Sensex Today | Share Market Live Updates: Sensex, Nifty scale new record highs

Markets closed at fresh highs on Thursday, fifth consecutive day of gains after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs on Thursday. The NSE Nifty was trading up at 21,778.70, registering an increase of 0.57%, or 123.95 points, after touching the day’s high of 21,801.45, while the S&P BSE Sensex was trading higher 0.52%, or 371.95 points, at 72,410.38 after hitting the day’s high of 72,484.34. Rupee rises 17 paise to settle at 83.17 (provisional) against US dollar.

The dollar fell across the board on Thursday with the Japanese yen, euro, and pound all at their strongest against the greenback in five months as bets the Federal Reserve will cut rates sharply in 2024 continued to drive markets.

The dollar index, which measures the US currency against six rivals, fell to a fresh five-month low of 100.76. The index is on course for a 2.6% decline this year, snapping two straight years of strong gains, says a report by Reuters.

The day's bigger mover was the Japanese yen. The dollar dropped 0.63% to 140.93 yen, its lowest since July. The euro was last at $1.1117, having touched a five-month peak of $1.1125 earlier in the session. Sterling rose to $1.2825, its highest since August. The Swiss franc firmed to 0.8380 per dollar, its strongest level since January 2015.

Markets are consolidating after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs on Thursday. The NSE Nifty was trading up at 21,761.85, registering an increase of 0.5%, or 107 points, after touching the day’s high of 21,776.90, while the S&P BSE Sensex was trading higher 0.48%, or 337 points, at 72,375.22 after hitting the day’s high of 72,435.70. 

Gold prices climbed to over three-week highs on Thursday. Spot gold was up 0.4% at $2,085.40 per ounce by 0800 GMT, its highest since a December 4 record of $2,135.40. It looked set for its best year in three with a gain of 14%. US gold futures edged up 0.2% to $2,096.40.

World shares gained on Thursday as market wagers on ever-more aggressive interest rate cuts stretched a rally in US stocks and bonds, while the dollar fell to five-month lows. European shares added 0.2% to approach a 23-month high hit two weeks ago, and were on course for gains of about 13% this year.

Wall Street was set for gains, too, with S&P 500 futures up 0.1% to another record high and Nasdaq futures firming 0.2%. The S&P 500 has climbed 14% in just two months to come within a whisker of its all-time closing peak, while its price to earnings ratio is up by a quarter on the year at 24.0.

The MSCI world equity index, which tracks shares in 47 countries, gained 0.3%.

The country has reported a substantial growth in coal production, touching 664.37 million tonnes during the fiscal year 2023-24 up to December 25, signifying a notable 12.29% increase compared to the same period last year.

According to a statement by the ministry of coal, in terms of coal dispatch, the cumulative achievement during the same period of FY' 2023-24 amounted to 692.84 MT, indicating a 11.32% growth compared to the corresponding period. This surge ensures a reliable coal supply for the power sector. As of December 25, 2023, the overall coal stock position, including mines, thermal power plants, transit, etc., has reached 91.05 MT, exhibiting a growth of 21.57%. Pithead Coal Stock at Coal India Limited (CIL) stands at 47.29 MT, showcasing a growth of 53.02%.

Retailer FirstCry's parent company Brainbees Solutionson on Thursday filed for an initial public offering to raise ₹1,816 crore, making it the first pure-play baby products and childcare retailer to go public in the country.

Brainbees Solutions will sell fresh shares in the IPO and so will other investors, including its biggest shareholder SoftBank, which held a 25.5% share in the company as of Dec. 27, draft IPO papers said.

SoftBank, which will sell 20.3 million shares at the IPO, sold a stake worth ₹600 crore in FirstCry this week, according to media reports. Other investors in FirstCry, including Mahindra And Mahindra and TPG, will also sell stakes.

Markets are consolidating after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs on Thursday. The NSE Nifty was trading up at 21,748.95, registering an increase of almost half percentage, or 94 points, after touching the day’s high of 21,776.75, while the S&P BSE Sensex was trading higher 0.37%, or 266 points, at 72,304.57 after hitting the day’s high of 72,435.70.

Oil prices steadied on Thursday after falling sharply in the previous session, as concerns eased about shipping disruptions along the Red Sea route even as tensions in the Middle East continued to rise. Brent crude futures inched up 2 cents to $79.75 a barrel by 0736 GMT, while US WTI crude futures were trading 3 cents lower at $74.08 a barrel. Prices dropped nearly 2% on Wednesday as major shipping firms began returning to the Red Sea.

Asian stocks were largely higher on Thursday, with Hong Kong leading the gains. Other than Japan, most Asian bourses were in positive territory with Shanghai, Seoul, Sydney, Taipei, Wellington, Jakarta, Manila, Singapore and Kuala Lumpur all rising.

Tokyo closed down almost half a percent, weighed by a strengthening yen, with the currency buoyed by expectations around the Fed's monetary policy and gaining more than 1.3%. Shanghai closed 1.4% up at 2,954.70.

Reserve Bank of India Deputy Governor Swaminathan J on Thursday flagged rising tendency of banks to depend on bulk deposits, which attract higher cost and therefore affects margins. Swaminathan urged banks to effectively manage their interest rate risks, and said they will have have a tough time if they depend too much on higher-priced bulk deposits, PTI reports. When interest rates decline, these long-term large deposits will still have to be managed and that can lead to lower profits and lower margins, he said.

Markets are consolidating after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs on Thursday. The NSE Nifty was trading up at 21,756.35, registering an increase of almost half percentage, or 102 points, after touching the day’s high of 21,771.75, while the S&P BSE Sensex was trading higher 0.48%, or 478 points, at 72,373.28 after hitting the day’s high of 72,427.66. 

Nestle is leading the Sensex rally, followed by NTPC, PowerGrid, M&M and Tata Motors. Coal India is leading the Nifty 50 rally with around 2% increase, followed by Nestle India, Britannia, NTPC and BPCL. 

Gold prices climbed to over three-week highs on Thursday, as the US dollar and bond yields hit multi-month lows on mounting bets of U.S. interest rate cuts as soon as March. Spot gold was up 0.4% at $2,084.89 per ounce by 0615 GMT, its highest since a December 4 record of $2,135.40. It looked set for its best year in three with a gain of 14%. US gold futures edged up 0.1% to $2. Spot silver rose 0.5% to $24.38 per ounce and was poised to end the year with an about 1.5% gain. Platinum steadied near more than six-month high levels at $996.56. Palladium rose 0.4% to $1,158.33, but was on track for its biggest yearly decline since 2008.

Japan's Nikkei share average snapped a four-session winning run on Thursday, as investors sold stocks after sharp gains in the previous session, while a stronger yen against the US dollar also weighed on market sentiment. The Nikkei fell 0.42% to 33,539.62 after a more than 1% jump in the previous session. The broader Topix edged down 0.14% to 2,362.02. Meanwhile, Australian shares tracked global markets higher to close at their highest level in 20 months on rising bets that key central banks will start trimming interest rates early next year. Mining and banking stocks lifted the S&P/ASX 200 index 0.7% to 7,614.30 points, its highest closing level since late April 2022. The benchmark, which closed 0.8% higher on Wednesday, was on track to end the year with gains.

Markets are consolidating after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs. The NSE Nifty was trading up at 21,731.20, registering an increase of 0.35%, or 76.45 points, after touching the day’s high of 21,759.05, while the S&P BSE Sensex was trading higher 0.38%, or 262 points, at 72,301.03 after hitting the day’s high of 72,406.75. 

NTPC is leading the Sensex rally, followed by PowerGrid, Nestle, HDFC Bank and Bharti Airtel. The top losers are Ultra Cement, Maruti, Infosys, Asian Paints and L&T.

Coal India is leading the Nifty 50 rally with around 2% increase, followed by HeroMotocorp, NTPC, BPCL and Hindalco. The laggards are Tech Mahindra, Infosys, Axis Bank, Grasim and Eicher Motors. 

The rupee was slightly up on Thursday, in anticipation to the US Federal Reserve's rate cut early next year. The rupee was quoted at 83.2650 to the dollar by 11:10 am, up from 83.3450 on Wednesday, helped by the dollar index's drop to 101.76 and an uptick in Asian currencies. The local unit is down 0.7% year-to-date, on course to post its sixth straight annual decline. This losing run is likely to come to a halt in 2024, according to some analysts.

Housing sales rose 31% this year to nearly 477,000 units, an all-time high, across seven major cities, despite price appreciation by an average 15%, and higher mortgage rate, according to Anarock. Almost all housing stocks such as DLF, Sobha, Godrej Properties are riding high on the sales boom.

Promoter feud at Pune-based Finolex Cables Ltd has led to the rejection of two independent directors. Over 93% of promoter votes were cast against the resolutions ratifying the appointment of Achyut Dhadphale as non-executive non-independent director and Kshtija Wadatkar as non-executive independent director, voting data from a stock exchange disclosure showed. The stock is trading at 1,067, almost flat from the previous day's trade.

Markets are consolidating after the S&P BSE Sensex and the NSE Nifty 50 hitting record highs. The NSE Nifty was trading up at 21,691.80, registering an increase of 0.17%, or 37 points, after touching the day’s high of 21,759.05, while the S&P BSE Sensex was trading higher 0.22%, or 158.27 points, at 72,196.70 after hitting the day’s high of 72,406.75. 

NTPC is leading the Sensex rally, followed by Titan, M&M, HDFC Bank and PowerGrid. The top losers are Axis Bank, Tech Mahindra, Infosys, Maruti and L&T. Coal India is leading the Nifty 50 rally with around 2% increase, followed by HeroMotocorp, NTPC, BPCL and Hindalco. The laggards are Tech Mahindra, Infosys, Axis Bank, Grasim and Eicher Motors. 

Gold prices climbed on Thursday to highest in more than 3 weeks as the US dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start cutting interest rates as soon as next March, a report from Reuters said. Spot gold was up 0.5% at $2,086.69 per ounce, as of 0406 GMT, hitting its highest since December 4, when prices raced to a record high of $2,135.40. It looked set to mark its best year in three with a 14% gain. US gold futures rose 0.2% to $2,096.50 per ounce. Spot silver rose 0.7% to $24.42 per ounce and was poised to end the year with a near 2% annual gain. Platinum rose 0.2% to hit a more than six-month high of $999.00. Palladium rose 0.2% to $1,156.16, but was on track for its biggest yearly decline since 2008.

Online delivering platform Zomato Ltd share price opened in the red after it receiving GST notice for ₹402 crore. The company said that on December 28, it has received a show cause notice from the Goods and Services Tax (GST) office for supposed tax liability of ₹401.7 crore, in addition to interest and penalty on the delivery fee collection from its customer from the period of 29 October 2019 to 31 March 2022. The shares are trading at 124.30, a decrease of around 2.16% from the previous day's trade. 

Azad Engineering's IPO made a decent stock market debut on Thursday as the shares were listed at ₹720 apiece on the National Stock Exchange, a premium of 37.40% to the issue price of ₹524 per share. On BSE, Azad Engineering shares began trading at ₹710.00 apiece, witnessing a premium of 35.50% to the issue price.

The S&P BSE Sensex and the Nifty 50 scaled new highs on Thursday opening with Sensex rising 316 points, or 0.44%, at 72,335.19, expecting the positive trend continues for the rest of the day. The NSE Nifty is trading 81 points, or 0.38%, up at 21,736.10. M&M is leading the Sensex, Nifty counters in the morning trade. 

The rupee rose 8 paise to 83.26 against the US dollar in early trade, tracking a weak American currency against major overseas rivals. At the interbank foreign exchange, the rupee opened at 83.33 and gained further to 83.26 against the dollar, registering a rise of 8 paise from its previous close. On Wednesday, the domestic currency settled at 83.34 against the dollar.

The South Indian Bank's board has approved a proposal for fundraising for up to ₹1,750 crore via share issue on a right basis. The stock is trading at 27.20, an increase of around 2% from the previous day's trade.

The S&P BSE Sensex scaled new highs after opening in green with Sensex rising around 300 points, or 0.42%, at 72,335.26, expecting the positive trend continues for the day. The NSE Nifty is trading 84 points, or 0.4%, up at 21,738.75.

The S&P BSE Sensex opened in green with 194.55 points up at 72,232.98, expecting the positive trend continues for the day. The NSE Nifty opened 58.05 points at 21,712.80. Markets scaled new record highs on Wednesday as Sensex closed above 72,000 mark for the first time. Nifty hit a record high of 21,654.75, registering an increase of 1%, or 213 points, while the S&P BSE Sensex was up almost 1%, or 701 points, to close at 72,038.43 in the previous day's trade.

In the pre-opening session, the S&P BSE Sensex opened in green with 82 points up at 72120, expecting the positive trend continues for the day. Markets scaled new record highs on Wednesday as Sensex closed above 72,000 mark for the first time. Nifty hit a record high of 21,654.75, registering an increase of 1%, or 213 points, while the S&P BSE Sensex was up almost 1%, or 701 points, to close at 72,038.43 in the previous day's trade. 

Gold prices climbed to a three-week high on Thursday as the US dollar and bond yields touched multi-month lows on mounting bets that the US central bank will start to cut interest rates as early as March next year, says a Reuters report. Spot gold was up 0.5% at $2,086.66 per ounce, as of 0211 GMT, hitting its highest since December 4, when prices raced to a record high of $2,135.40. US gold futures rose 0.2% to $2,097.10 per ounce. Bullion looked set to log its best year in three with a 14% gain, as the war in Ukraine and tensions in the Middle East boosted safe-haven inflows and bets of US rate cuts lifted the metal's appeal.

Oil prices rose in early Asian trade on Thursday as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms said they were returning to the Red Sea route. Brent crude futures climbed 20 cents, or 0.3%, to $79.85 a barrel by 0133 GMT. U.S. WTI crude futures were up 24 cents, or 0.3%, at $74.35 a barrel. Prices dropped nearly 2% on Wednesday as major shipping firms began returning to the Red Sea.

The rupee declined 15 paise to settle at 83.34 against the US dollar on Wednesday due to sustained outflow of foreign funds and increased demand for American currency from importers and banks, PTI reports.

At the interbank foreign exchange, the domestic currency opened at 83.21 and traded between the peak of 83.20 and the lowest level of 83.35 against the dollar during intra-day deals. The local unit finally settled at 83.34 against the greenback, registering a fall of 15 paise from its previous close. On Tuesday, the domestic currency settled at 83.19 against the dollar.

Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said the Indian rupee depreciated on dollar demand from foreign banks and importers.

"USD-INR spot price is expected to trade in a range of ₹83 to ₹83.70," he said.

Global stocks mostly rose on Wednesday with a positive year-end mood continued. The Dow Jones Industrial Average led gains on Wall Street, advancing 0.3% to finish at another all-time high of 37,665.52. In European markets, London leading the way as it closed 0.4% higher. Hong Kong also returned from a long break to close 1.7% higher.

In other major markets, S&P 500 closed up at 0.1% at 4,781.58, Nasdaq closed up 0.2% at 15,099.18; FTSE 100 was up 0.4% at 7,724.95. The Frankfurt DAX closed 0.2% up at 16,742.07 and EURO STOXX 50 was also up 0.2% at 4,528.38. In Asia, Nikkei 225 was up 1.1% to close at 33,681.24 on Wednesday. Hang Seng Index jumped 1.7% at 16,624.84 and Shanghai Composite registered a 0.5% rise to close at 2,914.61 on Wednesday.

Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, but also left plenty of scope for disappointment next year, says Reuters report. MSCI's broadest index of Asia-Pacific shares outside Japan has gained 10% in two months and added another 0.3% on Thursday to its highest since August.

Japan's Nikkei was off 0.4% as a rebound in the yen has kept its gains for December to a minimum. Chinese shares have generally missed out on the global cheer as foreign investors shun the country, worried about economy's faltering recovery and tensions with the United States. Blue chips were up 0.5% on Thursday, but are down 4% for December so far.

The Gift Nifty indices open in green indicating a positive opening for other major Indian markets. Market experts and investors are expecting the Sensex and the Nifty 50 to scale new heights after hitting record highs on Wednesday's trading. 

Markets expected to scale new record heights today when they open for trade. Markets scaled new record highs on Wednesday as Sensex closed above 72,000 mark for the first time. Nifty hit a record high of 21,654.75, registering an increase of 1%, or 213 points, while the S&P BSE Sensex was up almost 1%, or 701 points, to close at 72,038.43 on Wednesday. Metal stocks helped the rally amid a broader positive cue in global markets. Mainly, large-cap stocks drove the markets to fresh highs on Wednesday, as both foreign portfolio investors and direct retail investors stepped up buying. There were total 27companies in green and three in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 39 of its constituents in the green and 10 in red and one unchanged. The rupee falls 16 paise to settle at 83.35 (provisional) against US dollar.