Most Stocks Of Indian Defense Companies Rise
Shares of most Indian defence companies surged on Wednesday after the Defence Acquisition Council issued its nod for five capital acquisition proposals, worth over Rs 21,772 crore, for the Indian armed forces.
Stock Market Live: Mazagon Dock Shipbuilders Share Price Rises To Over Three–Month High
Mazagon Dock Shipbuilders Ltd. share price rose as much as 4.74% to Rs 4,928.00 apiece, the highest level since Aug 16. It was trading 1.94% higher at Rs 4,796.05 as of 10:03 a.m., as compared to 0.35% advance in the NSE Nifty 50 index.
Stock Market Today: Sensex Reclaims 81,000 For First Time Since Oct 21
The BSE Sensex reclaimed the 81,000 level for the first time in 29 sessions. It was trading 0.36% higher at 81,140.58.
Stock Market Today: Nitiraj Engineering Share Price Locked In Upper Circuit
Nitiraj Engineering Ltd. share price hit a 10% upper circuit and rose to 244.44 apiece. It remained locked in the upper circuit as of 09:45 a.m., as compared to 0.34% advance in the NSE Nifty 50 index.
Stock Market Today: Oberoi Realty Share Price Hits Life High As Nomura Initiates ‘Buy’
Shares of Oberoi Realty Ltd. hit an all-time high on Wednesday morning as Nomura has initiated coverage on the company with a ‘buy’ rating and a target price of Rs 2,500, signaling a potential upside of 19%. The brokerage cited robust growth prospects in pre-sales, annuity income, and business development as drivers for its optimistic outlook.
Reliance Power Share Price Hits 5% Upper Circuit
Reliance Power Ltd. share price hit 5% upper circuit and rose to Rs 41.09 apiece. It remained locked in the upper circuit as of 09:34 a.m., as compared to 0.19% advance in the NSE Nifty 50 index.
Stock Market Live: Nifty, Sensex Open Higher As HDFC Bank, ITC Share Prices Rise
The NSE Nifty 50 and BSE Sensex opened higher as HDFC Bank Ltd. and ITC Ltd. share prices lead. The Indian benchmarks were one of the top gainers in the Asia–Pacific region during open on Wednesday.
As of 09:19 a.m., the Nifty 50 was 24.15 points or 0.1% higher at 24,481.30, and the Sensex was 20.57 points or 0.03% higher at 80,866.32.
“The risk sentients seem to be holding uptight in Indian despite the underwhelming GDP numbers and if the index is able to sustain above 24,500 then we may see further upside towards 24,800. Therefore, we expect Nifty to trade between 24,200 to 24,800 for the day,” said IFA Global Research Academy.
HDFC Bank Ltd., ITC Ltd., Bharat Electronics Ltd., Larsen & Toubro Ltd., and Axis Bank Ltd. added to the Nifty 50 index.
Infosys Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., and Power Grid Corp of India weighed on the benchmark Nifty 50 index.
On NSE, seven sectors advanced, three declined, two remained largely flat out of 12. The NSE Nifty IT declined the most, and the NSE Nifty Realty rose the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.41% and 0.69% higher, respectively.
On BSE, 20 sectors advanced and one declined out of 20. The BSE Capital Goods rose the most, and the BSE Telecommunication emerged as the worst performing sector..
Market breadth was skewed in favour of buyers. Around 2,132 stocks advanced, 786 stocks declined, and 109 stocks remained unchanged on BSE.
Stock Market Today: L&T Tech Secures $50 Million Deal
L&T Technology Services Ltd. has secured a $50 million deal as a strategic partner from a global network provider. The deal involves providing product integration services for deployment in the North American market, the company said in an exchange filing.
Stock Market Updates Today: Nifty, Sensex Higher At Pre–Open
At pre–open, the NSE Nifty 50 was 31.60 points or 0.13% higher at 24,488.75, and the BSE Sensex was 0.25% higher at 81,036.22.
Stock Market Live: Yield On The 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.71%. It closed at 6.71% on Tuesday, according to data on Bloomberg.
Stock Market Today: Rupee Opens Flat Against US Dollar
Rupee opened flat at 84.70 against the US dollar. It closed at 84.69 on Tuesday, according to data on Bloomberg.
Gold Prices Trade With Little Change On Uncertainty Over Fed’s Policy Outlook
Gold future prices continued to trade with little change as the latest Jobs Opening and Labour Turnover Survey called for a cautious approach on the Federal Reserve’s policy outlook going ahead.
As of 08:47 a.m., the spot gold was trading $2,646.19 an ounce.
Oil Prices Continue To Rise On Supply–Side Worries
Crude oil prices continued to gain on Wednesday as the worries over supply rose after news report said the Organization of Petroleum Exporting Countries and allies mulling to delay to revive output for another three months.
“Brent posted it’s biggest gain in two weeks yesterday as it rose 2.5% but was still in the range of 71-76. Investors were monitoring tension in Middle East as Israel said it would continue with the war if their truce with Hezbollah collapses,” said Anil Kumar Bhansali, head, treasury and executive director, Finrex Treasury Advisors LLP.
As of 8:23 a.m., the February future contract was trading 0.08% higher at 73.68 a barrel on the Intercontinental Exchange.
Granules India – On U.S. FDA’s OAI Classification
-
Classification doesn’t impact ongoing manufacturing or sale of existing products from site.
-
Classification may impact review of pending submissions from Gagillapur for new products.
-
Undertaken voluntary remediation plan to address the 6 US Food Drug Administration observations.
Source: Exchange filing
Stock Market Today: Citi Research On Cipla
-
Retained Buy ipwith target price of Rs 1800 (Earlier Rs 1830); upside potential 16.7%
-
FY25-27E EPS reduced by 3-6% due to delayed recovery in India and added US competition.
-
PE multiple revised to 32x (from 34x) reflecting softer India growth
Stock Market Live: CIE Automotive Gets GST Demand
CIE Automotive Ltd. has received multiple GST demands totaling Rs 67.9 lakh from the Coimbatore State Tax Officer. This demand is related to an, the company said in an exchange filing.
Stock Market Today: Nomura On Oberoi Realty
-
Initiate coverage with Buy, Target: Rs 2,500, upside 21%
-
Pre-sales should record a 40% CAGR in FY24 to FY27
-
Poised for aggressive business development
-
Has relatively low net debt/equity of 0.02x
-
Strong cash generation
-
Has INR8500 crore in ready inventory to be sold over the next 2-3 years
-
Cumulative annuity, hotel revenue expected to record 35% CAGR over FY24-27
-
Plans to pursue growth by raising funds of up to Rs 6,000 crore
Asia Market Update: Stock Gauges Slide On Tension In South Korea
Asia–Pacific stock gauges declined on Wednesday morning as tension about South Korea’s political stability increased. South Korea President Yoon Suk Yeol declared martial law on Tuesday after accusing the opposition of paralysing his administration, which surprised the world, Bloomberg reported.
South Korea is one of the major economy in the world and important in terms of international business.
The KOSPI was 1.87% down and the Nikkei 225 was 0.26% down. The S&P ASX 200 was 0.72% down.
US Market Update: Stocks End Mixed Ahead Of Jobs Data
US share indices ended on a mixed note after the S&P 500 posted its 55th record in Tuesday’s session. Market participants await US jobs data, and the Federal Reserve Chair Jerome Powell’s remarks.
The Dow Jones Industrial Average ended 0.17% down, and the S&P 500 ended 0.05% higher. The Nasdaq Composite ended 0.40% higher.
GIFT Nifty Near 24,500; ONGC, Reliance Power RVNL Share Prices In Focus
The GIFT Nifty was trading near 24,500. Oil and Natural Gas Corp., Reliance Power Ltd., and Rail Vikas Nigam Ltd. share prices may react because of the news flow overnight.
The GIFT Nifty was trading 0.06% or 14 points higher at 24,514.00 as of 06:38 a.m.
Motilal Oswal Financial Services expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending and favourable monetary policy changes by the Reserve Bank of India, Research Wealth Management Head said.
Benchmark equity indices gained for a third consecutive session to close at their highest in around a month as global sentiment was uplifted ahead of monthly jobs data from the US and on the back of gains in heavyweights.
Nifty ended 0.75%, or 181.10 points, up at 24,457.15, its highest close since Nov. 6, and Sensex ended 0.74%, or 597.67 points, higher at 80,845.75, its best close since Oct. 21.
. Read more on Markets by NDTV Profit.The Sensex rose past 81,000 mark for first time since Oct 21. Get live updates on Indian stock markets here on Dec. 4. Read MoreMarkets, Notifications
NDTV Profit
