WhatsApp Financial News
22.11 / 04:12
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Nifty 50, Sensex today: What to expect from stock market indices in trade on November 22
Sensex closed 275.62 points higher at 65,930.77, while the Nifty 50 gained 89.40 points, or 0.45%, to settle at 19,783.40. Nifty 50 formed a small positive candle on the daily chart with upper shadow and with gap up opening. The opening upside gap remains unfilled.
22.11 / 04:11
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F&O stocks to buy today: Tata Steel, Ashok Leyland among top 9 trading ideas for 22 November
The Nifty future closed negative with losses of 0.45% at 19840 levels on Tuesday. India VIX was up by 0.68% from 12.14 to 12.23 levels.
22.11 / 04:11
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copper
F&O Ban: Delta Corp, Hindustan Copper among 11 stocks under trade ban on Wednesday
Delta Corp, Hindustan Copper, Indiabulls Housing Finance, The India Cements, Manappuram Finance, the Multi Commodity Index of India (MCX), NMDC, RBL Bank and Zee Entertainment Enterprises (ZEEL). The Future & Options 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 index do not encounter a situation of security ban.
22.11 / 04:11
Provident
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JPMorgan
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Hot Stocks: Brokerages view on Polycab, KEI Industries, RIL and IGL
Polycab India and KEI Industries. JPMorgan maintained an overweight rating on RIL and Morgan Stanley has an underweight rating on IGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on Polycab India and KEI Industries: Buy Goldman Sachs initiated coverage with a buy rating on Polycab India and a target of Rs 5750 while on KEI Industries it has kept a target of Rs 2730. Both companies are in a prime position to benefit from the nation's infrastructure push.
22.11 / 02:44
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Rate Cut
US Fed Meeting Minutes: FOMC shifts into cautious policy mode, no indication of rate cut; check out 10 key highlights
US Federal Reserve officials at their latest policy meeting agreed to “proceed carefully" and only raise interest rates if progress in controlling inflation faltered. The minutes of the October 31 - November 1 Federal Open Market Committee (FOMC) meeting release on Tuesday showed that the committee was emphasizing on how higher interest rates were starting to squeeze households and businesses.
22.11 / 02:44
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Allianz
services
Financial
Fedfina IPO: Fedbank Financial Services raises ₹325 crore from anchor investors ahead of IPO
₹324.67 crore from anchor investors, a day before the opening of its initial public offering (IPO) on Tuesday, November 21. The company listed the names of the 22 investors who took part in the anchor book in a regulatory filing.
21.11 / 18:13
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India slams Pakistan’s 'unwarranted and habitual' reference to Kashmir during UNSC debate
United Nations Security Council (UNSC) open debate on ‘Maintenance of International Peace and Security: Promoting Sustaining Peace through Common Development’, PTI reported. The UNSC debate was going on under the presidency of China.
21.11 / 12:49
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Rajasthan Polls: PM Modi accuses Congress of corruption, nepotism; Rahul Gandhi hits back with ‘Panauti Modi’
Lok Sabha Elections. Campaigning, mudslinging, blame games have all intensified with the BJP attacking the incumbent Congress government in Rajasthan, and Congress attacking BJP.
21.11 / 12:31
21.11 / 12:31
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BPCL to consider declaring interim dividend for FY24 on November 29
Bharat Petroleum Corporation Ltd (BPCL) will consider the declaration of interim dividend for the ongoing fiscal year, and fixation of the record date for the same, in the board meeting scheduled on November 29, a regulatory filing stated on November 21. The announcement comes three weeks after the state-owned oil marketing company posted a net profit of ₹8,422 crore for the quarter ending September 2023, as against a net loss of ₹338 crore in the year-ago period. “…this is to inform you that a meeting of the Board of Directors would be held on Wednesday, 29th November 2023, to consider the proposal of declaration of interim dividend for the financial year 2023-24 and fixation of record date," it informed the stock exchanges.
21.11 / 12:21
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Tech View: Rise above 19850 might spark rally towards 20K. What traders should do on Wednesday
Nifty on Tuesday ended 89 points stronger to form a small positive candle with upper shadow on the daily chart. The short-term trend of Nifty continues to be range-bound. The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19900 levels from here or from slightly lower levels.
21.11 / 11:33
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prevention
WhatsApp rolls out campaign to raise user safety awareness, fight misinformation
WhatsApp has launched a 'Check the Facts' safety campaign to drive user awareness around its safety features and curb the spread of misinformation on the platform. The month-long campaign highlights the Meta-owned messaging platform's in-built product features, safety tools like block and report, and forward labels that equip users to spot misinformation and prevent its circulation.
21.11 / 10:05
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NOT
‘Take cue from Haryana’: Supreme Court raps Punjab govt on not curbing stubble burning
Delhi's air quality deteriorated over night and the main factor responsible for the worsening condition of Delhi's air pollution is being cited to stubble burning ahead of winters. On Tuesday the Supreme Court of India rapped the Aam Aadmi Party (AAP) -led Punjab Government for not taking strict action and observed that farmers are being made a villain as they are not being heard in the court.
21.11 / 10:05
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2024
Income tax: Four money-saving tips to get on track for 2024
how to plan your taxes and why is it important If you still haven't had a chance to understand the two regimes (new tax regime, old tax regime), now is a good time to see which one would work best for you. If you have income up to ₹7 lakh then the new tax regime is better, as there is no tax up to ₹7 lakh and additionally, there is a standard deduction of ₹50,000 in the new tax regime.
21.11 / 10:05
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services
Financial
Fedfina IPO: Fedbank Financial Services raises ₹329.99 crore in pre-IPO placement
₹329.99 crore, today. Fedbank Financial Services Limited, in consultation with the Book Running Lead Managers (BRLMs), initiated a Pre-IPO placement of 23,571,428 equity shares at the upper end of the price band of ₹140 per equity share, and received board approval, the company said in an exchange filing.
21.11 / 07:01
Citi
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reports
Q2 Result Review: Hotel sector maintains momentum in Q2FY24 with strong RevPar growth, says Nuvama; Lemon Tree top pick
Chalet Hotels, and EIH—clocked revenue per available room (RevPar) growth of 15%-plus year-on-year (YoY) (roughly 45% higher than Q2FY20). “Despite Q2FY23’s high base, the sector sustained its momentum with IHCL/EIH/Lemon Tree/Chalet clocking RevPar growth of 28%/23%/16%/25% YoY," the brokerage said in its report.
21.11 / 07:01
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Stocks to buy: Hindustan Aeronautics, Bharat Dynamics among top defence stock picks by Choice Broking
₹722.6 billion. Analysts at Choice Broking expect the defence sector to witness healthy spending over next 5-6 years, acquisition of new platforms and modernization of existing platforms, which will lead to an increase in spending in the coming years.
21.11 / 06:23
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share price
Suzlon Energy share price hits 5% lower circuit; time to book profit? Here's what experts say
Suzlon Energy share price continued witnessing selling pressure for the second consecutive session as it hit its 5 per cent lower circuit of ₹39.28 on BSE in morning trade on Tuesday, November 21. In the previous session, Suzlon Energy share price closed 2.20 per cent lower after a winning streak of the last six consecutive sessions. Suzlon Energy stock is witnessing profit booking after a steep gain in the last few months.
21.11 / 05:47
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surges
Kirloskar Electric share price surges over 11% as lockout ends at Bengaluru unit
Kirloskar Electric Company share price surged 11.5% on Tuesday's trading session following the announcement that the management had ended the lockout at Kirloskar Electric's Bengaluru Rural District unit. Kirloskar Electric share price opened at ₹129 apiece on BSE.
21.11 / 05:31
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Rupee rises 2 paise to 83.32 against US dollar in early trade
rupee ended 7 paise lower at 83.34, matching its record closing low, amid sustained dollar demand. “Investors will focus on the existing home sales data from the US and weaker-than-expected numbers could keep the dollar weighed down. We expect the USDINR (Spot) to trade sideways and quote in the range of 83.05 and 83.40," said Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial.
21.11 / 05:31
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Strategic portfolio rethinking can help navigate the changing dynamics of Indian stock market
general elections next year, elevated valuations, a rush in the primary market, and a significant increase in midcap and small-cap share prices have meaningfully changed the investment dynamic. Further, on top of the Russia-Ukraine war, the world is now closely watching the Israel-Hamas conflict and its possible spillover on commodity prices and global inflation. While the Israel-Hamas conflict is still confined to this region and probably not escalating much because of the intervention of the other developed nations, globally, investors have started to price in higher geopolitical risk.
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