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Monday, December 23, 2024 | 02:38 PM ISTEN Hindi

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Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100

CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.

Image SI Reporter New Delhi
BSE

BSE

9:02 AM

CURRENCY ALERT: Rupee opens 6 paise weaker at 82.71/$

8:55 AM

NIFTY VIEW: Index may regain strength on breaching crucial zone of 18,200-18250

Nifty witnessed a decent pullback from the low made near 17800 zone and with a huge positive candle has shown improvement in the bias to anticipate for further upward move.

The next crucial zone on the upside is near 18200-18250 levels, which if breached, would lead to sentiment regaining its lost strength and anticipate
for further upside targets.

At the same time, the 17800 levels would act as an important support zone where the index can find consolidation.

Views by Prabhudas Lilladher
8:50 AM

NMDC: A long-term play on steel cycle; may see decline in FY23 revenues

NMDC's formal demerger of the steel plant may be followed by an initial public offering, or the government could look for a stake sale. Read here
Govt to sell up to 7.5% in NMDC via OFS on Tuesday, may get Rs 3,621 cr
8:47 AM

BROKERAGE CALL | Near-term GMV growth likely to slow down for Zomato

We bake in slower food delivery GMV growth forecasts of 26/24/22% over FY2023/24/25 versus 32/30/30% earlier.

Lower growth forecasts drive a revised DCF-based FV of Rs85 (Rs100 earlier).

Zomato is our preferred pick among internet stocks, given the duopolistic market structure and large market potential.

We believe the Indian delivery market has legs to grow, near-term slowdown notwithstanding.

Views by Kotak Institutional Equities
8:44 AM

Stocks to Watch: NTPC, LIC Housing, Alembic Pharma, SIS, Gail, Puravankara

NTPC: The power major has signed a non-binding MoU with Italy-based Maire Technimont Group’s Indian subsidiary to jointly evaluate and explore the possibility to develop commercial scale green methanol production facility at NTPC’s project in India.
 
Suven Pharma: Global private equity giant Advent International has inked a pact to buy 50.1 per cent stake in Hyderabad-based Suven Pharmaceuticals for Rs 6,313 crore. The former will launch an open offer for another 26 per cent stake at Rs 495 per share. Read more
Markets, Stock market, sensex, stock market indices
8:40 AM

Here's why Mehul Kothari recommends to buy ABB, MRPL

According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57. Read here
technicals
8:37 AM

UPDATE: China to cut Covid-19 to lower-threat disease class from January 8

source: Bloomberg
8:34 AM

DIIs drive Monday's gains: Buy Rs 1,286 crore of shares

8:31 AM

Equities record Rs 498 crore of FPI selling on Monday

8:27 AM

Nifty may reclaim 18,200; SGX Nifty futures trade firm

8:24 AM

Brent Crude continues uptick; trades at $85 per barrel

8:20 AM

Most Asian markets inch higher barring Hang Seng index

China says it will end quarantine for travellers.
8:12 AM

US equity futures inch higher as traders approach end days of 2022

8:05 AM

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First Published: Dec 27 2022 | 8:06 AM IST