Markets

Macro data, new COVID variant updates to drive stock markets this week: Analysts

A World Health Organisation panel has named the new COVID strain 'Omicron' and classified it as a highly transmissible variant of concern, the same category that includes the Delta variant.
stock market

Torrent Pharma Rating ‘Buy’; Firm has advantage on RM pressures

FY22/23/24e EPS down ~10-11%; TP reduced to Rs 3,202; upgraded to ‘Buy’ rating

The generics markets in the US and Germany remain challenging, with no visibility on the clearance of manufacturing plants by the USFDA. However, we expect a modest revival in the sales from the current low base.

Bharti Airtel Rating ‘Buy’; Quantum of tariff hike a positive surprise

India mobile estimates up 8-15%; Ebitda CAGR of 21% is expected over FY22-24e; TP up to Rs 925 from Rs 860; ‘Buy’ retained

We raise our India mobile estimates by 8-15% to factor in tariff hike and expect Bharti to deliver 21% Consolidated Ebitda CAGR in FY22-24. Maintain Buy with a revised PT of Rs 925.

Tega Industries sets price band at Rs 443-453 for Rs 619-crore IPO

Currently, the promoters hold an 83.21% stake, while Wagner holds 14.62%. Post-Issue, the promoters' stake will come down to 77.21%, the management said in a press conference on Friday.

As of FY21, revenues from operations stood at Rs 856.68 crore, against Rs 643.01 crore in the previous year. Net profit during the same period was Rs 136.40 crore.

Stocks sink on fears of COVID-19 variant; S&P drops 1.4%

Shanghai, Frankfurt and Hong Kong also declined sharply. Futures for the Dow Jones Industrial Average dropped more than 2per cent.Some European countries already tightened anti-virus controls this wee

Dow drops 800 points at open, Europe, Asia markets fall sharply, oil down 7% as new COVID-19 variant rattles investors NEW YORK

Wheat sowing up 3.36 pc so far: Agriculture Ministry

The crop year in India runs from July to June. Sowing has been undertaken so far in more than 50 per cent of the normal rabi area of 625.14 lakh hectare.

Area sown to coarse cereals and nutri cereals were slightly lower at 25.87 lakh hectare compared to the year-ago period.

Tomato price rises to Rs 75 per kg in national capital

On Friday, in Puducherry, tomato price declined to Rs 45 per kg from Rs 100 per kg on November 22. However, in Hyderabad, the price softened slightly to Rs 72 per kg from Rs 90 per kg that prevailed d

Even supply of tomato to other parts of the country from key growing states of Andhra Pradesh and Karnataka has been affected.

Sebi asks RTAs to publish investor charter, disclose complaint data on websites

The new guidelines will come into effect from January 1, 2022, the Securities and Exchange Board of India (Sebi) said in four separate circulars.

This came after the Securities and Exchange Board of India (Sebi) came out with investor charter last week.

Sebi grants recognition to BASL as accreditation agency

The recognition has been granted for three years with effect from December 01, 2021, as per the release.

The procedure for accreditation of an investor and verification of accreditation status of an investor by investment providers and other modalities along with relevant circulars shall be displayed on the website of BASL and BSE.

SEBI mulls overhauling preferential allotment rules

Sebi said that representations have been received stating that the norm of 26 weeks' period is a very long period for determining the price considering the market volatility.

SEBI 02

Sensex nosedives on Black Friday; Nifty may test 16400-16500 if bearish trend continues

Bears dominated Dalal Street on Friday amid a global sell in equities as investors gauged the impact of a new covid-19 variant.

Sensex, Nifty

Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds

"The bank has received total bid amount of Rs 5,308 crore, out of which the issuance was finalised for Rs 1,997 crore at 7.95 per cent (per annum)," BoB said in a regulatory filing.

bank of baroda

Investors lose over Rs 7.35 lakh cr as markets plummet

Tracking the weak trend, the market capitalisation of BSE-listed companies slumped by Rs 7,35,781.63 crore to reach Rs 2,58,31,172.25 crore.

investment

Tega Industries sets IPO price band at Rs 443-453/share

As a part of the offer for sale, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.

tega industries IPO

IEX shareholders approve bonus issue, increase in authorised share capital

In a regulatory filing the company said the shareholders of the company have approved the resolutions as contained in the notice by requisite majority on November 25, 2021, through remote e-voting pos

IEX

Nifty shorts still intact, continue to sell on rise till index breaches 17900-18000 range

We reiterate that till the time we do not surpass 17900 – 18000, one should continue with a sell on rise strategy.

Nifty 50

Tarsons Products shares rally after lukewarm debut; stock soars 27% from IPO price post listing

Tarsons Products stock listed at Rs 700 per share, up Rs 38 or 5.74% from the upper end of the IPO price band of Rs 662 apiece. However, shares rallied sharply after tepid listing.

tarsons products share price

Petrol and diesel price today November 26: Rates unchanged for 22nd day; Check price in Delhi, Mumbai here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on November 26 were left unchanged for the 22nd day, keeping rates in Delhi, Mumbai, Chennai, and Kolkata above Rs 100 per litre mark.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Global markets: Stocks slip, havens rally as new COVID-19 variant spooks investors

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3%, its sharpest drop since September.

global markets

Bharti Airtel, Tarsons Products, ITC, TCS, BPCL among stocks in focus today

SGX Nifty was down in red on Friday morning. Investors can watch out for stock-specific action today.

Share Market Highlights: Freaky Friday sends Sensex 1687 points lower, to end at 57107, Nifty holds just above 17000

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Dalal Steet benchmark indices closed deep down in red as investors gauged the impact of the new covid variant. India VIX zoomed 25%.

Share Market Today, Share Market Live

Govt should take a stand on cryptocurrencies: Paytm founder Vijay Shekhar Sharma

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is among 26 new bills on the agenda for the winter session of Parliament beginning November 29.

He added, “We Indians are more critical of ourselves than outsiders. International investors have far better expectations of us and far better encouraging words for us than we Indians ourselves would have.”

Latent View Analytics rallies for 3rd straight day after listing

The stock price has jumped more than three times since its listing on November 23. The company also became the third-best debutante in the year after Sigachi Industries and Paras Defence and Space Tec

However, retail investors should avoid the stock at current levels and should wait for the next quarter results or significant dips to accumulate further, according to analysts. (Representative image)

Tata Teleservices soars over 1,100% in one year

The stock has surged over 1,100% in the last one year, from ₹7.8 in October 2020. The stock is up 75% in the ongoing month itself. On November 10, the exchange had sought clarification from the comp

However, the company in an exchange filing on the same day said, “At this stage, there is nothing further to disclose.”
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