Nifty corrects 300 points off day’s high, down 0.8%
Nifty Bank falls 500 points off day’s high dragged by IDFC First Bank and Axis Bank
Nifty IT top sectoral loser, falls over 3.5% off day’s high
All the constituents of IT Index end in red
MidcapIndex slips 167 points to 58,556 & NiftyBank 564 points to 51,576
BIG NEWS FOR ADANI ENTERPRISES – HIGH COURT DISMISSES PLEA AGAINST TENDER AWARDED TO ADANI FOR DHARAVI REDEVELOPMENT
BASF India rises sharply as its board of directors approves the demerger of its agricultural solutions business into a separate listed entity.
Jefferies initiates coverage on Sagility India with a ‘Buy’ rating and a target price of Rs 52. The brokerage highlights that Sagility is a leading US healthcare-focused business process management (BPM) firm with strong domain expertise, positioning it for double-digit revenue growth. It projects a 12% CAGR in revenue and a 40% PAT CAGR over FY25-27
Amara Raja Energy & Mobility signs an agreement with Hyundai Motor India to equip Hyundai’s domestic models with AMARON’s Absorbent Glass Mat (AGM) 4-wheeler batteries. HMIL plans to feature these locally manufactured AGM batteries in its vehicles by Q4FY25, becoming the first auto OEM in India to adopt this localized AGM technology.
Markets at Close
20th December 2024
Fall intensifies, Sensex tanks 1,177 points, Nifty below 23,600; realty index down 4%
Biggest Nifty losers included Trent, Tech Mahindra, M&M, IndusInd Bank, Axis Bank, while gainers are Dr Reddy’s Labs, Nestle India, HDFC Life, ICICI Bank. All the sectoral indices ended in the red with realty index shed 4 percent, auto, IT, capital goods, metal, telecom, PSU bank down 2 percent each. The BSE midcap and smallcap indices shed over 2 percent each.
Source : moneycontrol
Rupee at Close
20th December 2024
Indian rupee ended higher at 85.02 per dollar on Friday versus Thursday’s close of 85.07.
Source : moneycontrol
FII’s & DII’s Activity on 20th December 2024
Net value in crores
| BUY | SELL | |
| DII | 1,374.37 | |
| FII | 3,597.82 |
FIIs – Foreign institutional investors
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NOTE: *** The above information is based on the source and just for educational purposes only. Please consult your financial advisor before buying any stocks. Thank You ***
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