Business News›Markets›Stocks›Live Blog›Stock Market Highlights: Nifty breaks above key 200-EMA, signaling strength; what's next for D-Street
LIVE BLOG
Stock Market Highlights: Nifty breaks above key 200-EMA, signaling strength; what's next for D-Street
23 Dec 2024 | 08:39:59 PM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | India's benchmark indices, Sensex and Nifty, broke their five-day losing streak on Monday, December 23, driven by gains in banking and FMCG stocks. The BSE Sensex rose 498.58 points (0.64%) to close at 78,540.17, while the Nifty50 climbed 165.95 points (0.7%) to settle at 23,753.45.
Nifty has formed a bullish Harami Cross pattern on the daily chart, indicating a potential rise in market optimism. Besides, the index closed above the 200-EMA. Going forward, a decisive move above 23,850 could trigger a smart recovery towards 24,000/24,400. On the downside, support is placed at 23,540; a breach below this level may lead to further weakness in the index.
Show more1 New Update
Punjab National Bank announces Rs 30 billion bond issue
US stocks mixed at start of holiday-shortened week
Wall Street opened mixed on Monday in a holiday-shortened week, as a stopgap funding bill averted a government shutdown and investors weighed slower rate cuts next year. The Dow dipped 39.8 points (0.09%) to 42,800.49, while the S&P 500 rose 9.4 points (0.16%) to 5,940.25, and the Nasdaq gained 68.5 points (0.35%) to 19,641.05.
Check out the fund flow for December 23
Sebi to auction 28 properties of 5 companies next month
Sebi will auction 28 properties of five companies, including Bishal Group and Sumangal Industries, on January 27 to recover ₹28.66 crore in funds illegally collected from investors. Other companies include Ravi Kiran Realty, Mangalam Agro Products, and Purusattam Infotech.
Tech View: Nifty forms bullish Harami Cross pattern on daily chart. Here are cues for Tuesday trade
India's benchmark indices, Sensex and Nifty, snapped their five-day losing streak on Monday, December 23, driven by gains in banking and FMCG stocks. The Sensex rose 498.58 points (0.64%) to 78,540.17, while the Nifty50 gained 165.95 points (0.7%) to close at 23,753.45. Analyst Satish Chandra Aluri of Lemonn Markets Desk cautioned that bearish sentiment persists, noting, "Nifty50 closed below the crucial 23,800 mark, with the next support seen around 23,500."
Gold snaps 3-day losing run, climbs Rs 570 to Rs 78,700 per 10 gm
Gold prices rose by Rs 570 to Rs 78,700 per 10 grams in the national capital on Monday, driven by value buying and a firm global trend, according to the All India Sarafa Association. Silver surged Rs 1,850 to cross Rs 90,000 per kg, supported by higher demand from industrial units and coin makers.
India bond yields start week lower as RBI minutes hint at Feb rate cut
Indian government bond yields edged lower on Monday after RBI minutes suggested a potential rate cut in February, while U.S. yields eased slightly. The 10-year benchmark yield closed at 6.7739%, down from 6.7891% previously. RBI's December meeting minutes highlighted concerns over high prices slowing demand and emphasized aligning inflation to the 4% target for sustained growth.
India Cements shares surge 8%
Shares of India Cements surged 8% on Monday after the CCI approved UltraTech Cement’s proposal to acquire a majority stake. The stock closed at Rs 366.15 on the BSE and Rs 365.30 on the NSE, after touching intra-day highs of Rs 376.30 and Rs 376.20, respectively, marking gains of over 11%.
Adani Group to acquire Air Works for enterprise value of Rs 400 crore
- Adani Group will acquire Air Works for Rs 400 crore, enhancing its defence MRO capabilities.
- The acquisition strengthens Adani's position in both defence and civil aviation services.
HCG in focus: Block deal likely worth Rs 1,000 crore
Sector View: Realty, Bank stocks shine
Market Statistics: Advance declines ratio favors buyers sellers
Rupee falls 9 paise to close at record low of 85.13 against US dollar
Sensex Heatmap: 20 of 30 Sensex stocks end in the green
Top Nifty gainers and losers in today's session
Price as on 03.39.07 PM, Click on company names for their live prices.
Nifty tops 23,750; SAIL rallies 4%, ITC 2%
Sensex snaps 5-day losing streak, jumps 499 points
Stock Market LIVE Updates | European shares dip at the open; Novo Nordisk jumps
- Europe's STOXX 600 opened lower, down 0.2%, following a steep weekly drop.
- Travel and leisure sectors suffered the most.
NSE, BSE to conduct live trading sessions on Feb 1
Markets will open at 9 am.
For equities, trading will be from 9 am to 3.30 pm.
For commodities, it's till 5 pm.
For equities, trading will be from 9 am to 3.30 pm.
For commodities, it's till 5 pm.
Sensex Today | 10 IPOs of 2024 with losses going up to 46% on listing. Check full list
- Popular Vehicles & Services: 46% discount, Rs 600 crore.
- Capital Small Finance Bank: 40% discount, Rs 500 crore.
- Akme Fintrade (India): 26% discount, Rs 100 crore.
- Western Carriers (India): 24% discount, Rs 500 crore.
- Deepak Builders & Engineers: 16% discount, Rs 300 crore.
- Bazar Style Retail: 13% discount, Rs 800 crore.
- R.K. Swamy: 13% discount, Rs 400 crore.
- Northern Arc Capital: 11% discount, Rs 800 crore.
- Saraswati Saree Depot: 10% discount, Rs 200 crore.
Sensex Today | Stock Market LIVE Updates | HUDCO accepts bids for 10-yr bonds, bankers say
Price as on 02.46.00 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Crypto Price Today: Bitcoin, Etherium, XRP, Solana fall up to 3% amid profit booking
- Bitcoin trades at $95,465, down 0.78%, 12% below its all-time high of $108,268.45.
- Major altcoins like Ethereum and XRP decline, while BNB, Dogecoin, and others rise by up to 3%.
- Market sentiment is cautious, with experts predicting Bitcoin could regain $100,000, targeting $125,000 if sustained.
- Federal Reserve's hawkish stance influences crypto market volatility, but Bitcoin’s long-term growth potential remains strong.
- XRP is showing optimism, with expectations of reaching $3-$7 due to catalysts like RLUSD expansion and ETF approval.
Sensex Today | Stock Market LIVE Updates | Sunita Tools shares rise on receiving contract worth Rs 135 lakh
Price as on 02.36.00 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Top gainers from PSU bank index at this hour
Price as on 02.34.50 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Paisalo Digital approves raising funds worth Rs 258 crore via prefrential issue of convertible equity warrents; stock down 4%
Price as on 02.24.54 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Eco Recycling approves fund raising plan of up to Rs 500 crore via QIP; stock rallies 5%
Price as on 02.22.57 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | BEL receives orders worth Rs 973 crores
Price as on 02.08.02 PM, Click on company names for their live prices.
Stock Market LIVE Updates | European shares dip at the open; Novo Nordisk jumps
Europe's STOXX 600 opened lower at the start of a holiday-shortened week, after clocking its steepest weekly drop since early September, but a spike in Novo Nordisk limited the downside on the main stock index.
The pan-European STOXX 600 was down 0.2% as of 0810 GMT amid a light event calendar, with trading volumes expected to be low ahead of the Christmas break.
The pan-European STOXX 600 was down 0.2% as of 0810 GMT amid a light event calendar, with trading volumes expected to be low ahead of the Christmas break.
Japan's Nikkei gains on Wall Street's lead; autos, tech shine
Japan's Nikkei share average gained on Monday, buoyed by Wall Street's Friday rally.
The Nikkei climbed 1.19% to finish the day at 39,161.34. The broader Topix rose 0.92%.
The Nikkei climbed 1.19% to finish the day at 39,161.34. The broader Topix rose 0.92%.
Sensex Today | Stock Market LIVE Updates: 9 mainboard IPOs open for subscription today: Issue price, GMP and listing date
As of December 23, 2024, nine mainboard IPOs are open for subscription on the NSE and BSE: Unimech Aerospace and Manufacturing, Carraro India, Senores Pharmaceuticals, Ventive Hospitality, Concord Enviro Systems, Sanathan Textiles, Mamata Machinery, DAM Capital Advisors, and Transrail Lighting.
Sensex Today | Stock Market LIVE Updates: Concord Enviro Systems IPO subscribed 1.93 times on Day 3 so far. Check GMP, review and other details
The IPO of Concord Enviro Systems was fully subscribed on Monday, with overall subscriptions reaching 1.93 times by 11:24 AM on the final day of bidding. The Rs 500 crore offering includes a fresh equity issue worth Rs 175 crore and an offer-for-sale (OFS) of 46.4 lakh shares. The subscription period will close on December 23.
Sensex Today | Stock Market LIVE Updates| Top Nifty gainers and losers at this hour
Price as on 01.20.45 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Sanathan Textiles IPO subscribed 2.28 times on Day 3 so far. Check GMP, review and other details
The IPO of Sanathan Textiles was fully subscribed on Monday, with total subscriptions reaching 2.28 times by 10:54 AM on the final day of bidding. The Rs 550 crore offering comprises a fresh equity issue worth Rs 400 crore and an offer-for-sale (OFS) of 46.72 lakh shares. The bidding period remains open until December 23.
Sensex Today | Stock Market LIVE Updates: Anya Polytech & Fertilizers IPO Opens on December 26, price band announced
Anya Polytech & Fertilizers, a manufacturer of HDPE & PP bags, Zinc Sulphate Fertilizers, and Micronutrient Mixtures for agricultural purposes, plans to launch its Initial Public Offering (IPO) on December 26, 2024. The company aims to raise Rs 44.80 crore, with the shares to be listed on the NSE Emerge platform.
Sensex Today | Stock Market LIVE Updates: Mamata Machinery IPO subscribed over 66 times on Day 3 so far. Check GMP, review and other details
The IPO of Mamata Machinery was fully subscribed on Monday, with the overall subscription reaching 66.26 times by 11:42 AM on its final day of bidding. The offering is entirely an offer-for-sale (OFS) valued at Rs 179 crore, with the subscription period closing on December 23.
Sensex Today | Stock Market LIVE Updates: Transrail Lighting IPO subscribed 10.84 times on Day 3 so far. Check GMP, review and other details
The IPO of Transrail Lighting was fully subscribed on Monday, achieving an overall subscription of 10.84 times as of 11:30 AM on its final bidding day. The offering includes a fresh equity issuance valued at Rs 400 crore and an offer-for-sale (OFS) of 1.01 crore shares, with the subscription period closing on December 23.
Stock Market LIVE Updates | Sensex off day's low, trades 400 pts higher
Sensex Today | Nifty Realty index up 1%; check out the top gainers
Price as on 12.28.41 PM, Click on company names for their live prices.
Stock Market LIVE Updates | Hindustan Construction completes claims settlement with major client for Rs 180 cr
Price as on 12.12.18 PM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Star Cement, GIC among to gainers & losers at this hour
Price as on 12.03.28 PM, Click on company names for their live prices.
Sensex Today | Ventive Hospitality IPO subscribed 78% on Day 2 so far
The initial public offer (IPO) of Ventive Hospitality, which opened for subscription on Friday, has been subscribed 78% by the second day of the process, with the highest demand coming from qualified institutional buyers (QIBs).
As of 10:45 AM, the IPO was subscribed 1.05 times by QIBs, while retail investors had subscribed 86%. Non-institutional investors (NIIs) had subscribed 19% of the issue.
As of 10:45 AM, the IPO was subscribed 1.05 times by QIBs, while retail investors had subscribed 86%. Non-institutional investors (NIIs) had subscribed 19% of the issue.
Stock Market LIVE Updates | Concord Enviro Systems IPO subscribed 1.93 times on Day 3 so far
The initial public offer (IPO) of Concord Enviro Systems was fully subscribed by 11:24 AM on the final day of bidding, with an overall subscription of 1.93 times.
The IPO, which is a mix of a fresh equity sale worth Rs 175 crore and an offer for sale (OFS) of 46.4 lakh shares, has a total size of Rs 500 crore. The issue is set to close on December 23.
Retail investors subscribed 2.87 times, while non-institutional investors subscribed 2.16 times. However, qualified institutional buyers had only subscribed to 2% of their allocated shares.
The IPO, which is a mix of a fresh equity sale worth Rs 175 crore and an offer for sale (OFS) of 46.4 lakh shares, has a total size of Rs 500 crore. The issue is set to close on December 23.
Retail investors subscribed 2.87 times, while non-institutional investors subscribed 2.16 times. However, qualified institutional buyers had only subscribed to 2% of their allocated shares.
Sensex Today | Stock Market LIVE Updates | Top Nifty gainers and losers at this hour
Price as on 11.31.05 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | L&T Precision Engineering & Systems wins order for K9 Vajra-T Artillery platforms
Price as on 11.30.21 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Nifty Bank index rises 2%; AU SFB, HDFC Bank among top gainers from the pack
Price as on 11.30.00 AM, Click on company names for their live prices.
Sensex Today | BSE cracks down on another SME IPO, Solar91 issue postponed one day before opening
- BSE postponed the Solar91 Cleantech SME IPO due to raised concerns over its valuation surge.
- The IPO, set to raise Rs 106 crore, will be re-examined.
- Sebi’s new rules aim to improve SME IPO market credibility.
Sensex Today | Stock Market LIVE Updates | Sensex climbs over 800 pts
Sensex rejig in December: Zomato to see $513 million inflows amid shake-up for 6 stocks!
The BSE Sensex undergoes its periodic rebalancing on December 23, to reflect India’s evolving market dynamics. Food delivery firm Zomato replaces steel giant JSW Steel in the 30-share benchmark index.
This reshuffle is set to drive $513 million in inflows into Zomato, while JSW Steel faces $252 million in outflows as institutional investors adjust portfolios, according to estimates by brokerage firm Nuvama.
This reshuffle is set to drive $513 million in inflows into Zomato, while JSW Steel faces $252 million in outflows as institutional investors adjust portfolios, according to estimates by brokerage firm Nuvama.
Stock Market LIVE Updates | Reliance Industries shares surge over 1% after 45% stake acquisition in Health Alliance for $10 million
The company announced that its wholly-owned subsidiary, Reliance Digital Health (RDHL), will acquire a 45% stake in Health Alliance Group.
Price as on 11.10.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: 28 of 30 Sensex stocks trading with gains
Sensex Today | Stock Market LIVE Updates: Sensex zooms over 700 points; HDFC Bank, RIL lead rebound
Sensex Today | Stock Market LIVE Updates | Sectoral Snapshot
- Bank, metal, financial indexes rise over 1%
- Realty index jumps over 2%
Stock Market LIVE Updates | Aurobindo Pharma shares jump 2% after UK arm secures regulatory approval for cancer drug
CuraTeQ Biologics, a wholly owned step-down subsidiary of the company, has received approval from the UK's Medicines and Healthcare products Regulatory Agency (MHRA) for Bevgolva, a biosimilar of bevacizumab used in the treatment of various cancers, including metastatic colorectal cancer.
Price as on 10.40.00 AM, Click on company names for their live prices.
Stock Market LIVE Updates | Shriram Finance, TCS among top Nifty gainers & losers at this hour
Sensex Today | Stock Market LIVE Updates | Nifty trades above 23,750
Sensex Today | Stock Market LIVE Updates | Piramal Enterprises shares jump 3% on plans to raise Rs 2,000 crore via NCDs
Tthe company’s Board of Directors on Friday approved the company's plans to raise up to Rs 2,000 crore via issuance of Non-Convertible Debentures (NCDs).
Price as on 10.30.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | Unimech Aerospace IPO opens for bidding
The initial public offer (IPO) of Unimech Aerospace has opened for subscription today and the issue will be available for bidding till December 26. The IPO is a combination of fresh equity sale worth Rs 250 crore and an offer for sale (OFS) of Rs 250 crore, taking the total size to Rs 500 crore.
Stock Market LIVE Updates |Nifty Metal index jumps 1%; JSW Steel, SAIL among top gainers
Price as on 10.10.00 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | India VIX eases 5%
India bond yields dip after RBI policy minutes hint at Feb rate cut
Indian government bond yields started the week a tad lower after the minutes of the central bank's latest meeting indicated that an interest rate cut in February was a possibility, while U.S. Treasury yields cooled marginally.
The 10-year benchmark bond yield was at 6.7774% as of 9:45 a.m. IST on Monday, compared with the previous close of 6.7891%.
The 10-year benchmark bond yield was at 6.7774% as of 9:45 a.m. IST on Monday, compared with the previous close of 6.7891%.
Sensex Today | Stock Market LIVE Updates | Zomato shares drop over 2% on entry in Sensex
The food delivery giant becomes the first new-age tech company to join the BSE Sensex’s 30-share frontline index, replacing steel giant JSW Steel as part of the benchmark’s planned rejig on December 23. The reshuffle is expected to drive inflows of $513 million into Zomato, while JSW Steel may see outflows of $252 million, according to estimates by brokerage firm Nuvama.
Price as on 09.47.06 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates | India Cements shares skyrocket 11% as CCI approves acquisition by UltraTech
Stock Market LIVE Updates | NTPC Green shares rally 4% on signing MoU with Bihar government
The company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar.
Price as on 09.27.11 AM, Click on company names for their live prices.
Forex News | Rupee flat in early trade
Rupee turns almost flat, gains 1 paisa to 85.03 against US dollar.
Sensex Today | Stock Market LIVE Updates | Tata Steel, YES Bank among top movers in morning trade
Price as on 09.21.41 AM, Click on company names for their live prices.
Opening Bell: Sensex climbs 600 pts, Nifty above 23,750; JSW Steel gains 2%, Zomato drops 2%
Sensex Today | Stock Market LIVE Updates: Sensex rises 440 points, Nifty above 23,700 in pre-open session
Sensex Today | Stock Market LIVE Updates: TCS shares in focus as co sells 30% stake in South African arm worth Rs 28 crore to comply with norms
Shares of Tata Consultancy Services (TCS) are expected to be in the spotlight after the company announced an agreement with Isisekelo Sethu Trust to sell and divest 30% of shares, valued at Rs 28 crore (ZAR 60 million), held by TCS Africa in TCS SA. The move is aimed at complying with South Africa's Broad-Based Black Economic Empowerment (B-BBEE) guidelines.
Sensex Today | Stock Market LIVE Updates: NTPC Green shares in focus on signing MoU with Bihar government
Shares of NTPC Green Energy are expected to be in focus today after the company signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar.
Sensex Today | Stock Market LIVE Updates: Reliance Industries shares in focus after 45% stake acquisition in Health Alliance for $10 million
Shares of Reliance Industries, led by Mukesh Ambani, are expected to be in focus on Monday following the company's announcement that its wholly-owned subsidiary, Reliance Digital Health (RDHL), will acquire a 45% stake in Health Alliance Group.
Sensex Today | Stock Market LIVE Updates: IndusInd Bank shares in focus after RBI slaps fine on lender
Shares of IndusInd Bank are likely to draw attention after the Reserve Bank of India imposed a penalty of Rs 27.30 lakh on the private lender for failing to comply with specific provisions related to 'interest rate on deposits.'
Sensex Today | Stock Market LIVE Updates: Ashoka Buildcon shares in focus after co plans Rs 9000 cr investment in Bihar
Shares of Ashoka Buildcon, a construction and engineering firm, are expected to be in the spotlight on Monday after the company announced plans to invest Rs 9,000 crore in Bihar.
Sensex Today | Stock Market LIVE Updates: Identical Brains Studios IPO: Check allotment status, GMP and listing date
The share allotment for Identical Brains Studios is set to be finalized later today, with the company's shares scheduled to list on the NSE SME platform on December 26. The Rs 20 crore SME IPO witnessed robust demand, achieving a subscription of over 500 times, largely driven by strong interest from retail investors.
Sensex Today | Stock Market LIVE Updates: Unimech Aerospace IPO opens today. Check key dates, price band, GMP and review
The initial public offering (IPO) of Unimech Aerospace opened for subscription today and will remain open for bidding until December 26.
Sensex Today | Stock Market LIVE Updates: Investors hope for US stock market trifecta in 2025 after back-to-back boom years
Investors anticipate further gains in the U.S. stock market in 2025, following two consecutive strong years. The optimism is driven by a robust economy bolstering corporate profits, easing interest rates, and pro-growth policies under incoming President Donald Trump.
Sensex Today | Stock Market LIVE Updates: Zomato shares in focus as Sensex entry likely to attract $513 million inflows
Zomato shares are in the spotlight on Monday as the food delivery giant makes history by becoming the first new-age tech company to join the BSE Sensex’s 30-share benchmark index. The move, part of the index’s scheduled reshuffle on December 23, sees Zomato replacing steel major JSW Steel.
Sensex Today | Stock Market LIVE Updates |Carraro India turning the corner, offers an entry point
Carraro India, a subsidiary of Italy's Carraro SpA that manufactures components for tractors and construction equipment, plans to raise ₹1,250 crore through an offer for sale. Following the IPO, the parent company's stake will reduce from 100% to 68.8%.
Sensex Today | Stock Market LIVE Updates | IPO fundraising touches a record Rs 1.6 lakh cr in 2024
Fundraising through IPOs in India reached a new milestone in 2024, with companies raising a record ₹1.6 lakh crore, driven by economic growth, favorable market conditions, and enhancements in the regulatory framework. The pipeline for the upcoming year looks even more promising.
Sensex Today | Stock Market LIVE Updates | Nifty’s 200-DMA key level to watch, determine trend: Analysts
While technical charts suggest a bearish trend, analysts anticipate a rebound in the Nifty from its current 200-day moving average (DMA), aiming for levels around 24,000 and 24,170. Analysts are advising long positions in stocks such as Aurobindo Pharma, Dr. Reddy’s, Lupin, ITC, Marico, Radio Khaitan, KPR Mills, Kfin Tech, and Care Ratings.
Stock Market LIVE Updates |Oil prices firm on hopes of US policy support for economic growth
Oil prices inched higher on Monday, along with other risk assets, after U.S. data showed cooling inflation, reviving hopes of further policy easing next year that will support global economic growth and oil demand.
Brent crude futures rose 26 cents, or 0.4%, to $73.20 a barrel by 0141 GMT. U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.5%, to $69.77 per barrel.
Brent crude futures rose 26 cents, or 0.4%, to $73.20 a barrel by 0141 GMT. U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.5%, to $69.77 per barrel.
Sensex Today | Stock Market LIVE Updates | Stocks in news: RIL, NTPC Green, IndusInd Bank, Zomato, Vedanta
Markets saw a significant drop on Friday, losing almost one and a half percent as the correction phase continued. In today's trading, the stocks of RIL, NTPC Green, IndusInd Bank, Zomato, and Vedanta will be closely watched due to several news updates.
Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a positive start
GIFT Nifty on the NSE IX traded higher by 147.5 points, or 0.62 per cent, at 23,783.50, signaling that Dalal Street was headed for positive start on Monday.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro rose 0.6% to $1.0428
- The British pound rose 0.6% to $1.2575
- The Japanese yen rose 0.7% to 156.32 per dollar
Sensex Today | Stock Market LIVE Updates | Global markets watch
- The S&P 500 rose 1.1% as of 4:14 p.m. New York time
- The Nasdaq 100 rose 0.8%
- The Dow Jones Industrial Average rose 1.2%
- The MSCI World Index rose 0.8%
