Stock Market Live Updates 19 December 2023: Asian shares hold as eyes turn to Japan’s central bank

tock Market today| Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 19 December 2023.

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  • December 19, 2023 07:16

    Commodities Market Live Updates: India’s lentils output may rise on higher yield, says trade

    The production of masur (lentils) will likely increase this crop year (July 2023-June 2024) with favourable weather supporting the crop despite the acreage trailing marginally till mid-December compared with the year-ago period.

    The India Pulse and Grains Association (IPGA), in its latest market update, said the forthcoming domestic masur crop is projected to have higher yields due to favourable weather conditions in Madhya Pradesh and Uttar Pradesh, the key producing States. The upcoming crop period of December-January is crucial for plant growth and the yield potential hinges on the soil moisture availability. “If nothing goes wrong on the weather front, we should have a crop of 16.5-17 lakh tonnes, higher than last year’s 15.5 lakh tonnes,” said Bimal Kothari, Chairman, IPGA.

  • December 19, 2023 07:13

    Stock Market Live Updates: Net direct tax collection surges 21% to ₹13.70-lakh crore during April-Dec

    The Income Tax Department on Monday reported that net direct tax collection had surged 21 per cent to over ₹13.70-lakh crore during April 1 to December 17 period as against ₹11.36-lakh crore mobilised during the corresponding period of the previous fiscal.

    It also said that the sum of three instalments of advance tax recorded a growth of around 20 per cent during the current fiscal.

  • December 19, 2023 07:13

    Stocks to Watch: Sun Pharma to buy 16% stake of Lyndra Therapeutics for ₹249 crore

    The acquisition is a strategic investment to support the development of innovative pharmaceutical delivery technologies and get access to the technology for certain molecules and territories

  • December 19, 2023 07:11

    Stock Market Live Updates: Day trading guide for December 19, 2023: Intraday supports, resistances for Nifty50 stocks

    Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

  • December 19, 2023 07:11

    Stock Market Live Updates: Stock to buy today: IDBI Bank (₹70.20) – BUY

    The short-term outlook is bullish for IDBI Bank. The stock has begun the week on a strong note by rising 4.7 per cent on Monday. This rise has taken the share price well above the key resistance level of ₹68. The region between ₹69 and ₹67 willact as a strong support zone.

  • December 19, 2023 07:10

    Stock Market Live Updates: Wall Street ends higher, extending rate-cut rally

    U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data. 

    A broad but modest rally boosted the S&P 500 and the Nasdaq to solid gains, while the Dow ended essentially flat.

    The Dow Jones Industrial Average held steady at 37,306.02, the S&P 500 gained 21.37 points, or 0.45%, to 4,740.56 and the Nasdaq Composite added 90.89 points, or 0.61%, to 14,904.81.

    Mounting attacks by militant groups on ships in the Red Sea sent crude prices higher over supply concerns, which in turn boosted energy stocks, which have largely been left behind by the recent rally.

    S&P 500 energy stocks added 0.8%. — Reuters

  • December 19, 2023 07:04

    Stock Market Live Updates: Asian shares steady as investors await BoJ decision on monetary policy

    Early on Tuesday, Asian shares and the yen stabilized, shifting attention to Japan’s central bank and its potential departure from an ultra-easy monetary policy, while global stocks remained optimistic about impending U.S. rate cuts.

    Japan’s Nikkei 225 index traded marginally up by 0.03% at 32,771.25, while the broader Topix index declined by 0.33% to 2,309.27. South Korea’s KOSPI also traded down by 0.03% at 2,565.94, and Australia’s S&P/ASX 200 rose by 0.57% at 7,468.40.

    The Bank of Japan (BoJ) is set to conclude its policy meeting today, expected to maintain its loose monetary policy despite mounting speculation about potentially ending its negative interest rate policy by January, analysts noted.

    In the U.S., the Dow Jones Industrial Average held steady, the S&P 500 rose by 0.45%, and the Nasdaq Composite added 0.61%.

    Rising attacks on ships in the Red Sea elevated crude prices due to concerns over supply disruptions.

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