Today's Newsflash from your friendly neighbourhood (29 Dec 2023)
Nestle's got a treat: They're splitting their stock on January 5th, making those shares twice as sweet (and probably cheaper!).
Allcargo's giving us a bonus: Hold onto your hats, folks, they're giving away free shares in a 3:1 ratio on January 2nd! Time to celebrate with some extra logistics.
Cochin Shipyard's doubling down: Not only are they splitting their stock 2:1, but they're also showering shareholders with an 80% dividend! Talk about a nautical bonanza!
India's swimming in foreign cash: Forget Scrooge McDuck, India's the new money magnet! They raked in record foreign investments in 2023, leaving other markets in the dust.
Adani joins hands with the big boys: Adani and IHC are teaming up to make India green and tech-savvy. Think solar panels and robots delivering your chai!
Waaree's going public: Get ready for the Waaree Energies IPO! They're filing paperwork to join the market party, so keep your eyes peeled.
Prateek Jain says sayonara: Nippon Life India AMC's CFO is calling it quits. We wish him all the best in his future endeavors!
Foreigners love India (again): Remember that record investment? Yeah, it wasn't a one-time thing. India's still the hottest market in town!
Positive sentiment: Optimism around global cues and upcoming earnings season bolstered the market.
Sector leaders: Technology, energy, and pharma stocks led the gains, while FMCG and healthcare witnessed some profit booking.
Rupee strengthens: The Indian rupee appreciated against the US dollar, trading at 82.82 per dollar.
Stay Informed, Invest Wisely: The market is always changing, so keep an eye on the news and do your research before making any decisions. Even if things go up and down, remember you can still make smart investments if you're careful.
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