Stock Market LIVE Updates: Bharat Coking Coal IPO Retail Portion Fully Subscribed

The Indian stock market is witnessing a tumultuous period, with the Nifty 50 index trading around 25,900, showing a change of around 20 points. The Nifty Bank index is experiencing a more significant downturn, dropping over 200 points and falling below the 60,000 mark. The market's volatility is being driven by several factors, including geopolitical risks and the anticipation of the US Supreme Court's verdict on Trump tariffs, which is expected later today.

Having declined for all four trading sessions of the week so far, the Nifty 50 index enters Friday's trade at the lower end of the range it has been stuck in for the last two months. The 25,800 mark becomes crucial for the index, as it has not closed below that level since December 10. The lowest close it has had during this period is 25,815, on December 18. The index continues to be dragged down by its heavyweights, Reliance Industries (RIL) and HDFC Bank.

Geopolitical risks continue to dominate the market sentiment. Investors are also keeping a close eye on the US Supreme Court verdict on Trump tariffs, which is expected later this evening. Additionally, the December jobs report from the United States will be a key focus. Earnings season in India is set to begin in full force from Monday, but stocks like IREDA and Tejas Networks are reporting their Q3 results today.

Real estate stocks have taken a hit, with Keystone's pre-sales declining 3% year-over-year in Q3. This decline reflects the ongoing challenges in the real estate sector, which has been grappling with various issues such as liquidity constraints and a slowdown in demand. The sector's performance will be closely monitored in the coming days to gauge its impact on the broader market.

The IPO of Bharat Coking Coal has been a highlight, with the retail portion of the offering fully subscribed in just 20 minutes. This rapid subscription indicates strong investor interest in the company, which is a significant player in the coal sector. The IPO's success could provide a positive signal for the market, especially in the current volatile environment.

Exporters and metals, which saw sharp declines on Thursday, will also be in focus. The market is waiting to see how these sectors perform, given the recent fluctuations in global commodity prices and exchange rates. The APTEL hearing on the market coupling case for IEX will also be closely watched, as it could have implications for the power trading sector.

In summary, the Indian stock market is navigating a period of high volatility, with several key events and economic indicators set to influence investor sentiment. The performance of key sectors and the outcome of important events will be crucial in determining the market's direction in the coming days.

Bharat Coking Coal is a leading coal mining company in India, known for its high-quality coking coal. The company plays a vital role in the country's energy and industrial sectors. The successful subscription of its IPO retail portion is a positive sign for the company and the broader market. Investors and analysts will be closely monitoring the company's performance and its impact on the coal sector.

For the latest updates and insights, stay tuned to the market news. The next few days will be crucial as the market reacts to various economic and geopolitical developments.