KEY HIGHLIGHTS
Power Grid Share Price Update: Large Trade In Stock
Over 4.06 million shares of Power Grid were traded via a block deal on Wednesday. The share of Power Grid rose as much as 0.92% to Rs 262.75 apiece.
Nifty, Sensex Live Today: KPI Green Shares In Focus
The board on Wednesday approved allotment of 1 crore warrants at Rs 470.3 apiece.
The company will issue warrants to promoter entity Quyosh Energia.
Source: Exchange Filing
Nifty, Sensex Live Today: Ahluwalia Contracts Stock In Focus
Ahluwalia Contracts stock was already in focus on Wednesday, but adding to the positive sentiment the company announced that it has received Rs 888 crore civil construction order from Bihar State Tourism Development Corp.
Source: Exchange Filing
RBI’s Dollar–Rupee Swap Explained: What It Means And Why It Matters
The Reserve Bank of India (RBI) conducted $5-billion dollar–rupee buy–sell swap with a three-year tenure on Tuesday, a move that has drawn attention amid renewed pressure on the rupee.
While the terminology may sound complex, the transaction is best understood as a temporary exchange of dollars and rupees between the RBI and banks, designed primarily to inject liquidity into the system rather than directly defend the currency.
Read full story here.
Meesho Share Live Updates: Stock Hits Upper Circuit
The shares of Meesho hit an upper circuit on Wednesday, after an initiation from UBS, which has put out a positive note on the counter.
RBL Bank Shares Face Pressure In Trade Despite Positive Citi Report — Here's Why
Shares of RBL Bank has faced pressure in trade today, falling well beyond 1.2% amid fears of expected credit loss (ECL) impact, as detailed in a recent Citi report.
The stock is currently trading at Rs 296, which is significantly lower than Tuesday's closing price of Rs 300. However, it must be noted that the stock has gone up 87% on a year-to-date basis.
Read full story here.
Stock Market Live: Diamond Power Shares In Focus
Diamond Power shares came into focus on Wednesday after it received Rs 55.5 crore letter of award from Bondada Engineering for the supply of power cables.
Source: Exchange Filing
L&T Share Updates Live: Wins Order Worth Rs 2,500-5,000 Crore
The shares of L&T came into focus on Wednesday after the company announced through an exchange filing that it has won orders worth Rs 2,500 crore- Rs 5,000 crore for building and factories business in Madhya Pradesh.
Akzo Nobel Shares Live: Stock Plunges 15% As Promoter Pares Stake In Block Deal
Shares of Akzo Nobel India Ltd. fell as much as 15% on Wednesday after a large block deal in the stock, in line with market expectations.
About 5.19 crore shares, representing 11.4% of the company’s equity, changed hands in a block deal worth Rs 1,638.5 crore at a price of Rs 3,159 per share. The identities of the buyers and sellers were not immediately disclosed.
Park Medi World Shares List
Shares of Park Medi World Ltd. listed at a discount on the National Stock Exchange, at a 1.98% dip from their IPO price of Rs 162. The company's stock debuted at Rs 158.80 apiece on the stock exchange. On the BSE, shares listed at Rs 160 apiece, marking a 1.23% dip.
Bank Of Baroda Share Price Update: Large Trade In Stock
Over 1.58 million shares of Bank of Baroda were traded via a block deal on Wednesday. The share of Bank of Baroda rose as much as 1.24% to Rs 286.35 apiece.
PB Fintech Share Price Live: Stock In Focus After Insurance Amendment Bill Clears Lok Sabha
The scrip fell as much as 2.25% to Rs 1,779.50 apiece on Wednesday, the lowest level since Nov. 26. It pared gains to trade 2.13% lower at Rs 1,781.70 apiece, as of 10:30 a.m. This compares to a 0.18% decline in the NSE Nifty 50 Index.
It has fallen 16.57% in the last 12 months and 15.56% year-to-date. Total traded volume so far in the day stood at 0.35 times its 30-day average. The relative strength index was at 31.98.
RBL Bank Shares In Focus
The management of RBL Bank anticipated ECL impact to range between 10-15% of current net worth, it said in Citi Conference.
In the second call, they had guided for 6-8% of the net worth impact.
The shares of RBL Bank fell as much as 1.68% on Wednesday.
Vodafone Idea Relief Package: No Immediate Call As Government Treads Carefully
The government is not expected to take an immediate decision on a relief package for Vodafone Idea (Vi), with the Centre adopting a measured and cautious approach, according to government sources familiar with the matter.
Sources said the government is careful about taking any step that could have a direct bearing on the company’s valuation, particularly given its 49% equity stake in the telecom operator following the conversion of statutory dues into equity. Any policy move, sources indicated, is being assessed not just for its fiscal impact but also for potential market implications.
Nephrocare Health Shares Listing
Nephrocare Health Services Ltd. listed on the National Stock Exchange on Wednesday at Rs 490 apiece, a premium of 6.52% over its issue price of Rs 460 apiece.
On the BSE, the stock debuted at Rs 491.70, a 6.89% premium.
Meesho Shares In Focus — Check Why
Shares of Meesho are buzzing in trade on Wednesday, rising more than 9% after an initiation from UBS, which has put out a positive note on the counter.
Read full story here.
Ola Electric Shares In Focus — Check Why
Shares of Ola Electric Mobility Ltd. on Wednesday rose by 4.6% at Rs 35.95 a piece.
The stock was keenly watched pre-market open following the bulk deal on Tuesday, where founder Bhavish Aggarwal sold over 2.6 crore shares, approximately 0.6% of the equity worth around Rs 92 crore.
Rupee Check: Indian Currency Gains 1%, Biggest Advance Since May, on RBI Support
Indian rupee rises 1%, its largest gain since May, as the central bank stepped in to support the currency. The Reserve Bank of India is intervening through dollar sales in the onshore currency market to support the rupee, people familiar with the transactions told Bloomberg.
(Source: Bloomberg)
Nifty, Sensex Live Today: Nifty PSU Bank Rises Most
On NSE, 13 of the 15 sectors were in the green. Nifty PSU Bank rose the most while Nifty Media was the only sector in red.
Broader markets were also in the green, with the NSE Midcap 150 trading 0.19% higher and NSE Smallcap was trading 0.21% higher.
Nifty, Sensex Live Today: SBI, Eternal, Axis Bank Lead Gains
ICICI Bank, HDFC Bank, Kotak Mahindra Bank, HDFC Life and Max Health weighed on the Nifty 50 index after the Lok Sabha approved the Insurance Amendment Bill.
SBI, Eternal, Axis Bank, RIL, TCS added to the Nifty 50 index.
PolyCab India Share Price Update: Large Trade In Stock
Over 75.67 lakh shares of PolyCab India were traded via a block deal on Wednesday. The share of PolyCab India fell as much as 4.49% to Rs 7,031 apiece.
Honasa Consumer Share Price Update: Large Trade In Stock
Over 1.2 million shares of Honasa Consumer were traded via a block deal on Wednesday. The share of Honasa Consumer fell as much as 2.02% to Rs 254.65 apiece.
Akzo Nobel Share Price Live: Large Trade In Stock
Over 4.88 million shares of Akzo Nobel were traded via a block deals on Wednesday. The share of Ola Electric fell as much as 15.01%% to Rs 3,080.20 apiece.
Ola Electric Share Price Update: Large Trade In Stock
Over 1.37 million shares of Ola Electric were traded via a block deals on Wednesday. The share of Ola Electric rose as much as 2.49% to Rs 35.34 apiece.
Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open
At pre-open, the NSE Nifty 50 was trading 42.30 points or 0.16% higher at 25,902.40. The BSE Sensex was up 0.21% or 176.40 points at 84,856.26.
Rupee Vs Dollar Today: Indian Currency Opens Weaker
Rupee opens 3 paise weaker at 91.06 against US Dollar. It closed at 91.03 on Wednesday.
Source: Bloomberg
The dollar index is up at 97.95. Brent crude was trading 1.07% higher at $59.55.
Stock Market Live: China Stocks Have Rallied 16% This Year, Yet It Is 22% Away From Record Highs
China's stock market has surged this year, on the back of foreign institutional flows, global tech rally, resilient export growth and despite trade frictions with the United States.
The benchmark CSI 300 index, composed of big Chinese companies traded in Shanghai or Shenzhen, is up 16% year-to-date. Comparatively, Hong Kong's Hang Seng index has gained 24% during this period. MSCI Asia Pacific Index, the broadest gauge for the region, is up 28%.
Read more here.
Stock Market Live: RailTel Shares In Focus
Shares of RailTel will be in focus on Wednesday's trading session amid reports of the company being in talks with Starlink.
As Elon Musk's Starlink gears up for India launch, RailTel is one of the Indian companies looking to partner with the satellite internet provider, according to a report from LiveMint.
Insurance Amendment Bill: What Brokerages Say
Brokerages see limited near-term impact of the Sabka Bima Sabki Raksha, 2025 insurance bill, which was passed in Lok Sabha on Tuesday night, with shares of PB Fintech in focus.
The bill, which proposes to raise foreign direct investment (FDI) in the insurance sector from 74% to 100%, in addition to introducing a series of other amendments to insurance laws, may also lead to foreign and niche players entering the space, according to brokerages.
Nifty Today: What F&O Cues Indicate
Nifty December futures down to 25,932 at a premium of 72 points.
Nifty December futures open interest up by 1.69%.
Nifty Options on Dec 23: Maximum Call open interest at 27,000 and Maximum Put open interest at 25,000.
Dollar Check
The US Dollar index is down 0.10% at 97.962.
Euro was down 0.08% at 1.1738.
Pound was down 0.11% at 1.3409.
Yen was up 0.15% at 154.93.
Stock Market News Live: Global Check
Asian stocks opened slightly lower after weak US jobs data failed to lift expectations of further interest-rate cuts by the Federal Reserve.
MSCI’s regional equity index slipped 0.1%, marking a third straight day of declines. The cautious tone followed a mixed session on Wall Street, where the S&P 500 fell for a third consecutive day, while the Nasdaq 100 edged up 0.3%. Tesla Inc. shares dropped more than 1% in extended trading, after reports that its sales in California could be suspended for 30 days. US Treasuries and the dollar were little changed after slipping earlier in the session.
Stock Market News Live: GIFT Nifty Indicates Muted Open
The GIFT Nifty was trading above 25,900 early on Tuesday. The futures contract based on the benchmark Nifty 50 rose 0.05% at 25,928 as of 7:09 a.m. indicating a positive start for the Indian markets.
In the previous session on Tuesday, the benchmark equity extended decline for the second day. The NSE Nifty 50 ended 167.20 points or 0.64% lower at 25,860.10, while the BSE Sensex closed 533.50 points or 0.63% lower at 84,679.86.
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