[ad_1]
08:26:22 PM IST, 16 November 2023
Ant Group quarterly profit falls 66% on year to 2.59 billion yuan
Alibaba, which spun off Ant 12 years ago, said earlier this year it would not participate in Ant’s proposed share buyback and would maintain its shareholding in the firm.
Chinese authorities in July announced a fine of 7.12 billion yuan for Ant Group for violating laws concerning consumer protection and corporate governance, ending a years-long regulatory overhaul of the fintech company.
08:22:16 PM IST, 16 November 2023
Alibaba scraps cloud business spin-off citing US chip curb
The U.S. decision last month to ban the export to China of more chips used in artificial intelligence (AI) has created major uncertainties for the country’s big tech companies.
08:17:21 PM IST, 16 November 2023
Jack Ma’s family trust to sell 10 mln shares in China’s Alibaba
The sale will be done on Nov. 21 by JSP Investment and JC Properties, funds that are part of the family trust.
Alibaba and the Jack Ma Foundation, the philanthropic organization that handles media queries for the billionaire, did not immediately respond to requests for comment.
Ma stepped down as chairman of Alibaba in 2019. The company is currently led by Eddie Wu, one of the co-founders and a long-time lieutenant of Ma.
U.S.-listed shares of Alibaba were down more than 3% in premarket trading ahead of its quarterly results.
08:13:07 PM IST, 16 November 2023
US stocks subdued at open as Cisco, Walmart weigh
The Dow Jones Industrial Average fell 123.18 points, or 0.35%, at the open to 34,868.03.
The S&P 500 opened lower by 5.80 points, or 0.13%, at 4,497.08, while the Nasdaq Composite dropped 36.96 points, or 0.26%, to 14,066.88 at the opening bell.
07:45:23 PM IST, 16 November 2023
IREDA fixes price band at Rs 30-32 per share for Rs 2,150 crore IPO
Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday fixed the price band for its up to Rs 2,150.21 crore Initial Public Offering (IPO) at Rs 30-32 per equity share, the company said here on Thursday. The company’s maiden IPO will open for the public on November 21 for subscription and close on November 23, it said.
07:43:05 PM IST, 16 November 2023
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 lakh on gold loan firm Manappuram Finance for violation of certain directions of the banking sector regulator. The fine has been imposed for non-compliance with certain directions issued by the RBI on ‘Reserve Bank of India (KYC) Directions, 2016’, ‘Loans and Advances – Statutory and Other Restrictions’, ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’, and ‘Code of Conduct for Opening and Operating Current Accounts’, the central bank said in a statement.
04:50:44 PM IST, 16 November 2023
Tech View: Nifty needs breakthrough above 19850. Here’s what traders should do on Friday
Positive chart pattern like higher tops and bottoms is intact on the daily chart. Having reacted down from the key resistance on Thursday, there is a possibility of some more consolidation or minor weakness for the market in coming sessions. At the lower levels, Nifty is expected to find support around 19600-19550 levels, said Nagaraj Shetti of HDFC Securities
The Indian market continued its positive resurgence, tracking global gains. Softer than expected US inflation data and easing bond yields has bought optimism that spending will emerge like in technology. Taking the cues further, IT stocks shown a significant jump in the broader market. The market is sensing that exports based sectors like IT and Pharma could be future winners. While cut in inflation will also benefits domestic placed staples and consumer sector.
– Vinod Nair, Head of Research at Geojit Financial Services
03:52:13 PM IST, 16 November 2023
Stock Market Highlights: Nifty Midcap, Nifty Smallcap, Nifty Auto indices hit record high
03:46:36 PM IST, 16 November 2023
Stock Market Updates: Angel One’s monthly business update
Angel One Limited achieved a milestone in its growth journey as its client base expanded by 49.6% YoY, growing to 17.78 million with an addition of 0.73 million new clients in October 2023, the company said in a release today.
03:35:12 PM IST, 16 November 2023
Top gainers & losers in closing trade
03:34:22 PM IST, 16 November 2023
Closing Bell: Sensex recovers 475 pts from day’s low, ends 307 pts higher; Nifty above 19,750; TCS, HCL Tech up 3% each
02:55:44 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Sensex jumps over 600 points, tops 66,000
02:36:35 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Top gainers at this hour
02:17:36 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Dr Reddy’s rolls out migraine management device Nerivio in India
02:14:26 PM IST, 16 November 2023
Sensex Today | SENSEX SURGES 500 POINTS!
02:19:28 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | Airtel extends 5G coverage to all 33 districts of Gujarat and Union Territory ofDadra, Nagar Haveli, Daman & Diu empowering 2.2 million customers
01:58:23 PM IST, 16 November 2023
Gold gains on Fed pause hopes despite stronger US dollar
Spot gold gained 0.4% to $1,966.41 per ounce, as of 0754 GMT. U.S. gold futures rose 0.3% to $1,969.10.
01:43:19 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: R.P.P Infra Projects wins new orders worth approx. Rs 133.48 Crores
01:29:16 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Power trading solution provider PTC India would soon achieve a debt-free status following the divestment of its arm, PTC Energy, to ONGC for an enterprise value of Rs 2,021 crore, according to a top official.
01:22:13 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Akzo Nobel India appoints Rajiv Rajgopal as chairman of board
01:06:19 PM IST, 16 November 2023
‘Direct investing bhi sahi hai’: NSE CEO’s pitch for more retail play
NSE’s chief executive and managing director Ashishkumar Chauhan on Thursday said retail investor participation is increasing in the markets, and the group has become a formidable force. Borrowing from a popular campaign run by the mutual fund industry, Chauhan said, “direct investing bhi sahi hai” (direct investing in equities is also correct).
The NSE chief was, however, quick to add a caveat. Chauhan said he invests his personal wealth only in mutual funds and not in direct equity participation.
12:49:53 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, recorded its highest-ever festive sales, clocking more than 14 lakh (1.4 million) units in retail sales during the 32-day festive period – between the first day of the Navratras and Bhai Dooj – this year
12:34:26 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Pennar Industries gets order worth Rs 669 crore; stock surges 8%
12:30:46 PM IST, 16 November 2023
Tokyo shares close lower on profit-taking
Tokyo shares gave up early gains to close lower on Thursday as investors locked in profits.The benchmark Nikkei 225 index lost 0.28 percent, or 95.29 points, to end at 33,424.41, while the broader Topix index slid 0.19 percent, or 4.60 points, to 2,368.62.
12:07:18 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Vikas Lifecare unit awarded orders to supply 40000 gas meters; Unit has been awarded orders worth about Rs 49.5 crore from Gujarat Gas
12:04:39 PM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Som Distilleries Breweries & Wineries says market share of 45% in beer industry in Madhya Pradesh in October 2023
11:57:41 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: These IT software stocks gain up to 4% in today’s trade
During the last five General elections the markets had rallied in the run up to the elections with returns ranging from 3.1% to 30.4% in the six months to the elections. Sharp movements after the elections happen only when the election results are totally unexpected. This happened after the 2009 elections when the UPA govt got a thumping victory and the market set a record, hitting the upper circuit twice.Markets like stability and, therefore, the market’s preference would be the continuation of the BJP regime. But if the I.N.D.I.A alliance succeeds in toppling the NDA, there will be a sharp correction in the market. But the probability of such an outcome is very low now.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
11:37:31 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | NTPC, Tata Motors among top Nifty50 stocks that hit 52-week high today
11:26:41 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: These stocks move with market mood, rise up to 8%
11:08:07 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Sensex jumps 350 points, tops 66,000
11:04:35 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: CFFFluid Control Limited receives contract for procurement of spares ofTWA MCA 62.5 system totalling to approx. Rs. 11.30 crores (including tax).
10:55:01 AM IST, 16 November 2023
Stock Market LIVE Updates: China stocks fall on “disappointing” Xi-Biden meeting, property weakness
- Chinese stocks fell as investors were disappointed by a meeting between the presidents of China and the US, while data showing prolonged weakness in the property sector dented sentiment.
- The blue-chip CSI 300 Index fell 1%, while the Shanghai Composite Index was down 0.6% by the midday recess.
- Hong Kong’s Hang Seng Index and the Hang Seng China Enterprises Index both lost 1.7%.
10:50:03 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | Cholamandalam Investment to issue 10-yr bonds – bankers
10:42:59 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Bajaj Finance reverses course after dropping 4% on RBI ban order
The Reserve Bank of India (RBI) said the non-bank lender failed to issue key information to borrowers under its eCOM and Insta EMI Card digital lending products, as required under the RBI’s new digital lending guidelines.
10:29:51 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | GAIL (India) Ltd has issued a swap tender offering 24 liquefied natural gas (LNG) cargoes loading out of the United States next year in exchange for 24 other cargoes for delivery to India in 2025, said two industry sources on Thursday.
10:28:22 AM IST, 16 November 2023
India bond yields flattish after mild reversal in US peers
The 10-year benchmark bond yield was at 7.2255% as of 10:00 a.m. IST, after ending the previous session at 7.2204%, its lowest since Oct. 5. The yield also posted its biggest single-session drop since Sept. 14 on Wednesday.
10:26:47 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | Cyient Ltd and Thales sign a joint commitment toaction for a low carbon future
10:00:37 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates | Sensex erases early losses, jumps 50 points
09:52:15 AM IST, 16 November 2023
Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The resilience of the market and strong up moves on favourable days like yesterday have forced a rethinking in FPI strategy. That’s why they bought for Rs 550 crores yesterday after sustained selling in all other days of November.
09:45:05 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Suzlon Energy rose nearly 4% after the renewable energy solutions provider’s S144 – 3 MW series of wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy (MNRE). This paves the way for the commercialization of the product.
09:28:05 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Shares of Bajaj Finance fell as much as 4.1% to 6,931.25 rupees on Thursday, a day after India’s central bank barred the non-bank lender from issuing loans under two products with immediate effect.
09:27:40 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Cyient DLM says Cyient signed letter of intent with Thales
09:26:56 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Gensol Engineering emerges as lowest bidder for NHPC’s green hydrogen mobility station EPC project
09:26:56 AM IST, 16 November 2023
Rupee declines by 9 paise to 83.18 against US dollar in early trade.
09:23:24 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: UCO Bank recovers around Rs 649 crore from blocked recipients’ accounts
09:22:32 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Most active stocks on NSE in morning trade
09:21:18 AM IST, 16 November 2023
Opening Bell: Sensex slips 100 points, Nifty below 19,650; Bajaj twins shed up to 4%
09:17:57 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: 21.5 lakh crore Bharti Airtel shares change hands via block deal
09:15:12 AM IST, 16 November 2023
Bitcoin up more than 5% near one-week high
Bitcoin, the world’s largest cryptocurrency, rose more than 5.3% on Wednesday to $37,978, near a one-week high. It has risen about 125% so far this year. While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets.
09:08:52 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex slips 40 points; Nifty below 19,675
08:25:27 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Asia stocks waver, expectations of Fed pause intact after data
Asian stock markets struggled for momentum on Thursday, after heavy gains this week, as expectations for a pause in Fed policy tightening remained intact despite U.S. data pointing to strength in parts of the economy.
08:11:21 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Dollar holds ground as macro data hints at later Fed rate cut
The dollar held its ground early on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal Reserve will wait longer before cutting interest rates.
08:10:52 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Gold flat as firm dollar offsets support from dovish Fed expectations
Gold prices were flat in early Asian hours on Thursday as the dollar firmed after strong U.S. retail sales data, offseting support from hopes that the Federal Reserve had come to the end of its tightening cycle.
07:25:33 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 10.5 points, or 0.05 per cent, at 19,753.50, signaling that Dalal Street was headed for muted start on Thursday.
07:25:42 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty’s next hurdle at 19,850-20,050
Nifty ended 232 points higher to form a small green candle on the daily chart and signal an upside breakout of the crucial overhead resistance of around 19,550-19,600 levels.
07:25:50 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Rupee jumps 24 paise against US dollar
The rupee appreciated 24 paise to close at 83.09 against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than expected.
07:25:59 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Tokyo stocks choppy after strong gains
Tokyo stocks were slightly higher Thursday in choppy trade following strong gains on the back of rallies on Wall Street.
07:26:08 AM IST, 16 November 2023
Sensex Today | Stock Market LIVE Updates: Wall Street gains on easing inflation, Target’s upbeat forecast
U.S. stocks closed slightly higher on Wednesday, as fresh inflation data reinforced investor hopes that the Federal Reserve is done raising interest rates, while retail stocks were boosted by an upbeat forecast from Target .
[ad_2]
Source link