b

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




b

Markets reverse early losses, Power Grid leads gains while Asian Paints tumbles

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




b

Nupur Recyclers to enter Lithium-ion battery market 

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




b

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




b

HFCL consortium wins ₹8,100 crore BharatNet phase III bids 

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




b

LG to add Axis to arrange $1.5 billion Mumbai listing

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




b

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




b

Brokerages bullish on LIC post Q2 results; shares gain

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




b

Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

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




b

BSE, NSE end flat after volatile session; Asian Paints tanks 8% post earnings 

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




b

SCI shares gain 7% on robust Q2 net profit

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




b

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




b

ITI emerges lowest bidder for three BharatNet packages; shares up 11 %

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




b

Broker’s call: Ashok Leyland (Buy)

Anand Rathi 




b

Broker’s call: Divi’s Lab (Sell)

Elara Securities




b

Start-ups line up for IPOs amid bullish market, investor demand

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




b

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




b

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




b

Stocks that will see action today: November 12, 2024

Buzzing stocks: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton




b

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




b

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




b

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.




b

Crude oil futures trade lower as China stimulus measure fails to boost market 

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




b

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




b

Inox Wind bags 87 MW wind energy project from Continuum Green Energy




b

Sagility India shares debut 3.53% higher

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




b

Ramco Cements stock gains 5% as Q2 results beat street estimates

Analysts offered mixed reviews; Jefferies issued an underperform rating with a target price reduction from ₹690 to ₹680, while Motilal Oswal maintained a neutral stance with a target of ₹880.




b

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




b

Broker’s call: ONGC (Buy)

JM Financial




b

Broker’s call: Doms Ind (Buy)

BNP Paribas




b

Weak global cues, strong dollar drag markets lower

Sensex sheds 820 points, Nifty down 257 points




b

Lack of govt control on retail outlets blamed for soaring onion prices

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




b

Stocks that will see action today: November 13, 2024

Buzzing stocks: United Spirits, Tata Chemicals, MTNL, Aurobindo Pharma, LCC Infotech, Tata Power, Federal Bank, EMS, Eicher Motors, Apollo Tyres, Allcargo Terminals, Vodafone Idea, Happiest Minds, Brigade, ESAF Small Finance Bank, NBCC, Kalyan Jewellers, Garden Reach, Unichem Lab, Dredging Corp, AstraZeneca Pharma. Prism Johnson, PI Industries, Shilpa Medicare, Thermax and Thomas Cook




b

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.




b

Nifty faces bearish pressure amid economic slowdown and rising inflation

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




b

Swiggy’s stock market debut: Will it deliver listing gains?

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




b

ACME Solar debuts today after IPO oversubscribed 2.75 times

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




b

Zinka Logistics IPO opens today at ₹259-273 price band

Logistics major raised ₹501 crore from anchor investors




b

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




b

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




b

Kolkata rape-murder case highlights | SC asks WB govt. to furnish details on how civic police volunteers are hired

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




b

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”




b

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




b

Body of girl found in Krishnanagar town of West Bengal

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




b

West Bengal’s Sundarbans Affairs Minister faces heat from locals over river embankment breach issues

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




b

Protesting junior doctors collect signatures from the public in Kolkata

Aniket Mahato, one of prominent faces of the doctors’ movement who fell ill during the hunger strike, has sought Chief Minister Mamata Banerjee’s intervention to resolve the crisis




b

Prime accused behind woman’s death in West Bengal’s Krishnanagar taken into seven-day police custody, SIT formed

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




b

Kolkata tram, suspended during Durga Puja, yet to resume; tram lovers feel it may never come back

Kolkata tram faces uncertain future as court delays decision on resuming services, sparking fears of permanent closure




b

Durga Puja gone, wait begins in Kolkata now for book fair

The international book fair will be inaugurated on January 28 next year and go on till February 9.




b

West Bengal-based buyers show shift towards solar, AI-powered technologies, says Amazon India

An analysis of buyer trends of this year’s Amazon Great Indian Festival sale so far has revealed an affinity of Bengal-based buyers towards renewable and artificial intelligence appliances like solar panels, single-equipment home gyms, robotic vacuum cleaners