Stock Market LIVE: Sensex Closes Flat, Nifty Settles Above 24600

The BSE Sensex closed nearly unchanged on Tuesday, gaining just 1.59 points (0.0019%) to settle at 81,510. In contrast, the NSE Nifty 50 declined by 8.95 points (0.036%), ending at 24,610. Top gainers included Bajaj Finserv (+1.65%), HCL Tech (+1.31%), and SBI (+1.09%). On the losing side, Bharti Airtel (-1.30%), Tech Mahindra (-0.90%), and Adani Ports (-0.89%) were the major drags.

The Nifty Realty index witnessed a 1.47% gain today, led by strong performances from key players. Raymond emerged as the top gainer with an impressive rise of 11.75%, followed by Phoenix Ltd. at 3.78%. Godrej Properties Limited recorded a 2.14% increase, while Lodha saw a 1.86% uptick.
 

Just before the closing bell, the Sensex bounced back, trading at 81,522.28, up by 13.82 points (+0.02%). Meanwhile, the Nifty 50 ended at 24,607.15, down by 11.85 points (-0.05%).
 

Indraprastha Gas Limited (IGL) has received approval from its board to issue bonus shares in a 1:1 ratio. Currently, the stock is trading at Rs 387.35, up by Rs 1.70 or 0.44 per cent.
 

Saboo Sodium Chloro's shares surged 5% to Rs 27.34 after the company signed two MoUs with the Rajasthan government at the ‘Rising Rajasthan 2024’ event. The projects include a Rs 400 crore resort in Udaipur (Girwa) creating 400 jobs, and an Rs 85 crore resort in Jodhpur, generating 150 jobs.
 

SENSEX Drops by 250 Points, Trading at 81,253.25; Bharti Airtel, Adani Ports, Reliance, L&T, and Powergrid Lead the Declines

Top Losers in Pharma:
Dr. Reddy's, Divi's Laboratories, Ajanta Pharma, Cipla and Zydus Life

Top Losers in Auto:
Balkrishna Industries, Apollo Tyres, Eicher Motors, Bajaj Auto, Hero MotoCorp, Maruti Suzuki and M&M

Top Losers in Banking:
Axis Bank, HDFC Bank, IDFC First Bank, Bank of Baroda and  Kotak Bank
 

As of 12:30 PM, the Sensex is trading at 81,456.41, down by 52.05 points, or -0.06%, from its opening value of 81,575.96. Among the top gainers are Bajaj Finserv, Infosys, Tata Steel, HCL Technologies, Titan, Kotak Bank, ICICI Bank, Tata Motors, Nestlé India, Asian Paints, and IndusInd Bank. On the other hand, the top losers include Hindustan Unilever, Bajaj Finance, ITC, HDFC Bank, JSW Steel, TCS, Sun Pharma, and Maruti Suzuki Powergrid.

NBCC (India) has received a work order valued at Rs 432 crore. The stock opened at Rs 103.30 today, matching its previous close of Rs 103.30. Following the news of the new order, the stock is currently trading at Rs 103.52, up by 0.22 (+0.21 per cent).

Billionaire Mukesh Ambani-led Reliance Industries is in advanced discussions with about half a dozen banks for an offshore loan of up to $3 billion (Rs 25,441 crore), Bloomberg reported. If finalized, this would mark the largest offshore borrowing by an Indian entity in over a year.
 

Several auto stocks are experiencing a decline today, with notable underperformers including Eicher Motors, Bajaj Auto, M&M, and Apollo Tyres.

Bharat Forge Limited has achieved a significant milestone by successfully closing its Qualified Institutional Placement (QIP), raising Rs 1,650 crore.  As of now, following news of a QIP, the stock is trading at Rs 1,373.70, up by Rs 10.50 (+0.77 per cent). 
 

Glenmark Pharmaceuticals' stock rose sharply, trading at Rs 1555.80, up by 42.05 points (+2.78 per cent) after its arm presented the first clinical data from the Phase 1 study of its Trispecific TREAT Antibody. The stock opened at Rs 1540.00, with the previous close at Rs 1513.75.

In early trade, the Sensex saw several stocks gaining momentum. Among the top gainers were Tata Motors, HCL Technologies, Infosys, Bajaj Finserv, Asian Paints, Tata Steel, and Kotak Mahindra Bank. Other notable gainers included IndusInd Bank, Sun Pharma, Nestlé India, JSW Steel, and ITC.

On the other hand, a few stocks saw declines. HDFC Bank, ICICI Bank, and Power Grid were among the early losers, along with Hindustan Unilever and L&T. NTPC, Reliance Industries, Axis Bank, and Adani Ports also faced losses. Bharti Airtel, UltraTech Cement, Maruti Suzuki, and Mahindra & Mahindra rounded off the list of stocks showing a downward trend.

The BSE Sensex opened at 81,620.45, slightly higher than its previous close of 81,508.46. Similarly, the Nifty 50 began the day at 24,652.65, edging up from its previous close of 24,619.00.

On monday, FMCG stocks took a hit in Monday's trading session as Godrej Consumer Products flagged weaker demand in its Q3 business update.
 

On Monday, Vodafone Idea's board has approved issuing 175.53 crore shares on a preferential basis to Vodafone Group entities at Rs 11.28 per share. Omega Telecom Holdings will invest Rs 1,280 crore, and Usha Martin Telematics Rs 700 crore. An EGM is scheduled for January 7, 2025, to seek shareholder approval.

The US stock market saw a broad decline on Monday as all major indices pulled back from recent highs. The S&P 500 and Nasdaq Composite fell, weighed down by struggling tech shares, while the Dow Jones Industrial Average also slipped, reflecting a cautious sentiment across sectors. Investors are closely watching the upcoming inflation data, which is expected to signal a rise in pricing pressures and could shape the outlook for economic policy.

Following an investigation by China's market regulator into the chipmaker for suspected antimonopoly law violations, Nvidia plummeted 2.5%, which caused the information technology sector to drop