Trade Setup for December 12: Nifty bulls look to reclaim 26,000 and reverse sell-on-rally trend
The market is attempting to reverse its short-term downtrend, and analysts say a move above 25,950 to 26,000 could open the way to 26,250 to 26,300.
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Firstsource completes 100% acquisition of UK-based Pastdue Credit for £22 million
Firstsource Solutions acquires Pastdue Credit Solutions for £22 million, expanding its UK debt-collection services and financial offerings. Shares of Firstsource Solutions Ltd ended higher on Thursday, December 11, by ₹4.40 at ₹340.30 on the BSE.
Rama Steel Tubes, subsidiary to acquire UAE-based Automech Group for ₹728 cr
Rama Steel Tubes Ltd and RST International Trading FZE to acquire 100% of UAE-based Automech Group for AED 296 million, expanding into new markets. Shares of Rama Steel Tubes Ltd ended higher on Thursday, December 11, by 8.51% at ₹10.97…
Vedanta declared successful bidder for Genjana nickel, chromium and PGE block
Vedanta Ltd has won the Genjana nickel, chromium and PGE block under Critical Mineral Auctions Tranche III, strengthening its critical minerals portfolio.
RRP Defense and Israel’s Meprolight join hands to bring advanced electro-optics to India
RRP Defense Ltd and Meprolight Ltd, Israel partner to bring advanced electro-optic defence technologies to India, supporting Make in India and Atmanirbhar Bharat at the Mahape facility.
After a rough ride, are IndiGo shares ready to climb again?
IndiGo faces profit pressure from flight cancellations and new pilot norms, but analysts remain bullish as shares close at ₹4,819 and most rate the stock a Buy despite trimmed earnings forecasts.
NBCC bags ₹289.4-crore orders from NALCO and SAIL Bokaro
The shares of NBCC (India) ended 1.57% higher in the session on Thursday, December 11. The stock has gained over 16% in the year so far. NALCO and SAIL ended 0.55% and 0.57% in the green today.
SEBI amends norms to broaden strategic investor definition for REITs, InvITs
Market regulator Sebi has broadened the definition of “strategic investor” for REITs and InvITs, aimed at widening investor participation in their public issues.
SEBI defers timeline to implement third phase of nomination framework for securities market
SEBI defers third phase of nomination framework for securities market, citing operational challenges. New implementation date to be announced later.
Kansai Nerolac Paints to sell entire 60% stake in Sri Lanka subsidiary
Kansai Nerolac Paints will sell its entire 60% stake in Kansai Paints Lanka to Sri Lanka-based Atire Private Limited. Shares of Kansai Nerolac Paints ended lower on Thursday, December 11, by 0.72% at 223 on the NSE.