Latest Stock Market News

Excelsoft Technologies Rs 500 crore IPO allotment status is out Monday after strong demand, with subscriptions reaching 45.46 times. The education-tech SaaS firm, boasting global clients and AI-driven platforms, saw significant interest from all investor categories. Investors can check their allotment online, with shares expected to list Wednesday.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

8 stocks close prices crossed below their 200 DMA (Daily Moving Averages) on November 21, according to stockedge.com s technical scan data.

The Indian rupee faces further depreciation, potentially nearing 90 against the US dollar amid limited central bank intervention and portfolio outflows. Traders anticipate continued pressure, with a new trading range expected. Bond yields will be influenced by liquidity and local growth data, while the RBI s monetary policy decision looms.

TotalEnergies plans to sell up to a 6% stake in Adani Green Energy, according to people familiar with the matter. The French energy company holds nearly 19% in the renewable energy firm and is looking to book gains after its $2.5-billion investment in 2021 rose in value to about $8 billion. The proposed stake may be offered to Adani Green for evaluation.

Indian banks witnessed their first operating profit decline in 13 quarters during July-September, primarily due to sluggish net interest income growth. This dip, a 1% year-on-year fall to ₹1.5 lakh crore, stemmed from faster loan repricing downwards than deposits, squeezing margins. Analysts anticipate this contraction phase is nearing its end, with stabilization expected soon.

Truhome Finance, supported by Warburg Pincus, is preparing for a public listing in the next financial year. The company aims to secure the position of the second-largest affordable housing financier in India. Truhome Finance expects significant growth in its assets under management.

Most Indian individual investors saw their net worth decline in the July-September quarter due to market downturns. While benchmark indices like the Nifty experienced losses, midcap and smallcap indices fell more significantly. Nemish Shah s portfolio, however, bucked the trend with a substantial gain, while other prominent investors like Vijay Kedia and Madhusudan Kela also reported positive returns.

TCS significant investment in AI data centers, including a ₹18,000 crore partnership with TPG, raises dividend payout concerns for some investors. However, the company s strong cash generation and consistent high payout ratios suggest its commitment to shareholder returns remains intact, even as it expands its AI infrastructure.

US equity futures climbed as optimism for Federal Reserve rate cuts grew, boosted by reports of potential Nvidia AI chip sales to China. Bitcoin saw a slight dip after a weekend rally, while oil prices extended their slump. Markets remain cautious despite improved risk sentiment due to recent volatility.