Here's a quick roundup of all market action of the day:##Here's a quick roundup of all market action of the day:

- Major Indices End November Series In The Green; Sensex and Nifty At Record Closing Highs

- Nifty Bank Notches 32,000 For The First Time, Rally Fuelled By ICICI Bank

- ICICI Bank On Track For Monthly Gain Above 10 percent For The Third Consecutive Month

- Reliance Crosses Market Cap Of Rs 10 Lakh Crore To Become The Most Valued Indian Company

- While HDFC Twins Drag Nifty the Most Today, ICICI Bank Provides Support

- Indiabulls Housing Sees Best 1-day Percentage Gain In Over A Month After Developments Around MCA Affidavit

- Yes Bank Board To Mull Fundraising Option In Meet Tomorrow, Stock Ends Up 3 percent

- RBL Bank Ends 4 percent Higher As Sources Say Bk Mulling Raising $200 million Via Preferential Issue, QIP

- Market Breadth In Favour Of Advances With Advance-Decline Ratio At 4:3

Nov 28, 2019 3:48 PM

Sectoral Trend: PSU Bank and Metal indices rose the most##Sectoral Trend: PSU Bank and Metal indices rose the most

Nov 28, 2019 3:45 PM

Top Nifty gainers and losers at close##Top Nifty gainers and losers at close

Nov 28, 2019 3:44 PM

Closing Bell: Sensex, Nifty end at record close for the second session; RIL mcap at Rs 10 lakh crore##Closing Bell: Sensex, Nifty end at record close for the second session; RIL mcap at Rs 10 lakh crore

Indian shares ended at record closing high for the second straight session on Thursday ahead of November futures and options expiry, as investors awaited gross domestic product (GDP) data due on Friday. Gains in index heavyweight Reliance Industries and banks boosted the indices. The Sensex rose 109 points to record close of 41,130, while Nifty settled 50 points higher to a new closing high of 12,151. Both indices ended at a record close yesterday as well.

In intra-day deals, the Sensex rose as much as 143 points to hit a new high of 41,164, while the Nifty rose 57 points to hit a record high of 12,157. Sensex and Nifty previously hit all-time highs on November 26. Major buying was seen in metal, IT and banking sectors. Nifty Bank also ended at record closing high, up 0.5 percent.

Oil-to-telecom conglomerate Reliance Industries, on Thursday, became the first Indian company to hit Rs 10 lakh crore market cap, making it the most valued Indian company in terms of market capitalisation. The stock ended 00.8 percent higher at 1,582.

Nov 28, 2019 3:34 PM

In Charts: RIL's journey to Rs 10 lakh crore market cap

Reliance Industries's market capitalisation crossed Rs 10 lakh crore today, became the first Indian company to achieve the milestone. With this, the Mukesh Ambani-led company has also become the sixth-largest oil and gas company in the world.

Nov 28, 2019 3:28 PM

India in the slow lane but these are the countries facing actual recession##India in the slow lane but these are the countries facing actual recession

Finance Minister Nirmala Sitharaman on Wednesday said that India’s economic growth might have slowed down but there was no impending threat of a “recession”. "Growth may have come down, but not a recession yet, and won't be a recession ever," FM Sitharaman said in the upper house of the Parliament. Economists define a recession as a period of negative economic growth over two consecutive quarters. Click here to look at ten countries that are facing economic recession

Nov 28, 2019 3:15 PM

RIL market cap scales Rs 10 lakh crore: The milestone in context and in numbers

Reliance Industries' market cap has crossed the Rs 10 lakh crore milestone on Thursday. The Mukesh Ambani-led oil-to-telecom conglomerate has become the largest company on Indian bourses and also jumped to the sixth spot as the largest oil and gas company in the world.

Nov 28, 2019 3:06 PM

Government wants RBI to buy out stressed assets of shadow banks##Government wants RBI to buy out stressed assets of shadow banks

Finance ministry wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country's top 25 shadow lenders, a government source told reporters on Thursday. The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said. However, the RBI has opposed the idea of opening its balance sheet to buy toxic assets of the non-banking finance companies, the official said, adding discussions were ongoing.

Nov 28, 2019 2:55 PM

Top 11 midcap stock ideas from Citi Research

The mid-cap index has underperformed the Sensex by less than 30 percent over the past 2 years, while longer-term returns are similar, said Citi Research.

Nov 28, 2019 2:44 PM

Government tables supplementary demand for grants in Parliament##Government tables supplementary demand for grants in Parliament

Government says

Seek parliament nod to spend net extra Rs 18,995 crore in 2019-20

Seek parliament nod to spend gross Rs 21,240 crore extra this FY

Seek parliament nod for Rs 2,500 crore recap of insurance companies

Seek parliament nod for Rs 8,820 crore for J&K and Ladakh union territories

Seek parliament nod for Rs 4,557 crore for infusion in IDBI Bank via bonds

Seek parliament nod for Rs 1,000 crore for cooking gas for poor households

Alert:

CNBC-TV18 newsbreak confirmed, the government seeks Rs 2,500 crore recap for insurance companies

Nov 28, 2019 2:28 PM

SBI Cards may be the largest IPO of FY20: All you need to know##SBI Cards may be the largest IPO of FY20: All you need to know

The country's largest public-sector lender State Bank of India (SBI) has filed an initial draft with the market regulator the Security and Exchange Board of India (Sebi) to sell up to 4 percent stake in its credit card venture SBI Cards and Payments Services (SBI Cards) to raise around Rs 9,600 crore through an initial public offering (IPO) under the offer-for-sale route.

Read more details on this story here.

Nov 28, 2019 2:12 PM

RIL can hit Rs 11 lakh crore market cap over the next year, says Probal Sen of Centrum Broking##RIL can hit Rs 11 lakh crore market cap over the next year, says Probal Sen of Centrum Broking

The market capitalisation of oil to telecom major Reliance Industries Ltd. (RIL) can reach above Rs 11 lakh crore next year, says Probal Sen, senior vice president of Centrum Broking. RIL, on Thursday, hit a market cap of Rs 10 lakh crore, to become the most valued Indian company in terms of market capitalisation.

"One expects that the momentum will only increase going forward now with the capex cycle having getting wound down and the earnings momentum from across the businesses starting to pick up specifically of course on the consumer business which continues to beat estimates pretty much every quarter," Sen said. READ MORE

Nov 28, 2019 1:56 PM

HDFC MF buys additional stake in PNC Infra with its stake in the company now at 7.22%##HDFC MF buys additional stake in PNC Infra with its stake in the company now at 7.22%

Nov 28, 2019 1:38 PM

Metals stocks rally on possible price hike, budding US-China trade talks##Metals stocks rally on possible price hike, budding US-China trade talks

Metals stocks rallied 1-3 percent on Thursday amid likely hike in prices and positive vibes from US-China trade talks. JSW Steel, Tata Steel, Jindal Steel & Power, SAIL etc gained 1-3 percent with Nifty Metal index itself rising around a percent. The Metal index has been on buyers' radar this week, up 4.5 percent in the current week and around 8 percent in a month especially after rising hope that trade deal between world's largest economies US and China could be signed next month.

Nov 28, 2019 1:22 PM

Morgan Stanley maintains overweight on Sobha##Morgan Stanley maintains overweight on Sobha

Sobha share price added 4 percent on November 28 after Morgan Stanley maintained an overweight rating with a target of Rs 613 per share. The research house believes that the share price will rise in absolute terms over the next 30 days and the second half of the year is expected to be better than the first half, driven by volume growth in the residential segment.

Nov 28, 2019 1:06 PM

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