KEY HIGHLIGHTS
And it's a wrap on NDTV Profit's live market coverage for Friday. Thank you so much for joining us, today!
Markets At Close: Nifty, Sensex Settle Near Day's Low
Nifty maintains the stance above 26,000 mark; down about 0.5% today
Benchmarks outperform Broader Market Indices
Nifty ends in red, drag by HDFC bk, ICICI bk & Bajaj fin
Nifty Advance : Decline ratio at 19:31
Nifty Midcap 150 ends in red, GVT&D, Tube invst fell the most
Nifty Midcap 150 advance : decline ratio at 18:131
Nifty smallcap 250 ends in red, Sterlite & Chennai petro fell the most
All sectors end in red, baring Nifty FMCG
Nifty Metal fell the most, Hindustan copper & SAIL fell the most
Nifty PSU bank, Nifty Pharma, Nifty IT falls for second consecutive day
Nifty FMCG gains for 3rd consecutive day
Nifty Media falls for 4th consecutive day
Rupee Settles Sharply Lower Against US Dollar
Rupee closed 70 paise weaker at 89.41 against US Dollar
Intraday, rupee weakened 77 paise to record low of 89.48 a dollar
It closed at 88.71 a dollar on Thursday
Source: Bloomberg
The Japanese Bond Thriller Nobody Expected To See So Soon
A terrified heroine in a dim bungalow, suspenseful music, and thunder sounds build tension as footsteps approach. She trembles, her heart races, and then, there’s a hand on her shoulder. Suddenly, lightning reveals the person's face, but the face would be revealed only in the sequel. A similar horror movie is being played in the Japanese bond market.
LIVE: Rupee Breaches 89 Against US Dollar As Risk-Off Sentiment Weighs
The rupee weakened past a psychologically crucial level of 89 against US dollar on Friday.
Rupee Falls Below 89 Against US Dollar
Rupee weakened 42 paise to record low of 89.13 against US Dollar
It closed at 88.71 a dollar on Thursday
Source: Bloomberg
Stock Market LIVE: Trident Will Invest Rs 1,500 Crore In Barnala
Trident Ltd. will invest Rs 1,500 crore in Barnala to scale up towel production, modernise paper manufacturing facilities
The hotel will allocate Rs 500 crore in Mohali to establish corporate office, capacity-building centre
The Rs 2,000 crore investment in Punjab expected to create 2,000 employment opportunities
Stock Market News: Walmart's GAAP Results Include $700 Million Charge Related To PhonePe Subsidiary India
Walmart On PhonePe
Walmart's Q3 GAAP results include a charge of around $700 million related to PhonePe subsidiary in India
PhonePe's $700 million charge related to PhonePe was discrete and non-cash
PhonePe charge related to share-based compensation expense in contemplation of potential IPO
LTM return on investment declined slightly, primarily due to the PhonePe charge
Alert: Media reports suggest that PhonePe launched ESOP buyback programme worth up to Rs 800 cr ahead of IPO
Source: walmart earnings call
Stock Market News: IndusInd Bank Says Fund Raising News 'Speculative', 'Inaccurate'
IndusInd Bank on Friday said news reports iterating a fund raising exercise by the lender "are speculative and factually inaccurate."
In a clarification to the exchanges, the lender said that it will "categorically deny having any such discussions as reported in aforesaid media reports."
Reports on Friday had indicated that the bank was in the midst of raising funds through a qualified institutional placement. The bank is in discussions with merchant bankers, specifically Citi, according to these reports.
Stock Market LIVE: DCM Shriram Share Price Rises
DCM Shriram share price advanced 8.15% to Rs 1,269.90 apiece. The stock price was trading 7.43% higher at Rs 1,261 apiece as of 1:25 p.m.
Kotak Mahindra Bank Turns 40: Uday Kotak Recalls Launching It With Rs 30 Lakh In A 300 Sq Ft Office
As Kotak Mahindra marks 40 years today, Uday Kotak, Founder and Director, Kotak Mahindra Bank, reflected on the company's journey from its origins in 1985.
He reminisced about investing Rs 30 lakh, which is equivalent to roughly Rs 3.2 crore today per inflation calculators, and transforming a modest finance firm into India's third-largest private bank by market cap in four decades.
Gallard Steel IPO GMP Soars As Subscription Crosses 100x On Final Day; Check Allotment Details
Indore-based engineered steel castings manufacturer Gallard Steel Ltd. will conclude its initial public offering (IPO) on Friday, November 21.
The SME IPO, which was fully subscribed on Day 1, saw its subscription surge over 100x on the final day of subscription.
Stock Market LIVE: Vikas Khemani Positive On Earning Cycle For Past Two Quarters
Khemani's view on earnings cycle since last 2 quarters have been positive
Credit grow is back in the system
From a liquidity perspective 2026 will be a good year
Source: Vikas Khemani, Co-founder, CIO, Carnelian Asset Management & Advisors at PMS & AIF 8.0 summit
Stock Market LIVE: Tilaknagar Industries Share Price Falls Post Thursday’s 5% Rise On Madhusudan Kela-Backed Fund Allotment
Tilaknagar Industries Ltd. allotted nearly 3.7 crore shares to Madhudsudan-Kela-backed Singularity Equity Fund. Following the news, the stock price declined in Friday's session.
AWL Agri Business Stake Sale Attracts Strong Demand As Adani Enterprises Completes Exit
Adani Enterprises Ltd. witnessed a strong demand for the AWL Agri Business Ltd.'s stakes from investors as it offloaded remaining 7% shares in multiple block deals, according to people familiar with the matter.
The Vanguard Group, The Charles Schwab Corp, ICICI Prudential Mutual Fund, SBI Mutual Fund, Tata Mutual Fund, Quant Mutual Fund and Bandhan Mutual Fund were among the prominent buyers, sources told NDTV Profit. Multiple foreign institutional investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
'You Can Be A Great Stock Picker, But...': Shankar Sharma On Why Investors Can't Escape Macro Cycles
Veteran investor Shankar Sharma, known for early bets on Amazon and Apple, stresses that macro market cycles overshadow stock-picking skills.
In a post on social media platform X, Sharma cited the period between 2014-2020 in India, where growth was dismal and corporate earnings were distressing.
Stock Market LIVE: Groww Q2 Results: Profit Surges 25%, Total Income Rises 13%
Groww's parent company Billionbrains Garage Ltd.'s profit rises 24.6% to Rs 471 crore in the second quarter of this financial year. This is in comparison to profit of Rs 378 crore in the previous quarter of this fiscal, according to its stock exchange notification on Friday.
Groww's total income rose 13% in the quarter ended September to Rs 1,071 crore in comparison to Rs 948 crore in the previous quarter.
Stock Market LIVE: RateGain Travel In Pact With HotellQ
RateGain Travel Technologies is in pact with the HotellQ to bring real-time rate shopping to smarter revenue management.
HotellQ will now integrate the company's rate shopping solution 'Navigator' into its ecosystem for hotels worldwide, the company said in the exchange filing.
All Buys, No Gains: Three Stocks With 100% Buy Ratings But Deep In The Red — What’s Going Wrong?
Five-Star Business Finance Ltd., Sunteck Realty Ltd., and Teamlease Services Ltd. are the three stocks which have the 100% buy ratings, but trading in losses.
Read the full article to find out why brokerages maintained bullish view despite udnerperformance.
IPO News: Sudeep Pharma IPO Opens Fro Subscription
Sudeep Pharma IPO has been subscribed 0.03 times or 3% as of 10:09 a.m. on Friday.
Qualified Institutional Buyers (QIBs): Nil
Non-Institutional Investors (NIIS): 0.05 or 5%.
Retail Individual Investors: 0.04 or 4%
Employee reserved: Nil
Capillary Technologies Lists At 3% Discount Over IPO Price On D-Street
Capillary Technologies India Ltd. debuted on the National Stock Exchange at Rs 571.90 apiece, at a discount of 0.88% from the issue price. It listed on the BSE at Rs 560 per equity share, marking a 2.95% discount.
The public offer included a mix of fresh issues of shares worth Rs 430 crore and an offer-for-sale of 1.83 crore shares by existing shareholders.
Stock Market LIVE: TBO Tek Share Price Rises Over 5%
TBO Tek Ltd. share price advanced 5.17% to Rs 1,764 apiece. It was trading 4.62% higher at Rs 1,755 apiece as of 9:44 a.m.
Sectoral Performance At Open: Nifty Metal Declines The Most
Nifty Detractors: ICICI Bank, HDFC Bank, RIL Shares Weigh
Stock Market LIVE: India VIX Rises To Highest Level Since June
The NSE India Volatility Index rose 14.13% cto 13.85. It was trading 9.62% higher at 13.31 as of 9:27 a.m.
Markets At Open: Nifty, Sensex Fall
The NSE Nifty 50 and BSE Sensex declined as ICICI Bank Ltd. and HDFC Bank Ltd. shars weighed. The indices were trading 0.21% and 0.29% down, respectively as of 9:20 a.m.
Rupee Opens Stronger Against US Dollar
Rupee opened 3 paise stronger at 88.68 against US Dollar
It closed at 88.71 a dollar on Thursday
Source: Bloomberg
Stock Market LIVE: M&M Sees Faster Tractor, SUV Momentum; Jefferies Retains Bullish Call
Mahindra & Mahindra Ltd. struck an upbeat tone at its investor day, with Jefferies noting upgrades across its core businesses and reaffirming a 'buy' rating. The brokerage also raised the price target on the counter to Rs 4,500 from Rs 4,300.
IRCTC, Oil India, Info Edge, MRF Dividends: Last Day To Buy Shares To Qualify — Details Here
Shares of Indian Railway Catering and Tourism Corporation Ltd., Oil India Ltd., Info Edge (India) Ltd., and MRF Ltd. will be of interest on Thursday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Oil Falls On Ukraine Peace Plan As Russia Sanctions Set To Start
Oil pushed lower after Ukrainian President Volodymyr Zelenskiy agreed to work on a peace plan, just as US sanctions on two Russian oil giants are scheduled to take effect on Friday.
West Texas Intermediate dropped for a third session toward $58 a barrel, while Brent closed near $63 on Thursday.
Read the Bloomberg article to find more details.
Biocon Eyes Acceleration Phase As USFDA Draft Guidelines Open Door To Cheaper Biosimilars: Kiran Mazumdar-Shaw
Biocon is stepping into a decisive new phase in its evolution as a global biosimilars powerhouse, propelled by regulatory shifts in the US, fresh strategic partnerships, and a strengthened insulin and GLP-1 pipeline, executive chairperson Kiran Mazumdar-Shaw told The Economic Times.
She said the company is now uniquely positioned to accelerate growth, lighten its financial load, and scale deeper into the high-value biologics market.
Five Stocks To Buy: Axis Bank, Bharat Dynamics, Eicher Motors, KEI Industries, Tata Consumer Products
NDTV Profit curated these five stocks from recommendation of various brokerages for Friday's session. Analysts chose stocks from consumption, financial, defence, and broking spaces for Wednesday's session.
Check target prices and stop losses for the above mentioned stocks here.
Stocks To Watch Today: TCS, RCom, HG Infra, Hyundai Motor, JSW Energy, JK Tyre
Tata Consultancy Services Ltd., Reliance Communications Ltd., JSW Energy Ltd. and JK Tyre & Industries Ltd. are some of the stocks that will catch investors' attention on Friday.
Get more details here.
Asia Markets LIVE: Japan's Nikkei 225 Falls Over 2%
Japan's benchmark index, the Nikkei 225 fell over 2% on Friday as market participants braced themselves for the stimulus package announcement from the Prime Minister Sanae Takaichi.
The Nikkei 225 was trading 1.76% down at 48,942 as of 6:53 a.m.
Japan's 10-year government retreated from multi-year high in early trade. It was trading 1.79% as of 6:54 a.m. compared to 1.82% close level in the previous session.
LIVE: GIFT Nifty Hints At Negative Open; Hyundai, JSW Energy, TCS Shares In Focus
The GIFT Nifty was trading flat at 26,157, which implied 64 points lower open for the NSE Nifty 50 index.
Traders will keep an eye on Hyundai Motor India Ltd., JSW Energy Ltd., Tata Consultancy Services Ltd., IRB Infrastructure Developers Ltd. shares will be in focus because of the overnight newsflow.
The Nifty 50 convincingly pierced key resistance levels and steadily inched towards record highs. It closed 0.54% or 139.50 points higher at 26,192.15. The Sensex gained 0.52% or 446.21 to settle at 85,632.68.
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