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Nexxus Petro Industries will debut on the NSE SME platform with shares trading at Rs 0 GMP in the unlisted market. Engaged in trading and manufacturing bitumen, the company serves the infrastructure sector. It reported Rs 28.83 crore revenue and Rs 3.48 crore profit in FY24.

Refex, which is in the business of ash and coal handling and electric vehicle mobility, also has a presence in refrigerant gases, and power trading.

The weekly index derivatives contracts on Sensex 50 will be discontinued with effect from November 14 end of day while Bankex will be discontinued from November 18.

The finance company is likely to move towards "predictable profitability" by the end of this fiscal year as it shrinks its legacy book, which is expected to decrease the volatility in the earnings number, he said. Consistency in earnings is a factor that most investors have preferred over surprises.

Investors are concerned that, should Israel strike critical Iranian assets, the Islamic Republic will lash out and escalate the conflict, dragging in more countries and potentially disrupting global energy shipments. Israel said it bombed more than a dozen Hezbollah targets in Beirut on Thursday.

M&M Financial is likely to be in focus as the company said it is expecting a 1% year-on-year decline in the overall disbursement in the second quarter.

Small finance banks and microfinance lenders are setting a cap of four live loans per borrower. This is a precautionary step to avoid defaults due to unsecured loan stress. The RBI has already raised concerns about rising delinquency levels and multiple live loans, prompting this move. Utkarsh Small Finance Bank follows this four-loan cap policy.

On Tuesday, the government reconstituted the six-member MPC, appointing three new external members for a four-year term. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. Singh is director, Delhi School of Economics, Bhattacharya an independent economist, was formerly chief economist at Axis Bank, while Kumar is director and chief executive at the Institute for Studies in Industrial Development, New Delhi.

Indian mortgage lenders anticipate that new guidelines for the affordable home subsidy plan under the Pradhan Mantri Awas Yojana (PMAY) will plug fund leakages and ensure benefits reach more end-users. The scheme will now offer a reduced total subsidy of ₹1.80 lakh over five years, aiming to curb misuse by builders and brokers.

The NSE Nifty dropped 2.12%, or 546.80 points, to close at 25,250.10. The BSE Sensex fell 2.10%, or 1,769.19 points, to close at 82,497.10. This is the highest fall in a day since August 5. Apart from JSW Steel and ONGC, all other Nifty stocks closed lower on Thursday. Both indices have declined over 3% in 5 sessions.