Indian share markets continued their downtrend throughout the session today and ended marginally lower.

Benchmark Indices remained weak after hotter-than-expected services data for November spooked Wall Street investors overnight.

A rebound in employment level, along with a pick-up in service activity, fueled fears that the US Federal Reserve may stay on course regarding rate hikes.

Back home, nervousness persisted ahead of the Reserve Bank of India's (RBI) interest rate decision.

At the closing bell, the BSE Sensex stood lower by 208 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 58 points (down 0.3%).

Adani Enterprises, HUL, and Bajaj Auto were among the top gainers today.

BPCL, Tata Steel, Dr Reddy's Laboratories, on the other hand, were among the top losers today.

The SGX Nifty was trading at 18,758 down by 52 points, at the time of writing.

Broader markets settled on a negative note. The BSE MidCap inched lower by 0.5% while the BSE SmallCap index ended 0.3% down.

Sectoral indices ended on a mixed note with stocks in the power sector, FMCG sector, and energy sector witnessing buying.

While stocks in the IT sector, metal sector, and telecom sector witnessed heavy selling.

Shares of Britannia, L&T Financial Holding, and Cummins India hit their 52-week highs today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended on a mixed note. The Hang Seng inched lower by 0.4%, while the Shanghai Composite ended flat. The Nikkei gained 0.2%.

US stock futures are trading on a positive note. Dow futures are trading flat while Nasdaq futures are up by 0.1%.

The rupee is trading at 81.6 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.6% at Rs 53,810 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading up by 1% at Rs 65,843 per Kg.
 

IRB Infra's toll collection jumps 39% YoY in November

In news from the construction sector, IRB Infra was among the top buzzing stocks today.

IRB Infrastructure Developers and IRB Infrastructure Trust collectively reported a 39% YoY increase in the toll collection in November across all projects.

This toll collection jumped to Rs 3.6 billion (bn) in November 2022 from Rs 2.6 bn in November 2021.

On a sequential basis, the company's gross toll collection rose 6% against Rs 3.5 bn recorded in October 2022.

IRB Infra's wholly owned subsidiaries in November 2022 reported a gross toll collection of Rs 1.8 bn, up 12.7% YoY. However, the joint venture entities under IRB Infrastructure Trust reported a gross toll collection of Rs 1.9 bn.

Commenting on it, Chairman and Managing Director Virendra Mhaiskar said,

The increase in toll collection reflects continued robustness in traffic growth across all projects in all vehicle categories, which is in line with the macroeconomic indicators. This also demonstrates that all our projects are part of important economic corridors of the Nation. With inflationary concerns gradually easing, traffic has remained strong and grown on a month-to-month basis.

IRB Infrastructure Developers (IRB) is the first international player in Indian infrastructure in the highways sector.

IRB has an asset base of more than Rs 600 bn, making it the largest comprehensive private toll roads and highways infrastructure developer in India.

Prevailing volatility in the market, shares of IRB Infra have increased by 27.9% so far in 2022.

Why Adani Green Shares are Rising

Moving on to news from the power sector, the share price of Adani Green Energy gained 2% intraday today.

Adani Group's renewables subsidiary completed its third wind-solar hybrid power project at Jaisalmer, Rajasthan.

This recently installed hybrid power plant has a total operational generation capacity of 450 MW. With SECI, the plant has Power Purchase Agreements (PPA) for 25 years at Rs 2.67/kWh.

The 420 MW solar and 105 MW wind power plants that make up this new hybrid power plant were installed using innovative technologies.

Adani Green Energy now has the largest operational hybrid power generation capacity of 1,440 MW thanks to this hybrid facility.

Previously, it completed India's first hybrid power plant of 390 MW in May 2022. After that, the 600 MW largest co-located hybrid power plant in the world was put into service in September 2022.

After this 450 MW facility was successfully commissioned, the company's overall operating generation capacity increased to 7.17 GW.

Additionally, this makes Adani Green Energy the largest wind-solar hybrid power farm developer in the world.

With decent returns so far, Adani green is among the fastest-growing stocks of 2022.
 

Maruti Suzuki recalls 9,125 units

In the news from the automobile sector, shares of Maruti Suzuki fell 1% today.

This was after the company recalled a total of 9,125 vehicles manufactured between 2 November 2022 and 28 November 2022.

The affected models for the same are Ciaz, Brezza, Ertiga, XL6, and Grand Vitara.

It is because of the defect in one of the child parts of the shoulder height adjuster assembly of front-row seat belts in the impacted units. The defect may lead to seat belt disassembly.

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