Indices at previous closing
Nifty50: 16,955 ▲+184 (+1.1%)
Sensex: 56,930 ▲+611 (+1.0%)
Nifty Bank: 35,029 ▲+421 (+1.2%)
For more updates on F&O, click here.
L&T bags significant orders
The company’s construction arm has bagged a significant order from a reputed developer. According to the filing, the order secured by its building and factories business is in the range of ₹1,000 crore to ₹2,500 crore.
As per the order, the company has to construct one of the largest residential townships in Bengaluru. The project is to be completed in 42 months. Meanwhile, shares of Larsen & Toubro were up 2.6% yesterday.
Yes Bank’s big fund-raising plan
The lender’s board has given its nod to raise ₹10,000 crore by issuing equity shares or debentures. This comes at a time when the bank is planning to set up a new asset reconstruction company to transfer its bad loans.
This, the management reportedly said, will help the bank focus on growth. It added that it is also working on reducing the non-performing assets, according to reports. Shares of the bank were up 5% on Tuesday.
FMCG sales drop sharply in Maharashtra
Among the Indian states, Maharashtra witnessed the biggest drop in fast moving consumer goods (FMCG) sales in November this year, according to a retail intelligence platform. Experts attributed this fall to shopkeepers going to their hometowns during the festive season and unseasonal rains damaging crops.
On a month-on-month basis, the sales of packaged consumer goods in Maharashtra fell by over a third. Also, six cities in the state were among the ten cities which witnessed the slowest pace of growth. Meanwhile, Nifty FMCG was up 0.4% yesterday.
Sectoral indices (December 22)
| Top gainers | Top losers |
| Nifty Realty ▲ 2.9% | NA |
| Nifty Pharma ▲ 1.9% | NA |
Global markets (at 8:00 am today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.6% |
| Nikkei 225 (Japan) | ▲ 0.3% |
| Hang Seng (Hong Kong) | ▲ 0.6% |
| SSE Composite (China) | ▼ 0.0% |
| Dow Jones (US) (December 22) | ▲ 0.7% |
| NYSE (US) (December 22) | ▲ 0.7% |
| Nasdaq (US) (December 22) | ▲ 1.1% |
| S&P 500 (US) (December 22) | ▲ 1.0% |
Fact of the day
Nifty Bees, an exchange-traded fund that tracks the Nifty 50 index, recorded the highest traded volume in its 20-year history on the NSE on 20 December 2021.
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