Latest Stock Market News

According to NSDL data, foreign investors withdrew a total of ₹51,697 crore from the secondary market since September 1. In the primary market, they infused ₹11,501 crore during the same period, resulting in a net outflow of ₹40,196 crore from the equity markets. The Nifty index has risen 1.8% in the past three months.

In a regulatory filing, Dish TV said the stock exchanges had issued notices dated November 21 to the company for non-compliance with the requirements pertaining to the composition of the board and the composition of the Nomination and Remuneration Committee of the Board for the quarter ended September 30.

In the past month, Sun Pharma gained 7%, Aurobindo Pharma jumped 20%, Lupin and Mankind Pharma rose 9% each. The gains have pushed these stocks to their 52-week highs. The Nifty Pharma Index has gained 8% in the past month, as against the 3.4% upmove in the Nifty.

Eagle pipped rivals that included Silvassa-based Geelon Industries and Gujarat-based Gajera Group by offering to bear the ₹25 crore corporate insolvency resolution process (CIRP) costs over and above its offer, people familiar with the details of the plan said.

Sun Jianbo, founder of Beijing-based asset manager China Vision Capital, said soured assets are typically sold with a 70% discount. That means investors may recoup about 13% of their money, based on Bloomberg calculations.

​​Banks typically ramp up lending activity soon after the turn of the calendar year. Chinese banks have been confronted with falling profit margins that have left them wary of reducing their lending rates unless they can also cut the rates paid out on savings.

PB Fintech said it has made a further investment of Rs 349 crore in its arm Policybazaar to strengthen the financial health of the subsidiary.

The non-banking finance company will be raising another $1 million from existing investors. The total infusion in local currency terms would be around Rs 73 crore.

People aware of the developments said the new Memorandum of Understanding being worked upon by the RBI and UK authorities, including the Bank of England, would essentially communicate a "hands-off" approach towards the CCIL on potentially contentious issues such as rights of audit over the Indian clearing house.