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It's a wrap for this week's real-time market coverage. This blog is closed.
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Rupee weakened 16 paise to 89.47 against US Dollar
Intraday, it hit a record low of 89.49 a dollar
It closed at 89.31 a dollar on Thursday
Source: Bloomberg
Nifty closed at 26,200 mark
Nifty top gainers include Mahindra & Mahindra Ltd. and Sun Pharma
Broader markets end on similar note as benchmark
Nifty midcap 150 , top gainers include SRF and poonawala fincorp
Nifty smallcap 250 , top gainers include Welspun living and MOSFL
All sectoral indices end on mixed note
Nifty auto remained the top sectoral gainer , top gainers include M&M and Exide industries
Nifty oil and gas remained the top sectoral losers , top losers include GAIL and GSPL
Nifty oil and gas , Nifty realty , Nifty energy fell for second consecutive session
Nifty pharma gains for fourth consecutive session
Nifty banks gains for third consecutive session
Nifty financials snaps two day gaining streak
Nifty closed at 26,200 mark
Nifty top gainers include Mahindra & Mahindra Ltd. and Sun Pharma
Broader markets end on similar note as benchmark
Nifty midcap 150 , top gainers include SRF and poonawala fincorp
Nifty smallcap 250 , top gainers include Welspun living and MOSFL
All sectoral indices end on mixed note
Nifty auto remained the top sectoral gainer , top gainers include M&M and Exide industries
Nifty oil and gas remained the top sectoral losers , top losers include GAIL and GSPL
Nifty oil and gas , Nifty realty , Nifty energy fell for second consecutive session
Nifty pharma gains for fourth consecutive session
Nifty banks gains for third consecutive session
Nifty financials snaps two day gaining streak
Rupee weakened 18 paise to record low of 89.49 against US Dollar
It closed at 89.31 a dollar on Thursday
Source: Bloomberg
Nuvama Institutional Equities believed that Canara Bank Ltd. and Punjab National Bank have the potential to report 30–35% gains in the bull case scenario, according Manav Chopra, executive director, technicals. The brokerage is highly constructive on public-sector banking space, in which Canara Bank and Punjab National Bank are the top choices.
Influencer Akshat Shrivastava has raised concerns over an emerging trend that is expected to significantly impact India’s economic future. In a post on X, he said that more and more rich Indians are exploring the option of moving out of the country due to multiple factors.
“I can’t tell you how many rich Indians reach out to me privately regarding moving out of India,” he wrote, claiming that the motivation is no longer only the high taxation in India.
As Whirlpool Corporation offloads another 11.2% stake in its Indian subsidiary, Whirlpool of India, brokerage firm Axis Capital has turned bearish on the counter.
Axis Capital has a 'sell' call on Whirlpool of India with a target price of Rs 897 apiece, implying a 16% downside from its current levels.
The parent company had earlier announced that it intends to reduce its holding in Whirlpool India from 51% to 20% through a private sale, with proceeds expected to be used for debt repayment.
Fitch Ratings do not see major hit on margins of It companies, given lower dependence on H-1B Visa.
IT companies under coverage seen adapting quickly to US immigration changes.
Uncertain macroeconomic environment remains key challenge for IT sector
Outlook on Indian IT sector is 'Neutral'
New H-1B visa fee expected to raise cost of onsite staffing or subcontracting
Source: Informist
Adani Enterprises Ltd.'s arm completed divestment of entire stake in PT Adani Global (Indonesia), the company said in the exchange filing.
Concord Control Systems will raise funds worth Rs 50.1 crore via preferential issue of 2.4 lakh shares, the company said in the exchange filing.
ICICI Prudential Life Insurance raised funds worth Rs 1,195 crore via debentures, the company said in the exchange filing.
Avaada Group is planning an investment of Rs 1 lakh crore in different parts of the country over the next five years to help expand into power generation and associated businesses.
The renewables firm's solar photovoltaic manufacturing arm has filed documents with the regulator for its first share sale to the public, the group Chairman Vineet Mittal announced to reporters in Mumbai.
NSE Managing Director and Chief Executive Ashishkumar Chauhan received the One World One Family Global Leadership Award on Thursday at the exchange’s headquarters. The award recognises individuals who show ethical leadership and support innovation that leads to positive outcomes.
Yatharth Hospital And Trauma Care Services share price plunged 8.72% to Rs 704.65 apiece. Its 4.4 lakh shares change hands at Rs 720 apiece via block deal. Sources indicate that promoter has sold stake
Yatharth Hospital And Trauma Care Services share price plunged 8.72% to Rs 704.65 apiece. Its 4.4 lakh shares change hands at Rs 720 apiece via block deal. Sources indicate that promoter has sold stake
Whirlpool of India Ltd. share price started to recover in Friday's session. The stock price plunged over 12% in the previous session.
Share price of appliance maker Whirlpool of India Ltd. took a hit in early trade on Thursday after the execution of a block deal worth Rs 1,000 crore, as per Bloomberg data.
Whirlpool Corp. offloaded 15 million shares of the company through large deals on Thursday. Whirlpool Mauritius Ltd., the promoter entity, was expected to offer up to 9.5 million shares at a floor price of Rs 1,030 per share for the block deal, according to the termsheet. The deal was priced at a 14.2% discount to last closing price on the NSE.
Whirlpool of India Ltd. share price started to recover in Friday's session. The stock price plunged over 12% in the previous session.
Share price of appliance maker Whirlpool of India Ltd. took a hit in early trade on Thursday after the execution of a block deal worth Rs 1,000 crore, as per Bloomberg data.
Whirlpool Corp. offloaded 15 million shares of the company through large deals on Thursday. Whirlpool Mauritius Ltd., the promoter entity, was expected to offer up to 9.5 million shares at a floor price of Rs 1,030 per share for the block deal, according to the termsheet. The deal was priced at a 14.2% discount to last closing price on the NSE.
Unicommerce eSolutions partnered with Himalaya Wellness to simplify its e-commerce operations and boost omni channel growth.
Platform 'Uniware' will integrate Himalaya Wellness Warehouse and Retail Management Systems.
Quant Mutual Fund Founder Sandeep Tandon expects that the Indian rupee's depreciating cycle against the US dollar will soon peak out. He sees the Indian currency gaining against the greenback from here on.
According to Tandon, the rupee will settle somewhere near 90-a-dollar mark in the near future.
GAIL's share price saw a steep drop of over 6% in early trade on Friday, as the Petroleum and Natural Gas Regulatory Board has completed its review and approved GAIL’s integrated pipeline tariff.
Against GAIL’s claimed tariff of Rs 77.98 per mmbtu, PNGRB has set the tariff at Rs 65.69 per mmbtu.
E-commerce platform Meesho Ltd. is set to launch its much-awaited initial public offering (IPO) on Dec. 3. The Bengaluru-based online marketplace competes with companies like Amazon and Flipkart to sell a range of products.
Within a decade of its launch, Meesho has turned into a household name in India, giving consumers access to a wide range of affordable products while offering sellers a low-cost platform to grow their businesses.
Hindustan Aeronautics Ltd. Chairman and Managing Director DK Sunil denied any problem with the Tejas Aircraft while he was speaking at World Security Summit, ANI reported. His remarks came a week after a Tejas crashed at Dubai Air show and claimed the life of an Indian Air Force Officer.
Tejas, a light combat, single-seater aircraft, is absolutely safe with the best safety records in the world. "What you saw in Dubai was an unfortunate incident. It will have no impact on the future of Tejas," Sunil said.
The shares of Reliance Industries hit over 16-month high on Friday after Jefferies hiked the target price to Rs 1,785 from Rs 1,780 apiece, noting improved earnings.
The shares of Reliance Industries hit over 16-month high on Friday after Jefferies hiked the target price to Rs 1,785 from Rs 1,780 apiece, noting improved earnings.
India's buzzing primary market is set to close 2025 on a record note, with several companies expected to float their initial public offerings in December. Among the notable companies set to open their IPOs are aero-engine components maker Aequs Ltd., e-commerce platform Meesho Ltd., and renewable firm Juniper Green Energy Ltd.
Read the full articile here.
Sudeep Pharma Ltd. listed on the National Stock Exchange on Friday at Rs 730 apiece, a premium of 23% over its issue price of Rs 593 apiece.
On the BSE, the stock debuted at Rs 733.95, a 23.8% premium.
Avaada Group is planning an investment of Rs 1 lakh crore in different parts of the country over the next five years to help expand into power generation and associated businesses.
The renewables firm's solar photovoltaic manufacturing arm has filed documents with the regulator for its first share sale to the public, the group Chairman Vineet Mittal announced to reporters in Mumbai.
The group, which has around 6,000 employees at present, is looking to hire 10,000 people over the next three years as it expands, Mittal said.
On National Stock Exchange, eight sectoral indices advanced, five declined, and two remained flat out of 15.
On National Stock Exchange, eight sectoral indices advanced, five declined, and two remained flat out of 15.
The NSE Nifty 50 and BSE Sensex declined after a muted open as ICICI Bank Ltd. and HDFC Bank Ltd. shares weighed. The Nifty was 0.08% higher while the Sensex was 0.07% down as of 9:21 a.m.
The NSE Nifty 50 and BSE Sensex declined after a muted open as ICICI Bank Ltd. and HDFC Bank Ltd. shares weighed. The Nifty was 0.08% higher while the Sensex was 0.07% down as of 9:21 a.m.
Rupee opened 11 paise weaker at 89.42 against US Dollar
It closed at 89.31 a dollar on Thursday
Source: Bloomberg
Ashoka Buildcon acquired balanced CCDs of Ashoka Concessions at Rs 667 crore. Ashoka Concessions now a wholly-owned subsidiary, the company said in the exchange filing.
Jefferies retained Buy rating on Reliance Industries Ltd. and hiked the target price to Rs 1,785 from Rs 1,780 apiece. The current target price implies an upside potential of 16% from Thursday's close price.
The stock is still trading below mean long-term enterprise value and Ebitda, which is keeping the risk-reward ratio of Reliance Industries favourable, Jefferies said.
Jefferies has initiated coverage on Lenskart, India’s largest tech-driven eyewear retailer, highlighting its strong long-term potential despite currently holding just 5% market share. The brokerage initiated coverage on the stock with a 'buy' call, at a price target of Rs 500 apiece.
The firm believes Lenskart’s vertically integrated, omni-channel model spanning design, manufacturing, and retail gives it significant cost advantages, faster delivery capabilities, and a superior customer experience.
NDTV Profit brought five stock recommendations from various brokerages and analysts for Friday's session. Stocks from metals, financials, media, and auto component manufacturing segments made it to stock recommendation list for Friday.
Check the full article here.
Aequs India on Friday announced the price band for its upcoming initial public offering. The IPO will open for subscription on Dec. 3 and close on Dec. 5.
Price band for the IPO has been set at Rs 118 - Rs 124 per share, according to the company statement.
India’s economy and financial markets are sending conflicting signals about the growth outlook, complicating policymakers’ efforts to support activity as high US tariffs weigh on prospects.
Gross domestic product likely expanded at a rapid pace of more than 7% last quarter, yet inflation is at a record low of under 1%, largely because of a collapse in food prices. The rupee has plunged to an all-time low of about 90 to the dollar, while the stock market is soaring. Imports surged last month after the government cut taxes, but exports have plummeted.
Read the full article here.
The GIFT Nifty was trading flat at 26,421 as of 6:53 a.m., which implied flat open with a positive bias.
Traders will keep an eye on Container Corp of India, Whirlpool of India Ltd., and Wipro India Ltd. shares prices.
Nifty settled above 26,200 mark on Wednesday, just 72 points away from a record-high. The benchmark also recorded the biggest intraday gain since 26 June 2025, while broader market indices gained for a second consecutive session.
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