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Jindal Stainless (JSL) has soared the most, over 130 percent, followed by Welspun Corp, which rallied 124 percent in 2023 YTD. The surge in JSL comes on the back of exceptional earnings performance. In the September quarter, the company's net profit rose 120 percent to ₹764 crore against a net profit of ₹347 crore in the September 2022 quarter.

A quasi-independent review board has ruled that Facebook parent company Meta should overturn two decisions it made this fall to remove posts “informing the world about human suffering on both sides” of the Israel-Hamas war

New York state will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state under a bill signed into law by Gov. Kathy Hochul on Tuesday

Jyoti CNC Automation has received a nod from the Securities and Exchange Board of India (Sebi) to launch its initial public offer (IPO). The company’s initial public offering comprises a fresh issue of Rs 1,000 crore. The company had filed its Draft Red Herring Prospectus (DRHP) with the market regulator in September 2023. The company proposes to utilise the net proceeds towards repayment and/or pre-payment of some of its loans in full or part, a company release said on Wednesday. The company had availed funding for long-term working capital requirements and general corporate purposes. Jyoti CNC Automation claims to be the second-largest CNC machine manufacturer in India accounting for approximately 8% of the market share in fiscal 2022.

ACC Ltd. traded 2.76 per cent down at Rs 2143.0 at 01:46PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 186.41 points to 71250.78. The scrip had settled at Rs 2203.85 in the previous session.

Mutual funds offer diversified investment options by pooling funds from multiple investors into various asset types. “Contrary to the common belief that mutual funds invest only in stock markets, they come in various types, investment is made in equity, debt, and hybrid funds, allowing investors to align investments with their risk tolerance and financial goals," said Gurmeet Singh Chawla. According to Chawla, another misconception is that mutual funds are unsuitable for young investors.

Avenue Supermarts Ltd. fell 0.52 per cent to Rs 4000.0 in Wednesday's session as of 01:00PM (IST) even as the equity benchmark Sensex traded 206.86 points higher at 71644.05. Earlier in the day, the stock witnessed a gap down start to the session.

₹1,008.59 crore from the IPO that will end on December 21. Let us check Happy Forgings IPO subscription status, GMP today and other key details: Happy Forgings IPO was subscribed 4.63 times on December 20, the second day of the bidding process. The public issue received bids for 3.87 crore equity shares as against 83.65 lakh shares on the offer, as per data available on NSE till 1:00 pm.

Havells India Ltd. rose 0.34 per cent to Rs 1376.75 in Wednesday's trade as of 11:27AM (IST) even as the benchmark Nifty ruled at 21550.8, up 97.7 points. The scrip had closed at Rs 1372.05 in the previous session.

IT stocks in the last few days following the Fed's dovish tilt could turn out to be premature, say analysts after going through the earnings of Accenture. The key peer of Indian IT services companies reported Q1 revenue growth in line with its guidance range, but Managed Services growth moderated to a 14-quarter low. Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends. A likely weak discretionary demand environment is been seen as negative for Infosys, while incremental weakness in the UK could have negative implications for TCS.

multibagger returns of over 200% in the last 12 months, Indian Rail Finance Corporation (IRFC) shares have emerged from a fresh consolidation breakout and are set for another leg of rally in the short term. The stock has an estimated upside of 13% over the current levels. The over three-decade-old company is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas capital markets. On Tuesday, the stock hit a fresh 52-week high of Rs 101.50.

Nippon Life India Asset Management Ltd share price gained up to 8.9% in morning trades on the NSE on Wednesday. A large trade deal news triggered these gains. The share price also scaled 52 week highs of ₹489 on Wednesday CNBC TV-18 quoting sources has reported that Private sector lender IndusInd Bank is likely to divest a 2.86% equity stake in Nippon Life India Asset Management Ltd (Nippon AMC) through block deals.

Yogi Adityanath-led govt on Tuesday approved the implementation of recommendations from the Amitabh Kant Committee report on real estate projects. Two major points of the committee’s recommendations that were considered are - homebuyers must get possession and registry immediately. "The cabinet has approved the implementation of the recommendations of a central committee headed by Ex CEO of Niti Ayog Amitabh Kant," UP cabinet minister Suresh Kumar Khanna said during a press briefing in Lucknow, PTI reported.

₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer. The IPO opened on Monday, December 18, and will close today, December 20, 2023.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) “Pull back attempts were capped near 83.19, a pivot that had remained potent for most of this month. Upswings now stand to challenge 83.27 and it would require a slippage past 83.09 to initiate declines again," said Anand James, Chief Market Strategist at Geojit Financial Services.

Crompton Greaves Consumer Electricals Ltd. rose 2.78 per cent to Rs 304.4 in Wednesday's trade as of 10:36AM (IST) even as the benchmark Nifty ruled at 21555.45, up 102.35 points. The scrip had closed at Rs 296.15 in the previous session.

Coforge Ltd, part of the IT industry, breaks out from an inverted Head & Shoulder pattern on the weekly charts which has opened room for the stock to head towards 7000 levels, suggest experts. The stock rose by about 10% in a week which helped the stock to break out from an Inverse Head & Shoulder pattern on the weekly charts. The neckline of the pattern was placed around 6100 levels. After breaching the neckline of the inverse head & shoulder pattern earlier in December placed at 6100 levels the stock hit a fresh record high of Rs 6528 on 19th December 2023. The stock has been in an uptrend after hitting a low above 4700 levels in October 2023.

₹1,200 crore. India Shelter IPO listing is expected to be at a decent premium as the GMP today, or grey market premium today, indicates India Shelter shares to list higher by around 32% that their issue price.India Shelter Finance Corporation made a decent stock market debut on Wednesday, December 20.

DOMS Industries shares got listed at a premium of 77.2% (Rs 610) at Rs 1400 apiece on the bourses on Wednesday. The issue was priced at Rs 790 at the upper end. Net proceeds will be utilised for the part funding of the cost of establishing a new manufacturing facility and general corporate purposes. DOMS Industries' public offer was subscribed 93 times at close. The category reserved for retail investors was subscribed the most at 69 times, followed by NIIs at 66 times. The QIB portion of the issue was booked 116 times. The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential. «The hefty GMP already anticipates much of the company's future growth, leaving limited immediate gains on the table. Therefore, we recommend skipping fresh buys on the listing. Investors seeking quick profits can consider booking gains and exiting,» said Shivani Nyati, Head of Wealth, Swastika Investmart. Also Read: RBZ Jewellers IPO: Should you subscribe to this Rs 100-crore issue?

₹549.78 crore, which is a complete offer for sale. The IPO garnered a decent response from investors on the first day, achieving an overall subscription rate of 2.08 times.

Balrampur Chini, Delta Corp, Indus Towers, IRCTC, Manappuram Finance, National Aluminium Company (NALCO), Piramal Enterprises (PEL), RBL Bank, Zee Entertainment Enterprises (ZEEL) and Steel Authority of India (SAIL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.