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NHPC share price jumped 8.5% to touch 52-week high on Friday's session after the Central Electricity Regulatory Commission's (CERC) announcement of the Draft Tariff Regulations for 2024–2029, which increased the ROEs for pumped hydro storage and run-on rivers with pondage from 16.5% to 17%, according to brokerage ICICI Direct Research. The NHPC share price today opened at an intraday low of ₹70.10 apiece and touched an intraday high of ₹75 apiece on BSE.

₹24,69,500 crore as of December 31, 2023, registering a growth of around 62.4% over ₹15,20,500 crore as of December 31, 2022. On a sequential basis, the bank’s gross advances grew by 4.9% from ₹23,54,600 crore as of September 30, 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 60.7% over December 31, 2022 and around 3.8% over September 30, 2023, HDFC Bank said in a regulatory filing.

Motilal Oswal Financial Services, robust credit demand is likely to lead to healthy asset under management (AUM) growth for NBFCs in the October-December 2023 quarter. Overall, the brokerage estimates a loan growth of around 20% YoY and 5% QoQ in Q3FY24 for NBFCs. Also Read: Q3 result preview: Building material companies expected to post strong volume growth with margin improvement The extent of NIM recovery envisaged earlier in Vehicle Finance (VF) has not happened as yet because of the sustained rise in cost of funds (CoF), which might now peak by March/June 2024.

BSE filing, Poonawalla Fincorp said its total disbursements during Q3FY24 were highest ever at approximately ₹8,730 crore. The total disbursements jumped by a robust 159% from ₹3,369 crore in the same quarter last fiscal year. It was up 12% compared to disbursements of ₹7,807 crore in Q2FY24.

Nifty on Wednesday ended 148 points lower to form a long negative candle on the daily chart placed at the edge of breaking below the immediate support of 10-day EMA. The positive chart pattern like higher tops and bottoms is intact on the daily chart and the present weakness could be in line with the formation of new higher bottoms of the sequence. A decisive move below 21,500 levels could open the next downside of 21,255 (20-day EMA) and the next 20,980 levels in the near term. Immediate resistance is placed at 21,670, Nagaraj Shetti of HDFC Securities said.

BSE Midcap index closed 0.20 per cent higher at 37,081.58 while the BSE Smallcap index ended with a gain of 0.30 per cent at 43,103.61. (Exciting news! Mint is now on WhatsApp Channels.

Also Read: Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand “We remain positive on the sector considering buoyancy in the real estate market; government’s focus on housing, sanitation and infrastructure; improvement in agriculture segment with normalization in raw material prices; pick-up in exports and increase in branded or large players market share. In Q3FY24, the plastic pipe sector is expected to report EBITDA margin expansion of 230 bps YoY to 14.7% with sequential stability in raw material prices.

retail investors gained strong muscle power as a result of their roaring participation in the primary market in 2023. In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database. The average number of applications from retail investors in initial public offers (IPO) increased to 13.21 lakh, which was more than double of 5.66 lakh in 2022. The highest number of applications from retail investors were received by Tata Technologies at 52.11 lakhs, followed by DOMS Industries at 41.30 lakhs, and INOX India at 37.34 lakhs. Through initial public offering (IPO), companies raised Rs 54,114 crore in 2023, which includes both the main board and SME. However, this was nearly 12% lower than 2022, primarily due to the mega IPO of insurance major LIC. About 57 corporates raised Rs 49,434 crore through main board IPOs in 2023, which was 17% lower in 2022. However, excluding the mega IPO of LIC, which came out in 2022, mobilisation through IPO increased by 28%. As many as 40 out of the 57 IPOs came in just four months in 2023. The largest IPO in 2023 was from Mankind Pharma, which mopped Rs 4,326 crore, followed by Tata Technologies at Rs 3,043 crore, and JSW Infrastructure at Rs 2,800 crore. While companies from multiple sectors tapped the IPO market in 2023, one key sector that had a limited presence was BFSI with just Rs 6,190 crore. The sector represented just 13% of the total fundraising in 2023 compared to 46% in 2022. New age technology companies too, were few at just two namely Yatra and Mamaearth.

Balrampur Chini, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). 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. The MWPL for Balrampur Chini stood at 93.7% on Tuesday with OI reported by Trendlyne at 10.7. It was down by 8.4% from the previous session. The MWPL for Delta Corp stood at 117% on Tuesday with OI reported by Trendlyne at 22.9 million.

Sensex fell 379.46 points to close at 71,892.48, while the Nifty 50 ended 76.10 points, or 0.35%, lower at 21,665.80. Nifty 50 formed a reasonable negative candle on the daily chart with minor lower shadow. The smaller range movement of the last 3-4 sessions has been broken on the lower side.

Motilal Oswal Financial Services Ltd. Also Read: Day trading guide for today: Six stocks to buy or sell on Wednesday —January 3 Here are key global market cues for Sensex today: Asian markets traded lower on Wednesday tracking overnight weakness on Wall Street indices. Japan’s markets are closed until January 4.

ALSO READ: Why there are long queues at petrol pumps in these cities? Drivers' protest against new hit-and-run law explained In a major relief, a few states said they have adequate fuel stocks. Here's what states said as "panic buying" triggered fears of a shortage of fuel at petrol pumps: A senior Punjab official said there was no need for the public to panic as adequate stock of petrol and diesel is available in the state.

₹1,715 per share, implying an upside of 16% from Monday’s closing price. Also Read: Kotak 'downgrades' GAIL stock after a stellar nearly 70% run in 2023. Here are 3 major reasons why The brokerage firm is optimistic on Concord Biotech on the back of fermentation APIs gaining market share with expansion of API portfolio in the low-volume high value segment and formulations segment picking-up due to new launches and the addition of injectables portfolio.

BSE website. Manoj Ceramic IPO registrar is Purva Sharegistry India Pvt Ltd. Applicants can find out if they have been issued shares and the number of shares allotted through the basis of allotment.

Also Read: Gold prices track best year since 2020, supported by hopes of Fed rate cut in 2024 However, analysts believe gold price is expected to remain in a narrow range in the month of January after the recent upmove. “Gold prices saw a decent rally recently amid dovish Fed and anticipation of rate cuts in 2024. However, the positives are largely discounted and the bullion prices are expected to remain in a narrow range this month," said Ajay Kedia, Director, Kedia Advisory.

Allcargo Logistics jumped over 13% to the day's high of Rs 98 on the NSE on Tuesday. Today is the record date for its 3:1 bonus share issue. In its December Board meeting, the company had set January 2 as the record date to determine the shareholders’ eligibility for allotment of bonus shares in the proportion of 3:1 i.e.

Eicher Motors fell 3% to Rs 3,908 in Tuesday's trade on BSE after the Royal Enfield maker announced a 7% month-on-month (MoM) decline in its two-wheeler sales in December. During the month, the company sold 63,387 units, lower than in December 2022 when the company sold 68,400 units, Eicher Motors said in an exchange filing. Meanwhile, Eicher Motors sold 55,401 units of models with engine capacity up to 350cc, down 10% as compared to 61,223 units in December last year.

Here’s the trading strategy from Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy: Tata Chemicals — Inverted Head and Shoulder Breakout Tata Chemicals had been consolidating in the range of 900 and 1150 for the past two years. But last week, the stock saw fresh momentum to cross its 50-day Moving Average (DMA). 1100 was a short-term resistance for the stock which was broken with good volumes.

₹179.65 apiece on the BSE. The commercial vehicle (CV) manufacturer Ashok Leyland registered a 10% drop in total sales during December 2023 at 16,324 units as against 18,138 vehicles sold in December 2022.

₹109.46 crore. For the provision of an automatic block signalling system, the JV has been awarded the contract for comprehensive signalling and telecommunication works.

BSE SME at a premium on Tuesday. On BSE SME, AIK Pipes and Polymers share price today was listed at ₹100 per share, 12.36% higher than the issue price of ₹89.