December Auto Sales, IPO Buzz, and Top Cues in Focus Today

Thu, 2 Jan Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

On Wednesday, Indian share markets traded on a positive note throughout the day and ended marginally higher.

The BSE Sensex closed higher by 52 points to end the day at 41,306. Power Grid and NTPC were among the top gainers.

While the broader NSE Nifty ended up by 21 points to end at 12,190.

Among BSE sectoral indices, power stocks gained the most, followed by IT stocks and FMCG stocks.

Top Stocks in Action Today

JSW Steel share price will be in focus today as the company has completed the acquisition of Vardhman Industries (VIL) by infusing Rs 635 million into the debt-ridden company. The acquisition has been done as per the resolution plan approved by the lenders of VIL and the National Company Law Tribunal (NCLT).

Piramal Enterprises share price will also be in focus today as the company has raised funds worth Rs 16 billion through the allotment of 16,000 secured, rated, unlisted redeemable non-convertible debentures (NCDs) each having a face value of Rs 1 million on private placement basis.

Market participants will also track NESCO share price. Reportedly, NESCO has incorporated a Section 8 company as its wholly owned subsidiary namely, 'Nesco Foundation for Innovation and Development'.

The company has been incorporated to carry out CSR and other activities. It is been incorporated with an initial subscription of 10,000 equity shares of Rs 10 each.

December Automobile Sales

Maruti Suzuki has reported total sales of 133,296 units in December 2019, as compared 128,338 units in December 2018, registering rise of 3.9%. This includes 125,735 units in domestic market and 7,561 units of exports.

Mahindra & Mahindra (M&M) has reported auto sales performance for December 2019 which stood at 39,230 vehicles, compared to 39,755 vehicles during December 2018, registering a fall of 1.3%.

The company's domestic sales touched 37,081 vehicles during December 2019, as against 36,690 vehicles in December 2018. Exports for December 2019 stood at 2,149 vehicles.

SML Isuzu has reported 32.1% fall in December 2019 sales. The company sold 549 vehicles in December 2019 against 817 vehicles in December 2018.

From the Economic Space...

India's current account deficit (CAD) narrowed sharply to 0.9% of GDP in the July-September (Q2) of FY20 from 2.9% in the year ago period and 2% in the preceding quarter.

This contraction in CAD was primarily on account of lower trade deficit.

CAD occurs when the value of goods and services a country imports exceeds the value of exports. A large CAD can cause the domestic currency to depreciate.

In absolute terms, the CAD in the second quarter came down to US$ 6.3 billion from US$ 19 billion in the year ago quarter and US$ 14.2 billion in the preceding (April-June 2019) quarter.

Trade deficit in the quarter was lower too at US$ 38.1 billion as compared with US$ 50 billion a year ago.

In the financial account, net foreign direct investment was US$ 7.4 billion, almost same level as in corresponding Q2 of 2018-19.

Foreign portfolio investment recorded net inflow of US$ 2.5 billion as against an outflow of US$ 1.6 billion in Q2 of 2018-19, on account of net purchases in the debt market.

Net inflow on account of external commercial borrowings to India was US$ 3.2 billion as compared with US$ 2 billion in Q2 of 2018-19.

There was an accretion of US$ 5.1 billion to the foreign exchange reserves as against a depletion of US$ 1.9 billion in Q2 of 2018-19.

IPO Buzz

In latest developments from the IPO space, Mindspace Business Parks REIT on Tuesday filed the draft prospectus for its initial public offering (IPO), making it the second REIT to attempt a listing on the Indian bourses.

In March 2019, Bengaluru-based developer Embassy and Blackstone had launched India's first public REIT, Embassy Office Parks REIT, in a Rs 47.5-billion IPO.

Mindspace Business Parks REIT is backed by real estate developer K. Raheja Corp. and private equity investor Blackstone.

According to the draft prospectus filed by Mindspace, the REIT aims to raise Rs 10 billion through a fresh issue of shares, while the existing shareholders, K. Raheja Corp. and Blackstone, will offload a part of their shareholding through an offer for sale.

The REIT will use the IPO proceeds for partial or full prepayment, or scheduled repayment, of certain debt facilities of the assets held by it.

In other news, Apeejay Surrendra Park Hotels has filed draft papers with Indian stock markets regulator for its proposed IPO to raise up to Rs 10 billion.

The IPO comprises a fresh issue of up to Rs 4 billion and an offer-for-sale (OFS) of up to Rs 6 billion.

The amount to be raised through OFS comprises up to Rs 1.25 billion by promoter selling shareholder, up to Rs 3.54 billion by Apeejay Pvt Ltd, up to Rs 847 million by Apeejay House Pvt Ltd and Rs 349 million by investor selling shareholders.

The group's business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education.

The hospitality company has pioneered the concept of luxury boutique hotel in India under "THE PARK" brand.

It has presence in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR as well as in other major cities such as Coimbatore, Jaipur, Jodhpur, Jammu, Navi Mumbai, Raipur and Visakhapatnam, the DRHP stated.

The net proceeds from the IPO will be utilised towards repayment/prepayment of certain borrowings availed and for general corporate purposes.

We will keep you updated on all the developments from this space. Stay tuned.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers