2022-12-08 15:58:35
Daily News Analysis 1) Indian benchmark indices end the week-long bear run -
On Thursday, after a brief rally, the Indian benchmark indices closed in the green, with the NIFTY50 adding 49 points to conclude at 18,609 and the 30 composite BSE SENSEX gaining 160 points overall to settle at 62,570.68. NIFTY PSU Bank increased by 4%, the most among the sectors indexes, while NIFTY Pharma decreased by 141 points, the most.
2) Dharmaj Crop Guard makes a fantastic start -
Following favourable market circumstances and strong IPO subscription numbers, shares of Dharmaj Crop Guard settled with more than 12% gains on their debut on December 8. The stock rose 17.7% to an intraday high of Rs 279 from its opening price of Rs 266 on the National Stock Exchange. For the most of the session, it traded in a narrow range and concluded at Rs 266.30, up 12.36% from the issue price of Rs 237 per share.
3) Oil recovers from 2022 lows due to tanker delays and prospects for Chinese demand - After four sessions of fall, oil rose on Thursday, supported by expectations that loosening anti-COVID regulations in China will stimulate demand as well as indications that some tankers carrying Russian oil have been delayed as a result of the implementation of a G7 price restriction. By 0905 GMT, Brent crude had increased by 29 cents, or 0.4%, to $77.46 per barrel, while U.S. West Texas Intermediate (WTI) petroleum gained 73 cents, or 1%, to $72.74.
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