Closing Bell: Sensex, Nifty close marginally higher in volatile session, snap 4-day losses

Sensex, Nifty close marginally higher

Sensex, Nifty closed marginally higher on December 4 amid volatility. Sensex closed 158.51 points or 0.19 percent higher at 85,265.32, and the Nifty ended 47.75 points or 0.18 percent higher at 26,033.75. About 1,716 shares advanced, 2,237 shares declined, and 166 shares were unchanged.

Nifty indices performance in late afternoon

Smallcap stocks that hit 52-week high today

Most active mid-cap stocks today

Rupee recovers 52 paise from day's low to 89.92 against US dollar

Rupee recovered to 89.92 against US Dollar on December 4 after falling as low as 90.42 earlier in the day.

Markets fall further

Sensex falls 450 points from day's high amid volatility, Nifty gives up 26,000. At 1:50 pm, the Sensex was down 44.60 points or 0.05 percent at 85,062.21, and the Nifty was down 7.30 points or 0.03 percent at 25,978.70. About 1,601 shares advanced, 2,094 shares declined, and 151 shares unchanged.

TCS stock at 3-month high on reports IT firm may partner with OpenAI

Shares of Tata Consultancy Services rose over 2% to a three-month high of Rs 3,250 apiece on December 4 on media reports the company is in advanced talks with OpenAI to build artificial intelligence compute infrastructure in India and co-develop agentic AI solutions for enterprises. OpenAI is negotiating an agreement with TCS to lease at least 500 megawatts of data centre capacity from the Indian company's new data centre arm HyperVault to train and run its AI models locally, according to a report by The Economics Times. This will be the second major partnership between an Indian company and global AI players after the Google-Reliance collaboration earlier this year.

Biocon drops on plan to increase stake in biosimilars unit

Shares of Biocon fell 5.3% to Rs 388 apiece, hitting their lowest in three weeks, as pharma company to consider investment in Biocon Biologics via purchase of shares from existing shareholders for cash or through issuance of shares of company.

Systematix Institutional Equities analyst Vishal Manchanda said that to buyout minority interest in Biocon Biologics, Biocon may have to raise Rs 10,000 crore-Rs 15,000 crore, which would mean meaningful dilution for shareholders of the company.

Defence shares gain ahead of Putin's visit

Shares of most defence companies rose on rising expectations of a defence pact between India and Russia as Russian President Vladimir Putin visits India to attend the 23rd India-Russia Annual Summit. Some of the major domestic defence players are expected to benefit from any such defence pact between the countries. At 1:05 pm, the Nifty India Defence was up 0.5% at 7,853 points, with 12 of its 18 constituents trading with gains.

Unimech Aerospace and Manufacturing and Bharat Dynamics led the gains among sectoral players, up 2-4.5%, while Astra Microwave Products and Dynamatic Technologies were the worst hit.

Hexaware Tech opens new centre in Cairo

Hexaware Technologies Ltd on December 4 said it has opened a new delivery centre in Cairo, Egypt, with a staff of 100 professionals. With the new centre, Hexaware Technologies will serve customers in Egypt, West Asia and key European markets, the company said in an exchange filing.

The delivery centre will support Hexaware Technologies' artificial intelligence-led, human-intelligence-perfected delivery model, combining automation, analytics, and generative artificial intelligence with skilled teams, it stated in the filing, adding that the company is also engaging with local universities to build a steady pipeline of talent for future growth.

BSE 500 stocks that touched 52-week low today

Positive break-out stocks today

Recovery of midcap stocks

Markets see partial profit booking

Equity benchmarks fell significantly from day's high on December 4.

At 11:44 am, the Sensex was up 136.38 points or 0.16 percent at 85,243.19, and the Nifty was up 40.45 points or 0.16 percent at 26,026.45. About 1,818 shares advanced, 1,715 shares declined, and 154 shares unchanged.

Top Nifty 50 gainers

IndusInd Bank denies reports of being in discussions for strategic partnership

IndusInd Bank on Thursday denied reports of being in discussions for a strategic partnership with Hinduja Group.

"There is no discussion of this nature underway with anyone in the bank," the bank said.

Hindustan Copper rises 6%

Hindustan Copper rises 6% as LME copper prices hover near record high levels.

Ambit Capital initiates coverage on Smartworks Coworking Spaces

Ambit Capital initiated coverage on Smartworks Coworking Spaces with 'buy' with price target of Rs 590, implying upside of 30% to last close.

Brokerage says Smartworks pivoted from providing traditional co-working spaces to managed workspace solutions, an industry that has grown at nearly 47% CAGR since 2018, adding enterprise clients contribute to about 90% of co's revenue, show high rates of retention.

LIC Housing Finance: ICICI Pru MF buys additional stake

ICICI Prudential MF buys additional 0.24% stake in LIC Housing Finance on December 2. ICICI Pru MF’s stake in company rises to 5.22% from 4.98%.

Fitch raises India FY26 growth forecast

Ratings agency Fitch on Thursday raised India FY26 growth forecast to 7.4% from 6.9% earlier. It expects India's GDP growth to slow to 6.4% in FY27.

Aegis Vopak Terminals board OKs raising up to Rs 1,030 crore via NCDs

Aegis Vopak Terminals Ltd. Thursday said its board has approved a proposal to raise up to Rs 1,030 crore through the issuance of non-convertible debentures on a private placement basis. The non-convertible debentures are proposed to be listed on National Stock Exchange, according to an exchange filing.

Advance-Decline ratio in favour of bulls

Pine Labs rises 2.5% on reporting profit for second consecutive quarter

Pine Labs stock rises as much as 2.62% to Rs 254.06 apiece as fintech platform reports Q2 profit after tax of Rs 6 crore vs year-ago loss of Rs 32 crore.

Revenue from operations rises 18% YoY as number of transactions jump 44% YoY.

Company says deliberate shift away from hardware-included deals to asset-lite software deals, where it earns software and platform revenues and hardware costs covered by consumers, lifted growth.

Emkay says capex-light software deals are margin-accretive but have lower absolute revenue per deployment. digital infrastructure and transaction processing (DITP) segment's revenue was dragged by the shift, added Emkay.

IndiGo extends slump amid flight cancellations

IndiGo shares drop as much as 3.4% on December 3 as stock set for fifth straight session of losses, falling 6.5% during period.

73 IndiGo flights cancelled in Bengaluru, 33 in Delhi and 68 in Hyderabad on Thursday. At least 150 flights were cancelled and dozens of others delayed on Wednesday, leaving thousands of travellers stranded.

Best Agrolife rises nearly 7% after stock split, bonus issue approval

Shares of Best Agrolife Ltd rise as much as 6.7% to Rs 415 apiece as agrochemicals maker approves sub-division of one share into ten, issue of bonus shares in ratio of 1:2.

Petronet LNG rises over 3% on ONGC deal

Petronet enters into 15-years ethane unloading, storage and handling services deal with Oil and Natural Gas Corp with revenue potential of about Rs 5,000 crore.

NIFTY Midcap 100 Recovery from Day's Low

Sensex Today | M&M overseas arm divestment update

Mahindra Overseas Investment (Mauritius) sells part of its stake in CIE Auto (Spain) for Rs 1,250 cr.

NIFTY Smallcap 100 Stocks at 52-week Low

NIFTY Midcap 100 Stocks at 52-week Low

NIFTY NEXT 50 Stocks at 52-week high

NIFTY 50 Stocks at 52-week high

TeamLease - Press Release pertaining to changes in Composition of the Board of Directors

Sensex Today | Nifty Index Contributors

Sensex Today | Nifty 50 Advance/Decline (Intra-day)

Sensex Today | Nifty 500 Advance-Decline (Intra-Day)

Sensex Today | Sensex, Nifty turn green

At 09:30 am, the BSE Sensex was up 32.81 points or 0.04 percent at 85,139.62, and the NSE Nifty was up 9.70 points or 0.04 percent at 25,995.70. About 1253 shares advanced, 1505 shares declined, and 158 shares unchanged.

Foreign flows turn mixed: heavy outflows in FMCG and IT offset by strong inflows into telecom and oil & gas....Read More

Deepak Agrawal of Kotak Mahindra AMC expects the RBI to revise its FY26 GDP growth forecast above 6.8 percent....Read More

Bank Nifty and FinNifty have historically been dominated by HDFC Bank and ICICI Bank, which will see their weightage in the indices reduce going ahead. ...Read More

Opening Bell | Sensex slips below 85,000, Nifty marginally down

BSE Sensex slipped below 85,000 on Thursday, and was trading at 84,990.8 in the early session, down 0.14% or 116.01 points. NSE Nifty 50 fell 37 points at 25,949.

The rupee continued to slide and 22 paise down on December 4 to stay well above the 90-mark on persistent equity outflows and uncertainty around the India-US trade deal. Read More

Sensex Today | Sensex, Nifty drag in pre-open

BSE Sensex settled at 84,987.56 in pre-open session, falling 0.18% or 150.71 points. NSE Nifty 50 was flat-to-negative at 25,981.85.

Sensex Today | Rupee Hits Record Low

Rupee opens at a record low of 90.41 against US dollar, extending yesterday's weakness

Analysts estimate that the rebalancing could trigger trades worth Rs 16,300 crore. Heavyweights such as Maruti Suzuki, Eicher Motors, SBI and Hindalco may each see passive inflows of nearly Rs 600 crore, ...Read More

If the Nifty 50 convincingly falls and sustains below 20 DEMA and 20 SMA, bears may gain strength and drag it toward 25,840 (last Wednesday's low). In case of a rebound, 26,070 and 26,150 are the levels to watch, according to experts who advised caution....Read More

Stocks to Watch, 4 December: Stocks like Pine Labs, JK Cement, Rail Vikas Nigam, RailTel Corporation of India, Mukka Proteins, Pace Digitek, Petronet LNG, Nectar Lifesciences, Indian Energy Exchange, and InterGlobe Aviation will be in focus on December 4....Read More