o

Imagicaa launches indoor trampoline park in theme park expansion 




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Urgent need for climate services to mitigate intensifying climate threats, says World Meteorological Organization

World Meteorological Organization says big gaps exist and investments lag far behind




o

Zinka Logistics fixes IPO price band at ₹259-₹273

Zinka Logistics IPO, which opens on November 13, will include a fresh issue worth up to ₹550 crore and an offer for sale of up to 20,685,800 equity shares by promoters and selling shareholders




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Sensex dips 55 points; Nifty closes below key support amid sectoral divergence

Sector performance was varied, with IT stocks gaining momentum while realty and energy sectors faced pressure




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NSE awaiting NoC from SEBI before filing draft prospectus for IPO

Aims to strengthen commodities segment, predicts market cap to double in 10 years




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ACME Solar IPO oversubscribed, strong response from QIBs and retail investors

Reflects investor confidence in renewable energy sector; significant listing gains seen




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Wheat prices zoom near record highs as Centre dithers over OMSS

Centre’s decision to not allow imports at lower duty also push up domestic rates




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Swiggy IPO oversubscribed by 3.59x led by QIBs, employees

Raises ₹5,085 crore from institutional investors; company betting big on enhancing quick commerce segement




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Broker’s call: Aadhar Housing (Buy)

JM Financial




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Broker’s call: Aptus Value Housing Fin (Buy)

Centrum Broking




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Specified Digital Platform: Concept lacks clarity

SDPs must demonstrate to SEBI that they have a mechanism in place to take preventive as well as curative action




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Rupee hits all-time low of 84.38

RBI intervenes to manage currency amid global economic challenges



  • Money & Banking

o

Non-basmati rice procurement woes in Punjab may force growers to shift to basmati

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




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FPIs sell ₹19,994 crore in Indian equities in 6 trading sessions

For the first time this calendar year, FPI net investments turned negative with net outgo between January 1 to November 8 at ₹13,401 crore, data with depositories showed




o

Hindalco ranked world’s most sustainable aluminium company

Hindalco achieves the distinction for the 5th consecutive year




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NSEL Investors Forum proposes ₹1,950-crore settlement plan

Investors will vote on the one-time settlement plan on Monday




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Mcap of 6 of top-10 most-valued firms erode ₹1.55 lakh cr; Reliance biggest laggard

The valuation of Reliance Industries fell ₹74,563.37 crore to ₹17,37,556.68 crore




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SEBI to expand ambit of unpublished price sensitive information

The proposed changes to SEBI's definition of UPSI are aimed at increasing regulatory clarity and consistency




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Gold heads for weekly drop as traders weigh Trump, fed outlook

Thursday’s gain partially helped to retrace Wednesday’s 3% rout, when Trump’s win triggered a powerful rally in the dollar, reducing the appeal of commodities priced in the currency




o

ICL Fincorp announces NCD issue from November 11

With a rating of CRISIL BBB- STABLE, the ICL Fincorp NCD offers investors an opportunity to secure high returns, with effective yields of up to 13.73 per cent




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Ural shipments to India rise 10% in October as refinery maintenance spares more barrels

According to energy intelligence firm Vortexa, India’s crude oil imports from Russia were largely flat on a monthly and annual basis at 1.45 million barrels per day (mb/d) in October 2024, according to energy intelligence firm Vortexa




o

Wealthy investors may take pre-IPO route after losing QIB tag

Large family offices and ultra-high-net-worth individuals, who typically establish their own AIFs and invest via the QIB route but are otherwise ineligible for QIB status individually, will be affected by SEBI guidelines, say experts




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Everstone Capital evaluates exit options for Translumina, Everlife; IPO most likely

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




o

Share Market Highlights November 11, 2024: Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

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.




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Gold extends decline; investors await US data, Fed comments

Spot gold dropped 0.5 per cent to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7 per cent to $2,675.90



  • Gold & Silver

o

Niva Bupa Health Insurance IPO Day 3 Highlights: Niva Bupa IPO subscribed 1.80 times

Niva Bupa Health Insurance IPO, Niva Bupa IPO GMP Updates November 11, 2024: Track Niva Bupa Health Insurance IPO subscription status here




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Asian Paints Share Price Highlights November 11, 2024: Asian Paints stock closes 8% lower post Q2 results

Asian Paints Stock, Asian Paints Share Price Updates November 11, 2024: Shares of Asian Paints in focus 




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Rupee falls 1 paisa to all-time low of 84.38 against US dollar in early trade

Meanwhile, the dollar index was trading higher by 0.05 per cent at 105.05




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Market opens lower as China stimulus disappoints; Asian Paints slumps 8%

China’s announcement of a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems fell short of market expectations




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Hindalco expected to report 65% rise in Q2 profit on lower cost

The Aditya Birla Group company expects to report a net profit of ₹3,625 crore in Q2 against ₹2,196 crore last year in the same quarter




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The fear that rupee will depreciate sharply post Trump 2.0 is unfounded: SBI Research

While the report acknowledged that Trump’s victory introduces a mix of challenges, it also presents long term incentives to expand its manufacturing, diversify export markets, and enhance economic self-reliance




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INOX India bags major LNG terminal contract in the Bahamas 

The terminal, set to be the company’s largest mini-LNG facility to date, will provide shore power to cruise ships at the Nassau Cruise Port




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RattanIndia enters stationery market with new brand Neomate

The product line includes desk organizers, reusable whiteboard stickers, dual-tip markers with triangular grips, and acrylic paint markers available in 12 and 24 color sets




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Asian Paints stock tumbles 9% following Q2 results

Asian Paints’ Q2 net profit declined 43.71% due to weak demand, material price inflation, material price inflation, and performances of the decorative and coatings business.




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Alembic Pharma gets USFDA nod for generic heart medication 

The approved medication, therapeutically equivalent to Bausch Health’s Cardizem CD Extended-Release Capsules, is used to treat hypertension and manage chronic stable angina




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Markets reverse early losses, Power Grid leads gains while Asian Paints tumbles

The market recovery came despite a weak opening influenced by China’s stimulus concerns and continued foreign investor selling




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Nupur Recyclers to enter Lithium-ion battery market 

Nupur Recyclers is currently focused on non-ferrous metal scrap processing. It will establish a state-of-the-art plant dedicated to handling both metal scraps and lithium-ion battery recycling




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Niva Bupa IPO subscribed 1.43x by midday on final day

The retail individual investors’ portion currently leads the subscription status at 2.14 times, with bids for 6.71 crore shares




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HFCL consortium wins ₹8,100 crore BharatNet phase III bids 

The shares of HFCL Limited were trading at ₹128.89 up by ₹2.10 or 1.66 per cent on the NSE today at 1.40 pm




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LG to add Axis to arrange $1.5 billion Mumbai listing

The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private




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Norton Motorcycles announces CEO exit, new dual leadership structure

The company has implemented a new leadership structure, dividing operations between two executive directors




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Mastek ranks in ISG’s Top 15 Global Tech Services Providers for Q3 2024

The achievement comes as Mastek expands its AI capabilities, recently launching iConnix, a GenAI portfolio featuring over 120 AI assets and 4 AI platforms




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Brokerages bullish on LIC post Q2 results; shares gain

The State-owned insurer recorded 12 per cent growth in net premium income at ₹1,19,901 crore during the quarter under review




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As production drops in Guatemala, Indian cardamom may gain on Ramadan demand

Prices projected to top ₹3,500 a kg during January-March 2025




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Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

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




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BSE, NSE end flat after volatile session; Asian Paints tanks 8% post earnings 

The indices recovered from early losses but failed to maintain momentum through the session




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SCI shares gain 7% on robust Q2 net profit

Revenue rose to ₹ 1,491.23 crore, compared to ₹ 1,161.89 crore in the previous year




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Biocon shares gain 9 per cent after USFDA inspection of Bengaluru unit

The scope of the inspection covered six distinct biological units, including four drug substance manufacturing facilities and two drug product manufacturing plants




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ITI emerges lowest bidder for three BharatNet packages; shares up 11 %

ITI was the lowest bidder for the ₹1,537-crore Project 15 spread across Arunachal Pradesh, Nagaland and Manipur




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Broker’s call: Ashok Leyland (Buy)

Anand Rathi