Stock Market LIVE: Nifty, Sensex Trade Lower As RIL, HDFC Bank Shares Weigh
The Nifty 50 and Sensex were trading 0.47% and 0.48% down, respectively as of 10:42 a.m. Follow the blog for updates on stock price movements, latest stock market news, and analysts' view.
KEY HIGHLIGHTS
Stock Market LIVE: Tata Communications In Pact With NiCE For AI-Powered Customer Engagement
Tata Communications Ltd. is in pact with NiCE for AI-powered customer engagement. The company will accelerate digital transformation for customer service operations in pact with NiCE, the company said in the exchange filing.
IPO News: Orkla India IPO Fully Subscribed On Day Two
Qualified Institutional Buyers (QIBs): 2%
Non Institutional Investors (NIIS): 2.5 times
Retail Individual Investors: 118%
Employee Reserved: 4.2 times
Source: BSE
Global Cues: US Reduces Tariffs On China By 10%
The US President Donald Trump said that the tariffs on China is being reduced by 10%.
The tariffs on Fentanyl Flow Resolution stands at 47% comapred to 57% earlier, Trump said.
China will invest in the US to build artificial intelligence and other fronts, he said
Stock Market Today: Macquarie On Hindalco Industries
Macquarie downgraded to 'Neutral' from outperform. The target price is at Rs 876 apiece.
Hindalco Industries has a mix of global downstream and India upstream expandsion.
Recent stock performance caps upside, prompting downgrade to Neutral
Stock Market LIVE: Varun Beverages Shares In Focus As Brokerages Offer Mixed Views
Shares of Varun Beverages Ltd. remain in sharp focus on Thursday, a day after the company reported in-line September quarter results and most importantly, announced a major strategic move into the alcoholic beverage segment.
Brokerages have offered mixed views on Varun Beverages following the company's earnings reports and entry into the alco-bev business.
