Stock Market LIVE: Bulls Roar On D-Street In A Volatile Session; Nifty, Sensex Close In Green

The Indian equity markets ended a highly volatile session on a strong note, with the Sensex jumping 918.13 points (+1.13%) to close at 82,208.09, while the Nifty advanced 219.60 points (+0.89%) to settle at 24,768.30. The Sensex traded within a range, opening at 81,212.45, hitting a high of 82,213.92, and a low of 80,082.82. Similarly, the Nifty opened at 24,498.35, climbed to a high of 24,792.30, and touched a low of 24,180.80 during the day. Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever Limited, and UltraTech Cement Limited led the rally, while Shriram Finance, Tata Steel, IndusInd Bank, JSW Steel, and Hindalco Industries dragged the markets.

ICICI Bank's board has approved the sale of a 19% stake in ICICI Merchant Services. Following the news, the stock is trading at Rs 1,345.60, up by Rs 16.65 (+1.25%) today, after opening at Rs 1,328.95. 
 

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Nifty crossed the 24,700 mark today after a volatile session. Opening in red at 24,498.35, it hit an intraday low of 24,180.80 before climbing to an intraday high of 24,757.90. Currently, it trades at 24,735.20, up 186.50 points (0.76%).

SpiceJet has successfully cleared all pending employee provident fund (PF) dues totalling Rs 160.07 crore, covering a two-year period. This move reinforces its commitment to employee welfare and financial responsibility. Currently, the stock is trading at Rs 58.79, up by Rs 1.00 (+1.73%), after opening at Rs 57.90.

According to market tracker websites, The Last Grey Market Premium (GMP) for Mobikwik's IPO is Rs 156, as of December 13, 2024,  With the price band set at Rs 279, the estimated listing price of the IPO is Rs 435 (cap price plus today's GMP). This reflects an expected percentage gain of 55.91% per share.

Nifty bounces back, currently trading at 24,636.45, up 87.75 points (0.36%). It touched an intraday low of 24,180.80. Top gainers include Bharti Airtel, HCL Tech, UltraTech Cement, ITC, and Grasim. Top losers are Shriram Finance, Tata Steel, IndusInd Bank, JSW Steel, and Axis Bank.

Adani Renewable Energy Holding Nine, a subsidiary of Adani Green Energy, has established three wholly-owned subsidiaries: Adani Green Energy Sixty Five, Sixty Six, and Sixty Seven. As of 1:23 PM, the stock is trading at Rs 1,206.55, down Rs 12.20 (-1.00%). The stock opened today at Rs 1,222.95.

Sensex rebounded by 200 points after a sharp fall of nearly 000 points, currently trading at 81,525.09 (+235.13, +0.29%). Top gainers include Bharti Airtel, Hindustan Unilever, Power Grid, Adani Ports, HCL Tech, and ICICI Bank, while top losers are Sun Pharma, SBI, Tech Mahindra, Tata Motors, and Axis Bank.

TCS has entered into a strategic partnership with Switzerland-based Landis+Gyr to enhance energy management solutions. Over the next three years, TCS will integrate its award-winning TCS Clever Energy™ system with Landis+Gyr’s cutting-edge smart metering and grid management technologies. 
However, despite the announcement, TCS shares have seen a decline today. The stock opened at Rs 4449.00 and, as of 11:30 AM, was trading at Rs 4428.00, down by RS 28.95 (-0.65%).

The Nifty sectoral indices are witnessing a widespread decline, with almost every sector in the red. The Nifty PSU Bank index is leading the fall, down by 2.51%, followed closely by Nifty Realty at a 2.43% drop, and Nifty Metal, which has fallen by 2.47%. Other sectors, including Nifty Bank, Auto, Financial Services, FMCG, IT, Media, Pharma, and Realty, are also facing significant losses, reflecting a broad-based downturn across the market.
 

Extending their declines for the second consecutive day, broader market indices are deep in the red. The Nifty Smallcap 100 has fallen by 1.25%, the Nifty Midcap 100 by 0.9%, and the Nifty Microcap 250 by 1%.

'Thursday was another down day on the Nifty with the market yet again failing to get past what is now undoubtedly a key near-term hurdle near 24700. Yesterday's drop had higher participation compared with what was seen the day before, which means market participants are nervous. The index is now sitting inside the 50- and the 100-day averages, with the former expected to offer support around 24430, a level that sits inside critical support that spans the 24360 and 24445 zone. Immediate support lies at 24500, which bulls will need to protect at least on a closing basis,' Akshay Chinchalkar, Head of Research at Axis Securities

Ashok Leyland has bagged an order worth Rs 346 crore to supply diesel passenger bus chassis to the Tamil Nadu government. Despite the positive development, the company’s stock price dipped today. Opening at Rs 232.95, it was trading at Rs 227.40 as of 10:30 AM, reflecting a 1.07% decline.

Ashok Leyland, India’s leading commercial vehicle manufacturer and the flagship of the Hinduja Group, has announced a price increase of up to 3% across its entire range of commercial vehicles. The revised pricing will take effect from January 2025.

The stock market faced pressure as metal stocks led a broad-based decline, pulling key indices into the red. Top losers in the sector included Adani Enterprises, JSW Steel, Tata Steel, SAIL, NMDC, and Hindalco. Other notable laggards were Ratnamani Metals & Tubes Limited, APL Apollo Tubes Limited, Hindustan Zinc, and Vedanta Steel.

The Indian equity market faced a sharp sell-off as the Sensex plunged by 656.62 points, or 0.81%, to trade at 80,633.34. The downturn mirrors broader market weakness, with the Nifty also seeing a significant dip.

Amid the widespread decline, Bharti Airtel emerged as the only stock trading in the green. The list of top losers included heavyweights like Tata Steel, JSW Steel, Mahindra & Mahindra, Axis Bank, NTPC, HDFC Bank, Titan, Infosys, ITC, Power Grid, HCL Tech, Adani Ports, Tech Mahindra, TCS, Maruti Suzuki, and Larsen & Toubro (L&T).

In early trade, the Nifty index slipped below the 24,500 mark, currently trading at 24,386.45, down by 162.55 points (-0.66%). The index opened at 24,498.35. Among the top gainers today are Bharti Airtel, Apollo Hospitals, Adani Enterprises, Adani Ports, and HDFC Life. On the other hand, the top losers include Tata Steel, JSW Steel, Shriram Finance, Hindalco, and IndusInd Bank.

 The stock market opened on a weak note today, with the Sensex down by 194.12 points at 81,095.84 (-0.24%) and the Nifty dropping 46.80 points, opening at 24,501.90 (-0.19%). This comes after a negative closing in the previous session, where the Sensex ended at 81,289.96 and the Nifty closed at 24,548.70.

The Sensex opened in the red, down by 97.46 points or 0.12% at 81,192.50. Similarly, the Nifty declined by 34.70 points or 0.14%, opening at 24,514.00.

Indus Towers has signed a power purchase agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), to procure renewable energy from a solar PV plant under the Captive mode.

The company will invest approximately Rs 38.03 crore by subscribing to equity shares of the SPV.

Adani Green Energy announced on Thursday that its subsidiary has commissioned a 250 MW solar power plant in Badi Sid, Jodhpur district, Rajasthan. This development boosts AGEL's total operational renewable energy capacity to 11,434 MW, according to a BSE filing.
 

Zomato, led by Deepinder Goyal, has disclosed receiving a GST demand notice of Rs 803 crore from the CGST & Central Excise Department, Maharashtra. In its exchange filing, the company stated that the notice pertains to the period from October 29, 2019, to March 31, 2022.

Tata Motors has announced a price hike of up to 2% on its commercial vehicles, including trucks and buses, effective from January 1, 2025. The company cited rising input costs as the reason for the increase, according to its exchange filing.

Major indices on Wall Street continued to show mixed trends this week. The Dow extended its losing streak, marking its longest slump since April, while the Nasdaq managed to outperform with modest gains. The S&P 500 also edged lower, reflecting broader market caution.

Broadcom gained momentum after posting strong fiscal fourth-quarter earnings, driven by a remarkable surge in artificial intelligence revenue. Shares of RH also saw a significant boost, backed by optimistic revenue growth guidance.

This comes after a tough trading session where the Dow and S&P 500 slipped, weighed down by declines in major technology stocks, including Nvidia.