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Sensex Today: Stock Market LIVE Updates: Sensex erases most gains, trades only 50 points


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Citigroup maintained its sell rating on Vedanta with a target of Rs 235. Vedanta’s board has announced a 3rd interim dividend.

Price as on 23 Nov, 2022 10:15 AM, Click on company names for their live prices.

Sandip Sabharwal on Nykaa stock

India’s online bond trading platform faces technical glitches: Traders

India’s online government bond trading platform, NDS-OM, is facing technical glitches and market participants are unable to login into the system, impacting volumes, traders said on Wednesday.

There’s an issue from Clearing Corporation of India, an online platform that provides clearing and settlement for transactions for securities, and they are trying to resolve it, a trader at a state-run bank said.

Source: Reuters

Inox Green Energy Services makes a tepid D-Street debut, lists at 8% discount

Inox Green Energy Services listed at a discount of 8% at Rs 60 on the National Stock Exchange (NSE) against the issue price of Rs 65, marking a muted debut on Dalal Street. The renewable energy player debuted at a discount of 7% per cent at Rs 60.5 as against the given issue price on BSE. Last heard, ahead of its listing, the shares of Inox Green were exchanging hands at a marginal discount in the grey market.

Inox Green Energy Services makes a tepid D-Street debut, lists at 8% discount

There is a sudden near-term positive change in global market mood that can influence the Indian market too. The US market construct has temporarily changed to ‘rising equity- falling bond yields – declining dollar index’ that can favour a near-term rally. But this construct can change quickly impacting market sentiments. There are no fundamental triggers that can lift markets to much higher levels. So a consolidation is likely in the Nifty 18050- 18350 range. FIIs have again turned sellers during the last 3 trading sessions and might sell again at higher levels. FII’s market action doesn’t reflect a coherent and consistent strategy. It appears that they are waiting for a clear trend in equity, bond and dollar indices. A clear trend in these indices can set the market direction, but it may not happen soon.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Fairfax India completes sale of equity interest in IIFL Wealth Management

Price as on 23 Nov, 2022 09:38 AM, Click on company names for their live prices.

Gautam Adani’s flagship, Adani Enterprises, has initiated its much-awaited follow-on public offer (FPO) to raise as much as 20,000 crore ($2.5 billion) from retail and institutional investors, riding on the meteoric 26-fold jump of its stock prices, said multiple persons in the know. The company has mandated Jefferies and ICICI Securities, the people cited said.

Price as on 23 Nov, 2022 09:29 AM, Click on company names for their live prices.

Dharmaj Crop Guard IPO to open on Nov 28; price band fixed at Rs 216-237

The initial public offering (IPO) of Dharmaj Crop Guard will kick off for subscription on Monday, November 28. The company will sell its shares in the range of Rs 216-237 apiece. The issue consists of fresh equity shares worth Rs 216 crore and an offer for sale (OFS) of up to 14,83,000 equity shares by the promoters and existing shareholders of the company. Manjulaben Rameshbhai Talavia, Muktaben Jamankumar Talavia, Domadia Artiben and Ilaben Jagdishbhai Savaliya are the existing investors participating in the OFS.

Stocks in focus

Price as on 23 Nov, 2022 09:21 AM, Click on company names for their live prices.

Opening Bell: Sensex up 170 pts, Nifty above 18,300; Nykaa falls 2%, Hindalco gains 2%

Opening Bell: Sensex up 170 pts, Nifty above 18,300; Nykaa falls 2%, Hindalco gains 2%

Pre-open session: Sensex surges over 400 points; Nifty above 18,340

Asia shares gain despite Chinese COVID case numbers rising

Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 69.5 points, or 0.38 per cent, higher at 18,357, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty forms bullish candle

Indicating support based buying, headline equity index Nifty formed an Inside Bar and a Bullish candle on daily frame with long lower shadow.

US stock market: S&P closes at more than two-month high on retail, energy lift

US stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as a sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares.

Oil prices climb on big drop in U.S. crude stocks

Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Brent crude futures gained 25 cents, or 0.3%, to $88.61 a barrel at 0101 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $81.30 a barrel.

Rupee rises 12 paise to 81.67 against US dollar

Snapping its four-session losing streak, the rupee appreciated by 12 paise to close at 81.67 against the US dollar on Tuesday as the American currency retreated from its elevated levels.

Sensex, Nifty on Tuesday

The 30-share Sensex ended 274 points higher at 61,419 while its broader peer Nifty 50 ended just below the 18,250 level after trading in a narrow range with investors turning extra cautious awaiting fresh cues on the US Federal Reserve’s future rate path.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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