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SEBI Warning Hits HDFC Bank, Gas Firms Decline on GST Delay, Oriana Power Surges on Major Rajasthan MoU
SEBI Warning Hits HDFC Bank, Gas Firms Decline on GST Delay, Oriana Power Surges on Major Rajasthan MoU
Written by - Fisdom Research
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December 17, 2024
2 minutes
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Market Snapshot
The Indian stock market extended its losses for the second consecutive session on December 17, driven by broad-based selling across sectors.
Profit booking at higher levels weighed on the benchmark indices.
All sectoral indices ended in the red, with auto, banking, energy, metal, and oil & gas sectors declining by 1% each.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
0.0
NIFTY HEALTHCARE INDEX
-0.5
NIFTY REALTY
-0.1
NIFTY PHARMA
-0.8
NIFTY FMCG
-0.4
NIFTY CONSUMER DURABLES
-1.1
NIFTY IT
-0.5
NIFTY PRIVATE BANK
-1.4
Top News
HDFC Bank shares fell over 1% after SEBI issued an administrative warning regarding non-compliance with listing regulations related to a senior executive’s resignation.
Gas companies like IGL, MGL, and GAIL declined amid reports that gas inclusion in GST would not be discussed at the upcoming GST Council meeting, maintaining existing tax inefficiencies.
Oriana Power surged 9% after signing an MoU with the Rajasthan government for renewable energy projects worth Rs 10,000 crore, nearly double its market capitalization.
DAM Capital IPO price band set at Rs. 269 – 283
Anand Rathi Shares and Stock Brokers file draft papers with SRBI for a Rs. 745 crore IPO.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,200
24,650
Bank Nifty
52,200
53,500
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
CIPLA
0.1
SHRIRAMFIN
-5.3
ITC
0.1
GRASIM
-3.2
HEROMOTOCO
-3.0
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