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Market At Close | Expert View On Today's Session
“India’s domestic industrial production and manufacturing PMI exceeded expectations, a clear reflection of the continuation of economic growth in H2FY24. However, a simultaneous challenge emerges as retail inflation stands at 5.5%, still much above the RBI’s 4% target. This inflationary pressure, driven by high food inflation and the looming spectre of El Niño, is poised to persist. The market’s focus now shifts to the upcoming FOMC meeting. And the recent global upside is getting far stretched in anticipation of a rapid fall in US Fed rate in CY2024,” says Vinod Nair, Head of Research at Geojit Financial Services.
Market At Close | Nifty 50 Recovers From Lows, Ends Above 20,900
Sensex Rises 34 Points To 69,584 & Nifty 26 Points To 20,932
Nifty Bank Falls 5 Pts To 47,092, Midcap Index Rises 391 Pts To 44,947
IT Stocks Weigh On Market As Investors Remain Cautious Ahead Of FOMC Decision
REC, PFC Hit Record Highs, Top Midcap Gainers, Rise Up To 9% Higher
M&M Ends Up 2% Higher On Plans To Invest `525 Cr In Classic Legends
PI Ind Ends In The Red But Off Lows After Co Retains FY24 Growth Guidance
Axis Bank Ends More Than 1% Lower After 3.09 Cr Shares Change Hands Via Block
GMR Airports Surges 5% With Healthy Volumes To Hit Multi-year Highs
Nifty Realty Hits Record High, Prestige Estates Up Nearly 6%
IndiGo Hits Record High Intra-day, Ends Nearly 2% Higher
Positive Brokerage Note Lifts NMDC, Stock Closes 4% Higher
Market Breadth Favours Advances, NSE Advance-Decline Ratio Stands At 1:2
Stock Market LIVE Updates | MOIL To Form Joint Venture With Gujarat Mineral Corporation For Manganese Ore Mining In Gujarat
Stock Market LIVE Updates | Granules India Receives USFDA Nod For Acid Reflux Treatment Tablets
Granules India announced on Wednesday, December 13, that it has received approval for the Pantoprazole Sodium delayed-release tablets from the United States Food and Drug Administration (USFDA). The drug is used for treating damage from Gastroesophageal Reflux diseases.
The US drug regulator has approved the company’s Abbreviated New Drug Application (ANDA) for Pantoprazole Sodium Delayed-Release Tablets in the dosages of 20mg and 40mg, Granules India said in a filing to the stock exchanges.
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a couple of stock recommendations by Soni Patnaik of JM Financial Services:
– Buy Bank of Baroda at if it is able to cross and breakout the resistance of ₹220 enter the stock at a target of Rs 240 to 245 with a stop loss of Rs 210
– Buy GAIL at a target of Rs 155 with a stop loss of Rs 134
Stock Market LIVE Updates | SBI Recovers From Intra-Day Lows
Stock Market LIVE Updates | Sundaram Fasteners: Tamil Nadu Government Approves Application Submitted Under State Incentive Schemes
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a couple of stock recommendations by technical analyst Mitessh Thakkar:
– Buy Aurobindo Pharma at a target of Rs 1,070 with a stop loss of Rs 1,018
– Buy Nazara Tech at a target of Rs 940 with a stop loss of Rs 815
Stock Market LIVE Updates | IndiGo At Record High
IndiGo shares hit their record high of Rs 3,007 apiece, earlier in trade today.
Stock Market LIVE Updates | Cash Can Only Solve A Part Of SpiceJet's Problems
Shares of SpiceJet were under pressure in Wednesday’s trade after the low-cost carrier reported a ₹431 crore loss for the September quarter.
The stock also got a bump up from a sharp fall in crude oil prices. Jet fuel alone accounts for 40% of an airline’s operational cost.
Stock Market LIVE Updates | Top Stocks To Buy/Sell
Here are a couple of stock recommendations by Aditya Agarwala of Invest4edu:
– Sell Maruti Suzuki at a target of Rs 10,000 with a stop loss of Rs 10,500
– Buy Kotak Mahindra Bank at a target of Rs 1,880-1,900 with a stop loss of Rs 1,790
Stock Market LIVE Updates | Strides Pharma Hits 52-Week High
Strides Pharma shares are in the green for the fourth day today, up 4.9%.
The stock hit its 52-week high of Rs 577.4, earlier today.
It has gained 61% this year, so far.
Stock Market LIVE Updates | Ashok Leyland Shares Gain 3$ After Unveiling AL H6 Enging At EXCON 2023
Leading commercial vehicle manufacturer Ashok Leyland shares gained nearly 3% on Wednesday after the company unveiled the AL H6 Diesel – CEV Stage V engine at EXCON 2023 in Bengaluru.
The company unveiled its new diesel engine along with other innovative products showcasing its versatility for various applications.
Stock Market LIVE Updates | External Investors And M&M To Invest Rs 575 Crore Over A Couple Of Years In Classic Legends
Stock Market LIVE Updates | Ilumetri, Drug Used To Treat Moderate To Severe Plaque Psoriasis, Has Now Been Included In Category B Of China's National Reimbursement Drug List, Says Sun Pharma
Stock Market LIVE Updates | Timken India Snaps 5-Day Winning Streak
The shares of Timken India are trading 0.6% lower, after gaining for five trading sessions in a row. The shares have fallen in two out of the last 10 trading sessions, and are down 0.3% in 2023 so far.
Stock Market LIVE Updates | Indian Bank Shares Snap Two-Day Gaining Streak
The shares of Indian Bank are trading 1.4% lower in the trade on Wednesday. The shares snapped a two-day gaining steak, and have now fallen in three out of the last 10 trading sessions. The lender launched its qualified institutional placement (QIP) to raise up to ₹4,000 crore on December 12.
Stock Market LIVE Updates | This Multibagger Stock Is Up Another 10% With New Orders To Make Smart Meters
HPL Electric shares were trading nearly 10% higher on December 13, after the company said it had won smart meter orders worth ₹545 crore.
Read more here
Stock Market LIVE Updates | Titagarh Rail Systems Raises Rs 700 Crore Via Issue Of Shares To Qualified Institutional Buyers
Titagarh Rail Systems said on Wednesday that it has raised ₹699.9 crore by issuing fresh shares to qualified institutional buyers.
The issue of Titagarh Rail Systems Ltd (TRSL), formerly known as Titagarh Wagons, opened on December 7 and closed on Tuesday.
Stock Market LIVE Updates | IREDA Extends Gains For Sixth Day
IREDA shares are in the green for the sixth day today, up nearly 10%.
Stock Market LIVE Updates | Warburg Pincus Likely To Sell A Slice Of Fusin Micro Via Block Deal: Sources
Stock Market LIVE Updates | Inox India IPO: What GMP Signals Ahead Of Issue Launch On Thursday
The initial public offering (IPO) of Inox India Limited (Inox India) will open for subscription on Thursday, December 14. Ahead of the issue opening, the company’s shares are trading at a premium of ₹336, up from ₹262 a few days ago.
The GMP is more than 50% higher compared with the upper price band of ₹660.
Stock Market LIVE Updates | Coforge, TCS, And Infosys Are Top Losers On A Bad Day For IT Stocks
Indian IT stocks are one of the top contributors in dragging the Nifty 50 down from a record high to 20,800 and the Sensex losing over 300 points on Wednesday (December 13).
Three out of five top Nifty 50 losers, TCS, Infosys and LTIMindtree, are technology stocks. While there’s no clear news trigger for the fall in these stocks, some market participants attribute the nervousness to the impending outcome of the interest rate decision from the US Federal Reserve.
Stock Market LIVE Updates | HPL Electric Bags Smart Meter Orders Worth Rs 545 Crore From Various Customers
Stock Market LIVE Updates | Granules India Receives USFDA ANDA Approval For Drug Used To Treat Damage From Gastroesophageal Reflux Damage
Stock Market LIVE Updates | PI Industries Recovers From Lows
Stock Market LIVE Updates | IndiGo Shares Are Up For 12th Day In A Row
The shares of InterGlobe Aviation, the parent company of IndiGo airlines, are trading in the green for the twelfth straight day on December 13. This is the longest gaining streak for India’s largest airline operator — accounts for more than half of India’s air passenger traffic — since its listing in November 2015.
Read more here
Stock Market LIVE Updates | Ashok Leyland In Focus
Stock Market LIVE Updates | Mahindra And Mahindra Will Take Over A Solar Projects Developer Within The Group For Rs 288 Crore
Mahindra and Mahindra’s board of directors approved the acquisition of 58.64 lakh equity shares of Emergent Solren, an arm of Mahindra Holdings Ltd, for ₹288 crore.
Following the completion of the transaction, the stake of Mahindra Holdings Ltd (MHL) in Emergent Solren Pvt Ltd (ESPL), a solar projects developer, would become nil, while M&M would hold 60.01% of the stake in ESPL.