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Benchmark indices Nifty and Sensex trimmed the day’s gains to trade marginally higher
2 percent gains were seen in Nifty Auto, Nifty IT, Nifty Metal, and Nifty Pharma indices, while Nifty Bank and Nifty PSU Bank indices saw losses of up to 0.7 percent.
Wipro, HCL Technologies, Hero MotoCorp, Tata Motors, and Maruti are among the top gainers on the Nifty, while losers are Grasim, Bajaj Finance, SBI Life Insurance, ICICI Bank, and HDFC Life.
The BSE Midcap index rose 0.7% and Smallcap 1%.
The rupee rose 12 paise higher settling at 83.15 per U.S dollar
stock today
Azad Engineering IPO: The initial public offering (IPO) of Azad Engineering Limited opened for subscription on 20th December 2023 and remained open for bidding and closed today. The subscription status after two days of bidding, the public issue has received a strong response from investors.
IIFL Finance: The block deal worth Rs 1,358 crore resulted in a 7 percent slump today.CNBC-TV18 reported that private equity firm Fairfax sold a little over 5.2 percent equity in today’s block deal.
GMR Airports Limited: Shares of GMR Airport Infrastructure gained 2 percent after the company announced that its subsidiary GMR Airports Limited had agreed with NIIF to develop and operate the Bhogapuram International Airport.
Pharma stocks: The pharma and diagnostic companies stock rallies amid rise in Covid cases. The Nifty Pharma index surged over 1 percent to hit a 52-week high.
BEL Industries: BEL shares gained 1 percent intraday today after the company received Rs 2,673 crore of orders from Goa Shipyard and Garden Reach Shipbuilders & Engineers. The orders placed are for the supply of 14 types of sensors for use on Next Generation Offshore Patrol Vessels (NGOPV).
Medplus Health Services: Shares of Medplus Health Services lost 2 percent after the Drugs Control Administration of Telangana suspended the license of a subsidiary company for five days. The suspension came for violation of various conditions of licenses by Medplus Health Services subsidiary, according to a regulatory filing with the exchanges.
RailTel Corporation of India: The company shares rallied over 3 percent on December 22 after the company received a Rs 66.83-crore work order from NF Railway Construction.