Share Market Highlights: Sensex, Nifty surge 1% as IT stocks rally on positive US economic outlook

Business candle stick graph chart of stock market investment trading on blue background. Bullish point, up trend of graph. Economy vector design. istock photo for BL | Photo Credit: ABC Vector

• 16:19 | December 5, 2024

  The live blog is now closed.

• 16:10 | December 5, 2024

  Stock market live today: Garden Reach Shipbuilders secures contract for second 7500 DWT multi-purpose vessel in Hamburg

  Garden Reach Shipbuilders & Engineers signed Contract for construction and delivery of second ship from series of the four additional vessel 7500 DWT Multi-Purpose Vessels (MPV) on 04 Dec 2024 at Hamburg, Germany.

• 15:41 | December 5, 2024

  Stock market live updates today: Top gainers and losers on the NSE

  Top gainers on the NSE 

  Trent (3.31%), Infosys (2.42%), TCS (2.31%), Titan (2.19%), Dr Reddy’s Lab (2.18%)

  Top losers:

  SBI Life (-1.21%), HDFC Life (-1.09%), Bajaj Auto (-1.05%), NTPC (-0.90%), Grasim (-0.38%)

• 15:38 | December 5, 2024

  Stock market live updates today: Sensex ends 809.53 pts or 1.00% higher at 81,765.86, and Nifty 50 closes positive by 240.95 pts or 0.98% at 24,708.40.

• 15:30 | December 5, 2024

  Stock market live updates today: Tantia Constructions announces contract worth ₹151 crore, stocks rise

  Tantia Constructions announced the receipt of Letter of Acceptance for “Design, Supply, Construction and Operation and Maintenance of Passenger Ropeway at Shillong Peak, Shillong, Meghalaya, contract worth ₹151 crore.

  Shares trade at its upper circuit on the NSE at ₹46.52, higher by 4.99%.

• 15:18 | December 5, 2024

  Stock market live updates today: Top 5 gainers of Nifty IT stocks - Infosys (2.66%), TCS (2.62%), LTI Mindtree (2.19%), Wipro (2.01%), HCL Tech (1.69%)

• 15:10 | December 5, 2024

  Stock market live updates today: Top gainers and losers on the NSE as at 3 pm

  Top gainers on the NSE as at 3 pm:

  TCS (1.97%), Infosys (0.41%), Titan (1.53%), Dr Reddy’s Lab (1.33%), Bharti Airtel (1.13%)

  Top losers:

  SBI Life (-2%), Bajaj Auto (-1.86%), HDFC Life (-1.61%), NTPC (-1.56%), Grasim (-1.15%)

• 15:01 | December 5, 2024

  Stock market live updates today: Stocks on BSE at 3pm

  Stocks advanced on BSE at 3 pm on December 5, 2024, were 1,997 against 1,932 stocks that declined, and 125 remained unchanged. Total stocks traded were 4,054. The number of stocks that recorded a 52-week high was 231, and those that hit a 52-week low was 11. A total of 389 stocks traded in the upper circuit, and 202 in the lower circuit.

• 14:59 | December 5, 2024

  Stock market live updates today: Candour Techtex board to mull fundraising options

  Candour Techtex Ltd board will consider proposal for fund raising by way of a Preferential Issue and/or Right Issue and/or Qualified Institutions Placement etc., at its meeting on Dec 10

• 14:53 | December 5, 2024

  Stock market live updates today: Sameet Chavan, Head Research, Technical and Derivative - Angel One, on markets today

  The Indian equity markets experienced another day of optimism, with the benchmark index reinforcing its position above the recent swing high to counteract the ongoing formation of lower highs on the daily time frame. Although the pivotal resistance of 24500 remained significant, the bulls’ attempts were curtailed twice during the day, and Nifty ultimately closed around 24470 levels with a modest gain of 0.04 percent.

  Technically, the undertone stands out to be on the bullish side as the benchmark index precisely sustained above all its significant moving averages. However, the formation of ‘Doji’ candlestick at the critical juncture of make-or-break depicts a sign of indecisiveness, suggesting a cautious stance. There have been minimal changes in the price activity, although the intraday developments clearly demonstrated the strength of the blockade. On the lower end, support is being seen around 24350, coinciding with the 50 DEMA, followed by 24280-24250 in the comparable period. While on the flip side, a decisive breakthrough above 24550-24600 is highly anticipated to provide the much-needed impetus to the Nifty50 index with higher potential targets of 24800, followed by the 25000 mark in the coming period.

• 14:50 | December 5, 2024

  Stock market live updates today: Nifty IT index surges 2.22% to 44,925.75

• 14:50 | December 5, 2024

  Stock market live updates today: Bharat Forge announces opening of QIP issue, stocks trade flat

  Bharat Forge shares trade flat on the NSE at ₹1,383.05. Company announced opening of QIP issue at a floor price of ₹1,323.54 a share.

• 14:48 | December 5, 2024

  Stock market live updates today: Larsen & Toubro acquires stake in E2E Networks

  Larsen & Toubro shares gained 1.93% on the NSE trading at ₹3,863.10. 

  Company acquired 15% stake in E2E Networks via preferential allotment.

• 14:35 | December 5, 2024

  Stock market live updates today: Sensex climbs over 1300 pts

• 14:35 | December 5, 2024

  Stock market live updates today: Aurobindo Pharma subsidiary receives USFDA approval, stocks trade flat

  Aurobindo Pharma Limited announced that its wholly owned subsidiary company, Eugia Pharma Specialities Limited, has received final approval from the USFDA to manufacture and market Pazopanib Tablets, 200 mg.

  Aurobindo Pharma stock trades flat on the NSE at ₹1,254.65.

• 14:32 | December 5, 2024

  Stock market live updates today: Ratnamani Metals & Tubes stock trades flat after SBI Mutual Fund and Tata MF buy shares

  Ratnamani Metals & Tubes stock trades flat on the NSE at ₹3,332.85. SBI Mutual Fund (MF) and Tata MF on Wednesday bought shares of Ratnamani Metals for ₹262 crore through open market transactions.

• 14:26 | December 5, 2024

  Stock market live updates today: Sensex zooms 1049.87 pts or 1.30% to 82,006.20 as at 2.25pm.

• 14:22 | December 5, 2024

  Stock market live updates today: Zen Technologies expands into US Defence market with AVT Simulation partnership

  Zen Technologies Limited has announced a strategic partnership with AVT Simulation to penetrate the US defence market, signed today in Florida. The collaboration aims to develop advanced training and simulation solutions for defence and security forces.

  Read more

• 14:17 | December 5, 2024

  Stock market live updates today: NSE India on changing investor demography

  NSE India:

  Interesting trends are being witnessed in investor demography. As the number of registered retail investors, the median age of investors has fallen from 38 years as of March 2018 to 32 years as of October 2024. This highlights the ease of market participation and enthusiasm among Indians to be a part of India’s growth story.

• 13:57 | December 5, 2024

  Stock market live updates today: BL Explainer: How the amended Banking Laws impact you

  Parliament on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which proposes 19 amendments to banking laws, including the Reserve Bank of India Act, Banking Regulation Act, State Bank of India Act, and Banking Companies (Acquisition and Transfer of Undertakings) Act. The Bill piloted by Union Finance Minister Nirmala Sitharaman has addressed crucial legacy issues, and was approved by the Lok Sabha by a voice vote. Businessline takes a look at what are the new laws and its impact on banks and customers. Read more

• 13:37 | December 5, 2024

  Stock market live updates today: Divi’s Laboratories says it cannot comment on the patent lawsuits of big pharma companies and its impact on them; stock edges down on NSE

  Divi’s Laboratories says it cannot comment on the patent lawsuits of big pharma companies and its impact on them. It pertains to the news report saying Divi’s Labs shares fall nearly 3% as US court says Novartis cannot block generic of best-selling heart drug.

  “As a Contract Manufacturing Organization (CDMO) and manufacturer of Active Pharmaceutical Ingredients (APIs), in the normal course of our business, we have supply agreements with some of our customers. There is no material impact of this news article on our Company.”

  Divi’s Laboratories stock traded at ₹6,054.10 on the NSE, lower by 3.24%.

• 13:29 | December 5, 2024

  Stock market live updates today: Zen Technologies ties up with Applied Visual Technology Inc. D.B.A AVT Simulation; stock flat on NSE

  Zen Technologies Ltd has formalised a partnership with Applied Visual Technology Inc. D.B.A AVT Simulation, a provider of customised training systems, through a Memorandum of Understanding inked today in Florida. 

  The stock trades flat on the NSE at ₹1,842.05

• 13:21 | December 5, 2024

  Stock market live updates today: Bansal Wire Industries approves supplemental loan agreement with Bansal Steel & Power (wholly-owned arm) for ₹70,79,600. Bansal Wire stock flat on NSE at ₹468.85

• 13:14 | December 5, 2024

  Stock market live updates today: HSCC (India) Ltd, a wholly-owned subsidiary of NBCC (India) Ltd has bagged contracts worth ₹599.35 crore. NBCC (India) stock gains 1.24% on NSE to trade at ₹101.29

• 13:00 | December 5, 2024

  Stock market live updates today: Markets surge ahead, tech and consumer stocks lead midday rally

  The Indian equity markets continued their upward momentum on Thursday, with the Sensex and Nifty posting gains in the mid-day trading session. As of 12.30 pm, the Sensex advanced 559.49 points or 0.69 per cent to 81,515.82, while the Nifty climbed 139.35 points or 0.57 per cent to 24,606.80. Read more

• 12:56 | December 5, 2024

  Stock market live updates today: Top gainers among Nifty Bank stocks

  Kotak Mahindra (0.79%) 

  SBI (0.73%)

  ICICI Bank (0.62%)

  AU Small Finance (0.60%)

  Axis Bank (0.56%)

• 12:52 | December 5, 2024

  Stock market live updates today: Bondada Engineering commissions first IPP solar project at Hyderabad; Bondada Engg shares up on the BSE

  Bondada Engineering commissioned its first IPP Solar Project with the capacity of 2.80MW (DC) based at Hyderabad. Power generation has started, the same shall be purchased by Bharat Heavy Electrical Ltd (BHEL) as per PPA agreement having a validity of 25 years.

  Bondada Engineering shares rise 1.70% on the BSE to trade at ₹598.95

• 12:50 | December 5, 2024

  Stock market live updates today: Advanced Enzymes USA approves formation of new corporation in California; Advanced Enzyme Technologies stock up on NSE

  Advanced Enzymes USA, a wholly-owned subsidiary of Advanced Enzyme Technologies, has accorded approval for formation of a new corporation in California (US) to be named as Starya Labs, Inc (“Starya Labs”).

  Advanced Enzyme Technologies stock rose 1.62% on the NSE to trade at ₹379.70

• 12:24 | December 5, 2024

  Stock market live updates today: Why is Nomura expecting a surprise repo rate cut tomorrow?

  Nomura, which was one of the first to call out a slowdown in India’s GDP growth, has now said it expects a repo rate cut of 25bps on Friday, contrary to the consensus view of no change. Read more

• 12:23 | December 5, 2024

  Stock market live updates today: Real estate developers bullish on southern markets: Crisil survey

  Real estate developers are optimistic of a continued growth in southern markets, particularly in Kerala despite tailwinds amid changing dynamics, a sentiment survey at real estate conclave by Crisil has said. Read more

• 12:22 | December 5, 2024

  Stock market live updates today: IGL set to discuss bonus share issuance in upcoming board meeting

  The shares of Indraprastha Gas Limited (IGL) were trading at ₹365.55 up by ₹5.30 or 1.47 per cent on the NSE today at 11.23 am. Read more

• 12:20 | December 5, 2024

  Stock market live updates today: SRF Ltd’s wholly-owned arm issues non-convertible redeemable preference shares to the company

  SRF Ltd’s wholly-owned subsidiary has issued Non-Convertible Redeemable Preference Shares to the company.

  Pursuant to a private placement offer made by SRF Altech Ltd of its 8% Non-Convertible Redeemable Preference Shares of Rs. 10 each, the Company had subscribed to 15,00,00,000, 8%, Non-Convertible Redeemable Preference shares of Rs. 10 each in cash for an aggregate consideration of Rs 150 crore.

  SRF shares trade flat on the NSE at ₹2,326.80.

• 12:15 | December 5, 2024

  Stock market live updates today: Agarwal Toughened Glass shares hit upper circuit after premium listing

  Track Agarwal Toughened Glass share price movement live here

• 12:13 | December 5, 2024

  Stock market live updates today: Swiggy clarifies Bolt expansion, denies market speculation

  The shares of Swiggy Limited were trading at ₹561.65 up by ₹43.85 or 8.47 per cent in the NSE today at 11.15 am. The shares hit its 52-week high today at ₹566. Read more

• 12:13 | December 5, 2024

  Stock market live updates today: Exxaro Tiles appoints Naimish Patibandha as President, (Sales & Marketing), Senior Management Personnel of the Company effective December 5, 2024

• 12:12 | December 5, 2024

  Stock market live updates today: Suraj Estate Developers acquires a vacant land parcel at Senapati Bapat Marg Mahim West for Rs. 101 crore

• 12:11 | December 5, 2024

  Stock market live updates today: Top gainers and losers on the NSE as at 12 noon

  Top gainers: Bharti Airtel (0.65%), Dr Reddy’s (0.41%), Tech Mahindra (0.29%), TCS (0.25%), Reliance (0.24%)

  Top losers: Bajaj Auto (-2.77%), SBI Life (-2.35%), NTPC (-2.16%), Cipla (-1.68%), JSW Steel (-1.49%)

• 12:10 | December 5, 2024

  Stock market live updates today: BSE snapshot at noon

  Of a total of 3,939 stocks traded on the BSE at 12 noon on December 5, 2024, 1,823 stocks advanced against 1,964 stocks that declined, and 152 remained unchanged. While 204 stocks recorded a 52-week high, nine hit a 52-week low. A total of 317 stocks traded in the upper circuit, and 180 in the lower circuit.

• 12:04 | December 5, 2024

  Stock market live updates today: The #NSEBell has rung in the listing of Agarwal Toughened Glass India Limited on NSE Emerge today in Jaipur.

• 11:59 | December 5, 2024

  Stock market live updates today: HEG Limited initiates transfer of unclaimed shares to IEPF

  HEG Limited has announced plans to transfer unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority, following provisions under Section 124(6) of the Companies Act, 2013.

  Read more

• 11:56 | December 5, 2024

  Stock market live updates today: Hyundai Motor India stock trades flat on the NSE at ₹1,876.45

• 11:46 | December 5, 2024

  Stock market live updates today: Hyundai Motor India announces price increase across model range

  Hyundai Motor India Limited (HMIL), today announced that it will increase prices across its model range effective from January 1, 2025. The price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs.

  The price increase will be done across models and the extent of increase will be up to ₹25000. The price increase will be effective from January 1, 2025 on all MY25 models.

• 11:40 | December 5, 2024

  Stock market live updates today: Muthoot Finance stock declines 1.08% on the NSE, trading at ₹1,926.75

• 11:39 | December 5, 2024

  Stock market live updates today: Muthoot Microfin stock rises 1.32% on the NSE, trading at ₹192.49, following lending rate cut for the third time in 2024

• 11:31 | December 5, 2024

  Stock market live updates today: GST raids shake ICICI Bank’s compliance landscape

  The shares of ICICI Bank Limited were trading at ₹1,314.80 down by ₹1.25 or 0.09 per cent on the NSE today at 10.25 am. Read more

• 11:29 | December 5, 2024

  Stock market live updates today: Bank Nifty Prediction Today – December 05, 2024: Wait for dips to take fresh long positions

  Nifty Bank index rose to 53,300 on Wednesday in line with our expectation. However, the index has come down today failing to sustain above 53,300. It is currently trading at 53,091, down 0.33 per cent. The advances/declines ratio is at 1:11. This is negative. Read more

• 11:27 | December 5, 2024

  Stock market live updates today: Zota Health Care expands Davaindia network, with store count increasing to 1,294; stock rises on NSE

  Zota Health Care Ltd has expanded its Davaindia network, with the total number of operational stores increasing to 1,294 as of December 4, 2024, up from 1,165 on October 4, 2024.

  Zota Health Care stock rises 1.51% on the NSE to ₹621.65

• 11:22 | December 5, 2024

  Stock market live updates today: Akshay Chinchalkar, Head of Research at Axis Securities, on the daily Nifty trends and the market’s short-term outlook.

  The Nifty rose for the fourth straight day yesterday, a streak that was last witnessed a day before the September 27 record peak. The daily candle has traced a spinning top, which means the market is looking for new cues on what next, tactically speaking. In a shot-in-the-arm for bulls, a key Ichimoku signal has turned positive, and with 24550 breaking during yesterday’s session, the onus is now on the market to hold short-term support in the 24240 - 24300 area and make a dash toward 24800. Below 24240, this view will have to be relooked at.

• 11:21 | December 5, 2024

  Stock market live updates today: Why December has been good for stock markets

  For Indian stock market, December seems to be the month of anticipation and excitement for investors. Year after year, the Nifty index has exhibited a consistent pattern of delivering positive returns during this time. Read more

• 11:11 | December 5, 2024

  Stock market live updates today: Integro Technologies to launch SmartLender ESG platform; stock gains on NSE

  Integro Technologies, an Aurionpro company, announced the launch of its SmartLender ESG platform — a comprehensive lending suite designed to accelerate the digital transformation of Environmental, Social, and Governance (ESG) strategies for banks. 

  Aurionpro Solutions stock rose 2.85% on the NSE to trade at ₹1,694.

• 11:09 | December 5, 2024

  Stock market live updates today: Adani Energy Solutions bags letter of intent from REC Power Development to establish Transmission System in Rajasthan; shares flat on NSE

  Adani Energy Solutions has clarified that it has received a letter of intent (“LoI”) dated December 3, 2024 from the REC Power Development and Consultancy Limited (“REC”) for establishment of Transmission System for Evacuation of Power from Renewable Energy Zone (‘REZ’) in Rajasthan (20 GW) under Phase-III Part-I through Tariff Based Competitive Bidding Process. The LoI is contingent upon the Company’s unconditional acceptance and satisfying certain conditions within 10 days from the date of issuance of LoI and is further subject to execution of binding agreements between the parties. 

  Shares trade flat on the NSE at ₹814.80

• 10:58 | December 5, 2024

  Stock market live updates today: Crude oil futures trade higher as market awaits OPEC+ meeting outcome

  Crude oil futures traded higher on Thursday morning as market players awaited the outcome of the OPEC+ (Organization of the Petroleum Exporting Countries, and allies) meeting later in the day. Read more

• 10:45 | December 5, 2024

  Stock market live updates today: HEG Large Trade | 28.8 Lk Shares (6% Eq) Worth ₹172 Cr Change Hands At An Avg ₹600/. sh

• 10:45 | December 5, 2024

  Stock market live updates today: NOMURA ON CEMENT

  Price Hike In East & North Bumps Pan-India Trade Prices By *5/Bag MoM

  Concerns Remain Over Demand Pan-India

  In Eastern Region Trade Prices Are Up ₹16/Bag MoM In

  Dec, In Northern Region 13/Bag MoM

  In Southern Region & Western Region Prices Remain Flat MoM

  In Central Region, December Prices Are Down By 2/Bag MoM

• 10:44 | December 5, 2024

  Stock market live updates today: BANK OF AMERICA ON IT SECTOR

  7 KEY TRENDS FOR 2025

  More legs to a BFSI recovery

  A few other sectors should join in

  Optimism this year-end is different from that in end-CY23

  Al will be a net positive contributor in the coming year

  Cloud spends could make a comeback

  Rate cuts in US to be incremental to spending plans

  Pricing trajectory is holding up but scope for higher productivity

• 10:44 | December 5, 2024

  Stock market live updates today: Tejas Networks bags BharatNet Last Mile Connectivity Project in Tamil Nadu (Supportive for stock prices)

• 10:44 | December 5, 2024

  Stock market live updates today: Nuvama Wealth Research

  Morning Snippet: 05 Dec 2024

  Index Observation

  Nifty ended flat after trading in a 200 pt band yesterday underperforming thr Banking space as it completed its initial target of 24400/24500. The index has formed an inverted head and shoulder pattern on daily charts which can put the index in momentum above 24550 for target of 24900+ while support stands at 24150. 

  Bank Nifty has triggered momentum long as it closed above the congestion zone of 52600. With this breakout of ‘W’ pattern formation and completing initial target of 53250 yesterday itself the index remains open for further upside to 53900 next. Though overall pattern suggests that index can scale back to fresh all time highs. 

  Nifty weekly expiry is scheduled for today.

  Interesting Observation

  Sector rotation has been a key characteristic of the ongoing bull market. In the the bull market we often see different sector leading from the front and continues to take benchmark indices higher. 

  Once such notable shift is likely to be seen in small cap sector. 

  At the beginning of the year, large-cap stocks began outperforming their mid- and small-cap counterparts, leading to a prolonged consolidation phase in the small-cap to large cap ratio chart, lasting approximately nine months. 

  However, this consolidation seems to be ended as evident from the chart. 

  The relative performance chart of small-cap stocks to the Nifty 500 index has broken out of its consolidation phase. 

  This breakout indicates a resurgence in the outperformance of mid- and small-cap stocks, a trend observed over the past four years. Once again, sector rotation is underway, highlighting shift in market dynamics.

  DERIVATIVES

  Index IV

  NIFTY:

  IV : 12.56

  IVP : 73.6

  IVR : 46.12

  BANKNIFTY:

  IV : 14.7

  IVP : 72.4

  IVR : 35.3

  Trade Setup

  Activity in Cash Market

  FII Cash: 1797.6 Crs.

  DII Cash: -900.62 Crs.

  WTD

  FII: 5223.99 Crs.

  DII: 2437.05 Crs.

  MTD

  FII: 5223.99 Crs.

  DII: 2437.05 Crs.

  F&O CUES

  FIIs stance on index futures were bullish in the previous session. They have added 15K long contracts. FIIs net position on index futures now stand at 82K short contracts.

  On the option front, 24000 strike will continue to act as support as this strike has significant put open interest. On the upside, 25000 strike has significant call open interest and therefore will act as resistance.

  UPCOMING CORPORATE EVENTS

  Date: 09-12-2024

  IDEA: Fund Raising

  METROPOLIS: Fund Raising

  Date: 10-12-2024

  IGL: Bonus

  New 52 Week High Low Data

  Large Cap:

  New 52 Week Highs: 4

  New 52 Week Lows: 0

  Mid Cap:

  New 52 Week Highs: 9

  New 52 Week Lows: 1

  Small Cap:

  New 52 Week Highs: 11

  New 52 Week Lows: 0

  NIFTY500:

  New 52 Week Highs: 24

  New 52 Week Lows: 1

• 10:43 | December 5, 2024

  Stock market live updates today: Brokerage view

  CITI on Indus Tower

  Buy Call, Target At Rs485/Sh

  Vodafone Group Plc To Sell Its Balance 3% Stake In Co, Est Total Sale Proceeds At Rs2,700-2,800 Cr

  After Repaying Outstanding Borrowings Of $101 m, Est Residual Proceeds At Rs1,900-2,000 Cr

  Residual Proceeds Would Then Be Infused As Equity By Vodafone Plc Into Voda Idea

  Voda Idea Will Use Proceeds For Clearing Its Past Dues To Indus

  The Amount Adds Up To Rs7/Sh For Indus, Which Believe Can Then Be Paid Out As Dividend

  Co Could Be In A Position To Pay Out Rs11-12/Sh Of Dividend For H2FY25

  Dividend Could Rise To More Than Rs20/Sh/annum In FY26 & FY27

  There Can Be A Compelling Dividend Yield Of 6% Over FY26-27 At Current Levels

  JPM on Indus Tower

  OW, TP Rs 520

  Voda Plc to sell remaining 3% stake

  Proceeds $233mn (Rs19.7bn) to partly clear IDEA’s past dues 

  Clearing past dues could result in a special dividend of Rs7.5/sh

  CLSA on Persistent

  Outperform Call, Target Raised To Rs8,462/Sh

  Multiple Growth Drivers &Margin Levers Leading To Higher Estimates

  Operating In A Different League On The Back Of A Unique Set Of Capabilities

  Increase Both Near-term & Longer-term Revenue Growth Forecasts

  Forecast A 21% US Dollar Sales CAGR Over FY25-27

  Increase EBIT Margin Assumption For FY27 To 16.2% From A Prior 15.5%

  CLSA on Juniper Hotels

  Initiate Buy Call, Target At Rs430/Sh

  Co Is Largest Owner Of Hyatt Keys In India

  A Strong Track Record Of Building Assets With High Entry Barriers

  Asset-Owners Like Co Positioned To Benefit From Current Upcycle With Hotel Ind Demand Growth

  Hotel Ind Demand Growth May Surpass Supply Growth Over FY24-29

  Est 16% EBITDA CAGR Over FY25-27 Led By Improvement In Occupancy & ARR At Grand Hyatt Mumbai

  Nomura on Cement

  Dealers check

  Northern region: Trade prices increase by INR13/bag m-m in Dec; up INR10/bag q-q

  Southern region: Trade prices remain flat m-m in Dec; down INR8/bag q-q

  Western region: Trade prices remain flat m-m in Dec, up INR11/bag q-q

  MS On Hero MotoCorp

  Underweight Call, Target At Rs4,110/Sh

  Co Launches Electric Scooter, Vida V2 Across Segments

  Think Sustained Market Share Gains Are Key To Re-rating

  e2-wheeler Share Was 6% In Nov-24, & Vida Variants Are Well Priced

  Jefferies on Shriram Finance

  Maintain Buy with target price of Rs 3670

  Steady growth outlook

  Asset quality holding up

  AUM should grow at 18% in FY25

  Stays among top picks

  JPM on HDFC Bank

  Maintain Neutral with target price of Rs 1750 

  “Safe haven” - Bad macro is good for stock micro

  Conversely an improving macro in FY26 may lead to the stock giving up gains

  Think growth will be the main constraint to solve

  Hence within large cap privates we prefer ICICI Bank/Kotak Mahindra Bank

• 10:29 | December 5, 2024

  Stock market live updates today: Markets edge higher, eyes on RBI policy and global cues 

  The stock market opened with a marginal uptick on Wednesday, with the Sensex opening higher at 81,182.74 from its previous close of 80,956.33 and is currently trading at 81,034.95 as of 9.45 AM, up by 78.62 points or 0.10 per cent. Similarly, the Nifty opened at 24,539.15 compared to its previous close of 24,467.45 and is now at 24,476.75, gaining 9.30 points or 0.04 per cent, continuing its four-session winning streak amid anticipation of the Reserve Bank of India’s (RBI) upcoming policy decision and positive global market sentiment. Read more

• 10:16 | December 5, 2024

  Stock market live updates today: Indus Towers shares rise nearly 5% as Vodafone Plc announces selling stake

  Indus Tower Share Price Live

• 10:11 | December 5, 2024

  Stock market live updates today: Shares of Agarwal Toughened Glass debuts at 25% premium

  Track live updates ofAgarwal Toughened Glass shares here

• 10:10 | December 5, 2024

  Stock market live updates today: Narrnadesh Brass Industries bags contract for 100 tonnes of Brass Billets; Sprayking shares rise on BSE

  Narrnadesh Brass Industries, a subsidiary of Sprayking Ltd, has received a contract for procurement of 100 tonnes of Brass Billets amounting to approximately ₹5 crore.

  Sprayking shares rise 1.06% on the BSE to trade at ₹11.48

• 10:08 | December 5, 2024

  Stock market live updates today: Bajaj Auto clarifies on brokerage report; shares trade flat on NSE

  Bajaj Auto clarifies on the latest brokerage report, “We have been made aware of some rumours and misconceptions that have originated from a research report that was published by a brokerage firm regarding the sales volumes and price cuts of ‘Freedom’ and select ‘Pulsar’ variants. The report does not present a full / accurate picture.”

  Shares trade flat on the NSE at ₹8,910.50.

• 09:41 | December 5, 2024

  Stock market live updates today: Tejas Networks to announce GPON OLT, ONT and Management System for BharatNet Last Mile Connectivity project in Tamil Nadu; shares rise on NSE

  Tejas Networks will supply its GPON OLT, ONT and Management System for the state-led BharatNet Last Mile Connectivity (LMC) project in Tamil Nadu.

  Shares rise 1.51% on the NSE to trade at ₹362.60

• 09:37 | December 5, 2024

  Stock market live updates today: Top gainers and losers on the NSE as at 9.30 am

  Top gainers: Infosys (1.13%), TCS (0.99%), Titan (0.89%), Ultratech Cement (0.80%), Tech Mahindra (0.77%)

  Top losers: NTPC (-1.30%), JSW Steel (-0.77%), Bajaj Auto (-0.77%), Grasim (-0.59%), SBI Life (-0.58%)

• 09:35 | December 5, 2024

  Stock market live updates today: Agarwal Toughened Glass listing today

  ​

  ​

• 09:25 | December 5, 2024

  Stock market live updates today: Suraj Estate Developers acquires vacant parcel of land measuring 1,464 square meters, with estimated RERA carpet area of 1.03 lakh square fee

  Suraj Estate Developers has acquired a vacant parcel of land measuring 1,464 square meters. The plot of land upon development will have an estimated RERA carpet area of 1.03 lakh square feet. The new plot is located adjacent to an existing vacant land acquired earlier by the company, also for the development of a commercial building. The two plots together will have a combined plot area of 3,000 square meters which is estimated to have a sale RERA Carpet area of 2.10 lakh square feet with an estimated gross development value of Rs 1,000 crore.

• 09:24 | December 5, 2024

  Stock market live updates today: Crude oil futures trade higher ahead of OPEC+ meet outcome

  Crude oil futures traded higher on Thursday morning as market players awaited the outcome of the OPEC+ (Organization of the Petroleum Exporting Countries, and allies) meeting later in the day. At 9.23 am on Thursday, February Brent oil futures were at $72.38, up by 0.10 per cent, and January crude oil futures on WTI (West Texas Intermediate) were at $68.62, up by 0.12 per cent. December crude oil futures were trading at ₹5830 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹5848, down by 0.31 per cent, and January futures were trading at ₹5818 against the previous close of ₹5838, down by 0.34 per cent.

• 09:18 | December 5, 2024

  Stock market live updates today: Sensex traded marginally higher by 168.00 points or 0.21 % to trade at 81,124.33 as at 9.16 am, and Nifty 50 was up 40.35 points or 0.16% to 24,507.80.

• 09:02 | December 5, 2024

  Stock market live updates today: Fund House Recommendations  

  Citi on Indus Tower: Maintain Buy on Company, target price at Rs 485/Sh (Positive) 

  CLSA on Persistent: Maintain Outperform on Company, riase target price at Rs 8462/Sh (Positive) 

  CLSA on Juniper: Maintain Buy on Company, target price at Rs 430/Sh (Positive) 

  Yes on IOCL: Maintain Buy on Company, target price at Rs 154/Sh (Positive) 

  Yes on BPCL: Maintain Buy on Company, target price at Rs 370/Sh (Positive) 

  Yes on HPCL: Maintain Buy on Company, target price at Rs 475/Sh (Positive) 

  GS on Consumer Durables: In FY26, expect real-estate driven demand for electricals and durables to accelerate. Havells has most diversified portfolio (Positive) 

  Nomura on RBI Meet: Maintain out-of-consensus call for 25 bps repo rate cut to 6.25% on December 6 (Positive) 

  Bank of America on IT Sector: Outlines 7 key trends in IT sector for 2025. (Neutral) 

  Nomura Cement Sector: Price hike in East & North bumps pan-India trade prices by ₹5/bag MoM , concerns remain over demand pan-India (Neutral) 

  UBS on Hero Motocorp: Maintain Sell on Company, target price at Rs 3430/Sh (Neutral) 

  MS on Hero Motocorp: Maintain Underweight on Company, target price at Rs 4110/Sh (Neutral)

  > Kunvarji News Room:

  Kunvarji: India Daybook – Stocks in News 

  Suraj Estate: Company has purchased through a Conveyance Deed a vacant parcel of land admeasuring ~ 1,464 square meters. (Positive) 

  RPP Infra Projects: Company has agreed to develop the 96 Legends project in Sri Lanka with Wills Realtors Pvt Ltd. (Positive) 

  Dynamic Services: Company gets offer letter for “Mega Project” from the Government of Maharashtra to set up a new project for manufacturing of solar PV panels 1800 MW (Positive) 

  Gallantt Ispat: Company receives ₹80.45-crore SGST reimbursement from Gujarat, Uttar Pradesh governments. (Positive) 

  Indraprastha Gas: Company to consider bonus shares on December 10. (Positive) 

  Infosys: Company partners with Kardex to transform its business operations using SAP S/4HANA and Infosys Cobalt. (Positive) 

  Quick Heal Technologies: Company launched Seqrite Malware Analysis Platform (SMAP) and Threat Intel solution. (Positive) 

  Torrent Pharma: Company acquires 3 anti-diabetes brands from Boehringer Ingelheim for an undisclosed sum. (Positive) 

  Techno pack: Company approves bonus share in the ratio 1:1. (Positive) 

  Hero MotoCorp: Company launched VIDA V2 electric scooters in 3 variants (Positive) 

  E2E Networks: L&T invested ₹1079.28 Cr for 29,79,579 equity shares, increasing the paid-up equity share capital to ₹19.86 Cr. (Positive) 

  Royal Orchid: Company opened Regenta Inn in Raipur, Chhattisgarh - its first property in the state. (Positive) 

  Sonata Software: Company achieved AWS Generative AI Competency. (Positive) 

  Cyient DLM: Company signs a MoU with Arcedo Systems to establish a 500 kWp solar power plant at its Mysore facility. (Positive) 

  Swiggy: Company mulls increasing Instamart delivery charges to boost profit margins. (Positive) 

  GOCL Corp: Company announces further monetization of 11 acres of land for ₹142.15 crore. (Positive) 

  Kross: Approved acquisition of 6.56 acres for future expansion. (Positive) 

  RailTel: Company secures Rs. 10.64 crore order from Gail. (Positive) 

  Unicommerce: Hummel partners with Unicommerce for e-commerce operations. (Positive) 

  Bondada Engineering: Company bags order worth ₹108.9 crore from Bihar Renewable Energy Development Agency. (Positive) 

  Sikko Industries: Company board approved the Letter of Offer for its rights issue (Neutral) 

  Rane (Madras) Ltd: Company’s credit rating remains unchanged. (Neutral) 

  Adani Power: Company’s subsidiary, Mahan Energen Limited, has successfully amalgamated with Stratatech Mineral Resources Private Limited. (Neutral) 

  Mastek: Company’s Global CFO, Mr. Arun Agarwal, resigned on Dec 3, 2024. (Neutral) 

  Muthoot Microfin: Company reduces lending rates by 25 bps for IGL, by 125 bps for TPP. (Neutral) 

  Bharat Forge: Company opens QIP, sets floor price at ₹1,323.54/sh. (Neutral) 

  Indus Tower: Omega Telecom Holding and Usha Martin Telematics to sell stake in Indus Towers, offer size is at ₹2,716.9 cr to ₹2,835.8 cr: CNBC Sources (Neutral) 

  Eicher Motors: Royal Enfield opens new assembly plant in Thailand (Neutral) 

  Indian Bank: Received RBI approval to exercise the call option on ₹1500 crore of its Tier 2 Bonds. (Neutral) 

  Mahindra Lifespace: Company received five GST tax orders totaling ₹10.7Cr from Tamil Nadu. (Neutral) 

  EPACK Durable: Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Arjit Gupta (Neutral) 

  KPIT Technologies: Company completed the acquisition of Technica Group for €80 million and KPIT engineering SUARL for €5 million. (Neutral) 

  Home First: Orange Clove Investments B.V. sold 9,442,236 equity shares (10.59%) of Home First Finance Company India Ltd. (Neutral) 

  Force Motors: November Total Sales 1,885 Units Vs 1,884 Units YoY. (Neutral) 

  PG Electroplast: Company opens QIP, sets floor price at ₹705.18/sh (Neutral) 

  Kirloskar Pneumatic: Company acquired 55.26% equity shares of Systems and Components. (Neutral) 

  ICICI Bank: Offices searched by Maharashtra GST authorities. (Neutral) 

  Vodafone Idea: Board to meet on December 9 to discuss Rs 2,000 crore fund raise. (Neutral) 

  Bharat Forge/RK Forge: North America Class 8 Truck Orders Down 9% YoY & Up 18% MoM. (Neutral) 

  Genus Power: Company’s corporate office and chairman’s residence were searched by the Directorate of Enforcement (Negative)

• 09:01 | December 5, 2024

  Stock market live updates today: Dividend Dates

  Phoenix Township Ltd

  Dividend Per Share Rs. 0.10

  Previous day Closing Price – Rs. 269

  Ex-Dividend 06 Dec 2024 (Tomorrow)

  Last date for Cum-Dividend Today

• 09:01 | December 5, 2024

  Stock market live updates today: Demerger Update_Record Date Tomorrow

  Strides Pharma Science Limited (Demerged Company)

  OneSource Specialty Pharma Limited (Resulting Company)

  Symbol: STAR

  Stock Price: 1497.15

  Last cum date: 5 Dec 2024 (Today)

  Record date: 6 Dec 2024\u0009

  Ratio : 1:2 (For every 2 shares held in Strides Pharma Science Limited, the shareholders will receive 1 shares in OneSource Specialty Pharma Limited)

• 09:01 | December 5, 2024

  Stock market live updates today: UPL Limited_Right Issue_Starts Today

  Issue Open - 05-Dec-24 (Today)

  Issue Close - 17-Dec-24

  Right issue Size: Rs.3378 Crs (9.38 Cr Shares)

  Stock Price – 568.30/-

  Right issue Price: Rs. 360.00/-

  Payment Terms: Rs. 90/- (Rs 90 to be paid on application)

  First call: Rs. 270/-

  Rights Entitlement Ratio: 1 Rights Equity Share for every 8 shares held (Effectively 0.125 for every 1 share held).

  Last Trade date (Cum Right): 25 Nov 2024

  Ex-Right Trading date: 26 Nov 2024

  Record Date: 26 Nov 2024

  Right Entitlement (RE) Trading Period:- 05th Dec to 11th Dec

  Last day of Renunciation of Rights Entitlements: 11 Dec 2024

  Date of Allotment (on or about): 24 Dec 2024

  Date of listing (on or about): 01 Jan 2025

• 09:00 | December 5, 2024

  Stock market live updates today: Today’s Corporate Action

  5th Dec Ex Date

  OSEASPR\ 

  E.G.M. \ 

  Today’s Key Results/Board Meetings

  5-Dec-24

  ASYL\ 

  General\ 

  GOLDLEG\ 

  Audited Results\ 

  PRATIKSH\ 

  General\ 

  TERRAFORM\ 

  General\ 

• 08:21 | December 5, 2024

  Stock market live updates today: Sensex, Nifty to open moderately lower

  Gift Nifty at 24,525 signals a flat-to-negative opening for domestic markets on Thursday. After successive gains on four days, benchmarks may see some moderation ahead of the RBI policy meet outcome, said analysts. The return of foreign portfolio investors as buyers may limit the downside. Read more

• 08:10 | December 5, 2024

  Stock market live updates today: LEMON TREE HOTELS HAS RECEIVED A LOAN FROM THE MEGHALAYA GOVT FOR 120-ROOM ORCHID HOTEL REDEVELOPMENT PROJECT IN SHILLONG

• 08:09 | December 5, 2024

  Stock market live updates today: NHC Foods rights to open today

  The rights issue for NHC Foods Limited, a merchant exporter of agricultural commodities and spices, is set to open on December 5, 2024. The company aims to raise ₹4,742.00 lakh to strengthen its working capital and repay secured working capital loans.

  The promoters of NHC Foods aim to increase shareholder engagement and benefits by subscribing to this Rights Issue.

  Below are the key details:

  Closing Price as of December 3, 2024 : ₹.3.21

  Right issue price: ₹.1 per Rights Equity Share

  Rights Issue Size: ₹.47,42,00,000

  Record Date: November 26, 2024

  Rights Issue Opening Date: December 5, 2024

  Renunciation of Rights Entitlement Period: December 5, 2024to December 12, 2024

  Rights Issue Closing Date: December 18, 2024

• 08:07 | December 5, 2024

  Stock market live updates today: Muthoot Microfin announces third interest rate reduction of the year

  Muthoot Microfin has announced its third interest rate reduction of the year, furthering its goal of making financial services more accessible and affordable. The microfinance institution has reduced lending rates by 25 bps for income-generating loans (IGL) and by 125 bps for third-party product loans (TPP).

  The latest rate cut follows earlier reductions of 55 bps in January 2024 and 35 bps in July 2024, underscoring Muthoot Microfin’s commitment to passing on the benefits of reduced funding costs to its borrowers. The new interest rate for IGL is 23.05% and for TPP is 22.70%. These revised rates will be applicable for loans sanctioned from 3rd December 2024.

• 08:05 | December 5, 2024

  Stock market live updates today: Blue Dart launches Affiliate Program

  Blue Dart, South Asia’s leading express air and integrated transportation company, announces the launch of its first-of-its-kind Blue Dart Affiliate Program (BDAP) for technology partners and ecosystem enablers. This innovative program is designed to foster collaboration with top technological enablers in the industry, offering seamless integration of Blue Dart’s advanced logistics solutions while creating new revenue opportunities for affiliates. Participants can promote Blue Dart’s suite of services, onboard new customers, and earn attractive monthly incentives.

• 08:03 | December 5, 2024

  Stock market live updates today: Stocks that will see action today: December 5

  ICICI Bank said GST authorities have initiated a search at three offices of ICICI Bank. The proceedings are on-going and the bank is co-operating fully in providing the data as per requested placed. Read more

• 07:37 | December 5, 2024

  Stock market live updates today: Securities in F&O Ban For Trade Date 05-December-2024

  * GRANULES

  * MANAPPURAM

  * RBLBANK

• 07:36 | December 5, 2024

  Stock market live updates today: Fund Flow Activity

  04 December 2024 (Rs. In Crs.)

  Turnover: (NSE + BSE)

  Cash Volume: 119361.32 + 6521.21 Total: 125882.53

  F&O Volume: 457616.18 + 1761522.81 Total: 2219138.99

  Provisional Cash

  FII/FPI: NET BUY: +1797.60 

  (19,968.95 – 18,171.35) 

  DII: NET SELL: -900.62 

  (14,082.28 – 14,982.90)

• 07:14 | December 5, 2024

  Stock market live updates today: Major U.S. listed stocks result calendar 05.12.2024

  Bank Of Montreal (Pre Market) (Sector- Financials)

  Kroger Company (The) (Pre Market) (Sector- FMCG)

  Brown Forman Corporation (Pre Market) (Sector- FMCG)

  Dollar General Corporation (Pre Market) (Sector- Retailer)

  lululemon athletica inc. (Post market) (Sector- Textiles)

  Veeva Systems Inc. (Post market) (Sector- Healthcare)

  Samsara Inc. (Post market) (Sector- Technology)

  Hewlett Packard Enterprise Company (Post market) (Sector- Technology)

  The Cooper Companies, Inc. (Post market) (Sector- Healthcare)

  DocuSign, Inc. (Post market) (Sector- Technology)

  Ulta Beauty, Inc. (Post market) (Sector- Retailer)

  Guidewire Software, Inc. (Post market) (Sector- Technology)

  DocuSign, Inc (Post market) (Sector- Technology)

  GitLab Inc. (Post market) (Sector- Technology )

  Rubrik, Inc (Post market) (Sector- Technology )

• 07:14 | December 5, 2024

  Stock market live updates today: Economic Calendar – 05.12.2024

  TENT OPEC-JMMC Meetings

  15.00 U.K. Construction PMI (Expected: 53.5 versus Previous: 54.3)

  19.00 U.S. Unemployment Claims (Expected: 215K versus Previous: 213K)

• 07:09 | December 5, 2024

  Stock market live updates today: BL Explainer: Trademark dispute between Mahindra and IndiGo over ‘6E’

  India’s largest airline, Indigo, has taken automobile giant Mahindra & Mahindra (M&M) to the Delhi High Court over the use of the identifier “6E” in Mahindra Electric Automobile’s (MEAL) recently unveiled electric vehicle, BE 6e. IndiGo, which holds a registered trademark for “6E” claims this constitutes trademark infringement. Read more

• 07:07 | December 5, 2024

  Stock market live updates today: Dr Reddy’s will top up base business with innovation in India: M V Ramana

  After being one of the major players in the US and European markets, pharma major Dr Reddy’s Laboratories is now keen on ramping up its position in the domestic market with a slew of measures. Out of a total revenue of ₹27,916 crore, its India business logged ₹4,640 crore in FY24. businessline spoke to M. V. Ramana, CEO, Branded Markets (India & Emerging Markets), Dr. Reddy’s Laboratories on the company’s plans. ​Read more​

• 07:05 | December 5, 2024

  Stock market live updates today: Blackstone and Sattva Group set to file papers for $750-800 million REIT listing

  World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial assets, to raise around $750-800 million, sources said. Read more

• 07:02 | December 5, 2024

  Stock market live updates today: Berger Paints eyes sales boost amid mass consumption slowdown, focuses on premium products: Abhijit Roy, MD & CEO

  Berger Paints India is focussing on increasing sales to boost its profitability in the current market scenario where mass consumption products are not growing as fast as premium products, says MD & CEO Abhijit Roy. In an interview with businessline, Roy says the company will gain around 2 -2.5 per cent market share in the next three years from current levels in the country’s paints industry in spite of increased competition. And, the company’s installed capacity is much higher than that of Birla Opus Paints. Read more

• 06:57 | December 5, 2024

  Stock market live updates today: Today’s Stock Recommendation: December 5, 2024
• 06:50 | December 5, 2024

  Stock market live updates today: Kotak AMC highlights 5 factors that could aid market in 2025

  Market corrections are opportunities to invest in large-cap or strong companies at reasonable valuations, according to Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company. Read more

• 06:49 | December 5, 2024

  Stock market live updates today: GDP growth slowdown is a blip, advances have grown well in Q3 so far: SBI Chief Setty

  The slowdown in the second quarter GDP growth is more of a blip as in the current (third) quarter so far, barring some segments such as personal loans, State Bank of India’s advances, especially in the agriculture, SME and corporate segments, have “grown well”, according to Chairman Challa Sreenivasulu Setty. Read more

• 06:46 | December 5, 2024

  Stock market live updates today: Stock to buy today: Indian Overseas Bank (₹58.98) BUY

  The outlook for Indian Overseas Bank (IOB) is bullish. The stock surged over 8 per cent on Wednesday and closed on a strong note. This rise confirms a double bottom pattern on the charts. It also gives an early sign of a trend reversal. Support is around ₹56 - the neckline level of the double bottom pattern. 

Published on December 5, 2024