Market extends rally and Himadri Speciality forays into lithium-ion batteries. To read more click here:
https://upstox.com/market-talk/market-extends-rally-2/
https://upstox.com/market-talk/market-extends-rally-2/
Network18 and TV18 announce merger
🔹News: Network18 Media and TV18 Broadcast have announced a merger. This consolidation will bring together TV and digital news under the Network18 umbrella. Shareholders of TV18 Broadcast will get 100 shares of Network18 for every 172 shares held in TV18.
🔹Impact: Shares of the media company are down by 7.7% compared to an 8.4% rise yesterday.
🔹News: Network18 Media and TV18 Broadcast have announced a merger. This consolidation will bring together TV and digital news under the Network18 umbrella. Shareholders of TV18 Broadcast will get 100 shares of Network18 for every 172 shares held in TV18.
🔹Impact: Shares of the media company are down by 7.7% compared to an 8.4% rise yesterday.
Good afternoon,
Markets are trading in the red, with the NIFTY50 trading near 20,900 as of 1:15 pm. Here are the top stories for the day!
Top gainer: Adani Ports: 1,048 ▲ 9 (+3.0%)
Top loser: ONGC: 197 ▼ 4 (-2.0%)
⭐ONGC falls on lower oil prices
Shares of the oil and gas production and exploration company are down 2% today.This comes at a time when the oil prices are trading at a five-month low. Lower oil prices could dent oil companies’ profitability. Brent crude oil prices have dropped 11% in the last five sessions amid concerns of oversupply and weak demand.
⭐Sandur Manganese rises on bonus issue proposal
Shares of the manganese and iron ore miner rose more than 11% intraday after the company said it plans to consider a bonus issue proposal for its shareholders. The company’s board is scheduled to meet on 18th December 2023.
⭐SpiceJet hits upper circuit on capital raise
Shares of the airline's operator hit a 20% upper circuit today. This rise comes after the company announced that its board of directors will meet on 11 December to discuss options for raising fresh capital through issue of equity shares.
⭐Domes IPO to open on 13th December
The IPO of Doms Industries, the stationery and art products manufacturer will be open for subscription between 13th to 15th December. The company has set a price band of ₹750-790 per share for its public issue. It plans to raise ₹1,200 crore through this IPO.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-7-december-2023/
Markets are trading in the red, with the NIFTY50 trading near 20,900 as of 1:15 pm. Here are the top stories for the day!
Top gainer: Adani Ports: 1,048 ▲ 9 (+3.0%)
Top loser: ONGC: 197 ▼ 4 (-2.0%)
⭐ONGC falls on lower oil prices
Shares of the oil and gas production and exploration company are down 2% today.This comes at a time when the oil prices are trading at a five-month low. Lower oil prices could dent oil companies’ profitability. Brent crude oil prices have dropped 11% in the last five sessions amid concerns of oversupply and weak demand.
⭐Sandur Manganese rises on bonus issue proposal
Shares of the manganese and iron ore miner rose more than 11% intraday after the company said it plans to consider a bonus issue proposal for its shareholders. The company’s board is scheduled to meet on 18th December 2023.
⭐SpiceJet hits upper circuit on capital raise
Shares of the airline's operator hit a 20% upper circuit today. This rise comes after the company announced that its board of directors will meet on 11 December to discuss options for raising fresh capital through issue of equity shares.
⭐Domes IPO to open on 13th December
The IPO of Doms Industries, the stationery and art products manufacturer will be open for subscription between 13th to 15th December. The company has set a price band of ₹750-790 per share for its public issue. It plans to raise ₹1,200 crore through this IPO.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-7-december-2023/
Watch the full video here: https://youtu.be/gD2VeTyV7n4
In a bid to boost India’s economy, the Indian government has been focusing on the infrastructure segment. Against this backdrop, we speak to Atul Tantia, Executive Director & CFO of GPT Infraprojects in episode 18 of Market Makers.
Mr Tantia is optimistic about his infrastructure company’s growth prospects over the next five years. He also dives deep into GPT Infraprojects’ business model and the industry dynamics. From cash flows and ROCE to revenue visibility and key projects – take a look at this video to understand how GPT Infraprojects and the infra sector have evolved over the last four decades.
In a bid to boost India’s economy, the Indian government has been focusing on the infrastructure segment. Against this backdrop, we speak to Atul Tantia, Executive Director & CFO of GPT Infraprojects in episode 18 of Market Makers.
Mr Tantia is optimistic about his infrastructure company’s growth prospects over the next five years. He also dives deep into GPT Infraprojects’ business model and the industry dynamics. From cash flows and ROCE to revenue visibility and key projects – take a look at this video to understand how GPT Infraprojects and the infra sector have evolved over the last four decades.
Market snaps 7-day winning streak and Paytm tanks. To read more click here:
https://upstox.com/market-talk/market-snaps-7-day-winning-streak/
https://upstox.com/market-talk/market-snaps-7-day-winning-streak/
RBI policy alert 📢
⭐ The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5%.
⭐ This is in line with the street expectations. The RBI has maintained the status quo for the fifth consecutive time.
⭐ The Indian central bank raised its GDP growth estimate to 7% from 6.5% for FY24.
⭐ RBI kept its FY24 inflation forecast unchanged at 5.4%.
⭐ The markets reacted positively, and the NIFTY50 index is up 0.4%, trading near the 21,000 mark.
⭐ The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5%.
⭐ This is in line with the street expectations. The RBI has maintained the status quo for the fifth consecutive time.
⭐ The Indian central bank raised its GDP growth estimate to 7% from 6.5% for FY24.
⭐ RBI kept its FY24 inflation forecast unchanged at 5.4%.
⭐ The markets reacted positively, and the NIFTY50 index is up 0.4%, trading near the 21,000 mark.
Good afternoon,
Markets are trading in the green, with the NIFTY50 trading above 20,950 as of 12:15 pm. Here are the top stories for the day!
Top gainer: JSW Steel: 843 ▲ 24 (+2.9%)
Top loser: Adani Ports: 1,022 ▼ 17 (-1.7%)
⭐ RBI keeps the repo rate unchanged
The Indian central bank has maintained the status quo by keeping the rates unchanged at 6.5%. It is in line with the street expectations. This comes at a time when the retail inflation continues to be above the RBI’s target of 4%.
⭐ IRB Infra gains on robust toll collection
Shares of the infrastructure company are up 5.5% in the early trade. This a day after the company reported 20% year-on-year (YoY) growth in its toll collection in November 2023. The management said that the company witnessed continued rise in toll collection, despite Diwali holidays, which briefly slowed down momentum of economic activities across India for almost a week.
⭐ Suraj Estate Developers IPO launch on 18 December
The real estate developer's IPO is open for subscription from December 18 to December 20, 2023, aiming to raise ₹400 crore. The funds will primarily go towards repaying ₹285 crore in debts, allocating ₹35 crore for land acquisition in the Mumbai Metropolitan Region. The remaining proceeds will be used for general corporate purposes.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-8-december-2023/
Markets are trading in the green, with the NIFTY50 trading above 20,950 as of 12:15 pm. Here are the top stories for the day!
Top gainer: JSW Steel: 843 ▲ 24 (+2.9%)
Top loser: Adani Ports: 1,022 ▼ 17 (-1.7%)
⭐ RBI keeps the repo rate unchanged
The Indian central bank has maintained the status quo by keeping the rates unchanged at 6.5%. It is in line with the street expectations. This comes at a time when the retail inflation continues to be above the RBI’s target of 4%.
⭐ IRB Infra gains on robust toll collection
Shares of the infrastructure company are up 5.5% in the early trade. This a day after the company reported 20% year-on-year (YoY) growth in its toll collection in November 2023. The management said that the company witnessed continued rise in toll collection, despite Diwali holidays, which briefly slowed down momentum of economic activities across India for almost a week.
⭐ Suraj Estate Developers IPO launch on 18 December
The real estate developer's IPO is open for subscription from December 18 to December 20, 2023, aiming to raise ₹400 crore. The funds will primarily go towards repaying ₹285 crore in debts, allocating ₹35 crore for land acquisition in the Mumbai Metropolitan Region. The remaining proceeds will be used for general corporate purposes.
To read more click here:
https://upstox.com/live-blog/share-market-live-bse-sensex-today-nse-nifty-stock-market-updates-8-december-2023/
Tejas Networks rises on new order win
🔹News: Tejas Networks' subsidiary, Saankhya Labs, has secured an order worth ₹96.42 Crores from NewSpace India Limited (a CPSE under Dept. of Space,
Govt. of India). The order involves supplying, installing, and commissioning MSS Terminals (Xponders) for communication systems in marine fishing vessels.
🔹Impact: Shares of the data networking products manufacturer are up 0.1%.
🔹News: Tejas Networks' subsidiary, Saankhya Labs, has secured an order worth ₹96.42 Crores from NewSpace India Limited (a CPSE under Dept. of Space,
Govt. of India). The order involves supplying, installing, and commissioning MSS Terminals (Xponders) for communication systems in marine fishing vessels.
🔹Impact: Shares of the data networking products manufacturer are up 0.1%.