Stock Market Updates – 18/12/24

Sensex Today: Massive Trade Alert! 1.05 Million Nykaa Shares Exchanged 🚀

📊 Breaking Update:
A substantial 1.05 million shares of Nykaa (FSN E-Commerce) were traded today in a single block deal, according to Bloomberg. This high-volume trade has sparked fresh speculation about institutional activity in the stock, catching the attention of market watchers.

🔎 What This Means for Investors:

• Large block trades often indicate interest from institutional investors or insiders.
• Nykaa’s stock has been under close watch due to its volatile performance in recent months.
• Keep an eye on the stock price movement for potential opportunities.

👉 Quick Takeaway:
Such large trades can impact stock liquidity and price action, so investors should follow the market closely for further developments. Stay tuned for live updates!

💡 Pro Tip: Always check trading volumes and price patterns to make informed decisions.

Stock Market LIVE Updates: JSW Energy and LG Energy Solution Eye $1.5 Billion JV

🔋 Major Development in Energy Sector
JSW Energy is reportedly in advanced discussions with South Korea’s LG Energy Solution (LGES) to establish a joint venture for manufacturing batteries. The focus will be on supporting electric vehicles (EVs) and renewable energy storage solutions.

🌍 What’s on the Table?

• The proposed investment exceeds $1.5 billion.
• The JV aims to set up a 10-gigawatt-hour battery plant in India.
• Of the total production, 70% of the output is expected to be utilized by JSW for EVs and energy storage, while LGES will retain the remaining share.

💡 Why This Matters:

It positions both companies as key players in the evolving energy and EV ecosystem in India.

This JV aligns with India’s push for clean energy and EV adoption.

A domestic manufacturing facility could reduce reliance on imported batteries, potentially lowering costs.

Stock Market LIVE Updates: Supreme Facility Management Shares List Flat on NSE SME

📢 Market Debut Alert:
Shares of Supreme Facility Management made a quiet debut on the NSE SME platform today, listing at the issue price with no significant movement during the early trading hours.

📊 Key Details:

Listing Price: Flat at the issue price, reflecting cautious market sentiment.

Market Performance: The stock traded within a narrow range, indicating a lack of strong buying or selling pressure.
💡 What to Watch For:

Investor Sentiment: A flat listing suggests balanced demand and supply, with no immediate enthusiasm for the stock.
Future Performance: Investors may look for quarterly earnings and growth updates to gauge the company’s long-term potential.

📌 About Supreme Facility Management:
The company specializes in providing integrated facility management services, with a growing portfolio across sectors like commercial, industrial, and residential properties.

Stock Market LIVE Updates: Sell Orders Hit Snag Across Brokers Due to CDSL Issue

⚠️ Trading Disruption Alert
Leading brokerage firms Upstox and Zerodha have informed their clients about issues in processing sell orders, citing a technical glitch at CDSL (Central Depository Services Limited).

🛠️ What’s Happening?

Zerodha’s Update: “We are in touch with CDSL to resolve the issue at the earliest. Meanwhile, you can sell your holdings without requiring CDSL authorisation.”
Upstox’s Notice: Similar communication has been shared with its users, assuring swift action to address the disruption.
🔎 Impact on Traders:

The glitch primarily affects sell orders requiring TPIN authorisation via CDSL.
Temporary measures are in place to allow users to sell holdings without authorisation to avoid trading delays.
💡 What You Can Do:

Check your broker’s platform for specific instructions.
Ensure sell orders are placed using alternate methods suggested by your broker.
Stay updated for further announcements regarding the resolution.

Currency Check: Rupee Hits Record Low Against USD

📉 Breaking News:
The Indian rupee reached a fresh low against the US dollar today due to a strong demand for the latter, increased outflows by FIIs, and increased crude oil prices.

🔎 Main Drivers:
Stronger USD amid global market uncertainty.
FII outflows influencing market sentiment.
High oil prices have increased the imported cost.

📊 Impact:
The depreciation of the rupee may result in increased import expenses and inflation.

🔄 Active Stocks: HDFC Bank, Va Tech Wabag, Mazagon Dock, Reliance Industries.

Sensex tanks 590 points, currently at 80,038.

Nifty slips below 24,200, down 0.3%.

🔻 Top Losers: Tata Motors, PowerGrid, NTPC, JSW Steel.

🚨 Most sectors in the red, with pharma holding ground.

BSE Midcap & Smallcap indices down by 0.5%.