Today’s top morning headlines - 21st December 2023

Good afternoon

Markets are trading in the green, with the NIFTY50 trading above 21,150 as of 12:15 pm. Here are the top stories for the day!

Top gainer: Britannia: 5,099 ▲ 145 (+2.9%)
Top loser: Axis Bank: 1,082 ▼ 27 (-2.4%)

:star: SBI to sign €200 million credit line
The public sector lender has informed through exchange filings that it will be signing a €200 million Line of Credit from European Investment Bank (EIB) to support climate action projects in India.

:star: Tarsons Products surges 8% on new acquisition
Shares of the laboratory plastic ware producer rose over 8% today after the company announced that it will acquire two German medical distributors named- Nerbe R&D GmbH and Nerbe plus GmbH through its subsidiary.

:star: Manali Petrochemicals rises on operation resume
Shares of the petrochemical company surged over 8% intraday after the company resumed all operations at Plant 2 in Manali and commenced partial operations at plant 1 effective today. Manali Petrochemicals has halted its production after back-to-back floods in Tamil Nadu

:star: Credo Brands IPO receives strong traction from NIIs
The IPO of Credo Brands Marketing Limited, is subscribed 10.6 times on the last day of the subscription. Retail investors subscribed by 11.9 times while Non Institutional Investors (NIIs) oversubscribed by 21.3 times.

:star: Inox India makes strong debut
Shares of INOX India listed at a 43% premium today. The stock opened at ₹949.65 on NSE compared to issue price of ₹660. The INOX India IPO was subscribed 61.28 times during December 14-18.