Market Overview - India's Q2 GDP growth of 8.2% provided an initial boost to markets, leading the Nifty and BSE Sensex to record highs of 26,325.80 and 86,159 respectively [6] - Selling pressure in pharma and financial stocks caused a decline in indices, despite support from auto and IT sectors [6] Derivatives Insights - Derivatives data indicated noticeable call writing at the 26,250 strike and strong put interest at 26,150, suggesting a tight near-term trading range [6] - A sustained close above 26,300 is deemed essential to reignite bullish momentum in upcoming sessions [6] Company Developments - Bajaj Housing Finance is expected to see a block deal where promoter Bajaj Finance may sell a 2% stake at a floor price of Rs 95 per share, representing a 9% discount to the closing price of Rs 104.59 [6] - Hero MotoCorp reported dispatches of 604,490 units in November 2025, reflecting a 31% year-on-year growth [6] - Ambuja Cement successfully commissioned a 4 Million Ton Per Annum (MTPA) brownfield expansion of its Clinker Unit in Bhatapara, Chhattisgarh [6] - Hindustan Unilever Limited appointed Vandana Suri as Executive Director, Home Care, effective January 1, 2026 [6] - Amber Enterprises announced that its subsidiary IL JIN Electronics acquired an 80% equity stake in Shogini Technoarts Pvt Ltd for approximately Rs 506 crore [6] - IHCL's subsidiary, Roots Corporation Ltd, acquired a 51% stake in Pride Hospitality and ANK Hotels with investments of Rs 81.2 crore and Rs 109.3 crore respectively [6]
Stocks in news: Bajaj Housing Finance, Ambuja Cement, HUL, Hero MotoCorp
The Economic Times·2025-12-02 02:09