Here's a quick round up market action from the day:##Here's a quick round up market action from the day:

- Sensex and Nifty Close With A Cut Of 0.5 percent Each After A Rangebound Trade

- Midcap Index Gains More Than 100 Points From Lows To Close In The Green

- Large Cap PSU Banks Drag Nifty Bank, Ends With A Cut Of 235 Points

- IT Stocks Under Pressure On H-1B Visa Concern, Contribute 70 percent To Nifty Fall

- Zee Entertainment Gains 7 percent From Lows To End With A Gain of Over 3 percent

- Motherson Up 4 percent After Morgan Stanley Adds The Stock To Its Focus List

- Metal Stocks Gain On Hope Of Demand Recovery; Tata Steel Top Nifty Gainer

- Eicher Motors Moves 4 percent Higher To Close At 8-month High

- RBL Surges 8 percent To Close At 2-month High, Contributes 46 pts To Midcap Index Gain

- Market Breadth Favours Declines; Advance-Decline Ratio At 1:1

Nov 22, 2019 3:53 PM

Sectoral Trend: Banks, IT drag; media, metal sectors rise##Sectoral Trend: Banks, IT drag; media, metal sectors rise

Nov 22, 2019 3:35 PM

Top Nifty gainers and losers at closing##Top Nifty gainers and losers at closing

Nov 22, 2019 3:34 PM

Closing Bell: Sensex ends 216 points lower, Nifty below 11,950##Closing Bell: Sensex ends 216 points lower, Nifty below 11,950

Indian equities edged lower on Friday, dragged by IT stocks, even as Asian shares recovered from a three-week low though concerns over trade negotiations between China and the United States lingered. The Sensex ended 216 points lower at 40,359, while the Nifty50 index ended 52 points lower at 11,916. For the week Sensex was up 0.03 percent and Nifty rose 0.2 percent.

Nov 22, 2019 3:33 PM

CSB Bank IPO opens today: Here is what brokerages say about the IPO. Is it worth subscribing?

Nov 22, 2019 3:15 PM

Morgan Stanley upgrades NTPC, share price gains 3%##Morgan Stanley upgrades NTPC, share price gains 3%

NTPC share price rose 3 percent intraday on November 22 after Morgan Stanley upgraded the rating of the company to overweight, with a target at Rs 152 per share. The company's fixed costs under-recovery was reducing, while potential government stake sale remained an overhang, the brokerage house said. The steady commissioning should drive earnings and risk-reward was attractive as two of the three concerns either reversing or known, it added.

Nov 22, 2019 2:58 PM

CSB Bank will continue to focus on gold, plans expansion in MSME, says CEO CVR Rajendran##CSB Bank will continue to focus on gold, plans expansion in MSME, says CEO CVR Rajendran

Kerala-based private sector lender CSB Bank’s initial public offering (IPO) opened today with a price band of Rs 193 to 195. They are looking to raise a little over Rs 400 crore in the market. It’s a mix of an offer for sale (OFS) and some fresh share sale as well. CEO and managing director CVR Rajendran in an interview with CNBC-TV18 said CSB Bank will continue to focus on gold and it will remain one-third of the bank's portfolio. “The yields are good. We get around 11.5 percent as a portfolio yield on gold today and there is a possibility of increasing the price." READ MORE

Nov 22, 2019 2:42 PM

Motilal Oswal's five midcap stock ideas after Q2 earnings

Nov 22, 2019 2:24 PM

Fitch keeps 'Negative' outlook on telecom sector over heightened financial risks##Fitch keeps 'Negative' outlook on telecom sector over heightened financial risks

The heightened financial risk associated with the large unpaid adjusted gross revenue (AGR)-related dues in the telecom sector has prompted Fitch Ratings to keep ‘Negative’ outlook on the sector for the year 2020. The tariff hike by telecom operators and a two-year moratorium on payment of spectrum dues, though positive for the industry, but may not be sufficient to offset the impact of the recent Supreme Court judgement for incumbents Bharti Airtel and Vodafone Idea, Fitch Ratings said in a report. READ MORE

Nov 22, 2019 2:08 PM

DHFL resolution plan: RBI appoints 3-member Advisory Committee to help the Administrator##DHFL resolution plan: RBI appoints 3-member Advisory Committee to help the Administrator

The Reserve Bank of India on Friday has appointed a three-member Advisory Committee to assist the Administrator of Dewan Housing Finance Corporation Ltd (DHFL) in discharge of duties. The three members of the Advisory Committee include, Dr Rajiv Lall, NS Kannan and NS Venkatesh. Lall serves as the non-executive chairman in IDFC First Bank ltd, while Kannan is managing director and chief executive officer in ICICI Prudential Life Insurance Co. ltd. Venkatesh is chief executive in the Association of Mutual Funds in India.

The RBI also said that "the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 provide for the concerned financial sector regulator appointing a Committee of Advisors to advise the Administrator in the operations of the financial service provider during the corporate insolvency resolution process." READ MORE

Nov 22, 2019 1:52 PM

Here are the top buy and sell ideas by stock market expert Pritesh Mehta of Yes Securities##Here are the top buy and sell ideas by stock market expert Pritesh Mehta of Yes Securities

- Sell Titan with a stop loss of Rs 1,160 and target of Rs 1,050.

- Buy Power Finance Corporation (PFC) with a stop loss of Rs 112 and target of Rs 130.

Nov 22, 2019 1:35 PM

Here's a quick catchup of all the market action till now:##Here's a quick catchup of all the market action till now:

- Indian shares were trading lower on Friday dragged by IT and banking stocks. The Sensex was trading 230 points lower, while the Nifty was around 11,900 level.

- Infosys, Tech Mahindra, M&M, Tata Motors, and Tech, TCS, were the top losers on Sensex, while NTPC, PowerGrid, ONGC and Tata Steel were the top gainers

- Nifty IT index fell over 2 percent on H1B Visa woes. Infosys, Tech Mahindra, TCS, and HCL Tech was down between 1.8-3 percent.

- Only Nifty Media and Nifty Metal indices were trading in green.

Nov 22, 2019 1:19 PM

DHFL takeover by RBI to test India's bankruptcy laws

Nov 22, 2019 1:01 PM

RITES share price slips 3% as govt to sell stake##RITES share price slips 3% as govt to sell stake

RITES share price slipped more than 3 percent intraday on November 22 after government said it was going to sell 2.5 crore shares in the company. The President of India, acting through and represented by the Ministry of Railways, Government of India, a promoter of RITES, proposed to sell up to 2,50,00,000 equity shares (representing 10% of the total issued and paid-up equity share capital of the company) on November 22 for non-retail investors only and on November 25 for retail investors and for non-retail investors, it said.

Nov 22, 2019 12:41 PM

Airtel, Vodafone Idea may file review petition against AGR verdict today##Airtel, Vodafone Idea may file review petition against AGR verdict today

Bharti Airtel and Vodafone Idea are likely to file a review petition today against the Supreme Court's AGR verdict which held that all revenues, except for termination fee and roaming charges, will be a part of the adjusted gross revenue (AGR). Telcos had argued that non-telecom, non-core revenues should not be a part of the AGR. The SC judgement exposed the incumbent telcos to demands by DOT of up to Rs 1.33 lakh crore. “You are entitled as a party to seek a review of the entire judgement, especially in the case of this judgement which in my view proceeds on a wrong premise," said senior advocate Meet Malhotra. READ MORE

Nov 22, 2019 12:20 PM

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