Stock Market LIVE: Sensex Up By 280 Pts, Nifty Ends at 23,800; M&M, Dr Reddy Lead Gainers

Closing Bell: The Sensex ended the day at 78,758.51, gaining 286.03 points (0.36%), after opening at 78,607.62. Top gainers included M&M, Bajaj Finance, Tata Motors, Tech Mahindra, Nestle India, and ITC, while TCS, Titan, Power Grid, HCL Tech, and L&T were the top losers.

Meanwhile, the Nifty closed at 23,825.20, up 75 points (0.32%), having opened at 23,801.40. Leading gainers were Dr Reddy, IndusInd Bank, M&M, Wipro, and Eicher Motors, whereas Hindalco, SBI, Coal India, ONGC, and Tata Steel ended in the red.

Sensex ends the pre-close session at an indicative 78,700.98, up 228.50 points or 0.29%. Nifty gives an indicative close around 23,800 

Gainers - M&M, Bajaj Finance, Tata Motors, Tech Mahindra, Nestle India & ITC 
Losers - TCS, Titan, Power Grid, HCL Tech, L&T

Mamta Machinery made its market debut today, 27th December 2024. The plastic bag manufacturer made its IPO debut on December 19, 2024. Against its price of Rs 243, the stock of Mamta Machinery was listed at Rs 600 apiece, a gain of over 100 per cent.

Fortis Healthcare Limited said in an exchange filing that Mr. Indrajit Banerjee who was appointed as the Chairman of the Board, for the interim period, with effect from October 1, 2024, has passed on the position of the Chairman to Mr. Puri and will continue being a member of the Board along with other committee memberships in the Company. 

The Indian rupee experienced its steepest single-day fall, depreciating by 46 paise to hit a new all-time low of 85.73 against the US dollar during the mid-session. 

Gensol Engineering has been awarded a notable contract worth Rs 897 crore by NTPC Renewable Energy Limited (NTPC REL) to develop a 225 MW grid-connected solar project. This project will be established at the GSECL Solar Park (Stage-III), located in Khavda, in the Rann of Kutch, Gujarat.

Shares of Transrail Lighting Ltd surged nearly 37 per cent on the first day of trading on Friday against the issue price of Rs 432.

Transrail Lighting Stocks Debut: Details
The stock listed at Rs 585.15, reflecting a jump of 35.45 per cent from the issue price on the BSE. Later in the trade, it soared 39.81 per cent to Rs 604.

Shares of the firm started the day at Rs 590, surging 36.57 per cent at the NSE.

The firm commanded a market valuation of Rs 7,757.31 crore.

 India Volatility index declines by 6%

Adani Ports and Special Economic Zone Limited has placed India's largest order for 8 tugs for 450 Cr with cochin shipyard/

 

ACME Solar Holdings secured Rs 1,988 crore financing from PFC for a MW Solar-Wind Hybrid project.

The Nifty Midcap 100 is down by 0.23, leading the loss are Max Health, Suzlon, Dixon, SAIL & Mankind Pharma

Mirae Asset Sharekhan has issued a 'BUY' recommendation for HDFC Bank, citing a current market price (CMP) of Rs 1,798 and a price target (PT) of Rs 2,100. This indicates a potential upside of approximately 15.5%.

The brokerage report underlines HDFC Bank's focus on retail deposit mobilization and calibrated loan growth, setting a strong foundation for the future.

NBCC India has bagged an order worth Rs 369 order. The order is from 3 companies 
1. Construction of Mehta Family School of Data Science and Artificial Intelligence including internal EI, HVAC, Firefighting, Fire Alarm, Lifts, Audio Visual System, CCTV and BMS installation and development works at IIT Roorkee, Uttarakhand.

2. Development of Jawaharlal Nehru Commercial Complex (JLNCC) Englishya Lines, Varanasi (U.P) on a self-sustainable model

3. Construction and Furnishing of 500 bedded Multi –Storey “Vishram Sadan” at AIIMS Gorakhpur, U.P

On the NSE, Pharma is one of the top stocks performing well with an increase of almost 1%. Leading the rally we have Ajanta Pharma, Glenmark, Abbot India, Dr Reddy & Lupin 

In order to receive GMP certification from the Eurasian Economic Union in October 2024, Shilpa Medicare Limited, Unit IV, Jadcherla, Telangana, India, and Shilpa Medicare Limited, Unit VII, Nacharam, Hyderabad, Telangana, India, underwent a GMP inspection by the Belarusian Ministry of Health.

The GMP approval of Eurasia, which includes Belarus, Russia, Kazakhstan, Kyrgyzstan, and Armenia, has now been granted to Shilpa Medicare Ltd.'s Unit IV and Unit VII.

Significant economic prospects in these nations will become available as a result of this decision.
 

DAM Capital Advisors had an impressive stock market debut on Friday, December 27. The company’s shares were listed at Rs 393.00 each on the NSE, reflecting a 38.87% premium over the issue price of Rs 283.00 per share.

Similarly, on the BSE, DAM Capital Advisors shares debuted at ₹392.90 apiece, showcasing a 38.83% premium.

Choice International Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI), via a letter dated December 26, 2024, to sponsor and set up a mutual fund.

As part of this development, the company will establish an Asset Management Company and a Trustee Company in compliance with applicable SEBI regulations and other relevant laws.

Gensol Engineering's stock climbed over 9% to Rs 779.95 per share following the announcement of a significant contract win. The company revealed on Thursday that it has secured a Rs 897-crore deal from NTPC Renewable Energy Limited (NTPC REL) to develop 225 MW of grid-connected solar projects. The project, to be executed under the EPC model, will be located at GSECL Solar Park (Stage-III) in Khavda, Rann of Kutch, Gujarat.

Dixon Technologies' subsidiary, Dixon Electro Manufacturing, has entered into a Memorandum of Understanding (MOU) with Cellecor Gadgets to manufacture refrigerators and associated components for the brand.

Gujarat Fluorochemicals' board has approved the slump sale of its 57 MW captive power plant to its subsidiary, IGREL Mahidad, for Rs 200 crore. The board also sanctioned an investment of up to Rs 40 crore in IGREL Mahidad and a Rs 200 crore investment in Flurry Wind Energy for a 26% equity stake. Additionally, the board authorized the purchase of up to 107 MW of power from IGREL Mahidad and 350 MW from Flurry Wind Energy, at a rate of Rs 4 per unit.

In a BSE filing, Ultra Tech said,“The Board of Directors of the Company at its meeting held today considered the proposal and approved making an investment to acquire non-controlling minority stake upto 3.70 crores equity shares of Star Cement at a price not exceeding Rs. 235/- per share.”The cement giant will acquire 8.69 per cent of Star Cement priced at Rs 851 crore.

Star Cement is a cement manufacturer and sales company located in Meghalaya, which had a turnover as of 31st March, 2024 of Rs. 2,910.66.

Capital India Finance's Board of Directors considered and approved a “sub-division / split of 1 (one) equity share of the Company having face value of INR 10 (Indian Rupees Ten only) each in the authorized, issued, subscribed and fully paid‐up equity share capital into 5 (five) equity shares having face value of INR 2 (Indian Rupees Two only) each, subject to the approval of members of the Company. The record date for the purpose of the sub-division/ split of equity shares shall be decided post approval of the shareholders and the same will be intimated in due course.”, in their meeting held on December 24, 2024.

Jubilant FoodWorks, on Thursday, 27th December 2024 said it has signed a Memorandum of Understanding (MoU) with Coca-Cola India to purchase a portfolio of sparkling beverage products and certain other products from its authorised bottlers.

Nifty auto is leading in the sectoral indices by more than 2%, leading the upward move are Bajaj Auto, Tata Motors, Eicher Motors, M&M & Bharat Forge 

Nifty realty falls by 0.38%, leading the loss are Phoenix Ltd, Oberoi Realty, Brigade, Lodha, Sobha & Prestige

Gainers - Bajaj Auto, Dr Reddy, Tata Motors, IndusInd Bank and Eicher Motors
Losers - HCL Tech, TCS, Hindalco, BEL & ONGC

Gainers - Tata Motors, IndusInd Bank, Bajaj Finance, M&M, NTPC, Maruti, Bharti Airtel & ICICI Bank 
Losers - HCL Tech, Titan, Powergrid, TCS & L&T

The market has opened on a positive note today, with the Sensex up by 276.89 points, standing at 78,607.62 (+0.35%). Meanwhile, the Nifty has opened at 23,801.40, gaining 81.25 points (+0.34%).

Adani Enterprises is set to draw market attention today following its acquisition of a 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services.

Gensol Engineering Ltd. has been awarded an Engineering, Procurement, and Construction (EPC) contract by NTPC Renewable Energy Limited for the development of 225 MW grid-connected solar photovoltaic (PV) projects. The project will be executed at the GSECL Solar Park (Stage-III) in Khavda, Gujarat.

The total contract value stands at approximately Rs 897.47 crore, inclusive of GST. The scope of the contract also includes operations and maintenance (O&M) services for a duration of three years.

Mamata Machinery's shares are scheduled to debut on the stock exchanges this Friday. Ahead of the listing, the company's shares are being traded at a grey market premium (GMP) of Rs 260, according to market trackers.

Asia-Pacific markets are showing a mixed performance on Friday as some regions returned from the Boxing Day holiday and investors digested regional economic data.

In China, industrial profits continued their decline, marking the fourth consecutive month of drops, signaling that stimulus measures have yet to significantly impact corporate earnings. Hong Kong's Hang Seng Index saw a modest gain, while mainland China's CSI 300 edged lower.

In Japan, inflation data showed a rise in both headline and core inflation in Tokyo, though core inflation came in slightly below expectations. Japan's jobless rate for November remained unchanged. The Nikkei 225 and Topix saw gains, with the Nikkei rising notably.

In South Korea, both the Kospi and Kosdaq traded lower, while Australia's S&P/ASX 200 posted a gain as markets resumed after the holiday break.

Trends on GIFT Nifty point to a strong start for the broader Indian market, with a gain of 179 points, or 0.75%. Nifty futures were trading around the 23,929 level.

On Thursday, the Dow managed to secure a small gain, marking its fifth consecutive day of growth, while the S&P 500 and Nasdaq Composite closed just below the flatline. Despite the mixed close, all three major US indexes are in positive territory for the week, following strong gains earlier in the shortened holiday week. The S&P 500 is up notably, while the Dow has seen moderate growth, and the Nasdaq has been buoyed by a rise in megacap tech stocks.
 

On Thursday, the Sensex closed at 78,472.48, showing no change from the previous day, after opening at 78,557.28. Among the top gainers were Adani Ports, M&M, Maruti, Sun Pharma, Bharti Airtel, Tata Motors, and HCL Tech. Conversely, Infosys, HUL, Axis Bank, TCS, NTPC, Zomato, Nestle India, and Titan were the major losers.

The Nifty, on the other hand, closed at 23,762.80, gaining 35.15 points (0.15%) after opening at 23,775.80. Key gainers included Adani Ports, M&M, SBI Life, Maruti, and Suryoday Small Finance Bank, while Asian Paints, Titan, JSW Steel, Grasim, and Nestle India saw declines.