✅ News and Impact – Focus Today
• December Series F&O Expiry (2024): Anticipated positive trends in Biocon, Naukri, Praj Industries, Bharti Hexa, Lupin, ITC, Chalet Hotels, Trent.
• Market Sentiment: Gift Nifty up by 56 points (0.2%), reflecting positive momentum. US markets closed at record highs (+1%).
• Sectoral Focus: IT, Hotels, Banks, Pharma, Realty.
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Market Outlook
• Global Boost: US holiday rally fueled by lower inflation and consumer confidence data.
• Domestic Optimism: Strong economic data and expectations from the upcoming Union Budget to drive sentiment.
• Short-Covering Potential: Likely ahead of December F&O expiry, with mid-cap and small-cap stocks in focus.
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Global Market Update
1. US Market: +1% gain; record highs amid easing inflation concerns.
2. Asian Market: Mixed, with Japan’s Nikkei advancing on China pact news; Hong Kong and Australia closed for holidays.
3. European Market: Gains in energy, travel, and retail shares. Key indices up (UK: +0.4%, France: +0.2%).
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Commodities
• Gold: Traded narrowly at $2,615/ounce amid slower Fed rate cut expectations.
• Brent Crude: +1% at $74/bbl, supported by geopolitical tensions, though demand outlook remains cautious.
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Stock Action
Positive Movers
• Biocon: USFDA approval and EIR received; Victoza generic launch.
• ITC, Chalet Hotels, Lupin: Strong F&O and mid-cap sector sentiment.
• Amber Enterprises: Plans to list electronics business.
• Greaves Cotton: Electric 2-wheeler IPO filing.
• HFCL: New defense manufacturing unit in Tamil Nadu.
• Adani Power: Exporting power to Sri Lanka.
Corporate Updates
• Aarti Drugs: Received EIR for Tarapur API facility.
• Akum Drugs: ₹1,760 crore supply pact for European market.
• Amber Enterprises: Denies electronics division demerger rumors; remains volatile.
• Biocon: Expansion into type 2 diabetes medication; gains momentum.
IPO Highlights
• Senores Pharmaceuticals: Oversubscribed by 93.41x.
• Ventive Hospitality: Oversubscribed by 9.8x.
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Events Today
• Finance Minister: Budget discussions with industry leaders.
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Key Sectors in Focus
• Pharma: USFDA approvals, growing API exports (Biocon, Aarti Drugs).
• Realty: Mid-cap realty stocks poised for growth.
• IT & AI: Persistent Systems and InfoEdge tapping AI and data science transitions.
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Corporate Actions
• Developers India: Stock split (₹10 to ₹1).
• Aayush Wellness: Bonus issue (1:2).
• Bharat Global Developers: Bonus issue (8:10).
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✅ Content creation by : Vina SEBI Registered RA: INH000017189
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