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Published 08:00 IST, December 9th 2024

Stock Market LIVE: Sensex Drops 200 Points, Nifty Below 24,620

Today, the BSE Sensex closed at 81,508.46, down 200.66 points, while the Nifty 50 ended at 24,619.00, slipping 58.80 points (-0.24%). Earlier in the day, Nifty 50 opened at 24,669.75, down 8.05 points (-0.03%), and the BSE Sensex opened at 81,648.14, dropping 60.98 points (-0.07%).

Reported by: Business Desk
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Stock Market | Image: PTI

Stock Market Live:  Today, the stock market saw a weak start as the Nifty 50 opened at 24,669.75, down by 8.05 points (-0.03%), while the BSE Sensex began the day at 81,648.14, declining 60.98 points (-0.07%). By the end of the trading session, the markets extended their losses, with the BSE Sensex closing at 81,508.46, dropping 200.66 points, and the Nifty 50 settling at 24,619.00, down 58.80 points (-0.24%).
 

Live Blog

Stock Market Live: Today the market closed at with the BSE Sensex closing at 81,508.46, dropping 200.66 points, and the Nifty 50 settling at 24,619.00, down 58.80 points (-0.24%). Please stay tuned with Republic Business to catch the latest stock market news, only at RepublicBiz.com.

 


17:20 IST, December 9th 2024

Closing Bell: Sensex down by 200.66 points, Nifty closed at 24,619.00

The BSE Sensex ended the day at 81,508.46, down 200.66 points, while the Nifty 50 closed at 24,619.00, declining 58.80 points (-0.24%).

Top Gainers: L&T, JSW Steel, Tata Steel, HDFC Bank, Adani Ports, Kotak Bank, Bharti Airtel, and Bajaj Finance.

Top Losers: TCS, Titan, ICICI Bank, Maruti Suzuki, HCL Tech, M&M, Tata Motors, Asian Paints, Reliance, Nestle India, Axis Bank, and Hindustan Unilever.


17:20 IST, December 9th 2024

Nifty PSU Bank index down

The banking sector is under pressure as the Nifty PSU Bank index slips by 0.21 per cent, with notable losses seen in Bank of India, Punjab National Bank, and Axis Bank.



17:20 IST, December 9th 2024

Star Health Faces Regulatory Heat as IRDAI Issues Show Cause Notice

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a Show Cause Notice to Star Health for alleged non-compliance with its regulations and guidelines. This follows a general inspection conducted between January 31 and February 11, 2022. The company's stock opened at Rs 488.65 today and is trading at Rs 468.00, down by Rs 20.65, -4.23 per cent . 


14:12 IST, December 9th 2024

Nifty FMCG Index Falls Over 2%

The Nifty FMCG index experienced a significant decline of more than 2%, with major stocks facing heavy losses. Among the biggest losers were ITC, down by 1.41%, Britannia, which dropped by 1.66%, and Nestle India, which saw a fall of 1.92%. Dabur's stock dropped by 3.37%, while Tata Consumer's fell by 4.29%. The most notable decline was observed in Godrej Consumer Products Limited, which saw a sharp drop of 9.44%.



13:52 IST, December 9th 2024

Nifty Media index declines


The Nifty Media index declines by 1.45%, with PVR Inox, Saregama India, and Zee Entertainment leading the losses.


13:04 IST, December 9th 2024

SIKA shares soar 10%

SIKA, manufacturing solutions company's shares surge nearly 10% following Rs 264 crore order announcement for FY 2024-25



12:47 IST, December 9th 2024

Auto stocks under pressure as November retail sales show YOY decline

Auto stocks declined on Monday, with major players like Hyundai Motor and Tata Motors experiencing notable losses, following the release of November's retail data, which revealed a year-on-year decrease in both passenger and commercial vehicle sales. As a result, the Nifty Auto index fell by 0.53%.


12:54 IST, December 9th 2024

Delta Corp Updates Demerger Plan for Hospitality and Real Estate

Delta Corp has revised its demerger scheme, transferring the Dhargal project to Deltin Hotel & Resorts, a Delta Penland subsidiary. The remaining hospitality and real estate business will move to Delta Penland. Shareholders will still receive 1 equity share of Re 1 in Delta Penland for every 1 equity share of Re 1 held in Delta Corp. Delta Corp stock is trading at Rs 124.55, up by Rs 1.90 or 1.55 per cent. The stock opened at Rs 122.65, matching its previous close of Rs 122.65.

 



12:29 IST, December 9th 2024

Hyundai Motor India Targets 600 EV Fast Charging Stations by 2031

Hyundai Motor India Limited (HMIL) plans to set up nearly 600 public EV fast charging stations across the country in the next seven years. The company aims to establish 50 fast public charging stations by the end of December 2024.

Meanwhile, HMIL’s stock is trading at Rs 1,829.95, down Rs 30.95 (-1.66%) from its previous close of Rs 1,860.90. The stock opened at Rs 1,850.05 today.


11:33 IST, December 9th 2024

Paytm Stock Zooms 3 per cent- What's Fueling The Rally

Paytm shares surged by more than 3%, reaching a new 52-week high of Rs 1,007 on Monday, following the approval by its Singapore-based subsidiary to sell stock acquisition rights (SARs) in Japanese payments company PayPay. The transaction, valued at JPY 41.9 billion (approximately Rs 2,364 crore).



11:05 IST, December 9th 2024

Mishtann Foods Shares Fall 20% After SEBI Show Cause Notice

Mishtann Foods shares were locked in a 20 per cent lower circuit for a second session in a row on December 9 as investors dumped the stock after the company received a show cause notice from the market regulator, Sebi. Currently, the stock is trading at 9.94 -2.48 (-19.97%)


11:27 IST, December 9th 2024

CEAT Price Today: Stock Up 10%

RPG Group-owned CEAT has acquired Michelin's Camso Off-Highway Construction equipment tyre and tracks business for $225 million in an all-cash deal. The acquisition includes business assets, two manufacturing facilities, and global ownership of the Camso brand after a 3-year licensing period. Camso generated $213 million in revenue in CY23. CEAT stock surged 10.95 per cent , trading at Rs 3,430.55, up RS 338.45 from the previous close.
 



09:24 IST, December 9th 2024

Nifty, Sensex down

Nifty 50 starts at 24,669.75, down 8.05 points (-0.03 per cent), while BSE Sensex opens at 81,648.14, dropping 60.98 points (-0.07 per cent ).


09:08 IST, December 9th 2024

Markets Open In Red, Sensex 450 Points Down As Asia Markets Fall

Pre open: BSE Sensex opened at 81,251.76 today, down by 457.36 points (-0.56%).

 



08:59 IST, December 9th 2024

Nifty Set for a Move in trading session today

"The nifty's drop on Friday traced a small-sized bar contained within Thursday's long-range, creating a so-called "inside day". This represents volatility compression but since volatility is cyclical, one should expect a trending move soon. At current prices, the nifty is facing resistance from the 50- and 100-day moving averages and an Ichimoku hurdle, so the 24800 - 24900 area is formidable. Supports lie at 24,445 and 24,360," said Akshay Chinchalkar, Head of Research at Axis Securities


08:52 IST, December 9th 2024

Vodafone Idea Rs 2000 Core Fundraise: Key Decision Today

Vodafone Idea Limited (VIL) has disclosed plans to raise Rs 2,000 crore through a preferential issue of equity shares and convertible securities. These funds will be sourced from Vodafone Group, one of the company’s promoters. The company’s Board of Directors will convene today, December 9, 2024, to formalize the fundraising proposal.



08:03 IST, December 9th 2024

S&P 500 and Nasdaq Hit New Highs, Dow Lags Behind

The S&P 500 and Nasdaq Composite closed at record highs on Friday, posting gains for the week, while the Dow Jones Industrial Average ended slightly lower.

This mixed performance follows a stronger-than-expected November jobs report, which fueled optimism about the Federal Reserve potentially cutting interest rates soon. As markets gear up for key inflation data this week, investors are closely monitoring signals that could influence the Fed’s next policy decision.

Updated 17:20 IST, December 9th 2024