Stock Market Recap: Mixed Performances Across Sectors, IPO Buzz, and Market Movers
The stock market witnessed a mixed bag of performances yesterday, with certain sectors gaining ground while others faced declines. Here’s a breakdown of the key highlights from yesterday’s trading session:
Table of Contents
Sector Performances
Winners: Media and Pharma
Media and pharma sector stocks emerged as the frontrunners, experiencing notable gains throughout the day.
Losers: Realty and PSU Banks
On the flip side, realty and PSU bank stocks faced a downturn, marking the most significant declines in yesterday’s session.
Asian Markets
With the exception of Taiwan, all other Asian markets closed in the red, reflecting a broader trend in the region.
Key Economic Indicators
Natural Gas Consumption
Domestic natural gas consumption showed a robust growth of 6% year-on-year in November, signaling increased demand.
Commercial Coal Mines Auction
The Indian government is set to launch the 9th round of commercial coal mines auction on December 20, offering approximately 26 blocks to potential bidders.
Sugar Production
India’s sugar production until December 15 witnessed a 10% decline compared to the same period last year, totaling 74.05 lakh tonnes.
Investment in PLI Schemes
The government received 746 applications for investments amounting to Rs 3.65 lakh crore across 14 PLI schemes.
NHAI’s TOT Bundles
The National Highways Authority of India (NHAI) granted toll, operate, and transfer (TOT) bundles 13 and 14, covering a total length of 273 km, for Rs 9,384 crore.
Stock News
TCS and SIX Partnership
Tata Consultancy Services (TCS) partnered with Switzerland’s SIX to modernize the Swiss Post Trade market infrastructure.
NBCC’s Consultancy Orders
NBCC secured two consultancy work orders valued at Rs 180 crore.
Vedanta’s Dividend Declaration
Vedanta declared a second interim dividend of Rs 11 per share.
Ambuja Cements’ Renewable Power Project
Ambuja Cements plans to invest Rs 6,000 crore in constructing a 1,000-megawatt renewable power project.
IRB Infra’s Toll and Maintenance Order
IRB Infrastructure received an order for toll and maintenance of Kota Bypass and Cable Stay Bridge on NH-76 and Gwalior-Jhansi section on NH-44 for Rs 1,683 crore.
Mazagon Dock’s Shipbuilding Contracts
Mazagon Dock signed shipbuilding contracts with a European client, totaling around $42 million.
Devyani International’s Expansion Plans
Devyani International is considering the acquisition of 274 KFC restaurants in Thailand.
IPO Corner
Subscription Details (As of Yesterday):
- Inox India: Overall: 61.28 times, Retail: 15.30 times.
- Motisons Jewellers: Overall: 15.02 times, Retail: 22.24 times.
- Suraj Estate Developers: Overall: 0.72 times, Retail: 1.24 times.
- Muthoot Microfin: Overall: 0.83 times, Retail: 1.38 times.
Upcoming IPOs (Open from Dec 19-21):
- Happy Forgings: Price band: Rs 808 to Rs 850, Issue size: Rs 400 crore.
- RBZ Jewellers: Price band: Rs 95 to Rs 100, Issue size: Rs 100 crore.
- Credo Brands Marketing: Price band: Rs 266 to Rs 280, Issue size: Rs 549.78 crore.
Market Movers
Top Gainers (Nifty 50):
- Bajaj Auto: ₹6,465.70, ▲ 3.04%
- Hindalco: ₹566.40, ▲ 1.64%
- Adani Ports: ₹1,094.30, ▲ 1.46%
- Sun Pharma: ₹623.65, ▲ 3.94%
- Reliance: ₹2,521.00, ▲ 1.02%
Top Losers (Nifty 50):
- Power Grid: ₹231.85, ▼ 2.32%
- ICICI Bank: ₹1,021.45, ▼ 1.54%
- ITC: ₹451.65, ▼ 1.43%
- JSW Steel: ₹854.90, ▼ 1.42%
- Tech Mahindra: ₹1,291.75, ▼ 1.10%
1 Day Change
- 🥇 Gold: ₹62,070, ▲ 1.4%
- 🥄 Silver: ₹74,496, ▲ 3.88%
- 💲 USD-INR: ₹83.06/USD, ▲ 0.07%
- 🇺🇸 Dow Jones: 37,305.1, ▲ 0.15%
- 🇺🇸 Nasdaq: 14,813.92, ▲ 0.35%
Long-Term Returns Past 20 Years
- Sensex: 13.72% per annum
- Nifty: 13.32% per annum
- Dow Jones: 6.79% per annum
- Nasdaq: 10.76% per annum
In summary, the market exhibited diverse movements across sectors, with notable developments in economic indicators, stock news, IPO subscriptions, and market movers shaping the overall landscape. Investors will be closely watching these trends as they navigate the dynamic market environment.
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