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Stocks in News

*  ASTRA MICROWAVE: The company secured a Rs.171 crore IMD order to supply six Polarimetric Doppler Weather Radars.

*  TATA POWER: The company won a long-term order worth Rs.156 crore annually for 35 years, securing an LoI from REC’s arm to commission a 400 kV transmission line between Jejuri and Hinjewadi.

*  HONASA CONSUMER: The company will acquire 95% of BTM Ventures for an enterprise value of Rs.195 crore and plans to buy the remaining 5% within 12 months, marking its entry into the men’s personal care segment through the acquisition of Reginald Men.

*  VEDANTA: The company has been declared the successful bidder for the Genjana block, which contains nickel, chromium, and platinum group elements (PGE).

*  INTERARCH BUILDING: The company received a Rs.70 crore LoI for designing a pre-engineered steel building system.

*  NBCC: The company secured Rs.289 crore in orders, including desilting work for SAIL Bokaro’s cooling pond and civil, construction, and repair contracts for NALCO’s office and township.

*  INTERGLOBE AVATION: DGCA has summoned CEO Pieter Elbers on December 12, while two petitioners have filed a writ in the Delhi High Court against the Ministry of Civil Aviation, DGCA, and the company over operational disruptions causing flight cancellations; the company is taking necessary steps to address the petition.

*  HITACHI: The company has received a tax demand of nearly Rs.10 crore, including penalties, from the Lucknow tax authority.

Economic News

*  Equity MFs See Strong November Inflows Despite Sharp Debt Outflows: Actively managed equity mutual funds recorded robust inflows of Rs.29,911 crore in November, up 21% from October’s Rs.24,690 crore, led by broad-based buying across categories. Flexi-cap funds topped the charts despite a slight dip to Rs.8,135 crore, while large-cap, mid-cap, and small-cap funds all saw higher inflows month-on-month. Sectoral and thematic funds posted a sharp 36.5% rise to Rs.1,865 crore. Overall industry net inflows stood at Rs.32,755 crore, significantly lower than October’s Rs.2.15 lakh crore, as debt funds saw heavy outflows of Rs.25,693 crore due to withdrawals from overnight and liquid funds. SIP contributions softened marginally to Rs.29,445 crore. Hybrid schemes attracted Rs.13,299 crore, while passive funds received Rs.15,385 crore. NFO activity remained strong with 24 launches garnering Rs.3,126 crore, including Rs.2,458 crore into active equity NFOs.

Global News

*  UK Christmas spending rises despite weak festive demand and cautious consumers: Britons are expected to spend £24.6 billion on Christmas this year, up 3.5% from 2024, even as festive trading began slowly, according to PwC. Average per-adult spending is seen rising to £461, mainly on food, drink, Christmas meals, and health and beauty. However, with inflation at 3.6%, real volumes remain flat. Many consumers planning to cut back cited the rising cost of living, while spending in November stayed muted ahead of the budget, with Barclays card data showing a 1.1% decline and BRC reporting its slowest retail growth since May. A mild autumn dampened fashion sales, especially coats and boots. PwC expects spending to improve once post-budget financial clarity returns, even as it recently predicted the sharpest drop in U.S. holiday spending since the pandemic.

Technical Snapshot

Key Highlights:

NIFTY SPOT: 25898.55 (0.55%)

TRADING ZONE:

Resistance: 26050 (Multiple Touches) and 26220 (Key Resistance).

Support: 25800 (Multiple Touches) and 25700 (Key Support)

BROADER MARKET:INLINE MIDCAP 150: 59578.05 (0.97%),

SMALLCAP 250: 17228.05 (0.81%)

VIEW: Bearish till below 26050 (Multiple Touches).

BANKNIFTY SPOT: 59209.85 (0.42%)

TRADING ZONE:

Resistance: 59600 (Multiple Touches) / 60114 (Key Resistance)

Support: 58800 (Pivot Level) / 58500 (Key Support)

VIEW: Bullish till above 58500 (Key Support)

SEBI Registration number is INH000000081.

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