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The NSE Nifty 50 ended 0.53% higher at 25,894.55, and the BSE Sensex closed 0.49% up at 84,805.65.
Benchmarks slightly underperform broader market indices
Nifty Auto and Pharma gain over 1% for the day
Nifty Auto emerges as top gaining sector for the day
Samvardhan Motherson and Sona BLW gain the most in Nifty Auto
Dixon Technologies and Vodafone Idea are the top gainers in Nifty Midcap 150
SW Solar and Natco Pharma are the top gainers in Nifty Smallcap 250
All sectoral Indices gain in trade barring Nifty Media
Nifty Auto snaps 3-day losing streak
The NSE Nifty 50 ended 0.53% higher at 25,894.55, and the BSE Sensex closed 0.49% up at 84,805.65.
Benchmarks slightly underperform broader market indices
Nifty Auto and Pharma gain over 1% for the day
Nifty Auto emerges as top gaining sector for the day
Samvardhan Motherson and Sona BLW gain the most in Nifty Auto
Dixon Technologies and Vodafone Idea are the top gainers in Nifty Midcap 150
SW Solar and Natco Pharma are the top gainers in Nifty Smallcap 250
All sectoral Indices gain in trade barring Nifty Media
Nifty Auto snaps 3-day losing streak
As boAt's IPO process gathers momentum, a series of troubling disclosures surfaced, not from regulators, not from competitors, but from boAt’s own statutory auditors.
Click here to read the whole story.
Chalet Hotels board appoints Shwetank Singh as the MD & CEO effective Feb. 1, 2026. The company is set to acquire resort property in Udaipur for Rs 171 crore.
Source: Exchange Filing
Promoter Havell’s Pvt. Ltd.’s name changes to HPL Holdings
Promoter Havells Electronics’ name changes to HPL Electronics
Source: Exchange Filing
Petronet LNG gets Rs 6.7 crore demand order from Delhi Tax authority for on alleged excess claim of input tax credit in FY21-22.
Source: Exchange Filing
IndiGo on Thursday announced travel vouchers worth Rs 10,000 to severely impacted customers between Dec. 3-5.
Check detail here.
Rupee has hit fresh record low of 90.44 against the US dollar.
GK Energy gets Rs 367 crore order to supply 13,239 off-grid solar Photovoltaic Water Pumping System in Maharashtra.
Source: Exchange Filing
India's Production Linked Incentive is not offering enough cutting-edge to the country's capital-intensive industries and is actually leaving labour-intensive sectors struggling to compete against China, according to Trinh Nguyen, Senior Economist at Natixis.
Read the whole story by clicking the link below.
JPMorgan is set to open its first new branch in India in nearly a decade.
Source: Bloomberg
On Dec. 10:
IndiGo's OTP was 84.4%
IndiGo was the best airline in terms of OTP on 10th December
IndiGo's OTP on 9th December - 87.3%
IndiGo's OTP on 8th December - 85%
Source: MoCA
On Dec. 10:
IndiGo's OTP was 84.4%
IndiGo was the best airline in terms of OTP on 10th December
IndiGo's OTP on 9th December - 87.3%
IndiGo's OTP on 8th December - 85%
Source: MoCA
The 2000 dot-com bubble, and the 2008 market crash altered global markets and economies. During those times, a few economists and market watchers had warned of the tsunami that was about to hit. Those murmurs are back and this time the AI bubble may make things worse still.
But should you really be concerned?
Read the whole story to know more.
Air India Enters new interline partnership With Scoot
This will boost connectivity to over 60 destinations across Asia & Australia
Air India guests will get access to Scoot’s network with over 70 destinations across 18 countries in these regions
Alert: Scoot is Singapore Airline's subsidiary, which is a low cost carrier
Alert: Singapore Airlines holds 25.1% stake in Air India
Source: Press Release
Nifty gains over 200 points from days low
All sectors trading in Green
Nifty Auto, Reality & Pharma lead the gain
Nifty Auto & Pharma up almost 1%
Gains in Nifty Auto led by Sona BLW & Samvardhana Motherson
Microsoft chairman and CEO Satya Nadella has recently praised Swiggy, commending the food delivery company for its innovative use of Microsoft's AI data analytics platform, Microsoft Fabric.
Read the whole story to know more.
Shakti Pumps to supply 16,025 water pumping systems worth Rs 444 crore to MSEDC.
Source: Exchange Filing
IIFL Finance is set to raise Rs 100 crore via NCDs.
Source: Exchange Filing
After a period of underperformance against global peers, the Indian stock market could be primed for upside, according to Jefferies, thanks to multiple tailwinds.
Read the whole story here to know more.
Shares of DCM Shriram rose as much as 9% to Rs 1,319.80 apiece.
The company signed a MoU with Bayer Crop Science to jointly explore opportunities that strengthen India’s agriculture ecosystem through innovation, sustainability, and farmer-centric solutions, according to its notification to the exchanges.
MF Industry – (November vs October)
Net inflow at Rs 32,755 crore versus Rs 2.16 lakh crore in October.
Net AUM at Rs 80.8 lakh crore versus Rs 79.88 lakh crore in October.
Equity Category Flows (November vs October)
Active equity funds see inflows of Rs 29,911 crore versus Rs 24,690 crore.
Mid-cap funds see inflows of Rs 4,487 crore versus Rs 3,807 crore.
Small-cap funds see inflows of Rs 4,407 crore versus Rs 3,476 crore.
Large-cap funds see inflows of Rs 1,640 crore versus Rs 972 crore.
Flexi-cap funds see inflows of Rs 8,135 crore versus Rs 8,929 crore.
Sectoral/thematic funds see inflows of Rs 1,865 crore versus Rs 1,366 crore.
Nearly 1.5 million shares of Tata Power have exchanged hands in a block trade on Thursday. The company's stock is trading 0.43% higher at Rs 381.50 apiece, as of 10:34 a.m.
The company signs strategic MoU with Sanghvi Movers for indigenously manufactured heavy cranes.
Source: Exchange Filing
CEA Nageswaran:
Most India-US trade issues have been sorted out
Will be surprised if no India-US trade deal by March
Source: Bloomberg TV
Initiate on Astral with Buy with target price of Rs 1,800
Initiate on Supreme with Sell with target price of Rs 2,950
Plastic pipes dynamics deteriorating over the past 18 months
Astral and Supreme stock down 25% and 34% over the past year
Believing the sector’s growth is now normalizing
Industry growth is unlikely to revert to the exceptional growth seen over FY22-24
Prefer Astral over Supreme given Astral’s backward integration into CPVC
Astral's growth from new geographies, and better growth prospects for its non-pipes business are other key positives
After facing a massive drawdown in trade on Wednesday, the shares of Kaynes Tech have rallied in trade on Thursday, even amid corporate governance and questionable accounting practices highlighted by Kotak Institutional Equities last week.
Click the story below to know more.
Minutes into open, the NSE Nifty 50 was trading 0.09% higher at 25,780.70, and the Sensex was up 72.85 points at 84,476.39.
Minutes into open, the NSE Nifty 50 was trading 0.09% higher at 25,780.70, and the Sensex was up 72.85 points at 84,476.39.
Rupee opened largely unchanged at 89.98 against US Dollar
It closed at 89.97 a dollar on Wednesday
Source: Bloomberg
Glenmark Pharma US to launch Leucovorin Calcium for injection, to start distribution in December.
Source: Exchange Filing
Maintains 'neutral' rating with a target price of Rs 1,525
Demand has been stable through the course of FY26
Manufacturing has weathered the storm better than expected
Top end of the guidance is unchanged as that was always factoring in stability in the environment
Q3 & Q4 will be weaker than 1H due to usual seasonality
Discretionary demand is stable, BFSI seeing some pick up
New account additions on back of AI and engagement has started happening
Margin levers still stay relevant in mid to longer term, aspiration to improve margins
On track to do 20k fresher hiring this year (vs 15k last year)
Deal pipeline remains strong; company doesn’t break out outlook for smaller deals separately
Market analysts and brokerages shared their top stock recommendations for the upcoming trading session, offering a mix of buy and sell calls across the banking, automotive, and commodities sectors.
Top picks included Hindustan Zinc Ltd., PB Fintech Ltd. (Policybazaar), and Ashok Leyland Ltd., while HDFC Bank Ltd. appeared on the sell list.
Click the link below to read the entire story.
After falling in trade on Wednesday on the back of a target price cut from Kotak Securities, Kaynes Technology has received a price cut from yet another renowned brokerage firm in Nomura.
Read the story to know the revised target price.
KSH International has set a price band of Rs 365-384 for its IPO, opening Dec. 16.
Gold prices in India were trading lower at Rs 1,29,320 and silver traded flat at Rs 1,87,710 on Thursday, according to the India Bullion Association. Moreover, silver in the spot market gained to trade at $62.62.
Cipla: The company has launched Tirzepatide for the treatment of obesity and Type-2 diabetes.
Mazagon Dock: The company has entered a pact with the Indian Navy and Brazilian Navy for sharing information on maintenance of Scorpène-class submarines.
LIC: The company gets a GST demand order of Rs 2,370 crore from Mumbai tax body.
Meesho: The company further invests Rs 2,890 crore in its subsidiary Meesho Technologies through a rights issue to strengthen operations and fuel growth.
InterGlobe Aviation: IndiGo revises third quarter of fiscal year 2026 guidance after operational disruptions; capacity growth now expected in high single to early double digits. Passenger unit revenues to see mid-single digit moderation, impact on fourth quarter of fiscal year 2026 and the guidance for financial year 2026 to be shared later.
The GIFT Nifty is trading marginally lower at 25,961, indicating a flat to negative open for the benchmark index. Market participants will react to the 25 basis-points rate cut by the US Federal Reserve policy meeting in today's trading session.
The Nifty declined 82 points, or 0.32%, to close at 25,758, whereas the BSE Sensex shed 275 points to settle at 84,391.27 on Wednesday.
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