Daily News Analysis 1) Indian Benchmark Indices bounce back | Motilal Oswal - Official📈💸

Daily News Analysis

1) Indian Benchmark Indices bounce back on the Bulls' back
After a choppy start to the week, the benchmark indices bounced back to the green zone, with the NIFTY50 and BSE SENSEX adding 111 and 403 points, respectively. Amongst the sectoral indices, NIFTY PSU Bank held the bulls for the second straight session, adding 166 points, whereas NIFTY FMCG layed low, erasing 70 points throughout the day.
   
2) Yes Bank re-enters the elite club of the top 100 companies.
Shares of Yes Bank Ltd. surged 30% in the last 3 days on the back of the approval received from the Reserve Bank of India to raise capital funds affiliated with global private equity investors Carlyle and Advent International. The bull rally in the stock has given it the ticket to re-enter the elite club of the top 100 most valuable firms (based on the market capitalization). The private bank now has a market capitalization of Rs 60,010 crores and is ranked 92nd in terms of overall market capitalization.


3) IPO Corner: Sula Vineyards, Abans Holdings, Landmark Cars, and K-Fin Technologies 
On its second day of the issue, Sula Vineyards Ltd. was booked for 47% of its total issue, with the retail portion booked for 81%. In contrast, Abans Holdings Ltd. saw a 25% booking to the issue, with the QIB portion fully booked. On the road ahead, KFIN Technologies announced its IPO would go live on December 19th. The price band for the IPO is yet to be announced.