Stock Market LIVE: Transformers & Rectifiers Shares Locked In Upper Circuit After Relief From World Bank
The shares of Transformers & Rectifiers India Ltd. were locked in upper circuit on Friday after the World Bank removed its name from the list of Debarred Firms and Individuals.
Apart from being removed from the list, the company has also been granted an extension for submitting its explanation in the sanctions case. The new deadline for the submission has been set as Jan. 12, 2026, the company said in an exchange filing.
IPO News: Pine Labs Lists At Nearly 10% Premium On Exchanges
Pine Labs Ltd. debuted in the secondary market with nearly 10% premium. It was listed at Rs 242 apiece on National Stock Exchange, which implies a premium of 9.5%.
Pine Labs was listed on BSE Ltd. at Rs 242 apiece, which indicates a premium of 242 apiece.
Stock Market LIVE: Muthoot Finance Shares Hit Life High After Q2 Profit Nearly Doubles
Muthoot Finance shares surged almost 10% on Friday after the lender's standalone net profit nearly doubles year-on-year. Additionally, the sharp jump in earnings, powered by robust growth in the gold loan portfolio and expanding margins, has prompted major brokerages to lift their price targets and reiterate bullish views.
Experts' View: No Major Move Expected In Markets Due To Election, Vikas Khemani Says
There is unlikely any major movement in the markets due to Bihar election results.
The second half will be better for the markets compared to the first half.
The second half of the financial year will be strong from an earnings point of view.
Khemani is not worried about the earnings slowdown
He believed IT stocks will do well in the next 12 months
Source: Vikas Khemani, Founder and CIO Carnelian AMC
Track live updates on Bihar Election Results here.
Sectoral Performance At Open: Nifty IT Stumbles The Most
On National Stock Exchange, nine sectoral indices declined, six advanced out of 15.
Nifty Detractors: HDFC Bank, ICICI Bank, ITC Shares Weigh
HDFC Bank Ltd., ICICI Bank Ltd., ITC Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd. weighed on the NSE Nifty 50 index.
Bharat Electronics Ltd., State Bank of India, Trent Ltd., Adani Enterprises Ltd., and Adani Ports and Special Economic Zone Ltd. limited losses the NSE Nifty 50 index.
Markets At Open: Nifty, Sensex Open Lower As Bihar Election Results Show Tight Fight Between BJP And RJD
The NSE Nifty 50 and BSE Sensex opened lower as the Bihar Election Results showed a tight fight between Bharatiya Janata Party and the Rashtriya Janata Dal. Market participants will monitor any sign of major drawback for BJP, a party that runs the central government, for a potential threat of political instability.
Moreover, global equities declined on fear of technology stocks' valuations, which also weighed.
Stock Market LVIE: Nifty, Sensex Fall At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.43% down at 25,767.90, and the BSE Sensex was trading 0.50% down at 84,057.77.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.48%
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee opened 5 paise weaker at 88.72 against US Dollar
It closed at 88.67 a dollar on Wednesday
Source: Bloomberg
Stock Market Today: Macquarie Projects 35% Upside Potential For Lemon Tree Post Q2 Results
Macquarie believed the performance of Lemon Tree Hotels' during July–September, but the outlook for the company looks better. The brokerage raised the target price to Rs 210, which indicated 35% upside from Thursday's close price.
Stock Market News: Coromandel International To Invest Rs 2,000 Crore With Andra Pradesh Economic Development Board
Coromandel International signed a Memorandum of Understanding up to Rs 2,000 crore investment with Andhra Pradesh Economic Development Board. It is a non-binding MoU for industrial development in Andhra Pradesh, the company said in the exchange filing.
Asia Markets LIVE: South Korea's KOSPI Falls Over 2%
Asian markets declined sharply Friday morning following losses on Wall Street overnight. Concerns about technology stocks' valuations and US Federal Reserve's policy outlook weighed.
South Korea's KOSPI and Japan's Nikkei 225 were trading 2.39% and 1.52% down, respectively as of 7:43 a.m.
Stock Market LIVE: GIFT Nifty Hints At Negative Open; Apollo Tyres, Tata Motors, Concord Biotech In Focus
The GIFT Nifty was trading 0.09% or 22.50 points higher at 25,848.50 as of 7:05 a.m. The November Future contract of GIFT Nifty, which usually provides cue for open of NSE Nifty 50, is recovering from a straight two sessions of loss on Friday morning.
However, the NSE Nifty 50 is expected to open in red tracking the loss in global equities.
Traders will keep an eye on Voltas, Tega Industries, Muthoot Finance, Vishal Megamart, Jubilant FoodWorks, Tata Motors because of the second-quarter results.
The NSE Nifty 50 Index erased gains from the day's high and ended flat at 25,879.15, seeing an uptick of 0.01% or 3.35 points. Top Nifty gainers include Asian Paints Ltd. and Hindalco Ltd., whereas Eternal, Mahindra & Mahindra Ltd. and Oil & Natural Gas Corp. fell the most.
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