TATA Motors to partially divest its stake in TATA Technologies via IPO
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December 13, 2022
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Daily Snippets
Date: 13th December 2022
The Markets Today in a nutshell
SENSEX 62,533 (+0.65)▲
NIFTY 18,608 (+0.60%)▲
Domestic benchmark indices ended on a positive.
Favourable domestic economic numbers and positive global cues underpinned investors sentiment. PSU banks soared while IT shares witnessed value buying. However, realty, consumer durables and FMCG shares declined.
Day Leader Board
Nifty 50 Top Gainers
Stock
Change (%)
INDUSINDBK
▲2.10%
BAJFINANCE
▲2.10%
INFY
▲1.50%
HCLTECH
▲1.50%
TCS
▲1.50%
Nifty 50 Top Losers
Stock
Change (%)
APOLLOHOSP
▼-1.30%
UPL
▼-1.00%
HINDALCO
▼-0.90%
NESTLEIND
▼-0.70%
BPCL
▼-0.70%
Capital Flows
Title
Latest
MTD
YTD
FPI (US mn)
-11.9
-78.6
-23
News you could use
? TATA Motors to partially divest its stake in TATA Technologies via IPO
Tata Motors stated that it had approved the partial divestment of its equity shares in subsidiary Tata Technologies via an initial public offer ( IPO). The auto major said it will increase prices of its commercial vehicle range by up to 2 percent from January to offset the impact of rising input costs.
? NCC share price up 5 as credit rating firm upgrades rating
India Ratings & Research has upgraded the long term rating of fund based working capital and non-fund based limits of NCC to lNDA+/Stable/lND A1 while short term rattings were affirmed. The ratings on the term loans have been withdrawn as the company has paid the term loans in full.
? BGR Energy Systems hits upper circuit on new orders from ONGC
The scrip hit 20 percent upper circuit after the firm received orders worth Rs 330 crore from Indian Oil Corporation. The order includes construction of civil and structural works in Panipat refinery project complex. The contract completion period is 18 months.
News from the IPO world?
Droneacharya Aerial IPO sees massive demand, subscribed 22.94 times
Kfin Technologies IPO set to open on December 19, to raise Rs. 1500 crore
Landmark Cars IPO opens today
Numbers? that matter
Indices Name
Latest
% 1D
% YTD
Dow Jones
33,005
1.6 %
(6.4) %
10 Year Gsec India
7.3
-0.40%
12.10%
WTI Crude (USD/bbl)
73
2.40%
-4.90%
Gold (INR/10g)
51,274
0.00%
13.00%
USD/INR
82.43
0.20%
10.90%
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