Stock Market Overview: A Mixed Day on the Trading Floor
The Stock markets kicked off the day on a positive note, opening higher than yesterday’s closing point. However, as the day progressed, Nifty 50 witnessed a downward trend in the afternoon. Despite the dip, it managed to stay above the previous day’s closing point, showcasing a resilient performance.
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Global Market Recap: A Sea of Red in Europe, Mixed Signals in Asia
While Nifty 50 faced a dip, all European markets experienced losses. Meanwhile, Asian markets showed a mixed trend, adding an element of uncertainty to the global market scenario.
Top Gainers: Nifty 50 Shines Amidst Volatility
Nifty 50’s top gainers for the day included:
- Hero Moto: Rs 4,112.50, ▲ 2.57%
- Adani Ports: Rs 1,197.10, ▲ 2.42%
- Apollo Hospitals: Rs 5,797.65, ▲ 2.04%
- SBI Life: Rs 1,449.35, ▲ 1.99%
- Adani Enterprises: Rs 3,014.60, ▲ 1.72%
Top Losers: Britannia Takes a Hit
Nifty 50’s top losers for the day were:
- Britannia: Rs 5,122.40, ▼ 1.06%
- Nestle: Rs 2,592.60, ▼ 1.02%
- Asian Paints: Rs 3,267.50, ▼ 0.94%
- Bajaj Finserv: Rs 1,682.45, ▼ 0.82%
- HDFC Bank: Rs 1,650.50, ▼ 0.78%
Corporate Highlights: Key Developments Shaping the Business Landscape
- Apple: A media report reveals that Apple produced iPhones worth over Rs 1 lakh crore in India last year.
- Tata Starbucks: Plans to expand its presence to 1,000 stores by 2028 from the present 390.
- Renault: Announces plans to launch 5 products in India over the next 3 years.
- Sony Pictures Networks India: Extends exclusive media rights deal with UFC for 5 years till 2028 in various South Asian countries.
- Fino Payments Bank: Reportedly applies for a small finance bank license.
Stocks in Focus: Key Moves by Corporates
Some notable stock-related developments include:
- Bajaj Auto: Approves a Rs 4,000 crore share buyback at a price of Rs 10,000 per share.
- Brigade Enterprises: Signs an agreement to invest over Rs 3,400 crore to set up residential and commercial buildings.
- IRB Infra: Records a 26% YoY increase, collecting Rs 488 crore in toll in December.
- Adani Ports: Raises Rs 500 crore by issuing non-convertible debentures on a private-placement basis.
- JSW Steel: Reports a 12% YoY rise in consolidated crude steel production to 6.87 million tonnes in Oct-Dec period.
- Gensol Engineering: To invest Rs 2,000 crore to set up an EV manufacturing plant in Gujarat.
- Bharat Forge: Signs an agreement with the Tamil Nadu government to invest Rs 1,000 crore over a period of 5 years.
IPO Corner: Jyoti CNC Draws Investor Interest
Jyoti CNC sees robust subscription rates, with an overall subscription of 2.51 times and a retail subscription of 8.25 times.
One Day Changes and Long-Term Returns: A Snapshot
1 Day Change:
- Gold: ₹62,337, ▲ 0.56%
- Silver: ₹72,526, ▲ 0.66%
- USD-INR: ₹83.16/USD, ▼ 0.00%
- Dow Jones: 37,683.01, ▲ 0.58%
- Nasdaq: 14,843.77, ▲ 2.20%
Long Term Returns (Past 20 years):
- Sensex (India): ▲ 13.08% p.a.
- Nifty (India): ▲ 12.70% p.a.
- Dow Jones (USA): ▲ 6.55% p.a.
- Nasdaq (USA): ▲ 10.27% p.a.
In summary, the markets displayed resilience amidst volatility, with notable stock movements and global market fluctuations shaping the narrative for the day.
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