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Stock Market Today: Nifty, Sensex End The Choppy Session Higher As Infosys, RIL Lead

Stock Market Today: Nifty, Sensex End The Choppy Session Higher As Infosys, RIL Lead
The Nifty 50 and Sensex ended Monday's session higher as Infosys Ltd. and Reliance Industries Ltd. share prices led. (Photo source: Unsplash) 
1 year ago
The GIFT Nifty was trading above 24,300 in early trade on Monday. Cipla Ltd., Coal India Ltd., KEC International Ltd., and Rail Vikas Nigam Ltd. share prices are in focus. The GIFT Nifty was trading 0.12% or 28.50 points lower at 24,371.00 as of 6:51 a.m.

As of 3: 30 p.m., futures contract of Dow Jones traded 0.1% lower, while S&P 500 and Nasdaq 100 both lost 0.2%.

  • US: Final manufacturing PMI — 8:15 p.m.

  •  US: ISM Manufacturing PMI — 8:30 p.m.

  • US: ISM Manufacturing Prices — 8:30 p.m.US: Construction Spending — 8:30 p.m.

  • US: Federal Reserve Governor Christopher Waller will speak at  American Institute for Economic Research Monetary Conference, in Washington DC. — 1:45 a.m.

  • US: Federal Reserve Bank of New York President John Williams will speak at the Queens Chamber of Commerce, in New York —3:00 a.m.

Market breadth was skewed in the favour of buyers. As many as 2,509 advanced, 1,546 declined, and 182 remained unchanged on the BSE.

  • The NSE Nifty 50 and BSE Sensex extended gains for a second day.

  • The NSE Nifty Realty is the top performing sectoral index. It ended 1,051.20.

  • The NSE Nifty PSU Bank is the worst performing sectoral index. It ended 0.40% down at 6,800.40.

  • The NSE Nifty Midcap 150 ended 0.95% higher at 21,105.90.

  • The NSE Nifty Smallcap 250 ended 0.70% higher at 17,840.10.

Waaree Energies Ltd. has received orders for the supply of modules totaling up to 364 MWp and 160 MWp from Indian customers, according to an exchange filing.

  • Total production volume rose 14% to 1.68 lakh units compared to 1.48 lakh units

  • Total passenger production volume rose 14% to 1.65 lakh units compared to 1.45 lakh units

  • Source: Exchange Filing

Aimtron Electronics Ltd. has received an order worth $1.8 million in the artificial intelligence sector, according to an exchange filing.

The India rupee weakened by 21 paise to a fresh low of 84.70 against US Dollar. The local unit opened at 84.58 against US Dollar. It closed at 84.49 on Friday, according to data on Bloomberg.

Gujarat Gas has raised CNG prices by Rs 1.5 per kilogram and may need to implement further price hikes to maintain its margins. The price increase follows a reduction in the government's allocation of cheaper gas to companies. However, the company has stated that it has no plans at present to hike gas prices for industrial users, Informist reported.

Adani Ports and Special Economic Zone Ltd. handled 36 million metric tonnes of total cargo in November, driven by a 21% year-on-year growth in container volumes. For the year-to-date period ending November, APSEZ managed 293.7 MMT of cargo, marking a 7% YoY increase.

Read the full article here.

The IPO was subscribed 0.20 times, or 20%, as of 12:57 p.m. on Monday.

  • Qualified institutional buyers: Nil.

  • Non-institutional investors: 0.09 times, or 9%.

  • Retail investors: 0.36 times, or 36%.

  • Portion reserved for employees: Nil.

  • Portion reserved for shareholders: Nil.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Till when should you hold on to shares of JSW Energy Ltd., L&T Finance Ltd., and Dilip Buildcon Ltd.? How do analysts recommend trading September listed Gala Precision Engineering Ltd. and Bajaj Housing Finance Ltd.?

Get the answers here.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Rama Steel Tubes has incorporated a new subsidiary, ONIX IPP Private, to focus on renewable energy, the company said in an exchange filing.

HCLTech Ltd. has collaborated with Google Cloud to bring AI-driven Managed Detection and Response solutions to global enterprises, the company said in an exchange filing.

HUL Bets Big On Innovation And Premiumisation: Should You Buy The Stock?

Cochin Shipyard Share Price Hits Upper Circuit Limit On Defence Ministry Contract

  • Total Production rose 1.7% on the year to 67.2 million ton compared to 66 million ton

  • Total Sales rose 0.03% on the year to 63 million ton compared to 62.9 million ton

  • Source: Exchange Filing

Cipla Share Price Drops As 1.72% Equity Changes Hands

RBL Bank Share Price Hits 52-Week Low After Shutdown Of Co-Branded Credit Cards

Aster DM Healthcare Share Price Hits Seven-Month High On Quality Care India Merger Plan

Veranda Learning Solutions Ltd. is set to consider fundraising through equity or warrants in its board meeting scheduled for Dec 11, according to an exchange filing. The company will also review prospective acquisitions during the meeting.

SpiceJet Ltd. has been granted the rights to operate Haj flights from four Indian cities in 2025, according to a press release. The airline expects a revenue potential of Rs 185 crore from its Haj operations in 2025.

Adani Green Energy Share Price Continues Rally, Soars Over 9%

Dixon Technologies Share Price Hits Record High As Unit Signs Contract To Make Google Pixel

Greaves Electric Mobility, the electric vehicle unit of Greaves Cotton Ltd., has approved the plan for an initial public offering. The IPO will consist of a fresh issue of shares as well as an offer for sale component. The exact size of the IPO has not been disclosed, the company said in an exchange filing.

The yield on the 10-year bond declined 2 bps to 6.72%. It closed at 6.74% on Friday, according to data on Bloomberg.

Marker breadth was even split between buyers and sellers. Around 1,581 stocks advanced, 1,514 stocks declined, and 167 stocks remained largely unchanged.

At pre–open, the NSE Nifty 50 was 0.04% higher at 24,410.85, and the BSE Sensex was 0.07% down at 79,743.87.

Rupee weakened by 10 paise to a fresh low of 84.59 against US Dollar. The local unit opened at 84.58 against US Dollar. It closed at 84.49 on Friday, according to data on Bloomberg.

Donald Trump Warns Against A BRICS Currency As Alternative To US Dollar

Gold Prices Today Cross Rs 77,000 Mark, Global Rates See Marginal Fall

Crude oil prices rose in Monday's Asia session after the demand outlook brightened for the commodity on hopes of economic recovery in China, th second largest oil consumer country in the world.

Data showed factory activity expanded in China for second month in November, Reuters reported.

Moreover, geopolitical tension in the West Asia rose again as both the Israel and Lebanon accused each other of violating the ceasefire agreement.

As of 08:11 a.m., the brent crude's January contract was 0.61% higher at $72.27 a barrel.

  • Retain 'Sell' with a target price Rs 780, which implied a 1% downside.

  • Global Auto cos including premium brands face downside earnings risk in CY25

  • Downside risk led by geopolitical tensions, weak demand environment

  • German Carmakers indicate further margin compression in CY25

  • Don't see Chinese EV penetration risk in Europe and USA

  • Global light vehicle production forecasted at 2% fall in CY24, 1% rise in CY25

  • JLR's H225 guidance quite contrary to other car makers

  • JLR's all EV strategy is a risky strategy given setbacks to Porsche and Volvo

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

  • Rates Neutral with a target price of Rs. 2,775, which implied a 11% upside.

  • Expects HUL’s earnings growth to lag gowth as compare to peers

  • HUL’s slower growth on account of:

  • Rise in competition in beauty care

    Health food drinks segment initiatives around distribution and low price points yet to revive

Asian Stocks Echo Wall Street Gains, EM Forex In Focus After Trump's BRICS Warning

US stocks ended higher in a short Black Friday session as technology stocks rose.The Dow Jones Industrial Average and S&P 500 ended 0.42% and 0.52% higher, respectively. The Nasdaq Composite ended 0.52% higher.

Nifty, Sensex Rally Nearly 3% During Two Consecutive Weeks Of Gain: Market Wrap

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