21/11/2024
BSE: -422(77155)
NSE: -168(23350)
MID: -162(44467)
SML: -350(52141)
FII|FPI:-5320Cr
DII:+4200Cr
B.Crude: 73.99
$/Rs: 84.49
Gold MCX : 76468
India 10Y: 6.85
NSE PE: 21.70

Mkt. Updates :

GIFT Nifty +101 pts (23452) from last trade 23351 ,

Nikkei +333 pts ,
Hangseng +12 pts ,


Dow +461.88 pts ,Nsdq +6.28 pts, S&P
+31.60 pts , Bovespa -1275 pts , Ftse +64 pts , Dax +141 pts , Cac +14 pts , Crude @ $70.14 brl (+0.04), Brent @ $74.37 brl (+1.56) , Gold @ 2671.30 (-3.60), Silver $30.81 (-0.13), Euro @ $1.047, JPY @ $154.14, INR @ 84.465


US GOVT. 10-YR YIELD : 4.41%


Today's Corporate Action 22 Nov Ex Date :

DHRUV
Interim Dividend - Rs. - 0.1000
EASTWEST
E.G.M.     
EPL
Interim Dividend - Rs. - 2.5000
FDC
Interim Dividend - Rs. - 5.0000
GFSTEELS
E.G.M.     
KUNDANMM
E.G.M.     
MAWANASUG
Interim Dividend - Rs. - 3.0000
MSTCLTD
Interim Dividend - Rs. - 4.0000
NILE
Interim Dividend - Rs. - 4.0000
ORIENTTECH
Interim Dividend - Rs. - 1.8000
PADAMCO
Interim Dividend  
PANAMAPET
Interim Dividend  
STEELCAS
Interim Dividend - Rs. - 1.3500
SUDARSHAN
Stock  Split From Rs.10/- to Rs.1/-
VRLLOG
Interim Dividend
 

Today's Key Results/Board Meetings, 22-Nov-24 :
     

CAMLINFINE
Right Issue of Equity Shares;General
ISWL
General
JYOTISTRUC
Rights Issue;General
KITEX
Bonus issue
SHRAAITECH
General
STARLIT
Scheme of Arrangement;General
TOYAMSL
General;Quarterly Results
VIVANTA
Preferential Issue of shares;General


SEC. IN F&O BAN FOR 22.11.2024 :

1. AARTIIND 2. ABFRL 3. ADANIENT 4. GNFC 5. GRANULES 6. HINDCOPPER 7. IGL 8. NATIONALUM

ADDITION : ADANIENT, NATIONALUM
DELETION : NIL


Today's Alert :

RBI to Conduct Auction of GOI BONDS for INR 320 BILLION

News Headlines from Business News Agencies:

Business Standard :

📝 Stable inflation is the bedrock for sustained growth: RBI Governor Das

📝 CIL to supply coal beyond normative requirement to non-regulated sector

📝 Goyal urges industry to raise quality standards, appoint representatives

📝 Uniqlo India aims Rs 1k cr sales mark in FY25, to increase local sourcing

📝 Sebi abolishes 1% mandatory security deposit requirements in public issues

📝 ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data

📝 Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom

📝 Ashok Leyland strengthens retail presence in east with West Bengal outlet

📝 India's Russian oil imports up 3.3% in Oct from Sep, shows trade data

📝 Hyundai Motor India to set up 2 renewable energy plants at Chennai facility

📝 Insurtech firm Zopper raises $25 mn in to ramp up its digital infra


Economic Times :

📝 BEML gets Rs 246.78 crore truck supply order from Central Coalfields

📝 CEA Nageswaran asks India Inc not to seek protective cover of weak currency

📝 Sebi abolishes 1 pc security deposit requirements in public issues

📝 Alibaba integrates ecommerce platforms into a single business unit

📝 Transport assets worth USD 400 billion in India exposed to climate hazards: Report

📝 Uber said to be in talks to invest in US IPO of China’s Pony AI

📝 Mental health startup Veda Rehabilitation and Wellness projects Rs 18 crore revenue by FY 26

📝 Nokia to supply Microsoft Azure with datacenter routers, switches for another 5 yrs

📝 India to be insulated from trade war between US and China: Goldman Sachs

📝 Domestic airlines' fleet to touch 1,400 planes in 5 years

📝 Jio, Airtel, Vi continue to suffer customer losses for a third time

📝 Asian Development Bank to provide $4.25 billion to Tata Power for clean energy power projects


Mint :

📝 80% of equity mutual funds outperform respective benchmarks in October 2024

📝 Govt may include e-commerce data, expand coverage to calculate retail inflation

📝 Ola Electric laying off 500 employees in restructuring move

📝 Vedanta Resources postpones planned dollar bond offering: Report

📝 Belrise Industries files draft papers with SEBI to raise ₹2,150 crore via IPO

📝 Lemon Tree’s renovation drive leaves little room for re-rating

📝 Focus on bringing in good partners, not maximizing valuations: Peyush Bansal

📝 Byju’s founder accused of trying to regain firm with hidden cash

📝 Elon Musk’s startup xAI valued at $50 billion in new funding round

📝 Tiger Global-backed Moglix to boost sustainable packaging biz with ₹80-cr buy

📝 Natco Pharma submits ANDA with USFDA for Risdiplam for oral solution.

🇮🇳India Daybook Stocks in News


Tata Power: Company partners with Asian Development Bank for $ 4.25 Billion Clean Energy Projects. (Positive)

AVP Infracon Ltd: Company secured a Rs 33.19 Cr sub-contract from CDR & Co Constructions for an NHAI project in Tamil Nadu. (Positive)

Innovators Systems: Receipt of LOI for Work Order for Facade Design, Fabrication and Installation, Order Size Rs 110 Crores (Positive)

Jyoti Limited: Receipt of Purchase Order Total orders amounting to Rs.12.8 cr from Megha Engineering & Infrastructures Limited, Hyderabad. (Positive)

Crompton Greaves Consumer: Company launched the Regera 6L water heater (Positive)

Kotyark Industries: Company has been allocated tender for supply of 48,381 kl biodiesel to omcs worth Rs 5.64 billion. (Positive)

Royal Sense: Company launched 6 new pharmaceutical products on Nov 21, 2024 (Positive)

Popular Vehicles: Company opened a new Bharat Benz 3S facility in Chhatrapati Sambhaji Nagar, Maharashtra. (Positive)

Afcons Infrastructure: Company has received Letter of acceptance from Uttarakhand Project Development and Construction Corporation Ltd for Civil Works worth of Rs 1274 crore (Positive)

SJVN: Company signs MoU with Rajasthan Govt’s Energy Department for development of renewable energy in the state. (Positive)

Medicamen Organics: Company secures 6.28 cr order for Povidone Iodine Solution. (Positive)

Raymond: The stock exchanges BSE and NSE have given the green light to the proposed demerger of Raymond Limited and Raymond Realty Limited. (Positive)

Insurance stocks: GST Council meeting in December likely to discuss rate cut on insurance premiums, ET sources. (Positive)

Ashok Leyland: Company sets up a light commercial vehicle dealership in West Bengal. (Positive)

LTI Mindtree: LIC increased its shareholding from 5.033% to 7.034% (Neutral)

Bank of India: Smt. Jamuna Ravi elected as Bank of India director. (Neutral)

DP Abhushani: Company opened a new showroom in Neemuch, MP, expanding its presence in Central India. (Neutral)

Hyundai Motor: Company will invest INR 38 Cr in two renewable energy plants, 75 MW solar, 43 MW wind in Tamil Nadu, aiming for RE100 certification by 2025. (Neutral)

Jio, Airtel, Vodafone Idea: Companies together lose over 10 million mobile subscribers in September (Neutral)

HDFC Bank: Plans to issue car loans worth Rs 12,372 crore to mutual funds before the first week of December. (Neutral)

Indusind: Government gives go-ahead to IndusInd International Holdings for the acquisition of Reliance Capital. (Neutral)

Wipro: Record date for the purpose of Bonus is 03-Dec-2024. (Neutral)

Protean eGov Technologies: NSE investments to sell up to 20.31% stake in Protean eGov Technologies via OFS, it includes base issue of 10.16% equity & has a green shoe option of 10.16% equity.

Adani Energy: Kenya cancels the $700 mn deal signed with a unit of the Adani Group to construct power transmission lines.

Journey of Nifty @AlliesFin
- 1996: NIFTY launched at 1,000 points
- 1997: Steady early growth
- 1998: Consolidated major sectors
- 1999: Growth driven by tech boom
- 2000: Reached highs, then faced a dip
- 2001: Declined with global slowdown
- 2002: Gradual recovery
- 2003: Strong growth with reforms
- 2004: Crossed 2,000 points
- 2005: Continued growth
- 2006: Crossed 3,000 points
- 2007: Reached around 6,000🐴
- 2008: Major drop in financial crisis
- 2009: Began recovery nifty
- 2010:Crossed 6,000 again
- 2011:Fluctuated with global issues
- 2012:Gradual recovery resumed
- 2013:Close to 6,500 points
- 2014:Crossed 8,000
- 2015:Stability maintained
- 2016:Near 9,000 points
- 2017:Reached 10,000
- 2018:Stabilized around 11,000
- 2019:Near all-time highs
- 2020:COVID drop, strong rebound
- 2021:Crossed 18,000
- 2022:Continued steady growth
- 2023:Approached record highs
- 2024:Reached 26,277 in September
- 2025(Projected): ??????

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🇮🇳India Daybook Stocks in News


Kaynes Technology: Rating Upgraded to ICRA A- (Positive) from ICRA BBB+ (Stable). (Positive)

Bharti Airtel: S&P Global Ratings reaffirmed Bharti Airtel's BBB- rating and revised its outlook to positive from stable (Positive)

Central Bank of India: RBI approved Central Bank of India's entry into the insurance business via a joint venture with Generali. (Positive)

Prakash Industries: Company gets mining lease of Bhaskarpara commercial coal mine from Chhattisgarh Govt. (Positive)

RITES: Company secures revised order for Railway Electrification work from Northeast Frontier Railway worth Rs 531.77 Cr (Positive)

Mahindra Lifespace: Company’s subsidiary and Sumitomo Corp. agreed to invest Rs 225 crore to expand an industrial park in Tamil Nadu. (Positive)

Paras Defence: Company inaugurates advanced optical systems testing facility in Navi Mumbai (Positive)

Cochin Shipyard: Company signed an MOU with Seatrium Letourneau USA for jack-up rig designs for the Indian market, leveraging CSL's shipbuilding expertise and SLET's design capabilities. (Positive)

Oberoi Real/Godrej Prop/ Macrotech: Mumbai sees 11.5% year-on-year growth in luxury home rates during September quarter. (Positive)

VST Industries: Company sold a 2.7-acre property in Hyderabad for Rs 101.7 Cr. (Positive)

PVR INOX: Company expects to surpass 150 million footfalls in 2024. (Positive)

RVNL: Company gets LoA for a project worth Rs 837 cr from Eastern Railway. (Positive)

Urban Enviro: Company secured two new work orders from Borsad Municipality, Gujarat totaling Rs 168 million. (Positive)

Zaggle Prepaid: Company has entered into an agreement with Golden Jasraj Music Platforms Pvt. Ltd. (Positive)

Escorts: Arm Escorts Kubota Finance intends to commence its non-banking financial institution business activities (Positive)

Zomato: BSE to drop JSW Steel from Sensex, adds Zomato from Dec 23 (Positive)

Aurobindo Pharma: Subsidiary, signed a collaboration & license agreement with a global pharma major for respiratory products. USD 25 mn upfront payment received (Positive)

Waaree Tech: Received purchase order for 530 solar kits. (Positive)

HG Infra: Received letter of award for 500 MW battery storage project. (Positive)

IGL: Company hikes CNG price by Rs 1.5-4/kg in areas other than Delhi (Positive)

Hero MotoCorp: Company and US partner in advanced stage of developing mid-sized electric bike. (Positive)

LTIMindtree: Company incorporates JV entity ‘LTIM Aramco Digital Solutions for Information Technology’ in Saudi Arabia (Positive)

CESC: Eminent to acquire 100% stake in Chandigarh power distributor for ₹871 crore. (Neutral)

Afcons: Lower other expenses and tax reversals increase PAT (Neutral)

Thirumalai Chemicals: Company secured Rs 200 Cr term loan from Federal Bank to further invest in TCL Specialties LLC. (Neutral)

Ipca Laboratories: Company announces a revised record date of November 27, 2024, for interim dividend entitlement for FY24-25. (Neutral)

Jyoti Structures: Company to raise up to Rs 500 crore via rights issue. (Neutral)

MTNL: Company could not fund ESCROW account with adequate amount due to insufficient funds. (Neutral)

BSE: Company introduction of futures & options contracts on 43 individual securities (Neutral)

Karnika Industries: Company to setup new plant at Gurgaon for production of denims. (Neutral)

LG Balakrishnan: Investing Rs. 50 Crores for capacity expansion in Chennai. (Neutral)

Protean Egov: NSE investments to exercise oversubscription option in protean Egov technologies OFS (Neutral)

UPL: Long-term bank facility rating downgraded from CARE AA+ to AA; outlook revised from Negative to Stable. (Neutral)

GPIL: Company acquired 21.46% equity stake in Jammu Pigments Ltd for Rs 69.54 Cr and subscribed Rs 175 Cr in CCPS, aiming for 51% stake post conversion. (Neutral)

ICICI Lombard: Company acquired a 0.19% stake in HDFC Life Insurance (Neutral)

Vedanta: NCLT approves meetings of shareholders and creditors (Neutral)

Alembic Pharma: US FDA has issued form 483 with 5 observations for Jarod facility (Neutral)

Adani Group stocks: Petitioner in Hindenburg Case files fresh plea in SC, urges that ‘malpractices are of serious nature’, ‘should be investigated’ by Indian Agencies. US International Development Finance Corp. is conducting due diligence on a $500M loan for an Adani-backed Sri Lanka port (Neutral)

Retro Green: MD, Mr. Arunkumar Prajapati, resigned effective Dec 1, 2024.

ABFRL: Company received Rs 246.49 Cr GST demand order from Chandigarh authorities.

News Headlines from Business News Agencies:

Business Standard

📝 Major port cargo contracts by 3.2% to 68.22 mmt in October, shows data
📝 Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds
📝 Urban demand needs an upward spiral: ITC Executive Director Bhargavan
📝 FMCG distributors write to Finance Ministry on quick-commerce practices
📝 India-dedicated fund outflows hit largest since June 2022: Elara Capital
📝 Govt should add coking coal to critical minerals list: Niti report
📝 NGEL to invest Rs 2 trillion in Andhra for renewable energy projects
📝 SBI launches low-cost tailored vehicle loan for Uber's fleet partners
📝 Raymond receives NOC from exchanges for demerger of its realty business
📝 Flipkart's Binny Bansal steps down from fintech major PhonePe board
📝 Govt extends deadline for electric construction equipment safety compliance
📝 Advent agrees to sell Manjushree Technopack to PAG for nearly $1 billion
📝 After Mercedes, BMW India announces price hike of up to 3% from January

Economic Times

📝 India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top
📝 India Inc’s interest cover weakens in Q2 amid slowing revenue, profit growth
📝 FSIB recommends Binod Kumar for post of Indian Bank MD & CEO
📝 CCI rejects Apple request to put antitrust report on hold
📝 Central Bank of India gets RBI nod to enter insurance biz through JV with Generali group
📝 AkzoNobel India approves selling company's immovable properties
📝 Sony bags Asian Cricket Council media rights till 2031
📝 Centre readies Technology Collaboration Portal to bridge chemical makers and research institutions
📝 Trai asks telcos to publish coverage maps on websites
📝 German GDP downgraded in new blow for struggling economy
📝 Hyundai recalls over 145,000 electrified US vehicles on loss of drive power
📝 Centre releases 15th Finance Commission grant for rural local bodies in Karnataka

Mint

📝 India's food processing industry spurs FMCG fresher jobs hiring; rising to 32% in H2FY24
📝 Finance COP fails to offer adequate finance to developing countries for climate
📝 India announces $5 billion incentive to boost electronics manufacturing
📝 Demand from Europe fuels recovery in Indian textile exports
📝 IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD
📝 Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries
📝 Mumbai, Delhi lead surge in demand for luxury residential properties in APAC
📝 Services sector boosts business activity as manufacturing growth slows in Nov
📝 India at CoP-29: Push for climate finance and strengthen domestic sources
📝 Zepto raises another $350 million in third fundraise in six months
📝 Bulk drug makers to benefit from price stability but need to improve efficiency

Fund Houses Recommendations

Citi on Reliance Ind: Upgrade to Outperform on Company, target price at Rs 1530/Sh (Positive)

Jefferies on M&M: Maintain Buy on Company, target price at Rs 3700/Sh (Positive)

HSBC on M&M: Maintain Buy on Company, target price at Rs 3390/Sh (Positive)

MS on Oberoi Real: Maintain Equal weight on Company, target price at Rs 2060/Sh (Positive)

Bernstein on NTPC: Maintain Outperform on Company, target price at Rs 440/Sh (Positive)

Antique on India Strategy: Believes recent market correction good opportunity to accumulate stocks. (Positive)

Emkay on India Strategy: Cuts Nifty target by 4% to 25,000 from 26,000. (Neutral)

Jefferies on Maruti: Maintain Hold on Company, target price at Rs 10900/Sh (Neutral)

GS on Astral: Maintain Hold on Company, cut target price at Rs 2170/Sh (Neutral)

HSBC on Escorts: Maintain Neutral on Company, target price at Rs 3180/Sh (Neutral)

MS on SBI Cards: Maintain Equal weight on Company, target price at Rs 650/Sh (Neutral)

Here's a comprehensive list of opening and closing times for various stock exchanges around the world: T.me/AlliesFin

Asian Stock Exchanges

1. Tokyo Stock Exchange (TSE): 9:00 AM - 3:00 PM JST (4:30 AM - 10:30 AM IST)
2. Shanghai Stock Exchange (SSE): 9:30 AM - 3:00 PM CST (7:00 AM - 12:30 PM IST)
3. Hong Kong Stock Exchange (HKEX): 9:30 AM - 4:00 PM HKT (7:00 AM - 1:30 PM IST)
4. Singapore Exchange (SGX): 9:00 AM - 5:00 PM SGT (6:30 AM - 2:30 PM IST)
5. Bombay Stock Exchange (BSE): 9:15 AM - 3:30 PM IST
6. National Stock Exchange (NSE): 9:15 AM - 3:30 PM IST

European Stock Exchanges

1. London Stock Exchange (LSE): 8:00 AM - 4:30 PM GMT (1:30 PM - 10:00 PM IST)
2. Euronext Paris: 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)
3. Deutsche Börse (XETRA): 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)
4. Swiss Exchange (SIX): 9:00 AM - 5:30 PM CET (2:30 PM - 11:00 PM IST)

American Stock Exchanges

1. New York Stock Exchange (NYSE): 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)
2. NASDAQ Stock Market: 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)
3. American Stock Exchange (AMEX): 9:30 AM - 4:00 PM ET (8:00 PM - 2:30 AM IST)

Australian Stock Exchange

1. Australian Securities Exchange (ASX): 10:00 AM - 4:00 PM AEST (5:30 AM - 11:30 AM IST)

Please note that these times are subject to change, and it's always best to check with the exchange or a reliable financial source for the most up-to-date information.

News Headlines from Business News Agencies :

Business Standard :

📝 IndiGo, Japan Airlines set to commence codeshare partnership next month

📝 UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal

📝 Maruti Suzuki achieves milestone of exporting 3 million cars from India

📝 Bumper kharif production to lower food inflation in coming months: FinMin

📝 7% workforce growth expected in H2 driven by logistics, e-comm: Report

📝 Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years

📝 GoM report on GST on health insurance to be put before Council: FinMin

📝 India strengthens GenAI startup market, funding up over threefold: Nasscom

📝 Coal India floats tender seeking bids from private players for e-auction

📝 MakeMyTrip launches multi-currency payment options to boost inbound tourism

📝 Jyoti Structures to raise up to Rs 500 cr via rights issue

📝 Blackstone to buy stakes in natgas producer EQT's pipelines for $3.5 bn


Economic Times :

📝 India's economic outlook for coming months 'cautiously optimistic': Finmin Report

📝 Microfinance sector tightens lending norms to address asset quality stress

📝 Amara Raja Infra sets up India's first green hydrogen fuelling station in Leh

📝 TIPS Music inks direct partnership with TikTok

📝 HDFC Life launches probe after customer data shared with "mala fide" intent

📝 Rexas Finance (RXS) ends presale with $12.2M raised: A guide to buying RXS crypto

📝 Sumadhura Group targets revenue of Rs 4000 crore from Hyderabad and Bengaluru projects

📝 Solarworld Energy Solutions secures Rs 110 cr in pre-IPO placement round

📝 Food inflation a 'short-term blip', will focus on volume growth: TCPL MD & CEO

📝 Edible oil industry urges government to resume futures trading for farmers' support

📝 Generative AI funding in India soars 6x in Q2 FY25: report


Mint :

📝 S&P Global cuts India's GDP growth for FY26 and FY27, forecasts 6.8% in FY25

📝 Tata Capital Healthcare Fund to increase investment ticket size to $25 million

📝 Equinox, formerly Indiabulls Real Estate, debuts under ‘Embassy’ banner

📝 Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years

📝 Govt to dispatch 150 tonnes of onions by road to combat rising prices in J&K

📝 Star Health Unveils 'Star Arogya Digi Seva' to Bridge Healthcare Gaps in Rural India

📝 Apple's bid to pause India's anti-trust probe rejected by Competition Commission

📝 Crompton’s consumer durables biz on track, but Butterfly recovery taking longer

📝 Boardrooms to startups: PE firm scouts for professionals to build new ventures

📝 Kalpataru, Unimech Aerospace and Manufacturing gets SEBI nod for IPO

📝 Next year likely to bring more clarity for M&A deals: Investec officials

🇮🇳India Daybook Stocks in News


HUL: Board approves demerger of the ice cream business into an independent listed entity (Positive)

KEC International: Company secures new orders worth Rs 1,114 crore across key businesses (Positive)

Super Spinning Mills: Long-term bank facilities rating upgraded to CARE BB+; Stable from CARE BB-; Stable by CARE Ratings. (Positive)

IndiGo: Company continues to dominate domestic airline market share in October with total of 63.3%. (Positive)

Gulf Oil: Company and Piaggio India renewed their exclusive lubricant partnership until 2030 (Positive)

Ashoka Buildcon: Company secures Rs 1,391 crore NHAI project for West Bengal economic corridor. (Positive)

Afcons: President of Ghana Commissions $447 million railway line built by Company (Positive)

Positron Energy: Company signed a 5-year master agreement with HPCL LNG Ltd. for regasification services at Chhara LNG Terminal, Gujarat. (Positive)

Maruti Suzuki: Company achieves 30 lakh car export milestone. (Positive)

Premier Energies: Company units got multiple orders worth Rs 10.87 Billion for supply of solar PV cells and modules. (Positive)

Stove Kraft Ltd: Company commissioned a new automated Cast Iron Foundry at its Harohalli factory on November 25, 2024 (Positive)

Hitachi Energy/BHEL: Companies secured a contract from Power Grid for a 6,000 MW HVDC link project. (Positive)

Best Agrolife: Company received a 20-year patent from the Indian Patent Office for its 'Stable Synergistic Insecticidal Composition'. (Positive)

Crompton Greaves: Company launched LED Tab Light (Positive)

Power Grid: Gets Letter of Intent to establish inter-state transmission system in Uttar Pradesh and Rajasthan (Positive)

Allcargo: LCL Volume Up 5%, FCL Volume Up 7% MoM & Up 14% YoY (Positive)

New India Assurance: Company received a cumulative income tax refund order of INR 1945.1 crore (Positive)

LT Foods: Company expands its global footprint to the Kingdom of Saudi Arabia to tap the U.S. $ 2 billion rice and rice-based food market (Positive)

Vodafone Idea/ Bharti Airtel: Cabinet approved a proposal to waive the bank guarantees (BG) that telecom operators were required to provide for spectrum purchases up to 2022. (Positive)

Zen Technologies: Company gets 20th patent in the year 2024 (Positive)

Wipro: Omkar Nisal replaces Pierre Bruno as Wipro's CEO for Europe Strategic Market Unit, effective November 26. (Neutral)

Genus Power Infrastructures: Company received CRISIL AA-/Stable rating for ₹3861.6 Cr bank loans and CRISIL A1+ for its Rs 100 Cr commercial paper program (Neutral)

JBM Auto: Company proposes sub-dividing its Rs 2 FV equity shares into Rs 1 FV shares. (Neutral)

Paushak Ltd: Company announces a planned shutdown of its manufacturing facilities from Nov 26th to Dec 6th, 2024, for annual maintenance. (Neutral)

Jyoti Structures: Company to raise up to Rs 500 crore via rights issue. (Neutral)

Gujarat Investa: Yashvi Shah resigned as Company's Company Secretary and Compliance Officer on November 25, 2024. (Neutral)

MedPlus Health: SBI Mutual Fund decreased its MedPlus Health Services shareholding by 2% (Neutral)

Spectrum Food: Company appointed Mr. Nakul Sharma as Company Secretary and Compliance Officer, effective November 25, 2024. (Neutral)

Jyoti Structures: Company board approved a rights issue of up to Rs 500 crore. (Neutral)

Greaves Cotton: Company appointed Mr. Jaganmohan Rao Medisetti as Head R&D ePowertrain on Nov 25, 2024. (Neutral)

Vedanta: Company is going ahead with its second dollar bond offering in two months, testing investor appetite for Indian offshore debt: Bloomberg. (Neutral)

GPIL: Company acquired 21.46% equity stake in Jammu Pigments Ltd for Rs 69.54 Cr and subscribed Rs 175 Cr in CCPS, aiming for 51% stake post conversion. (Neutral)

Axis Bank: ICICIPru MF acquired 3474965 (0.11% equity) shares on 22nd Nov'24 in the bank (Neutral)

Zomato: Company announced QIP and sets floor price at Rs 265.9/Sh versus previous close 273.3/Sh. (Neutral)

Adani Group: Fitch places Adani Energy, Adani Ports and Adani Electricity Mumbai on 'watch negative' (Neutral)

IDFC First: Neeraj Naidu resigns as 'Chief Information Security Officer' of IDFC First Bank w.e.f. November 25, 2024 (Neutral)

GE Vernova: Grid Equipments will sell up to (8.38% stake) via OFS on NSE & BSE.

ACME Solar: Net profit at Rs 15.2 cr vs Rs 38.6 cr, Revenue at Rs 259 cr vs Rs 323 cr (YoY)

Adani Green: Fitch revised outlook for Adani Green to Negative from Stable.

GIFT Nifty +30 pts (24235) from last trade 24205 ,

Nikkei -222 pts ,
Hangseng +28 pts ,


Dow +123.74 pts ,Nsdq +120.75 pts, S&P
+34.26 pts , Bovespa +886 pts , Ftse -33 pts , Dax -109 pts , Cac -62 pts , Crude @ $68.88 brl (+0.11), Brent @ $72.92 brl (-0.09) , Gold @ 2632.00 (+10.70), Silver $30.455 (+0.05), Euro @ $1.0488, JPY @ $153.13, INR @84.335

Today's Corporate Action
27th Nov Ex Date

BHATIA
Interim Dividend    

Today's Key Results/Board Meetings
27-Nov-24
     
AHLWEST
Quarterly Results
ASTALLTD
General
GHCL
General
HARISH
Quarterly Results;
General
INTEGFD
Issue Of Warrants;Increase in Authorised Capital;General
JMJFIN
Increase in Authorised Capital;General
PADAMCO
Bonus issue;General
BRILRealty
General

Stock under F&O ban on NSE
27-Nov-24

None

News Headlines from Business News Agencies:

Business Standard

📝 Govt to boost ease of doing biz, lower compliance for fintech: DFS Secy
📝 JSW Steel, SAIL seek Mongolian coking coal imports amid high steel demand
📝 AVPL International to invest Rs 15 cr for drone manufacturing unit in Bihar
📝 Swiggy Instamart wins quick commerce race with 8-minute delivery: JPMorgan
📝 Uttar Pradesh government aims to sparkle in gems and jewellery sector
📝 Sebi introduces mark-to-market basis valuation for repo transactions by MFs
📝 London-Delhi can collab on best ways for a clean climate: British minister
📝 Realty most violative sector on problematic advertising in Apr-Sep: Report
📝 Andhra to review power deal linked to Adani Group amid US SEC charges
📝 Saudi Arabia signs $9 bn metals deals with firms including Vedanta, Zijin
📝 India's milk output up by 4% to 239.30 mn tonnes in 2023-24: Union Minister
📝 PSBs to launch new products in 3-4 months to ramp up credit growth

Economic Times

📝 TVS Industrial & Logistics Parks expands into eastern India with new facility in Siliguri
📝 EV maker VinFast narrows Q3 losses, beats revenue estimates on strong demand
📝 Tower cos to spend Rs21,000 crore capex over FY25-26: CRISIL Ratings
📝 China warns 'no one will win a trade war' after Trump vows big tariffs
📝 NFO Update: DSP Mutual Fund launches business cycle fund
📝 AstraZeneca Pharma gets CSDCO nod to import anti-cancer drug Lynparza
📝 Number of 5G subscribers in India may triple to 970 mn by 2030: Report
📝 KEI Industries launches QIP, floor price fixed at Rs 3,880.54
📝 Adani Wilmar said to defer stake sale amid US bribery charges
📝 India plans insurance law changes for unified licence, hiking FDI limit, sources say
📝 Meesho launches GenAI-powered voice bot to provide 24x7 customer support

Mint

📝 Aviation min working to integrate air space, IMD data with Gati Shakti
📝 NTPC Green Energy launches JV with Maharashtra State Power ahead of market debut
📝 India will have more than 270 mn 5G subs by 2024-end, 970 mn by 2030: Ericsson
📝 India’s trade department partners gaming platform WinZO for a global powerup
📝 DBS Foundation Deploys SGD 88 Million to Widen Financial Inclusion Across Asia
📝 India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll
📝 Sharechat to ramp up investments in algorithms to improve user retention
📝 India signs final act of Riyadh Design Law Treaty, strengthens IP framework
📝 New credit card issue declined by 45 per cent YoY in October: Report
📝 NPCI lounge access policy for RuPay credit cards from Jan 1, 2025
📝 HMD shifts manufacturing hub from China to India, eyes global export boost.