Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a muted start; Asian shares trade higher

12 Dec 2024 | 01:43:00 PM IST

Synopsis

Sensex Today | Stock Market LIVE Updates | India’s benchmark equity indices, Sensex and Nifty50, opened slightly higher on Thursday, mirroring gains in global markets. This followed US inflation data that met expectations, strengthening prospects of a Federal Reserve rate cut next week.

Sensex Today | Stock Market LIVE Updates | The BSE Sensex was up 116 points (0.14%) at 81,642, while the Nifty50 gained 13 points (0.07%) to trade at 24,659 around 9:27 am.

The Nifty IT index advanced 0.83%, driven by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis.

Meanwhile, other key indices such as Nifty Bank and Nifty Financial Services opened higher, whereas Nifty Auto, PSU Bank, Consumer Durables, and Oil & Gas indices started in the red.

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Stock Market LIVE Updates | 5 stocks with short covering

Price as on 01.42.59 PM, Click on company names for their live prices.

Stock Market LIVE Updates | Nikkei logs 2-month closing high after US data boosts Fed rate cut bets

Japan’s Nikkei hit a two-month high, rising 1.21% to 39,849.14, buoyed by Wall Street gains and hopes for a Fed rate cut after an in-line U.S. inflation report. The Topix gained 0.86% to close at 2,773.03.

Stock Market LIVE Updates | Five Star Business Finance large trade: 17.5 lakh shares (0.6% equity) valued at Rs 114.7 crore exchanged at an average price of Rs 653 apiece

Price as on 01.24.38 PM, Click on company names for their live prices.

Stock Market LIVE Updates | Sebi issues administrative warning letter to HDFC Bank

SEBI alleges non-compliances with multiple regulations by HDFC Bank
HDFC Bank Ltd states there is no financial or operational impact on the bank (Source: Reuters)

Price as on 01.20.57 PM, Click on company names for their live prices.

Stock Market LIVE Updates | Nifty stocks that touched 52-week highs

Stock Market LIVE Updates | Glenmark block deal sees 0.5% equity exchange

Price as on 01.05.52 PM, Click on company names for their live prices.

Stock Market LIVE Updates | IKS IPO subscription status so far on Day One

Stock Market LIVE Updates | Nifty IT index top sectoral gainer; trades over 1% higher

Stock Market LIVE Updates | Goldman Sachs predicts 17% downside in CONCOR, maintains ‘sell’ rating; stock slips over 3%

Price as on 12.56.26 PM, Click on company names for their live prices.

Stock Market LIVE Updates | Kotak Equities projects 17% revenue, 30% EBITDA CAGR for BrainBees; stock jumps over 2%

Price as on 12.51.34 PM, Click on company names for their live prices.

Stock Market LIVE Updates | MTNL shares rally over 13% after clarification on bond payment

Price as on 12.47.43 PM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: All Adani Group stocks trading in green

Price as on 12.31.39 PM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Hot Stocks: Axis Capital sees 16-30% upside in 3 hotel stocks. Take a look

Axis Capital has initiated coverage on several hotel stocks, expressing confidence in the ongoing upcycle within the Indian hotel industry.

The brokerage has assigned a “Buy” rating to Indian Hotels with a target price of ₹976, suggesting a 16% potential upside from its current price of ₹836.

Sensex Today | Stock Market LIVE Updates: MobiKwik IPO Day 2

Issue subscribed 10x so far; retail portion booked nearly 36x

Sensex Today | Stock Market LIVE Updates: Stocks to buy today: Infosys, L&T among top 9 trading ideas for 12 December 2024

We have compiled a list of stocks from the F&O segment and the cash market, recommended by various experts, for traders with a short-term investment horizon.

Sensex Today | Stock Market LIVE Updates: MTNL share price jumps over 11% after the company announced on Thursday that it was unable to fund the semi-annual ESCROW account deposit due to a lack of sufficient funds.

Price as on 11.13.43 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Sai Life Sciences IPO Day 2 subscription status

Qualified Institutional Buyers (QIBs) Portion: 2.62 times

Non-Institutional Investors (NIIs) Portion: 20%

Retail Individual Investors (RIIs) Portion: 23%

Total: 88%

Sensex Today | Stock Market LIVE Updates: Waaree Energies share price rises after the company secured a contract for the development of a 170 MW solar power plant in Madhya Pradesh, awarded by Rewa Ultra Mega Solar Limited.

Price as on 10.50.26 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Stellar Start! Emerald Tyre Manufacturers shares list at 90% premium over IPO price

Emerald Tyre Manufacturers shares had a stellar debut on the NSE SME platform on Thursday, opening at ₹180.50, a 90% premium over their issue price.

Sensex Today | Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO opens for subscription. Check GMP, other details

Inventurus Knowledge Solutions (IKS Health), backed by the Rakesh Jhunjhunwala family, launched its ₹2,498 crore IPO on Thursday. The offering, consisting entirely of an Offer for Sale (OFS) of 1.87 crore shares, will remain open for bidding until December 16.

Sensex Today | Stock Market LIVE Updates: Nifty IT hits record high

Sensex Today | Stock Market LIVE Updates: Sensex gives up early gains, turns negative; Nifty below 24,650

Sensex Today | Stock Market LIVE Updates: Delhivery shares surge 3% as Macquarie gives Rs 460 target, maintains outperform rating

Delhivery shares rose by nearly 3.2% on the BSE, reaching an intraday high of ₹391.30, after global brokerage Macquarie reiterated its ‘outperform’ rating on the stock with a 12-month target price of ₹460.

Price as on 10.00.14 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Gold Price Today: Gold prices surge by Rs 2,200/10 gm this week, silver up by Rs 3,300/kg

Gold prices today: Gold February futures on the MCX opened flat at ₹78,829 per 10 grams, down by 0.22% or ₹173. Meanwhile, silver March futures were trading at ₹95,780 per kilogram, slightly lower by 0.02% or ₹22.

Sensex Today | Stock Market LIVE Updates: Reliance Power shares jump 5% after arm wins 930 MW solar project from SECI

Reliance Power shares surged 5% to hit their upper circuit at ₹46.24 on the BSE on Thursday after the company announced that its subsidiary, Reliance NU Suntech, had secured a 930 MW solar energy project with an integrated battery energy storage system (BESS) in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.

Price as on 09.40.23 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Greaves Cotton shares in focus after approving OFS component for Greaves Electric Mobility IPO

Greaves Cotton shares are set to remain in focus on Thursday after the company’s board approved the Offer for Sale (OFS) component of the Initial Public Offering (IPO) for its Electric Vehicle unit, Greaves Electric Mobility (GEML), during a meeting on Wednesday, December 11.

Sensex Today | Stock Market LIVE Updates: Top gainers in opening trade

Price as on 09.31.32 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: F&O Radar| Deploy Long Iron Condor in Nifty for potential gains from range

The Nifty has been consolidating since the RBI monetary policy announcement on December 6, 2024. The market appears to have already priced in the policy outcome, leading the index to trade sideways since last Friday.

Sensex Today | Stock Market LIVE Updates: Sensex heatmap in opening trade

Sensex Today | Stock Market LIVE Updates: Nuvama Wealth Block Deal: 8.4% equity traded; stock down 5%

Price as on 09.23.19 AM, Click on company names for their live prices.

Sensex Today | Stock Market LIVE Updates: Nifty below 24,650 in opening trade

Opening Bell: Sensex flat, Nifty below 24,650; Hyundai drops 2%, TechM gains 2%

Sensex Today | Stock Market LIVE Updates: Godawari Power shares in focus on signing a 7-year contract with GAIL

Godawari Power & Ispat shares are expected to be in the spotlight on Thursday after the company announced a 7-year RLNG gas supply agreement with GAIL.

Sensex Today | Stock Market LIVE Updates: Shriram Finance shares in focus as co sells stake in housing finance biz to Warburg Pincus for Rs 3,929 crore

Shriram Finance shares are likely to draw attention on Thursday following the company’s announcement of the successful sale of its entire 84.44% stake in Shriram Housing Finance Limited to Warburg Pincus. The transaction was valued at ₹3,929 crore.

Sensex Today | Stock Market LIVE Updates: Domestic startup Rebel Foods raises funds ahead of planned IPO

Rebel Foods, a startup focused on online-only restaurants, has announced a $210 million funding round as it prepares for a planned initial public offering (IPO) by 2026.

Sensex Today | Stock Market LIVE Updates: Sensex falls 50 points, Nifty holds 24,600 in pre-open session

Sensex Today | Stock Market LIVE Updates: Grasim Industries shares in focus as board approve raising up to Rs 2,000 crore via NCDs

Grasim Industries shares are likely to be in the spotlight on Thursday after the company announced its board’s approval to issue non-convertible debentures (NCDs) worth up to ₹2,000 crore in one or more tranches, as per an exchange filing.

Sensex Today | Stock Market LIVE Updates: Here are the stocks that will be in focus today due to various news developments.

Sensex Today | Stock Market LIVE Updates: A little bit of Wall Street in my life

Investors looking to diversify their equity portfolios beyond domestic markets amid high valuations in Mumbai and capitalize on the recent growth in US stocks might consider allocating a portion to equity mutual funds focused on Wall Street-listed assets.

Sensex Today | Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO opens today. Check key dates, GMP, price band, subscription and review

Inventurus Knowledge Solutions, a provider of essential support services to healthcare companies, is set to launch its ₹2,498 crore IPO today. The offering, entirely an Offer for Sale (OFS) of 1.87 crore shares, will remain open for bidding until December 16.

Sensex Today | Stock Market LIVE Updates: Vishal Mega Mart IPO Day 2. Check key dates, GMP, price band, subscription and review

The IPO of Vishal Mega Mart, a prominent supermarket chain operator, saw moderate demand on its first day, achieving an overall subscription of 51%. The non-institutional investor category was fully subscribed, while the retail and Qualified Institutional Buyer (QIB) segments fell short.

Sensex Today | Stock Market LIVE Updates: Sai Life Sciences IPO Day 2. Check key dates, price band, GMP, and review

The initial public offering (IPO) of digital payments platform Sai Life Sciences narrowly missed full subscription on its first day of bidding. The ₹3,042 crore IPO was 84% subscribed on Day 1, driven primarily by institutional investor participation.

Sensex Today | Stock Market LIVE Updates: MobiKwik IPO Day 2. Check key dates, price band, GMP and review

The initial public offering (IPO) of digital payments platform One MobiKwik Systems saw robust investor demand, with the issue being subscribed 7 times on the first day. Retail investors led the charge with 26 times subscription, while non-institutional investors placed bids nearly 9 times the allotted quota.

Sensex Today | Stock Market LIVE Updates: Emerald Tyre Manufacturers IPO listing today. GMP hints at solid gains

Emerald Tyre Manufacturers’ shares are set to debut on the NSE SME platform on Thursday. Prior to the listing, the company’s shares were trading at a grey market premium (GMP) of ₹85.

Sensex Today | Stock Market LIVE Updates: Reliance Power shares in focus after its arm wins 930 MW solar project with battery storage from SECI

Reliance Power shares are expected to be in the spotlight on Thursday following an announcement that its subsidiary, Reliance NU Suntech Private Ltd, has won a 930 MW solar energy project with an integrated battery energy storage system (BESS) in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.

Sensex Today | Stock Market LIVE Updates: HSBC bullish on Indian pharma stocks for 2025

HSBC holds a positive outlook for Indian pharmaceutical stocks in 2025, citing strong performance from peak sales of the cancer drug gRevlimid and differentiated product launches in the US market. Among the stocks it tracks, the brokerage favors Cipla, Sun Pharma, and Torrent Pharma.

Stock Market LIVE Updates | HSBC bullish on Indian pharma stocks for 2025

HSBC is bullish on Indian pharmaceutical stocks for 2025, citing factors like peak sales of the cancer drug Revlimid and the launch of innovative drugs in the US market. Among the stocks they recommend, Cipla, Sun Pharma, and Torrent Pharma are preferred.

Sensex Today | Stock Market LIVE Updates | BofA warns markets underpricing risk of inflation’s return

Although inflation may be largely under control, concerns about price pressures could still hinder expectations for interest rate reductions. Despite these concerns, the stock market appears optimistic.

Sensex Today | Stock Market LIVE Updates | Stocks in news: Cipla, PC Jeweller, Shriram Finance, Grasim, Gland Pharma

The benchmark stock indices, Sensex and Nifty, closed higher on Wednesday, with limited trading activity. Several stocks, including Cipla, PC Jeweller, Shriram Finance, Grasim, and Gland Pharma, are expected to be in focus today due to recent news developments.

Sensex Today | Stock Market LIVE Updates | China is considering softer currency

Reuters reported that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the matter.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.