Stock Market Live: Shakti Pumps Share Price Rises After Bagging Order Worth Rs 753.30 Crore
Shares of Shakti Pumps (India) Ltd. rose 5% to Rs 856.55 apiece, the highest level Nov 27. The share price rose as the company received a letter of empanelment from the Maharashtra State Electricity Distribution Co. for 25000 standalone off–grid DC solar Photovoltaic water pumping systems. The total value of the order is Rs 753.30 crore, the company said in an exchange filing on Wednesday.
Stock Market Live Today: Hyundai Motors Shares Decline For Second Day
Shares of Hyundai Motor India Ltd. continued their downward trajectory for the second consecutive day on Thursday, as they fell by over 3%. The stock has been under pressure following a recent price hike announcement for its 2025 models and a negative rating from Bank of America (BofA), which placed the company under its “underperform” category.
Stock Market Today: Goldman Sachs On Container Corp
Goldman Sachs has maintained a “Sell” rating on Container Corp of India, with a revised target price of Rs 710, down from the previous target of Rs 851, indicating a potential downside of 16%. The firm believes that the company’s earnings may face further downside due to weak growth in rail traffic. Concerns about Container Corp market share persist amid increasing competition, and there are ongoing worries about potential earnings downgrades.
Despite the recent correction in the stock price, Goldman Sachs sees additional downside risks. They also note that Adani Ports and Special Economic Zone Ltd.’s dominant presence in the port sector could allow them to capture market share from incumbents like Container Corp of India. Furthermore, even after the correction, the stock is trading at 20.5x FY26 EV/EBITDA, which is above the long-term median multiple of 18.5x.
Stock Market Live Updates: Nifty IT Rises To Record High As Tech Mahindra, TCS Share Prices Lead
The NSE Nifty IT rose to record high of 45,803.40 on Thursday. Tech Mahindra Ltd. and Tata Consultancy Services Ltd. were top contributors to the index.
Stock Market Live Updates Today: Nifty, Sensex Open Flat; HDFC Bank, RIL Top Draggers
The NSE Nifty 50 and BSE Sensex opened on a muted note Thursday. HDFC Bank Ltd. and Reliance Industries Ltd. were top draggers. As of 09:19 a.m., the Nifty 50 was trading 5.25 points or 0.02% higher at 24,647.05, and the Sensex was trading 51.04 points or 0.06% higher at 81,577.18.
The Nifty 50 index has remained tightly range-bound, oscillating within a 300-point band over the past four sessions. However, given the volatility witnessed during the last weekly expiry, it’s expected that the trend to persist as market participants adapt to SEBI’s revised expiry norms. Nifty is likely to trade within the range of 24,200 to 24,850, said IFA Global Research Academy in a quote.
Meanwhile, Bank Nifty underperformed in the previous session and appears to be taking a breather. We anticipate it to trade between 52,800 and 53,800, IFA Global Research Academy said.
HDFC Bank Ltd., Larsen & Toubro Ltd., Reliance Industries Ltd., Trent Ltd., and Tata Motors Ltd. weighed on the Nifty 50 index.
Tata Consultancy Services Ltd., ICICI Bank Ltd., Infosys Ltd., Tech Mahindra Ltd., and Hindalco Industries Ltd. added to the Nifty 50 index.
On NSE, five sectors advanced, six declined and one remained flat out of 12. The NSE Nifty IT rose the most, and the NSE Nifty Media declined the most.
Broader markets were trading on a muted note. The BSE Midcap was 0.07% higher, and the BSE Smallcap was 0.03% down.
On BSE, 13 sectors declined, eight sectors advanced out of 12. The BSE Focused IT rose the most, and the BSE Auto declined the most.
Market breadth was skewed in favour of buyers. Around 1,616 stocks advanced, 1,324 stocks declined, and 104 stocks remained unchanged on BSE.
Stock Market Today: Nifty, Sensex Lower At Pre–Open
At pre–open, the NSE Nifty 50 was trading 37.35 points or 0.15% down at 24,604.45, and the BSE Sensex was trading 0.06% or 49.38 points down at 81,476.76.
Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.72%. It closed at 6.71% on Wednesday, according to Bloomberg.
Rupee Opens Flat Against US Dollar
Rupee opened flat at 84.85 against the US dollar. It closed at 84.84 on Wednesday, according to data on Bloomberg.
Stock Market Today Live Updates: JP Morgan On India Cement Sector
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Dealer checks state price hikes in North & East remain weak
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Cement prices in West/ South up Rs 15-20/Rs 20-25 per bag
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Most cement dealers caution on how price hikes should persist
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Price hikes might role back if demand doesn’t improve
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Brokerage does expect cement prices to generally move up heron
JP Morgan’s Top Cement Bets:
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UltraTech Cement due to consolidation
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ACC due to valuations, better price momentum in South
Stock Market Live: Jefferies On India Power
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Top Picks: NTPC, JSW Energy, Power Grid
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Nov 25 power demand up 4% YoY vs 2.3% decline in Aug- Oct’24
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In eight months of financial year 2025 demand growth at 4% YoY, below brokerage’s 7% estimate for FY25
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Renewable auctions in FY25 till date remain upbeat
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Expect data centre’s and AI boom to boost power demand
Stock Market Today: Gopal Snacks Reports No Casualities In Their Gujarat Production Unit
Gopal Snacks Ltd. has reported that there were no casualties or injuries among personnel at their production unit in Gujarat following a fire incident. The company has filed an exchange notice regarding the matter.
Stock Market Live: Nomura On India Pharmaceuticals
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IPM Monthly trends
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IPM recorded 10.7% y-y growth in Nov 2024
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Growth highest in 4 months, driven by low base.
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Price increases (4-5%) drove growth
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Volume growth remains slow due to competition from trade generics and private labels.
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IPCA recorded 19% y-y growth,leading the market.
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Sun Pharma, Alkem, DRRD, Zydus, and Glenmark outperformed
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Cipla, Torrent, and Lupin lagged.
Stock Market Live Updates: Morgan Stanley On Steel
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See green shoots for spreads expansion in 2025
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Inventory de-stocking has started
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Demand outlook to improve in coming months and normalizing imports
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Maintain overweight on JSPL and JSW Steel
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Maintain equalweight on Tata Steel
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Maintain underweight on SAIL
Stock Market Today: Emkay Global Research On CEAT
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Retain Buy and raise target price Rs 4,000, which implied a 27% upside
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Conference call takeaways
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Acquisition part of Cos focus on premium, off highway tyres, and exports
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Mix of Off Highway Tyres/exports to rise to 25% each vs 15%/19-20% now
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Double digit market share of Camso in US Europe to aid efforts
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Mgmt expects synergies in channel and clients to lead to further market-share gains
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After 3 years, other segments (Agri, power sports, harvesters) would potentially open up
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Estimates are unchanged; value at 18x Dec-26E PE
Most Asian Stocks Rise As US CPI Meets Estimates
Most Asian stocks rose on Thursday, taking cues from overnight moves on Wall Street. The US CPI rose 0.3% in November in line with estimates, which affirmed the expectation of 25–basis–point rate cut by the US Federal Reserve.
The Nikkei 225 and KOSPI indices ended 1.52% and 0.56% higher, respectively. The S&P ASX 200 ended 0.17% down.
Most US Stocks End Higher Post CPI Data
Most US stocks ended higher on Wednesday as tech stocks rose after a benign CPI report, Bloomberg reported.
The S&P 500 and Nasdaq Composite indices ended 1.77% and 0.82% higher, respectively. The Dow Jones Industrial Average ended 0.22% down.
GIFT Nifty Above 24,700; Bharat Forge, Hyundai Motor, Vedanta Share Prices In Focus
The GIFT Nifty was trading above 24,700 in early trade on Thursday. Bharat Forge Ltd., Hyundai Motor India Ltd., Vedanta Ltd. share prices are likely to react in today’s session.
The GIFT Nifty was trading 0.08% or 21 points lower at 24,745.50 as of 06:45 a.m.
The NSE Nifty 50 snapped its three-session fall and the BSE Sensex rose for the second consecutive day on Wednesday ahead of the US inflation data later in the day and from India a day later.
The Nifty ended 31.75 points or 0.13% higher at 24,641.8 and the Sensex closed 16.09 points or 0.02% up at 81,526.14.
. Read more on Markets by NDTV Profit.The Nifty 50 was trading 0.01% down and Sensex was 0.06% higher. Get live updates from Indian stock markets here. Read MoreMarkets, Notifications
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