Stock Market LIVE Updates: Sensex, Nifty jump over 1% after four days of decline

New Delhi: Markets ended with a jump of over 1 percent on Monday after four days of losses amid a positive global markets trends.

The 30-share BSE benchmark rallied 721.13 points or 1.20 per cent to settle at 60,566.42. During the day, it jumped 988.49 points or 1.65 per cent to 60,833.78. On similar lines, the broader NSE Nifty advanced 207.80 points or 1.17 per cent to end at 18,014.60.

From the Sensex pack, State Bank of India, IndusInd Bank, Bajaj Finserv, Tata Steel, ITC, Axis Bank, HDFC Bank, UltraTech Cement, NTPC and Tata Motors were the major winners. Nestle, Kotak Mahindra Bank, Bharti Airtel, HCL Technologies and Hindustan Unilever were the laggards.

Puneet Maheshwari, Director- Upstox said, "This year India has seen modest growth. In July to September there were six major economies - Malaysia, Greece, the Philippines, Israel, Colombia and Argentina with growth higher than the 6.3 per cent which India achieved in the April to September quarter of this fiscal. Growth by the year end is unlikely to be vastly different. Few of the macroeconomic factors for this include inflation, fear of recession, volatile markets etc."

"However, we witnessed some positivity after nearly two years of social, financial and economic uncertainty and we expect that with more financial power in the hands of citizens will lead to surging equity participation and a stronger economy in the coming years. According to reports, by 2027, India's economy will rank third in the world, and by the end of the decade, its stock market will rank third. Economic growth will be more robust, equity participation will rise, and citizens will hold more financial sway. This is a very positive indication of where the future of India is headed," he added. 

Last week, Investors lost Rs 15.78 lakh crore in four sessions, with the market capitalisation of BSE-listed companies standing at Rs 2,72,12,860.03 crore.

On Friday, the BSE Sensex plunged 981 points to end below the 60,000-mark following across-the-board selling on Friday amidst fear of another global pandemic wave being fanned by the surging COVID cases in China.

Here are the updates on Stock market

26 December 2022

16:00 IST

Stock market live: Rupee gains 17 paise to close at 82.65 against US dollar

The rupee appreciated 17 paise to close at 82.65 (provisional) against the US dollar on Monday, tracking positive domestic equities and the weakening of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.79 and touched an intra-day high of 82.63 and a low of 82.83 against the greenback. It finally settled at 82.65, registering a rise of 17 paise over its previous close of 82.82.

15:40 IST

Stock market live updates: Markets end in green

Sensex rallies 721.13 points to end at 60,566.42. Nifty climbs 207.80 points to close at 18,014.60.

14:45 IST

Stock market live updates: Sensex rises 901.5 points or 1.51% to 60,746.79

At 14.46 hrs, the BSE sensex was trading 901 points higher. Pharma stocks were trading lower.

14:41 IST

Gold futures gain Rs 46 to Rs 54,620

Gold price on Monday increased by Rs 46 to Rs 54,620 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 46 or 0.08 per cent at Rs 54,620 per 10 grams in a business turnover of 13,785 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said.

Globally, gold was trading 0.50 per cent higher at USD 1,804.20 per ounce in New York.

14:40 IST

President Droupadi Murmu to inaugurate MIDHANI's wide plate mill 

President Droupadi Murmu will on Tuesday inaugurate a wide plate mill of state-owned special steel manufacturer MIDHANI in Hyderabad.
In a regulatory filing on Monday, Mishra Dhatu Nigam Limited (MIDHANI) said the plate mill was installed at its existing facility in Hyderabad at an investment of around Rs 500 crore for rolling of slabs of various alloys.

13:08 IST

DCB bank announces Allotment of ESOP / ESPS

"We wish to inform you that the Bank has issued and allotted 39,270 equity shares of Rs.10/- each today i.e. on December 26, 2022 to the employees of the Bank, pursuant to the terms of the Employee Stock Option Plan (ESOP) of the Bank. The Bank's issued and paid-up share capital will according increase from 31,11,68,463 equity shares of Rs.10/- each to 31,12,07,733 equity shares of Rs.10/- each," DCB bank said in a BSE filing. 

12:30 IST

Yash Pakka appoints new CEO

Yash Pakka, a pioneer in the Indian sustainable packaging space, has announced that it has approved the appointment of Neetika Suryawanshi as Chief Financial Officer of the Company w.e.f. 26th December 2022. Suryawanshi has replaced Jignesh Shah.

"The Board considered and accepted the resignation letter dated 24th November, 2022 of Mr. Jignesh Shah, Chief Financial Officer of the Company," Yash Pakka said in a BSE Filing

12:21 IST

Powergrid India announces closure of trading window

Powergrid Corporation of India has announced closure of trading window for 48 hours. "This is to inform that the Trading Window of the Company will remain closed from 31st December, 2022 till 48 hours after the declaration of Financial Results of the Company for the quarter and nine months ended 31st December, 2022," the company said in a BSE filing.

11:46 IST

Videocon CEO Venugopal Dhoot arrested

CBI arrests Videocon founder Venugopal Dhoot in connection with ICICI Bank loan case

11:10 IST

Alembic Pharma gets USFDA nod for generic drug to treat breast cancer

Alembic Pharmaceuticals said it has received final approval from the US health regulator for its generic Fulvestrant injection used in treatment of breast cancer. The approval granted by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA), Fulvestrant injection of strength 250 mg/5 mL (50 mg/mL) per single-dose prefilled syringe, the company said in a statement.

10:05 IST

Advent International acquires significant stake in Suven Pharmaceuticals

"Public Announcement to the Public Shareholders of Suven Pharmaceuticals Limited (“Target Company”) with respect to the proposed open offer (“Offer” / “Open Offer”) for acquisition of up to 6,61,86,889 fully paid-up equity shares of face value of INR 1/- (Indian  Rupee One only) each representing 26.00% of the Voting Share Capital from the Public Shareholders of the Target Company," Kotak Mahindra Capital Company Ltd, who is Manager to the Open Offer has submitted to BSE a copy of Public Announcement.

09:45 IST

Stock market live updates: Nifty sectoral indices

Other than NIfty pharma, all sectoral indices are trading in green

09:29 IST

Stock market live updates: HDFC stocks rally

Sensex was trading higher. HDFC, M&M, Tata Motors, and Tata steel were among the major gainers, rising upto 1.18 percent.

09:11 IST

Stock market live updates: Muted trading in Asian Markets

Nikkei higher by 0.4 percent, while Taiwan, Kospi and Shanghai Composite were trading flat.

07:42 IST

Sensex, Nifty LIVE Updates: US stocks closed higher on Friday

US stocks closed higher on Friday as investors assessed inflation data against rate hike and recession fears while energy shares jumped on higher oil prices. 

07:36 IST

Share Market LIVE Updates: SGX Nifty opens higher

SGX Nifty gains suggest a positive start today, Nifty futures opened higher at 17,886