Auto stocks will remain in focus today as companies from auto sector are scheduled to release auto sales figures for December 2020.
Shares of Antony Waste Handling Cell will debut on the bourses today, 1 January 2021. The issue price was fixed at Rs 315 per share.
Mahindra & Mahindra and Ford Motor Company have mutually, amicably determined they will not complete a previously announced automotive joint venture between their companies.
IDBI Bank has completed sale transaction of its 23% stake to Ageas Insurance International JV on 31 December 2020 pursuant to receipt of the requisite regulatory approvals.
Bharat Dynamics is geared up to take up export order with the announcement from the Union Cabinet regarding clearance of Akash Weapon System for export.
Trade setup for Friday: Top 15 things to know before Opening Bell
Technically, while the short-term uptrend is intact, markets are showing signs of tiredness as selling pressure is emerging from the highs, said Subash Gangadharan of HDFC Securities. Sunil Shankar Matkar December 31, 2020 / 09:19 PM IST
The market failed to hold on to the 14,000 mark and closed the volatile session on a flat note on December 31, the expiry day for December futures and options contracts, but gained 15 percent for the year 2020.
The BSE Sensex rose 5.11 points to 47,751.33, while the Nifty50 was down 0.20 point at 13,981.80 and formed Doji kind of pattern on the daily charts as closing was near opening levels.
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Nifty, Sensex continues to rise – Monday closing report
Moneylife Digital Team / IANS
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We had mentioned in previous week’s closing report that Nifty, Sensex were trending higher. On Monday, the major indices continued to climb higher. On the NSE, there were 1,357 advances, 549 declines and 341 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
DLF plans to acquire 51.8% stake in Fairleaf, a joint venture company. DLF Cyber City Developers holds a 48.2% stake in Fairleaf Real Estate Private Limited.
Reliance Industries will buy IMG Worldwide’s 50 percent stake in the joint venture entity. IMG Reliance Limited is a joint venture between IMG Worldwide LLC and RIL.
The domestic benchmark indices rose for the fourth day in a row to hit record closing highs, amid firm global cues, after US President Donald Trump signed a $2.3 trillion spending package. Meanwhile, investors continued to celebrate a last-minute trade deal clinched between Britain and the European Union. A survey conducted by FICCI and Dhruva Advisors showed that the opening up of the economy and implementation of a broad set of measures have led to a continuous improvement over time in the performance of businesses, with India Inc expecting even better results in 2021. This further enthused the stock market bulls. After scaling an all-time high of 47,406.72 in intraday trade, the BSE barometer Sensex rose 380 points to a record close of 47,353.75, thanks to buying in private lenders. It was the first time the 30-pack index ended above the 47,000 mark. Its NSE counterpart Nifty too settled at a record high of 13,873.20, up 123.95 points.