Closing Bell : Record run continues; Nifty around 20,950, Sensex above 69,600. Dec-06

Closing Bell

BSE midcap and Smallcap indices ended marginally higher.

 Indian Market 

FII AND DII 

Stock Market News

1. 1. The BSE Bank index fell 0.5 percent, weighed down by AU Small Finance Bank, ICICI Bank, and Federal Bank:
   2. Prestige Estate, Sobha, and Brigade Enterprises brought down the BSE Realty index by 0.4 percent:
   3. Adani Group stock has more than doubled investors’ wealth in the just seven days.
   4. Between April and September, India’s coal imports fell 5% to 125.21 MT.
   5. AMIC Forging stock debuts on the BSE SME at a 99% premium to the IPO price.
   6. The Singapore government has purchased Rs 282.75 crore in Sapphire Foods.
   7. Swan Energy shares were purchased for Rs 157.32 crore by SBI Life Insurance Company and Societe Generale.
   8. Ashok Leyland invests Rs 662.5 crore in equity shares in Optare Plc, UK.
   9. Snowman Logistics is acquired by Gateway Distriparks for 8.5 lakh shares.
   10. TPG Asia sells Rs 190 crore in Shriram Properties shares.
   11. Angel One reaches a 52-week high as its client base increases by 51% in November.
   12. In November, Force Motors sold 2216 units.
   13. Techknowgreen Solutions receives a work order for Rs 18 crore.
   14. Axiscades Technologies buys out Epcogen completely.
   15. SBI will purchase SBI Capital’s 20% interest in SBI Pension Funds.
   16. Deepak Chemtex stock is listed on the BSE SME at a 99.5% premium to its IPO price.
   17. Gold rises as the dollar falls, as investors await US job data.
   18. Hero MotoCorp and Ather Energy have joined together to accelerate the EV charging ecosystem.
   19. Zydus Lifesciences receives the final USFDA approval for Methylene Blue Injection.
   20. Oberoi Realty has recorded a conveyance deed for a land parcel in Thane, Maharashtra.
   21. Lloyds Enterprises’ board of directors approved a Rs 110 crore investment in Lloyds Realty Developers.
   22. The Kajaria Ceramics JV venture has been approved for a loan of Rs 218 crore in Nepalese rupees.

 INDIAN MARKET MOVERS 

News Updates

• SBI to purchase 20 percent share in SBI Pension Funds held by SBI Capitals

  State Bank of India declared its plan to purchase a 20 percent share in SBI Pension Funds. SBI proposes to buy the 20 percent stake in SBI Pension Funds held by SBI Capital Markets.

  SBI already owns a 60 percent stake in SBI Pension Funds. With this new deal, the business will control an 80 percent interest in SBI Pension Funds. SBI will make the transaction for 229.52 crore. SBI Funds Management has the rest of the 20 percent ownership in SBI Pension Funds.As of October 30, 2023, SBI Pension Funds has an AUM of Rs 3.83 lakh crore and PAT of Rs 35.03 crore.

  SBI in the regulatory announcement has said that the central bank RBI and the Pension Fund Regulatory and Development Authority (PFRDA) have authorised the proposed transaction. They also noted that the proposed transaction is being done at a “arm’s length basis which is based on the valuation report of Deloitte Touche Tohmatsu India.”

   

• US job vacancies fall to lowest level since March 2021 as labor market cools

  US firms advertised 8.7 million job postings in October, the fewest since March 2021, in a sign that hiring is softening in the face of increased interest rates yet continues at a still-healthy pace.The Labor Department’s data indicated Tuesday that openings were down considerably from 9.4 million in September.Layoffs were up marginally in October. And the number of Americans who resigned their jobs which often signals confidence in their potential to obtain better income or working conditions elsewhere was down significantly.Despite falling in October, job opportunities remain at historically high levels. They have now exceeded 8 million for 32 straight months a milestone they had never attained before 2021.

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Read more Checkingell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell latest news  fClosing Bell tyClosing Bell above 19,700, Sensex up 385 points; gains in capital goods, real estate, and banks

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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