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Stock Market LIVE Updates: Nifty around 21,700, Sensex up 200 pts today; Hero Moto, NTPC top gainers

Sensex Today | Stock Market LIVE Updates: Coal India, Hero MotoCorp, NTPC, BPCL and Power Grid are among the top gainers on the Nifty, while losers are Adani Enterprises, Maruti Suzuki, Infosys, Eicher Motors and Grasim. Among sectors, oil & gas, power and metal indices up 0.5-1 percent each. BSE Midcap and Smallcap indices are trading with marginal gains.

December 28, 2023 / 10:54 am IST
  • Stock Market LIVE Updates: Nifty around  21,700, Sensex up 200 pts today; Hero Moto, NTPC top gainers
    Stock Market Today
  • IndexPricesChangeChange%
    Sensex72,160.30121.87 +0.17%
    Nifty 5021,688.2533.50 +0.15%
    Nifty Bank48,374.3092.10 +0.19%
    Nifty 50 21,688.25 33.50 (0.15%)
    Thu, Dec 28, 2023
    Biggest GainerPricesChangeChange%
    NTPC313.407.35 +2.40%
    Biggest LoserPricesChangeChange%
    Maruti Suzuki10,206.10-82.40 -0.80%
    Best SectorPricesChangeChange%
    Nifty Energy33492.70280.10 +0.84%
    Worst SectorPricesChangeChange%
    Nifty IT35663.00-78.00 -0.22%

  • December 28, 2023 / 10:54 AM IST

    Sensex Today | Shrey Jain, Founder and CEO SAS Online:

    Indian stocks are reaching new highs, buoyed by optimism surrounding the nation's macroeconomic fundamentals and robust global market trends. Currently, Nifty is at 21,700, with Bank Nifty surpassing 48,400.

    Looking at the technical side, Nifty50 is expected to stay supported between 21,575 and 21,600. The 21,800 Call strike has a lot of interest with about 82 lakh shares. On the other hand, the 21,500 Put strike is also significant with around 135 lakh shares.

    For Bank Nifty, a strong support range is between 48,000 and 48,150. The 48,500 Call strike has meaningful interest with about 26 lakh shares. Meanwhile, on the Put side, the 48,000 strike has a considerable interest of around 36 lakh shares.

    Overall market sentiments are positive, FIIs have made substantial purchases, once again, adopting a "buy on dip" strategy is advisable.

  • December 28, 2023 / 10:52 AM IST

    Stock Market LIVE Updates | PTC Industries in supply chain solutions pact with Nasmyth

    Shares of PTC Industries are trading flat on December 28 after it entered into a pact with Nasmyth (UK) with focus on offering solutions to defence and aerospace customers.

    Nasmyth and PTC will work together in support of the ‘Make in India’ Atmanirbhar Bharat programme. This collaboration also addresses the growing demand for vertically integrated supply chain solutions.

    By increasing capacity in the market, the partnership aims to provide global solutions to original equipment manufacturers (OEMs) seeking to diversify and de-risk their supply chains while offering opportunities for capacity growth. Read More

  • December 28, 2023 / 10:45 AM IST

    Stock Market LIVE Updates | Cerebra Integrated Technologies reappoints V Ranganathan as Managing Director

    Cerebra Integrated Technologies' board has reappointed V Ranganathan as Managing Director, and P Vishwamurthy as Wholetime Director of the company for three years with effect from January 1, 2024.

  • December 28, 2023 / 10:36 AM IST

    Sensex Today | BSE Oil & gas index up 1 percent supported by HPCL, Petronet LNG, GAIL India:

    BSE Oil & Gas Top Stock Gainers (Intra-day)
    Petronet LNG222.002.64274.67k
    Linde India5,632.101.041.44k
  • December 28, 2023 / 10:32 AM IST

    Stock Market LIVE Updates | Oil India skids on payment of Rs 551 cr to Numaligarh Refinery for rights issue

    Shares of Oil India had a muted start of the day on the NSE on December 28, a day after the oil and gas major payed Rs 551 crore to Numaligarh Refinery against a rights issue. At 9:20 am, the stock was trading in the red at Rs 380.20.

    According to an exchange filing, Oil India has paid the second call of Rs 551 crore to Numaligarh Refinery at Rs 27.50 per equity share. Numaligarh Refinery, according to the filing, has allotted 20,03,44,555 partly paid-up equity shares to Oil India under rights issue allotment. The company holds 69.63 percent in Numaligarh Refinery.

  • December 28, 2023 / 10:30 AM IST

    Stock Market LIVE Updates | Antique View on CESC

    Buy, target raised to Rs 150 from Rs 93
    Company undergoing radical changes
    Setting up 3GW of RE generation plants; phase wise contribution will add Rs 6 bn/GW of EBITDA by FY26
    Chandrapur–600 MW is selling 70 MW of power in spot—with option to add 230 MW at higher prices

  • December 28, 2023 / 10:25 AM IST

    Sensex Today | HDFC Bank market capitalisation crosses Rs 13 lakh crore:

  • December 28, 2023 / 10:23 AM IST

    Sensex Today | Shivani Nyati, Head of Wealth, Swastika Investmart:

    Azad Engineering, the manufacturer of forged components, made a solid debut on the stock market, listing at Rs 720 per share, a substantial 37% premium over its IPO price of Rs 524. While this performance demonstrates strong investor interest, it falls short of the pre-listing excitement that anticipated a potentially higher rise.

    Azad Engineering's successful listing signifies its strong fundamentals and growth potential. For investors seeking exposure to the manufacturing sector with high growth potential, Azad Engineering offers a compelling opportunity, and existing investors in the IPO may consider holding their shares. However, a cautious approach is advised due to the full valuation and potential risks, and thus a stop loss of around 650 is recommended.

  • December 28, 2023 / 10:15 AM IST
    BSE 500 Stocks touched 52-week high
    Company52-Week HighDay’s HighCMP
    Hind Copper255.15255.15252.95
    Hero Motocorp4148.904148.904,146.00
    Sona BLW633.00633.00622.55
  • December 28, 2023 / 10:08 AM IST

    Sensex Today | Azad Engineering lists at Rs 720, over 37% premium to IPO price:

    Sachin Tendulkar-backed Azad Engineering saw a strong start on bourses on December 28, listing at 37.4 percent premium against its issue price. The stock began trading at Rs 720 on the NSE and Rs 710 on the BSE, while its IPO price was Rs 524.

    The strong listing comes on the back of good interest shown by investors in the company's Rs 740-crore public issue. Qualified institutional buyers took the lead, buying 179.66 times the allotted quota. At the same time, high net worth individuals (non-institutional investors) and retail investors picked shares 87.55 times and 23.71 times the portions set aside for them, respectively.

  • December 28, 2023 / 10:04 AM IST

    Stock Market LIVE Updates | L&T Construction wins large orders for its Power Transmission & Distribution (PT&D) business:

    The Power Transmission & Distribution business of L&T Construction has secured key orders in the Middle East region.

    In the United Arab Emirates, the business has received an order for Engineering, Supply, Construction, Installation, Testing and Commissioning a 400/132kV Substation. The scope also includes associated Transformer, Reactor and Substation Control & Monitoring Systems (SCMS).

    In Kuwait, the business has won an order to establish 400kV Overhead Transmission Lines along with associated 400kV Underground Cable interconnections. This transmission segment of more than 100KM route length will help to evacuate and generate power. Additional orders have been won in ongoing substation orders in the region.