CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.

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	<strong>STOCK MARKET HIGHLIGHTS</strong></div>
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	After starting on an optimistic note, given the positive mood in global markets, the S&P BSE Sensex rallied to a high 61,393 in Friday&rsquo;s morning trades. The benchmark index, thereafter, pared gains and slipped into the negative zone as the day progressed owing to weakness in index heavyweights ICICI Bank and HDFC twins.</div>
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	A heavy bout of selling in late trades, saw the BSE index plunge to a low of 60,744 &ndash; down 293 points from the day&rsquo;s high. The Sensex finally ended the day with a loss of 293 points at 60,841.</div>
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	Despite the day&rsquo;s loss, the BSE benchmark managed to gain 1.7 per cent this week, and also signed-off the year 2022 on a winning note &ndash; 4.4 per cent higher.&nbsp;</div>
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	The NSE Nifty 50 settled 86 points lower on the last trading day of the year, but was up 1.7 per cent this week and 4.3 per cent in 2022.</div>
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	Among the Sensex 30 shares, <strong>ICICI Bank </strong>was down over 1.5 per cent, and was solely responsible for a near 100 points loss on the 30-share benchmark. Bharti Airtel, HDFC, Nestle India, Mahindra & Mahindra, ITC, Asian Paints, Larsen & Toubro and PowerGrid Corporation were the other notable losers.&nbsp;</div>
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	On the positive front, Bajaj Finserv rallied over 2 per cent. Titan, Bajaj Finance and Tata Steel were up over a per cent each.&nbsp;</div>
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	The broader markets outperformed the benchmark indices in trade today. The BSE Midcap index gained 0.4 per cent, while the Smallcap index advanced 0.8 per cent. The overall market breadth too was fairly positive, with nearly 2,200 advancing shares versus 1,300-odd declining stocks on the BSE.</div>
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	In contrast the day&rsquo;s performance, the broader indices were underperformers in the year 2022. The BSE Midcap index finished with a gain of 1.4 per cent as against the Sensex gain of 4.4 per cent. The Smallcap index was down 1.8 per cent for the year.</div>
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	<strong>Watch Video: <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/will-2023-be-the-year-of-mid-smallcaps-1964.htm" target="_blank">Will 2023 be the year of mid, smallcaps?</a></strong></div>
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Sectorally, the BSE Consumer Durables index moved 0.8 per cent higher in trades on Friday. The Metal and Realty indices were the ofther notable gainers. On the other hand, FMCG, Power and Bankex finished in the negative zone.<br />
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	<strong>New Listing</strong></div>
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	<strong>Elin Electronics </strong>witnessed a disappointing debut. The stock ended at Rs 229, down over 7 per cent when compared with its issue price of Rs 247 per share. <a href="https://www.business-standard.com/article/markets/elin-electronics-makes-weak-debut-lists-2-below-issue-price-122123000293_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Among other individual stocks, <strong>Lotus Chocolate </strong>was locked at the 5 per cent upper limit after Reliance Consumer Products, a step-down subsidiary of Reliance Industries, said would 51 per cent controlling stake in Lotus for Rs 74 crore, and make an open offer to acquire up to additional 26 per cent stake. <a href="https://www.business-standard.com/article/markets/lotus-chocolate-hits-5-upper-limit-as-reliance-eyes-majority-stake-122123000271_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	Shares of <strong>Craftsman Automation </strong>hit a record high at Rs 3,710, before settling 7.8 per cent higher at Rs 3,507 after acquisition of auto components maker &ndash; DR Axion India for Rs 375 crore. The acquisition will help both entities leverage their strengths and build better synergies. <a href="https://www.business-standard.com/article/markets/craftsman-automation-soars-9-hits-record-high-on-acquisition-of-dr-axion-122123000226_1.html" target="_blank"><strong>READ MORE&nbsp;</strong></a></div>
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	<strong>Solar Industries </strong>also soared to an all-time high of Rs 4,488.50, and settled 5.4 per cent higher at Rs 4,390 on stable outlook going ahead. The government&rsquo;s Atmanirbhar Bharat Abhiyan programme, which is aimed at curtailing import dependence and increasing the sourcing of indigenous defence products, presents large growth opportunities for companies such as Solar. <a href="https://www.business-standard.com/article/markets/solar-industries-hits-all-time-high-rallies-6-on-stable-outlook-122123000402_1.html?1672382626" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Primary Market Update&nbsp;</strong></div>
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	<strong>Sah Polymers </strong>Rs 66.30 crore IPO opened for subscription today. As of 3:40 PM, the retail portion was oversubscribed up to 1.4 times, while the overall issue was subscribed 35 per cent on Day 1 of the offer period. The initial public share sale ends on January 04.</div>
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Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

Business Standard

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841 | News on Markets - Business Standard

NEW LISTING: Elin Electronics lists at 1.6% discount against issue price of Rs 247

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HG Infra wins NHAI project worth Rs 997 crore; stock surges 8%

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	Shares of HG Infra Engineering surged 8 per cent to Rs 624 on the BSE in Friday&rsquo;s intra-day trade after the company announced receipt of Letter of Award (LOA) from National Highways Authority of India (NHAI) for Hybrid Annuity Mode (HAM) project in the state of Haryana. <a href="https://www.business-standard.com/article/markets/hg-infra-wins-nhai-project-worth-rs-997-crore-stock-surges-8-122123000201_1.html" target="_blank"><strong>Read more</strong><br />
	<img alt="National Highway, highways, road, NHAI" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-10/11/full/1570808339-8998.jpg?im=Resize,width=640" /></a></div>

Reliance Retail arm to pick 51% stake in Lotus Chocolate; stock hits 5% upper circuit

Reliance Consumer Products (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures will acquire 51 per cent controlling stake in Lotus Chocolate Company (Lotus) for Rs 74 crore and also make an open offer to acquire upto 26 per cent.&nbsp;

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Lalit Behari Singhal appointed as independent director to Dish TV board, stock up 3%

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	The company appointed former bureaucrat Lalit Behari Singhal as an independent director to its board. Meanwhile, shareholders for the second time voted against the two ordinary resolutions, to adopt the FY21 and FY22 financial statements of the company.</div>

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Eicher Motors drops 1%; to buy 10.35% stake in EV firm Stark Future for Rs 440 cr

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HG Infra wins Rs 744 crore order; stock jumps 5%

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City Union Bk up around 1%; opens 19 new branches

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Craftsman rallies 8%; co to buy 76% stake in DR Axion India for Rs 350 crore

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All sectors hold gains; PSU pocket rises 2%, IT, Metals 1%

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Mid-cap winners: Banks among top gainers, IOB up 5%

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Broader markets outperform benchmark; Smallcaps gain most

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Eicher Motors, SBI Life, M&M drop up to 1%

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Tech M, Bajaj twins, Tata Steel claim top Nifty winner spots

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HEATMAP: IT stocks among top Sensex gainers

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OPENING BELL: Nifty moves 30 pts higher at open

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