Indian benchmarks Sensex and Nifty finished negative for the last day of 2022 on Friday. Sensex fell 293 points to close at 60,840, while Nifty fell 85 points to close at 18,105. ICICI Bank (1.74%), Bharti Airtel (1.56%), HDFC (1.30%), ITC (1.22%), Nestlé India (1.12%) and L&T (1.15%) were the top losers for Sensex.
Let’s take a look at stocks that are likely to make news today.
Indian coal: Total coal production in December rose 10.3% year-on-year to 66.4 million tons. Water withdrawals increased by 3.6% to 62.7 million tons.
Hub: The company hit a record high of 141,321 tonnes in December, up 18% from November. The sales volume for the month was 164,235 tons, an increase of about 91% compared to November. In addition, the company raised prices in the range of 2.7% to 15% across all grades from Sunday.
Maruti Suzuki India: The company’s total vehicle sales in December fell 9% to 139,347 units. Domestic sales fell by more than 10% to 117,551 units. A shortage of electronic components has affected vehicle production, especially for domestic models.
Tata Motors: Total domestic sales in December increased by 10% to 72,997 units. As a result of our continued focus on retail during the quarter, retail sales increased 13% in December and 6.3% in the third quarter, outperforming wholesale sales. Passenger car sales increased by 14% from the previous month to 40,407 units.
Akshu Optifiber: The company has repaid outstanding dues to the Punjab National Bank through a full settlement agreement. Under the settlement, the company paid the lender Rs.550 crore.
Max India: A fire broke out at a care home facility in New Delhi’s Greater Kailash II on Sunday, killing two residents.
Also read: Nifty likely to trade range-bound amid no directional clues
Bank of India: Starting Sunday, the bank raised its marginal cost of funds lending rate by 10-15 basis points over the life of the loan. The revised interest rate on loans will range from 7.30% to 8.50%.
Power of Trust: The company has allocated 22.8 billion shares to its founder, Reliance Infrastructure. As a result, the parent company will own 22.7% of the company’s shares. Equity was allocated by converting debt into equity.
Ritual: A transportation consulting and engineering company has entered into an agreement with KIIFCON to jointly explore, identify, secure and execute consulting projects. As part of the agreement, the two companies, as partners, will provide consulting for transport and infrastructure projects in various sectors including airports, urban transport (subway) and railways, both domestically and internationally.
Sangi Industry: The Company’s Board of Directors will meet to consider and approve modifications to the terms of non-convertible debentures issued by the Company.
Shriram Finance: The company has secured $100 million in long-term funding from the Asian Development Bank (ADB). The $100 million External Commercial Borrowing (ECB) is a five-year loan.