Benchmark indices managed to rise for the third successive session, up by around 0.7%. Dow and Nasdaq futures are trading higher, indicating a positive start for US markets.
Brent Crude: 75.57 +0.39%
USD-INR Spot: 75.23 -0.42%
India 10Y bond yield: 6.46% -0.06%
Day’s trend:
On the sectoral front, the Realty index continued leading the gainers, up by over 2.3%. The media index was the top dragger, down by over -1%.
Amongst the F&O stocks
Firstsource Solutions was the highest gainer.
ZEEL was the top loser.
In the news
MedPlus Health Services made a strong debut, listing at over 30% to the issue price. Closing the day up by around 40%.
CMS Info Systems IPO was subscribed 1.95 times on the final day. The retail portion was booked 2.15 times, while QIB was 1.98.
Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022, to offset the impact of steadily increasing commodity prices.
Automobile dealers group FADA warned that if chip-making countries are put on lockdown due to the spread of the Omicron variant of COVID-19, it may affect the passenger vehicle supplies.
NCLT has approved GMR Infra’s demerger of the company’s non-airport businesses.
IPO fundraising reaches an all-time high of Rs 1.18 trillion in 2021. Story here.
Around the World
Tesla shares rose after CEO Elon Musk said he was “almost done” with stock sales after selling over $15 billion worth for more than one month.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake: More here.
Global merger and acquisition (M&A) activity jump’s by 63% in 2021 to top the $5 trillion mark. Story here.