8 per cent year-on-year (Y-o-Y) to 5,472 units compared with 6,136 units sold in December 2023. READ MORE

 

11:23 AM

Stock Market LIVE Updates: Indo Farm Equipment IPO Day 2: Subscription rises 17x, GMP zooms 44%

Stock Market LIVE Updates: The initial public offering (IPO) of Indo Farm Equipment, which opened for subscription yesterday, December 31, 2024, has received an enthusiastic response from investors, getting oversubscribed by 17.70 times on the first day of subscription.

 

Indo Farm Equipment IPOis a book-built issue of Rs 260.15 crore. The National Stock Exchange data showed that the public offering received bids for 14,99,60,184 shares against 84,70,000 on offer. Non-Institutional Investors (NIIs) placed the highest bids for the public offering, oversubscribing the category reserved for them by 28.56 times. This was followed by Retail Individual Investors (RIIs), who oversubscribed their category by 18.54 times. The quota reserved for the Qualified Institutional Buyers (QIBs) also got oversubscribed by 8.10 times. READ MORE

 

 

11:12 AM

Stock Market LIVE Updates: Mahindra & Mahindra sells 18% more SUVs in December at 41,424 units

Stock Market LIVE Updates: Mahindra & Mahindra today informed that it has sold 41,424 SUVs in December 2024, a growth of 18 per cent year-on-year from 35,171 units sold in the same period last year.

In the commercial vehicles segment, sales of less than 2 tonne LCVs declined 15 per cent YoY to 2409 units in December 2024, from 2849 units in the previous year period, while sales of more than 2-tonne to 3.5 tonne LCVs increased 16 per cent YoY to 16,139 units, from 13,958 units earlier.

Sales of LCVs with more than 3.5 tonne capacity declined 12 per cent YoY to 954 units from 1,081 units in the year-ago period, while sales of three-wheelers increased 8 per cent YoY to 5,750 units, from 5,307 units earlier.