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Nifty and Sensex ended higher, led by gans in metal, PSU bank, energy and pharma stocks. The Sensex closed 0.34% higher at 58664.33 and Nifty was up 0.50% at 17503.35.
Broader markets also recovered as Nifty MidCap 100 rose 1.76% and BSE SmallCap jumped 1.81%.
All Nifty sectoral indices ended in the green. Top gainers among Nifty sectoral indices were Metal (3.30%), PSU Bank (2.39%), Realty (2.16%), Energy (2.03%) and Pharma (1.85%).
Indian rupee ended 3 paise down to close at 74.42 against the US dollar.
Latent View Analytics shares ended at Rs 488.6 apiece on BSE, a premium of 148 percent over its issue price. Earlier in the day, the stock debuted in the secondary market at a premium of 169 percent
Stock in News Today
Greaves Cotton: Shares of the company rose 7.4% after the company said its e-mobility arm opened its largest EV production facility in Ranipet, Tamil Nadu. The facility is part of the Rs 700 crore investment roadmap announced by the company to expand its market share in the Indian electric vehicle segment.
Airtel: The company’s data center subsidiary Nxtra has launched its new hyperscale data centre park in Chennai. This will be Nxtra’s third largest data centre in Chennai. The 38 Mega Watt data center is fully integrated with the company’s global submarine cable network to offer end-to-end solution to customers. Nxtra by Airtel now operates the largest network of data centers in India with 11 hyperscale and 120 edge data centers.
SpiceJet: The airline is planning to induct 50 ‘737 Max’ planes of Boeing in its fleet by December 2023, CMD of the low-cost airline, Ajay Singh, said. Two SpiceJet’s Max planes out of the total 13 in its fleet have started operating commercial flights since Sunday, he said at a press conference here.
Vodafone Idea: The telco will raise its telecom tariffs by at least 20 per cent from November 25, following bigger rival Airtel’s announcement. The company said this will help the company to improve its average revenue per user and will help address the financial stress in its balance sheet.
IndusInd Bank: The lender said that Shalabh Saxena and Ashish Damani, appointed chief executive officer and chief financial officer of Spandana Sphoorty, cannot be relieved from their services at Bharat Financial Inclusion Ltd, a subsidiary of IndusInd, until a review of certain transactions at the present company is completed. The bank said they have to serve the notice period.
Tata Consultancy Services: The IT major and Swiss Re, a Switzerland-based reinsurance company, have expanded their strategic partnership. TCS will help Swiss Re build a social and open digital workspace leveraging the Cloud to drive greater collaboration and innovation.
HDFC Bank and Equitas SFB: The two banks have joined hands to launch a co-branded credit cards which will be available in two categories. The first category is the ‘Excite Credit Card’ that offers a credit limit between Rs 25,000 to Rs 2 lakh. The second category is the ‘Elegance Credit Card’ will offers credit of over Rs 2 lakh.
TVS Motor Company: The two-wheeler maker has announced that it has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for investment in future technologies and electric vehicles. TVS Motor will invest Rs 1,200 crore in Future Technologies and EVs in the next four years. The investment will focus on design, development and manufacturing of new products and capacity expansion in EVs, the company said.