19-December 2023 Stock Market Updates – Sensex, Nifty, Trade | Details

19-December 2023 Stock Market Updates

VoM News Desk | December 19, 2023 | 10:12 AM IST | Breaking News | Follow on Google News

19-December 2023 Stock Market Updates – Sensex, Nifty, Trade | Details

19-December 2023 Stock Market Updates – Sensex, Nifty, Trade | Details

Equity indices rebounded into the green around mid-day on Tuesday. At 12 pm the Sensex was up 135.16 points or 0.19% at 71,450.25, and the Nifty was up 28.10 points or 0.13% at 21,446.80.

Tokyo stocks closed higher as the yen slipped against the dollar after the Bank of Japan maintained its ultra-loose monetary policy. The benchmark Nikkei 225 index rose 1.41% or 460.41 points to 33,219.39, while the broader Topix index gained 0.73% or 16.95 points to end at 2,333.81.

Japan’s Nippon Steel Corp fell more than 6% in early trading following its announcement that it would buy United States Steel Corp for $14.1 billion. The deal would create the world’s second-largest steel company — and the biggest outside of China — with a key role in supplying American manufacturers and automakers.

Meanwhile, US stock futures were little changed after Wall Street extended its relentless rally on Monday. The S&P 500 and the Nasdaq clocked solid gains, while the Dow ended flat. The S&P 500 is now just 1.2% from its all-time closing high, which it hit in January 2022.

Brent crude surpassed $78 a barrel due to recent attacks on ships crossing the Red Sea. Gold futures continued to hover around $2,040 an ounce.

19 Dec 2023, 12:11:19 PM IST

On Tuesday, Tokyo stocks concluded the session higher, with the yen weakening against the dollar subsequent to the Bank of Japan’s decision to uphold its ultra-loose monetary policy. The benchmark Nikkei 225 index surged by 1.41%, equivalent to 460.41 points, concluding at 33,219.39. Similarly, the broader Topix index also advanced, gaining 0.73% or 16.95 points to close at 2,333.81.

19 Dec 2023, 12:03:21 PM IST

At 12 pm, the Sensex showed an increase of 135.16 points or 0.19%, reaching 71,450.25, while the Nifty was up by 28.10 points or 0.13% at 21,446.80.

19 Dec 2023, 11:50:41 AM IST

Oil prices climbed on Tuesday following attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea, causing disruptions in maritime trade and necessitating companies to redirect vessels.

Brent crude futures increased by 21 cents, or 0.27%, reaching $78.16 a barrel at 0530 GMT. The front-month U.S. West Texas Intermediate crude futures contract, slated to expire on Tuesday, rose by 3 cents to $72.50 a barrel. Meanwhile, the more actively traded second-month contract rose by 6 cents, or 0.08%, to $72.88.

19 Dec 2023, 11:44:12 AM IST

The bank has attained approval from the Reserve Bank of India for its merger with IDFC. Consequently, its stock has risen by approximately 0.5%

19 Dec 2023, 11:34:17 AM IST

Vedanta Ltd has announced its approval to raise a total of ₹3,400 crore through the issuance of non-convertible debentures (NCDs), as detailed in the company’s exchange filing. The plan entails the issuance of 3.4 lakh NCDs, each carrying a face value of ₹1 lakh. These NCDs are described as secured, unrated, unlisted, and redeemable, as stated by Vedanta.

19 Dec 2023, 11:18:53 AM IST

The FMCG giant has designated January 5 as the record date for its previously approved 1:10 stock split, as sanctioned by the board back in October.

19 Dec 2023, 11:08:03 AM IST

Shares of steel tube manufacturer JTL Industries soared over 4%, reaching a new 52-week high subsequent to the company’s announcement of intentions to raise ₹1,310 crore. This fundraising endeavor will be executed through a preferential issue and qualified institutional placement (QIP).

19 Dec 2023, 11:03:53 AM IST

At 11 am, the Sensex observed a decline of 73.78 points or 0.10%, resting at 71,241.31. Simultaneously, the Nifty also experienced a downturn, decreasing by 29.50 points or 0.14% to reach 21,389.20.

19 Dec 2023, 10:52:15 AM IST

The IMF’s growth projection for the ongoing financial year, concluding on March 31, 2024, falls below the 7% forecast made by the Reserve Bank of India. Highlighting India’s potential for even stronger growth, the IMF emphasized the possibility of achieving higher economic expansion by leveraging greater contributions from labor and human capital through the implementation of comprehensive reforms.

19 Dec 2023, 10:37:38 AM IST

India Glycols Limited witnessed a significant surge in its shares by 13%, reaching ₹794, subsequent to the company’s announcement of securing orders worth ₹1,164 crore. These orders pertain to the supply of ethanol under the Ethanol Blended Petrol Programme.

19 Dec 2023, 10:34:35 AM IST

In a filing to the stock exchange on Tuesday, SpiceJet stated its interest to the resolution professional of Go First regarding the potential acquisition of the bankrupt carrier. The airline expressed its intention to conduct due diligence and subsequently submit an offer for acquisition.

19 Dec 2023, 10:31:49 AM IST

The company has authorized the launch of a Qualified Institutional Placement (QIP) to secure funds. The set floor price for this QIP stands at ₹2,449, indicating a 6% discount in comparison to Monday’s closing price.

19 Dec 2023, 10:11:22 AM IST

The company’s subsidiary, De TVvyani International DMCC based in Dubai, has made a significant move into Thailand’s quick/limited service restaurants market. This strategic maneuver involved acquiring a controlling interest in Restaurants Development Co Ltd,

Thailand.19 Dec 2023, 10:10:10 AM IST

Zee Entertainment shares are down 3.7%. The company has sought to postpone its merger with Sony India, which said on Tuesday it has not yet agreed to extend the deadline.

19 Dec 2023, 10:06:55 AM IST

The company has commenced a qualified institutional placement (QIP) aimed at fundraising. The established floor price for this placement is ₹1,245, representing a 9.19% discount from Monday’s closing price. A board meeting scheduled for December 21 has been convened to finalize and decide upon the issue price for this placement.

19 Dec 2023, 09:38:14 AM IST

Biocon Biologics, a subsidiary, has successfully completed the transition of the acquired biosimilar business across approximately 120 countries, accomplishing this milestone a year ahead of the scheduled timeline.

19 Dec 2023, 09:24:30 AM IST

Certainly, among the major gainers on the Nifty were ONGC, Nestle, Apollo Hospital, Britannia, and Coal India. Conversely, notable losers included TCS, HDFC Bank, Titan Company, HCL Tech, and Kotak Mahindra Bank.

19 Dec 2023, 09:24:30 AM IST

At 9.15 am, the Sensex had gained 43.88 points or 0.06%, reaching 71,358.97, while the Nifty was up by 17 points or 0.08% at 21,435.70.

19 Dec 2023, 09:08:30 AM IST

The rupee commenced trading slightly lower at 83.10 per dollar compared to its previous closing rate of 83.06.

19 Dec 2023, 08:45:54 AM IST

Devyani International DMCC, based in Dubai, a subsidiary of the company, has ventured into the quick/limited service restaurants market in Thailand. This expansion was realized through the acquisition of a controlling interest in Restaurants Development Co Ltd, Thailand.

19 Dec 2023, 08:32:52 AM IST

The Bank of Japan (BOJ) opted for no modifications to its negative interest rate policy, maintaining the benchmark interest rate at -0.1%. Additionally, the central bank retained its stance on its yield curve control policy without making any alterations.

19 Dec 2023, 08:12:426 AM IST

The company has announced that its board will convene on December 22 to deliberate on the monetization of future cash flows from one or more of its power stations for a suitable duration. This initiative forms a part of its strategy to finance capital expenditures (capex) for FY24 and the subsequent periods.

FMCG giant Nestle India has set January 5 as the record date for its previously announced stock split. In October, the company’s board had approved a stock split in the ratio of 1:10.

19 Dec 2023, 07:56:43 AM IST

The company has finalized an agreement to purchase a 16.7% stake in Lyndra Therapeutics, headquartered in Massachusetts, for a total of $30 million. Lyndra specializes in innovative delivery technology designed for long-acting oral therapies.

19 Dec 2023, 07:34:41 AM IST

The government has declared a substantial reduction in the windfall profit tax levied on domestically produced crude oil and diesel exports, as stated in a notification released on December 18. This adjustment includes a significant decrease in the Special Additional Excise Duty (SAED) imposed on these commodities.

Effective immediately, the SAED on domestically produced crude oil has been reduced from ₹5,000 per tonne to ₹1,300 per tonne. Additionally, the SAED on diesel exports has been slashed from ₹1 per litre to ₹0.50 per litre.

19 Dec 2023, 07:30:40 AM IST

Oil prices remained close to their highest level in two weeks as numerous companies opted to avoid the Red Sea following a surge in vessel attacks along this crucial shipping route. West Texas Intermediate (WTI) managed to stay above $72 a barrel after its settlement at the highest since December 4. Brent crude hovered around $78 a barrel.

Prices witnessed a notable surge of up to 4% on Monday after BP announced a suspension of all shipments through the waterway, while Equinor ASA stated its intention to redirect vessels away from the area. This heightened caution and diversion of shipping routes contributed to the upward momentum in oil prices.

VoM News Desk

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