Closing Bell : The Nifty is around 19,700, while the Sensex is down 140 points; IT stocks outperform. Nov-20

Closing Bell:– The BSE midcap index finished unchanged, while the smallcap index gained 0.4 percent.

Closing Bell: Sensex falls 139 pts ,closed at 65,655 level: While Nifty closed at 19,694 level.

 Indian Market 

FII AND DII 

Stock Market News

1. The BSE Smllcap index rose 0.3 percent, driven by Talbros Automotive Components, Tata Investment Corporation, and Prataap Snacks: 
2. Mankind Pharma reaches an all-time high on FTSE Global inclusion, increasing by 4%.
3. Poonawalla Fincorp receives a Rs 2.87 lakh penalty order from the Assistant Commissioner of Central Tax, Ameerpet GST Division.
4. Dinesh Engineers awards Bondada Engineering work orders of Rs 32.72 crore.
5. Aditya Birla Sun Life AMC receives Rs 200 crore for its NFO of US treasury bonds.
6. Larsen & Toubro has been fined Rs 238.95 crore by the General Tax Authority of Qatar.
7. Dinesh Engineers awards Bondada Engineering work orders of Rs 32.72 crore.
8. Oriental Rail Infrastructure receives orders from Indian Railways worth Rs 19.92 crore.
9. Adani Power promoters increase their shareholding by 2.06%, and the company’s stock rises.
10. Vedanta gains despite a Rs 1.38-crore GST notice and a CRISIL downgrading
11. L&T Energy Hydrocarbon receives an order in the Middle East worth Rs 10,000-15,000 crore.
12. Softbank sells shares in Delhivery worth Rs 738.64 crore.
13. According to CNBC-TV18, Prataap Snacks Large Trade | 5.4% equity transferred in block deal.
14. CFM Mozambique awards RITES a tender for ten diesel electric locomotives.
15. Talbros Automotive receives a multi-year contract of Rs 580 crore.
16. ESAF SFB’s net profit in the second quarter increased 145% to Rs 140 crore.
17. DreamFolks strengthens its presence in Southeast Asia by entering Malaysia.
18. TCS and the Australian stock exchange cooperate to update the trading software, which has been overdue.
19. Cipla receives a warning letter about the Pithampur manufacturing site from the USFDA.
20. FPIs become buyers and purchase stocks worth Rs 1,433 crore through mid-November
21. Kotak Mahindra Bank receives a GST demand order worth Rs 35 lakh from the Maharashtra GST Department.

     INDIAN MARKET MOVERS 

News Updates

• TCS, Infy lead as 7 of India Inc Top 10 add Rs 1.50 lakh cr to market value

  The aggregate market valuation of seven of the top 10 valued corporations gained Rs 1,50,679.28 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the largest gainers, amid an overall upbeat trend in stocks.

  Last week, the BSE benchmark surged 890.05 points or 1.37 percent. Reliance Industries, TCS, HDFC Bank, Infosys, Hindustan Unilever, ITC, and Bharti Airtel were the gainers, while ICICI Bank, State Bank of India, and Bajaj Finance saw erosion from their market price. The valuation of TCS soared Rs 62,148.99 crore to Rs 12,81,637.63 crore, emerging as the greatest gainer from the top 10 pack.

• FPIs turn buyers; invest Rs 1,433 crore in equities till mid-November

  After prolonged selling in the last two and a half months, FPIs bought Indian shares worth Rs 1,433 crore thus far in November, mainly due to the decrease in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers to November 15. However, they reversed the selling trend by infusing money around November 16-17, data with the depositories showed.

  “The recent Christmas season in India has been considered as a contributing reason to the revived interest of FPIs in the Indian market. Alongside this, a reduction in US Treasury bond yields and a decline in crude oil prices reduced some of the pressures that triggered the sell-off earlier,” Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Adviser India, said. “Some intermittent corrections in the markets could have also provided buying opportunities in a few pockets,” Srivastava added.

• Six businesses to go D-Street this week to seek Rs 7,400 crore from public

  The lively primary market is likely to simmer in the week commencing November 20 with six corporations ready to sweep up roughly Rs 7,400 crore. The IPOs next week include Tata Technologies, the first Tata Group firm to go public over 20 years, and Indian Renewable Energy Development Agency, the first government selling since LIC in May 2022.

  Indian Renewable Energy Development Agency IPO: IREDA, the Mini Ratna government entity, will be the first of five initial public offerings (IPOs) in the mainboard category, opening for subscription on November 21 and closing on November 23. The price band for the offer has been defined at Rs 30-32 per share.

• Ousted OpenAI CEO Altman discusses probable return, mulls new AI venture

  Sam Altman, the freshly fired CEO of OpenAI, is contemplating a possible return to the company behind the ChatGPT bot even as he explores establishing a new artificial intelligence (AI) startup, a person knowledgeable on the situation said on November 18.

  A day after the board fired him in a surprise move that rocked the tech world, Altman was talking with OpenAI executives about improving the company’s governance structure while he discussed with some core OpenAI researchers and others loyal to Altman how they could start a new AI company, the person said.

  The chances of a return or a restart for Altman, viewed by many as the face of generative AI, are in flux, said the person, who asked not to be named because the source was not allowed to talk on behalf of the parties concerned. OpenAI and Altman did not reply to requests for comment.

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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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