Top 5 stocks of the day: Tech Mahindra, LTI Mindtree, Wipro, Infosys, and HCL Technologies are the top 5 Nifty gainers. The possibility of rate cuts also caused real estate stocks to soar, with Godrej Properties and DLF rising as much as 7% on Thursday’s trading. The market value of all listed companies concluded at a record high, and the market capitalization of BSE listed companies reached a record high of Rs 355 lakh crore. On December 14, about 19 Nifty stocks reached multi-year and 52-week highs.
Sensex and NSE Nifty50
Investors were encouraged by the US Federal Reserve’s dovish projection for 2024, which called for several rate cuts beginning in the new year. The Nifty was up 256.40 points, or 1.23 percent, at 21,182.70 at the close, while the Sensex was up 929.60 points, or 1.34 percent, at 70,514.20. With 1,851 shares rising, 1,363 shares falling, and 86 shares staying the same, the market’s breadth favoured gainers.
Top 5 stocks of the day
| Name of companies | Change | Volume |
| Infosys | 3.93 | 1,24,89,858 |
| Tech Mahindra | 3.67 | 52,87,733 |
| LTIMindtree | 3.54 | 9,58,532 |
| Wipro | 3.42 | 1,23,40,688 |
| HCLTech | 3.24 | 51,45,574 |
Grey market premiums (GMP) rise for upcoming IPOs
Even though there will be a lot of IPO activity in 2023, grey market premiums (GMP) for future IPOs are rising amid the current stock market rally, indicating renewed investor interest and optimism. The massive 2.34 times subscription to the Rs 1200 crore India Shelter Finance IPO resulted in a grey market premium of approximately Rs 170 per share over the issue price of Rs 469–493. The GMP for the Doms Industries IPO, which is likewise aiming for Rs 1200 crore, increased to Rs 500 from its initial share price of Rs 750–790.
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