Live News Update on Stock Market Closing Bell

The market ended in red as autos, oil and banks dragged. The Sensex is down 133.06 points at 28717.91 and the Nifty slips 50.65 points at 8661.05. About 877 shares have advanced, 1991 shares declined, and 224 shares are unchanged.

 HDFC, Sesa Sterlite, Infosys, ITC and TCS are top gainers in the Sensex. Among the losers are Tata Motors, BHEL, Tata Steel, Sun Pharma and HDFC Bank.
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Live Stock Market News Highlights

The session saw very high volatility in trades as at one point the Sensex and Nifty touched other all-time high levels. The 50-share Nifty for the first time touched 8,985 and the Sensex kissed 29,786.32.
 The broader markets also ended on a weak note. BSE mid-cap index closed weaker by 0.3 per cent and the small-cap index managed to close with marginal gains.
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Stock Market Closing Bell – Nifty ends at 8235, Sensex up 366 pts

The BSE Sensex rose more than 1.5 per cent on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank on value buying.

The market ended with some spectacular gains. The Sensex ended up 365.89 points or 1.4 percent at 27274.71 and the Nifty was up 132.50 points or 1.6 percent at 8234.60. About 2033 shares have advanced, 852 shares declined, and 411 shares were unchanged. For 2 Days Free Trial, please visit our site at http://www.capitalheight.com/ or Call at 0731-

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Free Live Stock Market Tips | Free Stock Market Updates and News

Shares of Amtek India and Amtek Auto rallied 14 percent and 9 percent respectively in intraday trade on Thursday. Investors are excited about both the stocks as Amtek India has entered into an agreement to acquire substantial business interests in Kuepper group of Germany, through its 100 per cent subsidiaries. 

Reports suggest that deal value is 200 million euros (around Rs 1680 crore). The deal may provide Amtek access to high-tech German machining technology and new product customers from Europe. It is likely to bring synergy with Amtek's core expertise in casting and forging operations and strengthens its market position. 

Kuepper is the market leader in machine casting industry , with big clients BMW, Daimler and Volkswagen. Kuepper has four manufacturing facilities across Germany and one in Hungary. The Kuepper group is engaged in the business of iron and aluminium casting and integrated machining having five manufacturing units across Germany and Hungary. 

At 10:46 hrs Amtek India was quoting at Rs 68.75, up Rs 6.75, or 10.89 percent while Amtek Auto was quoting at Rs 74.00, up Rs 5.45, or 7.95 percent on the BSE.

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Stock Market News and Tips for Today

Karnataka High Court –

Admits appeal against United Spirits (USL)-Diageo Deal –

Declares sale transaction by United Breweries Holdings (UBHL) to Diageo void

Alert: Appeal was filed by creditors of UBHL –

All amounts deposited by UBHL to court to remain till wind-up done

Alert: UBHL had deposited Rs 250 crore with Karnataka HC

Alert: Creditors who appealed include BNP Paribas, IAE, ATR

Alert: Creditors who appealed include Rolls-Royce and Partners Finance

UBHL-Diageo sources say :

-To move Supreme Court against Karnataka High Court decision

-Co-operating with Karnataka High Court on procedure.

Vijay Mallya to CNBC-TV18

-Will take necessary steps to protect interests of company, Diageo

Infosys

-V Balakrishnan to resign company effective December 31

-Alert: V Balakrishnan was head of Infosys BPO and chairman of Infosys Lodestone

-Inducts UB Pravin Rao as whole-time director

-Inducts Kiran Mazumdar-Shaw as independent member of board

Infosys says

-Kris Gopalakrishnan to head BPO business on interim basis

-BG Srinivas to takeover as Lodestone chairman

Financial Technologies on Forward Markets Commission (FMC)

-order: -Order drawn up by FMC in a hasty manner

-Bombay High Court will now hear the case on January 8

-Alert: Financial Technologies moved Bombay High Court versus FMC's order on 'fit & proper'

Financial Technologies counsel says

-Financial Technologies has only 1 nominee on MCX board

-MCX Board is controlled by FMC nominees

-Principles of natural justice have been violated

SEBI issues show cause notice to Financial Technologies: Sources

-SEBI issues show cause notice post FMC order on fit & proper

-Alert: FMC pronounced Financial Technologies and 3 directors not fit & proper

-SEBI asks Financial Technologies to reply by December 26

IOC hikes petrol price by Rs 0.41/litre (excluding VAT)

-Government hikes dealers' commission on diesel by Rs 97/kL to Rs 1,186/kl with immediate effect

-Diesel price hiked by about 10 paise per litre as government raises dealers' commission

Larsen and Toubro says:

-L&T IDPL seeks FIPB nod for FDI

-Talks with global institutional investors for stake acquisition in L&T IDPL on

-Contemplating initial infusion of Rs 1,000 crore into L&T IDPL

-2nd tranche infusion to also be Rs 1,000 crore in L&T IDPL

ICICI Bank announces new scheme on home loans, cuts rate by 15 bps: Source

 -Interest rate on home loans up to Rs 75 lakh to be 10.25 percent

-Interest rate on home loans above Rs 75 lakh to be 10.50 percent

-New home loan scheme will be available till January 31

Other stocks and sectors that are in news today:

- Axis Bank to replace Jindal Steel on S&P BSE Sensex today

- Wipro signs pact with Europe's telecom operator Tele2 AB

-Tyre companies in Focus: Import duty on natural rubber hiked to Rs 30/kg from Rs 20/kg

 -Finance ministry directs bank to recover 10 percent on bad loans by fiscal end

-Commerce ministry wants to curb royalty payments to MMC parents

- GSK Pharma open offer opens on February 7, closes on February 21

- GAIL sets Jan deadline for firms to lift US LNG: FE

-DTC, GST unlikely before 2016: BS -Hospira now under US FDA lens: BS



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