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Dalal Street continuous to be on the bull run as the S&P BSE Sensex hit an all-time high of 71,623 and the NSE Nifty touched a record high of 21,505
The broader markets traded In a mix. the BSE smallcap index scaled a lifetime high of 42,544 and the midcap index slipped 0.1 percent to 36,253.
the Indian rupee surged around 19 paise to 83.19 against the US dollar on Tuesday
STOCK TODAY
Sun pharma: The pharma giant shares traded over a percent higher at Rs 1,267 early on December 19 after the company announced it has agreed to acquire about 16.7 percent shares on a fully diluted basis for $30 million.
Vedanta: The company plans to raise Rs 3,400 crore ahead of debt repayment in January. The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 — half of which are due as early as January — and another $1.2 bn in 2025, according to Bloomberg data.
Apollo Tyres: Apollo Tyres gained 4.3 percent at the open on December 19 after 3.6 percent stake, or 2.3 crore shares, changed hands in a block deal. While the sellers and buyers were not immediately known, it is likely the foreign portfolio investor White Iris Investment is the seller.
IDFC First Bank: company’s shares surge 3% as RBI approves merger with IDFC to day’s high of Rs 92.33 per share on December 19 .In the past one month, the stock of this private sector lender has climbed over 6 percent as against 8 percent rise in the benchmark Sensex. Earlier, IDFC First Bank shares hit 52-week high of Rs 100.74 per share on September 5, 2023.
JB Pharma: The pharmaceutical company links Rs 964-cr licence deal with Novartis for ophthalmology brands. As per IQVIA, MAT September 2023 data, sales for these brands stood at Rs 207.8 crore. Ophthalmology is one of the fastest growing therapies in the Indian Pharma market and this deal will push JB Chemicals & Pharma to the leading players in the ophthalmology segment, the company said in an exchange filing on December 19.
SpiceJet: Shares of SpiceJet soared nearly 8 percent to hit a 52-week high of Rs 64.21 on December 19 after the company confirmed its interest in bidding for the bankrupt Go Airlines (India) Ltd, known as Go First. The company believes that the move will help create a strong and viable airline with the combination of Go First and SpiceJet.
Vijaya Diagnostics: stock surges 5% on account of Rs 134.64-cr acquisition of PH Diagnostic Centre.The acquisition is in line with the company’s objective to build a comprehensive diagnostic chain of network across geographies and thereby increase the market share and penetration, Vijaya Diagnostics stated in an exchange filling.
ZEE shares: Shares of ZEE Entertainment Enterprises fell over 4 percent on December 19 amid uncertainty over its merger deal with Sony Pictures Networks India (SPNI), as the media firm sought an extension of the timeline to complete the amalgamation