Latest Stock Market News

Indian indices opened lower as October retail inflation raised concerns over potential RBI rate cuts, amidst weak earnings and foreign outflows.

Gold and silver futures opened higher, but prices remain volatile due to a strong dollar, rising US bond yields, and cryptocurrency gains. Experts expect fluctuations ahead of US inflation data.

A total of 13,580 shares changed hands on the counter till 10:05AM (IST).

Oil India, Power Grid, and Container Corporation set November 14 as the record date for dividend eligibility. Investors had until today to buy shares and qualify for the announced payouts, with dividends to be paid by early December.

Pashupati Advani, Founder of Global Foray, expresses caution in the current market climate. He observes that ongoing FII selling, influenced by factors like the vanished Japan carry trade, is driving down asset values. While acknowledging attractive prices for certain stocks, Advani suggests a cautious approach, recommending lightening positions until the market stabilizes.

Onyx Biotec is launching an SME IPO to raise Rs 29 crore by offering shares at Rs 58-61 apiece. The pharmaceutical company aims to utilize the funds for upgrading its manufacturing unit, setting up a packaging line, and repaying debt. The IPO opened on November 13 and will close on November 18, with listing expected on November 21.

Shares of leading exchange BSE will be in focus on Wednesday after the company reported a 193% year-on-year growth in consolidated net profit, reaching Rs 346 crore for Q2, up from Rs 118 crore in the same period last year.

The renewable energy unit of state-owned NTPC will launch its IPO for bids from November 19 to November 22, with large "anchor" investors having the opportunity to bid a day earlier, on November 18. This IPO is set to be the third-largest stock offering in India this year, following behind Hyundai Motor India and Swiggy.

Second attractiveness of the Chinese market (sub 10x 12m F PE) compared to India at (23x12m F P/E) and obviously US election positioning (EM to DM shift) has led to macro uncertainty for FII.

Bitcoin surged past $89,000 amid speculation of favorable crypto regulations under President-elect Trump, driving the market value to $3.1 trillion. Analysts warn of a potential retracement after the rally.