Latest Stock Market News

"Since the introduction of trading plans in 2015, data and market feedback suggest that the current regulatory requirements in respect of trading plans are onerous and consequently, trading plans are not very popular," Sebi said in its consultation paper.

It informed that the company has received notices from NSE and BSE on November 21, 2023, regarding non-compliance with the provision of Regulation 17(1) of the Sebi (LODR) for not having a requisite number of independent directors (including one woman independent director) on the Board during the quarter ended September 30, 2023.

Experts are of the view that on the upside 44,000 will act as a crucial resistance for the Nifty Bank index in the coming week, and a decisive move above the same could trigger a strong rally in the index. Indian equity market will remain shut on Monday on account of a public holiday.

“In the PSU sector, there is always a risk of divestments or other sort of factors at play. So generally, we shy a little bit away from them. But I think, you know, as we all know, when the market trades at reasonably punchy valuation, people do start looking at the PSUs again. And obviously, there are some sectors where the PSU players give you pretty good exposure as well.”

The brokerage picks Hero MotoCorp among its preferred buys in this space while choosing Tata Motors as a passenger vehicle play and Endurance Technologies and Craftsman Automation among auto ancillaries

While the S&P BSE Sensex declined by 47.77 points or 0.07% to close at 65,970.04, the broader Nifty50 dropped by 7.30 points or 0.04% to settle at 19,794.70

The near-term uptrend status of Nifty remains intact. A sustainable up move above 19,900 could pull Nifty towards all-time highs and a decisive move below 19600 is likely to open a near-term downward correction for the market, said Nagaraj Shetti of HDFC Securities.

Foreign banks were seen bidding for U.S. dollars on Friday, likely on behalf of custodial clients, a foreign exchange trader at a private bank said

“In a situation where the overall market is not doing really well is, there could be a sense of follow-up buying coming up or follow up demand coming up on some of these names. Both IREDA and Tata Tech are quality companies in terms of businesses. Therefore, they would have a bit of a follow up demand coming in. But given the subscription that we have seen, a lot of demand will just evaporate on the IPO listing date.”