Stock Market LIVE: Sensex Moves 300 Pts Up, Nifty Follows As Adani Enterprises Jumps 7.5%

The government of India is in favour of the potential ceasefire between and Israel Lebanon “We welcome he ceasefire between Israel and Lebanon that has been announced.” the statement said.

Japanese two-wheeler maker Honda Motorcycle & Scooter on Wednesday unveiled two electric scooters, 'ACTIVA e:' and 'QC1' here, marking the company's entry in the fast-growing domestic electric two-wheeler market.

Bookings for the latest offerings will commence from January 1 next year while the deliveries will start from February, Honda Motorcycle &Scooter India Ltd (HMSI) said without revealing the vehicles' prices.

State-owned NBCC Ltd on Wednesday said it has bagged a Rs 316 crore contract to upgrade school hostels in Odisha.

In a regulatory filing, NBCC said it has been "awarded the work of Upgradation of Primary School Hostel (PSH) Under State Sector Scheme at various locations in the state of Odisha amounting Rs 316 crore (approx.)".

Global real estate consultant Knight Frank on Wednesday said its India CMD Shishir Baijal will take on the additional responsibility of Non-Exec Chair of the Asia Pacific Region from April next year. "As one of Knight Frank's most senior leaders and a member of the Group Executive Board, Shishir will add the broader Asia Pacific responsibility to his current role of Chairman and Managing Director of Knight Frank India," the consultant said in a statement, PTI reported.
 

The shares of Gautam Adani-led Adani Enterprises jumped as much as 7.5 per cent on Wednesday after the company's renewable energy arm Adani Green denies all bribery charges against company directors. 

Shares were mixed in Asia on Wednesday after US stocks rose to records despite President-elect Donald Trump's latest talk about tariffs, which caused only ripples on Wall Street. Tokyo's Nikkei index fell nearly 1 per cent, to 38,081.10 as the Japanese yen surged in value against the US dollar. The dollar fell to 152.31 yen from 153.08 yen. It had traded above 155 yen recently, but uncertainty over the future course of US trade policy has led investors to buy yen as a safe haven, analysts said, AP reported.
 

Shares of all Adani Group firms were trading in the green during the morning trade on Wednesday, with Adani Energy climbing nearly 8 per cent, bouncing back from previous day's fall. The stock of Adani Energy Solutions soared 7.71 per cent, Adani Power surged 5.96 per cent, Adani Total Gas rallied 4.70 per cent, Adani Green Energy jumped 4.34 per cent and Adani Enterprises climbed 4.15 per cent on the BSE, PTI reported
 

SBI Funds Management Limited, a joint venture between State Bank of India and Amundi, Europe's largest asset manager, on Wednesday announced the appointment of Nand Kishore as Managing Director and Chief Executive Officer, a release stated. Nand Kishore, Deputy Managing Director of State Bank of India, takes over as the Managing Director and Chief Executive Officer of SBI Funds Management Limited from Shamsher Singh, ANI.
 

The rupee fell sharply by 15 paise against the US dollar to 83.44 in early trade on Wednesday amid muted trends in the domestic equity markets.

However, a decline in the dollar index and a marginal fall in the Brent crude index prevented further losses in the domestic unit, according to experts.
 

Senior advocate and Rajya Sabha MP Mahesh Jethmalani has dismissed allegations against the Adani Group stemming from a recent US Department of Justice indictment, asserting that there is no basis for investigation in India.  

Amid the flat move in the market on Wednesday, the shares of controversy-ridden Adani Enterprises gained 2.13 after Adani Green clarified that none of its directors were named the US FMCA violations. 

The share of the company was trading Rs 2,196.30 as of 09:35 am. 

The NSE's Nifty 50 opened flat on Wednesday and moved into the red zone in the initial trading minutes as key BFSI shares including IndusInd Bank, Axis Bank, and SBI Life were among the top laggards. 

The index was led by Adani Enterprises which gained 2.13 per cent in the early trade.

Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.

Hyundai Motor 005380.KS will buy back 1 trillion won ($715.79 million) worth of shares starting on Thursday over three months, the company said in a regulatory filing on Wednesday.

US President-elect Donald Trump on Tuesday chose trade lawyer Jamieson Greer as his new US trade representative, elevating a key veteran of his first-term trade war against China to execute a sweeping tariff agenda that promises to upend global trade.

The fast-moving consumer goods company Dabur Limited has received a Rs 350 crore tax notice from the Additional Commissioner, CGST Commissionerate, Chandigarh. 

“This is further to our previous communication dated October 17, 2023. The Company has received an Order on November 25, 2024, from Additional Commissioner, CGST Commissionerate, Chandigarh, confirming a total demand of Rs. 3,20,60,53,070…” the company reported in an exchange filing. 

Prime Minister Narendra Modi participated in the Constitution Day program at the Supreme Court and gave a futuristic perspective on India, “Today the goal of every citizen was to build a Viksit Bharat”, ANI reported


 

Stock markets are set for a tepid start on Wednesday morning after a flat end on Tuesday. Key stocks such as Wipro, UltraTech Cement, NTPC Energy, and Devyani International are set to remain under investors' watch in today's trading session. On the other hand, the US markets ended higher, continuing their gains after Trump's trade tariff promises. 

Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group agreed to avoid giving much guidance from here on about how US monetary policy is likely to evolve.

Wall Street stocks, led by S&P 500 and the Nasdaq, ended higher on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve.