▫️Dream Sports parent company of Dream 11, raised $840 million at a valuation of $8 billion.
▫️ Govt. may allow some scope of trading in crypto currency for large institutional investors and completely ban its use as a legal tender.
▫️ Cabinet approves bill to repel 3 farm laws.
▫️Free ration scheme that was introduced in Covid, will stay till FY22.
▫️India US agreed on digital tax for e-commerce companies.
▫️ Government is considering to make smartphones universal authenticator for citizens.
▫️RBI imposed ₹ 2 crore penalty on Tata Communications arm for non-compliance.
▫️Hero electric reported 2 fold jump in sales during the festive season.
▫️Start Health IPO will open on November 30, at a price band of 870-900/share.
▫️ International flights may operate normally from December. Govt. is considering to increase the number of international flights.
▫️Hinduja Empire (owner of Ashok Leyland, Induslnd Bank, etc.) is at rise due to family feud.
▫️ Ashok Leyland sets up team for alternative fuel technology.
▫️L&T signs pact with Tamil Nadu Goverment to build data centre.
▫️Coal India aims capex of ₹40,000 – 50,000 crore in 4-5 years.
▫️Tata Steel commissioned previously announced Iron Ore plant in Orissa.
▫️Lower availability of natural rubber is adversely affecting the tyre production.
▫️ Credit growth soared to highest level in October at 7.3%, since the pandemic.
▫️US jobless claim fell sharply to 199,00 last week, which is 52 year low.
▫️Indian markets erased all the early gains and ended in red, due to volatility in Asian markets and fear of tightening monetary policy.
▫️Sensex ended lower by 0.55% at 58,340. Nifty ended down by 0.5% at 17,415.
▫️Selling in Auto, IT, Metals and Oil & Gas dragged the market. While gains in banking sector tried to support the market.
▫️ Despite the fall, market breadth remained positive. On NSE, 1070 stocks rose and 758 stocks fell.
▫️Gold prices remained flat at ₹47,500 levels.
▫️Oil prices remained flat at $78 (WTI Crude), with US strategic reserve release offset by stubborn OPEC’s decision to curb supply.
▫️Ruppee settled with marginal gain of 3 paise at 74.40.
▫️Gains in US markets were capped as US treasury yields hovered at 52 week high. US markets will be closed today on account of Thanksgiving holiday.
▫️US index futures is trading with gain of 80 points, while Asia is mixed and SGX Nifty is flat today morning.
▫️Stocks in F&O ban: IBULHSGFIN & ESCORTS.
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