Adani Enterprises crashed 10% opening at ₹2539.35 a share on Thursday

The Nifty Bank index was trading 1.01 per cent at 50115.85.

On the technical charts, the RSI of the stock stood at 43.22.

Adani Energy Solutions Ltd tumbled 20 per cent to hit its lower circuit limit at Rs 697.70. Adani Green Energy Ltd plunged 17.97 per cent at Rs 1,158. Adani Power shares sank 13.77 per cent at Rs 451.95.  

Morgan Stanley maintains a cautious stance on the chemical sector, retaining an "Overweight" rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.

The stock quoted a 52-week high price of Rs 6276.20 and low of Rs 3350.05.

According to ABC News, quoting court records, the arrest warant on Gautam Adani will be given to foreign law enforcement authories.

On the technical charts, the RSI of the stock stood at 68.

The Nifty 50 index recovered slightly after a seven-day losing streak, but the broader market, particularly small-cap stocks, witnessed significant declines. Some small-cap stocks plummeted by as much as 78% from their 52-week highs, reflecting a bearish market sentiment.

The Indian rupee hit an all-time low against a strengthening dollar, fueled by foreign investment exits and fading expectations of US interest rate cuts. Despite likely intervention by the Reserve Bank of India, the rupee weakened to 84.4225 per dollar. Indian equities also fell, impacted by losses in Adani Group stocks following fraud charges against its chairman.

Senior Congress leader Jairam Ramesh said that the U.S. vindicated the demand that the Congress was making for a JPC investigation into the various alleged scams

The CBDT has released a new circular on condoning delays in filing ITR, replacing previous guidelines, effectiveOctober 1, 2024.

Geojit Financial Services has issued a buy call for Suzlon Energy, setting a target price of Rs 68. They project a 67% CAGR in WTG deliveries for FY24-27E, driven by anticipated growth in Indian wind installations. Geojit cites attractive valuations, recent order wins, and the acquisition of Renom Energy as key drivers for their positive outlook.

Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments

GQG has investments in Adani Green Energy, Adani Energy Solutions, Adani Power, Ambuja Cements and Adani Ports among Adani group companies.

Five Nifty500 stocks, including Vijaya Diagnostic, Kalyan Jewellers, and Granules India, formed a bullish "White Marubozu" pattern on November 19, signaling strong buying pressure and potential future price gains.

The Nifty index experienced volatility, closing lower after erasing early gains. Analysts suggest weakness may persist, with support levels at 23,350 and 23,200. A Bear Put Spread strategy is recommended to capitalize on the anticipated downward movement.

Choice Equity Broking has issued a buy call for Glenmark Pharmaceuticals, setting a target price of Rs 1,779. The brokerage projects robust growth for the pharmaceutical company, fueled by new product launches and expanding margins. They anticipate a 14.8% revenue CAGR and a 44.7% EBITDA CAGR from FY24-27E. Glenmark recently reported a consolidated total income of Rs 3473.

The Climate Change Performance Index report leaves the first three places empty followed by Denmark and the Netherlands while the largest two emitters, China and the U.S., remain very low at 55th and 57th place, respectively

The U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani, founder and chairman of the Adani Group, with allegedly defrauding American investors and bribing officials

The U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani, founder and chairman of the Adani Group, with allegedly defrauding American investors and bribing officials

The U.S. Securities and Exchange Commission (SEC) has charged billionaire Gautam Adani, founder and chairman of the Adani Group, with allegedly defrauding American investors and bribing officials

Adani Green raised more than $175 million from US investors and Azure Power’s stock was traded on the New York Stock Exchange during the alleged bribery scheme, SEC said in a statement.

JSW Steel shares are expected to be in focus on Thursday after the company announced that it has been declared the preferred bidder for Codli Mineral Block XII in Dharbandora, Goa. The company submitted the highest final offer, valued at 92.60% of the mineral dispatched.

Mr. Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contract

The indictment by the United States Department of Justice (DoJ) and United States Securities and Exchange Commission issued a criminal indictment and civil complaint on the Adani group and their board members Gautam Adani, Sagar Adani , Vineet Jain among others on Thursday.

The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.

The Indian market is expected to consolidate on November 21, 2024, due to muted global cues. Nifty futures closed with a slight loss on Tuesday, and the market was shut on Wednesday. Experts recommend stocks like Varun Beverages, Coromandel International, Tech Mahindra, and Indigo as top trading ideas, with specific targets and stop-loss levels for short-term traders.

Adani Energy Solutions has acquired a 100% stake in Pune-III Transmission Limited (PTL) through a Share Purchase Agreement with PFC Consulting. The acquisition aligns with Adani Energy’s strategy to boost shareholder value and supports renewable energy evacuation from Khavda RE Park. PTL’s projects include establishing high-voltage substations and a 322 km transmission line.

CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.

UPL announced a rights issue to raise Rs 3,378 crore, offering shares at a 34% discount. The move aims to reduce debt, enhance liquidity, and fund strategic growth. This comes as the company reported a second-quarter net loss of Rs 443 crore despite a 22.3% rise in revenue.

The discussion is more about whether this is the right entry point or there is more that we could see to get a better entry point, I think that is really what the discussion has moved to.

Adani Group canceled a $600 million bond offering after US prosecutors accused founder Gautam Adani of bribery. The charges allege Adani promised over $250 million in bribes to secure solar energy contracts.

Twelve companies, including Orient Technologies and Steelcast, have set November 22nd as the ex-dividend date. Investors looking to receive dividends from these companies must purchase shares before this date. The article lists each company and their respective dividend amounts.

Adani stocks: Adani Enterprises is down 6 per cent in the past one month against a 4.49 per cent drop in the BSE Sensex. Adani Power plunged 14.29 per cent while Adani Energy Solutions tanked 16.53 per cent during the same period.

An analyst from Master Capital said that Indian Hotels shows a strong bullish momentum as the price has recently broken above previous highs, indicating renewed buying interest.

The Supreme Court of India has ruled that telecom companies can claim tax credits for duties paid on equipment like tower components and shelters. This decision overturns a previous Bombay High Court ruling and is expected to provide significant financial relief to companies like Bharti Airtel and Vodafone Idea by allowing them to claim credits previously deemed ineligible.

An analyst from Swastika Investmart said that ICICI Bank is currently on the back foot as the stock is exhibiting a bearish trend with a pattern of consecutive lower lows and lower highs.

Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit. The digital currency hit $95,004.50 in early Asian trade, with observers expecting it to soon reach $100,000. dan/cwl

Oil prices saw a slight increase on Thursday due to escalating tensions between Russia and Ukraine, raising supply concerns. Despite increased U.S. crude stocks and restored output at a North Sea oilfield, the potential for OPEC+ to delay planned production increases due to weak global demand further fueled market uncertainty.

Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.

The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.

State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.

“We believe Asia in 2025 will look very different from what it did in the past few years,” said HSBC’s analysts. “Mainland China is turning a corner, India is slowing, ASEAN is investing in new infrastructure, and, in North Asia, the story is all about AI and returning cash to shareholders through dividends and share buybacks.

The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.

The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive pricing reflects the rise in the benchmark US treasury yield since that date.

Gautam Adani indicted for securities fraud and “bribery” in solar energy project, impacting investors and officials

Gautam Adani indicted for securities fraud and “bribery” in solar energy project, impacting investors and officials

The U.S. security commission charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme

The U.S. security commission charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme

Credit Cards: Several cards give access to airport lounges but often times, there are limits to the number of times you can access these lounges within a time frame.

The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the ₹10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the deal.

There is a genuine problem and the Ministry is aware of that, Mr. Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62% of imports are from FTA countries

Despite festive spending and a recovering agricultural sector boosting the Indian economy, rising inflation threatens to undermine growth, particularly in industry and exports, according to RBI researchers. While financial markets experience corrections due to a strengthening US dollar and foreign investment outflows, the RBI remains committed to price stability and growth.

Mobile towers and pre-fabricated buildings fall within the definition of ‘capital goods’ or ‘inputs’ under CENVAT Rules; assessees entitled to credit on excise duties paid on these goods: apex court

The Dow Jones Industrial Average rose 27.1 points, or 0.06%, at the open to 43,296.05.

Considering you have 18 years to retirement, you can consider a combination of BAFs and aggressive hybrid funds to generate better risk-adjusted return.

It’s tough to negotiate a budget in public with a glitchy CMS

Personal loan: If you want to raise ₹10 lakh to go on a vacation to the US, your monthly instalment on the loan will depend on the rate of interest that the bank charges and the tenure of repayment

Personal loan: If you want to raise ?10 lakh to go on a vacation to the US, your monthly instalment on the loan will depend on the rate of interest that the bank charges and the tenure of repayment

The 30-component BSE Sensex closed the day with a minor uptick, gaining 0.31% or 239 points, at 77,578.38, while the Nifty 50 was up by 64.70 points or 0.28%, at 23,518.50.

Gold December futures contracts at MCX opened flat at Rs 75,537 per 10 grams, down by 0.07%, while silver December futures were trading at Rs 89,752 per kg, down by 1%. Gold prices have risen by Rs 2,300/10 grams in the last week, and silver surged by Rs 900/kg. The MCX opened for the evening session at 5 pm today due to the Maharashtra state elections.

Motilal Oswal stated that India’s long-term equity outlook remains strong, supported by corporate deleveraging and robust earnings. However, the firm advised investors to moderate their near-term return expectations. "The era of easy returns is over," the report warned, emphasizing the need for disciplined investment strategies to navigate the changing market environment.

Motilal Oswal stated that India’s long-term equity outlook remains strong, supported by corporate deleveraging and robust earnings. However, the firm advised investors to moderate their near-term return expectations. "The era of easy returns is over," the report warned, emphasizing the need for disciplined investment strategies to navigate the changing market environment.

Smart beta investing combines the benefits of active and passive strategies. The Nifty Alpha Low Volatility 30 Index focuses on stocks with high alpha and low volatility, offering stability during market downturns. The Nifty Alpha Low Volatility 30 ETF tracks this index, providing investors with a diversified, growth-oriented portfolio while minimizing market volatility. This ETF is suitable for investors seeking long-term stability and returns.

NTPC Ltd, the parent company of NTPC Green Energy Ltd (NGEL), considered prevailing market sentiments when setting the price band for NGEL’s initial public offering (IPO). The IPO, which opened today, offers shares in the price range of Rs 102-108. The subscription will remain open until Friday. The management cited market sentiment following the US election results as a key factor in their decision.

Motilal’s top large-cap picks include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), HCL Technologies, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Power Grid Corporation, Titan Company, Trent, and Mankind Pharma

Personal loan: To make informed financial choices, borrowers must understand the total costs of personal loans, including interest rates and processing fees. Consulting a financial advisor and comparing multiple lender offers can help identify the best deal.

Proceeds from the fresh issue will be used for acquisition of additional shareholding in subsidiaries -- Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics and Thomas Assessments -- funding incremental working capital requirements of the company, unidentified inorganic acquisitions and general corporate purposes.

Analysts highlight increased competition as a reason, say growth drivers in place in the long term

Sectorally, buying was seen in consumer durables, auto, realty, and IT stocks, while selling was observed in oil & gas, energy, and metal stocks.

HDFC Bank stock: Nirmal Bang said while the higher deposit growth is likely to impact net interest income (NII) growth in the near term, it is positive on HDFC Bank for the long term.

Derivatives go beyond serving as mere hedging instruments; they offer advanced strategies tailored to varying market conditions. By examining option chain data and employing techniques such as straddles and iron condors, investors can capitalize on opportunities in both volatile and stable market environments.

According to ISRO Chairman S. Somanath, during the COVID-19 pandemic, the non-availability of sensors had choked the production line of automobiles

According to ISRO Chairman S. Somanath, during the COVID-19 pandemic, the non-availability of sensors had choked the production line of automobiles

Shares of Eicher Motors gained nearly 2 per cent to settle at Rs 4,964.70 on Tuesday, commanding a total market capitalization of 1.36 lakh crore. 

Listed in June 2018, shares of RITES settled at Rs 274.70 on Tuesday, rising 1.53 per cent for the day, commanding a total market capitalization above Rs 13,200 crore. 

KYC validation is crucial for mutual fund investments. An incomplete KYC can hinder new investments and complicate current management. Use your PAN and Aadhaar to validate your KYC for smooth investing.

Credit card users significantly prefer online shopping during festive sales, with over 48% relying solely on credit cards for online purchases. Discounts and offers on platforms like Amazon and Flipkart, along with cashback options, drive this shift in consumer behavior.

Waaree Energies share price: The stock settled on Tuesday 6.93 per cent lower at Rs 2,899.45. At this closing value, the stock has slipped 22.49 per cent from its all-time high value of Rs 3,740.75, a level seen earlier this month on November 6.

A year or two of poor initial returns won’t affect a conservative retirement portfolio. But for an aggressive one, those initial losses will be damaging even if there is a strong recovery in equities.

About eight small-cap stocks have faced a significant setback, slipping by over 40% in FY25

Market expert Shankar Sharma issued a cautionary note to Indian investors, criticizing a recent report from global brokerage firm CLSA that shifted its investment focus from China to India. In a post on X (formerly Twitter), Sharma labeled the report as a "trojan horse" and a "typical trap" for retail and domestic institutional investors (DIIs), warning against excessive optimism in the current market environment.

Agrochemicals manufacturer UPL announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, according to its filing with stock exchanges on November 20. The funds will be raised by issuing 9.38 crore partly paid-up equity shares. The issue price represents a 34% discount to UPL’s closing price of Rs 546.85 on November 19.

The multibagger stock closed 0.56% higher at Rs 190.10 against the close of Rs 189.05 on November 18 on BSE. Market cap of the firm rose to Rs 24,785 crore.

The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.

At 77,578.38, the BSE Sensex is down 8,399.87 points, or 9.76 per cent over its all-time high of 85,978.25 hit on September 27. Nifty at 23,518.50 is down 2,758.85 points, or 10.50 per cent, over its record high of 26,277.35.

Last month, the capital markets regulator made at least six changes in a single go to strengthen the equity futures & options (F&O) segment and half of these will come into effect starting today.

Last month, the capital markets regulator made at least six changes in a single go to strengthen the equity futures & options (F&O) segment and half of these will come into effect starting today.

Suzlon Energy stock closed 4.97% higher at Rs 62.35 on BSE. The renewable energy stock touched an intra day high of Rs 62.37 on Tuesday.

We are discovering numerous compelling opportunities for growth and margin expansion in FMCG, metals & mining, and pharmaceuticals. Additionally, our investments in power financing, railways, and capital goods are now attractively valued. The companies in our portfolio offer robust revenue visibility backed by a strong order book and are achieving impressive results driven by improved execution capabilities, says Mohit Khanna, Fund Manager at Purnartha.

Credit cards have expiry dates, beyond which they cannot be used. Issuers set these dates for security upgrades and to prevent wear and tear. Check the expiry on the card and statements, renew subscriptions, dispose of expired cards safely, and keep contact details updated with the issuer.

Russia’s retaliatory restrictions on exports to the US have yet to hit prices