Indices at 10:00 am
Nifty50 14,225 ▲ 78 (+0.5%)
Sensex 48,400 ▲ 226 (+0.4%)
Nifty Bank 32,033 ▲ 235 (+0.7%)
In the news
NMDC hikes prices
- State-owned iron ore producer NMDC has hiked prices of lump ore by 10% and fines by 4%, from yesterday. Prices were previously hiked on 15 December.
- Shares of NMDC have gained nearly 40% in Q3 and are already up 10% this month.
NCL’s cement dispatches jump
- The south-based cement maker's cement dispatches rose 45% YoY, in Q3. It even saw an increase in ready-mix concrete sales by 36% and cement board dispatches by 22%.
- Shares of NCL were up 4.1% today. Bullish trends were also seen in other south-based cement makers such as Dalmia Bharat (+2.5%), Ramco Cements Ltd (+2.0%), Sagar Cements (+1.6%) and India Cements (+0.8%).
Maharashtra slashes real estate levies
- Maharashtra has decided to cut construction premiums by 50% for a period of one year upto 31 December 2021. The state collects 22 premiums under heads such as staircases, lift well, and lobbies.
- The drop in levies will reduce construction costs, which is likely to make housing cheaper. Shares of Maharashtra-based developers such as Godrej Properties (+2.8%), Oberoi Realty (+3.4%), Sunteck Realty (+3.9%), and Kolte Patil (+3.5%) were up today.
Dixon spurts on new deal
- Contract manufacturer Dixon Technologies has inked an agreement with boAt, an electronics lifestyle brand. Dixon will manufacture twin wireless speakers for boAt.
- Shares of Dixon hit lifetime high today and rose 3.9%. The stock has been upbeat in 2020 having gained 253%.
Events in this week
- Thursday: Initial jobless claims (US)
Sectoral indices
| Top gainers | Top losers |
| Nifty Metal ▲ 3.4% | Nifty IT ▼ 0.7% |
| Nifty Realty ▲ 2.6% | Nifty Pharma ▼ 0.1% |
| Global markets | Today's movement |
| Nikkei 225 (Japan) | ▲ 1.8% |
| Hang Seng (Hong Kong) | ▼ 0.4% |
| SSE Composite (China) | ▲ 0.3% |
| Dow Jones (US) | ▲ 1.4% |
Fact of the day
We breathe roughly 25,000 times a day. But few of us are good at it.
Source: Spectator
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