8 News That made 10% Return in day trading I Nifty and stock technical analysis chart for 26/12/2023

 After a flat and minute opening from 22/12/2023 closing Nifty and Sensex stood strong in intraday trade made high of 21477 and 71471 respectively, after making high Nifty and Sensex remain flat with low volume of trade in second session of trader and  Nifty 50 today  closed @  21,441.35 (92.0, 0.4%), BSE Sensex  today closed at 71,336.80 (229.8, 0.3%). Talking about other Index Bank Nifty today closed at 47724 with gain of +233 point , NiftyFin today closed at 21261 after gain of +64.50 point. Nifty IT and PSU bank didn’t participated gain for the day.

#Indian stock market news 

1. #NMDC rises to a new 52-week high of Rs 204.9 due raise of  iron ore futures rise to a 10-month high of $140 per ton In mental exchange

2. #Inox Wind were up nearly 3 percent on December 26 owing to the company’s successful acquisition of a repeat order of 279 MW from a significant Commercial and Industrial (C&I) player. Additionally, Inox Wind will also provide post-commissioning multi-year operations & maintenance (O&M) services. The project will be executed by June 2025, with the WTGs being installed across Rajasthan and Gujarat. This repeat order is from a large C&I customer for which Inox Wind has already executed 325 MW of orders to date

3. #Bharat Electronics surged 4 percent on December 26, after the company bagged orders worth Rs 678 crore. The stock also hit a 52-week high of Rs 184.50 on the same day. Out of the total, Rs 445 crore belonged to a contract with the Uttar Pradesh government for the next-generation UP Dial 112 project. Under the contract, the company will provide hardware, AI-based software tools and cyber security solutions for the project, spread across the state. The company also received additional orders worth Rs 233 crore for communication display units, thermal imaging cameras and miscellaneous spares and services. Brokerage Firm CLSA is also bullish on the stock with a target price of Rs 207

4. #HPCL surged 4 percent on December 26 along with a few other Oil marketing companies (OMCs). This uptick came on the heels of the shipping corporation Maersk's decision to resume operations through the Red Sea route. On December 25, Reuters reported that Denmark-based shipping company Maersk was preparing to resume shipping operations in the Red Sea and the Gulf of Aden. According to the report, the deployment of a US-led military operation for the safety of ships passing through has been cited as the reason behind the decision. Over the last year, stocks of these oil marketing companies have been seeing steady growth and have been trading in the green with HPCL reporting a 67.9 percent gain in stock price.

5. #Biocon gained nearly 2 percent on December 26 after the company's subsidiary signed a distribution agreement with Sandoz for an immunity-linked injection in Japan. Biocon Biologics signed a distribution agreement with Sandoz, granting the company the exclusive rights to promote, sell and distribute Adalimumab BS for subcutaneous injection [FKB], 

6. #KPIT Technologies rises as it acquires a 13% stake in cloud-based game aggregator N-Dream AG for 3 million euros (approx Rs 27.5 crore). This acquisition will help the company to enter into the cloud gaming space. 

7. #PNC Infratech rises as it receives a provisional completion certificate for the Unnao-Lalganj section of NH-31. The project, with a total cost of Rs 1,602 crore, was completed 33 days ahead of its schedule.

8. #Greenply Industries transfers 51% of its stake in its arm, Greenply Middle East, for $1.6 million to an investor group. Greenply Industries will cease to hold a controlling interest in the arm following this transaction.

IPO Arena 

1. Motisons Jewellers made a blockbuster debut on December 26, ending at over 88 percent premium against the IPO price of Rs 55. The Rs 151-crore public issue was bought 159.61 times during December 18-20 as all categories of investors showed strong participation in the IPO.

2. Muthoot Microfin made a disappointing debut on bourses on December 26, ending at an 8.5 percent discount to the issue price of Rs 291. The company's IPO was subscribed 11.52 times, with qualified institutional buyers (QIBs) leading from the front as they bid 17.47 times their allotted quota.

3.Suraj Estate Developers Ltd shares ended 7 percent lower on debut day on December 26 after its initial public offering subscribed nearly 16 times last week. Suraj Estate Developers' Rs 400 crore IPO was subscribed 15.65 times, with investors bidding for 12.88 crore shares against the offer size of 82.35 lakh shares

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