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POST MARKET
The Indian benchmark indices ended with marginal losses and extended the losing streak for the fourth consecutive session on December 3 as sustained foreign fund outflows and a record-low rupee weighed on investor sentiment.
At close, the Sensex was down 31.46 points or 0.04 percent at 85,106.81, and the Nifty was down 46.20 points or 0.18 percent at 25,986.00. About 1436 shares advanced, 2553 shares declined, and 144 shares unchanged.
On the sectoral front, IT, media, private bank, Telecom rose 0.2-0.6 percent, while PSU Bank shed 3%, and oil & gas, metal, power, PSU, capital goods, consumer durables down 0.5-1.5%.
Max Healthcare, Shriram Finance, Bharat Electronics, Interglobe Aviation, Tata Consumer were among major losers on the Nifty, while gainers were Wipro, Hindalco Industries, TCS, Axis Bank and ICICI Bank.
Among the broader market indices, the BSE Midcap index shed 1% and smallcap index declined 0.4%.
STOCKS TODAY
Chalet Hotels
The shares of Chalet Hotels jumped almost 3.9 percent after the company announced that it is launching luxury brand ‘Athiva Hotels & Resorts’, which is described as a “new-age premium lifestyle hospitality brand, built on the pillars of joy, wellness and sustainability”.
Angel One
Angel One shares fell almost 5.5 percent on December 3 as the company’s gross client acquisition in November fell 17% year-on-yearto 500,000, but the client base increased almost 22% from the year-ago period to 35.08 million.
Vodafone Idea
The shares of Vodafone Idea jumped 4.34 percent, extending significant gains for the second consecutive session after Union Telecom Minister Jyotiraditya Scindia said that the Centre may finalise the telecom company’s AGR relief recommendations in the coming weeks.
RPP Infra Projects
RPP Infra Projects shares climbed over 2.5 percent after the company said it had secured a fresh order in Tamil Nadu. The company announced that it had received a Rs 26-crore contract from the Office of the Superintending Engineer (Highways), Construction and Maintenance, Tiruvannamalai Circle, Tamil Nadu.
JSW Steel
JSW Steel shares fell over 1.5 percent after JFE Steel announced that it will form 50:50 joint venture with JSW Steel for transfer of Bhushan Power & Steel integrated steel facility. JFE will invest Rs 15,750 crore (270 billion yen) in JV for transfer of BPSL integrated steel facility.
Source – Money Control