FIVE Financial News

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

scuffle broke out at a polling booth in Jangaon Assembly Constituency in Telangana while voting was underway on Thursday. As per the reports, a contingent of police reached the spot and brought the situation under control. The scuffle reportedly broke out between workers of the ruling Bharat Rashtra Samithi, Congress and BJP. The purported video of the scuffle was caught on camera and shared on social media.

Fashion group SMCP, owner of French fashion labels Sandro and Maje, said on Thursday it signed a deal with Reliance to expand into India and will join other high-end European brands opening stores in the Jio World Plaza mall in Mumbai. «There aren't a lot of accessible luxury fashion labels in India so we think it's time to be pioneering,» said SMCP CEO Isabelle Guichot, citing India's wealth and growing population of younger generations among reasons for entering the country. After years of testing the Indian market with outlets in luxury hotels, high-end European labels are seeking to expand their retail presence there to tap its strong economic growth and a rapid rise in the number of local millionaires. SMCP did not disclose the financial terms of its partnership with Reliance Brands, which will become the exclusive distributor in India of Sandro and Maje. Reliance plans to open around 10 stores selling the SMCP brands in the next three to five years, said Guichot, starting with the mall in Mumbai developed by Indian tycoon Mukesh Ambani. Reliance Brands, a subsidiary of Ambani's Reliance Retail Ventures, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany.

₹4,687 crore in November so far. State election outcomes, interest rate trajectory in the US, and geopolitical issues are some of the key factors that will move the market in December. "Favourable outcome of state elections, reinforcement of the belief that the top of rate hike cycle is behind us globally and any favourable development in the two geopolitical conflicts are some factors that can take the Nifty higher in December," said Deepak Jasani, Head Retail Research, HDFC Securities.

climate change. This year, four topics are expected to dominate the negotiations: a report on the worldwide implementation of the landmark Paris accord called the “global stocktake," the future of fossil fuels, climate finance for poorer countries and the setting up of a fund to pay for climate damage. The meeting in Dubai is the 28th conference of the parties—or COP28—to the United Nations Framework Convention on Climate Change, the global climate treaty signed in 1992 in Rio de Janeiro.

Online investments app Robinhood said Thursday that it's set to launch its platform in the U.K. in early 2024, marking the company's third attempt at cracking international expansion.

health insurance scheme. “Poor people who could never even dream of entering a good private-sector hospital can now go there and without spending a penny can get treated for all kinds of serious ailments," he said.

The company, which provides engineering and technology services to auto, aero and heavy machinery makers, surged past its initial public offer (IPO) price of Rs 500 to debut at Rs 1,200. The stock scaled as high as Rs 1,400.

₹331 trillion between 1 January, 2023 and 25 Nov, 2023 – that’s about 115% higher than in 2022. Leverage in derivatives is high and turnover is reported in nominal contract value so this looks more impressive than it is, but it is a very high volume anyhow. Around 4 million individual investors participated in the F&O segment.

Arvind Fashions share price has been on a roll in November so far. Arvind Fashions share price has surged almost 35 per cent in November so far while the Sensex has gained nearly 5 per cent. Year-to-date, Arvind Fashions share price is up over 24 per cent while the Sensex has gained about 10 per cent.

Nepal officially records its inaugural same-sex marriage five months after it was legalized by the Supreme Court. As reported by PTI, 35-year-old trans-woman Maya Gurung and 27-year-old gay man Surendra Pandey legally married at Dordi Rural Municipality in the Lamjung district of Western Nepal, as confirmed by Sanjib Gurung (Pinky), the president of Blue Diamond Society—an organization dedicated to the rights and well-being of sexual minorities in Nepal.

₹298 apiece on National Stock Exchange (NSE), a premium of 76.33% to the issue price of ₹169. The stock further jumped to ₹344 levels in minutes after hitting the secondary market, indicating a stellar premium of 103% over the issue price. The ₹500.69 crore IPO was open for subscription between November 22 and November 24, at a price band in the range of ₹160–169 per share.

₹133.55, 4.61% lower than the issue price and 3.15% lower than the listing price. Fedbank Financial Services IPO had opened for subscription from Wednesday, November 22, and closed on Friday, November 24. Fedbank Financial Services IPO price band had been fixed in the range of ₹133 to ₹140 per equity share of face value of ₹10.

LIC) has introduced a novel plan encompassing individual savings and whole life insurance. The plan is called LIC’s Jeevan Utsav with effect from November 29, 2023. This plan is non-linked and non-participating, offering extensive life insurance coverage throughout one’s lifetime.

Stay tuned to this LIVE MINT live blog for all the latest updates on exit poll results 2023:A survey agency tries to gauge the likely result of an election through an exit poll. Voters are asked, after they exit the polling station who they voted for, hence this is called an ‘exit poll’.Last month, the Election Commission of India (ECI), while announcing the poll schedule for five states (Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan, Telangana), banned exit polls between 7 am on November 7 and 6:30 pm on November 30.Harsh Goenka, the chairperson of the RPG Group, took to social media to share the poll predictions as per the "betting market (satta bazaar)". Here's what it showed.Mizoram Assembly Election 2023: The Mizoram Election 2023 saw 78.38 per cent voter turnout as of 11 pm on November 7 when the 40 assembly seats had polled.

Asia and Russian leadership and erstwhile Soviet leadership have long sought to play a greater role in the Asia-Pacific (or what India terms as the Indo-Pacific region). This role is gaining further momentum following rupture in ties with the West in the aftermath of the Ukraine conflict.

Gandhar Oil debuted at a premium of 76% (up Rs 129) on NSE in Thursday's trade. The stock listed at Rs 298 on NSE, while on BSE it debuted at Rs 295.4, up 75% over the issue price of Rs 169. Ahead of the debut, the stock fetched a premium of Rs 72 in the unlisted market. Gandhar Oil received a better-than-expected subscription demand at 64x for its IPO, mainly on the back of reasonable valuations. The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes. Gandhar Oil is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries.

Fedbank Financial on Thursday got listed with a discount of 1.6% on BSE on debut at the bourses on Thursday. The stock was listed at a premium of Rs 137.75. Meanwhile, on the NSE the stock was listed at Rs 158, down 1.4%. The IPO, which was priced in the range of 133-140, received subscription demand twice the shares on offer. «Despite the company's strong track record of growth and profitability, along with its diversified customer portfolio and focus on providing affordable financial solutions to underserved and unbanked segments, the lack of enthusiasm among investors is striking,» said Shivani Nayti of Swastika Investmart. Net proceeds from the fresh issue will be utilised towards augmenting Tier–I capital base to meet its future capital requirements, arising out of the growth of business and assets.

The first phase followed the creation in 2020 of a new regulator, the International Financial Services Authority, which outlined an ambition to create a welcoming place where India-centric trading that’s moved to Dubai, Mauritius or Singapore can return home. K Rajaraman, who took charge as chairman of the IFSCA in August, spoke with Bloomberg News about the outlook for GIFT City. The interview is lightly edited for clarity: How has GIFT developed since the creation of the IFSCA? GIFT City started in 2007 as a completely greenfield experiment when PM Modi was the chief minister of the state of Gujarat. In 2020 the government created the IFSCA as a unified regulator.

Tata Technologies Ltd., the first company from the salt-to-software conglomerate to list since 2004, begin trading on Thursday. Tata Technologies’ IPO raised Rs 30.4 billion ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled into the engineering unit of luxury carmaker Jaguar Land Rover’s owner Tata Motors Ltd. The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the country’s economic growth. The frenzy reached a fever pitch last week when first-time share sales from five issuers, including Tata Technologies, garnered a combined 2.5 trillion rupees in application amount. “Strong optimism in the domestic market has fueled the surge in IPO listings in the last two years,” Jahnavi Prabhakar, an economist at Bank of Baroda wrote in a note on Wednesday. “A large number of IPOs have been listed at a premium, making this a win-win situation for investors.” While the 205 IPOs in India so far in 2023 have mostly been small — only two raised more than $500 million — about 80% of the newcomers are trading above their offer prices versus 62% in Asia. Indian Renewable Energy Development Agency Ltd., a state-run lender to renewable energy projects, surged 88% in its trading debut Wednesday.

TikTok, Snap and Discord will testify on online child sexual exploitation at a January 31 US Senate hearing, the Senate Judiciary Committee said on Wednesday. Senator Dick Durbin, the panel's Democratic chairman and the ranking Republican Lindsey Graham said Discord and X had initially balked at participating and refused to accept a subpoena. «Now that all five companies are cooperating, we look forward to hearing from their CEOs,» they said in a statement.