Today: 20 March 2026
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NSE:AMBUJACEM 22 December 2025 - 23 December 2025

India Stock Market Today (23 December 2025): Sensex, Nifty End Flat as IT Cools Off; Rupee Pressures and Year-End Stock Picks Take Centre Stage

India Stock Market Today (23 December 2025): Sensex, Nifty End Flat as IT Cools Off; Rupee Pressures and Year-End Stock Picks Take Centre Stage

The BSE Sensex slipped 0.07% to 85,508.78 and the NSE Nifty 50 edged down 0.02% to 26,168.10 on Tuesday, as IT stocks fell and year-end trading volumes stayed muted. Ambuja Cements gained on merger news, while Sanghvi Movers and Antony Waste moved on order wins. Traders watched rupee weakness and corporate actions, including KSH International’s discounted debut.
UltraTech Cement Hit With ₹782.2 Crore GST Demand Notice; ‘Buy’ Calls Hold as UltraTech and Adani Cement Lead India’s Next Capacity Wave

UltraTech Cement Hit With ₹782.2 Crore GST Demand Notice; ‘Buy’ Calls Hold as UltraTech and Adani Cement Lead India’s Next Capacity Wave

UltraTech Cement disclosed a ₹782.2 crore GST demand notice tied to alleged short payment and improper Input Tax Credit use from FY2018-19 to FY2022-23. The company said it will contest the order. Shares traded near ₹11,540 on December 17, down about 9% over three months. The demand adds regulatory pressure as the sector faces cost and capacity changes.

Stock Market Today

  • ARMOUR Residential REIT's Series C Preferred Stock Yield Surpasses 8.5%
    March 20, 2026, 3:26 PM EDT. ARMOUR Residential REIT Inc.'s 7.00% Series C Cumulative Redeemable Preferred Stock (ARR.PRC) traded yielding above 8.5% on Friday, reflecting its monthly dividend annualized at $1.75. Shares hit a low of $20.37, marking a 17.60% discount to liquidation preference, wider than the sector average of 15.38% in the Real Estate preferred stock category. This compares to an average yield of 8.16% in the category, indicating ARMOUR's shares offer a relatively higher income return. On the day, ARR.PRC slipped 0.7%, while the common shares (ARR) fell 6.2%. Preferred stocks offer fixed dividends and liquidation preference over common stock, attracting income-focused investors. The performance follows ARMOUR's consistent dividend payments on this preferred issue, underscoring its appeal amid market volatility.
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