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Indraprastha Gas Soars, Divi’s Labs Slips, Hyundai Announces Price Increase
Indraprastha Gas Soars, Divi’s Labs Slips, Hyundai Announces Price Increase
Written by - Fisdom Research
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December 5, 2024
2 minutes
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Market Snapshot
The Indian equity market ended higher, with the Nifty closing above 24,700, marking its fifth consecutive session of gains.
Buying was observed across sectors, except for realty stocks, which underperformed.
Indian indices opened marginally higher amid mixed global cues but erased early gains to trade rangebound in the first half.
Strong buying in the second half lifted Nifty above 24,800 during intraday trade.
Most of the intraday gains were pared later as investors remained cautious ahead of the Reserve Bank of India’s (RBI) policy announcement tomorrow
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY IT
2.0
NIFTY AUTO
0.7
NIFTY OIL & GAS
0.7
NIFTY BANK
0.6
NIFTY FINANCIAL SERVICES
0.7
NIFTY FMCG
0.6
NIFTY PRIVATE BANK
0.7
NIFTY METAL
0.6
Top News
Indraprastha Gas surged 6.5% as its board plans to consider a bonus share issue on December 10, though the bonus ratio remains undisclosed.
Divi’s Labs fell 3% after a US court cleared MSN Pharmaceuticals to launch a generic version of Novartis’ heart drug Entresto, weakening Novartis’ patent defense.
Hyundai Motor announced a price hike across all models starting January 1, 2025, citing rising input, exchange rate, and logistics costs.
IPO frenzy cools down in November as subscription levels take a hit
Kalpataru gets SEBI’s approval for Rs. 1590 crore IPO
Suraksha Diagnostic IPO fully subscribed on day 2
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