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PB Fintech Hits High, Star Cement Soars on Adani Buzz, Suzlon Secures Major Order
PB Fintech Hits High, Star Cement Soars on Adani Buzz, Suzlon Secures Major Order
Written by - Fisdom Research
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December 4, 2024
2 minutes
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Market Snapshot
The Indian market closed on a positive note on December 4, marking its fourth consecutive winning session, with Nifty settling around 24,450.
After a flat opening, Nifty crossed 24,550 in early trade but erased gains mid-session, eventually ending with marginal gains.
Realty and PSU banks led the rally with over 2% gains, while IT and media rose 0.5% each. Auto and FMCG sectors declined by 0.7% each.
The session was highly volatile, with buying at lower levels supporting the overall market recovery..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
2.3
NIFTY PRIVATE BANK
0.9
NIFTY REALTY
2.1
NIFTY MIDSMALL HEALTHCARE
0.8
NIFTY FINANCIAL SERVICES
1.1
NIFTY CONSUMER DURABLES
0.8
NIFTY BANK
1.1
NIFTY MEDIA
0.8
Top News
PB Fintech climbed nearly 5% to hit a 52-week high of ₹2,018.85 after announcing plans to incorporate a wholly owned subsidiary under the proposed name “PB Healthcare” or similar.
Star Cement jumped up to 14% amid speculation of a potential acquisition by Adani-owned Ambuja Cement, though the company clarified it is not in any discussions.
Suzlon Energy surged over 4% after securing a 302.4 MW wind power project order from Jindal Renewables, marking its second order from the client
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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