Closing Bell:– The BSE Midcap and Smallcap indices both finished in the green.
Closing Bell: Sensex falls 187 pts , closed at 65,794 level: While Nifty closed at 19,731 level
Indian Market
FII AND DII
| FII Purchased | 957.25 Cr |
| DII Purchased | 705.65 Cr |
Stock Market News
- Suzlon Energy, Praj Industries, and GMR Airports led the BSE Capital Goods index up 0.7 percent.
- The BSE Smallcap index hit a new high of 39,689.94, led by GE Power India, Titagarh Rail Systems, and AGS Transact Technologies:
- BSE Healthcare advanced over 1%, led by Narayana Hrudayalaya, Krsnaa Diagnostics, and AMI Organics.
- Gold is set to post its first weekly rise in three weeks as the Fed prepares to take a break.
- Oil prices are set to fall for the fourth week in a row as supply expands.
- On the BSE SME, Kalyani Cast Tech is listed at a 90% premium to the issue price.
- JSW Infrastructure has been awarded a Rs 4,119 crore project to build Keni Port in Karnataka.
- PNB Housing Finance may consider raising Rs 3,500 crore through NCDs; shares rise IDBI Bank falls more than 3% as stake sale is likely to be postponed.
- CNBC-TV18 reported that 1.8 million shares (2.51% equity) worth Rs 747 crore changed hands at Rs 403 a share in Delhi.
- Softbank is preparing to sell a $150 million share in Delhivery in a new block sale
- Brigade Enterprises to develop 2 million square feet in Bengaluru with a gross development value of Rs 2,100 crore.
- Total October passenger traffic increased 19% year on year and 5% month on month to 98.4 lakh.
- Federal Bank declined 1% following a massive block deal: According to Bloomberg, approximately 1.52 million shares of the bank were traded in a block transaction.
- Hero MotoCorp soars on record-breaking holiday retail sales.
- SBI’s order of Rs 1,100 crore has locked AGS Transact at 10% upper circuit.
- Manappuram Finance has been fined by the Reserve Bank of India.
- Tata Technologies’ initial public offering (IPO) will begin accepting subscriptions on November 22.
- The RBI has increased the risk weighting of banks’ and NBFCs’ consumer credit exposure by 25%.
- The RBI fines Axis Bank Rs 90 lakh for noncompliance.
| SENSEX | -187.75 | -0.28% |
65,794.73 |
| NIFTY50 | -33.40 | -0.17% | 19,731.80 |
| BANK NIFTY | -577.60 | -1.31% | 43,583.95 |
INDIAN MARKET MOVERS
| SBI Life Insura | 54.00 3.97% | SBI | -21.60 -3.69% |
| HDFC Life | 17.50 2.76% | Axis Bank | -32.00 -3.12% |
| Apollo Hospital | 140.20 2.63% | ONGC | -5.45 -2.70 % |
| Larsen | 57.85 1.90% | BPCL | -8.40 -2.11% |
| Hero Motocorp | 54.70 1.67% | Bajaj Finance | -141.45 -1.92% |
News Updates
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IDBI Bank stake sale may not be completed by March 2024: Govt official
The stake sale in IDBI Bank may not be completed by March 2024, according to Department of Investment and Public Asset Monetisation (DIPAM) Secretary Tuhin Kanta Pandey. The transaction is “on course” but requires compliance with RBI’s fit and proper criteria. The government and LIC have jointly decided to sell a 60.7% stake in the lender. The achievement of the divestment target depends on important transactions like the sale of majority ownership in IDBI Bank. There is uncertainty about the share sale of NMDC, which the department expects to generate over Rs 10,000 crore. The Maharashtra government recently issued an order exempting stamp duty on an asset transfer transaction before the sale. The government’s goal is to raise Rs 51,000 crore from disinvestments this fiscal.
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Ashok Leyland betting big on e-LCVs, garners 10,000 orders, says Executive Chairman Dheeraj Hinduja
Ashok Leyland Ltd, a commercial vehicle maker, has announced that it will launch its own electric light commercial vehicles (e-LCVs) in Q4 of this financial year. The company has already received 10,000 bookings for the battery-driven light trucks and has a strong orderbook of over 10,000 vehicles. The company’s electric vehicle division, Switch Mobility, unveiled two new e-LCVs, IEV3 and IeV 4, which are designed to provide eco-friendly solutions for last-mile transportation needs. The vehicles, dubbed ‘twin brothers’, are equipped with a 330 V high voltage EV architecture and a cargo body up to 9.7 feet. The vehicles are designed to accommodate a container of 340 cubic feet and are built at Ashok Leyland’s Hosur facility.
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RBI imposes monetary penalty of Rs 90 lakh on Axis Bank for non-compliances
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 90.93 lakh on Axis Bank for non-compliance with certain directions issued by the RBI. The penalties are based on the exercise of powers conferred under Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. The RBI also conducted the Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank, referring to its financial position as of March 31, 2022. The penalty was imposed under the Banking Regulation Act, 1949.
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Closing Bell Closing Bell 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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