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

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.

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

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.

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

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

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

JM Financial

BNP Paribas

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

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

Logistics major raised ₹501 crore from anchor investors

“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

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

Ongoing unrest in Kolkata as doctors’ hunger strike continues, with two more falling ill, sparking further protests

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

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

The agitation by doctors and a section of citizens over the rape and murder of a doctor was not against the Durga Puja but remains primarily directed at the State government

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 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

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

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

A section of Trinamool Congress leaders have challenged the doctors for an electoral battle. The Assembly seats going to polls are mostly in rural and semi urban areas, where the protests might not create an impact in favour of the Opposition.

R.G. Kar victim’s parents said that they had gone to Tala Police Station to tell the police that they did not want their daughter’s body to be cremated that night

BJP leader calls for Central agency probe to ensure transparency and justice; offers legal support for victim’s family

The Chief Minister of West Bengal said the Central Government appears to be "under pressure" to cut taxes to benefit common people

The protesting doctors refused to end their hunger strike until all their demands were met but agreed to join the talks on Monday, after speaking with Chief Minister Mamata Banerjee over phone

The fate of the British-era mode of transport is hanging in the balance with animal rights activists pushing for a ban, alleging mistreatment of horses, and historians seeking preservation of the tradition. The High Court has urged the West Bengal government to provide alternative livelihoods as owners, drivers struggle to survive amid poor demand

Though some local channels have announced a name, there is no official communication or confirmation on full-time V-C

An internal enquiry committee had suspended the doctors for promoting a threat culture and intimidation within the hospital premises. The court said that the suspension cannot go through without the State government’s or the Health Department’s approval.

“More than 5,000 relief centres have been set up and they are expecting evacuation of around 10 lakh people,” says Odisha Revenue and Disaster Management Minister Suresh Pujari

Kolkata tram service, having just three routes with only two functional, resumes after Durga Puja suspension due to traffic congestion concerns

This comes after the Congress appointed Subhankar Sarkar as the president of the West Bengal Pradesh Congress Committee in September, replacing Adhir Ranjan Chowdhury

The IMD said that the cyclone is likely to make landfall between Bhitarkanika National Park and Dhamra port in neighbouring Odisha on October 25

Gusty winds and heavy rain lashes several parts of Odisha; East Coast Railway suspended and diverted train services

Government is bracing for impact and has removed many people from the high-risk coastal areas of the State

Process likely to continue till early morning on Friday; with widespread rain and wind, Odisha government shifts 5.84 lakh people to cyclone shelters, storm may recurve once its enters land; in West Bengal, flights and trains have been suspended and schools closed, and 24x7 helplines set up

The landfall process of the severe cyclonic storm Dana was complete on Friday morning and the system took at least eight and half hours to enter the landmass, IMD said