Stock Market Updates: Sensex, Nifty rally led by IT, PSU Banks


by mydhanush on 15 December 2023,  4 min read

Stock Market Updates - MyDhanush by Ashika

Dalal Street witnessed yet another bull run on December 15 with Sensex, Nifty and Bank Nifty hitting record highs. At close, Sensex surged 969 points or 1.37 percent at 71,483.75. Nifty zoomed 274 points or 1.29 percent and closed the session at 21,456.70. 

About 1,346 stocks advanced and 1,154 stocks declined while 117 stocks remained unchanged on NSE.

Among the sectors, the IT index surged over 4 percent led by HCL Tech, TCS, Persistent Systems, Infosys and Coforge which jumped 4-5 percent each followed by Tech Mahindra, L&T Technology and LTI Mindtree.

Stocks to Buy for Upto 14% Upside

The metal and PSU Bank index gained over 2 percent led by NALCO, Tata Steel and Ratnamai Metals followed by State Bank of India, Indian Overseas Bank and Union Bank of India among others.

Top Nifty50 Gainers:
Company Name Last Traded Price % Change
HCL Tech 1493.65 5.59
TCS 3871 5.56
Infosys 1576.55 5
State Bank of India 648.30 3.95
Tata Steel 136.55 3.45
Source: NSE
Top Nifty50 Losers:
Company Name Last Traded Price % Change
HDFC Life Insurance 672 1.83
Nestle India 24412 1.54
Bharti Airtel 994.25 1.09
SBI Life Insurance 1454.60 1.04
Bajaj Auto 6275.95 0.93
Source: NSE
Asian markets end in the green:

Asian markets edged higher led by Hang Seng after Wall Street continued to rally. The was after the US Federal Reserve held rates and laid out a roadmap for cuts in 2024 and beyond.

At close, Hang Seng gained 2.3 percent followed by Nikkei which added 0.86 percent. Kospi was up 0.76 percent.

European markets rise

European markets rose on Friday with CAC up 0.81 percent at 7635 mark while DAX gained 0.8 percent and was trading at 16884 level. However, FTSE shed 0.16 percent and was trading at 7629 level.

Stocks that moved the most:

Texmaco Rail up 3%

The company won a Rs 1,374.41-crore order from the ministry of railways to manufacture and supply 3,400 BOXNS wagons valuing Rs 1374.41 crore approximately, the company said in a press release.

State Bank of India rise 3.95%

State Bank of India has executed transaction documents for the purchase of 3,70,644 shares, or 6.35 percent stake, in Canpac Trends, which provides paper-based packaging solutions, for nearly Rs 50 crore. The stake will be bought at a price of Rs 1,349 per share.

Panacea Biotec gains 2%

Panacea Biotec has launched the fully-liquid wP-IPV-based pentavalent vaccine EasyFourPol in India. The wP-IPV pentavalent vaccine protects children against five deadly diseases: diphtheria, tetanus, pertussis, polio, and invasive infections caused by Haemophilus influenza type B.

Hero MotoCorp ends in the green

Hero MotoCorp will be buying an additional stake in associate company Ather Energy from an existing shareholder for up to Rs 140 crore. After this transaction, Hero’s stake in Ather Energy will increase to 39.7 percent from 36.7 percent. Hero will complete the acquisition of additional shares in Ather Energy by January 31, 2024.

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.

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