Stock Market Today: All You Need To Know Going Into Trade On Dec. 30

Most share indices in Asia-Pacific markets were trading lower Monday, tracking Friday's losses on Wall Street after technology companies' stocks declined.

The Nikkei 225 and S&P ASX 200 were trading 0.71% and 0.51% down, respectively. The Kospi was 0.92% higher as of 7:14 a.m.

On Friday, the Dow Jones Industrial Average and S&P 500 were 0.77% and 1.11% down, respectively. The Nasdaq Composite was 1.49% down.

Brent was 0.01% higher at $74.18 a barrel as of 7:05 a.m. The Bloomberg spot gold was 0.17% higher at $2,625.96 an ounce.

The GIFT Nifty was trading 0.03% or 7 points higher at 23,978.00 as of 7:02 a.m.

The NSE Nifty 50 and BSE Sensex ended Friday's session higher recouping weekly losses. The Nifty 50 ended with gains for second day in a row. The benchmark indices recouped weekly losses. The Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the Sensex ended 226.59 points or 0.29% higher at 78,699.07.

Overseas investors stayed net sellers for the ninth consecutive session and offloaded stocks worth Rs 1,323.29 crore on Friday, while domestic institutional investors stayed net buyers for the eighth straight session and bought stocks worth approximately Rs 2,544.64 crore, according to provisional data from the National Stock Exchange.

The Indian rupee weakened sharply on Friday, hitting a fresh record closing low of 85.54 against the US dollar.

• Hero MotoCorp: The company extended its partnership with Harley-Davidson Motor to expand the Harley-Davidson X440 into new variants and to develop a new motorcycle.

• JSW Energy: The company’s arm JSW Neo Energy acquired a 4,696 MW renewable energy platform from O2 Power Midco Holdings and O2 Energy SG for Rs 12,468 crore.

• Max Financial: Axis Max Life decided to discontinue the operations of Max Life PFM as a pension fund manager.  The decision is taken by Axis Bank, as the bank is already an established pension fund manager.

• SJVN: The company appointed Sanjay Kumar as chief financial officer effective Jan. 1.

• CAMS: Pullakurthi Srinivasa Reddy resigns as CTO.

• Reliance Infrastructure: Axis Bank and IDFC First Bank invoke arm's right of substitution for Maharashtra Road project.

• IOL Chemicals and Pharmaceuticals:  The board approved the subdivision of each share into five.

• Prestige Estates: The company signed a business transfer agreement to transfer the hospitality undertaking to its arm, Prestige Hospitality Ventures, for Rs 313 crore.

• Utkarsh small finance Bank: The bank approved the sale of NPA and written-off loans worth Rs 355 crore at a reserve price of Rs 52 crore to the asset reconstruction company.

• NAVA: The board has fixed Jan. 20 as record date for stock split.

• Zydus Lifesciences: The company and Sterling Biotech have mutually agreed to extend the deadline for the purchase of the API business of Sterling Biotech from December to March next year.

• Newgen Software Technologies: The company executed an agreement with Aye Finance for a loan origination solution for Rs 24 crore.

• Zota Healthcare: The company received product registration licenses for Zotamet-1000 (antidiabetic) and CDTEL-40 in Kyrgyzstan.

• Ola Electric: Anshul Khandelwal resigned from the post of chief marketing officer and Suvonil Chatterjee resigned from the post of chief technology and product officer.

• Nazara Technology: The company has completed investment of Rs 63.9 crore into Nodwin by way of subscription of 3,454 optionally convertible preference shares.

• Deep Industries: The company will raise Rs 350 crore through issuance of equity shares via qualified institutional placement.

• Vodafone Idea: The Department of Telecommunications has waived the requirement for telecom operators to provide Financial Bank Guarantees for spectrum purchased in auctions. This waiver is subject to specific terms and conditions.

• Mahindra and Mahindra: The arm incorporated Ultrogen Hybren as wholly owned subsidiary. Ultrogen Hybren to carry out Rooftop Solar Installation business.

• IL&FS Engineering and Construction Company: The company received project worth Rs 302.82 crore from Ceigall India for Bhubaneswar Metro Phase-I

• Sai Silks (Kalamandir): The company opened its 66^th store at Adyar, Chennai, Tamilnadu on Dec. 29.

• Alkyl Amines Chemicals: The company informed that a residue tank in Derivatives plant ruptured resulting in serious burn injuries to the attending officer. There could be a temporary disruption in the operations of the affected plant. The company is assessing the damage and will file an insurance claim, with assets adequately insured.

• Gujarat Fluorochemicals: The company reported an incident at its CMS-1 plant where four individuals were affected and could not be saved. The operations of the said plant were temporarily disrupted. The assets of the company are adequately covered under the Insurance Policy.

• Greenply Industries: The company's arm has resumed manufacturing operations at MDF Plant in Gujarat.

• Bikaji Foods International: The MCA has approved incorporation of Bikaji Bakes Pvt., as an arm of the company.

• Suprajit Engineering: The company has incorporated Suprajit Chuhatsu Control Systems, a subsidiary of the company for the business of manufacturing and trading of control cables, transmission cables, and associated mechanisms, for automotive industry in India and export markets.

• Sula Vineyards: The company has received a tax order of Rs 4.01 crore from Office of the commissioner of CGST and Central Excise, Nashik. The order alleges that the GST on restaurant services should by 18% instead of 5% tax paid. It imposes an additional tax liability of 13%. The company however, does not agree with the order and will file an appeal against it.

• Shakti Pumps: The company will consider raising funds through QIP on Jan. 7.

• Aerpace Industries: The renewable energy initiative of the company has received an order worth Rs 97.5 crore for supply of tech smart solar panels.

• Algoquant Fintech: The company has fixed Jan. 8 as the record date to issue bonus shares.

• Adani Green Energy: The company has incorporated an wholly-owned subsidiary named Adani Green Energy Sixty Eight Ltd. In addition its step-down subsidiary has has commissioned a 62.4 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. While Adani Green Energy Twenty Four A Ltd. has commissioned a 112.5 MW solar power project at Khavda, Gujarat

• Gujarat Alkalies and Chemicals: The company has entered into a pact with Aditya Birla Renewable and Aditya Birla Renewables SPV 4 to avail renewable power by setting up 62. 7 MW renewable hybrid power project for 100% captive power consumption.

• Vodafone Idea: HSBC has released pledge on 1,572 crore shares of the company or 22.56% equity.

• Reliance Industries: The company's arm Reliance Strategic Business has acquired shares worth Rs 10 crore in Karinos Health. In addition, the company also acquired optionally fully convertibel debentures worth Rs 365 crore in Karkinos Health.

• Coforge: The company has signed a merger pact with Cigniti Tech.

• Reliance Power: The company's unit will avail the rupee term loan facility to the extent of Rs 3,760 crore in one or more tranches, from Power Finance Corporation Ltd.

• Zydus Wellness: The company's arm Zydus Wellness Products has received GST demand worth Rs 56.33 crore from Surat GST authority.

• Mahindra & Mahindra: In an inspection by Chennai Tax authority, the GST officials gave some observations on certain compliance issues and have advised the company to submit necessary documents for reconciliation.

• Carraro India: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 704. The Rs 1,250-crore IPO was subscribed 1.12 times on the final day. The bids were led by qualified institutional investors (2.21 times), non-institutional investors (0.6 times), and retail investors (0.71 times).

• Senores Pharmaceuticals: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 391. The Rs 582.11-crore IPO was subscribed 93.41 times on the final day. The bids were led by non-institutional investors (96.11 times), qualified institutional investors (94.66 times), and retail investors (89.23 times), with a portion reserved for employees (19.92 times).

• Ventive Hospitality: The company's shares will debut on the stock exchange on Monday at an issue price of Rs 643. The Rs 1,600-crore IPO was subscribed 9.8 times on the final day. The bids were led by non-institutional investors (13.85 times), qualified institutional investors (9.08 times), and retail investors (5.87 times), with a portion reserved for employees (9.49 times).

• Star Cement: Rahul Chamaria sold 35.97 lakh shares (0.89%), Rajendra Chamaria sold 1.95 crore shares (4.83%), Renu Chamaria sold 30.03 lakh shares (0.74%), Sachin Chamaria sold 74.91 lakh shares (1.85%) while Ultratech Cement bought 3.36 crore shares (8.31%) at Rs 227.7 apiece.

• UPL: Nerka Chemicals bought 10 lakh shares (0.13%) at Rs 504 apiece, while Uniphos Enterprises Ltd sold 10 lakh shares (0.13%) at Rs 504 apiece.

• Concord Enviro Systems: Morgan Stanley Asia Singapore sold 1.1 lakh shares at Rs 827.5 apie ce, State Bank of India sold 2.76 lakh shares at Rs 820.59 apiece.

• Dam Capital Advisors: S I Investments ## Broking bought 4 lakh shares (0.56%) at Rs 415.87 apiece.

• Garuda Construction and Engineering: Utpal H Sheth bought 4.8 lakh shares (0.5%) at Rs 128.49 apiece.

• Himadri Speciality Chemicals: Modern Hi-Rise bought 25 lakh shares (0.5%) at Rs 575.08 apiece.

• Jindal Stainless: Promoter JSL Overseas Holding bought 11.48 lakh shares on between Dec. 23 and 24.

• NCC: Promoter Uddaraju Ramya bought 1 lakh shares between Dec. 23 and 24.

• Paisalo Digital: Promoter Equilibrated Venture Cflow bought 7.5 lakh shares on Dec. 27.

• INFO EDGE (INDIA): Promoter Sanjeev Bikhchandani sold 40,000 shares on Dec. 27.

• Mangalam Cement: Promoter Rambara Trading bought 1.8 lakh shares between Dec. 26 and 27.

• Paisalo Digital: Promoter Equilibrated Venture Cflow created a pledge for 19.09 lakh shares, Promoter Pri Caf (P) Ltd. created a pledge for 18.1 lakh shares, Promoter Pro Fitcch (P) Ltd. created a pledge for 18.1 lakh shares on Dec. 27.

• Hinduja Global Solutions: Promoter Hinduja Group created a pledge for 45 lakh shares on Dec. 27.

• TVS Holdings: Promoter Vs Trust (Mr Venu Srinivasan, Trustee) created a pledge for 5.19 lakh shares on Dec. 24.

• Ceigall India: To meet Investors and analysts on Jan. 2.

• Price Band change from 5% to 10%: Focus Lighting and Fixtures.

• Moving out of ASM: Enviro Infra Engineers.

• Moving into ASM: Amber Enterprises India, Intellect Design Arena.

• Ex/record Bonus Issue: Banco Products.

• Nifty January futures up by 0.34% to 24,000 at a premium of 187 points.

• Nifty January futures open interest up by 4.77%.

• Nifty Options Jan. 2 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 21,600. 

• Securities in ban period: Nil.

The Indian rupee weakened sharply on Friday, hitting a fresh record closing low of 85.54 against the US dollar. This marked its steepest single-day decline since February 2023.

The domestic currency, during the trading session, had depreciated 53 paise to hit its lowest ever value of 85.81. It had opened at 85.32 per dollar and had closed at 85.26 on Thursday.

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