Wednesday, 20 December 2023

11 News of Indian Stock that change the trend of Nifty bearish l Top gainer and Losers

 

                                                                          #Nifty EOD

COUNTER

Open

High

Low

Close

Nifty

21543

21593    

21087

21150 (-302.95)         

Bank-nifty

48035

48166

47202

47445 (-425 )    

FinNifty

21518

21552

21096

21201 (-233)

From reference to our previous post on date 19/12/2023, we have mentioned that Nifty is in last lap of 21609 which will be stiff resistanceas per Gann price level. Today nifty had gap-up open of +111 traded near the level 21609 and after 11 AM as thithi of ashtami changed the trend of market changed and dragged the nifty fall to -506 point in intraday and made low of 21087. Other indexes like Sensex , bank nifty , FinNifty follow the league. Trading on Thursday nifty  expected to trade low  till before 21025 (-/+ 22 point )  which must act as best support if it break further fall is expected, take above level as side of update not recommendation

 

News of  stock market

1.       Nazara Technologiesrises as it plans partnerships with four different Indian gaming studios: Smash Head Studios, Wandermind Labs, Pixcell Play, and ATG Studios. Under these partnerships, Nazara Technologies plans to release 20 games in the next 12 to 18 months, investing between Rs 1 crore and Rs 3 crores per game.

2.       Jubilant Foodworksrises as its unit, Jubilant Foodworks Netherlands, launches a cash offer to acquire the remaining 45.3% in Domino's Pizza Eurasia. The acquisition will occur at an average price of 95 pence per share, amounting to €73.4 million (approx. Rs 668.8 crore).

3.    Paytm  is rising as 40.2 lakh shares (1% equity), amounting to approximately Rs 254.3 crore, change hands, according to reports.Satin Creditcare hit its 52-week high of Rs 276 after the board approved the allotment of 1.08 crore shares at Rs 230.7 each to eligible qualified institutional buyers, raising about Rs 250 crore.

4.       JK Tyre  is rising as it opens its qualified institutional placement to raise Rs 500 crore, with the floor price set at Rs 358.9 per share

5.       Rail Vikas Nigam rises as it bags an order worth Rs 123 crore in a joint venture with KRDCL. The project involves a significant upgrade of the Varkala Sivagiri Railway Station.

6.       Varun Beverages rose to an all-time high of Rs 1,178 as it is set to acquire South Africa's The Beverage Company and its subsidiaries for Rs 1,320 crore. The company has also signed a Rs 450 crore MoU with the Jharkhand government for the Patratu manufacturing plant.

7.       Oil India gained 6.33 percent, extending gains for the second straight session after the rise of crude oil prices and the government slashing windfall taxes.

8.       Glenmark Pharma plunged 4.52 percent despite the Competition Commission of India (CCI) approving Nirma's acquisition of the majority shareholding in the subsidiary Glenmark Life Sciences.

9.       Ashok Leyland stock gained 2 percent after global brokerage firm CLSA shared a 'buy' rating on the counter, with a target price of Rs 238, implying an upside of 33 percent. However, the stock lost its gains and closed at 3.28 percent in the red.

10.     Ajmera Realty gained 2 percent after Quest Investment Advisors acquired a 1.4 percent stake in the real estate company.

11.    JSW Infrastructure fell 6.14 percent even after the company announced its wholly-owned subsidiary has completed the acquisition of a marine oil terminal in the Middle East.

12.    DefenceMinistry signs Rs 1,615 crore contract with MazagonDock for procurement of 6 offshore patrol vessels.

 IPO Arena

 Motisons Jewellers' Rs 151.1 crore IPO gets bids for 118.6X the available 2.1 crore shares on offer on the third day of bidding. The retail investor quota gets bids for 104.6X the available 1.1 crore shares on offer.

 Suraj Estate Developers' Rs 400 crore IPO gets bids for 8.1X the available 82.3 lakh shares on offer on the third day of bidding. The retail investor quota gets bids for 7.3X the available 41.2 lakh shares on offer.

 Muthoot Microfin's Rs 960 crore IPO gets bids for 7.4X the available 2.4 crore shares on offer on the third day of bidding. The retail investor quota gets bids for 4.1X the available 1.2 crore shares on offer.

 Gainer

 1.       #AU small finance bank     +3.93 %

2.      # Voltas                                 +3.45 %

3.      # ONGC                                 +1.45 %

 Losers

1.      # IBULHSGFIN                          -11.18 %

2.      # INDUS Tower                        -8.16  %

3.     #  PEL                                          -7.93 %

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