INDIAN STOCK MARKET
|
COUNTER |
Open |
High |
Low |
Close |
|
Nifty |
21295 |
21390 |
21232 |
21349 (+94) |
|
Bank-nifty |
47837 |
48071 |
47415 |
47491 (-348) |
|
FinNifty |
22431 |
22514 |
22217 |
22319 (-60) |
After Gap-up Opening of Nifty traded upside
till 21390 by 11:50 AM and after the 12 :00 PM what a volatile day for nifty it
was down to 21232 forming a range of 160 point, Thanks to Friday Ekadashi event
for session of market. Normally in past
event it has been seen many time that even ever F11 (Friday Ekadashi ) event took place we see high volatile. But
due to some positive planetary position market still manage to close in Green ,
Bank nifty was not that lucky and dragged to -348 point in red. Monday will remain
closed and next week from Tuesday to Friday will have low volume on Stock
market around globe, And when new session of Stock market Start from 2024 It is
expected to have some blood bath in starting week in market around in global . There are high chance of Landon To collapse in coming year. The share which help Index to head high are
Wipro , Hcl Tech , Hindalco , TATA Motors , Share which have top the list of
losses Grasim , SBI , ICICI Bank, Bajaj Finance.
STOCK MARKET NEWS
LifeInsurance Corporation of India: LIC got an exemption from the Department of Economic Affairs to achieve the 25 percent minimum public shareholding threshold within 10 years of listing, which is in 2032. The department termed the decision was taken due to “public interest”.
Bata India: The retail footwear company said Pankaj Gupta will resign as Head of Retail and franchisee Operations and move to a global position in Bata group effective from March 1, 2024. Badri Beriwal Chief Strategy & Business Development Officer of the company, will be additionally leading the retail business including Bata, Hush Puppies and Franchise operations of the company.
MOIL: The state-owned manganese ore mining company announced that production by December 20, crossed 16 lakh tonnes in CY2023. The company said this figure is 26 percent higher than the previous high in 2019.
360 ONE WAM: The company has entered into a share purchase agreement with MAVM Angels to acquire the rest of the 9 percent stake and make the company, a wholly-owned subsidiary of the company. 360 ONE WAM acquired a 91 percent stake in the company in November 2022.
Adani Green Energy gained
nearly 1 percent on December 22, a day after it was reported that the parent
group was planning to invest $1 billion into the renewable arm, driving the
stock up 4 percent.
SBI card
stock gained nearly a percent due to an increase in credit card spends. Credit
card spends grew 40 percent year-on-year to Rs 1.6 lakh crore in November,
compared to 38 percent YoY growth in October.
Polycab India shares tanked nearly 5 percent on December 22 amid
reports that the income tax department is conducting searches at 50 locations
of Polycab across India. The residences and offices of the top management
linked to the firm were also being raided, reported CNBC TV18.
AstraZeneca
Pharma shares surged over 12.5 percent to a 52-week
high on December 22. The rise comes a day after the company announced that it
will launch Trastuzumab Deruxtecan, also known as Enhertu, which is used in the
treatment of HER2-positive breast cancer, in January 2024.
ACLGATI share closed in the red on December 22, ending 12.5 percent
lower. According to the company release, the direct shareholding will eliminate
inefficient complex corporate structure.
Piramal
Pharma zoomed 9 percent to hit a 52-week high on
December 22. It has surged 16 percent so far, largely in line with the
benchmark Sensex.
Railtel shares rallied nearly 2 percent on December 22 after the
company received a Rs 66.83-crore work order from NF Railway Construction.
V-Guard
Industries soared over 2 percent on December 22 after a
block deal worth Rs 100 crore took place on the exchanges. Around 35 lakh
shares of the company changed hands at a floor price of Rs 286 apiece which
represents a slight discount from the stock's closing price of Rs 287.15 in the
previous session.
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