BUSINESS
KEI Industries raises Rs 2,000 crore via QIP; Kotak mutual fund picks up one-fourth of the issue
KEI Industries' QIP, which opened on November 25 and closed on November 28, involved the issuance of 52.6 lakh equity shares at Rs 3,800 per share, representing a discount of 2.1 percent to the floor price.
BUSINESS
Zomato raises Rs 8,500 crore via QIP at Rs 252.62 per share; stock in focus on NSE F&O entry today
This fundraising effort, the first by Zomato since its initial public offering (IPO) in July 2021, is targeted at strengthening the company’s balance sheet and supporting key growth initiatives.
BUSINESS
Massive sell-off on D-St: Sensex crashes 1,200 points, Nifty ends near 23,900 on expiry day volatility
A combination of weak global cues, profit-booking ahead of the monthly F&O expiry, and sectoral pressures led by IT and auto stocks weighed on Indian share market sentiment today.
BUSINESS
Bear attack drags Sensex down 1,200 points, Nifty slips 1.5%: Key factors behind today's market fall
IT and auto stocks were the top drags on the Nifty, with sectoral indices falling 2.3 percent and 1.3 percent, respectively. The decline in IT stocks follows overnight the US inflation data, which signalled a slower-than-expected trajectory for rate cuts.
BUSINESS
Sensex crashes 700 points, Nifty slips below 24,100 as markets give up early gains; IT, auto stocks drag
Sensex and Nifty are in a positive trend following the state election results, with the NSE trying to consolidate near 24,500. The recent correction of about 8 percent from September highs has brought valuations to more reasonable levels.
BUSINESS
Key Adani stocks hit upper circuit, jump 10-20% as group refutes bribery allegations against founder Gautam Adani
The rise in Adani stocks came after Adani Green Energy clarified that recent reports alleging bribery and corruption charges under the FCPA were inaccurate.
BUSINESS
FIIs turn cautious, F&O activity shows long unwinding, tight range; Nifty must hold 24,100 to avoid deeper fall
Foreign institutional investors (FIIs) have reduced their long positions in index futures, with a dip in the long-short ratio to 34.89 from Tuesday’s 36.74. Nifty faces immediate resistance at 24,350–24,400.
BUSINESS
FIIs build bullish bets as Nifty hovers above 24,200, shows F&O positioning; check support, resistance
With FIIs strengthening their long positions and Nifty’s support at 24,200, traders are closely watching the 24,350 level for a breakout. Sustained movement above this resistance could drive the index higher.
BUSINESS
Capex outlook improves post-elections as government, private sectors gear up for H2 FY25 rebound
With the elections now behind, the government is expected to refocus on spending. Meanwhile, private capex may have already seen some early indicators of an impending pick up.
BUSINESS
HDFC Bank stock hits all-time high above Rs 1,800 as trading volumes surge on MSCI rejig inflows
More than 21.5 crore HDFC Bank shares were traded across NSE and BSE on 25 November — nearly 8.6 times its 20-day moving average volume.
BUSINESS
Sensex gives up 600 points from day’s high, Nifty loses election steam after facing resistance at 24,350
The morning rally in Sensex and Nifty, driven by short covering and enthusiasm over BJP-led Mahayuti alliance’s landslide victory in Maharashtra, began to wane as investors took a more cautious stance amid weak corporate earnings.
MARKETS
Bullish sentiment builds in F&O market after BJP's Maharashtra election win; Nifty hurdle at 24,350
Nifty futures saw a significant drop in cumulative open interest (OI) across current, next, and far-month series, indicating further short covering on 25 November. The changes in the option chain showed Nifty entering into a narrow range.
BUSINESS
Investors cover shorts ahead of Maharashtra election results, FIIs boost long positions; 24,000 key hurdle for Nifty
FIIs boosted long positions and investors covered shorts in the derivatives market ahead of state election results, signalling cautious optimism. Key levels for Nifty include resistance at 24,000 and support at 23,500.
BUSINESS
Sensex, Nifty jump: Bear market bounceback or robust rally? FII flows, global cues to decide future direction
Today's bounceback in the market followed a sustained correction that had weighed heavily on sentiment. Benchmark equity indices gained 2.5 percent, with BSE Sensex jumping nearly 2,000 points and NSE Nifty reclaiming 23,900.
BUSINESS
Adani Group stocks recover, most end in green after steep fall triggered by US bribery charges
By noon on November 22, Adani Enterprises, Adani Ports and SEZ, Adani Green Energy and other group stocks were up as much as 3-4 percent. The gains come Gautam Adani group firms losing Rs 2.2 lakh crore in market capitalisation the previous day.
BUSINESS
S&P revises outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges
S&P's rating outlook revisions come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India.
BUSINESS
Adani stocks extend fall today after steep losses amid US bribery allegations against Gautam Adani
Adani Group’s listed firms suffered a combined market capitalisation loss of Rs 2.2 lakh crore, marking one of the steepest single-day declines in the group’s history, after US federal prosecutors filed charges of bribery against founder Gautam Adani.
BUSINESS
US bribery charges: Gautam Adani Group stocks, banks, other shares hit in widespread fallout
The US bribery allegations against Gautam Adani have triggered sharp declines across equities, bonds, and related securities, weighing on the market sentiment and once again raising governance concerns.
BUSINESS
Bernstein not worried about market impact from Gautam Adani bribery charges, calls reaction short-term
Markets are likely to move past the Adani group bribery charges news within a day or a week, said Bernstein India head of research, adding that the development is unlikely to have lasting consequences for the broader market.
BUSINESS
Adani stocks crash about 25% after Gautam Adani charged in US in $250 mln bribery case for Indian solar contracts
US prosecutors' and US SEC allegations have hit Adani group’s international securities too, with Adani’s dollar-denominated bonds falling sharply. Notes issued by Adani Green Energy in March fell 15 cents -- a record.
BUSINESS
GQG Partners stock falls 25% after US bribery charges against Gautam Adani; firm says will review holdings
GQG stock fell 10% to AUD 2.38 on the Australian Securities Exchange after the Attorney's Office for the Eastern District of New York and the US SEC alleged that Gautam Adani participated in a $250 million bribery scheme to secure solar energy contracts in India.
BUSINESS
UPL eyes debt reduction, sells 8.93% stake in Advanta for Rs 2,100 cr, announces Rs 3,378-cr rights issue
UPL's Advanta stake sale, coupled with an equity rights issue worth Rs 3,378 crore, positions the agrochemicals firm to raise a total of approximately Rs 5,500 crore. These funds may support the company’s expansion plans and deleveraging efforts.
BUSINESS
FIIs boost bets in stock futures, but unwinding in Nifty, Bank Nifty shows caution ahead of Maharashtra election
Today’s session showed foreign investors were cautious ahead of Maharashtra state election and Nifty F&O expiry. Also, geopolitical escalations between Ukraine and Russia could amplify market volatility and weigh on sentiment.
BUSINESS
PPFAS ‘not playing T20’; holding cash to save wickets in test cricket, waiting for loose ball to hit boundary
Rajiv Thakkar of PPFAS said that holding cash is not about timing the market or predicting outcomes of major events. Instead, it is about waiting for the right valuation pitch to make investments.
