The Indian stock market held a special Muhurat trading session today. Due to this, stock markets were open from 02:20 pm to 03:30 pm.
Markets closed lower compared to Friday’s closing point.
Pharma stocks and media stocks rose the most today. Realty stocks and consumer durable stocks fell the most.
Global markets were shut on the weekend.
News
Confederation of All India Traders (CAIT) said Diwali shopping generated business worth over Rs 6 lakh crore across India and the total festive trade is likely to cross Rs 7 lakh crore, as per media reports.
Mahanadi Coalfields, IFL Finance, and Sagar Defence Engineering Ltd along with 2 other companies received SEBI approval for IPO.
Stock Updates
Divi’s Lab: net profit rose 63.57% year-on-year to Rs 1,127 crore in the July-Sept quarter.
Bharat Electronics: received new orders worth Rs 909 crore since 21 Oct for night vision devices, communication equipment, upgrades and other services.
Tata Steel: net profit rose 18.20% year-on-year to Rs 3,666.41 crore in the July-Sept quarter, including a Rs 348.68 crore one-time gain. Noel Tata will retire as Vice-Chairman and Director on 11 Nov.
Wipro: appointed former Birlasoft CEO Angan Guha as President and CEO of its Americas 2 business, effective 8 Dec.
BHEL: received an order (worth Rs 600 crore - 900 crore) from Power Grid for two synchronous condensers at its Barmer-II power station.
Meesho: acquired a 92.74% stake in Kirana Club Pte Ltd and its Indian subsidiary Retail Pulse Labs Pvt Ltd for Rs 186.71 crore.
Tata Power: a Singapore court restricted the company’s ability to sell its shares in two Singapore subsidiaries due to an ongoing legal dispute. Tata Power has appealed the decision.
Marico: agreed to acquire a 51% stake in Bonorizon Consumer Ventures Pvt Ltd for up to Rs 35 crore..
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