Dalal Street keeps up the momentum: positive outlook toward New Year

Nifty crosses 21,800 on final expiry of 2023; Sensex jumps 372 pts

BSE Midcap index was up 0.66 percent and smallcap index rose 0.2 percent.

Except, for Information Technology, all other sectoral indices ended in the green with FMCG, realty, oil & gas, power, and metal indices up 1-2 percent.

The Indian rupee appreciated at 83.1650 against the U.S. dollar from 83.3450 in the previous session


Shares of Housing & Urban Development Corporation (Hudco): surged 18 percent to hit a fresh record high on signing a Memorandum of Understanding (MoU) with the State Government of Gujarat. The MoU for an investment of up to Rs 14,500 crore for financing the housing and urban infrastructure projects in the western state.

Canara Bank: Shares of Canara Bank jumped over 3 percent in early trade today after the company gave an nod to initiate the listing process of its mutual fund subsidiary, Canara Robeco Asset Management Company through an initial public offering. The company will provide further details of the listing soon, the lender stated in an exchange filing.

Suzlon Energy Limited: Shares of Suzlon Energy Limited traded 4 percent higher today after the company announced winning an order for the development of a 300-MW wind power project for Apraava Energy. Suzlon will install 100 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each at the client’s site in Karnataka, the company said in the filing.

Man Industries (India): The share price of Man Industries (India) zoomed 7 percent today after the company announced successful testing of its pipes for safe hydrogen transport. The testing has been conducted by a leading European research center for hydrogen transport, ensuring structural integrity and safety for the fuel, the company said.

Oil India: Shares of Oil India had a silent start of the day on the day after the oil and gas major paid Rs 551 crore to Numaligarh Refinery against a rights issue. Oil India holds a 69.63 percent stake in Numaligarh Refinery

Swan Energy: Shares of Swan Energy fell 1 percent at the open on December 28, a day after foreign portfolio investor Hypnos Fund offloaded a 1.24 percent stake. Foreign portfolio investor Hypnos Fund sold 32,82,958 equity shares in Swan Energy through open market transactions, according to exchange data. The shares were offloaded at an average price of Rs 500.58 per share, amounting to Rs 164.33 crore.