KEY HIGHLIGHTS
US Futures Decline; Weekly Jobless Data In Focus
As of 3:27 p.m., futures contracts of Dow Jones Average and S&P 500 futures were 0.26% and 0.34% down, respectively while Nasdaq 100's contract was 0.41% down.
Events, Economic Data Later Thursday
US: Unemployment claims
Nifty, Sensex See Muted Close On Monthly Expiry Day; RIL, HDFC Bank Weigh: Closing Bell
After opening higher, benchmark equity indices of India saw a muted close on the day of 2024's last monthly derivatives contract expiry of the Nifty index. Adani Ports and SEZ contributed the most to the gains while heavyweights HDFC Bank and Reliance dragged.
There were lack of triggers from around the globe as most markets were closed on account Boxing Day holiday.
Nifty ended 0.10% or 22.55 points up at 23750.20 and Sensex ended flat at 78472.48. Intraday, both the indices had risen around 0.5%.
"The bulls are finding it difficult to overcome the immediate hurdle of 23,850," said Aditya Gaggar, director of Progressive Shares. 'We need a convincing move on either sides of a well-maintained range of 23,650-23,850."
Share price of Adani Ports & SEZ Ltd., Mahindra and Mahindra Ltd., Bharti Airtel Ltd., Sun Pharmaceutical Industries Ltd., and Maruti Suzuki Ltd. contributed the most to the gains.
Those of HDFC Bank Ltd., Reliance Industries Ltd., ITC Ltd., Titan Co. Ltd., and Larsen & Toubro weighed the most.
Market breadth was skewed in favour of sellers. Around 2,334 stocks declined, 1,651 stocks advanced, and 88 stocks remained unchanged on BSE.
Broader markets ended on a mixed note. The BSE Midcap ended 0.11% higher, and Smallcap indices ended 0.24% down.
On BSE, 14 sectors ended higher and seven declined out of 21. The BSE FMCG declined the most, and the BSE Services rose the most.
Markets At Close
Nifty and Sensex see muted close on F&O expiry day
Intraday, both the indices had gained more than 0.5%.
Nifty ends 0.10% or 22.55 points up at 23750.20
Sensex ended flat at 78472.48
Broader indices were little changed. Nifty Midcap 100 ended 0.2% up; Nifty Smallcap 250 closed flat
Most sectoral indices rose with Nifty Auto leading
Adani Ports and M&M were top Nifty gainers
Asian Paints and Titan Co fell the most
Rupee Ends At Record Closing Low Against US Dollar
-Rupee weakened by 6 to close at a record closing low of 85.26.
-The currency fell to a record low of 85.29 against the US Dollar
-It closed at 85.20 on Tuesday.
Source: Bloomberg
Share Market News: All Adani Stocks Advance
Adani Group companies add over Rs 31,000 Crore in market cap
Adani Energy, Adani Green, and Adani Ports gain over 3.5% each. Adani Power extended gains to nearly 3% while Ambuja Cement, Adani Total Gas gain over 1% each. Adani Enterprises rises 1%.
Asia Market Close: Nikkei Rises, Kospi Falls
Most indices in the Asia-Pacific region ended higher. Japan's Nikkei ended over 1% higher but South Korea's Kospi fell and China's CSI 300 ended flat. Australia, New Zealand and Hong Kong markets were closed for the Boxing Day holiday.
Nuvama On AMFI Recategorisation
Nuvama said post recategorisation AMFI large-cap cut-off is expected to surge to Rs 1 lakh crore from Rs 84,000 crore earlier and AMFI mid-cap cut-off expected to surge to Rs 32,800 crore from Rs 27,500 crore earlier. CG Power, RVNL, ICICI Prudential Indus Towers are expected to move into large-cap from mid-cap segment while Hyundai Motor, Bajaj Housing, NTPC Green & Swiggy expected to be categorised as large-caps.
IRCTC Share Price Slides As Platform Faces Ticket Booking Outage
The Indian Railway Catering and Tourism Corporation Ltd. faced technical outage on Thursday, leaving numerous passengers unable to book tickets on its official website and mobile application. The disruption coincided with the busy holiday season, amplifying frustration among travelers, especially those attempting to book Tatkal tickets.
Rupee At 87? More Pain Ahead As Volatility Returns To India's Forex Market
The worst is not over for rupee as volatility makes a comeback to India’s foreign exchange markets, according to analysts and economists. Uncertainty is expected to heighten in 2025 as US President-elect Donald Trump threatens tariff and adopts inflationary policies.
Read here.
ITC Demerger: ITC Hotels Valuation, Ex- Date, Trading Details — All You Need To Know
The demerger of ITC Hotels Ltd. from cigarette maker ITC Ltd. will be effective Jan. 1, 2025, and the stock will go ex-demerger on Jan. 6, 2025, according to the disclosures made to the stock exchanges.
Investor looking to own ITC Hotel shares should have ITC shares in their account on Jan. 6, 2025 — the record date for the demerger. This means, the last date to acquire the parent's shares is Jan. 3, 2025, Friday.
Stock Market News: Godfrey Phillips Share Price Surges After COO Appointment
Shares of Godfrey Phillips India Ltd. rallied over 9% on Thursday after the tobacco products manufacturer approved a top level management change in the organisations.
EaseMyTrip Launches New Franchise Store In Andhra
Easy Trip Planners has announced the launch of its newest franchise store in Srikalahasti, Andhra Pradesh in an exchange filing. This is the company's 23rd franchise store. This strategic expansion continues the company's successful franchise program, bringing comprehensive travel services closer to customers in the culturally rich Tirupati region, it said.
NTPC Green Energy Share Price Tumbles With Anchor Sell-Off After First Lock-In Expiry
NTPC Green Energy Ltd. shares plunged in trade on Thursday after anchor investors offloaded their stake with the first lock-in period coming to an end. The renewable energy arm of the state-owned NTPC Ltd.'s went public a month ago in the largest maiden public issue this year.
Stock Of The Day: Mazagon Dock Shares Yet To Hit Bottom As 150% Rally Cools Off
Shares of the stock split bound Mazagon Dock Shipbuilders Ltd. are poised for further downside in 2025 as the defence giant's stock trades in the so-called 'bearish territory' after a 150% rally early this year.
The domestic warship manufacturer's stock trades ex-date on Thursday for its 1:2 stock split.
Broader Indices Underperform Benchmarks
Broader indices underperformed the benchmarks. At 11:44 a.m., when Nifty and Sensex rose around 0.1%, Nifty Midcap 100 and Nifty Smallcap 250 fell 0.5%.
Metropolitan Stock Exchange Gains Attention — All You Need To Know
The Metropolitan Stock Exchange of India Ltd., also known as MSEI, is raising Rs 238 crore through a fresh equity issuance from big players, including Groww’s parent company, Zerodha’s Kamath brothers Fund Rainmatter, Share India Securities Ltd, and Securocorp Securities India Private Limited, as per the exchange's disclosures.
Nifty Bank Erases Early Gains With ICICI Bank, HDFC Bank Weighing Most
Nifty Bank erased its early gains as ICICI Bank and HDFC Bank weighed the most.
Intellect Design Arena Share Price Hits Highest Since September
Intellect Design Arena rose as much as 12% on Thursday to hit Rs 1,025, its highest level since September 27.
Stocks To Buy Today: IndiGo, Lupin, Jubilant FoodWorks And More
Analysts have given recommendations for companies including IndiGo parent InterGlobe Aviation Ltd., ITC Ltd., Lupin Ltd., Tata Consumer Products Ltd., and more.
As per the stock calls shared with NDTV Profit, some of these companies could see upside of as much as 7–8% in the near term from current levels. Some of them have already yielded as much as nearly 70% in the past 12 months.
Sagility Share Price Continue To Rally; Up 75% Since Listing
Shares of Sagility India Ltd. rose as much as 5% on Thursday and were briefly locked in the upper circuit for the second time this week. The rally in the recently listed healthcare services provider is expected to continue, with analysts anticipating a temporary setback in February when the second lock-in period for anchor investors ends.
Stock Market Update: Volatility Gauge Climbs As Benchmarks Erase Opening Gains
India VIX or fear gauge index rose nearly 5% as Nifty and Sensex erased their opening gains.
Greaves Cotton Share Price Falls Nearly 5% After Hitting Lifetime High On Tuesday
Greaves Cotton share price fell nearly 5% on Thursday after it had hit its lifetime high on Tuesday. The stock had risen after its subsidiary, Greaves Electricity Mobility Ltd., filed its preliminary documents with the Securities and Exchange Board of India to raise up to Rs 1,000 crore through an initial public offering on Monday.
Share Market Update: Yes Bank Share Price Hits One-Month Low
Yes Bank share price fell to hit Rs 19.71, its lowest level in a month. In an exchange filing, the company said it has received Rs 161 crore from a single trust in the Security Receipts Portfolio. The net amount (i.e. Rs 161 crores less the net carrying value of the trust), is more than the materiality threshold.
Share Market News: ITC Adds Over 3% In 3 Sessions
ITC share price rose for a third consecutive session on Thursday, adding over 3%. Vikas Jain, head of research at Reliance Securities said that in the December series F&O expiry or year 2024 expiry, he expects positivity on Biocon, Naukri, Praj Industries, Bharti Hexa, Lupin, ITC, Chalet Hotel.
Share Market Updates: Ola Electric Shares Rise 6% After Store Expansion News
Ola Electric announced on Wednesday that it has expanded its network to 4,000 stores nationwide, marking a four-fold increase from its previous network. The company has opened more than 3,200 new stores, each co-located with service facilities.
Motilal Oswal Expects Nearly 50% Upside In Raymond Lifestyle As Co Likely To See Healthy Growth
Raymond Lifestyle Ltd. will likely see a healthy growth as the demand improved because of the festive and wedding seasons, Motilal Oswal Financial Services Ltd. said in a note on Wednesday. The company struggled earlier as the demand remained sluggish for last 12–15 months.
Stock Market Live: Ceigall India Share Price Jumps Over 6% As Unit Gets Project From NHAI
Ceigall India Ltd. jumped over 6% on Thursday as its unit gets an order worth Rs 981 crore from the National Highway Authority of India after executing an concession agreement.
Nifty, Sensex Open Higher As Bank Shares Lead Gains: Opening Bell
Benchmark equity indices of India saw a higher open on Thursday as share prices of banks contributed the most to the gains.
At pre-open, the NSE Nifty 50 was 0.20% higher at 23,775.80, and the BSE Sensex was 0.11% higher at 78,560.33.
"The Index (Nifty) is oscillating in a well-maintained range of 23,650-23,850 and a breakout on either sides is necessary for a concrete inference," said Aditya Gaggar, director of Progressive Shares.
Share prices of ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., State Bank Of India, and ITC Ltd. contributed the most to the gains.
Tata Consultancy Services Ltd., HDFC Life Insurance Ltd., Asian Paints Ltd., Hindustan Unilever Ltd., and Shriram Finance Ltd. minimised the upside.
Except Nifty Realty, Media, and Pharma, all sectoral indices opened higher with Nifty PSU Bank leading the gains.
Stock Market Today: Nifty, Sensex Higher At Pre-Open
At pre-open, the NSE Nifty 50 was 0.20% higher at 23,775.80, and the BSE Sensex was 0.11% higher at 78,560.33.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.77%. It closed at 6.77% on Tuesday, according to data on Bloomberg.
Rupee Opens At Record Low Against US Dollar
Rupee weakened by 2 to open at a record low of 85.22 against the US Dollar. It closed at 85.20 on Tuesday, according to data on Bloomberg
Metropolis Healthcare Incorporates Subsidiary
Metropolis Healthcare has incorporated wholly-owned Arm Metropolis Clinical Pathology with effect from December 25, an exchange filing said
AGIFT Nifty Inches Lower; UltraTech, Bharat Forge, Epack Durable Share Price In Focus
GIFT Nifty was trading at 23,800 as of 8:15 a.m., down 0.07%, or 0.14 points, early on Thursday.
Going into trade, traders will look out for shares of UltraTech Cement Ltd., Bharat Forge Ltd., Ceigall India Ltd., Epack Durable Ltd., among others on account of newsflow.
Indian stocks resumed closed lower on Tuesday after an one-day breather a day ago. The NSE Nifty 50 ended 25.80 points, or 0.11%, down at 23,727.65, and while the Sensex settled 67.30 points, or 0.1%, lower at 78,472.87.
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