Closing Indices

20th December 2022 

Bse Sensex Closed @ 61702.29 ⬇️ 103.90 Points 

Nse Nifty Closed @ 18385.30 ⬇️ 35.15 Points 

Bank Nifty Closed @ 43359.50 ⬇️ 54.25 Points 

India VIX Closed @ 13.7800 ⬆️ 0.2275 Points

In News

In News

NBCC India: The company has received contract for the construction of a new multi-storied quarter complex from Odisha Power Transmission Corporation. The company will construct 100 numbers of quarters by demolishing the existing 224 numbers quarters at Bhoinager, Bhubaneswar. The order value is Rs 69.3 crore.

Housing Development Finance Corporation: HDFC increased its retail prime lending rate on housing loans by 35 basis points, with effect from December 20. Its adjustable rate home loans (ARHL) are benchmarked on retail prime lending rate.

IRCTC: Life Insurance Corporation of India has bought an additional 2.27 percent stake in IRCTC between October 17 and December 16 this year via open market transactions. With this, LIC's shareholding in IRCTC increased to 7.278 percent, from 5.005 percent earlier.

Sterling and Wilson Renewable Energy: Promoter Khurshed Yazdi Daruvala will be selling up to 20.28 lakh shares (1.07 percent stake) in the company on December 20-21 via an offer for sale. It also has an option to additionally sell up to 9.71 lakh shares (0.51 percent) in case of oversubscription of OFS issue. Another promoter Shapoorji Pallonji and Company will also sell 47.33 lakh shares (2.50 percent) in Sterling, with an option to additionally sell up to 22.66 lakh shares (1.19 percent) via OFS. The floor price of the offer will be Rs 270 per share.

Ipca Laboratories: The company has acquired an additional 6.53 percent stake in Trophic Wellness (TWPL). TWPL is engaged in manufacturing and marketing several SKUs of neutraceuticals under the brand name Nutricharge. With the above shares, the company now holds 58.88 percent shareholding in TWPL.

Dabur India: Promoters are likely to sell shares worth Rs 800 crore via block deals on December 20, and the block deals are likely at 4 percent discount to the current market price of Rs 589 per share, reports CNBC-Awaaz.

Vikas Lifecare: Material subsidiary Genesis Gas Solutions has received the technical advisory contract from Dornier Group GmbH. Genesis will provide technical advisory for the optimisation of battery storage systems for distribution grid applications for Dornier Group's ongoing project in Mali, Africa.

Investors Meet

Investors Meet

UltraTech Cement: Officials of the company will interact with Fidelity Investments and Franklin Templeton Investments.

VST Tillers Tractors: Officials of the company will meet a group of investors.

Cigniti Technologies: Officials of the company will meet a group of investors.

Tata Chemicals: Officials of the company will interact with Pinpoint Asset Management.

Isgec Heavy Engineering: Officials of the company will interact with Banyan Capital Advisors LLP.

PPAP Automotive: Officials of the company will meet Money Roller, Valentis Advisors, AV Fincorp, and Kriis Portfolio.

Polycab India: Officials of the company will interact with Amiral Gestion.

Maharashtra Seamless: Officials of the company will interact with Ratnabali Securities, ICRA, and Saket Kapoor.

EKI Energy Services: Officials of the company will interact with InCred Asset Management, and SPARX Asia Investment Advisors.

Indian Energy Exchange: Officials of the company will interact with Ardeko (Investment and Wealth Advisor).

Sapphire Foods India: Officials of the company will meet Hara Global Capital Management, Millennium Capital, and Prabhudas Lilladher.

Key Events

Key events this week:

China loan prime rates, Tuesday

Bank of Japan interest rate decision, Tuesday

US housing starts, Tuesday

EIA Crude Oil Inventory Report, Wednesday

US existing home sales, US Conference Board consumer confidence, Wednesday

US GDP, initial jobless claims, US Conf. Board leading index, Thursday

US consumer income, new home sales, US durable goods, PCE deflator, University of Michigan consumer sentiment, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.6% as of 12:57 p.m. New York time

The Nasdaq 100 fell 1%

The Dow Jones Industrial Average fell 0.2%

The MSCI World index fell 1.1%

Currencies

The Bloomberg Dollar Spot Index fell 0.2%

The euro rose 0.4% to $1.0624

The British pound rose 0.3% to $1.2183

The Japanese yen fell 0.1% to 136.77 per dollar

Cryptocurrencies

Bitcoin fell 1% to $16,590.09

Ether fell 0.8% to $1,172.88

Bonds

The yield on 10-year Treasuries advanced 10 basis points to 3.58%

Germany’s 10-year yield advanced five basis points to 2.20%

Britain’s 10-year yield advanced 17 basis points to 3.50%

Commodities

West Texas Intermediate crude rose 1.6% to $75.45 a barrel

Gold futures were little changed