U.S. stocks were upbeat on data indicating moderation in the labour market, paving the way for less hawkish Federal Reserve stance. The S&P 500 rose 0.7%, while the tech heavy the Nasdaq 100 was up 1%. The yield of 10-year Treasuries advanced five basis points to 3.44%.
Oil was up 0.8% after paring significant gains from a volatile session caused due to shutdown of a crucial pipeline between the U.S. and Canada. Gold futures rose 0.2%, whereas Bitcoin rose 0.7% to trade around $17,000-level.
The Indian benchmark indices opened on a marginally positive note and stayed flat through the session before closing higher on the back of a last hour surge.
Rupee maintained its upward trajectory against the U.S. dollar for the second day after paring initial losses.
Stocks To Watch:
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One 97 Communications: The board will meet on Dec. 13 to consider a proposed share buyback programme.
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Adani Enterprises: The company acquired 100% stake of Alluvial Mineral Resources from Adani Infra (India).
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Sun Pharmaceuticals: The USFDA has listed the company’s Halol manufacturing facility under ‘Import Alert’. The company has not revised the revenue guidance for the current fiscal.
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Ahluwalia Contracts (India): The company has clarified inter alia that the Rs 55.39-crore contract at Plaksha University, Punjab is a domestic project and will be executed within 15 months.
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Hindustan Unilever: The company will acquire 100% stake of Zywie Ventures in cash deal, to be completed in two tranches. The company will also acquire 19.8% stake in Nutritionalab for Rs 70 crore.
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Lupin: The company appointed Spiro Gavaris as the president of its U.S. Generics business.
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Max Financial Services: The company completed the acquisition of balance 5.17% stake held by Mitsui Sumitomo Insurance Co., Japan in subsidiary Max Life Insurance Co., taking its overall shareholding to 87%.
Block Deals
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Sundaram Clayton: Srinivasan Trust bought 4.55 lakh shares (2.25%), Sundaram Finance Holdings sold 4.55 lakh shares (2.25%) at Rs 5,166.95 per share.
Bulk Deals
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Triveni Engineering: Goel Anil Kumar bought 18 lakh shares (0.75%), Societe Generale bought 14.73 lakh shares (0.61%), Plutus Wealth Management bought 40 lakh shares (1.65%) at Rs 280 apiece, Dhruv Manmohan Sawhney sold 1.7 crore shares (7.03%) at Rs 280.75 apiece.
Who’s Meeting Whom
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Bosch: To meet analysts and investors on Dec.13.
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Anand Rathi Wealth: To meet analysts and investors on Dec.11.
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Sterling and Wilson Renewable Energy: To meet analysts and investors on Dec. 9.
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Hindware Home Innovation: To meet analysts and investors on Dec. 9.
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Finolex Industries: To meet analysts and investors on Dec. 9.
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Praj Industries: To meet analysts and investors on Dec. 9.
Trading Tweaks
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Ex-Date Extra Ordinary Meeting: The Andhra Sugars
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Record-Date Interim Dividend: Aptus Value Housing Finance India
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Move Into Short-Term ASM Framework: Sepc, Hi-Tech Pipes, Rico Auto Industries
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Move Out Of Short-Term ASM Framework: Prime Focus
Insider Trades
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Godfrey Phillips India: Promoter Group Spicebulls Investments sold 1,391 shares on Dec. 5.
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KEI Industries: Promoter Group Anil Gupta sold 1.1 lakh shares on Dec. 7.
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Indo Amines: Promoter Group Marvel Indenting sold 50,000 shares between Dec. 7 and Dec. 8.
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Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Dec. 8.
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Geojit Financial Services: Promoter Group BNP Paribas SA sold 1.1 lakh shares on Dec. 7.
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Shalby: Promoter & Director Vikram Indrajit Shah bought 30,000 shares on Dec. 7.
F&O Cues
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Nifty December futures ended at 18,724.95, a premium of 54.7 points.
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Nifty December futures fell 1.93% and 4,296 shares in Open Interest.
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Nifty Bank December futures ended at 43,786.80, a premium of 455.2 points.
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Nifty Bank December futures rose 11.36% and 12,050 shares in Open Interest.
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Securities added to the ban period: IndiaBulls Housing Finance, Gujarat Narmada Valley Fertilizers And Chemicals
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Securities removed from the ban period: Punjab National Bank
Research Reports
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