Closing Bell: Sensex ends at record high, skyrockets 930 pts; Nifty near 21,200; HUDCO climbs 13%, Infy 4%
04:58:28 PM IST, 14 December 2023
Rupee closes stronger but lags Asian peers post Fed’s dovish surprise
The rupee ended at 83.33 against the U.S. dollar, up by 0.08% compared to its close of 83.40 in the previous session. While the rupee had opened stronger at 83.2725, dollar demand from importers and oil companies ate into the local unit’s gains, traders said.
The market continued its exuberance and hit a fresh high amid the dovish commentary from the Federal Reserve, signalling at least three rate cuts in 2024. Further, the sharp fall in US bond yields improved investors’ confidence. An upgrade in India’s GDP forecast, ease in global oil prices, and the RBI decision to clamp down inflation to the target level, led to a broad-based rally with outperformance from Realty and IT.
– Vinod Nair, Head of Research at Geojit Financial Services
The US Fed’s decision to leave rates unchanged lifted the world equity market mood, including India which saw benchmark indices reach yet another record highs on the back of a frenzied buying support. Besides, falling crude oil prices and foreign investors pumping in money into domestic equities has bolstered investors’ sentiment. With India continuing to post strong growth numbers and hopes of rate cut expected in the middle of next year, optimism in equity markets could continue in the medium term.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
03:38:19 PM IST, 14 December 2023
Jupiter Wagons receives order worth Rs 1617 crore
03:36:20 PM IST, 14 December 2023
Top gainers & losers in closing trade
03:35:28 PM IST, 14 December 2023
Closing Bell: Sensex ends at record high, skyrockets 930 pts; Nifty near 21,200; HUDCO climbs 13%, Infy 4%
03:33:21 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Infibeam Avenues to acquire 100% stake of Saudi Arabia unit for information systems technology
03:26:09 PM IST, 14 December 2023
India’s Nov Russian oil imports up 3% from Oct
Russia became India’s top oil supplier this year as the south Asian nation was drawn to Russian oil discounts after some Western companies shunned purchases from Moscow following its invasion of Ukraine in February last year.
03:08:12 PM IST, 14 December 2023
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03:05:58 PM IST, 14 December 2023
Commodity Watch | IEA raises 2024 oil demand growth forecast despite economic gloom
Despite the upgrade, there is still a sizeable gap between the IEA, which represents industrialised countries, and producer group OPEC over 2024 demand prospects. The two have clashed in recent years over issues such as long-term demand and the need for investment in new supplies.
02:49:51 PM IST, 14 December 2023
WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion
The last positive WPI inflation was recorded in March at 1.41 per cent.
02:24:46 PM IST, 14 December 2023
Zydus Lifesciences Receives Final Approval From USFDA For Cyclophosphamide Capsules
02:24:22 PM IST, 14 December 2023
Jindal SAW Approves Raising Of Funds Upto 10 Billion Rupees
02:23:48 PM IST, 14 December 2023
Nirman Agri Genetics Receives Purchase Order To Supply Agricultural Seeds Worth 4.1 Million Rupees
02:22:51 PM IST, 14 December 2023
Oriental Rail Infrastructure Unit Secured Order Worth 4.85 Billion Rupees
02:21:23 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Jio Financial Services says Securities Appellate Tribunal quashed SEBI order on penalty on co
02:02:06 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Azad Engineering gets Sebi’s go-ahead for Rs 740-cr IPO
Azad Engineering Ltd has received capital markets regulator Sebi’s go-ahead to raise Rs 740-crore through an initial public offering (IPO).
01:42:56 PM IST, 14 December 2023
SENSEX SKYROCKETS 1000 PTS!
01:38:20 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: AIFs deliver 13.5% IRR alpha over Sensex during 2013-2023: CRISIL
Notwithstanding top performance of Indian headline indices, AIF benchmarks have outperformed the S&P BSE Sensex, generating an internal rate of return (IRR) alpha of 13.5% as of March 2023, a CRISIL report reveals. This outperformance is not limited to a handful of funds as over 75% of them in the benchmark have generated a positive alpha, the report said.
01:38:21 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Adani Green Energy on Thursday announced the incorporation of two step-down subsidiaries, Adani Renewable Energy Fifty One Ltd and Adani Renewable Energy Fifty Five Ltd. Adani Saur Urja (KA) Ltd, a wholly-owned subsidiary of the company, has incorporated its wholly-owned subsidiary, namely, Adani Renewable Energy Fifty One Ltd (ARE51L), on December 13, 2023, a BSE filing stated.
01:21:25 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Mcap of BSE-listed firms jumps to record high of Rs 354.41 lakh crore
The market capitalisation of BSE-listed companies surged to an all-time high of Rs 354.41 lakh crore in early trade on Thursday, with investors becoming richer by Rs 3.22 lakh crore, as the benchmark Sensex hit its all-time high level driven by a rally in global equities.
01:19:54 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Inox India fully subscribed, garners 1.17x bids
The initial public offer (IPO) of Inox India was fully subscribed on the first day of bidding. The issue was booked 1.17x so far, driven by strong interest from retail and HNI investors.The category reserved for retail investors was subscribed 1.66 times, while the NII portion garnered bids of 1.6 times. The category reserved for QIB category was subscribed just 1%.
12:50:00 PM IST, 14 December 2023
Stock Market LIVE Updates | Dhabriya Polywood has received work order from Omaxe Group for supply & installation of uPVC windows & doors for a total value of Rs 5.98 crore.
12:36:07 PM IST, 14 December 2023
Mufti jeans maker Credo Brands’ Rs 550-cr IPO to open on Dec 19
The company’s issue is entirely an offer for sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders. Credo Brands Marketing is among the leading homegrown brands in the mid-premium and premium casual men’s wear market in the country.
12:21:21 PM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Crypto Price Today: Bitcoin rises above $42,700
Major crypto tokens were trading higher in Thursday’s trade after the US Federal Reserve flagged the end of its tightening cycle and bolstered expectations of a rate cut in March 2024.The Fed acknowledged it is making real progress in easing inflation while maintaining a rate pause and adding that hikes were not the base case anymore.
12:15:19 PM IST, 14 December 2023
Stock Market LIVE Updates: HDFC Life, Power Grid among 5 stocks with short buildup
In Thursday’s trading session, five stocks witnessed a build of fresh short positions. Power Grid Corporation stock price fell 1.95% and open interest saw an increase of 2.47%.
11:58:04 AM IST, 14 December 2023
Stock Market LIVE Updates: Shriram Finance, Persistent Systems among 5 stocks with long buildup
In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
11:51:17 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Tata Technologies inaugurates a vehicle-software focussed Innovation Centre in Coimbatore
11:40:50 AM IST, 14 December 2023
Stock Market LIVE Updates: Europe’s stock exchanges face calls to reform fees to challenge Wall Street
Top stock exchange operators in Europe are under pressure from some investors and brokers to trim and simplify their fees to build a deeper capital market that challenges Wall Street’s allure to new company listings.
11:31:29 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Water purifier maker Eureka Forbes (EFL) is set to benefit from a strong unmet need for clean water among Indian consumers, low industry penetration and ownership change in the company, Kotak Institutional Equities said in a note. The DCF-based fair value of the stock is Rs 670 which is valued at 55X 1-year P/FCF, Kotak said.
11:25:56 AM IST, 14 December 2023
Stock Market LIVE Updates | The initial public offer (IPO) of DOMS Industries subscribed 7 times so far on the second day of the bidding process on Thursday. The issue was booked 5.72 times on day one, led by strong demand from retail and non-institutional investors.
10:53:29 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: 36.7 lakh shares of L&T Finance Holdings change hands
10:41:15 AM IST, 14 December 2023
Stock Market LIVE Updates: What makes GSPL an attractive buy
Gujarat State Petronet Ltd, part of the gas transmission space, remained largely rangebound but recent price action helped the stock to break out from a falling trendline resistance on the weekly charts.
10:31:26 AM IST, 14 December 2023
Stock Market LIVE Updates: S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension
Vedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility.
The company also said it started consent solicitations with existing bondholders to extend debt maturity profile, allowing for extension of maturities, amendments to bond terms and seeking certain waivers.
10:26:56 AM IST, 14 December 2023
Sensex Today | LIC portfolio jumps by Rs 80,000 crore in 50 days
Biggest India bull Life Insurance Corporation of India (LIC), which is the largest domestic institutional investor on Dalal Street, has raked in a notional profit of about Rs 80,000 crore in the last 50 trading sessions.
10:14:59 AM IST, 14 December 2023
Stocks lapped up by MFs in Nov
Mutual fund managers in November bought into stocks and sectors that have not participated in the recent run-up. Insurance and hospital stocks such as LIC, HDFC Life, Star Health, Narayana Hrudayalaya and Max Healthcare were some of their picks during the month.
10:03:43 AM IST, 14 December 2023
Sensex soars 900 points: Top Sensex stocks that hit 52-week high
09:52:22 AM IST, 14 December 2023
Sensex Today | Sensex gallops 850 points
09:40:08 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Nifty IT advances over 2%; here are the top gainers from pack
09:30:52 AM IST, 14 December 2023
Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The takeaway from the Fed message yesterday is that the tightening cycle is over and three rate cuts are possible in 2024. The market expects four. The record breaking rally in the Dow will send many indices to new records.
The crash in the US 10-year yield to 4% will trigger large capital flows to India. The main beneficiaries will be the large caps, particularly the fairly valued large caps in banking. IT too is likely to attract buying.
Retail exuberance can lift the mid and small caps, too; but there is no valuation comfort in this segment.
09:27:44 AM IST, 14 December 2023
Rupee rebounds 13 paise to 83.27 against US dollar in early trade.
09:22:11 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Bank of India, SAIL among most active stocks in morning trade
09:20:41 AM IST, 14 December 2023
Opening Bell: Dovish Fed powers D-St to fresh record highs! Sensex surges 650 points; Nifty above 21,000
09:13:19 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: 10% equity block deal in Fusion Micro
09:09:35 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex jumps over 500 points; Nifty above 21,100
08:44:29 AM IST, 14 December 2023
Sensex Today | Stock Market View: Pre-open comment by Prashanth Tapse, Senior VP (Research), Mehta Equities
This Thursday morning brings three positive developments: WTI Oil prices touching a five-month low at $69 a barrel, FIIs purchasing shares worth Rupees 4711 crores in yesterday’s trade, and the 10-year US Treasury note yield falling below 4.1%, the lowest since early August. The Federal Reserve’s decision to keep interest rates steady at 5.25%-5.5% for the third time aligns with market expectations, with the FOMC anticipating a slowdown in inflation to 2.4% in 2024. Market sentiment increasingly reflects expectations of a future interest rate cut. From a technical perspective, Nifty and Bank Nifty face hurdles and support levels, indicating a likely trading range. The preferred trades suggest buying Nifty and Bank Nifty at current levels, with specific stop-loss and target points. The overall mood is optimistic on Dalal Street, emphasizing a bullish outlook.Additionally, specific stocks like BANK OF BARODA, SUN PHARMA, ZOMATO, PERSISTENT SYSTEM, and MUTHOOT FINANCE are recommended for purchase on intraday weakness. The top stock pick is BANK OF BARODA, supported by a breakout play strategy.
08:05:13 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Asian equities follow Wall Street higher; yields and dollar down
Asian stocks broadly rallied on Thursday morning, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead.
07:52:42 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Dollar takes a dive after Fed signals rate cuts next year
The dollar was under pressure on Thursday after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024.
07:52:08 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Gold rises as Fed rate-cut prospects dent dollar, bond yields
Gold prices extended gains to a one-week high on Thursday after the U.S. Federal Reserve flagged an end to its tightening cycle and signalled lower borrowing costs in 2024, sending the dollar and Treasury yields tumbling.
07:19:52 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 21,241, signaling that Dalal Street was headed for muted start on Thursday.
07:20:07 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty forms Doji candle ahead of Fed meet outcome
Nifty on Wednesday ended with a marginal gain of 20 points to form a Doji type candle on the daily charts. The upside recovery of Wednesday from the immediate supports signals chances of further upside for the Nifty in the short term. There is a higher possibility of Nifty moving again into all-time highs of 21040+ levels in the near term. Immediate support is placed at 20770, said Nagaraj Shetti of HDFC Securities.
07:20:15 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Rupee falls 3 paise to revisit all-time low of 83.40 against US dollar
The rupee depreciated 3 paise to revisit all-time closing low of 83.40 against the US dollar on Wednesday amid a strong American currency overseas.
07:20:23 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Tokyo stocks slip in early trade
Tokyo stocks were lower in early trade Thursday as a stronger yen against the dollar weighed on exporter shares after the US Federal Reserve signalled interest rate cuts next year.The benchmark Nikkei 225 index was down 0.24 percent, or 80.17 points, at 32,846.18 in early trade, while the broader Topix index slipped 0.85 percent, or 20.12 points, to 2,334.80.
07:20:23 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Dow ends at record high as Fed signals lower borrowing costs in 2024
The Dow Jones industrial average hit its first record closing high since January 2022 and the S&P 500 and Nasdaq rallied more than 1% each on Wednesday after the Federal Reserve signaled that its interest rate-hiking policy is at an end and that it sees lower borrowing costs in 2024.
07:20:30 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Oil rises on Middle East worries, future cuts to borrowing costs
Oil prices rose in early Asian trade on Thursday, extending gains from the previous session following a bigger-than-expected weekly withdrawal from U.S. crude storage and signaling from the U.S. Federal Reserve that it would start lowering borrowing costs in 2024.
07:20:45 AM IST, 14 December 2023
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Wednesday
The 30-share BSE benchmark Sensex rose 34 points or 0.05% to settle at 69,584. The broader NSE Nifty surged 20 points or 0.10% to end at 20,926.
