Sensex jumps 700 factors, Nifty tops 17250; Bajaj Finserv, Tech Mahindra High Gainers

The Nikkei rose 0.7% whereas the Shanghai Composite rose 0.2%. The Dangle Seng, alternatively, declined 1.3%.

In US inventory markets, Wall Avenue indices closed increased on Monday, dropping some floor in Friday’s sell-off as traders hoped that the Omicron coronavirus model wouldn’t result in a lockdown following US President Joe Biden’s assurances.

The Dow Jones gained 0.7% whereas the Nasdaq Composite rose 1.9%.

Again dwelling, Indian inventory markets have opened on a powerful word. Using on optimistic international momentum, benchmark indices superior over 1% in early commerce.

Go Vogue in the present day launched Dalal Avenue. The corporate bought its shares within the vary of 655-690 to lift between November 17-22 10.1 billion via IPO

Earlier than itemizing, it was incomes a premium of 490 per share, a premium of 70% within the grey market.

in the meantime, Star Well being’s 72.5 billion IPO opens for subscription in the present day.

BSE Sensex is buying and selling up 628 factors. In the meantime, NSE Nifty is buying and selling with a acquire of 185 factors.

Bajaj Finserv and Tech Mahindra are among the many prime gainers in the present day.

Alternatively, Dr Reddy’s Lab is the worst hit in the present day.

Each BSE Mid Cap Index and BSE Small Cap Index are buying and selling up 1.9%.

All sectoral indices are buying and selling in inexperienced and realty sector and IT sector are the largest consumers.

Shares of Sheila Foam and Raymond hit 52-week excessive in the present day.

Rupee is buying and selling at 74.94 towards US Greenback.

Gold costs are buying and selling up by 0.1% 47,587 per 10 grams.

In the meantime, silver costs are buying and selling with a acquire of 0.2%. 61,784 per kg.

Crude oil costs climbed in the present day, extending a rebound from final week’s fall on rising hopes main producers halted plans so as to add crude provides in January amid uncertainty over the severity of the Omicron coronavirus outbreak.

Coal India share value is in focus in the present day in mining sector information.

State-owned Coal India on Monday introduced that its board has permitted an interim dividend of Rs. 9 per share.

The corporate mentioned it has mounted December 7 because the file date for the aim of cost of interim dividend on fairness shares for the monetary yr 2022. The date of cost of dividend is efficient from twenty first December 2021.

Extra not too long ago, it was reported that dispatches of coal to the ability sector for Coal India grew 22.7% to 291.72 million tonnes (MT) within the first seven months of the present monetary yr. Coal India had despatched 237.75 MT of coal to the ability sector within the April-October interval of 2020-21.

Coal provide to the ability sector additionally rose 21.7% to 47.67 MT final month, up from 39.17 MT within the year-ago interval.

Coal India contributes greater than 80% of the home coal manufacturing.

The corporate, which is eyeing one billion tonnes of gasoline manufacturing by 2023-24, will pump extra 1.22 lakh crore in initiatives associated to coal extraction, exploration and clear coal applied sciences by 2023-24.

this funding Rs 1.22 lakh crore might be used to finance a complete of 500 initiatives.

Shifting on to the information within the protection sector, state-run Hindustan Aeronautics (HAL) will manufacture 4 Gentle Utility Helicopters (LUH) underneath restricted collection manufacturing by 2022-23, in keeping with the federal government.

Minister of State for Protection Ajay Bhatt, in reply to a query within the Rajya Sabha on Monday, additionally mentioned that eight extra LUHs can be made by 2023-24.

This might be adopted by Collection Manufacturing (SP) manufacturing of the helicopters by HAL.

Be aware that the Protection Ministry had permitted the procurement of round 12 LUH from HAL 15 billion earlier this month.

The LUH has been designed and developed as a substitute for the older fleet of Cheetah and Chetak helicopters being operated by the Armed Forces.

The indigenously developed LUH is a brand new era helicopter within the 3-ton class with state-of-the-art expertise like Glass Cockpit with Multi-function Show (MFD) and is powered by a single turboshaft engine.

Hindustan Aeronautics share value is presently buying and selling up 0.7%.

Coming to the protection sector, check out the chart beneath, which reveals the highest 5 navy spending international locations on this planet as of 2019:

see full picture


In accordance with the report of SIPRI (Stockholm Worldwide Peace Analysis Institute), India was the third largest navy spender on this planet in 2019.

Here is what we wrote about it in an version of Revenue Hunter:

If you happen to look intently on the chart, you’ll notice that it’s going to proceed to be one of many highest spenders within the years to return.

This is because of China being the second largest spender proven within the chart.

With rising tensions between the 2 international locations, the motivation for India to stick with China is powerful.

All of it is sensible for the federal government to give attention to this sector in an enormous method within the close to future.

The federal government’s ‘Atmanirbhar’ will get an enormous enhance via native protection manufacturing. This may create worthwhile alternatives in protection shares for sensible traders.

This text is syndicated from

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