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POST MARKET
The Indian benchmark indices ended mildly negative to extend losses to the fourth day after a rangebound trading session on December 18.
At close, the Sensex was down 77.84 points or 0.09 percent at 84,481.81, and the Nifty was down 3 points or 0.01 percent at 25,815.55. About 1575 shares advanced, 2399 shares declined, and 174 shares were unchanged.
Sun Pharma, Power Grid Corp, Tata Steel, Bajaj Auto, Asian Paints were among the top losers on the Nifty, while gainers were Interglobe Aviation, Max Healthcare, TCS, Infosys, Tech Mahindra.
On the sectoral front, the realty index rose 0.3% and the IT index rose 1%, while the auto, media, pharma, oil & gas, and Capital Goods declined 0.3-1%.
Among the broader market indices, the BSE Midcap index ended flat, while the smallcap index fell 0.3%.
STOCKS TODAY
Interglobe Aviation
The shares of IndiGo-parent Interglobe Aviation jumped almost 3 percent sharply on December 18 after CEO Pieter Elbers told employees over a video message that “the worst is behind us”. This comes after the airline faced a crisis earlier this month, leading to massive cancellations and chaos.
Max Healthcare Institute
The shares of Max Healthcare Institute jumped 1.64 percent after the company announced that its board had approved the proposal to enter into a share purchase agreement for the acquisition of a 100 percent equity stake in Yerawada Properties Private Limited (YPPL), Pune, Maharashtra.
Sammaan Capital
Shares of Non-Banking Financial Company Sammaan Capital fell for the second consecutive session by 1.63 percent on December 18, as reports said that Delhi Police’s Economic Offences Wing (EoW) has registered a fresh FIR as part of its ongoing investigation linked to the former promoters of the firm.
Ola Electric Mobility
Shares of Ola Electric fell 4.38 percent to hit a fresh record low, extending their three-day losses to 16%. The electric two-wheeler manufacturer’s chief executive officer, Bhavish Aggarwal, sold another 4.2 million shares worth Rs 142 crore on December 17. On Tuesday, he had sold 2.6 million shares worth Rs 91 crore through a bulk deal.
Sun Pharmaceutical Industries
Shares of Sun Pharmaceutical Industries fell 2.62 percent to a one-month low, after the US Food and Drug Administration classified its facility in Baska, Gujarat, as ‘official action indicated’ after inspection.
Source – Money Control