Latest Stock Market News

NTPC Ltd, the parent company of NTPC Green Energy Ltd (NGEL), considered prevailing market sentiments when setting the price band for NGEL’s initial public offering (IPO). The IPO, which opened today, offers shares in the price range of Rs 102-108. The subscription will remain open until Friday. The management cited market sentiment following the US election results as a key factor in their decision.

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Sectorally, buying was seen in consumer durables, auto, realty, and IT stocks, while selling was observed in oil & gas, energy, and metal stocks.

Proceeds from the fresh issue will be used for acquisition of additional shareholding in subsidiaries -- Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics and Thomas Assessments -- funding incremental working capital requirements of the company, unidentified inorganic acquisitions and general corporate purposes.

Motilal’s top large-cap picks include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), HCL Technologies, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Power Grid Corporation, Titan Company, Trent, and Mankind Pharma

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Agrochemicals manufacturer UPL announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, according to its filing with stock exchanges on November 20. The funds will be raised by issuing 9.38 crore partly paid-up equity shares. The issue price represents a 34% discount to UPL’s closing price of Rs 546.85 on November 19.

Market expert Shankar Sharma issued a cautionary note to Indian investors, criticizing a recent report from global brokerage firm CLSA that shifted its investment focus from China to India. In a post on X (formerly Twitter), Sharma labeled the report as a "trojan horse" and a "typical trap" for retail and domestic institutional investors (DIIs), warning against excessive optimism in the current market environment.

The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.