Fag-end buying lifts Sensex 204 pts, Nifty near 19,900; Adani stocks zoom

Closing Bell on November 28, 2023: Adani Enterprises (up 9 per cent), Adani Ports (5.5 per cent), BPCL, Tata Motors, Coal India, ONGC, Bajaj twins were the top gainers

2:05 PM

Sebi plans to ease capital and disclosure rules for passive funds: Reports

Proposed new rules would also allow existing fund houses to hive off their passive investment schemes into separate entities to take advantage of the looser regulation, sources said. READ MORE

1:52 PM

Sector ALERT:: BSE Power index soars over 3%; Adani Group, Tata Power lead

1:40 PM

Sector ALERT:: BSE Oil & Gas index up 2.5%; OMCs rally up to 6%

1:27 PM

Asian Market Update:: Major indices display mixed trend

Source: Yahoo Finance

1:15 PM

ALERT: LIC to launch new plan on Nov 29, reports CNBC-TV18

LIC to launch new insurance plan ‘Jeevan Utsav’ on November 29. The new insurance plan will give compulsory survival benefit of 10%. 

1:04 PM

Stock of this Adani group has zoomed over 200% in 10 months; hits new high

Shares of Adani Power (APL) hit a new high at Rs 464.30, as they surged 17 per cent on the BSE in Tuesday’s intra-day trade on the back of heavy volumes.

The average trading volumes at the counter jumped over six-fold with a combined 52.71 million equity shares or 1.4 per cent of total equity of integrated power utilities company changed hands on the NSE and BSE till 12:29 PM. In comparison, the S&P BSE Sensex was flat at 65,967. Read

12:46 PM

Fast-fashion retail giant Shein may go public with US IPO filing

China-based fashion giant Shein may have confidentially filed for an initial public offering (IPO) in the United States, according to a report by Reuters. The news was first reported by the Wall Street Journal and both publications have cited anonymous sources backing the claim. As per the reports, Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been enlisted as lead underwriters for the offering, with a potential IPO date in 2024. Read

12:33 PM

India's subsidies may cost the govt Rs 50,000 cr more than its FY24 Budget

India's overall subsidy bill may surge by Rs 50,000 crore this fiscal year because of increased expenditure on fertiliser, cooking gas and food security, a report by the Economic Times (ET) said. The government aims to cover this higher spending from savings under other heads in its Rs 45 trillion FY24 budget, it said. Read

12:15 PM

Healthy outlook, upcoming Tata Tech listing lifts Tata Motors to new high

Shares of Tata Motors and Tata Motors (Differential Voting Rights) gained 3 per cent to hit their respective record highs on the BSE in Tuesday’s intra-day trade ahead of listing of its subsidiary Tata Technologies (Tata Tech). Read

12:00 PM

RBI in discussions with US, Hong Kong, Swift on digital bank payments

The Reserve Bank of India is in discussion with its counterparts in the United States and Hong Kong, along with the Society for Worldwide Interbank Financial Telecommunications (SWIFT), on cross-border digital bank payments or central bank digital currencies (CBDC), according to a report by The Economic Times (ET). Read

11:45 AM

Vodafone Idea likely to miss December deadline to raise funds: Report

As it fails to finalise a deal with investors, Vodafone Idea (Vi) is likely to miss the December deadline to raise fresh funds, The Economic Times (ET) reported. However, it is in talks with the Export-Import Bank (Exim) of the US to raise capital for procuring equipment for its 5G network. Read

11:31 AM

Festive season auto sales scale record high in 2023, up 19%, says FADA

Automobile retail sales during the festive season saw the highest-ever numbers in 2023 scaling 3.793 million units, up 19 per cent compared to 3.195 million units during the same period in the last fiscal.  The 42-day festive period started on the first day of Navratri and ended 15 days after Dhanteras. Read

11:15 AM

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

The fate of the planned merger between Sony Group Corp.’s India unit and Zee Entertainment Enterprises Ltd. may be known as early as next week, according to people familiar with the matter, as the companies face a looming deadline to resolve their standoff or scuttle a long-awaited deal to create a $10 billion media giant. Read

11:01 AM

This stock has delivered over 20% returns in each of the last five months

Shares of the BSE hit a new high at Rs 2,280, as they surged 5 per cent on the National Stock Exchange (NSE), extending its rally on expectation of strong earnings after the exchange’s success in the derivatives segment. Read

10:44 AM

HSBC hires UBS's Gautam Anand for role serving India's rich diaspora

HSBC Holdings Plc hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Read