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On Wednesday, at close, BSE Sensex was trading 17.15 points down at 60,910.28 and NSE Nifty was trading 9.80 points down at 18,122.50.
New Delhi: Indian indices opened in red on Wednesday, December 28. Even as the day progressed with Sensex touching as much as 61,075.33, the Santa Rally was not visible on Dalal Street.
On Wednesday, at close, BSE Sensex was trading 17.15 points down at 60,910.28 and NSE Nifty was trading 9.80 points down at 18,122.50.
STOCKS TO WATCH ON DECEMBER 28
Rail Vikas Nigam: The company has been appointed as the project implementation agency for the UTF harbour project in Maldives. The cost of this strategic governmental project is pegged at Rs 1,544.60 crore.
On Tuesday, Rail Vikas Nigam share closed on the NSE 0.24 per cent down at Rs 63.55.
Punjab & Sind Bank: The bank said its board will be meeting on Friday, December 30, to consider a proposal to raise up to Rs 250 crore by various modes, including equity and bonds issuance. Only a few days back, Rail Vikas Nigam won an order worth Rs 199 crore from Gujarat Metro Rail Corporation.
On Tuesday, Punjab & Sind Bank share closed on the NSE 0.31 per cent up at Rs 32.75.
MOIL: Ajit Kumar Saxena has been appointed as the chairman and managing director of the mining company till 2025. Currently, Usha Singh is holding the position as an additional charge.
On Tuesday, MOIL shared closed on the NSE 2.31 per cent up at Rs 159.30
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ICICI bank-Videocon loan fraud case: CBI Court gives 2 days custody of Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot to CBI.
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On Crude Prices:
“WTI Crude oil ended flat on Tuesday after hitting a session high of around $81.20/bbl. In today’s early session crude is trading mildly higher just above $79.50/bbl mark. Recently oil has been supported by refinery closures in the US due to severe winter storm Elliott, further relaxation in COVID restrictions in China and Russia’s response to G7 and EU’s price cap on Russian oil. Crude might continue to take cues from China’s COVID stance as well reopening of refineries as US weather comes to normal. On the technical front, we maintain that the bulls might target $81.50 before we see some corrective move as 52 DMA resistance is placed near $81.76/bbl that could limit further gains in oil,” said Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research Kotak Securities Ltd. -
On Gold Prices:
“COMEX Gold is trading a tad lower in the early session today after good gains in the previous session. On Tuesday Gold spiked to as high as $1841.9/oz as dollar weakened. However, the close was much lower near $ 1823/oz as rising US treasury yields capped the gains. Holdings in SPDR gold witnessed an inflow of 5.5 tons or 0.60 as on Dec 27. The inflow was the biggest inflow in one day (in tons) since 17th June 2022. We expect the prices to remain range bound amid lack of triggers and thin volume amid year-end holiday season. On the price front we maintain that the range bound move will continue until the range of $1778-1830/oz breaks on closing basis,” said Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research Kotak Securities Ltd
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New Delhi: Tata Group has decided to transfer the holdings of Tata Unistore and Tata Cliq under Tata Digital. This will make Tata Digital the sole entity for all shopping ventures of the Tatas, including Tata Neu, Big Basket and Croma.
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OPENING BELL: Sensex slips 115 points to 60,811.52 as market opens. Nifty falls 47.55 points to 18,084.75.
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