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Alkem Laboratories share price rallied over 6% to hit a 52-week high on Wednesday after the company’s better than estimated September quarter results prompted some brokerages to raise target price on the stock. Alkem Laboratories shares rallied as much as 6.08% to a fresh record high of ₹4,272.00 apiece on the BSE. Alkem Laboratories stock had ended more than 5% higher in the previous session on November 7 after the company announced its Q2FY24 earnings.

Hindalco Industries Ltd’s share prices gained up to 1.81% in the opening trades on Wednesday as its US subsidiary Novelis Inc. performance for the quarter ending September encouraged with per tonne profitability improving for third quarter in a row. The volume recovery also remains a key positive and adds confidence to Hindalco's forward outlook.

Birlasoft, RITES, Great Eastern Shipping Company and Oberoi Realty are among stocks that will be in focus on Wednesday as they will trade ex-dividend today. A total of six stocks will turn ex-dividend today, as per the data from BSE. The board of directors of these companies have declared dividends for its eligible shareholders.

Tata Elxsi, Trent, Zomato, Colgate Palmolive (India), and Varun Beverages, reached new 52-week highs in intraday trade on the BSE, despite the benchmark indices closing flat. "Exciting news! Mint is now on WhatsApp Channels

Gurugram and Faridabad districts, PTI reported. “Compliance with these orders will be seriously ensured in the district. The residents of the district should also cooperate with the administration to control pollution," he said.

Also Read: 5 things that changed for the stock market overnight - Gift Nifty, hawkish US Fed officials to drop in oil prices “Normally, such doji formation at the swing highs or lows calls for impending trend reversals for the underlying. Having formed this pattern beside the long bull candle of Monday signal chances of range bound movement in the market," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Day trading guide for today: Domestic equity indices Sensex and Nifty 50 snapped their three-day winning run on profit booking today in select heavyweights amid weak global cues as optimism around the end of monetary tightening faded. Nifty 50 closed at 19,406.70, down 5 points, or 0.03 per cent, while Sensex settled at 64,942.40, down 16 points, or 0.03 per cent.

₹700.28 crore in Indian stocks today.Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends. (Read More)IndiGo, India's largest airline, anticipates grounding at least 35 planes in the upcoming March quarter due to powder metal issue with the Pratt & Whitney engines.This adds to the nearly 40 aircraft already grounded for other engine-related issues.

Sensex ended 16.29 points, 0.03%, lower at 64,942.40, while the Nifty 50 closed down 5.05 points, or 0.03%, at 19,406.70. “Market has shown resilience at lower levels, despite a subdued global environment. We expect the market to gradually move upwards given a strong Indian economy and healthy earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

A major Diverger shareholder has picked a fight with interloper COG Financial Group.

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By David Morgan

insurance plans (Ulips). Take, for instance, the case of Tushar Jejani, 24, who works as a senior financial analyst at a multinational company in Hyderabad. He was approached by his bank’s relationship manager for an upcoming new fund offering (NFO).

By Howard Schneider and Lindsay (NYSE:LNN) Dunsmuir

European Union's executive arm will meet later Tuesday to finalize a decision on whether to recommend formally opening Ukraine's membership talks, with expectations of a positive outcome for Kyiv but with conditions attached. The European Commission will likely recommend that member states open formal negotiations upon the completion of reforms and legislation on minorities, anti-corruption as well as «de-oligarchisation» and lobbying, according to people familiar with the matter and documents seen by Bloomberg. The move comes as the EU looks to inject impetus into its enlargement policy following Russia's invasion of Ukraine and Moscow's attempts to destabilize Europe.

Last Thursday, the House of Commons finance committee called on Finance Minister Chrystia Freeland to scrap the proposed merger between Royal Bank of Canada and HSBC Bank Canada. Led by Conservative MPs, who echoed media interviews given by Conservative leader Pierre Poilievre, the report from the 12-person committee dismissed the due diligence process used to assess proposed bank mergers.

government has allowed wholesalers of tur and urad dal to increase stocks of the pulses to 200 metric tonnes from 50 metric tonnes earlier, according to a notification from the department of consumer affairs. «This relaxation will help the industry in increasing the supply of these pulses in the market,» said Suresh Aggarwal, president of All-India Dal Mill Association. The industry had recommended this in its last meeting with officials, he said. The government also doubled the time period for which importers can hold their stocks after clearance to 60 days. While there has been no change in the holding capacity for small retailers, which is 5 metric tonnes, big chain retailers can hold up to 200 metric tonnes per depot, up from 50 metric tonnes. The notification also said millers can stock up to 25% of the last three months' production or annual installed capital, whichever is higher.

«Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow (Wednesday). On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it.

The big ones to watch out for will be United Spirits, Lupin, Oil India, Mazagon Dock Shipbuilders, Bharat Heavy Electricals, Pidilite Industries, Tata Power Co, and Patanjali Foods. The other names include Phoenix Mills, Nazara Technologies, Endurance Technologies, New India Assurance, Godrej Industries, Bata India, MCX, Raymond, Welspun Corp, Easy Trip Planners, Medplus Health, Restaurants Brands Asia, and Landmark Cars. Earnings Expectations BHEL The company is expected to have remained in the red during the September quarter, but the losses are likely to narrow sequentially. On a year-on-year basis, estimates show that the electrical equipment maker will post a loss against a profit in the same period last year. Nuvama Institutional Equities has estimated a net loss of Rs 258 crore, compared to a loss of Rs 352 crore in the June quarter, and a profit of Rs 10 crore in the same period last year.

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