Tuesday, December 24, 2024 | 04:13 AM ISTEN Hindi

MARKET WRAP: Sensex up 173 pts, Nifty tops 11,900; IT, realty stocks gain

All that happened in the markets today

SI Reporter New Delhi

markets

1:53 PM

NEWS ALERT | Govt proposes capital infusion in India Infra Finance Company: sources to CNBC TV18

-- To infuse Rs 5,000 cr

-- Proposal to remove restrictions on IIFCL from largely financing only PPP projects

-- Cabinet approval sought; IIFCL may fund all infra projects post approval

1:49 PM

Asian Markets check

Asian stocks extended earlier gains on Wednesday, although advances were patchy ahead of key central bank meetings while the pound wobbled as opinion polls pointed to a tight UK election later this week.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent higher. Hong Kong’s Hang Seng and Australia’s S&P/ASX 200 led gains with 0.7 per cent rises. Shanghai blue chips rose 0.2 per cent.

Japan’s Nikkei was unchanged. Futures pointed to flat open in Europe and on Wall Street.

(inputs from Reuters)

1:39 PM

Saudi Aramco shares surge 10% in trading debut after world's largest IPO

Saudi Aramco shares surged as the oil producer began trading after its initial public offering (IPO), vaulting Saudi Arabia’s stock market into the ranks of the world’s largest. The stock jumped the daily 10 per cent limit to 35.20 riyals at 10:31 am in Riyadh. Trading kicked off after an opening auction from 9:30 a.m. to 10:30 a.m. local time. READ MORE

1:33 PM

PSBs want ex-billionaire Mallya to be declared bankrupt over $1.52 bn debt

Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds ($1.52 billion) in unpaid debts.

The banks and an asset restructuring company, led by the State Bank of India, have taken the tycoon to a London court in what lawyers have described as “the end of the road” in their long-running battle. Mallya hasn’t paid anything toward the debt, the banks’ lawyers told the court Tuesday. READ REPORT

1:24 PM

New IPO companies fare worse than index ones in corporate governance: Study

Recently listed companies scored 54, compared to 58 for the S&P BSE 100 companies and 61 for companies in the S&P Sensex companies, showed the Indian Corporate Governance Scorecard report brought out by governance firm Institutional Investor Advisory Services India Limited (IiAS). The framework was developed in association with Asia’s oldest exchange BSE and the International Finance Corporation (IFC). The initiative had financial support from the government of Japan. READ MORE

1:13 PM

Market check

1:12 PM

Auto stocks trade lower

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
TATA MOTORS	158.15	161.80	157.90	-1.50	-0.94
ASHOK LEYLAND	75.90	77.75	75.80	-0.90	-1.17
TATA MOTORS-DVR	64.10	66.75	64.10	-1.30	-1.99
HERO MOTOCORP	2279.45	2345.00	2263.25	-50.95	-2.19
ESCORTS	588.15	596.10	585.85	-3.10	-0.52
M & M	504.80	511.20	504.40	-1.00	-0.20

Click here for the full list

1:03 PM

NEWS ALERT | Saudi Aramco lists at 35.20 Riyals per share on Tadawul Exchange: CNBC TV18

-- Saudi Aramco valued at $1.7 trillion

1:03 PM

Expansions, clean track record helping Divi's Labs tap new opportunities

Divi’s Laboratories, which is trading near the all-time high it scaled last month-end, is up over 20 per cent from August lows. The Street’s confidence stems from the company’s clean regulatory track record, and strong business prospects.

With intensified competition and pricing pressure in the US markets, drug manufacturing majors are increasingly looking for outsourcing options to control costs. READ MORE

12:52 PM

NTPC up 2%

12:46 PM

MARKET UPDATE:: GSFC, GNFC, J&K Bank, Cummins India, La Opala RG, and 18 other BSE500 stocks hit 52-week lows

12:40 PM

NEWS ALERT | Adani Transmission to sell 25.15% stake in subsidiary to Qatar Invt Authority: BSE filing

-- QIA's investment in Adani Electricity Mumbai, subsidiary of Adani Trans, will be $450 m (Rs 3,200 Cr).

-- The transaction is expected to complete in early 2020

12:39 PM