Latest Stock Market News

Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean.

​A "high decrease in futures open interest" refers to a substantial reduction in the number of outstanding futures contracts that have not been offset by opposing trades.

“The general consensus on the expected recession in the US is that it is going to be shallow and not a very long recession. That, combined with interest rates coming down, could mean a decent time for emerging markets to come because EM fundamentals are not seeing any deterioration at this point of time. As long as fundamentals remain good, money will find its way.”

Other popular altcoins, such as Tron, Chainlink, and Avalanche, plunged over 5% each. Also, BNB, XRP, Solana, Cardano, Dogecoin, Polygon and Shiba Inu fell 2-4%.

OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, will hold an online ministerial meeting on November 30 to discuss production targets for 2024.

The promoter group has infused back a substantial portion of the proceeds (net of tax) into the company as repayment of related party transactions and unsecured interest free loan, it added.

“The NBFCs which are basically into asset-backed lending, may not have much challenge. But the NBFCs which are modelled on the unsecured loan may have a certain challenge in raising resources or even cost of raising resources. So it depends upon the individual NBFCs. But as an industry, I feel the NBFC will have an alternative option of raising resources from other sources.”

The stock quoted a 52-week high of Rs 2796.15 and a 52-week low of Rs 2250.85.

Indian shares were flat on Tuesday as a rise in Adani and energy stocks offset a fall in IT stocks after a recent rally.

Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.