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Market At Close | Expert View On Today's Session
“The market crossed 70,000 levels today, while the broader market outperformed the main indices. However, profit booking was evident at higher levels as traders anticipated clues from tomorrow’s significant data releases on inflation from the US and India, as well as the IIP. While US inflation is predicted to remain stable, the market anticipates a rise in domestic inflation. The better-than-expected US job data and a moderate increase in US bond yields from the recent lows, however, also encouraged investors to book profits at higher levels. Investors will be closely watching the upcoming FOMC meeting tomorrow for clues about potential future rate cuts while expecting to keep rates the same this time,” says Vinod Nair, Head of Research at Geojit Financial Services.
Market At Close | Sensex, Nifty 50 Posts Record Close, But Ends Off Intra-day Highs, Sensex Crosses 70,000 Intra-day
Midcap Index Resumes Uptrend, Dixon Tech, Polycab Top Midcap Gainers
All Sectoral Indices Ex-Nifty Pharma End In The Green, Nifty PSU Bank Top Gainer
Sensex Rises 103 Points To 69,928 & Nifty 28 Points To 20,997
Nifty Bank Gains 52 Pts To 47,314, Midcap index Pts 329 To 44,729
Wockhardt Jumps More Than 14% On Successful Phase 3 Clinical Trial Of Nafithromycin
GMR Airports Extends Friday’s Gains, Hits 15-yr High, Up More Than 6%
Zee Ends More Than 2% Higher, SC Agrees To Hear Bankruptcy Plea Against Zee Founder
Sugar Stocks Rise Ahead Of Ind Meet With Petro & Gas Min On Ethanol Pdn Issue
Dr Reddy’s Ends As Top Nifty Loser On Bachupally Unit US FDA Observations
Polycab Becomes Most Valued Cables & Wires Co, Market Cap Above That Of Havells’
Market Breadth Favours Advances, NSE Advance-Decline Ratio Stands At 2:1
Stock Market LIVE Updates | Expert View On Banks
“My sense is that the PSU banks over the long run will outperform the private banks because we have come out of a decadal bear market. I think SBI was disappointing and the second rung and third rung were outperforming PSU banks. Now, SBI also looks better poised,” says Biju Samuel, Senior VP-Quant & Alternate Strategy, Elara Capital.
Stock Market LIVE Updates | SC Agrees To Hear Bankruptcy Plea Against Zee Founder, Reports Bloomberg
Stock Market LIVE Updates | Tata Power Gains Nearly 3% On Collaboration With IOC For Deploying Over 500 EV Charging Points
Tata Power shares surged nearly 3% on Monday after the Tata Group firm announced that it will be collaborating with the Indian Oil Corporation (IOC) for the deployment of more than 500 Fast and Ultra-Fast electric vehicle (EV) charging points across the country.
Tata Power Group company Tata Power EV Charging Solutions Ltd (TPEVCSL) has signed a Memorandum of Understanding (MoU) with petroleum major IOC for rolling out fast and ultra-fast EV charging points across India, the company said in a filing to the stock exchanges.
Stock Market LIVE Updates | Sensex Ignores Monday Blues To Hit Milestone Of 70,000, Nifty Tops 21,000 — Time To Hold Or Book Profit?
The stock markets ignored the Monday blues as bulls managed to propel Sensex and Nifty to fresh record high levels. The NSE Nifty 50 index gained 0.24% to 21,019.80 points, while the S&P BSE Sensex rose 0.32% to 70,048.90, as of 10:06 am. The Sensex achieved a milestone, surpassing the 70,000 mark for the first time, led by banking, financial and IT stocks.
Both the equity benchmark indices later pared their gains, dragged by pharma stocks, and held steady after hitting all-time highs.
Stock Market LIVE Updates | CNBC-TV18 Edge: Polycab Dethrones Havells As The Most Valuable Wires & Cables Stock In India
Shares of Polycab India are up another 4% on Monday and are trading at a record high. The move seen by the stock in 2023 has made the stock the most valuable wires and cables company in India, dethroning Havells India.
With today’s surge, Polycab’s market capitalisation is nearing the mark of ₹85,000 crore, surpassing Havells, which is at ₹84,200 crore.
Stock Market LIVE Updates | Triveni Engineering Buzzing In Trade
Triveni Engineering shares are in the green after four days, up 3.56%. The stock has gained 22.77% this year, so far.
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a couple of stock recommendations by Ashish Kyal of Waves Strategy Advisors:
– Buy Polycab India at a target of Rs 6,050 with a stop loss of Rs 5,440
– Buy Coforge at a targer of Rs 6,300 with a stop loss of Rs 5,670
Stock Market LIVE Updates | Can Fin Homes Witnesses A Sharp Fall
Stock Market LIVE Updates | Polycab Becomes Most Valuable Wires & Cables Company In India
Stock Market LIVE Updates | Siemens Energy Sells 18% Stake In Co To Siemens Germany
Stock Market LIVE Updates | Wockhardt Zooms 19% To Hit 52-Week High — Here's Why
Wockhardt shares hit a 52-week high of ₹398.95 per piece on BSE on Monday after the pharma major announced the successful completion of the phase 3 study for an antibiotic to treat pneumonia.
The stock surged as much as 18.87% to hit a year’s high after Wockhardt disclosed about completing the Phase 3 study of its macrolide antibiotic Nafithromycin WCK 4873. Nafithromycin is used in the treatment of pneumonia.
Stock Market LIVE Updates | Affordable Robotic & Automation Forays Into Machine Shop Automation
Stock Market LIVE Updates | A Look At The IPOs Opening This Week
The primary market seems to have picked up pace with three mainboard issues hitting Dalal Street this week. As much as ₹4,000 crore worth of funds will be raised by three companies — DOMS Industries, India Shelter Finance, and Inox India.
Read more here
Stock Market LIVE Updates | Only Buyers In IREDA Shares After Launch Of Retail Division
Indian Renewable Energy Development Agency Ltd (IREDA) shares were locked in the 20% upper circuit limit at ₹85.02 per piece on BSE on Monday after the company announced the launch of its retail division.
The Central Public Sector Enterprise (CPSE) launched the retail division on Friday, in a major step towards expanding its lending services. The stock’s stellar uptick on December 11, 2023, was in response to the said announcement.
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a few stock recommendations by Jay Thakkar of Sharekhan:
– Buy Adani Ports at a target of Rs 1,100-1,150 with a stop loss of Rs 990
– Buy TCS at a target of Rs 3,800-3,900 with a stop loss of Rs 3,550
– Buy IRFC at a target of Rs 92-95, with a stop loss of Rs 77
Stock Market LIVE Updates | From DOMS Industries To Inox India, Here's A list Of IPOs Opening This Week
The primary market seems to have picked up pace with three mainboard issues hitting Dalal Street this week. As much as ₹4,000 crore worth of funds will be raised by three companies — DOMS Industries, India Shelter Finance, and Inox India.
Stock Market LIVE Updates | Tata Power And IOC Collaborate To Deploy Over 500 EV Charging Points
Tata Power informed the stock exchanges that it has collaborated with Indian Oil Corporation to deploy over 500 fast and ultra-fast EV charging points across the country.
The stock is trading 2.4% higher at Rs 331.20 apiece at the moment.
Stock Market LIVE Updates | New Drug Nafithromycin Has Significant Potential Worldwide: Wockhardt
Stock Market LIVE Updates | LIC Board Approves Infusion of ₹25 Crore In Its Asset Management Arm
Life Insurance Corporation of India (LIC) Ltd. shares are consolidating on Monday after rallying nearly 530% over the last month.
The company’s board on Monday has approved the infusion of ₹25 crore in LIC Mutual Fund Asset Management Ltd. The fund infusion will be done on a preferential basis, according to the exchange filing.
Stock Market LIVE Updates | Adani Ports Off Lows
RBL Bank Share Price | Stock Hits 52-Week High
RBL Bank shares are trading near their 52-week high of Rs 280.66 apiece, which it hit earlier today. The stock is currently up 3.5% and in the green for the sixth day today.
The stock has gained 55.66% in the last six months.
Stock Market LIVE Updates | Cyient Share Price: After A 145% Rally In 2023, Is More Steam Left? Analysts Positive But Divided
Shares of multibagger midcap IT stock Cyient Ltd resumed their upward run in Monday’s trade after a brief three-day hiatus. The stock was last seen trading 1.91% higher at ₹1,987.05. At this price, the scrip has rallied 145% since the beginning of this year and 138% in the last one year.
Analysts tracking Cyient largely remained divided on the counter. Brokerage firm Nuvama Institutional Equities said that the stock’s sharp run-up so far this year leave limited upside potential, while Motilal expects a further upside of 15%, citing attractive valuations.
Stock Market LIVE Updates | Morgan Stanley Bullish On Real Estate Upcycle, Increases Target Price For These Stocks
Global brokerage firm Morgan Stanley has raised target price of leading realty stocks with a bullish outlook as it expects a multi-year upcycle in the sector.
Demand supported by a robust macro and positive industry structure could provide a multi-year upcycle in the real estate sector, global brokerage Morgan Stanley said. However, meaningful downsides exist as well, it added.
Stock Market LIVE Updates | Wockhardt Successfully Completes Phase 3 Penumonia Study Of Its Macrolide Antibiotic
Stock Market LIVE Updates | Intellect AI Is The Fore Runner In Cloud And AI Space, With Regards To Banking Sector: Intellect Design Arena
Stock Market LIVE Updates | Tata Motors Shares Hit Record High
Shares of Tata Motors are trading near their record high of Rs 727.60 apiece, which it hit earlier in trade today.
The company will be increasing the price of its commercial vehicles by 3% from January 1, 2024.
The stock has gained 82.75% this year, so far.
Stock Market LIVE Updates | Subros Shares Hit Record High After Government Makes AC Cabins Mandatory In Trucks
Subros Ltd shares surged more than 17% on Monday to hit a fresh record high on the back of the Union Government’s decision to make air-conditioned cabins mandatory in trucks from October 2025.
Subros Ltd could be one of the beneficiaries of the government’s decision as the company is a leading manufacturer of air conditioners for automotive applications.