Get App
Gift Nifty was trading around 21,680 level as against Nifty futures’ previous close of 21,754, indicating a weak start for the Indian stock market today.
The Asian markets traded lower, while the US stock market ended mixed overnight.
The S&P 500 declined 27 points, or 0.57%, while the Nasdaq Composite fell 245.41 points, or 1.63%. The Dow Jones Industrial Average ended 25.5 points, or 0.07%, higher.
Japan’s markets are closed until January 4 and Hong Kong’s Hang Seng index futures pointed to a weaker open.
STOCKS TODAY
Sun Pharmaceutical Industries: The pharma major has acquired Libra Merger Ltd., a company incorporated in Israel. The acquisition will facilitate the consolidation of the company’s business in Israel.
Yes Bank: The private sector lender has registered 11.9 percent on-year growth in loans and advances at Rs 2.17 lakh crore and 13.2 percent growth in deposits at Rs 2.41 lakh crore for the quarter ended December FY24, while CASA jumped 12.2 percent to Rs 71,749 crore
Exide Industries: The automobile battery manufacturer has increased the corporate guarantee limit from Rs 2,000 crore to Rs 3,000 crore for its subsidiary, Exide Energy Solutions. As part of this exercise, the company has executed a deed of corporate guarantee with ICICI Bank, thus totaling an overall limit of Rs 750 crore. The company is in the process of executing the agreements for balance amounts with various other banks.
Coal India: Coal India supplied an all-time high volume of 98 million metric tons (mts) to non-regulated sector (NRS) consumers until December FY24. This translates to a whopping 23 million metric tons increase, with 31 percent growth over the 75 million metric tons of the same period last fiscal. With increased production and maximized supplies through all modes of dispatch, Coal India’s offtake to power plants in the country rose to 454 MT during April–December FY24.
Hero MotoCorp: The world’s largest two-wheeler maker has sold 3,93,952 units of motorcycles and scooters in December 2023, down 0.05 percent compared to 3,94,179 units dispatched in the year-ago month. Domestic sales fell 0.92 percent YoY to 3,77,842 units, but exports jumped 25.7 percent to 16,110 units during the same period
MOIL: The company achieved the best-ever monthly production of manganese ore and registered production of 1.85 lakh MT in December 2023, which is 31 percent higher YoY. In FY24 so far, it has registered a 41 percent YoY growth in production at 12.73 lakh MT of manganese ore.
Avenue Supermarts: The D-Mart chain operator has clocked 17.2 percent on-year growth in standalone revenue from operations at Rs 13,247.33 crore for the quarter ended December FY24. The total number of stores as of December 2023 stood at 341.