Business News›Markets›Stocks›Live Blog›Sensex Today | Stock Market LIVE Updates: Sensex gives up early gains, turns negative; Nifty below 24,650
LIVE BLOG
Sensex Today | Stock Market LIVE Updates: Sensex gives up early gains, turns negative; Nifty below 24,650
12 Dec 2024 | 10:41:21 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates | India's benchmark equity indices, Sensex and Nifty50, opened slightly higher on Thursday, mirroring gains in global markets. This followed US inflation data that met expectations, strengthening prospects of a Federal Reserve rate cut next week.
Sensex Today | Stock Market LIVE Updates | The BSE Sensex was up 116 points (0.14%) at 81,642, while the Nifty50 gained 13 points (0.07%) to trade at 24,659 around 9:27 am.
The Nifty IT index advanced 0.83%, driven by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis.
Meanwhile, other key indices such as Nifty Bank and Nifty Financial Services opened higher, whereas Nifty Auto, PSU Bank, Consumer Durables, and Oil & Gas indices started in the red.
Show moreThe Nifty IT index advanced 0.83%, driven by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis.
Meanwhile, other key indices such as Nifty Bank and Nifty Financial Services opened higher, whereas Nifty Auto, PSU Bank, Consumer Durables, and Oil & Gas indices started in the red.
1 New Update
Sensex Today | Stock Market LIVE Updates: Stellar Start! Emerald Tyre Manufacturers shares list at 90% premium over IPO price
Emerald Tyre Manufacturers shares had a stellar debut on the NSE SME platform on Thursday, opening at ₹180.50, a 90% premium over their issue price.
Sensex Today | Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO opens for subscription. Check GMP, other details
Inventurus Knowledge Solutions (IKS Health), backed by the Rakesh Jhunjhunwala family, launched its ₹2,498 crore IPO on Thursday. The offering, consisting entirely of an Offer for Sale (OFS) of 1.87 crore shares, will remain open for bidding until December 16.
Sensex Today | Stock Market LIVE Updates: Nifty IT hits record high
Sensex Today | Stock Market LIVE Updates: Sensex gives up early gains, turns negative; Nifty below 24,650
Sensex Today | Stock Market LIVE Updates: Delhivery shares surge 3% as Macquarie gives Rs 460 target, maintains outperform rating
Delhivery shares rose by nearly 3.2% on the BSE, reaching an intraday high of ₹391.30, after global brokerage Macquarie reiterated its ‘outperform’ rating on the stock with a 12-month target price of ₹460.
Price as on 10.00.14 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Gold Price Today: Gold prices surge by Rs 2,200/10 gm this week, silver up by Rs 3,300/kg
Gold prices today: Gold February futures on the MCX opened flat at ₹78,829 per 10 grams, down by 0.22% or ₹173. Meanwhile, silver March futures were trading at ₹95,780 per kilogram, slightly lower by 0.02% or ₹22.
Sensex Today | Stock Market LIVE Updates: Reliance Power shares jump 5% after arm wins 930 MW solar project from SECI
Reliance Power shares surged 5% to hit their upper circuit at ₹46.24 on the BSE on Thursday after the company announced that its subsidiary, Reliance NU Suntech, had secured a 930 MW solar energy project with an integrated battery energy storage system (BESS) in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.
Price as on 09.40.23 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Greaves Cotton shares in focus after approving OFS component for Greaves Electric Mobility IPO
Greaves Cotton shares are set to remain in focus on Thursday after the company’s board approved the Offer for Sale (OFS) component of the Initial Public Offering (IPO) for its Electric Vehicle unit, Greaves Electric Mobility (GEML), during a meeting on Wednesday, December 11.
Sensex Today | Stock Market LIVE Updates: Top gainers in opening trade
Price as on 09.31.32 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: F&O Radar| Deploy Long Iron Condor in Nifty for potential gains from range
The Nifty has been consolidating since the RBI monetary policy announcement on December 6, 2024. The market appears to have already priced in the policy outcome, leading the index to trade sideways since last Friday.
Sensex Today | Stock Market LIVE Updates: Sensex heatmap in opening trade
Sensex Today | Stock Market LIVE Updates: Nuvama Wealth Block Deal: 8.4% equity traded; stock down 5%
Price as on 09.23.19 AM, Click on company names for their live prices.
Sensex Today | Stock Market LIVE Updates: Nifty below 24,650 in opening trade
Opening Bell: Sensex flat, Nifty below 24,650; Hyundai drops 2%, TechM gains 2%
Sensex Today | Stock Market LIVE Updates: Godawari Power shares in focus on signing a 7-year contract with GAIL
Godawari Power & Ispat shares are expected to be in the spotlight on Thursday after the company announced a 7-year RLNG gas supply agreement with GAIL.
Sensex Today | Stock Market LIVE Updates: Shriram Finance shares in focus as co sells stake in housing finance biz to Warburg Pincus for Rs 3,929 crore
Shriram Finance shares are likely to draw attention on Thursday following the company’s announcement of the successful sale of its entire 84.44% stake in Shriram Housing Finance Limited to Warburg Pincus. The transaction was valued at ₹3,929 crore.
Sensex Today | Stock Market LIVE Updates: Domestic startup Rebel Foods raises funds ahead of planned IPO
Rebel Foods, a startup focused on online-only restaurants, has announced a $210 million funding round as it prepares for a planned initial public offering (IPO) by 2026.
Sensex Today | Stock Market LIVE Updates: Sensex falls 50 points, Nifty holds 24,600 in pre-open session
Sensex Today | Stock Market LIVE Updates: Grasim Industries shares in focus as board approve raising up to Rs 2,000 crore via NCDs
Grasim Industries shares are likely to be in the spotlight on Thursday after the company announced its board's approval to issue non-convertible debentures (NCDs) worth up to ₹2,000 crore in one or more tranches, as per an exchange filing.
Sensex Today | Stock Market LIVE Updates: Here are the stocks that will be in focus today due to various news developments.
Sensex Today | Stock Market LIVE Updates: A little bit of Wall Street in my life
Investors looking to diversify their equity portfolios beyond domestic markets amid high valuations in Mumbai and capitalize on the recent growth in US stocks might consider allocating a portion to equity mutual funds focused on Wall Street-listed assets.
Sensex Today | Stock Market LIVE Updates: Inventurus Knowledge Solutions IPO opens today. Check key dates, GMP, price band, subscription and review
Inventurus Knowledge Solutions, a provider of essential support services to healthcare companies, is set to launch its ₹2,498 crore IPO today. The offering, entirely an Offer for Sale (OFS) of 1.87 crore shares, will remain open for bidding until December 16.
Sensex Today | Stock Market LIVE Updates: Vishal Mega Mart IPO Day 2. Check key dates, GMP, price band, subscription and review
The IPO of Vishal Mega Mart, a prominent supermarket chain operator, saw moderate demand on its first day, achieving an overall subscription of 51%. The non-institutional investor category was fully subscribed, while the retail and Qualified Institutional Buyer (QIB) segments fell short.
Sensex Today | Stock Market LIVE Updates: Sai Life Sciences IPO Day 2. Check key dates, price band, GMP, and review
The initial public offering (IPO) of digital payments platform Sai Life Sciences narrowly missed full subscription on its first day of bidding. The ₹3,042 crore IPO was 84% subscribed on Day 1, driven primarily by institutional investor participation.
Sensex Today | Stock Market LIVE Updates: MobiKwik IPO Day 2. Check key dates, price band, GMP and review
The initial public offering (IPO) of digital payments platform One MobiKwik Systems saw robust investor demand, with the issue being subscribed 7 times on the first day. Retail investors led the charge with 26 times subscription, while non-institutional investors placed bids nearly 9 times the allotted quota.
Sensex Today | Stock Market LIVE Updates: Emerald Tyre Manufacturers IPO listing today. GMP hints at solid gains
Emerald Tyre Manufacturers' shares are set to debut on the NSE SME platform on Thursday. Prior to the listing, the company's shares were trading at a grey market premium (GMP) of ₹85.
Sensex Today | Stock Market LIVE Updates: Reliance Power shares in focus after its arm wins 930 MW solar project with battery storage from SECI
Reliance Power shares are expected to be in the spotlight on Thursday following an announcement that its subsidiary, Reliance NU Suntech Private Ltd, has won a 930 MW solar energy project with an integrated battery energy storage system (BESS) in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.
Sensex Today | Stock Market LIVE Updates: HSBC bullish on Indian pharma stocks for 2025
HSBC holds a positive outlook for Indian pharmaceutical stocks in 2025, citing strong performance from peak sales of the cancer drug gRevlimid and differentiated product launches in the US market. Among the stocks it tracks, the brokerage favors Cipla, Sun Pharma, and Torrent Pharma.
Stock Market LIVE Updates | HSBC bullish on Indian pharma stocks for 2025
HSBC is bullish on Indian pharmaceutical stocks for 2025, citing factors like peak sales of the cancer drug Revlimid and the launch of innovative drugs in the US market. Among the stocks they recommend, Cipla, Sun Pharma, and Torrent Pharma are preferred.
Sensex Today | Stock Market LIVE Updates | BofA warns markets underpricing risk of inflation's return
Although inflation may be largely under control, concerns about price pressures could still hinder expectations for interest rate reductions. Despite these concerns, the stock market appears optimistic.
Sensex Today | Stock Market LIVE Updates | Stocks in news: Cipla, PC Jeweller, Shriram Finance, Grasim, Gland Pharma
The benchmark stock indices, Sensex and Nifty, closed higher on Wednesday, with limited trading activity. Several stocks, including Cipla, PC Jeweller, Shriram Finance, Grasim, and Gland Pharma, are expected to be in focus today due to recent news developments.
Sensex Today | Stock Market LIVE Updates | China is considering softer currency
Reuters reported that China is considering allowing the yuan to weaken in 2025 to brace for higher trade tariffs in a second Donald Trump presidency, citing people familiar with the matter.
Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.
Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.
Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a muted start
GIFT Nifty on the NSE IX traded higher by 16.5 points, or 0.07 per cent, at 24,751, signaling that Dalal Street was headed for muted start on Thursday.
Stock Market LIVE Updates | Nasdaq hits 20,000 for first time as AI rally rages on
The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump's presidency and bets on AI-fuelled earnings growth in the coming quarters.
The tech-heavy index rose 1.6% to an all-time high of 20001.42 points.
The tech-heavy index rose 1.6% to an all-time high of 20001.42 points.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro was little changed at $1.0504
- The Japanese yen rose 0.2% to 152.20 per dollar
- The offshore yuan was little changed at 7.2741 per dollar
- The Australian dollar rose 0.6% to $0.6405
Stock Market LIVE Updates | Global markets check
- S&P 500 futures fell 0.2% as of 9:56 a.m. Tokyo time
- Hang Seng futures were little changed
- Nikkei 225 futures (OSE) rose 1.5%
- Japan’s Topix rose 1.2%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures were unchanged
