*ITI LIMITED* WINS LARGE ORDER WORTH 432 CRS FROM TAMILNADU GOVT (SUPPORTIVE FOR STOCK PRICES)

#StockMarketNews - Shriram Properties listed at a 20% discount to its issue price of Rs 94.

Read: https://ipoinfo.co.in/shriram-properties-listed-at-a-20-discount-to-its-issue-price-of-rs-94/

#StockMarketNews - Supriya Lifescience IPO on the last day subscribed 7.93 times

Read: https://ipoinfo.co.in/supriya-lifescience-ipo-on-the-last-day-subscribed-7-93-times/

*Index Update:*

The selloff has continued in the market as US and European futures are trading in deep red zone.

*Nifty Future:* 16534.0 Down 490 points or -2.90%

*Nifty Bank Future:* 34310 Down 1439 points or -4.03%

ALERT : REPORTS OF PM MODI TO HOLD HIGH LEVEL MEET WITH CEOS ON REJUVENATING INDIAN ECONOMY AT 4:00PM TODAY ; NEWS COULD BE POSITIVE FOR MARKET

*News Update*: Wipro to Acquire Edgile to Strengthen its Leadership in Strategic Cybersecurity Services (Neutral to Positive for Stock Price)

NIFTY BUYING ZONE SUPPORT 16317 AND SELLING ZONE 16970. AND BANKNIFTY BUYING ZONE 34336 AND SELLING ZONE 35800

*Sector Update*

Metal Stocks seen Buying move and trading at day’s high.

*Top Picks*

HINDALCO CMP 441.0 Support 437.0 TGT 452.0
TATASTEEL CMP 1101.0 Support 1085.0 TGT 1140.0
JSPL CMP 373.0 Support 367.0 TGT 385.0
JSWSTEEL CMP 654.0 Support 647.0 TGT 667.0
SAIL CMP 108.5 Support 106.0 TGT 113.0

*Sector Update*

Tech Stocks seen Buying move and trading at day’s high.

*Top Picks*

WIPRO CMP 682.0 Support 674.0 TGT 701.0
INFY CMP 1815.0 Support 1801.0 TGT 1845.0
TCS CMP 3592.0 Support 3560.0 TGT 3660.0
COFORGE CMP 5330.0 Support 5510.0 TGT 5230.0
LT INFO CMP 6820 Support 6760.0 TGT 6940.0

#StockMarketNews - MapmyIndia sees a fantastic debut, listing with a 53% premium, Despite market turbulence.

Read: https://ipoinfo.co.in/mapmyindia-sees-a-fantastic-debut-listing-with-a-53-premium-despite-market-turbulence/

News Update
Zee Entertainment Board meet said to be scheduled for Today , 21st December to consider proposed merger with Sony Pictures Networks India.

#Cryptonews - Cryptocurrency prices today: Bitcoin, Ethereum rise; Tether falls

Read: https://ipoinfo.co.in/cryptocurrency-prices-today-bitcoin-ethereum-rise-tether-falls/

NEWS UPDATE
SHILPA MEDICARE: CO HAS LAUNCHED ‘PRUCALSHIL (PRUCALOPRIDE) ORALLY DISINTEGRATING STRIPS 1 MG AND 2 MG’ IN INDIA HAS BEEN APPROVED BY DCGI (Neutral supportive for stock prices)

*Tradable Stocks in News*


*Reliance:* Media sources says that global funs eye stake in clean business. (Positive 2301.0 Support 2288.0 TGT 2340.0)

Emkay on *Gravita:* Maintains Buy on company, target price at Rs 380/Sh (Positive 224.0 Support 218.0 TGT 237.0)

*CreditAccess Grameen:* Company to invest Rs 250 cr in Madura Micro Fin. (Positive 620.0 Support 612.0 TGT 642.0)

*Bal Pharma:* The credit rating agency has considered the following material event’s for upgrading the rating outlook from “stable” to “Positive. (Positive 96.0 Support 95.0 TGT 98.8)

*Infosys:* Positioned as a Leader in the IDC Market Scape: Worldwide Managed Multi-cloud Services 2021 Vendor Assessment. (Positive 1807.0 Support 1795.0 TGT 1840.0)

*AB Cap:* Promoter bought 7.5 lakh shares. (Positive 112.0 Support 109.8 TGT 116.0)

*Zee Entertainment:* Amalgamation with Sony Pictures cleared by Board (Positive 344.0 Support 338.0 TGT 358.0)

MS on *Paytm:* Initiate Overweight on company, target price at Rs 1875/Sh (Positive 1304.0 Support 1280.0 TGT 1340.0)

*IRB Infrastructure:* Subsidiary Chittoor Thachur Highway has now executed Concession Agreement with NHAI (Positive 207.0 Support 204.0 TGT 213.0)

*Sector Update*

Metal Stocks seen Buying move and trading at day’s high.

*Top Picks*

HINDALCO CMP 453.0 Support 447.0 TGT 467.0
TATASTEEL CMP 1118.0 Support 1100.0 TGT 1142.0
JSPL CMP 381.0 Support 378.0 TGT 390.0
JSWSTEEL CMP 662.5 Support 657.0 TGT 674.0
NALCO CMP 100.0 Support 98.0 TGT 103.8

*Sector Update*

Chemical Stocks seen Buying move and trading at day’s high.

*Top Picks*

SRF CMP 2240.0 Support 2210.0 TGT 2320.0
TATACHEM CMP 867.0 Support 858.0 TGT 888.0
NAVIN CMP 3990.0 Support 3960.0 TGT 4080.0
DEEPAKNTR CMP 2315.0 Support 2290.0 TGT 2400.0

*MINDTECK:* CO WINS ANOTHER DATA MANAGEMENT SOFTWARE PROJECT (SUPPORTIVE FOR STOCK PRICES)

*GUJARAT FLUOROCHEMICALS* - GFCL EV PRODUCTS TO PROVIDE SOLUTIONS FOR ALL TYPES OF BATTERIES, BATTERY COMPONENTS & PRODUCTS FOR ELECTRIC VEHICLES (SUPPORTIVE FOR STOCK PRICES)

#StockMarketNews - Metro Brands lists at 12.8% discount to issue price of Rs 500

Read: https://ipoinfo.co.in/metro-brands-lists-at-12-8-discount-to-issue-price-of-rs-500/

#BusinessNews - Sony-Zee merger; approved by the board of directors

Read: https://ipoinfo.co.in/sony-zee-merger-approved-by-the-board-of-directors/