Business Standard

Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850

Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day

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Stocks

Photo: Bloomberg

11:21 AM

ALERT :: Ambuja Cements revises open offer price for Sanghi Ind to Rs 121.90 from Rs 114.22/sh

11:11 AM

ALERT :: India Services PMI dips to 1-year low of 56.9 in November

>> October Services PMI stood at 58.4 

>> Composite PMI stood at 57.4 vs 58,4 MoM

10:57 AM

Market Check :: Nifty tests 20,850

10:44 AM

Realty sector's inventory surges to over Rs 1 trn, outpacing sales growth

Realty companies in Business Standard’s Sample reported combined net sales of Rs 17,464 crore during the April-September 2023 period, a 25.5 per cent increase from Rs 13,911 crore a year ago. These companies’ combined inventory of unsold properties rose by 28 per cent Y-o-Y in H1FY24, up from Rs 81,720 crore a year ago.  READ MORE

10:31 AM

Sectors & stocks analysts are betting on post the state poll outcome

"We see significant scope for the S&P BSE Sensex and the Nifty50 to gain from the current levels. The S&P Sensex can gain around 5 per cent in the next 3 - 4 months and it is likely to cross the 71,000 mark before general election commences in 2024," said G Chokkalingam, managing director for research at Equinomics Research. READ MORE

10:20 AM

Lack of valuation comfort may enhance gains in capital goods sector

Commodity prices are still moderate due to slower global demand. The Q2FY24 results beat Street estimates. Transmission & distribution (T&D) equipment saw a demand bounce, and L&T reported big orders in overseas hydrocarbon projects in West Asia. READ MORE

10:08 AM

US govt examined Hindenburg allegations before giving $553 mn loan to Adani

The DFC was satisfied that the accusations in the short-seller’s report, which said Adani was pulling off “the largest con in corporate history,” weren’t applicable to Adani Ports & Special Economic Zone Ltd., the subsidiary spearheading the Sri Lankan project, the DFC official said, declining to be named to detail the negotiations. READ MORE

9:54 AM

ALERT :: Market gains momentum; Sensex up 350 pts

9:45 AM

JSW Infra arm signs Share Purchase Agreement with SP Port Maintenance

>> Arm JSW Dharamatar Port has signed a share purchase agreement with SP Port Maintenance (a Shapoorji Pallonji Group company) to acquire 50 per cent plus one share of PNP Maritime for Rs 270 crore.

9:41 AM

Brigade Enterprises zooms 5% on luxury housing project worth Rs 300 cr

> It has entered into a joint development agreement with land owners to develop a residential project, spread over four acres at Kurubarahalli, Mysuru.

>> The developable area of the project will be about 0.40 million sq ft with a gross development value (GDV) of Rs 300 crore.

 
9:39 AM

Gulshan Polyols surges 4% on order worth Rs 572 crore

>> The company has been allocated a quantity for supplying 89,404 Kilolitres of Ethanol from its 500 KLPD Ethanol plant at Boregaon with an estimated order value of Rs 571.5 crore.

9:37 AM

Shriram Properties erases losses after multiple block deals

9:36 AM

Honasa Consumer off highs after block deals

>> Reports suggest Fireside Ventures Investment Fund, a venture capital fund, may divest 1.9 per cent stake in the parent company of Mamaearth through block deals on Tuesday. 

9:25 AM

SmallCap Heatmap :: Index outperforms peers, rises over 0.5%

9:23 AM

MidCap Heatmap :: Index rises 0.32%

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First Published: Dec 05 2023 | 7:35 AM IST

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