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Business News/ Markets / Live Blog/  Market Highlights: Sensex, Nifty close in the red; realty drags, pharma gains
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Market Highlights: Sensex, Nifty close in the red; realty drags, pharma gains

Sensex Today | Share Market Live Updates: At close, the Sensex was down 168.66 points or 0.24% at 71,315.09, and the Nifty was down 38 points or 0.18% at 21,418.70.

Sensex Today | Share Market Live Updates: The BSE smallcap index climed around 0.5% and the midcap index around 0.3% on Monday.Premium
Sensex Today | Share Market Live Updates: The BSE smallcap index climed around 0.5% and the midcap index around 0.3% on Monday.

Sensex Today | Share Market Live Updates: Benchmark indices were flat or in the red for most of the day. At close, the Sensex was down 168.66 points or 0.24% at 71,315.09, and the Nifty was down 38 points or 0.18% at 21,418.70.

Big gainers on the Nifty included sugar companies, Eicher Motors, Bajaj Auto, Nestle India, Titan Company and Dr Reddy's Labs, while JSW Steel, Power Grid Corporation, ICICI Bank, ITC and Cipla were among the losers. The pharma sector was up 1% and while realty was down nearly as much. The BSE smallcap index climed around 0.5% and the midcap index around 0.3%.

Earlier, the Nikkei ended lower as cautious investors awaited hints from Bank of Japan governor Kazuo Ueda for a possible shift in its ultra-low rates policy. The Nikkei fell 0.64% to close at 32,758.98, while the broader Topix slipped 0.66% to 2,316.86.

US contracts edged higher after the S&P 500 ended a tad down while the tech-heavy Nasdaq 100 hit a record high. 

The dollar was mixed against major peers with Treasury yields extending gains after New York Fed President John Williams said it was too early for officials to start thinking about lowering borrowing costs.

18 Dec 2023, 03:35:52 PM IST

Sensex Today Live: Rupee ends marginally lower against US dollar

The rupee ended marginally lower at 83.06 per dollar from Friday's close of 83.00.

18 Dec 2023, 03:34:57 PM IST

Sensex Today Live: Indices close in the red

Indian benchmark indices ended Monday in the red. At close, the Sensex was down 168.66 points or 0.24% at 71,315.09, and the Nifty was down 38.00 points or 0.18% at 21,418.70.

Top losers on the Nifty included JSW Steel, ICICI Bank, ITC Power Grid Corporation and ONGC. Gainers included Adani Ports, Sun Pharma, Bajaj Auto, Hindalco Industries and Reliance.

18 Dec 2023, 03:30:12 PM IST

Sensex Today Live: Sebi sets conditions for NSE IPO

Sebi has given NSE a list of conditions it needs to fulfill before it can apply for an IPO, CNBC-TV18 reported, citing sources.

18 Dec 2023, 03:28:10 PM IST

Sensex Today Live: Aurionpro Solutions stock hits 5% upper limit

Aurionpro Transit, a provider of smart ticketing and payment solutions for transit, announced a partnership with Vix Technology, after which its stock hit the 5% upper circuit.

Aurionpro Transit will design and develop innovative in-bus solutions that will streamline transit operations by providing a central on-vehicle hub for various functions, from ticketing to communications, the company said in an exchange filing.

18 Dec 2023, 03:15:47 PM IST

Sensex Today Live: Sun Pharma among 20 biggest Indian companies as market cap crosses ₹3 trilion

Sun Pharma's market capitalisation crossed 3 trillion on Monday, making it the 20th biggest company in India. Shares of India’s largest drugmaker are up 26% so far this year.

18 Dec 2023, 03:07:13 PM IST

Sensex Today Live: Oil rises on Red Sea jitters, Russian export cut

Oil prices rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions. Russia's plan to lower exports in December provided additional support. Brent crude futures were up 17 cents, or 0.2%, to $76.72 a barrel at 0910 GMT, while West Texas Intermediate crude rose 48 cents, or 0.7%, to $71.91.

18 Dec 2023, 03:03:53 PM IST

Sensex Today Live: 3 pm market update

At 3 pm the Sensex was down 148.02 points or 0.21% at 71,335.73, and the Nifty was down 30.50 points or 0.14% at 21,426.20.

18 Dec 2023, 03:02:45 PM IST

Sensex Today Live: Fedbank Financial net profit up 25% in Q2

Fedbank Financial Services, which went public recently, reported 25.1% growth in Q2 net profit at 57.76 crore for the September quarter, from 46.16 crore in the year-ago period. Total income rose by 35.8% yoy from 293.09 crore to 397.95 crore.

18 Dec 2023, 02:47:45 PM IST

Sensex Today Live: SpiceJet zooms 17% amid reports of interest in acquiring Go First

Shares of SpiceJet are up 17% after news reports suggested that the airline – along with Sharjah-based Sky One company and Safrik Investments – have shown interest in buying the bankrupt Go First.

18 Dec 2023, 02:34:07 PM IST

Sensex Today Live: Muthoot Microfin IPO 45% subscribed

Muthoot Microfin's IPO has been subscribed 45% so far on its first day. The company has received bids for 1.09 crore of the 2.43 crore shares on offer.

Retail investors have bid for 77% of their allotted quota, non-institutional investors 27%, and employees 77%. Qualified institutional buyers are yet to bid.

18 Dec 2023, 02:20:20 PM IST

Sensex Today Live: China stocks extend losses as weak recovery dampens sentiment

Chinese stocks extended their losses on Monday after five consecutive weekly declines. Risk sentiment remained weak after recent data showed a sluggish economic recovery, and policy signals from a top meeting failed to excite investors.

18 Dec 2023, 02:08:20 PM IST

Sensex Today Live: Govt likely to achieve fiscal deficit target in FY24, says junior finance minister

The government is likely to achieve its fiscal deficit target of 5.9% of GDP in FY24, junior finance minister Bhagwat Karad said. India's fiscal deficit in the first seven months of the financial year ending on March 31, 2024 was 8.04 trillion ($96.86 billion), or 45% of the estimate for the whole year, according to data released by the government last month.

18 Dec 2023, 02:05:48 PM IST

Sensex Today Live: 2 pm market update

At 2 pm the Sensex was down 116.97 points or 0.16% at 71,366.78, and the Nifty was down 24.70 points or 0.12% at 21,432.

18 Dec 2023, 01:43:00 PM IST

Sensex Today Live: Inox India IPO subscribed 15.5 times so far on final day

Inox India's 1,459.32 crore IPO has been subscribed 15.54 times so far on the final day of bidding. The company received bids for 24 crore shares against the 1.55 crore on offer. HNIs bid for 32.94 times their allotted quota while retail the retail quota was subscribed 11.51 times and shares reserved for qualified institutional buyers were subscribed 9.56 times.

18 Dec 2023, 01:27:34 PM IST

Sensex Today Live: Sandur Manganese board approves bonus share issue

The board of Sandur Manganese has approved an issue of bonus shares in the ratio of 5:1 the company said in an exchange filing. It will issue five shares to investors for every share they own as of the record date, which is yet to be determined. 

18 Dec 2023, 01:13:42 PM IST

Sensex Today Live: Siemens stock up 2% on potential demerger of energy business

Siemens said in an exchange filing that promoters of the company – Siemens Aktiengesellschaft, Germany; Siemens International Holding B.V., Siemens Energy Holding B.V., and Siemens Energy Aktiengesellschaft – have requested the board to consider a demerger of the company's energy business into a separate entity. The stock is currently up around 2%.

18 Dec 2023, 01:10:16 PM IST

Sensex Today Live: Mankind Pharma stock in focus

Mankind Pharma has invested about £999,900 in Actimed Therapeutics for an additional 1.29% stake, taking its total stake to 10.19%. The stock is currently up more than 1.5%.

18 Dec 2023, 01:04:46 PM IST

Sensex Today Live: 1 pm market update

At 1 pm the Sensex was down 99.81 points or 0.14% at 71,383.94, and the Nifty was down 22.90 points or 0.11% at 21,433.80.

18 Dec 2023, 12:46:35 PM IST

Sensex Today Live: Welspun Corp stock in focus

Its subsidiary Sintex BAPL has confirmed an investment of around 807 crore to set up a manufacturing unit in Telangana, according to an exchange filing on Saturday. This will be executed through a wholly owned step-down subsidiary, Sintex Advance Plastics Limited, over three financial years starting from FY25.

The stock is currently down 0.22%.

18 Dec 2023, 12:34:31 PM IST

Sensex Today Live: IRCTC stock hits 52-week high

IRCTC shares are in the green again today, having gained in five of the last six sessions. The stock is up around 16% over the past month and almost 27% this year.

18 Dec 2023, 12:31:17 PM IST

Sensex Today Live: Nikkei ends lower as investors await Bank of Japan cue on policy

The Nikkei average ended lower on Monday as cautious investors awaited hints from Bank of Japan governor Kazuo Ueda for a possible shift in its ultra-low rates policy. The Nikkei fell 0.64% to close at 32,758.98, while the broader Topix slipped 0.66% to 2,316.86.

18 Dec 2023, 12:13:28 PM IST

Sensex Today Live: Govt considers terminating FAME subsidy for electric two-wheelers

The government is unlikely to continue its subsidy for electric two-wheelers, according to a report in The Times of India, meaning the FAME III scheme is unlikely to be rolled out.

The FAME II subsidy applies to two, three, and four-wheelers. It kicked off on 1 April 2019 with a total outlay of 10,000 crore over five years, which end on 31 March 2024.

18 Dec 2023, 12:06:55 PM IST

Sensex Today Live: Granules India stock in focus

The USFDA has issued five observations to Granules Pharmaceuticals, a wholly owned subsidiary of Granules India, after an inspection, the company wrote in a notification to the stock exchanges on Saturday.

The stock is up around 1% today.

18 Dec 2023, 12:03:51 PM IST

Sensex Today Live: 12 pm market update

At 12 pm the Sensex was down 49.06 points or 0.07% at 71,434.69, and the Nifty was down 6.90 points or 0.03% at 21,449.80.

18 Dec 2023, 11:59:53 AM IST

Sensex Today Live: Kellton Tech Solutions stock surges on LIC deal 

Kellton Tech Solutions announced it recently secured a multi-year project from Life Insurance Corporation of India (LIC). The stock is currently up around 13% on the day.

18 Dec 2023, 11:47:22 AM IST

Sensex Today Live: Ambuja Cements to invest ₹6,000 crore in renewable power projects

The company said the projects would increase its green-power capacity from 19% to 60%.

18 Dec 2023, 11:45:46 AM IST

Sensex Today Live: Harsha Upadhyaya, chief investment officer, equity, Kotak Mutual Fund on the outlook for investors

"Medium- and long-term investors can expect decent returns. However, rising valuations could mean higher volatility. We advise investors to exercise caution in small cap and illiquid stocks due to liquidity-driven spikes. 

"Large caps, particularly in BFSI, look good for investment with reasonable valuations and potential stability. The IT sector rally is linked to 2024 Fed rate cut expectations, prompting valuation re-rating. 

“We favour capex beneficiaries over consumption due to weak rural trends and the deficient monsoon. On the other hand, we recommend a cautious approach to new tech firms as each company should be analysed individually based on underlying business and valuations."

18 Dec 2023, 11:25:38 AM IST

Sensex Today Live | Chart Beat: What potential rate cuts mean for equities

The Fed's dovish turn has boosted global equity markets as investors gear up for three interest rate cuts in 2024. The RBI is expected to follow suit with its own rate cuts, according to Emkay Global Financial Services. While equity investors are euphoric, the historical trend varies. Emkay's analysis shows that the initial leg of rate-cut cycles by the RBI has had mixed results for equities (Nifty) over the last 15 years. Read more.

18 Dec 2023, 11:20:22 AM IST

Sensex Today Live: Motisons Jewellers IPO fully subscribed within an hour

 

The 151-crore IPO of jewellery retailer Motisons Jewellers sailed through within an hour on the first day amid high demand from retail and NII investors. Around 11 am the issue was subscribed 2.34 times, with the retail category subscribed 3.60 times and the NII quota 1.92 times.

18 Dec 2023, 11:07:21 AM IST

Sensex Today Live: General Atlantic Singapore Fund sells 1.7 crore shares of KFin Technologies

Foreign promoter General Atlantic Singapore Fund has sold 1.7 crore shares of KFin Technologies, comprising nearly 10% of the paid-up equity, through open market transactions. 

The shares were sold at an average of 500.5, valuing the deal at 850.85 crore. Buyers included ICICI Prudential Life Insurance Company, ICICI Prudential Mutual Fund, Societe Generale, and IIFL Securities Limited.

18 Dec 2023, 11:03:29 AM IST

Sensex Today Live: 11 am market update

At 11 am the Sensex was down 4.59 points or 0.01% at 71,479.16, and the Nifty was up 4.50 points or 0.02% at 21,461.20.

18 Dec 2023, 10:54:00 AM IST

Sensex Today Live: Small caps outperform

The Nifty Smallcap 100 index is up 0.56%, while the BSE Smallcap index has hit a new record high of 42337.17.

Source: NSE
View Full Image
Source: NSE
18 Dec 2023, 10:50:08 AM IST

Sensex Today Live: Mazagon Dock Shipbuilders stock up 3%

Mazagon Dock Shipbuilders's stock is up 3% on news that the company has signed individual contracts worth about $42 million with a European client to build three 7,500 DWT multi-purpose hybrid powered vessels.

18 Dec 2023, 10:31:20 AM IST

Sensex Today Live: Bajaj Auto stock hits 52-week high

Bajaj Auto shares hit a 52-week high of 6,486.75 today. The stock is currently up 2.7% on the day, and 80.3% so far this year.

18 Dec 2023, 10:19:16 AM IST

Sensex Today Live: V K Vijayakumar, chief investment strategist at Geojit Financial Services

"There are two significant factors driving the strong rally. FIIs have made a u-turn and turned big buyers, having invested around 20,000 crore, including bulk purchase, in the past two weeks.

"The rally is also being driven by segments like banking and IT which were underperformers for quite some time. During the last two weeks, the Nifty is up by 6%, while Bank Nifty is up 7.4% and Nifty IT is up around 11%.

"Since there is huge delivery based buying in these segments, they have the potential to remain resilient. An important point from recent market experience is that in the tug of war between FIIs and DIIs, the latter have been trumping the former consistently by buying from them when they sell and selling to them the very same stocks which they sold, at much higher prices.

"Global and domestic factors, except valuations, are favourable for the market. It makes sense to remain invested, particularly in large caps.

“Some profit booking can be considered in mid and small caps where valuations are very high."

18 Dec 2023, 10:06:17 AM IST

Sensex Today Live: Zydus Lifesciences at 52-week high on USFDA approval

Zydus Lifesciences's stock is up 3% to a 52-week high of 672.35 on news that the it has received final approval from the United States Food and Drug Administration to manufacture and market Lacosamide Tablets USP, 50 mg, 100 mg, 150 mg, and 200 mg.

18 Dec 2023, 10:03:07 AM IST

Sensex Today Live: 10 am market update

At 10 am the Sensex was down 110.43 points or 0.15% at 71,373.32, and the Nifty was down 21.20 points or 0.10% at 21,435.50.

18 Dec 2023, 09:59:17 AM IST

Sensex Today Live: Sugar stocks surge up to 11%

Sugar stocks have surged after the government reversed an order banning the use of sugarcane juice for making ethanol. 

Shares of Indian Surcose soared 10.65% to 90, while Dhampur Sugar Mills' stock was up 8.22% cent at 268.45. Bajaj Hindusthan Sugar's stock was up 9.22% at 30.55, while Balrampur Chini Mills' shares surged 7.15% to 412.05 and Dwarikesh Sugar Industries' shares rose 6.39% to 91.38. 

18 Dec 2023, 09:55:05 AM IST

Sensex Today Live: IREDA stock tanks more than 9%

IREDA's stock tanked more than 9% amid profit booking. The stock in now down more than 18% over two trading sessions.

18 Dec 2023, 09:43:43 AM IST

Sensex Today Live: United Spirits shares shed 2%

Shares of United Spirits Limited fell more than 2% to 1,060 in early trade. 

The company said on Friday it had received a claim worth 365.33 crore from a national institutional customer on 11 December. The claim relates to "a previously concluded settlement with the customer where all recovery claims made by the customer had been fully settled", it said in an exchange filing. It said it currently cannot determine the financial implications of the claim.

18 Dec 2023, 09:41:18 AM IST

Sensex Today Live: Zee Entertainment down almost 3.5%

Zee Entertainment shares are in the red for the fourth consecutive day today, down nearly 3.5%. The company said in a stock exchange filing on Sunday that it had sought another extension of a deadline to merge with Indian arm of Sony. 

18 Dec 2023, 09:35:28 AM IST

Sensex Today Live: SoftBank sells 1.14 crore shares of PB Fintech

SoftBank has sold 1.14 crore shares of the company for 914 crore ( 800.05 each). Buyers include Government Pension Fund and HDFC Mutual Fund.

18 Dec 2023, 09:31:03 AM IST

Sensex Today Live: JSW Steel sheds 3%

Shares of JSW Steel are down more than 3% today after reports said over the weekend that the Mumbai police have booked JSW Group’s managing director and chairman Sajjan Jindal for alleged rape. Jindal denied the allegations in a statement on Sunday. Read more.

18 Dec 2023, 09:26:48 AM IST

Sensex Today Live: Govt reverses ban on use of sugarcane juice in ethanol manufacture

The food ministry has reversed its ban on the use of sugarcane juice for making ethanol. In a directive to all sugar mills and distilleries, the ministry said the oil marketing companies will issue a revised allocation of sugarcane juice and B heavy molasses-based ethanol to each distillery for the 2023-24 supply year.

18 Dec 2023, 09:22:10 AM IST

Sensex Today Live: Sensex down 276 points, Nifty down 73 at open

At 9.15 am the Sensex was down 276.77 points or 0.39% at 71,206.98, and the Nifty was down 72.40 points or 0.34% at 21,384.30. 

18 Dec 2023, 09:20:22 AM IST

Sensex Today Live: Indices heatmap

Source: BSE
View Full Image
Source: BSE
18 Dec 2023, 09:17:06 AM IST

Sensex Today Live: Indices open in the red

Indian indices opened marginally lower amid mixed global cues.

18 Dec 2023, 09:08:36 AM IST

Sensex Today Live: Rupee opens marginally higher

The rupee opened marginally higher at 82.96 per dollar on Monday from Friday's close of 83.

18 Dec 2023, 09:06:43 AM IST

Sensex Today Live: Edelweiss Financial Services to sell 10-20% stake in Edelweiss Alternative Asset Management

Edelweiss Financial Services has commenced its 10-20% stake sale in Edelweiss Alternative Asset Management, a wholly owned subsidiary, from which it expects to raise 1,500-2,000 crore.

18 Dec 2023, 08:43:34 AM IST

Sensex Today Live: Adani is back with roadshows as Hindenburg shock fades

The Adani group has kicked off a series of roadshows to attract wealthy retail investors to buy shares of its 10 listed companies, 11 months after a withering attack by US short seller Hindenburg Research forced the country’s largest conglomerate to drop a previous effort. Read more.

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