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Fidelity International joined HSBC Asset Management in rolling out an unlisted share class for its £1.2bn US Quality Income ETF, with Legal & General's asset management arm and Franklin Templeton also exploring similar moves. With the MPS market in the UK expected to see significant growth in the coming years, some providers said unlisted share classes could accelerate the adoption of ETFs among discretionary fund managers. Cross-platform functionality is key for a successful MPS product, but some platforms used by IFAs do not support the trading of ETFs due to technological barriers ...

Kitex Garments on Friday announced that it will issue bonus shares to its shareholders in the ratio of 2:1 in its board meeting held today. “It is to inform that the Board of Directors of the Company at its meeting held today, i.e., November 22, 2024, inter-alia, transacted the following items of business amongst other items: Issue of Bonus equity shares in the ratio of 2:1 i.e. 2 (Two) new fully paid equity shares of Rs 1/- each for every 1 (One) existing equity share of ͅRs 1/- each held as on Record date by the shareholder, subject to the approval of shareholders of the Company through Postal Ballot,” said the company in a filing to the exchanges.

Subscribe to enjoy similar stories. Investors in the Hindustan Aeronautics Ltd (HAL) stock are jittery. Shares of the public sector aerospace and defence company have declined nearly 30% from their 52-week high of ₹5,674 apiece seen on 9 July and are currently trading at ₹4,075.

Solar Energy Corporation of India (SECI), a relatively low-profile yet pivotal miniratna PSU, has emerged as a key player in India’s renewable energy sector over the past decade. From its modest beginnings in 2014-15 with an awarded generation capacity of 0.75 gigawatts (750 MW), SECI now oversees a massive 65.3 GW of awarded capacity, according to its official data. Out of this, more than 60%—over 40 GW—is solar energy, a sector where India has seen significant growth. The remaining capacity includes 16.3 GW of wind energy and about 9 GW of hybrid energy projects. The organisation has not only facilitated renewable energy growth through competitive bidding and long-term power agreements but also developed its own projects and partnered with state utilities. Also Read:SECI link to Adani bribe, fraud probe: What put India's solar power nodal agency in the dock?

Lupin Ltd. 0.71 per cent to Rs 2058.00 in Friday's session as of 12:26PM (IST) even as the equity benchmark Sensex traded 882.74 points at 78038.53. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 2312.00 and a 52-week low of Rs 1184.00 on NSE. Around 4218 shares changed hands on the counter till 12:26PM (IST).

Avenue Supermarts Ltd. 0.33 per cent to Rs 3631.90 at 12:36PM (IST) in Friday's trade. The counter hit a high of Rs 3653.95 and low of Rs 3567.35 so far during the session. The stock had closed at Rs 3619.60 in the previous session. The counter had a total traded volume of 12:36PM shares so far with a turnover of Rs 3.82 crore on BSE. The stock traded at a price-to-earnings multiple of 87.90 and a price-to-book ratio of 15.76.

Tube Investments of India Ltd. traded 0.71 per cent in Friday's session at 12:42PM (IST). The stock opened at Rs 3600.00 and has touched an intraday high and low of Rs 3600.00 and Rs 3498.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 4807.05 and a 52-week low of 3177.55. About 1,513 shares changed hands on the counter so far.

The counter opened at Rs 792.70 and touched an intraday high and low of Rs 806.55 and Rs 790.90, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.30 and a 52-week low of Rs 690.40.

Santosh Rao, Head of Research & Partner, Manhattan Venture Partners, says they are doing a barbell strategy in the US where there is technology on one hand because that continues to be a growth strategy and AI is the growth engine and on the other hand, in anticipation of a recovering economy and pro-growth strategies, they are going with cyclicals such as financials and industrials and materials. Rao says a similar strategy applies in India as well and one should stay with high-quality names. There is no room for speculation. Technology is not that big a factor, but pharmaceuticals and industrials are. The rupee has largely been range-bound in the past year and that hovered between Rs 83 and 84 to the dollar. In fact, many emerging markets' currencies were losing ground. There are several reasons behind the recent depreciation that we have seen in the rupee like FII outflows and stronger dollar on the back of Trump 2.0 trade deficit. What is the biggest reason that is driving the rupee down and how critical are these levels in the rupee trade? Santosh Rao: I agree with all the reasons you gave. So, the incremental news in the last few days is the new narrative building that the Fed may not cut rates as aggressively as thought, which is keeping the 10-year yield up and that is keeping the dollar strong and that is going to weigh on most of the emerging market currencies, and also India. That is a big part and an incremental development since the last few weeks.

ICICI Lombard General Insurance Company Ltd. traded 2.09 per cent at Rs 1843.60 at 12:21PM (IST) on Friday, even as BSE benchmark Sensex 888.0 points to 78043.79. The scrip had settled at Rs 1805.75 in the previous session. The stock quoted a 52-week high price of Rs 2285.85 and 52-week low of Rs 1354.80, respectively. As per BSE data, total traded volume on the counter till 12:21PM (IST) stood at 1921 shares with a turnover of Rs 0.36 crore.

Zinka Logistics Solutions fell nearly 7% to Rs 260.1 on the BSE following their muted debut on the exchanges on Tuesday. The stock debuted at Rs 279.05 on the BSE, reflecting a premium of just Rs 6 or 2.2% over the IPO price of Rs 273. Meanwhile, from the issue price the stock has fallen 5%.

Shriram Finance Ltd. 0.59 per cent to Rs 2818.20 in Friday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 23585.0, 235.1 points. The scrip had closed at Rs 2801.45 in the previous session. The stock quoted a 52-week low of Rs 1933.70 and a high of Rs 3652.15. The company quoted a market-cap of Rs 105598.46 crore on the BSE.

«Because if you look at it smallcap or midcap have not corrected in India significantly mainly because they do not own it. So, the selling has been completely in largecaps, both in 2021-22 and now,» says S Naren, ED & CIO, ICICI Prudential AMC. What is happening in the market? Why there are so many moving parts? S Naren: Actually, on the eve of Diwali, we had to give an interview where we told people that equity is not bank FD because the problem is there was a period of time from 2020 to 24 where people have thought that equity market is bank FD, at least after this correction no longer do people think that equity risk is equal to bank FD risk.

Mexico's president has acknowledged that Canada is concerned about reports of a Chinese company's auto plant in Mexico, but she says it does not exist

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ADF Foods Ltd.(up 3.03%), Sheetal Cool Products Ltd.(up 2.35%), Tata Consumer Products Ltd.(up 2.01%), JHS Svendgaard Laboratories Ltd.(up 1.50%), Parag Milk Foods Ltd.(up 1.38%), Heritage Foods Ltd.(up 1.34%), Prataap Snacks Ltd.(up 1.07%), Tasty Bite Eatables Ltd.(up 1.05%), Hatsun Agro Products Ltd.(up 0.99%) and Dangee Dums Ltd.(up 0.87%) were among the top gainers.

On the BSE, Sheetal Diamond(down 19.97 per cent), Premco Global(down 17.46 per cent), Sai Swami Metals and(down 16.59 per cent), Omni Axs Software (down 11.53 per cent) and Systematix Sec(down 10.81 per cent) were among the stocks that plunged over 5 per cent during the session.

State Bank of India, Bank of Baroda, and Punjab National Bank, as investors regained confidence following Thursday’s sell-off. The Nifty PSU Bank Index rose 2.0% to 6,444.60 in early morning trading, reversing the losses from the previous session. State Bank of India saw a jump of 2.2%, trading at Rs 797.50, while Bank of Baroda and Punjab National Bank were up 2.8%, reaching Rs 235.00 and Rs 99.04, respectively. Other PSU banks, including Canara Bank and Bank of Maharashtra, gained 2.5% and 2.7%, respectively.

foreign portfolio outflows. The US dollar strengthened in the overseas market and Brent oil continued to move up as fighting between Ukraine and Russia continued to gain investors' attention. Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid.

Ambuja Cements Ltd. traded 2.51 per cent at Rs 495.90 at 10:48AM (IST) on Friday, even as BSE benchmark Sensex 399.77 points to 77555.56. The stock had settled at Rs 483.75 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 706.85 and Rs 408.60, respectively.

ACC Ltd. traded 2.63 per cent in Friday's session at 10:44AM (IST). The stock opened at Rs 1985.95 and has touched an intraday high and low of Rs 2085.00 and Rs 1985.95, respectively, during the session so far. The stock quoted a 52-week high of Rs 2843.00 and a 52-week low of 1803.80. About 10,880 shares changed hands on the counter so far.