The Indian benchmark indices Sensex and Nifty 50 closed in the red on Monday. At market close Sensex was down 0.21% at 65,655.15, while Nifty slipped 0.19% at 19,694 points. The Indian rupee closed lower today at 83.34 against the US dollar compared to Friday's close of 83.27.
BSE Sensex fell 82 points or 0.11% to 65,719 and Nifty50 declined 10 points or 0.05% to 19,721 at 9:25 am today. Nifty Bank slipped 58 points to 43,525 and Nifty Midcap gained 168 points to 41,979 on Monday at 9:26 pm.
The top gainers from the pack of Sensex include HCL Tech, NTPC, Tata Motors, Maruti Suzuki and Infosys while shares of Axis Bank, Larsen, M&M, UltraTech Cement emerged as the top losers today.
Earlier, GIFT Nifty on the NSE IX witnessed a decline of 14.5 points or 0.07% at 19,805 thus indicating a muted start for Dalal Street on Monday, November 20, 2023. Asian stocks registered gains tracking minor gains on the Wall Street earlier on Friday as hopes remained strong that Federal Reserve may soon end the interest rate hiking cycle. Several major shares indexes surged in South Korea and Australia as Japan's Nikkei 225 index traded at nearly 33-year high.
Meanwhile, shares of Cipla are likely to remain in focus today as it received warning letter from USFDA for Pithampur manufacturing facility.
Stocks that are likely to remain in limelight on today will include Jio Financial Services, ESAF SFB, Oberoi Realty, Trident, and VIP Industries. These stocks are probably on the radar of market observers and might lead to price movements that could stimulate day trading.
Jio Financial Services Shri Sethuraman Kandasamy, Shri Jagannatha Kumar Venkata Gollapalli and Ms Jayashri Rajesh have resigned as directors of the company effective from the end of business hours of November 17, 2023.
Ajit Mishra, SVP - Technical Research, Religare Broking said, "On Friday, the markets took a breather after two days of advance and ended marginally lower. After the initial downtick, Nifty hovered in a narrow band for most of the session and finally settled at 19731.80 levels. Meanwhile, mixed trends on the sectoral front kept the traders busy wherein pharma, FMCG and auto posted decent gains while banking and energy were on the back foot. Interestingly, the broader indices managed to extend their prevailing tone and ended flat."
LIVE Feed
Nov 20, 2023, 2:53 pm IST
Jio Financial Services Holding Talks For Maiden Bond Issue: Report
Jio Financial Services is holding initial talks with merchant bankers for its maiden bond issue, reported Reuters quoting four bankers.
The company may look to raise Rs 50 billion to Rs 100 billion via the issue and may tap the market in the last quarter of this financial year, the bankers added.
Nov 20, 2023, 2:44 pm IST
Yes Bank Appoints Tushar Patankar As Chief Risk Officer, Stock Falls
Yes Bank announced on Monday that the Board of Directors of the Bank has approved appointment of Tushar Patankar as Chief Risk Officer
(CRO) of the Bank for the period of 3 years, effective from December 01, 2023. The stock was down 3.13 percent at Rs 20.15 at 2:38 pm IST today.
Nov 20, 2023, 2:11 pm IST
Former OpenAI CEO Sam Altman Likely To Join Microsoft
Microsoft CEO Satya Nadella reportedly said on Monday that ousted OpenAI CEO Sam Altman will be joining Microsoft to lead a "new advanced AI research team". Last week,OpenAI Board of Directors fired Altman as the company's CEO.
Nov 20, 2023, 2:00 pm IST
Multibagger Tata Group Stock Soars 13.68% Today, Rallies 38% In 1-Week
Tata Group mid cap stock from the finance sector Tata Investment Corporation Limited (TICL) witnessed a sharp surge of 13.68% at the time of writing the story. Tata Investment Corporation has given multibagger returns to investors last 6-months only with gain of 100.96%. TICL shares gained 37.81% in last 1-week. Earlier, TICL stock hit 20% upper circuit on November 17 and today it hit new 52-week high in trade on BSE. Why shares of Tata Investment Corporation have been recording such sharp rally in last 2 days?
Satya Nadella says Sam Altman and Greg Brockman, will join Microsoft
Satya Nadella
Nov 20, 2023, 1:07 pm IST
Foxconn's Electric Car Unit Falls in Market Debut
Shares in Foxtron Vehicle Technologies, a unit of Taiwanese contract manufacturer Foxconn, slipped in their market debut, hurt by concerns over headwinds in the highly competitive electric vehicle market.
Foxtron shares regained some ground from earlier losses of as much as 9%, ending down 2.7% which gave it a market capitalisation of around .7 billion.
Nov 20, 2023, 1:00 pm IST
Bank Stock Under Rs 75 Jumps On BSE After Q2 Net Profit Soars 145%
ESAF Small Finance Bank Ltd shares witnessed a rally of 1.51% to Rs 69.90 per share on Monday after it reported a jump of 145% in its Q2 net profit to Rs 140 crore for July-September period from Rs 57 crore in the year ago period.
Nov 20, 2023, 12:48 pm IST
RBI's tightening of lending norms for unsecured retail loans is credit positive: Moody’s
Lenders will have to allocate high cap for such retail loans improving loss-absorbing buffers
Nov 20, 2023, 12:45 pm IST
SBI Life slips in Tade, more than 2% down
SBI Life has fallen from day's high by over 2 percent
Nov 20, 2023, 12:33 pm IST
Gold, Silver Prices Soar Ahead of US Fed meeting minutes release
MCX gold rate further rose and went on to hit intraday high of Rs 60,774 per 10 gm levels in the opening bell today. Spot gold price is oscillating around ,982 per ounce levels.
Nov 20, 2023, 12:24 pm IST
BSE Mid and Small Cap indices hit fresh record highs
The surge in mid and small-cap stocks so far this year appears to get investor's attention, while these stocks touch record levels. The Mid and small-cap stocks have outperformed the large-cap ones by a wide margin in 2023 so far.
Nov 20, 2023, 12:21 pm IST
Rupee trades flat at 83.26 while US dollar falls to over 2-month low
The Indian rupee traded flat at 83.26 against the US dollar due to sell offs in the stock market and sustained dollar demand from importers. The Indian currency opened 3 paise higher at 83.24 a dollar as compared to previous close of 83.27.
Nov 20, 2023, 12:07 pm IST
Top 5 Gainers and Losers Today
Source:NSE
Nov 20, 2023, 12:07 pm IST
Global slowdown is an opportunity for India, says G20 sherpa Amitabh Kant
India is bracing for elections in April or May 2024 as people gets ready to elect a new government for a five-year term. G20 Sherpa Amitabh Kant, who has held key bureaucratic positions in the current regime, weighs in on the crucial reforms implemented by the centre in the last decade, according to moneycontrol.
Nov 20, 2023, 12:01 pm IST
Sensex Stays Low By 0.32%, Nifty Fallen by 0.25%, Cola India gains highest volume so far. USD Gains Against INR, 0.09% In Green
Sensex at 12 pm stays at 65600, falling by 200 points and Nifty has plunged by almost 50 points to reach 19680 range in the first half. USD November Futures expiring next Thursday have risen to 83.3450 at 11:50 am, on a consistent rise since opening with 0.09% in green from previous closing. All eyes on Coal India as it grabs highest volume today.
Nov 20, 2023, 11:34 am IST
Sensex Dips by 0.32%, Nifty Falls 0.23%, Union Bank of India Appoints New CFO
Sensex has fallen to 65578 levels, 210 points in red and Nifty fell by 46 points to reach 19684 range, since the beginning of today's session. Union Bank Of India disclosed on Monday that CA Avinash Vasant Prabhu, former CFO of Deutsche bank with 25 years of experience, has been appointed as the new Chief Financial Officer of the bank for a period of three years, with Vice-CFO as CA Prafulla Kumar Samal.
Nov 20, 2023, 11:07 am IST
Sensex in Red By 13 points, Nifty In Green By 7 points, Another Mega Order win for L&T Energy Hydrocarbon in Middle East
Sensex at 11 am today reached 65,766, while Nifty surged slightly to 19730 range. Sensex is 0.03% in red, while Nifty stays 0.3% green. The Hydrocarbon Business of L&T have received orders from a major Middle-eastern client in regards to Engineering, construction, and installation of new offshore platform with existing facilities. The Hydrocarbon Business is executing several domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-conducive geographies.
Nov 20, 2023, 10:32 am IST
India GDP Crosses Trillion Milestone? Undiversified GDP Data Goes Viral On X
Has India's GDP crossed the trillion-milestone? A recent post on microblogging platform X has gained huge popularity and is viral now that is reportedly claiming India has surpassed the trillion-mark in gross domestic product. Interestingly, the post has been shared by several leaving political heavyweights, businessmen, and bureaucrats, among others. July- September GDP numbers are due
Stock Market Live Updates: Sensex recovers to 55 points, Nifty about to cross in green, Australian Stock Operator Hires TCS
At 10:20 am, Sensex has plunged by 17 points to reach 65,760 range and Nifty recovers to reach 0.01 %, standing at 19,710 range. Australian Stock Exchange (ASX) announces that it has hired TCS to handle their clearing and settlement software, after blockchain-based efforts fail. Mr. Ashish Goenka, the Chief Financial Officer and Key Managerial Personnel of the Jubilant Foodworks have resigned from the company as of today with a written resignation letter dated November 20,2023. There is change in Directors, KMPs, Auditors and Compliance officers.
Nov 20, 2023, 9:15 am IST
Stock Market Outlook Today
Mr. Aditya Gaggar, Director of Progressive Shares said, "The markets settled the last day of the week on a tepid note at 19,731.80. We believe in the short run, the index will oscillate in a range where 19,850 will be a crucial resistance while the downside is protected at its strong support band of 19,550-19,580. In the case of BankNifty, the index is likely to retest its 200DMA support which comes around 43,250 while on the rise, it may face resistance at 44,060. The much-awaited breakout was seen in the Auto and Infra sectors which indicates a continuation of an uptrend (Bajaj Auto, Eicher Motors, Hero Motocorp, Capacite Infraprojects, ITD Cementation, and Welspun Enterprises). An uptrend in the Pharma segment will continue from hereon as well as it has given a breakout from a Pennant and Pole formation (Dr Reddy, Zydus, and LifeGranules). We are bullish on the stocks that were previously mentioned as well i.e. Alkem, IPCA Labs, and Sun Pharma. Railway stocks are hinting towards another round of a rally (Ircon, IRFC, Railtel, TexRail, RVNL)."
Nov 20, 2023, 8:38 am IST
Dalal Street To Remain Busy As 6 New Companies Set To Raise Rs 7,300 Crore
The stock market is likely to remain busy this week as six new companies are expected to raise nearly Rs 7,300 cr via initial public offering. Tata Technologies and Indian Renewable Energy Development Agency are the largest among the six new companies.
Nov 20, 2023, 8:34 am IST
DreamFolks Expands Footprint In Southeast Asia market
DreamFolks announced its entry into Malaysia thus indicating a key milestone in its global expansion. It will offer its cutting-edge technology as a service to partners at three airports: Kuala Lumpur International Airport, Kota Kinabalu International Airport, and Kuching International Airport
Nov 20, 2023, 8:32 am IST
Jio Financial Services Shares Likely To Remain In Limelight
Jio Financial Services Shri Sethuraman Kandasamy, Shri Jagannatha Kumar Venkata Gollapalli and Ms Jayashri Rajesh have resigned as directors of the company effective from the end of business hours of November 17, 2023.
Nov 20, 2023, 8:31 am IST
Cipla Receives Warning Letter From USFDA
Cipla received a Warning Letter on November 17, 2023 from United States Food and Drug Administration (USFDA) for the routine current Good Manufacturing Practices (cGMP) inspection carried out at its Pithampur manufacturing facility between 6th to Feb 17th , 2023.
The Warning Letter reviews contraventions pertaining to methods or controls followed at the facility which do not conform to the prescribed cGMP regulations and contains directional guidance for necessary corrections
"On Friday, the markets took a breather after two days of advance and ended marginally lower. After the initial downtick, Nifty hovered in a narrow band for most of the session and finally settled at 19731.80 levels. Meanwhile, mixed trends on the sectoral front kept the traders busy wherein pharma, FMCG and auto posted decent gains while banking and energy were on the back foot. Interestingly, the broader indices managed to extend their prevailing tone and ended flat."
Nov 20, 2023, 8:29 am IST
Huge fire, blasts at Visakhapatnam fishing harbour
Huge fire, blasts at Visakhapatnam fishing harbour, 23 boats turn to ash.
Click it and Unblock the Notifications
Sign in with Google