Sensex Today | Share Market Live Updates: India's benchmark indexes opened higher but soon gave up gains to trade in the red.
At 3pm, Sensex was down 11.90 points at 66,913.81, while Nifty fell 38 points to 20,118.60.
Asian markets ticked higher Thursday, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.
Bond bulls again latched onto comments from Fed officials, juicing a rally in November that has placed a gauge of global sovereign and corporate debt on track for the best month since 2008.
The rise in bonds followed a ramping up of expectations the Fed will cut rates quicker than previously expected. Swaps pricing now reflects market forecasts that the central bank will cut by 25 basis points in May, bringing forward prior expectations for a June cut.
Elsewhere, Japan industrial production in October was stronger than expected, while retail sales for the month fell short of estimates. South Korea’s central bank will hand down a monetary policy decision. Later Thursday, inflation and unemployment data for the Eurozone will be released, as will US jobless claims and the PCE deflator.
Sensex Today Live: Railways to invite global firms to manufacture hydrogen trains
India proposes to invite expression of interest from global players to manufacture hydrogen-powered trains in the country based on technology being developed indigenously.
Indian Railways is developing a prototype of a train that will be powered by hydrogen fuel cells–making for a more environment-friendly locomotive than traditional diesel-powered ones.
A call for expressions of interest will be made next year once the prototype of the emissions-free train is developed, likely by March
Sensex Today Live: Tata Power arm to install 12 EV charging stations across Kanpur
Tata Power subsidiary Tata Power EV Charging Solutions and Kanpur Municipal Corporation have partnered to install 12 electric vehicle (EV) charging stations across six strategic locations in Kanpur.
The Uttar Pradesh government aims to set up EV charging stations across various municipal cities, including Agra, Lucknow, Kanpur, and Prayagraj, with an additional 100 at heritage sites and around 200 at popular tourist destinations like Mathura-Vrindavan and Varanasi-Ayodhya.
Sensex Today Live: Sterlite Power wins 8 GW green energy transmission project in Rajasthan
Sterlite Power on Thursday said it has secured a transmission project, which will aid evacuation of 8 GW renewable energy to Rajasthan, Haryana and Uttar Pradesh.
The company has secured the order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project, a company statement said.
Sterlite Power will be building this project on a BOOT (Build, Own, Operate, Transfer) basis, for a period of 35 years. The project was bid out through tariff-based competitive bidding (TBCB) process.
Sensex Today Live: Param Desai, research analyst, Prabhudas Lilladher, on Aster DM Healthcare
At current market price, adjusted for GCC stake the India business is trading at 19x and 15x EV/EBITDA on FY25E and FY26E respectively which is at 15-30% discount to listed peers. We maintain ‘Buy’ rating with revised TP of Rs.430 (earlier Rs. 345) valuing India hospital segment at 20x (18x earlier) EV/EBITDA on Sept 2025E EBITDA. Timely closure of GCC divestment and utilization of proceeds will be key monitorable in near term.
Sensex Today Live: European shares rise on miners, energy boost ahead of key inflation readings
European shares rose on Thursday, led by miners and energy stocks, as investors geared up for key inflation prints out of the United States and euro zone to back expectations global interest rates have peaked, Reuters reported.
The pan-European STOXX 600 was up 0.1%, eyeing its biggest monthly gain since January.
Miners gained 0.4% tracking higher copper prices, while energy stocks rose 0.9% as oil prices climbed ahead of an OPEC meeting.
