Pre-market update: The strength in the Sensex, Nifty 3-day rally is likely to be tested on Wednesday amid tepid cues and as focus shifts towards the RBI policy.

Sensex

Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today

sensex nifty stock market share market

The Nifty 50 index has closed near a significant resistance level of 24,540, while the Nifty Bank index is at a pivotal juncture

trading, market, stocks

A decisive move above 24,537 is likely to open the next upside target of 24,900 in the near term. The immediate support is placed at 24,300, as per the concept of change in polarity

global stocks

The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year. It is the highest on record after December 2007 and September

market capitalisation

Sharper recovery driven by ongoing foreign selloff in largecaps

market

If we project forward to FY28, NGEL's current portfolio of ongoing projects with 17GW will contribute fully to earnings, with around 55 per cent annual growth in operating profit over FY2024-28

NTPC

Global investment firm Carlyle Group through its arm divested a 4.3 per cent stake in healthcare tech firm Indegene for Rs 636 crore through an open market transaction.
According to the bulk deal data available on the National Stock Exchange (NSE), CA Dawn Investments, an affiliate of US-based Carlyle, sold 1,02,63,785 shares amounting to a 4.3 per cent stake in Indegene.
The shares were offloaded at an average price of Rs 619.82 apiece, taking the transaction value to Rs 636.17 crore.
After the latest transaction, Carlyle's holding in Indegene has come down to 10.22 per cent from 14.52 per cent.
Details of the buyers of Indegene's shares could not be ascertained on the NSE.
Shares of Indegene plunged 6.06 per cent to close at Rs 627 apiece on the NSE.
In two separate deals on the NSE and BSE, financial services company Capital Group on Tuesday trimmed its holding by selling a 2.24 per cent stake in Medi Assist Healthcare Services for nearly Rs 93 crore through open market ...

Divestment, privatisation, stake sale, disinvestment

The shares were offloaded at an average price of Rs 619.82 apiece, taking the transaction value to Rs 636.17 crore

Augusta TBO (Singapore) and TBO Korea Holdings, two public shareholders of TBO Tek, on Tuesday pared a total of 5.9 per cent stake in the company for nearly Rs 935 crore through open market transactions.
TBO Tek is a technology platform engaged in the business of providing services related to tours and travel.
According to the bulk deal data available on the BSE, Augusta TBO (Singapore) sold 40.74 lakh shares, while TBO Korea Holdings offloaded 23.05 lakh shares, amounting to a 3.75 per cent and 2.12 per cent stake, respectively, in Gurugram-based TBO Tek.
The shares were disposed of in the price range of Rs 1,465.14-1,465 apiece, taking the aggregate deal value to Rs 934.73 crore.
After the stake sale, Augusta TBO's holding in TBO Tek has come down to 9.72 per cent from 13.47 per cent, while TBO Korea Holdings' stakeholding in the company has declined to 5.5 per cent.
ICICI Prudential Mutual Fund (MF), SBI MF and Axis MF acquired a total of 27.90 lakhs shares or 2.6 per cent stak

TBO Tek is a technology platform engaged in the business of providing services related to tours and travel

According to the fund house, the model will identify stocks as momentum, value, quality, or growth based on data

SBI MF's Rs 7,000-cr IPO likely early FY23; eyes valuations of Rs 70,000 cr

SBI Mutual Fund, SBI MF

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

Gold

The market regulator has proposed stringent norms for the listing of SMEs following such concerns in the segment

SEBI

The proposal followed SEBI's mandate restricting the association of registered entities in the securities market with those who are unregistered or not covered under the ambit of the market regulator

Advocacy group US-India Strategic Partnership Forum (USISPF) and IT trade body Nasscom have flagged concerns over a recent proposal by the markets regulator, Securities and Exchange Board (Sebi), to define Specified Digital Platforms (SDPs).

The proposal followed Sebi's mandate restricting the association of registered entities in the securities market with those who are unregistered or not covered under the ambit of the market regulator

Capital markets regulator Sebi on Tuesday revised its guidelines on the use of shared mobile numbers and e-mail addresses by stock brokers for investor alerts with an aim to enhance operational convenience.
The updated rules, effective immediately, aim to strike a balance between regulatory compliance and operational flexibility for brokers.
Under the revised framework, Sebi said, the stock brokers can upload a common mobile number or e-mail address for multiple clients under certain conditions.
The exception applies to clients belonging to the same family, defined as self, spouse, dependent children, and parents, or for specific non-individual clients such as Hindu Undivide Family (HUF), corporates, partnerships, or trusts.
In the case of non-individual clients, the shared contact details can only be uploaded if the client is an authorised person. For example, a Karta in HUFs, a partner in a partnership firm, a trustee or beneficiary in a trust, or a corporate board-authorised ...

The updated rules, effective immediately, aim to strike a balance between regulatory compliance and operational flexibility for brokers

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