Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%

Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.

9:09 AM

Pre-Open: Nifty unchanged

9:08 AM

Pre-Open: Sensex off to start with small gains

9:02 AM

Has the rally in shares of gold financiers run its course?

As gold prices continue to rise, will the rally in gold financiers continue? Or will it lose its steam amid the RBI's recent directive on unsecured loans? FIND OUT

8:58 AM

SBI set to increase interest rate after RBI's higher risk weight norms

State Bank of India (SBI), the country’s largest lender, will increase interest rates on unsecured loans — personal loans — following the banking regulator’s move to mandate higher risk weighting for those segments.The increase in risk weighting for unsecured loans will have an impact of 2-3 basis points on SBI’s net interest margin (NIM), Chairman Dinesh Khara said on Wednesday. READ MORE

8:55 AM

Holdcos rally ahead of easing of delisting norms, investors lap up shares

Investors are eagerly acquiring shares of investment holding companies (holdcos) in anticipation of a potential relaxation of delisting norms. The Securities and Exchange Board of India (Sebi), in its board meeting scheduled for Saturday, is expected to streamline the delisting framework and introduce a distinct mechanism for the delisting of holdcos. READ MORE

8:51 AM

Investors make a beeline as five IPOs hit market; most oversubscribed

Investors are flocking to the five initial public offerings (IPOs) that have hit the market. Most share sales have already experienced more demand than shares on offer, with cumulative bids totalling almost Rs 25,000 crore. The five maiden share sales together aim to mobilise Rs 7,377 crore in what will be the busiest week for IPOs in calendar year 2023. READ MORE

8:47 AM

Stocks to Watch today: Honasa, IndiGo, SBI, Infy, Liberty Shoes, RBL Bank

Stocks to watch on Thursday, November 23, 2023: Honasa Consumer in its first result filing post listing reported a in net profit to Rs 29.40 crore for Q2FY24 as against a loss of Rs 15 crore in Q2FY23. READ MORE

8:44 AM

Here's why the world's most loved-emerging market is feeling jittery

Where India has stood apart from most other emerging markets is in delivering high economic growth - 6 per cent-plus expected in 2023 and 2024, according to the International Monetary Fund. READ MORE

8:40 AM

ALERT:: Gift Nifty quotes near 19,900

8:36 AM

Nifty Metal, Nifty Pharma: 'Sell on rise' as charts suggest likely pullback

The current market scenario for the Nifty Metal Index reveals a bearish trend in the near term, as depicted by the charts. To navigate this trend effectively, traders are advised to implement a strict stop loss at 6,880. READ MORE

8:33 AM

Infosys inks partnership with TK Elevator to help build AI-first strategy

IT major Infosys has signed a strategic long-term collaboration with TK Elevator, a leading urban mobility company, to help the latter in its digital transformation with an artificial intelligence (AI)-first strategy. The financial details of the engagement were not disclosed. READ MORE

8:29 AM

Asian Market Update:: A mixed picture

Source: Yahoo Finance

8:25 AM

Commodity ALERT:: Brent Crude Oil slips, quotes below $81 mark

Oil prices slipped after OPEC+ producers unexpectedly delayed a meeting on production cuts, raising questions about global crude supplies.

8:22 AM

Commodity ALERT:: Gold steady around $2,000-mark

Source: Investing.com

8:18 AM

ALERT:: US economy may be strong enough to avoid recession

Economic reports on jobless claims, durable goods, and consumer sentiment seemed to suggest the economy is easing but may stay strong enough to avoid recession.

 

Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.

 

Tuesday's minutes on the last Fed meeting showed a cautious approach toward monetary policy.

 

- Reuters