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Markets open flat as Fed rate cut, Trump victory stir global sentiment 

Technology stocks led the gains in early trade, with Infosys rising 1.60 per cent, followed by Apollo Hospitals, Hindalco, Wipro, and Tech Mahindra




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Crude oil futures fall as Hurricane Rafael disrupts production

Around 22% of the daily oil production and 9.7% of the daily natural gas production in the Gulf of Mexico has been shut in response to Hurricane Rafael




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Wipro launches Google Gemini AI experience hub in Silicon Valley 

Facility will offer businesses access to Google Gemini’s Large Language Models for testing AI-driven use cases such as natural language understanding, image generation, and predictive analytics




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Niva Bupa Health Insurance IPO sees tepid response on day 2 

The retail portion of the IPO emerged as the only fully subscribed category, receiving 1.02 times the shares reserved for retail individual investors (RIIs)




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CAMS, KFin Tech form joint venture to operate MF Central platform 

The joint venture company will acquire, develop, and maintain the MF Central platform, which serves as an execution-only platform for mutual fund transactions




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Vedanta board approves ₹17,025 crore expansion plans across aluminium and power units

Vedanta Limited plans to expand its subsidiary Bharat Aluminium Company Limited (BALCO) and the Athena Chhattisgarh Power Plant Project




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Urgent need for climate services to mitigate intensifying climate threats, says World Meteorological Organization

World Meteorological Organization says big gaps exist and investments lag far behind




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Sensex dips 55 points; Nifty closes below key support amid sectoral divergence

Sector performance was varied, with IT stocks gaining momentum while realty and energy sectors faced pressure




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Broker’s call: Aadhar Housing (Buy)

JM Financial




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Broker’s call: Aptus Value Housing Fin (Buy)

Centrum Broking




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Specified Digital Platform: Concept lacks clarity

SDPs must demonstrate to SEBI that they have a mechanism in place to take preventive as well as curative action




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Rupee hits all-time low of 84.38

RBI intervenes to manage currency amid global economic challenges



  • Money & Banking

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Hindalco ranked world’s most sustainable aluminium company

Hindalco achieves the distinction for the 5th consecutive year




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Mcap of 6 of top-10 most-valued firms erode ₹1.55 lakh cr; Reliance biggest laggard

The valuation of Reliance Industries fell ₹74,563.37 crore to ₹17,37,556.68 crore




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Ural shipments to India rise 10% in October as refinery maintenance spares more barrels

According to energy intelligence firm Vortexa, India’s crude oil imports from Russia were largely flat on a monthly and annual basis at 1.45 million barrels per day (mb/d) in October 2024, according to energy intelligence firm Vortexa




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Wealthy investors may take pre-IPO route after losing QIB tag

Large family offices and ultra-high-net-worth individuals, who typically establish their own AIFs and invest via the QIB route but are otherwise ineligible for QIB status individually, will be affected by SEBI guidelines, say experts




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Everstone Capital evaluates exit options for Translumina, Everlife; IPO most likely

The IPO is likely to be in the range of $300-350 million, sources say




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Niva Bupa Health Insurance IPO Day 3 Highlights: Niva Bupa IPO subscribed 1.80 times

Niva Bupa Health Insurance IPO, Niva Bupa IPO GMP Updates November 11, 2024: Track Niva Bupa Health Insurance IPO subscription status here




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Rupee falls 1 paisa to all-time low of 84.38 against US dollar in early trade

Meanwhile, the dollar index was trading higher by 0.05 per cent at 105.05




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Hindalco expected to report 65% rise in Q2 profit on lower cost

The Aditya Birla Group company expects to report a net profit of ₹3,625 crore in Q2 against ₹2,196 crore last year in the same quarter




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INOX India bags major LNG terminal contract in the Bahamas 

The terminal, set to be the company’s largest mini-LNG facility to date, will provide shore power to cruise ships at the Nassau Cruise Port




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Alembic Pharma gets USFDA nod for generic heart medication 

The approved medication, therapeutically equivalent to Bausch Health’s Cardizem CD Extended-Release Capsules, is used to treat hypertension and manage chronic stable angina




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Niva Bupa IPO subscribed 1.43x by midday on final day

The retail individual investors’ portion currently leads the subscription status at 2.14 times, with bids for 6.71 crore shares




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Norton Motorcycles announces CEO exit, new dual leadership structure

The company has implemented a new leadership structure, dividing operations between two executive directors




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Mastek ranks in ISG’s Top 15 Global Tech Services Providers for Q3 2024

The achievement comes as Mastek expands its AI capabilities, recently launching iConnix, a GenAI portfolio featuring over 120 AI assets and 4 AI platforms




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As production drops in Guatemala, Indian cardamom may gain on Ramadan demand

Prices projected to top ₹3,500 a kg during January-March 2025




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Biocon shares gain 9 per cent after USFDA inspection of Bengaluru unit

The scope of the inspection covered six distinct biological units, including four drug substance manufacturing facilities and two drug product manufacturing plants




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Broker’s call: Ashok Leyland (Buy)

Anand Rathi 




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Broker’s call: Divi’s Lab (Sell)

Elara Securities




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RBI allows FPIs to reclassify investments above the prescribed limit in a company as FDI

Move aimed at enhancing the ease of doing business, streamlining compliance and attracting foreign investments




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Qualified brokers to provide clients UPI block or 3-in-1 trading account from February 1

QSBs’ clients will have the option to either continue with the existing facility of trading by transferring funds to the brokers or opt for either of the facilities




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Domestic markets likely to open flat amid mixed global cues; analysts eye fund flows post earnings season

A report from DSP Mutual Fund indicates a shift favouring large-cap stocks over small and mid-caps, as the latter reach high valuation levels




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Asian Paints earnings slump sparks doubt on some quality stocks in India

The emerging view is that likely immigration curbs may no longer hurt tech companies as much as they once did. At the same time, likely tax cuts could leave US companies with a bigger pool of money for discretionary spending, some of which might flow to Indian IT firms




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STT collection hits ₹36,000 crore, reaching 97% of Budget target amid market rally

Implemented in 2004, STT is designed to combat tax evasion on capital gains and has undergone various adjustments to its rates and structure since its inception.




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Hindalco, Ramco Cements, Sagility India Share Price Highlights November 12, 2024: Ramco Cements stock closes 5% higher, Sagility stock declines 6% on day one of listing

Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Highlights; Sagility IPO Listing November 12, 2024




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Rupee falls 2 paise to all-time low of 84.40 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.39 against the greenback, then fell further to an all-time low of 84.40, registering a fall of 2 paise over its previous close




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Rosmerta Digital Services IPO to open on Nov 18; eyes ₹206 cr




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Negative IOD likely to emerge this month, says Australian weather agency

The weather event may affect India; no signs of La Nina evolving until Feb 2025




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Rupee drops lower, down 1 paisa at fresh all-time low of 84.39 against US dollar

Rupee pressured by continued foreign fund outflows and a firm dollar overseas




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Sensex, Nifty drop 1% on sustained foreign fund outflows, weak global trends

Sun Pharma, Infosys and ICICI Bank were the top gainers on the Sensex




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Broker’s call: ONGC (Buy)

JM Financial




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Broker’s call: Doms Ind (Buy)

BNP Paribas




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Weak global cues, strong dollar drag markets lower

Sensex sheds 820 points, Nifty down 257 points




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Stock Market Live Updates 13 November 2024: Gift Nifty signals gap-down opening as market faces earnings and inflation pressures

Sensex, Nifty, Share Prices LIVE: Gift Nifty indicates a likely 100-point gap-down opening for Nifty at 23,870 on Wednesday as global markets remain weak. Analysts cite concerns over an earnings slowdown and persistently high inflation; Jefferies India downgraded full-year earnings for 63% of the 121 large companies it covers due to economic slowing. India’s retail inflation surged to a 14-month high of 6.21% in October, with steep rises in food and metal prices potentially influencing the RBI’s December policy stance. A continued hold on rates seems likely, but analysts at AngelOne note a shallower rate-cut cycle ahead for India, mirroring the US trend. Options data signals resistance around 24,500 due to heavy call writing and support near 23,500, with a bearish put-call ratio drop to 0.52. India VIX rose to 14.60 (+2.40%), suggesting caution; however, lower volatility generally supports bullish sentiment, according to SAMCO’s Dhupesh Dhameja.




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Kolkata doctor rape and murder: Junior doctors’ hunger strike enters 10th day; another protesting medic hospitalised

“A medical staff is in the CCU and his parameters have deteriorated. We have formed a medical board to treat him,” a senior doctor of the NRS Medical College and Hospital told




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After inconclusive talks, Bengal Chief Secretary urges doctors to call off fast-unto-death

With junior doctors insisting to continue with their hunger strike till all their demands are met the stalemate is likely to continue. So far five doctors who began hunger strike on October 5 for a ten-point demand have been hospitalised after their health condition deteriorated




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West Bengal government’s Durga Puja carnival faces protest heat

The carnival is set to be held very close to the junior doctors’ fast unto death protest site




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Kolkata witnesses citizens protest carnival alongside Durga puja carnival

The Calcutta High Court had set aside the prohibitory orders imposed by Kolkata Police and pointed out that there was sufficient distance between the two venues where - Droher Carnival at Rani Rashmoni Avenue and Durga Puja immersion carnival at Red Road - were being organised




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Doctors back at work as Bengal tells SC that 90-98% of safety upgrade work is complete

Bench gives National Task Force constituted by Centre on the orders of Supreme Court three weeks to come out with “tentative recommendations”




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Kolkatan who returns to Durga Puja after 20 years: ‘Crowds still there but no bonding, people are alone clicking selfies’

According to Arpita Mandal, the City of Joy, now that she’s two decades older, is today less suitable for pandal-hopping, due to the massive crowds, and more suitable for cafe-hopping, with plenty of eateries mushrooming even in residential neighbourhoods