As per provisional closing data, the barometer index, the S&P BSE Sensex, declined 170.12 points or 0.23% to 72,240.26. The Nifty 50 index lost 47.30 points or 0.22% to 21,731.40.

In the past one year, the Nifty jumped 20.03%, Sensex gained 18.74% and Bank Nifty increased 12.34%.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.85% and the S&P BSE Small-Cap index added 0.69%.

The market breadth was positive. On the BSE, 2,022 shares rose and 1,744 shares fell. A total of 125 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 4.21% to 14.50.

New Listing:

Shares of Innova Captab closed at Rs 545.65 at 15:25 IST on the BSE, representing a premium of 21.8% as compared with the issue price of Rs 448.

The scrip was listed at Rs 456.10, exhibiting a premium of 1.81% to the issue price.

So far, the stock has hit a high of 547.30 and a low of 452. On the BSE, over 28.88 lakh shares of the company were traded in the counter so far.

Stocks in Spotlight:

RailTel Corporation of India rallied 15.03% after the company received the work order amounting to Rs. 120.45 crore (Including GST) from South Central Railway for comprehensive signalling and telecommunication works for provision of automatic block signalling system in Yermaras-Nalwar section of Guntakal division in South Central Railway.

Kalpataru Projects International (KPIL) surged 7.63% after the company along with its joint ventures (JVs) and international subsidiaries has secured new orders worth Rs 3,244 crore.

India Shelter Finance Corporation rallied 6.25% after the company?s consolidated net profit jumped 67.3% to Rs 60.22 crore in Q2 FY24 as compared with Rs 35.99 crore recorded in Q2 FY23. Total income stood at Rs 210.55 crore in Q2 FY24, registering a growth of 45.9% as against Rs 144.35 crore posted in Q2 FY23.

GE T&D India was locked in an upper circuit of 5% after the company announced that it has received an order worth about 74 million GBP for supply & manufacturing of HVDC converter transformer.

Swan Energy shed 0.92%. The company said that its board has approved a proposal to raise funds through issuance of instruments or security including equity shares or any other eligible securities for an amount not exceeding Rs 4,000 crore.

Power Grid Corporation of India fell 0.61%. The state-run power transmission firm said that a special committee of the board has approved raising upto Rs 2,200 crore through bonds.

Shakti Pumps (India) rose 1.38% after the firm bagged order worth Rs 258 crore from Haryana Renewable Energy Department (HAREDA) for 6,408 pumps.

Global Markets:

European shares advanced while Asian stocks traded mixed on the last trading day of 2023, with investors assessing prospects of electric-vehicle companies after China?s Xiaomi unveiled its first EV. Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China?s oversaturated electric-vehicle market.

US stocks finished marginally higher Thursday, closing in on a new all-time high in the penultimate trading day of what?s been a strong year for stocks.

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