Stock Market LIVE: Sensex Ends Flat, Nifty Slips Slightly

The Sensex closed at 78,472.87, down by 67.30 points (-0.09%). Top gainers on the index included Tata Motors, ITC, Nestle India, NTPC, and TCS, while the top losers were PowerGrid, SBI, Infosys, Titan, and Tata Steel.

Meanwhile, the Nifty settled at 23,727.65, shedding 25.80 points (-0.11%). Key gainers on the index were Tata Motors, Adani FNT, Eicher Motors, Nestle India, and BPCL, while PowerGrid, JSW Steel, SBI Life, Titan, and Infosys featured among the top losers.

Syschem (India) Ltd. has approved a fundraising initiative by issuing 1.67 crore convertible warrants at a price of Rs 49 each to raise capital.

Aarti Drugs has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA), officially concluding the inspection as closed.

Nifty IT declines by 0.33%, leading the loss are HCL Tech, Tech Mahindra, Wipro, Infosys and Mphasis

Markets regulator Sebi on Monday imposed a suspension on trading in Bharat Global Developers Ltd (BGDL) following allegations of financial misrepresentation, misleading disclosures, price manipulation, and the offloading of shares at inflated prices.

Gainers - Tata Motors, Adani Ent,  Trent, BPCL & ITC
Losers - JSW Steel, Titan, Powergird, SBI Life Insurance and Hindalco Industries

Gainers - Tata motors, ITC, Nestle India, NTPC and Zomato 
Losers- Titan, Power Grid, SBI, Adani Ports and Bharti airtel

Bharat Electronics Limited (BEL) has announced fresh order wins worth Rs 973 crore since its last update on December 9. With this latest development, the company's total order inflow for 2024 has climbed to an impressive Rs 9,801 crore.

The Board of Directors of Allcargo Gati has approved the sale of its fuel station located in Belagavi, Karnataka, for a sum of Rs 3 crore. The sale agreement is expected to be executed by January 2025.

Deepesh Baxi will step down from his position as Chief Financial Officer (CFO) and Wholetime Director of Castrol India, effective at the close of business hours on 13 March 2025. He is leaving the company to pursue new opportunities outside of the organization. As a result, he will also cease to serve as a Director and CFO from that date.

Dr Reddy’s Laboratories SA (DRSA), a wholly-owned subsidiary of Dr. Reddy's Laboratories, has established a new wholly-owned subsidiary in Finland, named Dr. Reddy's Finland Oy, on December 20, 2024. As a result, Dr. Reddy's Finland Oy is now a step-down wholly-owned subsidiary of the

Symphony Limited has entered into a 2nd Addendum to its loan agreement dated June 28, 2023, with Symphony AU Pty Limited (SAPL), a wholly owned subsidiary of the company. The loan will be disbursed in one or more tranches to support SAPL's working capital needs and general corporate purposes.

The agreement size has been increased from A$ 10 million to A$ 15 million. Symphony Limited holds 100% of the shares in SAPL.

Gulf Oil Lubricants India Ltd. has formed a strategic partnership with Nayara Energy, India's largest private fuel retailer. Through this collaboration, Gulf’s full range of automotive lubricants will be available across Nayara’s network of over 6,500 retail outlets. The three-year agreement aims to strengthen Gulf Oil’s brand presence and expand product availability, particularly along India’s growing highway infrastructure.

MIC Electronics has received approval from the Competent Authority for its capacity and capability assessment (CCA) related to the GPS-based Public Address & Passenger Information System (PAPIS) and LED destination boards in both AC and Non-AC ICF & LHB coaches. 

The Sensex closed at 78,674.75, up by 134.58 points or 0.17%, reflecting modest gains in the market. Leading the list of top gainers were Tata Motors, ITC, Nestle India, Reliance Industries, ICICI Bank, and Axis Bank. On the downside, Tata Steel, Bajaj Finance, SBI, Titan, Maruti, and Power Grid emerged as the biggest losers of the day.

BPCL's board has approved the initiation of pre-project activities for the establishment of a greenfield Refinery and Petrochemical complex on the East Coast of Andhra Pradesh, with an estimated investment of Rs 6,100 crore.

These initial activities will include various studies, land identification and acquisition, the preparation of a Detailed Feasibility Report, Environmental Impact Assessment, Basic Design Engineering, and Front End Engineering Design, among other essential steps.

The Indian rupee has fallen to a new record low of 85.20, driven by a robust dollar and sustained demand for the greenback from importers. Meanwhile, bond yields have edged lower.

The stock market in 2025 will see 18 holidays. The first one will be on January 26, 2025, for Republic Day, and the last one on December 25, 2025 for Christmas. In February, May, November, and December there will be one holiday, In March there are two holidays, April has three, May has one, August has two, October has three, and November and December one each.

Honda and Nissan, Japan's second- and third-largest automakers, are exploring a merger to counter falling sales, particularly in China. The two companies, with a combined market value of $50 billion, will spend the next six months discussing a potential deal. Mitsubishi Motors, 34%-owned by Nissan, will decide by next month if it will join the talks. A holding company may be formed, listing on the Tokyo Stock Exchange in August 2026, with both brands eventually delisting, as per the report by Reuters.

Astra Microwave has entered into a Joint Venture Agreement (JVC) with Manjeera Digital Systems Private Limited, Hyderabad. As a result of this collaboration, a new Joint Venture Company, named Navitronics Private Limited, has been incorporated on December 23, 2024.

Mahanagar Telephone Nigam Ltd. (MTNL), a public sector telecom service provider, saw its shares surge by 4% in the morning trade following the board's approval of a proposal aimed at reducing employee costs.

In the Indian market today, nifty metal is on a decline by 0.71% top losers are SAIL, Vedanta, National Aluminium Company, APL Apollo Tubes, NMDC, Tata Steel, JSW Steel, Jindal Steel & Power and Hindalco Industries

TVS Motor Company has completed the acquisition of 7,914 equity shares in DriveX, increasing its stake to 87.38%. This move makes DriveX a subsidiary of TVS, as it now holds 39.11% of the company's issued share capital. The acquisition strengthens TVS's position in the growing mobility sector.

According to the market tracker website, the last GMP for Mamata Machinery IPO is Rs 260, as of today. With a price band of Rs 243.00, the estimated listing price for Mamata Machinery IPO is Rs 503 (cap price plus today's GMP). This suggests an expected potential gain of 107.00% per share.
 

Biocon's stock saw a notable uptick after the company announced that it, in collaboration with its European partner Zentiva, has received Decentralized Procedure (DCP) approval for its complex formulation of Liraglutide in the European Union (EU). This approval covers the generic versions of Novo Nordisk's drugs, Victoza®, for Type-2 Diabetes, and Saxenda®, for weight management treatment. The approval marks a significant milestone in Biocon’s expanding footprint in the global generics market.

Oberoi Realty has entered into a Development Agreement for 81.05 acres of land in Tekali, Alibaug, Maharashtra. The project includes the construction of a luxury 5-star hotel and resort spanning 8.6 acres (30,000 sqm of FSI), along with 150 high-end branded residential villas on the remaining 72.45 acres (120,000 sqm of FSI).

Gainers - Tata Motors, Adani Ent, TCS, BPCL and Trent 
Losers- Tata Steel, HDFC Bank, JSW Steel, IndusInd Bank and ICICI Bank

In the early hours of trade, sectoral indices are showing a mixed trend. While Nifty Auto, FMCG, IT, Media, PSU Bank, Realty, Healthcare, and Oil & Gas sectors are in the green, Nifty Bank, Financial Services, Metal, and Pharma sectors are experiencing declines.

MTNL has approved a proposal aimed at reducing employee costs by offering a Voluntary Retirement Scheme (VRS) to its employees. The scheme, which will be implemented primarily on the lines of the Gujarat Model, will feature a reduced ceiling for ex-gratia payments. It will be available to both Executives and Non-Executives aged 45 years and above.

The Nifty Smallcap 100 index started on a positive note but quickly lost momentum, now trading around the 18,650 mark, down by approximately 0.2%. Similarly, the Nifty Midcap 100 opened slightly higher than its previous close but soon turned negative, currently trading below the 57,000 level with a decline of around 0.3%.

Gainers - Tata Motors, TCS, Reliance, Sun Pharma, Nestle India, Asian Paint and Adani Ports
Losers - Tata steel, Bharti airtel, Zomato, HDFC Bank. Titan, SBI, Kotak Bank, ICICI Bank and ITC

Whirlpool of India Limited ("Whirlpool") and PG Electroplast Limited ("PGEL") have entered into a Definitive Agreement for the contract manufacturing of select Whirlpool-branded semi-automatic washing machines. As part of the arrangement, PGEL will manufacture certain SKUs at its Roorkee factory. PGEL has been an existing supplier for Whirlpool’s branded air conditioners, and both companies will continue to explore potential expansion opportunities in the future.

On Tuesday, the domestic stock markets have opened positively flat with a marginal upside in BSE Sensex and the National Stock Exchange's Nifty 50 index. .

In pre-open trade, Sensex is trading at 78,721.35, up by 181.18 points (+0.23%), while Nifty stands at 23,707.60, down by 45.85 points (-0.19%).

MMTC received a warning letter from NSE and BSE dated December 20, 2024, regarding the non-convening of the Stakeholders Relationship Committee during the financial year 2023-2024. 

Bharat Forge Limited's Investment Committee (Strategic Business) has approved a $64.50 million fund infusion into Bharat Forge Aluminium (BFA). Of the total amount, $19.50 million will be retained by BFA for its operations, while $30 million will be invested in Bharat Forge Aluminum USA, Inc., a wholly-owned subsidiary. The remaining $15 million will be directed towards Bharat Forge PMT Technologie LLC, another wholly-owned subsidiary. This strategic investment highlights Bharat Forge's commitment to bolstering its global operations and subsidiaries.

Two individuals, including a former Deloitte India employee, have settled with the Securities and Exchange Board of India (Sebi) over allegations of insider trading violations by paying a settlement fee of Rs 74 lakh. Nimai Parekh and Rahil Dalal, the applicants, agreed to resolve the case without admitting or denying the findings of fact and conclusions of law, according to Sebi.

On Monday, Adani Defence & Aerospace (ADSTL) has signed a binding agreement to acquire an 85.8 per cent stake in Air Works India (Engineering) Pvt. Ltd., India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for an enterprise value of Rs 400 Crore. The deal marks a significant move in Adani’s strategic expansion in India’s aviation and defence sectors. 

On Monday, The Securities and Exchange Board of India (SEBI) has announced plans to auction 28 properties from five companies, including Bishal Group, Sumangal Industries, and Ravi Kiran Realty India, as part of its ongoing efforts to recover funds that were illegally collected from investors. The auction will take place online on January 27, 2025, between 11 AM and 1 PM, with a reserve price set at Rs 28.66 crore.

The National Stock Exchange of India ( NSE ) and the Bombay Stock Exchange ( BSE ) have announced that they will conduct a live trading session on Saturday, February 1, 2025, in connection with the presentation of the Union Budget 2025. Both exchanges will operate as usual, with trading hours from 9:15 AM to 3:30 PM, the exchanges further said.

Oil prices rose on Tuesday during thin trading ahead of the Christmas holiday, driven by positive US economic data and increased oil demand from India, the world’s third-largest oil importer.

At 0114 GMT, Brent crude futures climbed 33 cents, or 0.45%, to $72.95 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42%, to $69.53 a barrel, according to a Reuters report.

Gift Nifty, a key early indicator for domestic equity indices, suggests a flat opening for the Nifty. At 7:45 AM, it was trading at 24,772, down by 30.50 points or 0.13%

Asia-Pacific markets showed mixed movements on Christmas Eve, following gains in US tech stocks.

Japan’s Nikkei dipped slightly after the Bank of Japan reaffirmed its rate hike commitment. Honda surged after announcing merger talks with Nissan, though Nissan shares fell.

South Korea’s Kospi declined, while the Kosdaq edged up, as consumer confidence hit a two-year low. Hong Kong’s Hang Seng and China’s CSI 300 rose modestly, while Australia’s S&P/ASX 200 gained in a shortened session.

As the holiday spirit settled in the US market, Monday's trading session was quiet yet optimistic, with all three major indices closing higher. The S&P 500 inched up, supported by gains in tech and semiconductor stocks, while the Nasdaq Composite outperformed, driven by strong rallies in some key names. The Dow Jones Industrial Average also logged a modest climb, reflecting cautious enthusiasm as investors prepared for a holiday-shortened week. The markets are set to remain closed on Wednesday in observance of Christmas Day.

Indian equity markets ended Monday on a positive note, with both the Sensex and Nifty clocking gains. The Sensex surged 498.58 points, or 0.64%, to close at 78,540.17, while the Nifty advanced 165.95 points, or 0.7%, to settle at 23,753.45.

Key Gainers and Losers:
On the Sensex, the top gainers included Tech Mahindra, ITC, HDFC Bank, Tata Steel, Mahindra & Mahindra (M&M), Hindustan Unilever (HUL), and NTPC. In contrast, Bajaj Finserv, Tata Motors, Power Grid, TCS, Asian Paints, and Nestle India were the top laggards.

For the Nifty, ITC, JSW Steel, Hindalco, HDFC Bank, and ONGC led the rally, while Hero MotoCorp, Maruti Suzuki, Nestle India, TCS, and HCL Tech closed in the red.

Sectorally, Nifty Bank spearheaded the rally, followed by Financial Services, FMCG, IT, Metal, and Pharma. However, sectors such as Nifty Auto, Media, and Healthcare lagged, underperforming the broader markets.