Analysis Financial News

Inventurus Knowledge Solutions (IKS) shares, which made debut on the exchanges today (Thursday, December 19), saw block deals where Norway-based Norges Bank bought over 34 lakh shares worth Rs 652 crore. Norges Bank bought shares via Norges Bank on Account of The Government Pension Fund Global in two tranches of 16.59 lakh and 17.50 lakh shares at a price of Rs 1,923.92 apiece and Rs 1,899.67 per share, respectively.

Shares of the company rose 5% in premarket trading.

Nifty is expected to trade in the range of 25,000-28,000 in 2025 with green energy, IT and banking remaining prominent investment themes, a smallcase survey said. In the smallcase survey, comprising 150 fund managers, 50% suggested Nifty to be in the 3,000-point range.

IPO). The IPO comprises a fresh issue of 1.04 crore equity shares, and an offer for sale (OFS) of 56.38 lakh shares by promoters, the DRHP filing showed.

Shares of Coforge Ltd.(up 1.97 per cent), Persistent Systems Ltd.(up 1.93 per cent) and Wipro Ltd.(up 0.05 per cent) ended the day as top gainers in the pack.

Pokarna Ltd.(up 4.76%), Oriental Trimex Ltd.(up 3.42%), Lexus Granito(India)Ltd.(up 0.23%) and NMDC Ltd.(up 0.23%) stood among the top gainers.

These high-performing stocks that rallied more than 10% during the session included, Empire Ind(14.91%), CWD L(14.65%), Tips Films(13.84%), Prime Urban Dev(13.82%), Sinclairs Hotel(12.90%), Lancer Container Lines(11.62%), Investment & Precision Castings(11.54%), Garuda Construction(11.48%), Perfectpac Ltd(10.76%) and 52 Weeks Entertainment(10.59%).

MphasiS Ltd. 2.44 per cent to Rs 3107.35 in Thursday's session as of 01:46PM (IST) even as the equity benchmark Sensex traded 966.55 points at 79215.65. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3239.55 and a 52-week low of Rs 2180.05 on NSE. Around 9286 shares changed hands on the counter till 01:46PM (IST).

Ashok Leyland Ltd. 1.88 per cent to Rs 218.60 in Thursday's trade as of 01:56PM (IST). The stock hit a high price of Rs 221.60 and low of Rs 216.35 during the session. The return on equity (ROE) for the stock stood at 27.58 per cent. Traded volume on the counter stood at 01:56PM shares and turnover at Rs 2.09 crore around that time. The stock of Ashok Leyland Ltd. quoted a 52-week high price of Rs 264.70 and 52-week low prices of Rs 157.65, respectively.

Au Small Finance Bank Ltd. traded 2.0 per cent in Thursday's trade at 01:19PM (IST). Around 64,719 shares changed hands on the counter. The scrip opened at Rs 550.05 and touched an intraday high and low of Rs 553.00 and Rs 540.90, respectively, in the session so far. The stock of Au Small Finance Bank Ltd. quoted a 52-week high of Rs 813.00 and a 52-week low of Rs 540.90.

SpiceJet rallied 7.8% to an intraday high of Rs 60.70 on the BSE on Thursday after the company announced that it has settled its over $16 million dispute with Genesis. As part of the agreement, SpiceJet will settle $6 million with Genesis, while Genesis will invest $4 million in SpiceJet equity at a valuation of Rs 100 per share.

Canara Bank traded 0.43 per cent in Thursday's trade at 12:27PM (IST). Around 696,300 shares changed hands on the counter. The counter opened at Rs 100.20 and touched an intraday high and low of Rs 104.00 and Rs 100.20, respectively, in the session so far. Shares of the company of Canara Bank quoted a 52-week high of Rs 129.35 and a 52-week low of Rs 82.66.

Bank of Baroda traded 0.37 per cent in Thursday's trade at 12:17PM (IST). Around 162,247 shares changed hands on the counter. The scrip opened at Rs 246.00 and touched an intraday high and low of Rs 250.95 and Rs 244.85, respectively, in the session so far. The stock of Bank of Baroda quoted a 52-week high of Rs 298.45 and a 52-week low of Rs 214.85.

Godrej Consumer Products Ltd. 1.11 per cent to Rs 1079.40 in Thursday's trade as of 11:55AM (IST). The stock hit a high price of Rs 1087.75 and low of Rs 1076.00 during the session. The return on equity (ROE) for the stock stood at -4.44 per cent. Traded volume on the counter stood at 11:55AM shares and turnover at Rs 9.49 crore around that time. The stock of Godrej Consumer Products Ltd. quoted a 52-week high price of Rs 1541.30 and 52-week low prices of Rs 1026.95, respectively.

Hemang Jani, Independent Market Expert, says Zomato is now part of the Nifty and typically, when you see some flows either ETF related or otherwise in one of the global indices, that creates its own impact on the stock. So, definitely from a fundamental standpoint, given the 30-35% discount at which Swiggy is trading at, that would be a preferred bet. Jani says as a short-term tactical play, he likes Zomato, Swiggy, and some of the other platform companies. Yesterday when the markets were closing, we did not anticipate this bolt out of the blue coming in from the Federal Reserve, the fact that the dot plot is indicating only two rate cuts next year. Hemang Jani: After going through weakness in the last two days, this was clearly not expected. And the way the entire event panned out wherein the rate cut guidance has been only muted and only two rate cuts is what the Fed is looking at and maybe probably because of the way the US markets also had gone up in the last, let us say, about six months or so, so typically, the market tends to create a hype around certain events. When you do not see something coming out as per expectation, there is a huge swing in volatility and which is what we are seeing over there. From our perspective, maybe you could see a bit of a negative start. But our market is actually segregated into two halves.

Varun Beverages Ltd. 0.1 per cent to Rs 632.30 in Thursday's session as of 12:00PM (IST) even as the equity benchmark Sensex traded 907.61 points at 79274.59. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 454.60 on NSE. Around 40020 shares changed hands on the counter till 12:00PM (IST).

PI Industries Ltd. 0.71 per cent to Rs 3859.05 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 3873.10 and low of Rs 3825.00 during the session.

Tata Power Company Ltd. 0.33 per cent to Rs 413.65 in Thursday's session as of 12:12PM (IST) even as the equity benchmark Sensex traded 828.08 points at 79354.12. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 494.85 and a 52-week low of Rs 312.60 on NSE. Around 375488 shares changed hands on the counter till 12:12PM (IST).

Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore. Nomura purchased 3 crore shares of the company on the NSE at a price of Rs 108.32 apiece, according to data available on the exchange website.

Fed Chair Jerome Powell has left little chance for a Santa rally in global equity markets. While the Dow Jones recorded its worst day in over four months, the Sensex fell more than 1,100 points, nearing the 79,000 mark. The market had already priced in the impact of a 25 basis point rate cut but was left concerned after the dot plot was revised significantly higher, with only two cuts now forecast for 2025, half of what was expected in September. According to the current projections, 2026 is also likely to see just two cuts, down from four previously.

Marico Ltd. rose 0.52 per cent to Rs 638.25 in Thursday's trade. It hit an intraday high of Rs 640.00 and low of Rs 629.90, respectively, during the day. The stock quoted a 52-week high price of Rs 719.80 and low of Rs 486.75.