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Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level

Star Health cuts IPO size after tepid subscription; Tega Industries closes IPO with over 200 times subscription

Top headlines: Karnataka issues new Covid curbs; Ambani endorses blockchain

Business Standard brings you the top stories on Friday

I believe in blockchain tech and this is different from crypto: Ambani

Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded

Rupee falls 14 paise to 75.16 against USD on new Covid variant worries

The rupee on Friday slipped 14 paise to close at 75.16 (provisional) against the US dollar, tracking massive sell-offs in domestic equities amid growing worries over the new Covid variant.

Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week

According to report, the Department of Telecommunications (DoT) has started releasing bank guarantees (BGs) issued by Bharti Airtel and Vodafone Idea.

Stock of this Hinduja Group company has zoomed 40% in 2 days

NXTDIGITAL said it has received overwhelming response for its rights issue, with the company receiving Rs 560.13 crore against an issue size of Rs 288.61 crore

Specialty chemical firm Aether plans to file up to Rs 1k-cr IPO next week

Aether Industries caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments

Insurer Star Health cuts IPO size after tepid subscription

It was subscribed at just 79%, getting bids worth $427.37 million, despite it extending the subscription period for its offering

Neogen Chemicals surges 16% on healthy outlook, up 27% in 2 trading days

Neogen's business has some seasonal drivers, due to which the company tends to deliver stronger financial performance in the second half of the financial year

Unichem Labs surges 15% on ANDA nod from USFDA for Aripiprazole tablets

Aripiprazole tablets are indicated for Schizophrenia and Irritability associated with Autistic Disorder

This telecom stock has hit the upper circuit for 14th straight trading day

The Tata Group telecom services stock hit a new high of Rs 129.45, has been nearly doubled or up 97 per cent from level of Rs 65.70 on November 12, 2021

This specialty chemicals maker has gained 150% in 6 months, up 10% today

GFL has forayed into new age business - chemicals & fluoropolymers for electric vehicles (EVs) - batteries, solar panels & hydrogen fuel cells

Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%

The company has fixed Monday, December 06, 2021 as the «record date», for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the Company.

Nandish Shah recommends a Bull spread on Infosys for the December series

The derivative analyst from HDFC Securities recommends buying December 1760 Call and selling 1800 Call of Infosys based on the following four rationales

Will there be a Santa Claus rally this December?

We have seen the market logging gains in the last two Decembers. Will it make a hat-trick of rallies or will the Omicron threat prevail this December? Let's find out what market experts expect

Stocks to Watch:GSK Pharma, Jet Airways, Rel Infra, auto, bank, FMCG shares

Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant

MARKETS: Global cues to guide indices; Tega Industries' IPO to close today

Stock market LIVE: Services PMI data, the outcome of OPEC+ meeting, and other global cues will sway the indices today

Gold trading at Rs 47,580 per 10 gm today, silver at Rs 60,700 a kg

The price of 10 gram of gold decreased by Rs 540 on Friday while the rate of 1 kg of silver decreased by Rs 1000

Investors track Covid cases, watch key market levels as Omicron fears grow

Early indications suggest Omicron may be markedly more contagious than previous variants, though researchers are still seeking to understand its impact

Jack Dorsey's financial services firm Square changes its name to Block

Jack Dorsey''s financial services company Square has announced to change its name to Block, effective from December 10, as the former Twitter CEO renews his focus on Blockchain and crypto.

Domestic push: Retail investors fill FPI vacuum; metal, IT stocks in demand

As per analysts, institutions seem to be on a buying spree for IT, Banks, Capital Goods, and FMCG stocks

Star Health's IPO scrapes through as investment bankers prune OFS component

The Rs 7,240-cr issue received just 79% subscription before I-bankers stepped in

Anand Rathi Wealth IPO subscribed 1.60 times on Day 1 of offer

The Rs 660-crore initial share-sale received bids for 13,600,818 shares against 8,475,000 shares on offer

BSE stock soars 16% to end at Rs 1,912 on NSE IPO buzz; MCX adds 5%

Market players expect NSE's valuation to be around the Rs 2 trillion mark. They feel the exchange's IPO could lead to sharp re-rating in shares of BSE and MCX

Investors richer by over Rs 5.35 trn in two days of market rally

The 30-share BSE benchmark Sensex jumped 776.50 points or 1.35 per cent to close at 58,461.29 on Thursday

Markets post strong gains for a second day, key indices gain 1.3% each

Strong macroeconomic data helps offsets omicron concerns

Tega Industries IPO subscribed 13.5x on day-2 on HNI, retail interest

Anand Rathi Wealth IPO subscribed 1.5 times on opening day

Market Wrap Podcast, December 2: All that happened in the markets today

Paytm, which has moved wildly since its listing, has received the first 'buy' rating from Dolat capital that expects the company to turn profitable by March 2026

Rupee slips 8 paise against dollar to 74.99 on Omicron variant worries

The rupee on Thursday slipped 8 paise to close at 74.99 (provisional) against the US dollar as investor concerns grew over the impact of the new coronavirus variant on the economy. At the interbank foreign exchange market, the local currency opened at 75.06

IPO-bound Metro Brands aims to utilise Rs 250 cr for store expansion

At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years

You can now buy sovereign gold on RBI Retail Direct Portal also

Subscription of the Sovereign Gold Bond Scheme 2021-22 - Series VIII is currently open

Dish TV hits 5% upper circuit amid Bharti Airtel's stake purchase buzz

Dish TV India said that the Company is not aware of the transaction which has been reported in the media

Ride-hailing firm Ola plans IPO in first half of 2022, readies 'super app'

The firm has plans to raise up to $1 billion through an IPO

Oil price rises as investors focus on OPEC+ decision amid Omicron fears

Brent crude futures rose 85 cents, or 1.2%, to $69.72 by 0402 GMT, having eased 0.5% in the previous session

First 'Buy' report on Paytm sees firm turning profitable by 2026

Dolat Capital Market has set a target price of Rs 2,500, which is 16% higher than the company's issue price

Gold prices dip as US Fed's hawkish rhetoric dampens safe-haven appeal

Gold prices eased as investors gauged the US Federal Reserve's response to inflationary risks and economic recovery concerns over Omicron

This PSU stock has zoomed 111% thus far in 2021, up 31% in the last 6 days

Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary

Turning ex-bonus: Apollo Pipes zooms 17%; Indian Energy Exchange slips 2%

The stock of Apollo Pipes hit a record high of Rs 680.05 (adjusted to bonus share) and rallied 17 per cent in intra-day trades today.

PowerGrid hits record high, gains 4%; stock has rallied 18% in last 3 weeks

PowerGrid has a robust project pipeline worth Rs 27,500 crore and has capitalised around Rs 22,932 crore in the last four quarters, which provides earnings visibility for 2-3 years
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