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rupee ended 7 paise lower at 83.34, matching its record closing low, amid sustained dollar demand. “Investors will focus on the existing home sales data from the US and weaker-than-expected numbers could keep the dollar weighed down. We expect the USDINR (Spot) to trade sideways and quote in the range of 83.05 and 83.40," said Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial.

₹2,150 crore through the IPO, consisting of a fresh issue of ₹1,290.13 crore and an offer for sale of ₹860.08 crore. The price band for the offer has been fixed at ₹30–32 per equity share, with a face value of ₹10 each. The net offer will be reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

₹30 to ₹32 per equity share of face value of ₹10. Some of the key risks highlighted by IREDA in its Red Herring Prospectus, or RHP, include- 1- IREDA's business and financial performance could suffer if it is unable to effectively manage the quality of its growing asset portfolio and control the level of our non -performing assets ("NPAs") 2- Volatility in interest rates could adversely affect IREDA business, net interest income and net interest margin, which in turn would adversely affect business, results of operations and financial condition. 3.

KPIT Technologies share price declined over 5% in early trade on Tuesday after witnessing a stellar rally this month. The stock fell as much as 5.50% to ₹1,533.00 apiece on the BSE. KPIT Technologies shares have jumped more than 31% in one month while the stock is up over 12% year-to-date (YTD).

Canada's Member of Parliament Chandra Arya on Monday shared a video and alleged that Pro Khalistani supporters in Surrey expressed their intent to cause disturbances at the Hindu Laxmi Narayan Mandir. In a post on X, Indian-origin Arya, wrote, “Last week Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey BC according to some reports. Now it appears the same Khalistan group want to create trouble at the Hindu Laxmi Narayan Mandir in Surrey." He stressed all these are being done in the name of freedom of speech and expression.

To some degree, that’s the case in India, where shares trade at a 17% premium to those in the rest of the world. But there’s a silver lining here so potent that many in the market contend it outweighs the traditional bearish signals.

“We believe that foreign flows into Indian equities could slow down. It is not because the world is not convinced about India’s growth, but because given the rates at which treasuries are quoting in the developed markets,” says Harini Dedhia, Portfolio Manager and Head of Research, Tamohara Investments. In an interview with ETMarkets, Dedhia said: “The risk-to-reward ratio is not favorable in looking at equities in general as an asset class; forget Indian equities,” Edited excerpts: We are seeing some turnaround in Indian markets – is it the Diwali dhamaka or Santa rally? Neither really. The last 1-year performance of the Nifty50 has been less than that of a fixed deposit scheme, so to term it a rally would be incorrect.

National Capital continued to experience 'very poor' air quality on Tuesday morning, with an air quality index (AQI) of 323, as per the System of Air Quality and Weather Forecasting And Research (SAFAR-India). AQI in IIT Delhi was recorded at 321, the Airport (Terminal 3) area at 336 and Pusa at 337, as per the SAFAR. According to the Central Pollution Control Board (CPCB), at 7:41 am, AQI in Anand Vihar was recorded at 374, in Jahangirpuri at 399, in Lodhi Road at 315, and in New Moti Bagh at 370. The Air Quality Index from 0 to 100 is considered as good, while from 100 to 200 it is moderate, from 200 to 300 it is poor, and from 300 to 400 it is said to be very poor and from 400 to 500 or above it is considered as severe. The Air Quality Index is a tool for effectively communicating air quality status to people in terms that are easy to understand.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty, rally in US tech stocks to a weak dollar He believes the short-term trend of Nifty 50 continues to be range bound. There is a possibility of some more consolidation or minor weakness in the short term before showing upside bounce from the lows, he added. Here’s what to expect from Nifty 50 and Bank Nifty today: Examining the Open Interest (OI) data, Mandar Bhojane, Research Analyst at Choice Broking said the call side shows the highest OI at 19,800, followed by 19,900 strike prices.

Several states in India have collected detailed caste and sub-caste (jati) data over the past few years. Bihar became the first state to publicly release such data when it tabled its caste survey report in the state assembly earlier this month. Despite some complaints about the veracity of the numbers, all political parties seem to have accepted them.

Options data suggests that 19800 is likely to be a key hurdle for the Nifty 50, as that strike price call option holds the highest open interest. On Monday, the 50-stock index ended 0.2% down at 19694 points. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19,815, signaling that Dalal Street was headed for muted start on Tuesday.

Chandra Arya on Monday shared a purported video of Pro Khalistsupporters in Surrey claiming they want to create trouble at the Hindu Laxmi Narayan Mandir there. Along with the video that he shared on social media platform X, the Canadian member of parliament, Arya, further called on the Canadian authorities to take action and step in. He wrote, «Last week, Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey, BC, according to some reports. Now it appears the same Khalistan group wants to create trouble at the Hindu Laxmi Narayan Mandir in Surrey.» «All these are being done in the name of freedom of speech and expression.

Sensex fell 139.58 points, or 0.21%, to close at 65,655.15, while the NSE Nifty 50 ended 37.80 points, or 0.19%, lower at 19,694.00. “Overall market is likely to consolidate in a range as focus will be on the US FOMC meeting minutes which will be released on Wednesday. Globally, participation could be lower on account of Thanks Giving Holiday on Thursday.

IREDA IPO: The initial public offering (IPO) of Indian Renewable Energy Development Agency (IREDA) has hit Indian primary market today and it will remain open till 23rd November 2023 i.e. Thursday this week. The PSU has fixed IREDA IPO price band at ₹30 to ₹32 per equity share and the book build issue is proposed for listing on BSE and NSE.

IPO) market is red hot, with five issues worth ₹7,400 crore opening for subscription this week, but enthusiasm is muted among finance companies that have historically lent to bidders in such share sales. With stringent rules on IPO financing put in place by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), these lenders are keeping market borrowings at a bare minimum. Subscriptions at a High In November so far, non-banking financial companies (NBFCs) have raised Rs 3,500 crore through commercial papers (CP), bringing the total borrowing through the route for the year to Rs 20,100 crore, according to Icra. In 2022, NBFCs raised Rs 45,740 crore through the instrument.

Rishi Sunak was quoted as saying the government should «just let people die» during the COVID-19 pandemic rather than impose a second national lockdown, the inquiry into how Britain handled the crisis heard on Monday. Patrick Vallance, who was the government's chief scientific adviser during COVID, made a note in his diary on Oct. 25, 2020, about a meeting involving then Prime Minister Boris Johnson and Sunak, who was finance minister. The diary entry shown to the inquiry recorded how Dominic Cummings, Johnson's most senior adviser during the pandemic, had relayed to Vallance what he said he had heard at the meeting. Vallance quoted Cummings in his diary as saying: «Rishi thinks just let people die and that's okay.

commercial vehicles, a barometer of economic activity, are expected to hit an all-time high in FY24, fetching record revenue for companies such as Tata Motors, Ashok Leyland and VE Commercial Vehicles. Pricier heavy-duty vehicles are driving demand amid record government spending on infrastructure and increased freight movement.

Emissions Gap Report from the UN Environment Programme (UNEP) finds that current pledges under the Paris Agreement put the world on track for a 2.5-2.9 degrees Celsius temperature rise above pre-industrial levels this century, pointing to the urgent need for increased climate action. Released ahead of the 2023 climate summit in Dubai, the Emissions Gap Report 2023: Broken Record — Temperatures hit new highs, yet world fails to cut emissions (again), finds that global low-carbon transformations are needed to deliver cuts to predicted 2030 greenhouse gas emissions of 28 per cent for a two-degree pathway and 42 per cent for a 1.5-degree pathway. «We know it is still possible to make the 1.5 degree limit a reality. It requires tearing out the poisoned root of the climate crisis: fossil fuels.

Route Mobile Ltd is in discussions with large e-commerce and payment platforms to enable a solution that will authenticate financial transactions without the need for a one-time password (OTP), a top executive said. At the same time, he said it would be safe since the solution would arm telcos with a mechanism to identify the nature of a transaction, and act as an additional layer of security to sift genuine transactions from potentially fraudulent ones. Of course, if the talks work out, such a solution would need to pass through several regulatory hoops before launch.

The best holiday gifts for gardeners will sow the seeds of anticipation for greener days ahead, and spread a little sunshine in the off season