Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh

CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.

10:49 AM

Sebi permits brokers to extend margin trading facility to equity ETFs

"Taking into account the emergence of ETFs as an investment product with various advantages such as transparency, diversification, lower cost, etc, it has been decided to allow units of equity exchange traded funds (equity ETFs)... as an eligible security for MTF as well as an eligible collateral under MTF," Sebi said in a circular. READ MORE

10:38 AM

If investment review shows decline in international allocation, restore it

Investors will sit down in December with their financial advisers to review their mutual fund portfolios. Do-it-yourself (DIY) investors must also conduct this exercise at least once every year. READ MORE

10:28 AM

MARKET CHECK :: Sensex at day's low, slips 400 pts

10:20 AM

Consumer durable demand outlook likely to remain weak in Q3FY23

After a strong Q1FY23, the performance of consumer durable majors -- barring wires/cables companies -- have been sluggish. READ MORE

10:10 AM

Tata Play becomes first firm to file confidential papers with Sebi for IPO

Tata Play’s offer document will only be open to scrutiny by the regulator and exchanges, but will not be open to the public. The company will then have to file an updated DRHP, which will be a public document once Sebi issues its observations and the company decides to launch its IPO. READ MORE

10:00 AM

PB Fintech surges 6% after 5% equity changes hands on the NSE

According to reports, SoftBank Group had plans to sell a 5 per cent stake in PB Fintech Ltd. Japanese conglomerate SoftBank owned more than 10 per cent stake in PB Fintech through two of its units, according to exchange data READ MORE

9:48 AM

COMMENT : 'Amid elevated valuations, domestic markets likely to consolidate'

A major market positive that has helped equity markets globally during the last several days has been the steady decline in the dollar index and US bond yields. This trend continues. The dollar index is now below 105 and the US 10-year bond yield is around 3.43 %.

Another important data is the declining manufacturing activity in the US in November. This negative economic news is paradoxically positive news from the market perspective since it indicates that the US economy is responding to the monetary tightening by the Fed.

So, US inflation is likely to decline further enabling the Fed to slow down rate increases and perhaps pause in Q1 of 2023. This is market positive.

Back home, even though there is momentum in our markets, valuations are at elevated levels. Scope for further PE expansion is limited. Therefore, the market is likely to consolidate around the present levels.

Views by: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

9:42 AM

MOIL's manganese ore production rises 60% MoM; stock up 6%

>> With a Production of 1.2 lakh tonnes of Manganese Ore in November, 2022, MOIL nas registered a significant growth of 60% during the month over October, 2022.

>> On the sales front, MOIL has recorded a growth of 82% during the period over the previous month, inspite of challenging market conditions.

9:40 AM

Westlife Foodworld advances over 2% on 'Vision 2027' mission

9:37 AM

Paytm jumps 4%; brokerages bullish on company post Analysts' meet

9:36 AM

Bandhan Bank gains 2% post Analysts' Meet

9:32 AM

ONGC gains 2%, RIL 0.4% as govt slashes windfall tax

>> The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel. The tax on crude oil produced by firms such as state-owned ONGC has been reduced to Rs 4,900 per tonne from the existing Rs 10,200 per tonne. In the fortnightly revision of windfall profit tax, the government cut the rate on export of diesel to Rs 8 per litre from Rs 10.5 per litre.

9:30 AM

YES Bank surges 4% on RBI's conditional nod to Carlyle and Advent International's acquisition

>> The Reserve Bank of India has issued conditional approval to PE investors Carlyle and Advent International for planned acquisition of 9.99 per cent share capital of YES Bank.

9:28 AM

Large Trade :: 5% equity changes hands on PB Fintech, stock up 3%

>> 1.86 lakh shares changed hands on BSE

>> 2.85 million shares changed hands on NSE

9:25 AM

BSE SmallCap index gains 0.25%; Talbros A utomotive, MOIL rise the most