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

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.

Spot gold dropped 0.5 per cent to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7 per cent to $2,675.90

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

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

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 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

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

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.

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

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

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

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.

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

“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

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

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

What transpired during the proceedings? What were the directions issued by the top court?

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

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

Family members of a cancer patient who passed away later in the day, alleged that the death was due to inhaling of smoke due to the fire.

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.

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

“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

The sensitive take on grief, gender norms, and societal issues by director Rahul Roye wins the Best Social Justice Film award

Dr. Jaydeep Sarangi, who is a published and well-anthologised poet with 10 collections in English, has probably translated more works of Dalit writers in Bengal than anyone else

The journalist claimed that he had made improper advances and touched her when she went to interview him at his residence

During the hearing of Justice Subhasish Samanta at courtroom number 7, an obscene video was allegedly “live-streamed” for nearly one minute before it could be stopped

Mr. Salim also highlighted that in the upcoming byelections, the Left Front in West Bengal has made seat adjustments considering parties outside the Left Front

While the WBJDF has been at loggerheads with the State government on multiple occasions, the WBJDA appears to be going soft on the administration

Only green crackers are allowed in markets to ensure low pollution and air quality control

We understand that being the Union Home Minister, he has enormous responsibilities. He must be too hard-pressed to squeeze some time out for us during the day-long visit,” says the mother of the deceased doctor

Kolkata Police crack down on illegal firecrackers, arresting 292 people and seizing over 500 kg of banned fireworks

The Kolkata Traffic Police registered cases against 841 people on charges such as rash driving and drunken driving. In an incident in Ward 110 of Patuli area, an adolescent boy was injured in a crude bomb explosion. In Howrah district, three people, including two children, died after a house where firecrackers had been stored caught fire.

Educators and government employees varyingly expressed approval and concern regarding the State’s policy with five holidays in November following 13 days’ leave in October

Police personnel were assaulted in one incident when they stepped in to resolve the conflict

Students’ association points to RTI data, says only 2 seats filled by SC and 4 by OBC candidates against sanctioned strength of 18 and 34 respectively

While the counsels appearing for the Leader Of Opposition alleged that vandalism took place during Durga Puja and Kali Puja, Advocate General Kishore Datta strongly refuted allegations of communal clashes

With saturation of European and American markets, Asian tea producers are eyeing untapped African market for exports

Friday’s CTUA protest was initially planned to demand restoration of the third surviving route, Ballygunge-Tollygunge, which was shut down temporarily about four months ago due to pipeline work; but by Friday they had more things to protest against as media reports showed bituminisation of not-in-use tram tracks in Alipore.

BJP president Sukanta Majumdar targets police whereas Trinamool leader Firhad Hakim apologises  for comment on woman BJP leader