{"id":8630,"date":"2021-12-06T16:09:02","date_gmt":"2021-12-06T10:39:02","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=8630"},"modified":"2021-12-06T16:14:20","modified_gmt":"2021-12-06T10:44:20","slug":"post-market-analysis-nifty-sensex-tank-weighed-by-heavyweights-it-pharma-and-auto-stocks-inox-winds-kpi-global-infra-and-nmdc-in-news-today","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/post-market-analysis-nifty-sensex-tank-weighed-by-heavyweights-it-pharma-and-auto-stocks-inox-winds-kpi-global-infra-and-nmdc-in-news-today\/","title":{"rendered":"Post Market Analysis: Nifty, Sensex tank weighed by heavyweights, IT, pharma and auto stocks; Inox Wind, KPI Global Infra and NMDC in news today"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8630\" class=\"elementor elementor-8630\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f5e0506 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f5e0506\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-581ace05\" data-id=\"581ace05\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16b293a9 elementor-widget elementor-widget-text-editor\" data-id=\"16b293a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>India&#8217;s benchmark stock indices plunged, led by losses in heavyweights such as Reliance Industries, TCS and Infosys. The Sensex closed 1.65% lower at 56747.14 and Nifty shed 1.65% to close at 16912.25.<\/p><p>Broader markets also plunged as investors were worried about the hawkish stance of the US Fed and the threat posed by Omicron variant of the coronavirus. Nifty Midcap 100 fell 1.42% and BSE Smallcap lost 1.35%.<\/p><p>All the companies in the Sensex closed in the red and in Nifty 50, all shares fell except UPL shares which rose 0.53%.<\/p><p>All Nifty sectoral indices tanked. Top losers in Nifty sectoral indices were IT [-2.7%], Pharma [-1.87%], Auto [-1.84%], FMCG [-1.8%] and Energy [-1.54%].<\/p><p>Indian rupee fell 26 paise to 75.42 against the US dollar on Monday.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fff56b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fff56b8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-425669ef\" data-id=\"425669ef\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27a47505 elementor-widget elementor-widget-image\" data-id=\"27a47505\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/elementor\/thumbs\/daily-updatedec1-2-ph41ibs62gy0ae5wfkxfj6l5cxvqxf7xni3qauxbao.jpg\" title=\"daily updatedec1\" alt=\"daily updatedec1\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50ae5058 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50ae5058\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c6a016d\" data-id=\"1c6a016d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-767fe4df elementor-widget elementor-widget-heading\" data-id=\"767fe4df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Stock in News Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-13dadbe7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13dadbe7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-408d2c59\" data-id=\"408d2c59\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65a5027b elementor-widget elementor-widget-text-editor\" data-id=\"65a5027b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Inox Wind Ltd<\/strong>: The company said that its subsidiary Inox Green Energy Services is planning to raise Rs 500 crore through an initial public offering, the company said in an exchange filing. The IPO is likely to have fresh issue and also an offer of sale of shares, where some existing shareholders will sell their holdings. Inox Wind will consider participating in the IPO.<\/p><p><strong>KPI Global Infrastructure<\/strong>: The company received confirmation of orders to execute solar power project of 1.10 Mega Watt capacity from three clients under the &#8216;Captive Power Producer (CPP)&#8217; segment of the company. The three clients are Chougle Salt Works, Gandhan Food Products and Murlidhar Tex Prints.<\/p><p><strong>NMDC<\/strong>: The company\u2019s board of directors have fixed December 15 as the record date for the payment of interim dividend at the rate of Rs 9.01 per equity share of face value at Rs 1 each for FY22. Shares of the company closed down 2.06%.<\/p><p><strong>Carborundum Universal<\/strong>: CUMI International Limited, Cyprus (CIL), a wholly owned subsidiary of the company has entered into an agreement to acquire an existing company in Germany which will become a step-down subsidiary of Carborundum Universal. The acquisition will facilitate a base in European Union (EU) which will help the company to access markets in EU for its portfolio viz., Abrasives, Ceramics and Electrominerals.<\/p><p><strong>Parag Milk Foods<\/strong>: The manufacturer dairy products received an approval for the application made under the Product Linked Incentive (PLI) scheme &#8211; Category 1 of Mozzarella Cheese segment. It had received an approval for sales-based incentive for mozzarella cheese product for the period 2021-27.<\/p><p><strong>BCL Industries<\/strong>: The company has been allocated a quantity of 3.60 crore litres of ethanol from its manufacturing unit in Bathinda (Punjab) to supplyto OMCs. The company had participated in a tender floated by Oil Marketing Companies (OMCs) for supplying ethanol from Dececmber 1, 2021 till November 30, 2022 at various locations across the country.<\/p><p><strong>Eris Lifesciences<\/strong>: The company has formed a joint venture (JV) with Mumbai-based MJ Biopharm to enter the insulin segment. In an exchange filing, the company said that the 70:30 JV will focus on marketing and distributing human and analog insulins. The JV marks the foray of Eris into the field of Biopharmaceuticals.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-244dddb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"244dddb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-775dad8\" data-id=\"775dad8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-833fdbe elementor-align-center elementor-widget elementor-widget-button\" data-id=\"833fdbe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"India&#8217;s benchmark stock indices plunged, led by losses in heavyweights such as Reliance Industries, TCS and Infosys. The&hellip;","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-8630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-eveninger","7":"tag-market-news","8":"tag-market-update","9":"tag-nifty","10":"tag-nse","11":"tag-sensex","12":"tag-share-market","13":"tag-stock-market","14":"cs-entry","15":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Post Market Analysis: Nifty, Sensex tank weighed by heavyweights, IT, pharma and auto stocks; Inox Wind, KPI Global Infra and NMDC in news today - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"India\u2019s benchmark stock indices plunged, led by losses in heavyweights such as Reliance Industries, TCS and Infosys. 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