10 News Which led Nifty and bank nifty trade Low and high in same day l IPO listing of Inox India

 

                                                                       Nifty EOD

COUNTER	Open	High	Low	Close
Nifty	21033	Also read :Jyoti CNC Automation Ltd I History I News I IPO & Company Details I IPO GMP Today 21288	20976	21255(+105.90)
Bank-nifty	47172	47932	46919	47840 (+394.8 )
FinNifty	Also read : Indian Stock Markets End Weekly Buoyant, But Weekly Performance Stays Murky 21087	21359.25	20996.45	21326 (+124.70)

From reference to our previous post on date 20/12/2023, we have mentioned that “On Thursday nifty  expected to trade low  till before 21025 (-/+ 22 point )” And some where nifty will find support. Now coming to trade of 21/12/2023 Thursday Nifty made gap-down open of 67 point and bank nifty made gap-down of 44 point but from that point nifty and bank nifty start there forward lap of upside movement and made nifty of 21288 and 47932 respectively. Nifty made range of 312 point which could be conceded as good for future and option trading. Key stock which held nifty up are BPCL ,Power Grid corp. , Britannia , HDFC bank , Hindalco and other side stock that tried to pull nifty down were Bajaj auto , Bajaj Finance, Axis bank. On the side of bank nifty Key Stock which was  positive for bank nifty were PNB , Bank Of Baroda , HDFC Bank On other than Axis bank , Bandhan Bank, ICICI Bank was not in favor of bank nifty

https://markettalkshop.blogspot.com/2023/12/11-news-of-indian-stock-that-change.html

  

Indian stock market Key News

Also read :Bullish Bounce Back: Indian Markets Rise, Eyes on Key Levels

Natco Pharma rises as it is dismissed from an anti-trust lawsuit in the USA regarding its Pomalidomide drug.

Zee Entertainment Enterprises surges more than 4% as Culver Max Entertainment (formerly Sony India) and Bangla Entertainment agree to enter negotiations to discuss the extension of the date required to make the merger effective.

Suzlon Energy surges more than 4% as it secures a repeat order to supply and commission 92 wind turbines with a total capacity of 193.2 MW from the KP Group. The order is part of a wind-solar hybrid and State Transmission Utility (STU) tariff-based project aimed at increasing renewable energy capacity in Gujarat.

Tarsons Products rises as it will be acquiring Germany's medical distributor Nerbe for €10 to 15 million (approx Rs 91.1 to 136.7 crore).

Cochin Shipyard rises as it receives an order worth Rs 488.2 crore from the Defence Ministry. The order involves the repair and maintenance of equipment and systems onboard the naval vessel.

 IRCTC gained 6.61 percent with strong trade volumes on December 21. 3 crore shares exchanged hands compared to a monthly average of 80 lakh. The stock has been gaining after the company announced plans to expand in non-railway catering in India.

Allcargo Logistics went up 4.94 percent after the company announced January 2 as the record date for a 3:1 bonus share. Additionally the anticipation of rising freight charges due to the Suez Canal crisis.

Astrazeneca Pharma stock surged 2.9 percent after the company said it is launching Enhertu, a breast cancer drug, in January 2024 in India.

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Flare Writing Industries went down 2.8 percent after the company’s revenue rose 4.2 percent on-quarter to Rs 257 crore in Q2 FY 24, while its profit increased 3 percent sequentially to Rs 33 crore.

Shriram Pistons and Rings went up 5 percent and hit the upper circuit after Ace investor Sunil Singhania-backed Abakkus picked up a stake of Rs 326.01 crore in the company.

https://www.moneycontrol.com/news/photos/business/stocks/gainers-and-losers-10-stocks-that-moved-the-most-on-december-21-11939101.html

 

IPO Arena

Inox India’s shares debut on the bourses at a 43.9% premium to the issue price of Rs 660. The Rs 1,459.3 crore IPO has received bids for 61.3 times the total shares on offer.

Credo Brands Marketing's Rs 549.8 crore IPO gets bids for 20.8X the available 1.4 crore shares on offer on the third day of bidding. The retail investor quota gets bids for 15.8X the available 68.7 lakh shares on offer.

RBZ Jewellers Rs 100 crore IPO gets bids for 11.1X the available 79 lakh shares on offer on the third day of bidding. The retail investor quota gets bids for 20X the available 35 lakh shares on offer.

Siyaram Recycling debuted 25.54 percent higher after its initial public offering was subscribed over 385 times last week. Offering around Rs 23 crore through 4.99 crore shares, it was a pure fresh issue. The company plans to use the net proceeds to repay Rs 18 crore debt.

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