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Business News/ Markets / Live Blog/  Market Highlights: Sensex, Nifty close flat again as IT stocks tumble
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Market Highlights: Sensex, Nifty close flat again as IT stocks tumble

Sensex Today | Share Market Live Updates: At close the Sensex was down 77.54 points or 0.12% at 65,970.04, and the Nifty was down 11.45 points or 0.06% at 19,790.55. LIC's stock surged almost 10%, while most IT stocks fell and pharma stocks made big gains

Sensex Today | Share Market Live Updates: US markets were shut on Thursday on account of Thanksgiving. They will be open for half a day of trade todayPremium
Sensex Today | Share Market Live Updates: US markets were shut on Thursday on account of Thanksgiving. They will be open for half a day of trade today

Sensex Today | Share Market Live Updates: Indian benchmark indices remained largely flat for the second straight day on Friday. At close the Sensex was down 77.54 points or 0.12% at 65,970.04, and the Nifty was down 11.45 points or 0.06% at 19,790.55. LIC's stock surged almost 10%, while most IT stocks fell and pharma stocks made big gains.

Diverse trends emerged across Asian markets. Tokyo shares closed higher as investors took heart from a rebound on Wall Street and the yen's slight depreciation against the dollar. South Korea’s KOSPI fell slightly while Hong Kong’s Hang Seng also declined. 

Brent crude futures rose in early Asian trade, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts. US West Texas Intermediate crude slid 38 cents, or 0.5%, to $76.72 from the previous session.

Gold prices edged higher and were on track for their second consecutive weekly gain, supported by a weaker US dollar as markets grew confident that the Federal Reserve is done with its interest-rate hikes.

US markets were shut on Thursday on account of Thanksgiving. They will be open for half a day of trade today.

24 Nov 2023, 03:31:43 PM IST

Sensex Today Live: Indices close flat for second straight day

At close on Friday the Sensex was down 77.54 points or 0.12% at 65,970.04, and the Nifty was down 11.45 points or 0.06% at 19,790.55.

24 Nov 2023, 03:22:39 PM IST

Sensex Today Live: European markets flat to marginally down

The FTSE 100 is down 0.36%, while the DAX Performance Index is down 0.08%.

24 Nov 2023, 03:09:41 PM IST

Sensex Today Live: Public-sector insurers see strong rally

LIC isn't the only public-sector insurance company experiencing a strong rally. New India Assurance's stock is up 17% today and a whopping 53% in the past fortnight.

 

24 Nov 2023, 03:05:36 PM IST

Sensex Today Live: Gold futures rise ₹38 to ₹61,110 per 10 gm

Gold prices rose by 38 on Friday to 61,110 per 10 grams in futures trade. Gold contracts for December delivery traded higher by 38 or 0.06% at 61,110 per 10 gram in a business turnover of 4,815 lots on the Multi Commodity Exchange.

24 Nov 2023, 03:00:36 PM IST

Sensex Today Live: Tata Technologies IPO a huge hit with investors

The first Tata Group IPO in more than 20 years has been subscribed 55 times so far.

24 Nov 2023, 02:49:19 PM IST

Sensex Today Live: Defence stocks surge 

HAL's stock is up 4.51% at 2,242.95. Other defence stocks are up, too, on reports that the governnment is set to give preliminary approval to three huge projects worth a combined 1.4 trillion.

24 Nov 2023, 02:44:34 PM IST

Sensex Today Live: Gland Pharma stock jumps

Gland Pharma has received an establishment inspection report (EIR) from the US drug regulator after the inspection of its Hyderabad facility, the company said in an exchange filing. The stock was up 6% at one point today and is now trading 2.3% in the green.

24 Nov 2023, 02:40:55 PM IST

Sensex Today Live: India to be among first with Asia rate cuts: Morgan Stanley

Morgan Stanley said it expects Asian central banks, particularly India's and Indonesia's, to start cutting interest rates from next June. Inflation in these countries has stabilised, allowing for a reduction in relatively high real interest rates, read a report by Morgan Stanley economists.

24 Nov 2023, 02:29:59 PM IST

Sensex Today Live: LIC shares zoom 10% on best day since listing

Shares of Life Insurance Corporation (LIC) are up almost 10% to a two-month high of 680, making this their best day since listing. The company recently announced plans to launch three or four new products in the coming months to push growth in its new business premium.

24 Nov 2023, 02:09:20 PM IST

Sensex Today Live: TCS stock turns ex-buyback, drops more than 1% amid sell-off in IT stocks 

TCS's stock turns ex-buyback from today. The company had approved a buyback of shares worth 17,000 crore in October. Its shares are currently down more than 1% along with those of its IT sector peers.

24 Nov 2023, 02:04:47 PM IST

Sensex Today Live: Govt gives social-media platforms seven days to start tackling deepfakes

The Ministry of Electronics and Information Technology (MeitY) announced today that it will give social-media platforms seven days to align their terms of service and other policies with Indian laws and regulations to address issue of deepfakes on their platforms.

24 Nov 2023, 02:02:16 PM IST

Sensex Today Live: Flair Writing IPO booked 8.6 times 

The 593-crore public issue of Flair Writing Industries has been booked 8.6 times so far on its final day. The company has received bids for 12.39 crore shares, against an issue size of 1.44 crore shares.

24 Nov 2023, 01:50:21 PM IST

Sensex Today Live: LIC stock surges almost 10%

Source: Google Finance
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Source: Google Finance
24 Nov 2023, 01:41:53 PM IST

Sensex Today Live: Jefferies tweaks its model portfolio, replaces Maruti, Marico with Eicher, Honasa

Brokerage firm Jefferies has made changes to its model portfolio by deploying the cash that it had tactically increased in early September. It removed Maruti, Power Grid and Marico and added Eicher, NTPC and Honasa Consumer, the parent company of Mamaearth.

24 Nov 2023, 01:35:56 PM IST

Sensex Today Live: Sebi tells SC it won't seek another extention for Adani probe

Sebi has told the Supreme Court it will not seek an extension to complete its probe into the Adani'Group.

24 Nov 2023, 01:34:20 PM IST

Sensex Today Live: SIS gains 2%

SIS gains 2% after its board approved 3.5 crore investment to buy 4.73% stake in Entitled Solutions

24 Nov 2023, 12:53:31 PM IST

Sensex Today Live: Mahavir Lunawat, Managing Director, Pantomath Capital Advisors on the flurry of Indian IPOs

"This has been one of the busiest weeks for the primary market in recent years, as five mainboard IPOs – of Flair Writing, Fedbank Financial Services, Gandhar Oil Refinery India, Tata Technologies and IREDA – collectively raised 7,377 crore.

“Sebi has announced a reduction in the timeline for listing shares on stock exchanges following the closure of IPOs. It has cut the listing timeframe from T+6 to T+3. The reduced timeline means investor money will be locked up for a shorter duration. Investors now have the opportunity of early credit and liquidity for their investment."

24 Nov 2023, 12:50:18 PM IST

Sensex Today Live: BHEL up almost 8%

Shares of BHEL are in the green for the third day today, up almost 8%. The stock is up 91.39% so far this year.

24 Nov 2023, 12:36:17 PM IST

Sensex Today Live: Nifty Healthcare index up 0.7%

Granules India and Lupin lead the gains. 

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24 Nov 2023, 12:32:42 PM IST

Sensex Today Live: Indian Hotels stock in focus

Indian Hotels has invested 55 crore in Genness Hospitality and 35 crore in Qurio Hospitality via a rights issue.

24 Nov 2023, 12:18:56 PM IST

Sensex Today Live: RailTel Corp wins ₹53 crore order from Gujarat Informatics

RailTel Corporation said it has bagged an order worth 53 crore from Gujarat Informatics Ltd to install and maintain a ‘state-wide surveillance’ and ITMS project, the PSU said in a stock exchange filing.

24 Nov 2023, 12:06:45 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was up 11 points or 0.02% at 66,029.5, while the Nifty was up 12.7 points or 0.06% at 19,814.70.

24 Nov 2023, 12:03:49 PM IST

Sensex Today Live: Tokyo stocks end higher

Tokyo shares closed higher on Friday as investors took heart from a rebound on Wall Street and the yen's slight depreciation against the dollar.

The benchmark Nikkei 225 index rose 0.52% or 173.70 points to 33,625.53, while the broader Topix index ended up 0.54% or 12.75 points at 2,390.94.

24 Nov 2023, 12:03:49 PM IST

Sensex Today Live: Suzlon extends rally, stock up over 4%

The stock has surged 305% in just six months.

Source: Google Finance
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Source: Google Finance
24 Nov 2023, 11:54:42 AM IST

Sensex Today Live: Fedbank Financial Services IPO fully subscribed on final day

Fedbank Financial Services muted IPO was fully subscribed at last on its final day. Investors have so far bid for 5.68 crore shares against 5.6 crore on offer.

24 Nov 2023, 11:41:05 AM IST

Sensex Today Live: Mamaearth shares surge over 13%, a day after hitting 20% upper circuit

Shares of Honasa Consumer, Mamaearth's parent company, are up around 40% in two days.

Source: Google Finance
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Source: Google Finance
24 Nov 2023, 11:37:06 AM IST

Sensex Today Live: Colin Shah, MD, Kama Jewelry, on the dip in diamond exports

“Diamond exports for both natural and lab-grown variants have dropped in the past seven months. The exports for cut and polished diamonds dipped by 29% to $9.96 billion from $14.11 billion year-on-year during April-October 2023. The dip in exports is primarily due to poor demand in the international markets, led by the geo-political crises, including the Russia-Ukraine war and now the Israel-Hamas conflict.

“Having said that, the worst seems to be over. Rough prices are stable, there is a shortage of polished natural diamonds in certain sizes and clarities, and the industry anxiously looks forward to the revival of demand with the Christmas season. However, it will take another two quarters for the industry to come to more robust levels."

24 Nov 2023, 11:23:16 AM IST

Sensex Today Live: Lupin stock up almost 3% on USFDA news

The pharma major has received tentative approval from the USFDA for its abbreviated new drug application to market Canagliflozin tablets and Bromfenac Ophthalmic Solution in the US. The stock is currently up 2.82%.

24 Nov 2023, 11:08:41 AM IST

Sensex Today Live: Power Finance Corporation stock in focus

The state-owned company plans to raise up to 3,500 crore through a bond issue.

24 Nov 2023, 11:07:00 AM IST

Sensex Today Live: HCL Tech, Coforge among top Nifty IT losers 

Source: NSE
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Source: NSE
24 Nov 2023, 11:03:05 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was up 11.28 points or 0.02% at 66,029.09, and the Nifty was up 9.50 points or 0.05% at 19,811.50.

24 Nov 2023, 11:02:15 AM IST

Sensex Today Live: BSE IT index heatmap 

The BSE IT index is down around 0.4%.

View Full Image
24 Nov 2023, 10:58:30 AM IST

Sensex Today Live: Tata Technologies IPO booked 16.22 times

The Tata Technologies' 3,042.51-crore IPO has been subscribed 16.22 times so far on its final day. Bids have been received for 73 crore equity shares, against 4.5 crore on offer.

24 Nov 2023, 10:43:14 AM IST

Sensex Today Live: Apar Industries stock in focus

The company has launched a QIP worth 1,000 crore to fund its working-capital needs, according to a CNBC-TV18 report. The floor price is said to be 5,540.2, while the indicative price is said to be 5,264 a share, which is a 7.4% discount to Thursday's closing price.

24 Nov 2023, 10:40:38 AM IST

Sensex Today Live: Siemens receives ₹24 crore service-tax demand notice

Siemens has received a 24-crore service-tax demand notice from the Commissioner, CGST & Central Excise, Belapur Commissionerate, under Section 78 of the Finance Act.

24 Nov 2023, 10:37:04 AM IST

Sensex Today Live: Sensex heatmap

Pharma stocks are the big gainers on the Sensex, while auto and IT companies are among the losers. 

Source: BSE
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Source: BSE
24 Nov 2023, 10:34:49 AM IST

Sensex Today Live: Dr V K Vijayakumar, chief investment strategist, Geojit Financial Services, on the outperformance of mid and small caps

“The dominant trend in the market this year is the huge outperformance of the mid and small caps. While Nifty is up only 8.82% YTD, Nifty Midcap index and Nifty Smallcap index are up 33.38% and 41.66%. It is important to understand that Nifty is depressed by the poor performance of banks, which have the largest weightage in [the index]. The Nifty Bank index is almost flat this year with measly growth of 0.87%."

24 Nov 2023, 10:21:32 AM IST

Sensex Today Live: Rahul Kalantri, VP commodities, Mehta Equities, on precious metals

"Gold and silver experienced a marginal uptick in a low-volume session, attributed to the Thanksgiving holiday in the US. This increase in precious metals followed disappointing US durable goods and core durable goods orders data, hinting at a potential pause in interest rates by the Federal Reserve in upcoming policy meetings. The safe-haven appeal of gold and silver strengthened further in response to lackluster US economic data, coinciding with corrections in the dollar index and bond yields, which also contributed to supporting precious metal prices.

“The US manufacturing PMI data is scheduled for release later today and could provide additional guidance for the precious metals market. Anticipate continued volatility in today's session for both gold and silver."

24 Nov 2023, 10:09:26 AM IST

Sensex Today Live: Glenmark leads pharma gains

The Nifty Pharma index is up more than 1%, with Glenmark and Lupin leading the way. Cipla is up, too, after a sharp fall on Thursday.

Source: NSE
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Source: NSE
24 Nov 2023, 10:02:56 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was down 50.34 points or 0.08% at 65,967.47, and the Nifty was down 8.70 points or 0.04% at 19,793.30.

24 Nov 2023, 09:55:03 AM IST

Sensex Today Live: Nifty smallcap indices surge

The Smallcap 50 index is up 0.74% and the Smallcap 100 index is up 0.62%.

Source: NSE
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Source: NSE
24 Nov 2023, 09:50:25 AM IST

Sensex Today Live: L&T Finance stock in focus

Asian Development Bank is set to provide a long-term loan worth $125 million to the company. L&T Finance plans to use the funds to support financing in rural and peri-urban areas in India, particularly for women.

24 Nov 2023, 09:39:20 AM IST

Sensex Today Live: Maruti board approves share allotment

Maruti's board has approved the allotment of 1.23 crore of its shares to Suzuki Motor Corp on a preferential basis. The stock is up 0.16% at 10,505.

24 Nov 2023, 09:35:05 AM IST

Sensex Today Live: Paytm block deal

About 1.6 crore Paytm shares (2.56% of equity) worth 1,441 crore have changed hands at an average price of 884, CNBC-TV18 reports.

24 Nov 2023, 09:32:29 AM IST

Sensex Today Live: Mamaearth rallies, Paytm falls

The stock of Mamaearth parent Honasa Consumer rose up to 12% in early trade, a day after hitting the 20% upper circuit. Paytm's parent firm One97 Communications meanwhile saw its shares fall as much as 4%.

24 Nov 2023, 09:28:58 AM IST

Sensex Today Live: Prestige Estates Projects stock in focus

The firm has launched Prestige Glenbrook, a high-rise residential project in Bangalore's IT hub. The project comprises 285 flats across two high-rises with a developable area of 0.7 million square feet and a revenue potential of 550 crore.

24 Nov 2023, 09:28:07 AM IST

Sensex Today Live: Healthcare, pharma indices pop

Source: NSE
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Source: NSE
24 Nov 2023, 09:19:26 AM IST

Sensex Today Live: Market opens flat

At 9.15 am the Sensex was up 26.49 points or 0.04% at 66,044.30, and the Nifty was up 19.10 points or 0.10% at 19,821.10.

24 Nov 2023, 09:09:19 AM IST

Sensex Today Live: Rupee opens flat against US dollar

The Indian rupee opened at 83.34 per dollar on Friday, the level it closed at on Thursday.

24 Nov 2023, 09:07:35 AM IST

Sensex Today Live: LTIMindtree stock in focus

The company has launched a quantum-safe virtual private network (VPN) link in London to secure data transmission for the quantum computing era. LTIMindtree collaborated with Quantum Xchange and Fortinet on the platform.

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