Stock Market Today: All You Need To Know Going Into Trade On Dec. 3

Asia–Pacific markets gained on Tuesday, taking cues from overnight moves on Wall Street. The Nasdaq Composite and S&P 500 rose to fresh highs before the addresses by Federal Reserve officials, including Chair Jerome Powell.

The Nikkei 225 and Kospi were trading 1.27% and 1.16% higher, respectively. The S&P ASX 200 was up 0.68% as of 06:36 a.m.

On Monday, the S&P 500 and Nasdaq Composite ended 0.24% and 0.97% higher, respectively. The Dow Jones Industrial Average ended 0.29% down.

Brent crude was trading flat at $71.83 a barrel as of 06:28 a.m. Gold future contract was trading 0.20% higher at $2,664.70 an ounce.

The GIFT Nifty was trading 0.05% or 11 points higher at 24,430.50 as of 06:39 a.m.

The NSE Nifty 50 and BSE Sensex extended gains to the second session on Monday as Reliance Industries Ltd. and Infosys Ltd. share prices led. The benchmark indices recovered at the later part of the session.

The Nifty 50 ended 144.95 points or 0.60% higher at 24,276.05, and the Sensex closed 445.29 points or 0.56% up at 80,248.08.

Overseas investors remained net sellers of Indian equities for the third consecutive session on Monday, while domestic institutional investors stayed net buyers for the fourth straight session.

Foreign portfolio investors offloaded stocks worth Rs 238.3 crore and the DIIs bought shares worth Rs 3,588.7 crore, according to provisional data by the National Stock Exchange.

• Bajaj Finserv: The company has ended co-branded card partnership with DBS Bank India. The move comes as the non-bank lender seeks to end co-branded partnerships for credit cards.

• Torrent Power: The board approved the opening of QIP to raise up to Rs 5,000 crore to pare debt at a floor price of Rs 1,555.75 apiece. The company may, at its discretion, offer a discount of not more than 5% on the floor price calculated for the issue.

• Hindustan Unilever: The company has made payment of Rs 193 crore on tax demand order. It has updated the tax dispute relating to the GSK deal.

• Mazagon Dock Shipbuilders: The company has fixed Dec. 27 as the record date for the purpose of determining the eligibility of shareholders for the split of existing one equity share into two.

• Solar Industries: The company and its subsidiary have received export orders worth Rs 2,039 crore for supply of defence products, to be delivered over a period of 4 years.

• Pricol, TVS Motor: The company to acquire the plastic component division of TVS Motor arm Sundaram auto components for Rs 215 crore and to make an investment up to Rs 120 crore in Pricol Precision Products in one or more tranches.

• Godavari Biorefineries: The company secured exclusive licence pact with Catalyxx for biobutanol and higher alcohols. The company will set up a 15,000-tonne-per-year facility in the first phase.

• Protean e-Gov Technologies: The company received a work order worth Rs 161 crore from Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

• KPI Green Energy: The company received the largest-ever order for setting up of 300 MWAC ground mounted solar PV plant, including operation and maintenance services on a comprehensive basis for a period of five years from Coal India. The contract price for the project is Rs 1,311 crore.

• Indoco Remedies: The company announced strategic collaboration between the company and Clarity Pharma, UK to launch around 20 products over the next 18 months through Clarity Pharma, its distributor in the UK.

• Nazara Technologies: The company announced five investments totalling Rs 196 crore to drive growth across gaming and entertainment. The company will invest Rs 148 crore in existing arms including Sportskeeda, Nodwin Gaming and Datawrkz.

• Godrej Properties: The company closes QIP, sets the issue price at Rs 2,595 per share. The issue price indicates a 4.86% discount to the floor price.

• HCL Technologies: The company completed acquisition of certain assets of Communications Technology Group from Hewlett Packard Enterprise.

• MOIL: In November, manganese ore production reached a record of 1.63 lakh tonnes, while sales of grade unlocked manganese ore grew by 32% year-on-year, totaling 1.33 lakh tonnes. The company has also surpassed a turnover of Rs 1,000 crore within the first eight months of FY25.

• Solar Industries: The company and its subsidiary have received export orders worth Rs 2,039 crore for supply of defence products, to be delivered over a period of four years.

• E2E Networks: The company entered arrangements with L&T for capacity expansion for its data centre facilities. It has an existing capacity of 4200 KW, and the proposed capacity addition is 6,000 KW.

• Coal India: The company executed a memorandum of understanding in Mumbai to explore setting up of coal to synthetic natural gas project at WCL through surface coal gasification.

• Pearl Global Industries: The company will acquire an additional 20% stake from minority shareholders in PT Pinnacle Apparels for $2.5 million, increasing its holding to 69.9% through its arm, DSSP Global.

• Suraksha Diagnostic: The public issue has been subscribed to 0.25 times till day two. The bids led by retail investors (0.45 times), followed by non-institutional investors (0.13 times).

• Cipla: Samina Hamied and Rumana Hamied, who are part of the promoter group sold 1.72% stake in the company for Rs 2,110 crore. Buyers include Government of Singapore (0.29%), DSP Mutual Fund (0.27%), Norges Bank (0.26%), among others.

• Home First Finance: Promoters True North Fund V LLP (5.4%) and Aether Mauritius (3.6%), along with public shareholder Warburg Pincus (10.59%), cumulatively offloaded stake worth Rs 1,728 crore. Buyers include HDFC Mutual Fund (3.34%), Norges Bank (2.85%), and an investment vehicle of Citigroup (1.24%), among others.

• NCL Industries: Promoter GT Sandeep sold 25,000 shares between Nov. 26 and 28.

• Salasar Techno Engineering: Promoter Alok Kumar sold 12.39 lakh shares, promoter Shikhar Fabtech sold 14.55 lakh shares between Nov. 26 and 28 and promoter Alok Kumar HUF sold 2 lakh shares on Nov. 28.

• Price Band revised 20% to 10%: Ashapura Minechem.

• Ex/record bonus issue: Wipro (1:1).

• Moved into short term ASM: Godavari Biorefineries, Sagility India, Man Infraconstruction.

• Moved out short term ASM: Indraprastha Gas, J.G.Chemicals.

• Ceigall India: To meet investors and analysts on Dec. 5.

• Suven Pharma: To meet investors and analysts on Dec. 5.

• Popular Vehicles and Services: To meet investors and analysts on Dec. 5.

• RBL Bank: To meet investors and analysts on Dec. 6.

• Escorts Kubota: To meet investors and analysts on Dec. 12.

• Zomato: To meet investors and analysts on Dec. 5.

• Nifty November futures up by 0.51% to 24,429 at a premium of 153 points.

• Nifty November futures open interest up by 3.7%.

• Nifty Options December 5 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 23,000. 

• Securities in ban period: RBL Bank.

The Indian rupee weakened to end at a record closing low against the US dollar following Donald Trump's threat to impose a 100% tariff on the BRICS countries if they don't continue using the dollar. Slowing economic growth also weighed on the domestic currency.

The domestic unit depreciated 21 paise to trade at a record closing low of 84.70, after opening flat at 84.59 against the US dollar, according to Bloomberg data.