Nifty Today | Share Market Live Updates: Sensex surges 850 pts; Nifty tops 21,400; TCS, Infy, HCL Tech lead

Nifty Today Live: Insurance stocks fall up to 5% as IRDAI proposes a higher surrender value

Max Financial Services cracked the most, down as much as 4% to ₹969. HDFC Life Insurance Company lost 3% percent to its intra-day low of ₹685. Life Insurance Corporation (LIC) also shed 2.5 percent to ₹795 and ICICI Prudential Life Insurance declined 2% to ₹520 in intra-day.

Nifty Today Live: Samvardhana Motherson to acquire Lumen Gr, Deltacarb SA for ₹575 cr

Auto components major Samvardhana Motherson International Ltd on Friday announced acquisitions of Australia’s Lumen Group and Deltacarb SA of Switzerland for nearly ₹575 crore.

Nifty Today Live: India’s exports declined by 2.83% to $33.9 billion

India’s exports declined by 2.83% to $33.90 billion in November compared to $34.89 billion a year ago. Imports also declined to $54.48 billion. The country’s trade deficit in November stood at $20.58 billion. (PTI)

Nifty Today Live: Bank of Baroda to raise up to ₹2,500 cr via Basel III compliant bonds

The public sector lender plans to raise up to ₹2,500 crore via Basel III compliant bonds. It has got approval for a proposal to raise tranche I of Basel III compliant Tier II bonds with a base issue size of ₹1,000 crore and a green-shoe option to retain oversubscription of up to ₹1,500 crore.

Nifty Today Live: Markets at 2: Sensex at 71,086, up 550 points; Nifty at 21,341, up 158 points

Nifty Today Live: Defence ministry inks over ₹5,300 cr deal with BEL, reports PTI; shares up 3%

The defence ministry on Friday inked over ₹5,300 crore deal with state-owned Bharat Electronics Ltd (BEL) for procurement of electronic fuzes for the Indian Army for a period of 10 years. (PTI)

Nifty Today Live: Global markets rally on rate cut signals from Fed

Stocks in Asia and Europe traded higher following signals by the Federal Reserve that a move to rate cuts was as near as 2024.

MSCI AC Asia Pacific Index rose to its highest since early August, with Hong Kong stocks rallying as much as 3.4% before ending with 2% gains. Nikkei rose 0.9% Futures for European and US equities were steady after a technical indicator showed US stocks are in overbought levels. 

Nifty Today Live: Shiju Koothupalakkal – Technical Research Analyst, Prabhudas Lilladher on Morepen Lab

Morepen Lab after the short correction has bottomed out near 42 levels and currently has picked up momentum. It has also maintained a good support near 40 levels and has been consolidating for quite some time with gradual improvement in the bias, and we anticipate further upside movement in the coming days. The RSI is also indicating a trend reversal and showing strength for further upside moves. We suggest buying and accumulating this stock for an upside target of 65 while keeping the stop loss of 40.

Nifty Today Live: Ireda tumbles 10% due to profit booking after stellar run

Ireda shares declined 10% in today’s trade, hitting ₹108.30 apiece due to profit booking. The stock which listed on the Indian exchanges on 29 November at ₹60 apiece hit a record high of ₹123.30.

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Nifty Today Live: Is Zomato winning the contest with Swiggy?

Intense competition has revolutionised the concept of just-in-time delivery, a change driven by widespread mobile broadband access and a robust digital payment system. This competition between the two has ultimately led to better services for customers. (Read more)

Nifty Today Live: Metal index gains around 2%; Nalco, Hindustan Copper, Adani Enterprises rise 3%

Metal index gains around 2% with Nalco, Hindustan Copper, Adani Enterprises leading the pack.

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Nifty Today Live: NCLAT agrees to hear plea challenging Zee and Sony merger: Reports

Nifty Today Live: Nifty IT index leaps 4.3%; HCL Tech, Infy, TCS, Tech Mahindra jump more than 4% each 

Nifty IT index leaps 4.3%; HCL Tech, Infy, TCS, Tech Mahindra jump more than 4% each

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Nifty Today Live: Green energy stocks to profit from the end of the oil age

Mass production of electric vehicles and the generation of solar and wind electricity have profoundly impacted the oil market. Companies transforming themselves from fossil fuel-based power producers to green energy storage giants are the ones to watch out for, says Equitymaster. (Read here)

Nifty Today Live: Markets at noon: Sensex at 71,000, Nifty above 21,300; Nifty IT zooms 4%

Sensex up 460 points  at 71,000, Nifty above 21,300; Nifty IT zooms 4%  at noon

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Nifty Today Live: Panacea Biotec zooms 4%; co launches vaccine that offers protection against five life

The biotechnology firm said it has unveiled EasyFourPol, the world’s first fully liquid wP-IPV pentavalent vaccine. This vaccine offers protection against five life-threatening diseases such as diphtheria, tetanus, pertussis, polio, and invasive infections caused by haemophilus influenza type B.

Nifty Today Live: Infosys surges 4%; co to announce results for October-December quarter on 11 January

The Indian tech giant Infosys will announce its quarterly results for the October-December quarter on 11 January. The Q3 FY24 results will be announced after the board of directors meeting, set to begin on 10 January. The company had in the last quarter guided for a revenue growth between 1% and 2.5% in FY24.

Nifty Today Live: Satin Creditcare up 2.8% as co launches QIP with floor price at ₹ 242.81 

The microfinance lender on Thursday launched its Qualified Institutional Placement (QIP). The floor price for the QIP has been set at ₹242.81 per share.

Nifty Today Live: Markets at 11: Indices maintain their upward trajectory fueled by dovish Federal Reserve

Indices maintained their upward trajectory fueled by dovish Federal Reserve. Sensex held steady near 71,000 and Nifty was above 21,300.

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Nifty Today Live: Metal index gains 1.6% led by National Aluminium, Hindustan Copper 

Nifty Metal index gains 1.6% led by National Aluminium, Hindustan Copper, Ratnamani which jumped 3-5%

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Sensex Today Live: Sensex jumps 500 points, hit 71000 with Infy, TCS, Reliance contributing to the rally

Sensex jumps 500 points, hit 71000 with Infy, TCS, HCL Tech contributing to the rally as they rose 3-4% in trade

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Sensex Today Live: Sterling and Wilson jumps 5% to hit 52-week high; co raising ₹1,500 crore via QIP 

Sterling and Wilson Renewable Energy share price jumped 5% to hit a 52-week high in early trade on Friday after the company announced the completion of a fundraise of ₹1,500 crore through qualified Institutions placement route. 

Sensex Today Live: Smallcap and Midcap indices rally in line with the benchmark indices

Smallcap and Midcap indices rally in line with the benchmark indices. The indices have been outperforming markets over the past few sessions. 

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Sensex Today Live: Nifty IT index extends Thursday’s rally; up 1.9% led by Infosys, L&T tech

Nifty IT index extended Thursday’s rally and were up 1.9% led by Infosys, Persistenrt Systems and L&T tech

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Sensex Today Live: Genus Power up 5%; co’s subsidiary wins project worth ₹1,026 crore

The company said its wholly owned subsidiary received a ₹1,026-crore order for the appointment of advanced metering infrastructure service providers

Sensex Today Live: Texmaco zooms 10% as co gets Railways’ order for 3,400 BOXNS wagons

The Ministry of Railways has awarded a substantial order for the manufacturing and supply of freight wagons. The contract is valued at approximately Rs. 1374.41 crore. The company is tasked with producing and delivering 3,400 BOXNS wagons.

Sensex Today Live: Adani Port to divest 49% stake in Adani Ennore Container Terminal for ₹247 crore

Adani Port is set to divest a 49% stake in Adani Ennore Container Terminal for a total consideration of ₹247 crore. The company has entered into a Share Purchase Agreement with Mundi Limited, an indirect subsidiary of Terminal Investment Limited and associate of Mediterranean Shipping Company for the divestment.

Sensex Today Live: PBOC offers record $112 billion of cash as economy struggles: Bloomberg

The People’s Bank of China has executed its largest-ever one-year policy loan injection, aiming to bolster an economy grappling with a real estate downturn and sluggish demand.

The central bank provided commercial banks with 1.45 trillion yuan (approximately $204 billion) through its medium-term lending facility. This amount surpasses the anticipated maturity for this month by 800 billion yuan. (Bloomberg)

Sensex Today Live: Sensex at 70,795, up 281 points from previous close led by Infosys, JSW Steel

At 0922 am, Sensex was at 70,795, up 281 points from previous close led by Infosys, JSW Steel. Nift was at 21,270, up 87 points. 

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Sensex Today Live: Indices were higher in pre-opening session with Sensex up 270 points 

Indices were higher in pre-opening session with Sensex up 270 points at 70,783.64 at 0905 am. Cipla, Hero Moto, PVR Inox in focus

Sensex Today Live: After a good run, ITC stock now lacks near-term spark

ITC Ltd’s investors have little to complain about. Since its meeting with analysts in December 2021, the cigarette-maker’s shares have doubled. What is more, the strategies outlined by the company at its recent analysts’ meet point to solid long-term prospects.(read more)

Sensex Today Live: Oil prices likely to see first weekly rise in two months

Oil prices rose in early Asian trade on Friday, on track to notch their first weekly rise in two months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year and a weaker dollar.

Brent futures rose 9 cents to $76.70 a barrel while U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68.

Sensex Today Live: Big chunk of CPI items within RBI’s range, yet inflation is up

Retail inflation in November rose at the quickest pace in three months, but a closer look tells a slightly different story.

The basket of goods and services used to compute retail inflation now has nearly 49.3% items that are within the central bank’s inflation tolerance range of 2-6%, a Mint analysis showed. (Read more)

Sensex Today Live: Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher on markets 

Nifty after the Bullish Hammer pattern on the daily chart opened with a huge gap up to scale new record high once again to touch 21,210 levels during the intraday session to indicate a clear breakout above the 21000 zone. With the index entering a new territory the next target expected is around 21,600 and further ahead 22,300 levels in the coming days.”

“Bank Nifty has indicated a clear breakout above the crucial 47,500 levels to strengthen the trend overall and has opened the gates for further targets of 49,200 and 50,000 levels in the coming days. From current levels, the zone near 46,300 level shall be maintained as the important support zone from current levels.”

Parekh recommended three intraday stocks for today — GAIL, L&T Finance and AU Small Finance Bank.

Sensex Today Live: Stocks at new highs as Fed signals three cuts in 2024

India’s benchmark stock indices rallied to fresh highs on Thursday after the US Federal Reserve brought the curtains down on interest rate hikes and indicated the possibility of three rate cuts in 2024.

BSE’s 30-stock Sensex jumped 929.60 points or 1.34% to close at 70,514.2 points. Nifty 50 index rose 1.23% or 256.35 points to close at an all-time high of 21,182.7, after touching an intra-day peak of 21,210.9.

Sensex Today Live: Hero MotoCorp, Panacea Biotech, BHEL, Vedanta, Texmaco are some of the stocks to watch today

Hero MotoCorp, Panacea Biotech, BHEL, Vedanta, Texmaco, Infosys, PVR, Cipla are some of the stocks to watch in trade today.

Sensex Today Live: Asian markets are trading higher, taking cues from Wall Street

Asian markets are trading higher, taking cues from Wall Street’s overnight gains. Japan’s Nikkei 225 and South Korea’s Kospi saw modest increases, while Australian shares hit a four-month high, buoyed by strong jobs data and US Federal Reserve’s rate cut outlook for next year.