Market Overview

• Sensex rose 0.6% (458 points) to close at 80,260.
• Nifty 50 climbed 143 points to end at 24,274.
• Gains were driven by pharma, realty, and auto sectors, overcoming weaker GDP growth data.

Top Gainers

1. Dixon Technologies (India)

• Shares surged after its subsidiary, Padget Electronics, announced mass production of Google Pixel smartphones in collaboration with Compal Smart Device India.

2. Biocon

• Stock gained as Biocon Biologics received US FDA approval for Yesintek, a biosimilar to Stelara, targeting Crohn's disease, psoriasis, and more.

3. Emami Realty

• Shares hit the upper circuit following the launch of Emami Aamod, a premium residential project in New Alipore, with an estimated revenue potential of ₹850 crore.

4. Cement Stocks

• Led by Ultratech Cement, which rose nearly 4%, optimism around a sectoral recovery lifted other players like Shree Cement, JK Lakshmi Cement, and ACC by 2-3%.

5. Atul Auto

• Stock advanced following robust November sales, with domestic volumes up 19.4% YoY to 2,535 units.

6. Cochin Shipyard

• Shares surged after the company secured a ₹1,000 crore contract with the Ministry of Defence for naval vessel refitting.

Top Losers

1. Cipla

• Stock declined after 1.4 crore shares (1.7% equity) changed hands in block deals, with promoters reportedly selling at a floor price of ₹1,442.

2. SML Isuzu

• Shares fell after a 16.7% drop in November sales, with total units sold declining to 539 compared to 647 last year.

3. Hyundai Motor India

• Stock slipped as the company reported a 7% decline in November sales, despite achieving strong rural contributions.

4. C.E. Info Systems

• Stock dropped following an announcement to segregate its B2C aspirations from its core B2B operations.

Broader Market Insights

While India's GDP growth slowed to a seven-quarter low in Q2FY25, the markets rallied, driven by sectoral optimism and strong corporate developments. Gains in key stocks showcased resilience, signaling potential growth opportunities despite economic headwinds.

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