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Bears continued to dominate the market, dragging Nifty 50 and Bank Nifty lower, resulting in weekly losses of 2.5% and 2.7%, respectively. Nifty futures broke key support at 24,000, with further declines expected towards 23,000-23,100, while Bank Nifty faces downside risk toward 49,500-49,000. Both indices show increased short positions, signaling a bearish sentiment, with resistance levels ahead at 24,500 for Nifty and 51,000 for Bank Nifty.

Investors are grappling with heightened volatility due to the Middle East crisis, creating both risks and opportunities in stock markets.

Morgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage firm remains bullish on Zomato due to its strong execution in food delivery and quick commerce, deep balance sheet, and potential for a large profit pool by 2030.

BNP Paribas Multi Cap Fundhas achieved a return of 40.29% in the past year and 15.95% gains since its inception approximately 21 years ago.

Vivek Ramaswamy announced a sweeping plan to reduce federal government jobs in the US, aiming to streamline the bureaucratic

The new scheme by ICICI Prudential Mutual Fund aims to create a well-diversified equity portfolio that prioritizes reducing volatility in comparison to the Nifty 50 TRI benchmark index.

Indian IT services are poised for growth, fueled by a favorable US business environment and rising technology spending. Despite past immigration challenges, the sector adapted, and with anticipated tax cuts and increased investments in healthcare and banking, companies like Coforge and HCL Technologies are well-positioned to lead.

Indian Startup Funding: This week, Indian startup funding stood at $185.8 Mn via 21 deals, 49% increase from last week

Fresh KYC should be done for PM Jan Dhan accounts completing 10 years. M. Nagaraju said, “The PMJDY was launched in 2014 and approximately 10.5 crore PMJDY accounts were opened in mission mode during the period August, 2014 to December 2014. These PMJDY accounts are becoming due for periodic updation or re-KYC now after 10 years.” Which accounts are eligible for re-KYC?

FDs play a crucial role in the financial planning of many individuals in India, offering stable and predictable investment returns. It is estimated that fixed-income investments make up around 70% of all investment assets in India.

Gold prices experienced a third consecutive week of decline, hitting a two-month low near $2,540.

Vodafone Idea: On Thursday, Vi's CEO Akshaya Moondra said banks now want clarity from the government on any potential relief on the company's substantial AGR dues as well as prospects of a waiver of bank guarantees (BGs), before lending.

India Business News: MUMBAI: Reliance Communications informed stock exchanges that Canara Bank has classified the company and its subsidiary, Reliance Telecom, as fraud ac.

Vodafone Idea's financial turnaround is in jeopardy as its ₹25,000 crore debt-funding plan faces delays following the Supreme Court's AGR ruling. The delay raises concerns about Vi's ability to invest in 4G and 5G expansion, crucial for competing with rivals Jio and Airtel. Analysts predict government intervention, including converting dues into equity, to prevent the telco's collapse.

Foodtech major Swiggy has appointed former Lenskart executive Supriya Shankar as vice president of its events and experience vertical.

Reliance Communications: Canara Bank claims that reasons for classifying the accounts as fraud were non-utilization of funds as per sanctioned terms and inter-company transactions to pay other debts. “Loans availed were also invested in mutual funds and fixed assets and the same were liquidated to make payments to related and non-related parties,” the bank said.

India Business News: India's market regulator, Sebi, has ordered Big Entertainment to pay a Rs 26 crore fine for failing to settle previous penalties related to illegal fu

To foster reliable supply chain partnerships, establish a hub where suppliers can actively contribute ideas for process improvements and co-develop solutions.

The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to be less exposed to trade risks, and upgraded the top oil exporter to

Zomato share price: Zomato's stock has rallied around 117 per cent in 2024 so far compared to a little over 7 per cent rise in benchmark BSE Sensex.

Sebi recently issued a circular allowing Indian mutual funds to invest in foreign mutual funds or unit trusts that have exposure to Indian stocks, with a cap of 25 percent of the total asset size.

Jio Financial Services is set to join the F&O segment, marking a significant development in the Indian financial market.

EMERGING-MARKETS/:EMERGING MARKETS-Stocks, FX to end week lower; Sri Lankan bonds rise after elections

From India’s forex reserves down from peak to Sri Lanka election results to the ICC Champions Trophy Row to Ajit Pawar vs Devendra Fadnavis in Maharashtra, here are today’s top stories.

Pune (Maharashtra) [India], November 15: Gold has always been a prized possession in Indian households. Often passed on as family heirlooms, gold has religious, spiritual, and sentimental value. This yellow metal is so versatile that, apart from being revered as jewellery, it also serves as a valuable financial asset.

Sensex and Nifty hit record highs, but plunge over 10% due to FII sell-off, weak earnings, and high valuations.

Government cuts domestic gas supply to CNG retailers, impacting profitability; retailers explore options to address issue.

HYDERABAD, India, Nov. 15, 2024 /PRNewswire/ -- Cyient, a global Intelligent Engineering services company, today announced the expansion of its partnership with Allegro MicroSystems, Inc. ('Allegro MicroSystems') (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India.

Canara Bank has declared loans given to Reliance Communications and its unit as fraudulent. The bank alleged the Anil Ambani-promoted company misappropriated Rs 1,050 crore by diverting funds for purposes other than sanctioned. Reliance Communications refuted the allegations, stating the loans were taken before insolvency proceedings began and are protected under insolvency laws.

Ola Electric is under examination after the Central Consumer Protection Authority (CCPA) requested a probe into more than 10,000 consumer

Reliance Industries—controlled by India’s richest person, Mukesh Ambani—and Walt Disney Co. have completed merging their Indian media assets, creating India’s largest entertainment company valued at $8.5 billion.

Jefferies noted that Q2 volumes grew 18 per cent for M&M but declined 2-9 per cent YoY for Maruti Suzuki India, Tata Motors, and Hyundai Motor India.

The dispute pertained to delayed delivery of pipes by SAW Pipes Ltd, now Jindal Saw Ltd, to Gas Authority of India Ltd (GAIL).

Citigroup predicts impact of Trump's trade policies on global growth, upgrades Saudi Arabia, downgrades India, and forecasts market trends.

Tata Motors shares slipped 1.55 per cent on Thursday to settle at Rs 774.25. At this closing price, the stock has declined 34.33 per cent from its all-time high of Rs 1,179.05, a level seen on July 30, 2024.

In a letter to DCGI, industry body the Indian Pharmaceutical Alliance (IPA) says companies should be given 30 days’ notice to respond to allegations about drug samples before such information is released to the public.

Markets will resume their regular trading schedule on Monday, November 18.

Motilal Oswal Financial Services sets a target price of Rs 4,500 for BSE. BSE, a small-cap company, operates in the financial services sector. The company's recent performance shows significant growth in total income and net profit. Motilal Oswal has raised its earnings estimates for BSE. The brokerage maintains a neutral rating on the stock.

The BSE Sensex is up 7.34 per cent in 2024 so far. China's Shanghai Composite has advanced14 per cent year-to-date. Hong Kong's Hang Seng has gained 16.39 per cent while South Korea's Kospi has fallen 9 per cent during the same period.

The Bharat Consumption Fund is accessible through PNB MetLife's ULIP plans, such as Goal Ensuring Multiplier and Smart Platinum Plus, which provide life insurance coverage and flexible investment choices available online.

RBI Moetary Policy: The contract of Reserve Bank of India Governor Shaktikanta Das ends on December 10. The government has not announced whether Das will receive an extension. Economists are considering the impact of Das's potential departure on interest rate decisions. Some economists believe Das will receive an extension due to his handling of the economy during challenging times.

Stock market holiday: The NSE and BSE are closed on Friday due to Guru Nanak Jayanti. This is the second market holiday this month.

Indian stock markets will be closed on November 15 and 20 for holidays. Market sentiment remains weak amid FII outflows, weak Q2 results, and rising inflation, with analysts predicting further corrections.

HEG Q2 Results 2024 on 15 Nov, 2024: Revenue decreased by 7.58% YoY & profit decreased by 14.27% YoY, profit at ₹82.28 crore and revenue at ₹567.6 crore

Lending rates: State Bank of India has raised the marginal cost of funds based lending rates for three tenures by upto 5 basis points

Saudi Arabia's ambitious $500 billion Neom project is facing significant problems, including increased prices, delays, and a recent leadership

State Bank of India (SBI) is preparing to get a $1.25 billion syndicated loan, which will be India's largest bank loan in 2024

Vodafone Idea needs funds for 4G and 5G expansion. Banks are hesitant to lend until there is clarity on AGR dues. The telecom operator awaits government response on potential relief measures. Vodafone Idea has already secured ₹24,000 crore in equity funding. The company plans to invest in network expansion and 5G rollout in key markets by the fourth quarter.

Vodafone Idea: The telecom joint venture between UK’s Vodafone Plc and India’s Aditya Birla Group, though, said the government remained “very supportive and committed” on ensuring a telecom market structure with three competitive private carriers.

SBI’s planned fundraising follows its recent $750 million, three-year loan in July, reinforcing its strategy to diversify funding.

Sobha Ltd reports 74% y-o-y profit growth, with ₹26.1 crore PAT and ₹965.3 crore net revenue.

Reliance Industries Ltd (RIL), Viacom18 and The Walt Disney Company have announced the merger of their media business

Auto component firm Bharat Forge on Thursday said its consolidated net profit increased 13 per cent year-on-year to Rs 243 crore for the second quarter ended September 30, 2024.

Reliance and Walt Disney have completed the merger of their media assets, forming a ₹70,352-crore entertainment behemoth.

The countrys largest two-wheeler maker Hero MotoCorp Thursday beat street estimates to report 14% increase in net profit at Rs 1,203.54 crore for the second quarter ended Sep 30, 2024.

The 23,500-23,540 range serves as an immediate support zone for the index. A decisive break below 23,500 could lead to a further drop to the 23,300-23,200 levels, where trend line support exists. While the short-term trend remains down, a pullback rally is possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

The Indian stock market closed in the red for the sixth day in a row on Thursday. Social media users took the opportunity to make stock market memes viral; check the best memes from X.

Sensex and Nifty50 closed lower on Thursday, led by declines in FMCG and energy stocks. Markets will be closed on Friday for Guru Nanak Jayanti.

Sobha Ltd reported a 3.3x QoQ and 74% YoY increase in Q2FY25 PAT to Rs 26.1 crore. Revenue grew 44% QoQ and 25% YoY to Rs 965 crore. Real estate collections reached Rs 1,222 crore, and sales value was Rs 1,178 crore with an average price realization of Rs 12,674 per sq ft. Kerala was a key performer with its best-ever quarterly sales.

New-age technologies challenge traditional banking, but can be adapted to enhance processes, says Indian Institute of Banking & Finance.

Reliance Industries and Disney joint venture in India approved by regulators, creating a media powerhouse with TV channels, digital streaming, and sports...

The Reliance-Disney merger has established the leading media and entertainment conglomerate in India. The combined entity will feature more than 100 TV channels and two streaming platforms.

The SBI has now increased the one-year MCLR by 0.05 per cent to 9 per cent effective from Friday.

From Sensex, Nifty 50 sliding for 6th day to Reliance-Disney completing transaction to imposition of GRAP 3 In Delhi, here are today’s top stories.

Data Patterns Ltd aims for Rs ₹2000-₹3000 crore orders, focusing on radars, electronic warfare, and avionics for defense sector.

India's leading two-wheeler maker Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter.

IRB Infrastructure Trust plans to transfer five highway assets to IRB InvIT Fund. The deal is valued at Rs 15,000 crore. The transfer is part of IRB's strategy to develop and then transfer stabilized assets to the public platform. IRB will use the proceeds to invest in new infrastructure projects.

The President-elect’s ‘America First’ policy and tariff hike threats against China could affect global trade and inflation

The 30-share BSE Sensex closed down 110.64 points at 77580.31

Piccadily Agro Industries Limited plans ₹1,000 crore investment to expand distillery and malt production facilities, securing funding from investors.

The NSE Nifty 50 ended 26.35 points or 0.11% lower at 23,532.70 and the BSE Sensex closed 110.64 points or 0.14% down at 77,580.31.

Sensex and Nifty50 closed lower on Thursday, with FMCG and energy stocks dragging down indices amid foreign outflow concerns.

PI Industries Ltd shares drop despite robust Q2 performance, with 5% revenue growth and 6% rise in net profit.

In the Nifty 50 index, 20 stocks ended in the green, while 30 stocks closed in the red in today's trade.

The NSE Nifty index closed 26.35 points down at 23532.7

Supreme Court Justice K V Viswanathan recused himself from a case alleging contempt of court. The case involves a dispute between the Delhi Metro and an Anil Ambani group firm. The firm was initially awarded Rs 8,000 crore, but the Supreme Court later overturned that decision.

Raamdeo Agrawal, co-founder of Motilal Oswal, predicts the Nifty could reach 30,000 when FIIs return. He advises investors to stay invested, citing India's strong economic fundamentals and high compounding potential. Agrawal believes that India's unique position as one of only two global markets offering reliable returns will attract FIIs back at higher valuations.

The Nifty Bank index closed 0.18 per cent at 50179.55.

On Wednesday, Yudiz reported a standalone net profit of INR 5,000 for H1 FY25 against INR 1.34 Cr reported in the year-ago period

With a sprawling 6,200 sq ft of space, the store is designed to offer an experience on par with global luxury beauty standards.

Karnataka Bank launches 'KBL Peak' education loan and 'KBL Genius' student savings account with comprehensive coverage and benefits.

RBI has tightened its regulation of banks considerably but bankers rarely show resistance in public. This doesn’t mean they have little to say about stiff rules. With regulators globally striving to keep up with advancing technology, RBI would gain by lending bankers a closer ear.

India stocks lower at close of trade; Nifty 50 down 0.02%

The NSE Nifty index closed 26.35 points down at 23532.7

In the Nifty50 index, 20 stocks closed in the green, while 30 stocks ended in the red.

Broader market indices reflected deeper losses, with the NIFTY 500 tumbling by 7.6%, signalling weak performance across the board; Analysts recommend a selective, sector-specific approach

Benchmark indices close lower for sixth consecutive session, FMCG and oil & gas stocks decline, auto and realty sectors resilient.

From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv were the major laggards. Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, Mahindra & Mahindra and HDFC Bank were among the gainers.

Sensex drops 110 points amid FII selling, disappointing results, and rising inflation, Nifty extends losing streak.

Matrimony.com launches WeddingLoan.com, a Fintech platform for wedding loans, partnering with top financial institutions for comprehensive solutions.

The 30-share BSE Sensex closed down 110.64 points at 77580.31

The Adani Group, under the leadership of Gautam Adani, has decided to invest $10 billion in the infrastructure and energy sectors of the United

A total of 1,804 shares changed hands on the counter till 10:45AM (IST)

Gold prices continue to face heavy selling pressure, sinking to their lowest level since September 19. The US Dollar (USD) has

The Nifty Auto index was trading 1.01 per cent at 22995.25.