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Business News/ Markets / Live Blog/  Market highlights: Nifty closes above 21,300, Sensex up 240 pts; IT stocks soar
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Market highlights: Nifty closes above 21,300, Sensex up 240 pts; IT stocks soar

Sensex Today | Share Market Live Updates: At close, the Sensex was up 241.86 points or 0.34% at 71,106.96, and the Nifty was up 94.40 points or 0.44% at 21,349.40.

Sensex Today | Share Market Live Updates: US markets closed higher on Thursday as economic data fueled optimism that the Fed would ease monetary policy.Premium
Sensex Today | Share Market Live Updates: US markets closed higher on Thursday as economic data fueled optimism that the Fed would ease monetary policy.

Sensex Today | Share Market Live Updates: Indian indices opened slightly in the green on Friday but turned volatile in the afternoon before ending the day in positive territory. At close, the Sensex was up 241.86 points or 0.34% at 71,106.96, and the Nifty was up 94.40 points or 0.44% at 21,349.40.

Top gainers on the Nifty included LIC, GAIL, Wipro, HCL Technologies, Tata Motors, Hero MotoCorp and Tech Mahindra, while losers included Grasim Industries, SBI Life Insurance, Bajaj Finance and HDFC Bank. All sectoral indices except Nifty Bank ended in the green. The BSE Midcap index rose 0.7% and Smallcap 1%.

Tokyo stocks trimmed early gains and closed only marginally higher on Friday as markets overseas move into the holiday season. The Nikkei 225 edged up 0.09% or 28.58 points to end at 33,169.05, while the broader Topix index added 0.45% or 10.45 points to 2,336.43.

US markets closed higher on Thursday as economic data fueled optimism that the Fed would ease monetary policy. The Nasdaq rose 1.3%, the S&P 500 1%, and the Dow Jones 0.9%.

The US Q3 GDP numbers were not as robust as originally stated, but revised downward, and cracks seemed to be appearing in the tight labor market, which the Fed considers an obstacle to cooling inflation. The focus now shifts to the personal consumption expenditures (PCE) report due later today.

22 Dec 2023, 03:43:07 PM IST

Sensex Today Live: Rupee rises 12 paise to settle at 83.15 against US dollar

The rupee ended 12 paise higher at 83.15 per dollar from Thursday's close of 83.27.

22 Dec 2023, 03:39:21 PM IST

Sensex Today Live: Euro zone bonds slip from multi-month highs ahead of US inflation data

Euro zone bond prices fell slightly ahead of the release of the Federal Reserve's preferred measure of inflation after hitting their highest levels in more than nine months the previous day.

22 Dec 2023, 03:36:57 PM IST

Sensex Today Live: Indices close in the green

At close, the Sensex was up 241.86 points or 0.34% at 71,106.96, and the Nifty was up 94.40 points or 0.44% at 21,349.40.

22 Dec 2023, 03:20:34 PM IST

Sensex Today Live: Colin Shah, MD, Kama Jewelry on third tranche of sovereign gold bond

"The successful closure of the initial tranche of the sovereign gold bond (SGB) at a CAGR of 10.8%, coupled with an additional annual interest of 2.5%, serves as a noteworthy testament of the popularity of this asset class among investors. The incorporation of a 50% discount for transactions conducted through digital modes further enhances its attractiveness. Given 

"India's status as the world's leading consumer of gold, SGBs have emerged as a compelling avenue for diversifying investment portfolios. Investors stand to benefit in the long term from the potential capital appreciation of gold prices, all while mitigating concerns related to the security associated with physical gold holdings."

22 Dec 2023, 03:18:39 PM IST

Sensex Today Live: Nifty IT index surges more than 2%

Wipro, Persistent and Mphasis led the gains.

Source: NSE
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Source: NSE
22 Dec 2023, 03:06:21 PM IST

 Sensex Today Live: GAIL stock soars 8% to new all-time high

Shares of GAIL (India) hit a new all-time high after rallying 8% on the BSE.

22 Dec 2023, 03:03:31 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was up 322.25 points or 0.45% at 71,187.35, and the Nifty was up 108.60 points or 0.51% at 21,363.60.

22 Dec 2023, 02:46:53 PM IST

Sensex Today Live: Easy Trip Planners picks 13.39% stake in Eco Hotels and Resort

Easy Trip Planners has acquired a 13.39% stake in Eco Hotels and Resorts in a 1:1 share swap, the company said in a regulatory filing.

22 Dec 2023, 02:34:12 PM IST

Sensex Today Live: Gold near three-week peak on Fed rate cut bets

Gold prices hit a nearly three-week high on Friday as rising bets on Fed rate cuts early next year pushed the dollar and bond yields lower ahead of eagerly awaited US inflation data.

Spot gold was up 0.2% at $2,049.20 per ounce as of 0513 GMT, after hitting its highest level since 4 December earlier in the session. Gold is up 1.6% so far this week.

22 Dec 2023, 02:31:57 PM IST

Sensex Today Live: Asian Paints reports minor fire at under-construction plant

Asian Paints reports minor fire at its plant under construction at Ankleshwar, Gujarat.

22 Dec 2023, 02:16:09 PM IST

Sensex Today Live: UK stocks slip in Christmas-shortened session, all eyes on US data

British equities slipped in early trading on Friday following a dour GDP reading, though they were set for weekly gains. Investors braced for the latest US inflation data, due later in the day.

22 Dec 2023, 02:06:50 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was down 21.04 points or 0.03% at 70,844.06, and the Nifty was up 8.50 points or 0.04% at 21,263.50.

22 Dec 2023, 02:04:29 PM IST

Sensex Today Live: KPI Green Energy jumps more than 4% as subsidiary wins 1.80 MW solar contract

KPI Green Energy shares are up more than 4% after the company announced it had received new orders from a private entity for a 1.8MW solar power project for its wholly owned subsidiary.

In a stock exchange filing, the company said its KPIG Energia Pvt Ltd received the order from Radhamohan Dyeing and Printing Mills Pvt Ltd, under the captive power producer (CPP) segment.

22 Dec 2023, 01:49:38 PM IST

Sensex Live Today: UK economy shrinks in Q3 as GDP contracts 0.1%, shows signs of recession

Britain's gross domestic product shrank in July-September and was flat in the previous three months, according to updated official figures that suggested the economy may now be in a recession.

22 Dec 2023, 01:34:33 PM IST

Sensex Today Live: Polycab tanks 5% amid reports of I-T raids 

Shares of Polycab India are down around 5% at 5,365 after reports said income tax teams are conducting searches at more than 50 of its premises across India.

22 Dec 2023, 01:22:38 PM IST

Sensex Today Live: Oil extends weekly gains, up 1% as Red Sea tension persists

Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over the group's effectiveness in supporting prices.

Brent crude futures were up 70 cents, or 0.9%, to $80.09 a barrel by 0700 GMT, while U.S. West Texas Intermediate crude futures were up 66 cents, or 0.9%, at $74.55 a barrel.

Both contracts have risen for a second week, each up over 4%, as shipping concerns buoyed prices.

22 Dec 2023, 01:06:14 PM IST

Sensex Today Live: BEL bags orders worth ₹2,673 crore

Bharat Electronics (BEL) has received orders worth 2,673 crore from Goa Shipyard Limited and Garden Reach Shipbuilders & Engineers for 14 types of sensors used in next generation offshore patrol vessels. It has also received additional orders worth 86.15 crore.

22 Dec 2023, 01:04:17 PM IST

Sensex Today Live: 1 pm market update 

At 1 pm the Sensex was up 294.00 points or 0.41%  at 71,159.10, and the Nifty was up 96 points or 0.45% at 21,351.

22 Dec 2023, 12:45:53 PM IST

Sensex Today Live: Tokyo stocks close slightly higher

Tokyo stocks trimmed early gains and closed only marginally higher on Friday as markets overseas move into the holiday season.The benchmark Nikkei 225 index edged up 0.09% or 28.58 points to end at 33,169.05, while the broader Topix index added 0.45% or 10.45 points to 2,336.43.

22 Dec 2023, 12:42:35 PM IST

Sensex Today Live: Dollar finds its feet as US inflation test looms

The dollar stabilised above a more than four-month low on Friday, with a key US inflation gauge due later in the day that could offer clarity on how much room the Fed has to cut interest rates next year.

The dollar hit a five-month low against the New Zealand dollar and a three-week low against the euro in early Asia trade before turning positive later in the session.

22 Dec 2023, 12:25:45 PM IST

Sensex Today Live: Railtel stock up 3% on ₹66-crore order from NF Railway Construction

Railtel shares have rallied over 3% after the company received a 66.83-crore work order from NF Railway Construction.

22 Dec 2023, 12:13:57 PM IST

Sensex Today Live: Kaynes Technology stock in focus

Kaynes Technology has approved the allocation of 57.75 lakh equity shares as part of its QIP. The issue price is 2,424, a 1.06% discount to the floor price.

22 Dec 2023, 12:05:09 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was up 358.58 points or 0.51% at 71,223.68, and the Nifty was up 127.80 points or 0.60% at 21,382.80.

22 Dec 2023, 11:56:12 AM IST

Sensex Today Live: SBI to sign $165 million line of credit from World Bank

State Bank of India will sign on Friday a $165 million line of credit from World Bank to support grid-connected rooftop solar PV projects in the residential and institutional sectors.

22 Dec 2023, 11:38:25 AM IST

Sensex Today Live: Govt extends import-duty relief on masur dal by a year 

The government, which is battling high food inflation, has extended the exemption from the agriculture and infrastructure development cess on imported masur dal by a year, according to an order from the Central Board of Indirect Taxes and Customs (CBIC). The exemption, effective since October 2021, will now last until 31 March 2025.

22 Dec 2023, 11:33:11 AM IST

Sensex Today Live: Zomato stock up almost 2%

The company has denied reports that it acquired Shiprocket for $2 billion. It said it continues to focus on the existing business and has no plans to make an acquisition at this point.

22 Dec 2023, 11:17:59 AM IST

Sensex Today Live: PMLA court grants bail to former Yes Bank chief Rana Kapoor: report

A PMLA court has granted bail to former Yes Bank chief Rana Kapoor on a 3 lakh bond, CNBC-TV18 reported.

22 Dec 2023, 11:09:31 AM IST

Sensex Today Live: Allcargo Logistics surges 10% as board approves business restructuring

The boards of Allcargo Logistics and Allcargo Gati on Thursday approved the restructuring of the two businesses, under which the international supply chain business will be hived off into a separate entity called Allcargo ECU Ltd.

22 Dec 2023, 11:05:49 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 361.77 points or 0.51% at 71,226.87, and the Nifty was up 128.80 points or 0.61% at 21,383.80.

22 Dec 2023, 10:52:28 AM IST

Sensex Today Live: Adani Green Energy gains on planned $1-billion investment from parent group

Adani Green Energy is up nearly 1% a day after Bloomberg reported that the parent group was planning to invest $1 billion into the renewable arm, driving the stock up 4%. According to the report, Gautam Adani and his family plan to inject $1 billion into the renewable energy unit as part of the group's aim to achieve its "ambitious green goals while facing maturing bonds next year". The company aims to hit 45 gigawatts of green-energy capacity by 2030.

22 Dec 2023, 10:35:50 AM IST

Sensex Today Live: Tata Motors stock zooms 3%

Tata Motors' stock is up around 3% after the BSE and NSE have granted a no-objection certification for the cancellation of Tata Motors DVR shares. Sebi has issued multiple comments on the draft scheme of arrangement.

22 Dec 2023, 10:19:04 AM IST

Sensex Today Live: Rupee up 2 paise to 83.25 against US dollar

The rupee rose 2 paise to 83.25 against the US dollar in early trade on Friday, tracking lower greenback on the back of easing US bond yield. However, muted trend in domestic equity markets, unabated outflow of foreign funds and increased volatility in crude oil prices triggered by geopolitical situation put pressure on the Indian currency, forex traders said.

22 Dec 2023, 10:14:11 AM IST

Sensex Today Live: 360 ONE WAM stock in focus

The company has entered into a share purchase agreement with MAVM Angels to acquire the remaining 9% stake and make it a wholly owned subsidiary. 360 ONE WAM acquired a 91% stake in the company in November 2022.

22 Dec 2023, 10:02:54 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was up 209.08 points or 0.30% at 71,074.18, and the Nifty was up 79.30 points or 0.37% at 21,334.30.

22 Dec 2023, 10:00:25 AM IST

Sensex Today Live: IT officials search Polycab India premises across India, reports CNBC-TV18

The income tax department is conducting searches at 50 premises of Polycab India across India, reports CNBC-TV18.

22 Dec 2023, 09:47:09 AM IST

Sensex Today Live: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The market signal is that Wednesday’s sharp correction was a one-day event and not a reversal of the uptrend. This confirms the success of the buy on dips strategy, which has played out consistently in the ongoing rally. Global cues continue to be favourable with the dollar index below 102 and the US 10-year bond yield hovering around 3.9%.

“The concern in the market now is the excessive valuations in the mid and small cap segments. Retail exuberance and sustained flows into the mid and small cap mutual funds are driving this rally, which has slipped into a frothy zone. This broader market rally cannot continue for long. Safety is as important as returns. Undoubtedly safety is in large caps now. Going forward, large caps are likely to outperform mid and small caps."

22 Dec 2023, 09:45:41 AM IST

Sensex Today Live: Suven Pharmaceuticals stock in focus

Himanshu Agarwal will be appointed CFO of the company from January 2, replacing Subba Rao Parupalli, who has resigned. Agarwal previously worked with Akzo Nobel India, Astra Zeneca Pharma and Bennett & Coleman.

22 Dec 2023, 09:32:55 AM IST

Sensex Today Live: IIFL Finance block deal

About 2.4 crore shares (6.5% of equity) worth 1,358 crore of the company have changed hands at an average of 555, CNBC-TV18 reported.

22 Dec 2023, 09:26:18 AM IST

Sensex Today Live: LIC stock hits 52-week high

On Thursday the company said the Department of Economic Affairs has given it 10 years to achieve a minimum of 25% public shareholding instead of the usual three years. The government said the decision was taken in the “public interest".

22 Dec 2023, 09:21:59 AM IST

Sensex Today Live: MOIL stock in focus

The state-owned manganese ore mining company announced that production crossed 16 lakh tonnes this calendar year (as of 20 December), 26% higher than the previous record, set in 2019.

22 Dec 2023, 09:18:32 AM IST

Sensex Today Live: Market opens

At open, the Sensex was up 18.36 points or 0.03% at 70,883.46, and the Nifty was up 16.30 points or 0.08% at 21,271.30.

22 Dec 2023, 09:03:59 AM IST

Sensex Today Live: Bata India stock in focus

The footwear company said Pankaj Gupta will resign as head of retail and franchisee operations and move to a global position in the Bata group from 1 March 2024.

22 Dec 2023, 08:42:05 AM IST

Sensex Today Live: GMR Airports Infrastructure stock in focus

Its subsidiary GMR Airports signed an agreement with the National Investment and Infrastructure Fund (NIIF) to invest 675 crore in the upcoming airport at Bhogapuram in Andhra Pradesh.

22 Dec 2023, 08:31:46 AM IST

Sensex Today Live: Gold extends gains after US data spurs Fed rate-cut prospects

Gold prices gained on Thursday as US Treasury yields retreated after economic data fuelled expectations for the Federal Reserve to cut interest rates in March next year. Spot gold was up 0.6% at $2,041.27 per ounce as of 1735 GMT. US gold futures rose 0.3% to $2,053.20.

22 Dec 2023, 08:17:34 AM IST

Sensex Today Live: Dollar sinks ahead of US inflation test

The dollar languished near a more than four-month low on Friday. A reading on a key US inflation gauge due later in the day will provide further clarity on how much room the Fed has to cut interest rates next year.

The greenback hit a five-month low against the New Zealand dollar and a three-week low against the euro in early Asia trade, resuming its decline after a sudden bout of risk aversion in New York hours on Wednesday led to a selloff in US stocks and a rise in the dollar.

22 Dec 2023, 07:53:44 AM IST

Sensex Today Live: LIC stock in focus

The Department of Economic Affairs has granted the company 10 years to achieve a minimum of 25% public shareholding instead of the usual three years. It said the decision was taken in the “public interest".

22 Dec 2023, 07:29:28 AM IST

Sensex Today Live: Sensex, Nifty likely to open higher

The GIFT Nifty is trading at a premium of more than 40 points over Nifty Futures' Thursday close, indicating a start in the green for the Indian market.

22 Dec 2023, 07:29:28 AM IST

Sensex Today Live: Oil set for weekly gain as Red Sea attacks, OPEC unity in focus

Oil is poised to advance for a second week as shippers avoid the Red Sea amid increased attacks, while Angola’s exit from OPEC put the spotlight on the group’s unity.

West Texas Intermediate traded near $74 a barrel and is set for a second weekly gain after notching a string of seven declines. Tanker traffic in the Red Sea has plummeted after Iran-backed Houthi rebels in Yemen increased attacks on vessels in the region. Angola announced it’s leaving OPEC after 16 years, highlighting tensions within the producer group as it seeks to limit output going into the new year.

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