Published 08:19 IST, December 12th 2024
Stock Market LIVE: Sensex Down 250 Pts, Nifty Below 24,600
Today, Sensex opens lower, and Nifty 50 starts flat. vedanta's dividend announcement plans remain a key focus for market participants.
Indian stock markets started Thursday with the Sensex opening 49.38 points lower at 81,476.76 and the Nifty 50 showing a slight dip of 37.35 points to 24,604.45. Investors are keeping an eye on Vedanta's upcoming board meeting, which could announce the fourth interim dividend for FY 2024-25. On Wednesday, markets ended flat as the Sensex gained a marginal 16.09 points to close at 81,526.14, while the Nifty held firm at 24,650.
Live Blog
The focus remains on corporate updates like Vedanta's dividend plans and global cues that could shape investor sentiment in the coming sessions. Please stay tuned with Republic Business to catch the latest stock market news, only at RepublicBiz.com.
13:32 IST, December 12th 2024
SEBI Warns HDFC Bank
SEBI has issued an administrative warning letter to HDFC Bank, alleging non-compliance with provisions of SEBI (Merchant Bankers) Regulations, 1992, SEBI (ICDR) Regulations, 2018, and SEBI (PIT) Regulations, 2015. As of today, HDFC Bank's share is trading at Rs 1852.50, down by Rs11.20 (-0.60%).
12:57 IST, December 12th 2024
Reliance Power Surge 5%
Reliance Power's stock surged 5%, hitting the upper circuit limit of Rs 46.24 per share, following an announcement that its subsidiary, Reliance NU Suntech, secured a 930 MW solar energy project. The contract, awarded by the Solar Energy Corporation of India (SECI) through an e-reverse auction, involves a tariff of Rs 3.53 per kWh. The project also includes the installation of a battery energy storage system (BESS) with a minimum capacity of 465 MW/1,860 MWh, powered by solar energy.
12:47 IST, December 12th 2024
Acme Solar Wins 250 MW Firm & Dispatchable Renewable Energy Project
Acme Solar Holdings has secured a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project in an e-reverse auction held by NHPC at a tariff of Rs 4.56 per unit. The project includes a green-shoe option that could expand its capacity up to 500 MW. With this win, Acme Solar's total capacity now reaches 6,970 MW. The stock is currently trading at Rs 272.10, up by 1.49%.
12:19 IST, December 12th 2024
Nifty Top Gainers & Losers
Gainers- Trent, Bajaj Finance, Britannia, Shriram Finance and Hero Moto Corp
Losers - JSW Steel, Adani Ports, NTPC, SBI and Axis Bank
12:15 IST, December 12th 2024
Adani Green Energy Expands with 250 MW Solar Project in Rajasthan
Adani Green Energy's subsidiary has successfully commissioned a 250 MW solar power plant in Rajasthan. With this addition, the company’s total operational renewable energy capacity now stands at 11,434 MW. Today, the stock opened at Rs 1141.30 and, as of 12:15 PM, was trading at Rs 1226.10, up by Rs 78.00, marking a 6.79% increase.
12:15 IST, December 12th 2024
Why Bajaj group stock is falling today?
Bajaj Housing Finance shares witnessed a sharp drop of over 6% in early morning trade today. The stock opened nearly 1% lower and plunged to an intraday low of Rs 132.80, marking a 6.08% decline from its previous close.
12:02 IST, December 12th 2024
Inventurus Knowledge Solutions IPO GMP
Rekha Jhunjhunwala backed Inventurus Knowledge Solutions was at a high of about Rs 400 on 12th December, 2024 as per a market tracker website.
11:49 IST, December 12th 2024
Nifty IT at all-time high
Nifty IT at all-time high, led by TCS, Wipro, Infosys, HCL tech, Coforge, Tech Mahindra, LTIMindtree and MphasiS
10:56 IST, December 12th 2024
Sensex: Top Gainers & Losers
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
10:52 IST, December 12th 2024
Tata Communications Readies Kaleyra AI
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%).
10:49 IST, December 12th 2024
Gland Pharma Stock Soars 5%
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.
10:12 IST, December 12th 2024
Sensex Slips Marginally in Early Trade
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%.
09:57 IST, December 12th 2024
Expert Take On Current Market Scenario
‘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,
09:47 IST, December 12th 2024
Vedanta to Decide 4th Interim Dividend
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.
09:45 IST, December 12th 2024
Stock In Focus: Shriram Finance
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.
09:40 IST, December 12th 2024
Broader Market Shows Mixed Trends
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%.
09:51 IST, December 12th 2024
Sensex Opens Lower, Nifty50 Starts Flat
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.
08:58 IST, December 12th 2024
Sai Life Sciences Secures Rs 913 Crore from Anchor Investors Ahead of IPO
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.
08:42 IST, December 12th 2024
Wall Street Update: Nasdaq Breaks 20,000
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.
08:12 IST, December 12th 2024
Sensex, Nifty Held Ground on Wednesday
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.
Updated 13:36 IST, December 12th 2024