Stock Market Live Updates: Consensus EPS for Nifty looks resilient: Emkay Global

The Q2-FY24 earnings season closed with a positive undertone, said Emkay Global Financial Research. The margin loss of FY23 is recovering incrementally, aided by lower commodity prices. Nifty earnings forecasts held up during this period, with a two per cent upward revision for FY24.

Stocks to Watch: Oberoi Realty acquires 14.816 acres in Gurugram for luxury residential project

Oberoi Realty executes an Agreement for Sale with Ireo Residences and others for acquiring land admeasuring approx 14.816 acres at Sector 58, Gurugram, Haryana.

Transaction is valued in the form of event/ time linked monetary consideration of upto Rs 597 crore. Company’s entitlement from the project at full potential estimated upto 2.6 million square feet of FAR

Transaction marks the company’s foray into the NCR region intends to primarily develop a luxury residential group housing project on the said land.

Stocks to Watch: Rategain Travel Technologies board meet to consider and determine the issue price for QIP

Stocks to Watch: Satin Credit Care board meet to consider Fund Raising Via NCDs

Stock Market Live Updates: Jefferies Analysis: Consumer Staples face muted revenue growth, margins balanced by ad-spending

Jefferies on Consumer Staples: Revenue growth should remain muted, given limited pricing growth. While gross margins should trend well, higher ad-spends and volume focus from companies would cap near-term Ebitda margin upside, in our view.

Stocks to Watch: Softbank sells 1.83 cr shares of Delhivery at an avg price of Rs 403.51 a share

Stocks to Watch: South Indian Bank hikes lending rates by 5 bps across tenures w.e.f. November 20

Stock Market Live Updates: Jefferies bullish on Honasa Consumer, foresees sector-leading growth and profitability

Jefferies on Honasa Consumer ( Mamaearth): Honasa Consumer has been a notable outlier among digital-first BPC brands in India, from the standpoint of scale, profitability, and capital efficiency. We expect it to deliver a sector-leading revenue growth over the coming years, coupled with improving profitability.

Stocks to Watch: ED directs transfer of MGM Maran’s 3.31% stake in Tamilnad Mercantile Bank

ED orders Tamilnad Mercantile Bank to transfer the 3.31% stake held by MGM Maran in favour of the Director of Enforcement. The ED had attached assets worth Rs 205 crore to MGM Maran and his associates under PMLA in 2016.

Stocks to Watch: Newgen Software board meets Nov. 27 for bonus shares proposal

Newgen Software board to meet on Nov. 27 to consider and recommend a proposal for the issue of bonus shares

Stocks to Watch: Elecon Middle East FZCO, Dubai, has incorporated its wholly owned subsidiary, ‘Elecon Radicon Africa’

Stocks to Watch: Adani Power witnesses stake acquisitions by Ardour Investment Holding and Emerging Market Investment DMCC

Ardour Investment Holding acquired 1.93% in Adani Power between Sept. 26 and Nov. 16. Emerging market Investment DMCC acquired 0.13 per cent on Sept. 29. Promoters now hold 71.14 per cent of the company.

Stock Market Live Updates: Talbros bags Rs 580 crore in multi-year orders

Talbros Automotive Components has received multi-year orders worth Rs 580 Crores from domestic and overseas Customers across its business divisions, product segments and JVs including Export Orders of Rs 415 crores and multiple EV Orders for Rs 270 crores from leading OEMs.

Stocks to Watch: Plea in SC for initiation of contempt against SEBI in Adani-Hindenburg matter

A plea has been filed in the Supreme Court seeking initiation of a contempt petition against market regulator Securities and Exchange Board of India (SEBI) for not completing its investigation in the Adani Hindenburg matter within the timeline framed by the court. The application also seeks inquiry into allegations by the Organised Crime and Corruption Reporting Project (OCCRP) against the Adani Group.

According to Supreme Court website, the matter is tentatively listed for November 24.

Market Analysis: Nifty consolidates at 19,657, key levels at 19,889; technical outlook and top stocks for trading strategies

“In Friday’s trading, the Nifty witnessed consolidation as investors opted to secure profits, yet the Nifty Mid-Cap and Small-Cap indices achieved new highs. Technical analysis indicates potential support at Nifty 19657 and hurdles at 19889. Reclaiming 19889 is crucial for a fresh upside. Bank Nifty needs to surpass 44800 for confirmation, but it might underperform. Options data suggests Nifty’s range is 19300-19800, with 19800 as a crucial resistance. Positive catalysts include sluggish WTI crude, rising copper prices, and favorable sentiments on no further Fed rate hikes. Preferred trades include buying Nifty at CMP with targets at 19807/19889 and Bank Nifty in the 43000-43150 zone with targets at 44000/44500. Bullish outlook on PI INDUSTRIES, SIEMENS, ASHOK LEYLAND, MUTHOOTH FINANCE, TATA CONSUMER, and ASIAN PAINTS. The top stock to buy is PI INDUSTRIES, with an entry price of 3727, target of 4500, stop loss at 3301, and a holding period of 0-365 days for a momentum play.” — Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

Commodities Market Updates: Bullion Cues: Bias turning bullish

The precious metals gained last week on dollar weakness. Gold appreciated 2.3 per cent to end the week at $1,980.9 per ounce, whereas silver gained 6.8 per cent to close at $23.7 an ounce.

Similarly, gold futures on the MCX was up 1.8 per cent and silver futures gained 4.4 per cent and closed the week at ₹60,713 (per 10 gram) and ₹73,140 (per kg) respectively.

Commodities Market Updates: Technicals: Crude Check: Support holds ground

Crude oil prices dropped for the fourth week in a row despite a rally on Friday. Brent crude oil futures on the Intercontinental Exchange (ICE) lost 1 per cent to close at $80.6 per barrel. Crude oil futures on the MCX dropped 2.2 per cent to end the week at ₹6,346.

Tech Query: What is the outlook for CE Info Systems (MapmyIndia), Rajesh Exports and Hinduja Global Solutions?

We zoom in on the prospects of CE Info Systems, as also the prospects of two other stocks — Rajesh Exports and Hinduja Global Solutions

Stock Market Live Updates: Trading Tweaks

Price band revised from 10% to 20%: IFGL Refractories, Neuland Laboratories.

Price band revised from 20% to 10%: AGS Transact Technologies.

Price band revised from 5% to 20%: Jain Irrigation Systems.

Ex/record-date Interim Dividend: Anupam Rasayan India, Aurobindo Pharma, Balrampur Chini, Cochin Shipyard, Dolat Algotech, GMM Pfaudler, Kaveri Seed, Mazagon Dock Shipbuilders.

Ex/Record date Buyback: Atul.

Move into short-term ASM framework: AGS Transact Technologies, Wockhardt.

Move out of short-term ASM framework: Bliss GVS Pharma.

Share Market Today: Insider Trades

Paisalo Digital: Promoter group Equilibrated Venture Cflow bought 29.80 lakh shares on Nov. 17.

Ion Exchange: Bimal Jain sold 67,813 shares between Nov. 1 and Nov. 8.

Share Market Today: Bulk Deals

DB Realty: Vinod K Goenka HUF sold 26 lakh shares (0.5%) at Rs 210.97 apiece.

Orient Green Power: Mansi Shares and Stock Advisors sold 50.64 lakh shares (0.5%) at Rs 21.95 apiece.

MK Proteins: Sanjay Kumar Tikamchand Bucha bought 6.69 lakh shares (5.35%) at Rs 86.16 apiece.

Paisalo Digital: Equilibrated Venture Cflow bought 29.8 lakh shares (0.66%) at Rs 80.24 apiece, and Antara India Evergreen sold 32.12 lakh shares (0.71%) at Rs 80.25 apiece.

Delhivery: SVF Doorbell (Cayman) sold 1.83 crore shares (2.49%) at Rs 403.51 apiece.

Fiem Industries: SL Corp sold 98,275 shares (0.7%) at Rs 1,907.56 apiece.

Share Market Today: Block Deals

Jindal Stainless: JSL Overseas bought 17.5 lakh shares (0.2%) at Rs 477.25 apiece sold by Hypnos fund.

Stock Market Live Updates: Stocks to watch out for today

Larsen & Toubro: Qatar’s General Tax Authority has imposed a penalty of Rs 111.31 crore for 2016–2017 and Rs 127.64 crore for 2017–2018. An appeal has been filed against the levy of this penalty, as the company believes it is arbitrary and unjustified.

RITES: RITES emerged as the lowest bidder in two tenders from CFM Mozambique. Out of the two tenders, one is for the supply of 10 diesel electric locomotives with incidental service of Rs 3.7 crore, and the other is for the supply of 300 high-side wagons.

Bajaj Finance: The company stopped sanctioning and disbursing loans under its two lending products, namely, ‘eCOM’ and ‘Insta EMI Card’, until the deficiencies observed by the RBI were rectified to their satisfaction.

Sterling And Wilson: Disputes between Sterling and Wilson International FZE, Dubai and Jinko Solar have been amicably settled.

Dalmia Bharat Sugar: The company informed that there is disruption of operations at Kolhapur and Ninaidevi units in Maharashtra due to farmers’ agitation. Consequentially, there could be a material impact. The company said it is taking all possible steps to restore normalcy.

SBI Cards and Payment Services: The capital adequacy is expected to decline by 400 basis points on account of the RBI’s revised credit risk weights. The bank is well capitalised as of now and well above the regulatory guideline of 15%. It has enough sources and a diversified lender base to manage its impact, and it doesn’t foresee a significant impact on the cost of funds during this fiscal

IndusInd Bank: The RBI has approved the appointment of Arun Khurana as whole-time executive director for a period of three years with effect from Nov. 16.

Remsons Industries: The company will consider and approve the proposal for raising funds by way of the issuance of equity shares or any other eligible securities/warrants convertible.

Aurobindo Pharma: A USFDA inspection at its facility in Telangana from Nov. 13 to 17 closed with zero observations and a classification of ‘No Action Indicated’.

Exide Industries: The company settled the chloride trademark dispute with the UK’s Vertiv Group and India’s Vertiv Energy. VCGL and VEPL shall not use the said ‘CHLORIDE’ mark in India, either directly or indirectly, and shall withdraw all their claims over this mark in favour of Exide.

Kalyan Jewellers: Unit Kalyan Jewellers FZE acquired the remaining 30% stake in Kalyan Jewellers LLC, Oman, on Nov. 16. Kalyan Jewellers LLC, Oman, has become a wholly owned subsidiary of Kalyan Jewellers FZE.

Adani Power: Ardour Investment Holding acquired 1.93% between Sept. 26 and Nov. 16. Emerging market Investment DMCC acquired 0.13% on Sept. 29. Promoters now hold 71.14% of the company.

Elecon Engineering: Elecon Middle East FZCO, Dubai, has incorporated its wholly owned subsidiary, ‘Elecon Radicon Africa’.

Newgen Software: The board on Nov. 27 will consider and recommend a proposal for the issue of bonus shares.

Tamilnad Mercantile Bank: ED orders the bank to transfer the 3.31% stake held by MGM Maran in favour of the Director of Enforcement. The ED had attached assets worth Rs 205 crore to MGM Maran and his associates under PMLA in 2016

Technical Call: Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Fortis Healthcare, Gujarat Fluorochemicals and Jubilant FoodWorks

Sectoral Outlook: Jaya Vaidhyanathan, CEO, BCT Digital on RBI risk weight classification

“The RBI’s decision to raise risk weights for personal loans is a positive development, timely following the central bank’s caution about the aggressive lending in the unsecured consumer loans space. Although the overall impact of bad loans in this segment might not be significant in monetary terms, the sheer number of citizens who are attracted into easy credit for non-productive purposes like gadgets is huge. This measure will curb lenders who may have followed lenient practices in loan appraisal, a trend that historically led to adverse outcomes, as evidenced by the credit card and personal loan incidents 2008.”

Sectoral Outlook: Optimism abounds – Residential segment continues to shines: Elara Securities

India Residential Real Estate remained Unstoppable, Remarkably, even though Q2 is a slower season due to monsoons, most developers saw robust sales. Per property consultant Anarock, new launches grew at a notable pace – ~116,200 units were launched in top-seven cities, up 24% YoY and ~120,300 housing units were sold in Q2. Sales grew an impressive 36% annually. The strong demand momentum continued despite the challenging global environment.

Prominent grade A developers such as Godrej Properties, Macrotech Developers and Sobha Realty posted best-ever quarterly sales. Prestige Estates even raised its FY24 sales guidance led by an outstanding performance in H1. Following this, developers are on track to achieve FY24 sales guidance. The driving force behind impressive sales was the resilient consumer demand. Given that FY24 launch pipeline is robust and led by the festival season going ahead, expect sales to surge

F&O Strategy: Go long on NTPC futures

Thanks to the recent strong rally, the long-term outlook turned positive for the stock of NTPC (₹251.6). The stock now finds an immediate support at ₹236 and ₹213. A close below the latter will change the short-term outlook negative.

Market buzz: FMCG stocks in spotlight amid Uttar Pradesh’s halal product sales ban

FMCG stocks like ITC, HUL, Tata Consumer and others will remain in focus as the Uttar Pradesh Government imposed ban on selling of Halal Certified products with immediate effect.

Currency Market Live Updates: Currency Outlook: Dollar: Short-term outlook turns bearish

The US dollar and the Treasury yields have declined sharply last week. The trigger for the fall came from the Consumer Price Index (CPI) inflation data release in the US on Tuesday. The US Headline CPI rose 3.2 per cent (year-on-year) in October, down from 3.7 per cent in September.

Stocks to Watch: 27 companies approved for IT Hardware PLI Scheme

ITI, Syrma SGS, Netweb, Kaynes, Dixon and Optiemus among 27 companies approved for IT hardware PLI scheme

Stocks to Watch: IndiGo reaches 2,000 flights per day milestone

InterGlobe Aviation (Indigo) said it has reached milestone of 2,000 flights per day

Stock Market Live Updates: NSE Dividends : Current and Upcoming

COAL INDIA LTD

Dividend ◆-◆ 15.25 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

Current Price ◆–◆ 345 Rs

52 Week High ◆-◆ 359 Rs

52 Week Low ◆-◆ 207.60 Rs

Dividend Yield ◆-◆ 7.01%

Market Cap: ◆-◆ 2,13,107 Cr

1 Year Return ◆-◆ 48.56%

E.I.D.-PARRY (INDIA)

Dividend ◆-◆ 4 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

EPL Ltd

Dividend ◆-◆ 2.15 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

GILLETTE INDIA LTD

Dividend ◆-◆ 50 Rs

Dividend Type ◆-◆ Final

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

GUJARAT PIPAVAV PORT

Dividend ◆-◆ 3.6 Rs

Dividend Type ◆-◆ Final

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

NATIONAL PEROXIDE

Dividend ◆-◆ 1 Rs

Dividend Type ◆-◆ Final

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

Oil and Natural Gas Corporation

Dividend ◆-◆ 5.75 Rs

Dividend Type ◆-◆ Final

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

RMC Switchgears

Dividend ◆-◆ 0.2 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

Senco Gold Ltd

Dividend ◆-◆ 1 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

Current Price ◆–◆ 695 Rs

52 Week High ◆-◆ 782.85 Rs

52 Week Low ◆-◆ 358.45 Rs

Dividend Yield ◆-◆ 0.15%

Market Cap: ◆-◆ 5,450 Cr

1 Year Return ◆-◆ 0.00%

SUN TV NETWORK

Dividend ◆-◆ 5 Rs

Dividend Type ◆-◆ Final

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

Talbros Engineering Ltd

Dividend ◆-◆ 1.5 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

TIDE WATER OIL (INDIA)

Dividend ◆-◆ 20 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 21 Nov 2023

Record Date ◆-◆ 21 Nov 2023

CRISIL LTD

Dividend ◆-◆ 11 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

INGERSOLL-RAND (INDIA)

Dividend ◆-◆ 50 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

IPCA LABORATORIES

Dividend ◆-◆ 2 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

NATIONAL ALUMINIUM CO

Dividend ◆-◆ 1 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

Current Price ◆–◆ 92.75 Rs

52 Week High ◆-◆ 106.35 Rs

52 Week Low ◆-◆ 69.80 Rs

Dividend Yield ◆-◆ 4.81%

Market Cap: ◆-◆ 17,182 Cr

1 Year Return ◆-◆ 23.09%

OIL INDIA LTD

Dividend ◆-◆ 3.5 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

Pearl Global Industries

Dividend ◆-◆ 12.5 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

T D POWER SYSTEMS LTD

Dividend ◆-◆ 0.5 Rs

Dividend Type ◆-◆ Interim

Ex-Div date ◆-◆ 22 Nov 2023

Record Date ◆-◆ 22 Nov 2023

Stock Fundamentals: Jubilant, Westlife, Sappire, Devyani, RBA: Demand slows for most QSR stocks in Q2

The second-quarter earnings of Quick Service Restaurant (QSR) chains show how slowing consumer demand is impacting operating profitability. While the effect of extended Shravan period, which fell during June-September, may be regarded as a one-off, the tardy same-store-sales growth (SSSG) is a worry. Managements are optimistic on festive season (Q3), and aim to better operating leverage and margins. Here is a lowdown.

Currency Market Updates: How the rupee has held up

RBI intervention, FPI flows, narrowing of inflation differential with key economies have lent a hand

Big Story: Merck, Novo Nordisk, Gilead, Biogen and more: Here are the investment opportunities in global Big Pharma

Big Pharma conjures the latest in pharmaceutical innovation. For investors, a westward gaze can be beneficial

Stock Market Live Updates: GMR Airports reports 19% YoY surge in October passenger traffic to 98.4 lakh

GMR Airports said its Total October passenger traffic was up 19% YoY & up 5% MoM at 98.4 lakh

Stock Market Live Updates: Directors resign from Jio Financial Services, board acknowledges departures

Jio Financial Services said that Sethuraman Kandasamy, Jagannatha Kumar Venkata Gollapalli and Jayashri Rajesh have resigned as Directors of the Company effective from the end of business hours of November 17. The Board of Directors has taken note of the resignations of the aforesaid Directors.

Stock Market Live Updates: Menon Bearing: CRISIL reaffirms credit ratings

MENON BEARING: CO SAYS CRISIL HAS REAFFIRMED THE CREDIT RATING WHEREIN SHORT TERM RATING HAS BEEN REAFFIRMED AS “CRISIL A2” AND LONG TERM RATING HAS BEEN REAFFIRMED AS “CRISIL BBB+”

Stock Market Live Updates: Sudarshan Chemical unveils innovative products

Sudarshan Chemical Introduces Sudatherm Cobalt Blue 6421K and Sudatherm Cobalt Green 6451K Globally

Stock Market Live Updates: 20-11-2023 U.S. Earnings

Trip. com Group Limited (Pre market) (Sector- Entertainment)

Legend Biotech Corporation (Pre market) (Sector- Healthcare)

Agilent Technologies, Inc (Post market) (Secotor- Technology)

Keysight Technologies Inc (Post market) (Secotor- Technology)

Zoom Video Communications, Inc (Post market) (Secotor- Technology)

Stock Market Live Updates: Securities In F&O Ban For Trade Date 20-Nov-2023

CHAMBAL

DELTACORP

HINDCOPPER

INDIACEM

MANAPPURAM

MCX

RBLBANK

ZEEL

Market Updates: Recent Interview… As of 19:02 p.m. Friday 17 November 2023

*Researchbytes Analyst App *

https://play.google.com/store/apps/details?id=com.intelegain.rb

Birla Corp: Aditya Saraogi, CFO

Q4 Will Be A Strong Year For The Company, Costs Are Coming Down Now: Birla Corporation

Blue Star: B Thiagarajan, MD

Consumer Finance-Led Sales Is Close To 50%, Says Blue Star Amid RBI’s Clamp Down On Unsecured Credit

APL Apollo: Deepak Goyal, CFO

APL Apollo: Expansion Plans On Cards? | Deepak Goyal

City Union Bank: N Kamakodi, MD & CEO

We Will Expand Digital Lending Process To All Branches By End Of This Year: City Union Bank

EMS ENERGY LTD: Ashish Tomar, Founder

Started New Projects In Rajasthan & Uttarakhand: EMS

Glenmark: VS Mani, ED and Global CFO

Glenmark Pharma Q2 Results Review; Can Company Achieve Margin Guidance? | VS Mani

HEG: Manish Gulati, CMO & COO

Q2 Capacity Utilisation Was Close To 95%: HEG Limited

KRBL: Ashish Jain, CFO

Distribution Continues To Remain A Challenge For The Branded Segment: KRBL

Metro Brand: Nissan Joseph, CEO

Demand Remains Strong In The Midst Of Diwali & Marriage Season: Metro Brands

M&M Fin: Vivek Karve, CFO

Mahindra Finance: NBFCs, Rate Cuts And Rural Growth Insights | Vivek Karve

Events today…

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Results today…

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Replays available at www.researchbytes.com

IPO Recommendations: IREDA IPO: Should you subscribe?

The initial public offering of IREDA (Indian Renewable Energy Development Agency), the renewables-based NBFC, is open for subscription during November 21-23. Currently fully owned by the government, post issue government holding in the company will reduce to 75 per cent.

At the upper end of the price band, the total offer is around ₹2,150 crore, which comprises fresh issue of ₹1,290 crore and offer for sale of ₹860 crore. The net proceeds from the fresh issue shall be utilised towards augmenting the company’s capital base to meet future capital requirements and onward lending.

Stock Recommendations: Stock that will see action today: November 20

Buzzing stocks: Cipla, L&T, BoB, Opteiemus Infracom, Omaxe, Exide Industries, Advik Capital, Birla Corporation, ZenTechnologies, Taylormade Renewables, Oberoi Realty, Electrosteel Castings, NBCC, Praveg, Integrated Essential, Lupin, MEP Infrastructure, Aurobindo Pharma, and RITES

IPO Recommendations: Tata Technologies IPO: How it stacks up versus Tata Elxsi, KPIT Tech, L&T Technology Services and key things to know before you subscribe

Good long-term business prospects and reasonable valuation make Tata Tech’s offer worth considering

Technical Call: Motilal Oswal Financial Services – BUY

Long-term investors can buy Motilal Oswal Financial Services now

MF Watch: Investor resilience. SIP contributions surge 18% to ₹8,686 crore despite market dip

With the sharp fall in markets and moderation in valuations over the last two months, investors have lifted the ‘pause’ on their monthly SIP contribution to let their investments flow.

The value of SIP accounts discontinued last month fell five per cent to ₹8,242 crore against ₹8,678 crore logged in September. The same in August was ₹8,743 crore, according to data from the Association of Mutual Funds in India.

MF Watch: Mutual funds’ NFO collection surges 4 times to ₹22,000 cr in Sep quarter

Mutual funds’ collection through new fund offerings (NFOs) surged nearly four times to ₹22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market.

Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said.

Index Outlook: Nifty 50, Sensex: Can oscillate in wide range

Nifty 50 and Sensex have risen well for the third consecutive week. The benchmark indices has breached their key resistances and have closed on a strong note. We had expected the resistances to hold and the indices to see a fresh fall. That bearish view has gone wrong.

Stock Market Updates: Global trends to dictate movement in markets this week amid lack of domestic triggers

Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts.

The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said.

“Anticipating a period of consolidation in the absence of clear global cues, the market’s trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.

“The market’s stability may be influenced until the conclusion of state elections, at which point a discernible trend might materialise,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

Stock Market Updates: FPIs turn buyers; invest ₹1,433 cr in equities in Nov so far

After sustained selling in the last two and a half months, FPIs bought Indian equities worth ₹1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices.

Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing money during November 16-17, data with the depositories showed.

IPO Watch: Flurry of IPOs; Five companies gear up to raise ₹7,300 crore next week

The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over ₹7,300 crore collectively.

The other three companies whose maiden public issues ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India.

Stock Market Updates: Majority of PMS schemes outperform Nifty in October

The majority of the portfolio management services (PMS) schemes outperformed the Nifty50 in October.

Nearly 63 per cent, or 205 of the 326 PMS schemes, were able to beat the returns generated by the benchmark, data from PMS Bazaar shows. The 326 schemes collectively delivered average returns of -2 per cent, higher than the -2.7 per cent given by the benchmark.

Stock Market Live Updates: Asian markets open cautiously amid valuations in spotlight

Asian markets began the week slowly amid a shortened trading period, with valuations appearing stretched due to already factored-in aggressive global policy easing for the upcoming year. The Black Friday sales will gauge the vitality of the consumer-led U.S. economy, coinciding with thin markets during the Thanksgiving holiday.

MSCI’s broadest index of Asia-Pacific shares, excluding Japan, saw a modest increase of 0.52%, following a 2.8% climb last week that led to a two-month high.

Japanese stocks opened positively on Monday, with the Nikkei 225 index rising by 0.57% or 190.16 points to reach 33,775.36. In contrast, the broader Topix index inched-up by 0.32% or 7.62 points, trading at 2,398.90.

South Korea’s KOSPI index traded with strength, marking a 0.59% increase or 15.09 points at 2,484.94, while Australia’s S&P ASX200 demonstrated a 0.20% rise, gaining 14.20 points to reach 7,063.60.