Axis Bank Share Live Updates: Stock Down 4%
Axis Bank shares fell over 4% on Tuesday pulling down the Nifty index. The shares declined after management sees margin recovery delay.
Banks says NIMs will now bottom either in the fourth quarter or the first quarter in the previous year versus earlier guidance of third quarter.
The management now forecasts a shallow, ‘C’-shaped NIM trajectory towards a targeted 3.8% over next 15-18 months, bank told Citi Research.
Stock Market Live: Shakti Pump Shares Extend Gains
Shares of Shakti Pumps Ltd. are buzzing in trade on Tuesday’s session, extending a sharp rally that has seen the stock rise up to 35% in the last few days.
The stock is currently trading at Rs 782, which accounts for gains of more than 4%. This compares to Monday’s closing price of Rs 752.
Stock Market Live: Capping Commission For Insurance Agents? Regulator Likely To Tighten The Rules
The proposed Insurance Bill 2025 will empower Insurance Regulatory and Development Authority to cap agent commissions through regulations and also tightening oversight on payouts and disclosures, NDTV Profit learnt through sources.
Read more here.
Stock Market Live: MTNL Shares In Focus
MTNL shares rose nearly 4% on Tuesday after the company sold Mumbai residential property to NABARD for Rs 350.7 crore.
SEPC Shares Live: Stock Rises 7% On Order Win
SEPC shares rise nearly 7% on Tuesday after it received Rs 270 crore purchase order from Vishnu Prakash for Railway Infra Project.
Stock Market Live: Nifty Realty Falls Most
On NSE, 12 of the 15 sectors were in the red. Nifty Realty fell the most while Nifty FMCG was the best performing sector during open.
Broader markets were also in the red, with the NSE Midcap 150 trading 0.51% lower and NSE Smallcap was trading 0.62% lower.
Nifty Live: Eternal, Axis Bank, RIL Drag
Eternal, Axis Bank, Reliance Industries, ICICI Bank and L&T weighed on the Nifty 50 index.
Bharti Airtel, M&M, Asian Paints, Apollo Hospitals and Tata Consumers added to the Nifty 50 index.
Stock Market Live: Nifty Near 25,900, Sensex Falls Over 300 Points
The NSE Nifty 50 and BSE Sensex opened lower on Tuesday. The Nifty 50 opened 0.29% lower at 25,951.50 extending decline for the second day and Sensex opened 0.22% down at 85,025.61.
Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open
At pre-open, the NSE Nifty 50 was trading 75.80 points or 0.29% lower at 25,951.50. The BSE Sensex was down 0.23% or 192.33 points at 85,021.03.
Rupee Vs Dollar Today: Indian Currency Opens At Record Low
Rupee opened at record low of 90.82 against US Dollar. It closed at 90.73 on Monday.
Source: Bloomberg
Silver Overtakes Oil In Rare Price Inversion
Silver prices have surged past oil for the first time since the early 1980s, marking a rare and historic inversion in global commodity markets. One ounce of silver now trades nearly at $64, overtaking WTI crude oil at $60 per barrel. The shift is striking compared with mid-2022, when crude was 5.5 times more expensive than silver.
PNB Housing Finance Shares In Focus
ICICI Securities has upgraded PNB Housing Finance to ‘Add’ from ‘Hold’, citing valuation comfort and the appointment of a new managing director and chief executive officer as a key positive trigger. The brokerage has retained its target price of Rs 970, implying an upside of about 5% from the current market price of Rs 922.
Oil Holds Near Lowest Since 2021
Oil held near the lowest level since 2021 as traders weighed the outlook for a ceasefire in Ukraine, which could pave the way for fewer curbs on Russian crude flows into an already oversupplied market.
West Texas Intermediate traded near $57 a barrel after closing at the lowest in more than four years on Monday. Brent settled below $61. US President Donald Trump said a deal to end Russia’s war in Ukraine is closer than ever following talks with Ukraine’s Volodymyr Zelenskiy and European leaders.
Nifty Today: What F&O Cues Indicate
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Nifty December futures down to 26,103 at a premium of 76 points.
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Nifty December futures open interest down by 2.6%.
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Nifty Options on Dec 16: Maximum Call open interest at 26,200 and Maximum Put open interest at 25,900.
Stock Market News Live: Global Check
Investors treaded cautiously in the markets, awaiting crucial US economic data that could provide insight into the future direction of interest rates. As a result, stocks edged lower, with the MSCI Asia Pacific Index declining 0.6%. The dollar lingered near two-month lows, while the yen gained strength. Japanese shares also fell, dropping nearly 1%.
Japan’s Topix fell 0.8% while Hong Kong’s Hang Seng fell 0.3%. The Japanese yen was little changed at 155.08 per dollar while the offshore yuan was little changed at 7.0434 per dollar, reports Bloomberg.
The last full trading week of 2025 started with stocks, bonds and the dollar wavering as Wall Street geared up for key economic data that will help shape the Federal Reserve rate outlook.
On the eve of the jobs report, the S&P 500 closed mildly lower. A renewed tech slide saw Broadcom Inc. posting its worst three-day plunge since 2020. Oracle Corp. extended its multi-session selloff to about 17%. The S&P 500 closed below 6,820. The yield on 10-year Treasuries was little changed at 4.18%, reports Bloomberg.
Dollar Check
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The US Dollar index is down 0.04% at 98.91.
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Euro was down 0.01% at 1.1754.
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Pound was down 0.04% at 1.3368.
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Yen was down 0.25% at 154.85.
Stock Market Live: GIFT Nifty Indicates Lower Open
Good morning readers.
The GIFT Nifty was trading above 26,000 early on Tuesday. The futures contract based on the benchmark Nifty 50 fell 0.23% at 26,030 as of 7:18 a.m. indicating a lower start for the Indian markets.
In the previous session on Friday, the benchmark equity snapped their two-day winning streak. The NSE Nifty 50 ended 19.65 points or 0.08% lower at 26,027.30, while the BSE Sensex closed 54.30 points or 0.06% higher at 85,213.36.
. Read more on Markets by NDTV Profit.