Stock Market Ends in the Green; Auto, Pharma Top Gainers

After a volatile session on December 22, the Indian stock market ended in the green, marking its second consecutive session of gains. At close, the Sensex rose by 241.86 points or 0.34 percent, reaching 71,106.96, while the Nifty gained 94.40 points or 0.44 percent, closing at 21,349.40.

Also Read: Here’s Why LIC Stock Jumped to 52-Week High

All sectoral indices, except banks, closed positively, witnessing gains in auto, capital goods, healthcare, and oil & gas, each rising by 1 percent. Furthermore, Information Technology, metal, and realty sectors showed a 2 percent increase each.

Top Nifty50 Gainers:

Top Nifty50 Losers:

Asian Markets End Mixed:

At close Nikkei was up 0.09 percent at 33,169.05 mark while Hang Seng declined 1.72 percent at 16,340.41 level. Kospi ended the session on a flat note.

European Markets Muted:

European stocks opened modestly lower on December 22. FTSE gained 0.12 percent at 7,704.21 mark while CAC was marginally up 0.04 percent at 7,574.39 level. German DAX slipped 0.03 percent and was trading at 16,681.69 level.

Azad Engineering IPO

Azad Engineering, the company manufacturing aerospace components and turbines, opened its IPO on December 20, 2023, and will close the issue today, December 22, 2023.

At 4:05 PM, the IPO received a total subscription of 79.97 times or 80.95 crore shares as against 1.01 crore shares. Investors booked 22.65 times the retail portion, which originally consisted of 50.63 lakh shares. The QIB portion saw robust subscription on the last day. It was subscribed to the tune of 179.66 times as against 28.08 lakh shares. NII portion was subscribed 87.22 times as against 21.70 lakh shares.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.