Indian equity benchmarks rose for third day in a row on Thursday after inflation fell to its lowest in 17 months in November as food prices continued to decline and lower crude costs brought down fuel inflation.

The S&P BSE Sensex rose 0.42 percent or 150.57 points to 35,929.64 and the NSE Nifty 50 Index climbed 0.5 percent or 54 points to 10,791.55.

Here are the stocks to watch in trade today:

• Indian Oil Corporation board announced share buyback and dividend. The Company will buyback shares worth Rs 4,435 crore at Rs 149 per share, a premium of 9 percent to last price and dividend of a Rs 6.75 per share aggregating to Rs 7886 crore. Record date for the buyback is set on Dec. 25.
• Telecom tribunal sets aside TRAI’s tariff order of February on predatory pricing and discounted tariff. This brings relief to Bharti Airtel and Vodafone Idea as they continue to offer segmented plans. The tribunal said TRAI cannot impose penalty and has asked the telecom regulator to reconsider the provisions within six months.
• Adani Enterprises’ defence arm acquired 1.3 crore shares in Alpha Design Technologies for Rs 400 crore. The target company belongs to the aerospace and defence industry which develops and manufactures defence electronics and avionics. Its major customers include Global OEM’s, Indian Armed Forces, Defence Public Sector Units and ISRO.
• NMDC Iron Ore sales up to November at 19.3 million tonnes.
• Dilip Buildcon’s arm received financial closure for its HAM project in Madhya Pradesh for Rs 1,004 crore.
• Capital First: NCLT approves amalgamation of Capital First and its two arms Capital First Home Finance and Capital First Securities with IDFC Bank. The company says that the scheme will be effective once the NCLT orders are filed with Registrar of Companies.
• Vijaya Bank increases its MCLR by 5 basis points across various tenors with effect from Dec. 14. One-month MCLR at 8.3 percent and six-month MCLR at 8.7 percent.

Bulk Deals

Ashapura Intimates Fashion

• DSP Small and Mid-Cap Fund sold 17.3 lakh shares (6.88 percent) at Rs 19.2 each
• Victory Expedition Emerging Markets Small Cap Fund sold 3.6 lakh shares (1.42 percent) at Rs 19.25 each

Max Financial Services

• New York Life Insurance Company acquired 50 lakh shares (1.86 percent) at Rs 429.5 each
• Max Ventures Investment Holdings sold 50 lakh shares (1.86 percent) at Rs 429.5 each

AGC Networks

• India Opportunities Growth Fund sold 5 lakh shares (1.68 percent) at Rs 63.5 each
• Silverleaf Oak Advisors acquired 5 lakh shares (1.68 percent) at Rs 63.5 each

Corporate Action

Oriental Aromatics record date for bonus issue 1:1 and stock split from Rs 10 to Rs 5

Who’s Meeting Whom

• PI Industries to meet Deutsche Bank on Dec. 14
• Cipla to meet SBI Pension Fund, Mirae Asset Global Investments and other investors from Dec. 14-19

Insider Trading

• MRF promoter Braga Industries acquired 356 shares on Dec. 10
• Ramco Industries promoter Sharada Deepa sold 43,000 shares on Dec. 12
• Aster DM Healthcare promoter Azad Moopen acquired 39,000 shares on Dec. 12

Active Stock Futures

• Nifty December futures closed trading at 10825, premium of 34 points
• Max open interest for December series at 11,000 Call (open interest at 49.4 lakh shares)
• Max open interest for December series at 10,500 Put (open interest at 39 lakh shares)

Stocks In Ban

• Adani Enterprises
• Adani Power

Put-Call Ratio

• Nifty PCR at 1.51 from 1.47
• Nifty Bank PCR at 1.25 from 1.44