Here are today morning’s latest updates from the stock market. If you are scrambling to the web regarding the equity benchmark indices’s reports for today, this article is for you. It can serve you a lot. According to Business Standard, the BSE Sensex gained 150 points on Thursday reaching 65,838 while the NSE Nifty 50 surged by 46 points reaching 19,720. Shockingly, Bajaj Finance lost up to 3 percent after the Reserve Bank of India banned its two digital lending services, eCOM and Insta EMI. In the following section, we have given more updates on the stock market. You should stick with this page and go through it till the end. Drag down the page.
On Thursday, November 16, 2023. i.e. today, when the marker opened TCS gained 1 percent on fixing the buyback issue price at Rs 4,150 which was 22 percent up from its last close. On the other hand, Bajaj Finance tumbled nearly 3 percent and lost across frontline stocks after the central bank banned its two digital lending services eCOM and Insta EMI. On the flip side, the BSE MidCap and SmallCap indices surged by nearly 0.31 percent in Nifty Oil & gas was the leading gainer with nearly 0.5 percent. The Financial and Metal sectors were the weakest, down up to 0.6 percent. Continue reading this article and go through it till the end.
MCX stock is said to exist in hopes of strong prospects after a technology upgrade. The overall volume gained by 86 percent YoY taking the sum to Rs 67 trillion while the total revenue gained by 30 percent YoY taking it to Rs 165 crore along with tax, depreciation, and amortisation loss of Rs 35.3 crore. Talking about the most popular stocks for mutual funds in October, MFs were the net buyers of 63 percent of 100 stocks of Nifty Midcap. L&T Finance Holdings, Syngene Intl, Aurobindo Pharma, PB Fintech, and Vodafone Idea, was the highest MoM. Swipe down the page and read more details.
An important trend in the market is the rising clout of HNIs, DIIs, and retail investors and the reducing influence of FPIs. Notably, FPIs cumulatively sold stocks for Rs 83,422 crore through the exchanges during August, September October, and November to date. While DIIs alone bought stocks worth Rs 77,995 crore during this period. Therefore, DII and individual investor buying is completely neutralized by FPI selling. This is the reason why Nifty is around 19,675 which is almost the same as it was in early August.