Sensex Today | Stock Market LIVE Updates: Nifty below 24,650, Tata Consumer Products, Hero MotoCorp top losers
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 24,641.80, while Sensex ended at 81,526.14.
Overnight, Wall Street indices ended largely higher. The Nasdaq Composite ended above 20,000 for the first time, the S&P 500 was up 0.8% while the Dow Jones ended 100 points down. Asian stocks gained in early trade today.
Meanwhile, the US CPI inflation print came in exactly in line with estimates at 2.7%, taking the probability for a Fed rate cut by 25 basis points next week. India's CPI inflation data will be released after market hours today.
Vedanta, Gland Pharma, Nuvama Wealth, Grasim, Bajaj Housing, Shriram Finance, Godawari Power, Greaves Cotton, ACME Solar Holdings, Varroc Engineering, Samman Capital, Reliance Power, Pilani Investment, Ami Organics, PC Jewellers are among the stocks in focus today.
Sensex Today | Stock Market LIVE Updates: Adani Group Stocks Recover Sharply
Sensex Today | Stock Market LIVE Updates: After A 155% Surge In 2024, Zaggle Prepaid May Launch Rs 950 Crore QIP Next Week: Exclusive
Zaggle Prepaid Ocean Services is likely to launch a Qualified Institutional Placement (QIP) worth ₹950 crore in the next two weeks, sources with knowledge of the matter told CNBC-TV18.
The institutional share sale is likely to result in an equity dilution of 15% to 16%, sources said.
Sensex Today | Stock Market LIVE Updates: Gravita India Likely To Float Rs 1,000 Crore QIP Next Week: Sources
QIP likely to see equity dilution of 7% at around ₹2,100/share, sources said.
Gravita has board approval of Rs 1,000 crore fund raise
Sensex Today | Stock Market LIVE Updates: Zaggle Likely To Launch Rs 950 Crore QIP In Two Weeks: Sources
. QIP may see equity dilution of 15-16% at ₹500-520/sh. Fund raise likely to be for inorganic growth, strategic investments: Sources to CNBC-TV18.
Zaggle has board approval of Rs 950 crore fund raise
Sensex Today | Stock Market LIVE Updates: Top Stocks To Buy/Sell
Here are a few stock recommendations by Sudarshan Sukhani, Technical Trends:
Buy BPCL with a stop loss of ₹300
Buy ICICI Prudential with a stop loss of ₹680
Buy IPCA Labs with a stop loss of ₹1,530
Buy IRCTC with a stop loss of ₹830
Sensex Today | Stock Market LIVE Updates: Sula In Focus
#JustIn | #Sula says Assistant Commissioner of State Tax, Mumbai initiates a search/inspection on December 11 at the Registered office of the Company in Mumbai and at Principal place of Business at Nasik pic.twitter.com/a2OHMoT4on
— CNBC-TV18 (@CNBCTV18Live) December 12, 2024
Sensex Today | Stock Market LIVE Updates: Tata Communications Launches AJ Platform 'Kaleyra AI For Customer Interactions'
Sensex Today | Stock Market LIVE Updates: L&T's Data Centre Business Oboards First Major Customer At Tamil Nadu Cenre
Sensex Today | Stock Market LIVE Updates: Vedanta Shares Now Up 100% In 2024 Ahead Of Board Meet For Fourth Interim Dividend
Anil Agarwal-owned Vedanta Ltd. has announced that it will hold a board meeting on Monday, December 16 to consider a fourth interim dividend.
The board meeting was earlier supposed to be held in October but was cancelled due to unforeseen circumstances.
Sensex Today | Stock Market LIVE Updates: Large Trade In Neuland Lab
As much as 3.8% equity exchanged
Sensex Today | Stock Market LIVE Updates: Bajaj Housing Finance Shares Fall 6% After Three-Month Shareholder Lock-In Ends
Bajaj Housing Finance Ltd. shares have opened 6% lower on Thursday, December 12 as its three-month shareholder lock-in period ends.
As many as 12.5 crore shares of the company will be freed up to trade as the shareholder lock-in ends.
Sensex Today | Stock Market LIVE Updates: Nuvama Wealth Management Block Deal | 8.4% Equity Worth Rs 2,100 Crore Changes Hands
As many as 30 lakh shares, or 8.4% equity, of Nuvama Wealth Management worth ₹2,100 crore changed hands at ₹7,025 per share in block deals.
On Wednesday, December 11, CNBC-TV18 reported citing sources that Edel Finance Company and Ecap Equities were likely to divest a 7.1% stake in Nuvama Wealth management via block deals.
Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex Open Little Changed
#CNBCTV18Market | Market opens near flatline with #Nifty starting around 24,600 & #Sensex above 81,400 pic.twitter.com/WFlVTZUOGi
— CNBC-TV18 (@CNBCTV18Live) December 12, 2024
Sensex Today | Stock Market LIVE Updates: Rupee Opens At 84.84 Vs USD
Rupee closed at 84.43 Vs USD on Wednesday
Sensex Today | Stock Market LIVE Updates: CONCOR Has More Downside Risk, According To Goldman Sachs On Two Major Factors
Brokerage firm Goldman Sachs has cut the price target on shares of state-run Container Corporation of India (CONCOR) to ₹710 from ₹810 earlier, while maintaining its “sell” recommendation on the stock.
Sensex Today | Stock Market LIVE Updates: Gopal Snacks, Vedanta, Tata Chem, Grasim And More: Stocks To Watch
#CNBCTV18Market | Here’s a list of stocks that will be in focus, going into trade today ???????? pic.twitter.com/vwKiTerGP2
— CNBC-TV18 (@CNBCTV18Live) December 12, 2024
Sensex Today | Stock Market LIVE Updates: Nifty Weekly Expiry Today; Vedanta, IT In Focus
Indian markets may open flat according to the GIFT Nifty. Watch out for stocks like Bajaj Housing Finance, Vedanta, Nuvama Wealth and others.
Stock Market LIVE Updates | Here Are All The Global Cues You Need To Track Today
#MarketCues | Here’s how global market cues are placed this morning pic.twitter.com/7TqtM1REzQ
— CNBC-TV18 (@CNBCTV18Live) December 12, 2024
Editor's Take | Surabhi Upadhyay Shares Her Views On The Market
Asian markets mixed after Nasdaq’s big overnight rally
Most Japanese companies expect Trump presidency to harm business: Reuters Survey
73% respondents expect bad impact from expected tariff hikes
Oil rises 2% as EU to impose another round of sanctions on Russia over Ukraine war
OPEC cuts demand forecast for a 5th straight month
Oil demand for 2024 cut by 210,000 barrels a day to 1.6 million barrels a day
Oil demand projections slashed by 27% since July
Nifty range bound on Wednesday- Thursday may see Weekly expiry related volatility
Fund Flows
FIIs Net Sell ` 1,012.24 Cr In Equities
DIIs Net Buy ` 2,007.85 Cr In Equities
Stocks in Focus
Nuvama Wealth : Edelweiss Group likely to sell entire 7.1% stake in block deals
JSW Steel: Exploring entry into production of copper & aluminum
Railway Stocks: Reports of expectation of big govt spending in upcoming budget
Editor's Take | Prashant Nair Shares His Views On The Market
Nasdaq sets a new all-time-high above 20,000 on Fed cut prospects
US core CPI though slightly higher cemented -25 bps rate cut in Decemebr
SPX +0.82%, Nasdaq +1.76%
VIX also dropped -4% to 13.58
Post market, Adobe fell 8% after giving a lackluster 2025 outlook
UST 10y yield +4 bps to 4.27% (had initially dipped to 4.20% post CPI)
Dollar Index +0.21% to 106.62
Brent Oil up 1.9% to $73.59
ECB meeting later today (-25 bps cut is fully priced)
Frontline indices have been consolidating this week
Nifty has been in a narrow range between 24,500-24,850
Supports for Bank Nifty at 53,301 (40-HEMA) & low of 53,160
Resistance for Bank Nifty at swing high of 53,888
Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex Set For A Muted Open
#CNBCTV18Market | #GIFTNifty trading flat vs Nifty Futures’ Wednesday’s close, indicates a muted start for Indian market pic.twitter.com/UYwNafy1Wm
— CNBC-TV18 (@CNBCTV18Live) December 12, 2024
Sensex Today | Stock Market LIVE Updates: Oil Holds Gain as US Signals Further Sanctions Against Russia
Oil held an advance as the US indicated that a softer market may allow for further sanctions on Russia’s energy sector.
West Texas Intermediate traded above $70 a barrel, after rising 2.5% on Wednesday, while Brent closed near $73. US Treasury Secretary Janet Yellen said that relatively low prices might allow further action against Russia’s ability to raise war revenue from its energy sector. The Biden administration is weighing new, harsher sanctions, according to people familiar with the matter.
Sensex Today | Stock Market LIVE Updates: Asian Stocks Rise After US Inflation Backs Fed Cut
Asian stocks rose Thursday after US equities snapped a two-day slide on benign inflation data that supported expectations of a Federal Reserve interest rate cut this month.
Australian and Japanese equities climbed while Hong Kong futures were steady. The S&P 500 rose 0.8% and the Nasdaq 100 advanced 1.9% to a new high Wednesday, with the strong showing for tech pushing Amazon.com Inc and Meta Platforms Inc. to fresh records. Broadcom Inc. rose 6.6% following a report that the chipmaker was working on an AI deal with Apple Inc.
Sensex Today | Stock Market LIVE Updates: Will The Nifty Weekly Expiry Breathe Life Back Into The Index?
Its been nearly a week since the Nifty is stuck in this 300-point range between its 50 and 100-Day Moving Average. It does not come as a surprise either, as barring that 50 basis points CRR cut on Friday, most of the commentary from the Reserve Bank of India erred on the side of caution. Therefore, Thursday’s CPI inflation print becomes crucial for the markets to react to.
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