Stock Market Highlights | Nifty 50, Sensex end lower, led by HDFC Bank, Reliance

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#RupeeAtClose | #Rupee ends flat at 83.39/$ vs Monday’s Close Of 83.39/$ pic.twitter.com/SArF0WcNnO

— CNBC-TV18 (@CNBCTV18Live) December 12, 2023

Most Heavyweights Close Lower With HDFC, RIL, L&T Top Nifty Drags

Sensex Falls 378 Points To 69,551 & Nifty 96 Points To 20,901

Nifty Bank Down 217 Pts To 47,098, Midcap index 173 Pts To 44,556

2-wheelers (Bajaj Auto & Hero) Rise While 4-wheeler Stocks Slip Aftaer SIAM Data

ITC Closes In The Green But Off Highs Ahead Of Analyst Meet

IREDA Extends Gains, Triples From IPO Price Within 10 Days Of Listing

PI Ind Slides 10% On Rpts Of Increased Competition In Pyroxasulfone Mkt

Mankind Pharma Falls Nearly 4% After 8.7% Equity Changes Hands Via Block

Can Fin Recovers From Lows On Mgmt’s Commentary, Closes 3% Higher

HDFC Life Top Nifty Gainer, Up More Than 5% On `232 Cr Tax Demand Relief

SpiceJet Falls 5% On Q2 Results, `2,250 Cr Fund Raise Nod

Market Breadth Favours Declines, NSE Advance-Decline Ratio Stands At 1:2

Hyderabad-based infrastructure development company NCC is confident of achieving revenue growth of over 20% in the financial year 2024 with order inflow surpassing guidance of ₹26,000 crore.

Neerad Sharma, Head of Strategy at NCC told CNBC-TV18 that the revenue growth target factors in the nearly 35% growth in the past six months. The margin target for the year is set at 10%, he added.

Read more here

#CNBCTV18Market | Cummins sees a sharp fall, down more than 3% pic.twitter.com/4Gasfwz2gG

— CNBC-TV18 (@CNBCTV18Live) December 12, 2023

SpiceJet has recorded a net loss of ₹432 crore in the July to September 2023 quarter as against a profit of Rs 6.2 crore in the preceding quarter, the Indian carrier informed exchanges on December 13.

The firm has also decided to raise funds worth ₹2,250 crore via equity shares and convertible warrants.

Read more here

#2WithCNBCTV18 | @flyspicejet Q2

-Net loss at ₹449 cr vs loss of ₹833.3 cr (YoY)
-Revenue down 27% at ₹1,428.8 cr vs ₹1,954.4 cr (YoY)
-EBITDA loss at ₹443.5 cr vs loss of ₹555.4 cr (YoY) pic.twitter.com/lKD1Phldui

— CNBC-TV18 (@CNBCTV18Live) December 12, 2023

#JustIN | @flyspicejet board approves fundraise via issue of shares, warrants

▶️To issue up to 32.08 crore equity shares at Rs 50/sh

▶️To issue up to 13 crore convertible warrants at Rs 50 apiece pic.twitter.com/p736tQGIYV

— CNBC-TV18 (@CNBCTV18Live) December 12, 2023

The Board of Adani Ports and Special Economic Zone Limited on Tuesday approved issuance of Non-Convertible Debentures or NCDs worth ₹5,000 crore in one or more tranches on private placement basis.

The Adani Group entity will raise up to ₹250.2 crore through the issuance of preference shares on a private placement basis.

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#JustIn | Adani Ports board approves issuance of #NCDs worth ₹5,000 crore.

👉Company to raise up to ₹250.2 crore via issuance of preference shares on a private placement basis pic.twitter.com/KUHPvliLOU

— CNBC-TV18 (@CNBCTV18Live) December 12, 2023

The Nifty Realty index is the top loser among sectoral indices, down 1.09%.

Barring Phoenix Ltd, the remaining nine stocks in the index are in the red.

The initial public offering (IPO) of DOMS Industries will open for subscription on Wednesday, December 13. The company has fixed a price band of ₹750-790 per share for its offer.

Ahead of the issue opening, the company continues to command a healthy premium in the grey market. Last heard, shares of DOMS Industries were trading at a premium of ₹450 in the unlisted market.

Read more here