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Tata’s ₹15,000 Cr IPO Boost, Interarch Soars, Vedanta Dips, Lotus & Indo Farm IPOs Set to Launch
Tata’s ₹15,000 Cr IPO Boost, Interarch Soars, Vedanta Dips, Lotus & Indo Farm IPOs Set to Launch
Written by - Fisdom Research
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December 24, 2024
2 minutes
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Market Snapshot
In a volatile session, the benchmark indices ended with marginal losses on December 24, with the Nifty above 23,700 amid buying seen in the auto, oil & gas, and FMCG names.
Amid mixed global cues, the Indian indices started on a muted note, but buying in auto, energy, FMCG names helped the Nifty index to inched closer to 23400.
However, profit booking in the second half erased all the intraday gains to close with little change.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.6
NIFTY PHARMA
-0.1
NIFTY FMCG
0.5
NIFTY MIDSMALL HEALTHCARE
-0.1
NIFTY OIL & GAS
0.5
NIFTY REALTY
-0.1
NIFTY PRIVATE BANK
0.02
NIFTY BANK
-0.2
Top News
Interarch Building Products shares jumped over 10% as investors cheered the management’s strong growth outlook, projecting a 50% rise in North India by FY25, led by Uttar Pradesh, contributing 30% to overall business volume.
Vedanta shares fell 2% ex-dividend after approving ₹8.50/share, bringing FY25 payouts to ₹16,799 crore.
Tata Group stocks, including Tata Investment, Tata Chemicals, and Tata Motors, rose up to 4% after the group began preparing for a ₹15,000-crore IPO of Tata Capital, its flagship NBFC, as per RBI’s directive to list by September 2025.
Bollywood backed realtor Lotus looks at Rs. 1000 crore IPO
Indo Farm Equipment IPO to open in on Dec 31st
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400
24,000
Bank Nifty
50,500
52,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TATAMOTORS
1.8
POWERGRID
-1.7
ADANIENT
1.4
JSWSTEEL
-1.4
EICHERMOT
1.0
SBILIFE
-1.3
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