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Tech Mahindra trading lower. The Nifty IT index has outperformed the benchmark Nifty 50 this year. The IT index has gained about 13 per cent this year so far while the benchmark index Nifty 50 is up over 9 per cent.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90.

₹1,712.70 apiece on the BSE on Friday's session following the news of TVS Motor Company's entry into key European market after an agreement with Emil Frey. TVS Motor said in its exchange filing on Thursday that it has inked a distribution and import agreement with Emil Frey, a renowned automotive distributor that has been in business for a century.

Grasim Industries share price rose almost 2 per cent in morning trade on BSE on Friday, November 17. Grasim share price opened at ₹1,943.10 against the previous close of ₹1,941.45 and touched its intraday high of ₹1,975.90, rising 1.8 per cent, in Friday's trade so far. Grasim Industries share price hit its 52-week high of ₹2,021.95 on October 12 this year and hit its 52-week low of ₹1,528 on March 16 this year.

Varun Fatehpuria, Founder & CEO of Daulat Finvest Private Limited says mid and small-cap segments have had a dream run this year but their valuations are at premium. He believes it is tough to see these premiums being maintained in Samvat 2080. In an interview with Mint, Fatehpuria shared his views on markets and sectors he is positive about.

Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a four-month low on Thursday on worries over global demand. Brent futures were up 10 cents, or 0.1%, at $77.52 a barrel at 11.17 am on Friday, while US West Texas Intermediate crude (WTI) was up 13 cents, or 0.18% at $73.05. The oil prices' decline this week was mainly triggered by a steep rise in US crude inventories and production sustaining at record levels, which analysts say triggered concerns of weak demand in the world's largest oil consumer amid high output. Crude derivatives are among the major raw materials for paint companies.

Flair Writing Industries has set the price band for its upcoming initial public offering (IPO) at Rs 288-304. The company plans to raise Rs 593 crore through the three-day issue which will open for subscription on November 22, Wednesday. Under the issue, the pen and writing instruments maker will issue fresh equity shares worth up to Rs 292 crore while an offer for sale (OFS) where equity shares worth Rs 301 crore will be offloaded by the existing shareholders. The retail portion has been reserved at 35%, where the investors can subscribe a minimum of one lot or 49 shares and in multiples thereof.

rupee closed at 83.23 against the greenback. A firm US dollar and weak domestic equity markets pressurized the rupee, while overnight plunge in crude oil prices restricted the fall. “Rupee is expected to appreciate towards the 83.00 mark amid correction in the dollar and falling crude oil prices.

BSE SME today. On BSE SME, Kalyani Cast Tech share price today listed at ₹264.10, which is 90% higher than the issue price of ₹139. Following a stellar debut the shares were locked in 5% upper circuit.

general elections will be the biggest trigger for the market even though the outcome of state elections can cause short-term volatility in the market. "The next trigger for equity markets is the outcome of General Elections 2024. State elections can create short-term volatility, but the outcome of the General Elections 2024 is a key monitorable," said Dikshit Mittal, fund manager of LIC Mutual Fund.

Delhivery fell around 3.75% to the day's low of Rs 398.80 on Friday morning after 1.8 crore shares of the new-age company changed hands in large block deals. Japanese IT giant Softbank, which owned a 14.46% stake in the company at the end of the September quarter through its entity Svf Doorbell (Cayman), is said to be the likely seller. The deal was valued at Rs 747 crore at Rs 403 per share, according to reports.

₹288 to ₹304 per equity share of face value of ₹5. Flair Writing IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

Also Read: Adani to kick off Dharavi project with $1.5 billion investment The state government’s Urban Development Department has modified the rules through a notification, the report added. According to the existing rules, there is an indexation provision for the utilization of Transferable Development Rights (TDR). This means that there would not be any cap on area-specific use of the TDR.

The Nifty 50 moved past the 19700-mark and ended at 19765.20 points and the Sensex settled at 65982.48 points. Among the major movers in the market were index major Tata Consultancy Services, PB Fintech, and Kalyan Jewellers India. PB Fintech shares hit a one-month high intraday and ended more than 2% higher in trade.

₹160 to ₹169 per equity share of face value of ₹2. Gandhar Oil IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

Sensex surged by 306.55 points to close at 65,982.48, while the Nifty 50 ended 89.75 points, or 0.46%, higher at 19,765.20 on November 16, the weekly expiry day. Nifty 50 formed a long positive candle on the daily chart with a long upper shadow. Also Read: 6 things that changed for the stock market overnight - Gift Nifty, US jobless claims to drop in crude oil prices “Technically, this pattern indicates an emergence of selling pressure from the crucial hurdle of 19,850 levels.

₹133 to ₹140 per equity share of face value of ₹10. Fedbank Financial Services IPO date of subscription is scheduled for Wednesday, November 22, and will close on Friday, November 24.

Reserve Bank has imposed monetary penalties on Manappuram Finance and Anand Rathi Global Finance for deficiencies in regulatory compliance. The banking regulator in a release on Thursday said it has imposed a monetary penalty of ₹42.78 lakh on Manappuram Finance Limited, Thrissur for non-compliance with certain provisions of the “Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016".

Small savings schеmеs like Public Provident Fund (PPF), Senior Citizen's Savings Scheme (SCSS), and Suknaya Samridhi Yojana (SSY)have long been a popular invеstmеnt choice for individuals, particularly those with a consеrvativе risk appеtitе, sееking to safеguard thеir financial futurе and accumulatе wеalth ovеr timе. Thеrе arе many diffеrеnt small savings schеmеs availablе, so it is important to choosе onе that is right for your individual goals and risk appеtitе.

gamers have continued to bet on these games through different channels, as Anubhab Sarkar, Managing Partner at Triumvir Law, told LiveMint. In a recent development, the Madras High Court partially lifted the ban on online gaming implemented by the Telangana Government. However, chance-based games still remain banned in many states, including Sikkim, Assam, Telangana, Arunachal Pradesh, and Tamil Nadu.

Motilal Oswal Financial Services reported in its Q2 results review report that margin tailwinds contributed to a broad outperformance across aggregates that marked the end of the 2QFY24 corporate earnings on a positive note. The beat was driven by domestic cyclical like cement, automobiles, banking, financial services, and insurance (BFSI).