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

8:29 AM

Stock Market LIVE Updates: Net GST collections in December grow by 3.3%, reaching Rs 1.54 trillion

Stock Market LIVE Updates: The net goods and services tax (GST) collection grew marginally by 3.3 per cent year-on-year (Y-o-Y) to Rs 1.54 trillion in December, amid an increase in refunds, according to provisional data released by the government on Tuesday. Sequentially, the mopup was lower than November’s level of Rs 1.63 trillion, which saw 11.1 per cent Y-o-Y growth.

 

The gross GST collection — the amount before adjusting for refunds — rose by 7.3 per cent in December to Rs 1.76 trillion. READ MORE

 

 

8:28 AM

Stock Market LIVE Updates: NSE enforces institutional mechanism for brokers to curb market abuse

Stock Market LIVE Updates: The National Stock Exchange (NSE) has issued a guidance note for stock brokers to ensure prevention and detection of fraud or market abuse. The guidelines follow Securities and Exchange Board of India’s (Sebi’s) directions to the exchange to enforce an institutional mechanism to curb market abuse.

The note, issued on Tuesday, details the mechanism to be followed by stock brokers for surveillance of client behaviour by analysing the pattern of trading, detection of any unusual activity being done by such clients, and reporting the same to stock exchanges and taking actions to prevent such fraudulent activities. READ MORE

 

 

8:27 AM

Stock Market LIVE Updates: Domestic PV wholesales increase by 11% in December to 320,000 units

Stock Market LIVE Updates: The domestic passenger vehicle (PV) wholesales in the Indian automobile industry rose by 11 per cent year-on-year (Y-o-Y) in December to 320,000 units, driven by strong demand for SUVs (sports utility vehicles), a robust recovery in the urban market, year-end discounts, and solid sales of CNG-powered cars.

 

In the calendar year 2024 (CY24), domestic PV wholesales of the industry stood at 4.3 million units, recording a Y-o-Y growth of about 4.7 per cent. "At the beginning of the year, SIAM (Society of Indian Automobile Manufacturers) had forecast that the PV volume growth in 2025 would be 4-5 per cent due to high base effect. The final numbers are in line with the forecast,” Partho Banerjee, senior executive officer, marketing & sales, Maruti Suzuki India Limited (MSIL), told Business Standard. READ MORE

 

8:26 AM

Stock Market LIVE Updates: New govt infrastructure projects down by over 20% in December quarter

Stock Market LIVE Updates: The private sector has pulled back on spending for new factories and other long-term assets, while government infrastructure projects, such as new roads, have also slowed.

 

The total value of new project announcements in the December 2024 quarter declined 22 per cent year-on-year to Rs 6 trillion, according to data from tracker Centre for Monitoring Indian Economy (CMIE). Meanwhile, the value of completed projects plummeted 52 per cent year-on-year to less than Rs 1 trillion.

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019. READ MORE

 

 

8:25 AM

Stock Market LIVE Updates: BS Poll - Rupee to stay under pressure, seen at 86 to dollar by March-end

Stock Market LIVE Updates: The rupee, which weakened almost 3 per cent last calendar year, is expected to stay under pressure, with a Business Standard poll of 10 respondents showing the median of the survey to be around 86 a dollar by the end of March.

A median is the central figure of a distribution.
 

The United States (US) Federal Reserve doing fewer rate cuts, something that can strengthen the dollar, is one of the key reasons cited for the rupee’s trajectory.

Some participants expect the local currency to trade at around 87 per dollar during the same period. READ MORE

 

 

8:24 AM

Stock Market LIVE Updates: Indices begin 2025 with gains, marking 7th consecutive first-session rise

Stock Market LIVE Updates: Indian equity benchmarks logged gains on the first trading day of 2025, marking the seventh consecutive first session of a calendar year when the indices ended in the green. The BSE Sensex rose by up to 617 points during the session but pared its gains to close at 78,507, an increase of 368 points, or 0.5 per cent. The National Stock Exchange Nifty, on the other hand, ended the session at 23,743, a rise of 98 points, or 0.4 per cent. The gains were broad-based, with the Nifty Midcap 100 advancing 0.4 per cent and the Nifty Smallcap gaining 1.02 per cent.

 

Most of the Sensex gains on Wednesday were contributed by HDFC Bank, which rose 0.6 per cent. Larsen & Toubro, up 1.6 per cent, and Mahindra & Mahindra, which gained 2.5 per cent, were the other major contributors to the Sensex’s performance. READ MORE

 

 

8:22 AM

Stock Market LIVE Updates: Stocks to Watch, Jan 2, 2025: Tata Motors, NMDC, South Indian Bank, RailTel

Stock Market LIVE Updates: Karur Vysya Bank's total business rose by 14.93 per cent to Rs 1.82 trillion as of December 31, 2024, as compared to Rs 1.58 trillion in the year-ago period. READ MORE

 

8:21 AM

Stock Market LIVE Updates: Ruchit Jain of Motilal Oswal recommends buying M&M, BEL stocks today

Stock Market LIVE Updates: Mahindra & Mahindra has shown a relative outperformance to other auto stocks in the recent past and is now on the verge of a breakout from the consolidation phase. The prices have formed a support base around its 100 DEMA and the RSI oscillator is hinting at a positive momentum. READ MORE

 

8:20 AM

Stock Market LIVE Updates: Religare Broking's Ajit Mishra says buy these pharma, QSR and auto stocks

Stock Market LIVE Updates: The markets began the calendar year on a positive note, gaining nearly half a percent. After an initial decline, buying interest in select heavyweight stocks across sectors quickly erased losses, gradually pushing the index higher. As a result, the Nifty reclaimed its long-term moving average, the 200 DEMA, and ended at 23,742.90. Most sectors contributed to this recovery, with auto and energy emerging as top performers. Similarly, the broader indices followed suit, recording gains ranging from 0.4 per cent to 1.05 per cent.

 

The index has now entered its second week of consolidation, and current indicators suggest that this trend is likely to persist. READ MORE

 

8:19 AM

Stock Market LIVE Updates: Market Today Manufacturing PMI, Nifty weekly F&O expiry, IndoFarm IPO ends

Stock Market LIVE Updates: Share markets today will track a host of economic data and global market mood to shape Thursday’s trading session. At 6:40 AM, GIFT Nifty futures were mildly lower at 23,885 level. READ MORE

 

 

8:16 AM

Stock Market LIVE Updates: Asian markets decline

Stock Market LIVE Updates: Markets in the Asia-Pacific region were lower on Thursday, after returning from the New Year's Day break.

South Korea’s Kospi was lower by 0.27 per cent, and the Kosdaq was higher by 0.78 per cent.

Mainland China’s CSI 300 was down 0.95 per cent, Hong Kong’s Hang Seng Index shed 2.11 per cent and the Shanghai Composite was lower by 0.93 per cent.

Australia’s S&P/ASX 200 climbed 0.37 per cent. Markets in Japan are closed on Thursday and Friday on account of Bank Holiday.

 

8:10 AM

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