Positive Buzz

• Indian equities are anticipated to open higher on Thursday, December 11, tracking robust global cues following the US Federal Reserve's decision to cut its benchmark interest rate by 0.25 basis points for the third time. This move is generally considered supportive for global risk assets.
• Bank of India successfully raised ₹2,500 crore through Basel III compliant Tier II bonds at an annual interest rate of 7.28%, aimed at augmenting its capital and enhancing long-term resources.
• Tata Steel's board has approved the acquisition of a 50% stake in Thriveni Pellets for 6.36 billion rupees. Additionally, Tata Steel has signed a deal with Lloyd Metals and Energy to explore opportunities in iron-ore mining and logistics.
• Bharat Rasayan shareholders have until December 11 to purchase shares to be eligible for the company's 1:1 bonus issue and a 1:2 stock split, with the stock trading ex-date on December 12.
• TVS Supply's board has approved an investment.

Neutral Developments

• IndiGo is under watch as its CEO is scheduled to appear before a Directorate General of Civil Aviation (DGCA) hearing today. The airline also reported a cut in its December-quarter.
• IRB Infra has announced its November toll figures.
• Several IPO-related activities are underway, with the basis of allotment for Corona Remedies IPO and Wakefit Innovations Ltd. IPO being finalized, and HRS Aluglaze IPO and Pajson Agro India IPO opening for subscription. Shares of Western Overseas Study Abroad and Luxury Time are also set to list.
• Technical analysis suggests that the Nifty 50 has immediate support at 25700, while resistance levels are identified between 25900 and 26000. Analysts expect the Nifty to trade within a tight range.

Negative News

• The Indian benchmark indices, Sensex and Nifty, extended their losing streak for the third consecutive session on Wednesday, December 10, closing at nearly a month's low.
• Life Insurance Corporation of India (LIC) has received a tax demand order amounting to 23.7 billion rupees, including interest, from the Mumbai tax authorities.
• Bandhan Bank and Sammaan Capital have been placed under the Futures & Options (F&O) trading ban by the National Stock Exchange (NSE) after crossing 95% of the market-wide position limit.
• Foreign portfolio investors (FPIs) have shown significant outflows, selling domestic equities worth $1.56 billion in December so far, positioning 2025 as potentially the biggest year for FPI selling in Indian equities, with total outflows around $18 billion.
• Sectorally, the Nifty Bank, Nifty Consumer Durables, Nifty Midcap 100, and Nifty Smallcap 100 all closed lower on December 10.
• The derivatives setup for Nifty indicates a cautious undertone, with the Put-Call Ratio (PCR) slipping to 0.54, suggesting heightened caution and more defensive positioning among investors.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex

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