Closing Bell : The Nifty is at 20,250, while the Sensex is up 460 points; FMCG, power, and cars are all up. Dec-01

Closing Bell:– BSE Midcap index added 1 percent, while smallcap index up 0.4 percent.

Closing Bell: Sensex gains 458 points, closed at 67,447 level: While Nifty closed at 20,248 level.

 Indian Market 

FII AND DII 

Stock Market News

1. According to sources, GST collections for November are expected to be about Rs 1.75 lakh crore, according to CNBC-TV18.
2. The November Manufacturing PMI in India was 56, up from 55.5 in October.
3. LPG price increase: The price of a commercial LPG cylinder has increased by Rs 21.
4. The RBI will keep interest rates at 6.50% until mid-2024, with a possible decrease in Q3.
5. The budget deficit in India from April to October was Rs 8.04 lakh crore, or 45% of the target for FY24.
6. In October, India’s core sector grew by 12.1%.
7. In today’s session, the Nifty Pharma index reached a new high of 16,346.10, driven by Biocon, Sun Pharma, and Zydus Lifesciences:
8. Indian Oil plans to invest Rs919.78 crore in the deployment of 4,000 rapid EV chargers.
9. Sharika Enterprises earns 10% after receiving a Rs 61.4 crore order.
10. Profusion Investment Advisors sells Rs 560.92 crore in Timken India shares.
11. Another batch of 1.27 million NHPC shares is exchanged: Bloomberg NCC receives two orders totaling Rs 553 crore in November.
12. Dixon Technologies gains 2% when a subsidiary opens a smartphone manufacturing unit in Noida.
13. Megastar Foods’ board of directors will issue 13 lakh preferential equity shares.
14. Power Grid has been named the successful bidder for two interstate transmission system projects under the BOOT model.
15. In Andhra Pradesh, ITD Cementation receives a fresh order of Rs 1,001 crore.
16. Bharti Airtel is trading in the green, with a 1.4% share changing hands in a block deal worth Rs 8,286 crore.
17. Whirlpool Corporation plans to sell up to 24% of its stake in Whirlpool India by 2024.
18. Flair Writing Industries goes public with a 66% premium to the IPO price.
19. Tata Motors November Vehicle Sales Total sales were down 1.7% year on year, at 74,172 units versus 75,478 units.
20. TVS Motor Company November Auto Sales | Total sales increased 31 percent year on year to 3.64 lakh units from 2.77 lakh units.
21. November Auto Sales at Ashok Leyland | Total sales were down 3% year on year, at 14,053 units versus 14,561 units.
22. Maruti Suzuki November Auto Sales | Total sales increased 3% year on year to 1.64 lakh units from 1.59 lakh units.
23. Atul Auto November Auto Sales | Total sales were down 0.75% year on year at 2,270 vehicles versus 2,253 units.
24. Eicher Motors November Auto Sales | Total CV sales increased 5.9% year on year to 5,194 units from 4,903 units.
25. SML Isuzu November Auto Sales | Total sales are down 11% year on year at 647 vehicles versus 729 units.
26. VST Tillers November Auto Sales | Total power tiller and tractor sales were down 19% year on year, at 2,096 units versus 2,592 units.
27. Coal India | November production increased by 8.8% to 66 million tonnes, while offtake increased by 6.2% to 63.1 million tonnes.
28. November | NMDC YoY, production increased by 6.1 percent to 3.83 million tons from 3.16 million tons, while sales increased by 24.7 percent to 3.79 million tons from 3.04 million tons.
29. November Auto Sales at M&M | YoY, overall tractor sales increased by 5% to 32,074 units from 30,528 units, and total auto sales increased by 21% to 70,576 units from 58,303 units.
30. Bajaj Auto November Auto Sales | Total sales increased 31% year on year to 4.03 lakh units from 3.06 lakh units.
31. Escorts Kubota November Auto Sales | Total sales increased 3.7% year on year to 8,258 vehicles from 7,960 units.

     INDIAN MARKET MOVERS 

News Updates

• India’s Q2 GDP growth beyond expectations, RBI may opt a hawkish stance, say economists

  India’s Q2 GDP growth exceeded expectations, reaching 7.6% in July-September 2023, compared to 6.2% in July-September 2022. Economists predict that the Reserve Bank of India (RBI) will adopt a hawkish stance in its upcoming monetary policy committee announcement on December 8. The growth was driven by industry growth, domestic demand, and lower input costs, while the service sector showed signs of moderation. The full-year forecast is expected to be 6.5%, with the RBI expected to remain hawkish due to the strength of growth and lingering inflation risks.

   

• D-Mart’s Radhakishan Damani tops Hurun’s list of 200 self-made entrepreneurs of millennia

  Radhakishan Damani, senior investor and founder of retail chain D-Mart, heads the list of the Top 200 Self-made Entrepreneurs of the Millennia 2023, with a market valuation of Rs 2.38 lakh crore. He is followed closely by Binny Bansal and Sachin Bansal, creators of e-commerce powerhouse Flipkart, with an equity value of Rs 1.19 lakh crore, IDFC FIRST Private Hurun India’s report released on November 30 said.

   

• Tata Tech soars 3-fold from IPO price after big listing: Should you buy, sell, or hold?

  Tata Technologies made a blockbuster launch, offering at a 140 percent premium and subsequently soaring nearly three-fold the IPO price. The stock began at Rs 1,200 on the NSE and at Rs 1,199.95 on the BSE, while its issue price was Rs 500. It soared 180 percent over the IPO price to Rs 1,400 within minutes.Given the increasing potential in outsourcing, experts believe the company’s business model to continue in great demand going forward. Analysts suggest investors to retain the shares for the long term, and for those who failed to get allocation to accumulate on falls.

   

• Pawan Munjal agrees to deposit Rs 25 crore against assets seized by ED

  Hero Motorcorp’s Chariman and Managing Director (CMD) Pawan Kant Munjal on November 30 told the Delhi High Court that he was prepared to deposit Rs 25 crore against his assets provisionally seized by Enforcement Directorate (ED) earlier this month.Munjal’s lawyers Mukul Rohatgi and Dayan Krishnan delivered the testimony as the high court was hearing an application by ED demanding status quo of the assets they had attached on November 10. Rohatgi and Krishnan offered to produce a demand draft or deposit the money in a set deport.

  ED’s counsel Zoheb Hossain assured the court that he will take directions on this regard. The court has thus adjourned the hearing of the matter.The Rs 25 crore that Munjal has pledged to deposit is the purported worth of the assets the ED provisionally seized as part of a money laundering inquiry. ED’s actions against Munjal have already been stopped by the Delhi HC.

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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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