Closing bell:- BPCL, Apollo Hospitals, Maruti Suzuki, Sun Pharma, and Eicher Motors were the biggest losers, while HDFC Life, UltraTech Cement, Bajaj Auto, SBI Life Insurance, and Axis Bank were the biggest winners.
Closing bell
Indian market news
Fii and Dii data
| Fii Bought | 1,261.13 Cr |
| Dii Sold | 1,032.92 Cr |
Indian market news
- The Nifty Bank index fell 0.5 percent, weighed down by IndusInd Bank, Kotak Mahindra Bank, and HDFC Bank:
- The BSE Metal index rose 0.5 percent, led by Jindal Steel, Hindalco Industries, and JSW Steel:
- Sejal Glass’ initial public offering (IPO) will begin on December 12, with a floor price of Rs 225 per share.
- At EXCON 2023, Tata Motors Unveils Cutting-Edge Mobility Solutions
- Happy Forgings’ initial public offering (IPO) on December 19 includes a Rs 400 crore new issue component.
- India has surpassed Hong Kong to become the world’s seventh largest stock exchange.
- Coal India’s capital rises to Rs 10,492 crore in the April-November fiscal year.
- M&M reported a 13.4% increase in output and a 24.6% increase in sales year on year in November.
- Happy Forgings’ initial public offering (IPO) on December 19 includes a Rs 400 crore new issue component.
- Adani Ports’ board of directors has approved the issue of NCDs of Rs 5,000 crore.
- Mishra Dhatu receives an order of Rs 357 crore.
- JTEKT Brasil awards Jtekt India a fresh order of Rs 182.7 crore.
- Yes Bank is looking for a bidder for its Rs 4,200 crore business and retail impaired loan book.
- Thermax Arm receives an order worth more than Rs 500 crore to build five bio-CNG facilities.
- M&M reported a 13.4% increase in output and a 24.6% increase in sales year on year in November.
- RVNL earns 2% when a joint venture wins the Rs 543-crore Indore Metro Rail project.
- CNBC-TV18 reported that 3.5 crore shares (8.7% equity) worth Rs 6,395 crore changed hands in a block trade at Mankind Pharma.
- After Nilanjan Roy’s retirement, Infosys hires Jayesh Sanghrajka as Chief Financial Officer.
- J&K Bank raises Rs 750 crore through a QIP, and the board accepts the issue price.
- Ola Electric will file a DRHP with SEBI by December 20, with the goal of raising $700 million through an IPO.
| Sensex | -392.02 | -0.56% | 69,536.51 |
| Nifty 50 | -94.40 | -0.45% | 20,902.70 |
| Nifty Bank | -280.20 | -0.59% | 47,034.05 |
Market Movers
| HDFC Life | 34.60 5.14% | BPCL | -17.75 -3.81% |
| UltraTechCement | 203.80 2.11% | Apollo Hospital | -113.90 -2.05% |
| Bajaj Auto | 105.60 1.72% | Maruti Suzuki | -203.60 -1.93% |
| SBI Life Insura | 24.40 1.67% | Eicher Motors | -76.55 -1.90% |
| Axis Bank | 14.50 1.30% | Sun Pharma | -23.05 -1.86% |
News updates
TCS buyback acceptance percentage at 35%, better than prior time
Tata Consultancy Services (TCS) has decided the acceptance percentage of its buyback issue at roughly 35 percent, some investors who tendered their shares claimed.
The acceptance ratio refers to several shares accepted to be bought by the corporation against the number of tendered shares. The ratio was 24 percent during the 2022 buyback.
For small shareholders, the ratio of repurchase (i.e. eligible number of shares to be tendered for the number of shares owned) was fixed at one share for every six shares held as of the record date. For other stockholders, it was two shares for every 209 shares held by them.
The company planned to buyback 4.09 crore shares at Rs 4,150 apiece and received bids for 26 crore shares.
SpiceJet board meet to examine fundraising and Q2FY24 results adjourned till Dec 12
SpiceJet, once India’s second-largest carrier by market share, said that it has pushed out the board meeting to examine fundraising and Q2FY24 results to December 12. The airline was set to declare its Q2FY24 results on December 11.
Sterling & Wilson Renewable Energy publishes QIP; floor price at Rs 365.02 per share
Sterling and Wilson Renewable Energy Limited on December 11 announced the opening of a qualified institutional placement (QIP) issuance.
The Securities Issuance Committee agreed a floor price for the offer at Rs 365.02 per share following the computation stipulated by the Securities and Exchange Board of India, the business said.
Additionally, the worldwide pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider may consider granting a reduction of up to 5 percent on the floor price. A meeting is scheduled to establish the issuance price of the equity shares, it stated.
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TCS buyback acceptance percentage at 35%, better than prior time
Tata Consultancy Services (TCS) has decided the acceptance percentage of its buyback issue at roughly 35 percent, some investors who tendered their shares claimed.
The acceptance ratio refers to several shares accepted to be bought by the corporation against the number of tendered shares. The ratio was 24 percent during the 2022 buyback.
For small shareholders, the ratio of repurchase (i.e. eligible number of shares to be tendered for the number of shares owned) was fixed at one share for every six shares held as of the record date. For other stockholders, it was two shares for every 209 shares held by them.
The company planned to buyback 4.09 crore shares at Rs 4,150 apiece and received bids for 26 crore shares.
SpiceJet board meet to examine fundraising and Q2FY24 results adjourned till Dec 12
SpiceJet, once India’s second-largest carrier by market share, said that it has pushed out the board meeting to examine fundraising and Q2FY24 results to December 12. The airline was set to declare its Q2FY24 results on December 11.
Sterling & Wilson Renewable Energy publishes QIP; floor price at Rs 365.02 per share
Sterling and Wilson Renewable Energy Limited on December 11 announced the opening of a qualified institutional placement (QIP) issuance.
The Securities Issuance Committee agreed a floor price for the offer at Rs 365.02 per share following the computation stipulated by the Securities and Exchange Board of India, the business said.
Additionally, the worldwide pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider may consider granting a reduction of up to 5 percent on the floor price. A meeting is scheduled to establish the issuance price of the equity shares, it stated.