▫️ Payment channels (UPI, NEFT, IMPS, etc.) witnessed rise in value of transactions in the month of October.
▫️ Government has urged corporates to increase their risk appetite and expand operations to boost growth.
▫️LIC IPO to hit market between Jan-Mar’2022.
▫️Vedanta is looking to restructure the organisation. This will include demerger and listing of aluminium, iron and steel and oil and gas units seperately.
▫️The long stagnant private capex is now showing signs of revival.
▫️ Financial bids for BPCL, BEML and Shipping Corporation can be invited by January for privatisation.
▫️ Cabinet approved construction of 32,000 km of roads in far flung rural areas.
▫️ Sugar production for the period between 1st October and 15th November, increased to 20.9 lakh tonne, compared to 16.82 lakh tonne last year during the same period.
▫️ Spicejet achieves settlement with Boeing for grounding of its 13 Boeing 737 max aircraft, due to safety issues.
▫️Akasa air to purchase CFM-LEAP 1B engines for $4.5 billion for the 72 Boeing 737 Max aircraft it plans to use.
▫️Ola to launch its e-scooter globally next year.
▫️Tata Housing to develop ₹600 crores residential project in Noida.
▫️Cairn India, part of Vedanta Group, partnered with Baker Hughes to boost crude oil production.
▫️ Europe is now the only where coronavirus deaths are increasing.
▫️ China to set up massive $31.4 billion re-lending facility for cleaner coal use.
▫️UK inflation reached 10 year high in October to 4.2%.
▫️US housing activity fell unexpectedly by 0.7% in October, due to shortage of raw materials and labor.
▫️Tarsons Products IPO subscribed 77.5 times.
▫️Go Fashion IPO was fully subscribed within hours.
▫️ITC is likely de-merge is IT services arm and launch an IPO for the unit.
▫️Bank credit grew 7.14% and deposits by 11.42% in fortnight ended November 15.
▫️Radico Khaitan to add brands to premium spirits portfolio.
▫️Jio tops 4G chart with highest download speed.
▫️Stock market tumbled for second straight day due to profit booking and inflation worries.
▫️Sensex ended 0.52% lower at 60,008.33 and Nifty 50 closed 0.56% down at 17,899.
▫️Auto, Media, Cosumer Durables outperformed the market. While pharma, realty and private banks underperformed.
▫️Market breadth continued to be negative. On NSE, 691 stocks rose and 1145 stocks declined.
▫️Gold prices moved up to ₹49,200 mark due to strong wedding season demand and high inflation.
▫️Crude oil prices declined sharply after US urged countries to release oil reserves. Further, China is also looking to release its strategic oil reserves. WTI Crude is now trading around $77 mark.
▫️As a result of the fall in oil prices, ruppee gained 9 paise to end at 74.28.
▫️US markets nosedived by more than 200 points due to early rate hike fears by Federal Bank.
▫️Today morning US futures are trading marginally positive. Most of the Asia is trading in red and SGX Nifty is trading with slight gains.
▫️Stocks in F&O ban: NATIONALUM, BHEL, SUNTV, SAIL, IBULHSGFIN and IRCTC.
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