KEY HIGHLIGHTS
US Futures Decline
As of 3:33 p.m., the Dow Jones Industrial Average and S&P 500 futures declined 0.22% and 0.24% down, respectively. The Nasdaq 100 futures was 0.22% down.
Economic Data Releases And Events For Dec 30
US: House Price Index — 7:30 p.m.
Stock Market Highlights: Nifty Snaps Two-Day Gaining Streak As Private Bank Stocks Drag
The NSE Nifty 50 and BSE Sensex eroded early gains in the last leg of the trade to end sharply down as HDFC Bank Ltd., and ICICI Bank Ltd. share prices led losses. Broad-based weakness across Asia and Europe pressured the benchmark indices.
The Nifty 50 ended 153.40 points or 0.64% down at 23,660.00, and the Sensex ended 450.94 points or 0.57% down at 78,248.13.
In the last leg of the trade, the Nifty 50 declined 0.90% to the day's low of 23,599.30, and the Sensex fell 0.79% to the day's low of 78,077.13.
Earlier in the day, the Nifty 50 rose 0.43% to 23,915.35, and the Sensex rose 0.50% to the day's high of 79,092.70.
The markets experienced significant volatility in today's session. After a weak opening, a rally in banking stocks pushed the Index higher, but the 23,900 level acted as a strong resistance, causing the market to lose all its earlier gains. A correction in mid and small-cap stocks further dragged the Index lower to settle the trade at 23,644.90 with a loss of 168.50 points. Pharma was the standout performer, followed by IT, while the Media and Realty sectors lagged. There was a noticeable disparity in the broader markets where Midcaps closed in the green and outperformed, while Smallcap largely followed the movements of the Frontline Index. The Index closed just below the lower boundary of its consolidation range (23,650–23,850), forming a bearish candlestick pattern. The price action in tomorrow's trade will be crucial in determining the next direction for the market," said Aditya Gaggar, director, Progressive Shares.
HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., State Bank of India, and Mahindra & Mahindra Ltd. weighed on the Nifty 50 index.
Adani Enterprises Ltd., HCLTech Ltd., Sun Pharmaceutical Industries Ltd., Tech Mahindra Ltd., and Cipla Ltd. added to the Nifty 50 index.
On NSE, nine sectors declined, and two advanced out of 12. The NSE Nifty Media declined the most, and the NSE Nifty Pharma rose the most.
The broader markets outperformed in comparison to benchmark Sensex. BSE MidCap 0.13% lower, whereas the SmallCap ended with gains of -0.47%.
Market breadth was skewed in favour of sellers. Around 2,619 stocks declined, and 1,498 stocks advanced, and 150 stocks remained unchanged on BSE.
Rupee Ends Flat Against US Dollar
Rupee closed flat at 84.84 against the US dollar. It closed at 85.54 on Friday, according to data on Bloomberg.
Market At Close
The NSE Nifty 50 snapped a two-day gaining streak. It ended 0.71% down.
The BSE Sensex reversed gains to end 0.57% down.
Adani Enterprises Ltd. and HCLTech Ltd. were top contributors to the Nifty 50 index.
HDFC Bank Ltd. and ICICI Bank Ltd. were top draggers in the Nifty 50 index.
The NSE Nifty Media declined the most and the NSE Nifty Pharma rose the most.
The NSE Nifty Midcap 150 ended 0.18% higher.
The NSE Nifty Smallcap 250 ended 0.43% down.
Adani Enterprises To Raise $2 Billion From OFS & Sales To Adani Wilmar
Adani Enterprises Ltd. will raise $2 billion from the offer for sales and sales to Adani Wilmar Ltd. The proceeds shall be utilised to turbocharge growth of Adani Enterprises in the core infrastructure businesses - Energy & Utility, Transport & Logistics along with Primary Industry adjacent businesses
Stock Market Today: Refex Industries Board Approves To Dilute 33% Stake In VRPL
Refex Industries Ltd. board has approved the dilution of a 33% stake in VRPL through the dilution, sale, or transfer of equity, according to an exchange filing.
Stock Market Live Updates: KEC International Secures Orders Worth Rs 1,073 Crore
KEC International Ltd. has secured new orders worth Rs 1,073 crore across various business verticals, as per an exchange filing.
Stock Market Today: Benchmarks Trade Near Day's Low
The NSE Nifty 50 was trading 173.65 points or 0.73% down at 23,639.75, and the BSE Sensex was 544.55 points or 0.69% down at 78,154.52.
Europe Market Update: Markets Trade In Losses
Markets across eurozone opened in red in the last full trading session of 2024. Losses in Asia shares weighed on the European markets. The Euro Stoxx 50 and FTSE 100 declined 0.40% and 0.39%, respectively as of 2:13 p.m.
Asia Market Update: Most Asia Stocks End Lower
Most Asian stocks ended lower on Monday. The KOSPI ended 0.22% down at 2,399.49 as industrial production data disappointed street. The country also witnessed deadliest passenger flight crash on Sunday in past two decades.
The Nikkei 225 and Hang Seng ended 0.96% and 0.10% down, respectively. The S&P ASX 200 was 0.32% down.
Stock Market Live Updates: Easy Trip Planners Opens New Franchise Store In Chattisgarh
Easy Trip Planners has opened a new franchise store in Chhattisgarh, according to an exchange filing.
Stock Market Live Updates: Suzlon Energy Gets Appeal In Favour From Income Tax Appellate Tribunal
Suzlon Energy Ltd. has announced that the Income Tax Appellate Tribunal has decided an appeal in favor of the company for financial year 2017, relating to an income tax penalty of Rs 173 crore for the fiscal year, as per an exchange filing.
Stock Market Today: Vakrangee In Pact With Shriram Life Insurance
Vakrangee has entered into a pact with Shriram Life Insurance to offer life insurance products, as per an exchange filing.
Indian Benchmarks Near Day's High
The NSE Nifty 50 was 72.25 points or 0.30% higher at 23,885.65, and the BSE Sensex was 298.60 points or 0.38% higher at 78,997.67 as of 11:49 a.m.
Stock Market Today: KEC International Sells Cable Business For Rs 125 Crore
KEC International Ltd. has sold its cables business to KEC Asian Cables for Rs 125 crore, according to an exchange filing.
Stock Market Live Updates: JSW Energy Shares Rise Most In Two Months
Shares of JSW Energy Ltd. saw their best session since Oct. 29 after its unit signed Rs 12,468 crore to acquire various companies in the energy management and clean energy systems space.
Stock Market Today: Aurionpro Solutions Secures Delhi Metro Project
Aurionpro Solutions has secured a Delhi Metro project for the implementation of Automated Fare Collection technology and the supply of manufactured solutions, as per an exchange filing.
Stock Market Live Updates: Aether Industries Announces Execution & Commissions Of 15 Megawatt Solar Power Project
Aether Industries has announced the execution and commissioning of a 15 MW solar power project, expecting the project to deliver annual energy cost savings exceeding Rs 15 crore, according to an exchange filing.
IPO Updates: Ventive Hospitality Lists At Rs 716 Apiece
Ventive Hospitality Ltd. made its market debut with a listing price of Rs 716 on the NSE, compared to the issue price of Rs 643, reflecting a premium of 11.4%. On the BSE, the stock opened at Rs 718.15, also above the issue price of Rs 643, marking a premium of 11.7%.
Carraro India Lists At Rs 651
Carraro India made its market debut with a listing price of Rs 651 on the NSE, below the issue price of Rs 704, reflecting a discount of 7.5%. On the BSE, the stock opened at Rs 660, also below the issue price of Rs 704, marking a discount of 6.3%.
Senores Pharmaceuticals Lists At Rs 600
Senores Pharmaceuticals Ltd. made its market debut with a listing price of Rs 600 on the NSE, significantly higher than the issue price of Rs 391, reflecting a premium of 53.5%. On the BSE, the stock opened at Rs 593.7, also above the issue price of Rs 391, marking a premium of 51.8%.
Stock Market Live Updates: Most Adani Group Stocks Outperform Benchmarks
Adani Enterprises Ltd. and Adani Energy Ltd. were top gainers among peers during open. Adani Enterprises was also the second top contributor to the Nifty 50 index during open.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
Vodafone Idea Share Price Rise As Government Waives Bank Guarantee For Past Spectrum Acquirement
Vodafone Idea Ltd. share price rose on Monday as the company informed the Government of India waived financial bank guarantees for spectrum acquired in past decades. The waive is applicable for bank guarantees acquired in 2012, 2014, 2015, 2016, and 2021, which is subjected to certain terms and condition.
Stock Market Today: Nifty, Sensex Fall Shortly After Open As Infosys, RIL Share Prices Drag
The NSE Nifty 50 and BSE Sensex declined shortly after open as Infosys Ltd. and Reliance Industries Ltd. share prices dragged. As of 09:21 a.m., the Nifty 50 was 21.20 points or 0.1% down at 23,792.20, and the Sensex was 63.56 points or 0.1% down at 78,635.51
Reliance Industries Ltd., HDFC Bank Ltd., Mahindra & Mahindra Ltd., Infosys Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.
Bharti Airtel Ltd., Adani Enterprise Ltd., State Bank of India, ITC Ltd., and UltraTech Cement Ltd. limited losses to the benchmark indices.
On NSE, nine sectors declined, two advanced out of 12. The NSE Nifty Oil & Gas declined the most, and the NSE Nifty FMCG rose the most.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.35% and 0.45% down, respectively.
On BSE, 15 sectors declined, six advanced out of 21. The BSE Utilities rose the most, and the BSE Focused IT declined the most.
Market breadth was skewed in favour of sellers. Around 1,757 stocks declined, 1,395 stocks advanced, and 161 stocks remained unchanged on BSE.
Stock Market Today: Nifty, Sensex Slightly Down At Pre-Open
At pre-open, the NSE Nifty 50 was 0.07% or 16.50 points down at 23,796.90, and the BSE Sensex was 0.08% or 61.17 points down at 78,637.58.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.78%. It closed at 6.78% on Friday, according to data on Bloomberg.
Rupee opens Stronger Against US Dollar
Rupee Strengthened 6 paise to open at 85.48 against the dollar. It closed at 85.54 on Friday, according to data on Bloomberg.
Stock Market Today: Morgan Stanley On Zinka Logistics
Initiates Underweight rating with a target price Rs 450, which implied a16% downside
Share price up 105% since Nov-24 listing, find risk-reward unattractive
High market share in core tolling business, see limited TAM and limited upside to growth
External risk factor around merchant discount rate visibility unclear on medium-term growth and margins
Optionality from new services still in early monetization phases and yet to be proven
Co has built niche and competitive moats in a large fragmented market
Core business (tolling, telematics) has potential to deliver ~24% CAGR FY25-27
Stock Market Live: Jefferies Greed & Fear Long Only Equity Strategy Adjustments
Investment in HDFC Bank to be reintroduced in Asia ex Japan long-only portfolio with 4% weighting
Investment to be paid via reducing investments in Macrotech, L&T, ICICI bank and Axis bank by 1% each
Investment in Siemens India to be introduced with a 4% weighting
Crude Oil Prices Extend Gain To Second Day
Crude oil prices extended gains to a second day on Monday as investors assess outlook for 2025. The February future contract was trading 0.11% higher at $74.25 a barrel as of 7:52 a.m.
Stock Market Today: Motilal Oswal Maintains Buy On JSW Energy
Motilal Oswal Financial Services Ltd. maintained a 'Buy' on JSW Energy Ltd. at Rs 810 target, which implied a 29% upside
View On Latest Acquisition:
Acquisition of 4.7 GW of high quality assets unlocks Rs 57 in value
Full transmission connectivity, signed PPAs provides confidence about timely capacity execution
Higher potential savings due to inhouse EPC and O&M services
Potential rise in leverage not a major concern due to strong operating cash flow
US Market Update: Share Indices Decline As Tech Stocks Weigh
US Markets ended lower on Friday as technology stocks declined. The Dow Jones Industrial Average and S&P 500 ended 0.77% and 1.11% down, respectively. The Nasdaq Composite ended 1.49% down.
Asia Market Update: Most Fall Tracking Wall Street Losses
Most share indices in Asia-Pacific markets were trading lower Monday, tracking Friday's losses on Wall Street after technology companies' stocks decline.
The Nikkei 225 and S&P ASX 200 were trading 0.71% and 0.51% down, respectively. The KOSPI was 0.92% higher as of 7:14 a.m.
GIFT Nifty Above 23,900; Hero MotoCorp, JSW Energy, SJVN Share Prices In Focus
The GIFT Nifty was trading above 23,900 in early morning on Monday. Hero MotoCorp Ltd., JSW Energy Ltd., and SJVN Ltd. share prices are in focus.
The GIFT Nifty was trading 0.03% or 7 points higher at 23,978.00 as of 7:02 a.m.
The NSE Nifty 50 and BSE Sensex ended Friday's session higher as Mahindra & Mahindra Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses.
The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 226.59 points or 0.29% higher at 78,699.07.
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