Nifty50 13,601 ▲ 134 (+1.0%)
Sensex 46,444 ▲ 437 (+0.9%)
Today, the markets extended their gains with broad-based participation, as 42 of the Nifty50 stocks closed higher.
All sectoral indices ended the day in the green with maximum gains seen in the Nifty Realty (+3.9%) and Nifty Media (+3.2%) indices.
Here are the top stories of the day.
| Top gainers | Today's change |
| Wipro | ▲ 5.7% |
| Cipla | ▲ 3.7% |
| Tata Steel | ▲ 3.4% |
| Top losers | Today's change |
| Hero Moto | ▼ 0.9% |
| Divi's Labs | ▼ 0.7% |
| Titan | ▼ 0.5% |
Here are the top stories for the day.
Tata Motors launches LCV
- Auto major Tata Motors has launched a light commercial vehicle (LCV) designed specifically for urban transportation. LCVs were among the fastest-growing segments in November, thanks to the rise in online shopping and the requirement of last-mile delivery logistics.
- Shares of Tata Motors were up 2.7% today and gained some lost ground after witnessing heavy selling earlier this week.
Ramco Systems soars on large deal
- Software maker Ramco Systems has inked a multi-million-dollar agreement with a global Fortune 500 brand to transform its payroll management system. This is the third Fortune 500 client acquired by Ramco Systems this quarter.
- Shares of Ramco Systems were up 6.8% today, and have risen nearly 700% since June 2020. The company has bagged several orders in its HR and ERP verticals in 2020.
Wonderla takes a joyride
- Shares of amusement park operator Wonderla gained 6.9% today after it announced that its Bengaluru park and resort will remain open on all days till 3 January 2021.
- After this date, the park will be open for four days a week, compared to three days earlier. Wonderla operates three amusement parks in Bengaluru, Kochi and Hyderabad.
Apple plans electric cars by 2024
- If all goes according to plan, you could be driving an Apple car soon. The iPhone maker aims to produce self-driving electric passenger vehicles by 2024. These vehicles could be powered by the company’s new battery design that debuted in the latest Macbooks. This could reduce battery costs and increase range.
- Interestingly, in 2017, Tesla CEO, Elon Musk, had reached out to Apple CEO, Tim Cook, to discuss the possibility of Apple acquiring Tesla. However, the meeting never happened. Tesla’s market value was 1/10th the current value at that time.
Closing bell
In the short term, sharp falls are usually followed by sharp recoveries. And this is particularly true in a broader uptrend. However, it is not clear whether the markets are completely out of the woods after the jolt on Monday. Meanwhile, global cues are positive today as most Asian and European indices were in the green.
Good to know
Equity diversification
It is the process of reducing investment risk by purchasing shares of companies in different sectors that react differently to market forces.
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Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.