Sensex Today | Stock Market Live Updates: Sensex climbs 400 points, Nifty above 21,550; PSU Banks, metals top sectoral gainer

11 months ago

10:45:12 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Aarti Industries enters into a long-term supplycontract with a Global Agrochem major for a nicheagrochemical intermediate with a revenue potential of overRs 3000 crores.

10:33:55 AM IST, 27 December 2023

Happy Forgings, the esteemed manufacturer of complex machinery components, made a debut on the stock market that landed slightly below pre-listing expectations. Nevertheless, the company secured a commendable 17.65% gain, listing at Rs 1000 per share compared to its IPO price of Rs 850. Happy Forgings presents a mixed bag for investors. The lower-than-expected listing raises concerns, but the decent gain and strong fundamentals offer a counterpoint. A careful evaluation of both sides is crucial before making any investment decisions. Given the uncertainty surrounding the listing, a cautious approach is recommended. Existing investors in the IPO may consider holding their shares with a stop loss at 900. However, investors who were looking for listing gains may exit their positions

– Post-listing view on Happy Forgings from Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.

10:31:11 AM IST, 27 December 2023

Sensex Live Updates: Sensex jumps over 400 points!

10:20:12 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: RBZ Jewellers shares unchanged on debut, list at par with IPO price

The shares of RBZ Jewellers listed unchanged on the exchanges on Wednesday. The stock debuted at Rs 100 on the bourses as against the IPO price of Rs 100.

Ahead of the listing, the company’s shares traded flat in the grey market.

10:18:22 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Credo Brands shares make a muted debut on D-Street, list at mere 1% premium

The shares of Credo Brands listed on the exchanges with a premium of 0.8% on Wednesday. The stock was listed at Rs 282.3 on NSE compared with an issue price of Rs 280.

Meanwhile, the stock was listed with a premium of 0.7%, at Rs 282 on BSE.

10:12:45 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Happy Forgings shares list at 18% premium over IPO price

Shares of Happy Forgings listed on the exchanges at a premium of 18% on Wednesday. The stock listed at Rs 1001.2 on BSE, up 17.8% against the issue price of Rs 850. On NSE, it debuted 17.6% higher at Rs 1000.

Ahead of the listing, the company’s shares fetched a premium of Rs 282 in the unlisted market.

09:54:31 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: L&T Construction wins a major EPC order to establishrenewable generation, power utilities and water systemsfor an ultra-luxury tourism destination in Saudi Arabia.

09:49:51 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: State-owned SJVN rose 4.4% after the company secured a 100 MW solar power project from Gujarat Urja Vikas Nigam, to be developed by its unit SJVN Green Energy at a tentative cost of Rs 550 crore.

09:39:09 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Adani Energy Solutions shares rose 4% after the company received a Letter of Intent (LoI) for the acquisition of a special purpose vehicle Halvad Transmission from PFC Consulting.

09:34:10 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: IT major Wipro has sued its former chief financial officer Jatin Dalal in a civil court in Bengaluru, reported the Times of India on Wednesday. Dalal joined rival Cognizant as the CFO on December 1.

09:22:37 AM IST, 27 December 2023

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The resilience of the market even in the holiday season, which is normally devoid of much action, is an indication of its underlying bullishness. The global support to the market from the mother market US where the S&P 500 is close to all-time high is significant.

There are areas of concern which investors have to be careful about. Several IPOs getting heavily oversubscribed is an indication of exuberance. There is frenzy in the mid and small cap segments where valuations are excessive. The rally in the PSU space, in some segments like ship building, are being driven by hope based on order inflows. The market is ignoring the execution challenges here.

Investors should give priority to high quality bluechips which are doing well and have good earnings visibility.

A correction in the broader market is inevitable.

09:20:21 AM IST, 27 December 2023

Rupee falls 3 paise to 83.22 against US dollar in early trade.

09:19:41 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: SAIL, SJVN among most active stocks in morning trade

09:18:36 AM IST, 27 December 2023

Opening Bell: Sensex climbs 250 points, Nifty above 21,500; Kansai Nerolac soars 7%, KPI Green drops 3%

09:12:26 AM IST, 27 December 2023

Stock market pre-open: Sensex rises over 150 points, Nifty above 21,400

08:41:24 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates | Wipro stock in focus

IT major Wipro has sued its former chief financial officer Jatin Dalal in a civil court in Bengaluru, reported the Times of India on Wednesday. Dalal joined rival Cognizant as the CFO on December 1. According to the report, Dalal has filed an application, asking the court to refer the matter to arbitration. While the grounds of the lawsuit are unclear, but the TOI report suggests that the court has heard the arguments from both parties, and the next hearing is scheduled on January 3.

08:39:52 AM IST, 27 December 2023

Despite Christmas festivities concluding, the market and Nifty may still have reason to celebrate. Nifty perma-bulls anticipate a Happy New Year, with the bullish theme centered around the ‘Santa Claus Rally.’ Historical patterns, driven by investors embracing cooling inflation euphoria and optimism about India’s growth prospects, suggest a positive outlook. The year-end window dressing theme is expected to support stocks this week, with Nifty’s technical analysis pointing to an upside target of 21593. Caution is advised only if Nifty slips below 20976. Options data indicates a potential trading range of 21000-22000. As the Perma-bulls gear up for year-end celebrations, Nifty is poised to explore uncharted territory. The recommended trades include buying Nifty at CMP with a stop at 20929 and targets at 21501/21593, and buying Bank Nifty at CMP with a stop at 46611 and targets at 47901/48219. The chart of the day is bullish on LUPIN, CIPLA, GRANULES, COAL INDIA, BRITANNIA, and SUN PHARMA. The top stock to buy is LUPIN (CMP 1283), with a stop at 1223 and targets at 1309/1323, with aggressive targets at 1357, driven by momentum play.

– Prashanth Tapse, Senior VP (Research), Mehta Equities

08:30:48 AM IST, 27 December 2023

Stocks in F&O ban today

1) Hindustan Copper
2) Balrampur Chini Mills
3) Delta Corp
4) Nalco
5) RBL Bank

08:05:08 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Three companies to list today, here’s what to expect

07:55:13 AM IST, 27 December 2023

Stock Market Live Udpates: Dollar under pressure

The dollar index, which measures the U.S. currency against six rivals, was at 101.54, just shy of the five month low of 101.42 it touched last week. The index is on course for a 1.9% drop in 2023 after two straight years of strong gains on the back of the Fed hiking rates to battle inflation.

07:54:47 AM IST, 27 December 2023

Stock Market Live Updates: Oil prices fall

Oil prices fell in early Asian trade on Wednesday, trimming strong gains from the previous session as major shipping firms began returning to the Red Sea despite continued attacks and escalating tensions in the Middle East.

Brent crude futures fell 18 cents, or 0.22%, to $80.89 a barrel by 0101 GMT. U.S. WTI crude futures were down 22 cents, or 0.29%, at $75.35 a barrel.

07:54:54 AM IST, 27 December 2023

Stock Market Live Updates | Wall Street ends higher

US stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon as March. All three major US stock indexes rose in light trading a day after the Christmas holiday, with the S&P 500 touching its highest intraday level since January 2022.

Dow Jones Industrial Average rose 0.43%
S&P 500 gained 0.42%
Nasdaq Composite added 0.54%

07:52:16 AM IST, 27 December 2023

Sensex Today | Stock Market Live Updates: Asian shares rise in Wednesday’s trade

Shares in Asia rose after gains in US stocks pushed the S&P 500 to within a whisker of its record high as investors bet that the Federal Reserve will cut interest rates as early as March. The MSCI Asia Pacific Index jumped as much as 0.8%, the highest in over four months, with most markets in the green. Australia’s S&P/ASX 200 index rose to its highest intraday level since April 2022.

07:51:36 AM IST, 27 December 2023

Sensex, Nifty end higher on Tuesday for 3rd session

The 30-share BSE benchmark Sensex rose 230 points or 0.32% to settle at 71,337. The broader NSE Nifty added 92 points or 0.43% to end at 21,441.

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