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

SI Reporter New Delhi

Photo: Bloomberg

8:28 AM

FPIs buy Rs 957 crore of shares on Thursday

stocks, markets, investors, growth, funds, investments, brokers

8:24 AM

IPO Watch: Fedbank Financial sets price band at Rs 133-140

The IPO of Fedbank Financial Services, arm of Federal Bank, will open on November 22 and close on November 24.

8:20 AM

Sell on Rise: Nifty FMCG and Nifty Auto ripe for profit booking

A decisive close above 16,880 is essential to trigger a renewed wave of bullish sentiment in both Nifty Auto and its constituents, said Ravi Nathani. Read

8:16 AM

HCLTech strong on charts: HDFC Securities suggests Bull Spread Strategy

Technology stocks are looking good on the short to medium-term charts, said Nandish Shah of HDFC Securities. Read

market, stocks, buy, sell, stock calls, stock market trading, stock market

8:12 AM

Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked

Oil-linked stocks: Stocks dependent on crude oil and it's derivatives, such as oil marketing companies, paints, tyres, oil explorers, etc might show some action on the bourses on Friday after Brent crude tumbled 5 per cent Thursday to hover around $77 per barrel-mark.

Financials: Shares of banks and NBFCs are likely to hog the limelight following the Reserve Bank of India's mandate to assign higher risk weightage for unsecured loans.

Delhivery: SoftBank may offload around 31 million, or 4 per cent stake, in the logistics company for $150 million via block deals today, according to reports. Read

8:08 AM

Alibaba slides 10% in Hong Kong on shelving cloud group spinoff

>> Shares of the Chinese e-commerce giant tanked 10% in Hong Kong after it announced it would not proceed with the full spinoff of its cloud group due to US chip export restrictions.

>> Alibaba said US chip export restrictions have made it harder for Chinese firms to get critical chip supplies from US companies.

Via CNBC.com

8:04 AM

Banks, NBFCs on radar today: RBI raises provisioning requirements for consumer loans

In an effort to contain high growth in consumer credit, the Reserve Bank of India has increased the risk weights for consumer credit including credit card and personal loan exposure of commercial banks and finance companies.

As a consequence, banks and non-banking finance companies will have to set aside a higher amount of capital for outstanding as well as new exposures. The risk weight for consumer credit exposure of commercial banks and NBFCs has been raised by 25 percentage points to 125 per cent.

However, the risk weight hike decision will not apply to housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery. Read