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Nifty close lower for the third day in a row.
Benchmarks outperformed Broader Market indices
Indigo and Eternal are the top losers in Nifty
Broader Market indices close lower.
Dixon Tech and BSE are the top losers in Nifty Midcap 150
Sectoral indices close on a mixed note
Nifty IT emerges as the top losing sector for the day; Persistent Systems and Coforge are the top losers in Nifty IT
Nifty Oil and Gas snaps two day losing streak
Nifty Auto, Financials, IT and Bank fall for the 3rd day in a row
Nifty Pharma snaps 3-day losing streak
Nifty Pharma snaps 2-day losing streak
Nifty FMCG fall for the 4th consecutive day
Nifty Media gains for the 2nd gaining trade
Rupee closed around 9 paise weaker at 89.97 against US Dollar.
It closed at 89.88 a dollar on Tuesday.
Source: Bloomberg
Meesho Ltd. is reinforcing its long-term strategy to scale without compromising efficiency or shareholder value, believes the management. Chief Financial Officer Dhiresh Bansal said the company will continue investing behind growth while staying true to its mission of democratising e-commerce for everyone.
Click the story below for the full take of this CFO:
State Bank of India's (SBI) managing director Ashwini Kumar Tewari on Wednesday expressed concerns over Account Aggregator's mechanism of obtaining a single consent from customers for all financial services products.
Read the full story below:
AIA Engineering shares have slipped 2.73% to Rs 3,695 apiece on the NSE as of 3:01 p.m. This comes after an arm of the company completed acquisition of 70% stake in Australia-Based VEGA MPS. The arm has bought an additional 14% stake in VEGA MPS for 5.6 million Australian dollar, according to the company's exchange filing.
AIA Engineering shares have slipped 2.73% to Rs 3,695 apiece on the NSE as of 3:01 p.m. This comes after an arm of the company completed acquisition of 70% stake in Australia-Based VEGA MPS. The arm has bought an additional 14% stake in VEGA MPS for 5.6 million Australian dollar, according to the company's exchange filing.
Vikas Khemani, founder and chief investment officer of Carnelian Asset Management and Advisors, said he reviewed the companies preparing to launch their initial public offering (IPOs) with several investment bankers and found little to excite investors.
Read the full story below:
As the final hour of trade for the day kicks off, the Nifty 50 is lead by names like Eicher Motors and Hindalco leading with over 1% gains. While HDFC Life, Tata Steel and SBI life are also trading in the green.
The top laggard as of 2:30 p.m. is InterGlobe Aviation Ltd., which is due to the massive cancellations and cabin crew crunch that the company is experiencing. Eternal, Jio Finance is also trading in the red.
As the final hour of trade for the day kicks off, the Nifty 50 is lead by names like Eicher Motors and Hindalco leading with over 1% gains. While HDFC Life, Tata Steel and SBI life are also trading in the green.
The top laggard as of 2:30 p.m. is InterGlobe Aviation Ltd., which is due to the massive cancellations and cabin crew crunch that the company is experiencing. Eternal, Jio Finance is also trading in the red.
Kaynes Technology India Executive Vice Chairman Ramesh Kunhikannan spoke to NDTV Profit. Here are the key highlights from the conversation:
We are concentrating on our job
Very confident that the street will understand
Not aware of any large Institutional Investors exiting
Very confident on our promises to market and we will deliver it.
Shares of Kaynes Tech fell as low as 10% to Rs 3,898 apiece on Wednesday, and are currently trading nearly 9% lower at Rs 3,944 per share.
Shares of Kaynes Tech fell as low as 10% to Rs 3,898 apiece on Wednesday, and are currently trading nearly 9% lower at Rs 3,944 per share.
On Dec. 8, IndiGo's OTP was 85%
IndiGo second best performing airline in terms of OTP
Source: MoCA
Indigo to present comprehensive data
Data to provide relevant updates to the recent operational disruptions
IndiGo been instructed to submit the complete report and appear DGCA on 11 December 2024 at 1500 hours
Source: DGCA
Shares of Meesho Ltd. have surged nearly 60% in listing day trade, after listing at a 46% premium.
Shares of Meesho Ltd. have surged nearly 60% in listing day trade, after listing at a 46% premium.
Patanjali sees 1 million shares change hands in a block deal on Wednesday. The company's share price is trading 1.47% lower at Rs 531.05 apiece.
“The Bank’s Chairman and the Board remain fully committed to leading the organisation in line with its strategic priorities. The Bank will continue to make necessary disclosures in accordance with applicable laws and at the appropriate stage,” said the bank.
IndusInd Bank
Sunil Mehta to not seek reappointment after his tenure ends in January 2026
Mehta is non-executive chairman of IndusInd Bank
Mehta declined to comment
Alert: Mehta ran the bank during the management transition between April and August 2025
Sources To NDTV Profit
According to market veteran Manish Sonthalia of Emkay Investment Managers, Zomato is the only player in the space that has got the 'unit economics right', which is a very important aspect for these companies.
Swiggy QIP closes as it gets fully subscribed.
SpiceJet Ltd.'s stock soared nearly 5% on Wednesday, extending its recent rally amid strong demand and operational ramp-up plans. The company’s stock has risen nearly 10% in five days and 1.4% in a month.
The rally in Spicejet's share price also follows a recent meltdown faced by IndiGo flights nationwide.
SpiceJet Ltd.'s stock soared nearly 5% on Wednesday, extending its recent rally amid strong demand and operational ramp-up plans. The company’s stock has risen nearly 10% in five days and 1.4% in a month.
The rally in Spicejet's share price also follows a recent meltdown faced by IndiGo flights nationwide.
Ashok Leyland sees 2.5 million shares traded in a block deal on Wednesday. Shares of the company are down 0.33% at Rs 159.05 apiece.
Ashok Leyland sees 2.5 million shares traded in a block deal on Wednesday. Shares of the company are down 0.33% at Rs 159.05 apiece.
Gets LoA from NALCO for Bauxite mines
Gets NALCO EPC tender worth Rs 1,750 crore for 3 years
Gets 22-Year mining contract worth Rs 3,250 crore from NALCO
Source: Exchange Filing
The Nifty Metals index leads the sectoral rally on Wednesday, trading 0.98% higher as compared to a 0.37% uptick in the benchmark Nifty 50.
The Nifty Metals index leads the sectoral rally on Wednesday, trading 0.98% higher as compared to a 0.37% uptick in the benchmark Nifty 50.
SpiceJet plans to introduce up to 100 additional daily flights during the current winter schedule, subject to regulatory approvals
Focus in the current schedule period is to add several more aircraft, maximise aircraft utilisation and strengthen connectivity through better planning
Source: Statement
Siemens International Holding to buy 1% stake for Rs 1,141 crore
Siemens International to acquire 36 lakh shares at Rs 3,203.37 apiece
Siemens International to buy stake on or after Dec 17
Source: Exchange Filing
Siemens International Holding to buy 1% stake for Rs 1,141 crore
Siemens International to acquire 36 lakh shares at Rs 3,203.37 apiece
Siemens International to buy stake on or after Dec 17
Source: Exchange Filing
Sonal Varma, Chief Economist, Nomura to NDTV Profit:
Overall economic numbers have been better despite US Tariffs
Q2 GDP numbers are being amplified by low deflators and we estimate GDP Growth for 2025 at 7.5%
We forecast 2026 GDP Growth of 6.9%
Adds IndiGo to Focus List
Current challenges will be partially offset through yield improvements
Despite near-term headwinds, the long term growth story remains intact
Oil India has 1.46 million shares traded in a block trade on Wednesday. Shares of the company are down 0.49% at Rs 399.95 apiece.
Oil India has 1.46 million shares traded in a block trade on Wednesday. Shares of the company are down 0.49% at Rs 399.95 apiece.
SEPC is to receive Rs 30.4 crore as part of settlement deed with Hindustan Copper. The company will also get a supplementary order worth Rs 72.5 crore.
Source: Exchange Filing
Shares of online marketplace Meesho Ltd. listed on the National Stock Exchange at Rs 162.50 per share, marking a premium of 46.40% over their IPO price.
The company's stock listed at Rs 161.20 on the BSE, debuting at a 45.23% premium.
Kalpataru receives Rs 2,003 crore orders in buildings & factories, power transmission & distribution businesses.
Source: Exchange Filing
Maintains 'reduce', cuts target price to Rs 4,150 from Rs 6,180
Certain aspects with respect to intangible accounting and elevated working capital still remain unclear
FY2026 guidance at risk
Believe generation of positive OCF in FY26, improvement in internal controls and timely execution of PCB and OSAT expansion will be crucial
The Nifty and Sensex opened largely flat on Wednesday. The Nifty 50 was up 0.06% in early trade, but the Sensex saw no movement.
The Nifty and Sensex opened largely flat on Wednesday. The Nifty 50 was up 0.06% in early trade, but the Sensex saw no movement.
Adani Green Energy has 1.7% of equity trade hands in 15 block trades on Wednesday.
Source: Bloomberg
Federal Reserve officials are primed to deliver a third consecutive interest-rate cut on Wednesday, but the streak may end there.
Concerns around lingering inflation have generated a deep division within the US central bank, likely preventing Fed Chair Jerome Powell from signaling any further moves early next year.
Read the whole story by clicking the link below.
Citi said that while operations are gradually improving, full normalisation — defined as 2,200–2,300 daily flights — may still take time.
Check the new target price and upside potential by clicking the link below.
Block deal by Total Energies today
Block Size – 24.7 million shares, i.e., 1.5% of equity
Offer Size – Rs 2,400 crore
Price – Rs 970 – 2.9% discount to CMP
Lock-up – 60 days
Jefferies India sole banker to the deal
Sources to NDTV Profit
Vintage Coffee signs MoU with Telangana Govt for setting up coffee plant. The company's arm Vintage Coffee is to set up Premium Freeze-Dried Coffee plant in Telangana.
Source: Exchange Filing
NSE Sustainability independently assigns ESG rating of 77
NSE Sustainability voluntarily issued report solely based disclosures for FY25, publicly available data
Alert: NSE Sustainability is a subsidiary of NSE Indices
Source: Exchange Filing
Gold prices in India was trading flat at Rs 1,30,300 and silver gained at Rs 1,87,880 on Wednesday, according to the India Bullion Association. Moreover, silver in the spot market gained to trade at $61.18.
Asian stocks crept higher in early trade following a sluggish session on Wall Street as investors awaited clues on the Federal Reserve’s policy path in its final interest-rate decision of the year.
Benchmark share indexes in Australia and Japan both nudged higher, while US equity futures were little changed after the S&P 500 closed almost flat on Tuesday. A gauge of US-listed Chinese stocks fell 1.4% following a lack of stimulus signals from a meeting of top Communist Party leaders.
Source: Bloomberg
JSW Energy: The company’s board to meet on Dec. 12 to consider raising funds via equity.
InterGlobe Aviation: The government ordered a 10% curtailment of the company’s operations; the company received a penalty of Rs 13.2 Cr from Kuwait’s tax authority; it believes the demand is erroneous and plans legal recourse.
Swiggy: The company opens its Qualified Institutions Placement and approves a floor price of Rs 390.51 per share; QIP of up to Rs 10,000 crore and the indicative offer price is set at Rs 371 per share.
Meesho: The company's shares will debut on the stock exchange on Wednesday at an issue price of Rs 111 apiece.
The GIFT Nifty is trading marginally lower at 25,900.50 at 07:00 a.m, indicating a flat to negative open for the benchmark index. Market participants await for the outcome of the US Federal Reserve policy meeting outcome.
The Nifty 50 declined 120.90 points or 0.47% to settle at 25,839.65 on Tuesday. Intraday, it dropped 0.90% to a low of 25,728. The Sensex declined 0.51% to close at 84,666.28.
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