Benchmark indices traded bullish on the last trading session of the dec F&O expiry on account of short covering in second half of trading session, however it traded flat for major part of the session as subdued trend seen in global markets after Wall Street suffered a mild setback overnight capped the gains. Nifty managed to close above the psychological level of 8100 to settle at 8104.85.
The Auto Stocks were the major gainers of the day while Pharma were the losers for the day.
Global Markets Update
Nomura Holdings Inc sees opportunities in the pro-business stance of U.S. president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy.
Nikkei share average fell to a near three-week low as weakness on Wall Street and a stronger yen hurt sentiment, but Takata Corp surged 16 percent on news that it could settle U.S. criminal charges over defective air bags.
IRB Infra rise after has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90 km) on DBFOT (Toll) under NHDP Phase V package -I Project.
Reliance Industries shares moved higher after the company said it has successfully commissioned the first phase of its 2.2 MMTPA (million metric tonnes per annum) para-xylene (PX) plant at Gujarat’s Jamnagar.
Rajesh Exports shares gains after company announced that they get export order from UAE. It has received an export order worth Rs 929 crore of designer range of gold and diamond studded jewellery and medallions from UAE.
BHEL (Bharat Heavy Electricals Limited) shares ends on a flat to negative note in an otherwise market despite company has successfully commissioned another 600 MW coal-based thermal power plant in Telangana.
Cadila Healthcare ends in a green zone as the company’s wholly owned subsidiary Zydus Healthcare has acquired six brands from US drug maker MSD and its subsidiaries for an undisclosed amount.
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