RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750

Closing Bell on November 17, 2023: The broader markets, on the other hand, notched gains with the BSE MidCap and SmallCap indices rising 0.27 per cent and 0.36 per cent, respectively

9:19 AM

Sensex Heatmap :: Financials drag benchmarks; SBI, Bajaj twins drop up to 2.7%

9:18 AM

Opening Bell :: Nifty holds 19,700 in early deals

9:17 AM

Opening Bell :: Sensex falls 150 pts

9:09 AM

Pre-Open Session :: Nifty settles below 19,700

9:08 AM

Pre-Open Session :: Sensex slides 200 pts

9:03 AM

Currency Alert: Rupee opens flat at 83.23/$

9:02 AM

Watch: Is it time to bet on new-age stocks?

8:56 AM

Brokerage views on RBI tightening norms for consumer loans

>> RBI action on conumers credit could push up borrowing and lending rates, housing finance stocks could be tactical beneficiaries, unaffected by new RBI norms: Morgan Stanley

>> RBI increases RWA, headwinds for sector, double whammy for NBFCs, banks loan growth should slow down while private banks can abosrb impact well: Macquarie

>> RBI indirectly telling banks to slow down on unsecured loans. Estimate 230 bps and 415 bps cuts in tier 1 capital for Bajaj Finance and SBI Card: CLSA

>>  Banks & NBFCs will see an additional capital consumption of 40-80 bps. SBI Card to be most impacted: HSBC

Via CNBC TV-18

8:52 AM

Morgan Stanley sets benchmark Sensex target of 74,000 by December 2024

Morgan Stanley has set a December 2024 target of 74,000 for the benchmark Sensex. This implies an upside of 12 per cent from the current level.

“This level suggests that the BSE Sen­sex will trade at a trailing P/E multiple of 24.7x, ahead of the 25-year average of 20x. The premium over the historical average reflects greater confidence in the medium-term growth cycle in India,” the brokerage said in its ‘2024 India Equity Strategy Outlook’ note. Read here

8:49 AM

Indian equity markets gain significant heft in emerging market basket

The Indian equity markets have significantly increased in importance within the emerging market (EM) basket of stocks in recent years. Since 2018, India’s weighting in the Morgan Stanley Capital International (MSCI) EM Index — tracked by passive funds with assets of nearly $500 billion — has doubled, while the number of domestic stocks has grown by almost 70 per cent. Read

8:46 AM

Tata Technologies IPO: A brief overview of the Pune-based ER&D firm

Apart from its anchor clients Tata Motors and Jaguar Land Rover, the company served other global biggies such as Airbus, Ford, McLaren, Honda, and Cooper Standard. Read

8:42 AM

India bond yields seen easing as oil, US peers decline; debt sale eyed

The 10-year benchmark bond yield is expected to move in a range of 7.21%-7.26%, after ending the previous session at 7.2356%, a trader with a primary dealership said. Read

8:39 AM

SoftBank likely to sell stake worth $150 mln in India's Delhivery

SoftBank is likely to sell a stake worth $150 million in Indian logistics firm Delhivery, Moneycontrol reported on Thursday, citing sources. Read

8:35 AM

Assembly elections LIVE: Voting underway in Madhya Pradesh, Chhattisgarh

Voting for Madhya Pradesh's all 230 assembly seats began at 7 a.m. today. The voters can cast their ballots until 6 p.m., except in the Baihar, Lanji, and Parswara assembly seats of Balaghat district and some booths in Mandla and Dindori districts, where voting will be held until 3 p.m. Track updates

8:30 AM

DIIs lend support: Buy Rs 706 crore of shares Thursday