The Nifty closed 0.1% lower, slightly below the 26,200 mark. The BSE Sensex ended flat at 85,641. Nifty December futures is up to 26,330 at a premium of 155 points. Nifty December futures open interest down up by 3.36%. Nifty Options on Dec 2: Maximum Call open interest at 26,300 and Maximum Put open interest at 26,000.
Stock Market Today: All You Need To Know Going Into Trade On Dec. 2
Bajaj Housing Finance: Bajaj Finance plans to sell a 2% stake in the company, valued at Rs 1,740 crore. Bajaj Finance currently holds 88.70% stake in the company. The deal is likely to take place at Rs 96 per share, a 9.6% discount to the latest market price.
Bharat Dynamics: Secures Rs 2462 crore Defence Orders from Indian Army.
Raymond Realty: The company launched Project in BKC, Mumbai with a revenue potential of Rs 2,000 crore.
Hero MotoCorp: The company reported strong November auto sales, with total two-wheeler volumes rising 31.5% YoY to 6.04 lakh units. Scooter sales surged 92.5% to 65,362 units, while motorcycle sales grew 26.6% to 5.39 lakh units. Exports jumped 69.1% to 33,970 units, and domestic sales increased 29.7% to 5.71 lakh units, reflecting broad-based demand momentum across categories.
Maruti Suzuki: The company’s total production rose for the month of November by 25.7% year-on-year to 2.12 lakh units. Total PV Production increased by 25.9% YoY to 2.08 lakh units.
Bank of Maharashtra: The Government of India, to sell a 5% stake in Bank of Maharashtra via OFS with an additional 1% as a green shoe option. Currently, Government of India holds 79.6% stake in the company. The floor price for the Offer has been set at Rs 54 per share which is 6% discount from the last closing price.
Moil: The company increases prices for Mn-44% & above ferro-grade manganese ore by 3% and Prices for Mn-44% & below ferro-grade manganese ore by 3% and increases prices of all chemical grades by 3%.
Afcons Infra: Receives EPC orders worth Rs 884 crore in Nov for Civil infra works under marine & Industrial Biz unit.
Hindalco: The company completed the acquisition of 100% stake of EMIL Mines and Mineral Resources.
Syrma SGS: Groundwork begins for New PCB Manufacturing Plant in Andhra Pradesh.
Trent: Fiora Online merges with Fiora Hypermarket. Fiora Online and Fiora Hypermarket are step-down subsidiaries of the company.
SBI: Appoints Anindya Sunder as deputy MD Of finance.
Fineotex Chemical: Successfully Exercises Warrants on a preferential basis on Nov 21.
Coromandel International: Arm NACL Industries approves raising funds worth Rs 250 crore via rights issue.
Navin Fluorine: LIC to sell 2% stake in the company; shareholding decreases to 6.84%.
Minda Corp: Appoints Supratik Roy as the CEO of emerging businesses.
Nacl Industries: The company appointed N Shankar as CFO, Anish Mathew resigned as CFO. The company approves raising funds worth up to Rs 250 crore via rights issue.
NTPC: Kerandari Coal Mine in Jharkhand transferred from co to arm NTPC Mining.
Panorama Studios: Fixes Dec. 5 as record date for bonus issue in ratio of 5:2.
Indian Hotels: Arm Roots Corp buys 51% stake in ANK hotels for Rs 109 crore and In Pride Hospitality for Rs 81.2 crore.
Alembic Pharma: Prashant Khandelwal resigned as Head of International Business Formulations.
Amber Enterprises: Arm Acquires 80% Stake in Shogini Technoarts for Rs 506 crore.
IRB INFRA: Board approved selling expressway project in Gujarat to IRB InvIT Fund for Rs 513 crore.
GHV Infra Projects: Receives work order worth Rs 109 crore from GHV (India) For execution of Civil, MEP & finishing work of buildings Jamshedpur, Jharkhand.
Ambuja Cements: The company’s starts operations at 4 MTPA clinker unit in Bhatapara, Chhattisgarh. The company’s clinker capacity has now increased to 66 MTPA.
Force Motors: The company’s total sales rose for the month of November by 52.9% year-on-year to 2,883 units. Domestic sales increased 59.3% YoY to 2,765 units. Meanwhile, exports declined 20.8% YoY to 118 units.
NRB Bearings: Signs pact with Italy-based Unitec to form JV for manufacturing cylindrical roller bearings range. The company to hold Minimum 75% stake in the new JV Entity.
NMDC: The company's Nov iron ore production grew by 11% year-on-year at 5.01 MT and Nov iron ore sales grew by 4.3% at 4.17 MT.
Tech Mahindra: Board approved the merger scheme for LCC North Central Europe, B.V. with LCC Europe B.V.
Manappuram Finance: Board meet on Dec. 5 to consider raising funds worth Rs 500 crore via NCDs.
HUL: Appoints Vandana Suri as Executive Director of Home Care Business Unit. Srinandan Sundaram to take over as CEO of Unilever International.
Indusind Bank: Appoints Balaji Narayanamurthy as Chief Data officer.
Gopal Snacks: Starts commercial production at 63,085 MT Namkeen mfg unit at Modasa, Gujarat.
KEI Industries: Starts trial production at Ahmedabad greenfield unit; commercial production to begin from Dec 10.
Omaxe: To acquire 40% stake in Aquarise Developers for Rs 40,000. Post acquisition, Aquarise developers to become associate company.
Aditya Birla Capital: The company made an investment of Rs 300 crore in Aditya Birla Housing Finance via rights issue.
Crisil: Zak Murad resigns as Chief Technology & Information Officer, December 24 scheduled as last working day.
Updater Services: Appoints Surinder Kumar as interim group CFO.
Aegis Vopak Terminals: Board Meet on Dec 4 to Consider Fund raising via NCDs.
Reliance Industries: Arm star television productions merged with Arm Jiostar India.