Friday, November 22
The Indian government is selling up to 2.5% of its stake in Hindustan Zinc, aiming to raise around ₹5,330 crore. The sale, through an offer for sale (OFS), starts on November 6th for institutional investors and high-net-worth individuals, with retail investors able to participate from November 7th. The floor price is set at ₹505 per share, a 10% discount.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, surged in trade on Wednesday with Republican candidate Donald Trump seen to have an edge over Kamala Harris in US presidential elections.
Unilever CEO Hein Schumacher sees India as a crucial hub for growth, talent, and R&D. He acknowledges short-term challenges in Asian markets but remains optimistic about India's long-term potential. Schumacher emphasizes Unilever's focus on premiumization, innovation, and adapting to evolving consumer trends like quick commerce. He outlines a strategy for navigating inflation, supply chain disruptions, and competition from private labels.
The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day. This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red in trade on Tuesday after Monday’s’ crash. While BSE Sensex dipped over 200 points, Nifty50 was shy of 24,000.
Swiggy, the food delivery and quick-commerce company, is gearing up for its IPO, aiming for a valuation of $11.3 billion. The IPO will open for subscription from November 6 to 8, with a price band of Rs 371-390 per share. The company plans to utilize the proceeds for debt repayment, expansion of its quick commerce network, and technology enhancement.
Stock market today: The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63. Both indices initially declined 0.6% during trading but recovered in the final two hours of the session.
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,300 points, Nifty50 went below the 23,900 mark.
