Indus Financial News

₹1,322 crore worth of shares while domestic institutional investors (DIIs) net purchased shares worth ₹4,754.34 crore, implying that retail investors would have sold much more to account for the fall. Stocks that faced the worst selling on Wednesday included the Adani twins—Adani Ports and flagship Adani Enterprises—which fell around 6% each, and commodity stocks such as Coal India, UPL and Tata Steel which tanked 4–5%.

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices — each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26.

Balrampur Chini, Delta Corp, Indus Towers, IRCTC, Manappuram Finance, National Aluminium Company (NALCO), Piramal Enterprises (PEL), RBL Bank, Zee Entertainment Enterprises (ZEEL) and Steel Authority of India (SAIL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

F&O ban list: A total of ten stocks have been put under the ban for trade on Wednesday, December 20, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

equities witnessed a second day of consolidation on Tuesday amid positive global cues. «The overall market sentiments remain buoyant on the back of continued FIIs buying and strong macro data. Going ahead, the positive momentum is likely to continue largely driven by liquidity and vibrant mood ahead of Christmas and new year.,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

HT Auto, only 4,875 cars were sold in November 2023. In the same period last year, 15,432 cars were sold in Pakistan, the data mentioned. The decline in car sales in Pakistan is because of a range of factors, including car prices.

NEW DELHI : Debt-laden telecom operator Vodafone Idea’s plans to raise external funds of over ₹20,000 crore may get further delayed and are unlikely to culminate even in the quarter ending March 2024, said two people aware of the development. While the telecom service provider has been in talks with investors, including those from the US, the massive debt liability of over ₹2 trillion, besides limited amount of capital coming in from promoters, is being viewed as factors leading to the delay, one of the people said on the condition that he not be named. “It will take time.

excavation at Kunal in Haryana's Fatehabad district has revealed the remains of «three successive occupational phases of the pre, early and mature Saraswati-Indus civilisation» which had a large expanse, the Centre informed Parliament on Thursday. Union Culture Minister G Kishan Reddy, in a written response to a query in Rajya Sabha, also said the Archaeological Survey of India (ASI) conducts archaeological excavations «regularly» in different parts of the country as an ongoing exercise.

Investors in Chinese stocks next year will be seeking out businesses with global reach or other insulation from an economic downturn, after three straight years of China underperforming world markets. Companies in defensive sectors such as health, medical innovation and exporters in the electric vehicles supply chain and advanced manufacturing, as well as multinationals such as e-commerce firm PDD Holdings, will top the list. That's despite sell-side analysts turning bullish on China's broader market for next year, with Morgan Stanley and Goldman Sachs forecasting Chinese equities to outperform the S&P 500. «Since economic recovery is slower than expected, we lowered exposures which are sensitive to macro cycles,» said Wang Qing, chairman at Shanghai Chongyang Investment Management. Chongyang is instead buying defensive high-dividend stocks, medical innovators with global competitiveness, and advanced manufacturing backed by Beijing, Wang said, declining to list any investments by name. This follows China's blue chip CSI300 index sinking to five-year lows and losing 12% over 2023 against a 15% gain for global stocks as the Chinese economy struggled with a property crunch and a slow recovery from COVID-19. Hong Kong's Hang Seng fared even worse, sliding more than 18% to trade on a forward price-to-earnings ratio below six, against 21 for the S&P 500. Performance over the last 10 months crushed the optimism that infused the beginning of the year, with four straight months of foreign outflows in the second half of the year totalling a net 138 billion yuan ($19 billion) withdrawn from Chinese equities via the Stock Connect scheme. «Investors (have) struggled to think what the next growth driver for China will be,»

Placements have started at the old IITs on December 1, also known as Day 1, with a good line-up of startups.

Himalayas where the glaciers are melting at an alarming rate, UN chief Antonio Guterres on Saturday said the ongoing annual climate talks here must respond to the needs of the developing nations, especially the vulnerable mountain countries that need urgent help. Almost 240 million people depend on the glaciers and 10 major rivers, such as Indus, Ganga, and Brahmaputra, originating in the Himalayas.

Buy or sell stocks for today: After witnessing choppy trade throughout the day, key benchmark indices of the Indian stock market ended mixed on Monday. Nifty 50 index ended 37 points lower at 19,694 levels, BSE Sensex shed 139 points and closed at 65,655 mark whereas Nifty Bank index finished marginally higher at 43,584 levels.

Europe and the United States are heading back to India where the economy is growing and opportunities are large, Saurabh Srivastava, the former NASSCOM chairman, has said. «Today, more and more Indian entrepreneurs are heading back to India from Europe and the US have achieved success in those markets,» Srivastava, the co-founder of the National Association of Software and Services Company (NASSCOM), said on the sidelines of Singapore Fintech Festival from November 15-17 here.

1. Indus Towers 50-Day SMA: 184.17 | Closing Price: 186.4 2. United Breweries 50-Day SMA: 1588.51 | Closing Price: 1604.2 3. Sona BLW Precision Forgings 50-Day SMA: 568.04 | Closing Price: 571 4. The Indian Hotels Company 50-Day SMA: 409.7 | Closing Price: 411.35 5. Gland Pharma 50-Day SMA: 1631.99 | Closing Price: 1636.9 6. Adani Ports and Special Economic Zone 50-Day SMA: 811.36 | Closing Price: 812.25 7. State Bank of India 50-Day SMA: 580.87 | Closing Price: 581.3 8. Ashok Leyland 50-Day SMA: 175.89 | Closing Price: 175.9 (You can now subscribe to ourETMarkets WhatsApp channel) (Disclaimer: This is an AI generated article.

LEAP AHEAD initiative — a joint collaboration of Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR — to boost startups across the country. Arvind Kumar, Director General, STPI; Shri Sushil Pal, Joint Secretary, MeitY; Dr Saurabh Shrivastava, Chairman Emeritus, TiE Delhi-NCR & Co Founder, Indian Angel Network; Shri Alok Mittal, Co-founder, Indifi Technologies & President, TiE Delhi-NCR; Shri Ashok Singh, Executive Vice President, Investor Relations, Mumbai Angels; Shri Prem Bharthasarathy, Managing Partner, Pontaq Ventures India LLP, Shri Devesh Tyagi, Senior Director, STPI; Shri Subodh Sachan, Director, Innovation and Startups, STPI and Ms. Manjusha Chourasia, Scientist ‘E’, MeitY. This initiative is aimed to helping startups looking at scaling stage, growth stage, product diversification or planning expansion into new geographical locations.

NEW DELHI : After years of stagnation, e-sports and video game firms in India have begun generating in-game and advertisement revenues, thanks to India-specific in-game items, a stronger competitive gaming scene, and widespread use of the Unified Payments Interface (UPI) as a convenient last-mile payment method. An industry report by Google and venture capital firm Lumikai, released on 2 November, pegged the annual average revenue per user (ARPU) for India’s gaming industry to reach ₹1,600 by FY23-end, rising tenfold in the past four financial years.

Accounts, competitive interest rates of up to 7.5 per cent every year on NRE/NRO deposits, and enticing interest rates of up to 5.95 per cent each year on USD FCNR Deposits. Furthermore, the “NRI Homecoming" program encompasses educational sessions on financial literacy, offering valuable insights and guidance to NRIs and PIOs regarding their financial needs as they prepare to return overseas.

stocks and raised bets on IT stocks in the September quarter. An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy's Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi. Of particular interest was LIC's strategy in dealing with banks and IT stocks.

Canara Bank: Canara Bank reported a growth of 43 per cent in net profit to ₹3,606 crore, compared to ₹2,525 crore in the corresponding period last year. The public sector lender's net interest income (NIIs) – the difference between interest earned and interest expended- in the second quarter of the current fiscal rose 19.8 per cent to ₹8,903 crore, compared to ₹7,433.8 crore in the year-ago period. Shriram Finance: The NBFC on Thursday reported a 19.7% yoy increase in AUM to ₹2.03 trillion.

Indus Towers declared their Q2 FY24 results on 25 Oct, 2023. The topline decreased by 10.47% & the profit increased by 48.51% YoY.

Indus Towers, the world’s largest telecom tower provider, is in discussions with Vodafone Idea to create a ‘time-bound’ plan for the repayment of the telco's dues, even as it has received some pending dues from Vi during the quarter. “While the customer had some challenges during the quarter, we will receive the monthly payments in October from them. Our expectation is that the monthly payment will continue.