Nifty, Sensex Pause For Breath – Friday Closing Report
Moneylife Digital Team 02 December 2022
After 8-day non-stop rally, frontline equity indices took a breather on Friday. On the Bombay Stock Exchange (BSE), 2,030 stocks advanced, 1,455 declined, and 136 remained unchanged with advance decline ratio of 1.39 indicating strength in broader market. The trends of the major indices in the course of Friday’s trading are given in the table below:
On NSE, 70 stocks advanced and closed at new 52 week high whereas 18 stocks sank to close at their new 52-week lows. Auto stocks were under pressure after the release of monthly sales numbers. Realty and metal stocks continued to see traction. On the back of news flows, niche industries including defense, pipes, and beverage corporations were popular.
The Rupee fell by 9 paise to close at 81.35/$. Dollar index was trading at 104.51.
Amara Raja Batteries plans to invest Rs9,500 crore for lithium-ion battery gigafactory in Telangana. The proposed facility located in the Mahbubnagar district will have a lithium cell gigafactory with an ultimate capacity of up to 16GWh (gigawatt hours) and a battery pack assembly unit of up to 5GWh.
Maruti Suzuki announced that it has planned to increase prices across models from January 2023. The company said that the decision was prompted by continued cost pressure due to overall inflation and recent regulatory requirements.
Zydus Lifesciences gets US FDA (Food and Drug Administration) approval to market menopause capsule, Estradiol Transdermal System. The drug will be manufactured at the group’s formulation manufacturing facility at Ahmedabad (Gujarat).
Atul Auto sold 2,253 units in November 2022, a growth of 68% over 1,344 units sold in same month last year. The financial year-to-date growth was 62% at 15,914 units sold.
Bajaj Hindustan Sugar paid entire overdue towards term loan instalments (till September 2022), term loan interests (till November 2022) and optionally convertible debentures (OCD) coupon (payable for FY21-22) to all the lenders. Accordingly, there are no overdues in its account and the account is fully regular with all the lenders as on date
Talbros Automotive Components received new multi-year orders worth Rs420 crore from domestic as well as overseas customers across its business divisions, product segments and JVs (joint ventures). These orders are to be executed over a period of next five years.
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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