11 News that pull nifty for all time high from day low l Mover & shakers for the day

 

                                                                           Indian Stock Market 

COUNTER	Open	High	Low	Close
Nifty	21477	21505	21337	21453 (+34)
Bank-nifty	47940	48017	47676	47870 (-20 )
FinNifty	21476	21491	21337	21434 (-10)

 Today nifty , bank nifty and Sensex  closed in narrow range ,with high level of volatility. Once nifty was trading at low 21337 in morning session Nifty find pending liquidity near level of 21320 and once it hit the lower FVG start trading high and made another all time high.  On Wednesday nifty may trader for the last lap of 21609 but Bank Nifty  still have range gap of 48841 which could be covered by Thursday. There Is high change of Nifty And Bank Nifty may remain Party tune   

Some Important  Indian Stock market news  

 

1.   Sun Pharma hits its 52-week high of Rs 1,267.95 after acquiring a 16.7% stake in Lyndra Therapeutics for Rs 249.6 Cr.

2.  IDFC First Bank is rising after receiving the RBI's 'no objection' for its amalgamation with IDFC Limited. The agreed share exchange ratio is 155 equity shares of IDFC First Bank for every 100 shares of IDFC Limited.

3. Nestle Indiarises to an all-time high of Rs 25,705 as the company sets January 5 as the record date for its 1:10 stock split. The company appears in a screenerof stocks with high TTM EPS growth.

4. JTL Industries surges by 4% to reach its 52-week high of Rs 252.3 following the announcement of raising Rs 1,310 crore through a preferential issue and qualified institutional placement. The proceeds will be used for capacity expansion in Maharashtra.

5. India Glycols surges more than 8% as it bags an order worth Rs 1,164 crore to supply 16.5 crore liters of ethanol under the Ethanol Blended Petrol Programme (EBPP).

6.  IMF reports that India is set to contribute more than 16% to global growth, attributing this to the country's robust economic expansion.

7. Apollo Tyres rises to an all-time high of Rs 485 as a 3% stake (2.6 crore shares), amounting to Rs 831.9 crore, was reportedly sold through a block deal.

8. Devyani International surges more than 5% as it enters the Thailand market by acquiring 274 KFCs for Rs 1,066.1 crore. The company has also invested Rs 340 crore in its Dubai subsidiary, Devyani International DMCC.

9. KPI Green Energy is falling despite its board approving a qualified institutional placement (QIP) of equity shares worth Rs 300 crore. The board has set a floor price of Rs 1,245 per share.

10. PNC Infratechrises as it emerges as the lowest bidder for a Rs 1,174 crore highway project in Madhya Pradesh. The project involves the construction of the Western Bhopal Bypass within two years.

11. Kaynes Technology is rising as its board of directors approves to issue shares worth Rs 1,400 crore through a qualified institutional placement (QIP) at a floor price of Rs 2,449.9 per share.

 Gainer :

Indian Railway Finance Corporation Ltd. (100.05, 6.04%),

 Indian Overseas Bank (46.95, 5.03%)

 Nestle India Ltd. (25,309.65, 3.92%).

Loser :
Zee Entertainment Enterprises Ltd. (270.95, -3.40%),

L&T Technology Services Ltd. (5,177.60, -2.84%)

Steel Authority of India (SAIL) Ltd. (112.20, -2.82%).

  IPO Arena

1.      Suraj Estate Developers' Rs 400 crore IPO gets bids for 1.7X the available 82.3 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 2.9X the available 41.2 lakh shares on offer.

2. Muthoot Microfin's Rs 960 crore IPO gets bids for 1.9X the available 2.4 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 3.1X the available 1.2 crore shares on offer.