Closing Bell:– Divis Labs, Cipla, JSW Steel, Dr Reddy’s Labs and NTPC are among the top gainers on the Nifty, while losers are HCL Technologies, Wipro, Apollo Hospitals, Tata Motors and Britannia. BSE Midcap and Smallcap indices are trading in the green. Among sectors, pharma index up 1 percent, while selling is seen in the Information Technology and oil & gas stocks.
Closing Bell: Sensex falls 48 points, closed at 65970 level: While Nifty closed at 19,794 level.
Indian Market
FII AND DII
| FII Bought | 457.39 Cr |
| DII Bought | 255.53 Cr |
Stock Market News
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- Smallcap World Fund and Fidelity Global Investment Fund each own 3.2% of Home First Finance.
- Mamaearth has launched its most recent integrated marketing campaign for the winter season.
- Zen Technologies intends to extend its operations in Goa by establishing a new R&D and production facility.
- Bondada Engineering receives orders worth Rs 20 crore.
- Gati opens a cutting-edge surface transportation hub in Bengaluru.
- Ganesha Ecosphere is up 4% after its board of directors approved a Rs350 crore fund raise via QIP.
- SIS adds 2% after its board of directors approved a Rs 3.5 crore investment to purchase 4.73% of Entitled Solutions.
- A subsidiary of Hazoor Multi Projects has been awarded a road project worth Rs 1,130 crore.
- Siemens is served with a service tax claim of Rs 24 crore.
- Societe Generale sells a 50% share in Rategain Travel Technologies.
- Through rights issues, Indian Hotels invests Rs 55 crore in Genness Hospitality and Rs 35 crore in Qurio Hospitality.
- So far, Tata Tech’s IPO has received 52 times subscriptions.
- On the last bidding day, the Flair Writing IPO was booked 8.6 times and the NII component was 17x.
- Fedbank Financial Services Initial Public Offering (IPO): Issue completely subscribed, retail part booked 1.4 times on final day
- Gandhar Oil Refinery IPO: 17.8 times subscribed on the last day
- The NMDC established lump ore rates of Rs 5,400 per tonne.
- Karnataka Bank has formed a partnership with Bajaj Allianz Life to distribute life insurance products.
- Lupin has received preliminary approval from the US Food and Drug Administration for diabetic treatment.
- Gujarat Informatics awards RailTel Corporation a contract of Rs 52.9 crore.
- According to CNBC-TV18, One 97 Communications (Paytm) Large Trade | 1.6 crore shares (2.56% equity) worth Rs 1,441 crore change hands at an average price of Rs 884 per share.
- JSW Steel has completed its whole Rs 750 crore strategic investment in JSW Paints.
- Siemens receives a tax demand order for Rs 24 crore for late payment.
- On the second day of the Tata Tech IPO, 15 people subscribed.
| SENSEX | -47.77 | -0.07% |
65,970.04 |
| NIFTY50 | -7.30 | -0.04% | 19,794.70 |
| BANK NIFTY | 191.60 | +0.44% | 43,769.10 |
INDIAN MARKET MOVERS
| Cipla | 28.00 2.39% | Apollo Hospital | -92.65 -1.69% |
| Adani Enterpris | 50.20 2.31% | Wipro | -6.50 -1.61% |
| Divis Labs | 76.30 2.07% | HCL Tech | -19.85 -1.49% |
| Hindalco | 5.85 1.17% | TCS | -51.15 -1.46% |
| Axis Bank | 9.45 0.95% | Britannia | -61.65 -1.31% |
News Updates
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Due to insufficient independent directors, Exchanges fines RVNL Rs. 10 lakh and refers the matter to GoI
Rail Vikas Nigam (RVNL) has been fined more than Rs 5.42 lakh by the two major exchanges for having insufficient independent directors on its board during the September quarter.
In a filing dated November 23, the firm notified the exchanges that the Railway Ministry of the Government of India, on its behalf, appoints directors, and that the company has no influence over this process.
The filing states that the company was fined Rs 5,42,800 (incl. GST) by both the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE) for failing to comply with Regulation-17(1), which states that half of the board must be independent, for the quarter that ended on September 30, 2023.
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A $125 million agreement is signed by L&T Finance and ADB to assist financial needs in peri-urban and rural areas.
On November 23, L&T Finance and the Asian Development Bank (ADB) inked a $125 million finance agreement to boost lending in rural and peri-urban areas, with a focus on women borrowers.
According to the press release, the money consists of an agreement to syndicate an additional $125 million co-financing from other development partners and a loan of up to $125 million from ADB. According to the announcement, forty percent of the revenues would go towards helping women borrowers. The remaining funds will also be used to support MSMEs, farmers, and loans for the purchase of new two-wheeled vehicles.
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A data breach at Taj Hotels exposes the personal data of 1.5 million patrons.
A recent revelation claims that the Taj Hotels group, owned by Tata, experienced a data breach that resulted in the exposure of over 1.5 million client records.
A malicious actor going by the pseudonym “Dnacookies” allegedly wanted $5,000 (about Rs 4,16,000) as ransom for the entire dataset, according to a CNBC-TV18 report. According to individuals close to the publication, it appears to contain addresses, membership IDs, mobile numbers, and other personally identifiable information.
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In six years, Coal India intends to gradually stop importing mining equipment.
The Ministry of Coal said on November 23 that Coal India Limited (CIL) has developed a strategic plan to gradually phase out imports of heavy earth-moving machinery (HEMM) and underground mining equipment over the following six years.
The largest miner in India, CIL, currently imports high-capacity machinery worth Rs 3,500 crore, including wheel dozers, drills, crawler dozers, dumpers, electric rope shovels, and hydraulic shovels. These imports also come with additional customs duties of Rs 1,000 crore.
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Read more Checkingell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell Closing Bell latest news fClosing Bell tyClosing Bell above 19,700, Sensex up 385 points; gains in capital goods, real estate, and banks
Force Motors announces August production of 3,032 automobiles.
Power Mech Projects climbs more than 2% after receiving a Rs 625 crore order.
Hitachi Energy India rises nearly 4% after receiving an order.
Quant Mutual Fund invests Rs 86 crore in JM Financial, while Valiant Mauritius Partners sells 0.8% of its holding.
Baring Private Equity sells Rs 34.7 crore in PG Electroplast shares.
Small Cap World Fund and New World Fund sell Rs 884.43 crore in Shriram Finance shares.
Nazara Technologies will offer 57.42 lakh preferential shares to SBI Funds at Rs 714 per share.
Cochin Shipyard Large Trade | According to CNBC-TV18, 8.6 lakh shares (0.7 percent e
Data from China | Exports were down 8.8% in August, while imports were down 7.3% year on year.
Indian Railways awards Responsive Industries a contract for the Garib Rath Initiative.
CNBC-TV18 reported that Bikaji Foods International Large Trade | 14.1 lakh shares (0.6 percent equity) worth Rs 71.3 crore change hands at Rs 507 per share.
PVR INOX stock rises as SRK’s ‘Jawan’ hits theaters, and the industry anticipates a blockbuster opening.
L&T rises on rumours of a possible order from Saudi Aramco for a gas project.
Varroc Engineering to acquire a 26% share in AMP Energy SPVs TCS forms strategic cooperation with JLR’s digital unit
Tata Motors August Auto Sales | JLR UK sales are down 23.6% year on year at 1,479 units versus 1,935 units.
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