Stock Market Today: All You Need To Know Going Into Trade On Dec 11

Indian equities ended lower for the third consecutive session on Wednesday, with benchmark indices giving up early gains as traders booked profits ahead of the FOMC's policy outcome later in the day. 

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.

Broader market witnessed sharper declines with Nifty Midcap100 and Smallcap100 falling by 1.1% and 0.9% respectively. Amongst sectors, IT and financial service indices were the top losers, declining over 0.8% each. Meanwhile, the metal stocks gained 0.5% amid rising prices of precious metals.

• Tata Steel: The board has approved the acquisition of a 50% stake in Thriveni Pellets for Rs 636 crore and signed an MoU with Lloyd Metals & Energy to explore opportunities in iron-ore mining and logistics.

• LIC: The company gets a GST demand order of Rs 2,370 crore from Mumbai tax body.

• Adani Enterprises: The company’s Rs 25,000 crore rights issue saw 108% oversubscription and public portion oversubscribed 130%.

• Petronet LNG: The company signs a pact to borrow a secured rupee term loan of Rs 12,000 crore from a consortium of SBI and Bank of Baroda.

• Ashoka Buildcon: The company’s JV has received a Letter of Acceptance worth Rs 1,816 crore from BMC for the Mithi River Development & Pollution Control Project.

• Lloyds Metals: The company’s arm will acquire a 50% stake in Nexus Holdco FZCO for $55 million.

• DCM Shriram: The company has signed an MoU with Bayer Crop Science to explore opportunities in India’s agriculture ecosystem and work towards agri innovation, sustainability, and farmer-centric solutions. The company has fixed December 19 as the record date to ascertain eligible shareholders who will be issued 1 share each in DSFCL (DCM Shriram Fine Chemicals) and DSIL (DCM Shriram International).

• Mazagon Dock: The company has entered a pact with the Indian Navy and Brazilian Navy for sharing information on maintenance of Scorpène-class submarines.

• Meesho: The company further invests Rs 2,890 crore in its subsidiary Meesho Technologies through a rights issue to strengthen operations and fuel growth.

• NALCO: The company awards a Rs 5,032 crore order to Dilip Buildcon for development and operations at Pottangi Bauxite Mines

• Chambal Fertilisers: The company has received an order for the withdrawal of 11 products in Haryana.

• SBI Life Insurance: The Securities Appellate Tribunal has upheld IRDAI's order to transfer Sahara India Life's assets and liabilities to the company.

• Tata Chemicals: The company plans to raise Rs 1,500 crore through Non-Convertible Debentures (NCDs).

• TCS: The company has signed an agreement to acquire 100% stake in Coastal Cloud for an enterprise value of $700 million.

• InterGlobe Aviation: IndiGo revised Q3 FY26 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 Q4 FY26 and FY26 guidance to be shared later

• Park Medi World: The public issue was subscribed 52% on day 1. The bids were led by non-institutional investors (66%), retail investors (61%) and institutional buyers (27%).

• Nephrocare Health Services: The public issue was subscribed 12% on day 1. The bids by NIIs were 9% and retail 2%.

• Wakefit Innovations: The public issue was subscribed 2.52 times on day 3. The bids were led by retail (3.17 times), QIB (3.04 times), NII (1.05 times).

• Corona Remedies: The public issue was subscribed 137 times on day 3.The bids were led by QIB (278.52 times), NII (208.88 times) and retail (28.73 times).

• Adani Green Energy: TotalEnergies Renewables sold 2.86 crore shares (1.74% stake) at Rs 970 per share on NSE, amounting to Rs 2,778.09 crore. Multiple investors, including Amity Holdings, Parshva Trading, Cohesion MK Best Ideas Sub-Trust, and Quant Mutual Fund, purchased stakes ranging from 0.016% to 0.75% at the same price.

• ICICI Bank: PI Opportunities AIF V LLP bought 10.94 lakh shares at Rs 1,361 per share, amounting to Rs 148.91 crore, while Azim Premji Trust sold an equal quantity of 10.94 lakh shares for Rs 148.91 crore.

• List of securities shortlisted in Short Term ASM Framework: Auri Grow, Pranik Logistics, Neelam Linens.

• List of securities shortlisted in Long - Term ASM Framework: Kaynes Technology, Kesoram.

• Nifty Dec futures is down 0.41% to Rs 25863 at a premium of 105 points

• Nifty Dec futures open interest up by 2%

• Nifty Options Dec Expiry: Maximum Call open interest at 2600 and Maximum Put open interest at 25500.  

• Securities in Ban period: Bandhan Bank, Sammaan Capital.           

The Indian Rupee registered a decline as market participants awaited the Federal Reserve's policy outcomes. The local currency closed around 9 paise weaker at 89.97 against US Dollar.

The yield on the 10-year government bond closed five basis points higher at 6.65%.