KEY HIGHLIGHTS
Gujarat Kidney IPO, Day 1: Check GMP, Price Band, Lot Size, Subscription And More
Gujarat Kidney and Super Speciality Ltd., a multi-speciality healthcare services provider, is set to launch its initial public offering (IPO) today. The mainboard IPO will open for subscription on Monday, December 22.
The latest GMP for Gujarat Kidney And Super Speciality IPO stood at Rs 7 per share as of December 22. The GMP indicates an estimated listing price of Rs 121, implying a premium of 6.14% over the upper limit of the IPO price band of Rs 114 per share.
Nifty, Sensex Live Today: Jupiter Wagons Shares In Focus
The shares of Jupiter Wagons rose as much as 11.24% to Rs 289.50 apiece on Monday, the highest level since Dec. 1. It pared gains to trade 10.72% higher at Rs 288.15 apiece, as of 10:02 a.m. This compares to a 0.65% advance in the NSE Nifty 50 Index.
It has risen 46.43% in the last 12 months.
GE Vernova T&D India Shares In Focus
The shares of GE Vernova T&D India rose 11% to hit nearly two-month high. This comes after the company wins contract from AESL Project for 2,500 MW terminal station.
The scrip rose as much as 11.10% to Rs 3,251.80 apiece on Monday, the highest level since Nov. 3. It pared gains to trade 7.57% higher at Rs 3,148.60 apiece, as of 9:57 a.m. This compares to a 0.61% advance in the NSE Nifty 50 Index.
Shriram Finance Share Live: Stock Rises Nearly 4%
The scrip rose as much as 3.86% to Rs 936.55 apiece on Monday, the highest level since its listing in 1997. It pared gains to trade 3.80% higher at Rs 936.30 apiece, as of 9:38 a.m. This compares to a 0.61% advance in the NSE Nifty 50 Index.
It has risen 62.50% in the last 12 months. Total traded volume so far in the day stood at 1.34 times its 30-day average. The relative strength index was at 50.40.
Out of 37 analysts tracking the company, 35 maintain a 'buy' rating, three recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target stands at Rs 938.25 indicating an upside of 2.2%.
Shriram Finance Share Live: Stock Hits Life High
The shares of Shriram Finance hit a life high on Monday. This comes after Japan’s Mitsubishi UFJ Financial Group (MUFG) said it will invest nearly Rs 40,000 crore or $4.5 billion for a 20% stake in Shriram Finance Ltd, marking the largest strategic investment by a foreign lender in India's non-banking financial company (NBFC) sector.
Infosys Share Price Live Update: Stock Hits Nine-Month High
Shares of Infosys Ltd. are buzzing on Monday's trade, which comes on the back of Friday's anomaly in the NYSE that saw the company's American Depositary Receipts (ADRs) spiking up to 40%.
The scrip rose as much as 3.33% to Rs 1,693.20 apiece on Monday, the highest level since March 10. It pared gains to trade 2.46% higher at Rs 1,638 apiece, as of 9:38 a.m. This compares to a 0.61% advance in the NSE Nifty 50 Index.
It has fallen 12.68% in the last 12 months. Total traded volume so far in the day stood at 8.95 times its 30-day average. The relative strength index was at 58.59.
Out of 51 analysts tracking the company, 37 maintain a 'buy' rating, 12 recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 5.4%.
Nifty 50 Live Today: All Sectors Turn Green
On NSE, all 15 sectors were in the green. Nifty Metal and Nifty Defence lead the gains.
Broader markets were also in the green, with the NSE Midcap 150 trading 0.64% higher and NSE Smallcap was trading 0.56% higher.
Nifty 50 Live Today: HDFC Bank, ICICI Bank Lead Gains
Mahindra & Mahindra and UltraTech Cement weighed on the Nifty 50 index.
HDFC Bank, ICICI Bank, Reliance Industries, Bharti Airtel and Shriram Finance added to the Nifty 50 index.
Stock Market Today: Nifty Opens Above 26,000, Sensex Gains Over 300 Points
The NSE Nifty 50 and BSE Sensex opened higher on Monday. The Nifty 50 opened 0.34% higher at 26,055.85 extending gains for the second day and Sensex opened 0.25% up at 85,145.90.
Stock Market Live Update: Nifty, Sensex Trade Higher Pre-Open
At pre-open, the NSE Nifty 50 was trading 89.45 points or 0.34% higher at 26,055.85. The BSE Sensex was up 0.33% or 276.93 points at 85,206.29.
INR Vs Dollar: Rupee Opens 24 Paise Stronger
Rupee opens 24 paise stronger at 89.41 against US Dollar. It closed at 89.65 on Friday.
Source: Bloomberg
Akums Drugs Share Price Update: Large Trade In Stock
Over 7.3 million shares of Akums Drugs were traded in pre-market trading on Monday.
Infosys Shares Live: Stock In Focus After 40% ADR Surge On NYSE
Infosys shares will be in focus heading into Monday's trading session after a bizarre session on the New York Stock Exchange on Friday that saw the company's American Depositary Receipts (ADRs) spiking up to 40% before triggering a halt.
The ADRs, which normally trade in a stable range, skyrocketed from previous close of roughly $19.17 to a 52-week high of $30 within minutes of the opening bell.
Read more here.
Metal Stocks To Be In Focus Today
Metal stocks will be in focus today after Silver and Gold hit fresh highs.
Commodity prices trends in past 1 month
Aluminum prices up 6%
Silver prices up 34%
Copper prices up 8.5%
Zinc prices up 2.80%
Bharat Forge To Glenmark Pharma: Top Buy Calls From Analysts Today
Rajesh Bhosale, Angel One picks Bharat Forge and Glenmark Pharma as top picks for the day, while Ajit Mishra, Religare Broking picks Manappuram Finance and Phoenix Mills.
Nifty, Sensex Live Today: India Vix At Record Low Level Today
India Vix is at a record low level this indicates that the World's largest Options market has become calm.
India VIX closes below 10 for the third session.
What Does VIX remaining below 10 means?
Lack of positions for options trade
Volumes, turnover drying up
Narrow range setup for short-term
May precedes larger move (either side)-for later
Ideally anything above 15 makes a good options market for trade
Nifty Today: Breakout Seen At 26,050
The Nifty 50 index hasn’t shown strong movement recently, forming an “Inside Bar” on the weekly chart, which signals indecision, according to analysts.
The blue-chip index faced resistance near the 20-day and 50-day moving averages even as it has crossed the 20-day average, according to Osho Krishan, technical and derivative research analyst at Angel One.
On the upside, a clear breakout above 26,050–26,100 could give bulls some relief and potentially lead the index toward its record zone of 26,300–26,325, Krishan said.
Nifty Today: What F&O Cues Indicate
Nifty December futures up by 0.6% to 26037 at a premium of 60 points.
Nifty December futures open interest down by 5.5%.
Nifty Options on Dec 23: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,900.
Dollar Check
The US Dollar index is up 0.01% at 98.255.
Euro was up 0.08% at 1.1719.
Pound was up 0.11% at 1.3394.
Yen was down 0.32% at 157.28.
Nifty 50, Sensex Live Today: Global Check
S&P 500 futures rose 0.2% as of 9:26 a.m. Tokyo time
Hang Seng futures rose 0.5%
Japan’s Topix rose 0.8%
Australia’s S&P/ASX 200 rose 0.7%
Euro Stoxx 50 futures fell 0.1%
Nifty 50, Sensex Live Today: Global Check
Asian stocks began the week on a firmer note, following Friday’s rally on Wall Street that reinforced optimism for a strong year-end for global markets.
MSCI Inc.’s Asia Pacific equity index climbed 0.5%, led by gains in technology shares. The benchmark had sealed a 1.9% weekly drop on Friday - its first decline in four weeks. US equity futures were also higher in early Asian trading on Monday.
Silver Live Updates: Devil's Metal Hits Record High
Silver rose to a record and gold pushed higher on worsening geopolitical tensions and expectations for more Federal Reserve rate cuts next year.
The white metal advanced as much as 0.6% to $67.5519 an ounce. In addition, spot gold surpasses October peak to set fresh record high.
Stock Market Live Updates: GIFT Nifty Indicates Positive Open
Good morning readers.
The GIFT Nifty was trading above 26,100 early on Monday indicating a positive start to the Christmas week. The futures contract based on the benchmark Nifty 50 rose 0.61% at 26,194.5 as of 7:09 a.m. indicating a positive start for the Indian markets.
In the previous session on Friday, the benchmark equity snapped its three-day fall to close in the positive. The NSE Nifty 50 ended 150.85 points or 0.58% higher at 25,966.40, while the BSE Sensex closed 447.55 points or 0.53% higher at 84,929.36.
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