Farmers who have harvested the fragrant rice are happy despite drop in prices

The IPO is likely to be in the range of $300-350 million, sources say

Sensex, Nifty updates on November 11, 2024: Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment. After gyrating between highs and lows, benchmark Sensex eked out gains of 9.83 points or 0.01 per cent to settle at 79,496.15. The barometer gyrated 1,100.8 points between the day’s high of 80,102.14 and a low of 79,001.34. The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30. From the 30-share Sensex pack, Asian Paints tumbled over 8 per cent after the company on Saturday reported a 43.71 per cent decline in consolidated net profit to Rs 693.66 crore for the September quarter, impacted by soft-demand conditions, material price inflation and a decline in decorative and coatings business in the domestic market. Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30

Move aimed at enhancing the ease of doing business, streamlining compliance and attracting foreign investments

QSBs’ clients will have the option to either continue with the existing facility of trading by transferring funds to the brokers or opt for either of the facilities

Sensex, Nifty, Share Prices: The benchmark indices Sensex and Nifty, which traded on a weak note on Tuesday, settled 1 per cent lower for the day. Sensex closed at 78,675.18, lower by 820.97 points or 1.03 per cent, and Nifty 50 ended at 23,883.45, down by 257.85 points or 1.07 per cent. Barring the Nifty IT and Realty indices, all the sectoral indices are in red and led by bank stocks. As the Q2 earnings season concludes, analysts anticipate fund flows influencing market direction amid ongoing volatility. Gaurav Garg of Lemonn Markets Desk suggests that traders adopt hedged strategies focusing on selective stocks. Large-cap stocks are expected to perform relatively better as valuation pressures mount on the broader market. DSP Mutual Fund highlighted that mid-cap and small-cap indices have reached peak valuations, while large-cap stocks show signs of outperformance. Continued foreign portfolio outflows add to market volatility, but Pantomath Group’s ‘Market Kaleidoscope’ report points to India’s infrastructure push and rising private investment as economic stabilisers. Globally, Asian markets opened mixed, with gains in China and Japan offset by weaker Taiwanese and Korean indices.

Sun Pharma, Infosys and ICICI Bank were the top gainers on the Sensex

Sensex, Nifty, Share Prices LIVE: Gift Nifty indicates a likely 100-point gap-down opening for Nifty at 23,870 on Wednesday as global markets remain weak. Analysts cite concerns over an earnings slowdown and persistently high inflation; Jefferies India downgraded full-year earnings for 63% of the 121 large companies it covers due to economic slowing. India’s retail inflation surged to a 14-month high of 6.21% in October, with steep rises in food and metal prices potentially influencing the RBI’s December policy stance. A continued hold on rates seems likely, but analysts at AngelOne note a shallower rate-cut cycle ahead for India, mirroring the US trend. Options data signals resistance around 24,500 due to heavy call writing and support near 23,500, with a bearish put-call ratio drop to 0.52. India VIX rose to 14.60 (+2.40%), suggesting caution; however, lower volatility generally supports bullish sentiment, according to SAMCO’s Dhupesh Dhameja.

Analysts indicate significant pressure on mid-cap and small-cap sectors as a substantial portion of companies fail to meet expectations

Family members of a cancer patient who passed away later in the day, alleged that the death was due to inhaling of smoke due to the fire.

An analysis of buyer trends of this year’s Amazon Great Indian Festival sale so far has revealed an affinity of Bengal-based buyers towards renewable and artificial intelligence appliances like solar panels, single-equipment home gyms, robotic vacuum cleaners

Stating that they are in talks with their colleagues in other States, the medics said there may also be a country-wide strike by doctors on Tuesday (October 22, 2024) over the issue

The sensitive take on grief, gender norms, and societal issues by director Rahul Roye wins the Best Social Justice Film award

With saturation of European and American markets, Asian tea producers are eyeing untapped African market for exports

Daredevils fail to put up a challenging score and pay the price; Mumbai Indians dethroned

With the tactical plans mapped out, the emphasis at the Kotla will be on execution under pressure

David Warner led Sunrisers Hyderabad to an 8-run win in Bengaluru, defending 208/7 despite a 114-run opening partnership between Chris Gayle and Virat Kohli.

Mumbai will look to play spoilsport

Two shows launched by Vijay TV and Zee Tamil feature actors performing daredevil stunts

The BMW 3-series gets some upgrades that strengthen its credibility as a driver's car

With competition heating up in the entry-level hatchback segment, the Maruti Alto gets a cosmetic update to keep things fresh

The Kwid’s new Automated Manual Transmission, along with its set of strong features, makes it the best pick for a budget automatic

This tough, no-frills SUV sure has an air of indestructibility about it thanks to the body-on-frame chassis

Lockie Ferguson became the sixth New Zealander to take a T20 hat-trick as the visitors edged Sri Lanka by four wickets in a low scoring match in Dambulla.