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At 09:29 IST, the barometer index, the S&P BSE Sensex, declined 155.55 points or 0.20% to 79,077.31. The Nifty 50 index lost 38.85 points or 0.16% to 23,912.85.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.01% and the S&P BSE Small-Cap index rose 0.12%.
The market breadth was strong. On the BSE, 1,867 shares rose and 1,134 shares fell. A total of 126 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 4,224.92 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,943.24 crore in the Indian equity market on 19 December 2024, provisional data showed.
Stocks in Spotlight:
Dhanlaxmi Bank rallied 4.46% after the companys board has approved a right issue of equity shares worth Rs 297.54 crore and fixed the price at Rs 21 per share. The issue will open on 8 January 2024 and close on 28 January 2024.
GE Vernova T&D advanced 2.84% after the company has received order worth Rs 400 crore from Sterlite Grid 32 for the supply and supervision of HV equipment for TBCB project.
KPI Green energy gained 3.31% after the company has signed memorandum of understanding (MoU) with government of Rajasthan of rthe development of hybrid solar and wind power projects in Jaisalmer Rajasthan.
Numbers to Track:
The yield on Indias 10-year benchmark federal paper rose 0.08% to 6.905 as compared with previous close 6.899.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.0950, compared with its close of 84.1300 during the previous trading session.
MCX Gold futures for the 5 February 2024 settlement added 0.09% to Rs 75,716.
The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was up 0.03% to 108.44.
The United States 10-year bond yield declined 0.22% to 4.560.
In the commodities market, Brent crude for February 2024 settlement lost 52 cents, or 0.71% to $72.36 a barrel.
Global Markets:
The Dow Jones index futures were down 194 points, signaling a weak opening for U.S. stocks today.
Most of the Asian stocks advanced on Friday as The Peoples Bank of China held its loan prime rates steady on Friday, leaving the one-year rate unchanged at 3.1% and the five-year rate at 3.6%.
Investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserves monetary policy stance.
Meanwhile, Japans consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous months 2.3%.
The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.
In Europe, the Bank of England also kept its policy rate unchanged at 4.75% on Thursday.
U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Feds hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.
The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.
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Read MoreAt 10:29 IST, the barometer index, the S&P BSE Sensex, declined 221.80 points or 0.26% to 78,936.31. The Nifty 50 index lost 67.90 points or 0.28% to 23,883.80.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.51% and the S&P BSE Small-Cap index fell 0.38%.
The market breadth was negative. On the BSE, 1,668 shares rose and 1,917 shares fell. A total of 181 shares were unchanged.
New Listing:
Shares of International Gemmological Institute India were currently trading at Rs 474.25 at 10:25 IST on the BSE, representing a premium of 13.73% as compared with the issue price of Rs 417.
The scrip was listed at Rs 504.85, exhibiting a premium of 21.06% to the issue price.
So far, the stock has hit a high of 525 and a low of 472.20. On the BSE, over 25.56 lakh shares of the company were traded in the counter so far.
Buzzing Index:
The Nifty Private Bank index dropped 1.06% to 24,791.15. The index plunged 4.54% in four consecutive trading sessions.
RBL Bank (down 5.03%), Axis Bank (down 2.11%), IDFC First Bank (down 1.14%), Federal Bank (down 1.12%), IndusInd Bank (down 1.10%), HDFC Bank (down 0.85%), Kotak Mahindra Bank (down 0.54%), City Union Bank (down 0.49%), ICICI Bank (down 0.25%) and Bandhan Bank (down 0.10%) declined.
Stocks in Spotlight:
Mufin Green Finance shed 0.61%. The company has entered into finance agreement with United States International Development Finance Corporation, a U.S. Governments development finance institution for the financial facility up to the sum of USD 18 million.
BASF India surged 8.79% after the companys board has given in-principle approval for the demerger of the companys agricultural solutions business into a separate listed entity. The agricultural solutions business generated sales of Rs 2,006.46 crore, representing 14.57% of the total revenues of the company in FY24.
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Read MoreAt 11:29 IST, the barometer index, the S&P BSE Sensex, declined 167.57 points or 0.22% to 79,047.33. The Nifty 50 index lost 30.55 points or 0.13% to 23,921.15.
In the broader market, the S&P BSE Mid-Cap index declined 0.25% and the S&P BSE Small-Cap index fell 0.03%.
The market breadth was negative. On the BSE, 1,847 shares rose and 1,907 shares fell. A total of 155 shares were unchanged.
IPO Update:
The initial public offer (IPO) of Ventive Hospitality received bids for 6,23,277 shares as against 1,44,34,453 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 0.04 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 610 and Rs 643 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.
The initial public offer (IPO) of Senores Pharmaceuticals received bids for 34,18,062 shares as against 85,34,681 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 0.40 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 372 and Rs 391 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof.
The initial public offer (IPO) of Carraro India received bids for 3,81,318 shares as against 1,30,98,803 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 0.03 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 668 and Rs 704 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.
The initial public offer (IPO) of Sanathan Textiles received bids for 89,07,624 shares as against 1,26,22,950 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 0.71times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 305 and Rs 321 per share. An investor can bid for a minimum of 46 equity shares and in multiples thereof.
The initial public offer (IPO) of DAM Capital Advisors received bids for 8,03,03,321 shares as against 2,08,04,632 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 3.86 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 269 and Rs 283 per share. An investor can bid for a minimum of 53 equity shares and in multiples thereof.
The initial public offer (IPO) of Transrail Lighting received bids for 4,10,79,616 shares as against 1,39,16,742 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 2.95 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 410 and Rs 432 per share. An investor can bid for a minimum of 34 equity shares and in multiples thereof.
The initial public offer (IPO) of Concord Enviro Systems received bids for 41,34,039 shares as against 50,15,356 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 0.82 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 665 and Rs 701 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.
The initial public offer (IPO) of Mamata Machinery received bids for 11,62,58,131 shares as against 51,78,227 shares on offer, according to stock exchange data at 11:10 IST on 20 December 2024. The issue was subscribed to 22.45 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 230 and Rs 243 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof.
Buzzing Index:
The Nifty Oil & Gas index gained 0.86% to 10,878.25. The index fell 3.33% in past four consecutive trading sessions.
Aegis Logistics (up 7.80%), GAIL (India) (up 2.56%), Petronet LNG (up 2.27%), Indian Oil Corporation (up 1.21%), Bharat Petroleum Corporation (up 1.21%), Oil & Natural Gas Corpn (up 0.64%), Hindustan Petroleum Corporation (up 0.54%), Gujarat State Petronet (up 0.46%), Gujarat Gas (up 0.44%) and Reliance Industries (up 0.27%) advanced.
Stocks in Spotlight:
Waaree Energies declined 2.09%. The company announced that its wholly owned subsidiary, Waaree Solar Americas has started its trial production of 1.6 GW Solar Module line at its Unit situated at Brookshire, in the state of Texas, USA.
Knowledge Marine & Engineering Works rallied 4.63% after the companys board will meet on Tuesday, 24 December 2024 to consider fund raising and stock split proposal.
Global Markets:
The Dow Jones index futures were down 90 points, signaling a negative opening for U.S. stocks today.
Asian stocks traded mixed on Friday as The Peoples Bank of China held its loan prime rates steady on Friday, leaving the one-year rate unchanged at 3.1% and the five-year rate at 3.6%.
Investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserves monetary policy stance.
Meanwhile, Japans consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous months 2.3%.
The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.
In Europe, the Bank of England also kept its policy rate unchanged at 4.75% on Thursday.
U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Feds hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.
The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.
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Read MoreAt 12:30 IST, the barometer index, the S&P BSE Sensex, dropped 413.22 points or 0.52% to 78,804.83. The Nifty 50 index lost 112.70 points or 0.47% to 23,839.
In the broader market, the S&P BSE Mid-Cap index declined 0.54% and the S&P BSE Small-Cap index fell 0.35%.
The market breadth was negative. On the BSE, 1,893 shares rose and 1,908 shares fell. A total of 144 shares were unchanged.
Derivatives:
The NSEs India VIX, a gauge of the markets expectation of volatility over the near term, added 1.65% to 14.75. The Nifty 26 December 2024 futures were trading at 23,888.55, at a premium of 49.55 points as compared with the spot at 23,839.
The Nifty option chain for the 26 December 2024 expiry showed a maximum call OI of 128.4 lakh contracts at the 25,000 strike price. Maximum put OI of 89 lakh contracts was seen at 24,000 strike price.
Buzzing Index:
The Nifty IT index declined 1.58% to 44,245.65. The index fell 2.81% in two consecutive trading sessions.
LTIMindtree (down 3.54%), L&T Technology Services (down 2.54%), Mphasis (down 2.5%), Persistent Systems (down 1.94%), Tech Mahindra (down 1.77%), Coforge (down 1.12%), Tata Consultancy Services (down 0.83%), HCL Technologies (down 0.68%), Wipro (down 0.58%) and Infosys (down 0.27%) slipped.
Stocks in Spotlight:
MTAR Technologies jumped 7.74% after the company announced that it has received Rs 226 crore of orders in clean energy and aerospace segments.
ITCONS E-Solutions fell 1.99%. The company said that it has secured a new work order worth Rs 3.61 crore to provide manpower services on a contractual basis from Central Warehousing Corporation (CWC) Kochi, Kerala.
Tolins Tyres shed 0.44%. The company informed that it has approved the appointment of Sojan C. S. as chief financial officer (CFO) and key managerial personnel of the company with effect from 19 December 2024.
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Read MoreAt 13:30 IST, the barometer index, the S&P BSE Sensex, dropped 719.24 points or 0.91% to 78,498.81. The Nifty 50 index lost 202.35 points or 0.84% to 23,749.10.
In the broader market, the S&P BSE Mid-Cap index declined 0.54% and the S&P BSE Small-Cap index fell 0.35%.
The market breadth was negative. On the BSE, 1,893 shares rose and 1,908 shares fell. A total of 144 shares were unchanged.
Gainers & Losers:
Dr. Reddys Laboratories (up 2.23%), Hindalco Industries (up 0.68%), Apollo Hospitals Enterprise (up 0.59%), Asian Paints (up 0.35%) and SBI Life Insurance Company (up 0.29%) were major Nifty gainers.
Tech Mahindra (down 2.77%), TCS (down 2.52%), Axis Bank (down 2.43%), Mahindra & Mahindra (down 2.28%) and IndusInd Bank (down 2.25%) were the major Nifty losers.
Stocks in Spotlight:
Dhanlaxmi Bank rallied 5.63% after the companys board approved a right issue of equity shares worth Rs 297.54 crore and fixed the price at Rs 21 per share. The issue will open on 8 January 2024 and close on 28 January 2024.
GE Vernova T&D advanced 1.04% after the company received an order worth Rs 400 crore from Sterlite Grid 32 for the supply and supervision of HV equipment for the TBCB project.
KPI Green Energy was locked in 5% upper circuit after the company signed a memorandum of understanding (MoU) with the government of Rajasthan for the development of hybrid solar and wind power projects in Jaisalmer, Rajasthan.
BASF India surged 4.41% after the companys board gave in-principle approval for the demerger of the companys agricultural solutions business into a separate listed entity. The agricultural solutions business generated sales of Rs 2,006.46 crore, representing 14.57% of the total revenues of the company in FY24.
Global Market:
The Dow Jones index futures were down 78 points, signaling a negative opening for U.S. stocks today.
European shares declined on Friday as investors monitor political turmoil in the U.S. and monetary policy decisions from various major economies.
Asian stocks traded mixed on Friday as the Peoples Bank of China held its loan prime rates steady on Friday, leaving the one-year rate unchanged at 3.1% and the five-year rate at 3.6%.
Investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserves monetary policy stance.
Meanwhile, Japans consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous months 2.3%.
The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.
In Europe, the Bank of England also kept its policy rate unchanged at 4.75% on Thursday.
U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Feds hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.
The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.
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Read MoreAt 14:25 IST, the barometer index, the S&P BSE Sensex, tumbled 782.23 points or 0.99% to 78,436.88. The Nifty 50 index dropped 229.80 points or 0.96% to 23,721.90.
In the broader market, the S&P BSE Mid-Cap index slipped 1.52% and the S&P BSE Small-Cap index fell 1.47%.
The market breadth was weak. On the BSE, 1,166 shares rose and 2,775 shares fell. A total of 108 shares were unchanged.
Buzzing Index:
The Nifty Realty index slipped 2.59% to 1,074.65. The index fell 3.93% for the four consecutive trading sessions.
Sobha (down 3.66%), Brigade Enterprises (down 3.35%), Macrotech Developers (down 3.13%), Prestige Estates Projects (down 2.95%) and Raymond (down 2.42%) were the top losers. Among the other losers were Phoenix Mills (down 2.27%), DLF (down 1.91%), Godrej Properties (down 1.66%), Oberoi Realty (down 0.63%) declined
Numbers to Track:
The yield on Indias 10-year benchmark federal paper rose 1.74% to 6.905 as compared with the previous close of 6.899.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.0775, compared with its close of 84.9450 during the previous trading session.
MCX Gold futures for the 5 February 2025 settlement rose 0.13% to Rs 75,770.
The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was down 0.25% to 108.13.
The United States 10-year bond yield fell 0.24% to 4.559.
In the commodities market, Brent crude for February 2024 settlement lost 32 cents, or 0.44% to $72.56 a barrel.
Stocks in Spotlight:
Alembic Pharmaceuticals rose 0.64%. The company announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Divalproex Sodium Delayed-Release Capsules.
Hindustan Construction Company declined 3.49%. The company said that its board has approved the closure of the issue for the qualified institutions placement of equity shares of the company on Thursday, 19 December 2024.
Kothari Products hit an upper circuit of 20% after the companys board scheduled to meet on 27 December 2024 to consider bonus issue of equity shares.
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Read MoreThe key equity benchmarks suffered significant losses on Friday, marking their fifth consecutive day of decline. The Nifty 50 index closed below the 23,600 level, after reaching an intraday high of 24,065.80. The market witnessed a broad-based sell-off, with realty, PSU banks, and IT stocks leading the decline.
The U.S. Federal Reserves indication of fewer rate cuts in the coming year has dampened investor sentiment. The strengthening dollar against the rupee has prompted foreign investors to divest from Indian equities. Concerns over potential trade disputes under the Trump administration have added to market volatility.
The barometer index, the S&P BSE Sensex, plunged 1,176.46 points or 1.49% to 78,041.59. The Nifty 50 index tumbled 364.20 points or 1.52% to 23,587.50. In five consecutive trading sessions, the Sensex and Nifty slipped by 4.98% and 4.76%, respectively.
Mahindra & Mahindra (down 3.60%), Reliance Industries (down 2%) and HDFC Bank (down 1.19%) were major drags.
The broader market tumbled. The S&P BSE Mid-Cap index dropped 2.43% and the S&P BSE Small-Cap index fell 2.11%.
The market breadth was weak. On the BSE, 1,045 shares rose and 2,950 shares fell. A total of 90 shares were unchanged.
The NSEs India VIX, a gauge of the markets expectation of volatility over the near term, jumped 3.87% to 15.07.
Numbers to Track:
The yield on Indias 10-year benchmark federal paper grew 1.75% to 6.906 as compared with the previous close of 6.899.
In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.0175 compared with its close of 85.1300 during the previous trading session.
MCX Gold futures for the 5 December 2024 settlement added 0.22% to Rs 75,820.
The US Dollar index (DXY), which tracks the greenbacks value against a basket of currencies, was down 0.24% to 108.15.
The United States 10-year bond yield fell 0.59% to 4.541.
In the commodities market, Brent crude for February 2025 settlement declined 72 cents or 0.99% to $72.16 a barrel.
Global Markets:
The Dow Jones index futures were down 214 points, signaling a weak opening for U.S. stocks today.
European shares tumbled on Friday after U.S. president-elect Donald Trump issued a fresh trade threat to the EU, floating on social media the possibility that he would impose new tariffs on the bloc unless it purchased more oil and gas from the United States.
Investors monitored political turmoil in the U.S. and monetary policy decisions from various major economies.
In Europe, the Bank of England kept its policy rate unchanged at 4.75% on Thursday.
Asian stocks ended lower on Friday as investors digested inflation data from Japan as well as an interest rate decision from China.
The Peoples Bank of China held its loan prime rates steady on Friday, leaving the one-year rate unchanged at 3.1% and the five-year rate at 3.6%.
Investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserves monetary policy stance.
Meanwhile, Japans consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous months 2.3%.
The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.
U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Feds hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.
The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.
New Listing:
Shares of International Gemmological Institute India were at Rs 470.15 on the BSE, representing a premium of 12.75% as compared with the issue price of Rs 417.
The scrip was listed at Rs 504.85, exhibiting a premium of 21.07% to the issue price. The stock has hit a high of 525 and a low of 454.55. On the BSE, over 51.11 lakh shares of the company were traded in the counter.
Stocks in Spotlight:
Restaurant Brands Asia slipped 1.11%. The company has informed that its board has approved raising of funds through issue of instruments or securities including equity shares or any other eligible securities by way of a qualified institutions placement (QIP) upto Rs 500 crore.
KPI Green Energy hit an upper circuit of 5% after the company signed a memorandum of understanding (MoU) with the government of Rajasthan for the development of hybrid solar and wind power projects in Jaisalmer, Rajasthan.
BASF India surged 4.81% after the companys board gave in-principle approval for the demerger of the companys agricultural solutions business into a separate listed entity. The agricultural solutions business generated sales of Rs 2,006.46 crore, representing 14.57% of the total revenues of the company in FY24.
Jyoti hit an upper circuit of 10% after the company announced that its Switchgear Division has secured order worth Rs 32.89 crore for supply of 11 KV VCB Panels.
Kothari Products hit an upper circuit of 20% after the companys board scheduled to meet on 27 December 2024 to consider bonus issue of equity shares.
Sagility India rose 2.94% at Rs 45.19 after a global brokerage firm initiated coverage on the stock with a buy rating and a target price of Rs 52.
Anant Raj rose 0.98% to Rs 845.80 after a domestic broker has initiated coverage on the stock with a buy rating and a target price of Rs 1,100.
Hindustan Construction Company declined 1.32%. The company said that its board has approved the closure of the issue for the qualified institutions placement of equity shares of the company on Thursday, 19 December 2024.
Knowledge Marine & Engineering added 1.60% after the companys board scheduled to meet on Tuesday, 24 December 2024 to consider fund raising and stock split proposal.
Dhanlaxmi Bank rallied 3.82% after the companys board has approved a right issue of equity shares worth Rs 297.54 crore and fixed the price at Rs 21 per share. The issue will open on 8 January 2024 and close on 28 January 2024.
Tata Power Company fell 2.75%. The company said that its subsidiary, Tata Power Renewable Energy has joined hands with Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Scheme.
GE Vernova T&D India advanced 1.31% after the company received an order worth Rs 400 crore from Sterlite Grid 32 for the supply and supervision of HV equipment for the TBCB project.
Steel Strips Wheels gained 1.73% after the company received nomination for steel wheel business from a leading European original equipment manufacturer (OEM) with a business value of around Euro 15 million.
IPO Update:
The initial public offer (IPO) of DAM Capital Advisors received bids for 14,52,54,503 shares as against 2,08,04,632 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 6.98 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 269 and Rs 283 per share. An investor can bid for a minimum of 53 equity shares and in multiples thereof.
Mamata Machinerys IPO received bids for 19,54,62,727 shares as against 51,78,227 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 37.75 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 230 and Rs 243 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof.
Ventive Hospitalitys IPO received bids for 1,02,39,485 shares as against 1,44,34,453 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 0.71 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 610 and Rs 643 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.
Senores Pharmaceuticals IPO received bids for 1,51,51,550 shares as against 85,34,681 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 1.78 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 372 and Rs 391 per share. An investor can bid for a minimum of 38 equity shares and in multiples thereof.
Carraro Indias IPO received bids for 11,24,277 shares as against 1,30,98,803 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 0.09 times.
The issue opened for bidding on 20 December 2024 and it will close on 24 December 2024. The price band of the IPO is fixed between Rs 668 and Rs 704 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.
Sanathan Textiles IPO received bids for 1,80,43,086 shares as against 1,26,22,950 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 1.43 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 305 and Rs 321 per share. An investor can bid for a minimum of 46 equity shares and in multiples thereof.
Transrail Lightings IPO received bids for 7,38,94,750 shares as against 1,39,16,742 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 5.31 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 410 and Rs 432 per share. An investor can bid for a minimum of 34 equity shares and in multiples thereof.
Concord Enviro Systems IPO received bids for 62,15,517 shares as against 50,15,356 shares on offer, according to stock exchange data at 17:00 IST on 20 December 2024. The issue was subscribed to 1.24 times.
The issue opened for bidding on 19 December 2024 and it will close on 23 December 2024. The price band of the IPO is fixed between Rs 665 and Rs 701 per share. An investor can bid for a minimum of 21 equity shares and in multiples thereof.
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GIFT Nifty:
The GIFT Nifty December futures contract is currently down 33 points, indicating a negative start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth Rs 4,224.92 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,943.24 crore in the Indian equity market on 19 December 2024, provisional data showed.
According to NSDL data, FPIs have bought shares worth over Rs 10069.97 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.
Global Markets:
The Dow Jones index futures were down 168 points, signaling a weak opening for U.S. stocks today.
Most Asian stocks declined on Friday as investors awaited the release of the U.S. Personal Consumption Expenditure (PCE) price index, a key inflation gauge, for further insights into the Federal Reserves monetary policy stance.
Meanwhile, Japans consumer price index (CPI) rose slightly more than expected in November. Core CPI, which excludes volatile fresh food items, increased to 2.7% year-on-year, exceeding the previous months 2.3%.
The Bank of Japan (BOJ) held interest rates steady on Thursday, its final meeting of the year, and provided limited clues on future rate hikes. However, the central bank projected a gradual increase in inflation over the next year.
In Europe, the Bank of England also kept its policy rate unchanged at 4.75% on Thursday.
U.S. stock indices closed mixed on Thursday after a sharp decline the previous day. Investors remained cautious about the Feds hawkish stance and the potential impact on the economy. The S&P 500 and the Nasdaq Composite fell 0.1%, and the Dow Jones Industrial Average closed 0.04% higher.
The U.S. House of Representatives rejected a Republican-backed funding bill on Thursday, increasing the risk of a government shutdown as the current funding deadline approaches midnight on Friday.
Domestic Market:
Key equity benchmarks tumbled for the fourth consecutive day on Thursday, fueled by negative global sentiment. The Federal Reserves decision to slash interest rates by 25 basis points on Wednesday, its third consecutive rate reduction, provided some respite. However, the central banks hawkish stance, signaling fewer rate cuts in 2025 due to persistent inflation and a robust economy, dampened market spirits. Volatility gripped the market as the weekly index options on the NSE expired. The S&P BSE Sensex tumbled 964.15 points or 1.20% to 79,218.05. The Nifty 50 index dropped 247.15 points or 1.02% to 23,951.70. In four consecutive trading sessions, the Sensex and Nifty plunged by 3.54% and 3.29%, respectively.
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