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<ul><li>Estimates peg the current market size of structural pipes at ₹32,000-₹40,000 crore.</li><li>ERW pipes sector is expected to grow at 12-13% for FY24, followed by 8-9% for the next 4-5 years.</li><li>The companies in the sector gave good returns in the last one year, but still have juice left, say analysts. </li></ul>India’s infrastructure spending and construction are on a full swing. And, as a proxy play, the companies, which supply specialized pipes to builders, have been gaining in value. All the four listed companies that make structural pipes have given over 50% returns in the last one year. Structural pipes are also mostly used in construction and also other sectors like oil &amp; gas, water supply and agriculture. Within construction, steel tubes or Electrical Resistance Welding (ERW) pipes are gaining increased acceptance. Their usage helps bring down construction time and save carpet area. Since they increase the returns of builders, they’re becoming a popular choice for a variety of infrastructure projects. How big is the sector? The sector is also gaining from increased construction activity from public and private sectors alike. But the key trigger is rise in spending by the Indian government, whose capex grew at 27% CAGR between FY19-24. “Majority of the spending will be driven by road transport and highways, railways, and defence, which augurs well for ERW pipes demand, as almost all these segments need structural pipes,” says a report by PhillipCapital. Estimates peg the current market size of these pipes anywhere between ₹32,000-₹40,000 crore. “We expect ERW pipes to grow faster pace than the steel industry – at 12-13% for FY24, followed by 8-9% for the next 4-5 years, considering it is still in the process of replacing some traditional long products that were previously used in construction,” says PhillipCapital. And, there are more infrastructure building plans in the pipeline. Water-supply lines under <keyword id="7834202" type="General" weightage="50" keywordseo="jal-jeevan-mission" source="Orion">Jal Jeevan Mission</keyword> are also expected to aid demand for these pipes. The government’s plans to add more airports, upgrade railway stations and metro construction should also provide more demand levers ahead. The sector also has fewer players who dominate the sector and each of them have a sizable market share. Analysts also believe that the stocks have juice ahead in spite of a good run-up, due to its growth levers. One the sector stocks – <keyword id="212389" type="General" weightage="50" keywordseo="surya-roshni" source="Orion">Surya Roshni</keyword> has also given multibagger returns in the last one year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">APL Apollo </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">56.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hi-Tech Pipes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Surya Roshni </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">142% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JTL Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">82% </td></tr></tbody></table>Source: BSE Capex and growth ahead The companies in the sector are preparing for good volume growth ahead with aggressive expansion strategies. They are adding capacities, and also expanding their distribution footprint by establishing more stock keeping units. Added to that, their expansion plans are not leading to extensive debts by players – which is offering comfort to analysts. JTL raised funds through share warrants rather than debt to fund capacity expansion. “The company issued fully convertible warrants worth ₹3,840 crore to non-promoters in March 2023 to fund its 400,000 tonnes capacity addition at Raipur and Mangaon. This has led to a considerable reduction in its debt levels, improving its net debt to equity ratio,” said a report by Nuvama. <keyword id="429932" type="General" weightage="20" keywordseo="apl-apollo" source="Orion">APL Apollo</keyword>’s bet debt stood at ₹500 crore at the end of FY23. While it needs ₹600 crore more for capacity expansion, it also reduced its net working capital days to merely 7-8 days, affecting its borrowings in a benign manner. <keyword id="8105348" type="General" weightage="20" keywordseo="hi-tech-pipes" source="Orion">Hi-Tech Pipes</keyword> is also expanding and adding more value-added products to its portfolio, along with expansion and that’s another trigger ahead. “It trades at an attractive valuation and is one of the cheapest stocks available in this space. We believe the stock price has the potential to double, aided by earnings growth and some re-rating after it achieves the 500Kt volume target,” said PhillipCapital. With growth levers from private as well as government sector spending, the sector is poised for better days ahead. However, any change in the government’s capex plans in the run-up to elections may play spoilsport for the sector’s assumed growth rate.

Pipe Dream: Should you invest in these infra stocks that have delivered 50% returns?

<ul class="summary-list"><li>Legendary emerging markets investor Mark Mobius is bullish on India.</li><li>He told Bloomberg that India — whose GDP growth hit 7.2% in the last year — is the "real future."</li></ul>Legendary emerging markets investor Mark Mobius is known for his <a href="https://www.scmp.com/business/banking-finance/article/3214948/mark-mobius-still-keen-investing-china-after-recent-hiccup-wants-beijing-relax-capital-controls" target="_blank" rel="noopener">bullish take on China</a>, but he now has a shinier target: India."To me, India is the real future," Mobius, the cofounder of Mobius Capital Partners, told <a href="https://www.bloomberg.com/features/how-to-invest-a-million-dollars-q3-2023/" target="_blank" rel="noopener">Bloomberg on Tuesday.</a> "Of course, the market has done very well and we're near the top of the recent past, but nevertheless we are finding big bargains in wonderful companies."The South Asian country has been under the spotlight recently, particularly after <a href="https://www.un.org/development/desa/dpad/publication/un-desa-policy-brief-no-153-india-overtakes-china-as-the-worlds-most-populous-country/" target="_blank" rel="noopener">it overtook China as the world's most populous country.</a> India's government has also been on a drive to spur the country's economy through investments to <a href="https://www.businessinsider.com/china-india-supply-chain-covid-sanctions-manufacturers-relocating-tariffs-options-2022-12">unseat China as the factory of the world.</a>Mobius cited India's high growth rate — <a href="https://www.reuters.com/world/india/indias-jan-march-quarter-gdp-growth-61-yy-government-2023-05-31/" target="_blank" rel="noopener">GDP growth is expected to come in at 7.2%</a> for the last financial year that ended on March 31 — for his bullishness."A rule of thumb is that if the country has a 7% growth rate, then a reasonably good company should be able to double that," he told Bloomberg. His investment firm insists on returns of 20% on investment, he said.Among Mobius' major investments in India are APL Apollo Tubes, which manufactures steel tubing for the construction industry. "Building is booming in India — you travel around and see roads, bridges, tunnels being built," he told Bloomberg.Mobius told the news outlet he wasn't put off by a <a href="https://markets.businessinsider.com/news/stocks/adani-group-hindenburg-research-short-report-4th-richest-person-world-2023-1">short-seller report</a> targeting the Adani conglomerate earlier this year. "One such incident, just like any such incident in the US market, would not deter us, since there are so many excellent companies in India," he said.Mobius is still invested in China even though there appear to be rising risks of a <a href="https://www.businessinsider.com/china-invade-taiwan-war-50-chance-matt-pottinger-security-adviser-2023-4">conflict with Taiwan,</a> which Beijing claims as its territory. This is despite his complaint to <a href="https://www.cnn.com/2023/03/06/business/mark-mobius-china-capital-controls/index.html#:~:text=Mark%20Mobius%20has%20said%20he,t%20take%20my%20money%20out." target="_blank" rel="noopener">Fox Business</a> in early March he's wasn't able <a href="https://markets.businessinsider.com/news/stocks/mark-mobius-china-investing-capital-restricting-outflows-markets-strategy-jinping-2023-3">to withdraw his funds</a> from his HSBC account based in Shanghai, citing Chinese government capital controls.He was eventually able to <a href="https://markets.businessinsider.com/news/stocks/mark-mobius-us-china-tensions-investing-national-security-laws-risks-2023-5">get his money out</a> and told the <a href="https://www.scmp.com/business/banking-finance/article/3214948/mark-mobius-still-keen-investing-china-after-recent-hiccup-wants-beijing-relax-capital-controls" target="_blank" rel="noopener">South China Morning Post</a> in late March he was still positive on China.Other than India, Mobius is also positive on South Korea — specifically its technological developments in facial aesthetics — due to its <a href="https://www.businessinsider.com/arnault-family-lvmh-k-pop-stars-boost-empire-partnerships-2023-1">massive influence on pop culture.</a> "I was at the Expo in Dubai and one of the boy bands was entertaining and it's an Arab audience and they all knew the words," Mobius told Bloomberg.

Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India

<ul><li>Metal company stocks were rallying up to 5% today on rising prices of the commodity after crude oil prices hit a two-month high.</li><li>Analysts say rise in input cost due to high crude oil prices and low production capacity at sites have increased the prices of metals, which is good for the company.</li><li>Nifty Metal is the top gainer among sectoral index with 2.6% gains.</li></ul>While the outlook for <a href="https://www.businessinsider.in/business/corporates/news/hindalco-is-a-better-bet-than-tata-steel-because-electric-vehicles-need-aluminium/articleshow/88827641.cms">steel makers remains</a> cloudy, the weakening of the dollar is propping up commodity prices including metals as well as crude oil. When the dollar weakens, the same amount of any commodity costs more in terms of dollars. Therefore, prices increase. And, the stocks of metal companies are mirroring that optimism. Nifty Metal is the top gainer among sectoral index with 2.6% gains. Metal prices are said to be rising because of high crude oil prices and lower production with companies, which is boosting the prices upwards. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Metal companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jan 13 change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jindal Steel &amp;Power </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NMDC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.4% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindustan Copper </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.3% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SAIL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vedanta </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.7% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">APL Apollo Tubes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.37% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1% </td></tr></tbody></table>(Prices as at 1 p.m) Relation between metal prices and crude oil prices “There are reasons for the rise. One is that metals stocks are always linked to crude oil prices and, right now, they have jumped $84 per barrel, which is probably at a recent high. Usually when crude prices go up, base commodity prices also go up, which is a good thing for metal companies,” said Deven R Choksey, managing director at KR Choksey Investment Managers told Business Insider. Currently, the crude oil prices are at $85 per barrel, trading at a 2-month high after the US oil inventory fell for the seventh straight week to levels last seen in 2018. Note that crude oil is a basic input in the production process and is used to fuel cars and planes for transportation and generate electricity for use in production of goods and services. So any change in the price of oil will impact the costs for the company and hence increase the product price. Another reason for the rise in metal prices is that companies had cut down production in recent weeks because they thought the demand wasn’t strong enough. “Anywhere across the globe particularly Europe production capacities at being pared, they (companies) are not increasing the production be it because of environment issues or covid related restrictions. Many companies have been keeping their production capacity at a lower level, which is resulting in higher prices of the product due to shortage of supply,” added Choksey. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tcs-shareholders-cheer-share-buyback-and-strong-growth/articleshow/88867953.cms">TCS shareholders cheer share buyback and strong growth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/wipro-slips-6-on-disappointment-over-poor-than-expected-earnings-performance/articleshow/88870822.cms">Wipro slips 6% on disappointment over poor than expected earnings performance</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/swiggy-will-deliver-stuff-on-tvs-motors-electric-scooters-following-footsteps-of-zomato-amazon-and-flipkart/articleshow/88872404.cms">Swiggy will deliver stuff on TVS Motors’ electric scooters</a>

Metals are mirroring the rally in crude oil and the recent output cuts are helping

<ul><li>At 7:45 am, the SGX Nifty was trading 0.42% lower, indicating a subdued start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open on a weak note on Friday, led by negative cues from the Asian markets. At 7:45 am, the SGX Nifty was trading 0.42% lower, indicating a negative start for Nifty50. Other Asian peers were trading in the negative territory as well — the SSE Composite Index was down 0.40%, and the Hang Seng Index was down 1.56%. These are the stocks to watch out for during the trading session today: RIL The National Company Law Tribunal (NCLT) has approved a resolution plan for Reliance Infratel submitted by a group entity of Reliance Industries, according to a regulatory filing. Maruti Suzuki India Maruti Suzuki India said its total production in November increased by 5.91% to 1,50,221 units. NMDC The state-owned NMDC said that the long-pending issue of Donimalai iron ore mine in Karnataka had been resolved. The central government has reached an agreement with the Karnataka state government and the Ministry of Steel to extend Donimalai Iron ore lease. Eicher Motors Eicher Motors Volvo Eicher Commercial Vehicles has begun production at its new truck plant in Bhopal. State Bank of India A report by PTI indicates that the CBI, on Friday, carried out searches at three locations in Delhi after booking Jay Polychem (India) in an alleged ₹1,800-crore bank fraud in a consortium led by State Bank of India. ONGC ONGC Videsh, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has made a “significant” oil discovery in an onshore block in Colombia. OVL is the operator in the block with 70% stake and an independent oil and gas company focussed in Latin America, Geopark, has the remaining 30% interest. Likhitha Infrastructure Likhitha Infrastructure bagged order of ₹112.88 crores from IHB — a JV company of IOC, HPCL and BPCL for laying a pipeline in Gujarat. APL Apollo Tubes APL Apollo Tubes has set December 16 as the record date for shares split. The company earlier approved splitting each stock of face value ₹10 each into 5 equity shares of the face value of ₹2 each. Tata Consumer Products The step-down subsidiary of Tata Consumer Products, Earth Rules, Australia has entered into an asset sale and purchase agreement for the sale of its MAP Coffee Business to Buccheri Group. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/oxford-covid-19-vaccine-serum-institute-seeks-emergency-use-nod-for-covishield-vaccine-in-india/articleshow/79600349.cms" data-type="tilCustomLink">Oxford COVID-19 vaccine: Serum Institute seeks emergency use nod for Covishield vaccine in India</a> <a href="https://www.businessinsider.in/india/news/section-144-extended-across-noida-and-greater-noida-till-january-2/articleshow/79600323.cms" data-type="tilCustomLink">Section 144 extended across Noida and Greater Noida till January 2</a>

Top stocks to watch — RIL, Maruti Suzuki, NMDC, SBI, ONGC, Eicher Motors, Likhitha Infrastructure, Tata Consumer, and others

<ul><li>The 30-share BSE index was trading 150.78 points higher at 45,230 points, and the Nifty50 also rose 48.35 points at 13,306.90. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity benchmark Sensex jumped over 150 points and Nifty crossed the 13,300 level to hit their fresh lifetime peaks in early trade on Monday, tracking gains in index majors ICICI Bank, ITC and HUL amid persistent foreign fund inflow. After touching a record intraday high of 45,245, the 30-share BSE index was trading 150.78 points higher at 45,230 points. The Nifty50 also rose 48.35 points at 13,306.90. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr Reddy </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Moto Corp </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharma </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td></tr></tbody></table>*as of December 7, 10:30 am These are the top stocks in news today. ONGC trades 5% higher The shares of ONGC gained over 5% after its overseas investment arm ONGC Videsh has made a “significant” oil discovery in an onshore block in Colombia. NMDC gains over 3% The shares of state-owned NMDC gained over 3% after the long-pending issue of Donimalai iron ore mine in Karnataka was resolved. The central government has reached an agreement with the Karnataka state government and the Ministry of Steel to extend Donimalai Iron ore lease. APL Apollo Tubes up over 4% The shares of Apl Apollo Tubes rose over 4% after the company set December 16 as the record date for share split. The company earlier approved splitting each stock of face value ₹10 each into 5 equity shares of the face value of ₹2 each. Pfizer rises over 2% The shares of Pfizer soared nearly 3% after the company became the <a href="https://www.businessinsider.in/science/health/news/pfizer-seeks-emergency-use-authorisation-for-its-covid-19-vaccine-in-india/articleshow/79600551.cms">first pharmaceutical firm</a> to seek from the Drugs Controller General of India (DCGI) an emergency-use authorisation for its Covid-19 vaccine in the country after its parent secured such clearance in the UK and Bahrain. SpiceJet, IndiGo and IRCTC rally with other hospitality stocks SpiceJet, IndiGo and IRCTC shares rallied with other hospitality stocks with the hopes of a COVID vaccine nearing reality. SpiceJet gained over 4%, IndiGo was up 2%, and IRCTC rallied nearly 8%. Tata Chemicals gains over 7% Tata Chemicals stock rallied over 7% after the stock had surged16% in the past two days after Tata Sons bought an additional 2.57 million shares of the company for ₹121 crore via the open market. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/oxford-covid-19-vaccine-serum-institute-seeks-emergency-use-nod-for-covishield-vaccine-in-india/articleshow/79600349.cms" data-type="tilCustomLink">Oxford COVID-19 vaccine: Serum Institute seeks emergency use nod for Covishield vaccine in India</a> <a href="https://www.businessinsider.in/india/news/section-144-extended-across-noida-and-greater-noida-till-january-2/articleshow/79600323.cms" data-type="tilCustomLink">Section 144 extended across Noida and Greater Noida till January 2</a>

Top stock movers — ONGC, HDFC Bank, NMDC, Pfizer, SpiceJet, IndiGo, IRCTC, Tata Chemicals, and others

Major benchmarks were able to mostly sustain the gap up opening on Friday as traders went long on blue chips after strong earnings from some companies. Energy, Banking and Pharma stocks are in demand in afternoon trade in the cash market. Here is a snapshot of the latest in stocks with a special emphasis on <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> companies. 
 
 
MAJOR BENCHMARKS 
CNX Nifty added 0.5% to 8,296 points <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> gained 185 points to 27,475 points. 
 
WIDER INDICES 
CNX 100 Index rose 0.4% to 8,390 points 
CNX Small Cap up 0.3% to 13,470 points 
 
 
SECTORAL INDICES <keyword id="151330" type="COMPANY" weightage="100" keywordseo="Bank-Nifty">Bank Nifty</keyword> rose 1% to 17,891 points 
CNX Energy up 0.9% to 8,301 points 
CNX PSU Bank added 0.9% to 3,229 points 
CNX Pharma rose 0.6% to 13,270 points 
 
 
TOP NIFTY GAINERS 
Cairn 
ITC 
ONGC 
 
TOP NIFTY LOSERS 
Idea 
Bharti 
Maruti 
 
TOP TRADED ON NIFTY 
Dr. Reddy's 
Axis Bank 
Larsen &amp; Toubro 
 
NEW HIGHS 
Apl Apollo Tubes 
Blue Dart 
Escorts 
 
ADVANCE-DECLINE RATIOS 
NIFTY: 39/11 
SENSEX: 23/7 
FUTURES: 118/44 
BROADER MARKETS: 1,362/1,068 
 
(Image credits: Indiatimes)

Know how the stocks performed after traders went long on blue chips

The broader market is seeing selective buying on Thursday in top class mid cap stocks as investors indulge into bottom fishing in a market that sunk to fresh 1-year lows on sustained selling due to fears of a global slowdown in growth. 
 
Here is a snapshot on top volume buzzers along with price action on the exchange. 
 VOLUME BUZZERS ON <keyword id="53581" type="CITY" weightage="100" keywordseo="NATIONAL-STOCK-EXCHANGE">NATIONAL STOCK EXCHANGE</keyword> 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Aptech">Aptech</a> Ltd.: 21.03 lk shares vs 5-day average of 88,000 shrs. Stock up 9.9% to 62.90 rupees. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Jindal+Drilling">Jindal Drilling</a>: 5.15 lk shares vs 5-day average of 36,260 shrs. Stock up 9.5% to 156.40 rupees. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Career+Point">Career Point</a>: 3.93 lk shares vs 5-day average of 30,686 shrs. Stock up 20% to 124 rupees. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Kitex+Garments">Kitex Garments</a>: 6.64 lk shares vs 5-day average of 86,500 shrs. Stock up 15% to 778 rupees. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=APL+Apollo+Tubes">APL Apollo Tubes</a>: 89,707 shares vs 5-day average of 16,536 shrs. Stock up 8.3% to 500 rupees. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Repco+Home+Fin">Repco Home Fin</a>: 3.36 lk shares vs 5-day average of 54,400 shrs. Stock up 3.7% to 726 rupees. 
 
Image credit: Indiatimes

Here are the stocks that'll fetch you the most money today

The <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> and the <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> are the best performing indices across Asia in mid-afternoon trade on Friday as traders latch on to bargains in a market that was till recently quoting at 13-month lows. The <keyword id="6356435" type="ORGANIZATION" weightage="100" keywordseo="US-Federal-reserve">US Federal Reserve</keyword>'s move to postpone its hiking of interest rates has had a beneficial impact on stock prices at least for today. Here is a snapshot of the cash market on the <keyword id="53581" type="CITY" weightage="100" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword>, with a special focus on the Nifty. 
 
BENCHMARK INDICES 
Nifty jumped 136 points to 8,035 
Sensex surged 446 to 26,410 points 
 
BROADER INDICES 
CNX 500 rose 1.6% to 6,673 points 
CNX Mid Cap gained 1.1% to 12,835 points 
CNX Small Cap jumped 1.9 to 5,115 points 
 
SECTORAL INDICES 
Bank Nifty soared 3.2% to 17,507 points 
CNX PSU Bank jumped 3.3% to 3,169 points 
CNX Realty leapt 3.5%to 173 points 
CNX Pharma rose 0.9% to 12,731 points 
CNX Finance jumped 3.1% to 7,141 points 
 
TOP NIFTY GAINERS 
Axis Bank 
ICICI Bank 
Bank of Baroda 
 
TOP NIFTY LOSERS 
Tata Motors 
Hindustan Unilever 
GAIL 
 
TOP TRADED ON NSE 
SKS Micro 
Axis Bank 
Reliance Industries 
 
TOP VOLUME BUZZERS 
Future Consumer Enterpises 
CRISIL 
Puravankara Developers 
 
TOP 52-WEEK HIGHS 
8K Miles 
Pfizer 
Apl Apollo Tubes 
 
ADVANCE-DECLINE RATIOS: 
Nifty: 42/8 
Sensex: 24/6 
Futures: 131/30 
Broader Markets: 1,725/633 
 
(Image credits: cliparts)

It's a hay day at the markets today!

Major indices and derivatives managed to shake off the bears on Thursday after 4 days of relentless selling that saw the market hit a fresh 1-year low. It remains to be seen whether these gains will sustain or not, but for the moment, the entire market is bathed in a shade of green. Here is a snapshot of the latest moves in the cash markets where the bulls are dominating trade on a rare day in the past 10 sessions.

	 
	
		Its a day when all major indices are trading in the green!
	 


	BENCHMARK INDICES 
	 

	Nifty added 115 to 7,832 points

	Sensex jumped 367 to 25,820 points
 

	BROADER INDICES 
	 

	CNX 100 rose 1.5% to 7,991 points

	CNX 200 added 63 points to 4.128 points

	CNX 500 jumped 101 points to 6,577 points

	CNX Mid Cap rose 189 to 12,924 points

	CNX Small Cap added 89 to 5,131 points
 

	SECTOR INDICES 
	 

	Bank Nifty surged 2.1% to 16,585 points

	CNX Metal gained 2.7% to 1,792 points

	CNX Realty surged 5.7% to 166 points

	CNX Finance jumped 2.5% to 6,821 points

	CNX Auto rose 1.8% to 7,778 points
 

	TOP NIFTY GAINERS 
	 

	<a href="http://www.businessinsider.in/searchresult.cms?query=Cairn">Cairn</a>

	<a href="http://www.businessinsider.in/searchresult.cms?query=Tata+Steel">Tata Steel</a>

	<a href="http://www.businessinsider.in/searchresult.cms?query=Vedanta">Vedanta</a>

	<a href="http://www.businessinsider.in/searchresult.cms?query=Bank+of+Baroda">Bank of Baroda</a>
 

	TOP NIFTY LOSERS

	Idea

	BPCL

	Lupin

	Bosch
 

	TOP NIFTY TRADED STOCKS

	Infosys

	Axis Bank

	ICICI Bank

	Larsen &amp; Toubro
 

	NEW HIGHS

	8K Miles

	Abbott India

	Apl Apollo Tubes

	Caplin Point Labs
 

	NEW LOWS

	Amtek Auto

	ICICI Bank

	Mahindra &amp; Mahindra

	Mahindra &amp; Mahindra Fin Svcs
 

	ADVANCE-DECLINE RATIO

	NIFTY: 44/6

	SENSEX: 28/2

	FUTURES: 144/17

	BROADER MARKET: 1,735/824 
	 
	Image credit: Indiatimes

Here's how the Cash Markets are faring today

The Nifty snapped a 3-day losing streak on Thursday gaining ground as traders covered some of their short positions and investors bottom fished in a market that sunk to fresh 1-year lows. 
 
A strong positive close on <a href="http://www.businessinsider.in/searchresult.cms?query=Wall+Street">Wall Street</a> and a 2-day holiday at markets in China, the biggest economic problem that the world is currently facing, boosted sentiment on Dalal Street. 
 
The Nifty rose 106 points to end the day at its high of 7,823 points. <a href="http://www.businessinsider.in/searchresult.cms?query=Cairn">Cairn</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=Tata+Steel">Tata Steel</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=HDFC">HDFC</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=Axis+Bank">Axis Bank</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=UltraTech">UltraTech</a> were the top gainers on the Index while Idea, BPCL, Bosch, Lupin and Hero Motor slipped in trade. The Advance-Decline Ratio for the index stood at 44/6. 
 
Infosys, Axis Bank and ICICI Bank were the top 3 traded stocks on the Nifty and it was a rare day that all 3 were in positive territory. 
 
Broader indices posted sharp gains. The CNX 100, CNX 200, CNX 500, CNX Mid Cap and CNX Small Cap Indices rose between 1.1-1.3 percent in trade. 
 
The Bank Nifty added 1.8 percent to 16,555 points. The CNX Media,, CNX PSU Bank, CNX Finance and CNX Auto Indices were coloured in a dark shade of green. 
 
The Sensex was also on the front foot on the <a href="http://www.businessinsider.in/searchresult.cms?query=Bombay+Stock+Exchange">Bombay Stock Exchange</a>, surging 311 points, or 1.2 percent, to 25,765 points. Tata Steel, Vedanta and Axis Bank were the top gainers while Lupin, Sun Pharma and Infosys slipped in trade. The Advance-Decline Ratio was a strong 27/3 and ICICI Bank, SBI and Axis Bank were the top 3 traded counters on the Index. 
 
The broader market was bullish as well, with 1,710 stocks gaining versus 973 that lost ground. 
 
Bulls made inroads into the futures and options space as well. Front month Nifty futures rose 104 points to 7,847 after 3 days of losses. The Advance-Decline Ratio was 143/18. DLF, JSW Energy and I B Real Estate were the top gaining futures while Amtek Auto, Kaveri Seed and Idea Cellular slipped in derivatives trade. 
 
All 18 sectors recorded gains in the futures and options segment. 
 
Aptech, Caplin Point, Career Point, Amtek Auto and APL Apollo Tubes made it top the volume buzzers list while stocks hitting new lows were Coromandel International, Atlanta, ICICI Bank and Gujarat NRE Coke. 
 
Image credit: Indiatimes

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