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Why Bajaj Auto stock closed higher post 13 per cent fall in November sales

It closed 0.64 percent or 17 points higher at Rs 2,702 level on the BSE. The firm reported a 13 per cent decline in total sales in November at 2,69,948 units as against 3,09,673 units in the same month last year.

While the Sensex opened 223 points higher at 26,574 level, Nifty rose 62  points to 8,189 level in early trade. We look at five stocks that are in news today.
The government strike on black money has led to cash shortage among the citizens and the business of gaming and hospitality player Delta Corp is no exception.
The stock jumped 7 per cent to Rs 125.25 on BSE. On NSE, shares of the company climbed 7 per cent to Rs 125.30.
The stock closed 0.55 percent higher at Rs 467.65.

The firm said it has recorded a complete recovery in collections post demonetisation on November 8.

Consequentially, the demand for products in the auto sector has seen a huge fall, with BSE auto index reflecting the bleak outlook in the near future.
As the rupee was trading near its 20 week low level of 67.71 against the dollar, the Nifty IT index rose 2.50 per cent in afternoon trade.