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PremiumSensex Today | Share Market Live Updates: NSE Nifty hits record high of 21,603.40, registering an increase of almost 0.8%, or 160 points, while the S&P BSE Sensex was 0.75%, or 525 points, higher at 71,862.09. The S&P BSE Sensex closed at 71, 336.80 after touching the day’s high of 71,471.29 on Tuesday. The Sensex was up 229.80 points, or 0.32%. The broader Nifty advanced 91.95 points, or 0.43%, to 21,441.35. Gold prices steadied on Wednesday as trading was muted in the last week of the year. Oil prices were stable on Wednesday after the previous day's strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the area despite continued attacks and broader Middle East tensions. In the US, the S&P 500 rose 0.4% on Tuesday, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq composite ended 0.5% higher. The S&P 500 rose 20.12 points to 4,774.75. The Dow gained 159.36 points to 37,545.33, and the Nasdaq added 81.60 points to 15,074.57. With less than a week to go in 2024, the S&P 500 is now up more than 24% for the year, while the Nasdaq is up 44%. Major
Markets scaled new record highs as Sensex closed above 72,000 mark for the first time. Nifty hits 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 jump, at 72,038.43. Metal stocks helped the rally amid a broader positive cue in global markets. 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.
Markets scale new record heights as Sensex crossed 72,000 mark for the first time.SE Nifty hits record high of 21,673.80, registering an increase of almost 1.05%, or 225 points, while the S&P BSE Sensex was 1.01%, or 717 points, higher at 72,054.
The NSE Nifty was up at 21,669.55, registering an increase of 1.06%, or 228 points, while the S&P BSE Sensex was 1.01%, or 724 points, higher at 72,060.39.
European shares advanced on Wednesday as robust China data lifted miners, while tech stocks benefited from an overnight rally on Wall Street amid persisting optimism the Federal Reserve could begin cutting rates as early as next March. The pan European STOXX 600 gained 0.2% as of 0920 GMT, following an over 0.4% increase in major Wall Street indexes overnight.
Basic resources was amongst the top gainers, rising 0.8% as most base metal and iron ore prices advanced after data showed manufacturing activity in top consumer China improved last month. Energy stocks leaped 1.2%. The technology sector, which houses Europe's major chipmakers, jumped 0.8%, in line with their Wall Street peers. On the downside, telecoms and insurers fell 0.4% and 0.2%, respectively.
The STOXX 600's seven-week winning streak has helped push the pan-European benchmark up nearly 13% so far this year, with retailers and technology stocks amongst the best-performing sectors.
Markets are consolidating after the Nifty 50 hitting a record high of 21,603.40 in the Wednesday trading. Metal stocks helped the rally amid a broader positive cue in global markets.
The NSE Nifty was up at 21,583.60, registering an increase of 0.67%, or 142 points, while the S&P BSE Sensex was 0.67%, or 478 points, higher at 71,813.81.
UltraTech Cement is leading the Sensex rally, followed by Tata Motors, JSW Steel, Bharti Airtel, Tata Steel and IndusInd Bank.
UltraTech Cement is also leading the Nifty 50 rally with around 4% increase, followed by Hindalco, Bajaj Auto, Tata Motors and JSW Steel. The metals index rose 1%, rising for a fourth straight session and hitting a fresh all-time high. The mid-caps rose 0.83%, while small-caps gained 0.74%.
There were total 24 companies in green and six in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 37 of its constituents in the green and 13 in red and one unchanged.
Russian Deputy Prime Minister Alexander Novak on Wednesday said that analysts expect Brent crude oil prices in a range of $80 to $85 a barrel in 2024. Novak added that Russia and other producers were not targeting any specific price and that Russia was sticking to its obligations on oil supply cuts while ensuring stable work and development of its oil industry. Brent crude futures rose 15 cents, or 0.2%, to $81.22 a barrel by 0730 GMT, while US West Texas Intermediate crude eased 8 cents, or 0.1%, to $75.49 a barrel.
Markets are consolidating after the Nifty 50 hitting a record high of 21,603.40in the Wednesday trading. The NSE Nifty was up at
21,544.15, registering an increase of 0.48%, or 102 points, while the S&P BSE Sensex was 0.52%, or 371 points, higher at 71,706.87.
UltraTech Cement is leading the Sensex rally, followed by Tata Motors, JSW Steel, Bharti Airtel, Tata Steel and IndusInd Bank.
UltraTech Cement is leading the Nifty 50 rally with around 4% increase, followed by Hindalco, Bajaj Auto, Tata Motors and JSW Steel.
There were total 23 companies in green and seven in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 32 of its constituents in the green and 17 in red and one unchanged.
Larsen and Toubro's construction arm has been chosen as the contractor to establish various systems related to renewable energy generation and utilities, for the Amaala project in the Red Sea region of Saudi Arabia, the company informed stock exchanges on Wednesday. The order is valued in the range of ₹5,000-10,000 crore, the company said. Amaala is an ultra-luxury destination spanning an area of 4,155 sq km, including luxury hotels and luxury residential villas, apartments and estate homes, along with high-end retail establishments, fine dining, wellness and recreational facilities. The L&T stocks are tradig at 0.8% up at ₹3,517.50.
Oil prices were stable on Wednesday after the previous day's strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the area despite continued attacks and broader Middle East tensions. Brent crude futures rose 15 cents, or 0.2%, to $81.22 a barrel by 0730 GMT, while US West Texas Intermediate crude eased 8 cents, or 0.1%, to $75.49 a barrel.
Most emerging Asian currencies and equities gained on Wednesday, taking cues from a weaker US dollar and a rally on Wall Street on optimism that the US central bank could begin cutting rates as early as next March.
MSCI's emerging market currency index rose 0.2% to touch its highest level since April 2022. MSCI's emerging market Asia index advanced 0.5%, and was on track to post a yearly gain, snapping a two-year losing streak.
The Indonesian rupiah, one of the best-performing currencies in the region this year, rose 0.4% to a near one-month high, while the Taiwanese dollar strengthened 0.6% to its highest since July 14. Indonesian stocks gained 0.4% to hit their highest level since September 2022, while Taiwanese stocks advanced 0.8% to their highest since March 2022.
Markets are consolidating after the Nifty 50 hitting a record high of 21,603.40 in the Wednesday trading. The NSE Nifty was up at 21,566.30, registering an increase of 0.58%, or 125 points, while the S&P BSE Sensex was 0.60%, or 426 points, higher at 71,762.87.
UltraTech Cement is leading the Sensex rally, followed by Tata Motors, Bharti Airtel, JSW Steel, IndusInd Bank and Tata Steel.
Hindalco is leading the Nifty 50 rally with around 3.5% increase, followed by UltraTech Cement, Bajaj Auto, Tata Motors and Bharti Airtel.
There were total 21 companies in green and nine in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 35 of its constituents in the green and 14 in red and one unchanged.
Gold prices steadied on Wednesday as trading was muted in the last week of the year, but bullion was headed for its best year in three on expectation the US Federal Reserve will cut rates in the first quarter of 2024, Reuters report said. Spot gold was down 0.1% to $2,064.55 per ounce, as of 0611 GMT, not far from an over two-week high of $2070.39 hit on Friday. Bullion was on track to mark an over 10% gain this year - its best since 2020.
US gold futures rose 0.3% to $2,075.80 per ounce. Spot silver fell 0.3% to $24.12 per ounce, and looked set to mark a marginal gain of about 0.6% over the year. Platinum fell 0.2% to $976.69. Palladium rose 1.1% to $1,187.44. Both autocatalytic metals were on track to log a yearly decline with palladium eyeing a 34% fall - its worst since 2008.
An Ammonia gas leak from a subsea pipeline linked to Coromandel International in north Chennai has resulted in the illness among local residents, with several people hospitalised.
Coromandel International Limited, a Murugappa group company, said in a statement: "As part of routine operation, we noticed abnormality on 26/12/2023 at 23.30 hrs in the ammonia unloading subsea pipeline near shoreside, outside the plant premises. Our Standard Operating Procedure activated immediately, and we have isolated ammonia system facility and brought the situation to normalcy in the shortest time."
The stock recovered from the early lows and was trading 2.5% down at 1231.75 after the company issued clarification.
The company said, “few members in the local community expressed discomfort and were given medical attention immediately. All are safe and normalcy is restored. We have informed relevant authorities about the incident. Coromandel has always adhered to the highest safety standards and emergency response system."
The Reserve Bank of India will conduct a variable rate repo (VRR) auction for a third time in less than two weeks later on Wednesday as liquidity conditions stay tight and overnight rates remain elevated, Reusters reported. The RBI will conduct a two-day repo for ₹50,000 crore ($6 billion) later in the day based on "a review of current and evolving liquidity conditions", the central bank said.
The RBI had infused ₹1.75 trillion through a seven-day VRRR on December 22 and ₹ trillion in the prior week that matured on December 22.
Market participants expected the central bank to provide short-term cash infusion as the banking system liquidity deficit ballooned to near eight-year highs. The deficit was ₹2.68 trillion as of December 26, its highest level since April 2016.
Despite the liquidity infusion, overnight rates continue to remain above the marginal standing facility (MSF) rate of 6.75%, which is the upper end of the monetary policy corridor. The weighted average interbank call money rate was at 6.89% on Wednesday, while the weighted average TREPS rate was at 6.79%.
NSE Nifty hits record high of 21,602.50, registering an increase of almost 0.8%, or 160 points, while the S&P BSE Sensex was 0.75%, or 525 points, higher at 71,862.09.
Markets are gaining strength and trading higher at 12 noon, tracking gains in Asia and an overnight rally in US stocks. The NSE Nifty was up at 21,594.20, registering an increase of 0.67%, or 145 points, to hit all-time high, while the S&P BSE Sensex was 0.67%, or 479 points, higher at 71,815.38.
UltraTech Cement is leading the Sensex rally, followed by Tata Motors, Tata Steel, JSW Steel, Bharti Airtel and SBI.
Hindalco is leading the Nifty 50 rally with around 3.5% increase, followed by UltraTech Cement, Tata Motors, Tata Steel, and Bajaj Auto.
There were total 23 companies in green and seven in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 38 of its constituents in the green and 12 in red.
Tokyo stocks ended higher Wednesday as investors cheered gains on Wall Street overnight. The benchmark Nikkei 225 index added 1.13%, or 375.39 points, to end at 33,681.24, while the broader Topix index rose 1.13%, or 26.54 points, to 2,365.40.
Adani Energy Solutions Ltd won the Halvad transmission project in an auction and will spend ₹3,000 crore to build a line that will draw power from the Khavda park in Gujarat. The project will complete within two years, the company said in a filing on Wednesday.
The 301-km line, part of the national grid, will draw 7 GW of power from the park, according to the statement. The stock is trading in a positive territory with 1% gain at ₹1,052.
Shares of the Ludhiana-based auto components maker Happy Forgings Ltd listed with a premium of nearly 18% against the issue price of ₹850 on Wednesday. The stock made its debut at ₹1,001.25, reflecting a jump of 17.79% from the issue price on the BSE. It further rallied 20.75% to ₹1,026.45. At the NSE, it listed at ₹1,000, up 17.64%. Happy Forgings IPO received strong demand from investors across the board. The IPO was subscribed by an impressive 82.63 times.
Meanwhile, RBZ Jewellers' share price made a weak debut on the bourses. On NSE as well as BSE, it was listed at ₹100 per share, the same as its issue price. The IPO was subscribed 6.86 times.
Markets are gaining strength and trading higher at 11 am, tracking gains in Asia and an overnight rally in US stocks. The NSE Nifty was up at 21,584.20, registering an increase of 0.67%, or 143 points, while the S&P BSE Sensex was 0.66%, or 470 points, higher at 71,807.78.
UltraTech Cement is leading the Sensex rally with almost 3% rise, followed by Tata Motors, Tata Steel, JSW Steel, IndusInd Bank and SBI.
Hindalco is leading the Nifty 50 rally with around 3% increase, followed by UltraTech Cement, Tata Motors, Tata Steel, and Bajaj Auto.
There were total 27 companies in green and three in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 42 of its constituents in the green and eight in red.
Indian government bond yields were little changed on Wednesday, with volumes falling sharply. The 10-year benchmark bond yield was at 7.1852% as of 10:00 a.m., after closing at 7.1819% in the previous session.
The government bond market trading volume slumped to its lowest level in two months on Tuesday, and is expected to be low through Thursday, as prevailing benchmark levels do little to entice traders.
The U.S. 10-year bond yield was at 3.88% in Asian hours, Reuters reported.
The shares of Dish TV are focus as the shareholders of Dish TV India Ltd rejected the candidature of its remaining four independent directors, a rare instance at a listed company that found itself without a functional board for a brief while. The stock is trading 3.6% higher at 20.05.
Over 71% of shareholders voted against appointing Rajesh Sahni, Virender Tagra, Aanchal David and Shankar Aggarwal at Friday’s extraordinary general meeting (EGM), the country’s third-largest satellite television provider said in a stock exchange disclosure.
Asian shares mostly advanced on Wednesday, tracking Wall Street gains. US futures were lower and oil prices reversed their gains as tensions rose in the Middle East, a report from AP showed.
Tokyo’s Nikkei 225 index added 1.2% to 33,708.33 as details of a policy meeting by the Bank of Japan showed officials divided about the timing and need to shift away from the central bank’s longstanding lax monetary policy.
Hong Kong’s Hang Seng index rose 1.7% to 16,617.50 and the Shanghai Composite gained 0.4% to 2,911.70 with Chinese video gaming companies, including Tencent and NetEase, recouping losses in the first Hong Kong trading session. However, the gains were dwarfed by the losses from a broad sell-off on Friday.
NetEase's Hong Kong-traded shares gained 10.4%, after its Nasdaq-listed stock added 5.2% on Tuesday. Tencent's were up 5.9% in Hong Kong and Bilibili added 7.5%.
The Kospi in Seoul edged 0.1% lower to 2,601.44. In Sydney, the S&P/ASX 200 was 1% higher at 7,573.70 and Bangkok’s SET was up 0.1%.
Markets is trading higher at 10 am on Wednesday, tracking gains in Asia and an overnight rally in US stocks. The NSE Nifty was up at 21,558.35, registering an increase of 0.55%, or 117 points, while the S&P BSE Sensex was 0.52%, or 373 points, higher at 71,717.41.
UltraTech Cement is leading the Sensex rally with almost 3% rise, followed by JSW Steel, Bajaj Finance, L&T, and Tata Steel.
UltraTech Cement is also leading the Nifty 50 rally with almost 3% rise, followed by JSW Steel, Hindalco, Bajaj Finance and Bajaj Auto.
There were total 26 companies in green and four in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 41 of its constituents in the green and eight in red and one is unchanged.
Axis Bank files insolvency petition against Zee Learn Ltd before the National Company Law Tribunal. However, the stock is trading in a positive territory with a 0.77% increase at ₹6.55 in the early trade.
Markets opened higher on Wednesday, tracking gains in Asia and an overnight rally in US stocks. The NSE Nifty was up at 21,510.45, registering an increase of 0.32%, or 69 points, while the S&P BSE Sensex was 0.36%, or 254 points, higher at 71,588.48. There were total 22 companies in green and eight in the red at the Sensex showing a positive mood in the market. In the Nifty, there were 31 of its constituents in the green and 19 in losses.
Ammonia gas leaked from a fertiliser manufacturing unit at Ennore in north Chennai and several people have been hospitalised, official sources said here on Wednesday, a PTI report said.
Sensex is up in the opening with 200 points gain. The Nifty 50 is also up with 87 points gain. The S&P BSE Sensex closed at 71, 336.80 after touching the day’s high of 71,471.29 on Tuesday. The Sensex was up 229.80 points, or 0.32%. The broader Nifty advanced 91.95 points, or 0.43%, to close at 21,441.35.
Rupee is trading at 83.22 at the opening with a gain of 0.04%. The India rupee was down 3 paise to settle at 83.19 against the US dollar on Tuesday amid a strong US currency and outflow of foreign funds.
Sensex showing its positive trend in the pre-opening session with a gain of around 200 points. The S&P BSE Sensex closed at 71, 336.80 after touching the day’s high of 71,471.29 on Tuesday. The Sensex was up 229.80 points, or 0.32%. The broader Nifty advanced 91.95 points, or 0.43%, to close at 21,441.35.
Brent crude futures and US WTI crude futures slipped, though stood not too far from their respective one-month highs hit in the previous session as further attacks on ships in the Red Sea prompted fears of shipping disruptions.
Israel's war on Hamas will last for months, Israel's military chief said on Tuesday, while the United Nations voiced alarm over an escalation of Israeli attacks that killed more than 100 Palestinians over two days in part of the Gaza Strip.
Brent fell 27 cents to $80.80 a barrel, while U.S. crude lost 35 cents to $75.21.
Asian stocks rose broadly on Wednesday, tracking a rally from Wall Street as investors latched on to the year-end optimisms on Fed's likely rate cut next year.
Those bets have spurred a bout of risk taking and driven a rally in global equities, with MSCI's broadest index of Asia-Pacific shares outside Japan last up 0.6%.
The index was on track for a 2.3% gain this month and looked set to end the year roughly 2.5% higher, having clocked a 20% decline in 2022 - its worst performance since 2008, a Reuters report says. Japan's Nikkei rose 1.2%, while Hong Kong's Hang Seng Index was last up 0.9% in its first trading day after being closed for the Christmas and Boxing Day holidays.
Gold prices were flat on Wednesday, as trading remained muted amid expectations of interest rate cuts by the US Federal Reserve in the first quarter of 2024 and a generally weaker dollar.
The spot gold was steady at $2,066.86 per ounce, as of 0150 GMT. The US gold futures rose 0.4% to $2,078.20 per ounce. Bullion is on track to mark an over 10% gain this year - its best since 2020 - on safe-haven inflows driven by wars in Ukraine and the Middle East, coupled with bets for a cut in US interest rates. The spot silver rose 0.2% to $24.25 per ounce, while platinum was steady at $978.56. Palladium fell 0.3% to $1,176.49.
Trading is expected to remain muted for the whole week as many traders are out for holidays globally until the New Year.
Nifty 50 will likely open higher on Wednesday tracking gains in Asian peers, helped by bets of interest rate cuts by the US Federal Reserve, though market watchers expect some profit booking to continue.
GIFT Nifty was trading at 21,550 as of 8:05 a.m., suggesting the NSE Nifty 50 is set to open above its Tuesday's close of 21,441.35.
The NSE Nifty and BSE Sensex rose for the third straight session on Tuesday, helped by energy and metals stocks.
Analysts, however, expect the market to consolidate in the last week of 2023 with some investors booking profits, though the equities are anticipated to end the year on a positive note.
The indexes have gained 6.5% each so far this month, respectively, helped by strong domestic macroeconomic data, a return of foreign inflows, and moderation in oil prices.
US stocks extended their rally overnight on expectations that the Federal Reserve will begin cutting interest rates as soon as March.
Most Asian stocks rose on Wednesday, with MSCI's index of Asia-Pacific shares outside Japan climbing 0.65%.
Markets are pricing in a 70% chance of a 25 basis points rate cut from the Fed in March, according to the CME FedWatch tool, compared with a 21% chance at the end of November. (Reuters)
Bloomberg compiles some of the main moves in markets
Stocks
S&P 500 futures were little changed as of 8:12 a.m. Tokyo time
Nikkei 225 futures rose 0.6%
Australia’s S&P/ASX 200 rose 1.2%
Currencies
The Bloomberg Dollar Spot Index fell 0.2%
The euro was little changed at $1.1044
The Japanese yen was little changed at 142.34 per dollar
The offshore yuan was little changed at 7.1446 per dollar
Cryptocurrencies
Bitcoin rose 0.4% to $42,501.32
Ether rose 0.3% to $2,229.65
Bonds
Australia’s 10-year yield declined two basis points to 3.99%
Commodities
West Texas Intermediate crude fell 0.5% to $75.19 a barrel
Spot gold was little changed
The India rupee was down 3 paise to settle at 83.19 against the US dollar on Tuesday amid a strong US currency and outflow of foreign funds. A positive equity market sentiment and softer crude oil prices provided a cushion and restricted the fall in the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.17 and traded between a peak of 83.10 and a low level of 83.21 during intra-day deals. The local unit settled at 83.19 against the dollar, registering a loss of 3 paise from its previous close.
On Friday, the rupee settled at 83.16 against the dollar. Forex markets were closed on Monday on account of Christmas.
The rupee is likely to trade with a slight positive bias amid rising expectations of a reduction in interest rates by the US Federal Reserve.
The Gift Nifty showing a positive trend in the morning, indicating an uptrend in the BSE Sensex and NSE Nifty when they open for the morning trade. The 30-share BSE Sensex climbed 229.84 points, or 0.32% to settle at 71,336.80 on Tuesday. The broader Nifty advanced 91.95 points, or 0.43% to 21,441.35 with 41 of its constituents ending in the green and nine closing with losses in the previous day.
The S&P BSE Sensex closed at 71, 336.80 after touching the day’s high of 71,471.29 on Tuesday. The Sensex was up 229.80 points, or 0.32%. NTPC, M&M, Tata Steel, Kotak Bank, Wipro and Asian Paints were the top Sensex gainers. There were total 24 companies in green and only six in the red at the Sensex showing a positive mood in the market. The broader Nifty advanced 91.95 points or 0.43 per cent to 21,441.35 with 41 of its constituents ending in the green and nine closing with losses.
DivisLab topped the list of the Nifty 50 gainers, followed by Hero Motocorp, NTPC, M&M and Wipro are Nifty gainers.
US stocks notched more gains on Tuesday as Wall Street kicked off what's expected to be a quiet, holiday-shortened week of trading. The S&P 500 rose 0.4%, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq composite ended 0.5% higher.
The S&P 500 rose 20.12 points to 4,774.75. The Dow gained 159.36 points to 37,545.33, and the Nasdaq added 81.60 points to 15,074.57. With less than a week to go in 2024, the S&P 500 is now up more than 24% for the year, while the Nasdaq is up 44%.
Major European markets remained closed on Tuesday. In Asian markets, Seoul and Tokyo settled with gains while Shanghai ended lower. Markets in Hong Kong were closed.
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