Closing Indices

25th November 

Bse Sensex Closed @ 62293.64 ⬆️ 20.96 Points 

Nse Nifty Closed @ 18512.75 ⬆️ 28.65 Points 

Bank Nifty Closed @ 42983.95 ⬇️ 91.45 Points 

India VIX Closed @ 13.3325 ⬇️ 0.1450 Points

Weekly 21 -- 25 Nov 

Bse Sensex Closed @ 62293.64 ⬆️ 630.16 Points 

Nse Nifty Closed @ 18512.75 ⬆️ 205.10 Points 

Bank Nifty Closed @ 42983.95 ⬆️ 546.50 Points 

India VIX Closed @ 13.3325 ⬇️ 1.0575 Points

In News

In News

Lupin: The USFDA has issued Form-483 with 8 observations for the drug product facility and API facility at Mandideep. The US drug regulator has inspected company's Mandideep unit-1 facility during November 14-23, 2022. "We do not believe this will have an impact on disruption of supplies or the existing revenues from operations of this facility," the company said.

Hariom Pipe Industries: The company has completed the setting up of its 15 ton electric melting furnace and the commercial production from the same will commence from November 25, 2022. This will increase the company's production of MS billets from the current 95,832 MTPA to 1.04 lakh MTPA.

Punjab National Bank: The public sector lender has received approval of DIPAM, Ministry of Finance, for divestment of stake in UTI Asset Management Company in single or multiple tranches. As of now, PNB holds 15.22 percent stake in UTI AMC. The objective is to realise gain on investment.

Tube Investments of India: The auto ancillary company will pick 50 percent stake in X2Fuels and Energy, a start-up company engaged in developing processes to convert waste to liquid/solid fuels, for Rs 6.15 crore. Tube Investments has signed shares' subscription agreement with X2Fuels and Energy, and its founders.

Laurus Labs: The company has entered into Share Subscription Agreement and Shareholders' Agreement with Ethan Energy India for buying 26 percent stake in Ethan Energy India. This will enable the company to consume 100 percent of the solar energy to be supplied by Ethan Energy India from their 10 MW solar energy plant.

Kintech Renewables: Promoters Gaurank Singhal & Aditya Singhal will sell 1.96 lakh shares or 19.69 percent stake via offer for sale on November 25 and November 28. The floor price for the sale would be Rs 480 per share.

Biocon: Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. Its stake in Biocon Biologics will be 88.85% post allotment of shares.

Investors Meet

Investors Meetings

MCX India: Officials of the company will interact with C Worldwide Asset Management.

PI Industries: Officials of company will interact with NBIE Investor Group.

Metro Brands: Officials of company will interact with Pine Bridge Investments.

Aptus Value Housing Finance India: Officials of the company will be meeting investors and analysts in London.

Tracxn Technologies: Officials of company will interact with ICICI Prudential AMC, and Param Capital Research.

BLS International Services: Officials of company will interact with Helios Capital Management Profusion Capital.

Godawari Power and Ispat: Officials of company will interact with Lucky Investments, Kotak Securities, IIFL AMC, Kotak AMC, ICICI Pru, and Monarch Networth.

Tega Industries: Officials of company will interact with Securities Investment Management, and Kotak PCG.

Key Events

Key events this week:

ECB publishes account of its October policy meeting, Thursday

US stock and bond markets are closed for the Thanksgiving holiday, Thursday

US stock and bond markets close early, Friday

Some of the main moves in markets:

Stocks

Futures on the S&P 500 rose 0.3%, climbing for the third straight day, the longest winning streak since Nov. 8 as of 2:33 p.m. New York time

Futures on the Dow Jones Industrial Average rose 0.2%, climbing for the third straight day, the longest winning streak since Nov. 8

The MSCI World index rose 0.4%, climbing for the third straight day, the longest winning streak since Nov. 8

Currencies

The Bloomberg Dollar Spot Index fell 0.2%, falling for the third straight day, the longest losing streak since Nov. 8

The euro was little changed at $1.0405

The British pound rose 0.5% to the highest since Aug. 12

The Japanese yen rose 0.8% to the highest since Aug. 26

Cryptocurrencies

Bitcoin rose 0.6% to $16,566.67

Ether rose 2.9% to $1,203.05

Bonds

Germany’s 10-year yield declined eight basis points to 1.85%

Britain’s 10-year yield advanced three basis points to 3.04%

Commodities

West Texas Intermediate crude was little changed

Gold futures rose 0.5%, more than any closing gain since Nov. 11.