Stock Market Live Updates: Sensex and Nifty open lower amid global concerns following Powell’s remarks – BusinessLine

Share Market Live Updates: Jubilant Foodworks commences commercial production at Bengaluru

Jubilant Foodworks informed the exchange that the commissary situated at Adinarayana Hosahalli Industrial Area, Bengaluru Rural District, Karnataka, has commenced commercial production on November 09, 2023.

Stocks to Watch: Adani Enterprises to invest over Rs 13,000 crore in next three years in its data centre business

Stocks to Watch: Campus Activewear reports sharp decline in Q2 net profit

Campus Activewear net profit dips to Rs 0.3 cr against Rs 14.5 crore, Revenue down 22 per cent at Rs 259 crore against Rs 333 crore (YoY)

Stocks to Watch: Vedanta mulls cash payout boost on next bond due to clinch deal

Commodities Market Live Updates: Brent crude at $80 as Powell hints at further US rate increases

Brent crude oil futures traded around $80 a barrel on Friday morning as the Chair of US Fed Reserve, Jerome Powell, indicated that interest rates could increase further in the US. At 9.18 am on Friday, January Brent oil futures were at $80.33, up by 0.40 per cent; and December crude oil futures on WTI (West Texas Intermediate) were at $75.91, up by 0.22 per cent. November crude oil futures were trading at ₹6336 on Multi Commodity Exchange (MCX) in the initial trading hour of Friday morning against the previous close of ₹6372, down by 0.56 per cent; and December futures were trading at ₹6356 as against the previous close of ₹6391, down by 0.55 per cent.

Stock Market Live Updates: OPENING BELL: Powell’s inflation doubts prompt lower opening for Sensex and Nifty

Indian benchmark stock indices, Sensex and Nifty, commenced trading on a lower note on Friday, aligning with the global downturn spurred by comments from U.S. Federal Reserve Chair Jerome Powell. Powell expressed skepticism about whether interest rates were sufficiently elevated to combat inflation.

As of 9:17 a.m., the 30-share BSE Sensex was down by 221.60 points, trading at 64,610.60, while the NSE Nifty dropped 62.30 points to 19,333.

In the Nifty, gainers included Adani Enterprises, HDFC Life, Adani Ports, Coal India and ONGC, whereas Titan, NTPC, UPL, IndusInd Bank, and Dr Reddy’s were among the laggards.

On Wall Street, a decline was observed, with both the S&P 500 and Nasdaq Composite ending their longest winning streak in two years. Powell’s comments eroded market optimism about monetary policy.

Powell indicated that the Fed lacked confidence in its efforts to control inflation, which led to an increase in U.S. Treasury yields. This sentiment resonated in Asian markets, with the MSCI Asia ex-Japan index falling by over 1%.

Despite a 0.86% increase in the Nifty 50 for the week, it faced resistance around the 19,450 levels during the last two sessions. Small- and mid-cap stocks outperformed blue-chip stocks, with each registering gains of over 2.4%, driven by strong retail inflows.

In contrast to domestic investors, foreign institutional investors (FIIs) continued to divest from Indian equities in November. On Thursday, FIIs offloaded shares worth Rs 1,712 crore, extending their selling streak to 12 sessions. Foreign outflows from domestic markets reached a nine-month high in the previous month.

Share Market Live Updates: MEP Infrastructure reports Q2 net loss at ₹39.50 crore

MEP Infrastructure Developers reported its standalone net loss for the quarter ended September 2023 at ₹39.50 crore as against ₹16.72 crore in the same quarter previous year.

Share Market Live Updates: Welspun Corp’s Associate EPIC secures SAR 440 million contract with Saudi Aramco

Welspun Corp informed the exchange that its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has signed a contract for the manufacturing and supply of large diameter Steel Pipes with Saudi Aramco for a total value exceeding SAR 440 million (Approx. ₹1000 crore) inclusive of value added tax.

Stocks to Watch: Smallcap World Fund Inc has sold 18.26 lakh equity shares or half a percent stake Aegis Logistics via open market

IPO Watch: Wealthy investors rake in moolah from IPOs in CY23

Three out of four companies that made a debut on the bourses this year made money for wealthy investors on listing day.

Wealthy investors have made more than ₹100 apiece on nine such companies, after taking into account the financing cost and oversubscription figures.

ideaForge Technology, with gains of over ₹500 on listing day, gave the most bang for the buck. Investors in Netweb Technologies and Mankind Pharma made gains of between ₹211-373. IPOs that lost money include IRM Energy and Yatharth Hospital & Trauma Care Services.

Shae Market Live Updates: Q2FY24 Important Result Calendar

10 November 2023 (Today)

Derivative Segment

• Biocon Limited

• Coal India Limited

• Eicher Motors Limited

• Glenmark Pharma Limited

• Hindalco Industries Limited

• Hindustan Aeronautics Limited

• Hindustan Copper Limited

• Ipca Laboratories Limited

• Mahindra & Mahindra Limited

• Oil & Natural Gas Corp Limited

• Steel Authority Of India Limited

• Sun Tv Network Limited

• Tata Chemicals Limited

Cash Segment

• 3M India Ltd.

• Allcargo Logistics Ltd.

• Bombay Burmah Trading Corp Ltd.

• Esab India Ltd.

• Fortis Healthcare Ltd.

• Galaxy Surfactants Ltd.

• HUDCO Ltd.

• Life Insurance Corp of India

• Shriram Properties Ltd.

• Shyam Metalics And Energy Ltd.

• Swan Energy Ltd.

• Timken India Ltd.

• Eureka Forbes Ltd

• Rashtriya Chem and Fert Ltd.

13 November 2023

Derivative Segment

• Grasim Industries Limited

• Manappuram Finance Limited

Cash Segment

• Narayana Hrudayalaya Ltd.

14 November 2023

Derivative Segment

• Nmdc Limited

• Indiabulls Housing Fin Limited

Cash Segment

• Kalyan Jewellers India Ltd.

• KNR Constructions Ltd.

• Natco Pharma Ltd.

• Trident Ltd.

• Uflex Ltd.

• Aster DM Healthcare Ltd.

• La Opala RG Ltd.

• Jindal Poly Films Ltd.

• MMTC Ltd.

• Rajesh Exports Ltd.

Share Market Live Updates: Dividend Dates: Ex-Dividend 13 November 2023 (Monday)

Last date for Cum-Dividend Today

Elpro International Ltd.

Dividend Per Share Rs.0.6

Previous day Closing Price – Rs. 79.93

REC Ltd

Dividend Per Share Rs.3.5

Previous day Closing Price – Rs. 317.95

Taneja Aerospace & Aviation Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 245.35

WPIL Ltd.

Dividend Per Share Rs.20

Previous day Closing Price – Rs. 3204.65

Stocks to Watch: Aurobindo Pharma to acquire full equity shares of Theranym Biologics

AUROBINDO PHARMA LIMITED : company has approved the purchase of entire equity shares of Theranym Biologics Private Limited

Stocks to Watch: KPIT Technologies acquires 13% stake in cloud-based game aggregator N-Dream AG

KPIT Technologies Limited : Company has approved the initial strategic acquisition of 13% shareholding in N-Dream AG (N-Dream), a Cloud based Game Aggregation Platform company, based in Switzerland,This strategic investment in N-Dream is part of KPIT’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future.

Stocks to Watch: EKI Energy to acquire majority stake in ClimaCool Projects & Edutech, making it a wholly-owned subsidiary

EKI Energy Services Limited : Company approved to acquire 50.06% equity shares of ClimaCool Projects & Edutech Limited, Associate Company (“the Investee Company”) in addition to the 49.94% shares held by it at present, and subsequently the said Company will become a Wholly Owned Subsidiary (‘WOS’) of EKIESL.

Stocks to Watch: Ashok Leyland to invest Rs 1200 crore in Switch Mobility through Optare PLC UK

ASHOK LEYLAND LTD : Company have approved an investment of Rs 1200 cr in Switch Mobility as equity through its holding company Optare PLC UK

Stocks to Watch: National General Industries to sell land to Modi Steel for Rs 2.06 crore

National General Industries Ltd : Board informed that dispose of the Land situated at adjoining Village Chattarpura and Ajnali, at Mandi Gobindgarh, Punjab (“Land”), on “as is where is” basis to Modi Steel Private Limited (“MSPL”), a related party, having registered office at Modi Mill Road, Mandi Gobindgarh, Tehsil Amloh, District Fatehgarh Sahib-147301, Punjab for a consideration at arm length of Rs. 2,06,00,000/-

Stocks to Watch: Mphasis’ unit, Blink UX, will update NASA’s digital platforms

Stocks to Watch: Blue Jet Healthcare’s Mahad MIDC unit faces closure directive by MPCB

Blue Jet Healthcare: Maharashtra Pollution Control Board issued a closure direction for the Mahad MIDC unit under water and air pollution laws. The company cannot resume manufacturing activity till further orders from MPCB are received.

Stocks to Watch: Infosys partners with Better Home & Finance for AI-driven mortgage service

Infosys: The company will collaborate with U.S.-based Better Home & Finance to offer mortgages as a service. The companies will offer an AI-driven mortgage white-label platform for banks and credit unions

Stocks to Watch: Shoppers Stop’s Global SS Beauty Brands invests Rs 4 crore in Pahadi Goodness

Shoppers Stop: Unit Global SS Beauty Brands invested Rs 4 crore in Pahadi Goodness by way of subscription to 40,000 optionally convertible debentures, representing 33.33% of the equity share capital. The unit has the option to acquire an additional 17.67% of the equity capital in June 2025.

Stocks to Watch: Garden Reach Shipbuilders bags Rs 840 crore contract for Ocean Research Vessel

Garden Reach Shipbuilders & Engineers: The company received a letter of intent from NCPOR for the award of a contract towards the construction and delivery of an ocean research vessel. The total contract value is approximately Rs 840 crore

Stocks to Watch: Zee Entertainment silent on Puneet Goenka’s role amidst merger speculation with Sony India

Zee Entertainment Enterprises: The company has not commented on speculations about Puneet Goenka’s role in merged company being under contention. The company recognises the value of the merger with Sony India and is committed to ensuring all parts of the scheme are addressed

Stocks to Watch: Tata Steel Long Products NSE shares to be suspended due to Tata Steel merger on November 17

Tata Steel Long Products: Trading of company shares on NSE to be suspended w.e.f. Nov. 17 on account of Tata Steel merger.

Stocks to Watch: Tata Motors receives Moody’s upgrade to Ba3 rating with positive outlook

Tata Motors: Moody’s Investors Service upgraded the company’s rating from B1 to Ba3. Moody’s also upgraded the company’s senior unsecured instrument ratings from B1 to Ba3 and has maintained a positive outlook on all ratings.

Stocks to Watch: Morarjee Textiles workers end strike at Nagpur plant

Morarjee Textiles Limited : Company informed that that workers at the Company’s plant at Nagpur Called of the Strike

Stocks to Watch: DroneAcharya introduces groundbreaking drone-based multi-gas sensing and mapping system

DroneAcharya Aerial Innovations Limited : Company is proud to unveil its newest environmental monitoring technology: the Drone-based Multi-Gas Sensing and Mapping System.

Stocks to Watch: Goldstone Technologies to sell unused factory land in Telangana for Rs 35 crore

Goldstone Technologies Limited :Company Proposal to sell company’s unused factory land including factory structure tuated at Sy No.249 (Part), 250 {Part), 251 {Part) at Cherlapally Village, Ghatkesar Mandal, Kapra Municipality, Ranga Reddy District, Telangana, India, to Mr. Pabba Upender Gupta for a consideration not lower than INR 35,00,00,000/-

Stocks to Watch: Ministry of Railways imposes Rs 7.5 crore penalty on Kinet Railway Solutions

Rail Vikas Nigam Limited : Ministry of Railways against one of the SPVs of RVNL viz. M/s. Kinet Railway Solutions Limited. Ministry of Railways has imposed penalty of Rs. 7.5 Crores on M/s. Kinet Railway Solutions Limited for violation of clause of Manufacturing cum Maintenance agreement (MCMA)

Stocks to Watch: Infosys and Better Collaborate to deliver white-label mortgage as a service platform

INFOSYS LTD : Company and Better collaborate to offer Mortgage as a Service An integrated technology & operations white-labelled AI-driven platform to help banks and credit unions provide their customers seamless digital mortgage and home equity loan experiences

Stocks to Watch: ICICI Bank gains RBI approval to make ICICI Securities a wholly-owned subsidiary

ICICI Bank Limited : Bank has received approval from Reserve Bank of India for making ICICI Securities a wholly owned subsidiary, subject to certain conditions. Certain other statutory/regulatory approval(s), as required under applicable laws, are awaited

Stocks to Watch: Electronics Mart India opens new ‘BAJAJ ELECTRONICS’ store in Andhra Pradesh

Electronics Mart India Limited : Company has commenced the commercial operation of a new Multi Brand Store under the brand name ‘BAJAJ ELECTRONICS’ on 09th November 2023 at No. 1-47-5, Sy No: 171, Ward-Block-1-47, Kadakatla, Tadepalligudem, West Godavari District, Andhra Pradesh – 534102

Stocks to Watch: Techknowgreen Solutions partners with Society for Indoor Environment for R&D initiatives

Techknowgreen Solutions Ltd : Company has entered into a Memorandum of Understanding with Society for Indoor Environment, a non-government organisation to pursue and promote Research and Development (R&D) in activities including indoor air environment and sustainability.

Stocks to Watch: Xelpmoc Design & Tech increases investment in One Point Six Technologies

Xelpmoc Design and Tech Limited : Company Further investment in securities of One Point Six Technologies Private Limited, one of the Investee Companies. which is in Media Tech Company

Stocks to Watch: G R Infraprojects secures L-1 bid for Shri Mata Vaishno Devi Shrine Board Ropeway Project in Katra

G R Infraprojects Limited : Company has emerged as L‐1 bidder in Financial Bid Opening dated 09th November 2023 for the tender invited by RITES on behalf of Shri Mata Vaishno Devi Shrine Board, Katra (J&K) for “Design, Engineering, Construction, Development, Finance, Operation & Maintenance of Passenger Ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT Basis”. worth of 200.00 Crores

Stocks to Watch: IndusInd Bank launches mega loan mela schemes for construction equipments

Stocks to Watch: HAL and Airbus Collaborate to establish MRO facilities for A-320 family aircraft

Hindustan Aeronautics Ltd : Company and Airbus have signed a contract for establishing MRO facilities for A-320 family of aircraft during a function in New Delhi today

Stocks to Watch: Aster DM Healthcare establishes wholly-owned subsidiary Aster Shared Services Centre

Aster DM Healthcare Limited : Company has incorporated Aster Shared Services Centre Private Limited, a wholly owned subsidiary Company in India on November 08, 2023.The main object of ASSCPL is to provide software solutions for information technology, telecommunications, other technology driven segments, back-office support services/ outsourcing services for all functions including human resources, finance, billing, accounts payable, accounts receivable, information technology, payroll, procurement, revenue cycle management and such other ancillary services in India and abroad.

IPO Watch: Listing of ESAF Small Finance Bank Ltd on 10th November, 2023

Symbol: ESAFSFB

Series: Equity “B Group”

BSE Code: 544020

ISIN: INE818W01011

Face Value: Rs 10/-

Issued Price: Rs 60/- per share

Stock Market Live Updates: Major U.S. listed stocks result calendar 10.11.2023

Algonquin Power & Utilities Corp. (Pre market) (Sector- Power)

Consolidated Water Co. Ltd. (Pre market) (Sector- Water supply)

StoneCo Ltd. (Post market) (Sector- FinTech)

Stock Market Live Updates: Economic Calendar – 10.11.2023

12:30 U.K. GDP m/m (Expected: 0.0% vs Previous: 0.2%)

12:30 U.K. Industrial Production m/m (Expected: -0.1% vs Previous: -0.7%)

17:30 INDIA Industrial Production y/y (Expected: 4.2% vs Previous: 10.3%)

17:30 INDIA Manufacturing Production y/y (Expected: 3.8% vs Previous: 9.3%)

20:30 U.S Prelim UoM Consumer Sentiment (Expected: 63.4 vs Previous: 63.8)

Share Market Live Updates: Securities In F&O Ban For Trade Date 10-Nov-2023

CHAMBALFERT

DELTACORP

GNFC

MCX

Stocks to Watch: BSE- listed Moneyboxx to enter Gujarat by year-end, southern region next year

BSE-listed Moneyboxx Finance Ltd, which finances livestock farmers, plans to expand its footprint to Gujarat by the year-end and southern States such as Tamil Nadu, Karnataka and Telangana by next year.

Stock Recommendations: Shree Cement (Hold)

Shree Cement’s reported volume grew by 10 per cent to 8.20 mtpa, driven by higher demand. Moreover, the company’s capacity expansion plan is progressing well and these capacities would commence operations in a phased manner over Q3-FY24-Q2-FY25. The said capacities coming on stream and ramp up of recently commissioned capacity in the East region (3 mtpa)would drive the company’s volume growth moving ahead.

Stock Recommendations: IRCTC (Hold)

Indian Railway Catering and Tourism Corporation (IRCTC) revenues increased by 23.5 per cent y-o-y primarily led by 29 per cent y-o-y increase in catering and 63 per cent y-o-y growth in Tourism revenues. There is a pipeline of 200 trains for train side vending and 451 Vande Bharat trains can be added in the coming years. As a result we are building robust growth in catering and Tourism revenues resulting in CAGR growth of 18 per cent and 29 per cent over FY23-FY25.

Buzzing Stocks: Stocks that will see action today: November 10, 2023

EASF Small Finance Bank, ICICI Bank, ICICI Securities, Reliance Industries, Ashok Leyland, Hero MotoCorp, ESAF Small Finance Bank, GR Infraprojects, Coal India, ONGC, LIC, Hindalco, M&M, SAIL, Blue Jet Healthcare, HAL, Garden Reach, HUDCO

Policy Initiatives: India-US 2+2 Ministerial Dialogue to address defence, tech, and global conflicts

The India-US 2+2 Ministerial Dialogue on Friday is set to focus on bilateral cooperation in areas such as defence & security and technology value chain as well as pressing global matters, including the on-going Russia-Ukraine war and the Israel-Palestine conflict.

Minister of External Affairs S Jaishankar and Defence Minister Rajnath Singh will co-chair the dialogue with their counterparts, US Secretary of State Antony J. Blinken and Secretary of Defence Lloyd J. Austin III, according to the Ministry of External Affairs.

Jaishankar and Singh will also hold bilateral talks with Blinken and Austin, respectively.

Technicals: Day trading guide for November 10, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Stock Recommendations: Stock to buy today: KFin Technologies (₹509.6)

KFin Technologies’ stock has been moving in a sideways trend since mid-September. It was largely oscillating between ₹445 and ₹490. On Thursday, the stock broke out of the resistance at ₹490, opening the door for further upside. We expect the stock to rally especially on Friday. Hence, the stock of KFin Technologies can be considered for intraday buy trades.

Stock Market Live Updates: Asia’s equities weaken in response to Powell’s hawkish tone

Asian equities experience a downturn following Jerome Powell’s caution regarding the possibility of further interest rate hikes, which has subdued the enthusiasm in both stocks and bonds, leading investors to favour the dollar.

The Japanese Nikkei 225 index witnessed a decline of 1.12%, equivalent to 366.55 points, settling at 32,279.91. Concurrently, the TOPIX index showed a 0.82% drop, translating to a decrease of 19.16 points to reach 2,315.22. South Korea’s KOSPI experienced a decline of 1.09%, shedding 26.36 points to close at 2,400.72, while Australia’s S&P ASX 200 also registered a 0.56% decrease, with a loss of 39.60 points, ending the day at 6,975.30 points.

In parallel, the Dow Jones Industrial Average retreated by 220.33 points, equivalent to a 0.65% decline, to conclude at 33,891.94, and the S&P 500 saw a loss of 35.43 points, representing a 0.81% decrease, closing at 4,347.35. Additionally, the Nasdaq Composite reported a decrease of 128.97 points, reflecting a 0.94% drop, with a closing value of 13,521.45.

The yield on Treasury bonds increased on Thursday, with the two-year yield surpassing 5%, and both the five-year and 10-year rates rising by more than 10 basis points.

Federal Reserve Chair Powell’s remarks, which implied a more hawkish stance, conveyed that central bank officials are ready to tighten monetary policy further if necessary.

Stock Market Live Updates: Federal Reserve’s Powell stirs concerns: U.S. stocks decline on inflation fears

U.S. stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.

Powell said central bank officials “are not confident” interest rates are high enough to tame inflation, and may not get much more help from improvements in the supply of goods, services and labour.

The Dow Jones Industrial Average fell 220.33 points, or 0.65%, to 33,891.94, the S&P 500 lost 35.43 points, or 0.81 %, to 4,347.35 and the Nasdaq Composite lost 128.97 points, or 0.94 %, to 13,521.45. – Reuters