Stock Market Updates: Sensex, Nifty Rise; LIC Hits 52-Week high

The Indian stock market moved higher in the afternoon session on December 22 following positive US markets. At 112:15 PM, Sensex gained 279 points at 71144 mark while Nifty was up 92 points and was trading at 21340 level.

All sectoral indices were trading in the green led by realty, pharma and metals. The top gainers included Divis Labs, Coal India, Hindalco Industries and Tata Motors.

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

However, banks were under pressure with stocks including HDFC Bank, Bandhan Bank and Punjab National Bank trading in the red.

Top Nifty50 Gainers:

Top Nifty50 Losers:

Stocks in the News:

MOIL: Share price of MOIL gained over 2 percent after the company announced that production by December 20 crossed 16 lakh metric tonnes in CY2023. The firm said this figure is 26 percent higher than the previous high in 2019.

Life Insurance Corporation: Stock price of LIC jumped over 4 percent after the government’s grant of a one-time exemption to the insurer, allowing it to achieve a 25 percent minimum public shareholding (MPS) within 10 years.

GMR Airport: The script was up over 3 percent after GMR Airports Infrastructure subsidiary GMR Airports entered into a binding agreement with the National Investment and Infrastructure Fund (NIIF) to invest Rs 675 crore in the upcoming airport at Bhogapuram, Andhra Pradesh.

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.