Wednesday, 3 January 2024

6 % Up Rise In Biocon share price I Indian Stock Market Latest News Today I Nifty Top Losers and Gainers

 Indian Stock market had close in red on Wednesday trading session One more Trading session, one more bearish day for Nifty , Bank Nifty and Sensex , Nifty fall reason today was already Updated in our previous blog. After  making all time high of 21834 Nifty was facing resistance and high level of profit booking was expected in market after gain of 2930 point or 15.50 % since 26-11-2023. Nifty50 now expected to correct approx of  1150 point from Recent High. Today Sensex Has closed at 71356 with fall of 535.80 points , On expiry Day of BankNifty manage to close flat  at 47704 with lose of 56 points , where as Nifty50 today close At level of 21517 with losing 148.50 point in Intraday.   In Intraday Trading Biocon was top gainer with 6 % closes at 282.35 next to Bajaj Auto which closed at  6986 with  gain of 4%. On other hand Indian Stock which Pulled Nifty50 Down were Nalco (128.85) 6.62 % and Hindalco (593)  4 % . There Was 477 % up in volume trading of Bajaj Auto and  424 %  volume up in Adanient share , Metal And  Technology sector are Today lop Losers


Nifty trading for the day 0301/2024


Rail Vikas Nigam: The joint venture KRDCL-RVNL has received a letter of acceptance for major upgradation and redevelopment of Varkala Sivagiri railway station. The project cost is Rs 123.36 crore. KRDCL is the lead member in the project with 51 percent share, and RVNL is the other member with 49 percent share.

 

Avenue Supermarts: The D-Mart chain operator has clocked 17.2 percent on-year growth in standalone revenue from operations at Rs 13,247.33 crore for the quarter ended December FY24. The total number of stores as of December 2023 stood at 341.

 

Hero MotoCorp: The world's largest two-wheeler maker has sold 3,93,952 units of motorcycles and scooters in December 2023, down 0.05 percent compared to 3,94,179 units dispatched in the year-ago month. Domestic sales fell 0.92 percent YoY to 3,77,842 units, but exports jumped 25.7 percent to 16,110 units during the same period.


Bank of Maharashtra: The public sector lender has recorded 18.92 percent on-year growth in total busine.ss at Rs 4.34 lakh crore for the quarter ended December FY24, with deposits increasing by 17.9 percent to Rs 2.46 lakh crore and gross advances rising 20.3 percent to Rs 1.89 lakh crore.

sun Pharmaceutical Industries: The pharma major has acquired Libra Merger Ltd., a company incorporated in Israel. The acquisition will facilitate the consolidation of the company's business in Israel.


IRCON  stock gained 6.88 percent after the company announced changes in management. The company said Pramod Kumar Singh, project director for Patna, and Ravi Sahay, chief general manager (civil), ceased to be senior management personnel.

Biocon Top Gainer for the day


Tata Steel fell 3.3 percent after Kotak Institutional Equities downgraded the stock to ‘reduce’, citing expensive valuations after the recent rally and deteriorating fundamentals on margin.

Coal India fell 1.8 percent despite the company recording all-time high volume of 98 million tonnes to non-regulated sector consumers till December in this fiscal.

MOIL stock gained 3 percent intraday after the manganese ore producer recorded the highest ever monthly output in December 2023 but squandered the gains to close 0.06 percent lower.

Nalco To loser of the day in Nifty50


Adani Enterprises and other group stocks gained after the Supreme Court rejected petitions seeking a Special Investigation Team (SIT) or CBI probe into Hindenburg allegations. Adani Enterprises gained 2.48 percent.

 Bajaj auto stock surged 5 percent Intraday and topped the Rs 7,000-mark after the company’s board announced it would consider share buyback on January 8. The stock ended 4.55 percent higher.

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