Closing Bell : The Nifty is at 19,675, and the Sensex is up 742 points; all sectors are up. Nov-15

Closing Bell :– All sectoral indices closed in the green, with capital goods, auto, metal, information technology, oil & gas, and real estate all up 1-3 percent.

 Indian Market 

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Stock Market News

1. Oberoi Realty, Mphasis, and GlaxoSmithKline Pharmaceuticals boosted the BSE Midcap index by 1%.
2. Suzlon Energy, Sona BLW, and Siemens led the 1% rise in the BSE Capital Goods index.
3. The trade deficit in India increased in October, with both exports and imports increasing significantly.
4. The BSE Auto index increased by 1%, driven by Eicher Motors, Apollo Tyres, and Balkrishna Industries.
5. Metal stocks shine brighter as equities rise on the back of lower US inflation and a weaker currency.
6. Bihar State Electronics Development Corporation cancels Railtel Corp’s letter of intent for an order of Rs 76.1 crore.
7. The Goodluck India board of directors has approved a fund raising via QIP of up to Rs 200 crore.
8. Cipla’s arms now own 51.2% of Cipla Quality Chemical Industries.
9. Siemens AG will purchase an 18% share in Siemens India for €2.1 billion.
10. The Patel family will purchase a 1% share in GMM Pfaudler from Pfaudler Inc.
11. Oil prices rise as a result of positive Chinese economic statistics and a high demand outlook.
12. Central Railway has granted Rail Vikas Nigam a letter of acceptance for a building project of Rs 311.2 crore.
13. On November 15, ASK Automotive will make its debut: The stock may be listed at a 10-12% premium over the IPO price.
14. The IREDA initial public offering (IPO) begins on November 21.
15. Tata Technologies will be the first Tata Group company to go public in over two decades.
16. Retail inflation in India fell further in October, reaching a 5-month low of 4.87%.
17. In October, wholesale inflation unexpectedly decreases to -0.52%.
18. JP Associates signs agreement with ICICI Bank and transfers 18.9 crore
19. Natco Pharma’s consolidated net profit increased by 550% year on year in the second quarter.
20. Grasim Industries’ net profit in the second quarter increased by 15% to Rs 1,164 crore.
21. Berkshire Hathaway reduces its position in HP and leaves its bet on General Motors.
22. The October CPI in the United Kingdom increased by 4.6% year on year.
23. Oil prices rise as a result of positive Chinese economic statistics and a high demand outlook.

     INDIAN MARKET MOVERS 

News Updates

MSCI rejig today: All eyes on Suzlon Energy, Persistent Systems, Paytm

Morgan Stanley Capital International (MSCI) is set to rejig its MSCI Standard Index on November 15, with analysts speculating on the entry of IndusInd Bank, Suzlon Energy, Persistent Systems, and One97 Communications. Nuvama Alternative & Quantitative Research predicts that IndusInd Bank’s entry will bring inflows worth $290 million into the stock, while Suzlon could see $264 million. Other potential entrys include APL Apollo, Polycab, Macrotech Developers, Tata Motors DVR, and Tata Communications, with flows worth $227 million, $190 million, $183 million, $173 million, and $160 million, respectively. Polycab and Macrotech Developers are also expected to enter AMFI’s largecap category in January 2024.

US Inflation broadly slows in sign of progress for Fed

US inflation has slowed down, with the core consumer price index (CPI), which excludes food and energy costs, increasing 0.2% from September. This is a better indicator of underlying inflation than the overall CPI, which has stalled due to cheaper gasoline. Despite some bumps in recent months, inflation has settled substantially from a 40-year high reached last year. This has led to several Fed policymakers signaling they may be done raising interest rates, but Chair Jerome Powell has repeatedly stressed the central bank could hike again if needed. Stock futures rose and Treasury yields declined as traders assessed the probability of another rate hike in December. The advance in the core measure reflected increases in rent, motor-vehicle insurance, and recreation.

NMDC Q2 net profit jumps 15% to Rs 1,024.86 crore

India’s National Mineral Development Corporation (NMDC), the country’s largest iron ore producer, reported a 15.7% increase in consolidated net profit in the second quarter, driven by healthy demand. The company’s earnings rose to Rs 1,024.86 crore in the three months ending September from Rs 885.65 crore a year earlier. However, the company’s net profit declined 38% from Rs 1,661.04 crore in the first quarter. The company’s revenue from operations rose by 20% to Rs 4,013.98 crore in the September quarter.

JP Associates inks pact with ICICI Bank, transfers 18.9 crore shares to reduce debt

JP Associates and its trusts will transfer 18.93 crore shares to ICICI Bank Ltd as part of a debt settlement to reduce their debt. The consideration for the transfer will be based on the previous day’s closing price on the NSE. The stock has surged over 140 percent in the last three months, reaching Rs 19.35 on November 13. JP Associates currently carries around Rs 29,000 crore debt with major lenders including SBI, ICICI Bank, and IDBI. In October, JP Associates and ICICI Bank were reportedly negotiating a loan restructuring plan.

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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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Closing Bell: Sensex gains 72 pts , closed at 64,904 level : While Nifty closed at 19,425 level.