Stock Market Rally: Bulls party on D-St; Sensex soars 1436 pts, Nifty nears 24,200; auto, IT shine

Markets Today Highlights: Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Sun Pharma and Britannia, ended in the green, with gains extending up to 8.55 per cent

12:32 PM

Stock Market LIVE Updates: Texmaco Rail & Engg gets ratings upgrades from CARE for existing bank facilities

Stock Market LIVE Updates: Texmaco Rail & Engineering Limited today announced that CARE Ratings has revised upwards the ratings for its short-term and long-term bank facilities.

The company, in an exchange filing, said that CARE has upgraded its existing ratings of CARE A- and CARE A2+ for its Long Term Bank Facilities and Short Term Bank Facilities, to CARE A and CARE A1, respectively.

 

12:24 PM

Stock Market LIVE Updates: Jai Corp tanks 19% on heavy volumes, nears 52-wk low; down 37% in 1 month

Stock Market LIVE Updates: Jai Corp shares tanked 19 per cent to Rs 252 on the BSE in Thursday’s intra-day trade amid heavy volumes after the company informed the stock exchange that Urban Infrastructure Holdings Pvt. Ltd. (UIHPL), a company in which it holds a 32 per cent stake, is convening an extraordinary general meeting of shareholders to approve capital reduction proposed by the company.

 

The proposed capital reduction is subject to approval by the shareholders of UIHPL, the National Company Law Tribunal (NCLT), apart from the other requisite regulatory approvals. Upon sanction of the capital reduction proposal, the company will receive approximately Rs 364 crore, the Anand Jain-promoted Jai Corp said in an exchange filing. READ MORE

 

12:11 PM

Stock Market LIVE Updates: Bajaj Finance shares rally 4% today, trade as top Sensex, Nifty gainer

Stock Market LIVE Updates: Bajaj Finance share: Bajaj Finance share price today gained 3.6 per cent in the BSE. The stock hit an intraday high of Rs 7,188 per share and was the top Sensex gainer at 10:05 AM.

By comparison, the Sensex today added 372 points, or 0.47 per cent, to trade at 78,880 level.

According to reports, global brokerage Citi has maintained a bullish view on Bajaj Finance shares and has opened a ’90-day catalyst watch’ window for the stock. READ MORE

 

 

12:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher on Thursday as most major global markets returned from the New Year's Day break.

At 12 PM, the BSE Sensex was higher by 723 points, or 0.92 per cent, at 79,231.30, while the Nifty50 was at 23,945.10, ahead by 202.20 points, or 0.85 per cent.

 

11:56 AM

Stock Market LIVE Updates: ITC Hotels' demerger to mirror Reliance Industries-Jio Financial playbook

Stock Market LIVE Updates: ITC's move to hive off its hotel business will have implications for passive funds and exchange traded funds (ETFs) similar to that seen during the Reliance Industries-Jio Financial demerger. As ITC is part of popular indices such as Nifty and Sensex, it is held by several index funds and ETFs.

Earlier, during a demerger exercise, a company used to be removed from the domestic indices. This created a lot of unnecessary churn for passive funds. In line with global practice, domestic index providers adopted a new formula under which the hived-off entity is retained in the index for three days after listing to enable selling by passive funds. READ MORE

 

11:48 AM

Stock Market LIVE Updates: DCX Systems rises 3% on securing Rs 19-cr order from Israel's Elta Systems

Stock Market LIVE Updates: DCX Systems shares rises 3.1 per cent in trade on BSE logging an intraday high at Rs 369.5 per share. The stock was in demand after the company received an order worth Rs 19.33 crore from Elta Systems Ltd, Israel. 

Around 10:20 AM, DCX share price was up 1.09 per cent at Rs 362.1 per share on BSE. In comparison, the BSE Sensex was up 0.50 per cent at 78,899.69. The market capitalisation of the company stood at Rs 4,030.52 crore. The 52-week high of the stock stood at Rs 451.9 per share and the 52-week low stood at Rs 235 per share. READ MORE

 

11:41 AM

Stock Market LIVE Updates: Eicher Motors sells 25% more motorcycles anually, at 79,466 units in Decemer 2024

Stock Market LIVE Updates: Royal Enfield motorcycle-maker Eicher Motors today informed that it sold 79,466 motorcycle units in December 2024, including exports, up 25 per cent year-on-year from 63,387 units sold in the year ago period.

According to the  company's exchange filing, it exported 11,575 motorcycles during the month, 90 per cent higher than the 6,096 it had sold during the same period last year.

The company added that its new assembly plant in Thailand, at Samut Prakan, Bangkok, has commenced operations. 

Apart from that, it has announced plans to expand its pre-owned motorcycle business, REOWN, now available in 236 cities across India. 

The company said REOWN now operates through 475 dealerships across 24 states, while adding that it has also launched a loyalty program with exchange benefits.

 

11:35 AM

Stock Market LIVE Updates: Hi-Tech Pipes posts record high sales volumes at 1,24,233 MT in Q3FY25, up 26% YoY

Stock Market LIVE Updates: Hi-Tech Pipes Limited today announce that it has achieved its ever highest sales volume of 1,24,233 MT for Q3 FY25, reflecting a growth of 26.10 per cent year-on-year (YoY). The company, in an exchage filing, said, for the nine months ended FY25, sales volumes surged to 3,69,415 MT, representing a YoY growth of 30.33 per cent.

The company added that a significant contributor to this growth was the company’s solar torque tubes that drove its sales volumes. These products are in demand due to the rapid expansion of the solar energy sector in India. 

 

11:23 AM

Stock Market LIVE Updates: This SME stock soars 35% in 2 days; zoomed 243% over issue price in 12 days

Stock Market LIVE Updates: Shares of Toss The Coin hit a new high of Rs 623.80, surging 15 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes, and extending their upward movement since listing on the bourses last month. In two days, the market price of the SME (Small and Medium Enterprises) company has rallied 35 per cent. 

 

The exchanges have revised the price band of the company from 5 per cent to 20 per cent with effect from Wednesday, January 1, 2025. Toss The Coin had made its market debut on December 17, 2024. READ MORE

 

11:11 AM

Stock Market LIVE Updates: Goa Carbon zooms 9% as its Bilaspur, Chhattisgarh unit resumes operations

Stock Market LIVE Updates: Goa Carbon shares zoomed 9.4 per cent in Thursday's trade on BSE logging an intraday high at Rs 762.5 per share. The buying in the stock came after the company informed its Bilaspur unit resumed normal operations. 

 

Around 10:05 AM, Goa Carbon share price on BSE was up 8.35 per cent at Rs 762.50 per share on BSE. In comparison, the BSE Sensex was up 0.40 per cent at 78,824.16. The market capitalisation of the company stood at Rs 690.9 crore. The 52-week high of the stock stood at Rs 1,009.45 per share and the 52-week low stood at Rs 564.10 per share. READ MORE

 

11:02 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher on Thursday as most major global markets returned from the New Year's Day break.

At 11 AM, the BSE Sensex was higher by 641 points, or 0.82 per cent, at 79,148.66, while the Nifty50 was at 23,936.15, ahead by 193.25 points, or 0.81 per cent.

11:00 AM

Stock Market LIVE Updates: Ashok Leyland's total vehicle sales increase 5% YoY to 16,957 in December

Stock Market LIVE Updates: Ashok Leyland today informed that total vehicle sales, including exports, increased by 5 per cent year-on-year to 16,957 units in in Decemeber 2024, from 16,154 units in the year-ago period.

 

10:55 AM

Stock Market LIVE Updates: Waaree Energies bags solar PV module supply order for 150 MWp RE project

Stock Market LIVE Updates: Waaree Energies today informed that it has received an order for the supply of solar PV modules for a 150 MWp, from a notable customer engaged in the business of owning, developing, and operating renewable power projects in India.

The company, in an exchange filing, said, "This is to inform you that the Company has today received an order for supply of solar modules for 150 MWp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India".

10:43 AM

Stock Market LIVE Updates: RailTel up 7% on bagging work order worth Rs 78 cr from Bharat Coking Coal

Stock Market LIVE Updates: RailTel Corporation shares jumped 7 per cent in Thursday's trade on BSE logging an intraday high at Rs 433.35 per share. The buying sparked after the company bagged a work order worth Rs 78.43 crore from Bharat Coking Coal.

 

Around 9:43 AM, Railtel share price was up 6.14 per cent at Rs 429.8 per share on BSE. In comparison, the BSE Sensex was up 0.37 per cent at 78,800.72. The market capitalisation of the company stood at Rs 13,819.61 crore. The 52-week high of the stock stood at Rs 618 per share and the 52-week low stood at Rs 301.35 per share. READ MORE

 

10:38 AM

Stock Market LIVE Updates: India Final Manufacturing PMI for Dec comes in at 56.4, down from 56.5 in Nov

Stock Market LIVE Updates: Final Manufacturing PMI in India for December decreased to 56.40 in December from 56.50 in November of 2024, meeting analysts' estimates.