16 Dec 2024 | 08:29:22 AM IST
Synopsis
Sensex Today | Stock Market LIVE Updates: The markets extended their positive momentum for the fourth consecutive week, gaining nearly half a percent amid consolidation. Looking ahead, market participants will closely monitor the Manufacturing and services PMI. However, the key focus will be on the US Fed meeting, where a 25 basis point rate cut is already factored in.
Sensex Today | Stock Market LIVE Updates: Going forward, the trend is likely to remain strong, with the potential to reach 25,000 and higher in the short term. On the lower end, support is placed at 24,550.
Sensex Today | Stock Market LIVE Updates: Interest burden haunts $29 trillion emerging debt pile
Emerging economies, already bracing for a challenging 2025, are now grappling with surging interest payments on a $29 trillion debt accumulated over the past decade.
Sensex Today | Stock Market LIVE Updates: Here are the stocks that will be in focus today due to various news developments
Sensex Today | Stock Market LIVE Updates: Boeing’s year of crisis leaves investors wary of beaten-up stock
What was expected to be a rebound year for Boeing Co. has instead resulted in its steepest stock-market decline since 2008. According to Wall Street projections, the aircraft manufacturer’s shares might see only a modest recovery in 2025.
Sensex Today | Stock Market LIVE Updates: Kotak Fund in talks to lend Rs 4,000 cr to Bilt Graphic Paper
The Kotak Special Situations Fund is reportedly in advanced discussions to provide a loan of approximately ₹4,000 crore to Bilt Graphic Paper Products for refinancing its debt with Edelweiss Asset Reconstruction, according to sources. The loan is expected to carry an interest rate of around 20% and could be finalized in the first quarter of the next financial year.
Sensex Today | Stock Market LIVE Updates: A bullish Nifty may target 25,200: Technical Analysts
Technical analysts suggest that strong bullish patterns and potential unwinding of short positions could propel the Nifty to 25,200 this week, sparking a broader market rally. Notable stocks like Kotak Bank, ICICI Bank, TCS, Coforge, Titan, Dixon, HPCL, Bharti Airtel, Tata Motors, and SBI have also exhibited bullish chart patterns.
Sensex Today | Stock Market LIVE Updates: Hot Stocks: 5 stocks that may give returns between 11-30%
Here’s a glance at recent stock recommendations by analysts, with projected returns ranging from 11% to 30% based on their price targets.
Sensex Today | Stock Market LIVE Updates: Stocks to buy today: Shakti Pumps, JK Tyre and IOC on investors’ radar
Benchmark indices surged by nearly 1% on Friday, driven by bargain hunting in technology and consumer durable stocks, supported by positive domestic inflation data.
Notable stocks in the spotlight included Shakti Pumps, which climbed 5%, IOC, which advanced 2.01%, and JK Tyre, which saw a marginal dip of 0.037%.
Sensex Today | Stock Market LIVE Updates: Mobikwik IPO share allotment expected soon: Check status, GMP, listing date and other details
The share allotment for the Mobikwik IPO is expected to be finalized either later today or tomorrow morning. Shares will be distributed through a lottery system, with the process overseen by the registrar. On the allotment date, investors will learn the number of shares allocated to them compared to their bids.
Sensex Today | Stock Market LIVE Updates: Vishal Mega Mart IPO: Check allotment status, GMP, listing date and other details
The share allotment for the Vishal Mega Mart IPO is expected to be finalized either later today or by tomorrow morning. Shares will be allocated through a lottery system, with the process overseen by the registrar. On the allotment date, investors will find out the number of shares allotted to them compared to the bids they placed.
Sensex Today | Stock Market LIVE Updates | With December bets, FPIs turn net buyers in equities for 2024
Foreign portfolio investors (FPIs) shifted to net positive investment in Indian equities by December 13, 2024, following a surge in interest over the past two weeks. So far in 2024, FPIs have invested $982.6 million (Rs 7,746 crore) in Indian stocks, driven by a substantial $13,357.5 million (Rs 1,11,930.9 crore) investment in the primary market through IPOs and qualified institutional buying (QIB).
Sensex Today | Stock Market LIVE Updates | Stocks in news: Vedanta, Dixon Tech, Bharat Forge, ONGC, RIL
The final trading session of last week was a roller-coaster ride, with markets experiencing sharp swings in both directions before ending nearly 1% higher. In today’s trade, shares of Vedanta, Dixon Tech, Bharat Forge, ONGC, RIL among others will be in focus due to various news developments.
Sensex Today | Stock Market LIVE Updates | GIFT Nifty signals a negative start
GIFT Nifty on the NSE IX traded lower by 98 points, or 0.39 per cent, at 24,780.50, signaling that Dalal Street was headed for negative start on Monday.
Stock Market LIVE Updates | Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025.
Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve.
Sensex Today | Stock Market LIVE Updates | Oil eases from highest in weeks, investors eye Fed rate cuts
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts.
Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran.
Sensex Today | Stock Market LIVE Updates | Forex News
- The euro rose 0.1% to $1.0512
- The Japanese yen was little changed at 153.60 per dollar
- The offshore yuan was little changed at 7.2790 per dollar
Sensex Today | Stock Market LIVE Updates | Global market watch
- S&P 500 futures were little changed as of 9:32 a.m. Tokyo time
- Hang Seng futures fell 0.3%
- Nikkei 225 futures (OSE) rose 0.3%
- Japan’s Topix was little changed
- Australia’s S&P/ASX 200 fell 0.3%
- Euro Stoxx 50 futures rose 0.1%