Nifty, Sensex Await RBI’s Move – Wednesday closing report
We had mentioned in Tuesday’s closing report that Nifty, Sensex may head lower. The major indices opened low and ended with gains. On the NSE, there were 999 advances, 789 declines and 352 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:
 
 
Tata Motors share price rallied 7% after double-digit growth in Land Rover improved overall sales in the United States. In November, Jaguar Land Rover sold 12,472 units in the US, an increase of 6.2% year-on-year. 
 
The Union Cabinet cleared the creation and launch of the Bharat Bond exchange traded fund (ETF) to deepen the bond market and to broaden investor base by allowing retail investors to participate.  Finance Minister Nirmala Sitharaman said that each bond ETF unit is to be priced at Rs1,000. Sebi has recently issued the debt ETF circular.
 
TTK Prestige unveiled plans for 2020, aimed at increasing market share across geographies and getting back to double digit growth in mature categories like pressure cookers. At a press conference, the Chairman, Mr. T.T Jagannathan outlined plans whereby the brand will expand its distribution and launch a series of products in kitchen appliances and cleaning solutions. 
 
Shilpa Medicare announced the successful closure of inspection, with the receipt of Establishment Inspection Report (EIR) from the USFDA for the inspection conducted at API manufacturing site located at Karnataka.
 
Intellect Design Arena launched the RM Office 2020 for wealth managers, its marquee product from its suite of digital wealth management, the Wealth Qube.
 
Having been tested as a controlled release in multiple countries, the RM office 2020 is now being released for all banks and financial institutions across the three key geographies of Asia-Pacific, GCC and India.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
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    Nifty, Sensex Headed Lower – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex were moving sideways with a downward bias. The major indices opened low and closed with losses. On the NSE, there were 576 advances, 1,212 declines and 350 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    The Indian equity markets traded in the red during the early trade on Tuesday as banks and financial services saw mild selling pressure.
     
    Shares of YES Bank fell more than 7% for a third straight session, even as the US-based Capital International committed to pump in $120 million.
     
    Thomas Cook India has acquired the Thomas Cook brand for Rs13.9 crore for use in India, Sri Lanka and Mauritius markets, said a senior company official. The company signed an agreement with AlixPartners, Thomas Cook UK's appointed Special Managers. Thomas Cook India was previously contracted to pay an annual brand licence fee of Rs2 crore to Thomas Cook UK until 2024 for usage of the brand.
     
    Maruti Suzuki will increase vehicle prices from January 2020. According to the company, the price increase is necessitated on account of increase in input cost. Besides, the auto major said the "price increase shall vary for different models"
     
    Zydus Cadila has received the tentative approval from the USFDA to market Lorcaserin Hydrochloride Tablets (US RLD - Belviq Tablets), 10 mg. The drug is used together with diet and exercise to treat obesity. It will be manufactured at the group's formulations manufacturing facility at $132. The group now has 278 approvals and has so far filed over 330 ANDAS since the commencement of the filing process in FY 2003-04.
    Biocon announced that Siddharth Mittal has taken over as their CEO & joint MD starting December 1, 2019. Mittal has been serving as Biocon's CFO since August 2014.
     
    Tata Motors has bagged an order of over 2,300 buses from various State Transport Undertakings, namely Rajasthan, Karnataka, Uttar Pradesh, Tamil Nadu, and Andhra Pradesh. Tata Motors is working towards completing this order by February 2020.
     
    NCC has received one new order for Rs243 crore (exclusive of GST) in the month of November 2019. This order pertains to roads division and is received from a State Government agency and does not include any internal order.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
     
     
     
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    Nifty, Sensex Moving Sideways Downward Bias – Monday closing report
    We had mentioned in Friday’s closing report that Nifty, Sensex may give up some gains. The major indices opened high but ended flat or with minor losses. On the NSE, there were 718 advances, 1,095 declines and 347 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    Both the Sensex and Nifty opened slightly higher led by heavyweight like Reliance Industries (RIL) and Bharti Airtel following tariff-hike announcement of up to 40% on Sunday by the telecom companies. 
     
    The Finance Ministry will recapitalise the state-run general insurance companies ahead of taking further steps in their mergers to shore up their balance sheet and solvency ratio but the amount appears to be short of the requirement. 
     
    The ministry recently sought approval from the Parliament for an additional requirement of funds for recapitalisation of insurance companies of Rs2,500 crore through demand for grants. The three firms needed immediate recapitalisation of at least Rs2,000-3,000 crore each to maintain solvency ratios and reduce losses. The total requirement is up to Rs12,000 crore.
     
    Mahindra and Mahindra Financial Services said the IFC, part of the World Bank Group, has anchored an investment round of $200 million in the company to create a dedicated pool for micro, small and medium enterprises (MSMEs) in low-income states. In a regulatory filing, Mahindra Finance said the IFC had invested $75 million from its own account and was mobilising $125 million as parallel loans. At least $100 million will be earmarked for women-owned MSMEs and supported by blended finance from the IFC-Goldman Sachs' Women Entrepreneurs Opportunity Facility. Mahindra Finance has committed $225 million to this pool.
     
    L&T's technology services arm won a contract from global aerospace major Airbus India to manage its avionics software development, validation, verification and data analytics. "The win from Airbus reaffirms our years of expertise in the aviation space and investment in technologies," the company said.
     
    A day after Yes Bank announced that it has received investment interest from a bunch of unknown and somewhat shady investors, the stock tanked 6.22% Kolte-Patil Developers has completed the second tranche payment of Rs70 crore to India Advantage Fund-III (IAF-III) and India Advantage Fund-IV (IAF-IV) managed by ICICI Venture Funds Management for the buyout of their 50% stake in KPDL's flagship township project - Life Republic. Following the buyout, KPDL'S economic interest in Life Republic will increase to 95% and the company's overall economic interest in its entire portfolio of projects will rise from ~60% to ~90%.
     
    TVS Motor Company registered sales of 266,582 units in November 2019 as against sales of 319,965 units in the month of November 2018. Shifting of Diwali season to the earlier month and planned adjustment of BS IV stocks is reflecting in the sales growth difference between November 2018 and November 2019.
     
    Hero MotoCorp has sold 516,775 units in November 2019, as against 610,252 units in November 2018. Out of this, the company has sold 479,200 motorcycles and 37,575 scooters in November 2019 as compared to 543,982 motorcycles and 66,270 scooters in November 2018.
     
    Suven Life Sciences share price plunged 19% after the company announced top-line results of SUVN-502 (Masupirdine) Phase 2A study in patients with Moderate Alzheimer''s Disease (AD). The unique triple-therapy (Masupirdine+ Donepezil+ Memantine) design was based on efficacy results in pre-clinical cognition models in which masupirdine enhances the effects of combined treatment with Donepezil and Memantine. Masupirdine (SUVN-502) is safe and well-tolerated without significant adverse events, while triple therapy of Masupirdine (SUVN-502) with Donepezil and Memantine proof of concept phase 2 study missed its pre-specified primary endpoint. 
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
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