Stock Market LIVE: Gopal Snacks' New Chhattisgarh Facility
The company signed a third-party manufacturing arrangement for new facility at Chhattisgarh to support servicing of trade partners, and enhance market reach.
Chhattisgarh platform has installed capacity of 2,240 MTPA.
Source: Exchange Filing
Stock Market LIVE: Ambit On AU SFB
Initiate Sell with target price of Rs 900
The good is already priced in
Margins: Improvement is certain but only at a gradual pace
Asset quality: Worst is already behind, but prefer to remain watchful
Cost-to-income matrix: Expect a gradual improvement
Playing to the strength: Focus remains on growing core secured assets
Stock Market LIVE: CCL Products Shares Rise
Shares of CCL Products rose as much as 3.2% to Rs 999 on Friday.
Stock Market LIVE: Nuvama On GAIL Zonal Tariffs
This simply adjusts tariffs in the individual zones to keep the integrated pipeline tariffs the same, hence there is no benefit or impact, says Nuvama.
Stock Market LIVE: HDFC Life In Focus
HDFC Life has 3.9 million shares traded in a block deal on Friday. Shares of the company are up 0.26% at Rs 777.20 apiece.
Stock Market LIVE: Asian Paints, Berger Paints In Focus
Kotak Securities Says:
Competitive intensity could remain elevated for another 12-18 months
Birla Opus continuing to gain market share
JSW-Akzo Nobel also expected to gain share in the next 2-3 years
Asian Paints and Berger likely to grow 100-150 bps below industry growth
Sustained Birla Opus-led aggression to delay meaningful margin recovery at least FY28
Stock Market LIVE: Rupee Hits New Record Low
The Indian rupee weakens below 90.56 against the US dollar. The downward pressure in rupee comes against the backdrop of Commerce Minister Piyush Goyal confirming that trade negotiations with the United States are going well.
Stock Market LIVE: Nifty, Sensex Open Higher
The Nifty 50 is trading 0.43% higher and the Sensex is trading 0.27% higher in minutes of market open.
Stock Market LIVE: Sona Selection Files IPO Papers
Sona Selection files draft papers for IPO. The IPO will include only a fresh issue of upto 1.4 crore shares.
Source: DRHP
Stock Market LIVE: Dr Reddy's To Achieve Zero Greenhouse Gas Emissions
Dr Reddy's is set to achieve net zero greenhouse gas emissions across value chain by FY45.
The company is set to:
Reduce absolute scope 1 & 2 greenhouse gas emissions by 80% by FY30
Reduce scope 3 emissions by 51.6% by FY30
Reduce absolute scope 1, 2 & 3 emissions by 90% by FY45
Alert: FY23 to be used as the base year.
Source: Exchange Filing
Stock Market LIVE: GMR Power To Consider Fundraise
GMR Power's board is set to meet on Dec. 17 to consider a Rs 1,200 crore fundraise.
Source: Exchange Filing
Stock Market LIVE: Gold, Silver Prices Trade Higher
Gold prices in India rose slightly to Rs 1,32,720, with silver also witnessing a slight uptick at Rs 1,98,980 on Friday, according to the India Bullion Association.
Stock Market LIVE: Commodity Check
Copper surged to a new record, along with most other industrial metals, following the Fed’s widely anticipated rate cut and its upgraded US growth outlook. Copper jumped as much as 3% to $11,906 a ton in London, surpassing Monday’s peak.
Gold held steady after three straight sessions of gains, buoyed by expectations of further US monetary easing. Silver hovered near a record high. Bullion was little changed at around $4,280 an ounce, after rising 1.2% in the previous session.
Oil rebounded from its lowest close in nearly two months, supported by optimism across financial markets. West Texas Intermediate approached $58 a barrel after a 1.5% drop in the prior session, while global benchmark Brent settled above $61.
Stocks To Watch Today: Suzlon Energy, Vedanta, IndiGo, Mamaearth
InterGlobe Aviation: The DGCA has asked CEO Pieter Elbers to appear before its officers committee on December 12. Petitioners Akhil Rana and Utkarsh Sharma have filed a writ petition before the Delhi High Court against the Ministry of Civil Aviation, DGCA, and the company in connection with operational disruptions leading to flight cancellations.
Suzlon Energy: The Mumbai tax authority has reduced the company’s tax demand from Rs 21.9 crore to nil.
Honasa Consumer: The company will acquire a 95% stake in BTM Ventures for an enterprise value of Rs 195 crore and plans to acquire the remaining 5% stake within 12 months after completing the initial acquisition; The company enters men's personal care category with acquisition of Reginald Men.
Vedanta: The company has emerged as the successful bidder for the Genjana block containing nickel, chromium, and PGE (Platinum Group Elements).
Stock Market LIVE: Gift Nifty Indicates Positive Open
The GIFT Nifty is trading marginally higher at 26,140, indicating a positive-bias open for the benchmark index.
The BSE Sensex closed 426.86 points or 0.51% higher at 84,818.13, and the Nifty 50 gained 140.55 points or 0.55% to settle at 25,898.55 on Thursday.
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