Indices at previous closing
Nifty50: 17,072 ▲+117 (+0.6%)
Sensex: 57,315 ▲+384 (+0.6%)
Nifty Bank: 35,191 ▲+161 (+0.4%)
For more updates on F&O, click here.
Hero Motocorp to hike prices
The two-wheeler maker will hike the prices of its two wheelers up to ₹2,000.
The price hike to offset the impact of rise in raw material costs is the third price hike in the last six months. Meanwhile, shares of the company rose around 2% yesterday.
Man Industries bags new orders
The steel pipe manufacturer has bagged new orders worth ₹225 crore. With these new orders, the company’s order book is worth around ₹1,700 crore, which is around 80% of its FY21 revenue.
The management has said that these new orders reflect a robust business environment. Meanwhile, shares of Man Industries were up 3% yesterday.
IPOs raise big buck
In 2021, 63 companies listed on the Indian stock exchange and raised ₹1.1 lakh crore from the equity markets, according to reports. This is double the amount which companies had raised through the IPO route in 2017, which was the previous best year for public issues.
Experts observed that the IPO rush was driven by new age technology-based startups and retail investors. To apply for IPOs on Upstox, click here.
Sectoral indices (December 23)
| Top gainers | Top losers |
| Nifty Realty ▲ 2.3% | Nifty Media ▼ 1.1% |
| Nifty PSU Bank ▲ 1.5% | NA |
Global markets (at 8:00 am today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.4% |
| Nikkei 225 (Japan) | ▲ 0.1% |
| Hang Seng (Hong Kong) | ▲ 0.0% |
| SSE Composite (China) | ▼ 0.4% |
| Dow Jones (US) (December 23) | ▲ 0.5% |
| NYSE (US) (December 23) | ▲ 0.5% |
| Nasdaq (US) (December 23) | ▲ 0.8% |
| S&P 500 (US) (December 23) | ▲ 0.6% |
Fact of the day
World's first text message was sold as a non-fungible token for $121,000.
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Investment in securities markets is 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.