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Closing Bell on November 16, 2023: Among sectors, the Nifty PSU Bank index fell 0.24 per cent, the Nifty FMCG 0.15 per cent, and the Nifty Bank 0.09 per cent

stock market

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	<strong>Stock market highlights</strong>: A solid trading session saw a relatively weak close as fag-end selling in banking stocks weighed on the bourses. The benchmarks, however, settled higher for a second consecutive session.</div>
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	The S&P BSE Sensex advanced 306.5 points, or 0.47 per cent, to end at 65,982.5 after hitting an intraday high of 66,358. The Nifty50, meanwhile, closed below the 19,800-mark at 19,762.5, higher by 87 points or 0.44 per cent. It hit an intraday high of 19,875.</div>
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	Hero MotoCorp, Tech M, HCL Tech, Tech M, Infosys, Bajaj Finserv, Dr Reddy&#39;s Labs, LTIMindtree, Apollo Hospitals, M&M, and Bajaj Finance gained between 2 per cent and 3.3 per cent, NTPC, BPCL, Wipro, Tata Motors, Bajaj Finance, Titan, ONGC, Sun Pharma, HDFC Bank, Tata Steel, Divis Labs, IndusInd Bank, Maruti Suzuki, and Adani Ports rose in the range of 0.5 per cent to 1.9 per cent.&nbsp;</div>
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	In the broader markets, the BSE MidCap and SmallCap indices closed 0.5 per cent higher each.</div>
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	Among sectors, the Nifty PSU Bank index fell 0.24 per cent, the Nifty FMCG 0.15 per cent, and the Nifty Bank 0.09 per cent. On the upside, the Nifty IT index rallied 2.7 per cent, follwoed by the Nifty Pharma, Media, and Metal indices (up 0.8 per cent each).</div>

Sensex gains 307 pts, Nifty holds 19,750; IT stocks dazzle, PSBs decline

Business Standard

Sensex gains 307 pts, Nifty holds 19,750; IT stocks dazzle, PSBs decline | News on Markets - Business Standard

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Asian stocks pare early gains to dip into red

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US stocks close with small gains as wholesale inflation falls

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Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

SmallCap Heatmap :: Index up 0.5%; Kalyan Jewellers, Jyothy Labs decline

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MidCap Heatmap :: Index ends 0.5% higher; GIC RE, Mphasis end as chart toppers

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Sectoral trends :: PSB, FMCG indices drop sharply in fag-end

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Sensex Heatmap :: Axis Bank, ITC, ICICI Bank weigh on index

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Closing Bell :: Sensex ends sharply off highs, still up 300 pts

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Nifty MidCap index scales new lifetime high of 41,818

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Stock of this small-cap pharma company has zoomed over 50% in last 3 weeks

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	Shares of Wockhardt surged 19 per cent on the BSE to a fresh 52-week high of Rs 334.50 in Thursday&rsquo;s intra-day trade on heavy volumes.<br />
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	The average trading volumes on the counter jumped over four-fold today. A combined 2.41 million equity shares, representing nearly 17 per cent of total equity of Wockhardt, changed hands on the National Stock Exchange (NSE) and BSE. <a href="https://www.business-standard.com/markets/news/stock-of-this-pharma-company-has-zoomed-over-50-in-3-weeks-123111600524_1.html" target="_blank"><strong>Read</strong></a><br />
	<img alt="Wockhardt" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/06/full/1622997167-8151.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></div>

ALERT :: RBI okays appointment of Isha Mukesh Ambani, Anshuman Thakur, Hitesh Sethia as Directors of Jio Fin

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TCS surges 4%; sets Nov 25 as record date for Rs 17,000-crore buyback issue

Shares of Tata Consultancy Services (TCS) jumped 4 per cent to Rs 3,523.20 on the BSE in Thursday&rsquo;s intra-day trade after the company fixed November 25 as the record date for its Rs 17,000-crore share buyback. <a href="https://www.business-standard.com/markets/news/tcs-surges-4-after-sets-nov-25-as-record-date-for-its-rs-17-000-cr-buyback-123111600412_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="TCS is already working with various government departments (central and state) on proof-of-concepts on the use of IoT and analytics." class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/01/full/1630520423-1381.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="TCS, Tata consultancy service" width="620" /></div>

Tata Motors hits new high, up 2% after setting price band for Tata Tech IPO

With Tata Motors holding 50 per cent plus stake in Tata Technologies post its partial stake sale in IPO, this is indeed value accretion event for Tata Motors, it said. Meanwhile, in another development, global rating agencies the S&amp;P Global Ratings and Moody&#39;s Investors Service upgraded the Long-term issuer credit and issue ratings of Tata Motors and its wholly-owned subsidiaries (TML Holdings Pte. Ltd and Jaguar Land Rover Automotive Plc). <a href="https://www.business-standard.com/markets/news/tata-motors-hits-new-high-up-2-after-setting-price-band-for-tata-tech-ipo-123111600312_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Protean eGov jumps 15% for 2nd straight day; now up 55% over issue price

PeTL is a leading PAN service provider in India and had market share of around 45 per cent in the new PAN card allotments during 9M FY23. Further, acting as a Central Recordkeeping Agency (CRA) for the National Pension System (NPS), the company had a market share of 98 per cent in terms of NPS subscribers and 99 per cent in terms of NPS asset under management (AUM). There are no comparable peers having product profile and business model to PeTL.&nbsp;<a href="https://www.business-standard.com/markets/news/protean-egov-jumps-15-for-2nd-straight-day-now-up-55-over-issue-price-123111600238_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Sudden, vertical rise in benchmarks; Nifty tops 19,750

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ALERT :: Sebi mulls allowing cos to disclose on only 1 bourse, says report

&gt;&gt; The Securities and Exchange Board of India is considering a proposal to allow companies to make disclosures to only one of the stock exchanges their securities are listed on instead of all of them.<br />
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&gt;&gt;&nbsp;Under this proposal, the stock exchange earmarked to receive such a disclosure will immediately dispatch it to the other bourse where the company&#39;s securities are listed.<br />
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&gt;&gt; Coordination between the BSE and National Stock Exchange will be crucial for the success of the proposed single-point disclosure by companies.&nbsp;&nbsp;<br />
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&gt;&gt; Sebi will take a final call on the proposal after conducting trial runs with successful results.<br />
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<em>Source: Informist Media</em>

Bajaj Fin falls 4% as RBI bars lending under eCOM, Insta EMI Card schemes

The direction cites violations of certain provisions of the digital lending guidelines including the non-issuance of key fact statements (KFS) to borrowers for these two lending products, and deficiencies in KFS issued for other digital loans sanctioned by the company. Shares of Bajaj Finance were trading lower for the third straight day, falling 7 per cent during the period. It was quoting at its lowest level since August 21, 2023. At 09:47 AM, the stock was down 1.5 per cent at Rs 6,937.15, as compared to 0.14 per cent decline in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/bajaj-fin-falls-4-as-rbi-bars-lending-under-ecom-insta-emi-card-schemes-123111600189_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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BREAKING :: US govt averts shutdown again

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">US CONGRESS AVERTS HOLIDAY SHUTDOWN WITH STOPGAP FUNDING BILL</p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1725006761621418266?ref_src=twsrc%5Etfw">November 16, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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Sectoral trends :: Metal index slips 0.3%, Realty up 0.2%

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Sensex Heatmap :: Bajaj twins, pvt banks, RIL drag

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Opening Bell :: Sensex starts with minor downtick

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Currency Alert: Rupee opens at 83.18/$, weakens by 4 paise

Watch: How will the primary market shape up in Samvat 2080?

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	Indian primary market has defied turbulence in the secondary market this year with a record number of IPOs and strong investor demand. As we begin Samvat 2080, will the IPO market continue to dazzle?</div>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="498" scrolling="no" src="https://www.youtube.com/embed/8bRZaXdEqec" title="How will the primary market shape up in Samvat 2080?  #TMS" width="600"></iframe>

ALERT: Tata Tech IPO price band fixed at Rs 475-500

Tata Technologies IPO&#39;s price band has been set at Rs 475-500 per share.<br />
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The issue will open on November 22 and close on November 24.&nbsp;<br />
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Tata Tech PE based on diluted EPS for FY23 is 32.53 times, as per the company.&nbsp;

CLSA sees RBI ban on digital lending products impacting Bajaj Fin bottom-line by 6%

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	CLSA maintains buy call on Bajaj Finance and views RBI&rsquo;s action as more of an operations breach rather than major violation of its guidelines.<br />
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	Jefferies says while RBI move on Bajaj Finance is negative, speed of correction will be key to reinstate products.&nbsp;<br />
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	Morgan Stabley maintains overweight rating, says issue looks to be one that can be resolved soon, thus mitigating EPS impact.&nbsp;<br />
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	<em>Via CNBC TV-18</em></div>
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	&nbsp;</div>

Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm

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	Tata Consultancy Services: TCS has fixed November 25 as the record date for determining the entitlement and eligibility of equity shareholders for participation in the company&rsquo;s Rs 17,000-crore share buyback plan.<br />
	&nbsp;</div>
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	Bajaj Finance: The Reserve Bank of India (RBI) has asked Bajaj Finance to stop sanctioning and disbursal of loans under &#39;eCOM&#39; and &#39;Insta EMI Card&#39; segments with immediate effect.<br />
	&nbsp;</div>
<div>
	ONGC: ONGC plans to invest about Rs 1 trillion in setting up two petrochemical plants to convert crude oil directly into high-value chemical products as it prepares for energy transition. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-nov-16-tcs-bajaj-fin-rategain-ongc-dabur-paytm-123111600105_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="markets, stocks, stock call, buy, sell, trading ideas, buy sell ideas" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-12/17/full/markets-stocks-stock-call-buy-sell-trading-ideas-buy-sell-ideas-1608188262-02312620.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Gift Nifty futures up 30-odd points over Nifty futures' previous close

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Sensex gains 307 pts, Nifty holds 19,750; IT stocks dazzle, PSBs decline

Closing Bell on November 16, 2023: Among sectors, the Nifty PSU Bank index fell 0.24 per cent, the Nifty FMCG 0.15 per cent, and the Nifty Bank 0.09 per cent

US equity futures hold tepid losses

Asian stocks pare early gains to dip into red

US stocks close with small gains as wholesale inflation falls

Good morning readers! Catch all live market updates here with Business Standard

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