Asian markets were trading higher on Thursday morning. The Nikkei 225 and KOSPI were trading 0.43% and 0.18% higher, respectively as of 6:43 a.m. Financial markets in Australia are closed.

Markets in US were closed on Wednesday on account of Christmas.

Brent crude was trading 0.27% higher at $73.78 a barrel as of 6:43 a.m. The Bloomberg spot gold was 0.31% higher at $2,625.00 an ounce.

The GIFT Nifty was trading 0.04%, or 10.50 points, higher at 23,826.50 as of 6:45 a.m.

The benchmark stock indices resumed its declining trajectory on Tuesday after a one-day rise. The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.

Overseas investors stayed net sellers for the seventh consecutive session and offloaded stocks worth Rs 2,454.2 crore on Tuesday, while domestic institutional investors stayed net buyers for the sixth straight session and bought stocks worth approximately Rs 2,819.3 crore, according to provisional data from the National Stock Exchange.

Indian financial markets were closed on Wednesday on the occasion of Christmas.

Stocks To Watch

  • Refex Industries: The company is likely to sell up to 33% stake in Venwind Refex Power.

  • Ceigall India: The arm executed a concession agreement with the NHAI for a road project worth Rs 981 crore.

  • Transport Corp: The company has proposed the sale of its chemical logistics business to its arm TCI Chemlog.

  • Surya Roshni: The company received in principle approval from BSE and NSE for issuance of bonus shares in the ratio of 1:1.

  • Easy Trip Planners: EaseMyTrip World Championship of Legends T20 announce season schedule.

  • Capital India Finance: The board approved splitting each share into five.

  • Western Carriers (India): The company received a work order worth Rs 8 crore from Tata International for container rake movement.

  • National Aluminium Co: The company signed a mining lease deed to mine coal in Odisha.

  • IFGL Refractories: The company incorporated joint venture IFGL-Marvels refractories to set up a greenfield facility at capital outlay of Rs 300 crore.

  • Religare Enterprises: The company’s arm Religare Broking received SEBI approval for change in shareholding.

  • Share India Securities: The company approved investment of Rs 59.5 crore in Metropolitan Stock Exchange of India.

  • Max India: The company to sell three floors in Max Towers to the arm of Max Estates for Rs 105 crore.

  • UltraTech Cement: The company to acquire 26% stake in clean max Sapphire worth Rs 45.8 crore for the company’s green energy needs. Additionally, the company completed acquisition of 32.72% stake in India Cements Ltd. Its stake in India Cements now stands at 55.49%.

  • Godfrey Phillips India: Twenty-Four Seven retail stores filed suit against the company for the royalty. It has asked for royalty and damages worth Rs 2 crore.

  • Bharat Forge: The company said that it will be investing €39 million in its wholly owned subsidiary Bharat Forge Global Holding GmbH. This follows the metal forging company’s investment committee, at its meeting held on Dec. 24, approving an infusion of about Rs 345.6 crore into BFGH.

  • Macrotech Developers: The company’s unit received Rs 40 crore arbitration order.

  • Ramky Infrastructure: The company has received a letter of acceptance from Hyderabad Metropolitan water supply and sewerage board for manning, operation and maintenance of STPs and its connecting Interception and Diversion under Hyderabad Metropolitan Water Supply and Sewerage Board jurisdiction. The Rs 215.1-crore project is to be executed for a period of five years.

  • Apollo Hospitals Enterprise: The company’s arm Apollo Healthco to acquire the business of operating software from Searchlight Health for Rs 67.5 crore.

  • Fortis Healthcare: Aditya Birla Sun Life Mutual Fund has reduced its holding to 5% from 2.99%.

  • Amber Enterprises India: The company issued a clarification on media reports that the company is looking to demerge its electronics division. It announced that there is no such event that triggers disclosure obligations.

  • Aditya Birla Capital: The company to make an investment of Rs 22.9 crore in Aditya Birla Health Insurance to meet solvency margin.

  • HG Infra Engineering: The company’s arm H.G. Green Energy transferred 26% of its partial stake from its five arms to Stockwell Solar Services.

  • International Gemmological Institute: The company acquired 100% stake in IGI Netherlands B.V. Worth $8.8 million.

  • Garware Technical Fibres: The company received in-principle approval from the NSE to issue 7.9 crore bonus shares.

  • TIL: The company to consider raising funds by equity in its board meeting to be held on Jan. 2.

  • Walchandnagar Industries: The company received a purchase order worth Rs 45 crore from Fluorine Korea company for HF Reactor.

  • Panacea Biotec: The company received a letter of award from UNICEF for the supply of 115 million doses of its bivalent oral polio vaccine worth Rs 127 crore in calendar year 2025.

  • Seamec: The company entered a BIMCO Charter Party agreement on Dec. 24, with Asian Energy Services Mumbai. The agreement is to hire its vessel SEAMEC III to carry out SAT diving operations related to FPSO installation and field startup on the east coast of India.

  • Epack Durable: It was clarified in the media report of China’s TV company planning to buy 26% stake in the company’s arm. It said the company’s business discussions are currently in the preliminary stage. The company shall file the requisite disclosure in compliance with applicable laws, as and when required.

  • Bharat Petroleum Corp: The board approved the commencement of pre-project activities to set up a Rs 6,100 crore refinery in Andhra Pradesh. It also emerged as lowest bidder for 150 MW NTPC tender worth Rs 756.5 crore.

  • Asahi India Glass: The company completed the sale of its 30% stake in TGPEL and it ceases to be an associate company of AIS effective Tuesday.

IPO Offering

  • Carraro India: The public issue was subscribed 1.12 times on day three. The bids were led by qualified institutional investors (2.21 times), retail investors (0.71 times) and non-institutional investors (0.6 times).

  • Ventive Hospitality: The public issue was subscribed 9.8 times on day three. The bids were led by non-institutional investors (13.85 times), portion reserved for employees (9.49 times), qualified institutional investors (9.08 times) and retail investors (5.87 times).

  • Senores Pharmaceuticals: The public issue was subscribed 93.41 times on day three. The bids were led by non-institutional investors (96.11 times), qualified institutional investors (94.66 times), retail investors (89.23 times) and portion reserved for employees (19.92 times).

  • Unimech Aerospace and Manufacturing: The public issue was subscribed to 9.09 times on day two. The bids were led by portion reserved for employees (15.56 times), non-institutional investors (12.07 times), retail investors (10.3 times), qualified institutional investors (4.64 times).

Block Deals

  • Manorama Industries: Vinita Ashish Saraf sold 12.2 lakh shares (2.05%), Ritu Saraf sold 2.97 lakh shares (0.49%), Shrey Ashish Saraf sold 1.48 lakh shares (0.25%), Agastya Saraf sold 1.48 lakh shares (0.25%) at Rs 1,100 apiece, while LIC Mutual Fund bought 7.27 lakh shares (1.22%) at Rs 1,100 apiece, Bank of India Mutual Fund bought 2.7 lakh shares (0.45%), Aditya Birla Sun Life Mutual Fund bought 8.18 lakh shares (1.37%) at Rs 1,100 apiece.

Bulk Deals

  • Snowman Logistics: Gateway Distriparks Limited bought 16.65 lakh shares (0.99%) at Rs 75.45 apiece.

Insider Trades

  • Cosmo First: Promoter Ambrish Jaipuria sold 2 lakh shares between Dec. 18 and Dec. 20 and promoter Aanchal Jaipuria sold 65,000 shares on Dec. 20.

  • Usha Martin: Promoter Peterhouse Investments India sold 50,000 shares on Dec. 18.

  • Wardwizard Innovations and Mobility: Promoter Garuda Mart India sold 23 lakh shares between Dec. 18 and 19.

  • Doms Industries: Promoter Fila Fabbrica Italiana Lapis Ed Affini S.P.A. sold 27.73 lakh shares on Dec. 19.

Pledge Share Details

  • Mahindra & Mahindra: Promoter Sanjay Labroo revoked a pledge for 1 lakh shares on Dec. 19.

  • Master Trust: Promoter Harjeet Singh Arora and Rajinder Kumar Singhania created a pledge for 7 lakh shares on Dec. 19.

Trading Tweaks

  • Price band revised from 20% to 10%: Aditya Birla Money.

  • Price band revised from 5% to 2%: TCI Finance, Thomas Scott (India)

  • Moving out of ASM: Zinka Logistics Solutions, Centum Electronics, Sagility India.

Who’s Meeting Whom?

  • Narayan Hrudayalaya: To meet investors and analysts on Dec. 30.

  • Tips Music: To meet investors and analysts on Dec. 30.

  • Pony Oxides and Chemicals: To meet investors and analysts on Dec. 30.

  • Apcotex Industries: To meet investors and analysts on Dec. 30.

  • Tega Industries: To meet investors and analysts on Dec. 30.

F&O Cues

  • Nifty December futures up by 0.01% to 23,772 at a premium of 45 points.

  • Nifty December futures open interest down by 38%.

  • Nifty Options Dec. 26 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000. 

  • Securities in ban period: RBL Bank.

Money Market Update

The Indian rupee closed at a record closing low of 85.20 per dollar on Tuesday, weakening by 8 paise from its previous close of 85.12. During intraday trade, the currency fell to a new low of 85.21 amid sustained dollar strength and global pressures.

The rupee had opened 2 paise stronger at 85.10 against the greenback but quickly gave up gains as the session progressed. The initial uptick was supported by thin trading volumes ahead of the Christmas holiday season.

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