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Dalal Street snapped a two day bull run on Tuesday, as as investors remained worried ahead of US inflation data and global central banks meeting. Sensex was down 377.50 points or 0.54 % at 69,551.03, and the Nifty was down 90.70 points or 0.43 % at 20,906.40.
In broader markets, The BSE midcap index shed 0.4 % and smallcap index fell 0.2 %.
The Indian rupee traded flat against the US dollar on Tuesday.
Stock in News Today
Hindalco: Shares of the aluminum and copper major surged over 2 percent to Rs 534 after the company planned Rs 800 crore investment to set up a battery foil manufacturing unit in Odisha. The company will deploy an investment of up to Rs 800 crore for the new battery foil plant which will be commissioned by July 2025. The plant will initially produce 25,000 tonnes of the resilient product which forms the backbone of Lithium-ion and Sodium-ion cells.
UltraTech Cement: The shares of the company soared 2.2 percent to Rs 9,889 on December 12, rallying for the fourth trading session in a row.
HDFC Life Insurance Company: Shares of the company rose 2 percent at Rs 686, rallying for the second day in a row. In November, The premium for HDFC Life saw a decline of 21 percent year-on-year, with the Individual APE down by 4 percent compared to the previous year.
Bajaj Auto: Shares of the two-wheeler and three-wheeler major gained nearly 2 percent at Rs 6,25, extending gains for the second day in a row. Volumes were positive today as 6 lakh shares exchanged hands against the 1-week average of 4 lakh shares.
Hero MotorCorp: Shares of Harley Davidson maker gained 1.4 percent to Rs 3,757 on December 12. It recently entered into an agreement with Ather Energy for an interoperable fast-charging network in India, according to a press release. Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather Grids across the country. The combined network will cover 100 cities with over 1900 fast-charging points.
BPCL: Shares of the petroleum major fell 3.3 percent to Rs 450 on December 12 as the stock traded ex-dividend. The company has declared an interim dividend of Rs 21 apiece.
Sun Pharmaceuticals: Shares of the pharma major fell 1.3 percent to Rs 1,224. The drop comes after the company updated its offer price to acquire all the outstanding shares of its US-based arm Taro Pharma. The price of the offer has been raised to $43 per share, over the earlier proposal of $38 per share, marking a 13 percent rise in the offer price.