As per provisional closing data, the barometer index, the S&P BSE Sensex, was up 371.95 points or 0.52% to 72,410.38. The Nifty 50 index advanced 123.95 points or 0.57% to 21,778.70. In five trading sessions, the Sensex rose 2.7% while the Nifty 50 climbed 2.97%.

The benchmarks, Nifty50 and Sensex hit a fresh all-time high of 21,801.45 and 72,484.34 respectively. Further, the Nifty Bank index also registered its fresh record high today at 48,636.45.

In the broader market, the S&P BSE Mid-Cap index gained 0.64% and the S&P BSE Small-Cap index added 0.20%.

The market breadth was negative. On the BSE, 1,825 shares rose and 1,963 shares fell. A total of 132 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.68% to 15.14.

New Listing

Shares of Azad Engineering were currently trading at Rs 674.10 at 10:11 IST on the BSE, representing a premium of 28.65% as compared with the issue price of Rs 524.

The scrip was listed at Rs 710, exhibiting a premium of 35.5% to the issue price.

So far, the stock has hit a high of 727.50 and a low of 670.05. On the BSE, over 7.69 lakh shares of the company were traded in the counter so far.

Stocks in Spotlight:

Adani Enterprise declined 1.07%. Adani Global, Mauritius, a wholly owned subsidiary of the company has executed a term-sheet for formation of joint venture (JV) with UAE-based Sirius International Holding on 28 December 2023.

Canara Bank rose 1.60%. The bank is in the process of listing its mutual fund subsidiary Canara Robeco Asset Management Company, on the stock exchanges by way of initial public offer (IPO).

Sula Vineyards rallied 4.36%. The company said its wine tourism has achieved new records over Christmas weekend. On December 24th, over 5,000 visitors entered the gates of Sula, a first for a single day. From December 23rd to 25th, visitor numbers also set single-day and three-day records, totaling over 12,000 visitors at Sula?s Nashik and Bengaluru wine tourism facilities.

Zomato declined 2.91% after the company received a show cause notice from the Directorate General of GST Intelligence, Pune Zonal Unit for an alleged tax liability of Rs 401.70 crore along with interest and penalty thereon.

Larsen & Toubro (L&T) shed 0.67%. The EPC major announced that its construction arm has secured large orders for its power transmission & distribution business in the Middle East region. As per L&T classification, the value of the ?Large? project lies between Rs 2,500 crore to Rs 5,000 crore.

Central Bank of India gained 2.45% after the bank announced that it entered into a strategic co-lending partnership with Kisetsu Saison Finance (India) to offer micro, small and medium enterprises (MSME) loans at competitive rates.

Confidence Petroleum India said that its subsidiary Confidence Enterprises has received Letter of acceptance from Bharat Petroleum Corporation (BPCL) for a contract worth Rs 67 crore.

KP Energy was locked in an upper circuit of 5% after the firm informed that its board of directors is scheduled to meet on Saturday, 30 December 2023 to consider the proposal for issue of bonus equity shares.

Life Insurance Corporation of India (LIC) gained 1.43% after the life insurer announced the appointment of S Sunder Krishnan as the chief risk officer (CRO) of the company, with effect from 27 December 2023.

Global Markets:

Markets in Europe and Asia advanced on Thursday.

On Wednesday, US stocks closed higher, with the S&P 500 inching up to 4,781.58 and the Nasdaq Composite adding to 15,099.18. The Dow Jones Industrial Average also rose by 111.19 points to close at 37,656.52.

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