KEY HIGHLIGHTS
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Adani Green Shares Hits 52-Week High
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Gulshan Polyols Jump On Ethanol-Supply Order
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Brigade Enterprises Stock At Record High On Signing Rs 2,100-Crore Housing Project Deal
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Ambuja Cements Shares Rise 7%
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Sensex, Nifty Off Record-Highs As Infosys, L&T, HCL Tech Drag; Realty Stocks Fall: Midday Market Update
FPIs Stay Net Buyers
Overseas investors stayed net buyers for the eighth consecutive session on Tuesday.
Foreign portfolio investors bought stocks worth Rs 5,223.51 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors after being buyers in the last two session turned net seller and sold stocks worth Rs 1,399.18 crore, the NSE data showed. This is the highest selling since Jul. 20, 2023.
Foreign institutions have been net buyers of Rs 1,25,935 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.
Yield On The 10-Year Bond Ends Flat
The yield on the 10-year bond closed flat at 7.26% on Tuesday.
Source: Bloomberg
Rupee Ends Flat Against The U.S. Dollar
The local currency ended 1 paise lower against the U.S. dollar at 83.38 on Tuesday.
It closed at 83.37 on Monday.
Source: Cogencis
Sensex, Nifty Close At Another Record High After Six-Day Rally: Closing Bell
Benchmark indices ended at their highest closing level in the second consecutive session after rising consecutively in the sixth session. Both the indices also hit new intraday highs today.
The gains were led by banking and Adani stocks. Shares of Adani Enterprises jumped and those of Adani Enterprises ended around 17% higher and Adani Ports jumped over 14%.
The NSE Nifty 50 ended 168.30 points, or 0.8% higher, at 20,855.10 on Tuesday, while the S&P BSE Sensex gained 431.02 points, or 0.6% to close at 69,296.14.
"Markets scaled fresh record highs on the back of impressive gains led by power, oil & gas and banking stocks, as investors continue to bet big on India growth story with fresh election victory for the ruling party in recent state elections further aiding the sentiment," said Prashanth Tapse, senior vice president of research at Mehta Equities Ltd.
Meanwhile, Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy said,"Despite a broad-based rally, the fear gauge India VIX is also going up. Traders are advised caution for the next two days until the RBI’s Monetary Policy Committee concludes."
"The market is already overheated and a policy change or an unfavorable commentary may elicit a sharp reaction from the market," he added.
Shares ICICI Bank Ltd., Adani Enterprises Ltd., Adani Ports and Special Economic Zone Ltd., HDFC Bank Ltd., and Reliance Industries Ltd., contributed the most to the gains while Infosys Ltd., Larsen & Toubro Ltd., HCL Technologies Ltd., ITC Ltd., and Bajaj Finance Ltd.,capped the upside.
Most sectoral indices gained with Nifty Energy and Nifty Metal rising over 3%. However, Nifty Media, Nifty IT, Nifty Realty, and Nifty FMCG fell.
The broader markets underperformed the S&P BSE MidCap Index was up 0.14%, whereas S&P BSE SmallCap Index was 0.12% higher. Five sectors out of 20 sectors compiled by BSE advanced.
The market breadth was skewed in favour of the sellers. About 1,787 stocks rose, 1,969 declined, and 119 remained unchanged on the BSE.
Nifty Hits Fresh Life High
Most European Markets Trade Higher
Bank of Baroda Has 10.3 lakh Shares Change Hands
10.3 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 210.95 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Adani Green Shares Hits 52-Week High
Shares of Adani Green Energy Ltd was locked in 20% upper circuit and hit its 52-week high at Rs. 1,348.50 after it raised $1.36 billion construction facility in the latest funding from international banks in one of the largest project finance deals in Asia.
The stock has risen about 44% since its November lows. Today, the investor sentiment was also driven by gains in all Adani group stocks. The stock's RSI was at 86.03, hinting that the stock may be overbought. One analyst tracking the company has a "sell" recommendation for the stock.
Sapphire Foods Has 24.6 Lakh Shares Change Hands
As many as 24.6 lakh shares or 3.9% equity of Sapphire Foods India Ltd changed hands in a large trade on Tuesday.
The shares were sold at Rs 1,376.10 apiece, according to Bloomberg.
Gulshan Polyols Jump On Ethanol-Supply Order
Shares of Gulshan Polyols Ltd. hit the highest level in over four months on Tuesday after the company announced that it will supply 89,404 kilolitres of ethanol from its 500 KLPD Ethanol plant at Boregaon to Oil Marketing Companies.
The contract's order value is worth Rs 571.5 crore and the time period for which the company will supply ethanol to the OMCs till the end of October 2024.
Gulshan's stock rose as much as 7.77% during the day on the NSE to Rs 240 apiece, the highest since July 14. It pared gains to trade 1.75% higher at Rs 226.60 apiece compared to a 0.56% advance in the benchmark Nifty 50 as of 12:55 p.m.
It has risen 7.91% on a year-to-date basis. The total traded volume so far in the day stood at 26 times its 30-day average. The relative strength index was at 68.12.
An analyst tracking Gulshan has a 'buy' rating for the stock, according to Bloomberg data.
Brigade Enterprises Stock At Record High On Signing Rs 2,100-Crore Housing Project Deal
Shares of Brigade Enterprises Ltd. hit record high on Friday after the company signed an agreement worth Rs 2,100 crore for a residential housing project in Bengaluru.
As part of the joint development agreement with Krishna Priya Estates Pvt. and Micro Labs Ltd., the real-estate company will develop 14 acres at Yelahanka and it will have a developable area of around 2 million square feet, according to an exchange filing on Thursday.
Brigade Enterprises' stock rose as much as 6.77% during the day to Rs 763 apiece on the NSE. It pared gains to trade 4.74% higher at Rs 748.50 apiece, compared to a 0.13% advance in the benchmark NSE Nifty 50 as of 10:52 a.m.
It has risen 61.21% on a year-to-date basis. The total traded volume so far in the day stood at 5.4 times its 30-day average. The relative strength index was at 74.
Fourteen out of the 15 analysts tracking Brigade Enterprises maintain a 'buy' rating on the stock, while one suggests a 'sell', according to Bloomberg data. The average of 12-month price targets given by analysts implies a potential upside of 57%.
Kesoram Industries To Retain, Strengthen Rayon Business
Kesoram Industries to retain, strengthen, restructure rayon business
Kesoram Industries's debt seen at Rs 200 crore after UltraTech dealUltraTech to take over Kesoram's Rs 1,800 crore high-cost debt
Source: Cogencis
Ambuja Cements Shares Rise 7%
Shares of Ambuja Cements Ltd. rose to a 10 month-high on Tuesday after it announced plans to acquire additional stake in Sanghi Industries Ltd.
Ambuja Cements will acquire an additional 2.23% stake in Sanghi Industries for Rs 121.90 per equity share, an exchange filing said. The company has already acquired 54.51% stake in Sanghi Industries for Rs 5,185 crore.
The acquisition was funded through internal accruals, with Ambuja Cements now controlling a majority stake in Sanghi Industries. Post acquisition Ambuja's consolidated capacity has increased to 74.6 MTPA from the earlier 68.5 MTPA.
Shares of Ambuja Cements rose as much as 7.55%, it traded at this level on Jan. 4. last, before paring gains to trade 5.69% higher at 11:38 a.m. This compares to a 0.29% advance in the NSE Nifty 50.
The stock has fallen 4.45% on a year-to-date basis. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 85.
Of the 43 analysts tracking the company, 30 maintain a 'buy' rating, five recommend a 'hold,' and eight suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 11.7%.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
Sensex, Nifty Off Record-Highs As Infosys, L&T, HCL Tech Drag; Realty Stocks Fall: Midday Market Update
India's benchmark indices came of its all time high, paring some of its earlier gains as shares of Larsen & Toubro, HCL Technologies Ltd., Hindustan Unilever Ltd. declined.
In early trade, the NSE Nifty 50 gained 0.79% or 160.80 points and touched an all-time high of 20,849.60. Similarly, the BSE Sensex rose 0.75% or 516.19 points to an record high of 69,381.31
At 11:57 a.m., the NSE Nifty 50 was 69.75 points, or 0.34% higher, at 20,756.55, , while the S&P BSE Sensex was trading 214.08 points, or 0.31% higher at 69,079.20
"A 'buy on dips' strategy is recommended, supported by stability in global markets, a favorable trend in crude oil prices, and robust inflows from FII and Domestic Institutional Investors DII," said Shrey Jain, founder and CEO, SAS Online - India's Deep Discount Broker.
Infosys Ltd., Larsen & Toubro Ltd., HCL Technologies, Hindustan Unilever Ltd., and IndusInd Bank Ltd. were weighing on the benchmark indices.
HDFC Bank Ltd., ICICI Bank Ltd., Adani Enterprises Ltd., Adani Ports and Special Economic Zones Ltd., and SBI were adding positively to the indices.
Sectoral indices were trading on a mixed note with seven sectors out of 13 advancing, and six declining. Nifty Metal and Energy gained the most among sectors while Nifty Media and Realty fell the most.
The broader markets underperformed the S&P BSE MidCap Index was down 0.36%, whereas S&P BSE SmallCap Index was 0.03% lower. Six out of 20 sectors compiled by BSE declined, while 14 sectors advanced. S&P BSE Realty and BSE IT declined the most.
The market breadth was skewed in favour of the sellers. About 1,967 stocks fell, 1675 rose, and 146 remained unchanged on the BSE.
Honasa Consumer Has 62.9 Lakh Shares Change Hands
As many as 62.9 lakh shares or 2% equity of Honasa Consumer Ltd., the parent of Mamaearth, changed hands in a large trade on Tuesday.
The shares were sold at Rs 379.15 apiece for an aggregate value of Rs 238 crore, according to Bloomberg.
The scrip fell as much as 2.63% to Rs 374 apiece, the lowest level since Nov 23. It pared losses to trade 1.72% lower at Rs 377.50 apiece, as of 12:03 p.m. This compares to a 0.4 advance in the NSE Nifty 50 Index.
Total traded volume so far in the day stood at 2.3 times its 30-day average. The relative strength index was at 53.61.
The one analyst tracking the company has a 'buy' rating for the stock, according to Bloomberg data. The average 12-month consensus price target implies an upside of 40.2%.
Hindustan Construction Jumps Over 9%
Shares of Hindustan Construction Co rose to touch the highest in over five years on Tuesday after the company announced that it will sell its entire stake in Switzerland construction unit to a French company for Rs 928 crore.
HCC's stock rose as much as 9.09% during the day on the NSE to Rs 32.40 apiece, the highest since February 2018. It pared gains to trade 6.57% higher at Rs 31.65 apiece compared to a 0.74% advance in the benchmark Nifty 50 as of 10.48 a.m.
It has risen 57.46% on a year-to-date basis. The total traded volume so far in the day stood at 3.8 times its 30-day average. The relative strength index was at 60.49.
Adani Twins Hit Upper Circuit of 10%
Adani Enterprises rose to Rs 2,807, highest since Feb. 1
Adani Ports & SEZ rose to Rs 966.5, highest since Sept. 21, 2022
Source: Cogencis
Adani Green Shares Jump 19%
Shares of Adani Green Energy Ltd rose as much as 19.24% today after its raised $1.36 billion construction facility in the latest funding from international banks in one of the largest project finance deals in Asia.
The stock has risen 43.4% since its November lows. Today, the investor sentiment was also driven by gains in all Adani group stocks. The stock's RSI was at 86.03, hinting that the stock may be overbought. One analyst tracking the company has a "sell" recommendation for the stock.
Adani Stocks Add Over Rs 95,195 Crore To Investor Wealth
All stocks of Adani Group extended gains on Tuesday after a report said that the US provided financing to the conglomerate's port terminal in Sri Lanka after concluding that allegations by Hindenburg Research were not relevant.
The gains on Tuesday were led by Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd. The group's market capitalisation rose as much as Rs 95,195 crore to over Rs 12.88 lakh crore in early trading. It gave up some of the gains with the market value at Rs 12.80 lakh crore, adding Rs 86,097 to investor wealth, at 10:33 a.m.
The fresh trigger came as the Bloomberg reported that International Development Finance Corp. was satisfied that the short-seller’s claims weren’t applicable to Adani Ports & Special Economic Zone Ltd., the company spearheading the Colombo project. Around the same time, Adani Green Energy Ltd. announced that it raised $1.36 billion from a consortium of eight international banks as project finance.
That came amid a market-wide rally after the BJP's astounding victory in the three Hindi belt states. The conglomerate's plan to ramp up capex to drive growth has also added to investor confidence.
Bank Of India Looks To Raise Funds Through QIP
Bank looks to raise Rs 4500 crore
Announcement expected this week
Source: People in the know
Zee Entertainment Has 10 Lakh Shares Change Hands
10 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 258.75 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Ambuja Cements Completes Sanghi Industries Acquisition
Completed acquisition of Sanghi Industries at Rs 5,185 crore enterprise value
Capacity increased from to 74.6 from 68.5 MTPA
Sanghi Industries deal funded via internal accruals
Source: Exchange Filing
Power Grid Has 15.4 Lakh Shares Change Hands
15.4 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 213.35 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Yield On The 10-Year Bond Flat
The yield on the 10-year bond opened flat at 7.27% on Tuesday
It closed at 7.27% on Monday
Source: Bloomberg
Rupee Opens Flat Against The U.S. Dollar
The local currency opened 1 paise lower against the U.S. dollar at 83.38 on Tuesday.
It closed at 83.37 on Monday.
Source: Bloomberg
Sensex, Nifty Open At Fresh Highs: Opening Bell
Benchmark indices in India saw another day of gains on Tuesday as both of them hit their fresh lifetime highs in the second consecutive session.
The rally was led by banking stocks, with the Nifty Bank also hitting a fresh high in the second consecutive session.
At pre-open, the S&P BSE Sensex Index was up 303.41 points, or 0.44%, at 69,168.53 while the NSE Nifty 50 was 122.10 points or 0.59% higher at 20,808.90.
Intraday, the Nifty 50 hit a fresh lifetime high of 20,813.10 points, Sensex hit a new high of 69,306.97 points, and Nifty Bank hit an all-time high of 46,933.15 points
Strong buying from FII and DII will help the market to move higher in coming days, hence traders and investors are advised to hold their long positions with trailing stop loss of 20500 levels, said Deven Mehata, research analyst at Choice Broking in a note.
"Also traders can implement buy on dips strategy with a strict stop loss of 20500," he added.
Shares of HDFC Bank Ltd., Axis Bank Ltd., Adani Enterprises Ltd., Reliance Industries Ltd., and ICICI Bank Ltd. gained the most while Infosys Ltd., HCL Technologies Ltd., Larsen & Toubro Ltd., Bajaj Auto Ltd., and Bajaj Finserv Ltd. capped the upside.
All sectoral indices rose except Nifty IT, which fell 0.7%. Nifty Bank rose the most by 0.78% followed by Nifty Metal and Nifty Energy.
The market breadth was skewed in the favour of buyers. About 2,064 stocks rose, 873 declined, and 115 remained unchanged on the BSE.
Sensex, Nifty At Fresh Highs In Pre-Open
At pre-open, the S&P BSE Sensex Index was up 303.41 points, or 0.44%, at 69,168.53 while the NSE Nifty 50 was 122.10 points or 0.59% higher at 20,808.90.
Asian Markets Trade Lower
Global Cues
U.S. Dollar Index at 103.59
U.S. 10-year bond yield at 4.25%
Brent crude up 0.19% at $78.18 per barrel
Nymex crude up 0.26% at $73.23 per barrel
GIFT Nifty was down 0.21%, or 44 points, at 20,816.50 as of 8:13 a.m.
Bitcoin was down 0.80% at 41,698.27
Trading Tweaks
Price band revised from 10% to 5%: Alkali Metal, Inox Wind Energy.
Price band revised from 20% to 5%: Borosil.
Price band revised from 20% to 10%: Munjal Auto Industries.
Move into short-term ASM framework: Man Infraconstruction, Wonderla Holidays.
F&O Cues
Nifty December futures fell 2.11% at 20,804.05 at a premium of 117.25 points.
Nifty December futures open interest increased by 5.92% by 11,777 shares.
Nifty Bank December futures increased 3.62% at 46,701.20 at a premium of 269.8 points.
Nifty Bank December futures open interest fell by 1.98% by 2988 shares.
Nifty Options Dec. 7 Expiry: Maximum put open interest at 20500 and maximum call open interest at 21000
Nifty Bank Options Dec. 6 Expiry: Maximum put open interest at 45000 and maximum call open interest at 48,000.
Securities in the ban period: Delta Corp, Indiabulls Housing Finance, India Cements, Zee Entertainment Enterprises.
Insider Trades
Thomas Cook: Promoter Fairbridge Capital (Mauritius) sold 4 crore shares between Nov. 30 and Dec. 1.
Bajaj Electricals: Promoter Niraj Holdings bought 4.71 lakh shares on Nov. 23. Promoter Rajivnayan Bajaj A/c Rishab Family Trust sold 4.71 lakh shares on Nov. 23
Jindal Stainless: Promoter JSL Overseas bought 15,425 shares on Dec. 1
Star Cement: Promoter Rajendra Udyog HUF sold 28,364 shares between Nov. 28 and Nov. 29.
Pledge Share Details
Emami: Promoter Suraj Finvest revoked a pledge of 36 lakh shares on Nov. 30 and promoter Diwakar Finvest created a pledge of 7.5 lakh shares on Nov. 28.
Block Deals
Computer Age Management Services: Great Terrain Investment sold 97.59 lakh shares (19.86%) at Rs 2,766.47 apiece, while India Acorn Icav bought 11 lakh shares (2.24%), Morgan Stanley Asia Singapore Pte. bought 7.61 lakh shares (1.54%), Societe Generale bought 12.11 lakh shares (2.46%), Abu Dhabi Investment Authority bought 4.9 lakh shares (0.99%), and Kotak Mahindra Mutual Fund bought 4.88 lakh shares (0.99%) at Rs 2,766 apiece, among others.
Bulk Deals
360 ONE WAM: Nirmal Bhanwarlal Jain sold 50 lakh shares (1.39%) at Rs 600.24 apiece, Madhu N Jain sold 30 lakh shares (0.83%) at Rs 600 apiece, and Venkatraman R sold 20 lakh shares (0.55%) at Rs 600.03 apiece. ICICI Prudential Value Discovery Fund bought 35 lakh shares (0.97%) at Rs 600 apiece.
Bharat Wire Ropes: Authum Investment & Infrastructure bought 3.51 lakh shares (0.51%) at Rs 296.74 apiece.
MTNL: Giriraj Ratan Damani bought 15 lakh shares (0.23%) at Rs 32.04 apiece.
Paisalo Digital: Silver Stallion bought 23 lakh shares (0.51%) at Rs 94.47 apiece.
Tide Water Oil Co. (India): Standard Greases And Specialities bought 7.63 lakh shares (4.38%) at Rs 1,364.81 apiece. PQR Consultants sold 3.65 lakh shares (2.09%) at Rs 1,353.14 apiece.
Zomato: Alipay Singapore Holding sold 26 lakh shares (3.05%) at Rs 112.7 apiece.
Stocks To Watch
HCL Technologies: The company is in talks with State Street Corp. to sell its entire 49% equity stake in joint venture State Street HCL Services for $170 million, or around Rs 1,417 crore. The amount will be in addition to the JV's net book value.
Coal India: The coal ministry projects total income for the company at Rs 1.41 lakh crore for FY24.
ONGC: The company will start oil production from KG Block in May, a government minister said.
Hindustan Construction: The company's Swiss unit, Steiner AG, will divest its entire stake in Steiner Construction SA for Rs 928 crore.
JSW Infrastructure: The company's wholly owned subsidiary, JSW Dharmatar Port Pvt., has entered into a share purchase agreement to acquire over 50% of PNP Maritime Services Pvt. for Rs 270 crore.
Mahindra & Mahindra Financial Services: Estimated overall disbursement at approximately Rs 5,300 crore in November, delivering 16% growth over the previous year.
Thomas Cook (India): The company's promoter entity, Fairbridge Capital (Mauritius) Ltd., reduced its 8.5% stake in the company via an offer for sale.
Bajaj Group: The market capitalisation of Bajaj Group crossed the Rs 10 lakh crore mark on Monday, driven mostly by gains in Bajaj Auto and Maharashtra Scooters.
Brigade Enterprises: Brigade Group signed a joint development agreement to develop luxury residences of around 0.4 million sq. ft. in Mysuru, with a gross development value of Rs 300 crores.
Graphite India: The company acquired a 31% shareholding in Godi India for a cash consideration of Rs 50 crore.
TVS Holdings: The company applied for the status of 'core investment company' with the RBI.
Alembic Pharmaceuticals: The company appointed Pradeep Chakravarty, w.e.f. Dec. 4, as Head of Global Quality (senior management personnel of the company).
Computer Age Management Services: Promoter entity Great Terrain Investment sold its 19.8% stake for Rs 2,700 crore via a block trade.
KP Energy: The company was awarded the contract for the development of a 464.10 MW balance of system package for an inter-state transmission system (ISTS) connected wind energy project to be developed in the state of Gujarat by NTPC Renewable Energy Ltd.
Gulshan Polyols: The company received an order worth Rs 572 crore to supply ethanol to OMC. The company will supply 89,404 KL of ethanol to BPCL, IOCL, and HPCL.
Indian Energy Exchange: The company's November volume stood at 9,136 million units, up 17.5% year-on-year. Total electricity volume for November was 8,371 million units, up 13% year-on-year.
MOIL: The company's manganese ore production jumped 35% year over year to 1.62 lakh MT in November.
DCB Bank: The bank's promoter has expressed its interest in investing up to $10 million by subscribing to additional equity shares of the bank.
KPI Green Energy: The company acquired a 99.90% stake in KPark Sunbeat Pvt. for a cash payment of Rs 2.26 lakh. It allotted 15.18 lakh equity shares with a face value of Rs 10 each at an issue price of Rs 830.15 per equity share.
Max Financial Services: Analjit Singh, the founder and chairman of Max Life Insurance Co., has formally stepped down from the position and as a member of the board as of Dec. 4.
Cupid: The company acquired a new land parcel in an industrial area near Mumbai. Through this, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms.
GIFT Nifty Hints At A Negative Open For Benchmarks
Share indices in Asia fell Tuesday, tracking the economic data of the region and overnight losses on its Wall Street peers amid concerns that aggressive bets about rate cuts by the U.S. Federal Reserve might be a cheery thought.
Markets in Japan declined after the consumer price index fell to 2.6% year-on-year in November, compared to the Bloomberg survey's expectation of a 3.0% reading for the month, Bloomberg reported. In October, CPI was at 3.3%.
Markets in South Korea also fell as the country reported a 3.3% year-over-year CPI for November, which is less than Bloomberg's estimate of a 3.5% reading for the month, Bloomberg reported. The CPI was at 3.8% in October.
The S&P 500 index and Nasdaq 100 fell by 0.54% and 0.84%, respectively, on Tuesday. The Dow Jones Industrial Average fell by 0.11%.
Brent crude was trading up 0.19% at $78.18 per barrel; Gold was higher by 0.22% at $2,033.97 an ounce.
GIFT Nifty was down 0.21%, or 44 points, at 20,816.50 as of 8:13 a.m.
India's benchmark indices ended at a fresh high, gaining 2% for the first time in a year, as investors cheered the Bharatiya Janata Party's win in three Hindi heartland states.
The NSE Nifty 50 ended 418.90 points, or 2.07%, higher at 20,686.80, while the S&P BSE Sensex gained 1,383.93 points, or 2.05%, to close at 68,865.12. The BSE Sensex and the NSE Nifty 50 had closed over 2% higher on Nov. 11, 2022 and Dec. 26, 2022, respectively.
Overseas investors remained net buyers of Indian equities for the seventh consecutive session on Monday.
Foreign portfolio investors mopped up stocks worth Rs 2,073.2 crore, while domestic institutional investors stayed net buyers in the last two sessions and bought stocks worth Rs 4,797.1 crore, the NSE data showed.
The Indian rupee weakened 7 paise to close at 83.37 against the U.S. dollar on Monday.
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