India December IHS Markit manufacturing PMI at 52.7 Vs 51.2 (MoM)
Sterlite Tech bagged a project worth Rs. 1,800 crore from Telangana Fiber Grid Corporation
Tata Motors’ domestic sales down 12% to 44,254 units in December

Indian indices

Indian stock markets continued their rally on second day of the year 2020 with Nifty ended near the record high level. Major buying was seen in banking, metal, and auto stocks. At the end Sensex jumped by 0.78% or 320.62 points to 41,626.64. The Nifty rose by 0.82% or 99.70 points to 12,282.20.

Following are the stocks/sectors which were in news today:

MOIL rose by 3.69% to Rs. 153.60, after company revised the prices of different grades of manganese ore and other products, effective from January 01, 2020.
Apollo Pipes advanced by 3.69% to Rs. 358.55, after company registered a healthy volume growth of 15% in the third quarter of Financial Year 20 (Q3 FY20).
Prakash Industries jumped 18.27% to Rs. 60.20, after company secured allocation of long-term coal linkages of 1.69 lakh MT per annum.

Asian shares kicked off 2020 on a strong note on January 02, spurred by Chinese markets after Beijing eased monetary policy to support the slowing economy.

European stocks advanced on US-China trade deal hopes.