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

SI Reporter New Delhi

Photo: Bloomberg

8:17 AM

Gold price jumps Rs 440 to Rs 64,200, silver unchanged at Rs 80,500

The price of 24-carat gold jumped Rs 440 during early trade on Monday, with ten grams of the precious metal selling for Rs 64,200, according to the GoodReturns website. The price of silver was unchanged, with one kilogram of the precious metal selling at Rs 80,500. Read

8:13 AM

Nifty Financial Services, Nifty Private Bank: Avoid taking short positions

The current market price for the Financial Services Index is 20,862.90 and it has once again achieved a lifetime high on the charts, accompanied by a runaway gap. This pattern signifies a robust bullish momentum in the near term. Given the nature of a lifetime high, where no specific resistance levels are readily evident, traders are advised to approach the market cautiously. Read

Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis

8:09 AM

Stocks to Watch today, Dec 5: Honasa, M&M Fin, HCL Tech, Gulshan Polyols

HCC: Stenier AG, Switzerland , a subsidiary of the company, has entered into a Share Purchase Agreement with France-based Demathieu Bard for divestment of its entire equity interest in Steiner Construction SA, Switzerland, a step-down material subsidiary of the company.

Separately, as part of the Baharampore-Farakka Highways Ltd. (BFHL), subsidiary stake sale transaction, HCC Infrastructure Company Ltd., subsidiary of Hindustan Construction Company Ltd has received Rs110 crore from Cube Highways and Infrastructure V Pte. Ltd.

Sheela Foam: SR Batliboi & Associates LLP, statutory auditor of Kurlon Enterprise, a subsidiary of Sheela Foam, has resigned from its post on December 4, 2023 with immediate effect.

Bank of India: The stock may see some action amid reports that the state-owned bank is preparing to launch a qualified institutional placement (QIP) later this week. The QIP may be in the range of Rs 3,500-4,000 crore.

Honasa Consumer: 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. Read

8:00 AM