JM Financial

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

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

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

Sensex, Nifty updates on November 11, 2024: Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment. After gyrating between highs and lows, benchmark Sensex eked out gains of 9.83 points or 0.01 per cent to settle at 79,496.15. The barometer gyrated 1,100.8 points between the day’s high of 80,102.14 and a low of 79,001.34. The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30. From the 30-share Sensex pack, Asian Paints tumbled over 8 per cent after the company on Saturday reported a 43.71 per cent decline in consolidated net profit to Rs 693.66 crore for the September quarter, impacted by soft-demand conditions, material price inflation and a decline in decorative and coatings business in the domestic market. Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

Asian Paints Stock, Asian Paints Share Price Updates November 11, 2024: Shares of Asian Paints in focus 

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

China’s announcement of a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems fell short of market expectations

While the report acknowledged that Trump’s victory introduces a mix of challenges, it also presents long term incentives to expand its manufacturing, diversify export markets, and enhance economic self-reliance

The product line includes desk organizers, reusable whiteboard stickers, dual-tip markers with triangular grips, and acrylic paint markers available in 12 and 24 color sets

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

The market recovery came despite a weak opening influenced by China’s stimulus concerns and continued foreign investor selling

Nupur Recyclers is currently focused on non-ferrous metal scrap processing. It will establish a state-of-the-art plant dedicated to handling both metal scraps and lithium-ion battery recycling

The shares of HFCL Limited were trading at ₹128.89 up by ₹2.10 or 1.66 per cent on the NSE today at 1.40 pm

The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private

The State-owned insurer recorded 12 per cent growth in net premium income at ₹1,19,901 crore during the quarter under review

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

The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30

The indices recovered from early losses but failed to maintain momentum through the session

Revenue rose to ₹ 1,491.23 crore, compared to ₹ 1,161.89 crore in the previous year

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

ITI was the lowest bidder for the ₹1,537-crore Project 15 spread across Arunachal Pradesh, Nagaland and Manipur

VC-backed companies are now looking at the euphoria in the market to list and return capital to their investors

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

Sensex, Nifty, Share Prices: The benchmark indices Sensex and Nifty, which traded on a weak note on Tuesday, settled 1 per cent lower for the day. Sensex closed at 78,675.18, lower by 820.97 points or 1.03 per cent, and Nifty 50 ended at 23,883.45, down by 257.85 points or 1.07 per cent. Barring the Nifty IT and Realty indices, all the sectoral indices are in red and led by bank stocks. As the Q2 earnings season concludes, analysts anticipate fund flows influencing market direction amid ongoing volatility. Gaurav Garg of Lemonn Markets Desk suggests that traders adopt hedged strategies focusing on selective stocks. Large-cap stocks are expected to perform relatively better as valuation pressures mount on the broader market. DSP Mutual Fund highlighted that mid-cap and small-cap indices have reached peak valuations, while large-cap stocks show signs of outperformance. Continued foreign portfolio outflows add to market volatility, but Pantomath Group’s ‘Market Kaleidoscope’ report points to India’s infrastructure push and rising private investment as economic stabilisers. Globally, Asian markets opened mixed, with gains in China and Japan offset by weaker Taiwanese and Korean indices.

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

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

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.

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent

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

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

The stock made its debut at ₹31.06, up 3.53 per cent from the issue price on both the BSE and NSE, later, it jumped 7.2 per cent to ₹32.16 on the BSE

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

Sensex sheds 820 points, Nifty down 257 points

Rains in Maharashtra delay kharif arrivals; prices likely to drop in a fortnight

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.

Analysts indicate significant pressure on mid-cap and small-cap sectors as a substantial portion of companies fail to meet expectations

With large IPOs like LIC and Hyundai India faltering, Swiggy’s listing today is expected to be muted, as analysts remain cautious amid subdued retail demand and challenging market conditions

The shares have been priced at ₹289, the upper limit of its price range

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

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

The top court remarked that the recruitment of civic police volunteers serves as a means of “granting political patronage”

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

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

Family alleges she was raped and murdered; police arrest victim’s partner

On October 15, the top court raised questions about the role, hiring process, and authority of the civic volunteers in West Bengal; prime accused Sanjay Roy was a civic volunteer

So far, six fasting junior doctors had to be hospitalised following severe deterioration of their health parameters, says Dr. Suvendu Mallick amid fast-unto-death agitation by junior doctors

The riverine Sunderbans region of South-coastal Bengal houses a wide network of earthen embankments, which regularly suffer breaches and decay especially during heavy rainfall, storms, and cyclones

The accused youth was arrested today based on a complaint filed by the victim’s family; he was allegedly in a relationship with the deceased victim