Stock Market Close Highlights: Sensex sheds 721pts, Nifty holds 24,000; HDFC, ICICI Bank weigh

Markets Today Highlights:32 out of 50 constituent stocks of Nifty50 ended in the red, dragged by Wipro, HDFC Bank, Tech Mahindra, Adani Ports, and Cipla, with losses extending up to 2.83 per cent

12:25 PM

Stock Market LIVE Updates: Shiva Texyarn bags Rs 36.19-cr worth supply order from Indian Airforce

Stock Market LIVE Updates: Shiva Texyarn today informed that it has received a order worth Rs 36.19 crore from the Indian Airforce, for the supply of 16,000 pairs of NBC Suit Permeable MK V.

The company, in an exchange filing, said, "We wish to inform that the Company has received an order from Government of India, Ministry of Defence, Department of Military Affairs, Indian Airforce for supply of the following item".
 

The company added that the order will be fulfilled between January 3, 2025 and August 31, 2025.

12:11 PM

Stock Market LIVE Updates: Afcons Infra bags Rs 1,084-cr order from DRDO for ship-lift work at Visakhapatnam

Stock Market LIVE Updates: Afcons Infrastructure today informed that it has received a letter of intent from the Defence Research and Development Organisation (DRDO), for the execution of work related to the augumentation of MTC, creation of SAF, and workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam, worth Rs 1,084.54 crore.

The company, in an exchange filing, said, "We are pleased to inform you that Afcons Infrastructure Limited has received a Letter of Intent from the Govt of India, Ministry of Defence, Defence Research and Development Organisation (DRDO) for the execution of work related to the augmentation of MTC, creation of SAF, and workshop equipment for the ship lift facility (AMCSWF) at Visakhapatnam".

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade lower with smaller cuts

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid weak global cues.

At 12 PM, the BSE Sensex was lower by 197.29 points, or 0.25 per cent, at 79,746.42, while the Nifty50 was at 24,135.55, down 53.10 points, or 0.22 per cent.

 

11:52 AM

Stock Market LIVE Updates: TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

Stock Market LIVE Updates: In less than a week from now, IT major - Tata Consultancy Services (TCS) will kick-off the Q3 earnings season on Thursday January 9, 2025. IT as a sector has outperformed the benchmark and the broader market in the second-half of the calendar year 2024.

 

The Nifty IT index rallied almost 20 per cent in the last six months, and quotes within striking distance (less than 3.5 per cent shy) of its all-time high of 46,088. In comparison, the NSE Nifty 50 index had declined 1.5 per cent in the July - December period; while the broader Nifty 500 index dipped 0.8 per cent. READ MORE

 

11:42 AM

Stock Market LIVE Updates: ZEE share price zooms 7% today; what's behind the rally in weak market?

Stock Market LIVE Updates: Zee Entertainment Enterprises (ZEE) share price today surged as much as 7.1 per cent on the BSE in Friday’s intraday trade.

ZEE share price hit a high of Rs 132.8 per share in an otherwise weak market. The BSE Sensex today, for instance, is down nearly 650 points at 79,296.5 level at 11:00 AM. READ MORE

 

11:34 AM

Stock Market LIVE Updates: Abbott India Commercial Director for int'l biz, Murari Ranganathan resigns

Stock Market LIVE Updates: Abbott India today informed that the Commercial Director - Women's Health, Metabolics and International Business, Murari Ranganathan has resigned from his role to pursue other opportunities outside the company.

The company, in an exchange filing, said, "Murari Ranganathan, Commercial Director - Women’s Health, Metabolics and International Business, has tendered his resignation from employment of the Company with effect from close of business hours of February 25, 2025, to pursue opportunities outside the Company".

 

11:23 AM

Stock Market LIVE Updates: ONGC, Oil India shares surge 4% as crude oil prices hits over 2-month high

Stock Market LIVE Updates: Shares of Oil and Natural Gas Corporation (ONGC) (Rs 255.20) and Oil India (Rs 483.90) gained 4 per cent on the BSE in Friday's intraday trade, amid heavy volumes, in an otherwise weak market after Brent crude oil price hit an over two-month high.

 

The rise in oil price came amid hopes of improvement in China's economic growth prospects. Xi's New Year address on Tuesday said that China would implement more proactive policies to promote growth in 2025. READ MORE

 

 

11:11 AM

Stock Market LIVE Updates: Bank of Maharashtra shares up 6% post Q3 update; gross advances rise 21%

Stock Market LIVE Updates: Bank of Maharashtra shares advanced 6.2 per cent in Friday's trade on BSE logging an intraday high at Rs 56.09 per share. The stock was in demand after the company released its Q3 business update.

 

Around 9:44 AM, Bank of Maharashtra share price was up 5.46 per cent at Rs 56.09 per share on BSE. In comparison, the BSE Sensex was down 0.42 per cent at 79,606.41. The market capitalisation of the company stood at Rs 42,803.5 crore. The 52-week high of the stock stood at Rs 73.5 per share and the 52-week low stood at Rs 45.2 per share. READ MORE

 

 

11:01 AM

Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid mixed global cues and a lower close on Wall Street overnight.

At 11 AM, the BSE Sensex was lower by 634.51 points, or 0.79 per cent, at 79,309, while the Nifty50 was at 24,011.20, down 177.45 points, or 0.73 per cent.

 

10:58 AM

Stock Market LIVE Updates: Western Carriers (India) bags Rs 139 crore order from Vedanta for Jharsuguda plant

Stock Market LIVE Updates: Western Carriers India today informed that it has received a material handling order worth Rs 139 crores from Vedanta 

The company, in an exchange filing, said, "This order entails the Import, Finished Goods Domestic and Export Material Handling Contract at Jharsuguda Plant. The total value of the order is approximately Rs. 139 crore for a duration of four years". 

 

10:55 AM

Stock Market LIVE Updates: KPI Green Energy bags LoAs to develop 32.15 MW-capacity solar power projects

Stock Market LIVE Updates: KPI Green Energy today informed that its subsidiary, Sun Drops Energia has received Letters of Award for the development of solar power projects with a cumulative capacity of 32.15 MW under the 'Captive Power Producer (CPP)' business segment of the company.

The company, in an exchange filing, said, "We are pleased to announce that M/s. Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received Letters of Award/Intent for development of solar power projects with a cumulative capacity of 32.15 MW under the ‘Captive Power Producer (CPP)’ business segment of the Company".

 

10:47 AM

Stock Market LIVE Updates: IRFC shares rise 3% after inking MoU for renewable energy projects

Stock Market LIVE Updates: Shares of Indian Railway Finance Corporation (IRFC) gained 3.1 per cent at Rs 156.80 a piece on the BSE in Friday’s intraday trade. IRFC share price surged after the company inked a Memorandum of Understanding (MOU) with REMC to collaborate on financing renewable energy projects awarded by REMCL for supply to Indian Railways. 

 

The partnership will also explore financing options for thermal, nuclear, and renewable power projects established under a captive model through joint ventures involving Indian Railways and other entities. REMC is a joint venture of the Ministry of Railways, the company said in a statement on Thursday. READ MORE

 

10:35 AM

Stock Market LIVE Updates: MOIL up 6% on posting biz update; expects to surpass best ever Q3 revenue

Stock Market LIVE Updates: MOIL shares jumped 6.2 per cent in Friday's trade on BSE logging an intraday high at Rs 359.35 per share. The upmove in the stock came after the company said it achieved best ever Q3 performance in October-December, 2024.

 

Around 10:13 AM, MOIL share price was up 3.45 per cent at Rs 359.35 per share on BSE. In comparison, the BSE Sensex was down 0.63 per cent at 79,439.78. The market capitalisation of the company stood at Rs 7,116.90 crore. The 52-week high of the stock stood at Rs 588.35 per share and the 52-week low stood at Rs 259.5 per share. READ MORE

 

10:25 AM

Stock Market LIVE Updates: Why Avenue Supermarts owner of DMart shares hit 15% upper circuit in trade?

Stock Market LIVE Updates: Avenue Supermarts, owner of DMart retail chain, shares clocked 15 per cent upper circuit in trade on BSE at Rs 4,160.4 per share. The buying in the stock sparked after the company released its Q3 business update. 

 

Around 9:51 AM, Avenue Supermarts share price was up 13.95 per cent at Rs 4,122.5 per share on BSE. In comparison, the BSE Sensex was down 0.52 per cent at 79,530.42. The market capitalisation of the company stood at Rs 2,67,386.22 crore. The 52-week high of the stock stood at Rs 5,484 per share and the 52-week low stood at Rs 3,400 per share. READ MORE

 

10:14 AM

Stock Market LIVE Updates: Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price

Stock Market LIVE Updates: The year 2025 may be the year of monetary policy easing for India, believes global brokerage Jefferies, as the gap between loan and deposit growth seems to have narrowed.

 

Besides, slower pace of growth in unsecured loans, along with moderation in gross domestic product (GDP) growth, calls for rate cut cycle to begin, Jefferies said in its latest report. READ MORE