Nifty 50 today closed at 21,731.40 (-47.3, -0.2%), BSE Sensex today closed at 72,240.26 (-170.1, -0.2%).Today was the last trading session of week ,month and year which end in Red for the day , Nifty 50 weekly gain was of 1.80 % , monthly of 8.13 % And Nifty 50 made gain of 19.50 % this year .In case of Bank Nifty made weekly gain of 1.70 % , monthly of 8.36 % and yearly gain of 11.36 %. The ratio gap of gain between Nifty and Bank nifty tells that Bank stock didn’t performed like last year Only Private Sector Bank was gainer , IT sector Top the list by their performance
Indian Stock Market News
1. Nazara Technologies' arm
Nodwin Gaming invests $5 million in its subsidiary, Nodwin Gaming
International, through the subscription of 26,267 shares. Nodwin now holds a
100% stake in Nodwin Gaming International.
2.Tata Motors surged 3.5
percent on December 29, making it the first Nifty company to see its share
price double in 2023, closing out the last trading session on a high. The
bullish momentum comes on the back of a robust JLR outlook, a gradual shift to
electric vehicles, and demand for SUVs as disposable incomes increase. Since
the start of the year, India's leading EV player has gained 102 percent.
3. RBL Bank gained nearly 4
percent on December 29, a day after ICICI Prudential AMC & ICICI Prudential
Life get RBI approval to acquire up to acquire stake in RBL Bank. In a December
28 filing post market close, RBL Bank said that the Reserve Bank of India has
given its approval to ICICI Prudential Asset Management Company and ICICI
Prudential Life Insurance Company, to acquire up to 9.95 percent
4. Railtel Corporation of India jumped over 15 percent on December 29 post securing an order worth Rs 120.45 crore from South Central Railway. Railtel Corporation of India has secured a significant work order worth Rs 120.45 crore from South Central Railway.
5. Shakti Pumps (India) ended 2 percent higher on December 29 after the company received a fresh order from the Haryana Renewable Energy Department (HAREDA). The total amount of the work order is for around Rs 258 crore (inclusive of GST).
6. Kalpataru Projects International gained 8 percent on December 29 after the company, along with its joint ventures (JVs) and international subsidiaries, secured orders worth Rs 3,244 crore.
7. Marine Electricals Indian Limited jumped 5 percent on December 29, post securing an order worth Rs 31.85 crore for procurement of six integrated bridge systems (IBS) from Ministry of Defence. Marine Electricals (India) recently landed a significant contract valued at Rs 31.85 crore from the Ministry of Defence.
8. Indian bank The net non-performing assets
ratio declined to a multi-year low of
0.8 per cent in September 2023, reflecting the strength of the country’s
financial sector, according to the RBI’s Financial Stability report.The gross
non-performing assets (GNPA) ratio of banks has fallen to a multi-year low of
3.2 per cent
9. GE T&D India surged 5 percent on December 29, following the company's receipt of an order from UK Grid Solutions Limited. The stock also hit a 52- week high of Rs 503.35 on the same day.
IPO arena
Azad Engineering extended gains on the second day of listing, ending over 2 percent higher on December 29, after sovereign wealth fund Abu Dhabi Investment Authority picked up 3.98 lakh equity shares for Rs 28.65 crore at an average price of Rs 719.9 each.
Innova Captab made a stellar debut on the bourses, ending 21 percent higher on December 29. The IPO price for the share was set at Rs 448. The Rs 570-crore public issue of pharmaceutical company had received good response from investors with a subscription of 55.26 times during December 21-26.
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