Closing Bell:-With the exception of Nifty Pharma and Media, all other sectors indices finished in the green.
Closing Bell: Sensex gains 1,383 points, closed at 68,865 level: While Nifty closed at 46,431 level.
Indian Market
FII AND DII
| FII Bought | 1,589.61 Cr |
| DII Bought | 1,448.08 Cr |
Stock Market News
- The BSE Bank index is up 3%, led by Canara Bank, ICICI Bank, and Bank of Baroda:
- The Nifty is on track for its greatest day since October 2022, and the Nifty Bank is on track for its best day since April 2022.
- Thomas Cook shares are up 5% after promoter Fairbridge Capital completed an OFS for Rs558 crore.
- Salasar Techno Engineering has been awarded an EPC contract of Rs 364 crore.
- Shapoorji Pallonji makes complete payment to Sterling and Wilson Renewable Energy on their indemnification claim of Rs 342.87 crore.
- BlackRock boosts its stake in Suzlon Energy to more over 5%.
- RSWM to acquire Ginni Filaments’ spinning, knitting, and processing operations for Rs 160 crore.
- Bajel Projects bags PowerGrid Energy Services has signed a deal of Rs 142 crore.
- Ashish Kacholia purchases roughly 1% of Brand Concepts.
- Inox Wind Energy has completed an investment of Rs 800 crore in Inox Wind.
- TVS Srichakra receives a tax demand notice for Rs 11.02 crore from the Mumbai Principal Commissioner of Customs.
- Salasar Techno Engineering increased by 3% after receiving a Rs 364-crore EPC contract.
- BCL Industries has been chosen to deliver ethanol to OMCs in the amount of Rs 561 crore.
- MMRDA grants LoA to J Kumar Infraprojects for a project valued Rs 378.70 crore.
- Kalpataru Projects receives orders of Rs 2,263 crore.
- Singapore is impenetrable. For GBP 1 million, Pte will combine with Zensar Tech (Singapore) Pte.
- Kross files draft documents with Sebi in order to raise Rs 500 crore through an IPO.
- Siemens AG will purchase an 18% share in Siemens India at a 21% discount.
- CAMS Large Trade | CNBC-TV18 reported that 90 lakh shares (19 percent equity) changed hands in a block deal window.
- Bharti Telecom increases its share in Bharti Airtel to 39.7% with an investment of Rs 8,301 crore.
- According to Eicher Motors, Royal Enfield sales increased 13% year on year in November to 80,251 units.
- According to Maruti Suzuki, total production fell 3.3% year on year in November.
- Hero MotoCorp reported a 25.6% year-on-year increase in November sales to 4.91 lakh units.
| SENSEX | 1,383.93 | +2.05% |
68,865.12 |
| NIFTY50 | 418.90 | +2.07% | 20,686.80 |
| BANK NIFTY | 1,617.20 | +3.61% | 46,431.40 |
INDIAN MARKET MOVERS
Eicher Motors |
289.15 7.43 % | HDFC Life | -7.20 -1.06 % |
| Adani Enterpris | 168.50 7.13% | Britannia | -33.00 -0.66% |
| Adani Ports | 50.85 6.14% | Wipro | -0.20 -0.05 % |
| BPCL | 23.50 5.37% | Titan Company | -1.10 -0.03% |
| ICICI Bank | 44.50 4.70% | Sun Pharma | -0.10 -0.01% |
News Updates
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Siemens AG will buy 18% share in Siemens at 21% discount in inter-se transfer
Siemens on December 1 announced Siemens AG (Siemens Aktiengesellschaft, Germany) will buy an 18 percent ownership in the company from Siemens Energy Holding BV for a price of Rs 2952.86 per share, which is a reduction of 21.32 percent to the latest closing price.The buyer would acquire 6,41,01,646 shares in the company and so the value of the deal will be Rs 18,928 crore.The action follows an earlier announcement when Siemens AG announced it sought to engage into a share purchase agreement with Siemens Energy to acquire the shareholding in its Indian affiliate. The purchase consideration was fixed at €2.1 billion.
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India’s foreign exchange reserves surge $2.538 billion to $597.935 billion
India’s foreign exchange reserves grew $2.538 billion to $597.935 billion for the week ended November 24, the Reserve Bank reported on Friday. In the previous reporting week, the aggregate reserves had surged $5.077 billion to $595.397 billion.For the week ended November 24, the foreign currency assets, a major component of the reserves, increased $2.14 billion to $528.531 billion, as per the figures from the Reserve Bank of India (RBI). Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves were up $296 million to $46.338 billion during the week, the RBI said.
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Bharti Telecom grows stake in Bharti Airtel with Rs 8,301 crore investment; expands shares to 39.7%
Bharti Telecom, the promoter of Bharti Airtel, has bought an additional 1.35 percent interest in the country’s second-largest telecom services provider for Rs 8,301 crore through an open market deal. The company purchased over 8.11 crore shares, equivalent to a 1.35 percent ownership in Bharti Airtel, at an average price of Rs 1,023 per share. Indian Continent Investment Ltd also offloaded the same amount of shares at the same price. As of the end of the September quarter, Bharti Telecom owned 38.35% of Bharti Airtel, while Indian Continent Investment Ltd maintained a 5.93% investment.
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Kross files draft papers with Sebi to raise Rs 500 crore via IPO
Trailer axle and suspension assembly manufacturing company Kross has filed draft documents with the capital markets regulator to earn Rs 500 crore through an initial public offering.The IPO is a mix of a fresh issuance of shares worth Rs 250 crore by the company and an offer-for-sale (OFS) of shares worth Rs 250 crore by foundersPomoters Sudhir Rai and Anita Rai will be selling shares worth Rs 168 crore and Rs 82 crore respectively in the OFS.The Jharkhand-based forged and machined components maker may potentially contemplate fundraising of Rs 50 crore via pre-IPO placement. If the stated pre-IPO placement is completed, the fresh issue size will be decreased to the extent of Rs 50 crore.
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Force Motors announces August production of 3,032 automobiles.
Power Mech Projects climbs more than 2% after receiving a Rs 625 crore order.
Hitachi Energy India rises nearly 4% after receiving an order.
Quant Mutual Fund invests Rs 86 crore in JM Financial, while Valiant Mauritius Partners sells 0.8% of its holding.
Baring Private Equity sells Rs 34.7 crore in PG Electroplast shares.
Small Cap World Fund and New World Fund sell Rs 884.43 crore in Shriram Finance shares.
Nazara Technologies will offer 57.42 lakh preferential shares to SBI Funds at Rs 714 per share.
Cochin Shipyard Large Trade | According to CNBC-TV18, 8.6 lakh shares (0.7 percent e
Data from China | Exports were down 8.8% in August, while imports were down 7.3% year on year.
Indian Railways awards Responsive Industries a contract for the Garib Rath Initiative.
CNBC-TV18 reported that Bikaji Foods International Large Trade | 14.1 lakh shares (0.6 percent equity) worth Rs 71.3 crore change hands at Rs 507 per share.
PVR INOX stock rises as SRK’s ‘Jawan’ hits theaters, and the industry anticipates a blockbuster opening.
L&T rises on rumours of a possible order from Saudi Aramco for a gas project.
Varroc Engineering to acquire a 26% share in AMP Energy SPVs TCS forms strategic cooperation with JLR’s digital unit
Tata Motors August Auto Sales | JLR UK sales are down 23.6% year on year at 1,479 units versus 1,935 units.
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