Latest Stock Market News

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Ola Electric is set to launch its IPO, making it the first auto maker in India to do so in over two decades. With an expected size of around Rs 8,500 crore, it will be one of the top 15 IPOs in India. Ola Electric is also poised to become the first pure play electric vehicle manufacturer to list on the Indian stock exchanges. The IPO will include fresh equity and offers for sale by existing investors, including Temasek and SoftBank. The funds raised will be used to accelerate the development of an EV manufacturing unit .

The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday.

Adani Power had offered Rs 3,650 crore, as reported by ET on November 2. The unsolicited offers are made almost 10-11 months after 95% of lenders voted for a plan by the Power Finance Corp (PFC) led consortium.

Last week, Trent became the fifth Tata Group company to surpass a market capitalisation of ₹1 lakh crore.

Stocks such as Alkem, Sun Pharma, Titan, Federal Bank, SBI, TVS Motors, and HCL Tech are each considered to present potential opportunities for investors, analysts said.

The gross non-performing asset (GNPA) ratio fell to 1.1% in FY23 from 2.1% in the previous year. The return on asset (RoA) was 4.1% in FY23.

An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.

A SBI report published in July said that India ranks third after the US and China in recording the highest number of natural disasters since 1900.