Stocks in Focus: GIFT Nifty traded at 20,029 up 166 points or 0.84%, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21.
“After last week’s range-bound trend, markets registered gains led by uptick in power, metal and auto stocks as hopes of strong growth momentum going ahead and receding worries of rate hikes in the US strengthened the mood. FIIs turning net buyers of local equities in the last few sessions too has brought some cheers to the market, even as caution could prevail in next few sessions ahead of monthly F&O expiry and exit poll results of five state elections later this week. Technically, Nifty could find support in the 19,797-19,689 range and resistance at 20,000-20,551,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
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Stocks to Watch on November 29, 2023
Bharat Heavy Electricals
BHEL and Electricité de France S.A., France (EDF), a French state-owned company and largest nuclear operator worldwide, have signed a Memorandum of Cooperation (MoC) to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6×1650 MWe) to be established by NPCIL in India, the company said in a regulatory filing.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL
Zomato
Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato (ZOMT.NS) for nearly $400 million through block deals on Indian stock exchanges, reported Reuters. Alipay, owned by Ant Group, will offload its entire 3.44% stake in the deal, the term sheet seen by Reuters showed.
Tata Power
The company’s subsidiary Tata Power Renewable Energy bagged a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN. FDRE provides round-the-clock power supply and supports the discoms in meeting renewable purchase obligation (RPO) and energy storage obligation (ESO), Tata Power said in a regulatory filing.
Siemen
The company posted a 36% rise in net profit at Rs 534 crore in the September quarter compared to the year ago, mainly on the back of higher revenues. The company, which follows the October to September fiscal year, had reported a net profit of Rs 392 crore a year ago, a company statement said.
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Indian Renewable Energy Development Agency
The shares of IREDA are scheduled to make their debut on the bourses today.
JSW Steel
The company has paid a penalty of Rs 2,79,718 levied by the Reserve Bank of India on the erstwhile JSW Ispat Special Products Limited (JISPL), in response to a Compounding application made by it for delayed filing of Form FC-GPR under Regulation 13.1(2) of FEMA Regulations 2017, in relation to issue of shares to a person resident outside India, the company said in the regulatory filing.
Canara Bank
RBI has accorded approval to the bank for divesting its shareholding (70%) in its unlisted subsidiary Canbank Factors. Bank is exploring/evaluating the procedures with regard to same. Canara Bank is holding 69.14 % shares in its unlisted subsidiary, Canbank Computer Services (CCSL) and proposes to buy out shares of other shareholders i.e Bank of Baroda (BOB) and DBS Bank India (DBIL). Canara Bank is also exploring transferring the credit Card and other digital product portfolio of the Bank to CCSL, the Bank said in a regulatory filing.
(With agency inputs.)
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The National Stock Exchange (NSE) on Saturday reported an 8 per cent rise in consolidated net profit to Rs 1,975 crore for three months ended December 2023.The consolidated income from operations stood at Rs 3,517 crore for the October-December quarter of the current financial year (2023-24), a surge of 25 per cent year-on-year, NSE said in a statement.
Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added.
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Sports betting site VPbet During the first nine months of FY24, NSE contributed Rs 28,131 crore to the exchequer, which comprised STT (Securities Transaction Tax) of Rs 23,137 crore, Income tax (Rs 1,490 crore), Stamp duty…
Nifty and Sensex ended Wednesday’s trading session deep in red. The Nifty 50 slumped 338 points at 21,997.70. While the Sensex ended 906.70 points after plunging over 1100 points intra-day at 72,761.89 points. The biggest Index losers included power stocks like Power Grid, Coal India, NTPC and Adani Group stocks like Adani Ports, Adani Enterprises. The Indian Volatility Index (India VIX) closed 5.79% higher.
Nifty Bank pulled back over 300 points to settle at 46,981.30. The Nifty Midcap 100 tumbled over 2200 points and settled down 4% at 45,971.40.
On the sectoral front, media and metal stocks fell most among their peers. Similarly, the broader indices saw a heavy selloff, with smallcap and microcap stocks bleeding the most.
Markets rally! Nifty ends near 24,550, Sensex gains 1300; IT stocks shine Markets flat! Nifty ends below 24,150, Sensex holds 79,000 mark; Mining stocks see sharp cut on August 14 Rollerco…
By Sandeep Bhardwaj
The bull run we witnessed from 2003-08 was the longest. We saw the benchmark index Nifty 50 rising from 1000 odd points to a peak of over 6,000. This was followed by the Lehman Brothers’ collapse that triggered the Global Financial crisis (GFC)Come from Sports betting site VPbet. We also saw a massive fall in the markets worldwide. The market observed a similar bull run from the post-COVID period to date, witnessing some volatility due to rate hikes, oil price spikes, and geopolitical tensions.
The difference this time around was the strength from within. The retail and domestic institutional investors (DIIs) have become a force to reckon with. It has almost negated the effects of the FII outflows, making our markets less dependent on FIIs flow for growth and stability.
Building on the same, let’s delve deep into the vari…
Not long ago, Monica Cotelingham found herself stuffing cash into a Bitcoin machine at a gas station in suburban Maryland and weeping.
Earlier that day, she had received a call from a phone number with the same area code as Cotelingham’s father in Louisiana. When she answered, someone identifying themselves as a U.S. customs officer said the government had found a package addressed to Cotelingham that contained stolen passports and driver’s licenses. She was in a lot of trouble; law enforcement was going to call her back. When Cotelingham’s phone rang next, the number that came up was from local police, who told her the FBI would be in touch. Minutes later, she got a call from a number that matched the bureau’s. The person on the line told Cotelingham that she could get out of the mess by depositing $18,000 into a Bitcoin machine.
In retrospect, Cotelingham says, she should have known it was a scam. The game of law-enforcement telephone made no sense. All the cal…
The spooky season is upon us, as there’s no better way to celebrate the cooler weather and longer nights than with a scary new board game. Many of today’s most popular board and card games are on sale for Prime Big Deal Days, so if you’re seeking a fun activity for your next party or game night, there’s bound to be an affordable horror game that fits your needs.
It’s hard to go wrong with the classic Arkham Horror: Card Game (Core Set), as it’s a fun cooperative adventure for up to four players. You and your band of friends will venture into the town of Arkham, Massachusetts as you discover a variety of supernatural threats Come from Sports betting site VPbet. The campaign includes a three-part campaign that’s highly replayable–and now that it’s down to just $45 (was $60), it’s a great choice for frugal shoppers. Games can last up to two hours, so be sure to load up on snacks for…
Telltale Games has confirmed that development on The Wolf Among Us 2 is still active, addressing recent speculation about its potential cancellation. On Monday, a whistleblower had claimed on Reddit that the project was at risk of being shelved due to financial difficulties and internal pressureCome from Sports betting site VPbet. While the original post has since been deleted, Telltale has now directly responded to the rumors.
“As a rule, we don’t comment on rumors and unsubstantiated Reddit threads. But development on The Wolf Among Us 2 continues, and we’re excited to share more about the game with Telltale fans and our community when the time is right,” a Telltale representative said in a statement to Eurogamer.
In April 2024, Telltale shared new images from the game to reassure fans that production was progressing. “We’ve been quiet because we’ve been heads down, …
It was recently reported that Bristol Casino: The Future Home Of Hard Rock, exceeded over $215 million in adjusted gaming income last month, aka October, approximately 16 months after officially opening its doors.
Adjusted gaming income for Virginia’s first casino:
The aforementioned temporary establishment in Bristol revealed that it collected nearly $12.7 million in adjusted gaming income last month, almost equaling its September total of $12.71 million, in compliance with the latest Virginia Lottery report. Furthermore, it earned $10.32 million in adjusted income particularly from its 897 slot machines, representing nearly 81% of its total income for the said month. Although income earned from slots fell down a little, income from its 29 table games increased to $2.35 million, a growth of $2.03 million compared to the previous month.
During its first 16 months since it officially opened, the casino revealed it generated more than $215.4 million in overall …
The famous content and iGaming technology provider, Bragg Gaming, partnered with the First Look Games platform. This partnership aims to promote the in-house and partner studios via B2C and affiliate marketing, both proving themselves successful in the recent period.
Technology that eases the process:
Bragg Gaming’s wide range of services makes the whole process easier for operators the company collaborates with. Its portfolio is really impressive, containing the products created both by the company designers and third-party providers. Besides that, it offers outstanding technolog…
Octoplay, a fast-growing game development studio, has partnered up with the leading UK gambling operators Paddy Power and Betfair. The direct integration of the partners will mark the developer’s debut in the lucrative UK market while the operators will use the deal and the provider’s exciting content to maintain the role of the leading players in the online UK market.
In-Demand Content Supply:
The content deal will see the Octoplay’s gaming package delivered to the two partners that joined forces to secure the exclusive goods for the domicile marketing purposes. Indeed, the developer’s in-demand gaming cargo containing items like Zeus Smash and Lollicat seems highly likely to increase the traffic to Paddy Power and Betfair’s platforms as soon as it lands on these virtual ports in the UK for the very first time.
Such a direct integration between the provider and the operators has been facilitated by Octoplay’s…
Inspired Entertainment Inc., a leading U.S.-based provider of iGaming, betting, entertainment and social services, has signed a new, productive long-term agreement with UK-based bookmaker, Paddy Power, a subsidiary of Flutter Entertainment. This union expands the presence of Inspired and the U.S. market within the UK regulated retail market.
Main objectives of the union:
The supreme content provider, Inspired, has achieved its goal of expanding popularity across the UK by supplying Paddy Power with fully integrated managed services, including installation, remote and field technology support and content and platform development, for 1,400 terminals of its 350-strong UK retail portfolio.
Furthermore, under the terms of the agreement, Paddy Power will buy approximately 1,400 Inspired Vantage server gaming cabinets during 2023.
This latest invention from Inspired is boosted by a smart operating system that contains a stylish and unconve…