Stock market

The Sensex fell 372 points on November 18, reflecting losses in index majors L&T, Infosys, and TCS, amid a global market downturn. At 59,636.01, the 30-share index fell 372.32 points, or 0.62 percent. Similarly, the NSE Nifty dropped 133.85 points (0.75%) to 17,764.80, as per reports. Moreover, SBI, PowerGrid, HDFC Bank, Reliance Industries, and HUL, on the other side, were among the gainers...reports

Zomato reported that it is expected to enter the Morgan Stanley Capital International (MSCI) India index in December. The food-tech firm recently became the first consumer internet startup to be listed on the National Stock Exchange. The new development is likely to fetch Rs 1,200 crores to the company. Besides, SRF, Tata Power, Mindtree, Godrej Properties, IRCTC, Mphasis, Bharat Electronics and Bajaj Holding will be included in the index. … read-more

Following the fall of Tesla's shares fell for a second consecutive day, the world's richest man Elon Musk lost $50 billion. The loss is said to be the greatest two-day drop in the Bloomberg Billionaires Index's history. Musk's worth currently stands at $323 billion. The drop was reported after Musk asked his followers on Twitter whether he should ''sell 10% of his stock to pay taxes''.

The Initial Public Offering (IPO) of Paras Defence and Space Technologies concluded in September and the shares listed were surprisingly fully subscribed within an hour of the sale. The company is amongst the leaders of the ‘indigenously designed developed and manufactured’ defence and space sector enterprises. Even though the sales of the company took a plunge during the pandemic and the EBITDA margins expanded during the period.

Indian Railway Catering and Tourism Corporation (IRCTC), Vodafone Idea (Vi), Canara Bank, Exide Industries, LIC Housing Finance, and three more are put under the F&O ban by the NSE on Sept 15. These stocks have crossed 95% of the Market-Wide position limit (MWPL). MWPL is the maximum number of contracts to be open at any given time. Thus, no fresh positions are permitted for these companies, until the reversal of the ban by NSE.