Stock Market Today: All You Need To Know Going Into Trade On Jan. 2

Markets in Asia-Pacific region are set to start the first trading session of the year on a muted note.

Share indices in Australia edged higher, with the benchmark S&P ASX 200 trading 0.44% higher at 7,623.60.

Markets in Japan to remain close till Jan 4. A massive earthquake struck Japan's east coast, resulting major Tsunami. Six people died in the disaster.

The GIFT Nifty was trading 0.02% down at 21,870 as of 06:36 a.m.

India's benchmark indices ended the first day of 2024 little changed as market participants indulged in profit-booking after both indices hit record highs on Monday.

Intraday, both Nifty and Sensex hit a record high of 21,834.35 and 72,561.91, respectively.

Overseas investors were net sellers of Indian equities on Monday. Foreign portfolio investors offloaded stocks worth Rs 855.8 crore, while domestic institutional investors mopped up equities worth Rs 410.5 crore, according to provisional data from the NSE.

The Indian rupee weakened 3 paise to close at Rs 83.24 against the U.S. dollar.

• Life Insurance Corp.: The company increased its stake in Asian Paints from 4.995% to 5%. It also received a demand order cum penalty notice worth Rs 806.3 crore from Maharashtra tax authorities. The company will file an appeal before the Commissioner of Appeals, Mumbai, against the demand order.

• Hindustan Unilever: The company received a GST demand notice from five different states amounting to nearly Rs 450 crore.

• Gensol Engineering: The company approved raising funds up to Rs 300 crore via qualified institutional placement.

• SJVN: The company has received approval from the Department of Investment and Public Asset Management to set up four joint venture companies with the Ministry of Power.

• Coal India: The company recorded coal production at 71.9 MMT, up 8.2% YoY for December month and coal production at 531.9 MMT, up 11% YoY for 9 months.

• Bharat Heavy Electricals: That company has clarified that it still has not bagged the order worth Rs 19,400 crore from NLC India.

• Tata Motors: The carmaker reported December passenger vehicle sales at 1.38 lakh units, up 5% YoY; commercial vehicle sales at 34,180 units, up 1% YoY; and domestic sales at 76,138 units, up 4.3% YoY.

• TVS Motor: The company recorded December vehicle sales at 3.02 lakh units, up 25% YoY; two-wheeler sales at 2.9 lakh units, up 27% YoY; and three-wheeler sales at 11,834 units, down 17.5% YoY. The company's motorcycle sales were at 1.48 lakh units, up 19% YoY and electronic vehicle sales were at 11,232 units, up 1.5% YoY.

• Eicher Motors: The company recorded December motorcycle sales at 63,387 units, down 7% YoY and motorcycle exports at 6,096 units, down 29% YoY.

• Nestle India: The company received a GST demand order of Rs 46 crore. The company will challenge the order.

• APL Apollo Tubes: The company recorded Q3 total sales volume at 6.04 lakh tonnes, down 11% QoQ.

• Power Grid Corp: The company appointed Ravindra Kumar Tyagi as the chairman and managing director. It also received a letter of intent for a 20 GW inter-state transmission system in Rajasthan.

• UltraTech Cement: The company reported Q3 total sales volume at 26.06 MT, up 2% QoQ.

• GR Infraprojects: The company received a letter of intent for the establishment of a 1,000 MW transmission system in Madhya Pradesh. The project will have an annual transmission charge worth Rs 41.97 crore.

• Akzo Nobel India: The Tamil Nadu Goods and Services Department imposed a total liability of Rs 6.29 crore on the company.

• Religare Enterprises: The company received GST demands of Rs 35.92 crore and a penalty of Rs 3.59 crore from the Principal Commissioner, Central Goods and Service Tax, and the Central Excise Commissionerate of Chandigarh.

• Tinplate Company Of India: The National Company Law Tribunal has approved the merger of the company into Tata Steel.

• KFin Technologies: The company will not proceed with investment in Fintech Products and Solutions (India) Pvt. 

• Rites, MSTC: Manobendra Ghoshal has been relived from Rites and has been appointed as Chairman and Managing Director of MSTC, thereby ceased to be among the senior management of the company.

• JTL Industries: The company recorded its highest ever quarterly sales volume of 1,00,905 MT, up 76.05% YoY.

• South Indian Bank: The company recorded gross advances of Rs 77,713 crore, up 10.8% YoY, total deposits of Rs 99,164 crore, up 9.4% YoY, and a CASA ratio of 31.79%, down 204 basis points YoY, as of Dec. 31, 2023.

• NRB Bearings: Pankaj Khemka has resigned as chief financial officer of the company due to personal reasons.

• Kirloskar Pneumatic: The company has appointed Suhas S. Kolhatkar as vice president and CFO.

• SG Finserve: The company recorded a loan book for Q3-FY 2024 at Rs 1,888 crore, up 14% QoQ.

• Jindal Saw: Promoter group Shradha Jatia bought 41,396 shares on Dec. 29.

• Ultramarine and Pigments: Promoter group S Narayan sold 9,000 shares on Dec. 29.

• MTAR Technologies: Promoter group K Vamshidhar Reddy sold 26,000 shares on Dec. 28.

• Deccan Gold Mines: Promoter Rama Mines Mauritius sold 78,040 shares between Dec. 27 and Dec. 28.

• Arvind: To meet investors and analysts on Jan. 4.

• Krsnaa Diagnostics: To meet investors and analysts on Jan. 2.

• Price band revised from 10% to 5%: HPL Electric and Power.

• Ex/record Bonus Issue: Allcargo Logistics.

• Nifty January futures down by 0.26% to 21,830 at a premium of 88.10 points.

• Nifty January futures open interest down by 1.3%.

• Nifty Bank January futures down by 0.46% to 48,405 at a premium of 171 points.

• Nifty Bank January futures open interest down by 1.2%.

• Nifty Options Jan. 4 Expiry: Maximum Call open interest at 22,000 and Maximum Put open interest at 21,700.

• Bank Nifty Options Jan. 3 Expiry: Maximum Call Open Interest at 51,000 and Maximum Put open interest at 48,000.

• Securities in the ban period: Balrampur Chini Mills, Hindustan Copper.

The Indian rupee weakened by 3 paise to close at 83.24 against the U.S. dollar on Monday.