Nifty, Sensex Try to Rally – Monday Closing Report
Moneylife Digital Team 19 December 2022
We had mentioned in Friday’s closing report that Nifty and Sensex remain under pressure. On Monday, the indices opened flat and ended with gain. On the Bombay Stock Exchange (BSE), 2,117 stocks advanced, 1,501 declined and 163 remained unchanged with advance decline ratio of 1.4, indicating positive closing of most of stocks in broader markets.
The trend of the major indices on Monday’s trading are given in the table below:
On NSE, 58 securities advanced and closed at new 52 week high whereas 33 securities sank to close at their new 52-week lows. In sectorial indices, Nifty IT and Nifty PSU Bank were the biggest losers whereas Nifty Auto and Nifty FMCG were the biggest gainers. IT stocks declined after week commentary from Accenture. The broader market indices underperformed their larger peer with BSE Midcap and BSE Small Cap gaining 0.67% and 0.29% respectively.
Rupee ended at 82.71/$ as compared to Friday’s close of 82.87/$. Axis Bank has hiked lending rates by 30bps across tenures. 
GNA Axles Promoters bought net 13,200 shares through open market. GMM Pfaudler  promoter, a private equity fund, sold its most of its 31% stake through open market. NCL Industries Director bought net 9,101 shares through open market. 
In large trades, KPIT Tech’s 0.23% equity changed hands at Rs715.50 per share. Dalmia Bharat Sugar’s 0.4% equity changed hands at Rs438.50 per share.
Interglobe Aviation ended more than 3% higher announcing 21 additional flights in winter for 2022-23. Sugar companies shot up for the second day. Sugar stocks ended 20%-3% higher. Balrampur Chini Mills commenced commercial operations of 170 KLPD capacity.
In October telecom data, Reliance Jio added 14.14 lakh subscriber while Vodafone Idea lost more than 35.09 lakh subscribers.
KEC International won orders worth Rs1,313 crore, the stock closed in red. Dilip Buildcon ended more than 4%higher after receiving orders worth Rs6,167 crore.
LIC increased its stake in IRCTC to 7.278%. Marathon Nextgen Realty gained more than 14% after CDSL bought office space in its project. Sun Pharma ended in red after the company received warning letter from USFDA for its Halol facility.
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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