Indian benchmark indices fell due to selling pressure in auto and pharma stocks. Telecom stocks surged on Cabinet approval, while Adani Group stocks dropped amid a bribery scandal.
Posts in category Economic Times
Market Wrap: D-Street ends two day gaining streak; Sensex falls over 100 pts, Nifty drops below 24,350 (26-11-2024)
Indian benchmark indices broke their two-session gaining streak on Tuesday dragged by selling pressure in auto and pharma stocks. While the S&P BSE Sensex settled at 80,004.06, down by 105.79 points or 0.13%, the broader Nifty fell below 24,200 to close at 24,194.50, lower by 27.40 points or 0.11%.
Angel One AMC receives Sebi approval to start mutual fund business; stock jumps 5% (26-11-2024)
Angel One’s subsidiary, Angel One Asset Management Company, has secured SEBI’s approval to launch Angel One Mutual Fund, focusing exclusively on passive investment strategies. This move allows Angel One to expand its offerings with low-cost index funds and ETFs, catering to the growing demand for accessible wealth creation.
Sagility India shares hit 10% upper circuit after Q2 results (26-11-2024)
Shares of Sagility India surged 10% to hit the upper circuit at Rs 31.52 on the BSE in Tuesday’s trade, following a 30.5% year-on-year (YoY) increase in its adjusted Q2 PAT, which reached Rs 163.6 crore for the July-September quarter.
KEI Industries launches QIP, floor price fixed at Rs 3,880.54 (26-11-2024)
KEI International announced the approval of a Qualified Institutional Placement (QIP) of equity shares, with a floor price set at Rs 3,880.54 per share. The floor price represents a 3.5% discount to the stock’s closing price on Monday.
Moody’s changes rating outlook on 7 Adani companies to negative (26-11-2024)
Adani Group Stocks: Moody’s downgraded the outlook for seven Adani Group companies. Fitch also took negative rating actions on several Adani entities and bonds. These actions followed Gautam Adani’s indictment in a US bribery scandal. The rating agencies cited potential funding challenges and higher costs for the group.
Elara Capital sees 66% upside in this smallcap stock, initiates coverage with ‘buy’ rating (26-11-2024)
Smallcap firm Genesys International is poised to leverage India’s estimated ₹29,300 crore geospatial market by 2030, according to domestic brokerage Elara Capital, which initiated coverage on the stock with a target price of ₹1,370.
Share price of Adani Power as Sensex drops 171.75 points (26-11-2024)
A total of 1,636,404 shares changed hands on the counter till 02:12PM (IST)
How small telecom tariff hikes are driving big ARPU gains? Gaurav Malhotra explains (26-11-2024)
So, we will have to wait for that before we can see how much of the debt Vodafone is able to raise but their intention is to raise around 25,000 crores.
Lupin shares 2.73% as Sensex falls (26-11-2024)
The stock quoted a 52-week high of Rs 2312.00 and a 52-week low of Rs 1200.35.