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PremiumSensex Today | Share Market Live Updates: Indian equities gained on Tuesday amid positive global cues. The Sensex was up 275.62 points or 0.42% at 65,930.77, and the Nifty was up 89.40 points or 0.45% at 19,783.40 when markets closed on Tuesday. The pharma, realty, and metal indices were up 1% each, while oil & gas and capital goods fell 0.5% each. The BSE Midcap and smallcap indices ended marginally higher.
Other Asian stocks also advanced on Tuesday, buoyed by Wall Street gains, as US shares extended their rally and a $16 billion sale of 20-year Treasuries lured bond buyers. Tech stocks were among the outperformers, led by Microsoft after it hired former OpenAI CEO Sam Altman and other prominent artificial intelligence executives.
The Sensex was up 275.62 points or 0.42% at 65,930.77, and the Nifty was up 89.40 points or 0.45% at 19,783.40 when markets closed on Tuesday. The pharma, realty, and metal indices were up 1% each, while oil & gas and capital goods fell 0.5% each. The BSE Midcap and smallcap indices ended marginally higher.
Exide Industries has invested ₹100 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions, on a rights basis. With this, the company's total investment in EESL stands at ₹1,680.01 crore.
CRISIL Ratings has assigned its ‘AAA/Stable’ rating to infrastructure bonds of ICICI Bank worth ₹5,500 crore and reaffirmed its ‘CRISIL AAA/CRISIL AA+*/Stable’ rating on the existing reaffirmed debt instruments of the bank, ICICI Bank wrote in an exchange filing.
The yen rallied against the US dollar for a fourth straight session on Tuesday as investors positioned themselves for the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve loosens it. The dollar hit its lowest level since mid-September at 147.16 yen and was last down 0.61% at 147.45.
The dollar index, which compares the greenback to six other currencies, fell to its lowest level since late August at 103.17 and was last 0.13% down at 103.32.
The Sensex was up 272.36 points or 0.41% at 65,927.51, and the Nifty was up 91 points or 0.46% at 19,785.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) surged 2.65% to ₹719.90 on Tuesday after the Railway Board allowed the company to engage in long-term tenders spanning seven years (comprising an initial term of 5 years with the potential for an additional 2 years based on satisfactory performance).
The Enforcement Directorate (ED) has issued a notice to edtech major Byju's, asking it to pay ₹ 9,000 crore for allegedly violating foreign funding laws, according to various reports. The company has denied receiving any such communication from the authorities.
The UK's FTSE 100 inched down on Tuesday as lower oil prices put pressure on energy stocks, while data showed that Britain borrowed less than its budget forecasters predicted ahead of a crucial budget update this week.
The large-cap FTSE 100 was down 0.1% by 8.09 am GMT, while the mid-cap index was up 0.1%.
Infosys has announced a partnership with Proximus, a Belgian digital-services and communications-solutions provider, on an IT modernisation and consolidation project.
At 2 pm the Sensex was up 331.08 points or 0.50% at 65,986.23, and the Nifty was up 104.90 points or 0.53% at 19,798.90.
Indian Renewable Energy Development Agency's IPO has been subscribed 1.24 times so far on day 1. The IPO will close on Thursday. Retail investors responded well to the offering within the first two hours, and that portion of it is fully booked.
Asian shares climbed to fresh two-month highs on Tuesday after a rally on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.97% higher at 510.11, having touched 511.05, the highest since 18 Sept. The index is up 7% for the month and on course for its biggest monthly gain since January.
Gold prices rose to their highest levels in more than two weeks on Tuesday, driven by a weaker US dollar and lower Treasury yields as investors look forward to the outcome of the Federal Reserve's latest meeting on interest rates. Spot gold was up 0.7% at $1,991.37 an ounce at 7.13 pm GMT. U. gold futures gained 0.7% to $1,993.50.
Japan's Nikkei ended marginally lower on Tuesday as the yen rebounded against the US dollar, prompting a sell-off in carmakers' stocks. The Nikkei fell 0.1% to 33,354.14 after starting the day up 0.2%.
Titan Company's stock hit an all-time high on the BSE today, becoming become the second Tata Group firm to join ₹3 trillion market-cap club. Its shares touched ₹3,400, up almost 2%.
At 1 pm the Sensex was up 345.42 points or 0.53% at 66,000.57, and the Nifty was up 114.20 points or 0.58% at 19,808.20.
India is closing in on an agreement with Tesla Inc that would allow the US automaker to ship its electric cars to the country from next year and set up a factory within two years, Bloomberg reports, citing people familiar with the Indian government’s thinking.
Suzlon Energy's stock fell around 5% to hit the lower circuit ahead of an investor meet later today. The stock hit a 52-week high of ₹44 on 17 November.
Som Distilleries has received permission from the Excise Department to expand beer capacity at its Hassan plant.
Suzlon Energy's stock is in the red for the second day, down 4.2% today. The stock has been red-hot in the past six months, gaining 329.2%.
Shares of Talbros Automotive Components have rallied another 16.7% today to ₹328.60 after gaining 20% in the previous session. The remarkable uptick could be attributed to the company's string of order wins. On Monday it announced that it received new multi-year orders worth ₹580 crore from both domestic and overseas customers across its businesses and joint ventures. Read more.
“The range-bound movement of the market is likely to be broken with an upward move soon. The global cues are supportive [of this]. Softening US bond yields (the 10-year yield is at 4.41%) will provide the macro backdrop for a market rally. The market is likely to wait till the state elections outcome is known. Weakening Chinese growth prospects will weigh on commodities. Financials, particularly NBFCs, beaten down by the RBI decision to hike the risk weightage on unsecured loans, present a long-term buying opportunity."
CNBC-TV18 is reporting that the government has appointed Vinay M Tonse as managing director o f the State Bank of India. He is currently the deputy managing director of SBI.
Tata Technologies will conduct its initial public offering (IPO) from Wednesday to Friday. The price band of the IPO has been fixed at ₹475 to ₹500 a share, valuing the Tata Group company at more than ₹20,283 crore based on the upper price band. Shares of Tata Technologies Ltd are available at a premium of ₹352 on the grey market today.
At noon the Sensex was up 276.35 points or 0.42% at 65,931.50, and the Nifty was up 91.80 points or 0.47% at 19,785.80.
The US Department of Justice is seeking more than $4 billion from Binance Holdings, the world's largest cryptocurrency exchange, as part of a proposed resolution of a years-long investigation into the company.
CRISIL Ratings has revised its outlook on the long-term debt instruments and bank facilities of IIFL Finance from ‘stable’ to ‘positive’, and has reaffirmed the long-term rating at ‘AA’ and short-term rating at ‘A1+'.
Tata Steel’s stock rose over 1% on Tuesday after Jefferies maintained a positive outlook on the company. Jefferies analysts expect Tata Steel's India margins to expand in the December quarter and Tata Steel Europe’s losses to narrow by the March quarter. The brokerage sees an upside of up to 40% in a bullish scenario.
Indian government bond yields fell in early trading on Monday as investors took comfort from easing US peers, with focus turning to a weekly sale of state debt. The 10-year benchmark bond yield was at 7.2415% at 10.05 am after ending the previous session at 7.2575%.
At 11 am the Sensex was up 249.31 points or 0.38% at 65,904.46, and the Nifty was up 80.50 points or 0.41% at 19,774.50.
The rupee recovered from its record closing low levels and appreciated 2 paise to 83.32 against the US dollar in morning trade on Tuesday, tracking the weakness of the American currency in the overseas market and positive domestic equities. The rupee opened 1 paise higher at 83.33 a dollar from its previous close of 83.34.
KPIT Technologies' stock fell over 5% in early trade on Tuesday after a stellar rally this month. The stock fell as much as 5.50% to ₹1,533.00 on the BSE. KPIT Technologies shares have jumped more than 31% in a month and are up over 12% year-to-date. The stock hit a 52-week high of ₹1,639.60 on Monday. Read more.
Laurus Labs on Monday completed the acquisition of the balance 8,333 equity shares from the promoter group of Laurus Bio, bringing its stake to 87.59%.
Jio Financial Services stock rose 3% as 10.6 lakh shares changed hands in block deal.
Coal India shares dropped 4% in the early hours as the company traded ex-dividend on Tuesday. The board of directors declared the first interim dividend for the FY24 at ₹15.25 per equity share with a face value of ₹10. The dividend will be paid on 9 Dec.
Mumbai Travel Retail Pvt, a part of Adani Enterprises, has incorporated its wholly owned subsidiary MTRPL Macau Ltd to set up tobacco shops at Macau International Airport, the company wrote in a filing on Monday.
Adani Enterprises' stock is up around 3% on the news.
Oberoi Realty has launched Forestville, its first luxury residential project in Kolshet, Thane. Spread across 18 acres, it will consist of give residential towers. The company has launched the first phase of construction, which comprises three towers.
At 10 am the Sensex was up 238.18 points or 0.36% at 65,893.33, while the Nifty was up 78.30 points or 0.40% at 19,772.30.
InCred downgraded SBI Card from to add to reduce and slashed the target price from ₹1,000 to ₹600. The Reserve Bank of India (RBI) recently increased the risk weight on credit card receivables and SBI Card is the worst-hit.
Jio Financial Services opened 1% higher on Tuesday on the back of a report that the company is planning its maiden bond issue. Jio Financial Services is in early talks with merchant bankers for the issue, Reuters reported.
ABB and Titagarh Rail Systems have teamed up to supply propulsion systems for metro rolling stock projects in India. Under the agreement, Titagarh will buy ABB propulsion systems including traction converters, auxiliary converters, traction motors, and TCMS software.
“We believe the IREDA IPO gives an investor an opportunity to invest in Mini Ratna CPSE, which is the largest pure play in green financing Systemically Important Non-Deposit-taking Non-Banking Finance Company (NBFC-ND-SI). We think given India's ambitious renewable energy goals and IREDA's position as the largest green financing NBFC, the company stands as a trusted brand in a rapidly expanding sector. We also believe IREDA plays a pivotal role in shaping and implementing policies for the renewable energy sector, aligning with the Government of India's objectives."
The Sensex was up 233.13 points or 0.36% at 65,888.28, and the Nifty was up 70.50 points or 0.36% at 19,764.50 as markets opened on Tuesday. Gainers on the Nifty included Hindalco, Adani Enterprises, Tata Steel, JSW Steel and HDFC Bank, while losers included Tata Consumer Products, Cipla, Coal India, ONGC and Divis Labs.
The Indian rupee opened flat at 83.33 a dollar from the previous close of 83.34.
At pre-open the Sensex was up 6.94 points or 0.01% at 65,662.09, and the Nifty was up 61.40 points or 0.31% at 19,755.40.
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