The Sensex and Nifty ended on a flat note after hovering in a narrow range for the third straight session on December 11, as investors awaited critical US inflation data due later in the day and India's CPI release on December 12. These reports are anticipated to provide clarity on the future rate trajectory for both economies. While auto and metal stocks saw gains, energy stocks underperformed. At the close, the Sensex gained 16.09 points or 0.02 percent to settle at 81,526.14, while the Nifty rose 31.75 points or 0.13 percent to 24,641.80. The market breadth showed 2,053 stocks advancing, 1,772 declining, and 109 remaining unchanged.
Bajaj Finance | CMP: Rs 7,107 | Shares gained over 2 percent a day after its investor meet where the company shared an upbeat guidance on customer franchise and talked about the Long-Range Strategy and AI pivot with analysts. Rajeev Jain, MD, Bajaj Finance said the NBFC aims to become BFL 3.0 – powered by fintech and AI – in its pivot over the next 4-5 years. “BFL is currently implementing 29 GenAI use cases across 25 work streams, which will deliver an annual cost save of Rs 150 crore in FY26 alone. But more importantly, GenAI adoption has helped us build a much clearer strategic roadmap,” Bajaj Finance said in its presentation to investors.
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PNC Infratech | CMP: Rs 347 | Shares zoomed over 12 percent after the company earned a bonus of Rs 4.4 crore due to the early completion of a road project in Uttar Pradesh. The company completed a Rs 738 crore project, awarded by the National Highways Authority of India, for the four laning of national highway-53, two months before its stipulated time, making it eligible to earn an early completion bonus.
Bharat Global Developers | CMP: Rs 1,073.50 | Shares were locked in 5 percent upper circuit after securing a Rs 650 crore annual contract from Tata Agro and Consumer Products for supplying premium agricultural commodities. The contract involves 'continuous supply of significant terms and conditions of premium agricultural commodities on demand, executed on a phased basis throughout the year', the company said in an exchange filing on December 11. Payment terms include 'periodic settlements aligned with delivery schedules', the company added.
Avenue Supermarts | CMP: Rs 3,714 | Global brokerage Goldman Sachs reiterated its bearishness on retail major Avenue Supermarts, the parent of supermarket player DMart, as its competitive moat faces increasing pressure. As a result, shares of the consumer firm slipped nearly three percent. The brokerage added that DMart does not have any competitive advantage in fresh food categories in urban settings, and large sections of India's grocery market are not addressable by DMart.
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Awfis Space Solutions | CMP: Rs 786 | Shares surged close to 10 percent after a major block deal involving 85.3 lakh shares worth Rs 606 crore took place on the bourses. While Moneycontrol couldn't immediately identify the buyers, CNBC TV-18 reported that Promoter Peak XV Partners Investments and shareholders Bisque Ltd and Link Investment Trust were expected to divest a 12.2 percent stake in the company.
HG Infra | CMP: Rs 1,502 | Shares rose over 3 percent to Rs 1,532 after the company announced that it has secured a letter of acceptance from the Ministry of Road Transport and Highways (MoRTH) for upgrading the newly-declared NH-227B Bahuvan Madar Majha to Jagarnathpur, popularly known as the 84 Kosi Parikrama Marg, in Uttar Pradesh.
Swiggy | CMP: Rs 521 | Shares dropped over 4 percent in early trade on December 11, erasing all of its previous day losses as investors rushed to book profits after the one-month lock-in period for anchor investors expired today. Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3 percent stake in the company, became eligible to trade, opening the doors for anchor investors to go ahead and offload 50 percent of their holdings in the stock if they wished to do so.
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ITI | CMP: Rs 360.50 | Shares witnessed strong selling pressure and plunged 7.5 percent as investors rushed to book profits off the stock after its stellar upmove in the last three sessions. Driven by strong trading volumes, the stock clocked in gains of around 34 percent in the past three sessions that took it to a record high of Rs 404 on Tuesday, leaving ample room for investors to take cash out partial profits.
Syngene International | CMP: Rs 906 | Shares extended gains to the second session, gaining close to 3 percent today. This comes a day after the company's promoter--biotech firm Biocon, sold a 1.19 percent stake in the CDMO player through a bulk deal. Biocon offloaded 80 lakh shares in Syngene International for an average price of Rs 857.68. though a bulk deal on December 10, raising Rs 686.14 crore from the stake sale. The Kiran Mazumdar-led Biocon held a 54.45 percent stake in Syngene International as of the company's latest shareholding data.
Asian Granito | CMP: Rs 74 | Shares rose over 6 percent after the company signed a joint venture agreement with UK-based companies--Shudh Investments Ltd and Klyn Stone. The three companies will together set-up a joint venture entity in England and Wales, named Klyn AGL Ltd, which will be involved in the trading business of large porcelain slabs, all type of tiles and quartz products throughout the UK.
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