30th November 2022
Bse Sensex Closed @ 63099.65 ⬆️ 417.81 Points
Nse Nifty Closed @ 18758.35 ⬆️ 140.30 Points
Bank Nifty Closed @ 43231.00 ⬆️ 177.55 Points
India VIX Closed @ 13.8075 ⬆️ 0.1925 Points
November Month 2022
Bse Sensex Closed @ 63099.65 ⬆️ 1547.05 Points
Nse Nifty Closed @ 18758.35 ⬆️ 500.55 Points
Bank Nifty Closed @ 43231.00 ⬆️ 1677.10 Points
India VIX Closed @ 13.8075 ⬇️ 1.9500 Points
Today's Board Meetings 30-Nov-22
DECNGOLD General
DHARFIN Quarterly Results
EIGHTY General
GLCL A.G.M.
ICL Stock Split
JANUSCORP Bonus issue
KPIGREEN Bonus issue;General
LELAVOIR General
QUINT General;Rights Issue
SIKOZY General
SINDHUTRAD General
Today's Corporate Action 30th Nov Ex Date
CHANDRAP Stock Split From Rs.10/- to Rs.2/-
MLKFOOD Interim Dividend - Rs. - 2.5000
SECURCRED E.G.M.
Investors Meetings
One 97 Communications: The company will host an analyst and investor meeting in Mumbai.
Navin Fluorine International, Aegis Logistics, Havells India: Officials of the company will attend IIFL's Invest India conference.
EKI Energy Services: Officials of the company will interact with HSBC Securities, JM Financial, Mission Holdings, and Aditya Birla Sun Life AMC.
JK Cement: Officials of the company will interact with investors.
Hindustan Zinc: Officials of the company will interact with prospective investors via non-deal road shows, for disinvestment of residual government's shareholding in the company.
Indiabulls Housing Finance: The company holds virtual brokers and analyst meetings for the announcement of the public issue of NCDs.
Voltas: Officials of the company will interact with Bank of America Securities.
HPL Electric & Power: Officials of the company will interact with PI Square Investments.
Paras Defence and Space Technologies: Officials of the company will interact with analysts and institutional investors in Antique Singapore non-deal roadshows.
Alkem Laboratories: Officials of the company will interact with Phillip Capital PMS.
Infibeam Avenues: Officials of the company will interact with Credit Suisse India Wealth Management, and DAM Capital.
Hindware Home Innovation: The management of the company would be meeting investors from Nalanda Capital Pte. Ltd.
Fine Organic Industries: Officials of the company will be attending the investor conference hosted by Prabhudas Lilladhar.
In News
IDFC: Market watchdog Sebi has approved the change in control of IDFC Mutual Fund. In April 2022, the board of directors of IDFC and IDFC Financial Holding Company had approved the divestment of IDFC Asset Management Company and IDFC AMC Trustee Company to the consortium. The consortium comprised Bandhan Financial Holding, Lathe Investment Pte. Ltd. (affiliate of GIC), Tangerine Investments, and Infinity Partners (affiliates of ChrysCapital).
Biocon: Biocon Biologics and its subsidiary completed the acquisition of the biosimilars businesses and assets of Viatris Inc. Biocon subsidiaries acquired businesses through the purchase of 100 percent stake in Biosimilar NewCo (BNCL), a company incorporated in the United Kingdom; and subscription to 100% stake in Biosimilar Collaborations Ireland (BCIL), a company incorporated in Ireland. With this, BNCL and BCIL have become step-down subsidiaries of Biocon Biologics and indirect subsidiaries of Biocon. The multi-billion-dollar and value accretive transaction included upfront cash payment of $2 billion and issuance of CCPS worth $1 billion.
Usha Martin: Promoter Peterhouse Investment Ltd and PACs offloaded 2.5 lakh shares or 0.08 percent stake in Usha Martin via open market transactions on November 29. With this, its shareholding in the company reduced to 1.13 percent, down from 1.21 percent earlier.
Kilpest India: Subsidiary 3B BlackBio Biotech India signed a non-binding letter of intent to acquire 100 percent stake in a Europe-based life science products manufacturer. An exclusivity period of 60 days has been agreed upon between the parties to complete due diligence.
Gland Pharma: The pharma company through its wholly owned subsidiary Gland Pharma International PTE. Ltd, Singapore, has entered into a Put Option Agreement to acquire 100 percent of Cenexi Group. Cenexi Group will be acquired for an equity value of up to 120 million euro. Cenexi, along with its subsidiaries, is engaged primarily in the business of contract development and manufacturing organisation (CDMO) of pharmaceutical products with expertise in sterile liquid and lyophilized fill finished drugs.
Bharat Bijlee: Life Insurance Corporation of India sold a 2.15 percent stake in Bharat Bijlee via open market transactions. With this, LIC's shareholding in the company reduced to 4.54 percent, from 6.69 percent earlier.
Inox Green Energy Services: Inox Wind and its subsidiary Inox Green Energy Services, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs 411 crore) towards reducing their debt. Consequently, the corporate guarantees given by Gujarat Fluorochemicals, have also got reduced to that extent. Both companies are in the process of further reducing their debt in due course.
Key events this week:
EIA crude oil inventory report, Wednesday
China PMI, Wednesday
Fed Chair Jerome Powell speech, Wednesday
Fed releases its Beige Book, Wednesday
US wholesale inventories, GDP, Wednesday
S&P Global PMIs, Thursday
US construction spending, consumer income, initial jobless claims, ISM Manufacturing, Thursday
BOJ’s Haruhiko Kuroda speaks, Thursday
US unemployment, nonfarm payrolls, Friday
ECB’s Christine Lagarde speaks, Friday
Some of the main moves in markets:
Stocks
The S&P 500 fell 0.4% as of 2:30 p.m. New York time
The Nasdaq 100 fell 0.9%
The Dow Jones Industrial Average fell 0.2%
The MSCI World index was little changed
Currencies
The Bloomberg Dollar Spot Index fell 0.1%
The euro was little changed at $1.0330
The British pound was little changed at $1.1952
The Japanese yen rose 0.3% to 138.60 per dollar
Cryptocurrencies
Bitcoin rose 1.4% to $16,425.5
Ether rose 3.7% to $1,215.53
Bonds
The yield on 10-year Treasuries advanced seven basis points to 3.75%
Germany’s 10-year yield declined seven basis points to 1.92%
Britain’s 10-year yield declined three basis points to 3.10%
Commodities
West Texas Intermediate crude rose 1.4% to $78.30 a barrel
Gold futures rose 0.5% to $1,764.50 an ounce.
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