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Zee Entertainment Enterprises Ltd. fell 2.58 per cent to Rs 249.1 in Wednesday's trade as of 02:09PM (IST) even as the benchmark Nifty ruled at 20065.05, up 175.35 points. The scrip had closed at Rs 255.7 in the previous session.

global market cues. Broader markets supported the rally with the Nifty Midcap 100 index hitting record high level. The Nifty 50 index is now trading at ~20.3x FY24 and ~17.6x FY25 consensus EPS.

Stock market today: As investors are eagerly awaiting for the announcement of Tata Technologies IPO allotment status, Tata Motors shares witnessed buying interest among Dalal Street bulls during morning deals. This helped Tata Motors shares to extend its rally and touch new all-time high of ₹702.80 per share on NSE. While climbing to this new peak, Tata Motors share price today managed to deliver more than 75 per cent return to its positional investors in YTD.

BSE market cap climbing to the $4 trillion mark. The surge comes after Fed Governor Christopher Waller flagged a possible rate cut in the months ahead. Also, FPI turning back buyers of Indian equities, recent upgrades by multiple global brokerages, decent earnings for the second quarter, and a fall in crude oil aided the gains.

ICICI Lombard General Insurance Company Ltd. fell 0.84 per cent to Rs 1438.3 in Wednesday's session as of 01:54PM (IST) even as the equity benchmark Sensex traded 624.6 points higher at 66798.8. Earlier in the day, the stock witnessed a gap up start to the session.

₹1,000 mark for the first time. After multiple attempts in the past, today's trading session witnessed the stock successfully crossing this significant threshold, reaching an all-time high of ₹1,007 apiece, gaining 2.24% The stock has exhibited consistent growth in recent years, showcasing its robust performance. Notably, in CY19, it delivered an impressive return of 59%.

Stock market today: Shares of Indian Renewable Energy Development Agency (IREDA) Ltd listed on BSE and NSE at ₹50 per share levels, delivering over 56 epr cent listing gain to the lucky allottees against the IREDA IPO price of ₹30 to ₹32 per share. However, IREDA share price further extended its gains and went on to hit intraday high of ₹55.85 per share on NSE, logging around 75 per cent rise against the upper price band of the public issue.

Aster DM Healthcare rallied nearly 15% to Rs 382 in Wednesday's trade on BSE after the firm announced that it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East. The sale is anticipated to be completed in quarter 4 of the financial year ending 2024. “The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing. The buyer, owned by Aster India's promoters and funds managed by Fajr Capital Advisors Limited, will have a shareholding ratio of 35:65, respectively.

US Federal Reserve could start cutting rates by the first half of next year. Additionally, dovish statements from Fed officials and a mixed batch of economic data from the US will weigh on the dollar," ICICI Direct said in a note.

Aster DM Healthcare share price rallied over 14% to hit a fresh 52-week high on Wednesday after the company approved to sell its GCC (Gulf Cooperation Council) business for over $1 billion. Aster DM shares jumped as much as 14.83% to a new high of ₹382.00 apiece on the BSE. Hospital chain Aster DM Healthcare on Tuesday announced to separate its Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion.

₹62,602 per 10 gm levels, which is its new peak on the commodity exchange. However, profit taking soon triggered and the yellow metal price touched intraday low of ₹62,431 per 10 gm levels within few minutes of commodity market's opening bell on Wednesday. In international market, spot gold price is oscillating around $2,047 per ounce levels.

RBL Bank Ltd, AIA Engineering Ltd Aarti Industries Ltd, Jubilant Foodworks Ltd, Kalyan Jewelers India Ltd, Polycab India Ltd, V-Guard Industries Ltd, PNC Infratech India Ltd, Home First Finance Company India Ltd. RBL Bank Ltd remains amongst the pick of Centrum in the Banking and Financial Services space.

Servotech Power Systems preferential issue 2023: The board of directors of Servotech Power Systems Ltd has revised issue price from ₹82 per equity share to ₹83.40m per share. The company board revised preferential issue price in its board meeting held on Tuesday.

Day trading guide for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. In broad market, both small-cap and mid-cap indices finished positive but not more than Nifty 50 index.

Launch of a new beer is expected to help United Breweries share price rise 20%, said Nuvama Institutional Equities. Heineken Silver Draught Beer will be launched exclusively in premium bars and pubs across Mumbai, Thane, and Pune in Maharashtra, with plans to expand to Karnataka in the fiscal year 2024. “This launch is a meaningful expansion of United Breweries’ portfolio and shows its intent to focus on innovation," said Nuvama nstitutional Equities.

Deepak Shenoy, Founder, Capital Mind, says “LIC remains an unrecognized play in this entire space. They are probably on route to making more than Rs 40,000-42,000 crore of profits in this quarter. And then we will see this, this is about Rs 400,000 odd crore in terms of market cap as a stock. So, you are paying 10 times earnings and then the earnings will actually increase because LIC share from their participating policies goes up from 7.5% this year to 10% next year.” Honasa Consumer saw a solid surge in the week gone by post its earnings. Today, it is reacting to that entire report of some ESOP shares coming and adding to the supply pressure. Overall, fundamentally, how would you look at this company? We do not have an investment here but they made Rs 29 crore profit in Q2. Their cash flow was quite decent for the first six months of the year, higher than the profits in the first six months. So, they are cash flow positive in that sense. But there is this overhang of sales that are likely to come. Now, of course, we talked about ESOP holders. I think the company has denied the news but there has been news that the ESOP holders will convert their shares and employees are allowed to sell. They do not have a lock-in period after their ESOPs are exercised. So they can sell their shares whenever they want. So if they choose to, it will add to the liquidity of Honasa shares in the market.

The collective sigh of relief that swept India was almost palpable as news broke of the rescue of 41 workers who got trapped in a tunnel blocked by a cave-in on 12 November while it was being bored. Swings of hope and despair ended in jubilation as the last obstacle was cleared and a horizontal passage finally opened to the chamber where they survived on piped supplies and a national pledge to extract them safely.

Read here)India Shelter Finance, pencil maker DOMS Industries and lender Jana Small Finance Bank, have received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs).Vadodara-based Shiva Pharmachem and FMCG firm Onest Ltd. have also secured approvals to float public issues, according to information available on the Sebi website.TCS, Zomato, Aster DM Heathcare, PCBL, Ireda, Tata Power, BHEL, among other stocks, will be in focus today.On Tuesday, the Adani Group of stocks showed its biggest increase in market capitalization of over a trillion rupees for the first time since the Hindenburg report surfaced, days after the Supreme Court reserved its judgement on a bunch of public interest litigations pleading for a court-monitored investigation into allegations of corporate malfeasance and manipulation against the ports to renewables conglomerate.The market, which was closed for the Guru Nanak Jayanti holiday on Monday, reacted to the conclusion of the SC hearing on Friday as investors interpreted some of the SC’s observations as its having confidence in Sebi’s investigation pertaining to the Hindenburg report that was released on 24 January.

global market cues. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 20,031 level as compared to the Nifty futures’ previous close of 19,953.

Buy or sell stocks for today: After trading choppy during morning deals, Indian stock market witnessed sharp upside in later half and ended higher on Tuesday. Nifty 50 index gained 95 points and ended at 19,889 levels, BSE Sensex surged 204 points and closed at 66,174 mark whereas Bank Nifty index finished 111 points higher at 43,880 levels. Broad market indices rose less than the Nifty even as the advance decline ratio remained firm at 1.12:1.

A former Indiana lawmaker has pleaded guilty to a fraud charge in connection with a casino corruption scheme