Stock Market LIVE: Sensex Flat, Nifty Holds Above 24,600

Top Gainers - Tech Mahindra, IndusInd Bank, Adani Ports, Infosys, TCS, Bharti Airtel, ICICI Bank, HCL Tech, Axis Bank and Bajaj Finance. 
Top Losers: HDFC Bank, ITC, PowerGrid, Bajaj FinServ, M&M, Sun pharma, Nestle India, Tata Steel, Kotak Bank, Reliance, JSW Steel, Asian Pains, Maruti Suzuki and L&T

Tata Communications has introduced Kaleyra AI, an advanced artificial intelligence-powered portfolio that promises to revolutionize customer interactions. This new suite offers three capabilities beyond traditional communication tools, seamlessly integrating with communication channels and live agent interfaces. Leveraging Generative AI (GenAI), it aims to deliver a competitive edge through personalized, engaging, and streamlined customer experiences. As of today, Tata Communications' stock opened at Rs 1849.95, with a previous close of Rs 1839.95. By 10:50 AM, it was trading at Rs 1845.15, up by Rs 5.20 (+0.28%). 

Shares of Gland Pharma surged 5% after the company received FDA approval for its phytonadione injectable emulsion USP, 10 mg/mL, in single-dose ampoules. The product is bioequivalent to Hospira Inc.'s vitamin K1 injectable emulsion and is used to treat coagulation disorders stemming from vitamin K deficiencies.

Within an hour of the market opening, the Sensex displayed mixed signals. After starting flat at 81,476.76, the index is currently trading at 81,497.28, down by 28.86 points or 0.04%.

‘The Nifty finds itself in a state of price compression based on two types of popular "Narrow Range" patterns that suggest a trending type of move may just be around the corner. The bias remains higher as long as the 24360 - 24445 area holds, with the upside hurdle range coming in play between 24800 and 25000,’ Akshay Chinchalkar, Head of Research at Axis Securities,

The Board of Vedanta will convene on December 16 to discuss the potential declaration of the fourth interim dividend on equity shares for the financial year 2024-25.
 

Shriram Finance shares gained attention as the company sold its 84.44% stake in Shriram Housing Finance to Warburg Pincus for Rs3,929 crore. Today, The stock opened at Rs 3,248.60 and traded at Rss3,255.50 (+0.25%) as of 9:45 AM.

Smallcap and midcap stocks have achieved their 15th consecutive day of gains, with the Nifty Smallcap 100 index increasing by 0.25% and the Nifty Midcap 100 rising by 0.15%.

The BSE Sensex opened 49.38 points, or 0.06%, lower at 81,476.76. Similarly, the Nifty50 started on a flat down with 37.35 points, or 0.15%, at 24,604.45.

Sai Life Sciences IPOPrivate equity major TPG Capital-backed Sai Life Sciences has collected Rs 913 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

The Tech-heavy Nasdaq Composite ended above the 20,000 level for the first time.  In extended trading, software giant Adobe
Declined following the company’s weaker-than-expected revenue guidance for the current quarter. During Wednesday’s regular trading session, the Nasdaq gained, topping the 20,000 threshold and posting an all-time high and a closing record. The broad market S&P 500 ended in green, and the Dow underperformed. US consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate cut next week to support a labor market that has been cooling.
 

On Wednesday, Indian stocks ended flat Wednesday, with Sensex up 16 points to 81,526 and Nifty holding above 24,600. Auto, FMCG, and IT stocks lifted sentiment, while PSU banks dragged. Ultratech, Trent and Bajaj Finance led gains, while JSW Steel and Adani Ports slipped.