Domestic equity markets closed on a good note amid positive global cues on Thursday. The S&P BSE Sensex and Nifty50 gained 1.35 per cent and 1.37 per cent respectively. The Sensex closed 776.50 points higher to 58,461.29 and Nifty50 reclaimed 17400-mark as the index surged by 234.75 points. The bounce back by the markets on consecutive second day was well supported by IT, metal, and pharma and banking stocks.  

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Based on news and developments on Thursday, there can be action in certain stocks ad they are:  

Karda Constructions: Societe Generale bought 36,00,000 shares in Karda Constructions Ltd at Rs 16.65 per share on the NSE, as per the bulk deals data.

Reliance Capital: The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal.

Tega Industries: The IPO has been seeing good response from investors as the issue was booked nearly 13.87 times, NII quote subscribed over 20 times on Day 2.

Anand Rathi Wealth IPO: The initial public offer, which opened on Thursday, has been subscribed 1.6 times around 05:00 pm on Day 1. The issue received bids for 1,36,00,818 shares, against 84,75,000 shares on offer, as per the BSE data.    

Biocon: The company's management said its unit has received approval from the US health regulator to market a generic product.    

Dhanlaxmi Bank:  Part-time Chairman of the bank G Subramonia Iyer has resigned. This could trigger action in the banking stock.  

Bharat Dynamics Limited (BDL) and Indian Army signed a contract worth Rs 471.41 crore for Refurbishment of IGLA - 1M missiles,  

ONGC:  ONGC inks pact with SECI to develop renewable, ESG projects  

Bank stocks in focus: The United Forum of Bank Unions, an umbrella body of nine unions, has called a two-day nationwide strike on December 16 and 17, in protest against the government's plan to privatise public sector banks.  

Cement stocks: Retail prices of cement is likely to rise again by another Rs 15-20 over the next few months and touch an all-time high of around Rs 400 per bag this fiscal, rating agency Crisil said on Thursday in a sector note.  

Maruti Suzuki India Mercedes-Benz and Audi will increase prices from January to offset rising input and feature enhancement costs.  

Oil stocks in focus: OPEC+ to go ahead with oil output rise, as U.S. pressure trumps virus scare.