Sensex gains 230 pts; Suraj Real Estate drops 7%, Adani Green rallies 5.5%

Closing Bell on December 26, 2023: On the downside, the Nifty Media index fell 0.58 per cent, and the Nifty IT shed 0.4 per cent

4:00 PM

Comment :: "Nifty needs support from bank stocks to surpass 21,500'

We have reached closer to the hurdle of 21,500 in Nifty and need support from the banking index to make a serious attempt for trend resumption else profit taking would resume.

Amid all, traders should avoid aggressive trades in the index and stay focused on identifying opportunities on stock-specific front.

We reiterate our preference for defensive viz. Pharma and FMCG for long trades and suggest picking selectively from others.  

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

3:42 PM

Currency check :: Rupee ends 4 paise lower at 83.19/$

3:41 PM

SmallCap Heatmap :: Index closes half a per cent up; J Kumar Infra zooms 20%

3:40 PM

MidCap Heatmap :: Index shines Tuesday, settles 0.7% higher

3:38 PM

Nifty Heatmap :: Pharma, Metal stocks in demand; IT reverses gains

3:37 PM

CLOSING BELL :: Nifty ends tad below 21,450

3:35 PM

CLOSING BELL :: Sensex ends higher after choppy session, gains 230 pts

3:28 PM

ALERT :: Promoters to invest Rs 9,350 crore equity in Adani Green

>> The Board of AGEL approved issuance of IRs 9,350 crore of warrants on a preferential basis to the promoter group at a share price of Rs 1,480.75/share

>> Funds to be utilised for deleveraging and accelerated growth capex in AGEL to deliver 45 GW capacity by 2030

>> This transaction follows successful debt raise of $1.4 billion earlier in December 2023, and takes the total capital raised to $3 billion
 

3:19 PM

By April, 1,400 new electric buses will be inducted in BMTC: Karnataka CM

"So far, Karnataka women have undertaken 120 crore rides in state transport buses for free since the launch of the Shakti scheme. A total of 40 lakh people travel on BMTC every day. In this, women of all castes, all religions and all walks of life are travelling for free," he said. The new electric buses have been added to promote public transport services and also curb increasing vehicular pollution in the city, he added. READ MORE
 

3:04 PM

Global check:: US, UK stock futures hold modest gains

Source: Investing.com

2:51 PM

SBI buys Rs 200 cr worth non-convertible debentures of Muthoot Fincorp

Shaji Varghese, CEO of the company said the proceeds from the NCD issue will be utilised for onward lending, business operations and further expansion and growth plan. READ MORE

2:41 PM

BEL soars 6% on order wins of Rs 3,351 crore; joins top 50 market-cap club

Shares of Bharat Electronics rallied 6 per cent on the BSE to a fresh high of Rs 184.50 in Tuesday’s intra-day trade on the back fo strong order wins. The company has received orders worth Rs 3,351 crore over the last two days. READ MORE

2:29 PM

ALERT:: Atam Valves wins maiden marine overseas order; stock down 2%

Atam Valves has successfully secured its inaugural marine overseas order. This milestone marks a significant step in our expansion into international markets and underscores our commitment to growth and diversification, the company said in an exchange filing.

2:18 PM

Govt envisions PLI 2.0 for steel sector in 2024; curbs on imports awaited

India has set a target of having an installed steel manufacturing capacity of 300 MT by 2030. At present, the country has a capacity of around 161 MT. READ MORE

2:03 PM

ALERT:: DCW says operations resume at flood-affected TN plant; stock soars 6%

DCW in an exchange filing regarding temporary suspension of operations at at Arumuganeri plan in Tamil Nadu owing to flooding; said the impact of rains was neutralised and operations at the plant were resumed in phased manner. The company expects to get back to normal level of production within next 3 to 4 days.