SHARE MARKET TODAY HIGHLIGHTS | Indices settle at fresh closing peaks; Nifty ends at 21,654.75; Sensex tops 72,000
SHARE MARKET TODAY LIVE: The S&P BSE Sensex surpassed the crucial 72,000 for the first time, while the Nifty Bank ended above 48,200 amid healthy buying across the board. At close, the Sensex stood at 72,038.43, up 701.63 points, or 0.98 per cent while the NSEs Nifty ended at 21,654.75, up 213.40 points. Nifty Bank shut the shop at 48,282.20 levels. Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.coms blog.
SHARE MARKET TODAY LIVE: It was another day of milestones on D-Street on Wednesday, December 27. The key equity indices, Sensex, Nifty, and Nifty Bank, all hit record highs during the session and ended at fresh closing peaks. The S&P BSE Sensex surpassed the crucial 72,000 for the first time, while the Nifty Bank ended above 48,200 amid healthy buying across the board. At close, the Sensex stood at 72,038.43, up 701.63 points, or 0.98 per cent while the NSE's Nifty ended at 21,654.75, up 213.40 points. Nifty Bank shut the shop at 48,282.20 levels.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Latest Updates
Thank you! That's all for today on Zeebiz.com's blog on the Indian share market
For all other news related to business, politics, tech, sports and auto, follow us on Twitter, Facebook, LinkedIn and Instagram.
MARKET AT CLOSE | Here's how key NSE indices fared today
MARKET AT CLOSE: Sensex ends over 700 pts higher
CLOSING BELL | Indices settle at fresh closing peaks; Nifty ends at 21,654.75; Sensex tops 72,000
Bajaj Auto shares rise 3%; here's why
Bajaj Auto shares were up over 3 per cent on BSE after brokerage firm DAM Capital retained a 'buy' on the stock and increased the target from Rs 6,000 apiece to Rs 7,200 apiece. The brokerage is confident about the company's growth after the management meeting. It believes that the company has a stronghold in the fast-growing premium segment and strengthens its premium portfolio with Triumph motorcycles, Pulsar RS, and Dominar. It also expects the company to benefit from tie-ups with Triumph, Husqvarna, and KTM in the future.
MARKET UPDATE: Sensex hits 72,000 for the first time
ICICI Lombard gets GST demand notice of over Rs 5.66 crore
ICICI Lombard on Wednesday said it received a demand notice for alleged short payment of GST of over Rs 5.66 crore. In a regulatory filing, ICICI Lombard General Insurance Company said it has received an order from the Joint Commissioner CGST & Central Excise, Bhopal, Madhya Pradesh, raising a GST demand of Rs 5,66,02,264 and levying a penalty of Rs 56,60,226 click here.
Suzlon Energy secures a 100.8 MW new order
Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 100.8 MW wind power project for the Indian subsidiary of a leading Nordic Energy Company.
Railtel Corporation Of India receives work order worth Rs 76.19 crore
Railtel Corporation Of India has received the work order from the Bihar Education Project Council for the supply of Teaching Learning Material for Class I to III under rate contract amounting to Rs 76.19 crore.
Ayodhya Ram Mandir: Tourism boom in the offing! Check out six stocks that will be sure-shot winners
The inauguration ceremony of the famous Ram Temple in Ayodhya, Uttar Pradesh, is slated to take place on January 22, 2024. The event will not only be remarkable from a religious perspective but certain pockets of the economy are also expected to benefit in a big way from the opening of the grand temple. click here.
L&T stock hits fresh all-time high; technicals point to further gains
Shares of blue chip stock Larsen and Toubro (L&T) marked a fresh all-time high of Rs 3,548 per share amid broad-based buying. At around 11:13 am, shares of the infra major were up over 1 per cent at Rs 3,527.5. It gained as much as 1.69 per cent earlier click here.
Nifty Bank hits life high!
High-beta Nifty Bank clocked a lifetime high at 48,245.05, rallied over half a per cent or over 230 points.
Innova Captab IPO Allotment Today
The allotment of the Initial Public Offer (IPO) of integrated pharmaceutical company Innova Captab is expected today. The IPO has garnered a good response from investors and received 55.26 times subscription on the last day of bidding on Tuesday. The investors now await the allotment click here.
Vishnu Prakash hits an all-time high after construction firm bags around Rs 900 cr order from Uttarakhand govt
Vishnu Prakash Share Price: Shares of Vishnu Prakash R Punglia Ltd hit an all-time high of Rs 242.45 on BSE on Wednesday (December 27, 2023) after the construction engineering company inked deals worth around Rs 900 crore with the Uttarakhand government click here.
SoftBank receives $7.6 bln T-Mobile stake windfall, shares soar
SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5 per cent click here.
MARKET UPDATE: Nifty hits a record high of 21,595.10
Nifty hits record high!
At around 11:37 a.m. on Wednesday, December 27, Nifty scripted history by clocking a lifetime high at 21,594.05. The NSE Nifty was up nearly 150 points. High-beta Nifty Bank was also up by nearly 370 points. Meanwhile, the S&P BSE Sensex was up over 450 points above the 71,750 level.
Vedanta stock rises despite mining giant trades ex-dividend
Vedanta Ltd shares were trading higher on BSE on Wednesday (December 27, 2023) despite the stock trading ex-dividend today. The Vedanta stock was up by 1.10 per cent, or Rs 2.75, at Rs 253.45, at 10:58 am on Wednesday click here.
Amber Enterprises stock spikes over 4% as its subsidiary forms JV
Shares of Amber Enterprises rallied in early trade on Wednesday, December 27, by as much as 4.5 per cent to the day’s high of Rs 3,177.6 as the company’s subsidiary formed a joint venture entity click here.
Indiabulls Housing rises near 2% after ex-Blackstone MD Cyriac raises his stake through bulk deal
Shares of Indiabulls Housing Finance Ltd rose in early morning deals on BSE on Wednesday (December 27, 2023) after public shareholder Mathew Cyriac bought 24.99 lakh shares of the company on Tuesday (December 26) click here.
Gold and Silver price today (December 27, 2023): Precious metal flat; Gold above Rs 63,000
Domestic yellow metal futures traded in the green on Wednesday amid weakness in the U.S. dollar and lower Treasury yields on expectations that the Federal Reserve will lower interest rates next year click here.
RBZ Jewellers shares make flat debut on Dalal Street
In the pre-opening session, RBZ Jewellers shares settled at Rs 100, the same price as the issue, on NSE click here.
Credo Brands' share make a muted debut
In the pre-opening session, Mufti jeans maker Credo Brands shares settled at Rs 282.35 on the NSE, a premium of just 0.84 per cent to the issue price of Rs 280..click here
Happy Forgings shares list at 17.65% premium on NSE
In the pre-opening session, Happy Forgings shares settled at Rs 1,000 on the NSE, a premium of 17.65 per cent to the issue price of Rs 850. Know more..
SJVN rises over 3% after PSU's subsidiary bags 100 MW solar power project
Shares of SJVN got an early morning boost on BSE on Wednesday (December 27, 2023) after the government PSU's subsidiary received a 100 MW solar power project through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).
The SJVN stock was up by 2.93 per cent, or Rs 2.68, at Rs 94.25 at 9:35 on Wednesday. The company successfully bagged the quoted capacity of 100 MW Solar Project at Rs 2.63/Unit on Build Own and Operate basis through a tariff-based competitive bidding process of GUVNL, SJVN said in a statement. Read more..Happy Forgings shares to list today
The initial public offering of auto component maker Happy Forgings was overall subscribed 82.04 times, driven by huge demand from institutional buyers. For live updates, click here.
Mufti jeans maker Credo Brands to list today
The IPO of the apparel company was subscribed 51.85 times. For updates, click here.
FIRST TRADE | 25 stocks on the Sensex trade in the green
Stocks to watch today | HUL, LIC, Nerolac, Power Grid, TVS Motor
Power Grid
The company's board will consider the issue of Unsecured, Non-Convertible, Non-Cumulative, Redeemable, and Taxable Bonds in a meeting on December 29, 2023. The company acquired Koppal II Gadag II Transmission Limited (KIIGIITL), the Project SPV. The power company has also commissioned the 500 MW Tuticorin wind energy zone project.
Kansai Nerolac Paints
The paint company's board has accepted the proposal for selling Lower Parel land along with the building for Rs 726 crore. The land will be sold to Aethon Developers Private Limited.
SEAMEC
The shipping company signed a Memorandum of Understanding (MoU) with HAL Offshore for the Charter Hire of Offshore Support Vessel 'Sea Pearl'. The Charter rate is $8,750/per day for three years, aggregating to $9.59 million.
LIC
The insurance behemoth will set up a Branch Office of the Corporation at the International Financial Services Centre, GIFT City, Gujarat. READ MORE
Nifty during the pre-open session
Markets on Tuesday
The domestic benchmark indices Sensex and Nifty50 finished higher on Tuesday, December 26, amid buying in all sectors except IT and the PSU Bank index. The S&P BSE Sensex ended 229.84 points, or 0.32 per cent, higher at 71,336.8, and the NSE Nifty was up 91.95 points, or 0.43 per cent, at 21,441.35.
Trade Setup | Asian stocks rise with year-end cheer
Asian stocks rose broadly on Wednesday, tracking a rally from Wall Street as investors latched on to the year-end optimism driven by expectations that the Federal Reserve could begin cutting rates as early as next March. As traders wind down with a few critical economic data releases scheduled between now and the end of the month, the market mood continues to be dominated by the prospect that major central banks globally could begin easing rates in 2024, with the Fed taking the lead. READ MORE
Trade Setup | Wall Street ends higher in final stretch of 2023, rate cuts in view
U.S. stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon as March. All three major U.S. stock indexes rose in light trading a day after the Christmas holiday, with the S&P 500 touching its highest intraday level since January 2022. All three are on track for monthly, quarterly and annual gains. READ MORE
Good morning! Welcome to Zeebiz.com's blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more throughout the day.
Happy trading, and happy investing!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.