Scan to Download
The broader market indices outperformed their larger peers, with the mid-caps and small-caps gauges gaining 0.10% and 0.25%, respectively. The large-cap index mirrored its larger peers and remained unchanged.
Of the 19 sectoral indices compiled by BSE Ltd., 11 advanced, while eight declined.
The market breadth was skewed in favour of the bulls. About 2,121 stocks rose, 1,467 declined and 206 remained unchanged.
Gold lending has been a business with supernormal ROE but low growth – and competition from banks is rising. Diversification is the way out, and Overweight-rated Manappuram looks better positioned than Muthoot both cyclically and structurally. Valuation multiples are also attractive for Manappuram.Morgan Stanley
Shriram Transport Finance and Shriram City Union Finance will merge to form Shriram Finance
Shriram Finance to have AUM of Rs 1.71 lakh crore
The company will have a networth of Rs 40,900 crore, with over 6.7 million customers
The company will focus on the self-employed and MSMEs
This merger is the result of a three year long discussion, says Umesh Revankar, executive VC, Shriram Finance.
Shriram Finance now has a wide variety of products and services to offer to its customers.
MSMEs are 29% of GDP and estimated to have 63 million enterprises.
We are already the largest in commercial vehicle and two wheeler financing, will continue growing these businesses.
Source: Shriram Finance Statement, Press Briefing
Among Nifty 50 stocks, 13 stocks and 37 stocks declined. Hindalco Industries Ltd, Tata Steel Ltd, UPL, ONGC and JSW Steel were the top gainers. Whereas, Adani Enterprises, Tata Motors Ltd, Tech M<hindra Ltd, Britannia and Ultratech Cement were the top Nifty 50 losers.
The broader indices outperformed their larger peers, with the mid-cap gaining 0.06% while small-cap rising by 0.59% in trade. The large-cap index was largely in-line with its larger peers, losing 0.25%.
Fourteen out of the 20 sectoral measures complied by BSE Ltd. declined, with S&P BSE Information technology losing the most over 0.54%.
About 2,122 stocks rose, 1,330 fell and 197 remained unchanged on the BSE.
Source: Bloomberg, Exchanges
Services PMI rose to 56.4 in November, from 55.1 in October
Business activity and sales rose at faster rate, while input costs markedly increased.
Source: S&P Global India
Go First enters into an exclusive general sales agreement with EaseMyTrip in Saudi Arabia.
EaseMyTrip will be an official distributor, promoter, and marketer for passenger tickets in Saudi Arabia.
The three-year exclusive partnership deal eanbles both brands to expand their service range.
Source: Exchanges
LTIMindtree - Fast Growing, Diversified, And With Better Margin Defence: Anand Rathi
The broader market indices outperformed their larger peers, with the mid-cap and small-cap gaining 0.25% and 0.44%, respectively.
Out of the 19 sectoral indices compiled by BSE Ltd., Fifteen advanced whereas 4 declined, with S&P BSE Metal gaining the most at 1.24%.
The market breadth is skewed in favour of bulls. About 1,750 stocks rose, 642 declined and 193 remained unchanged.
LTIMindtree Lists On Dec. 5: All You Need To Know About Fractional Entitlement
Asian Equities Boosted by China Reopening Bets: Markets Wrap
Oil Jumps As China Loosens Curbs And OPEC+ Keeps Output Steady
How These Mutual Fund Managers Churned Their Portfolio Amid Volatility
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
