Adani Transmission hit a record high of Rs 248, up 10% in intra-day trade, extending its previous day's 10% rally.
The stock hit 52-week high of Rs 1,130, up 8% on the BSE in early morning trade after the company said that its board approved the share buyback at price of Rs 1,200 per share through tender offer.
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
Derivative Strategy pick on Apollo Tyres by Devarsh Vakil & Nandish Shah - PCG Desk, HDFC Securities:
Bourse plans to launch futures trading in Indian stocks
He says as far as India is concerned, the IPO volumes have been over $12 billion this year, which is more than combined volumes of past six years
Unitech surged 11.86%, D B Realty 19.89%, Reliance Communications 4.05% and Sun TV Network 4.51% on the BSE
The rupee was also little changed, trading at 64.0825 per dollar compared to its 64.1000 close
All that happened in the market today
Adani Transmission has locked in upper circuit of 10% at Rs 225, while Reliance Infrastructure surged 7% to Rs 498 on back of three-fold jump in trading volumes on the BSE.
Varun Beverages, Motilal Oswal Financial Services, Sun TV Network, Eveready Industries, Future Consumer, Minda Industries were too hit 52-week highs in intra-day trade today.
KNR Constructions, Sadbhav Engineering, Simplex Projects, MBL Infra, HCC, Punj Lloyd, Gayatri Projects and Ramky Infra were more than 2% on the BSE
The largest IPO by proceeds was General Insurance Corp of India worth $1.7 billion in the region
The stock surged 10% to Rs 589, also its 52-week high on the BSE, on back of heavy volumes
M&M, Balkrishna Industries and Castrol India were down 3%, while Vakrangee hit a new high of Rs 405, up 7% on the BSE in early morning trade.
The stock hit a record high of Rs 924, up 4% on the BSE after Pidilite Industries said that its board will meet on December 26, to consider the proposal to buyback the equity shares of the company.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Strong AC segment prospects, rising margins in projects business to aid earnings
Sebi feels entry requirements for individuals and even brokers for the derivatives segment require more stringent rules
Growing the more profitable integrated India capacities will boost earnings